证券代码：301023 证券简称：江南奕帆 公告编号：2023-065 无锡江南奕帆电力传动科技股份有限公司 第四届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、 董事会会议召开情况 无锡江南奕帆电力传动科技股份有限公司（以下简称"公司"）第四届董事 会第六次会议于 2023 年 8 月 16 日在公司会议室以现场结合通讯的方式召开。会 议通知已于 2023 年 8 月 4 日通过电子邮件向全体董事发出。本会议由公司董事 长刘锦成先生主持，会议应出席董事 9 人，实际出席董事 9 人，全体公司高级管 理人员和全体监事列席了会议。本次会议的召集、召开及表决程序符合《公司法》 等相关法律法规及《公司章程》的有关规定，会议决议合法、有效。 二、 董事会会议审议情况 经与会董事认真审议，形成以下决议： （一）审议通过《关于<2023 年半年度报告>及其摘要的议案》 公司根据相关法律法规及《公司章程》的有关规定，结合自身经营情况，编 制完成了《2023 年半年度报告》及其摘要。 具体内容详见公司同日披露于巨潮资讯网（http://www. ...

中信建投证券股份有限公司 关于无锡江南奕帆电力传动科技股份有限公司 使用部分闲置募集资金及自有资金进行现金管理的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐机构"） 作为无锡江南奕帆电力传动科技股份有限公司（以下简称"江南奕帆"、"公 司"）首次公开发行股票并在创业板上市的保荐机构，根据《证券发行上市保荐 业务管理办法》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的 监管要求（2022 年修订）》《深圳证券交易所创业板股票上市规则（2023 年修订）》 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等有关法律法规和规范性文件的要求，对江南奕帆拟使用部分暂时闲置募集资金 及自有资金进行现金管理事项进行了审慎核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意无锡江南奕帆电力传动科技股份有限 公司首次公开发行股票注册的批复》（证监许可[2021]1867 号）同意，公司首次 公开发行人民币普通股（A 股）股票 9,333,500 股，每股面值为人民币 1 元，发 行价为每股人民币 58.31 元，募集资金总额为人民币 5 ...

证券代码： 301023 证券简称：江南奕帆 无锡江南奕帆电力传动科技股份有限公司 投资者关系活动记录表 编号：2023-003 | --- | --- | --- | |----------------|--------------------------------|-------------------------| | 投资者关系活动 | 特定对象调研 | 分析师会议 | | 类别 | □ 媒体采访 □ | | | | □ 新闻发布会 □ | | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 横华国际证券 张颖飞 | 投研会 李赞 | | 人员姓名 | 广州富途投研科技 | 益和源资产 王心 陈冠宇 | | | 上海山海皆可平资产管理有限公司 | 李兵 | | | 个人投资者 吴耀東 | 伟康 陈其伟 魏炜 张铁军 | | 时间 | 2023 年 7 月 4 日 ( | 2:00-4:00 | | 地点 | 公司会议室 | | | 上市公司接待人 | 1、总经理、董事：刘松艳 | | | 员姓名 | 1 | | | | 2、副总经理、董事：孙定坤 | | 1、目前子公 ...

证券代码：301023 证券简称：江南奕帆 无锡江南奕帆电力传动科技股份有限公司 投资者关系活动记录表 编号：2023 -003 | 投资者关系活动类别 | ☐特定对象调研 | ☐分析师会议 | | --- | --- | --- | | | ☐媒体采访 | 业绩说明会 | | | ☐新闻发布会 | ☐路演活动 | | | ☐现场参观 | | | | ☐其他（请文字说明其他活动内容） | | | 参与单位名称及人员姓名 | 线上参与公司2022年度业绩说明的全体投资者 | | | 时间 | 2023年05月22日 15:00-17:00 | | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 董事长 刘锦成先生 | | | | 董事兼总经理 刘松艳先生 | | | 上市公司接待人员姓名 | 董事兼副总经理 孙定坤先生 | | | | 独立董事 王建辉先生 | | | | 财务总监兼董事会秘书、副总经理 唐颖彦女士 | | | 1 .请问公司的减持计划进行的如何?此计划是否会对公司造成 | | | --- | --- | | 哪些影响? | | | 投资者关系活动主要内容 ...

