Financial Performance - The company's revenue for Q1 2023 was ¥778,126,632.85, representing a 9.37% increase compared to ¥711,465,076.56 in the same period last year[5] - Net profit attributable to shareholders decreased by 75.95% to ¥1,675,379.08 from ¥6,965,654.46 year-on-year[5] - The net profit margin for Q1 2023 was significantly impacted, with a net profit of ¥1,568,085.98, a decrease of 77.49% compared to the previous year[12] - Total operating revenue for Q1 2023 was CNY 778,126,632.85, an increase of 9.34% compared to CNY 711,465,076.56 in Q1 2022[24] - Net profit for Q1 2023 was CNY 1,568,085.98, a decrease of 77.54% compared to CNY 6,965,654.46 in Q1 2022[25] - The total comprehensive income for the first quarter of 2023 was CNY 1,568,085.98, a significant decrease from CNY 6,965,654.46 in the same period last year[26] - Basic and diluted earnings per share for the first quarter were CNY 0.0069, down from CNY 0.0289 year-over-year[26] Cash Flow and Liquidity - The net cash flow from operating activities improved by 51.71%, reaching -¥63,844,173.50 compared to -¥132,221,715.10 in the previous year[14] - Cash flow from operating activities showed a net outflow of CNY 63,844,173.50, an improvement compared to a net outflow of CNY 132,221,715.10 in the previous year[29] - Cash inflow from operating activities totaled CNY 546,266,041.13, while cash outflow was CNY 610,110,214.63, resulting in a negative cash flow[28] - The company reported cash and cash equivalents at the end of the period amounting to CNY 459,883,677.35, down from CNY 234,948,827.42 year-over-year[29] - The company reported a cash balance of ¥636,937,520.14 at the end of the period, down from ¥695,559,072.74 at the beginning of the year[20] Assets and Liabilities - Total assets increased by 13.85% to ¥2,731,315,950.04 from ¥2,399,106,994.92 at the end of the previous year[5] - Total liabilities rose to CNY 1,650,592,219.35 in Q1 2023, compared to CNY 1,319,865,148.37 in Q1 2022, marking an increase of 25.05%[22] - The company's inventory increased to CNY 420,200,809.96 in Q1 2023 from CNY 389,118,771.65 in Q1 2022, reflecting an increase of 7.99%[22] - The company reported a significant increase in accounts payable, which reached CNY 763,260,369.23 in Q1 2023, compared to CNY 586,234,445.03 in Q1 2022, an increase of 30.16%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,483[16] - The largest shareholder, Juxing Holdings Group, holds 21.15% of shares, totaling 51,000,000 shares[16] - The second-largest shareholder, Qiu Jianping, owns 20.74%, equating to 50,000,000 shares[16] - The top ten shareholders do not have any known relationships or concerted actions among them[16] - The company has a significant portion of its shares held by individual shareholders, with the top three holding over 59% combined[16] Operational Metrics - Accounts receivable surged by 273.73% to ¥619,681,909.56, primarily due to a relaxed credit policy for downstream customers[10] - The company reported a significant increase in prepayments, which rose by 206.75% to ¥15,942,985.60, attributed to higher advance payments for materials[10] - The trading financial assets rose to ¥60,000,000.00 from ¥30,000,000.00, indicating a 100% increase[20] - Research and development expenses for Q1 2023 were CNY 16,913,562.86, down 27.36% from CNY 23,296,489.80 in Q1 2022[25] Financial Expenses and Gains - The financial expenses decreased by 91.43% to -¥228,163.13, mainly due to reduced exchange gains[12] - The company recorded a 99.73% decline in asset disposal gains, down to ¥31,860.93 from ¥11,844,536.00 in the previous year[12] Audit and Reporting - The first quarter report was not audited[30]

Financial Performance - The company's operating revenue for 2022 was ¥2,094,257,280.19, a decrease of 15.64% compared to ¥2,482,527,353.49 in 2021[18]. - The net profit attributable to shareholders for 2022 was ¥22,171,840.61, down 72.15% from ¥79,612,979.86 in the previous year[18]. - Basic earnings per share decreased by 76.92% to ¥0.09 in 2022, compared to ¥0.39 in 2021[18]. - Total assets at the end of 2022 were ¥2,399,106,994.92, a decline of 3.47% from ¥2,485,448,982.35 in 2021[18]. - The company's net assets attributable to shareholders slightly decreased by 0.16% to ¥1,071,891,846.55 at the end of 2022[18]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was ¥8,754,193.94, down 85.09% from ¥58,714,893.57 in 2021[18]. - The weighted average return on net assets for 2022 was 2.07%, a decrease of 6.84% from 8.91% in 2021[18]. - The company achieved total operating revenue of CNY 209,425.73 million, a decrease of 15.64% year-on-year[35]. - Operating profit was CNY 1,448.41 million, down 81.55% compared to the previous year[35]. - Net profit attributable to shareholders was CNY 2,217.18 million, a decline of 72.15% year-on-year[35]. Cash Flow and Investments - The net cash flow from operating