经核实，公司前期所披露的信息不存在需要更正、补充之处；公司未发现近期公共媒体报道了可能或者 已经对公司股票交易价格产生较大影响的未公开重大信息；公司目前经营情况正常，内外部经营环境未 发生重大变化；公司、公司控股股东和实际控制人不存在关于公司应披露而未披露的重大事项，或处于 筹划阶段的重大事项；公司控股股东、实际控制人在公司股票交易异常波动期间不存在买卖公司股票的 情形。 财联社1月8日电，绿联科技公告，公司股票于2025年1月7日、2025年1月8日连续二个交易日收盘价格涨 幅偏离值累计达到30%以上，属于股票交易异常波动的情况。 ...

证券简称：绿联科技 证券代码：301606 深圳市绿联科技股份有限公司 投资者关系活动记录表 编号：2024-007 | --- | --- | --- | --- | --- | |-------------------------|-----------------------------------------------------|-----------------------------------------------------------------------------------------|---------------------------------------|----------------------------| | | | | | | | | 特定对象调研 媒体采访 | 分析师会议 业绩说明会 | | | | 投资者关系活 | 新闻发布会 | 路演活动 | | | | 动类别 | 现场参观 | | | | | | 其他 | | | | | | 富国基金赵宗俊、富国基金杨勇胜 | | 、富国基金刘莉莉、富国基金武明戈、 | | | 参与单位名称 及人员姓名 | 富国基 ...

证券简称：绿联科技 证券代码：301606 深圳市绿联科技股份有限公司 投资者关系活动记录表 编号：2024-006 | --- | --- | --- | |--------------|--------------------------------------------|------------------------------------------------------------------| | | 特定对象调研 | 分析师会议 | | | 媒体采访 | 业绩说明会 | | 投资者关系活 | 新闻发布会 | 路演活动 | | 动类别 | 现场参观 | | | | 其他 | | | | | 南方基金范佳瓅、长城基金杨建华、长城基金尹宁、信达澳亚齐兴方、 | | 参与单位名称 | | 信达澳亚冯明远、鹏华基金陈凯睿、鹏华基金王心璐、景顺长城鲍无可、 | | 及人员姓名 | 景顺长城王开展、景顺长城刘煜 | | | 时间 | 2024 年 11 月 12 日 | | | 地点 | 深圳 | | | 形式 | 现场 | | | 上市公司接待 | 董事会秘书兼财务负责人：王立珍 | | | 人员姓名 ...

证券简称：绿联科技 证券代码：301606 深圳市绿联科技股份有限公司 投资者关系活动记录表 编号：2024-005 | --- | --- | --- | --- | |---------------------|--------------------------------------------------------------------|------------|--------------------| | | 特定对象调研 | 分析师会议 | | | | | 业绩说明会 | | | 投资者关系活 | | 路演活动 | | | 动类别 | | | | | | | | | | 参与单位名称 | 中信建投刘乐文、摩根基金李婧、金鼎资本黄春海、民生证券徐皓亮 | | | | 及人员姓名 | | | | | | | | | | 时间 | 7 日 | | | | 地点 | | | | | 形式 上市公司接待 | 现场及网络会议 董事会秘书兼财务负责人：王立珍 | | | | 人员姓名 | 证券事务代表：申利群 | | | | | 问答交流（同类问题已作汇总整理，近期已回复问题不再重复） | | | | ...

