Financial Performance - The company's operating revenue for the first half of 2023 was RMB 496.51 million, a decrease of 2.73% compared to RMB 510.44 million in the same period last year[24]. - The net profit attributable to shareholders was RMB 66.11 million, down 15.89% from RMB 77.21 million year-on-year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 64.06 million, a decline of 26.17% from RMB 85.37 million in the previous year[24]. - Basic earnings per share decreased to RMB 0.1365, down 13.72% from RMB 0.1554 in the previous year[24]. - Total assets at the end of the reporting period were RMB 3.29 billion, a decrease of 1.31% from RMB 3.34 billion at the end of the previous year[24]. - The net assets attributable to shareholders were RMB 2.41 billion, down 0.76% from RMB 2.43 billion at the end of the previous year[24]. - The company achieved operating revenue of ¥496,507,600.70 in the first half of the year, a year-on-year decrease of 2.73% but a quarter-on-quarter increase of 13.70%[70]. - The net profit attributable to shareholders was ¥66,107,891.79, down 15.89% year-on-year but up 1,634.97% quarter-on-quarter[70]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, with a net outflow of RMB 28.39 million, compared to a net outflow of RMB 83.55 million in the same period last year, representing a 66.03% improvement[24]. - Research and development investment increased significantly by 126.70% to CNY 182,542,435.87, driven by the advancement of industrialization projects[92]. - The cash flow from financing activities improved by 81.06%, totaling CNY -26,157,590.98, mainly due to increased bank borrowings[92]. - The company has cumulatively used raised funds amounting to RMB 478,596,806.89, with a remaining balance of RMB 321,893,953.80, including RMB 11,893,953.80 in the dedicated investment account[114]. Share Repurchase and Capital Structure - The company completed the third phase of share repurchase, canceling 3,982,477 shares, reducing total share capital from 501,417,333 shares to 497,434,856 shares[23]. - The company approved a share repurchase plan using between RMB 80 million and RMB 100 million, with 50% of the repurchased shares to be canceled and the other 50% for employee stock incentives[177]. - The total share capital decreased from 501,417,333 shares to 497,434,856 shares after the cancellation of 3,982,477 repurchased shares[178]. - The company’s total share capital after the repurchase and cancellation is now 497,434,856 shares, maintaining 100% ownership structure[184]. Research and Development - The company focuses on full-process R&D of vehicles and platforms, development of new energy intelligent platforms, and manufacturing of core components, aiming to build an international high-barrier ecological closed loop[37]. - The company has maintained a leading position in R&D efficiency and quality, recognized by numerous clients for its adherence to international standards[38]. - The company has adopted a new intelligent R&D system that aims to enhance efficiency and reduce costs in automotive development, leveraging AI technologies and digital tools[40]. - The R&D process is structured into proposal, implementation, and release phases, with a strong emphasis on project-based collaboration across departments[43]. Market and Industry Trends - In the first half of 2023, China's automotive industry showed a steady recovery with production and sales reaching 13.248 million and 13.239 million vehicles, respectively, representing year-on-year growth rates of 9.3% and 9.8%[34]. - New energy vehicles (NEVs) maintained rapid growth, with production and sales reaching 3.788 million and 3.747 million units, respectively, marking growth rates of 42.4% and 44.1%, and a market penetration rate of 28.3%[34]. - The export of automobiles reached 2.14 million units in the first half of 2023, a year-on-year increase of 75.7%, with NEV exports at 534,000 units, representing a growth of 160%[34]. Strategic Partnerships and Expansion - The company is actively exploring new revenue models to leverage its technological, resource, brand, and product advantages in the market[38]. - The company plans to implement a "technology + supply chain" strategy for international expansion, providing a range of services from R&D to manufacturing and sales[39]. - The company has communicated with potential partners in over 20 countries regarding cooperation feasibility and is actively promoting its brand and solutions internationally[74]. - The company signed a cooperation agreement with a leading domestic automaker for the development and production of a new energy vehicle for overseas markets[179]. Talent and Governance - The company has a workforce of 2,445 employees, with 1,804 holding a bachelor's degree or higher, representing 73.78% of the total[53]. - The company has implemented various talent retention mechanisms, including restricted stock incentive plans and employee stock ownership plans[126]. - The company has established strict confidentiality measures to mitigate the risk of core technology leakage[127]. - The company has a comprehensive talent incentive policy, including stock options and employee stock ownership plans, to attract and retain high-quality talent[56]. Risks and Challenges - The company is facing risks related to policy changes in the automotive industry, which could impact orders and operations, and plans to adjust strategies accordingly[123]. - The company anticipates increased market competition in the automotive R&D sector and aims to enhance its technological capabilities to maintain a competitive edge[124]. - The company is actively managing risks associated with contract performance, particularly with clients experiencing operational challenges[174].