activities improved to ¥212,546,242.70, a significant increase of 170.63% from a negative cash flow of ¥300,929,345.05 in 2021[18]. - The net cash flow from operating activities was CNY -132,221,715.10, a decline from CNY 154,168,293.11 in the previous year[21]. - Investment cash inflow increased by 149.44% to ¥119,431,542.30, while investment cash outflow decreased by 67.17% to ¥38,377,395.46, resulting in a net cash flow of ¥81,054,146.84[59]. - The net cash flow from financing activities decreased by 143.06% to -¥110,014,505.89, primarily due to reduced cash inflow from investments and increased cash outflow for debt repayment[61]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥183,585,883.65, compared to a decrease of ¥114,458,250.39 in 2021, reflecting a 260.40% improvement[61]. Market Position and Sales - The company ranked first in sales and market share for internal combustion engines in the engineering machinery sector in 2022[29]. - Diesel engine sales volume decreased by 19.5% to 243,600 units, while production volume fell by 22.89% to 236,400 units[41]. - The revenue from diesel engines and parts accounted for 99.58% of total revenue, amounting to ¥2,085,378,470.5, down 15.51% year-on-year[45]. - Domestic sales contributed ¥2,082,554,878.1, representing 99.44% of total revenue, with a year-on-year decline of 15.76%[45]. - The company maintains a strong market position, ranking first in the multi-cylinder diesel engine segment for non-road applications[40]. Research and Development - The company has established a comprehensive R&D structure and is committed to innovation in diesel engine technology[38]. - The company’s R&D investment in 2022 amounted to ¥77,228,527.88, representing 3.69% of total revenue, an increase from 3.41% in 2021[57]. - The company is developing multiple projects aimed at meeting stringent emission standards, including the 4G24PLPG dual-fuel engine and the 3B11Y41 non-four Euro V diesel engine[56]. - The company has committed to invest in the upgrade of its R&D center, with an investment of 7,061 million yuan planned for 2023[77]. Strategic Initiatives and Future Outlook - The company aims to enhance its competitive advantage by improving production efficiency and reducing unit production costs[40]. - In 2023, the company plans to enhance market share in agricultural machinery and construction machinery while focusing on new product development and international market expansion[85]. - The company is committed to improving the quality of its new diesel engines, aiming to reduce repair rates and quality costs while ensuring compliance with international standards[85]. - The company faces risks from the rapid development of new energy technologies that may impact the sales of its diesel engines, particularly in the forklift market[87]. - The company has established a clear plan for future investments and operational strategies to support its growth objectives[138]. Governance and Compliance - The company emphasizes the protection of stakeholders' rights and social responsibility, promoting balanced interests among shareholders, employees, and society[96]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information dissemination to investors[97]. - The company has established a comprehensive internal control system to ensure compliance, asset security, and the integrity of financial reporting[136]. - The company has a fully independent financial department with no interference from the controlling shareholder in financial activities[99]. - The company has established a governance structure that is deemed relatively complete and operates in compliance with regulations, ensuring the protection of investors' interests[142]. Employee and Management - The total number of employees at the end of the reporting period is 1,496, with 948 in production, 56 in sales, 185 in technology, 20 in finance, and 287 in administration[128]. - The employee compensation system includes basic salary, performance pay, and various allowances, aimed at aligning employee interests with company goals[130]. - The company emphasizes employee training and development, providing various training opportunities to enhance skills and competencies[131]. - The company has established a comprehensive performance evaluation system linking employee income to work performance[95]. Shareholder Information - The company distributed a cash dividend of RMB 0.2 per 10 shares, totaling RMB 4,822,668 (including tax) based on a total share capital of 241,133,400 shares[135]. - The cash dividend accounted for 100% of the total profit distribution amount, with a distributable profit of RMB 252,590,285.62[134]. - The company has a total of 4,000,000 shares held by Ding Shaopeng, which represents 1.66% of the total shares[199]. - Major shareholder Giant Star Group holds 21.15% of the shares, while individual shareholder Qiu Jianping holds 20.74%[199].

