ShenzhenTopbandCo.,Ltd.
AnnualReport2022
March2023
AnnualReport2022SectionIImportantNotes,ContentsandDefinitions
TheBoardofDirectors,theBoardofSupervisorsanddirectors,supervisorsandseniorexecutivesoftheCompanyherebyassurethatthecontentsetoutintheAnnualReportistrue,accurateandcomplete.Itshallbefreefromfalserecords,misleadingstatementsormajoromissions,andshallbearindividualandjointlegalliabilitiestherein.
WuYongqiang,theprincipaloftheCompany,Xiangwei,accountinghead,andLuoMuchen,accountingdepartmenthead(thepersoninchargeofaccountingdepartment)herebyguaranteethetruth,accuracyandcompletenessofthefinancialreportinthisannualreport.
AlldirectorshaveattendedtheBoardMeetingatwhichtheReportwasscrutinized.
Forward-lookingstatements,suchasfutureplanscoveredintheReportarenotregardedastheactualcommitmenttoinvestorswhoshouldbealerttoinvestmentrisks.AdetailedexplanationoftherisksfacedbytheCompanyispresentedinSectionIIIoftheReport"Managementdiscussionandanalysis".Investorsarekindlyrequestedtonotetherelevantcontent.
TheprofitdistributionplanofcommonstocksdeliberatedandpassedbytheBoardofDirectorsoftheCompany:BasedonthetotalsharecapitaloftheCompanyof1,264,354,172shares(excluding5,181,200repurchasedtreasuryshares),theCompanydistributedcashdividendRMB
0.6(taxinclusive)and0bonusshare(taxinclusive)forevery10sharestoallshareholders,withoutconvertingtheaccumulationfundtoincreasethesharecapital.Theaccumulatedretainedearningsremainingaftertheimplementationoftheprofitdistributionplanwillbecarriedforwardtosubsequentyears.IfthetotalsharecapitaloftheCompanychangesbeforetheimplementationoftheprofitdistributionplanduetoreasonssuchassharerepurchaseandstockoptionexercise,thetotaldistributionwillbeadjustedaccordinglybasedontheprincipleofkeepingthedistributionratiopershareunchanged.Investorsareadvisedtopayattentiontotheriskofadjustingthetotaldistributionduetochangesintotalsharecapital.
ThisreporthasbeenpreparedinChineseandtranslatedintoEnglish.Shouldtherebeany
discrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionshallprevail.
GeneralManager'sspeech
Dearshareholders,partners,andallfriendsconcernaboutTopband:
ThankyouforyourattentionandsupporttoTopband,andIamhonoredtoshareour2022AnnualReportwithyouhere.Inthepastyear,wefacedmanychallenges,butwiththejointeffortsofallemployees,theCompanystillachievedremarkableresults.OursalesrevenuereachedRMB
8.875billion,achievingdouble-digitgrowthandcompletingourannualbusinesstarget.
Topbandhasbeenadheringtothe"long-termphilosophy";businessisinthelongrun,notinamoment.Ourmissionistoadvancehumansocietybymakingtheworldamoreinnovativeandlower-carbonplace.Overthepast26years,wehavebeencommittedtoprovidingsolutionstoourcustomersusingthe"fourelectricsandonenetwork"intelligenttechnologytocreatevaluearound"intelligent"and"lowcarbon."
In2022,Iwillfocusonsharingfivekeyadvances.
First,ahealthierbusinessstructure.Wehaveformedahomeappliancesegmentwithhouseholdastheapplicationscenario,atoolsegmentwithlaborasthescenario,andanewenergysegmentwithgreenandlow-carbonasthescenario.In2022,thebusinessofthenewenergysegmentwasincreasing,formingagoodsituationof"threelegsanddrivingsidebyside."
Second,aricherproductportfolio.Throughcontinuoustechnologyandproductinnovation,wehaveformedamatrixofhundredsofproductscoveringthefourcoretechnologiesofelectriccontrol,battery,motor,andpowersupply.Weofferarangeofintelligentproductsandsolutionstohelpourcustomersandpartnersimprovetheircompetitivenessandachievemarketsuccess.
Third,thelevelofintelligentmanufacturingsignificantlyimproved.Underthewaveofmanufacturingdevelopmentof"digitalization,networking,andintelligence,"wehavecreatedauniqueintelligentmanufacturingsystembasedon"lean,""automation,"and"digitalization"tobuildanintelligentfactorywiththe"shortestdeliverytime,stablequality,bestcost,andflexibledelivery."In2022,theCompanyachievedasignificantreductionintheoverallmanufacturingrate,areductioninthemanufacturingside,andasubstantialincreaseinintelligentmanufacturing.
Fourth,theinternationallayoutcontinuestoaccelerate.In2022,VietnamandIndia'sbases
continuedtoexpandproduction,andMexicoandRomaniabaseswerealsocompletedandputintooperation.InternationaloperationdepartmentsinEurope,America,SouthAfrica,andJapanwereestablishedoneafteranother,whichacceleratedthedevelopmentoftheCompany'sgloballayout.Fifth,continuedimprovementinorganizationalcapacity.Wefurtherstrengthenthebusinessunit(BU)organization,delegatemoreresourcesandauthoritytotheBU,supporttheBUtoserveourcustomersbetter,andpullthemiddleandbackofficedepartmentstoworktogetherthroughtheprocess.In2022,manynewBUbusinessesincreased,andorganizationalreforms'resultsgraduallybecameapparent.
Lookingaheadto2023,althoughthereareuncertaintiesintheglobaleconomicsituation,webelievethatthedevelopmenttrendof"intelligent,low-carbon,andinternationalization"willcontinueinthelongterm,andtheCompanystillhasexcellentdevelopmentopportunities.Wewilladheretothevalueconceptof"Agile-Innovation-Partnership,"gaindeepinsightintocustomerneeds,drivetherapidgrowthofnewbusinessesandnewproductswithinnovation,andgrowwithourpartners.In2023,Iamplacingparticularemphasisonthreestrategicpriorities.First,acceleratethedevelopmentofnewbusinessesandinnovativeproducts.Wehavedefinedourfuturestrategicemergingbusinessesandkeyinnovativeproductsthroughstrategicplanning.In2023,wewillfurtherlaunchaseriesofparticularactionsaroundkeynewbusinessesandinnovativeproductstofocusonacceleratingdevelopment.
Second,accelerateinternationaloperations.TheneedforinternationalizationcontinuestogrowasthedemandforlocalizeddeliveryfromoverseascustomersincreasesandmoreChinesecompaniesgoabroad.TheCompanywillcontinuetoreplicateitssuccessfulexperienceinoverseasoperations,acceleratethelayoutofitsoperationsininternationalmarketsandenhanceitslocalizationcapabilitiesinmarkets,supplychains,andservices.
Third,reducecostsandincreaseefficiencytoimproveoperatingefficiency.Costcontrolisalong-termtaskforenterprisesandacoretaskinthecurrenteconomicenvironment.Wewillbuildcostadvantagesbystrengtheningdesign,material,andmanufacturingcostreductions.Atthesametime,wewillfurtheroptimizeourorganizationalmanagementandcontinuetocarryoutlean,automated,anddigitalimprovementstocontinuouslyimproveouroperationalefficiencythrough
digitaloperationsinthesupplychain,manufacturing,andoperations.Lookingahead,wewillimplementspecificworkfollowingtheCompany'sstrategicplanningrequirementsandcontinuetoworkcloselywithourpartners.Thankstothetrustandsupportofallshareholdersandpartners,wewillcontinuetoprovideexcellentproductsandservicestoourcustomersandbuildamoreintelligent,low-carbon,andbetterfutureworld.
GeneralManager,ShenzhenTopbandCo.,Ltd.
March31,2023
Contents
SectionIImportantNotes,ContentsandDefinitions ...... 2
SectionIICompanyprofileandprimaryfinancialindicators ...... 10
SectionIIIManagementDiscussionandAnalysis ...... 15
SectionIVCorporateGovernance ...... 67
SectionVEnvironmentalandSocialResponsibility ...... 102
SectionVIImportantMatters ...... 103
SectionVIIShareChangeandShareholders ...... 113
SectionVIIIInformationonPreferredShares ...... 123
SectionIXRelevantInformationofBonds ...... 124
SectionXFinancialReport ...... 125
DirectoryofdocumentsforfuturereferenceI.FinancialstatementscontainingthesignaturesandsealsoftheleaderoftheCompany,theaccountingprincipalandtheaccountingdepartmenthead.II.Theoriginalauditreportbearingthesealoftheaccountingfirmandthesignaturesandsealsofthecertifiedpublicaccountants.III.TheoriginalsofallthecompanydocumentspubliclydisclosedinnewspapersdesignatedbytheCSRCduringthereportingperiodandtheoriginalmanuscriptsofannouncements.IV.TheoriginaloftheAnnualReport2022bearingthesignatureofthechairman.V.Alltheabovedocumentsarereadyandcomplete,andareavailableforreferenceattheofficeoftheBoardofDirectorsoftheCompany.
Interpretation
Terms | Referto | Contents |
Company,theCompany,Topband | Referto | ShenzhenTopbandCo.,Ltd. |
RMB,RMBtenthousandandRMB100million | Referto | RMB,RMBtenthousandandRMB100million |
CSRC | Referto | ChinaSecuritiesRegulatoryCommission |
Exchange | Referto | ShenzhenStockExchange |
Reportingperiod | Referto | FromJanuary1,2022toDecember31,2022 |
ArticlesofAssociation | Referto | ArticlesofAssociationofShenzhenTopbandCo.,Ltd. |
HuizhouTopband | Referto | HuizhouTopbandElectricalTechnologyCo.,Ltd. |
YAKOAutomation | Referto | ShenzhenYAKOAutomationTechnologyCo.,Ltd. |
HCD | Referto | ShenzhenAlliedControlSystemCo.,Ltd. |
TopbandSoftware | Referto | ShenzhenTopbandSoftwareTechnologyCo.,Ltd. |
ORVIBO | Referto | ShenzhenORVIBOTechnologyCo.,Ltd. |
ChongqingYiyuan | Referto | ChongqingTopbandIndustrialCo.,Ltd. |
NingboTopband | Referto | NingboTopbandIntelligentControlCo.,Ltd. |
ChinaTower | Referto | ChinaTowerCorporationLimited |
MeanstoneIntelligent | Referto | ShenzhenMeanstoneIntelligentTechnologyCo.,Ltd. |
HANSCIntelligent | Referto | ShenzhenHANSCIntelligentTechnologyCo.,Ltd. |
HongKongTopband | Referto | Topband(HongKong)Co.,Ltd. |
TopbandMexico | Referto | TopbandMexicoCompanyLimited |
TopbandRomania | Referto | TopbandSmartEuropeCompanyLimited |
TopbandBattery | Referto | ShenzhenTopbandBatteryCo.,Ltd. |
NinghuiLithiumBattery | Referto | TaixingNinghuiLithiumBatteryCo.,Ltd. |
IOT | Referto | InternetofThings |
T-SMART | Referto | Topbandone-stopsmarthomesolutions |
AI | Referto | ArtificialIntelligence |
BLDCMotor | Referto | BrushlessDCMotor |
BGandBU | Referto | BusinessGroupandBusinessUnit |
IPD | Referto | IntegratedProductDevelopment |
ISC | Referto | IntegratedSupplyChain |
SectionIICompanyprofileandprimaryfinancialindicatorsI.Companyinformation
Stockabbreviation | Topband | Stockcode | 002139 |
Listedstockexchange | ShenzhenStockExchange | ||
ChinesenameoftheCompany | ShenzhenTopbandCo.,Ltd. | ||
ChineseabbreviationoftheCompanyname | Topband | ||
NameoftheCompanyinforeignlanguage(ifany) | ShenzhenTopbandCo.,Ltd | ||
NameoftheCompanyinforeignlanguage(ifany) | Topband | ||
LegalrepresentativeoftheCompany | WuYongqiang | ||
Registeredaddress | F1,TopbandIndustrialParkPhaseII,KejiSecondRoad,TangtouCommunity,ShiyanSub-district,Bao'anDistrict,Shenzhen | ||
Postalcodeofregisteredaddress | 518108 | ||
HistoricalchangesofregisteredaddressoftheCompany | TheregisteredaddressoftheCompanyhasbeenchangedfrom"Room413,AreaB,TsinghuaUniversityResearchInstitute,High-techIndustrialPark,YuehaiStreet,NanshanDistrict,Shenzhen"to"F1,TopbandIndustrialParkPhaseII,KejiSecondRoad,TangtouCommunity,ShiyanSub-district,Bao'anDistrict,Shenzhen". | ||
Officeaddress | TopbandIndustrialPark,KejiSecondRoad,ShiyanSub-district,Bao'anDistrict,Shenzhen | ||
Postalcodeofofficeaddress | 518108 | ||
Companywebsite | http://www.topband.com.cn | ||
wenzh@topband.com.cn |
II.Contactpersonandcontactinformation
SecretaryoftheBoardofDirectors | Representativeofsecuritiesaffairs | |
Name | WenZhaohui | ZhangYuhua |
Address | TopbandIndustrialPark,KejiSecondRoad,ShiyanSub-district,Bao'anDistrict,Shenzhen | TopbandIndustrialPark,KejiSecondRoad,ShiyanSub-district,Bao'anDistrict,Shenzhen |
Tel | 0755-26957035 | 0755-26957035 |
Fax | 0755-26957440 | 0755-26957440 |
wenzh@topband.com.cn | zhangyuhua@topband.com.cn |
III.Informationdisclosureandstorageplace
WebsiteofthestockexchangefordisclosureoftheCompany'sannualreport | http://www.cninfo.com.cn |
Nameandwebsiteofthemediafordisclosureofthe | SecuritiesTimesandCNINFO(http://www.cninfo.com.cn) |
Company'sannualreport | |
LocationwheretheCompany'sannualreportisavailable | OfficeoftheBoardofDirectorsoftheCompany |
IV.Changesinregistration
Unifiedsocialcreditcode | 91440300192413773Q |
ChangesinthemainbusinessoftheCompanysinceitslisting(ifany) | Nochange |
Previouschangesincontrollingshareholders(ifany) | Nochange |
V.Otherrelevantinformation
AccountingfirmengagedbytheCompany
Nameofaccountingfirm | BAKERTILLYInternationalAccountingFirm(SpecialGeneralPartnership) |
Officeaddressofaccountingfirm | AreasA-1andA-5,#68,No.19,ChegongzhuangWestRoad,HaidianDistrict,Beijing |
Nameofundersignedaccountant | ChenZhigang,ZhaoYang |
SponsorengagedbytheCompanytoperformcontinuoussupervisiondutiesduringthereportingperiod?Applicable□Notapplicable
NameofSponsor | OfficeaddressofSponsor | NameofSponsor'srepresentative | Continuoussupervisionperiod |
ChinaSecuritiesCo.,Ltd. | Room2203,NorthTower,ShanghaiSecuritiesBuilding,No.528PudongSouthRoad,Shanghai | XuChaoandZhuMingqiang | 2021/6/3-2022/12/31 |
ThefinancialadviseremployedbytheCompanytoperformcontinuoussupervisiondutiesinthereportingperiod
□Applicable?NotapplicableVI.MainaccountingdataandfinancialindicatorsWhethertheCompanyisrequiredtoretroactivelyadjustorrestatetheaccountingdataofpreviousyears
□Yes?No
2022 | 2021 | Increaseordecreaseinthecurrentyearoverthelastyear | 2020 | |
Operatingincome(RMB) | 8,875,099,137.06 | 7,767,034,835.03 | 14.27% | 5,560,182,998.21 |
Netprofitattributabletoshareholdersoflistedcompanies(RMB) | 582,655,258.38 | 564,964,282.18 | 3.13% | 532,161,123.64 |
Netprofitattributabletoshareholdersoflistedcompaniesafterdeductingnon-recurringprofitandloss(RMB) | 483,703,060.80 | 432,038,218.88 | 11.96% | 381,388,244.05 |
Netcashflowfromoperatingactivities(RMB) | 491,055,076.33 | -224,562,545.86 | 318.67% | 647,900,708.38 |
Basicearningspershare(RMB/share) | 0.46 | 0.47 | -2.13% | 0.51 |
Dilutedearningspershare(RMB/share) | 0.46 | 0.47 | -2.13% | 0.51 |
Weightedreturnonaverageequity | 10.85% | 13.11% | -2.26% | 19.21% |
Endof2022 | Endof2021 | Increaseordecreaseattheendofthecurrentyearcomparedwiththeendofthepreviousyear | Endof2020 | |
Totalassets(RMB) | 10,364,556,848.34 | 9,606,992,402.39 | 7.89% | 6,774,684,691.87 |
Netassetsattributabletoshareholdersoflistedcompanies(RMB) | 5,728,523,458.33 | 5,028,315,406.63 | 13.93% | 3,457,256,863.83 |
Note:1.In2022,thetotalamountofshare-basedpaymentexpensesconfirmedduetoequityincentiveswasapproximatelyRMB123.862million,anetincreaseofRMB96.1039millioncomparedtoRMB27.7581millionin2021(takingintoaccounttheimpactofrelatedincometaxexpenses).
2.Afterexcludingtheimpactoftheaforementionedshare-basedpaymentexpenses,thenetprofitattributabletoshareholdersofthelistedcompaniesduringthereportingperiodwasRMB706.5173million,anincreaseof19.20%comparedtothesameperiodlastyear;thenetprofitattributabletoshareholdersofthelistedcompaniesafterdeductionofnon-recurringprofitsandlosseswasRMB607.5651million,anincreaseof32.14%comparedtothesameperiodlastyear.
WhicheverwastheloweroftheCompany'snetprofitbeforeorafterdeductionofnon-recurringprofitandlossforthelastthreefiscalyearswasnegative,andtheauditreportforthelatestyearshowedthattherewasuncertaintyabouttheCompany'sabilitytocontinueasagoingconcern.
□Yes?NoThelowerofnetprofitbeforeandafterdeductionofnon-recurringprofitsandlosseswasnegative
□Yes?No
VII.Differencesinaccountingdataunderdomesticandforeignaccountingstandards
1.DifferencesinnetprofitandnetassetsbetweenfinancialreportsdisclosedinaccordancewithInternationalAccountingStandardsandthosedisclosedinaccordancewithPRCGAAPatthesametime
□Applicable?NotapplicableThereisnodifferenceinnetprofitandnetassetsbetweenfinancialreportsdisclosedinaccordancewithInternationalAccountingStandardsandthosedisclosedinaccordancewithPRCGAAPduringthereporting
period.
(2)DifferencebetweenthenetprofitandnetassetsinthefinancialreportsdisclosedinaccordancewithbothforeignaccountingstandardsandChineseaccountingstandardsatthesametime
□Applicable?NotapplicableThereisnodifferenceinnetprofitandnetassetsbetweenfinancialreportsdisclosedinaccordancewithOverseasAccountingStandardsandthosedisclosedinaccordancewithPRCGAAPduringthereportingperiod.VIII.Mainfinancialindicatorsbyquarters
Unit:RMB
Firstquarter | Secondquarter | Thirdquarter | Fourthquarter | |
Operatingincome | 1,867,713,022.70 | 2,360,290,114.87 | 2,307,433,143.44 | 2,339,662,856.05 |
Netprofitattributabletoshareholdersoflistedcompanies | 94,076,282.26 | 152,431,989.12 | 212,244,704.87 | 123,902,282.13 |
Netprofitattributabletoshareholdersoflistedcompaniesafterdeductingnon-recurringprofitandloss | 57,646,415.49 | 147,009,640.61 | 163,661,033.59 | 115,385,971.11 |
Netcashflowfromoperatingactivities | 63,137,832.29 | 11,748,423.10 | 560,552,037.39 | -144,383,216.45 |
Whetherthereareanysignificantdifferencesbetweentheabovefinancialindicatorsorthesumthereofandrelevantfinancialindicatorsgiveninthequarterlyandsemi-annualreportsissuedbytheCompany
□Yes?No
IX.Itemsandamountofnon-recurringprofitandloss
?Applicable□Notapplicable
Unit:RMB
Items | Amountin2022 | Amountin2021 | Amountin2020 | Description |
Profitsandlossesondisposalofnon-currentassets(includingthewrite-offportionoftheprovisionforassetimpairment) | -3,145,453.49 | -789,236.29 | -2,162,674.03 | |
Governmentsubsidiesincludedincurrentprofitsandlosses(exceptthosethatarecloselyrelatedtothenormalbusinessoftheCompany,conformtonationalpoliciesandregulationsandarecontinuouslyenjoyedinafixedorquantitativemanneraccordingtocertainstandards) | 33,217,045.91 | 16,456,682.22 | 27,326,933.85 | |
profitsandlossesduetofairvaluechangesarisingfromtheholdingoftradablefinancialassetsandliabilities,aswellastheinvestmentincomefromthedisposaloftradablefinancialassetsandliabilitiesandavailable-for-salefinancialassets,exceptfortheeffectivehedgingbusinessrelatedtothenormalbusinessof | 90,812,862.06 | 133,466,036.23 | 147,775,030.77 |
theCompany | ||||
Reversaloftheprovisionforimpairmentinreceivablesforwhichimpairmenttestsarecarriedoutseparately | 120,596.48 | |||
Othernon-operatingincomeandexpensesotherthanthosementionedabove | 373,250.06 | -1,787,714.37 | 43,836.85 | |
Otheritemsofprofitsandlossesthatmeetthedefinitionofnon-recurringprofitsandlosses | 270,112.67 | 9,914,763.48 | 5,602,702.63 | |
Minus:amountaffectedbyincometax | 22,265,407.68 | 23,726,354.32 | 27,106,631.22 | |
Amountaffectedbyminorityshareholders'equity(aftertax) | 430,808.43 | 608,113.65 | 706,319.26 | |
Total | 98,952,197.58 | 132,926,063.30 | 150,772,879.59 | -- |
Detailsofotheritemsofprofitsandlossesthatconformtothedefinitionofnon-recurringprofitsandlosses:
□Applicable?NotapplicableNone.Explanationofdefiningthenon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-Non-recurringProfitsandLossesasrecurringprofitandlossitems
□Applicable?NotapplicableThereisnosuchsituationofdefiningthenon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-Non-recurringProfitsandLossesasrecurringprofitandlossitemsintheCompany
SectionIIIManagementDiscussionandAnalysis
I.IndustryinwhichtheCompanyoperatesduringthereportingperiod
1.BasicsituationoftheindustryTheintelligentcontrollerisaclassofadvancedautomaticcontroltechnologyandcomputertechnologythatintegratessensing,microelectronics,andpowerelectronicstechnologyandmanyothertechnicaldisciplinesandformshigh-techproducts.Itactslikethehumannervoussystem,playingtheroleof"nervecenter"and"brain"toachieveprecisecontrolofthephysicalworldthroughcollecting,processing,andanalyzingvariousinformation.
Theapplicationfieldoftheintelligentcontrollerisvast,mainlyincludinghomeappliances,intelligenthomes,intelligentbuildings,powertools,industrialandautomation,automotiveelectronics,newenergy,andmedicalequipment.Withthecontinuousemergenceofnewtechnologies,intelligentcontroltechnologyisalsoconstantlydevelopingandupgrading,andthedegreeofintelligenceisgettinghigherandhigher.Especiallywith5G,theInternetofThings,artificialintelligence,cloudcomputing,andothernewtechnologiescontinuetointegratethedevelopmentofvariousproductstoacceleratetheiterationoftheintelligentcontrollerindustryasabroaderdevelopmentprospectwillemergemorenewproducts,newindustries,andnewmodels.
2.Industrystatus
TheCompanyisaleadingglobalsolutionproviderinintelligentcontrol,alwaysupholdsthevalueof"AgileInnovationPartner,"anddrivestheCompany'scontinuousdevelopmentthroughtechnologicalinnovation.TheCompanyhasformedacomprehensivetechnologysystemof"fourelectricsandonenetwork"(electriccontrol,motor,battery,powersupply,andIOTplatform),mainlyforfiveindustries:homeappliances,tools,newenergy,industry,andintelligentsolutions,providingcustomizedintelligentcontrolsolutionsfordownstreamcustomers.
Withthethreeuniquecapabilitiesof"platform-basedtechnologyinnovationcapability,partner-basedcustomerservicecapability,andsystematicrapidresponsecapability"asthecore,theCompanyhasbeenforgingahead.Ithasestablishedclosepartnershipswithmanyheadlinecustomersintheindustry.TheCompanyisnowaleaderinintelligentcontrolsolutionsforthehomeapplianceandtoolindustriesandaninnovationleaderinthenewenergyandindustrialsectors.
II.MainbusinessengagedbytheCompanyduringthereportingperiodTheCompany'sprimarybusinessistheresearchanddevelopment,production,andsalesofintelligentcontrolsystemsolutions,i.e.,the"fourelectricsandonenetwork"technologyofelectriccontrol,motor,battery,powersupply,andInternetofThingsplatformasthecore,forhomeappliances,tools,newenergy,industrial,intelligentsolutions,andotherfiveindustriestoprovideavarietyofcustomizedsolutions.TheCompanyisagloballeaderinintelligentcontrolsolutionsforthehomeapplianceandtoolindustriesandaninnovationleaderinthenewenergyandindustrialsectors.
1.TheCompany'scoretechnology:"fourelectricsandonenetwork,"electriccontrol,motor,battery,powertechnology,andInternetofthingsplatform.
1.1Electricalcontroltechnology.Theelectricalcontroltechnologyisthecoreofamicroelectroniccomputertoachieveintelligentcontroltechnology,involvingsensingtechnology,powerelectronics,signalprocessingtechnology,communicationtechnology,interactivetechnology,powerandenergyconversiontechnology,electromagneticcompatibility,andmanyothertechnicalfields.TheCompanyfocusesondevelopingkeytechnologiessuchasautomaticcontroltechnology,human-machineinteractiontechnology,embeddedcomputingtechnology,machinevisiontechnology,roboticstechnology,intelligentsensortechnology,andmotioncontroltechnology.
TheCompanyhasformedhundredsofelectroniccontroltechnologyplatformsthatcanmeettheneedsofproductsinfourmajorindustries:homeappliances,tools,newenergy,andindustry.Theelectroniccontroltechnologyiswidelyusedinproductssuchascontrollers,electromechanicalintegration,powersupplies,andintelligentbatteries.
IntelligentControlBusinessApplicationsin"FiveIndustries"HomeAppliances
HomeAppliances
Tools
Tools | NewEnergy | Industry |
Intelligent
Solutions
Intelligent
Solutions"FourElectricsandOneNetwork"LayoutofCoreTechnology
"FourElectricsandOneNetwork"LayoutofCoreTechnologyElectricControl
Technology
ElectricControlTechnology | ElectricMotorTechnology |
IoTPlatform
IoTPlatformPowerSupply
Technology
Batterytechnology | PowerSupplyTechnology | |
1.2Electronicmotortechnology.Motortechnologyconvertselectricalenergyintokineticenergyandisoneofthekeytechnologiesnecessaryforallkindsofintelligentproductsandmodernindustries.Focusingoncontinuousinnovationofhighefficiency,lownoise,highprecision,andhighstabilityofmotors,theCompanyhasestablishedacompletetechnicalcapabilityfrommotordesignandsimulation,testing,andverificationtoscalemanufacturing,formingdozensofadvancedmotorproductplatformssuchasbrushlessDCmotors(BLDC),steppermotorsandservomotors.
TheCompany'smotortechnologyhasbeensuccessfullyappliedtomanyfields,includingpowertools,automationequipment,intelligentappliances,newenergyvehicles,robots,andotherfields.Amongthem,theCompany'spowertoolsandmotioncontrolproductsareintheleadingpositioninChinaandhavebeenwidelyrecognizedinthemarket.
1.3Batterytechnology.Batterytechnologyisthetechnologywhereenergyisstoredandmanaged.Itscoretechnologiesincludebatterymaterialapplication,celldesignandmanufacturing,andbatterysystemintegration.Batterymaterialapplicationtechnologiesincludepositiveandnegativeelectrodematerials,electrolytes,diaphragms,andotherrelatedapplicationtechnologies;celldesignandmanufacturingincludeelectrochemicalarchitecturedesignandmanufacturingprocesstechnologiessuchascoating,laminating/winding,andforming;batterysystemintegrationconsistsofaseriesoftechnologiessuchasbatteryassembly,thermalmanagement,collisionandleakagesafety,accuratemeasurementofvoltage/current/temperaturesignals,batterystateestimationandcellequalization.Thetechnologyspansmultiplefieldsofmaterialscience,electrochemistry,electronics,andcontrolengineering.Afteryearsofaccumulation,theCompanyhasformedacompletedesign,developmentcustomization,andproductiontechnologycapabilityfromcelltechnology(CELL)andbatterymanagementtechnology(BMS)tobatterypack(PACK)system.
1.4Powersupplytechnology.Powertechnologyisanelectricalenergyconversiontechnologythatsafely,efficiently,andintelligentlytransformsthefront-endinputintotherequiredoutputfortheload.TheCompanyhasvariousanalogpowersupplies,switchingpowersupplies,anddigitalpowersupplytechnologyplatformswithdifferentpowerlevels.Itcanprovidecharging,inverter,andvariouscustomizedpowersupplysolutions.
1.5InternetofThings(IoT)platform.TheIoTplatformisacollectionofthesensinglayer,connectivitylayer,andapplicationlayertechnologies,mainlyincludingconnectivitymanagement,devicemanagement,andapplication.TheCompanyhasformedacompletetechnicalcapabilityfromIoTmoduleandintelligentterminaltoAPPandPaaSIoTcloudplatform.Ithasdevelopedsolutionsformorethantenbusinessscenarios.
2.TheCompany'smainproducts:for"homeappliances,tools,newenergy,industrial,intelligentsolutions,"fivesignificantindustriestoprovidecustomizedsystemsolutions.TheCompany'sproductsaremainlyclassifiedintofourcategories:controller,motor,powersupply,andbattery.TheCompany'sproductofferingmodelisbasedoncustomers'needsinfivemajordownstreamindustries:
homeappliances,tools,newenergy,industry,andintelligentsolutions,andprovidescustomizedproductsandcomprehensivesolutionsbyusing"fourelectricsandonenetwork"coretechnologies.
2.1Homeappliancesolutions
TheCompanyprovidesarangeofcustomizedproductsandservices,fromproductconcept,design,anddevelopmenttomanufacturingdeliveryforbrandedcustomersinthehomeapplianceindustry.Theproductsaremainlyinvolvedincontrollerandmotorcategories,includinghomeappliancemastercontrol,powercontrol,motordriveandcontrol,displaycontrol,etc.Theproductsaremainlyusedinvariousfields,suchasHVAC,kitchenappliances,cleaningappliances,healthcare,lighting,andintelligenthome.
2.2Toolsolutions
Thetoolindustrymainlyincludespower,garden,andotherprofessionaltools.TheCompanyprovidescustomizedproductsandservices,fromconcept,design,anddevelopmenttomanufacturingdeliveryforbrandedcustomersinthetoolindustry.TheCompany'sproductsmainlyinvolvefourcomponents:controller,motor,batteryandpowersupply,andsomeexclusiveintelligentproducts.
2.3Newenergysolutions
Thenewenergybusinessmainlyfocusesontwomajorapplicationareas:smallandmedium-sizedenergystorageandnewenergyvehicles,withproductsinfourcategories:batteries,powersupplies,controllers,andmotors.Fortheenergystorageindustry,theCompanyprovidescomponentproducts,includingcells,BMS,PCS,EMS,etc.,andcompleteproducts,suchashouseholdenergystorage,industrialandcommercialenergystorage,communicationpowerbackup,portableenergystorage,etc.Forthenewenergyvehicleindustry,theCompanymainlyprovidesintelligentcontrollersandchargingequipmentforcustomersinthefieldsofnewenergyvehicles,otherspecialvehicles,andE-bike.
2.4Industrialsolutions
Intheindustrialcontrolindustry,themainbusinessisdeveloping,producing,andsellingspecializedindustrialintelligentcontrolproducts,mainlyinvolvingstepper,servodrive,andmotioncontrolproducts.TheCompanymainlyfocusesondownstreamautomationequipmentcustomers,providingthemwithcontrollers,
drivers,motors,etc.Downstreamapplicationsinvolve3Celectronics,robotics,medicalequipment,semiconductorequipment,photovoltaic,lithiumbatteryindustry,etc.Wearecommittedtohelpingautomationequipmentmanufacturersimproveequipmentdesignperformance,reduceequipmentmanufacturingcosts,andacceleratethedevelopmentofnewequipment.Wearecommittedtohelpingautomationequipmentmanufacturersimprovedesignperformance,reduceequipmentmanufacturingcosts,andspeedupnewequipmentdevelopment.
2.5IntelligentsolutionsAnintelligentsolutionisbasedontheCompany'sAIoT(ArtificialIntelligenceInternetofThings)technologyplatformandintelligentproductinnovationcapabilitiesasthecorefor"clothing,food,housingandtransportation"and"industry,catering,hotels,parks"andothersegmentationscenarios,toprovide"innovativeproducts+AIoTplatform+customizedservices"comprehensiveintelligentsolutions.III.Analysisofcorecompetitiveness
1.Platform-basedtechnologyinnovationcapability.TheCompanytakestechnologyasthegeneofenterprisedevelopmentandconsidersinnovationasthecorecompetenceoftheCompany.TheCompanyhastheindustry-leadingplatformtechnologyinnovationcapability,formingacompletetechnologyplatformcoveringvariouscoretechnologyareasofintelligentcontrolintegrationsolutions.
TheCompanyhastheabilityofdeepunderstandingofvariouscontrolmechanisms,independentimplementation,andcontinuousinnovation,coveringthecoretechnologiesofintelligentcontrolalgorithm,motorcontrol,lithiumbattery,sodiumbattery,sensing,human-machineinteraction,imagerecognition,digitalpowersupply,embeddedsoftware,temperaturecontrol,heating,andcooling,etc.
Inaddition,theCompanyhasarichproductlinethatformsmanyproductplatforms.Eachcoreproductplatformhasbeenverifiedinmassproductiontoensurequalityandreliability.Wecanquicklyprovidecustomerswithhigh-quality,differentiatedcustomsolutionstomeettheirneeds.Inaddition,theCompanyhastheindustry'sunique"controller+motor+battery+powersupply"totalsolutioncapability,withtheabilitytocontinuouslydevelopinnovativesolutionsinnewcategories,whichcanhelpcustomersinnovateinthecompetitiontowin.
Inaddition,theCompanyhastheindustry'sunique"controller+motor+battery+power"totalsolutioncapability,withtheabilitytocontinuouslydevelopinnovativenewcategorysolutions,whichcanhelpcustomersinthecompetitiveinnovationtowin.
2.Partnershipcustomerservicecapability.TheCompanyinsistsonlong-termandtakesvalueco-creationandvaluewin-winasthedevelopmentconcepttodevelopalong-termpartnershipwithcustomers.Supportedbyplatform-basedtechnologyinnovationcapability,theCompanycontinuestogaininsightintocustomerneeds,createsin-depthco-creationswithcustomers,establishesorganizationalcustomerrelationships,andbuildspartner-basedcustomerservicecapabilities.
Throughamulti-regionallayout,wehaveestablishedinternationalproductionbasesmainlyinPearlRiverDelta,YangtzeRiverDelta,SoutheastAsia,NorthAmerica,andEuropewhilebuildinganinternationaloperationcentertoenhanceourservicecapabilityintermsofmanagementcapabilityandresourceallocation,andsettingupseveraloverseasofficestoworkcloselywithourcustomers.
3.Systematicrapidresponsecapability.
Asintelligenttechnologyevolvesanduncertaintyincreases,thepaceofglobalinnovationiterationisaccelerating,andcompaniesincreasinglyneedtobemoreagileintheiroperationstoservetheircustomers.Basedonadeepunderstandingoftheintelligentcontrolbusiness,theCompanyhascreatedastrongplatformsystemfromtheimplementationofIPDideasintheR&Danddesignprocess,thecorecustomerISCchangesinthesupplychainsystem,thelaboratoryandqualityassurancesystem,andtheintelligentmanufacturingplatformsystemtobuildacustomer-centricprocess-orientedorganization,internalizingtheCompany'ssuperiorcapabilitiesintoagileoperationalcapabilities,andtheagilesystemwillfurtherstrengthentheCompany'sadvantages,andthetwoformamutuallyreinforcingandvirtuousdevelopment,thusachievingsustainable,high-qualitygrowth.
IV.Analysisofmainbusiness
1.Overview
In2022,themacroenvironmentathomeandabroadwascomplexandchanging,whichisaverychallengingyearforbusinessdevelopment.Inthefaceofdifficulties,theCompanyfocusedonintelligentcontrolandnewenergy,insistingonhighinvestmenttodrivehigh-levelbusinessdevelopment.TheCompany'sintelligentcontrollerandnewenergybusinessbreakthroughagainstthetrend,achievingdoublegrowthinrevenueandprofit.
Duringthereportingperiod,theCompanysteadilybuiltupitscorecompetitivenessthroughreliablequality,stabledelivery,highinvestmentinR&D,andmulti-regionallayout,quicklyrespondingtoandservingcustomers.ThemanagementledallemployeestocontinuouslythickentheendogenouscapacityoftheCompanyinoperation
andmanagement,leanmanufacturing,andorganizationalchange.Thehomeapplianceandtoolbasecontinuedtogrowsteadily,andthenewenergybusinessachievedhighgrowth.In2022,withthejointeffortsofallemployees,theCompanyachievedoperatingrevenueofRMB8.875billion,anincreaseof14.27%year-on-year,netprofitattributabletoshareholdersofthelistedCompanyofRMB583million,anincreaseof3.13%year-on-year,andnetprofitattributabletoshareholdersofthelistedCompanyofRMB484millionafterdeductions,anincreaseof
11.96%year-on-year.Thetotalshare-basedpaymentexpenserecognizedin2022duetotheequityincentiveisRMB124million,comparedwithRMB28millionyear-on-yearin2021,anetincreaseofabout96million(aftertakingintoaccounttheimpactofrelatedincometaxexpense),excludingtheeffectoftheaboveshare-basedpaymentexpense,thenetprofitattributabletoshareholdersofthelistedCompanyforthereportingperiodisRMB707million,up19.20%comparedwiththesameperiodlastyear;thenetprofitattributabletoshareholdersofthelistedCompanyisRMB608million,up32.14%comparedwiththesameperiodthepreviousyear.Annualoperatingresultsandcoreoperatingmetricsfor2022areasfollows:
(I)Activelyrespondtothechallengesandrevenuegrowthagainstthetrend.
1.Inlinewiththetrendofintelligent+low-carbon,theCompany'sbusinesscontinuestogrowUndertheopportunitiesofintelligence,lowcarbonization,andeconomicdevelopmenttomulti-regionaldevelopment,theindustryshowsthetrendofconcentrationtothehead,theCompanythroughthemarketinsight,advancedinternationalindustriallayout,theabilitytoobtainordersandbusinessresilienceincreasedyearbyyear.
TheCompanyactivelyexploredstructuredopportunitiesinvariousregionsandindustriesduringthereportingperiod.Itachievedgoodoperatingresultsthroughkeyeffortssuchasheadcustomerdevelopment,internationaloperations,productinnovation,digitalintelligence,andnewbusinesstalentdevelopment.TheCompany's2021"supplyguarantee"strategyhaslaidasolidfoundationforsustainabledevelopment.Thenumberofheadcustomersandrevenuecontinuedtodoublegrowthduringthereportingperiod,withheadcustomersaccountingfor84%oftheCompany'stotalrevenue,contributingmorethan90%oftheincrementalrevenue;theCompanyattachesgreatimportancetothedevelopmentofnewbusiness,increasinginvestmentincutting-edgetechnologyandstrengtheningindustryinsightcapabilities,providingnewmomentumforsustainabledevelopment.