证券代码：300825 证券简称：阿尔特 阿尔特汽车技术股份有限公司 参数化模型的优化，以提高效率和前移预测；在碰撞耐撞性 和行人保护上已经使用了 AI 算法训练模型，来快速预测结 果，同时在热管理智能标定、CAD 和 CAE 自动化系统编程， 以及用户体验需求研究中也运用了 AI 技术来提升效率。 公司未来将继续在更多整车研发设计环节探索 AI 技术 的应用及落地，并将数字化、智能化转型作为重要的发展战 略，积极探索公司汽车设计知识库、汽车设计数据库与 AI 大 模型相结合的模式和创新路径，逐步实现降本增效，打造汽 车研发设计新模式、新业态，为客户提供更高质高效的服务。 感谢您的关注！ 3、张总经理，您好 汽车控制领域，泊车控制器就不用说了， 更高端的带有一定算力的独立硬件控制器是否也是发展 方向？算力大概是什么范围？ 投资者关系活动记录表 编号：2023-004 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 通过"全景•路演天下"（ ...

Financial Performance - The total comprehensive income attributable to the parent company was 24,174,903.98 yuan, compared to 25,662,792.38 yuan in the previous period[12]. - Basic and diluted earnings per share were both 0.0542 yuan, compared to 0.0522 yuan and 0.0521 yuan in the previous period, respectively[12]. - The company's operating revenue for the current period is ¥237,954,785.83, representing a 12.50% increase compared to ¥211,524,210.38 in the same period last year[28]. - Net profit attributable to shareholders for the current period is ¥26,452,551.73, a 1.89% increase from ¥25,975,581.32 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥26,137,782.94, reflecting a 2.15% increase from ¥25,600,208.29 year-on-year[28]. - The net profit for Q1 2023 was RMB 26,016,021.99, compared to RMB 18,868,322.16 in Q1 2022, indicating a year-over-year increase of about 37.4%[51]. - The company reported a total revenue of RMB 30,838,464.23 for Q1 2023, up from RMB 20,630,870.12 in Q1 2022, marking an increase of around 49.5%[51]. Cash Flow - The net cash flow from operating activities increased by 49.39% compared to the same period last year, primarily due to an increase of 35.6741 million yuan in cash received from sales of goods and services[5]. - The net cash flow from operating activities improved to -¥50,104,787.50, a 49.39% reduction in losses compared to -¥99,009,659.59 in the previous year[28]. - Cash flow from operating activities increased to RMB 188,714,257.73 from RMB 153,040,147.38 in the previous period[58]. - The total operating cash inflow was 196,084,976.49 yuan, compared to 164,920,922.25 yuan in the previous period[24]. - The cash and cash equivalents at the end of the period were 448,806,440.13 yuan, down from 647,188,901.47 yuan at the end of the previous period[24]. - The cash and cash equivalents decreased to ¥456,678,207.62 from ¥714,193,958.87 at the beginning of the year[36]. Investment Activities - The net cash flow from investing activities was -143,262,060.84 yuan, compared to 79,209,347.04 yuan in the previous period[24]. - The company had a total investment cash inflow of 420,001,420.50 yuan, down from 901,206,186.36 yuan in the previous period[24]. - The total investment income for Q1 2023 was RMB 793,753.34, down from RMB 4,517,065.20 in Q1 2022, indicating a decline of about 82.4%[51]. Expenses and Costs - The total operating costs for Q1 2023 were RMB 206,779,162.48, an increase from RMB 193,558,963.70 in Q1 2022, representing a growth of approximately 6.3%[51]. - Research and development expenses for Q1 2023 amounted to RMB 8,182,641.52, a significant decrease from RMB 32,817,803.20 in the same period last year, reflecting a reduction of approximately 75%[51]. - The company’s financial expenses in Q1 2023 were RMB 3,080,953.53, compared to RMB 774,295.59 in Q1 2022, which is an increase of approximately 297%[51]. - The company’s tax expenses for Q1 2023 were RMB 4,822,442.24, compared to RMB 1,762,547.96 in Q1 2022, representing an increase of approximately 173%[51]. Assets and Liabilities - Total assets at the end of the current period are ¥3,236,211,337.25, down 3.05% from ¥3,337,940,823.11 at the end of the previous year[28]. - The total liabilities amount to RMB 753,348,713.31, a decrease from RMB 818,723,507.71 in the previous period[56]. - The total owner's equity is RMB 2,482,862,623.94, down from RMB 2,519,217,315.40 in the previous period[56]. - The company's current liabilities totaled RMB 370,175,336.45, down from RMB 436,036,963.87 in the previous period[56]. - The company's capital reserve increased to RMB 1,357,060,457.98 from RMB 1,344,210,628.45[56]. - The company's retained earnings rose to RMB 584,848,288.82 from RMB 558,395,737.09 in the previous period[56]. Shareholder Activities - The company plans to repurchase shares with a total fund of no less than RMB 80 million and no more than RMB 100 million, expecting to buy back approximately 4,512,126 to 5,640,157 shares, representing 0.90% to 1.12% of the total share capital[54]. - As of March 31, 2023, the company has repurchased a total of 5,734,154 shares through a dedicated securities account[54]. Other Information - The company signed a cooperation intention letter with a leading domestic vehicle manufacturer for the development, production, and sales of a new energy vehicle for overseas markets[18]. - The company recorded a non-operating loss of ¥398,506.78 from the disposal of non-current assets[30]. - The company received government subsidies amounting to ¥1,909,035.13, which are closely related to its normal business operations[30]. - The company reported a decrease in other comprehensive income, with a value of -RMB 5,230,911.83 compared to -RMB 2,953,264.08 in the previous period[56]. - The company has a long-term loan balance of RMB 1,696,874.42, down from RMB 1,902,009.07 in the previous period[56]. - The company plans to expand its market presence by launching new products in the electric vehicle sector in the upcoming quarters[52].