证券代码：301032 证券简称：新柴股份 公告编号：2023-15 浙江新柴股份有限公司 关于举办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。 重要内容提示： 浙江新柴股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日在巨潮 资讯网上披露了《2022 年年度报告全文》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 05 月 10 日（星期三）15:00-17:00 在"价值在线"（www.ir-online.cn）举办 浙江新柴股份有限公司 2022 年度业绩说明会，与投资者进行沟通和交流，广泛 会议召开时间：2023 年 05 月 10 日（星期三）15:00-17:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会议问题征集： 投资者可于 2023 年 05 月 10 日 前访问网址 https://eseb.cn/13hsek1wq2c 或使用微信扫描下方小程序码进行会前提 问，公司将 ...

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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 浙江新柴股份有限公司 2022 年第三季度报告 证券代码：301032 证券简称：新柴股份 公告编号：2022-45 3.第三季度报告是否经过审计 浙江新柴股份有限公司 2022 年第三季度报告 1 浙江新柴股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 456,049,483.49 | -4.97% | 1,616,524,585 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,160,475,102, a decrease of 21.50% compared to ¥1,478,256,335 in the same period last year[21]. - The net profit attributable to shareholders was ¥11,566,142.99, down 72.17% from ¥41,552,635.85 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was -¥969,922.90, a decline of 102.54% compared to ¥38,129,805.43 in the same period last year[21]. - Basic and diluted earnings per share were both ¥0.05, down 78.26% from ¥0.23 in the previous year[21]. - Operating revenue decreased by 21.50% to ¥1,160,475,102 compared to ¥1,478,256,335 in the same period last year, primarily due to a decline in diesel engine sales[40]. - Operating costs fell by 19.60% to ¥1,053,974,784, reflecting the decrease in operating revenue[40]. - The gross margin for diesel engines was 8.23%, down from the previous year, with revenue from this segment decreasing by 23.86%[43]. - The company reported a significant reduction in accounts receivable financing, which fell to ¥376,808,107.75 from ¥660,108,277.27, a decrease of approximately 42.9%[139]. - The total comprehensive income for the period was 2.9 million yuan, reflecting a decrease of 12.12% compared to the previous period[160]. Cash Flow and Investments - The net cash flow from operating activities improved to ¥21,946,578.01, compared to -¥150,618,649.81 in the previous year, marking a 114.57% increase[21]. - The net increase in cash and cash equivalents was ¥11,169,511.64, a significant recovery from a decrease of ¥231,004,349.59 in the previous year[41]. - The company reported a net cash flow from investing activities of ¥54,552,080.65 in the first half of 2022, compared to a net outflow of ¥76,591,139.68 in the first half of 2021, indicating a positive turnaround[155]. - The total cash outflow from investing activities decreased to ¥58,967,348.44 in the first half of 2022, down from ¥77,617,536.86 in the first half of 2021, reflecting a reduction of approximately 24.00%[155]. - The company received ¥75,000,000.00 from investment recoveries in the first half of 2022, with no such cash inflow reported in the first half of 2021[156]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,538,175,979.23, an increase of 2.12% from ¥2,485,448,982.35 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.15% to ¥1,061,286,051.67 from ¥1,073,591,715.69 at the end of the previous year[21]. - Total liabilities increased to ¥1,476,889,927.56 from ¥1,411,857,266.66, reflecting a rise of approximately 4.6%[141]. - The company's total equity decreased to ¥1,061,286,051.67 from ¥1,073,591,715.69, reflecting a decline of approximately 1.1%[141]. - Current assets increased to ¥1,881,163,638.52 as of June 30, 2022, up from ¥1,798,398,259.71 at the beginning of the year, representing a growth of approximately 4.6%[139]. Research and Development - Research and development investment increased by 16.71% to ¥48,369,713.85, indicating a focus on innovation despite overall revenue decline[40]. - The company has a robust research and development structure, collaborating with external technical teams and universities to strengthen new product development capabilities[34]. - The company has initiated research and development for new products, aiming to enhance market competitiveness[163]. - A focus on technological innovation and talent development is planned, including the establishment of a new R&D center to enhance product and technology leadership[74]. Market Position and Strategy - The company is positioned in the first tier of the non-road multi-cylinder diesel engine market and holds the top market share in the engineering machinery multi-cylinder diesel engine segment[38]. - The company plans to expand production capacity for key components of diesel engines, aiming to produce 300,000 sets annually, enhancing product quality and stability[74]. - The company aims to strengthen market development by deepening existing customer relationships and exploring new markets, including overseas expansion[75]. - The