2.Stablebaseofscalegrowth,healthierbusinessstructure,richerproductportfolio,andcompetitiveresiliencecontinuestobehighlighted.
Topbandhasbeenadheringtothe"long-termphilosophy";businessisinthelongrun,notinamoment.Ourmissionistoadvancehumansocietybymakingtheworldamoreinnovativeandlower-carbonplace.Overthe
past26years,wehavebeencommittedtoprovidingsolutionstoourcustomersusingthe"fourelectricsandonenetwork"intelligenttechnologytocreatevaluearound"intelligent"and"lowcarbon."Wehaveformedahomeappliancesegmentwithhouseholdastheapplicationscenario,atoolsegmentwithlaborasthescenario,andanewenergysegmentwithgreenandlow-carbonasthescenario.Throughcontinuoustechnologyandproductinnovation,wehaveformedamatrixofhundredsofproductscoveringthefourcoretechnologiesofelectriccontrol,battery,motor,andpowersupply.Throughcontinuoustechnologyandproductinnovation,wehaveformedamatrixofhundredsofproductscoveringthefourcoretechnologiesofelectroniccontrol,battery,motor,andpowersupply.
In2022,inthefaceofthecomplexandvolatilebusinessenvironmentsuchasstructuralpriceincreasesofrawmaterials,decliningdemand,andexchangeratefluctuations,thehomeappliancesandtoolssegment,astheCompany'sbase,achievedmodestgrowthandstillhadadvantagesandroomforgrowthdespitethehighbasein2021.AsthethirdgrowthcurveoftheCompany,thenewenergysegmenthasseenrapidbusinessgrowthandhasnowformedagoodsituationof"threelegsanddrivingsidebyside."
3.Healthydevelopmentofeachbusinesssegment,eachwithitsadvantages.
(1)Toolingsegment:salesrevenueofRMB3.24billionin2022,up8.20%year-on-year.Betterthantheindustry'soverallgrowthrate,themarketshareisstableandincreasingyearly.TheCompanyhasarelativelyrichproductlineinthissegment.Itcanprovidedownstreamcustomerswithone-stopsolutions,includingcontrollers,motors,BMS,batterypacks,andcompletemachines,withnon-controllerproductssuchasmotors,toolbatterypacks,andcompletemachinesaccountingfor33%ofrevenuein2022.
ThegrowthrateslowedinthereportingperiodduetotheeconomicboominEuropeandtheUnitedStates.Inthemediumandlongterm,theapplicationscenarioofthetoolisincreasing.ThemarketpenetrationrateoutsideEuropeandtheUnitedStatesalsohasmoreroomforimprovement,andtheindustrywillnotchangethetrendofsustainedgrowthduetoshort-termfactors.TheCompany'stoolbusinessfocusesonpowertoolsandgardentools.Theglobalpowertoolmarketsizeissteadilyincreasing,andthedownstreamconcentrationishigh.ThetoptenglobalOEMcustomersoccupyasignificantmarketshare,theterminalmarketinEuropeandtheUnitedStatesaccountsforahighermarketshare,andprofessionalgrade(e.g.,hightechnicalcontent,highprecision)andindustrialgrade(e.g.,highpower,highspeed)occupythesignificantshareofthetoolmarket.TheCompanyservesheadcustomersinthetoolssegment,mainlyprovidingprofessional-gradeandindustrial-gradeproductsandsolutions.Inthefuture,withtheincreaseintherateoflithium-ionizationandcordlessnessoftoolsandthe
developmentofproductstohigh-voltage,high-power,portableandintelligenttrends,theCompanywillplaytheadvantagesoftechnologyandproductportfolio,multi-regionalproductionandsupplytoachievethescaleofproductplatformsandvolumegrowthofheadcustomers,andtheCompany'smarketshareinthissegmentwillfurtherincrease.
(2)Homeappliancesegment:salesrevenueofRMB3.092billionin2022,up4.48%year-on-year.Theapplicationofthehomeapplianceindustrypresentsadiscrete,comprehensiveconcentrationthatisnothigh.TheCompanyplaysacontinuousaccumulationoftechnicaladvantages,insomesegmentsoccupyingahighmarketshareandshowingrapidgrowthtrend.Duringthereportingperiod,thedevelopmentoflargecustomersisprogressingwell,andtherearenewcustomerbreakthroughs.Thenumberandvolumeofcustomersincreased;innovativeproductscontinuetoemerge.Theapplicationofinvertertechnologyisrepresentativeoftherapidgrowthofairconditioning,refrigeratorapplications,kitchenappliances,heatpumps,cleaning,servicerobots,andothersrapidgrowth.Theapplicationofscenariosextendedtothehighertechnicalbarrierstocommercialappliancesandhigherboommarket,thedevelopmentofthehomeappliancesegmenttoopenupfurther;smallhomeappliances,somecategoriesbyconsumerdemand,somedecline,isexpectedtoreboundin2023gradually.Inthefuture,theCompanywillfocusonadvantageouscategoriestoachievehigh-qualitydevelopmentinpromisingareasandoutpacethegrowthrateoftheindustry
(3)Newenergysegment:rapidgrowth,buildingtheCompany'sthirdgrowthcurve.Thenewenergybusinesshasmaintainedhighgrowthinrecentyears,achievingrevenueofRMB2.036billionin2022,up63.98%year-on-year,higherthantheCompany'soverallgrowthrate.Withthecoretechnologyof"onecelland3S"(cell,BMS,PCS,EMS),theCompanyiscurrentlyfocusingonsmallandmedium-sizedenergystorageandnewenergyvehicleapplications.In2022,inthefieldofsmallandmedium-sizedenergystoragetoachieverevenueofRMB
1.566billion,accountingforabout77%ofthenewenergybusiness,forhouseholdenergystorage,portableenergystorage,industrialandcommercialenergystoragetoprovidebatteries,PCS,BMSandotherproductsoroverallsolutions;inthefieldofnewenergyvehiclestoachieverevenueofRMB470million,accountingforabout23%ofthenewenergybusiness,aroundthenewenergyvehiclechargingequipment,twoorthreewheelers,E-bikeandotherscenariostoprovidechargingmodules,BMSandothercontrolproducts.
Thefutureapplicationofnewenergywillrevolvearoundintelligence.TheCompanyhasformedtheadvantagesoffourcategoriesofcoretechnologiesandhundredsofproductmatricesofelectroniccontrol,battery,motor,andpowersupply,whichwillquicklyrealizetechnologyintegrationandprovidecustomizedanddifferentiatedsolutionsinthenewenergysegmentwithgreenandlow-carbonscenarios.TheCompanyhasmany
newenergyapplicationproductlinesanddiversifiedproductforms.Wehavecells,batterypacks,andPACKsinbatteryform,aswellasPCS(inverter),BMS(batterymanagementsystem),EMS,andotherproductsincontrolform,andcompletesystemsolutioncapability,withabroaderbusinessinclusionandsustainablegrowthpotential.Thehistoricalopportunityofdecarbonizationoverlaidwiththeglobalirreversibleenergytransition.Thenewenergybusinessisexpectedtocontinueitshighgrowthrateinthenextfewyears.
(4)Industrialsegment:achievesalesrevenueofRMB248millionin2022,down15.86%year-on-year.TheCompanymainlyprovidescontrollers,drivers,andmotorsfordownstreamautomationequipmentcustomers,widelyusedin3Celectronics,robotics,medicalequipment,photovoltaicequipment,semiconductorequipment,photovoltaic,lithiumbattery,packagingmachinery,etc.In2022,theboomoftraditionalindustrieswillfallback,andequipmentinvestmentwilldecrease,impactingthedemandforindustrialautomation.Byfocusingonkeysectorsandcustomers,theCompanywillmakebreakthroughsinthephotovoltaicandlithiumindustries.Wearecommittedtohelpingautomationequipmentmanufacturersimproveequipmentdesignperformance,reduceequipmentmanufacturingcosts,andacceleratenewequipmentdevelopment.Weareexpectedtobecometheleaderinefficient,easy-to-useservoandstepperproducts.Thesegmentbenefitsfromdomesticsubstitutionandintelligentupgradingoffactoriesandwillusherinanewboomcycleastheeconomyanddemandgraduallyrecover.
(5)Intelligentsolutions:salesrevenueofRMB189millionin2022,down14.70%year-on-year.TheintelligentsolutionisbasedontheCompany'sAIoT(ArtificialIntelligenceInternetofThings)technologyplatformandintellectualproductinnovationcapabilitiesasthecorefor"medical,food,housingandtransportation"and"industry,catering,hotels,parks"andothersubdivisionscenarios,toprovide"innovativeproducts+AIoTplatform+customizedservices"integratedsystemsolutions.ThecurrentIoTapplicationscenarioshavecoveredmorethanadozenverticalscenarios,suchasintelligenthomeappliances,intelligentdoorlocks,intelligentlighting,intelligenttravel,smarthotels,smartcampuses,etc.,providingone-stopintelligentservicesformanydomesticandforeigncustomers.In2022,itwonthe"MostPopularAwardforIoTPlatform"and"Top10SmartEcologicalBrandoftheYear"andotherhonors.
(II)Theessentialclearanceofhigh-pricedinventory,costpressurerelief,andintelligentmanufacturinglevelsignificantlyimproved
Consolidatedgrossmargin:In2022,theCompanyachievedaconsolidatedgrossmarginof20.14%,down
1.13%year-on-year.Duringthereportingperiod,controllerproducts'upstreamrawmaterialpricesstabilizedandgraduallydeclined.Theupstreamlithiumcarbonatepricesofcellsrosesharply,payinghigherprocurementcosts
year-on-yearin2021,whichimpactedthewidegrossmargininthefirstthreequarters.Asthehigh-pricedinventorygraduallycleared,thegrossmarginimprovedto23.75%inthefourthquarterfromayearearlier.Withtheimplementationofmeasuressuchasthelaunchofnewproducts,clearanceofhigh-pricedinventory,andcostreductionandefficiencyimprovement,profitabilityhasimprovedquarterbyquarter.Activetransformationto"smartfactory"toachievethebestlevelintheindustry:Duringthereportingperiod,theCompanycontinuedtointroduceautomatedproductionlinesbasedon"lean,""automation,"and"digital"asthepillarofbuilding"theshortestdeliverytime,stablequality,thebestcost,flexibledelivery"ofTopbandintelligentfactory.In2022,theCompanywillrealizetheleapfromlocalautomationtowhole-lineautomationforthefirsttime,itsprecisionmanufacturingcapabilitywillbeimproved,andmanufacturingcostswillbesignificantlyreduced.Duringthereportingperiod,theCompanyhasplannedtopromotethedigitalworkshopbasedonthewholeautomatedline,MESmanufacturingmanagementsystem,andworkshoplogisticssysteminseveralfactoriessuchasNingboandHuizhou,andintegratedintelligentstorageandlogistics,DFM,QMS,andotherintelligentmanagementsystems,toacceleratethetransformationtoasmartfactoryandrealizethecompleteclosedloopoflogisticsandinformationflowinthemanufacturingsystem.Intermsoflong-termplanning,Topbandwilleventuallyevolveintoasmartfactoryplatformclusterbasedontheglobalfactorylayouttoachieveprocessoptimizationindesign,manufacturing,assembly,warehousing,logistics,andotheraspectsoftheentireproductlifecycleandbuildamoreintelligent,moreefficient,andmoreenvironmentallyfriendlyindustrialecologyandmanagementmodel.Inthefuture,wewilltakesystematizationandsystematizationasourhandstocontinuouslyreducecostsandincreaseefficiency,achievethebestlevelintheindustryandmaintaintheleadingedgeintotalcost.(III)InsistonhighproportionalinvestmentinR&D,buildplatform-basedcompetitiveadvantages,andtaptheblueoceanmarketwithinnovationdrive
Weinsistoncreatingvalueforcustomersandsocietyandalwaystake"technologicalinnovation"astheengineoftheCompanytocontinuouslydeepenourtechnologicalleadershipandbuildnewmomentumforcorporatedevelopment.In2022,theCompanywillcontinuetopromoteanddeepenthetechnicalaccumulationandapplicationof"fourelectricsandonenetwork"technologyinfiveindustries,acceleratetheintegrationandapplicationofAI,IOT,5G,andothernewtechnologies,acceleratetheconstructionofnewenergyproductioncapacityandnewtechnologyresearchanddevelopment,furtherenhancetheCompany'sinnovationabilityandcorecompetitiveness,andbringmorevaluetocustomersandsociety.
Duringthereportingperiod,theCompanyinvestedRMB720millioninR&D,representingayear-on-yearincreaseof28.54%andaccountingfor8.11%oftheoperatingrevenue,with1,776R&Dandtechnicalservicepersonnel.TheCompanycreatesacultureofinnovationinternally,increasestheprotectionofindependentlycontrollableproductsandindependentintellectualpropertyrightsexternally,aimsattechnologyleadership,achievementprotection,andbenefitenhancement,managespatentassetseffectively,guaranteesthemaximumvalueofintellectualpropertyrightsandpromotestheindustrialtransformationofinnovationachievements.Attheendofthereportingperiod,theCompanyanditssubsidiariesappliedforatotalof2,946patents,including1,054inventionpatents,1,535utilitymodels,261designpatents,39foreignpatents,and57PCTpatents;theCompanyanditssubsidiariesappliedforatotalof134softwarecopyrightsand361trademarkapplications.TheCompany'sR&Dinvestmentaccountedforabout7%ofoperatingrevenueinthepasttenyears.ThecontinuoushighproportionofR&Dinvestmenthasresultedinmanyinnovativeproducts,suchasinverters,thermostats,stir-fryers,lawnmowers,floorscrubbers,airenergyheatpumps,etc.Thepercentageofindependentlycontrollablebusinessesin2022rapidlyincreases,contributingtoacontinuouspowersourceforfuturesustainabledevelopment.(IV)ContinuedaccelerationofinternationallayoutanddeepdevelopmentofcustomerintimacystrategyAsacompanywithglobaloperations,wehavecustomersworldwide.Aroundthe"customerintimacy"strategy,closetocustomerservice,tofurtherimproveserviceresponsivenessandservicequality.Accordingtobusinessdevelopmentneeds,wehaveestablishedmorethantenregionaloperationcenters,manufacturingcenters,R&Dcenters,andrepresentativeofficesinmanyplacesworldwide.In2022,VietnamandIndia'sbasescontinuedtoexpandproduction,andMexicoandRomaniabaseswerealsocompletedandputintooperation.InternationaloperationdepartmentsinEurope,America,SouthAfrica,andJapanwereestablishedoneafteranother,whichacceleratedthedevelopmentoftheCompany'sgloballayout.
(V)Healthyandsustainablebusinessactivities
InFY2022,theCompanystrengtheneditsinventoryandaccountsreceivablecontrolandincreaseditspaybackefforts.Duringthereportingperiod,theCompany'snetcashflowfromoperatingactivitiesturnedfromnegativetopositive,achievingRMB491million,anincreaseof318.67%year-on-year,makingtheCompany'soperatingactivitieshealthierandsustainable.
2.Revenueandcost
(1)Compositionofoperatingincome
Unit:RMB
2022 | 2021 | Year-on-yearincreaseordecrease | |||
Amount | Proportioninoperatingincome | Amount | Proportioninoperatingincome | ||
Totaloperatingincome | 8,875,099,137.06 | 100% | 7,767,034,835.03 | 100% | 14.27% |
Byindustry | |||||
Intelligentcontrolelectronicsindustry | 8,875,099,137.06 | 100.00% | 7,767,034,835.03 | 100.00% | 14.27% |
Byproduct | |||||
Tool | 3,240,010,210.60 | 36.51% | 2,994,451,368.50 | 38.55% | 8.20% |
Homeappliances | 3,091,915,524.39 | 34.84% | 2,959,263,866.21 | 38.10% | 4.48% |
Newenergy | 2,035,748,139.21 | 22.94% | 1,241,478,904.30 | 15.98% | 63.98% |
Industry | 248,342,753.93 | 2.80% | 295,153,637.29 | 3.80% | -15.86% |
Intelligentsolutions | 188,747,795.73 | 2.13% | 221,269,657.19 | 2.85% | -14.70% |
Other | 70,334,713.20 | 0.79% | 55,417,401.54 | 0.71% | 26.92% |
Byregion | |||||
Domestic | 3,524,383,375.76 | 39.71% | 3,427,652,622.28 | 44.13% | 2.82% |
Export | 5,350,715,761.30 | 60.29% | 4,339,382,212.75 | 55.87% | 23.31% |
Distributionmodel | |||||
Basingproductiononsalesprospects | 8,875,099,137.06 | 100.00% | 7,767,034,835.03 | 100.00% | 14.27% |
(2)Thesituationofindustries,products,regionsorsalesmodelsaccountingformorethan10%oftheCompany'soperatingincomeoroperatingprofit?Applicable□Notapplicable
Unit:RMB
Operatingincome | Operatingcost | Grossprofitrate | Increaseordecreaseofoperatingincomeoverthesameperiodoflastyear | Increaseordecreaseofoperatingcostsoverthesameperiodoflastyear | Increaseordecreaseofgrossprofitrateoverthesameperiodoflastyear | |
Byindustry | ||||||
Intelligentcontrolelectronicsindustry | 8,875,099,137.06 | 7,087,226,986.88 | 20.14% | 14.27% | 15.91% | -1.14% |
Byproduct | ||||||
Tool | 3,240,010,210.60 | 2,574,926,005.78 | 20.53% | 8.20% | 10.86% | -1.90% |
Homeappliances | 3,091,915,524.39 | 2,485,460,503.68 | 19.61% | 4.48% | 4.40% | 0.06% |
Newenergy | 2,035,748,139.21 | 1,658,664,841.64 | 18.52% | 63.98% | 70.70% | -3.21% |
Byregion | ||||||
Domestic | 3,524,383,375.76 | 2,873,242,064.43 | 18.48% | 2.82% | 6.55% | -2.85% |
Export | 5,350,715,761.30 | 4,213,984,922.45 | 21.24% | 23.31% | 23.29% | 0.01% |
Distributionmodel | ||||||
Basingproductiononsalesprospects | 8,875,099,137.06 | 7,087,226,986.88 | 20.14% | 14.27% | 15.91% | -1.14% |
TheCompany'smainbusinessdataforthelastyearadjustedaccordingtothecaliberattheendofthereportingperiodwhenthestatisticalcaliberoftheCompany'smainbusinessdataisadjustedinthereportingperiod
□Applicable?Notapplicable
(3)WhethertheCompany'sincomefromphysicalsalesgreaterthanthatfromlaborservices?Yes□No
Industryclassification | Items | Unit | 2022 | 2021 | Year-on-yearincreaseordecrease |
Intelligentcontrolelectronicsindustry | Salesvolume | PCS | 145,345,424.00 | 174,889,510.00 | -16.89% |
Productionoutput | PCS | 140,109,731.00 | 181,035,707.00 | -22.61% | |
Inventory | PCS | 11,324,133.00 | 16,559,826.00 | -31.62% |
Reasonsforthechangeofmorethan30%inrelevantdata?Applicable□NotapplicableTheinventoryduringthereportingperioddecreasedby31.62%year-on-year,mainlyduetotheincreaseinproductunitvalueandtherelativedecreaseinproductionandsalesquantities.ThesalesquantitywithaunitpriceP>RMB200is6.2268millionPCSs,andthesalesrevenueisRMB3.068billion;ThesalesquantitywithaunitpriceofRMB100≤P<RMB200is14.3083millionPCSs,andthesalesrevenueisRMB2.121billion;ThesalesquantitywithaunitpriceofRMB50≤P<RMB100is22.2002millionPCSs,andthesalesrevenueisRMB1.659billion;ThesalesquantitywithaunitpriceP<RMB50is102.6101millionPCSs,andthesalesrevenueisRMB2.028billion.
(4)ThefulfillmentofmajorsalescontractsandpurchasecontractssignedbytheCompanytilltheendofthereportingperiod
□Applicable?Notapplicable
(5)CompositionofoperatingcostIndustryandproductclassification
Unit:RMB
Industryclassification | Items | 2022 | 2021 | Year-on-yearincreaseordecrease | ||
Amount | Proportionaccountingforoperatingcost | Amount | Proportionaccountingforoperatingcost | |||
Intelligentcontrolelectronicsindustry | Operatingcost | 7,087,226,986.88 | 100.00% | 6,114,531,354.87 | 100.00% | 15.91% |
Unit:RMB
Productcategory | Items | 2022 | 2021 | Year-on-yearincreaseordecrease | ||
Amount | Proportionaccountingforoperatingcost | Amount | Proportionaccountingforoperatingcost | |||
Tool | Operatingcost | 2,574,926,005.78 | 36.33% | 2,322,704,928.43 | 37.99% | 10.86% |
Homeappliances | Operatingcost | 2,485,460,503.68 | 35.07% | 2,380,662,056.81 | 38.93% | 4.40% |
Newenergy | Operatingcost | 1,658,664,841.64 | 23.40% | 971,706,470.22 | 15.89% | 70.70% |
Industry | Operatingcost | 180,681,718.87 | 2.55% | 203,688,366.55 | 3.33% | -11.30% |
Intelligentsolutions | Operatingcost | 154,179,778.42 | 2.18% | 188,848,535.84 | 3.09% | -18.36% |
Other | Operatingcost | 33,314,138.50 | 0.47% | 46,920,997.03 | 0.77% | -29.00% |
DescriptionNotapplicable
(6)Whethertheconsolidationscopehaschangedduringthereportingperiod?Yes□NoDuringthereportingperiod,4newcompanieswereincludedintheconsolidationscope,including2newlyestablishedsubsidiariesand2newlyestablishedsub-subsidiaries.
(7)MajorchangesoradjustmentsintheCompany'sbusiness,productsorservicesduringthereportingperiod
□Applicable?Notapplicable
(8)InformationofmainsalescustomersandsuppliersInformationonmainsalescustomersoftheCompany
SalesamountoftopfivecustomersoftheCompanyintotal(RMB) | 3,282,287,525.00 |
Proportionofthesalesamountoftopfivecustomersintotalaccountingfortheannualtotalsalesamount | 36.98% |
Proportionofrelatedpartysalesinthetopfivecustomers'salesinthetotalannualsales | 0.00% |
DataofthetopfivecustomersoftheCompany
No. | Customername | Salesamount(RMB) | Proportionaccountingfortheannualtotalsalesamount |
1 | No.1 | 2,391,673,730.88 | 26.95% |
2 | No.2 | 279,817,757.32 | 3.15% |
3 | No.3 | 270,536,196.32 | 3.05% |
4 | No.4 | 175,796,499.88 | 1.98% |
5 | No.5 | 164,463,340.61 | 1.85% |
Total | -- | 3,282,287,525.00 | 36.98% |
Otherinformationonmaincustomers
□Applicable?NotapplicableInformationonmainsuppliersoftheCompany
PurchaseamountofthetopfivesuppliersoftheCompanyintotal(RMB) | 1,921,053,624.68 |
Proportionofthepurchaseamountoftopfivesuppliersintotalaccountingfortheannualtotalpurchaseamount | 22.00% |
Proportionofrelatedpartypurchaseamounttoannualtotalpurchaseamountamongthetopfivesuppliers | 0.00% |
InformationonthetopfivesuppliersoftheCompany
No. | Nameofsupplier | Purchaseamount(RMB) | Proportionaccountingfortheannualtotalpurchaseamount |
1 | No.1 | 1,174,845,885.85 | 13.45% |
2 | No.2 | 309,449,151.91 | 3.54% |
3 | No.3 | 174,381,138.75 | 2.00% |
4 | No.4 | 150,759,689.78 | 1.73% |
5 | No.5 | 111,617,758.39 | 1.28% |
Total | -- | 1,921,053,624.68 | 22.00% |
Otherinformationonmainsuppliers
□Applicable?Notapplicable
3.Expenses
Unit:RMB
2022 | 2021 | Year-on-yearincreaseordecrease | Explanationofmajorchanges | |
Sellingexpenses | 260,181,170.88 | 208,562,819.10 | 24.75% | Comparedwiththesameperiodoflastyear,itincreasedbyRMB51.62millionor24.75%duringthereportingperiod.Themainreasonisthatduringthereportingperiod,therecognizedshare-basedpaymentexpensesforequityincentivesincreasedcomparedwiththesameperiodoflastyear,aswellastheincreaseinpersonnelsalariesandotherexpensesincurredtoachieveincomegrowth. |
Managementexpenses | 369,502,745.36 | 258,345,031.89 | 43.03% | Comparedwiththesameperiodoflastyear,itincreasedbyRMB111.16millionor43.03%duringthereportingperiod.Themainreasonistherecognizedshare-basedpaymentexpensesfortheCompany'sequityincentivesduringthereportingperiod,aswellastheincreaseinexpensesduetothecorrespondingincreaseinthenumberofemployeestomeetfuturestrategicimplementation. |
Financeexpenses | -123,173,262.90 | 63,785,550.48 | -293.11% | Comparedwiththesameperiodoflastyear,itdecreasedbyRMB186.96millionor293.11%duringthereportingperiod.ThemainreasonisthattheincreaseintheexchangerateoftheUSdollaragainsttheRMBduringthisperiodresultedinalargeexchangegain. |
R&Dexpenses | 592,346,136.09 | 449,950,052.11 | 31.65% | Comparedwiththesameperiodoflastyear,itincreasedbyRMB142.4millionor31.65%duringthereportingperiod.Themainreasonisthatduringthereportingperiod,therecognizedshare-basedpaymentexpensesduetoequityincentivesandtheCompany'sinvestmentinR&Dresourcesincreasedcomparedtothesameperiodlastyear. |
4.R&Dinvestment?Applicable□Notapplicable
MainR&Dprojectname | Projectobjective | Projectprogress | Goalstobeachieved | ImpactontheCompany'sfuturedevelopment |
R&Dofmediumandhighpowerfrequencyconversioncontroltechnology | Withtheincreasingdemandforintelligenceandlow-carbonsociety,theapplicationoffrequencyconversiontechnologyisbecomingincreasinglywidespread.Thisprojectaimstohaveaninsightintouserneeds,overcomethedifficultiesofhigh-power,high-efficiency,andlow-noisefrequencyconversiontechnology,enrichtheCompany'sseriesproductplatformformediumandhighpowerelectricalproducts,andfurtherexpandtheapplicationoftheCompany'sfrequencyconversiontechnology,breakingthroughtheworld'sleading | TheCompanyhascompletedthedevelopmentandverificationoftechnologyandproductplatformtechnology,andhassuccessivelymass-producedmultipleproducts,suchashigh-powerairconditioners,refrigerators,washingmachines,andrangehoods. | Supportupto20kwpowerrange;leadindustrylevelintheaspectsofenergyefficiency,vibrationandnoisesuppression;keepaheadofthereliabilityofproductsincomplexapplicationenvironmentssuchashightemperatureandhumidity,achievinglarge-scaleindustrial | ItwillbewidelyappliedintheCompany'shouseholdandcommercialappliancesolutions,acceleratingtheCompany'sexplorationanddevelopmentofhigh-endODMproducts,aswellasmarketexpansionforinternationalmajorcustomers. |
customers. | applicationofthetechnology. | |||
R&Dofmobilerobotchassistechnology | Withtheintelligentizationofproducts,agingsociety,andrisinglaborcosts,mobileservicerobotsarerapidlybeingappliedinvariousindustries.Themobilerobotchassisisthecoreplatformthatintegratesvariouskeytechnologiesofrobots,andisthemosttechnicallychallengingandvaluablepartofmobilerobotproductsolutions.Thisprojectaimstodevelopdozensofkeytechnologiessuchasrobotmapconstruction,positioning,planning,navigation,mobility,obstacleavoidance,multi-sensorfusion,machinevision,andAI,andacomprehensiveproductplatformforrobotchassis,andachievemassproductionapplicationsinmultiplescenarios. | TheCompanyhasdevelopedthefourthgenerationtechnologyplatformandaddeddozensofpatentedtechnologies,whichareallcontinuouslydeveloping;theproductplatformhasbeenappliedindozensofprojects,andthetechnicallevelofborderlessAIlawnmowersisattheforefrontoftheindustry. | Thethirdgenerationmobilerobotchassisplatformtechnologyisleading.Theproductplatformhasachievedmassproductionapplicationsinmultiplescenariossuchashomes,gardensandindustries,withleadingtechnologicallevelsandcomprehensivecompetitiveness. | Byfeatofthisproject,theCompanymaintainsitsleadingpositioninthecoreunderlyingtechnologyofmobilerobots,furtherenhancingitsinnovationandcompetitivenessinthedevelopmentofvariousmobilerobotsolutionsandacceleratingitsbusinessdevelopmentinthefieldofmobilerobots. |
R&DofmotordrivewithoutHallsensorandmechatronicstechnology | Withthedevelopmentofsociety,varioustypesofelectrictoolsandgardentoolsarerapidlypopularizingtoimproveworkefficiencyandreducelaborintensity.ThebrushlessDCmotorsanditscontroltechnologyarethecoretechnologiesofelectrictoolsandgardentools.ThisprojectfocusesontheresearchofmotordrivewithoutHallsensorandmechatronicstechnology,anddevelopssolutionstoachievehighreliability,lowcost,andsmallvolumetoolproducts,furtherexpandingtheCompany'sleadingadvantageintoolproducts. | Keytechnologieshavebeenverified.Breakthroughshavebeenmadeinultrahighspeedmotorsandtheirsupportingdirectdrivecontroltechnology,aswellashighvoltagenon-electrolyticcapacitorBLDCdrivetechnology.Relevantachievementscanbeappliedtomassproductionproductsandarebeingpromotedinthemarket. | ThemotordrivewithoutHallsensor(sensorless)detectionandestimationalgorithmisleadingintheindustryintermsofestimationaccuracyforhigh,medium,low,andevenzerospeedpositions.Thecostandreliabilityofthesolutionusingsensorlesstechnologyarecomprehensivelyimprovedbymorethan30%.Theperformanceandcostofmechatronicsdesignhavebeencomprehensivelyimprovedbyover30%. | Itwillbewidelyusedindozensofproductssuchaselectrictoolsandgardentools,withadvantagesinsystemreliability,cost,volume,weight,goodgripinhand,andotheraspects,furtherconsolidatingtheCompany'spioneeringadvantagesinthetoolmarket. |
R&Dofnewpermanentmagnetmotortechnology | Permanentmagnetmotorsarecurrentlywidelyused,andtheprojectaimstoimprovetheirperformance,reducenoise,anddesignanddevelopnewtypesofpermanentmagnetmotortechnology.Throughinnovativeresearchontheapplicationofpermanentmagnetstructures,thesmoothnessandthevibrationofmotoroperationareimproved.Byoptimizingthestructureofthemotorandthefixationofmagneticsteel,themagnetismgatheringabilityisimproved,themagneticenergyproductofthepermanentmagnetisgreatlyincreased,andultra-lowmagneticleakageisachieved,achievingthegoalofsignificantlyreducingtheperformancerequirementsofmagneticsteelunderthesamemotorperformance. | R&Disongoing,andthetechnologyismatureandstableandhasbeenappliedinfieldssuchasE-Blikeandelectricmotorcyclesandtricycles. | Theperformanceandnoiselevelofnewpermanentmagnetmotorsareattheleadinglevelintheindustry.Thenewstructureofpermanentmagnetmotorshasbeenmass-producedandappliedinhigh-efficiencybrushlessDCmotorsandotherproducts. | ThistechnologyhasbroadapplicationprospectsintheCompany'sbrushlessDCmotors,whichcanfurtherenhancetheCompany'scompetitivenessinthefieldofhigh-performancemotorsandstrengthenitsstrengthinvariousfieldssuchastoolsandnewenergyvehicles. |
ResearchonlargecapacityironlithiumcellandPACKtechnologyplatform | Newenergyisarevolutioninthefieldofenergy,andlarge-capacitysinglecellsindicateanimportantdevelopmentdirectionofpowerandenergystoragelithiumbatteries.Thisprojectoptimizesthecellpackagingmethod,increasesthesizeandcapacityofcells,reducesredundantcomponentsofcells,andforms100ampere-hourlevelofhighcapacityandhighenergydensitycellproductplatform.Itcaneffectivelyimprovethecapacityandenergydensityofcells,promotethePACKintegrationefficiency,andreducethecomprehensivecostofthebatterysystem.ThroughtheresearchofsupportingBMSandPACKtechnologies,thesystemisintegratedintoacompletesolutionforpowerandenergystoragebatteries. | Breakthroughshavebeenmadeinsmartlithiumbatterytechnologywithhigh-voltagerateandmulti-layerstack-basedenergystoragebatterytechnology,andtheproductshavebeenmass-producedandappliedinfieldssuchasenergystorageandUAVs. | Itsenergydensity,highandlowtemperaturedischargeperformance,andlongcyclelifeareattheleadinglevelintheindustry. | ThisprojectenrichestheCompany'scellandbatteryPACKproductline,whichwillhelptheCompanyexpanditsbusinessinareassuchasenergystorageandlightpower. |
Researchonnewsodiumion | Sodiumionsecondarybatterieshaveuniqueadvantagesinsafety,cost,low-temperaturecapacityretention,and | TheCompanyhascompletedtheverificationoftechnical | Itsenergydensityandcostlevelrankamongtheforefrontofthe | ThesuccessfulR&Dofthistechnologyandproductplatformwill |
secondarybatterytechnologyplatform | overdischargeresistance,andthereareabundantreservesofsodiumsaltrawmaterials,makingthemanimportantdevelopmentdirectionforbatteriesinthefuture.Thisprojectaimstosolvethedifficultiesinthedesign,application,andmanufacturingprocessofnewsodiumcathodematerialincells,formingatechnicalandproductplatformforsodiumionsecondarybatteries,andpreparingnewproductreservesforthefurtherdevelopmentofnewenergybusiness. | principles,conductedR&Dverification,andimprovedtheproductionprocess. | industry. | helptheCompanylaunchaseriesofsodiumionbatteryproducts,effectivelysupplementtheexistinglithiumironphosphatebatteryseriesproducts,andisexpectedtoimprovethecompetitivenessoftheCompanyinthelarge-scaleenergystorageapplicationmarketandgainmoremarketshareinthefuture. |
R&Dofsmartsharedbatteryswapsystemtechnology | Withtheimplementationofthenational"carbonpeakingandcarbonneutrality"strategy,thedeepeningofgreenandlow-carbonconcepts,andtheriseofthesharingeconomymodel,thebusinessdevelopmentofnewmodelssuchassharedbatteryswapisrapid.Theresearchpurposeofthisprojectistoconductin-depthresearchonthekeytechnologiesofsmartsharedbatteryswapsystem,includingsystemarchitecturedesign,BMSbatterymanagementtechnology,intelligentchargingmanagement,datatransmissionandprocessing,safetyassurance,batterytracking,cabinetfireprotection,etc.,inordertoimprovetheintelligenceandreliabilityofthesystemandprovidemoreconvenient,efficient,andsafeservicesforsharedtravel.Thisprojectaimstopromotethegreenandlow-carbondevelopmentofsharedtravel,facilitatethesustainabledevelopmentofurbantransportation,andprovidesupportforthedevelopmentoftheintelligenttransportationindustry. | Thefirstgenerationofproductshasbeendeliveredinbulk,andthesecondgenerationofproductsisunderiterativedevelopment. | Thisprojectaimstoconductin-depthresearchonthekeytechnologiesofsmartsharedbatteryswapsystem,improvetheintelligenceandreliabilityofthesystem,andprovidemoreconvenient,efficient,andsafeservicesforsharedtravel.Atthesametime,thisprojectwilldevelophigh-performanceandhighlyreliablesmartsharedbatteryswapsystemstoprovidehigh-qualityproductsandservicesforthemarket. | Theresearchofthisprojectaimstodevelopsmartsharedbatteryswaptechnology,deeplyintegratingtheCompany's"fourelectricsandonenetwork"technologyintobatteryswapscenariostomeettheneedsofthegreencommutingmarket.TheR&DofthistechnologyisconducivetotheCompany'sbusinessdevelopmentinthefieldofgreencommutingandtheimprovementoftheconvenience,efficiency,andsafetyofsharedtravel,promotingthegreen,intelligent,andsustainabledevelopmentofurbantransportation. |
Researchonkey | Theautomotiveindustry,especiallynewenergyvehicles,isanimportant | TheCompanyhasachievedtechnological | TheCompanyhasmasteredcore | EnhancetheCompany'stechnicalandquality |
technologiessuchasautomotiveelectroniccontrollers,motors,andbatterychargingandswapequipment | strategicdirectionfortheCompany.Thisprojectaimstoconductin-depthresearchonautomotiveelectroniccontrollersandbatterychargingandswaptechnologyofnewenergyvehicles,exploretheirdesignprinciplesandkeytechnologies,developkeytechnologyandproductplatforms,buildexperimentalverificationplatforms,andimprovetheCompany'stechnologyandproductlevelinthefieldofnewenergyvehicleapplications. | breakthroughsandproductapplicationsinfieldssuchasintelligentcarcabins,thermalmanagement,AC/DCchargingpiles,andmotors,formingseveralmatureproductplatformsandconstructingrelevanttechnologyandproductsupportingtestandverificationplatforms. | technologiessuchasautomotiveelectroniccontrollers,motors,andbatterychargingandswapequipment,formedamatureproductplatform,andconstructedandimprovedrelevanttechnologyandproducttestandverificationplatforms,enhancingtheCompany'smarketcompetitivenessintheautomotivefield. | assurancecapabilities,theproductqualityandperformance,andthedevelopmentoftheCompanyintheautomotivefield. |
Researchondigitalpowertechnologyplatform | Withtheimplementationofthenational"carbonpeakingandcarbonneutrality"policy,thedemandforgreennewenergyandefficientpowertechnologyinsocietyhassharplyincreased.Digitalpowertechnologyisarevolutionarytechnologyforhigh-powerandefficientpowersupply.Thisprojectstudiesthedigitalarchitectureunderdifferentpowertopologies,constructsrelevantDSPprocessorsandafullydigitalfeedbacktechnologyplatform,graspscoredigitalpoweralgorithms,comprehensivelyimprovesthecontrol,management,detection,andintelligencelevelofpowersupplies,andformsatechnologyandproductplatformformediumandhigh-powerdigitalpower. | TheCompanyhasformedatechnologyandproductplatformformassproductionandiscontinuouslydevelopingandupgrading.The3,000Wbidirectionalinvertertechnologyplatformhascompleteddevelopmentverificationandproductization;thespecialmedicaldigitalpowertechnologyplatformhascompleteddevelopmentverificationandproductization; | Taketheleadinthereliabilityandotherperformancesintheconversionefficiencyoflargepowersupplyrangingfromseveralkilowattstotensofkilowattsandincomplexapplicationscenarios. | Supportedbylead-edgetechnologies,theCompanyhasmadebusinessbreakthroughsinthefieldofhigh-enddigitalpowerfield,andhasextensiveapplicationsinfieldssuchasgreencommuting,energystorage,andothernewenergy. |
R&Dofembeddedartificialintelligencetechnology | Withthewidespreadapplicationofartificialintelligencetechnologyandthecontinuousdevelopmentofproductintelligence,howtoapplyartificialintelligencetechnologyinembeddedproductssuchassmarthomeappliancesandinnovativehardwarehasbecomeahottopic.Throughthe | Thedevelopmentfortechnologyplatformisontheway,andmultipleprototypeproductshavebeenmarketedandappliedinfieldssuchassmarthomesandhome | AIalgorithmandperformanceareleadingintheindustry,andembeddedAItechnologyhasachievedleadershipinmorethanthree | TheembeddedAItechnologywillfurtherconsolidatetheCompany'sleadingpositioninthenewgenerationofintelligentcontroltechnology,andsupporttheCompany's |
researchonmachinevisionandspeechrecognitionalgorithms,thisprojectrealizesmoreintelligentautomaticrecognitionjudgmentsandinteractiveoperationsinsteadofusers,reducingthecomplexityofusers'useofproductsandsignificantlyimprovingtheuserexperience.ThisprojectwillalsobuildanalgorithmandimplementationplatformforembeddedAI,anddevelopinnovativeproductsforvariousapplicationscenarios. | appliances. | productapplications. | innovation,creationofmorenewproducts,andexplorationofblueoceanmarkets. |
R&DpersonneloftheCompany
2022 | 2021 | Changeratio | |
NumberofR&Dpersonnel(person) | 1,776 | 1,582 | 12.26% |
ProportionofR&Dpersonnel | 21.20% | 18.73% | 2.47% |
EducationalbackgroundstructuresofR&Dpersonnel | |||
Bachelordegree | 1,186 | 1,059 | 11.99% |
Master | 125 | 113 | 10.62% |
Doctorandabove | 3 | 1 | 200.00% |
Juniorcollegedegreeandbelow | 462 | 409 | 12.96% |
AgecompositionofR&Dpersonnel | |||
Below30 | 797 | 707 | 12.73% |
30-40 | 797 | 735 | 8.44% |
Above40 | 182 | 140 | 30.00% |
R&DinvestmentoftheCompany
2022 | 2021 | Changeratio | |
AmountofR&Dinvestment(RMB) | 719,662,208.72 | 559,857,194.43 | 28.54% |
ProportionofR&Dinvestmentinoperatingincome | 8.11% | 7.21% | 0.90% |
CapitalizedamountofR&Dinvestment(RMB) | 127,316,072.63 | 109,907,142.32 | 15.84% |
ProportionofcapitalizedR&DinvestmentinR&Dinvestment | 17.69% | 19.63% | -1.94% |
ReasonsandimpactsofsignificantchangesinthecompositionofR&DpersonnelintheCompany
□Applicable?NotapplicableReasonforsignificantchangesintheproportionoftotalR&Dinvestmenttooperatingincomeoverthesameperiodoflastyear
□Applicable?Notapplicable
ReasonforgreatchangeinR&Dinvestmentcapitalizationrateandrationalinterpretation
□Applicable?Notapplicable
5.Cashflow
Unit:RMB
Items | 2022 | 2021 | Year-on-yearincreaseordecrease |
Subtotalofcashinflowfromoperatingactivities | 9,194,212,756.21 | 7,877,451,630.46 | 16.72% |
Subtotalofcashoutflowfromoperatingactivities | 8,703,157,679.88 | 8,102,014,176.32 | 7.42% |
Netcashflowfromoperatingactivities | 491,055,076.33 | -224,562,545.86 | 318.67% |
Subtotalofcashinflowfrominvestmentactivities | 63,633,384.24 | 591,071,911.81 | -89.23% |
Subtotalofcashoutflowfrominvestmentactivities | 840,702,901.36 | 1,339,243,115.38 | -37.23% |
Netcashflowfrominvestmentactivities | -777,069,517.12 | -748,171,203.57 | -3.88% |
Subtotalofcashinflowfromfinancingactivities | 1,118,783,953.99 | 2,395,480,159.32 | -53.30% |
Subtotalofcashoutflowfromfinancingactivities | 1,243,705,863.29 | 852,767,599.74 | 45.84% |
Netcashflowfromfinancingactivities | -124,921,909.30 | 1,542,712,559.58 | -108.10% |
Netincreaseincashandcashequivalents | -361,823,264.97 | 539,269,123.28 | -167.10% |
Explanationofmaininfluencingfactorsforyear-on-yearsignificantchangesinrelateddata?Applicable□Notapplicable
Netcashflowfromoperatingactivities:Comparedwiththesameperiodoflastyear,itincreasedbyRMB
716.36millionor318.67%duringthereportingperiod.Themainreasonisthatsalescollectionandpurchasepaymentswererelativelybalanced.Lastyearduringthereportingperiod,andmaterialpurchaseisincreasedinresponsetotheriseinmaterialpricesandmaterialshortages.Netcashflowfromfinancingactivities:Comparedwiththesameperiodoflastyear,itdecreasedbyRMB
901.09millionor167.10%duringthereportingperiod.mainlyduetothereceiptoffundsraisedbynon-publicofferingofsharesandequityincentivesduringthesameperiodoflastyear.ReasonsforthesignificantdifferencebetweenthenetcashflowgeneratedbytheCompany'soperatingactivitiesandthenetprofitofthecurrentyearinthereportingperiod
□Applicable?NotapplicableV.Analysisofnon-mainbusiness
?Applicable□Notapplicable
Unit:RMB
Amount | Proportionintotalprofit | Explanationofreasons | Whetheritissustainable | |
Incomefrominvestment | 564,908.47 | 0.09% | Themainreasonistheprofitsandlossesoflong-termequityinvestment,incomeoffinancialproductsandprofitsandlossesofforwardexchangetransactionbusinessaccountedbyequitymethodduringthereportingperiod | No |
Profitandlossfromchangesinfairvalue | 87,818,625.99 | 13.87% | Themainreasonisthechangesinfairvaluefromexternalinvestmentduringthereportingperiod | No |
Impairmentofassets | -119,329,962.08 | -18.84% | Themainreasonistheprovisionforinventoryfallingpricereservesandexpectedcreditimpairmentlosses | No |
Non-operatingincome | 6,343,380.95 | 1.00% | No | |
Non-operatingexpenses | 9,310,001.33 | 1.47% | No |
VI.Analysisofassetsandliabilities
1.Significantchangesinassetcomposition
Unit:RMB
Endof2022 | Early2022 | Increaseordecreaseofproportion | Explanationofmajorchanges | |||
Amount | Proportionintotalassets | Amount | Proportionintotalassets | |||
Monetarycapital | 1,403,026,071.34 | 13.54% | 1,767,580,056.07 | 18.40% | -4.86% | Nosignificantchanges |
Accountsreceivable | 2,549,734,039.66 | 24.60% | 2,188,161,465.48 | 22.78% | 1.82% | Nosignificantchanges |
Inventory | 1,992,952,212.53 | 19.23% | 2,184,402,766.04 | 22.74% | -3.51% | Comparedwiththebeginningoftheperiod,itdecreasedbyRMB191.45millionor8.76%duringthereportingperiod.Themainreasonisthatduringthesameperiodlastyear,someoftherawmaterialsinshortsupplywerestockedupinresponsetotheimpactofshortageofrawmaterialsupply,resultinginadecreaseinthestockingandtheconsumptionofinventoryduringthereportingperiod. |
Investmentproperty | 106,242,777.85 | 1.03% | 86,975,114.31 | 0.91% | 0.12% | Nosignificantchanges |
Long-termequityinvestment | 23,550,658.91 | 0.23% | 26,119,127.82 | 0.27% | -0.04% | Nosignificantchanges |
Fixedassets | 1,840,358,093.74 | 17.76% | 1,299,517,887.54 | 13.53% | 4.23% | Comparedwiththebeginningoftheperiod,itincreasedbyRMB540.84 |
millionor41.62%duringthereportingperiod.Themainreasonisthatduringtheperiod,theOperationCenterProjectinNingboEastChinaandOperationCenterProjectinIndiaconstructedwasavailableandtransferredintofixedassets.