编号：2024-004 特定对象调研 分析师会议 媒体采访 业绩说明会 投资者关系活 新闻发布会 路演活动 动类别 现场参观 其他 证券简称：绿联科技 证券代码：301606 深圳市绿联科技股份有限公司 投资者关系活动记录表 | --- | --- | |--------------|-------------------------------------------------------------------------------| | | | | 参与单位名称 | 南方基金李想、宝盈基金容志能、鹏华基金陈璇淼、银华基金王卓立、 | | 及人员姓名 | 银华基金郭磊、招商证券岳重洋、招商证券涂锟山 | | 时间 | 2024 年 11 月 6 日 | | 地点 | 公司会议室 | | 形式 | 现场及网络会议 | | 上市公司接待 | 董事会秘书兼财务负责人：王立珍 | | 人员姓名 | 证券事务代表：申利群 | | | 问答交流（同类问题已作汇总整理，近期已回复问题不再重复） | | | Q1 、公司是否有计划拓展其他新品类？ | | | 答：公司目前对 NAS 品类投入了大量资源，并计划继续深耕 ...

证券简称：绿联科技 证券代码：301606 深圳市绿联科技股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | --- | --- | |-----------------------|----------------------------------------|-----------------------|----------------------------------------------------------------------|---------------------| | | 特定对象调研 | 分析师会议 | | | | | 媒体采访 | 业绩说明会 | | | | 投资者关系活 | 新闻发布会 | 路演活动 | | | | 动类别 | 现场参观 | | | | | | 其他 | | | | | 参与单位名称 | 详见附件清单 | | | | | 及人员姓名 | | | | | | 时间 | 2024 年 10 月 31 日 | | 9:30-12:00 | | | 地点 | 公司会议室、电话及网络会议 | | | | | 形式 | ...

证券简称：绿联科技 证券代码：301606 深圳市绿联科技股份有限公司 投资者关系活动记录表 编号：2024-002 | --- | --- | --- | --- | --- | |-----------------------|----------------------------------------|-----------------------|----------------------------------------------------------------------|---------------------| | | 特定对象调研 | 分析师会议 | | | | | 媒体采访 | 业绩说明会 | | | | 投资者关系活 | 新闻发布会 | 路演活动 | | | | 动类别 | 现场参观 | | | | | | 其他 | | | | | 参与单位名称 | 详见附件清单 | | | | | 及人员姓名 | | | | | | 时间 | 2024 年 10 月 30 日 | | 9:30-17:30 | | | 地点 | 公司会议室、电话及网络会议 | | | | | 形式 | ...

Financial Performance - Revenue for the third quarter reached 1.56 billion yuan, a year-on-year increase of 27.01%[3] - Net profit attributable to shareholders of the listed company was 114.84 million yuan, up 80.50% year-on-year[3] - Total operating revenue increased to 4,305,562,320.83 yuan, up 28.45% compared to the previous period's 3,351,519,330.62 yuan[17] - Operating profit rose to 353,334,360.67 yuan, a 24.42% increase from the previous period's 283,960,899.79 yuan[18] - Net profit grew to 320,170,769.70 yuan, up 25.89% from the previous period's 254,333,227.03 yuan[18] - Sales revenue from goods and services reached 4,819,608,357.79 yuan, a 32.39% increase from the previous period's 3,640,330,784.36 yuan[19] - Basic earnings per share increased to 0.8409 yuan, up 25.83% from the previous period's 0.6683 yuan[18] Cash Flow and Liquidity - Operating cash flow for the first nine months of 2024 was 450.44 million yuan, a significant increase of 366.36% compared to the same period last year[3] - Cash flow from operating activities surged to 450,438,092.52 yuan, a 366.23% increase from the previous period's 96,585,329.81 yuan[19] - Cash received from tax refunds grew to 140,621,609.62 yuan, a 52.34% increase from the previous period's 92,304,179.78 yuan[19] - Cash paid for employee compensation increased to 498,546,854.02 yuan, up 28.56% from the previous period's 387,825,913.60 yuan[19] - The net increase in cash and cash equivalents was negative RMB 8.03 million, an improvement from negative RMB 146.113 million in the previous period[20] - The ending balance of cash and cash equivalents was RMB 984.284 million, up from RMB 730.064 million in the previous period[20] Assets and Liabilities - Total assets as of September 30, 2024, were 3.60 billion yuan, an increase of 46.56% compared to the end of the previous year[3] - As of September 30, 2024, the company's total assets reached RMB 3,595.26293463 billion, a significant increase from RMB 2,453.15939348 billion at the beginning of the year[14][15] - The company's total liabilities as of September 30, 2024, were RMB 821.06701939 billion, compared to RMB 676.84370792 billion at the beginning of the year[15] - The company's total equity attributable to shareholders as of September 30, 2024, was RMB 2,746.1100114 billion, up from RMB 1,746.6275273 billion at the beginning of the year[16] - The company's cash and cash equivalents as of September 30, 2024, were RMB 984.28378904 million, slightly lower