company has established strategic partnerships with suppliers and customers, focusing on fair and compliant trading principles[88]. Corporate Governance and Compliance - The company has strengthened its corporate governance structure to ensure shareholders' rights, including information disclosure and fair treatment of all shareholders[87]. - The company has not faced any significant legal disputes or administrative penalties during the reporting period[97]. - The company has committed to employee rights protection, ensuring compliance with labor laws and providing social insurance[87]. - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[93]. Environmental and Social Responsibility - The company emphasizes environmental protection and has implemented effective wastewater and waste gas treatment measures during the reporting period[89]. - The company has maintained a good operational status of its environmental protection facilities, with regular monitoring and management of emissions[89]. Shareholder Information - The company has not distributed cash dividends or issued new shares from capital reserves in the reporting period[82]. - The total number of common shareholders at the end of the reporting period is 15,748[126]. - The largest shareholder, Juxing Holdings Group, holds 21.15% of shares, totaling 51,000,000 shares[126]. - The company’s shareholding structure shows that 76.29% of shares are under restricted conditions, while 23.71% are unrestricted[121]. Financial Reporting and Compliance - The financial report for the first half of 2022 has not been audited[137]. - The financial report is prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2022[180]. - The company has maintained its ability to continue as a going concern for at least 12 months following the reporting period[178].

Financial Performance - The company's operating revenue for Q1 2022 was ¥711,465,076.56, a decrease of 11.16% compared to ¥800,807,390.06 in the same period last year[4] - Net profit attributable to shareholders was ¥6,965,654.46, down 53.23% from ¥14,893,191.28 year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥3,050,013.84, representing a decline of 124.28% compared to ¥12,562,541.45 in the previous year[4] - Basic earnings per share decreased by 62.50% to ¥0.03 from ¥0.08 in the same period last year[5] - The company's operating profit for Q1 2022 was CNY 5,293,440.36, down from CNY 14,649,291.96 in Q1 2021, reflecting a decline of 63.9%[24] - The company reported a net profit margin of approximately 1.9% for Q1 2022, down from the previous year's margin[22] - The total comprehensive income for Q1 2022 was CNY 6,965,654.46, a decrease of 53.2% from CNY 14,893,191.28 in Q1 2021[25] Cash Flow and Liquidity - The net cash flow from operating activities improved by 42.65%, reaching -¥132,221,715.10, compared to -¥230,558,585.88 in the previous year[4] - Total cash inflow from operating activities was CNY 588,969,874.17, compared to CNY 428,874,905.35 in the previous year, representing an increase of 37.3%[27] - Cash outflow from operating activities amounted to CNY 721,191,589.27, up from CNY 659,433,491.23, indicating a rise of 9.4%[27] - The net cash flow from operating activities was negative at CNY -132,221,715.10, an improvement from CNY -230,558,585.88 in Q1 2021[27] - The company generated a net cash flow from investing activities of CNY 29,881,080.85, a significant recovery from CNY -56,624,067.56 in the previous year[28] - Cash and cash equivalents at the end of the period were CNY 369,944,980.60, down 16.3% from CNY 442,154,884.01 at the beginning of the year[18] - The total cash and cash equivalents at the end of Q1 2022 were CNY 234,948,827.42, compared to CNY 201,188,072.03 at the end of Q1 2021, showing an increase of 16.8%[29] - The company reported a foreign exchange impact on cash and cash equivalents of CNY 12,844.43 during the quarter[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,608,311,048.27, an increase of 4.94% from ¥2,485,448,982.35 at the end of the previous year[5] - Total assets as of the end of Q1 2022 amounted to CNY 2,608,311,048.27, an increase from CNY 2,485,448,982.35 at the beginning of the year[21] - Total liabilities increased to CNY 1,527,732,619.17, up from CNY 1,411,857,266.66 at the start of the year, reflecting a growth of 8.2%[21] - The company's total equity at the end of Q1 2022 was CNY 1,080,578,429.10, slightly up from CNY 1,073,591,715.69 at the beginning of the year[21] Research and Development - The decline in net profit was attributed to increased R&D expenses and rising raw material costs[10] - Research and development expenses increased to CNY 23,296,489.80, representing a rise of 17.5% compared to CNY 19,804,402.55 in the previous year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,029[12] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.03, down from CNY 0.08 in the same quarter last year[25] Future Outlook - The company plans to continue investing in new product development and market expansion strategies in the upcoming quarters[22]