Constructioninprogress | 234,775,312.11 | 2.27% | 495,248,025.93 | 5.16% | -2.89% | Comparedwiththebeginningoftheperiod,itdecreasedbyRMB260.47millionor52.59%duringthereportingperiod.Themainreasonisthatduringthereportingperiod,theNingboEastChinaOperationCenterProjectconstructedwasavailableandtransferredfromthestatusofconstructioninprogresstofixedassets,whiletheinvestmentfortheconstructionofHuizhouYAKOAutomationTechnologyCo.,Ltd.andRomaniaOperationCenterduringthesameperiodwasincreased. |
Right-of-useassets | 106,196,901.87 | 1.02% | 58,168,151.88 | 0.61% | 0.41% | Comparedwiththesameperiodoflastyear,itincreasedbyRMB48.03millionor82.57%duringthereportingperiod.ThemainreasonisthatoverseascompaniessuchasRomaniaandMexicoaddedleaseexpensesduringthereportingperiod. |
Short-termloans | 283,351,495.57 | 2.73% | 409,531,107.26 | 4.26% | -1.53% | Comparedwiththesameperiodoflastyear,itdecreasedbyRMB126.18millionor30.81%duringthereportingperiod.Themainreasonisthattheshort-termloanduewasrepaidduringthereportingperiod. |
Contractualliabilities | 138,281,929.17 | 1.33% | 93,328,006.70 | 0.97% | 0.36% | Comparedwiththesameperiodoflastyear,itincreasedbyRMB44.95millionor48.17%duringthereportingperiod.Themainreasonisthattheadvancereceivedoncontractincreasedcomparedwiththesameperiodoflastyear. |
Long-termloans | 581,500,000.00 | 5.61% | 475,020,000.00 | 4.94% | 0.67% | Nosignificantchanges |
Leaseliabilities | 73,610,791.09 | 0.71% | 40,290,402.14 | 0.42% | 0.29% | Nosignificantchanges |
Highproportionofoverseasassets?Applicable□Notapplicable
Unit:RMB
Assetdetails | Reasonsofformation | Assetsize | Location | Operationmode | Controlmeasurestoensurethesafetyofassets | Earningposition | ProportionofforeignassetstonetassetsoftheCompany | Whetherthereisasignificantriskofimpairment |
OperationCenterinIndia | Investmentandestablishment | 448,625,579.50 | Pune,India | R&D,productionandsales | Financialsupervisionandexternalaudit | 5,437,727.96 | 7.83% | No |
VietnamDongNaiOperationCenter | Investmentandestablishment | 627,512,658.02 | DongNaiProvince,Vietnam | R&D,productionandsales | Financialsupervisionandexternalaudit | 50,195,927.62 | 10.95% | No |
2.Assetsandliabilitiesmeasuredatfairvalue?Applicable□Notapplicable
Unit:RMB
Items | Openingbalance | Profitsandlossesfromchangesinfairvalueinthecurrentperiod | Changesincumulativefairvalueincludedinequity | Impairmentaccruedinthecurrentperiod | Purchaseamountinthecurrentperiod | Amountsoldinthecurrentperiod | Otherchanges | Closingbalance |
Financialassets | ||||||||
1.Tradablefinancialassets(excludingderivativefinancialassets) | 214,999,336.74 | 87,818,625.99 | 235,563,333.30 | 97,141,487.58 | 57,000,000.00 | 342,959,450.31 | ||
Subtotaloffinancialassets | 214,999,336.74 | 87,818,625.99 | 235,563,333.30 | 97,141,487.58 | 57,000,000.00 | 342,959,450.31 | ||
Totaloftheabove | 214,999,336.74 | 87,818,625.99 | 235,563,333.30 | 97,141,487.58 | 57,000,000.00 | 342,959,450.31 | ||
Financialliabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
ContentsofotherchangesNoneWhethertherearesignificantchangesinthemeasurementattributesoftheCompany'smainassetsduringthereportingperiod
□Yes?No
3.RestrictedassetrightsbytheendofthereportingperiodSeeSectionsX,VII,and(LXXXI)ofthisreportfordetails.
VII.Investmentanalysis
1.Generalsituation?Applicable□Notapplicable
Investmentinthereportingperiod(RMB) | Investmentamountinthesameperiodoflastyear(RMB) | Rangeofchange |
42,352,940.00 | 68,500,000.00 | -38.17% |
2.Majorequityinvestmentobtainedduringthereportingperiod
□Applicable?Notapplicable
3.Majornon-equityinvestmentobtainedduringthereportingperiod
□Applicable?Notapplicable
4.Investmentinfinancialassets
(1)Securitiesinvestment
□Applicable?NotapplicableTherewasnosecuritiesinvestmentduringthereportingperiod.
(2)Derivativesinvestment?Applicable□NotapplicableDerivativeinvestmentsforhedgingpurposesduringthereportingperiod?Applicable□Notapplicable
Unit:RMBtenthousand
Typesofderivativesinvestment | Initialinvestmentamount | Profitsandlossesfromchangesinfairvalueinthecurrentperiod | Changesincumulativefairvalueincludedinequity | Purchaseamountduringthereportingperiod | Amountsoldduringthereportingperiod | Endingamount | ProportionofinvestmentamountattheendoftheperiodinnetassetsoftheCompanyattheendofthereportingperiod |
Forwardsettlementandsaleofforeignexchange | 51,097.04 | 0 | 0 | 51,097.04 | 51,097.04 | 0 | 0.00% |
Total | 51,097.04 | 0 | 0 | 51,097.04 | 51,097.04 | 0 | 0.00% |
Explanationofaccountingpoliciesandspecificaccountingprinciplesforhedgingbusinessduringthereportingperiod,aswellaswhethertherehavebeensignificantchangescomparedtothelastreportingperiod | TheCompanyhasmadecorrespondingaccountingandpresentationforforeign-exchangederivativetransactiontobedoneaccordingtoAccountingStandardsforBusinessEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments,AccountingStandardsforBusinessEnterprisesNo.24-HedgeAccounting,AccountingStandardsforBusinessEnterprisesNo.37-PresentationofFinancialInstrumentsissuedbyMinistryofFinance,andotherregulationsandguides.Foreignexchangederivativecontractswereinitiallyandsubsequentlymeasuredusingtradingfinancialassets,whichfairvalueispricedbyfinancialinstitutionsbasedonopenmarkettradingdata,andtherehasbeennosignificantchangecomparedtothelastreportingperiod. | ||||||
Explanationofactualprofitsandlossesinthereportingperiod | Amountincludedincurrentprofitandlossfromforeign-exchangederivativetransactionconductedduringthereportingperiodwasapproximatelyRMB2.9942million. | ||||||
Explanationofhedgingeffect | TheCompanyconductedforwardexchangetransaction,effectivelyreducingtheriskofexchangefluctuationsthroughreasonableRMBforwardexchangetransaction,focusingonfuturetransactioncostsandincomes,andachievingassethedgingwiththeaimofavoidingrisks. | ||||||
Capitalsourcesofderivativesinvestment | Self-owncapitals | ||||||
Riskanalysisandcontrolmeasuresofderivativespositionsinthereportingperiod(includingbutnotlimitedtomarketrisk,liquidityrisk,creditrisk,operationalrisk,legalrisk,etc.) | I.RiskanalysisofforwardexchangetransactionTheforwardexchangetransactionbusinesscarriedoutbytheCompanyanditssubsidiariesfollowedtheprincipleoflockinginexchangerateriskandnotengaginginspeculativeorarbitragetradingoperations.However,therewerestillcertainrisksinforwardexchangetransactionoperations:1.Exchangeratefluctuationrisk:Intheeventofsignificantfluctuationsinexchangerates,iftheforwardsettlementexchangeratestipulatedintheconfirmationletterforforwardexchangetransactionswaslowerthanthereal-timeexchangerateonthesettlementday,itwillcauseexchangelosses.2.Internalcontrolrisk:Becauseforwardexchangetransactionsarehighlyspecialized,risksmayariseduetoinadequateinternalcontrolsystems.3.Customerdefaultrisk:Ifthecustomer'saccountsreceivableareoverdueandthepaymentcannotbecollectedwithinthepredictedpaymentperiod,itwillcauseadelayinforwardexchangesettlementandresultinlossesfortheCompany.4.Riskofpaymentcollectionprediction:Ingeneral,theSalesDepartmentoftheCompanypredictspaymentcollectionbasedoncustomerordersandexpectedorders.Nonetheless,duringtheactualexecutionprocess,customersmayadjusttheirownordersandtheCompanymaymakeaninaccuratepaymentprediction, |
leadingtotheriskofdelayeddeliveryofforwardexchangesettlement.5.Legalrisk:ChangesinrelevantlawsorviolationsofrelevantlegalsystemsbycounterpartiesmayresultincontractsbeingunabletobeexecutednormallyandcauselossestotheCompany.II.Riskcontrolmeasures1.TheCompanyhasformulatedtheInternalControlSystemforForwardExchangeTransactions,whichprovidesclearregulationsontheCompany'sforeignexchangetransactionoperatingprinciples,approvalauthority,internaloperatingprocedures,responsibledepartmentsandindividuals,informationisolationmeasures,andriskmanagementforforwardexchangetransaction,andcanmeettheneedsofpracticaloperations,anditsinternalcontrolandriskmanagementmeasuresformulatedarepracticalandeffective.2.ThefinancecenterandauditdepartmentoftheCompany,asrelevantresponsibledepartments,haveclearmanagementpositioningandresponsibilities,andresponsibilitiesareassignedtotheirpositions.Throughthishierarchicalmanagement,therisksofsinglepersonorindividualdepartmentoperationsarefundamentallyeliminated,andthespeedofriskresponseisalsoimprovedwhileeffectivelycontrollingrisks.3.Topreventdelayeddeliveryofforwardexchangetransactions,theCompanyattachesgreatimportancetothemanagementofaccountsreceivableandactivelycollectsaccountsreceivabletoavoidthephenomenonofoverdueaccountsreceivable.4TheCompanyengagesinfinancialderivativetransactionbusinesswithlargecommercialbankswithlegalqualifications,closelymonitorsrelevantlawsandregulationsinthefield,avoidingpotentiallegalrisks.5.TheCompany'sforwardexchangetransactionsmustbebasedonacautiouspredictionforforeigncurrencyreceipts(payments)oftheCompany,andtheforeigncurrencyamountoftheforeignexchangetransactioncontractmustnotexceed90%oftheannualplannedtotalamountofforeigncurrencyreceipts(payments).ThedeliveryperiodofforwardexchangetransactionsneedstomatchtheCompany'spredictedforeigncurrencycollectiontime. | |
Changesinmarketpriceorfairvalueofproductsoftheinvestedderivativesduringthereportingperiod,andthedisclosureofspecificmethodsusedandrelevantassumptionsandparameterssetintheanalysisofthefairvalueofderivatives | Determinechangesinfairvaluebasedonmarketquotesfromexternalfinancialinstitutions. |
Litigation(ifapplicable) | Notapplicable |
DisclosuredateofBoardofDirectorsannouncementforapprovalofderivativesinvestment(ifany) | January15,2022 |
DisclosuredateofShareholders'Meeting |
announcementforapprovalofderivativesinvestment(ifany) | |
SpecialopinionsofindependentdirectorsonderivativesinvestmentandriskcontroloftheCompany | TheforwardexchangetransactionscarriedoutbytheCompanyistomeettheneedsofnormalproductionandoperation,notsolelyforprofit,andtheCompanyhasalsoformulatedtheInternalControlSystemforForwardExchangeTransactionstoavoidandpreventexchangeratefluctuationrisksandstrengthenriskmanagementandcontrol.Fordetails,pleaserefertotheCompany'sdisclosureonIndependentOpinionsofIndependentDirectorsonMattersRelatedtothe19thMeetingofthe7thBoardofDirectorsonhttp://www.cninfo.com.cnonJanuary15,2022 |
2)Derivativeinvestmentforspeculativepurposesduringthereportingperiod
□Applicable?NotapplicableTherewasnoderivativeinvestmentforspeculativepurposesduringthereportingperiod.
5.Usageofraisedcapitals?Applicable□Notapplicable
(1)Generaluseofraisedcapitals?Applicable□Notapplicable
Unit:RMBtenthousand
Yearofraisingcapitals | Waysofraisingcapitals | Totalamountofraisedcapitals | Totalamountofraisedcapitalsusedinthecurrentperiod | Totalamountofraisedcapitalsused | Totalamountofraisedcapitalsforchangeofpurposeduringthereportingperiod | Cumulativetotalamountofraisedcapitalswithchangedpurposes | Cumulativetotalamountproportionofraisedcapitalswithchangedpurposes | Totalamountofunusedraisedcapitals | Purposeanddestinationofunusedraisedcapitals | Amountofraisedcapitalswhichhavebeenidleformorethantwoyears |
2019 | Publicofferingofconvertiblebonds | 56,543.65 | 5,767.75 | 44,568.25 | 0 | 0 | 11,975.40 | Temporaryreplenishmentanddepositinthespecialaccountforraisedcapitals | 0 | |
2021 | Non-publicofferingofshares | 103,684.71 | 6,095.45 | 40,635.32 | 61,000 | 61,000 | 58.83% | 63,049.39 | Temporaryreplenishmentanddepositinthespecialaccountfor | 0 |
raisedcapitals | ||||||||||
Total | -- | 160,228.36 | 11,863.20 | 85,203.57 | 61,000 | 61,000 | 38.07% | 75,024.79 | -- | 0 |
Generaluseofraisedcapitals | ||||||||||
1.Actualamountandtimeofarrivalofcapitalsraised(1)Publicofferingofconvertiblecorporatebondstoraisefundsin2019TheCompanypubliclyissued5.73millionconvertiblecorporatebondsonMarch7,2019,eachwithaparvalueofRMB100,withatotalamountofRMB573million,withtheapprovalintheReplyofChinaSecuritiesRegulatoryCommissionontheApprovalofPublicOfferingofConvertibleCorporateBondsbyShenzhenTopbandCo.,Ltd.(ZJXK[2018]No.1842).throughpriorityplacementtooriginalshareholders,offeringofthebalanceafterpriorityplacementtooriginalshareholders(includingthepartforwhichtheoriginalshareholdersgaveuppriorityplacement)topublicinvestorsonlinethroughthetradingsystemofShenzhenStockExchange,andstand-byunderwritingofthepartwiththesubscriptionamountlessthanRMB573millionbyleadunderwriters.CapitalswithatotalamountofRMB573,000,000.00wereraised,andthenetcapitalsraisedwereRMB565,436,509.42afterdeductionofalltheissuancecostsamountingtoRMB7,563,490.58.ThecapitalsarrivedonMarch13,2019.RuihuaCertifiedPublicAccountants(SpecialGeneralPartnership)verifiedthearrivalandissuedtheCapitalVerificationReport(RHYZ[2019]No.48270001).(2)Non-publicofferingofsharestoraisecapitalsin2021ShenzhenTopbandCo.,Ltd.issued92,105,263commonstockstospecifictargetsinprivateatthepriceofRMB11.40perstock,withaparvalueofRMB1perstock,withtheapprovalintheReplyofChinaSecuritiesRegulatoryCommissionontheApprovalofNon-publicOfferingofSharesbyShenzhenTopbandCo.,Ltd.(ZJXK[2020]No.1865).ThetotalamountoffundsraisedwasRMB1,049,999,998.20,andthenetfundsactuallyavailableforusewereRMB1,036,847,068.71afterdeductionofalltheissuancecostsamountingtoRMB13,152,929.49(tax-exclusive).ThefundsweretransferredtotheCompany'sspecialaccountforraisingfundsonMay10,2021.BakerTillyChinaCertifiedPublicAccountants(SpecialGeneralPartnership)verifiedthearrivalandissuedtheCapitalVerificationReport(TZYZ[2021]No.29460)forthecapitals.2.Usageamountandbalanceoffundsraisedin2021(1)Useofcapitalsraisedbypublicissuingofconvertiblebondsin2019AsofDecember31,2022,theCompanyhasinvestedRMB445.6825millionincapital-raisingprojects.Amongthem,RMB419.4477millionwasdirectlyinvestedinthecapital-raisingprojects,andRMB26.2348millionwasreturnedbeforetheraisedcapitalswereputinplace.OnDecember31,2022,RMB120millionidleraisedcapitalshavebeenusedtotemporarilysupplementtheworkingcapital;asofDecember31,2022,thebalanceoftheraisedcapitalsaccountisRMB6.3618million(includinginterestincome).(2)Non-publicofferingofsharestoraisecapitalsin2021AsofDecember31,2022,theCompanyhasinvestedRMB406.3532millionincapital-raisingprojects.Amongthem,RMB360.95453millionwasdirectlyinvestedinthecapital-raisingprojects,andRMB45.3987millionwasreturnedbeforetheraisedcapitalswereputinplace.OnDecember31,RMB2022,590millionidleraisedcapitalshavebeenusedtotemporarilysupplementtheworkingcapital;asofDecember31,2022,thebalanceoftheraisedcapitalsaccountisRMB40.9477million(includinginterestincome). |
(2)Situationofprojectscommittedwhenraisingcapitals?Applicable□Notapplicable
Unit:RMBtenthousand
Committedinvestmentprojectsandinvestmentdirectionofoverraisedcapitals | Whethertheprojecthasbeenchanged(includingsomechanges) | Totalcommittedinvestmentofraisedcapitals | Totalinvestmentafteradjustment(1) | Amountinvestedduringthereportingperiod | Accumulatedinvestmentbytheendoftheperiod(2) | Investmentprogressbytheendoftheperiod(3)=(2)/(1) | Thedatewhentheprojectisreadyforuse | Benefitsachievedduringthereportingperiod | Whethertheexpectedbenefitsareachieved | Wherethereisanysignificantchangeinthefeasibilityoftheproject |
Committedinvestmentprojects | ||||||||||
ConstructionprojectofTopbandEastChinaOperationCenter | No | 56,543.65 | 56,543.65 | 5,767.75 | 44,568.25 | 78.82% | Somearealreadyinuseandtherestareunderconstruction | -2,561.74 | Notapplicable | No |
TopbandHuizhouNo.2IndustrialParkProject | Yes | 73,684.71 | 12,684.71 | 4,539.87 | 35.79% | Notapplicable | No | |||
TopbandNantongIndustrialParkPhase-IStage-1Project | Yes | 61,000 | 6,095.45 | 6,095.45 | 9.99% | Notapplicable | No | |||
ReplenishtheCompany'sworkingcapital | No | 30,000 | 30,000 | 30,000 | 100.00% | Notapplicable | No | |||
Subtotalofcommittedinvestmentprojects | -- | 160,228.36 | 160,228.36 | 11,863.20 | 85,203.57 | -- | -- | -- | -- | |
Investmentdirectionofoverraisedcapitals | ||||||||||
None | ||||||||||
Total | -- | 160,228.36 | 160,228.36 | 11,863.2 | 85,203.57 | -- | -- | -2,561.74 | -- | -- |
Explanationofthesituationandreasonsoffailingtoreachtheplannedprogressorexpectedincome(byspecificproject)(includingthereasonforselecting"NA"for"whethertheexpectedincomehasbeenachieved") | None | |||||||||
Explanationofmajorchangesinprojectfeasibility | None | |||||||||
Amount,useandprogressofoverraisedcapitals | Notapplicable | |||||||||
Changeofimplementationlocationofinvestmentprojects | Applicable | |||||||||
Applicable | ||||||||||
1.OnJanuary8,2022,theCompanyheldthe18thMeetingofthe7thBoardofDirectors,deliberatedandpassedtheProposalonImplementationMode,SubjectandLocationofChangesinSomeCapital-raisingProjects,andagreedthattheCompany |
withraisedcapitals | shouldchangetheimplementationsubject,locationandmodeofthelithiumbatterybusinessintheplannedproject.Specifically,theimplementationplacewaschangedfromHuizhou,GuangdongProvincetoNantong,JiangsuProvince.2.OnAugust18,2022,theCompanyheldthe27th(Extraordinary)Meetingofthe7thBoardofDirectors,deliberatedandpassedtheProposalonChangingImplementationModeandLocationAgaininSomeCapital-raisingProjects,andagreedthattheimplementationmodeandlocationof"TopbandNantongIndustrialParkPhase-IStage-1Project(LithiumBattery)",wherethelocationwaschangedfrom"AreaA,NantongFreeTradeZone,Jiangsu"to"NantongEconomic&TechnologicalDevelopmentArea,Jiangsu". |
Adjustmentofimplementationmodeofinvestmentprojectswithraisedcapitals | Applicable |
Applicable | |
1.OnJanuary8,2022,theCompanyheldthe18thMeetingofthe7thBoardofDirectors,deliberatedandpassedtheProposalonImplementationMode,SubjectandLocationofChangesinSomeCapital-raisingProjects,andagreedthattheCompanyshouldchangetheimplementationsubject,locationandmodeofthelithiumbatterybusinessintheplannedproject.Specifically,theimplementationmodewaschangedfromthelandacquisitionforbuildingconstructiontothedirectpurchasingofbuildingwithinfrastructureconstructed.2.OnAugust18,2022,theCompanyheldthe27th(Extraordinary)Meetingofthe7thBoardofDirectors,deliberatedandpassedtheProposalonChangingImplementationModeandLocationAgaininSomeCapital-raisingProjects,andagreedthattheimplementationmodeandlocationof"TopbandNantongIndustrialParkPhase-IStage-1Project(LithiumBattery)",wherethemodewaschangedfrom"thedirectpurchasingofplantwithinfrastructureconstructed"to"thelandacquisitionforplantconstruction". | |
Upfrontinvestmentandreplacementofinvestmentprojectswithraisedcapitals | Applicable |
1.TheCompanyinvestedRMB26.2348millioninadvanceintheoperationcenterprojectofTopbandEastChinawithself-raisedcapitals.RuihuaCertifiedPublicAccountants(specialgeneralpartnership)conductsaspecialauditontheabovematters,andissuestheAuthenticationReportontheReportofShenzhenTopbandCo.,Ltd.ontheInvestmentProjectswithSelf-raisedCapitalsinAdvance(RHHZ[2019]No.48250027).OnJuly25,2019,the25thMeetingofthe5thBoardofDirectorsoftheCompanydeliberatedandpassedtheProposalonUsingRaisedCapitalstoReplaceSelf-raisedCapitalsInvestedinAdvance.AsofDecember31,2022,theCompanyhascompletedthereplacementofself-raisedcapitalsinvestedinadvance.2.TheCompanyinvestedRMB45.3987millioninTopbandHuizhouNo.2IndustrialParkProjectwithself-raisedfundsinadvance.BakerTillyChinaCertifiedPublicAccountants(SpecialGeneralPartnership)conductedaspecialauditonthematterabove,andissuedtheAuthenticationReportofPre-investmentofShenzhenTopbandCo.,Ltd.intheInvestmentProjectofFundsRaisedwithSelf-raisedFunds(TZYZ[2021]No.31911).The10thMeetingofthe7thBoardofDirectorswasheldtoreviewandapprovetheProposalonReplacementofPre-investedSelf-raisedFundswithFundsRaisedonJune8,2021.AsofDecember31,2022,theCompanyhascompletedthereplacementofself-raisedcapitalsinvestedinadvance.TheBoardofSupervisors,IndependentDirectorsandSponsorInstitutionsoftheCompanyallexpressedtheirclearconsentonthematter. | |
Temporaryreplenishmentofworkingcapitalwithidlecapitalsraised | Applicable |
OnFebruary15,2022,theCompanyheldthe20thMeetingofthe7thBoardofDirectors,deliberatedandpassedtheProposalonTemporarilyReplenishingWorkingCapitalwithSomeIdleRaisedCapitals,andagreedthattheCompanyshouldtemporarilyreplenishworkingcapitalwithnomorethanRMB840millionofidlecapitalsraised,withaperiodofnotmorethan12months.Theabovecapitalshavebeenfullyreturnedtotheraisedcapitalsaccountwithinthevalidityperiodofthedeliberation.AsofDecember31,2022,RMB71,000oftemporarysupplementarycurrentassetshavebeenused.TheBoardofSupervisors,IndependentDirectorsandSponsorInstitutionsoftheCompanyallexpressedtheirclearconsentonthematter. | |
Amountandreasonsofthebalanceofraisedcapitalsinprojectimplementation | Notapplicable |
Purposeandwhereaboutsofunusedraisedcapitals | 1.OnFebruary15,2022,theCompanyheldthe20thMeetingofthe7thBoardofDirectors,deliberatedandpassedtheProposalonTemporarilyReplenishingWorkingCapitalwithSomeIdleRaisedCapitals,andagreedthattheCompanyshouldtemporarilyreplenishworkingcapitalwithnomorethanRMB840millionofidlecapitalsraised,withaperiodofnotmorethan12months.Theabovecapitalshavebeenfullyreturnedtotheraisedcapitalsaccountwithinthevalidityperiodofthedeliberation.AsofDecember31,2022,RMB71,000oftemporarysupplementarycurrentassetshavebeenused.2.OnMarch22,2022,theCompanyheldthe21stMeetingofthe7thBoardofDirectors,deliberatedandpassedtheProposalonPurchasingCashFinancialProductswithSomeIdleRaisedCapitalsandSelf-ownFunds,andagreedthattheCompanyshouldpurchaseshort-termprincipal-protectedbankfinancialproductswithnomorethanRMB100millionofidleraisedcapitalsandnomorethanRMB600millionofself-ownfunds.Thecapitalscanbeusedonarollingbasiswithintheamountabove.AsofDecember31,2022,theCompanyhaspurchasednofinancialproductswiththeidleraisedcapitals. |
TheBoardofSupervisors,IndependentDirectorsandSponsorInstitutionsoftheCompanyallexpressedtheirclearconsentonthematter.3.TheremainingunusedraisedcapitalsaredepositedintheCompany'sspecialaccountforraisingfunds. | |
Problemsorothersituationsintheusageanddisclosureofraisedcapitals | None |
(3)Changeofprojectswithraisedcapitals?Applicable□Notapplicable
Unit:RMBtenthousand
Changedprojects | Originalprojectscommitted | Totalamountofraisedcapitalstobeinvestedinthechangedproject(1) | Actualinvestmentduringthereportingperiod | Actualaccumulatedinvestmentbytheendoftheperiod(2) | Investmentprogressbytheendoftheperiod(3)=(2)/(1) | Thedatewhentheprojectisreadyforuse | Benefitsachievedduringthereportingperiod | Whethertheexpectedbenefitsareachieved | Whethertherewasasignificantchangeinthefeasibilityofthechangedproject |
TopbandNantongIndustrialParkPhase-IStage-1Project | TopbandHuizhouNo.2IndustrialParkProject(LithiumBattery) | 61,000 | 6,095.45 | 6,095.45 | 9.99% | 0 | Notapplicable | No | |
Total | -- | 61,000 | 6,095.45 | 6,095.45 | -- | -- | 0 | -- | -- |
Reasonsforchange,decision-makingproceduresandinformationdisclosure(byspecificprojects) | (1)InJanuary2022,duetotherapiddevelopmentoftheCompany'slithiumbatterybusinessinrecentyears,thedownstreammarketdemandwasratherstrong.TheCompanyoriginallyplannedtopurchaselandandbuildaplanttopromotethelithiumbatteryproject,withaconstructionperiodof2years.However,intheNantongLithiumBatteryProject,theCompanypurchasedanexistingplantwithinfrastructureconstructed,greatlyshorteningtheconstructionperiod.Inordertofacilitatetheexpansionofthelithiumbatterybusinessassoonaspossible,theCompanyfullyseizedthemarketopportunitiesofthelithiumbatteryindustryandthenewenergyindustry,enhancedtheitsmarketcompetitivenessandoperatingperformance,andthroughthecomprehensiveassessment,plannedtochangetheimplementationsubject,locationandmodeofthelithiumbatterybusinessintheoriginalcapital-raisingproject,soastoutilizethefundsraisedefficiently.TheCompany,afterholdingthe18th(Extraordinary)Meetingofthe7thBoardofDirectors,the15th(Extraordinary)Meetingofthe7thBoardofSupervisors,the1stExtraordinaryGeneralMeetingofShareholdersin2022,deliberatedandpassedtheProposalonImplementationMode,SubjectandLocationofChangesinSomeCapital-raisingProjects,tochangetheimplementationmode,subjectandlocationofthelithiumbatterybusinessintheplannedcapital-raisingprojectwiththenon-publicofferingofsharesin2021. |
(2)InAugust2022,sincetheAdministrativeCommitteeofNantongEconomic&TechnologicalDevelopmentAreachangedtheoverallplanningfortheimplementationlocationofTopbandNantongIndustrialParkPhase-IStage-1Project,takingintoaccounttheefficiencyoftheCompany'scapital-raising,thespeedofthecapital-raisingproject,andtheneedsoftheCompany'sbusinessdevelopment,uponfriendlyconsultationwiththeAdministrativeCommitteeofNantongEconomic&TechnologicalDevelopmentArea,theCompanydecidedtogiveuptherighttopurchasetheuseofrelevantassets,changedtheimplementationmodeandlocationofthecapital-raisingproject,purchasedapproximately250muoflandusagerightintheNantongEconomic&TechnologicalDevelopmentAreausingthecapitalraisedandself-ownfunds,andimplementedthe"TopbandNantongIndustrialParkPhase-IStage-1Project(LithiumBattery)"throughself-builtmode.TheCompany,afterholdingthe27th(Extraordinary)Meetingofthe7thBoardofDirectors,the22th(Extraordinary)Meetingofthe7thBoardofSupervisors,the2ndExtraordinaryGeneralMeetingofShareholdersin2022,deliberatedandpassedtheProposalonImplementationMode,SubjectandLocationofChangesinSomeCapital-raisingProjects,tochangetheimplementationmodeandlocationofthelithiumbatterybusinessintheplannedcapital-raisingprojectwiththenon-publicofferingofsharesin2021.(3)Theabovecontenthasbeendisclosedinstrictaccordancewiththeinformationdisclosurerequirements. | |
Situationandreasonoffailingtoreachtheplannedprogressorexpectedincome(byspecificproject) | Notapplicable |
Explanationofmajorchangesinthefeasibilityofthechangedproject | Notapplicable |
VIII.Saleofmajorassetsandequity
1.Saleofmajorassets
□Applicable?NotapplicableTheCompanydidnotsellanymajorassetsduringthereportingperiod.
2.Saleofmajorequity
□Applicable?NotapplicableIX.Analysisofmajorholdingandequityparticipatingcompanies?Applicable□Notapplicable
Situationofmajorsubsidiariesandequityparticipatingcompanieswithanimpactof10%ormoreonnetprofitoftheCompany
Unit:RMB
Companyname | Companytype | Mainbusiness | Registeredcapital | Totalassets | Netassets | Operatingincome | Operatingprofit | Netprofit |
HuizhouTopbandElectricalTechnologyCo.,Ltd. | Subsidiary | R&D,production,sales,importandexportofelectroniccomponents | 300million | 4,316,877,579.22 | 1,646,365,999.19 | 5,834,382,426.03 | 240,628,824.54 | 216,559,180.57 |
Topband(Vietnam)Co.,ltd | Sub-subsidiary | R&D,production,sales,importandexportofelectroniccomponents | USD12.5million | 225,890,130.09 | 188,392,031.24 | 450,572,867.46 | 94,635,999.17 | 85,146,770.04 |
Situationofacquisitionanddisposalofsubsidiariesduringthereportingperiod?Applicable□Notapplicable
Companyname | Methodofacquisitionanddisposalofsubsidiariesduringthereportingperiod | Impactonoverallproductionandoperationsandresults |
ShenzhenXiaoyouAituInnovationTechnologyCo.,Ltd. | Newlyestablishedandacquired | NosignificantimpactontheresultsoftheReport |
ShenzhenYueshangRobotCo.,Ltd. | Newlyestablishedandacquired | NosignificantimpactontheresultsoftheReport |
ShenzhenTopbandMotorCo.,Ltd. | Newlyestablishedandacquired | NosignificantimpactontheresultsoftheReport |
HuizhouChidingTechnologyCo.,Ltd. | Newlyestablishedandacquired | NosignificantimpactontheresultsoftheReport |
ExplanationofmajorshareholdingcompaniesNoneX.SituationofstructuredentitycontrolledbytheCompany
□Applicable?Notapplicable
XI.ProspectsforthefuturedevelopmentoftheCompany
(I)Socialdevelopmenttrendand2030vision
1.Intellectualization
ThedevelopmentandapplicationexpansionofnewtechnologiessuchasIOT,5G,andAIwillopenupgrowthspaceandcontinuouslyacceleratetheprocessofsocialintelligence.ItisexpectedthattheeconomicvalueaffectedbythetechnologywillexceedUSD60trillionby2030.TheCompanywillcontinuetoexploreinnovativetechnologiesinthefutureworldandexpandnewopportunitiesforindustryintelligenceinvariousapplicationscenariossuchasclothing,food,housingandtransportation,enterprises,andcities.Especiallywiththerapidbreakthroughofuniversalartificialintelligencetechnology,theapplicationofintelligencewillgreatlyaccelerate,andhaveaprofoundimpactonallaspectsofhumansociety.WewillcontinuetostrengthenourtechnologicalinnovationandR&Dcapabilities,constantlyimprovethequalityandefficiencyofintelligentapplications,andprovidecustomerswithmorehigh-qualityservicesandsolutions.