证券代码：301023 证券简称：江南奕帆 公告编号：2023-036 无锡江南奕帆电力传动科技股份有限公司 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、完整，没有虚 假记载、误导性陈述或重大遗漏 无锡江南奕帆电力传动科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日在巨潮资讯网上披露了《2022 年年度报告》及《2022 年年度报告摘 要》。为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况， 公司定于 2023 年 5 月 22 日（星期一）15:00-17:00 在"价值在线"（www.ir- online.cn）举行无锡江南奕帆电力传动科技股份有限公司 2022 年度业绩说明会， 与投资者进行沟通和交流，广泛听取投资者的意见和建议。 一、业绩说明会召开的时间、地点和方式 会议召开时间：2023 年 5 月 22 日（星期一）15:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 董事长 刘锦成先生，董事兼总经理 刘松艳先生，董事兼副总经理 孙定坤 先生， ...

Dividend Distribution - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, based on a total of 56,000,250 shares[3]. - The company plans to distribute a cash dividend of RMB 5 per 10 shares, totaling RMB 18,666,750, and will increase its total share capital to 56,000,250 shares through a capital reserve conversion[158]. - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 16,800,075.00, based on a total share capital of 56,000,250 shares[159]. - The cash dividend distribution plan for the year includes a total cash dividend of RMB 39,200,175.00, which represents 100% of the distributable profit of RMB 302,150,306.97[161]. Financial Performance - The company's operating revenue for 2022 was ¥183,186,667.37, a decrease of 11.26% compared to ¥206,426,143.60 in 2021[25]. - Net profit attributable to shareholders for 2022 was ¥79,782,137.49, an increase of 21.75% from ¥65,528,004.43 in 2021[25]. - The net profit after deducting non-recurring gains and losses was ¥71,446,107.05, up 20.89% from ¥59,098,969.63 in the previous year[25]. - The net cash flow from operating activities was ¥60,601,128.77, down 16.00% from ¥72,144,427.30 in 2021[25]. - Basic earnings per share for 2022 were ¥1.42, a 3.65% increase from ¥1.37 in 2021[25]. - Total assets at the end of 2022 were ¥932,434,941.69, an increase of 3.09% from ¥904,445,174.92 at the end of 2021[25]. - Net assets attributable to shareholders at the end of 2022 were ¥851,815,595.53, up 5.49% from ¥807,500,283.04 at the end of 2021[25]. - The company reported a net profit margin of 5.743% for the year 2022[130]. - The gross margin for the main business was 45.64% in 2022, although it showed a downward trend due to raw material price fluctuations and exchange rate volatility[102]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report, indicating potential operational risks and corresponding countermeasures[3]. - The company has established a risk control mechanism for its forward foreign exchange transactions, ensuring compliance with internal evaluation and regulatory requirements[87]. - The company emphasizes the importance of training personnel to understand financial derivative product contracts to minimize legal and operational risks[87]. - Future risks include potential declines in gross profit margin due to increased market competition and raw material price hikes[103]. - The company aims to strengthen supply chain management and diversify raw material procurement to control cost fluctuations effectively[103]. Corporate Governance - The financial report assures that all board members attended the meeting to review the report, ensuring accountability and transparency[3]. - The company reported a significant improvement in its governance structure, aligning with regulatory requirements and enhancing operational transparency[110]. - The company has established four specialized committees: Strategic Committee, Nomination Committee, Audit Committee, and Compensation and Assessment Committee, ensuring governance and oversight[115]. - The company adheres to information disclosure obligations, ensuring timely, accurate, and fair communication with shareholders through designated media[118]. - The company has implemented strict operational procedures and authorization management for its forward foreign exchange trading activities[87]. Research and Development - The company is focusing on the development of intelligent control systems to enhance safety and comfort in the RV industry, which is expected to recover as