Financial Performance - The company's operating revenue for 2021 was CNY 2,482,527,353.49, representing a 0.88% increase compared to CNY 2,460,987,155.50 in 2020[19] - The net profit attributable to shareholders for 2021 was CNY 79,612,979.86, a decrease of 15.02% from CNY 93,685,073.27 in the previous year[19] - The net cash flow from operating activities was negative CNY 300,929,345.05, a decline of 170.85% compared to CNY 424,737,059.12 in 2020[19] - Basic earnings per share for 2021 were CNY 0.39, down 25.00% from CNY 0.52 in 2020[19] - The total assets at the end of 2021 were CNY 2,485,448,982.35, a decrease of 3.36% from CNY 2,571,898,692.81 at the end of 2020[19] - The net assets attributable to shareholders increased by 42.43% to CNY 1,073,591,715.69 from CNY 753,791,577.46 in 2020[19] - The company reported a weighted average return on equity of 8.91% for 2021, down from 13.25% in 2020[19] - The company achieved a gross margin of 11.25% for the internal combustion engine sector, which is a decrease of 1.40% compared to the previous year[43] - The company reported a total profit margin with no significant defects in financial reporting, indicating a robust internal control system[134] Revenue Sources - The revenue from diesel engines and related parts accounted for 99.43% of total operating revenue, amounting to approximately ¥2.47 billion, with a year-on-year increase of 0.77%[40] - The company reported a revenue of 7,096 million yuan from the sale of diesel engines, with a gross margin of 36.79%[157] Research and Development - The company has a dedicated R&D institution that collaborates with external technical teams and universities to enhance product development capabilities[34] - Research and development expenses increased by 9.02% to ¥84,737,921.15 compared to the previous year[50] - The number of R&D personnel rose by 19.23% to 186, with R&D personnel now accounting for 11.47% of the total workforce[52] - The company is committed to enhancing its R&D capabilities and product innovation through the upgrade of its R&D center[84] - The company has maintained a strong focus on R&D, increasing its investment in technology and innovation to enhance product performance and meet diverse customer needs[37] Market Position and Strategy - The company has a strong market position, ranking first in the multi-cylinder diesel engine segment for construction machinery, indicating a clear competitive advantage[36] - The company anticipates favorable market opportunities due to ongoing infrastructure investments and agricultural policy support[33] - The company plans to upgrade its production line to meet the national IV emission standards, positioning itself competitively in the high-end market[84] - The company will continue to strengthen cooperation with existing customers while exploring new markets, including overseas and new application fields like marine[85] Governance and Compliance - The company has a transparent information disclosure system, ensuring all investors have equal access to information[92] - The company has implemented strict governance structures to protect the rights of minority shareholders[89] - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and finance[93] - The company has independent financial management, with no interference from the controlling shareholder in financial activities[94] - The company has established a comprehensive governance structure, ensuring compliance with laws and regulations, and enhancing operational standards[135] Employee and Management Structure - The total number of employees at the end of the reporting period is 1,622, with 1,081 in production, 54 in sales, 186 in technology, 19 in finance, and 282 in administration[122][123] - The company emphasizes a performance-based compensation system that includes basic salary, allowances, overtime pay, bonuses, and various benefits[124][125] - The company has established a multi-layered incentive mechanism to attract and retain talented management and technical personnel[90] - The current management team includes 5 directors and 3 supervisors, with no changes in personnel during the reporting period[98] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue increase of 10% to 1.32 billion yuan[110] - The company plans to invest in the construction of a production facility for 300,000 sets of key components for green smart engines[80] - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[111] Environmental and Social Responsibility - The company has implemented effective waste and emissions management systems, demonstrating its commitment to environmental protection[139] - The company emphasizes employee rights protection, adhering to labor laws and providing comprehensive social insurance for employees[139] - There were no major environmental penalties reported during the period, reflecting the company's commitment to environmental compliance[138] Audit and Financial Integrity - Zhejiang Xinchai Co., Ltd. received a standard unqualified audit opinion for its 2021 financial statements[197] - The audit report was signed on April 26, 2022, by Lixin Certified Public Accountants[197] - The financial statements fairly reflect the company's financial position as of December 31, 2021, and its operating results for the year 2021[199]