2.Lowcarbonization
Theclimatecrisiscausedbygreenhousegasesisdeepeningyearbyyear,drivingenergyconservationandcarbonreductioninvariouscountriesaroundtheworld.Itisexpectedthatby2050,China'scumulativeinvestmentinvariousaspectssuchasenergyproduction,energyuse,andecologywillreachRMB300trillion.TheCompanywillusethetechnologyof"fourelectricsandonenetwork"andseizethemarketopportunitiesbroughtbythe"carbonpeakingandcarbonneutrality"policy,helpinggloballow-carbondevelopment.
TheCompanyfaceshistoricnewopportunitiesinareassuchasgreennewenergy,energystorage,andefficientenergyuse.WewillcontinuetostrengthenourtechnologicalinnovationandR&Dcapabilities,expandnewmarketopportunitiesinthelow-carbonfield,providecustomerswithmorehigh-qualitysolutionsandservices,andcontributeourstrengthtothegloballow-carbondevelopment.
3.Internationalization
Astheglobalsupplychainfluctuatesmoretempestuously,itssafetyrisksareincreasing,andthesupplychainisdevelopingtowardsmulticentralization,internationalizationandmultiregionallocalization.Ontheonehand,withtheincreasingcomplexity,personalization,anddifferentiationofterminalproducts,theproductR&Danddeliveryarerequiredtobefast,andthequalitybereliableandstable.China'sindustrialclustersandengineerdividendshavepromotedthetransferofindustriestoChina.Ontheotherhand,withtheimpactofinternationaltradeconflicts,geopoliticalfactors,andotherfactors,theriskofasingleChineseindustrialchainhassignificantlyincreased.Combined,theindustrywillgraduallyshowatrendofmainlyfocusingonChinaanddevelopingtowardsmultipleregionssuchasSoutheastAsiaandNorthAmerica.TheCompanywillactivelyrespondtonew
challengesinthesupplychain,expandnewopportunitiesinmultipleregions,andacceleratethepaceofinternationalization.2030visionoftheCompanyBy2030,theCompany'sgoalistoprovidecustomerswithintelligentsolutionsthroughdeepinsightintothepainpointsofusers,scenarios,andindustries,makingtheworldsmarterandlow-carbon.Anintelligentsocietyistheirresistibletrend,withalong-term,continuous,wide-rangingandfar-reachingchange,whichwilldeeplyaffectmodernlifeandchangetheformofproducts.Weshallseizethehistoricalopportunityofintelligent,scenario-based,greenandlow-carbondevelopment,activelyinnovatebusinessmodels,maketransformfromcomponentstoproductsandthentosolutions,innovatehomeappliancebusinessaroundthe"fourelectricsandonenetwork"technology,cultivateblueoceanmarket,expandtoolbusinessproductcategories,maintainleadingmarketshare,andacceleratethedevelopmentofnewenergyandindustrialbusiness,achievingscalegrowth.(II)DevelopmentstrategiesoftheCompany
1.FocusingonstrategyforsustainedandeffectivegrowthIn2021,basedontheCompany'sinterimdevelopmentgoalsfor2025,avisionblueprintforthenextdecadewasformulated,andthelong-termdevelopmentgoalsfor2030wereclearlyproposed.TheCompanywillcontinuetofocusonscalegrowthasitscoregoal,deepentheimplementationofthefivestrategicpoliciesof"scalegrowth,closecustomerrelationship,innovation-drivendevelopment,agileoperationandorganizationalevolution",buildapyramidprofitmodel,enhanceleadingpositioninglobalintelligentcontrolsolutionproviders,andachievesustainedandeffectivegrowth.
TheCompanywillprovideone-stopintelligentcontrolsolutionsandservicesfortheworld'sleadingbrandcustomerswiththeadvantageofthe"fourelectricsandonenetwork"technology,especiallyincreasingbusinessdevelopmentinthenewenergyindustry,focusingonfourmainbusinessesofthe"homeappliances+tools+newenergy+industry",andmakegooduseofthecapitalmarketplatformtoachievehighgrowthinoperatingincomescalethroughacombinationofendogenousandextendedmethods.
2.Continuouslyenhancinginnovation-driventechnologyandproductcompetitiveness
TheCompanywilladheretoinnovation-drivendevelopment,continuouslymaintainR&Dinvestment,strengthenbasicandcutting-edgetechnologyresearch,constructtechnologycontrolpoints,strengthenproductlineconstructionandcreatemorehigh-qualityproductplatforms,promotetheprotectionofintellectualassetssuch
aspatentsandtradesecrets,buildtechnologicalbarriers,cultivateinnovativegrowthengines,andstrengthenthecultivationofinnovativetalents.Atthesametime,theCompanywillseizedevelopmentopportunitiessuchas"intelligence"and"low-carbon",activelyexploreinnovativebusinessessuchastheInternetofThingsandgreencommuting,consolidateandexpandthecoretechnicalcapabilitiesofthe"fourelectricsandonenetwork",enhancemarketandproductdevelopmentcapabilities,andexploremorehigh-valuemarkets.TheCompanyhasidentifiedkeydevelopmentplansfor"knock-outproducts"invariousfields,focusedonstrategicopportunitiesandstrengthenedinnovationeffortsaroundkeycategories.
3.Agileoperationforimprovingquality,reducingcosts,andincreasingefficiencyTheCompanywilldeepentheimplementationofagileoperationstrategy,continuouslyoptimizebusinessprocessessuchasstrategy,marketing,R&D,sales,purchase,andafter-sales,andimproveend-to-endefficiency.TheCompanywillalsoincreaseeffortstoreducecostsandincreaseefficiency,andcomprehensivelyutilizevariousmeanssuchasR&Danddesigncostreduction,purchasecostreduction,andmanufacturingcostreductiontoachieveeffectivecostreductionformatureproducts.
4.Organizationalreformandcontinuousevolutionofprocess-orientedorganizationsPromoteorganizationalevolutionstrategy,strengthentalentteambuilding,quicklyincreasethenumberofkeypositions,strengthenthecapacitybuildingofthemiddleofficeandbackground,betterempowertheirontriangleteam,andcreateacustomer-centeredprocess-orientedorganization.
5.Accelerateinternationallayoutandbuildglobalmulti-basedeliverycapabilitiesTheCompanywillcontinuetostrengthenitsclosecustomerrelationshipstrategy.Inordertomeettheneedsofcustomersforfastandnearbydelivery,andincombinationwithbusinessneeds,theCompanyhasestablishedoperationcenters,productionandmanufacturingcenters,R&Dcenters,andrepresentativeofficesinmultiplelocationsaroundtheworld.Duringthereportingperiod,theCompanyacceleratedthegradeabilityofproductioncapacityinVietnamandIndia,andacceleratedtheconstructionandmassproductionintroductionoffactoriesinMexicoandRomania;atthesametime,theCompanyutilizedtheadvantagesofgloballayouttostrengthensupplychainintegrationandenhancelocalpurchasecapabilities.
(III)Businessplanof2023
1.Realizescalegrowth:Basedonthecoretechnologyof"fourelectricsandonenetwork",continuetoimplementthestrategyofleadingcustomers,leverageplatformadvantages,andincreasetheshareofoverseas
factoriestoachievescalegrowthinvariousindustries,andincreasetheproportionofhigh-valueproductsandautonomousandcontrollablebusinesses;
2.Enhanceprofitability:Byimplementing"threereductionsandoneoptimization"andprocessoptimization,andenhancingthelevelofdigitalizationandautomation,improvetheCompany'soverallcostefficiency,increaseefficiencyandreducecosts,enhancetheCompany'sprofitability,andimprovecashflowfromoperatingactivities;
3.Organizationalevolution:Incubatelarge-scaleBUs,createanoutspokencorporateculture,strengthenthesenseofmissionandinternaldriveofallTopbandstaff,stimulatethecreativityofallemployees,unleashpotential,anddriveemployeesuccess.
(IV)Funddemandandutilizationplan
TheCompanyisinastageofrapiddevelopmentandhasasignificantfundingdemandintermsofequipmentupgradesandexpansionofproductioncapacity.TheCompanyhasagoodcreditstanding,soitisabletogetstrongsupportfromthebankinatimelymanner.In2023,theCompanywillcombineitsowndevelopmentsituationanddevelopmentstrategy,andmakereasonableuseofvariouscapital-raisingchannelstoraisethenecessaryfundsfortheCompany'sdevelopment.
(V)RisksfacedbytheCompanyandcountermeasures
1.Externalriskssuchasthemacroenvironment
Tradefrictionsandgeopoliticaltensionswillalsoproduceadverseinfluencesonbusinessconfidenceandinvestment.TheCompanymaycontinuetofaceanuncertainexternalenvironment,sowewillfurtherstrengthenriskidentificationandcontrolforvariousbusinessesandregionsandadjuststrategiestimelytominimizeexternalinfluences.
2.Risksoftechnologyupgrading
Theintelligentcontrollerindustrytechnology,asthemainbusinessoftheCompany,isdevelopingrapidlywithfastproductupgradingandshortlifecycle.AlthoughtheCompanycontinuestoinvestinresearchanddevelopmentandownsanumberofinventionandutilitypatents,thereisstillariskthatthetechnologywillnotbeupdatedintimetomeetmarketdemand,orlagbehindcompetitorsinlaunchingnewproducts,resultinginadeclineinthemarketshareandprofitabilityoftheCompany.
3.Exchangeraterisk
TheCompany'srevenuefromexportsalesaccountsformorethanhalfoftotalrevenue.Inordertocopewiththeriskofexchangeratefluctuation,theCompanywillreduceandhedgeforeignexchangerisksbyconductingRMBhedgingbusiness,internationalpurchaseandre-pricingofnewproduct.
4.Otherrisks
Therearemanyuncertaintiesinthecurrentmacroenvironmentathomeandabroad,andtherearesomefactorsthatareunfavorabletotheoperationoftheCompany.Forexample,theChina-UnitedStatestradewar,shortageofrawmaterials,risingprice,insufficientlaborandcustomercreditriskwillincreasetheuncertaintyoftheCompany'soperation.XII.Reception,investigation,communication,interviewandotheractivitiesduringthereportingperiod?Applicable□Notapplicable
Timeofreception | Locationofreception | Methodofreception | Typeofreceptionobject | Receptionobject | Maincontentsofinterviewandmaterialsprovided | BasicInformationindexforinvestigation |
2022/1/182022/1/202022/1/21 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | RuiyuanFund,BankofCommunicationsSchroderFund,ChinaOrientAssetManagement,EFundManagementandUBSAM(US) | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/1/24 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | Citibank、ABRDN、AllianzAsia、CHINAREASSETMGMTCOLTD、EurizonCapitalSGRSPA、FountaincapRes&Inv(HK)Co、FullgoalFundManagement、HangSengInvestmentManagement、LazardFreres、MackenzieFinancialCorp、ManulifeAssetMgmt(HK)Ltd、MillenniumCapitalManagement、Neuberger&Berman、NewSilkRoadInvestmentPte、OrchidChinaManagementLimited、Oscar&PartnersCapitalLtd、PinpointAssetManagementLtd、Point72AssetManagement、PowerCorporationofCanada、PrincipalGlobalInvestors、SchonfeldStrategicAdvHKLtd、SchroderInvestManagementUK、SchrodersIMSingapore、UBSAM(US)、UBSAMLondon、ValuePartners、WellingtonManagementCompany | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/2/272022/3/1 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | NeubergerBerman,VontobelAssetManagement,AllianzGlobalInvestors,EssenceSecurities,EssenceAssetManagement,BeijingZundaoAssetManagement,BlackRockFund,TruvalueAssetManagement,DachengInnovation | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
CapitalManagement,TopsperityFund,TopsperitySecurities,OrientSecuritiesAssetManagement,ShanghaiFushengAssetsManagement,FullgoalFundManagement,Fortune&RoyalFund,EverbrightSecurities,EverbrightSecuritiesAssetManagement,GuangdongHengshengFundManagement,GuangdongDevelopmentFund,GuotaiAssetManagement,GuotaiJunanSecurities,GuosenSecurities,HFTInvestmentManagement,HuaAnFundManagement,HwabaoWPFundManagement,HuachuangSecurities,HuashangFundManagement,HuataiBaoxingFundManagement,HuataiSecurities,ChinaAssetManagement,ChinaUniversalAssetManagement,HarvestFund,CCBPrincipalAssetManagement,BankOfCommunicationsSchroderFundManagement,GreenwoodsAssetManagement,JTAssetManagement,MinshengRoyalFundManagement,MingyaFund,ChinaSouthernAssetManagement,ABCWealthManagement,PingAnFund,PingAnAnnuityInsuranceCompanyofChina,PingyangJiuyanAssetManagement,SPDB-AXAFund,FirstSeafrontFund,RongtongFundManagement,ForesightFund,ThreeGorgesCapitalHoldings,FosunCapital,ShanghaiFosunHighTechnology,ShanghaiYinshengAssetManagement,ShenzhenOrientRuizheAssetManagement,PacificInvestmentManagement,TaikangAsset,TengYuePartnersMasterFund,TFSecurities,XizangYuanchengInvestmentManagement,FirstStateCindaFundManagement,CIBFundManagement,IndustrialSecurities,EFundManagement,YinhuaFundManagement,MaxwealthFundManagement,ShenzhenYuanjingChangqingInvestmentManagement,ChangjiangSecurities,ChinaMerchantsAssetManagement,ZheshangSecurities,ZhonggengFundManagement,CICC,LombardaChinaFundManagement,Citic-prudentialFundManagement,ChinaSecurities,CITICSecurities,BankofChinaInvestmentManagement,EXCCapitalManagement,TFSecurities,WellsFargoFundsManagement | ||||||
2022/3/212022/3/222022/3/23 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | TFSecurities,ChinaSecurities,ZhongtaiSecurities,GuosenSecurities,CITICSecurities,CICCSecurities,HuachuangSecurities,GuotaiJunanSecurities,ShenwanHongyuanSecurities,ChangjiangSecurities,GuoshengSecurities,SouthwestSecuritiesandHaitongSecurities.TFSecurities,ShenzhenZhichengHaiweiAssetManagement,SinosafeAssets,ChinaAsset | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
Management,BlackRockFund,AEGON-INDUSTRIALFundManagement,GuotaiAssetManagement,SDICFund,ChinaUniversalAssetManagement,ForesightFund,ShanghaiSilverLeafInvestment,RongtongFundManagement,CITICSecuritiesAssetManagement,ShanghaiSouthLandInvestmentManagement,ShenzhenQinTaoCapitalManagement,GuotaiJunanSecuritiesAssetManagement,ChaosInvestment,ChinaMerchantsFund,VontobelAssetManagementAsiaPacificLimited,XintaiLifeInsurance,ShanghaiChundaInvestment,HunanYuanchengInvestment,BOSCAsset,ZhongtaiSecuritiesProprietary,EXCCapitalManagement,YongdeRuixuan(Qingdao)PrivateEquityFund,NingboLianshengInvestment,ShenzhenQianhaiDengchengAssetManagement,EssenceSecuritiesAssetManagement,HangzhouQianluInvestment,ShenzhenShangdaoInvestmentFund,BeijingDingInvestment,InforeCapital,DIBAssetManagement(Zhuhai)Co.,Ltd.,RaysCapital,YinhuaFundManagement,ValueInvestmentManagement,ShanghaiEverFortuneInvestment&Management,PioneerFund,DongfanghongFund,HuarongFund,TianchongAssetManagement,GuheAssetManagement,CITICIndustrialFund,SilverLeafInvestment,DongxingSecurities.TengYuePartnersMasterFund.CHAIRPERSON,SPEAKER,CITI,OASIS,POINT72,BLACKROCK,NEWSILKROAD,HANGSENGINV,XINDANEUBERGERBERMAN,VALUEPARTNERS,AXA,PUTNAM,KADENSACPT,HANGSENGINV,MARSHALLWACE | ||||||
2022/3/31 | FlushRoadshowPlatform | Telephonecommunication | Organizations | Performancepresentationsession | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/4/202022/4/212022/4/22 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | TFSecurities,ChinaSecurities,ZhongtaiSecurities,GuosenSecurities,CITICSecurities,CICCSecurities,HuachuangSecurities,GuotaiJunanSecurities,ShenwanHongyuanSecurities,ChangjiangSecurities,GuoshengSecurities,SouthwestSecurities,SinolinkSecurities,CitiMedium-andSmall-capStock,HaitongSecurities,GreatWallSecurities,EverbrightSecurities,HuataiSecurities,MinshengSecurities,PacificSecurities,DongxingSecurities,WanlianSecuritiesandSoochowSecurities.TFSecurities,YinhuaFundManagement,ChinaUniversalAssetManagement,Shenzhen | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
QianhaiDengchengAssetManagement,ForesightFund,GenharmonyCapital,ShenzhenZhichengHaiweiAssetManagement,PenghuaFund,RaysCapital,GuotaiAssetManagement,WesternLeadbankFMC,VontobelAssetManagementAsiaPacificLimited,SinosafeAssets,First-TrustFundManagement,BOSCAsset,BOCISecurities,SPDB-AXAFund,FosunAssetManagement,NeubergerBermanFund,JinfuAnda,PingAnFund,ShanghaiSilverLeafInvestment,HuataiSecuritiesProprietarySecuritiesInvestment,ChangjunCapitalInvestment,AEGON-INDUSTRIALFundManagement,ABCWealthManagement,BlackRockFund,BeijingYihejiufuInvestmentManagement,TangrongCapital,ShanghaiYinshengAssetManagement,First-TrustFundManagement,RongtongFundManagement,CCBPensionAssetManagement,PurekindFundManagement,TianchongAssetManagement,OrientalAlphaFund,ShanghaiTongbenInvestmentManagementCenter,AssetManagementDepartmentofEssenceSecurities,MillenniumCapital,ShanghaiFeimaInvestmentandManagement,InforeCapital,PacificInvestmentManagement,AssetManagementDepartmentofGFSecurities,ChangjiangSecurities.CICCSecurities,CCBPrincipalAssetManagement. | ||||||
2022/4/252022/4/272022/4/28 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | CHAIRPERSON,SPEAKER,OPCAP,FULLGOAL,GreatWallFund,RongtongFundManagement,ChuangfuBusinessInvestmentManagement,ValuebedCapital,SinolinkSecurities | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/5/6 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | ABERDEEN,BARING,MANULIFE,FULLGOAL,SUNBRIDGECAPITAL,MIGHTYDIVINE,PINPOINT,OASIS,CITI,BlackRockAssetManagement,T.RowePriceGroup,GuosenSecurities,MondrianInvestmentPartnersLtd.,CICCSecurities. | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/5/162022/5/172022/5/182022/5/19 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | CICCAssetManagement,GreenwoodsAssetManagement,TengYuePartnersMasterFund,CICCSecurities,PerseveranceAssetManagement,YinhuaFundManagement,TFSecurities,GFSecurities. | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/5/232022/5/242022/5/252022/5/262022/5/27 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | AEGON-INDUSTRIALFundManagement,TFSecurities;IndustrialSecurities,HFTInvestmentManagement,CITICSecurities,CITICAssetManagement;ShenwanHongyuanSecurities,PingAnFund,DachengFund,BaoyingFund,TFSecurities,EFundManagement;PenghuaFund;BankOfCommunicationsSchroderFundManagement;Citibank,TAIKANG,SPRINGCAPITAL,OPCAPITAL,AMUNDI,SAMSUNG,OASIS,NIGHTYONE, | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
PRINCIPAL,ABERDEEN,LAZARD,NEWSILKROAD,LombardaChinaFundManagement,TFSecurities,LionFundManagement,HengyueAssetManagement,LingzhanCapital,ShenzhenZHAOTUInvestmentandManagementCorporation,GuangdongJuzhouInvestment,HarvestFund,TFSecurities,ChinaUniversalAssetManagement,GuotaiAssetManagement | ||||||
2022/5/302022/5/312022/6/1 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | TFSecurities,HuaAnFundManagement;HuataiBaoxingFundManagement;PenghuaFund;TaikangAsset;PerseveranceAssetManagement;FirstStateCindaFundManagement,BaoyingFund. | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/6/142022/6/16 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | BlackRockFund,FidelityInvestments | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/7/11 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | WesternSecurities,HuataiSecuritiesandMingyaFund | LearnabouttheoperationoftheCompany;noinformationprovided. | http://www.cninfo.com.cn |
2022/7/262022/7/27 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | TFSecurities,ChinaSecurities,ZhongtaiSecurities,GuosenSecurities,CITICSecurities,CICC,HuachuangSecurities,GuotaiJunanSecurities,HaitongSecurities,HuataiSecurities,ShenwanHongyuanSecurities,ChangjiangSecurities,GuoshengSecurities,SinolinkSecurities,EverbrightSecurities,SoochowSecurities,SouthwestSecurities,Citibank,WanlianSecurities,GreatWallSecurities,HuachuangSecurities,Aegon-IndustrialFund,FirstStateCindaFundManagement,RongtongFundManagement,TENONSecuritiesDealingDepartment,HarvestFund,LiurenAssetManagement,ZhengyuanInvestment,OrientSecuritiesDealingDepartment,IndustrialSecurities,OrientalAlphaFund,HSBCJintrustFund,SanGengFund,HengyueFund,PerseveranceAssetManagement,PacificInvestmentManagement,point72,CPICFund,SPDB-AXAFund,BOSCAsset,PurekindFundManagement,Citic-prudentialFundManagement,BankofCommunicationsSchroderFund,ShanghaiFuyiInvestmentManagement,BOSCAsset,Vontobel,SanGengFund,ZundaoAssetManagement,BohaiHuijinSecuritiesAssetManagement,NeubergerBermanFund,HengtaiSecurities,GuotaiJunanSecuritiesAssetManagement,SenjinInvestment,ChinaInternationalFund,PingAnAsset,NuodeAsset,SouthwestSecuritiesAssetManagement,GuangdongDevelopmentFund,FengpeiInvestment,TaipingFund,GoldWideAsset,Zheshang | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
HillViewCapital,ShanghaiGreatAbundanceYearAssetManagement,CMS,TruvalueAssetManagement,FortuneAsset,Gemboom,GongqingchengWillpowerPrivateEquityFund,PinganAssetManagement,ShenzhenQianhaiDengchengAssetManagement,HaoShengInvestment,TianHongAsset,CCBPension,BOCInternational(China)Co.,Ltd.,ABCWealthManagement,HappyLife,QiantiInvestmentManagement,JTAssetManagement,PingAnFund,AssetsManagementDepartmentofIndustrialBank,XizangHezhongYishengInvestment,TengYuePartnersLP,GreenFund,HonyGoldstreamCapital,FocusbridgeInvestment,DealingDepartmentofChinaMerchantsSecurities,BOSCAsset,JINK,LifanInvestment,Topfund,ShenzhenZhichengHaiweiAssetManagement,ShinianInvestment,HarvestFund,InforeCapital,SpringsFund,ZhonggengFundManagement,XintaiInsurance,ChinalinSecurities,HongdaoInvestment,GaoyiInvestment,TaipingPension,TianchengInvestment,ParantouxCapital,YingdongPrivateEquityFund,PurekindFundManagement,FullgoalFundManagement,LishiAssetManagement,EverbrightPramericaFund,AssetManagementDepartmentofDongguanSecurities,HotlandInnovationAssetManagement,HongtaHotlandFund,ShanghaiMilestoneAssetManagement,SinolinkSecurities(proprietary),QuanxiInvestment,RiceBank,Xiansheng,RaysCapital,LifanInvestment,ZemingInvestment,ZhongtaiSecurities(proprietary),JianyinInvestment,CGBWealthManagement,andEtockCapital | ||||||
2022/8/22022/8/32022/8/4 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | ChinaSecurities,YinhuaFundManagement,TaikangAsset,GaoHuaSecurities,TFSecurities,PenghuaFund,ZhongtaiSecurities,ChinaSouthernAssetManagement,GuangdongDevelopmentFund,ShanghaiSouthLandInvestmentManagement,TFSecurities,KingTowerAssetManagement,HarvestFund,LiurenAssetManagement,ShufaPrivateEquityFund,FranklinTempletonInvestments,BOSCAsset,TaikangAsset,PengchengjishiInvestment,ShanghaiPanwen,ShanghaiPanwen,RaysCapital,FujianZeyuanAssetManagement,ShanghaiXiaoyuInvestment,HonghuaCapital,SinoLifeAsset,FounderFubonFund,TangrongCapital,GreatWallFund,ChinaAssetManagement,TianHongAsset,ShanShiFund,EverbrightSecurities(proprietary),ZhongweiCapital,AssetsManagementDepartmentofIndustrialBank, | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
CICCAssetManagement,BeijingDingInvestment,SinosafeAssets,ChinaWealthManagementCo.,Ltd.,FullgoalFundManagement,XingyuanCapital,TFSecurities,MingyaFund,HFTInvestmentManagement,NanhuaFund,CCBTrust,YanHangInvestment,SpringsFund,ChenghuaiInvestment,Jing'anInvestment,CPICFund,EverbrightSecurities(proprietary),EssenceSecurities,TianshiKaiyuanFund,ChinaInternationalFund,YimiFund,BaoyingFund,RiceBank,HengtaiSecurities,ShinianInvestment,HongtaiInvestment,BankofCommunicationsSchroderFund,2PVCapital,JINK,XuanyuanInvestment,CindaFund,ChangjunCapitalInvestment,AssetManagementHeadquartersofPacificSecurities,ChinaLifeAMPAsset,HangzhouXingjianAssetManagement,PengyuanAssetManagement,JingjingInvestment,HFTInvestmentManagement,HunanYuanchengInvestment,CQCapital,WesternLeadbankFMC,TruvalueAssetManagement,YanHangInvestment,TaipingFund,KnightInvestment,YuheAsset,NewChinaPensionCo.,Ltd.,PurekindFundManagement,HongtaSecuritiesDealingDepartment,YuanfengInvestment,YinhuaFundManagement,Xiansheng,FengpeiInvestment,HZBankWealthManagement,LinghuiInvestment,DajiaBaoxian,EverbrightPramericaFund,YunxiFund,RongtongFundManagement,TopsperityFund,ChinaSouthernAssetManagement,ChangXinAssetManagement,ChinaUniversalAssetManagement,LuShangPrivateEquity,XitaiInvestment,HotlandInnovationAssetManagement,SunLifeEnverbrightAssetManagement,SunshineAssetManagement,Ruiteng(Pingyang)PrivateEquityFund,SPDB-AXAFund,DIBAssetManagement(Zhuhai)Co.,Ltd.,ChinalinSecurities,CCBPensionAssetManagement,CICCAssetManagement,CGBWealthManagement,BoseraFunds,FengpeiInvestment,YunnanInternationalTrust,WanshanCapital,BohaiHuijinSecuritiesAssetManagement,andCeneraliChina | ||||||
2022/8/8 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | WellingtonManagement | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
2022/8/172022/8/182022/8/192022/8/21 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | ZhongtaiSecurities,EFundManagement,CMS,TengYuePartnersMasterFund,WellsFargoFundsManagement,EastmoneySecurities,HarvestFund | UnderstandtheCompany'sbusinesssituationandstrategic | http://www.cninfo.com.cn |
planning(noinformationavailable) | ||||||
2022/8/21 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | TFSecurities,First-TrustFundManagement,HarvestFund,YimiFund,EFundManagement,ShanghaiSilverLeafInvestment,LingzeInvestment,TopsperityAssetManagement,DanyiInvestment,FujianZeyuanAsset,YingliInvestment,BoseraFunds,PerseveranceAssetManagement,ChangleHuiCapital,BaoyingFund,SunshineAssetManagement,KingTowerAssetManagement,CITICSecurities,ShanghaiSilverLeafInvestment,FugeInvestment,ChinaSecurities(proprietary),ChinaWealthManagement,WinsureAssetsManagement,LifeInsurance,FranklinTempletonInvestments,PanwenInvestment,HexieHuiyiAssetManagement,ChaserAssetManagement,MinshengRoyalFundManagement,C.Fund,CHERAMIInvestment,TopsperitySecurities(proprietary),GuoduSecurities(proprietary),ZhongshengChenjiaWealth,CITICAMC,ChinaPostLifeInsurance,GuangzhouXinbaixinFund,BroadFund,LingjiuPrivateEquity,HonghuaCapital,MillenniumCapital,ChenghuaiInvestment,HuaAnFundManagement,ZhonghaiFund,CGBWealthManagement,PurekindFundManagement,XinghuaFund,MegaTrust,BeijingDingInvestment,HengtaiSecurities(retail),DHFundManagement,PVCapital,BaringsInvestment,TianshiKaiyuanFund,QianheCapital,NewChinaFund,Citic-prudentialFundManagement,ValuePartnersLimited,OrientSecurities,FujianZeyuanAsset,OrientalAlphaFund,GoldenEagle,JianghaiSecuritiesAssetManagementDepartmen,HongnuoFund,HaitongSecurities(proprietary),BaoyingFund,MeritFund,XintaiInsurance,JinghengInvestment,WesternLeadbankFMC,EverbrightSecurities(proprietary),HuachuangSecuritiesDealingDepartment,TianHongAsset,CICCAssetManagement,JaniceNeubergerBerman,TaipingFund,GoldmanSachsICBCWealth,FenglanAssetsManagement,YihengInvestment,NewChinaAssetsManagement,IndustrialSecurities(proprietary),GuangdongDevelopmentFund,andMojingPrivateEquityFund2FundingCapitalManagement,AlluviumAsset,LombardaChinaFundManagement,ZhongAnInsurance,ShinianInvestment,SpringsFund,GuangdongDevelopmentFund,WillingCapitalManagementLimited,NewChinaFund,PinPointInvestment, | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
TaipingPension,VanhoSecurities,Q.M.Fortune,EssenceAssetManagement,HuarongFund,FargoFundsManagement,MingyaFund,RiceBank,SPDB-AXAFund,ShanghaiSouthLandInvestmentManagement,GreenwoodsAssetManagement,ChinaSouthernAssetManagement,TruvalueAssetManagement,JunyiAssetManagement,BlackRockFund,YunnanInternationalTrust,MaxwealthFundManagement,ChinaAssetManagement,ShanghaiTongbenInvestmentManagementCenter,ChengyiInvestment,FounderFubonFund,QingliInvestment,InvescoGreatWallFund,ShanghaiSilverLeafInvestment,CCBTrust,ChinaLifeAMPAssetManagement,AssetManagementDepartmentofDongguanSecurities,ZheShangFundManagement,RongtongFundManagement,First-TrustFundManagement,HeqingInvestment,PanjingInvestment,FugeInvestment,AssetsManagementDepartmentofIndustrialBank,HSBCJintrustFund,andGuotaiAssetManagement | ||||||
2022/9/25 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | TFSecurities,TaijuPrivateEquityFund,CITICSecuritiesAssetDepartment,GuoduSecurities,LequInvestment,LiurenAssetManagement,TaikangPension,EFundManagement,ParantouxCapital,JXAssestManagement,KingTowerAssetManagement,YihengInvestment,YimiFund,ShanghaiJujinInvestment,HFTInvestmentManagement,HonghuaCapital,Parantoux,ShanghaiSilverLeafInvestment,PengyangAssetManagement,TopsperityAssetManagement,EasternSmartRockInvestment,HaitongSecurities,JINK,DajiaBaoxian,SpringsFund,MaxwealthFundManagement,ChinaReAssetManagement,DuyiAssestManagement,NeubergerBerman,IndustrialSecurities(proprietary),QingliInvestment,PengyuanCapital,PKUFounderLife,ShanghaiSNOWBALLCapitalManagement,BaoyingFund,ChenghuaiInvestment,TopInvestment,HarvestFund,MufenghePrivateEquityFund,QindaoCapitalManagement,HuayinFund,MillenniumCapital,SouzhouAssetManagement,ShanghaiSouthLandInvestmentManagement,LongwinAssetManagement,HuarongFund,EverbrightSecurities(proprietary),CITICCapital,RongtongFundManagement,ABCWealthManagement,HengAnStandardLife,EsperonCapital,DachengFund,ChinalinSecurities,ChinaLifeAMPAssestManagement,HangzhouQianluInvestment,PICCAssetManagement,CPICFund,Fuge | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
Investment,AmundiBOCWealthManagement,HangzhouJinhualunAssetManagement,ShenjiuAssetManagement,ChinaPostLifeInsurance,andJingweiCapital | ||||||
2022/9/272022/9/282022/9/30 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | ChenghuaiInvestment,Citibank,FidelityInvestments,SpringsCapital,Citibank,CSPrivateBankSingapore,CathayLifeInsurance,Dai-ichiLifeInsuranceCompany,DymonAsiaCapital(Singapore),GreenCourtManagementHolding,HSBCGlobalAssetManagementUSA,ImpaxAssetManagementLimited,LazardFreresManulifeAssetMgmt(HK)Ltd.,Neuberger&Berman,OasisManagementCompanyLtd.,Point72AssetManagement,RaysCapitalPartnersLimited,SamsungInvestmentTrust,TairenCapitalLimited,UBSAM(US),eFusionCapital,EastmoneySecurities,GreenwoodsAssetManagement | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
2022/10/27 | ConferenceroomoftheCompany | Telephonecommunication | Organizations | TFSecurities,TFSecuritiesAssetManagement,HengtaiSecurities,CCBPrincipalAssetManagement,YimiFund,HuataiSecurities,BinyuanCapital,FILInvestmentsInternational,PanwenInvestmentManagement,ShanghaiJujinInvestment,UCANFund,TianhongAssetManagement,MilestoneAssetManagement,YuheAsset,ChinaLifeAMPAssetManagement,PengyuanCapital,TianchongCapital,TaikangPension,EverbrightSecurities(proprietary),SPDB-AXAFund,CITICAMC,EssenceFund,Point72,HarvestFund,DajiaBaoxian,CMS,LingzeInvestment,GuoduSecurities,HonghuaCapital,Xiansheng,JinghengInvestment,FengpeiInvestment,ZhonggengFundManagement,CCBLifeAssetManagement,Haijin(Dalian)Investment,ChinaAssetManagement,TaipingFundManagement,RongtongFund,JTAssetManagement,BOCInternational(China)Co.,Ltd.,RongtongFund,CPICFund,GuotaiJunanSecuritiesAssetManagement,MingyaFund,LionFund,JiafuHangyuanPrivateEquityFund,CICCAssetManagement,Aegon-IndustrialFund,SouthernAssetManagement,T.RowePrice,NeubergerBerman,BoseraFunds,QinchenPrivateEquityFund,PenghuaFund,RiceBank,SichuanJintuoInvestment,RICHCO,SealandSecurities(proprietary),HuataiSecurities,GTSFund,ABCWealthManagement,Bearingno(Shanghai)Investment,ChinaMerchantsFund,ChinaIndustrialInternationalTrust,MatthewsAsia,ChinaCapitalManagement,BozeAssetManagement,ChinaAssurities,ZhongtaiSecurities,GuosenSecurities,CITIC | UnderstandtheCompany'soperations,financialsituation,andstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
Securities,CICC,HuachuangSecurities,GuotaiJunanSecurities,HaitongSecurities,HuataiSecurities,ShenwanHongyuanSecurities,ChangjiangSecurities,SinolinkSecurities,SoochowSecurities,EverbrightSecurities,ChinaGalaxySecurities,WesternSecurities,Citibank,andNortheastSecurities | ||||||
2022/11/252022/11/28 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | TFSecurities,IndustrialSecurities,GoldStateSecurities,SoochowSecurities,LombardaChinaFundManagement,CindaFund,MingyaFund,BeijingDingInvestment,UprightAsset,BeijingDingInvestment,SinoLifeAsset,HangSengQianhaiFundManagement,RaysCapital,HuashanCapital,HaojunInvestment,ShansiInvestment,YinhuaFundManagement | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
2022/12/142022/12/15 | ConferenceroomoftheCompany | Fieldsurvey | Organizations | NortheastSecurities,PenghuaFund,PengZhaohui,GuosenSecurities,EFundManagement,MaxwealthFundManagement | UnderstandtheCompany'sbusinesssituationandstrategicplanning(noinformationavailable) | http://www.cninfo.com.cn |
SectionIVCorporateGovernanceI.BasicstatusofcorporategovernanceSinceitslisting,theCompanyrevisedArticlesofAssociation,RulesofProcedureofGeneralMeetingofShareholders,RulesofProcedureoftheBoardofDirectors,RulesofProcedureoftheBoardofSupervisors,andotherrulesandregulations,andestablishedCapital-raisingManagementSystem,ManagementSystemforPublicInformationDisclosureandaseriesofcorporategovernancesysteminstrictaccordancewithCompanyLaw,SecuritiesLaw,CodeofCorporateGovernanceforListedCompanies,RulesGoverningtheListingofSharesonShenzhenStockExchange,andrequirementsofrelevantlawsandregulations.Duringthereportingperiod,thecorporategovernancewasinlinewiththerequirementsoftheCodeontheGovernanceofListedCompaniesandothernormativedocumentsoncorporategovernanceissuedbytheCSRC.
1.ShareholdersandGeneralMeetingofShareholders:TheCompanyconvenestheGeneralMeetingofShareholdersinstrictaccordancewiththeRulesofProcedureofGeneralMeetingofShareholders,RulesfortheGeneralMeetingofShareholdersofListedCompanies,andotherprovisionsandrequirementsoflawsandregulations,whichcanensurethatallshareholders,especiallyminorityshareholders,enjoyequalstatusandfullyexercisetheirrights.
2.Relationshipbetweencontrollingshareholdersandlistedcompanies:Controllingshareholdersregulatetheirbehavior,andenabletoexercisetheirrightsandassumecorrespondingobligationspursuanttothelawinstrictaccordancewithlawsandregulationssuchastheSecuritiesLaw,CodeofCorporateGovernanceforListedCompaniesandArticlesofAssociation.ThecontrollingshareholderoftheCompanyisanindividualwhodoesnothaveanyotherinvestmentprojectsandhasnotdirectlyorindirectlyintervenedintheCompany'sdecision-makingandoperatingactivitiesbeyondtheCompany'sGeneralMeetingofShareholders.TheBoardofDirectors,theBoardofSupervisorsandthecorrespondingdepartmentsoftheCompanycanoperatenormallyandhaveindependence.