than RMB 992.31383468 million at the beginning of the year[14] - The company's inventory as of September 30, 2024, increased to RMB 1,087.99597515 billion from RMB 995.84950475 billion at the beginning of the year[14] - The company's accounts receivable as of September 30, 2024, decreased to RMB 118.86753347 billion from RMB 137.33708967 billion at the beginning of the year[14] - The company's total current assets as of September 30, 2024, were RMB 3,103.10553022 billion, up from RMB 2,251.09706923 billion at the beginning of the year[14] Expenses and Investments - R&D expenses increased by 41.80% to 218.28 million yuan, driven by expanded operations and increased employee incentives[6] - Sales expenses rose by 30.25% to 846.02 million yuan due to increased promotional activities and personnel investments[6] - R&D expenses increased to 218,280,014.47 yuan, up 41.81% from the previous period's 153,936,394.56 yuan[17] - Sales expenses rose to 846,016,863.08 yuan, a 30.25% increase from the previous period's 649,557,324.04 yuan[17] - Investment activities resulted in a net cash outflow of 1.09 billion yuan, mainly due to the purchase of financial products[7] - The company raised RMB 808.215 million from investment activities in the current period[20] Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 19,399[8] - Zhang Qingsen holds 45.27% of the shares, totaling 187,832,050 shares[8] - Chen Junling holds 17.36% of the shares, totaling 72,023,350 shares[8] - Shenzhen LvLian Management Consulting Partnership holds 12.82% of the shares, totaling 53,200,000 shares[8] - Zhuhai Gaoling Xiheng Equity Investment Partnership holds 8.44% of the shares, totaling 35,003,342 shares[8] - Shenzhen LvLian Heshun Management Consulting Partnership holds 4.22% of the shares, totaling 17,500,000 shares[8] - The total number of restricted shares at the end of the period is 383,701,519 shares[11] - Zhang Qingsen's restricted shares are 187,832,050, with the restriction set to be lifted on July 26, 2027[10] - Chen Junling's restricted shares are 72,023,350, with the restriction set to be lifted on July 26, 2025[10] - Shenzhen LvLian Management Consulting Partnership's restricted shares are 45,419,500, with the restriction set to be lifted on July 26, 2025[10] IPO and Financing Activities - The company successfully completed its initial public offering (IPO) with 41.5 million shares issued at a price of RMB 21.21 per share, raising a total of RMB 880.215 million in funds[12] - The net proceeds from the IPO after deducting issuance costs amounted to RMB 772.2361 million[12] - Financing activities generated a net cash inflow of 617.26 million yuan, largely from the proceeds of the public offering of new shares[7] - The net cash flow from financing activities was RMB 617.264 million, compared to a negative RMB 32.896 million in the previous period[20] Dividends and Capital Reserves - The company distributed a cash dividend of RMB 3.00 per share for the first half of 2024, totaling RMB 124.4729418 million, representing 60.15% of the net profit attributable to shareholders[13] - The company's capital reserve surged by 252.68% to 1.06 billion yuan, primarily due to the premium from the issuance of new shares[6] - The company paid RMB 124.473 million in dividends, profits, or interest payments, a significant increase from RMB 1.44 million in the previous period[20] Intangible Assets - The company's intangible assets increased by 48.72% to 8.12 million yuan, driven by the acquisition of new software[6]

证券简称：绿联科技 证券代码：301606 深圳市绿联科技股份有限公司 投资者关系活动记录表 编号：2024-001 | --- | --- | --- | --- | |-----------------------|-------------------------------------------------------------------------------------|------------|--------------------------------------| | | 特定对象调研 | 分析师会议 | | | | 媒体采访 | 业绩说明会 | | | 投资者关系活 | 新闻发布会 | 路演活动 | | | 动类别 | 现场参观 | | | | | 其他(请文字说明其他活动内容 | | ) | | 参与单位名称 | 详见附件 | | | | 及人员姓名 | | | | | 时间 | 2024 年 9 月 20 日 15:00-17:00 | | | | 地点 | 公司 7 栋 1 楼会议室 | | | | 形式 | 公司现场 + 线上"价值在线"平台相结合 | | | | 上市公 ...