Financial Performance - The company's operating revenue for Q3 2021 was ¥479,909,223.13, a decrease of 26.28% compared to the same period last year[4] - The net profit attributable to shareholders was ¥10,749,359.28, down 55.14% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥6,864,657.98, a decline of 62.14% compared to the previous year[4] - The basic earnings per share decreased by 61.54% to ¥0.05[5] - Net profit for Q3 2021 was ¥52,301,995.13, a decrease of 17.5% from ¥63,383,691.80 in Q3 2020[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,550,164,395.94, a decrease of 0.85% from the end of the previous year[5] - The company's total assets as of September 30, 2021, amounted to ¥2,550,164,395.94, slightly down from ¥2,571,898,692.81 at the end of 2020[16] - Current liabilities decreased to ¥1,446,507,179.36 in Q3 2021 from ¥1,765,003,477.71 in Q3 2020, a reduction of 16.0%[17] - The company's total liabilities decreased to ¥1,503,865,468.77 in Q3 2021 from ¥1,818,107,115.35 in Q3 2020, a decline of 17.3%[17] Shareholder Information - The company reported a total of 30,539 common shareholders at the end of the reporting period[12] - The top three shareholders held a combined 59.47% of the shares, with the largest shareholder holding 21.15%[12] - The equity attributable to shareholders increased by 38.80% to ¥1,046,298,927.17 due to new share issuance[10] - The equity attributable to the parent company increased to ¥1,046,298,927.17 in Q3 2021, compared to ¥753,791,577.46 in Q3 2020, reflecting a growth of 38.9%[17] Cash Flow - The net cash flow from operating activities showed a significant decline of 3,261.26% to -¥462,248,276.44, primarily due to increased cash payments for materials[10] - Cash inflow from operating activities totaled CNY 1,999,444,093.30, an increase of 59.00% compared to CNY 1,257,790,496.47 in the previous period[22] - The net cash flow from operating activities was negative at CNY -462,248,276.44, contrasting with a positive cash flow of CNY 14,622,297.34 in the same period last year[24] - Cash outflow from investing activities was CNY 90,188,984.77, significantly lower than CNY 852,905,649.80 in the previous period, indicating a reduction in investment spending[24] - The net cash flow from financing activities was CNY 215,740,187.87, compared to a negative cash flow of CNY -13,037,054.21 in the previous period, showing improved financing conditions[24] - The total cash and cash equivalents at the end of the period were CNY 176,361,334.37, up from CNY 130,636,775.62 in the previous year, reflecting a year-over-year increase of approximately 35%[25] Expenses and Costs - The company experienced increased R&D expenses and rising raw material prices, impacting profitability[9] - Total operating costs for Q3 2021 were ¥1,901,186,666.22, up from ¥1,702,841,845.60 in the same period last year, reflecting a growth of 11.6%[19] - Research and development expenses rose to ¥64,717,146.93 in Q3 2021, up from ¥39,699,098.29 in Q3 2020, marking a significant increase of 62.9%[19] Tax and Compliance - The company reported a decrease in tax payments, with CNY 17,974,563.99 paid this period compared to CNY 41,943,873.02 in the previous period, indicating a reduction of approximately 57.1%[24] - The company did not adjust the initial balance sheet items for the new leasing standards, indicating compliance without the need for adjustments[26] - The third quarter report was not audited, which may affect the reliability of the financial data presented[26]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,478,256,335, representing a 30.98% increase compared to ¥1,128,617,400.95 in the same period last year[22]. - The net profit attributable to shareholders was ¥41,552,635.85, a 5.41% increase from ¥39,421,536.87 in the previous year[22]. - The company's revenue for the reporting period reached ¥1,478,256,335, a 30.98% increase compared to ¥1,128,617,400.95 in the previous year, primarily driven by increased sales of diesel engines[39]. - The operating costs rose to ¥1,310,930,728.31, reflecting a 32.30% increase from ¥990,874,305.38, attributed to higher sales volumes of diesel engines[39]. - The