3.DirectorsandtheBoardofDirectors:AlldirectorsoftheCompanycarryouttheirworkinaccordancewithlawsandregulationssuchastheRulesofProcedureoftheBoardofDirectorsandtheRulesforIndependentDirectorsofListedCompanies,attendrelevantmeetingsseriously,activelyparticipateintraining,andbecomefamiliarwithrelevantlawsandregulations.TheCompanystrictlyelectsdirectorsinaccordancewiththerecruitmentprocedurestipulatedintheArticlesofAssociation.Currently,theCompanyhas3independent
directorsand6non-independentdirectors,andthecompositionoftheBoardofDirectorsmeetstherequirementsoflaws,regulations,andtheArticlesofAssociation.
4.SupervisorsandBoardofSupervisors:TheBoardofSupervisorsoftheCompanyisstrictlyestablishedinaccordancewithrelevantprovisionssuchastheCompanyLawandtheArticlesofAssociation.TheCompany'ssupervisorsareabletoconscientiouslyfulfilltheirdutiesinaccordancewiththerequirementsoftheRulesofProcedureoftheBoardofSupervisors,supervisetheCompany'sfinancialsituationandthelegalityandcomplianceofmajormatterswithintegrityandresponsibility,andsafeguardthelegitimaterightsandinterestsoftheCompanyanditsshareholders.
5.Performanceevaluationandincentiveandrestraintmechanism:TheCompanyhasestablishedaseriesofperformanceevaluationandincentiveandrestraintmechanisms,whichareopenandtransparentintheappointmentofseniorexecutivesandinaccordancewithrelevantlawsandregulations.
6.Relevantstakeholders:TheCompanycanfullyrespectandsafeguardthelegitimaterightsandinterestsofrelevantstakeholders,andactivelycooperatewithstakeholderstojointlypromotethesustainableandhealthydevelopmentoftheCompany.
7.Informationdisclosureandtransparency:TheCompanyconscientiouslyperformstheobligationofinformationdisclosureinaccordancewithrelevantlawsandregulationssuchastheArticlesofAssociation,theStockListingRulesofShenzhenStockExchange,andtheAdministrativeMeasuresforInformationDisclosureofListedCompanies.TheCompanydesignatesSecuritiesTimesandhttp://www.cninfo.com.cnasthenewspaperandwebsiteforitsinformationdisclosure,andensuresthetimelinessandaccuracyofitsinformationdisclosure.Isthereanysignificantdifferencebetweentheactualsituationofcorporategovernanceandlaws,administrativeregulationsandtheregulationsoncorporategovernanceoflistedcompaniesissuedbytheCSRC?
□YesNo?No.
II.TheindependenceoftheCompanyrelativetoitscontrollingshareholdersandactualcontrollersinensuringtheCompany'sassets,personnel,finance,institutions,business,andotheraspectsThecontrollingshareholderoftheCompanyisanaturalpersonandhasnootherinvestments.TheCompanyiscompletelyseparatedfromitscontrollingshareholdersintermsofbusiness,personnel,assets,finance,etc.TheCompany'sproductionandoperationarestableandcanoperateindependentlyandnormatively.
1.Businessindependence:TheCompany'sbusinessesareindependentofitscontrollingshareholdersandtheCompanyhasacompleteandindependentproduction,supply,andsalessystem,withoutrelyingonshareholdersoranyotherrelatedparties.
2.Personnelindependence:TheCompanyhasanindependentworkforceandhasestablishedasoundpersonnelmanagementsystem.Thechairman,generalmanager,deputygeneralmanager,secretaryoftheBoardofDirectors,CFOandotherseniorexecutivesoftheCompanyworkfull-timeintheCompanyandreceivecompensation.Theyhavenotheldanypositionsotherthandirectorsorsupervisorsinshareholderentityholdingmorethan5%oftheCompany'sequityandtheirsubsidiaries,norhavetheyheldanypositionsinothercompanieswiththesameorsimilarbusinessastheCompany.Independentpersonnelmanagement.
3.Assetindependence:TheCompanyhasindependentproductionandbusinesspremises,productionsystems,supportingfacilities,landusageright,andpropertyownership,andthereisnosharingwithcontrollingshareholders.
4.Institutionalindependence:TheCompanyhasestablishedasoundorganizationalsystemthatcanoperateindependently.Thereisnosubordinaterelationshipwiththecontrollingshareholder.
5.Financialindependent:TheCompanyhasindependentfinancialaccountingdepartment,establishesindependentaccountingsystemandfinancialmanagementsystem,andmakesindependentfinancialdecisionsinaccordancewithrelevantaccountingsystem.TheCompanyhasseparatebankaccounts,andconductsindependenttaxdeclarationandperformspaymentobligationsaccordingtolaw.
III.Competitioninthesameindustry
□Applicable?Notapplicable
IV.Informationontheannualandextraordinarygeneralmeetingsofshareholdersheldduringthereportingperiod
1.InformationontheGeneralMeetingofShareholdersduringthereportingperiod
Meetingsession | Meetingtype | Investorparticipationratio | Meetingdate | Dateofdisclosure | Meetingresolution |
The1stExtraordinaryGeneralMeetingofShareholdersin2022 | ExtraordinaryGeneralMeetingofShareholders | 31.74% | 2022/1/24 | 2022/1/25 | DeliberatedandpassedtheProposalonImplementationMode,SubjectandLocationofChangesinSomeCapital-raisingProjects; |
2021AnnualGeneralMeeting | AnnualGeneralMeetingofShareholders | 31.27% | 2022/4/12 | 2022/4/13 | 1.DeliberatedandpassedtheProposalonAnnualReport2021andAbstract;2.DeliberatedandpassedtheProposalon2021FinalFinancialReport;3.DeliberatedandpassedtheProposalon2021ProfitDistributionPlan;4.DeliberatedandpassedtheProposalon2021WorkReportoftheBoardofDirectors;5.DeliberatedandpassedtheProposalon2021WorkReportoftheBoardofSupervisors;6.DeliberatedandpassedtheProposalonRemunerationofCompanyDirectorsin2021;7.DeliberatedandpassedtheProposalonRemunerationofCompanySupervisorsin2021;8.DeliberatedandpassedtheProposalonApplicationforComprehensiveCreditLinefromBanksbytheCompanyandItsSubsidiariesin2022;9.DeliberatedandpassedtheProposalonRenewingtheEmploymentofAuditInstitutionin2022;10.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketofShenzhenStockExchangeinCompliancewithRelevantLawsandRegulations;11.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)fortheInitialPublicOfferingofRMBOrdinaryShares(AShares);12.DeliberatedandpassedtheProposalonthePlanofShenzhenTopbandCo.,Ltd.forSpinningOffofItsSubsidiary(ShenzhenYAKOAutomationTechnologyCo.,Ltd.)toListontheGrowthEnterpriseMarket;13.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketofShenzhenStockExchangeinCompliancewithRulesfortheSpin-offofListedCompanies(ForTrialImplementation);14.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketofShenzhenStockExchangeandtoSafeguardtheLegal |
RightsandInterestsofShareholdersandCreditors;15.DeliberatedandpassedtheProposalonMaintainingIndependenceandSustainableOperationAbilities;16.DeliberatedandpassedtheProposalontheShenzhenYAKOAutomationTechnologyCo.,Ltd.WithRelevantStandardOperationCapacities;17.DeliberatedandpassedtheProposalontheExplanationofShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)FulfillingtheCompletenessandComplianceofLegalProceduresDuringtheSpin-offListingandValidityofLegalDocumentsSubmitted;18.DeliberatedandpassedtheProposalonAuthorizingtheBoardofDirectorsandAuthorizedPersonstoFullyHandleMattersRegardingSpin-offListingofShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)ontheGrowthEnterpriseMarketofShenzhenStockExchange;19.DeliberatedandpassedtheProposalonthePurpose,CommercialReasonableness,NecessityandFeasibilityAnalysisoftheSpin-off;20.DeliberatedandpassedtheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021. | |||||
The2ndExtraordinaryGeneralMeetingofShareholdersin2022 | ExtraordinaryGeneralMeetingofShareholders | 29.04% | 2022/9/5 | 2022/9/6 | 1.DeliberatedandpassedtheProposalonSigningtheSupplementaryAgreementIItotheInvestmentAgreementbytheWholly-ownedSubsidiariesoftheCompany;2.DeliberatedandpassedtheProposalonImplementationLocationandModeofChangesinSomeCapital-raisingProjectsAgain;3.DeliberatedandpassedtheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021;4.DeliberatedandpassedtheProposalonChangingRegisteredCapitaloftheCompany;5.DeliberatedandpassedtheProposalonRevisingArticlesofAssociation. |
The3rdExtraordinaryGeneralMeetingofShareholdersin2022 | ExtraordinaryGeneralMeetingofShareholders | 27.38% | 2022/10/10 | 2022/10/11 | 1.DeliberatedandpassedtheProposalonAdjustingCorporate-levelPerformanceEvaluationIndicatorsofRestrictedStockIncentivePlanin2021;2.DeliberatedandpassedtheProposalonChangingtheRegisteredAddressoftheCompanyandRevisingtheArticlesofAssociation. |
2.ThepreferredshareholderswithrestoredvotingrightsrequesttoconveneanExtraordinaryGeneralMeetingofShareholders
□Applicable?Notapplicable
V.Directors,supervisorsandseniorexecutives
1.Overview
Name | Position | Positionstatus | Gender | Age | Startingdateoftermofoffice | Endingdateoftermofoffice | Numberofsharesheldatthebeginningoftheperiod(shares) | Numberofadditionalsharesheldinthecurrentperiod(shares) | Numberofsharesreducedinthecurrentperiod(shares) | Otherchanges(shares) | Numberofsharesheldattheendoftheperiod(shares) | Reasonsforincreaseordecreaseofshares |
WuYongqiang | Chairman | Incumbent | Male | 58 | 2011/08/29 | 2023/09/13 | 212,008,715 | 0 | 0 | 0 | 212,008,715 | Notapplicable |
JiShuhai | Director | Incumbent | Male | 61 | 2011/08/29 | 2023/09/13 | 27,318,642 | 0 | 0 | 0 | 27,318,642 | Notapplicable |
ZhengSibin | Directoranddeputygeneralmanager | Incumbent | Male | 57 | 2011/08/29 | 2023/09/13 | 6,016,970 | 0 | 0 | 320,000 | 6,336,970 | Thethirdexerciseperiodof2018stockoptionmettheexerciseconditions |
MaWei | Directoranddeputygeneralmanager | Incumbent | Male | 49 | 2011/08/29 | 2023/09/13 | 8,550,934 | 0 | 0 | 400,000 | 8,950,934 | Thethirdexerciseperiodof2018stockoptionmettheexerciseconditions |
PengGanquan | Director | Incumbent | Male | 51 | 2011/08/29 | 2023/09/13 | 4,656,900 | 0 | 0 | 480,000 | 5,136,900 | Thethirdexerciseperiodof2018stockoptionmettheexerciseconditions |
WuHang | Director | Incumbent | Male | 39 | 2014/09/12 | 2023/09/13 | 0 | 0 | 0 | 0 | 0 | Notapplicable |
HuangYuegang | Independentdirector | Incumbent | Male | 65 | 2020/09/14 | 2023/09/13 | 0 | 0 | 0 | 0 | 0 | Notapplicable |
HuaXiuping | Independentdirector | Incumbent | Female | 45 | 2017/09/09 | 2023/09/13 | 0 | 0 | 0 | 0 | 0 | Notapplicable |
LiXumeng | Independentdirector | Incumbent | Male | 57 | 2021/03/31 | 2023/09/13 | 0 | 0 | 0 | 0 | 0 | Notapplicable |
WenZhaohui | DeputyGeneralManagerand | Incumbent | Female | 49 | 2011/08/29 | 2023/09/13 | 2,531,127 | 0 | 0 | 240,000 | 2,771,127 | Thethirdexerciseperiodof2018 |
SecretaryoftheBoardofDirectors | stockoptionmettheexerciseconditions | |||||||||||
XiangWei | Chieffinancialofficer | Incumbent | Male | 46 | 2019/01/10 | 2023/09/13 | 604,500 | 0 | 0 | 160,000 | 764,500 | Thethirdexerciseperiodof2018stockoptionmettheexerciseconditions |
DaiHuijuan | Supervisor | Incumbent | Female | 47 | 2011/08/29 | 2023/09/13 | 319,612 | 0 | 0 | 0 | 319,612 | Notapplicable |
KangWeiquan | Supervisor | Incumbent | Male | 39 | 2014/08/21 | 2023/09/13 | 0 | 0 | 0 | 0 | 0 | Notapplicable |
ChenJinzhou | Supervisor | Incumbent | Male | 45 | 2017/02/15 | 2023/09/13 | 0 | 0 | 0 | 0 | 0 | Notapplicable |
Total | -- | -- | -- | -- | -- | -- | 262,007,400 | 0 | 0 | 1,600,000 | 263,607,400 | -- |
Isthereanyresignationofdirectorsandsupervisorsduringtheirtermofofficeanddismissalofseniorexecutivesduringthereportingperiod
□Yes?NoChangesindirectors,supervisorsandseniorexecutives
□Applicable?Notapplicable
2.EmploymentEducationalbackground,mainworkingexperienceandmajorresponsibilitiesofexistingdirectors,supervisors,andseniorexecutivesoftheCompany
(I)MemberoftheBoardofDirectorsWuYongqiang,male,bornin1965,holdsamaster'sdegreeandhasnorightofpermanentresidenceabroad.HeisalocalleadingtalentrecognizedbyShenzhenCity.Hehaswonthetitles"ShenzhenYoungScienceandTechnologyLeader"awardedbyShenzhenMunicipalGovernmentand"TopTenOutstandingYoungPeople"inNanshanDistrict,Shenzhen.HeservedsuccessivelyaslecturerofHarbinInstituteofTechnologyandvicechairmanoftheCompany.NowheservesaschairmanoftheBoardofDirectorsoftheCompany,chairmanoftheBoardofDirectorsofShenzhenTopbandSoftwareTechnologyCo.,Ltd.,executivedirectorofShenzhenTopbandBatteryCo.,Ltd.,executive(managing)directorofShenzhenHongruInvestmentManagementCo.,Ltd.,partnerofShenzhenHongruInvestmentEnterprise(LimitedPartnership),executivedirectorofShenzhenYankaiElectric
TechnologyCo.,Ltd.,executivedirectorandgeneralmanagerofNingboTopbandIntelligentControlCo.,Ltd.,anddirectorofTopband(HongKong)Co.,Ltd.ZhengSibin,male,bornin1966,holdsamaster'sdegreeandisanaccountantwithoutpermanentresidencyabroad;HeusedtobetheofficedirectorandvicefactorydirectorofZhejiangSongyangBrewery,andthefinancesupervisor,manageroffinancedepartmentandCFOofNamTaiElectronics(Shenzhen)Co.,Ltd.;Heisnowthedirector,deputygeneralmanagerandgeneralmanagerofbusinessdivisionoftheCompany,asupervisorofShenzhenTopbandSoftwareTechnologyCo.,Ltd.,andasupervisorofChongqingTopbandIndustrialCo.,Ltd.MaWei,male,bornin1974,holdsabachelor'sdegreewithoutpermanentresidencyabroad;HeusedtobethetechnicaldevelopmentengineerandgeneralmanagerofShenzhenHuafaElectronicsCo.,Ltd.;Heisnowthedirector,deputygeneralmanagerandgeneralmanagerofbusinessdivisionoftheCompany.JiShuhai,male,bornin1962,holdsamaster'sdegreeandisaseniorengineerwithoutpermanentresidencyabroad;Heusedtobetheengineer,chairmanandgeneralmanagerofGuangzhouWanbaoElectricalApplianceGroupCo.,Ltd.;HeisnowadirectoroftheCompany,andthedirectorandgeneralmanagerofShenzhenSowinPrecisionMachineToolCo.,Ltd.PengGanquan,male,bornin1972,holdsamaster'sdegreewithoutpermanentresidencyabroad;Heusedtobetheengineer,developmentengineerofelectricalbusinessdivision,technicaldirectoranddeputygeneralmanagerofHunanInstrumentandMeterFactory;HeisnowadirectoroftheCompany,thegeneralmanagerandexecutivedirectorofShenzhenAlliedControlSystemCo.,Ltd.,andadirectorofTOPBANDINDIAPRIVATELIMITED.
WuHang:Male,bornin1984,master'sdegree.Hehasnorightofpermanentresidenceabroad;HeonceservesasdesignconversionengineerofShenzhenMindrayBio-MedicalElectronicsCo.,Ltd.NowheservesasdirectoroftheCompany.HuangYuegang,male,borninOctober1958,graduatedfromJilinUniversityofFinanceandEconomicswithabachelor'sdegreeandisasenioraccountant.HeonceservedasdeputydirectoroftheofficeanddeputydirectorofthePublicityDepartmentofthePartyCommitteeatJilinUniversityofFinanceandEconomics,chieffinancialofficerofShenzhenFarEastHotelCo.,Ltd.,creditdirectorofShenzhenBranchofGuangfaBank,presidentofZhenhuaRoadSub-branch,executivepresidentofShenzhenGoldenLighting(Group)Co.,Ltd.,chairmanofDalianChangxingIndustrialCo.,Ltd.,deputygeneralmanagerofTianjinGuangxiaRealEstateDevelopmentCo.,Ltd.,deputygeneralmanagerofShenzhenZhongnanHotel(Group)ManagementCo.,Ltd.and
presidentofShenzhenBinjiIndustrialGroupCo.,Ltd.HeiscurrentlyanindependentdirectorofGuizhouTyreCo.,Ltd.andShenzhenAoyaDesignCo.,Ltd.HuaXiuping,female,bornin1978,holdsadoctor'sdegreewithoutpermanentresidencyabroad;SheusedtobearesearcheratChinaFinance40Forum,avisitingscholaratSchoolofOrientalandAfricanStudiesofUniversityofLondonfundedbytheBritishAcademy,aguesteditoratEuropeanJournalofFinance,andapart-timevicepresidentandpartneratJunrunCapital.SheiscurrentlyanindependentdirectoroftheCompany,professoroffinanceanddoctoralsupervisorinNottinghamUniversityBusinessSchool(China),andanindependentdirectoroftheBankofDongguanCo.,Ltd.,NingboFubangJingyiGroupCo.,Ltd.andNingboYuyaoRuralCommercialBankCo.,Ltd.
LiXumeng,male,bornin1966,Chinesenationality,holdsadoctor'sdegreeinbusinessmanagementwithoutpermanentresidencyabroad.HeusedtobeaconsultantatBeijingShanghengZhibenConsultingCo.,Ltd.andaconsultantatShanghaiDanfuBusinessConsultingCenter;HeisnowaresearcheratZhuoyuehuiInnovationandDevelopment(Shenzhen)Co.,Ltd.andapartneratBeijingDanfuInvestmentManagementCenter(GeneralPartnership).
(II)MemberoftheBoardofSupervisors
DaiHuijuan:DaiHuijuan,female,bornin1976.Sheholdsabachelor'sdegreeandhasnorightofpermanentresidenceabroad.SheservedsuccessivelyassupervisorandmanageroftheCompany'shumanresourcesdepartment.NowsheservesaschairwomanoftheBoardofSupervisorsanddirectorofthehumanresourcescenterattheCompany,directorandgeneralmanagerofHuizhouTopbandElectricalTechnologyCo.,Ltd.,partnerofShenzhenHongruInvestmentEnterprise(LimitedPartnership),andexecutivedirectorandmanagerofHuizhouTopbandNewEnergyCo.,Ltd.
ChenJinzhou,male,bornin1978,apermanentresidentofHongKong,China,holdsadoctor'sdegreefromtheChineseUniversityofHongKong;HeusedtobeanelectronicengineeratHongKongProductivityCouncil,aseniorresearcheratBeijingNoitomTechnologyLtd.,andaseniorchiefengineeratJohnsonElectric;HeisnowthedeputygeneralmanagerofmicroelectronicsbusinessdivisionandsupervisoroftheCompany.
KangWeiquan,male,bornin1984,holdsabachelor'sdegreewithoutpermanentresidencyabroad;HeusedtobeacostaccountantatShenzhenEVAPrecisionIndustryHoldingsLimited;Heisnowthecostaccountant,employeerepresentativeandsupervisoroftheCompany.
(III)Seniorexecutives
WuYongqiang,thegeneralmanager,isdetailedintheresumeofmembersofBoardofDirectors.ZhengSibin,thedeputygeneralmanager,isdetailedintheresumeofmembersofBoardofDirectors.MaWei,thedeputygeneralmanager,isdetailedintheresumeofmembersofBoardofDirectors.WenChaohui,female,bornin1974,holdsabachelor'sdegreeandisanaccountantwithoutpermanentresidencyabroad;Sheusedtobetheheadoffinancedepartment,manageroffinancedepartmentandCFOofShenzhenTopbandCo.,Ltd.,adirectorofShenzhenDefangNanoCo.,Ltd.,andadirectorofShenzhenDynanonicCo.,Ltd.;SheisnowthedeputygeneralmanagerandsecretaryofBoardofDirectorsoftheCompany.Ms.WenZhaohuihasbeenhonoredas"NewFortuneGoldenSecretary"forfiveconsecutiveyears.Shewonthetitlesof"ExcellentSecretary"awardedbyShenzhenSecuritiesRegulatoryBureauand"SecuritiesTimesTop100BoardSecretaries"in2015,2016and2017,andwasselectedinto"NewFortuneHallofFameofGoldenSecretariesin2019".XiangWei,male,bornin1977,holdsabachelor'sdegreeandisaseniormanagementaccountantandaninternationalaccountantwithoutpermanentresidencyabroad;HeusedtobethechiefaccountantofNorthChinaAluminumCo.,Ltd.,theaccountingsupervisorandsubsidiaryfinancialmanagerofYiYangJewelryIndustryCo.,Ltd.,andthedeputyfinancialmanagerandfinancialmanagerofShenzhenTopbandCo.,Ltd.;HeisnowtheCFOoftheCompany.Employmentinshareholderentity
□Applicable?NotapplicableEmploymentinotherentities?Applicable□Notapplicable
Nameofstaff | Nameofotherentities | Positionatotherentities | Startingdateoftermofoffice | Endingdateoftermofoffice | Receiveremunerationallowancefromotherentityornot |
WuYongqiang | ShenzhenTopbandSoftwareTechnologyCo.,Ltd. | Executivedirector | 2014/09/18 | No | |
WuYongqiang | ShenzhenTopbandBatteryCo.,Ltd. | Executivedirectorandgeneralmanager | 2009/04/29 | No | |
WuYongqiang | ShenzhenHongruInvestmentManagementCo.,Ltd. | Executive(standing)director | 2015/08/20 | No | |
WuYongqiang | ShenzhenHongruInvestmentEnterprise(LimitedPartnership) | Partner | 2015/09/02 | No | |
WuYongqiang | ShenzhenYAKOAutomationTechnologyCo.,Ltd. | Chairman | 2022/12/24 | No | |
WuYongqiang | ShenzhenTopbandAutomationTechnologyCo.,Ltd. | Executivedirector | 2016/11/24 | No |
WuYongqiang | ShenzhenYankaiElectricalTechnologyCo.,Ltd. | Executivedirectorandgeneralmanager | 2019/05/05 | No | |
WuYongqiang | Topband(Qingdao)IntelligentControlCo.,Ltd. | Executivedirectorandmanager | 2021/03/29 | No | |
WuYongqiang | NingboTopbandIntelligentControlCo.,Ltd. | Executivedirectorandgeneralmanager | 2017/08/28 | No | |
JiShuhai | ShenzhenShuofangPrecisionMachineryCo.,Ltd. | Executivedirectorandgeneralmanager | 2010/05/24 | Yes | |
PengGanquan | ShenzhenAlliedControlSystemCo.,Ltd. | Executivedirectorandgeneralmanager | 2016/12/20 | No | |
PengGanquan | ShenzhenTopbandAutomotiveElectronicsCo.,Ltd. | GeneralManager | 2021/09/07 | No | |
PengGanquan | TOPBANDINDIAPRIVATELIMITED | Director | 2015/12/11 | No | |
ZhengSibin | ShenzhenTopbandSoftwareTechnologyCo.,Ltd. | Supervisor | 2004/02/26 | No | |
ZhengSibin | ChongqingTopbandIndustrialCo.,Ltd. | Supervisor | 2008/03/12 | No | |
HuaXiuping | NingboFubangJingyeGroupCo.,Ltd. | Independentdirector | 2020/03/28 | Yes | |
HuaXiuping | NingboYuyaoRuralCommercialBankCo.,Ltd. | Independentdirector | 2022/02/17 | Yes | |
HuaXiuping | BankofDongguanCo.Ltd. | Independentdirector | 2020/06/01 | Yes | |
HuaXiuping | NottinghamUniversityBusinessSchool(China) | AssociateProfessorofFinance | 2016/07/01 | Yes | |
LiXumeng | ZhuoyuehuiInnovationandDevelopment(Shenzhen)Co.,Ltd. | Researcher | 2018/06/01 | Yes | |
LiXumeng | BeijingDanfuInvestmentManagementCenter(GeneralPartnership) | Partner | 2015/06/08 | No | |
HuangYuegang | ShenzhenAoyaDesignCo.,Ltd. | Independentdirector | 2021/07/06 | Yes | |
HuangYuegang | GuizhouTyreCo.,Ltd. | Independentdirector | 2019/03/01 | Yes | |
DaiHuijuan | HuizhouTopbandElectricalTechnologyCo.,Ltd. | Executivedirectorandgeneralmanager | 2011/11/14 | No | |
DaiHuijuan | ShenzhenTopbandAutomotiveElectronicsCo.,Ltd. | Supervisor | 2021/09/07 | No | |
Explanationofemploymentinotherentities | None |
Punishmentofsecuritiesregulatorforthepresentandoff-postdirector,supervisorandseniorexecutivesduringthereportingperiodintheCompanyinthelastthreeyears
□Applicable?Notapplicable
3.Remunerationfordirectors,supervisorsandseniorexecutivesDecision-makingprocedures,confirmationbasis,andactualpaymentofremunerationfordirectors,supervisors,andseniorexecutives
1.Decision-makingprocedureandconfirmationbasisofremuneration:TheremunerationoftheCompany'sdirectors,supervisorsandseniorexecutivesshallbepaidaccordingtotheRemunerationManagementSystemfor
Directors,SupervisorsandSeniorExecutivesdeliberatedandpassedbytheGeneralMeetingofShareholders.Theremunerationandappraisalcommitteeshallformulateadirectors'remunerationplanandsubmitittotheBoardofDirectorsforreviewandapprovalbytheGeneralMeetingofShareholders.
2.TheRemunerationManagementSystemforDirectors,SupervisorsandSeniorExecutivesofShenzhenTopbandCo.,Ltd.,whichwasrevisedatthe2011GeneralMeetingofShareholdersonApril17,2012,stipulatesthattheallowanceforindependentdirectorsoftheCompanyisRMB84,000(beforetax)peryear,whichispaidaccordingtotheirdurationofserviceandrelevantregulations.TheCompanyshallberesponsibleforthetravelexpensesoftheindependentdirectorswhoattendtheBoardofDirectorsandtheGeneralMeetingofShareholdersandtheexpensesrequiredfortheexerciseoftheirfunctionsandpowersaccordingtotheArticlesofAssociationoftheCompany.Remunerationfordirectors,supervisors,andseniorexecutivessinthereportingperiod
Unit:RMBtenthousand
Name | Position | Gender | Age | Positionstatus | Totalpre-taxremunerationreceivedfromtheCompany | IsremunerationsreceivedfromrelatedpartiesoftheCompany |
WuYongqiang | Chairman | Male | 58 | Incumbent | 157.61 | No |
JiShuhai | Director | Male | 61 | Incumbent | 8.40 | No |
ZhengSibin | Directoranddeputygeneralmanager | Male | 57 | Incumbent | 221.39 | No |
MaWei | Directoranddeputygeneralmanager | Male | 49 | Incumbent | 193.12 | No |
PengGanquan | Director | Male | 51 | Incumbent | 244.13 | No |
WuHang | Director | Male | 38 | Incumbent | 8.40 | No |
LiXumeng | Independentdirector | Male | 56 | Incumbent | 8.40 | No |
HuaXiuping | Independentdirector | Female | 44 | Incumbent | 8.40 | No |
WenZhaohui | DeputyGeneralManagerandSecretaryoftheBoardofDirectors | Female | 49 | Incumbent | 89.96 | No |
XiangWei | Chieffinancialofficer | Male | 46 | Incumbent | 89.68 | No |
DaiHuijuan | Supervisor | Female | 47 | Incumbent | 96.95 | No |
KangWeiquan | Supervisor | Male | 39 | Incumbent | 39.87 | No |
ChenJinzhou | Supervisor | Male | 45 | Incumbent | 88.87 | No |
HuangYuegang | Independentdirector | Male | 65 | Incumbent | 8.40 | No |
Total | -- | -- | -- | -- | 1,263.58 | -- |
VI.Performanceofdutiesbydirectorsduringthereportingperiod
1.InformationontheBoardofDirectorsinthereportingperiod
Meetingsession | Meetingdate | Dateofdisclosure | Meetingresolution |
The18th(Extraordinary)Meetingofthe7thBoardofDirectors | 2022/01/07 | 2022/01/08 | 1.DeliberatedandpassedtheProposalonImplementationMode,SubjectandLocationofChangesinSomeCapital-raisingProjects;2.DeliberatedandpassedtheProposalonAddingaSpecialAccountforRaisedFundsandSigningaTripartiteSupervisionAgreement;3.DeliberatedandpassedtheProposalonIncreasingInvestmentinWholly-ownedSubsidiariesandSub-subsidiaries;4.DeliberatedandpassedtheProposalonConveningtheFirstExtraordinaryGeneralMeetingofShareholdersin2022; |
The19thMeetingofthe7thBoardofDirectors | 2022/01/13 | 2022/01/15 | 1.DeliberatedandpassedtheProposalontheDevelopmentofForwardExchangeTransactions;2.DeliberatedandpassedtheProposalonSigningAPurchaseFrameworkAgreementwithShenzhenJizhiguangElectronicsCo.,Ltd. |
The20th(Extraordinary)Meetingofthe7thBoardofDirectors | 2022/02/11 | 2022/02/15 | 1.DeliberatedandpassedtheProposalonTemporarilyReplenishingWorkingCapitalwithSomeIdleRaisedCapitals |
The21stMeetingofthe7thBoardofDirectors | 2022/03/18 | 2022/03/22 | 1.DeliberatedandpassedtheProposalonAnnualReport2021andAbstract;2.DeliberatedandpassedtheProposalon2021WorkReportoftheBoardofDirectors;3.DeliberatedandpassedtheProposalon2021WorkReportoftheGeneralManager;4.DeliberatedandpassedtheProposalon2021FinalFinancialReport;5.DeliberatedandpassedtheProposalon2021ProfitDistributionPlan;6.DeliberatedandpassedtheProposalon2021InternalControlEvaluationReport;7.DeliberatedandpassedtheProposalonRemunerationofCompanyDirectorsin2021;8.DeliberatedandpassedtheProposalonRemunerationofCompanySeniorExecutivesin2021;9.DeliberatedandpassedtheProposalonSpecialReportonDepositandUsingofRaisedFundsin2021;10.DeliberatedandpassedtheProposalontheThirdExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRights;11.DeliberatedandpassedtheProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan;12.DeliberatedandpassedtheProposalonUsingPartofIdleRaisedCapitalsandSelf-ownFundsforCashManagement;13.DeliberatedandpassedtheProposalonApplicationforComprehensiveCreditLinefromBanksbytheCompanyandItsSubsidiariesin2022;14.DeliberatedandpassedtheProposalonRenewingtheEmploymentofAuditInstitutionin2022;15.DeliberatedandpassedtheProposalonAccrualofAssetImpairmentReservesin2021;16.DeliberatedandpassedtheProposalontheRepurchaseoftheCompany'sShares;17.DeliberatedandpassedtheProposalonPlanningtheSpin-offListingofControlledSubsidiaries; |
18.DeliberatedandpassedtheProposalonCorrectionandRetroactiveAdjustmentofEarlyAccountingErrors;19.DeliberatedandpassedtheProposalon2021ESG&SocialResponsibilityReport;20.DeliberatedandpassedtheProposalonConveningthe2021AnnualGeneralMeetingofShareholders | |||
The22nd(Extraordinary)Meetingofthe7thBoardofDirectors | 2022/03/24 | 2022/03/26 | 1.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketofShenzhenStockExchangeinCompliancewithRelevantLawsandRegulations;2.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)fortheInitialPublicOfferingofRMBOrdinaryShares(AShares);3.DeliberatedandpassedtheProposalonthePlanofShenzhenTopbandCo.,Ltd.forSpinningOffofItsSubsidiary(ShenzhenYAKOAutomationTechnologyCo.,Ltd.)toListontheGrowthEnterpriseMarket;4.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketofShenzhenStockExchangeinCompliancewithRulesfortheSpin-offofListedCompanies(ForTrialImplementation);5.DeliberatedandpassedtheProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketofShenzhenStockExchangeandtoSafeguardtheLegalRightsandInterestsofShareholdersandCreditors;6.DeliberatedandpassedtheProposalonMaintainingIndependenceandSustainableOperationAbilities;7.DeliberatedandpassedtheProposalontheShenzhenYAKOAutomationTechnologyCo.,Ltd.WithRelevantStandardOperationCapacities;8.DeliberatedandpassedtheProposalontheExplanationofShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)FulfillingtheCompletenessandComplianceofLegalProceduresDuringtheSpin-offListingandValidityofLegalDocumentsSubmitted;9.DeliberatedandpassedtheProposalonAuthorizingtheBoardofDirectorsandAuthorizedPersonstoFullyHandleMattersRegardingSpin-offListingofShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)ontheGrowthEnterpriseMarketofShenzhenStockExchange;10.DeliberatedandpassedtheProposalonthePurpose,CommercialReasonableness,NecessityandFeasibilityAnalysisoftheSpin-off;11.DeliberatedandpassedtheProposalontheAppointmentofRepresentativeforSecuritiesAffairs;12.DeliberatedandpassedtheProposalonAddingTemporaryProposalsforthe2021AnnualGeneralMeetingofShareholders |
The23rd(Extraordinary)Meetingofthe7thBoardofDirectors | 2022/03/30 | 2022/03/31 | 1.DeliberatedandpassedtheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021;2.DeliberatedandpassedtheProposalonAddingTemporaryProposalsforthe2021AnnualGeneralMeetingofShareholders |
The24thMeetingofthe7thBoardofDirectors | 2022/04/19 | 2022/04/21 | 1.DeliberatedandpassedtheProposalonReportfortheFirstQuarterof2022;2.DeliberatedandpassedtheProposalonUsingBankAcceptanceBillstoPayforFundsofCapital-raisingProjectsandExchangetheRaisedFundsinEqualAmount |
The25thMeetingofthe7thBoardofDirectors | 2022/04/26 | 2022/04/27 | 1.DeliberatedandpassedtheProposalonAdjustingtheExercisePriceoftheStockOptionIncentivePlanin2018; |
2.DeliberatedandpassedtheProposalonCancellationofPartialStockOptionsof2018StockOptionIncentivePlan | |||
The26thMeetingofthe7thBoardofDirectors | 2022/07/25 | 2022/07/27 | 1.DeliberatedandpassedtheProposalon2022Semi-annualReportandAbstract;2.DeliberatedandpassedtheProposalonSpecialReportonDepositandUsingofSemi-annualRaisedFundsin2022;3.DeliberatedandpassedtheProposalonAdjustingtheRepurchasePriceofRestrictedStockIncentivePlanin2021;4.DeliberatedandpassedtheProposalonRevisingtheInvestorRelationManagementSystem |
The27th(Extraordinary)Meetingofthe7thBoardofDirectors | 2022/08/18 | 2022/08/20 | 1.DeliberatedandpassedtheProposalonSigningtheSupplementaryAgreementIItotheInvestmentAgreementbytheWholly-ownedSubsidiariesoftheCompany;2.DeliberatedandpassedtheProposalonImplementationLocationandModeofChangesinSomeCapital-raisingProjectsAgain;3.DeliberatedandpassedtheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021;4.DeliberatedandpassedtheProposalonChangingRegisteredCapitaloftheCompany;5.DeliberatedandpassedtheProposalonRevisingArticlesofAssociation;6.DeliberatedandpassedtheProposalonConveningtheSecondExtraordinaryGeneralMeetingofShareholdersin2022 |
The28th(Extraordinary)Meetingofthe7thBoardofDirectors | 2022/09/23 | 2022/09/24 | 1.DeliberatedandpassedtheProposalonAdjustingCorporate-levelPerformanceEvaluationIndicatorsofRestrictedStockIncentivePlanin2021;2.DeliberatedandpassedtheProposalonChangingtheRegisteredAddressoftheCompanyandRevisingtheArticlesofAssociation;3.DeliberatedandpassedtheProposalonConveningtheThirdExtraordinaryGeneralMeetingofShareholdersin2022 |
The29thMeetingofthe7thBoardofDirectors | 2022/10/27 | 2022/10/28 | 1.DeliberatedandpassedtheProposalonReportfortheThirdQuarterof2022;2.DeliberatedandpassedtheProposalonRevisingtheRelatedTransactionManagementSystem;3.DeliberatedandpassedtheProposalonRevisingtheExternalGuaranteeSystem |
The30thMeetingofthe7thBoardofDirectors | 2022/12/19 | 2022/12/20 | 1.DeliberatedandpassedtheProposalonTemporarilyReplenishingWorkingCapitalwithSomeIdleRaisedCapitals |
2.Attendanceofdirectorsatboardmeetingsandthegeneralmeetingsofshareholders
Attendanceofdirectorsatboardmeetingsandthegeneralmeetingsofshareholders | |||||||
Namesofdirectors | NumberofrequiredattendancesonthemeetingofBoardofDirectorsinthereportingperiod | Numberofboardmeetingsthatshallbeattendedonthespot | Numberofboardmeetingsattendedbymeansofcommunication | Numberoftimesofentrustedattendanceatboardmeetings | Numberoftimesofabsencefromboardmeetings | Didanyofthemfailtoattendboardmeetingsinpersonfortwoconsecutivetimes | Numberofthegeneralmeetingsofshareholdersattended |
WuYongqiang | 13 | 9 | 4 | 0 | 0 | No | 4 |
JiShuhai | 13 | 0 | 13 | 0 | 0 | No | 4 |
MaWei | 13 | 8 | 5 | 0 | 0 | No | 4 |
PengGanquan | 13 | 9 | 4 | 0 | 0 | No | 4 |
ZhengSibin | 13 | 9 | 4 | 0 | 0 | No | 4 |
WuHang | 13 | 0 | 13 | 0 | 0 | No | 4 |
HuangYuegang | 13 | 0 | 13 | 0 | 0 | No | 4 |
HuaXiuping | 13 | 0 | 13 | 0 | 0 | No | 4 |
LiXumeng | 13 | 1 | 12 | 0 | 0 | No | 4 |
ExplanationofabsencefromboardmeetingsfortwoconsecutivetimesNotapplicable
3.ObjectionofdirectorstorelatedmattersoftheCompanyDidanydirectorraiseanyobjectiontorelevantmattersoftheCompany
□Yes?NoDuringthereportingperiod,nodirectorraisedanyobjectiontorelevantmattersoftheCompany.