tourism normalizes[37]. - The company is committed to enhancing its innovation system to support the transformation and upgrading of the reduction gear industry[35]. - The company has completed the development of a compact hub motor with a high transmission ratio, aimed at optimizing the product structure of the intelligent micro-motor industry[67]. - The company is developing a new type of planetary reducer motor aimed at achieving a high reduction ratio and compact structure, which is expected to enhance market demand for the product[66]. - The company’s R&D investment in 2022 amounted to ¥9,858,291.34, representing 5.38% of total operating revenue, an increase from 4.77% in 2021[70]. Market Outlook - The high-voltage switch manufacturing industry is expected to grow at a compound annual growth rate (CAGR) of over 8% in the next five years, with the market size projected to exceed 550 billion by 2024[36]. - The semiconductor industry in China achieved a sales revenue of 4,763.5 billion in the first half of 2022, reflecting a year-on-year growth of 16.1%[39]. - The photovoltaic industry in China added 8,743 million kilowatts of new installed capacity in 2022, accounting for 32.28% of the global total[38]. - The company anticipates increased demand for automation and precision in the procurement of photovoltaic tracking support motors due to the growth in the solar energy sector[38]. - The projected compound annual growth rate for China's photovoltaic component capacity from 2021 to 2025 is nearly 24%, indicating a promising outlook for the company's projects[69]. Shareholder Relations - The company ensured equal treatment of all shareholders during general meetings, facilitating their participation and rights[111]. - The company has committed to social responsibility by donating approximately one million yuan to community welfare foundations and local schools[172]. - The company has not engaged in speculative derivative investments during the reporting period, focusing solely on hedging activities[88]. - The company will take measures to disclose specific reasons for failing to fulfill commitments in a timely and adequate manner[195]. - The company guarantees to strictly adhere to the commitments disclosed in the prospectus for the issuance and listing[196]. Environmental Responsibility - The company has not reported any significant environmental issues or social responsibility failures during the reporting period[7]. - The company faced administrative penalties totaling 140,000 yuan for environmental violations, which have since been rectified[171]. - The company has taken measures to strengthen environmental compliance and enhance operational control[171]. - There were no major environmental issues reported, and the company is not classified as a key pollutant discharge unit[171]. Employee Management - The company has implemented a performance-based salary system, focusing on rewarding high-performing employees and aligning compensation with company performance[155]. - The company has established a comprehensive training program to enhance employee skills and ensure alignment with strategic development goals[156]. - The company emphasizes the importance of employee training and development to meet long-term professional talent needs[156]. - The company’s workforce includes 4 employees with master's degrees, 22 with bachelor's degrees, and 52 with associate degrees[154]. Strategic Initiatives - The company has outlined its future development outlook, which includes strategies for market expansion and potential mergers and acquisitions[6]. - The company plans to expand into new market segments and develop new products to mitigate the impact of declining export sales[52]. - The company is focused on capital reserve conversion to increase share capital, reflecting a strategy for shareholder value enhancement[128]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[185]. - A strategic acquisition of a local competitor is anticipated to enhance the company's market position and is expected to be completed by Q3 2023[184].