company's operating income for diesel engines reached ¥1,381,515,677, with a gross margin of 10.69%, reflecting a year-on-year decrease of 0.92%[42]. - The company reported a gross margin of 14.24% for parts, with operating income of ¥89,806,067.18, down 1.86% year-on-year[42]. - The company reported a total sales amount of 70.63 million yuan for diesel products, with a pricing principle of 3.73% above market price[87]. - The company reported a decrease in total profit to ¥42,435,555.07, down from ¥44,362,040.36 in the same period last year[132]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥150,618,649.81, a significant decline of 676.04% compared to ¥26,147,406.64 in the same period last year[22]. - The total cash flow from operating activities decreased significantly, resulting in a net cash increase of -¥231,004,349.59, a decline of 13,780.74% compared to the previous period[40]. - The company's investment activities generated a net cash flow of -¥76,591,139.68, primarily due to increased cash payments for purchasing financial products[40]. - The total cash outflow from investing activities was CNY 77,507,763.80, a substantial decrease from CNY 706,306,041.76 in the previous year, resulting in a net cash flow from investing activities of CNY -76,481,366.62[141]. - The cash inflow from operating activities was primarily driven by sales revenue of CNY 1,228,749,806.38, which increased from CNY 876,106,824.52 year-on-year[139]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,634,621,546.32, reflecting a 2.44% increase from ¥2,571,898,692.81 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 5.51% to ¥795,316,511.04 from ¥753,791,577.46 at the end of the previous year[22]. - The company's total assets included cash and cash equivalents of ¥477,494,317, which accounted for 18.12% of total assets, down from 25.53% at the end of the previous year[47]. - Total liabilities stood at CNY 1,839,305,035.28, slightly up from CNY 1,818,107,115.35, indicating a marginal increase of about 1.2%[120]. - The company's current assets totaled CNY 1,961,058,722.39, compared to CNY 1,900,973,832.20 at the end of 2020, reflecting a growth of approximately 3.2%[119]. Research and Development - Research and development expenses increased by 60.00% to ¥41,444,831.39 from ¥25,903,030.95, due to delayed investments in the previous year caused by the pandemic[39]. - The company has developed multiple models that meet the National IV emission standards, including the 3E22YG51, and several models that comply with Euro V standards[32]. - The company plans to enhance its innovation capabilities and product development to align with national emission standards and market demands[61][64]. Market Position and Strategy - The company holds the largest market share in the engineering machinery diesel engine sector, with a strong focus on non-road diesel engines, benefiting from long-term partnerships with major manufacturers[36]. - The company is positioned to benefit from the growth of downstream industries, such as construction and agriculture, supported by national policies and infrastructure investments[32]. - The company emphasizes social responsibility, focusing on energy conservation, emission reduction, and employee satisfaction[78]. Risks and Challenges - The company faces risks from the rapid development of new energy technologies, particularly in the forklift sector, which could impact sales of traditional diesel engines[60][61]. - The gross margin of the company's main products is under pressure due to market competition and customer demands for price reductions[61]. - The implementation of stricter emission standards for non-road diesel engines poses a risk if the company cannot optimize production processes and upgrade technology[64]. - The company is at risk of intensified industry competition, particularly in the non-road diesel engine sector, necessitating enhanced product competitiveness and market expansion efforts[63]. Corporate Governance and Compliance - There were no changes in the company's board of directors or senior management during the reporting period[69]. - The company has no administrative penalties related to environmental issues during the reporting period[78]. - There are no significant litigation or arbitration matters reported for the company during the reporting period[86]. - The semi-annual financial report for the company has not been audited[83]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37, with no changes in shareholding structure[105]. - The largest shareholder, Juxing Holdings, holds 28.20% of the shares, amounting to 51 million shares[105]. - The second-largest shareholder, Qiu Jianping, holds 27.65% of the shares, totaling 50 million shares[105]. - The third-largest shareholder, Zhu Xianwei, holds 23.44% of the shares, which is 42.4 million shares[105].