4.OtherdescriptionforperformanceofdutiesbydirectorsWeretherelevantsuggestionsofdirectorstotheCompanyadopted?Yes□NoExplanationofthefactthattherelevantsuggestionsofdirectorstotheCompanywereorwerenotadoptedNotapplicable
VII.InformationofspecialcommitteesundertheBoardofDirectorsduringthereportingperiod
Namesofcommittees | Members | Numberofmeetingsheld | Meetingdate | Meetingcontent | Importantopinionsandsuggestionsputforward | Otherperformanceofduties | Detailsofobjections(ifany) |
AuditCommittee | HuangYuegangHuaXiupingLiXumeng | 5 | 2022/01/20 | Deliberation:1.ProposalonthePreliminaryReviewOpinionsontheFinancialandAccountingStatementsof2021AnnualReport;2.ProposalontheAuditWorkTimeandArrangementofAnnualReport2021;3.ProposalontheWorkReportfortheFourthQuarterof2021andWorkPlanfortheFirstQuarterof2022oftheAudit | TheauditcommitteestrictlyreviewedthemattersunderreviewinaccordancewiththeRulesofProcedureoftheAuditCommitteeoftheBoardofDirectorsandrelevantlawsandregulations,fullycommunicatedwiththefinancedepartmentandauditinstitution,andunanimouslyagreedon | Notapplicable | Notapplicable |
Department;4.Proposalonthe2021WorkSummaryandWorkPlanfortheNextYearoftheAuditDepartment. | therelevantproposals. | |||
2022/03/18 | Deliberation:1.ProposalontheOpinionsontheFinancialandAccountingReportsoftheCompanyin2021;2.Proposalon2021InternalControlEvaluationReport;3.ProposalonRenewingtheEmploymentofBakerTillyChinaCertifiedPublicAccountantsastheAuditInstitutionin2022;4.ProposalonAccrualofAssetImpairmentReservesin2021;5.ProposalonSpecialReportonDepositandUsingofRaisedFundsin2021. | TheauditcommitteestrictlyreviewedthemattersunderreviewinaccordancewiththeRulesofProcedureoftheAuditCommitteeoftheBoardofDirectorsandrelevantlawsandregulations,fullycommunicatedwiththefinancedepartmentandauditinstitution,andunanimouslyagreedontherelevantproposals. | Notapplicable | Notapplicable |
2022/04/19 | Deliberation:1.ProposalontheOpinionsontheFinancialandAccountingStatementsfortheFirstQuarterof2022;2.DeliberatedtheProposalontheWorkReportfortheFirstQuarterandWorkPlanfortheSecondQuarterof2022oftheAuditDepartment. | TheauditcommitteestrictlyreviewedthemattersunderreviewinaccordancewiththeRulesofProcedureoftheAuditCommitteeoftheBoardofDirectorsandrelevantlawsandregulations,fullycommunicatedwiththefinancedepartmentandauditinstitution,andunanimouslyagreedontherelevantproposals. | Notapplicable | Notapplicable |
2022/07/25 | Deliberation:1.ProposalontheOpinionsontheFinancialandAccountingReportsoftheCompanyfortheSecondQuarterof2022;2.DeliberatedtheProposalontheWorkReportfortheFirstQuarterandWorkPlanfortheThirdQuarterof2022oftheAuditDepartment. | TheauditcommitteestrictlyreviewedthemattersunderreviewinaccordancewiththeRulesofProcedureoftheAuditCommitteeoftheBoardofDirectorsandrelevantlawsandregulations,fullycommunicatedwiththefinancedepartmentandauditinstitution,andunanimouslyagreedontherelevantproposals. | Notapplicable | Notapplicable |
2022/10/27 | Deliberation:1.ProposalontheOpinionsontheFinancialandAccountingReportsoftheCompanyfortheThirdQuarterof2022;2.ProposalontheWorkReportfortheThirdQuarterof2022andWorkPlanfortheFourth | TheauditcommitteestrictlyreviewedthemattersunderreviewinaccordancewiththeRulesofProcedureoftheAuditCommitteeoftheBoardofDirectorsandrelevantlawsand | Notapplicable | Notapplicable |
Quarterof2022oftheAuditDepartment;
3.OpinionsontheOccupationofCompanyFundsandExternalGuaranteesofControllingShareholdersandOtherRelatedParties.
regulations,fullycommunicatedwiththefinancedepartmentandauditinstitution,andunanimouslyagreedontherelevantproposals. | |||||||
SalaryandAssessmentCommittee | HuaXiupingWuYongqiangHuangYuegang | 2 | 2022/03/18 | Deliberation:1.ProposalonRemunerationofCompanyDirectorsin2021;2.ProposalonRemunerationofCompanySupervisorsin2021;3.ProposalonRemunerationofCompanySeniorExecutivesin2021;4.ProposalontheThirdExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRights. | TheRemunerationandAppraisalCommitteeundertheBoardofDirectorsreviewedthemattersunderconsiderationinstrictaccordancewiththeWorkingRulesofRemunerationandAppraisalCommitteeundertheBoardofDirectorsandrelevantlawsandregulations,andunanimouslyagreedtotherelevantproposal. | Notapplicable | Notapplicable |
2022/09/23 | DeliberatedtheProposalonAdjustingCorporate-levelPerformanceEvaluationIndicatorsofMeasuresforImplementation,AssessmentandManagementofRestrictedStockIncentivePlanin2021. | TheRemunerationandAppraisalCommitteeundertheBoardofDirectorsreviewedthemattersunderconsiderationinstrictaccordancewiththeWorkingRulesofRemunerationandAppraisalCommitteeundertheBoardofDirectorsandrelevantlawsandregulations,andunanimouslyagreedtotherelevantproposal. | Notapplicable | Notapplicable | |||
Strategycommittee | WuYongqiangZhengSibinPengGanquanMaWeiLiXumeng | 2 | 2022/03/18 | Deliberation:1.ProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketwithRelevantLawsandRegulations;2.ProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)fortheInitialPublicOfferingofRMBOrdinaryShares(AShares);3.ProposalonthePlanofShenzhenTopbandCo.,Ltd.forSpinningOffofItsSubsidiary(ShenzhenYAKOAutomationTechnologyCo.,Ltd.)toListontheGrowth | TheStrategicCommitteeundertheBoardofDirectorsreviewedthemattersunderconsiderationinstrictaccordancewiththeWorkingRulesofStrategicCommitteeundertheBoardofDirectorsandrelevantlawsandregulations,andunanimouslyagreedtotherelevantproposal. | Notapplicable | Notapplicable |
EnterpriseMarket;4.ProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketinCompliancewithRulesfortheSpin-offofListedCompanies(ForTrialImplementation);5.ProposalonSpinningoffShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)toListontheGrowthEnterpriseMarketandtoSafeguardtheLegalRightsandInterestsofShareholdersandCreditors;6.ProposalonMaintainingIndependenceandSustainableOperationAbilities;7.ProposalontheShenzhenYAKOAutomationTechnologyCo.,Ltd.WithRelevantStandardOperationCapacities;8.ProposalontheExplanationofShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)FulfillingtheCompletenessandComplianceofLegalProceduresDuringtheSpin-offListingandValidityofLegalDocumentsSubmitted;9.ProposalonAuthorizingtheBoardofDirectorsandAuthorizedPersonstoFullyHandleMattersRegardingSpin-offListingofShenzhenYAKOAutomationTechnologyCo.,Ltd.(Subsidiary)ontheGrowthEnterpriseMarketofShenzhenStockExchange;10.ProposalonthePurpose,CommercialReasonableness,NecessityandFeasibilityAnalysisoftheSpin-off. | |||||||
2022/09/23 | DeliberatedtheProposalonAdjustingCorporate-levelPerformanceEvaluationIndicatorsofRestrictedStockIncentivePlanin2021. | Notapplicable | Notapplicable | ||||
Nominationcommittee: | LiXumeng,WuYongqiang,HuangYuegang | 0 | Notapplicable | Notapplicable | Notapplicable |
VIII.WorkoftheBoardofSupervisors
DidtheBoardofSupervisorsfindthattheCompanyhadanyriskinthesupervisionactivitiesduringthereportingperiod
□Yes?NoTheBoardofSupervisorshadnoobjectiontothesupervisorymattersduringthereportingperiod.
IX.InformationontheCompany'semployees
1.Number,professionalcompositionandeducationlevelofemployees
Numberofon-the-jobemployeesintheparentcompanyattheendofthereportingperiod(person) | 2,934 |
Numberofon-the-jobemployeesinmajorsubsidiariesattheendofthereportingperiod(person) | 5,445 |
Totalnumberofon-the-jobemployeesattheendofthereportingperiod(person) | 8,379 |
Totalnumberofsalariedemployeesinthecurrentperiod(person) | 8,379 |
Numberofretiredemployeespaidbytheparentcompanyandmajorsubsidiaries(person) | 9 |
Specialtycomposition | |
Professionalcompositioncategory | Numberofspecialtycomposition(person) |
Productionpersonnel | 4,527 |
Salesmen | 593 |
Technician | 1,776 |
Financialstaff | 106 |
Administrativepersonnel | 668 |
Logisticspersonnel | 709 |
Total | 8,379 |
Educationlevel | |
Educationlevelcategory | Number(person) |
Bachelororabove | 3,017 |
Juniorcollegelevel | 1,286 |
Belowjuniorcollegelevel | 4,076 |
Total | 8,379 |
2.Remunerationpolicy
TheCompanyformulatessalarymanagementregulationsinaccordancewithrelevantnationallaborregulationsandpoliciesanditsactualsituation,andassessesandpayssalariesinaccordancewiththesalary
managementregulations.TheCompanystrictlycomplieswiththeLaborLawandrelevantnationalandlocallaborlawsandregulations,signslaborcontractswithemployees,andpaysvariousemployeeinsuranceaccordingtoregulations.ThetotalremunerationoftheCompanyconsistsofthreeparts:fixedsalary,performancesalary,andwelfarebenefits.Thefixedsalaryincludesbasicsalary,postsalary,andconfidentialsalary;Theperformancesalaryincludesperformancebonus,year-endbonus,andspecialbonus;Thebenefitsincludestatutorybenefits,corporatebenefits,andsubsidies.
3.TrainingplanTheCompanyhasestablishedatalenttrainingsystemcombiningprofessionalcompetenceandleadership,includingroutinetraining,professionalmoduletrainingandmanagementcadretraining.Fornewemployees,professionalsinR&D,purchaseandsales,andmiddletoseniorexecutives,theCompanydevelopsdifferenttrainingcoursesinstages,andimplementsannualtrainingplansintermsofcorporateculture,professionalskills,managementimprovement,professionalquality,andmentalhealth.Throughthecombinationofinternalandexternaltraining,excellenthumanresourcessupportisprovidedforthesustainabledevelopmentoftheCompany.
In2022,thetalentdevelopmentdepartmentandrelevantdepartmentsoftheCompanyconductedaseriesoftrainingstohelpnewemployeesbetteradapttothenewworkenvironmentandpost,familiarizethemselveswiththeCompany'srelevantsystems,andintegrateintothecorporateculture.TheCompany'shumanresourcescenterspeciallyarrangedasystematicplanfor"Topband'sOrientationTraining",whichcoveredcompanyintroduction,welfare,corporateculture,informationsystems,finance,intellectualproperty,basisoflegalaffairs,businesssecretsknowledge,ISCcoreideologicalconcepts,andoccupationalmentalhealth.The"TrainingforTopband'sNewEmployees"hasbecometheCompany'ssystematicnewcomertrainingprogram.In2022,morethan6,600newemployeesparticipatedintheOrientationTraining.Inordertoimprovetrainingefficiency,the"OrientationTraining"in2022waschangedfromtheoriginalofflinemodetoonlinemode,andofflineicebreakingactivitiesand"TopbandInitialExperience"offlinecheck-inactivitieswereaddedtoenrichthetrainingformsfornewemployeesandimprovetheeffectivenessoftraining.Atthesametime,theCompanyalsocarriedout101offlinetrainingsforproductionlineemployeesinHuizhou,includingorientationtraining,on-the-jobtraining,posttransfertraining,andspecialpostskillstraining.
Inadditiontoregulartraining,theCompanyalsoirregularlyheldvariousprofessionaltrainingtailoredtodifferentpostsbasedonactualbusinessneeds,includingspecialtrainingonfinance,legalaffairs,patent,customs,
purchase,supplychain,sales,R&D,manufacturingandquality,aswellassubjectexchangeandsharingonvariousprofessionalmodulesandtechnologies.ThetrainingforprofessionalpostsprovidedbytheCompanyin2022,includingR&DSpecialSkillTraining,HRBPTrainingCamp,SourcingTrainingCamp,BuyerTrainingCamp,InternalTrainerTrainingCamp,TutorTrainingCamp,AR\SRAbilityImprovementTrainingCamp,EnglishImprovementTrainingCamp,CommunicationTrainingCampandNewbieTrainingCamp,covered1,600persons-time,withthecoursedurationofabout260h.Variousdepartmentsconductednearly1,000internalskilltrainings,withatotaltrainingdurationofabout2,000h.
Intermsofleadershipimprovementtraining,theCompanydesignedandimplementedmanagementabilityandleadershipimprovementtrainingcampsatalllevelsin2022,whichwereconductedinmultiplephases,withatotallearningdurationof480h.Thisachievedfullcoverageoftrainingformanagementcadresatalllevels,fromgrass-rootsreservecadresandgroupleaderstomiddle-levelsupervisorsandmanagers,andthentotheBUgeneralmanagers,soastoimprovethecomprehensiveabilityoftheCompany'sexecutivesandprovidetalentguaranteefortheimplementationoftheCompany'sstrategies.Inaddition,in2022,theCompanyestablishedaspecialteamandbuiltanonlinelearningplatformcoveringthewholegroupandallemployeesandaimingtocreateamoreconvenientandflexiblelearningchannelforthelearningandgrowthofallemployeesinthegroup.Theonlinelearningplatformcoursesystemwasmainlydividedintoeightmodules:strategystudyschool,managementschool,marketingschool,professionalschool,HRschool,workplaceschool,masterschool,andEAPschool.Aftertheinitialconstructionoftheplatform,thespecialteamlistedtheconstructionplanforthenextthreeyears,whichwasdividedintoeachyearandgraduallyimplemented.TheCompanyfirstestablishedqualitycoursesforthemanagementschool.In2023,itwillcontinuetopushforwardandplantoestablish185courses.Atthesametime,itisalsoplannedtocovertheoverseasemployeetrainingsystemin2023,tohelpimprovetheabilitiesoftheCompany'sdomesticandforeignemployees.
TheCompanyplacesahighpriorityonthetrainingplan.InordertoimprovethetargetednatureofthetrainingandeffectivelyenhancetheprofessionalabilitiesofpersonnelinvariousdepartmentsoftheCompany,themoduleheadsofvariousdepartmentsandthetalentdevelopmentdepartmentofthehumanresourcescenterjointlyformulatethe2023trainingplan.Inordertoenhancetheinternalimplementationabilityofthedepartment,themoduleheadsofvariousdepartmentsandcorrespondinglecturerswillensurethatthetrainingplaniseffectivelyandorderlycarriedout,andthetalentdevelopmentdepartmentofthehumanresourcescenterwillsuperviseandmanagetheimplementation.The2023trainingplancoversmultiplemodulessuchasmanagement,professional
technicaltheoryandpractice,andengineeringprocesscapabilityimprovement.Intermsofcoursedesign,teachingmethods,trainingsystem,lecturersandotherresources,theCompanyeffectivelyguaranteestheopportunitiesforemployeestolearnandgrow,andescortsthecareerdevelopmentofemployees.
4.Laboroutsourcing
□Applicable?NotapplicableI.ProfitdistributionandconversionofcapitalaccumulationfundtosharecapitaloftheCompanyPreparation,implementation,oradjustmentofpolicyforprofitdistribution,especiallypolicyofcashdividendsinthereportingperiod?Applicable□NotapplicableDuringthereportingperiod,theBoardofDirectorsoftheCompanyformulatedtheprofitdistributionproposalin2021afterdetailedconsultationandlisteningtotheopinionsoftheshareholdersoftheCompanyincombinationwiththeCompany'sprofitsituationandinvestmentsituationin2021andtheinvestmentandexpenditureplansin2022,whichwasdeliberatedandpassedbythe21thMeetingofthe7thBoardofDirectorsandtheAnnualGeneralMeetingofShareholdersin2021.TheprofitdistributionplanoftheCompanyin2021wasafterdeducting1,254,260,172millionsharesalreadyrepurchasedintheCompany'sspecialrepurchaseaccountsfromthetotalsharecapitaloftheCompanyonthedateofrecordandthecashdividendsofRMB0.5(includingtax)forevery10shareswasdistributedtoallshareholders.Besides,nosharecapitalwasconvertedfromtheaccumulationfundandnobonussharewasgiven.TheaboveprofitdistributionplanwascompletedonApril29,2022.The2021annualprofitdistributionplancompliedwithlaws,regulations,theArticlesofAssociation,andtheShareholders'DividendPlanfortheNextThreeYears(2020-2022),andtheprofitdistributiondecision-makingprocedurescompliedwithrelevantlaws,regulations,andrules.
Specialexplanationofcashdividendpolicy | |
WhetheritmettherequirementsoftheArticlesofAssociationortheresolutionoftheGeneralMeetingofShareholders: | Yes |
Whetherthedividendstandardandproportionweredefiniteandclear: | Yes |
Whethertherelevantdecision-makingproceduresandmechanismswerecomplete: | Yes |
WhethertheIndependentDirectorperformedtheirdutiesandplayedtheirdueroles: | Yes |
Whethertheminorityshareholdersfullyraisedtheiropinionsanddemands,andwhethertheirlawfulrightsandinterestswereprotectedfully: | Yes |
Ifthecashdividendpolicyisadjustedorchanged,whethertheconditionsandprocedureswerecompliantandtransparent: | Notapplicable |
TheCompanymadeaprofitduringthereportingperiodandtheprofitoftheparentcompanyavailableforshareholders'distributionwaspositive,butnocashdividenddistributionproposalwasproposed
□Applicable?NotapplicableProfitdistributionandconversionofcapitalaccumulationfundtosharecapitalinthereportingperiod?Applicable□Notapplicable
Numberofbonussharessendforevery10shares(shares) | 0 |
Numberofdividendpaidforevery10shares(RMB)(includingtax) | 0.60 |
Equitybaseinthedistributionplan(shares) | 1,264,354,172 |
Cashdividendamount(RMB)(includingtax) | 75,861,250.32 |
Cashdividendamount(RMB)byothermeans(suchassharerepurchase) | 52,434,493.65 |
Totalcashdividends(includingothermeans)(RMB) | 128,295,743.97 |
Distributableprofit(RMB) | 1,256,697,391.07 |
Proportionoftotalcashdividends(includingothermeans)intotalprofitdistribution | 100% |
Distributionofcashdividendsinthisperiod | |
IfthedevelopmentstageoftheCompanyisinthegrowthperiodwithsignificantcapitalexpense,thelowestproportionofcashdividendsinprofitdistributionthistimeshallreach20%. | |
Detailedexplanationsofplanforprofitdistributionorconversionofcapitalaccumulationfundtosharecapital | |
2022profitdistributionplanoftheCompany:BasedonthetotalsharecapitaloftheCompanyof1,264,354,172shares(excluding5,181,200repurchasedtreasuryshares),theCompanydistributedcashdividendRMB0.60(taxinclusive)forevery10sharestoallshareholders,withoutconvertingtheaccumulationfundtoincreasethesharecapital.Theaccumulatedretainedearningsremainingaftertheimplementationoftheprofitdistributionplanwillbecarriedforwardtosubsequentyears.IfthetotalsharecapitaloftheCompanychangesbeforetheimplementationoftheprofitdistributionplanduetoreasonssuchassharerepurchaseandstockoptionexercise,thetotaldistributionwillbeadjustedaccordinglybasedontheprincipleofkeepingthedistributionratiopershareunchanged. |
XI.ImplementationoftheCompany'sequityincentiveplan,employeestockownershipplanorotheremployeeincentivemeasures?Applicable□Notapplicable
1.Equityincentive
1.Implementationofthestockoptionincentiveplanin2018:
(1)OnOctober26,2018,the7thMeetingofthe6thBoardofDirectorsandthe5thMeetingofthe6thBoardofSupervisorsoftheCompanydeliberatedandpassedtheProposalontheCompany's2018StockOptionIncentivePlan(Draft)andItsAbstract,whichwasapprovedbytheCompany's1stExtraordinaryGeneralMeetingofShareholdersin2018.ThegrantregistrationwascompletedonJanuary4,2019andatotalof684incentive
objectsweregranted42.887millionstockoptions.Amongthem,684incentiveobjectswerealldirectors,middleandseniorexecutivesandcoretechnology(business)backbonesoftheCompany.ThegrantpricewasRMB
3.80/shareandthegrantdatewasNovember27,2018.Thestockoptionwaslockedwithin12monthsfromthedateofgrant.Aftermeetingtheexerciseconditions,theincentiveobjectscouldapplyforexerciseinthreephaseswithin48monthsafterthedateofgrant.
(2)OnJuly26,2019,the15thMeetingofthe6thBoardofDirectorsandthe12thMeetingofthe6thBoardofSupervisorsdeliberatedandpassedtheProposalonAdjustingtheExercisePriceoftheStockOptionIncentivePlanin2018.The2018annualequitydistributionplanwasimplemented,andtheexercisepricewasadjustedfromRMB3.80persharetoRMB3.70pershareaccordingly.
(3)OnMarch30,2020,the22ndMeetingofthe6thBoardofDirectorsdeliberatedandpassedtheProposalontheFirstExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRightsandProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan:thereare606incentiveobjectsinthefirstexerciseperiodofthe2018stockoptionincentiveplanintheCompany,intotalof12.0147millionstockoptions,thatmeettheexerciseconditionsandcanbeexercised.TheCompanyplanstoadopttheindependentexercisemode.Giventhat7incentiveobjects,includingFangDikuiandZhangRong,resignedfromtheCompanyduetopersonalreasonsduringtheperiodfromtheannouncementonMarch31tothevestingdate,their142,000stockoptionsthathavebeengrantedbutnotyetexercisedwouldnotbeexercisedandwouldbecanceledbytheCompany.Thereviewprocedurefortheadjustmentofthenumberoftheseoptionswouldbecarriedoutinthefuture.
(4)AsofMay21,2020,606incentiveobjectsinthefirstexerciseperiodhadcompletedtheexerciseof
12.0147millionstockoptions,increasedtheCompany'ssharecapitalbyRMB12.0147million.
(5)OnMarch5,2021,the6thMeetingofthe7thBoardofDirectorsandthe6thMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalontheSecondExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRights,theProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan,andtheProposalonAdjustingtheExercisePriceoftheStockOptionIncentivePlanin2018.Therewere569incentiveobjectsinthesecondexerciseperiodtoexercisetheirrightsindependentlyandatotalof10,985,100stockoptionsmeetingtheexerciseconditions.Atthesametime,the2019annualequitydistributionplanwasimplemented,andtheexercisepriceofthe2018stockoptionincentiveplanwasadjustedfromRMB3.70persharetoRMB3.65pershareaccordingly.
(6)OnApril26,2021,the9thMeetingofthe7thBoardofDirectorsandthe8thMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalonAdjustingtheExercisePriceoftheStockOptionIncentivePlanin2018.The2020annualequitydistributionplanwasimplemented,andtheexercisepricewasadjustedfromRMB3.65persharetoRMB3.60pershareaccordingly.
(7)AsofAugust6,2021,10,950,600stockoptionsinvolving567incentiveobjectsthatmeettheexercisingconditionshavebeenexercised.
(8)OnMarch18,2022,the21stMeetingofthe7thBoardofDirectorsandthe17thMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalontheThirdExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRightsandtheProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan.Therewere543incentiveobjectsinthethirdexerciseperiodtoexercisetheirrightsindependentlyandatotalof14,049,300stockoptionsmeetingtheexerciseconditions.Giventhat22incentiveobjects,includingZhangRanandWuMingli,resignedfromtheCompanyduetopersonalreasonsduringtheperiodfromtheannouncementonMarch22tothevestingdate,their324,000stockoptionsthathavebeengrantedbutnotyetexercisedwouldnotbeexercisedandwouldbecanceledbytheCompany;Giventhat2incentiveobjectswasratedas"unqualified"intermsoftheperformanceappraisalduringtheassessmentperiodofthethirdexerciseperiodin2021,alltheexercisablequotaofthestockoptioninthecurrentyearcannotbeexercised;Giventhat22incentiveobjectsratedas"good"or"qualified"intermsoftheperformanceappraisal,75%ofexercisablequotaofthestockoptioninthecurrentyearcanbeexercised.Thenumberofoptionsthatcannotbeexercisedbythe24incentiveobjectsmentionedabovewas227,500,whichwouldbeuniformlycanceledbytheCompany.Thereviewprocedurefortheadjustmentofthetotalnumberof551,500stockoptionswillbecarriedoutinthefuture.
(9)OnApril26,2022,the25thMeetingofthe7thBoardofDirectorsandthe21stMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalonAdjustingtheExercisePriceoftheStockOptionIncentivePlanin2018.The2021annualequitydistributionplanwasimplemented,andtheexercisepricewasadjustedfromRMB3.60persharetoRMB3.55pershareaccordingly.
(10)AsofMay16,2022,14.0493millionstockoptionsinvolving543incentiveobjectsthatmeettheexercisingconditionshadbeenexercised,increasedtheCompany'ssharecapitalbyRMB14.0493million.
(11)OnJune2,2022,uponreviewandconfirmationbytheShenzhenBranchofChinaSecuritiesDepositoryandClearingCo.,Ltd.,551,500stockoptionsthatfailedtomeettheexerciseconditionsduringtheassessment
periodofthethirdexerciseperiodin2021havebeenthecanceled,andthe2018stockoptionincentiveplanhasbeensuccessfullyimplemented.Fordetailsoftheimplementationofthestockoptionincentiveplanin2018,pleaserefertotheCompany'sannouncementsdisclosedintheSecuritiesTimesandCNINFO(http://www.cninfo.com.cn)onJuly30,2019,March31,2020,May11,2020,March9,2021,March22,2022,April27,2022,andJune3,2022.
2.Implementationoftherestrictedstockincentiveplanin2021:
(1)OnSeptember20,2021,the13th(Extraordinary)Meetingofthe7thBoardofDirectorsdeliberatedandpassedtheProposalontheCompany'sRestrictedStockIncentivePlanin2021,andagreedtograntupto34millionrestrictedstockstotheincentiveobject.ThesharesofthisplancomefromthesharesrepurchasedbytheCompany'sspecialrepurchaseaccountandtheordinaryAsharesissuedbytheCompanytotheincentiveobject.Amongthem,14,838,920sharesintheCompany'sspecialrepurchasesecuritiesaccountwillbeusedasasourceofsomeofthesharesintheimplementationofthisplan,whiletherestwillbeissuedtotheincentiveobject.Therestrictedperiodoftherestrictedstocksgrantedthistimeis12months,24monthsand36monthsfromthedateofcompletionofthegrantingandregistrationoftherestrictedstocks,andtherestrictedstockswillbeliftedataratioof30%,30%and40%,respectively.
(2)TheCompanyheldthe14thMeetingofthe7thBoardofDirectorsandthe11thMeetingofthe7thBoardofSupervisorsonOctober13,2021,whichdeliberatedandpassedtheProposalontheCompany'sRestrictedStockIncentivePlanin2021(Draft)andItsAbstract,theProposalonAdministrativeMeasuresfortheImplementationandEvaluationoftheCompany'sRestrictedStockIncentivePlanin2021,andtheProposalonRequestingtheShareholders'MeetingtoAuthorizetheBoardofDirectorstoHandleMattersRelatedtotheCompany'sRestrictedStockIncentivePlanin2021andagreedtogrant34millionrestrictedstocksto1,250incentiveobjects.The11thMeetingofthe7thBoardofSupervisorsofdeliberatedandpassedrelevantproposalsandverifiedthelistofincentiveobjectsinthisincentiveplan.Independentdirectorsexpressedindependentopinionsonthismatter,andlawyersissuedlegalopinions.
(3)OnOctober15,2021,theCompanypubliclyannouncedthenamesandpositionsoftheincentiveobjectsinthisincentiveplanontheCompany'sinternalOAofficesystem,withapublicityperiodfromOctober15,2021toOctober24,2021.Noorganizationorindividualraisedanyobjectiontothelistofincentiveobjectsduringthepublicityperiod.OnOctober26,2021,theCompanydisclosedtheAuditOpinionsoftheBoardofSupervisorsontheListofIncentiveObjectsintheRestrictedStockIncentivePlanin2021andtheExplanationofPublicity.The
BoardofSupervisorsbelievedthattheproposedincentiveobjectsinthisincentiveplandidnothavethesituationthatrelevantlawsandregulationsdonotallowthemtobetheincentiveobjects,andmettheparticipationqualificationswithinthescopeoftheincentiveobjectsinthisincentiveplan.
(4)OnNovember1,2021,theCompanyheldthe2ndextraordinaryshareholders'meeting,whichdeliberatedandpassedtheProposalontheCompany'sRestrictedStockIncentivePlanin2021(Draft)andItsAbstract,theProposalonAdministrativeMeasuresfortheImplementationandEvaluationoftheCompany'sRestrictedStockIncentivePlanin2021,andtheProposalonRequestingtheShareholders'MeetingtoAuthorizetheBoardofDirectorstoHandleMattersRelatedtotheCompany'sRestrictedStockIncentivePlanin2021andotherrelevantproposalsrelatedtotheIncentivePlan,andauthorizedtheBoardofDirectorstodeterminethegrantdateundertheIncentivePlan,grantrestrictedstockstoincentiveobjectswhentheymettheconditionsandhandleallmattersrequiredforthegrantofrestrictedstocks.
(5)OnNovember2,2021,theCompanyheldthe16th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe13th(Extraordinary)Meetingofthe7thBoardofSupervisors,whichdeliberatedandpassedtheProposalonAdjustingtheNumberofStockOptionsGrantedundertheRestrictedStockIncentivePlanin2021andListofIncentiveObjectsandtheProposalonGrantingRestrictedStockstoIncentiveObjects.InviewofthedemissionoftheincentiveobjectOuLispecifiedintheIncentivePlanandthefactthatWangCheng,ShenZhiwenandTianConghuietal.voluntarilygaveupthesubscriptionofrestrictedstockstobegrantedbytheCompanyforpersonalreasons,theBoardofDirectorsoftheCompanydecidedtocanceltherestrictedstockstobegrantedtothem.Afterthecancellation,thenumberofrestrictedstockstobegrantedundertheIncentivePlanwasreducedfrom34millionto33.951million,andthenumberofincentiveobjectsdecreasedfrom1,250to1,246.November2,2021wasdeterminedasthegrantdate,and33.951millionrestrictedstocksweregrantedto1,246eligibleincentiveobjects.TheBoardofSupervisorsoftheCompanyreviewedthelistofincentiveobjects,andindependentdirectorsexpressedtheirindependentopinionsandlawyersissuedlegalopinions.
(6)OnDecember7,2021,theCompanyheldthe17th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe14th(Extraordinary)Meetingofthe7thBoardofSupervisors,whichdeliberatedandpassedtheProposalonAdjustingtheNumberofStockOptionsGrantedundertheRestrictedStockIncentivePlanin2021andListofIncentiveObjects.Inviewofthefactthat22incentiveobjectssuchasLiXiang,YuDingguoandLuYuanshanspecifiedintheIncentivePlanvoluntarilygaveuptheirsubscriptionofalltherestrictedstocksgrantedtothemforpersonalreasonsand10incentivetargetssuchasLiaoXinmeng,WangCaoandLiuXiaoshivoluntarilygaveup
theirsubscriptionofsomeoftherestrictedstocksgrantedtothemforpersonalreasonsintheprocessofcapitalpaymentbeforeshareregistrationaftertheBoardofDirectorsoftheCompanyconfirmedNovember2,2021asthegrantdateundertheRestrictedStockIncentivePlanin2021,theBoardofDirectorsoftheCompanyadjustedtheobjectsandthenumberofsharesgrantedundertheRestrictedStockIncentivePlanin2021accordingtotheauthorizationofthe2ndextraordinaryshareholders'meetingoftheCompanyin2021.Afteradjustment,thenumberofincentiveobjectsundertheRestrictedStockIncentivePlanin2021decreasedfrom1,246to1,224,andthenumberofrestrictedstocksgranteddecreasedfrom33.951millionto33.54432million.TheBoardofSupervisorsoftheCompanyreviewedthelistofincentiveobjects,andindependentdirectorsexpressedtheirindependentopinionsandlawyersissuedlegalopinions.
(7)OnDecember16,2021,uponreviewandconfirmationbytheShenzhenStockExchangeandShenzhenBranchofChinaSecuritiesDepositoryandClearingCo.,Ltd.,theCompanycompletedthegrantingandregistrationof187,054millionrestrictedstocks(newshares)and14,838,920restrictedstocks(repurchasedshares)involvedintherestrictedstockincentiveplanin2021.TheaboveshareswerelistedonDecember17,2021.
(8)OnMarch30,2022,the23rd(Extraordinary)Meetingofthe7thBoardofDirectorsdeliberatedandpassedtheProposalontheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021,andagreedtorepurchaseandcancel201,000restrictedstocksthathavebeengrantedbutnotyetunlockedof10incentiveobjects,includingWuSongandLuoQingshanintherestrictedstockincentiveplanin2021,whoresignedfromtheCompanyduetopersonalreasons.TheabovemattershadbeendeliberatedandpassedbytheAnnualGeneralMeetingofShareholdersin2021.
(9)OnJuly25,2022,the26thMeetingofthe7thBoardofDirectorsandthe22ndMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalonAdjustingtheRepurchasePriceofRestrictedStockIncentivePlanin2021.The2021annualequitydistributionplanwasimplemented,andtherepurchasepricewasadjustedfromRMB7.23persharetoRMB7.18pershareaccordingly.
(10)OnAugust18,2022,the27th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe22nd(Extraordinary)Meetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalontheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021,andagreedtorepurchaseandcancel1.291millionrestrictedstocksthathavebeengrantedbutnotyetunlockedof66incentiveobjects,includingWeiYinandLiXinweiintherestrictedstockincentiveplanin2021,whoresigned
fromtheCompanyduetopersonalreasons.TheabovemattershadbeendeliberatedandpassedbytheSecondExtraordinaryGeneralMeetingofShareholdersin2022.
(11)OnNovember23,2022,the28th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe23rd(Extraordinary)Meetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalonAdjustingCorporate-levelPerformanceEvaluationIndicatorsofRestrictedStockIncentivePlanin2021,andagreedtoadjustthecorporate-levelperformanceevaluationindicatorsofrestrictedstockincentiveplanin2021.Independentdirectorsexpressedindependentopinions,thelawfirmissuedlegalopinions,andaffiliateddirectorsrecusedthemselvesfromvoting.TheabovemattershadbeendeliberatedandpassedontheThirdExtraordinaryGeneralMeetingofShareholdersin2022.
(12)OnDecember27,2022,giventhat76incentiveobjects,includingWuSong,LuoQingshan,WeiYinandLiXinweiintherestrictedstockincentiveplanin2021,resignedfromtheCompanyduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,theirrestrictedstocksthathavebeengrantedbutnotunlockedcouldnotbeunlockedandwouldbecanceledafterbeingrepurchasedbytheCompany.TheaboverepurchaseandcancellationmatterswerecompletedonDecember27,2022.Aftertherepurchaseandcancellation,thenumberofincentiveobjectsintherestrictedstockincentiveplanin2021reducedfrom1,224to1,148,andthegeneralcapitalreducedfrom1,271,027,372sharesto1,269,535,372shares.
Fordetailsoftheimplementationoftherestrictedstockincentiveplanin2021,pleaserefertotheCompany'sannouncementsonSecuritiesTimesandCNINFO(http://www.cninfo.com.cn)onSeptember22,2021,October14,2021,November2,2021,November3,2021,December9,2021,December16,2021,December20,2021,March31,2022,July26,2022,August19,2022,September24,2022,andDecember28,2022.EquityincentiveawardedtodirectorsandseniorexecutivesoftheCompany?Applicable□Notapplicable
Unit:Share
Name | Position | Numberofstockoptionsheldatthebeginningoftheyear | Numberofnewstockoptionsgrantedduringthereportingperiod | Numberofsharesexercisableduringthereportingperiod | Numberofsharesexercisedduringthereportingperiod | Numberofexercisedsharesandexercisepriceduringthereportingperiod(RMB/share) | Numberofstockoptionsheldattheendoftheperiod | Marketpriceattheendofthereportingperiod(RMB/share) | Numberofrestrictedstocksheldatthebeginningoftheperiod | Numberofsharesunlockedinthecurrentperiod | Numberofnewrestrictedstocksgrantedduringthereportingperiod | Grantpriceofrestrictedstocks(RMB/share) | Numberofrestrictedstocksheldattheendoftheperiod |
ZhengSibin | Director,deputygeneral | 320,000 | 0 | 320,000 | 320,000 | 3.55 | 0 | 10.37 | 533,000 | 0 | 0 | 7.23 | 533,000 |
managerandBGgeneralmanager | |||||||||||||
MaWei | Director,deputygeneralmanagerandBGgeneralmanager | 400,000 | 0 | 400,000 | 400,000 | 3.55 | 0 | 10.37 | 616,000 | 0 | 0 | 7.23 | 616,00 |
PengGanquan | DirectorandBGGeneralManager | 480,000 | 0 | 480,000 | 480,000 | 3.55 | 0 | 10.37 | 400,000 | 0 | 0 | 7.23 | 400,000 |
WenZhaohui | DeputyGeneralManagerandSecretaryoftheBoardofDirectors | 240,000 | 0 | 240,000 | 240,000 | 3.55 | 0 | 10.37 | 183,000 | 0 | 0 | 7.23 | 183,000 |
XiangWei | Chieffinancialofficer | 160,000 | 0 | 160,000 | 160,000 | 3.55 | 0 | 10.37 | 183,000 | 0 | 0 | 7.23 | 183,000 |
Total | -- | 1,600,000 | 0 | 1,600,000 | 1,600,000 | -- | 0 | -- | 1,915,000 | 0 | 0 | -- | 1,915,000 |
Remarks(ifany) | Duringthereportingperiod,theexerciseconditionscorrespondingtothethirdexerciseperiodofthe2018stockoptionincentiveplanweremet,andalloptionsofthecorrespondingproportionoftheabovedirectorsandexecutiveswereexercised;Atthesametime,therestrictedstockincentiveplanin2021didnotreachtheunlockperiod,andallstockswererestrictedstocks. |
Evaluationandincentivesofseniorexecutives
TheperformanceappraisalofcoreexecutivesoftheCompanyisbasedontheoperationalefficiencyandstrategicgoalsoftheCompanyandthecompletionofannualproduction,operationandmanagementcapacitybuildingandworkgoalsofexecutivesundertheprinciplesofcombiningdistributionaccordingtoworkwithresponsibilities,rightsandinterests,linkingincomelevelwithcompanyperformanceandworkgoals,emphasizingbothincentivesandconstraints,andcombiningresultevaluationwithprocessmanagement,andthesalarydistributionofseniorexecutivesisdeterminedaccordingtotheappraisalresults,soastopromotethelong-termdevelopmentoftheCompanytheachievementofstrategicgoals.
TheCompanyadoptsanannualsalarysystemforseniorexecutives,whichconsistsofbasicannualsalary,performance-basedannualsalaryandlong-termequityincentive.Thebasicannualsalaryismainlydeterminedaccordingtotheaveragesalaryleveloftheexecutivesinthepreviousyearaftertakingintoaccountfactorssuchasindustrycharacteristicsandmarketsalarytrends;Theperformance-basedannualsalaryisbasedonyear-endmanagementlevel,operationalefficiency,andoperationalquality,issubmittedtotheBoardofDirectorsforreviewanddistributionafterassessment;Thelong-termequityincentiveisformulatedaccordingtothemanagementmeasuresfortheperiodicequityincentiveassessment.