Financial Performance - Revenue for the reporting period was RMB 2.743 billion, a 29.31% increase year-over-year [13] - Net profit attributable to shareholders was RMB 206.93 million, up 11.30% year-over-year [13] - Operating cash flow surged 69.83% to RMB 184.92 million [13] - Total revenue for the first half of 2024 was 2,743,006,754.94 yuan, a year-on-year increase of 29.31% [39] - Net profit for the first half of 2024 was 230,787,173.63 yuan, up 6.6% from 216,490,326.77 yuan in the first half of 2023 [103] - Revenue for the first half of 2024 reached 1.47 billion yuan, an increase of 18.5% compared to 1.24 billion yuan in the same period last year [105] - Net profit attributable to parent company shareholders in the first half of 2024 was 206.93 million yuan, up 11.3% from 185.93 million yuan in the same period last year [104] - Operating profit for the first half of 2024 was 298.87 million yuan, a substantial increase of 138.5% compared to 125.33 million yuan in the same period last year [105] - Investment income in the first half of 2024 was 179.76 million yuan, a dramatic increase compared to 2.52 million yuan in the same period last year [105] - Comprehensive income for the first half of 2024 was 294.89 million yuan, a significant increase compared to 116.42 million yuan in the same period last year [105] - Sales of goods and services received cash of RMB 3,038,214,231.95 in the first half of 2024, a 30.4% increase compared to RMB 2,329,161,786.28 in the same period of 2023 [106] - Net cash flow from operating activities increased to RMB 184,916,419.72 in the first half of 2024, up 69.8% from RMB 108,880,210.46 in the same period of 2023 [106] - Parent company's sales of goods and services received cash of RMB 1,569,764,248.64 in the first half of 2024, an 17.9% increase compared to RMB 1,331,525,143.41 in the same period of 2023 [108] - Parent company's net cash flow from operating activities decreased to RMB 6,977,113.47 in the first half of 2024, down 92.4% from RMB 92,247,137.64 in the same period of 2023 [108] - Total owner's equity increased by 225,836,865.31 yuan in the first half of 2024, reaching 2,002,152,550.87 yuan [110][112] - Comprehensive income for the first half of 2024 was 206,933,363.77 yuan, contributing to the increase in owner's equity [110] - Undistributed profits grew by 177,444,354.98 yuan, reflecting strong earnings performance [110] - Total owner's equity at the end of 2023 was 1,365,499,471.47 yuan, showing significant growth compared to the previous year [113] - Comprehensive income for the first half of 2023 was 185,930,147.84 yuan, contributing to the equity growth [113] - The company's total owner's equity at the end of the period was RMB 1,840,208,668.18, with a significant increase in undistributed profits of RMB 265,401,079.10 [118] - Comprehensive income for the period amounted to RMB 294,890,087.89, contributing to the overall increase in owner's equity [116] Product Sales and Revenue Breakdown - Charging product sales reached RMB 988.55 million, accounting for 36.04% of total revenue and growing 53.48% year-over-year [21] - Transmission product sales were RMB 796.59 million, contributing 29.04% of total revenue with a 20.83% year-over-year increase [22] - Audio and video product sales grew 9.72% to RMB 491.46 million, representing 17.92% of total revenue [25] - Mobile accessory sales increased 16.54% to RMB 235.60 million, making up 8.59% of total revenue [26] - Storage product sales reached 184.24 million yuan, a year-on-year increase of 34.73%, accounting for 6.72% of total revenue [27] - Charging products revenue increased by 53.48% to 988,551,176.56 yuan, with a gross margin of 37.85% [40] - Gross profit margin for consumer electronics was 38.42%, a slight decrease of 0.29% compared to the same period last year [40] - Overseas revenue grew by 44.43% to 1,515,721,721.96 yuan, accounting for 45.73% of total revenue [41] R&D and Innovation - R&D investment increased by 42.42% to 138.82 million yuan, with 24 patents granted and 1,392 patents under application [32] - The company has obtained 292 utility model patents and over 1,200 