阿尔特汽车技术股份有限公司（以下简称"公司"）已于 2023 年 4 月 24 日 在巨潮资讯网（http://www.cninfo.com.cn）披露《2022 年年度报告》及其摘要。 证券代码：300825 证券简称：阿尔特 公告编号：2023-043 阿尔特汽车技术股份有限公司 关于举行 2022 年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 如有疑问，可通过本通知后附的电话、传真或者电子邮件联系公司。 四、公司出席人员 出席本次说明会的人员有：董事、总经理张立强先生；副总经理、董事会秘 书邱阳女士；财务负责人贾居卓女士以及独立董事陈士华先生。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2023 年 5 月 8 日（星期一）17:00 前访问 http://ir.p5w.net/zj/，或扫描下方二维码，进入 问题征集专题页面。公司将在 2022 年度业绩说明会上，对投资者普遍关注的问 题进行回答。 为使投资者更好了解公司的发展情况，方 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=第一节%20重要提示、目录和释义) This section provides crucial disclaimers, outlines the report structure, and defines key terms for clarity [Important Notice](index=2&type=section&id=重要提示) The company's board, supervisory board, and senior management guarantee the report's accuracy and completeness, disclaiming any misleading statements - Company management assures the truthfulness, accuracy, and completeness of the report content, assuming corresponding legal responsibilities[3](index=3&type=chunk) - The company plans no cash dividends, bonus shares, or capital reserve conversions to share capital for 2022[15](index=15&type=chunk) [Definitions](index=6&type=section&id=释义) This chapter defines key terms used throughout the report, including company abbreviations, major partners, regulatory bodies, and the reporting period - The reporting period is defined as January 1, 2022, to December 31, 2022[8](index=8&type=chunk) [Company Profile and Key Financial Indicators](index=7&type=section&id=第二节%20公司简介和主要财务指标) This section presents the company's fundamental information and a summary of its key financial performance metrics for the reporting period [Company Information](index=7&type=section&id=公司信息) This chapter provides essential company details, including its name, stock code, legal representative, addresses, contact information, and official disclosure channels | Item | Information | | :--- | :--- | | **Stock Abbreviation** | ART | | **Stock Code** | 300825 | | **Legal Representative** | Xuan Qiwu | | **Registered Address** | 9th Floor, Building 11, No. 7 Courtyard, Liangshuihe 2nd Street, Beijing Economic-Technological Development Area, Beijing | | **Information Disclosure Website** | Cninfo (www.cninfo.com.cn) | [Key Accounting Data and Financial Indicators](index=8&type=section&id=主要会计数据和财务指标) In 2022, the company experienced a significant performance decline, with revenue dropping by 25.56% to **RMB 947.14 million** and net profit attributable to shareholders falling by 60.62% to **RMB 80.88 million** | Key Financial Indicators | 2022 | 2021 | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (RMB)** | 947,136,760.38 | 1,272,277,551.86 | -25.56% | | **Net Profit Attributable to Shareholders (RMB)** | 80,875,393.83 | 205,360,226.29 | -60.62% | | **Net Cash Flow from Operating Activities (RMB)** | 47,721,800.31 | 182,052,014.30 | -73.79% | | **Basic Earnings Per Share (RMB/share)** | 0.1643 | 0.4419 | -62.82% | | **Weighted Average Return on Net Assets** | 3.28% | 12.03% | -8.75% | | **Total Assets (RMB)** | 3,335,426,285.55 | 3,416,135,457.86 | -2.36% | [Quarterly Key Financial Indicators](index=9&type=section&id=分季度主要财务指标) The company's 2022 quarterly performance showed significant fluctuations, with Q2 being the peak for revenue and profit, while Q4 recorded a loss | Indicator (RMB) | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 211,524,210.38 | 298,915,104.50 | 167,565,052.01 | 269,132,393.49 | | **Net Profit Attributable to Shareholders** | 25,975,581.32 | 51,234,980.57 | 17,041,532.16 | -13,376,700.22 | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items)** | 25,600,208.29 | 59,770,152.77 | 28,101,804.82 | -24,900,351.22 | [Non-Recurring Gains and Losses and Amounts](index=9&type=section&id=非经常性损益项目及金额) The company's net non-recurring loss for the reporting period was **RMB -7.70 million**, primarily due to a **RMB -23.76 million** loss from changes in fair value of financial assets | Item | 2022 Amount (RMB) | 2021 Amount (RMB) | | :--- | :--- | :--- | | Disposal gains/losses on non-current assets | -1,431,549.35 | -1,241,039.53 | | Government grants recognized in current profit/loss | 9,224,836.41 | 18,843,093.86 | | Debt restructuring gains/losses | 8,174,435.84 | -2,911,807.60 | | Fair value changes of financial assets/liabilities held for trading | -23,761,076.55 | 0.00 | | **Total** | **-7,696,420.83** | **15,620,986.80** | [Management Discussion and Analysis](index=11&type=section&id=第三节%20管理层讨论与分析) This section provides an in-depth analysis of the company's operational performance, financial condition, and future outlook [Industry Overview and Company Position](index=11&type=section&id=行业情况与公司地位) In 2022, China's automotive industry maintained slight growth, with new energy vehicles experiencing explosive growth and the company solidifying its leading position as a full-stack R&D provider - In 2022, China's new energy vehicle production and sales reached **7.058 million** and **6.887 million** units respectively, growing over **90%** year-on-year, with a market share of **25.6%**[95](index=95&type=chunk) - The company is China's first A-share listed independent full-stack automotive R&D solution provider, pioneering "turnkey" vehicle R&D services and engine/powertrain R&D and manufacturing[85](index=85&type=chunk) - The company possesses globally pioneering electromagnetic DHT R&D and production technology, is one of the few domestic enterprises capable of independently selling V6 engines, and has proactively deployed in SOA developer platforms and skateboard chassis[85](index=85&type=chunk) [Main Business and Operating Model](index=12&type=section&id=主要业务与经营模式) The company's core business encompasses full-process vehicle and platform R&D, core component R&D and manufacturing, and new energy intelligent platform development, operating on a project-based R&D and build-to-order production model - The company's core business comprises three segments: vehicle and platform R&D (including skateboard chassis), core component R&D and manufacturing (electromagnetic DHT, V6 engines, etc.), and new energy intelligent platform development (SOA architecture, intelligent driving, intelligent control, intelligent cockpit platforms)[88](index=88&type=chunk)[64](index=64&type=chunk) - The company adopts a project manager-led R&D model, a "build-to-order with appropriate inventory" production model, and a marketing model that includes bidding, negotiated procurement, and a unique "forward-looking R&D reserve promotion" approach[73](index=73&type=chunk)[75](index=75&type=chunk)[90](index=90&type=chunk) Main Products and Core Advantages | Main Product | Core Advantage | Application | | :--- | :--- | :--- | | **Electromagnetic DHT** | Compact structure, low cost, high efficiency, low noise | Hybrid electric vehicles | | **Electromagnetic Clutch Module** | Low cost, fast response, simple structure, low power loss | Integrated into DHT systems | | **Four-in-One Powertrain** | Highly integrated (motor, reducer, domain controller, heat exchanger), uses flat-wire oil-cooled motors and SiC power devices | A-C segment new energy vehicles | | **V6 Engine** | All-aluminum lightweight, twin-turbocharged, powerful, meets National 6b emissions | High-end off-road vehicles, minibuses, range-extended trucks, etc | [Core Competitiveness Analysis](index=17&type=section&id=核心竞争力分析) The company's core competitiveness stems from its leading technical strength, high-caliber talent pool, comprehensive business layout, and significant operational achievements - Technical Strength: The company possesses core technologies across the entire automotive R&D value chain, holding **1,312 patents** (including **51 invention patents**) and **48 copyrights** as of the reporting period, with an annual patent growth rate of **49.94%**[60](index=60&type=chunk) - Talent Team: As of the reporting period, the company has **2,160 employees**, with technical personnel accounting for **78.24%** and those with bachelor's degrees or higher accounting for **73.47%**; the SDV domain team has grown to nearly **500 people**[79](index=79&type=chunk) - Business Layout: The company is one of the few independent enterprises in China capable of covering the entire automotive development value chain, offering full-process services from R&D to prototyping, forming a "R&D + Manufacturing" dual-driven model[80](index=80&type=chunk)[396](index=396&type=chunk) - Operational Achievements: The company has successfully developed nearly **400 vehicle models** for over **80 clients**, including XPeng G3, Hozon NETA series, Enovate ME7, Hongqi H5/HS5/HS7, and Dongfeng Honda e:NS1[399](index=399&type=chunk)[411](index=411&type=chunk)[412](index=412&type=chunk) [Main Business Analysis](index=21&type=section&id=主营业务分析) In 2022, the company's total revenue decreased by 25.56% to **RMB 947.14 million**, and net profit fell by 60.62% to **RMB 80.88 million**, primarily due to a significant decline in R&D design services, despite strong growth in core component sales Revenue Composition (RMB) | Revenue Composition (RMB) | 2022 | 2021 | YoY Change | | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | **947,136,760.38** | **1,272,277,551.86** | **-25.56%** | | *By Industry* | | | | | Professional Technical Services | 817,494,702.77 | 1,205,376,241.52 | -32.18% | | Manufacturing | 129,642,057.61 | 66,901,310.34 | 93.78% | | *By Product* | | | | | New Energy Vehicle Design | 690,140,947.04 | 1,009,670,750.90 | -31.65% | | Fuel Vehicle Design | 123,547,471.72 | 187,438,692.53 | -34.09% | | Core Components | 128,600,605.59 | 64,476,479.08 | 99.45% | - R&D business revenue significantly declined due to factors such as personnel mobility restrictions and client project slowdowns; as of the reporting period, the