2.Implementationofemployeestockownershipplan
□Applicable?Notapplicable
3.Otheremployeeincentives
□Applicable?NotapplicableXII.Constructionandimplementationofinternalcontrolsystemduringthereportingperiod
1.InternalcontrolconstructionandimplementationDuringthereportingperiod,theCompanycontinuouslyupdatedandimproveditsinternalcontrolsystem,andrevisedandformulatedtheInvestorRelationManagementSystemandotherregulationsbasedondailyandspecialsupervisionofinternalcontrolaccordingtonormativedocumentssuchastheBasicNormsofEnterpriseInternalControl,GuidelinesforIndependentDirectorstoPromoteInternalControlofListedCompanies,andApplicationGuidanceforInternalControlofEnterprises,theinternalcontrolsystemandevaluationmethods,anditsactualsituation;Atthesametime,accordingtomanagementneeds,theCompanysetupaninternalauditinstitutiontocooperatewiththeauditcommitteetosuperviseandinspecttheimplementationofrelevantsystems,effectivelyensuringtheimplementationoftheCompany'srulesandregulations,reducingoperationrisks,andstrengtheninginternalcontrol;TheCompanycontinuedtooptimizeitsorganizationalstructure,clarifytheresponsibilitiesofdepartmentsandcorrespondingposts,andeffectivelycontroltheimplementationofinternalcontrolrelatedtodecision-making,execution,supervision,feedbackandotherwholeprocessmanagementactivities,toeffectivelyavoidinternalcontrolloopholes.
TheCompanyestablishedarigorous,scientific,effectiveinternalcontrolsystemsuitableforitsactualsituation,andformulatedeffectiveinternalcontrolevaluationstandards;TheCompanyeffectivelypreventedrisksinbusinessmanagementandpromotedtheachievementofinternalcontrolobjectivesthroughtheoperation,analysis,andevaluationofitsinternalcontrolsystem.
2.Specificinformationaboutthemajordefectsforinternalcontroldiscoveredinthereportingperiod
□Yes?No
XIII.TheCompany'smanagementandcontrolofsubsidiariesduringthereportingperiod
□Applicable?NotapplicableTheCompanyhascompletedtheintegrationofitsacquisitionofsubsidiaryTaixingNinghuiLithiumBatteryCo.,Ltd.in2021bytheendof2021.TheCompanydidnotacquireanynewsubsidiariesduringthereportingperiod.XIV.Internalcontrolself-evaluationreportorinternalcontrolauditreport
1.Selfevaluationreportforinternalcontrol
Disclosuredateofthefulltextoftheinternalcontrolevaluationreport | March31,2023 | ||
Indexfordisclosureofthefulltextoftheinternalcontrolevaluationreport | CNINFO(http://www.cninfo.com.cn) | ||
RatiooftotalassetsforentitiesincludedinevaluationscopeaccountingforthetotalassetsofconsolidatedfinancialstatementsoftheCompany | 100.00% | ||
RatioofoperatingincomeforentitiesincludedinevaluationscopeaccountingfortheoperatingincomeofconsolidatedfinancialstatementsoftheCompany | 100.00% | ||
Defectidentificationcriteria | |||
Category | Financialreport | Non-financialreport | |
Qualitativestandard | Indicationsofmajordefectoffinancialreportsinclude:(1)Fraudofdirectors,supervisorsorseniorexecutivesoftheCompany;(2)TheCompanycorrectsitspublishedfinancialreports;(3)AcertifiedpublicaccountantdiscoverssignificantmisstatementsinthecurrentfinancialreportthathavenotbeenidentifiedbytheCompany'sinternalcontrol;(4)TheauditcommitteeandauditdepartmenthaveineffectivesupervisionovertheCompany'sexternalfinancialreportsandinternalcontrolovertheCompany'sfinancialreports.Indicationsofsignificantdefectoffinancialreportsinclude:(1)Failtoselectandapplyaccountingpoliciesinaccordancewithgenerallyacceptedaccountingstandards;(2)Failtoprepareanti-fraudproceduresandcontrolmeasures;(3)Thereisnocorrespondingcontrolmechanismorcompensatorycontrolfortheaccountingtreatmentofunusualorspecialtransactions;(4)Thereareoneormoredefectsinthecontrolofthefinancialreportingprocessattheendoftheperiod,anditcannotreasonablyguaranteethatthepreparedfinancialstatementsaretrueandaccurate. | Thequalitativecriteriaforevaluatinginternalcontroldefectsinnon-financialreportsdeterminedbytheCompanyareasfollows:Thenon-financialreportdefectidentificationismainlybasedontheinfluencedegreeofthedefectonthevalidityofthebusinessprocessandthepossibilityofoccurrence.Iftheprobabilityofadefectisrelativelylowanditwillreduceworkefficiencyoreffect,orincreasetheuncertaintyoftheeffect,ormakeitdeviatefromtheexpectedgoal,itisrecognizedasageneraldefect;Iftheprobabilityofadefectisrelativelyhighanditwillsignificantlyreduceworkefficiencyoreffect,orsignificantlyincreasetheuncertaintyoftheeffect,ormakeitsignificantlydeviatefromtheexpectedgoal,itisrecognizedasasignificantdefect;Iftheprobabilityofadefectishighanditwillseriouslyreduceworkefficiencyoreffect,orseriouslyincreasetheuncertaintyoftheeffect,ormakeitseriouslydeviatefromtheexpectedgoal,itisrecognizedasamajordefect. |
Generaldefectsrefertoothercontroldefectsexcepttheabove-mentionedmajordefectsandimportantdefects. | ||
Quantitativestandard | Inquantitativestandards,theconsolidatedoperatingincomeandtotalassetsaremeasurementindicators.Internalcontroldefectswithlossesorpossiblelossesincurredrelatedtotheincomestatementaremeasuredbytheconsolidatedoperatingincome.Ifadefectaloneorinconjunctionwithotherdefectsmayresultinafinancialreportmisstatementamountlessthan0.5%oftheconsolidatedoperatingincome,itisrecognizedasageneraldefect;Ifitexceeds0.5%oftheconsolidatedoperatingincomebutislessthan1%,itisrecognizedasasignificantdefect;Ifitexceeds1%oftheconsolidatedoperatingincome,itisrecognizedasamajordefect.Internalcontroldefectsthatmayleadtoorresultinlossesrelatedtoassetmanagementaremeasuredbythetotalconsolidatedassetindicator.Ifadefectaloneorinconjunctionwithotherdefectsmayresultinafinancialreportmisstatementamountlessthan0.5%ofthetotalconsolidatedasset,itisrecognizedasageneraldefect;Ifitexceeds0.5%ofthetotalconsolidatedassetbutislessthan1%,itisrecognizedasasignificantdefect;Ifitexceeds1%ofthetotalconsolidatedasset,itisrecognizedasamajordefect. | Inquantitativestandards,theoperatingincomeandtotalassetsaremeasurementindicators.Internalcontroldefectswithlossesorpossiblelossesincurredrelatedtotheincomestatementaremeasuredbytheconsolidatedoperatingincome.Ifadefectaloneorinconjunctionwithotherdefectsmayresultinafinancialreportmisstatementamountlessthan0.5%oftheconsolidatedoperatingincome,itisrecognizedasageneraldefect;Ifitexceeds0.5%oftheconsolidatedoperatingincomebutislessthan1%,itisrecognizedasasignificantdefect;Ifitexceeds1%oftheconsolidatedoperatingincome,itisrecognizedasamajordefect.Internalcontroldefectsthatmayleadtoorresultinlossesrelatedtoassetmanagementaremeasuredbythetotalconsolidatedassetindicator.Ifadefectaloneorinconjunctionwithotherdefectsmayresultinafinancialreportmisstatementamountlessthan0.5%ofthetotalconsolidatedasset,itisrecognizedasageneraldefect;Ifitexceeds0.5%ofthetotalconsolidatedassetbutislessthan1%,itisrecognizedasasignificantdefect;Ifitexceeds1%ofthetotalconsolidatedasset,itisrecognizedasamajordefect. |
Numberofmajordefectsinfinancialreport(pcs) | 0 | |
Numberofmajordefectsinnon-financialreport(pcs) | 0 | |
Numberofsignificantdefectsinfinancialreport(pcs) | 0 | |
Numberofsignificantdefectsinnon-financialreport(pcs) | 0 |
2.Internalcontrolauditreport?Applicable□Notapplicable
Thedeliberationopinionparagraphintheinternalcontrolauditreport | |
Inouropinions,asofDecember31,2022,ShenzhenTopbandCo.,Ltd.hasmaintained,inallmaterialaspects,aneffectiveinternalcontrolpertainingtofinancialreport,inaccordancewithImplementationGuidelinesforEnterpriseInternalControlandotherapplicablerulesandregulations. | |
Disclosureofinternalcontrolauditreport | Disclosure |
Disclosuredateofthefulltextoftheinternalcontrolauditreport | March31,2023 |
Indexoffull-textdisclosureofinternalauditreport | CNINFO(http://www.cninfo.com.cn) |
Opiniontypeofinternalcontrolauditreport | Standardandunqualifiedopinion |
Whetherthereweremajordefectsinthenon-financialreport | No |
Didtheaccountingfirmissueaninternalcontrolauditreportwithanon-standardopinion
□Yes?NoIstheinternalcontrolauditreportissuedbytheaccountingfirmconsistentwiththeself-evaluationreportoftheBoardofDirectors?Yes□NoXV.Rectificationofself-examinationproblemsinspecialactionsofgovernanceoflistedcompaniesNotapplicable
SectionVEnvironmentalandSocialResponsibility
I.Majorenvironmentalissues
WhetherthelistedcompaniesandtheirsubsidiarieswerekeypollutantdischargingorganizationsannouncedbytheEnvironmentalProtectionDepartment
□Yes?NoAdministrativepunishmentforenvironmentalproblemsduringthereportingperiodNotapplicableRefertootherenvironmentalinformationdisclosedbykeypollutantdischargecompaniesNotapplicableMeasuresandeffectstakentoreducecarbonemissionsduringthereportingperiod
□Applicable?NotapplicableReasonsfornotdisclosingotherenvironmentalinformationNotapplicable
II.SocialresponsibilityThefulltextofthe2022ESG&SocialResponsibilityReportwaspublishedonCNINFO(http://www.cninfo.com.cn)onMarch31,2023.III.ConsolidatedandenhancedtheachievementsinpovertyalleviationandruralrevitalizationTheCompanyhasnotyetcarriedouttargetedpovertyalleviationworkinthereportingyear,andtherearenosubsequenttargetedpovertyalleviationplans.
SectionVIImportantMattersI.Performanceofcommitments
1.CompletedcommitmentsinthereportingperiodanduncompletedcommitmentsbytheendofthereportingperiodbytheCompany'sactualcontroller,shareholders,relatedparties,acquirers,theCompanyandothercommittedrelatedparties?Applicable□Notapplicable
Reasonsforcommitments | CommitmentParty | Commitmenttype | Commitmentcontent | Commitmenttime | Commitmentperiod | Performance |
Commitmentsmadeduringtheinitialpublicofferingorrefinancing | WuYongqiang | Commitmentstohorizontalcompetition | Mr.WuYongqiang,theactualcontrolleroftheCompany,haspromisedthatduringtheperiodofbeingthecontrollingshareholderand/oractualcontrolleroftheCompany,hewouldnotdirectlyorindirectlyengageinanybusinesswhichwasthesame,similarorsubstantiallycompetitivewiththemainbusinessoftheCompanyatpresentandinthefuture. | 2006/06/12 | Long-termeffective | Fulfillthecommitmentstrictly |
Commitmentsmadeduringtheinitialpublicofferingorrefinancing | JiShuhai | Commitmentstohorizontalcompetition | JiShuhai,adirectoroftheCompanyasashareholder,haspromisednottodirectlyorindirectlyengageinanybusinesswhichwasthesame,similarorsubstantiallycompetitivewiththemainbusinessoftheCompanyatpresentandinthefutureinanywayduringhistermofoffice. | 2006/06/12 | Long-termeffective | Fulfillthecommitmentstrictly |
Commitmentsmadeduringtheinitialpublicofferingorrefinancing | AlldirectorsandseniorexecutivesoftheCompany | Othercommitments | 1.IwouldnotdeliverbenefitstootherorganizationsorindividualsfreeofchargeorunderunfairconditionsandnotdamagetheinterestsoftheCompanyinothermeans.2.IfullysupportedandcooperatedwiththeCompanyinregulatingthedutyconsumptionbehaviorofdirectorsandseniorexecutives.AnydutyconsumptionbehaviorswouldoccurwithinthescopenecessaryforfulfillingmydutytotheCompany.IstrictlyacceptedthesupervisionandmanagementoftheCompanytoavoidextravaganceorexcessiveconsumption.3.Iwouldstrictlyabidebytherelevantlawsandregulations,theregulationsandrulesoftheCSRC,thestockexchangeandotherregulatoryinstitutionsaswellastherequirementsoftheCompany'srulesandregulationsonthecodeofconductofdirectorsandseniorexecutives.Besides,IwouldnotusetheCompany'sassetstoengageininvestmentandconsumptionactivitiesunrelatedtotheperformanceof | 2020/04/29 | On-going | Fulfillthecommitmentstrictly |
myduties.4.IwouldtrymybesttomaketheCompanyimplementthecompensationdemandreturnmeasures.5.IwouldworkhardtolinkthecompensationsystemformulatedbytheBoardofDirectorsortheCompensationCommitteewiththeimplementationoftheCompany'scompensationreturnmeasures.Atthesametime,IwouldvoteinfavorofthecompensationsystemproposalwhentheBoardofDirectorsandtheGeneralMeetingofShareholdersoftheCompanydeliberated(ifIhavevote/votingright).6.IftheCompanywouldimplementtheemployeeequityincentiveinthefuture,IwouldfullysupporttheCompanytolinkthearrangementofexerciseconditionsoftheemployeeincentivewiththeimplementationoftheCompany'scompensationreturnmeasures.Atthesametime,IwouldvoteinfavoroftheemployeeequityincentiveproposalwhentheBoardofDirectorsandtheGeneralMeetingofShareholdersoftheCompanydeliberated(ifIhavevote/votingright).7.IfIviolatetheabovecommitments,IwouldmakeanexplanationandapologizepubliclyattheGeneralMeetingofShareholdersandthedesignatednewspapersandmagazinesdesignatedbytheCSRC.Ivoluntarilyaccepttheself-disciplinesupervisionmeasurestakenbythestockexchangeandChinaAssociationforPublicCompanies.IfmybreachofthecommitmentcauseslossestotheCompanyortheshareholders,Ishallbeliableforcompensationinaccordancewiththelaw. | ||||||
Commitmentsmadeduringtheinitialpublicofferingorrefinancing | WuYongqiang | Othercommitments | 1.Iwouldnotabusethepositionofthecontrollingshareholder/actualcontrollertointerferewiththeoperationandmanagementactivitiesoftheCompanybeyondmypowerandwouldnotinfringetheCompany'sinterestsunderanycircumstances.2.IwouldtrymybesttomaketheCompanyimplementthecompensationdemandreturnmeasures.3.IwouldworkhardtolinkthecompensationsystemformulatedbytheBoardofDirectorsortheCompensationCommitteewiththeimplementationoftheCompany'scompensationreturnmeasures.4.Iwouldworkhardtolinktheexerciseconditions(ifany)ofthecorporateequityincentivetobepublishedinthefuturewiththeimplementationoftheCompany'scompensationreturnmeasures. | 2020/04/29 | On-going | Fulfillthecommitmentstrictly |
5.IwouldsupporttherelevantproposalsrelatedtotheimplementationoftheCompany'scompensationreturnmeasuresandwouldvoteforthem(ifIhavevotingright).6.Aftertheissuanceofthiscommitment,ifthereareotherrequirementsintherelevantprovisionsoftheregulatoryinstitutiononthecompensationreturnmeasuresanditscommitmentandtheabovecommitmentscouldnotmeettherelevantrequirementsoftheregulatoryinstitution,IpromisethatIwouldissueasupplementarycommitmentinaccordancewiththerelevantprovisionsatthattime.7.IfIviolatetheabovecommitments,IwouldmakeanexplanationandapologizepubliclyattheGeneralMeetingofShareholdersandthedesignatednewspapersandmagazinesdesignatedbytheCSRC.Ivoluntarilyaccepttheself-disciplinesupervisionmeasurestakenbythestockexchangeandChinaAssociationforPublicCompanies.IfmybreachofthecommitmentcauseslossestotheCompanyortheshareholders,Ishallbeliableforcompensationinaccordancewiththelaw. | ||||||
Commitmentsmadeduringtheinitialpublicofferingorrefinancing | WuYongqiang | Othercommitments | IfHuizhouTopband,awholly-ownedsubsidiaryofShenzhenTopbandCo.,Ltd.,failedtobidforthelandusagerightoftheplotDN-02-16atthesoutheastoftheintersectionofDongxinAvenueandXing'anRoadofDongjiangHigh-techIndustrialParkinHZZKHi-techIndustrialDevelopmentZonetobeusedby"TopbandHuizhouNo.2IndustrialParkProject"andHuizhouTopbandwasrequiredtopurchaseorleaseotherlandswhiletheCompanywouldsufferfromheavylosses,Iwouldcompensateforsuchlosses(suchasoverpaymentofland-transferringfees,rents). | 2020/07/30 | Completionofperformance | |
Equityincentivecommitment | PengGanquan,ZhengSibin,MaWei,WenZhaohuiandXiangWei | Othercommitments | IpromisethatIwouldnottransferalltheCompany'sshares(includingthesharesobtainedfromexerciseandothershares)withinsixmonthsaftertheexerciseofthestockoptionincentiveplanin2018. | Sixmonthsafterexercise | Completionofperformance | |
Whetherthecommitmentwasfulfilledonschedule | Yes | |||||
Ifthecommitmentwasnotfulfilledwithin | Notapplicable |
2.Thereisprofitforecastforcorporateassetsorprojects,andtheforecaststilllastsinthereportingperiod,sotheCompanymadeanexplanationonwhethertheoriginalprofitforecastforassetsorprojecthasbeenreachedandthereasons
□Applicable?Notapplicable
II.Non-operatingcapitaloccupationoflistedcompaniesbycontrollingshareholdersandtheirrelatedparties
□Applicable?NotapplicableTherewasnonon-operatingcapitaloccupationoflistedcompaniesbycontrollingshareholdersandtheirrelatedpartiesinthereportingperiodoftheCompany.III.Externalguaranteeinviolationofregulations
□Applicable?NotapplicableTheCompanyhadnoexternalguaranteeinviolationofregulationsduringthereportingperiod.IV.ExplanationoftheBoardofDirectorsonthelatest"non-standardauditreport"
□Applicable?NotapplicableV.Explanationofthe"non-standardauditreport"oftheAccountingFirminthereportingperiodbytheBoardofDirectors,theBoardofSupervisorsandtheindependentdirectors(ifany)
□Applicable?NotapplicableVI.Explanationofchangesinaccountingpoliciesandestimatesorcorrectionstomaterialaccountingerrorscomparedwiththefinancialreportforthepreviousyear
□Applicable?Notapplicable
Therewerenochangesinaccountingpoliciesandestimatesorcorrectionstomaterialaccountingerrorsduringthereportingperiod.
VII.Explanationofanychangesofthescopeoftheconsolidatedstatementcomparedwiththatinthefinancialreportofthelastyear?Applicable□Notapplicable
Thereareatotalof39subsidiarycompaniesincludedinthescopeoftheconsolidatedstatementthistime,asshowninIX.InterestsinotherentitiesofSectionX;duringthereportingperiod,4companieswerenewlyincludedinthescopeofconsolidation,ofwhich4werenewly-establishedsubsidiariesorsub-subsidiaries,asshowninVIII.ChangeofconsolidationscopeofSectionX.
VIII.Appointmentanddismissalofaccountingfirms
Accountingfirmscurrentlyemployed
Nameofdomesticaccountingfirms | BAKERTILLYInternationalAccountingFirm(SpecialGeneralPartnership) |
Remunerationofthedomesticaccountingfirm(RMBtenthousand) | 100 |
Consecutiveyearsfordomesticaccountingfirmstoprovideauditservice | 4 |
Nameofthecertifiedpublicaccountantofthedomesticaccountingfirm | ChenZhigang,ZhaoYang |
ConsecutiveyearsforCertifiedPublicAccountantsofdomesticaccountingfirmstoprovideauditservice | 4 |
Whethertochangethecurrentemploymentoftheaccountingfirm
□Yes?NoEmploymentofaccountingfirmforauditofinternalcontrols,financialconsultant,orsponsor
□Applicable?Notapplicable
IX.Delistingafterdisclosureoftheannualreport
□Applicable?NotapplicableX.Mattersrelatedtobankruptcyreorganization
□Applicable?NotapplicableTherewerenomatterrelatedtobankruptcyreorganizationduringthereportingperiod.
XI.Majorlitigationandarbitrationmatters
□Applicable?NotapplicableTheCompanyhadnomajorlitigationandarbitrationmattersduringthereportingperiod.XII.Punishmentandrectification
□Applicable?NotapplicableTheCompanyhadnopunishmentorrectificationduringthereportingperiod.XIII.IntegrityconditionoftheCompany,itscontrollingshareholdersandactualcontrollers
□Applicable?NotapplicableXIV.Majorrelatedtransactions
1.Relatedtransactionsconnectedwiththedailyoperation
□Applicable?NotapplicableTheCompanyhadnorelatedtransactionsconnectedwithdailyoperationsduringthereportingperiod.
2.Relatedtransactionsarisingfromacquisitionandsaleofassetsorequity
□Applicable?NotapplicableTheCompanyhadnorelatedtransactionofacquisitionorsaleofassetsorequityduringthereportingperiod.
3.Relatedtransactionsofjointforeigninvestment
□Applicable?NotapplicableTheCompanyhadnorelatedtransactionofjointforeigninvestmentduringthereportingperiod.
4.Relatedcreditor'srightanddebttransaction
□Applicable?NotapplicableTheCompanyhadnorelatedcreditor'srightanddebttransactionduringthereportingperiod.
5.Transactionswithassociatedfinancialcompanies
□Applicable?NotapplicableTherewasnodeposit,loan,creditextensionorotherfinancialbusinessbetweentheCompanyanditsrelatedfinancialcompaniesorbetweentherelatedparties.
6.TransactionsbetweenfinancialcompaniescontrolledbytheCompanyandrelatedparties
□Applicable?NotapplicableTherewasnodeposit,loan,creditorotherfinancialbusinessbetweenfinancialcompaniescontrolledbytheCompanyandrelatedparties.
7.Othermajorrelatedtransactions
□Applicable?NotapplicableTheCompanyhadnoothermajorrelatedtransactionsduringthereportingperiod.
XV.Majorcontractsandtheirperformance
1.Trusteeship,contractingandlease
(1)Trusteeship
□Applicable?NotapplicableTheCompanyhadnotrusteeshipduringthereportingperiod.
(2)Contracting
□Applicable?NotapplicableTheCompanyhadnocontractingduringthereportingperiod.
(3)Lease
□Applicable?NotapplicableTheCompanyhadnoleaseduringthereportingperiod.
2.Materialguarantee?Applicable□Notapplicable
Unit:RMBtenthousand
ExternalguaranteeoftheCompanyanditssubsidiaries(excludingguaranteeforsubsidiaries) | ||||||||||
Nameofguaranteeobject | Dateofdisclosureoftherelevantannouncementofguaranteeamountlimit | Guaranteeamountlimit | Actualdateofoccurrence | Actualguaranteeamount | Guaranteetype | Collateral(ifany) | Counterguarantee(ifany) | Guaranteeperiod | Whetheritwascompleted | Whethertheguaranteeobjectswererelatedparties |
GuaranteeoftheCompanytoitssubsidiaries | ||||||||||
Nameofguaranteeobject | Dateofdisclosureoftherelevantannouncementofguaranteeamountlimit | Guaranteeamountlimit | Actualdateofoccurrence | Actualguaranteeamount | Guaranteetype | Collateral(ifany) | Counterguarantee(ifany) | Guaranteeperiod | Whetheritwascompleted | Whethertheguaranteeobjectswererelatedparties |
NingboTopband | 2019/1/12 | 19,000 | Jointliabilityguaranty | Thetentativeguaranteeperiodshallnotexceed5yearsfromthedateofsigningtheformalguaranteeagreement | No | No | ||||
NingboTopband | 2020/10/20 | 22,000 | 2020/11/05 | 22,000 | Jointliabilityguaranty | Thetentativeguaranteeperiodshallnotexceed5yearsfromthedateofsigningtheformalguaranteeagreement | No | No | ||
Totalamountofapprovedguaranteeforsubsidiariesattheendofthereportingperiod(B3) | 41,000 | Totalactualbalanceofguaranteeforsubsidiariesattheendofthereportingperiod(B4) | 22,000 | |||||||
GuaranteeoftheCompanytoitssubsidiaries | ||||||||||
Nameofguarantee | Dateofdisclosureoftherelevant | Guaranteeamount | Actualdateof | Actualguarantee | Guaranteetype | Collateral(ifany) | Counterguarantee | Guaranteeperiod | Whetheritwas | Whethertheguarantee |
object | announcementofguaranteeamountlimit | limit | occurrence | amount | (ifany) | completed | objectswererelatedparties | |||
Totalamountofthecorporateguarantee(i.e.thesumofthefirstthreeitems) | ||||||||||
Totalamountofguaranteeapprovedattheendofthereportingperiod(A3+B3+C3) | 41,000 | Totalactualbalanceofguaranteeattheendofthereportingperiod(A4+B4+C4) | 22,000 | |||||||
Theproportionofthetotalactualamountofguarantee(A4+B4+C4)intheCompany'snetassets | 3.84% |
ExplanationofdetailsofcomplexguaranteeNone
3.Entrustingothersforcashassetmanagement
(1)Entrustedfinancialmanagement?Applicable□NotapplicableOverviewofentrustedfinancialmanagementduringthereportingperiod
Unit:RMBtenthousand
Specifictypes | Capitalsourceofentrustedfinancing | Amountofentrustedfinancialmanagement | Unexpiredbalance | Overdueamountnotrecovered | Accruedimpairmentamountofoverdueandunrecoveredwealthmanagement |
Bankfinancialproducts | Self-owncapitals | 5,478.62 | 178.62 | 0 | 0 |
Total | 5,478.62 | 178.62 | 0 | 0 |
Specificsituationofhigh-riskentrustedfinancialmanagementwiththesignificantsingleamountorlowsecurityandpoorliquidity
□Applicable?NotapplicableEntrustedfinancialmanagementwasexpectedtobeunabletorecovertheprincipalortherewereothersituationsthatmayleadtoimpairment
□Applicable?Notapplicable
(2)Entrustedloans
□Applicable?NotapplicableTherewasnoentrustedloanduringthereportingperiod.
4.Othersmajorcontracts?Applicable□Notapplicable
Nameofcontractingcompany | Nameoftheotherpartyofthecontract | Contractobject | Contractsigningdate | BookvalueofassetsinvolvedintheContract(RMBtenthousand)(ifany) | AppraisalvalueofassetsinvolvedintheContract(RMBtenthousand)(ifany) | Nameofappraisalinstitution(ifany) | Basedateofappraisal(ifany) | Pricingprinciple | Transactionprice(RMBtenthousand) | Whetheritisconnectedtransaction | Relationship | Implementationbytheendofthereportingperiod | Dateofdisclosure | Disclosureindex |
Topband | ChinaTower | Lithiumironphosphatebatteryforpowerreservation | 2021/12/28 | Bidding | 24,140.00 | No | Notapplicable | Enforced | 2021/12/09 | CNINFO(http://www.cninfo.com.cn) | ||||
Topband | ChinaTower | Lithiumironphosphatebatteryforpowerreservation | 2022/08/26 | Bidding | 52,421.09 | No | Notapplicable | Underexecution | 2022/07/28 | CNINFO(http://www.cninfo.com.cn) |
XVI.Explanationofothermajormatters
□Applicable?NotapplicableTherearenoothersignificantmattersthatneedtobeexplainedduringthereportingperiodoftheCompany.XVII.MajormattersofsubsidiariesoftheCompany?Applicable□Notapplicable
1.InMarch2022,theCompanyinvestedtoestablishawholly-ownedsubsidiary,ShenzhenTopbandMotorCo.,Ltd.,witharegisteredcapitalofRMB10million,andincludeditinthescopeofconsolidatedstatementssinceitsestablishment;
2.InMarch2022,ShenzhenTopbandInvestmentCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,investedtoestablishawholly-ownedsub-subsidiary,ShenzhenYueshangRobotCo.,Ltd.,witharegisteredcapitalofRMB10million;ShenzhenTopbandInvestmentCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,
investedtoestablishawholly-ownedsubsidiary,ShenzhenXiaoyouAituInnovationTechnologyCo.,Ltd.,witharegisteredcapitalofRMB10million;
3.InSeptember2022,theCompanyinvestedtoestablishawholly-ownedsubsidiary,HuizhouChidingTechnologyCo.,Ltd.,witharegisteredcapitalofRMB5million,andincludeditinthescopeofconsolidatedstatementssinceitsestablishment.
4.InDecember2022,ShenzhenTopbandInvestmentCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,investedinShenzhenJizhiLaserTechnologyCo.,Ltd.withaninvestmentamountofRMB2.3529millionandashareholdingratioof10%;
SectionVIIShareChangeandShareholdersI.Sharechange
1.Sharechange
Unit:Share
Beforethischange | Increaseordecreaseofchangethistime(+,-) | Afterthischange | |||||||
Quantity | Proportion | Issuanceofnewshares | Stockdividend | Conversionofaccumulationfundintoshares | Other | Subtotal | Quantity | Proportion | |
I.Shareswithnon-tradableconditions | 228,613,617 | 18.19% | 1,200,000 | -640,750 | 559,250 | 229,172,867 | 18.05% | ||
1.Sharesheldbythestate | 0 | 0.00% | 0.00% | ||||||
2.Sharesheldbystate-ownedlegalpersons | 0 | 0.00% | 0.00% | ||||||
3.Sharesheldbyotherdomesticcapital | 228,502,617 | 18.18% | 1,200,000 | -640,750 | 559,250 | 229,061,867 | 18.04% | ||
Including:sharesheldbydomesticlegalpersons | 0.00% | 0.00% |
Sharesheldbydomesticnaturalperson | 228,502,617 | 18.18% | 1,200,000 | -640,750 | 559,250 | 229,061,867 | 18.04% | |
4.Sharesheldbyforeigninvestment | 111,000 | 0.01% | 111,000 | 0.01% | ||||
Including:sharesheldbyoverseaslegalpersons | 0 | 0.00% | 0.00% | |||||
Sharesheldbyoverseasnaturalpersons | 111,000 | 0.01% | 111,000 | 0.01% | ||||
II.Shareswithunlimitedtradableconditions | 1,028,364,455 | 81.81% | 12,849,300 | -851,250 | 11,998,050 | 1,040,362,505 | 81.95% | |
1.Ashares | 1,028,364,455 | 81.81% | 12,849,300 | -851,250 | 11,998,050 | 1,040,362,505 | 81.95% | |
2.Domesticlistedforeignshares | 0.00% | 0.00% | ||||||
3.Overseaslistedforeignshares | 0.00% | 0.00% | ||||||
4.Others | 0.00% | 0.00% | ||||||
III.Totalnumberofshares | 1,256,978,072 | 100.00% | 14,049,300 | -1,492,000 | 12,557,300 | 1,269,535,372 | 100.00% |
Reasonsforsharechange?Applicable□NotapplicableThechangeintheCompany'ssharecapitalduringthereportingperiodwasduetothejointeffectofthefollowing:thethirdexercisingperiodofthestockoptionincentiveplanin2018mettherelevantconditions,theincentiveobjectsincreased14,049,300sharesindependentexercise,and1,492,000restrictedstockswererepurchasedandcanceled.Approvalofsharechange?Applicable□Notapplicable
1.DuringthethirdexercisingperiodoftheCompany'sstockoptionincentiveplanin2018,thefollowingdecision-makingprocedureshavebeenexecuted:
OnMarch18,2022,the21stMeetingofthe7thBoardofDirectorsandthe17thMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalontheThirdExercisePeriodof2018StockOptionIncentivePlan
MeetingtheExerciseConditionsandExercisableRightsandtheProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan.OnApril26,2022,the25thMeetingofthe7thBoardofDirectorsandthe21stMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalonAdjustingtheExercisePriceoftheStockOptionIncentivePlanin2018.TheBoardofSupervisorsoftheCompanyexpressedverificationopinionsontheadjustmentoftheexercisepriceofthe2018stockoptionincentiveplanandthelistandnumberofincentiveobjectsinvolvedinthethirdexerciseperiodofgrantingstockoptions,andtheindependentdirectorsexpressedtheirindependentopinions,agreeingthat543incentiveobjectswouldexercisetheirrightsindependentlyinthethirdexerciseperiod,withthetotalexercisablestockoptionsof14,049,300.AsofMay20,2022,14,049,300stockoptionsinvolving543incentiveobjectsthatmeettheexercisingconditionshasbeenexercised,increasingthenumberofsharecapitals.
2.TheCompanyperformedthefollowingdecision-makingproceduresintherepurchaseandcancellationofrestrictedstocks:
OnMarch30,2022,the23rd(Extraordinary)Meetingofthe7thBoardofDirectorsdeliberatedandpassedtheProposalontheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021,andagreedtorepurchaseandcancel201,000restrictedstocksthathavebeengrantedbutnotyetunlockedof10incentiveobjects,includingWuSongandLuoQingshanintherestrictedstockincentiveplanin2021,whoresignedfromtheCompanyduetopersonalreasons.TheabovemattershadbeendeliberatedandpassedbytheAnnualGeneralMeetingofShareholdersin2021.
OnAugust18,2022,the27th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe22nd(Extraordinary)Meetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalontheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021,andagreedtorepurchaseandcancel1.291millionrestrictedstocksthathavebeengrantedbutnotyetunlockedof66incentiveobjects,includingWeiYinandLiXinweiintherestrictedstockincentiveplanin2021,whoresignedfromtheCompanyduetopersonalreasons.TheabovemattershadbeendeliberatedandpassedbytheSecondExtraordinaryGeneralMeetingofShareholdersin2022.
AsofDecember27,2022,atotalof1,492,000restrictedstocksabovehadbeenrepurchasedandcanceledinShenzhenBranchofChinaSecuritiesDepositoryandClearingCo.,Ltd.,andthenumberofsharecapitaldecreased.Transferofsharechange
?Applicable□Notapplicable
Inthethirdexerciseperiodofthe2018stockoptionincentiveplan,14,049,300stockoptionswereapprovedtobeexercised.AsofMay17,2022,duetotheexerciseofstockoptions,14,049,300shareswereincreased,allofwhichhadbeenregisteredunderthenamesofeachincentiveobject.Theimpactofsharechangesonfinancialindicatorssuchasbasicearningspershareanddilutedearningspershareinthelatestyearandthelatestperiod,netassetspershareattributabletoordinaryshareholdersoftheCompany,etc.?Applicable□NotapplicableFortheimpactofchangesinshareholdingonfinancialindicatorssuchasthebasicearningspershare,dilutedearningspershare,andnetassetspershareattributabletoordinaryshareholdersoftheCompanyinthelastyearandthemostrecentperiod,pleaserefertoSectionXFinancialReportXVIII:SupplementaryInformation2.ReturnonnetassetsandearningspershareinthisAnnouncement.OthercontentsdeemednecessarybytheCompanyorrequiredtobedisclosedbythesecuritiesregulatoryinstitution
□Applicable?Notapplicable
2.Changesinnon-tradableshares?Applicable□Notapplicable
Unit:Share
Nameofshareholder | Numberofnon-tradablesharesatthebeginningoftheperiod | Increasenumberofnon-tradablesharesinthecurrentperiod | Desterilizationnumberofnon-tradablesharesinthecurrentperiod | Numberofnon-tradablesharesattheendoftheperiod | Reasonsfornon-trading | Dateofliftingsalesrestriction |
WuYongqiang | 159,006,536 | 1,330,0001 | 160,336,536 | Executiveslock-inshares | Notapplicable | |
JiShuhai | 20,488,981 | 20,488,981 | Executiveslock-inshares | Notapplicable | ||
MaWei | 6,567,200 | 300,000 | 154,000 | 6,713,200 | Executiveslock-inshares | Notapplicable |
PengGanquan | 3,592,674 | 360,000 | 100,000 | 3,852,674 | Executiveslock-inshares | Notapplicable |
ZhengSibin | 4,645,977 | 240,000 | 133,250 | 4,752,727 | Executiveslock-inshares | Notapplicable |
WenZhaohui | 1,944,095 | 180,000 | 45,750 | 2,078,345 | Executiveslock-inshares | Notapplicable |
DaiHuijuan | 239,709 | 239,709 | Executiveslock-inshares | Notapplicable |
XiangWei | 499,125 | 120,000 | 45,750 | 573,375 | Executiveslock-inshares | Notapplicable |
Incentiveobjectsofrestrictedstockincentiveplan | 31,629,320 | 1,492,000 | 30,137,320 | Stock-option-incentiverestrictedstocks | Therestrictionsonsaleswillbeliftedataratioof30%,30%,and40%in2023,2024,and2025,respectively;Thenumberofsharesthathavebeenliftedfromrestrictionsonsalesinthisperiodisthenumberofsharesthatrepurchasedandcanceledbyretiredemployeesin2022. | |
Total | 228,613,617 | 2,530,000 | 1,970,750 | 229,172,867 | -- | -- |
Note1:Mr.WuYongqiang'snewlyaddedrestrictedstocksinthisperiodareduetothesecuritiescompany'ssystem'sfailuretotimelyhandletheliftingofrestrictionsonsalesduringtheprocessoftransferringsharestopledge.Theseshareswillautomaticallybeliftedfromrestrictionsonsales.
II.Issuanceandlistingofsecurities
1.Issuanceofsecurities(excludingpreferredshares)duringthereportingperiod?Applicable□Notapplicable
Namesofstocksandtheirderivativesecurities | Dateofissue | Issuanceprice(orrate) | Issuedquantity | Listingdate | Numberofsharesapprovedforlistingandtrading | Transactionclosingdate | Disclosureindex | Dateofdisclosure |
Stockcategory | ||||||||
Topband | 2022/05/13 | 3.55 | 11,636,202 | 2022/05/13 | 11,636,202 | CNINFO(http://www.cninfo.com.cn) | 2022/05/12 | |
Topband | 2022/05/16 | 3.55 | 2,403,098 | 2022/05/16 | 2,403,098 | CNINFO(http://www.cninfo.com.cn) | 2022/05/12 | |
Topband | 2022/05/17 | 3.55 | 10,000 | 2022/05/17 | 10,000 | CNINFO(http://www.cninfo.com.cn) | 2022/05/12 | |
Convertiblebonds,separate-bargainingconvertiblebondsandcorporationbonds | ||||||||
Otherderivativesecurities |
Explanationontheissuanceofsecurities(excludingpreferredshares)duringthereportingperiod
OnMarch18,2022,the21stMeetingofthe7thBoardofDirectorsoftheCompanydeliberatedandpassedtheProposalontheThirdExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRights.Thereare543incentiveobjectsinthethirdexerciseperiodofthe2018stockoptionincentiveplanintheCompany,intotalof14.0493millionstockoptions,whichmeettheexerciseconditionsand
canbeexercised.TheCompanyplanstoadopttheindependentexercisemode.Afterthestockoptionsareexercised,thesharecapitalwillincreaseto14.0493millionshares.