design patents [32] - R&D investment increased by 42.42% to 138,823,001.56 yuan, driven by expanded operations and increased employee incentives [39] - R&D expenses increased to 138,823,001.56 yuan, a 42.4% rise compared to 97,472,917.21 yuan in the first half of 2023 [103] - R&D expenses in the first half of 2024 were 122.78 million yuan, a significant increase of 46.8% compared to 83.63 million yuan in the same period last year [105] Market and Sales Channels - Domestic sales accounted for 44.69% of total revenue, while overseas sales accounted for 55.31% [36] - Sales in Europe increased by 43.90% to 503.52 million yuan, and sales in the Americas increased by 54.14% to 435.84 million yuan [36] - Sales in Southeast Asia increased by 64.23% to 271.06 million yuan [36] - The company's sales channels include major e-commerce platforms such as Amazon, JD.com, and Tmall, as well as offline channels like Sam's Club and Walmart [33] - Online sales accounted for 75.94% of total revenue, reaching 2,081,075,086.41 yuan, a year-on-year increase of 32.56% [38] - Amazon contributed 34.05% of online sales, with revenue of 93,317.74 thousand yuan, a year-on-year increase of 40.77% [37] - Offline sales accounted for 24.06% of total revenue, reaching 659,375,660.02 yuan, a year-on-year increase of 19.80% [38] Financial Position and Assets - Total assets grew 9.44% to RMB 2.685 billion compared to the end of the previous year [13] - Shareholders' equity increased 12.97% to RMB 1.973 billion compared to the end of the previous year [13] - Total assets increased to RMB 2,684,625,389.00, up 9.43% from the beginning of the period [96][97][98] - Current assets rose to RMB 2,481,880,041.89, a 10.25% increase compared to the start of the period [96] - Inventory grew to RMB 1,046,077,410.44, up 5.05% from the beginning of the period [96] - Accounts receivable increased to RMB 149,867,053.63, a 9.13% rise from the start of the period [96] - Total liabilities reached RMB 682,472,838.13, a slight increase of 0.83% from the beginning of the period [98] - Shareholders' equity grew to RMB 2,002,152,550.87, up 12.71% from the start of the period [98] - Undistributed profits increased to RMB 1,160,171,429.08, up 18.06% from the beginning of the period [98] - Cash and cash equivalents rose to RMB 1,142,209,894.71, a 15.11% increase from the start of the period [96] - Fixed assets increased to RMB 31,473,163.55, up 5.06% from the beginning of the period [97] - Intangible assets grew to RMB 6,615,819.18, a 21.21% increase from the start of the period [97] - Total assets increased to 2,121,578,994.60 yuan from 1,861,917,772.91 yuan, reflecting a growth of 13.9% [101] - Accounts receivable grew to 326,300,488.09 yuan, a 22.1% increase from 267,327,842.37 yuan at the beginning of the period [100] - Inventory increased to 474,938,458.25 yuan, up 12% from 424,196,966.64 yuan at the beginning of the period [100] - Total liabilities decreased to 281,370,326.42 yuan, down 16.3% from 336,217,545.32 yuan at the beginning of the period [101] - Shareholders' equity rose to 1,840,208,668.18 yuan, a 20.6% increase from 1,525,700,227.59 yuan at the beginning of the period [102] - The company's cash and cash equivalents balance at the end of the first half of 2024 was RMB 1,142,209,894.71, a 56.7% increase from RMB 728,895,992.82 at the end of the same period in 2023 [107] - Parent company's cash and cash equivalents balance at the end of the first half of 2024 was RMB 846,362,722.25, a 40.9% increase from RMB 600,522,181.80 at the end of the same period in 2023 [108] Dividends and Shareholder Information - The company plans to distribute a cash dividend of 3 yuan per 10 shares (tax included) based on a total of 414,909,806 shares [3] - The company proposed a cash dividend of RMB 3 per 10 shares for the first half of 2024, totaling RMB 124.47 million [63] - The company's stock code is 301606 and it is listed on the Shenzhen Stock Exchange [7] - The largest shareholder, Zhang Qingsen, holds 50.30% of the company's shares, totaling 187,832,050 shares [88] - The second-largest shareholder, Chen Junling, holds 19.29% of the company's