order backlog was approximately **RMB 2.01 billion**, a relatively low level in recent years[415](index=415&type=chunk) - Core component business experienced rapid growth, primarily driven by the mass production and deployment of the self-developed electromagnetic DHT product for SAIC-GM-Wuling hybrid models starting in July 2022[428](index=428&type=chunk)[94](index=94&type=chunk) - The company's R&D investment continued to increase, reaching **RMB 192 million** in 2022, a **27.08%** year-on-year increase, with its proportion of operating revenue rising to **20.32%**[444](index=444&type=chunk)[483](index=483&type=chunk) [Analysis of Assets and Liabilities](index=35&type=section&id=资产及负债状况分析) As of the end of 2022, the company's total assets were **RMB 3.34 billion**, a slight decrease of 2.36% from the beginning of the year, with notable changes in financial assets, inventory, and contract liabilities Key Asset and Liability Items (RMB) | Key Asset and Liability Items (RMB) | 2022 Year-End | 2022 Year-Beginning | Explanation of Change | | :--- | :--- | :--- | :--- | | **Financial Assets Held for Trading** | 299,049,623.21 | 823,974,026.35 | Primarily due to maturity and redemption of wealth management products | | **Inventories** | 453,663,506.87 | 324,392,309.23 | Increased business scale and higher inventory preparation | | **Long-term Equity Investments** | 134,405,863.18 | 58,699,703.96 | Increase in external investments | | **Intangible Assets** | 223,817,692.90 | 148,265,305.04 | Increase in capitalized R&D expenditures | | **Contract Liabilities** | 99,709,007.90 | 18,586,409.48 | Increase in advance payments from customers for projects | [Analysis of Investment Status](index=36&type=section&id=投资状况分析) During the reporting period, the company actively pursued strategic investments, including acquiring a significant stake in a Japanese listed company and increasing its investment in an associated new energy vehicle technology firm - Through its wholly-owned subsidiary ART Japan, the company invested **RMB 16.4 million** to acquire a **33.04%** stake in Japanese listed company YAMATO, becoming its largest shareholder, aiming to expand into international markets[506](index=506&type=chunk) - The company increased its capital contribution by **RMB 50 million** to its associated company, Shenzhen Gecko New Energy Vehicle Technology Co., Ltd., raising its stake to **12.75%**, to deepen its presence in the new energy vehicle sector[506](index=506&type=chunk)[384](index=384&type=chunk) - Raised funds were utilized as planned, with multiple projects, including the "Advanced Industrialization R&D Project," progressing, though some experienced slight delays due to supply chain and external environmental factors[517](index=517&type=chunk)[529](index=529&type=chunk) [Outlook on Company's Future Development](index=48&type=section&id=公司未来发展的展望) The company's future strategy focuses on three key directions: global expansion through "technology + supply chain," cost reduction through high-value products, and digital transformation via new technologies, while actively managing market and talent risks - Core future development strategies: 1. Empowering Chinese and international clients with a "technology + supply chain" model to expand overseas markets; 2. Launching more cost-effective products to promote industry cost reduction and efficiency improvement; 3. Investing in new technologies to drive automotive digital and intelligent transformation[106](index=106&type=chunk)[540](index=540&type=chunk)[541](index=541&type=chunk) - 2023 Operating Plan: Increase market promotion efforts, seize opportunities in the booming hybrid market to enhance core component market share, and maintain high R&D investment to ensure technological leadership[542](index=542&type=chunk)[565](index=565&type=chunk)[566](index=566&type=chunk) - The company faces key risks including automotive industry policy and market fluctuations, intensifying market competition, talent loss, and risks related to technology leakage and R&D falling short of expectations[545](index=545&type=chunk)[132](index=132&type=chunk)[567](index=567&type=chunk)[134](index=134&type=chunk)[135](index=135&type=chunk) [Corporate Governance](index=53&type=section&id=第四节%20公司治理) This section details the company's governance structure, internal controls, and compliance with relevant laws and regulations [Overview of Corporate Governance](index=53&type=section&id=公司治理概况) During the reporting period, the company continuously improved its corporate governance structure and internal control systems in strict compliance with relevant laws and regulations, maintaining independence from its controlling shareholder - The company's corporate governance status complies with regulations such as the "Guidelines for Corporate Governance of Listed Companies" and shows no significant discrepancies with laws, administrative