Financial Performance - The company's revenue for Q1 2023 was ¥38,620,812.57, a decrease of 3.93% compared to ¥40,199,303.09 in the same period last year[5] - Net profit attributable to shareholders was ¥14,358,094.78, down 29.37% from ¥20,329,407.96 year-on-year[5] - Basic and diluted earnings per share were both ¥0.26, representing a decrease of 51.85% from ¥0.54 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 38,620,812.57, a decrease of 3.9% from CNY 40,199,303.09 in Q1 2022[20] - Net profit for Q1 2023 was CNY 14,174,458.49, a decline of 30.3% compared to CNY 20,329,407.96 in Q1 2022[21] - Earnings per share for Q1 2023 was CNY 0.26, down from CNY 0.54 in the same period last year[22] Cash Flow - The net cash flow from operating activities was -¥6,114,692.03, a decline of 150.43% compared to ¥12,124,144.87 in the previous year[5] - The company’s cash flow from operating activities showed a significant change, reflecting ongoing adjustments in financial strategy[22] - The net cash flow from operating activities was -6,114,692.03, a decrease from 12,124,144.87 in the previous period, indicating a significant decline in operational performance[23] - Cash inflow from investment activities totaled 499,123,729.14, compared to 124,147,602.30 in the prior period, showing a substantial increase in investment receipts[24] - The net cash flow from investment activities was -90,864,599.77, worsening from -72,155,698.02 in the previous period, reflecting increased cash outflows for investments[24] - Cash inflow from financing activities was 3,000,000.00, with cash outflow totaling 3,336,444.50, resulting in a net cash flow of -336,444.50[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥938,695,493.43, an increase of 0.67% from ¥932,434,941.69 at the end of the previous year[5] - Total liabilities decreased to CNY 73,587,101.76 in Q1 2023 from CNY 81,164,564.01 in Q1 2022, a reduction of 9.8%[19] - Non-current assets totaled CNY 138,251,316.40, an increase of 12.5% from CNY 122,830,638.28 in the previous year[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,010[12] - Liu Jincheng holds 41.36% of shares, totaling 23,160,000 shares, with 8,190,000 shares pledged[12] - The total number of restricted shares at the end of the period is 32,168,057 shares[14] Investment and Subsidies - The company reported a significant decrease in investment income, down 88.24% to ¥311,267.86, attributed to fair value changes of financial assets and liabilities[10] - The company received government subsidies amounting to ¥114,000.01 during the reporting period, which are closely related to its main business operations[6] Operational Efficiency - The company’s accounts receivable stand at RMB 74,478,209.59, slightly up from RMB 74,026,658.32[17] - The number of receivables increased by 49.97% to ¥7,153,351.52, primarily due to an increase in commercial acceptance bills[9] - Contract liabilities surged by 369.67% to ¥3,468,336.54, mainly due to an increase in advance payments[9] - Research and development expenses for Q1 2023 were CNY 1,706,625.35, a slight decrease from CNY 1,759,621.72 in the previous year[20] - Cash received from sales of goods and services was 43,286,345.84, a decrease from 52,806,190.45 in the previous period, reflecting lower sales performance[23] - Cash paid for employee compensation was 14,953,738.11, down from 16,572,408.96, indicating cost-cutting measures in personnel expenses[23]

Group 1: Company Overview - Jiangnan Yifan focuses on two main product categories: energy storage reduction motors and RV reduction motors, with sales proportions of approximately 60% and 30% respectively [2] - The average price of reduction motors is around $30-40, while the average price for energy storage reduction motors is approximately 200 RMB [2] Group 2: Profitability and Management - The company enjoys relatively high gross margins due to a flat management structure, high employee efficiency, and lower management costs compared to industry peers [2] - High customer loyalty and a good industry reputation contribute to the company's profitability, with some new clients actively seeking collaboration [2] Group 3: Market Trends and Future Development - The development of energy storage reduction motors is expected to be stable, while the RV reduction motor market will depend on economic conditions and demand in Europe and the US [3] - The solar cleaning robot technology has advanced significantly, and future development is anticipated to be stable and positive [3] Group 4: Product Supply and Demand - The current procurement model for solar robots and photovoltaic rotating brackets is based on demand, with approximately 90,000 motors needed for a 2.7 GW power generation capacity [3] - The company is actively communicating with target customers to explore the photovoltaic robot market, which is seen as a new beginning for domestic market growth [3] Group 5: Corporate Structure and Strategy - Since its listing, Jiangnan Yifan has been expanding its internal team and promoting departmental collaboration, with a mature professional team already in place [4] - The company is focused on core areas such as energy storage reduction motors, RV reduction motors, and solar motors, while also increasing investment in R&D and sales to expand the upstream and downstream supply chain [4]