shares, totaling 72,023,350 shares [88] - The company's third-largest shareholder is Shenzhen LvLian Management Consulting Partnership, holding 14.25% of the shares, totaling 53,200,000 shares [88] - Zhuhai Gaoling Xiheng Equity Investment Partnership holds 9.37% of the company's shares, totaling 35,003,342 shares [88] - Shenzhen LvLian Heshun Management Consulting Partnership holds 4.69% of the company's shares, totaling 17,500,000 shares [88] - Shenzhen Heshun No. 4 Management Consulting Partnership holds 0.46% of the company's shares, totaling 1,724,033 shares [88] - The company's total shares remained unchanged at 373,409,806 shares, with 100% being restricted shares [87] Risks and Challenges - The company faces risks from macroeconomic fluctuations, particularly due to ongoing trade frictions and protectionist policies, which could impact the global consumer electronics industry [55] - Increased competition in the consumer electronics market poses a risk to the company's market share and profitability [56] - Rapid business growth has led to increased operational and management risks, requiring improved internal controls and strategic planning [57] - Inventory management risks are rising due to the need for larger stockpiles to meet market demand, potentially impacting cash flow [58] - The company is exposed to foreign exchange risk due to its international sales, with potential impacts on financial performance [59] Corporate Governance and Compliance - The company held its 2023 Annual General Meeting and 2024 First Extraordinary General Meeting with 100% investor participation [61] - The company has implemented employee incentive plans through various equity platforms, with share prices ranging from RMB 1.00 to RMB 14.95 per share [65] - The company issued new shares to He Shun No. 3 and He Shun No. 4 at a price of 1.973 yuan per share, with He Shun No. 3 subscribing for 1,145,301 shares for 2.26 million yuan and He Shun No. 4 subscribing for 1,231,452 shares for 2.43 million yuan [67] - The lock-up period for shares held by He Shun No. 5, He Shun No. 6, He Shun No. 7, and He Shun No. 8 is 36 months from the listing date [67] - The company has fulfilled its commitments regarding share lock-up periods for He Shun No. 2, He Shun No. 3, He Shun No. 4, and other shareholders, with all commitments completed by June 25, 2024 [73] - The company reported no significant litigation or arbitration cases during the reporting period, with only one minor case involving an amount of RMB 822,100, which has no material impact on the company [76] - The company and its controlling shareholders have no integrity issues, and there are no significant debts overdue or unpaid [78] Sustainability and Environmental Initiatives - The company has adopted 100% recyclable packaging materials, with new materials coverage exceeding 90% in new products [69] - The company has implemented energy-saving measures in its offices and encouraged employees to participate in low-carbon actions, such as using public transportation or shared bikes [70] Accounting and Financial Reporting - The company's financial statements comply with enterprise accounting standards, accurately reflecting the company's financial status, operating results, changes in owner equity, and cash flow [126] - The company's accounting year runs from January 1 to December 31 [127] - The company's normal operating cycle is one year [128] - The company's functional currency is RMB, with overseas subsidiaries using the currency of their primary economic environment [129] - Significant non-wholly owned subsidiaries are defined as those contributing ≥10% of the group's total revenue [130] - For non-wholly owned subsidiaries, the company adjusts the book value of assets and liabilities to align with its accounting policies [131] - In non-controlling acquisitions, the company measures identifiable assets and liabilities at fair value on the acquisition date [132] - The company incurs transaction costs for mergers, such as audit and legal fees, which are expensed as incurred [134] - The company determines control based on power over the investee, exposure