regulations, or CSRC rules[138](index=138&type=chunk)[122](index=122&type=chunk) - The company maintains independence in its operations, personnel, assets, organization, and finance, possessing complete autonomous operating capabilities[141](index=141&type=chunk)[578](index=578&type=chunk)[599](index=599&type=chunk)[580](index=580&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=56&type=section&id=董事、监事、高级管理人员及员工情况) During the reporting period, the company experienced changes in its board, supervisory board, and senior management, while maintaining a stable and highly skilled workforce with a significant proportion of technical personnel - During the reporting period, several directors, supervisors, and the board secretary experienced changes in their appointments or departures[128](index=128&type=chunk)[167](index=167&type=chunk)[168](index=168&type=chunk) Employee Composition | Employee Category | Number (Persons) | Percentage | | :--- | :--- | :--- | | **Total Employees** | **2,160** | **100%** | | Technical Personnel | 1,690 | 78.24% | | Production Personnel | 210 | 9.72% | | Administrative Personnel | 196 | 9.07% | | Financial Personnel | 34 | 1.57% | | Sales Personnel | 30 | 1.39% | [Profit Distribution and Incentive Measures](index=70&type=section&id=利润分配及激励措施) For the 2022 fiscal year, the company decided against cash dividends, bonus shares, or capital reserve conversions, primarily due to substantial share repurchases treated as cash distributions, while continuing to advance equity incentive and employee stock ownership plans - The company's 2022 profit distribution proposal is a "three-no" policy, primarily considering the **RMB 199.55 million** used for share repurchases with self-owned funds during the year, which is treated as a cash dividend[220](index=220&type=chunk)[232](index=232&type=chunk) - The company completed the second tranche of its 2020 restricted stock incentive plan, with a total of **3,785,625 shares** vested[233](index=233&type=chunk)[234](index=234&type=chunk) - The company implemented its first employee stock ownership plan, involving **349 employees** holding **9,765,000 shares**, accounting for **1.95%** of the total share capital[250](index=250&type=chunk) [Internal Control](index=73&type=section&id=内部控制) During the reporting period, the company established and effectively implemented a sound internal control system in accordance with relevant regulations, with no significant internal control deficiencies identified - The company has largely established and effectively implemented a sound internal control system, with no significant internal control deficiencies identified during the reporting period[241](index=241&type=chunk) [Environmental and Social Responsibility](index=76&type=section&id=第五节%20环境和社会责任) This section outlines the company's commitment to environmental protection and its efforts in fulfilling social responsibilities towards stakeholders [Environmental and Social Responsibility Performance](index=76&type=section&id=环境与社会责任履行情况) The company is not a key polluting entity and actively fulfills its social responsibilities by protecting the rights of shareholders, employees, customers, and suppliers - The company and its subsidiaries are not classified as key polluting entities by environmental protection authorities and had no significant environmental issues during the reporting period[260](index=260&type=chunk)[247](index=247&type=chunk) - The company protects investor rights through compliant information disclosure and diverse communication channels; safeguards employee rights by adhering to labor laws and improving compensation, benefits, and training systems; and maintains customer and supplier rights by establishing a comprehensive quality management system[281](index=281&type=chunk)[282](index=282&type=chunk)[263](index=263&type=chunk) [Significant Matters](index=78&type=section&id=第六节%20重要事项) This section details the company's fulfillment of commitments, significant related-party transactions, and major contracts or other important events during the reporting period [Fulfillment of Commitments](index=78&type=section&id=承诺事项履行情况) During the reporting period, the company and relevant parties strictly fulfilled their commitments made during initial public offerings or refinancing, with no breaches observed - The company's actual controllers, shareholders, and related parties strictly fulfilled or are currently fulfilling various commitments during the reporting period, including share lock-up, reduction, avoidance of horizontal competition, and share price stabilization[267](index=267&type=chunk) [Significant Related-Party Transactions](index=106&type=section&id=重大关联交易) During the reporting period, the company engaged in routine related-party transactions totaling approximately **RMB 38.05 million**, primarily for automotive design services and energy/building procurement, all within