Financial Performance - The company's revenue for Q3 2022 was ¥46,218,811.70, a decrease of 11.91% compared to the same period last year[5] - Net profit attributable to shareholders was ¥18,198,531.55, an increase of 20.13% year-on-year[5] - The net profit after deducting non-recurring gains and losses reached ¥22,021,775.76, up 57.29% from the previous year[5] - Total operating revenue for Q3 2022 was CNY 138,650,177.62, a decrease of 6.15% compared to CNY 147,567,649.49 in Q3 2021[21] - Net profit for Q3 2022 reached CNY 64,504,164.38, an increase of 41.73% compared to CNY 45,518,397.52 in Q3 2021[23] - The total comprehensive income for Q3 2022 was CNY 64,504,164.38, compared to CNY 45,518,397.52 in Q3 2021, marking an increase of 41.73%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥915,749,866.94, reflecting a 1.25% increase from the end of the previous year[5] - The company reported a total asset of 915,749,866.94 yuan as of September 30, 2022, an increase from 904,445,174.92 yuan at the beginning of the year[18] - The company’s non-current assets increased to 99,501,296.26 yuan from 88,105,613.18 yuan[18] - The company’s total liabilities decreased to CNY 79,212,244.52 from CNY 96,944,891.88, indicating a reduction of 18.41%[22] - The company’s total liabilities decreased by 51.20% in accounts payable, reflecting reduced supplier payments[10] - The total liabilities include accounts payable of 33,394,427.01 yuan, down from 37,337,470.81 yuan[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,433[12] - Liu Jincheng holds 41.36% of shares, totaling 23,160,000 shares[12] - The company has a total of 42,000,000 shares with lock-up restrictions, of which 18,840,000 are tradable[15] Cash Flow - Cash flow from operating activities for the year-to-date was ¥49,961,970.48, an increase of 11.33% compared to the same period last year[5] - The net cash flow from operating activities for Q3 2022 was ¥49,961,970.48, an increase from ¥44,877,887.86 in Q3 2021, representing a growth of approximately 4.8%[25] - The total cash inflow from investment activities was ¥1,156,853,137.21, significantly higher than ¥159,122,484.45 in the same period last year[25] - The net cash flow from investment activities was -¥323,474,440.08, compared to -¥125,764,017.35 in Q3 2021, indicating a deeper cash outflow[25] - The net cash flow from financing activities was -¥35,466,825.00, a decrease from a positive cash flow of ¥479,805,150.59 in Q3 2021[25] - The company reported a total cash outflow from operating activities of ¥115,133,564.00, compared to ¥103,502,464.55 in the previous year, reflecting an increase of approximately 11.8%[25] Investment and Income - The company reported a significant increase in investment income of 415.31%, totaling ¥6,665,421.62, primarily due to increased financial investment returns[10] - The company reported an investment income of CNY 6,665,421.62, significantly higher than CNY 1,293,484.43 in the same period last year[22] - The company received government subsidies amounting to ¥414,000.01 during the reporting period, contributing to its financial performance[6] Future Outlook - The company’s future outlook includes plans for product development and market expansion, although specific figures are not provided in the documents[16]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥92,431,365.92, a decrease of 2.81% compared to ¥95,100,322.01 in the same period last year[18]. - Net profit attributable to shareholders increased by 53.32% to ¥46,563,108.69 from ¥30,369,235.61 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥38,045,753.56, up 33.33% from ¥28,534,804.56 in the previous year[18]. - The net cash flow from operating activities rose by 52.20% to ¥32,452,050.22 compared to ¥21,321,457.31 in the same period last year[18]. - Basic earnings per share increased by 53.70% to ¥0.83 from ¥0.54 in the same period last year[18]. - The gross profit margin was 45.00%, down 2.29% compared to the previous year[53]. - The company achieved a revenue of 92.43 million yuan, a year-on-year decrease of 2.81% due to rising raw material prices and the impact of the pandemic[44]. - The company reported a total revenue of 7,711.4 million CNY for the first half of 2022, with a net profit margin of 7.63%[83]. - The company’s net profit for the first half of 2022 was CNY 46,602,671.83, an increase of 53.6% compared to CNY 30,369,235.61 in the same period of 2021[177]. Cash Flow and Investments - The company reported a significant increase in financial expenses, with a decrease of 1485.73% due to