to variable returns, and the ability to influence returns [135] - The company consolidates financial statements by combining assets, liabilities, equity, income, expenses, and cash flows of the parent and subsidiaries [138] - The company's consolidated financial statements adjust capital reserves (capital surplus or share premium) when the difference between the purchase price and the proportion of net assets acquired exceeds the initial investment cost, with insufficient capital reserves being offset against retained earnings [143] - In the case of step-by-step acquisition of subsidiary control, the company re-measures the equity held before the acquisition date at fair value, with any difference between fair value and book value recognized as investment income in the current period [145] - When the company disposes of a subsidiary's equity without losing control, the difference between the disposal price and the corresponding share of net assets is adjusted in capital reserves (capital surplus or share premium), with insufficient reserves being offset against retained earnings [145] - If control of a subsidiary is lost in a single transaction, the remaining equity is re-measured at fair value, and the difference between the sum of the disposal consideration and the remaining equity's fair value and the original share of net assets is recognized as investment income in the current period [146] - For step-by-step disposals of subsidiaries, if the transactions are not part of a "package deal," each disposal is treated separately, with the difference between the disposal price and the corresponding share of net assets recognized as investment income [147] - If step-by-step disposals are part of a "package deal," the difference between the disposal price and the corresponding share of net assets is initially recognized as other comprehensive income and transferred to current profit or loss upon loss of control [147] - When minority shareholders of a subsidiary increase capital, diluting the parent company's ownership, the difference between the pre-increase and post-increase share of net assets is adjusted in capital reserves (capital surplus or share premium), with insufficient reserves being offset against retained earnings [148] - The company recognizes its share of assets, liabilities, income, and expenses related to joint operations in accordance with relevant accounting standards [151] - For joint ventures, the company accounts for its investment using the equity method as per long-term equity investment accounting standards [152] - Foreign currency transactions are initially recognized at the spot exchange rate on the transaction date or an approximate rate, with exchange differences recognized in current profit or loss at the balance sheet date [154] - Financial assets are classified into three categories: amortized cost, fair value through profit or loss, and fair value through other comprehensive income based on business model and contractual cash flow characteristics [157] - Financial assets measured at amortized cost are those managed to collect contractual cash flows, with subsequent measurement using the effective interest method [158] - Financial assets measured at fair value through other comprehensive income are those managed both to collect contractual cash flows and to sell, with fair value changes recognized in other comprehensive income until derecognition [158] - Non-trading equity investments can be irrevocably designated as fair value through other comprehensive income, with only dividend income recognized in profit or loss [159] - Financial liabilities are classified into fair value through profit or loss, loan commitments, financial guarantee contracts, and amortized cost [160] - Financial liabilities measured at fair value through profit or loss include trading liabilities and those designated as such, with fair value changes recognized in profit or loss [161] - Loan commitments and financial guarantee contract liabilities are measured based on expected credit loss models and impairment principles [161] - Financial liabilities measured at amortized cost use