annual estimated limits Related-Party Transactions (RMB) | Related Party | Type of Related Transaction | Content of Related Transaction | Amount (RMB million) | | :--- | :--- | :--- | :--- | | ASTEC | Acceptance of Services | Automotive Design Services | 7.414 | | ART Enterprise Management | Acceptance of Services | Building Services | 13.9167 | | ART Enterprise Management | Purchase of Goods | Energy Supply | 3.0661 | | ART Digital Technology | Acceptance of Services | Automotive Design Services | 12.5226 | - The company, along with Chairman Xuan Qiwu, jointly invested in establishing Gecko Technology and increased its capital, aiming to strategically position itself in the new energy vehicle sector[384](index=384&type=chunk) - The company obtained comprehensive credit lines from multiple banks, with actual controllers Mr. Xuan Qiwu and Ms. Liu Jian providing gratuitous personal joint and several liability guarantees[366](index=366&type=chunk)[400](index=400&type=chunk)[368](index=368&type=chunk) [Significant Contracts and Other Major Matters](index=110&type=section&id=重大合同及其他重大事项) During the reporting period, the company signed several significant contracts, including a DHT transmission assembly supply agreement with SAIC-GM-Wuling and vehicle development services for international brands, alongside strategic cooperation agreements with CATL and Gecko Technology - The DHT transmission assembly supply contract with SAIC-GM-Wuling is being fulfilled normally, with **RMB 65.29 million** in sales revenue recognized in the current period[454](index=454&type=chunk) - A contract for new energy vehicle-related entrusted business worth **RMB 453 million** was signed with an international automotive brand manufacturer, with **RMB 155 million** in revenue recognized in the current period[454](index=454&type=chunk) - Strategic cooperation framework agreements were signed with CATL and Gecko Technology to collaborate on skateboard chassis, new energy vehicle business, and battery swap services[1158](index=1158&type=chunk) [Share Changes and Shareholder Information](index=116&type=section&id=第七节%20股份变动及股东情况) This section details changes in the company's share capital and provides an overview of its shareholder structure during the reporting period [Share Changes](index=116&type=section&id=股份变动情况) During the reporting period, the company's total share capital increased from **332 million** shares to **501 million** shares, primarily due to a capital reserve to share capital transfer and the vesting of equity incentives - The company's total share capital increased from **331,754,472 shares** at the beginning of the year to **501,417,333 shares** at the end of the year[1198](index=1198&type=chunk) - The main reasons for the share increase were: 1. Capital reserve transfer to share capital of **165,877,236 shares**; 2. New shares from equity incentive vesting totaling **3,785,625 shares**[1200](index=1200&type=chunk)[1201](index=1201&type=chunk) [Shareholder Information](index=120&type=section&id=股东情况) As of the end of 2022, the company had **22,062** common shareholders, with ART (Beijing) Investment Consulting Co., Ltd. as the controlling shareholder and Xuan Qiwu and Liu Jian as the actual controllers Top Ten Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | ART (Beijing) Investment Consulting Co., Ltd. | 13.48% | 67,579,530 | | Jiaxing Junwen Yinbao Investment Partnership (Limited Partnership) | 4.64% | 23,289,157 | | Jiangsu Yueda Investment Co., Ltd. | 2.74% | 13,763,651 | | Lin Ling | 2.67% | 13,375,500 | | ART Automotive Technology Co., Ltd. - First Employee Stock Ownership Plan | 1.95% | 9,765,000 | - The company's controlling shareholder is ART (Beijing) Investment Consulting Co., Ltd., and the actual controllers are Mr. Xuan Qiwu and Ms. Liu Jian[1255](index=1255&type=chunk)[1258](index=1258&type=chunk) [Preferred Shares Information](index=125&type=section&id=第八节%20优先股相关情况) This section confirms the absence of preferred shares during the reporting period [Preferred Shares Status](index=125&type=section&id=优先股情况) The company had no preferred shares during the reporting period[1299](index=1299&type=chunk) [Bond Information](index=126&type=section&id=第九节%20债券相关情况) This section confirms the absence of bond-related matters during the reporting period [Bond Status](index=126&type=section&id=债券情况) The company had no bond-related matters during the reporting period[930](index=930&type=chunk) [Financial Report](index=127&type=section&id=第十节%20财务报告) This section presents the company's audited financial statements, including the audit report, detailed financial tables, and comprehensive notes to the financial statements [Audit Report](index=127&type=section&id=审计报告) Lixin Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2022 financial statements, confirming their fair presentation in accordance with accounting standards - The auditing firm is