exchange gains and increased interest income[54]. - The company's cash and cash equivalents decreased by 313.53% to -203.92 million yuan, primarily due to investment activities[56]. - The company has utilized RMB 30 million of temporarily idle raised funds for cash management, with an unexpired balance of RMB 26.15 million as of June 30, 2022[78]. - The company reported a cash outflow from financing activities of CNY 18,666,750.00, compared to CNY -721,166.75 in the same period last year, indicating a significant increase in cash outflow[181]. - The total cash inflow from investment activities was CNY 275,265,232.75, compared to CNY 159,121,264.45 in the previous year, indicating a year-over-year increase of about 73.0%[181]. - The net cash flow from investment activities was negative at CNY -219,371,248.30, a significant decline from a positive CNY 76,222,389.74 in the first half of 2021[181]. Assets and Liabilities - Total assets at the end of the reporting period were ¥906,081,331.66, a slight increase of 0.18% from ¥904,445,174.92 at the end of the previous year[18]. - The company's total liabilities decreased from CNY 96,944,891.88 at the beginning of the year to CNY 70,717,059.78 by June 30, 2022, indicating a reduction of approximately 27%[165]. - The total equity attributable to the parent company increased from CNY 807,500,283.04 to CNY 835,396,641.73, reflecting a growth of about 3.5%[165]. - The company's inventory decreased from CNY 22,059,307.15 to CNY 20,023,016.04, a reduction of approximately 9.2%[163]. - The total assets of the company at the end of the reporting period were reported at 835,436,204.87 CNY, showing a robust asset position[191]. Shareholder Information - The company plans to distribute a cash dividend of ¥3.00 per 10 shares to all shareholders, based on a total of 56,000,250 shares[3]. - The cash dividend for the reporting period was RMB 3.00 per share, totaling RMB 16,800,075, reflecting a commitment to shareholder returns[101]. - The total cash dividend distributed amounts to CNY 16,800,075.00, with a distribution ratio of 100% of the profit allocation[102]. - The total number of shares increased by 18,666,750 shares due to the capital reserve conversion, with 14,000,000 shares being converted from capital reserves[140]. - As of the end of the reporting period, the total number of ordinary shareholders was 8,261, with the largest shareholder, Liu Jincheng, holding 41.36% of the shares[149]. Business Operations and Strategy - The company specializes in the research, development, manufacturing, and sales of customized micro-reduction motors, with a product range that includes energy storage reduction motors and solar energy rotary drive motors[25]. - The company employs an "order-based procurement" model to ensure timely supply of materials while maintaining a reasonable inventory turnover rate[34]. - The production model is based on "sales-driven production," allowing for dynamic adjustments to production plans based on customer demand[36]. - The company has established long-term stable partnerships with major clients, including Siemens and Schneider Electric, and has a product specification range of nearly 3,000 types[25]. - The company is developing linear actuator motors in collaboration with RV accessory companies, focusing on low noise and multi-rod synchronous control capabilities[45]. Risk Management - The company is focused on addressing operational risks and has outlined measures in the report to mitigate these risks[3]. - The company has established a risk control system for its foreign exchange operations, focusing on market, liquidity, operational, and legal risks[84]. - The company plans to enhance its risk management strategies by closely monitoring international trade policies and adjusting market strategies accordingly[91]. - The company has identified risks related to international trade policies and is actively working to enhance its competitive edge and risk resilience[89]. Research and Development - The company has established a strong technical team with extensive experience in continuous innovation and product development, enhancing customer trust and dependency on its products[38]. - Research and development expenses amounted to 4.15 million yuan, a decrease of 14.24% year-on-year[54]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[186]. - The company is committed to ongoing research and development to drive innovation and improve operational efficiency[191]. Compliance and Governance - There were no significant environmental penalties or issues reported during the period[106]. - The company has not engaged in any entrusted loans during the reporting period, reflecting a conservative financial strategy[85]. - The company has not reported any overdue amounts or impairment provisions related to its entrusted financial management[81]. - The financial statements were approved for release by the company's board on August 5, 2022[196].