Lixin Certified Public Accountants, which issued a standard unqualified audit opinion[933](index=933&type=chunk) - A key audit matter was "Revenue Recognition from Contracts," due to its significance as a key performance indicator and the inherent risk of management manipulating revenue recognition timing[937](index=937&type=chunk)[940](index=940&type=chunk) [Financial Statements](index=130&type=section&id=财务报表) The financial statements provide a detailed overview of the company's financial position and performance for 2022, showing total assets of **RMB 3.34 billion** and net profit attributable to shareholders of **RMB 80.88 million** Consolidated Balance Sheet Key Items (RMB) | Item | 2022-12-31 | 2021-12-31 | | :--- | :--- | :--- | | **Total Assets** | **3,335,426,285.55** | **3,416,135,457.86** | | **Total Liabilities** | 818,681,560.80 | 676,869,799.40 | | **Total Equity Attributable to Parent Company Shareholders** | 2,426,564,491.28 | 2,516,786,264.00 | | **Total Shareholders' Equity** | 2,516,744,724.75 | 2,739,265,658.46 | Consolidated Income Statement Key Items (RMB) | Item | 2022 Annual | 2021 Annual | | :--- | :--- | :--- | | **I. Total Operating Revenue** | **947,136,760.38** | **1,272,277,551.86** | | **II. Total Operating Costs** | 852,827,951.36 | 1,064,619,328.50 | | **III. Operating Profit** | 88,230,160.39 | 215,221,198.50 | | **IV. Total Profit** | 88,708,214.14 | 213,717,151.59 | | **V. Net Profit** | 65,636,581.53 | 197,792,249.05 | | **Net Profit Attributable to Parent Company Shareholders** | 80,875,393.83 | 205,360,226.29 | Consolidated Cash Flow Statement Key Items (RMB) | Item | 2022 Annual | 2021 Annual | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | 47,721,800.31 | 182,052,014.30 | | **Net Cash Flow from Investing Activities** | 115,402,219.60 | -327,963,838.47 | | **Net Cash Flow from Financing Activities** | -170,877,398.68 | 725,306,356.89 | | **Net Increase in Cash and Cash Equivalents** | -7,440,298.09 | 578,302,035.93 | | **Cash and Cash Equivalents at End of Period** | 708,137,268.40 | 715,577,566.49 | [Notes to Financial Statements](index=153&type=section&id=财务报表附注) The notes to the financial statements provide detailed explanations of the company's accounting policies, estimates, and significant items, ensuring transparency and compliance with accounting standards - Revenue Recognition Policy: The company recognizes revenue when customers obtain control of related goods or services; for service contracts performed over a period (e.g., automotive design), revenue is recognized based on performance progress, while for goods sales, it's recognized at the point of control transfer[995](index=995&type=chunk)[1011](index=1011&type=chunk) - R&D Expenditure Accounting Policy: Internal R&D project expenditures are divided into research and development phases; research phase expenditures are expensed, while development phase expenditures are capitalized upon meeting five conditions, including technical feasibility[883](index=883&type=chunk)[884](index=884&type=chunk)[887](index=887&type=chunk) - Tax Incentives: The company and several subsidiaries are recognized as high-tech enterprises, enjoying a **15%** corporate income tax preferential rate during the reporting period[1054](index=1054&type=chunk)[1060](index=1060&type=chunk)[1061](index=1061&type=chunk)

证券代码：300825 证券简称：阿尔特 阿尔特汽车技术股份有限公司 投资者关系活动记录表 编号：2021-003 | --- | --- | --- | --- | --- | |---------------------------|--------------------|---------------------------|----------------------------------------------------|--------------------------------------------------------| | | | | | | | | 特定对象调研 | | □ 分析师会议 | | | 投资者关系活 | □ 媒体采访 | | □ 业绩说明会 | | | 动类别 | □ 新闻发布会 | | □ 路演活动 | | | | □ 现场参观 | | □ 其他 | | | | 中信证券 | 王诗宸 | 中信证券 | 梁勤之 | | | 安信基金 | 冯雪岩 | 太平洋证券 | 樊夏沛 | | 参与单位名称 | 嘉实基金 | 曲盛伟 | 沣京资本 | 陈华良 | | 及人员姓名 ...

证券代码：300825 证券简称：阿尔特 阿尔特汽车技术股份有限公司 投资者关系活动记录表 编号：2021-004 | --- | --- | --- | --- | --- | |----------------|------------------------------------------------------|----------------------------------|-----------|-------| | | | | | | | | 特定对象调研 | □ 分析师会议 | | | | 投资者关系活动 | □ 媒体采访 □ | □ 业绩说明会 □ | | | | 类别 | 新闻发布会 □ | 路演活动 □ | | | | | 现场参观 | 其他 | | | | | 国泰君安 赵水平 | 博时基金 刘 阳 | | | | | 渤海证券 郑连声 | 邦信资产 李若辰 | | | | | 国海证券 石金漫 | 丰源正鑫 郑志文 | | | | 参与单位名称及 | 国海证券 多飞舟 | 兴途投资 禾 凤 | | | | 人员姓名 | 东兴证券 李晶晶 | 兴途投资 李 雪 | | | | ...

证券代码：300825 证券简称：阿尔特 阿尔特汽车技术股份有限公司 投资者关系活动记录表 编号：2021-005 | --- | --- | --- | --- | |----------------|----------------------------------|--------------------------------------------------------|--------------------| | | 特定对象调研 | □ 分析师会议 | | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | | 类别 | □ 新闻发布会 | □ 路演活动 | | | | □ 现场参观 | □ 其他 | | | 参与单位名称 | 中信证券 平安基金 | 嘉实基金 招商信诺 | | | 时间 | 2021 年 7 月 15 日 | | | | 地点 | 北京市大兴区双羊路 8 | 号 阿尔特会议室 | | | 上市公司接待人 | 副总经理、董事会秘书 | 林玲女士 | | | 员姓名 | 证券事务代表 何娜女士 | | | | | 业务模式等情况。 | 一、由证券事务代表何娜女士 ...