2.ChangesoftotalsharesoftheCompanyandshareholdersstructure,andchangeoftheCompany'sstructureofassetsandliabilities?Applicable□Notapplicable
1.Changesinthetotalnumberofsharesandshareholderstructure:
Duringthereportingperiod,thesharecapitalwasincreasedby14,049,300sharesinthethirdexerciseperiodofthe2018stockoptionincentiveplan,and1,492,000restrictedstockswererepurchasedandcanceled,whichresultedinanincreaseof12,557,300sharesinthetotalsharecapitaloftheCompany,from1,256,978,072sharesto1,269,535,372shares.
2.Changesinthecorporateassetsandliabilitystructure
Asoftheendoftheperiod,thetotalsharecapitaloftheCompanywas1,269,535,372shares,andthetotalcorporateassetsattheendof2022wereRMB10,364,556,848.34,withanassetliabilityratioof44.83%.
3.Existinginternalemployeeshares
□Applicable?NotapplicableIII.Shareholdersandactualcontrollers
1.NumberofshareholdersandshareholdingsituationoftheCompany
Unit:Share
Totalnumberofordinaryshareholdersattheendofthereportingperiod | 106,865 | Totalnumberofordinaryshareholdersattheendofthepreviousmonthbeforethedisclosuredateoftheannualreport | 93,200 | Totalnumberofpreferredshareholderswithvotingrightsrestoredattheendofthereportingperiod(ifany)(seeNote8) | 0 | Thetotalnumberofpreferredshareholderswhosevotingrightswererestoredattheendofthepreviousmonthbeforethedisclosuredateoftheannualreport(ifany)(seeNote8) | 0 | |
Shareholdingsituationofshareholdersholdingmorethan5%ortop10shareholders | ||||||||
Nameofshareholder | Natureofshareholders | Shareholdingratio | Numberofsharesheldattheendofthe | Changesinincreaseordecreaseinthereporting | Numberofshareswithunlimitedtradable | Numberofshareswithunlimitedtradable | Pledge,markingorfreezing | |
Sharestatus | Quantity |
reportingperiod | period | conditions | conditions | |||||
WuYongqiang | Domesticnaturalperson | 16.70% | 212,008,715 | 0 | 160,336,536 | 53,002,179 | Pledge | 47,800,000 |
HongKongSecuritiesClearingCompanyLtd. | Overseaslegalperson | 3.07% | 38,935,943 | -58,778,207 | 0 | 38,935,943 | ||
JiShuhai | Domesticnaturalperson | 2.15% | 27,318,642 | 0 | 20,488,981 | 6,829,661 | ||
XieRenguo | Domesticnaturalperson | 1.81% | 22,978,388 | 1,828,800 | 0 | 22,978,388 | ||
OrientSecuritiesCo.,Ltd.-ZhonggengValuePioneerEquitySecuritiesInvestmentFund | Other | 1.40% | 17,774,414 | 9,538,388 | 0 | 17,774,414 | ||
BasicEndowmentInsuranceFund1206Portfolio | Other | 1.36% | 17,284,781 | 6,708,025 | 0 | 17,284,781 | ||
DajiaLifeInsuranceCo.,Ltd.-UniversalProduct | Other | 1.02% | 12,927,800 | 9,374,938 | 0 | 12,927,800 | ||
ChinaInternationalCapitalCorporationLimited-ChinaConstructionBank-CICCEmergingEquityCollectiveAssetManagementPlan | Other | 0.91% | 11,567,525 | 11,567,525 | 0 | 11,567,525 | ||
MaWei | Domesticnaturalperson | 0.71% | 8,950,934 | 400,000 | 6,713,200 | 2,237,734 | ||
AMCM-self-ownfunds | Overseaslegalperson | 0.61% | 7,702,426 | 7,702,426 | 0 | 7,702,426 | ||
Thetop10shareholdersofstrategicinvestorsorgenerallegalpersonsduetoplacementofnewshares(ifany)(seeNote3) | Notapplicable | |||||||
Explanationoftheaboveshareholders'relationshiporconcertedaction | Notapplicable | |||||||
Explanationoftheaboveshareholders'entrusting/entrustedvoting | Notapplicable |
rightsandwaiverofvotingrights | ||||
Specialexplanationsfortheexistenceofspecialrepurchaseaccountsamongthetop10shareholders(ifany)(seeNote10) | Notapplicable | |||
Shareholdingofthetop10shareholderswithunlimitedtradableconditions | ||||
Nameofshareholder | Numberofsharesheldwithunlimitedtradableconditionsattheendofthereportingperiod | Typeofshares | ||
Typeofshares | Quantity | |||
WuYongqiang | 51,672,179 | Ashares | 51,672,179 | |
HongKongSecuritiesClearingCompanyLtd. | 38,935,943 | Ashares | 38,935,943 | |
XieRenguo | 22,978,388 | Ashares | 22,978,388 | |
OrientSecuritiesCo.,Ltd.-ZhonggengValuePioneerEquitySecuritiesInvestmentFund | 17,774,414 | Ashares | 17,774,414 | |
BasicEndowmentInsuranceFund1206Portfolio | 17,284,781 | Ashares | 17,284,781 | |
DajiaLifeInsuranceCo.,Ltd.-UniversalProduct | 12,927,800 | Ashares | 12,927,800 | |
ChinaInternationalCapitalCorporationLimited-ChinaConstructionBank-CICCEmergingEquityCollectiveAssetManagementPlan | 11,567,525 | Ashares | 11,567,525 | |
AMCM-self-ownfunds | 7,702,426 | Ashares | 7,702,426 | |
JiShuhai | 6,829,661 | Ashares | 6,829,661 | |
#ShenzhenSaiShuoFundManagementCo.,Ltd.-SaiShuoNo.1PrivateSecuritiesInvestmentFund | 6,080,000 | Ashares | 6,080,000 | |
Explanationoftherelationshiporconcertedactionbetweenthetop10shareholderswithunlimitedtradablesharesandbetweenthetop10shareholderswithunlimitedtradablesharesandthetop10shareholders | Notapplicable | |||
Explanationoftheparticipationofthetop10ordinaryshareholdersinsecuritiesmargintrading(ifany)(seeNote4) | ShareholderMr.XieRenguoholds14,707,103sharesthroughthecreditsecuritiesaccount. |
Whetherthetop10ordinaryshareholdersandthetop10ordinaryshareholderswithunlimitedsalesconditionshaveconductedtheagreedrepurchasetransactionsduringthereportingperiod
□Yes?NoThetop10ordinaryshareholdersandthetop10ordinaryshareholderswithunlimitedsalesconditionsdidnotcarryouttheagreedrepurchasetransactionduringthereportingperiod.
2.ControllingshareholderoftheCompanyNatureofcontrollingshareholder:controllingbynaturalperson
Typeofcontrollingshareholder:naturalperson
Nameofcontrollingshareholder | Nationality | Whethertherightofresidenceinothercountriesorregionswasobtained |
WuYongqiang | China | No |
Mainpositionandoccupation | ServedasthechairmanandgeneralmanagerofShenzhenTopbandCo.,Ltd.since2009 | |
Equityofotherdomesticandforeignlistedcompaniesholdingsharesorparticipatinginsharesduringthereportingperiod | None |
Changeofcontrollingshareholdersduringthereportingperiod
□Applicable?NotapplicableThecontrollingshareholderoftheCompanydidnotchangeduringthereportingperiod.
3.TheCompany'sactualcontrolleranditspersonactinginconcertNatureofactualcontroller:domesticnaturalpersonTypeofactualcontroller:naturalperson
Nameofactualcontroller | Relationshipwithactualcontroller | Nationality | Whethertherightofresidenceinothercountriesorregionswasobtained |
WuYongqiang | Inperson | China | No |
Mainpositionandoccupation | ServedasthechairmanandgeneralmanagerofShenzhenTopbandCo.,Ltd.since2009 | ||
Situationoflistedcompaniesbothathomeandabroadthathavebeenheldinthepast10years | None |
Changeofactualcontrollerduringthereportingperiod
□Applicable?NotapplicableTheactualcontrolleroftheCompanydidnotchangeduringthereportingperiod.BlockDiagramofPropertyRightsandControlRelationshipbetweentheCompanyandtheActualController
ActualcontrollercontrolstheCompanybymeansoftrustorotherwaysofassetsmanagement
□Applicable?Notapplicable
WuYongqiangShenzhenTopbandCo.,Ltd.
4.Thecumulativenumberofpledgedsharesheldbythecontrollingshareholderorthelargestshareholderanditspersonsactinginconcertaccountsfor80%ofthetotalnumberofsharesheldbythemintheCompany
□Applicable?Notapplicable
5.Otherinstitutionalshareholdersholdingover10%ofshares
□Applicable?Notapplicable
6.Limitedreductionofsharesofcontrollingshareholders,actualcontrollers,reorganizersandothercommittedentities
□Applicable?Notapplicable
IV.Thespecificimplementationoftargetedsharerepurchaseduringthereportingperiod
Implementationprogressofsharerepurchase?Applicable□Notapplicable
Schemedisclosuretime | Numberofsharestoberepurchased(shares) | Proportiontototalsharecapital | Amountofsharestoberepurchased(RMBtenthousand) | Proposedrepurchaseperiod | Repurchasepurpose | Numberofsharesrepurchased(shares) | Proportionofrepurchasedsharestounderlyingstocksinvolvedintheequityincentiveplan(ifany) |
2022/03/22 | 2,500,000-3,750,000 | 0.1989%-0.2983% | 4,000-6,000 | 2022/3/18-2023/3/17 | Therepurchasedcompanysharesareallusedtoimplementequityincentivesoremployeestockownershipplansforcoreemployees.IftheCompanyfailstoimplementtheaforementionedpurposeswithin36monthsafterthecompletionofthesharerepurchase,oriftherepurchasedsharesarenotfullyusedfortheaforementionedpurposes,theunusedportionwillbecanceledinaccordancewiththelaw. | 5,181,200 | 0.00% |
Progressintheimplementationofthereductionofsharerepurchasethroughcentralizedbidtrading
□Applicable?Notapplicable
SectionVIIIInformationonPreferredShares
□Applicable?NotapplicableTheCompanydidnothavepreferredsharesduringthereportingperiod.
SectionIXRelevantInformationofBonds
□Applicable?Notapplicable
SectionXFinancialReportI.Auditreport
Typeofauditopinion | Standardunqualifiedopinion |
Dateofsigningtheauditreport | March29,2023 |
NameofauditInstitution | BAKERTILLYInternationalAccountingFirm(SpecialGeneralPartnership) |
Documentnumberofauditreport | TZYZ[2023]No.17594 |
Nameofcertifiedpublicaccountant | ChenZhigang,ZhaoYang |
TextofauditreportAllshareholdersofShenzhenTopbandCo.,Ltd.:
I.AuditOpinionWehaveauditedtheattachedfinancialstatementsofShenzhenTopbandCo.,Ltd.(hereinafterreferredtoasTopband),includingtheconsolidatedandparentcompanybalancesheetasofDecember31,2022,andtheconsolidatedandparentcompanyincomestatement,theconsolidatedandparentcompanycashflowstatement,andtheconsolidatedandparentcompanystatementofchangeinshareholderequityof2022,aswellasthenotestofinancialstatements.Inouropinions,theattachedfinancialstatementshavebeenpreparedinaccordancewiththeAccountingStandardforBusinessEnterprisesinallsignificantaspects,andgivenfairviewsontheconsolidatedandparentcompanyfinancialpositionsofTopbandasofDecember31,2022,andtheconsolidatedandparentcompanyoperatingresultsaswellascashflowof2022.II.Basisfortheformationofauditopinions
WehavecarriedoutauditincompliancewithAuditingStandardsforCertifiedPublicAccountantsofChina.Ourresponsibilityunderthesestandardsisfurtherdescribedin"CertifiedPublicAccountants'ResponsibilityfortheFinancialStatements"intheauditreport.InaccordancewithChinaCodeofEthicsforCertifiedPublicAccountants,weareindependentofTopbandandhaveperformedotherresponsibilitiesinprofessionalethics.Webelievethattheauditevidenceobtainedbyusissufficientandappropriateandhasprovidedabasisfortheexpressionofourauditopinion.
III.KeyAuditMattersThekeyitemsforauditareitemsthatweconsiderthemostimportantfortheauditofthefinancialstatementsofthecurrentperiodaccordingtotheprofessionaljudgment.Theresponseoftheseitemsisbasedonanauditoftheoverallfinancialstatementsandtheformationofauditopinions,andwedonotindividuallyexpressviewsontheseitems.
KeyAuditMatters | Howarethematterhandledintheaudit |
1.Revenuerecognition | |
In2022,theoperatingincomeofTopbandwasRMB8,875.0991million.ConsideringthatoperatingincomeisakeyoperatingindicatorofTopband,theremaybepotentialmisstatementsinwhetherthesalesrevenueofproductsisincludedintheappropriateaccountingperiod.Therefore,wetaketherecognitionofoperatingincomeasakeyauditmatter.Pleaserefertothenotestothefinancialstatements:"(XXIX)Revenue"of"III.Importantaccountingpoliciesandestimates","(XXXX)Operatingincomeandcost"of"VI.Notestoitemsofconsolidatedfinancialstatement",and"(IV)Operatingincomeandcost"of"XVI.Notestomainitemsoffinancialstatementsoftheparentcompany". | Themainauditprocedureswehavecarriedoutforrevenuerecognitioninclude,butarenotlimitedtothefollowing:(1)Understand,evaluate,andtesttheeffectivenessofinternalcontroldesignandoperationrelatedtosalesandcollectionofTopband;(2)Understandrevenuerecognitionpoliciesthroughinterviewswithmanagement,examinerelevantclausesofmajorcustomercontracts,analyzeandevaluatewhethertheactualrevenuerecognitionpoliciesareappropriate,andreviewwhetherrelevantaccountingpoliciesareconsistentlyapplied;(3)Queryandunderstandthebackgroundinformationofmajorcustomersornewcustomersthroughpublicchannels,suchasbusinessregistrationmaterials,andconfirmwhethertherearepotentialunrecognizedrelatedpartyrelationshipsbetweenmajorcustomersandTopbandandrelatedparties;(4)Analyzetherationalityofchangesinthesalesstructureofmainproducts,andthegrossprofitmarginchangesofmainproductsandcustomerscomparedwiththegrossprofitmarginofthesameperiodinhistoryandthesameindustry,andreviewtherationalityofsalesrevenue;(5)Auditandconfirmthebalanceofaccountsreceivableofmajorcustomersbyletteraccordingtoaccountsreceivable,andperformalternativetestsoncustomerswhohavenotrespondedtotheletter;(6)Selectsamples,checktherelevantdocumentsofsalesrevenuetransactions,suchassalescontracts(orders),deliverynotes,receipts(warehousereceipts),customsdeclarations,accountstatements,andsalesinvoices,andverifywhethertheconfirmedsalesrevenueistrue;(7)Selectsamplesfromthesalesrevenuetransactions |
KeyAuditMatters | Howarethematterhandledintheaudit |
recordedbeforeandafterthebalancesheetdate,checksupportingvouchersforrevenuerecognitionundereachmodel,andassesswhetherthesalesrevenueisrecordedinanappropriateaccountingperiod; |
KeyAuditMatters
KeyAuditMatters | Howarethematterhandledintheaudit |
2.Receivablesimpairment | |
Attheendof2022,thebookvalueofreceivablesofTopbandwasRMB2,549.734million.Duetothelargebookvalueofreceivables,theevaluationofbaddebtreservesinvolvessignificantaccountingestimatesandjudgmentsbymanagement.Therefore,wetakebaddebtreservesforreceivablesasakeyauditmatter.Pleaserefertothenotestothefinancialstatements:"(XI)Receivables"of"III.Importantaccountingpoliciesandestimates","(IV)Receivables"of"VI.Notestoitemsofconsolidatedfinancialstatement",and"(I)Receivables"of"XVI.Notestomainitemsoffinancialstatementsoftheparentcompany". | Themainauditprocedureswehavecarriedoutfortheimpairmentofaccountsreceivableinclude,butarenotlimitedtothefollowing:(1)Understand,evaluate,andtesttheeffectivenessofinternalcontroldesignandoperationrelatedtoTopbandcreditpolicyandaccountsreceivablemanagement;(2)Analyzetherationalityoftheaccountingpoliciesforaccrualofbaddebtreservesforreceivables,includingthebasisfordeterminingtheportfolioofreceivables,expectedcreditlossrate,judgmentofsignificantindividualamounts,judgmentofindividualaccrualofbaddebtreserves,andreviewwhetherthemcomplywithrelevantaccountingpolicies;(3)Obtainaccountsreceivableaginganalysistableandbaddebtprovisiontable,analyzeandchecktherationalityandaccuracyofaccountsreceivableagingdivisionandbaddebtprovision;(4)Analyzeandcalculatetheratiobetweentheamountofbaddebtreservesonthebalancesheetdateandthebalanceofreceivables,comparetheamountofbaddebtreservesaccruedinthepreviousperiodwiththeactualamountincurred,andanalyzewhethertheaccrualofbaddebtreservesforreceivablesissufficient;(5)Analyzetherationalityofthescaleofreceivablesformajorcustomersbasedonthecreditperiodofreceivables,understandthereasonablereasonsforreceivablesbeyondthecreditperiod,andidentifywhetherthereareanysituationsthataffecttheevaluationresultsofbaddebtreservesforreceivablesofTopband. |
IV.OtherInformation
Topband'smanagement(hereinafterreferredtoas"management")isresponsibleforotherinformation.Otherinformationincludesinformationcoveredinthe2022annualreport,butdoesnotincludefinancialstatementsandourauditreports.
Wedonotcoverotherinformationontheauditopinionsissuedforthefinancialstatements,nordowehaveanyformofattestationconclusionsonotherinformation.
Inconjunctionwithourauditofthefinancialstatements,ourresponsibilityistoreadotherinformation,andinthisprocess,considerwhetherotherinformationismateriallyinconsistentwiththefinancialstatementsorwhatwehavelearnedintheauditprocessoritappearstobesignificantmisstatement.Basedontheworkwehavecarriedout,weshouldreportthefactifwedeterminetheexistenceofasignificantmisstatementinotherinformation.Inthisregard,wehavenothingtoreport.
V.Responsibilityofthemanagementandthegovernancetothefinancialstatements
ThemanagementisresponsibleforpreparingthefinancialstatementsinaccordancewiththeprovisionsoftheAccountingStandardforBusinessEnterprisestomakeitfairreflection,thendesigning,implementingandmaintainingthenecessaryinternalcontrolssothatthefinancialstatementsdonothaveanysignificantmisstatementresultingfromfraudorerror.
Whenthefinancialstatementswereprepared,theManagementwasresponsibleforassessingTopband'sabilitytocontinueasagoingconcern,disclosingthemattersrelatedtothegoingconcern(ifapplicable)andapplyingthegoingconcernassumptionunlesstheManagementplannedtoconductliquidation,terminatedoperationorhadnootherpracticaloption.
ThegovernanceisresponsibleforoverseeingthefinancialreportingprocessofTopband.
VI.Certifiedpublicaccountant'sresponsibilityforauditoffinancialstatements
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditreportthatincludesouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconductedinaccordancewiththeauditstandardswillalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisofthesefinancialstatements.
Aspartofanauditinaccordancewiththeauditsstandards,weexerciseprofessionaljudgmentandmaintainprofessionalscepticismthroughouttheaudit.Meanwhile,wealsoexecutethefollowingworks:
(1)Identifyandassesstherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraudorerror,designandperformauditproceduresresponsivetothoserisks,andobtainauditevidencethatissufficientandappropriatetoprovideabasisforouropinion.Sincefraudmayinvolvecollusion,forgery,intentionalomission,falserepresentationornotbesubjecttointernalcontrol,theriskoffailuretofindthesignificantmisstatementduetofraudishigherthantheriskoffailuretofindamajormisstatementduetoerrors.
(2)Obtainanunderstandingofinternalcontrolrelevanttotheauditinordertodesignauditproceduresthatareappropriateinthecircumstances,butnotforthepurposeofexpressinganopinionontheeffectivenessoftheinternalcontrol.
(3)Evaluatetheappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimatesandrelateddisclosuresmadebymanagement.
(4)Concludeontheappropriatenessofusingthegoingconcernassumptionbythemanagement.Atthesametime,onthebasisoftheacquiredauditevidence,makeaconclusionwhetherthereisasignificantuncertaintyinmattersorcircumstancesthatcausesignificantdoubtsaboutconstantoperationalcapacityofTopband.Ifwecometotheconclusionthattherearesignificantuncertainties,theauditguidelinesrequirethatwedrawtheattentionofthereportuserstotherelevantdisclosuresinthefinancialstatementsintheauditreport;ifthedisclosureisnotsufficient,weshouldissueamodifiedauditreport.Ourconclusionisbasedontheinformationthatwasavailableasofthedateoftheauditreport.However,futureeventsorconditionsmaycauseTopbandtodiscontinueoperation.
(5)Evaluatetheoverallpresentation,structureandcontentofthefinancialstatementsandwhetherthefinancialstatementsrepresenttheunderlyingtransactionsandeventsinamannerthatachievesfairpresentation.
(6)ObtainsufficientandappropriateauditevidenceonthefinancialinformationofentitiesorbusinessactivitiesunderTopbandtomakeanauditopiniononthefinancialstatements.Weareresponsibleforguiding,supervisingandimplementingtheCompany'sauditandbearfullresponsibilityfortheauditopinion.
Wecommunicatewiththegovernanceregardingtheplannedscopeandtimingoftheaudit,significantauditfindingsandothermatters,includinganynotabledeficienciesininternalcontrolthatweidentifyduringaudit.
Wealsoprovideastatementtogovernanceregardingcompliancewiththeindependence-relatedprofessionalethicsrequirementsandcommunicatewiththegovernancealltherelationshipsandothermattersthatmayreasonablybeconsideredtoaffectourindependence,aswellastherelevantpreventivemeasures.Initemscommunicatedwiththegovernance,wedeterminethoseitemsmostimportanttotheauditofthefinancialstatementsofthecurrentperiodandconstituteakeyitemforaudit.Wedescribetheseitemsintheauditreportunlesslawsandregulationsprohibitthedisclosureoftheseitems,orinrarecases,thenegativeconsequencesofcommunicatinganitemintheauditreportarebeyondthebenefitsofpublicinterest,wedeterminethattheitemshouldnotbecommunicatedintheauditreport.
II.FinancialStatements
Theunitofstatementsinthefinancialnotesis:RMB
1.ConsolidatedBalanceSheetPreparedby:ShenzhenTopbandCo.,Ltd.
December31,2022
Unit:RMB
Items | December31,2022 | January1,2022 |
Currentassets: | ||
Monetarycapital | 1,403,026,071.34 | 1,767,580,056.07 |
Settlementofprovisions | ||
Lendingfunds | ||
Tradablefinancialassets | 342,959,450.31 | 214,999,336.74 |
Derivativefinancialassets | ||
Notesreceivable | 51,791,758.90 | 161,659,470.21 |
Accountsreceivable | 2,549,734,039.66 | 2,188,161,465.48 |
Receivablesfinancing | 254,988,202.60 | 36,902,507.85 |
Prepayments | 53,005,656.95 | 41,320,285.02 |
Premiumsreceivable | ||
Reinsuranceaccountsreceivable | ||
Reinsurancecontractreservesreceivable | ||
Otherreceivables | 77,743,150.98 | 50,156,221.82 |
Including:interestreceivable | ||
Dividendsreceivable | ||
Repurchaseoffinancialassetsforresale | ||
Inventory | 1,992,952,212.53 | 2,184,402,766.04 |
Contractualassets | ||
Assetsheldforsale | ||
Non-currentassetsduewithinoneyear | ||
Othercurrentassets | 155,126,777.31 | 113,071,619.93 |
Totalcurrentassets | 6,881,327,320.58 | 6,758,253,729.16 |
Non-currentassets: | ||
Loansandadvancesgranted | ||
Debtinvestment | ||
Otherdebtinvestment | ||
Long-termreceivables | ||
Long-termequityinvestment | 23,550,658.91 | 26,119,127.82 |
Otherequityinstrumentinvestment | ||
Othernon-currentfinancialassets | ||
Investmentproperty | 106,242,777.85 | 86,975,114.31 |
Fixedassets | 1,840,358,093.74 | 1,299,517,887.54 |
Constructioninprogress | 234,775,312.11 | 495,248,025.93 |
Productivebiologicalassets | 0.00 | |
Oilandgasassets | 0.00 | |
Right-of-useassets | 106,196,901.87 | 58,168,151.88 |
Intangibleassets | 547,316,314.57 | 435,639,773.29 |
Developmentexpenditure | 100,947,313.14 | 66,358,407.48 |
Goodwill | 110,732,042.84 | 110,732,042.84 |
Long-termdeferredexpenses | 132,221,565.23 | 95,151,616.38 |
Deferredtaxassets | 108,517,258.70 | 102,787,097.36 |
Othernon-currentassets | 172,371,288.80 | 72,041,428.40 |
Totalnon-currentassets | 3,483,229,527.76 | 2,848,738,673.23 |
Totalassets | 10,364,556,848.34 | 9,606,992,402.39 |
Currentliabilities: | ||
Short-termloans | 283,351,495.57 | 409,531,107.26 |
LoanfromtheCentralBank | ||
Borrowedfunds | ||
Tradablefinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 1,065,652,340.80 | 1,231,106,148.24 |
Accountspayable | 1,606,446,204.02 | 1,511,284,996.56 |
Accountscollectedinadvance | 1,130,165.23 | 353,895.16 |
Contractualliabilities | 138,281,929.17 | 93,328,006.70 |
Financialassetssoldforrepurchase | ||
Depositabsorptionandinterbankdeposit | ||
Actingtradingsecurities |
Actingunderwritingsecurities | ||
Employeecompensationpayable | 206,979,773.15 | 198,863,796.02 |
Taxespayable | 88,405,514.65 | 16,254,542.45 |
Otheraccountpayable | 335,047,520.52 | 318,632,275.66 |
Including:interestpayable | ||
Dividendspayable | ||
Servicechargesandcommissionspayable | ||
Reinsuranceaccountspayable | ||
Liabilitiesheldforsale | ||
Non-currentliabilitiesduewithinoneyear | 75,356,303.72 | 47,721,695.74 |
Othercurrentliabilities | 22,476,430.74 | 107,064,543.82 |
Totalcurrentliabilities | 3,823,127,677.57 | 3,934,141,007.61 |
Non-currentliabilities: | ||
Insurancecontractreserve | ||
Long-termloans | 581,500,000.00 | 475,020,000.00 |
Bondspayable | ||
Including:preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | 73,610,791.09 | 40,290,402.14 |
Long-termpayables | ||
Long-termemployeecompensationpayable | ||
Estimatedliabilities | ||
Deferredincome | 13,370,250.14 | 14,385,200.00 |
Deferredtaxliabilities | 51,144,154.13 | 26,280,456.34 |
Othernon-currentliabilities | ||
Totalnon-currentliabilities | 719,625,195.36 | 555,976,058.48 |
Totalliabilities | 4,542,752,872.93 | 4,490,117,066.09 |
Owner'sequity: | ||
Sharecapital | 1,269,535,372.00 | 1,256,978,072.00 |
Otherequityinstruments | ||
Including:preferredshares | ||
Perpetualbonds | ||
Capitalpublicreserve | 2,266,142,198.44 | 2,140,053,149.74 |
Minus:treasuryshares | 284,257,854.91 | 242,525,433.60 |
Othercomprehensiveincome | -8,479,622.35 | -91,831,496.88 |
Specialreserve | 0.00 | 0.00 |
Surplusreserves | 214,764,194.14 | 186,397,631.76 |
Generalriskprovision | 0.00 | 0.00 |
Retainedearnings | 2,270,819,171.01 | 1,779,243,483.61 |
Totalowner'sequityattributabletotheparentcompany | 5,728,523,458.33 | 5,028,315,406.63 |
Minorityshareholders'equity | 93,280,517.08 | 88,559,929.67 |
Totalowners'equity | 5,821,803,975.41 | 5,116,875,336.30 |
Totalliabilitiesandowners'equity | 10,364,556,848.34 | 9,606,992,402.39 |
LegalRepresentative:WuYongqiangAccountingHead:XiangWeiAccountingDepartmentHead:LuoMuchen
2.BalanceSheetofParentCompany
Unit:RMB
Items | December31,2022 | January1,2022 |
Currentassets: | ||
Monetarycapital | 417,402,306.51 | 1,110,855,192.86 |
Tradablefinancialassets | 243,989,473.48 | 187,011,836.74 |
Derivativefinancialassets | ||
Notesreceivable | 15,799,157.89 | 50,356,382.14 |
Accountsreceivable | 1,746,854,951.82 | 1,496,921,254.34 |
Receivablesfinancing | 188,468,485.11 | 13,909,195.16 |
Prepayments | 40,076,367.47 | 11,308,739.07 |
Otherreceivables | 902,544,005.07 | 141,619,648.22 |
Including:interestreceivable | ||
Dividendsreceivable | ||
Inventory | 182,264,664.43 | 343,548,795.39 |
Contractualassets | ||
Assetsheldforsale | ||
Non-currentassetsduewithinoneyear | ||
Othercurrentassets | 14,074,292.52 | |
Totalcurrentassets | 3,737,399,411.78 | 3,369,605,336.44 |
Non-currentassets: | ||
Debtinvestment | ||
Otherdebtinvestment | ||
Long-termreceivables | ||
Long-termequityinvestment | 3,958,403,119.94 | 2,947,556,465.89 |
Otherequityinstrumentinvestment | ||
Othernon-currentfinancialassets | ||
Investmentproperty | ||
Fixedassets | 137,310,278.44 | 145,229,190.35 |
Constructioninprogress | 22,775,996.65 | 6,486,761.99 |
Productivebiologicalassets | ||
Oilandgasassets | ||
Right-of-useassets | 14,765,367.57 | 554,157.99 |
Intangibleassets | 164,654,805.95 | 161,311,708.12 |
Developmentexpenditure | 53,698,954.16 | 43,638,980.21 |
Goodwill | ||
Long-termdeferredexpenses | 16,270,648.51 | 20,573,462.40 |
Deferredtaxassets | 31,434,169.93 | 55,938,073.37 |
Othernon-currentassets | 8,686,283.92 | 8,160,527.96 |
Totalnon-currentassets | 4,407,999,625.07 | 3,389,449,328.28 |
Totalassets | 8,145,399,036.85 | 6,759,054,664.72 |
Currentliabilities: | ||
Short-termloans | 10,000.00 | 153,591,779.50 |
Tradablefinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 968,645,962.43 | 990,389,640.00 |
Accountspayable | 610,163,494.08 | 368,537,246.64 |
Accountscollectedinadvance | ||
Contractualliabilities | 50,483,032.75 | 37,061,438.92 |
Employeecompensationpayable | 107,895,045.76 | 105,820,526.01 |
Taxespayable | 23,225,286.94 | 10,652,318.75 |
Otheraccountpayable | 1,258,071,297.67 | 568,675,865.75 |
Including:interestpayable | ||
Dividendspayable | ||
Liabilitiesheldforsale | ||
Non-currentliabilitiesduewithinoneyear | 6,896,279.13 | 326,602.76 |
Othercurrentliabilities | 5,163,830.86 | 38,799,661.21 |
Totalcurrentliabilities | 3,030,554,229.62 | 2,273,855,079.54 |
Non-currentliabilities: | ||
Long-termloans | 300,000,000.00 | |
Bondspayable | ||
Including:preferredshares | ||
Perpetualbonds | ||
Leaseliabilities | 7,788,265.09 | 221,776.58 |
Long-termpayables | ||
Long-termemployeecompensationpayable | ||
Estimatedliabilities | ||
Deferredincome | 5,583,950.14 | 9,053,500.00 |
Deferredtaxliabilities | 30,395,858.72 | 20,935,893.00 |
Othernon-currentliabilities | ||
Totalnon-currentliabilities | 343,768,073.95 | 30,211,169.58 |
Totalliabilities | 3,374,322,303.57 | 2,304,066,249.12 |
Owner'sequity: | ||
Sharecapital | 1,269,535,372.00 | 1,256,978,072.00 |
Otherequityinstruments | ||
Including:preferredshares | ||
Perpetualbonds | ||
Capitalpublicreserve | 2,314,366,149.44 | 2,189,685,216.22 |
Minus:treasuryshares | 284,257,854.91 | 242,525,433.60 |
Othercomprehensiveincome | 0.00 | 370,109.41 |
Specialreserve | ||
Surplusreserves | 214,735,675.68 | 186,369,113.30 |
Retainedearnings | 1,256,697,391.07 | 1,064,111,338.27 |
Totalowners'equity | 4,771,076,733.28 | 4,454,988,415.60 |
Totalliabilitiesandowners'equity | 8,145,399,036.85 | 6,759,054,664.72 |
3.Consolidatedincomestatement
Unit:RMB
Items | 2022 | 2021 |
I.Totaloperatingincome | 8,875,099,137.06 | 7,767,034,835.03 |
Including:operatingincome | 8,875,099,137.06 | 7,767,034,835.03 |
Interestincome | ||
Premiumearned | ||
Servicechargeandcommissionincome | ||
II.Totaloperatingcost | 8,245,478,544.66 | 7,124,228,676.16 |
Including:operatingcost | 7,087,226,986.88 | 6,114,531,354.87 |
Interestexpense | ||
Servicechargeandcommissionpayment | ||
Surrendervalue | ||
Netcompensationexpenditure | ||
Netreserveamountsetasideforinsuranceliabilitycontracts | ||
Policydividendpayment | ||
Reinsuranceexpenses | ||
Taxesandsurcharges | 59,394,768.35 | 29,053,867.71 |
Sellingexpenses | 260,181,170.88 | 208,562,819.10 |
Managementexpenses | 369,502,745.36 | 258,345,031.89 |
R&Dexpenses | 592,346,136.09 | 449,950,052.11 |
Financeexpenses | -123,173,262.90 | 63,785,550.48 |
Including:interestexpenses | 35,262,744.35 | 24,677,917.47 |
Interestincome | 22,969,451.22 | 8,722,530.08 |
Plus:otherincome | 39,182,827.95 | 26,208,046.69 |
Investmentloss(lossmarkedwith"-") | 564,908.47 | 54,827,083.25 |
Including:incomefrominvestmentinassociatedenterprisesandjointventures | -2,568,468.91 | -2,883,400.31 |
Derecognitionofincomeforfinancialassetsmeasuredatamortizedcost | ||
Exchangegains(lossmarkedwith"-") | ||
Netexposurehedgegain(lossmarkedwith"-") | ||
Lossfromfairvaluechange(lossmarkedwith"-") | 87,818,625.99 | 85,670,316.15 |
Creditimpairmentloss(lossmarkedwith"-") | -49,371,999.14 | -85,593,629.08 |
Assetimpairmentloss(lossmarkedwith"-") | -69,957,962.94 | -99,995,344.56 |
Incomefromdisposalofassets(lossmarkedwith"-") | -1,612,652.02 | -404,389.75 |
III.Operatingprofits(lossmarkedwith"-") | 636,244,340.71 | 623,518,241.57 |
Plus:non-operatingincome | 6,343,380.95 | 2,260,355.74 |
Minus:non-operatingexpenses | 9,310,001.33 | 5,538,292.94 |
IV.Totalprofit(totallossmarkedwith"-") | 633,277,720.33 | 620,240,304.37 |
Minus:incometaxexpense | 51,508,213.48 | 48,127,689.76 |
V.Netprofit(netlossmarkedwith"-") | 581,769,506.85 | 572,112,614.61 |
(I)Classificationaccordingtobusinesscontinuity | ||
1.Netprofitfromcontinuingoperations(netlossmarkedwith"-") | 581,769,506.85 | 572,112,614.61 |
2.Netprofitofdiscontinuedoperation(netlossmarkedwith"-") | ||
(II)Classificationaccordingtoownership | ||
1.Netprofitsattributabletoshareholdersoftheparentcompany | 582,655,258.38 | 564,964,282.18 |
2.Profitsandlossesofminorityshareholders | -885,751.53 | 7,148,332.43 |
VI.Netafter-taxamountofothercomprehensiveincome | 83,351,874.53 | -67,276,266.91 |
Netafter-taxamountofothercomprehensiveincomeattributabletotheowneroftheparentcompany | 83,351,874.53 | -67,276,266.91 |
(I)Othercomprehensiveincomethatcannotbereclassifiedintoprofitsorlosses | ||
1.Re-measurementofchangesinthedefinedbenefitplans | ||
2.Othercomprehensiveincomenotavailablefortransferringtoprofitsorlossesunderequitymethod | ||
3.Changesinfairvalueofotherequityinstrumentinvestment | ||
4.Changesinfairvalueofenterprise'sowncreditrisk | ||
5.Others | ||
(II)Othercomprehensiveincomethatisreclassifiedintoprofitsandlosses | 83,351,874.53 | -67,276,266.91 |
1.Othercomprehensiveincomethatcanbetransferredintoprofitsorlossesundertheequitymethod | ||
2.Changesinfairvalueofotherdebtinvestments | ||
3.Amountoffinancialassetsreclassifiedintoothercomprehensiveincome | ||
4.Provisionsforcreditimpairmentofotherdebtinvestment | ||
5.Cashflowhedgingreserve | ||
6.Differencefromconversionofforeigncurrencyfinancialstatements | 83,721,983.94 | -62,076,801.28 |
7.Others | -370,109.41 | -5,199,465.63 |
Netafter-taxamountofothercomprehensiveincomeattributedtotheminorityofshareholders | ||
VII.Totalcomprehensiveincome | 665,121,381.38 | 504,836,347.70 |
Totalconsolidatedincomeattributabletotheownersoftheparentcompany | 666,007,132.91 | 497,688,015.27 |
Totalconsolidatedincomeattributabletominorityshareholders | -885,751.53 | 7,148,332.43 |
VIII.Earningspershare: | ||
(I)Basicearningspershare | 0.46 | 0.47 |
(II)Dilutedearningspershare | 0.46 | 0.47 |
Incaseofconsolidationunderthesamecontrolinthecurrentperiod,thenetprofitrealizedbythecombinedpartybeforetheconsolidationisRMB0.00,andthenetprofitrealizedbythecombinedpartyinthepreviousperiodisRMB0.00.LegalRepresentative:WuYongqiangAccountingHead:XiangWeiAccountingDepartmentHead:LuoMuchen
4.Incomestatementofparentcompany
Unit:RMB
Items | 2022 | 2021 |
I.Operatingincome | 5,202,648,644.72 | 4,564,044,890.75 |
Minus:operatingcost | 4,377,885,965.16 | 3,792,141,796.05 |
Taxesandsurcharges | 27,844,377.41 | 12,625,707.59 |
Sellingexpenses | 161,446,390.50 | 130,293,799.46 |
Managementexpenses | 199,330,817.89 | 151,795,451.87 |
R&Dexpenses | 288,197,868.48 | 186,514,426.05 |
Financeexpenses | -97,593,261.74 | 37,274,271.38 |
Including:interestexpenses | 14,742,345.29 | 12,147,542.62 |
Interestincome | 12,642,025.47 | 5,763,930.72 |
Plus:otherincome | 18,196,376.76 | 8,563,323.92 |
Investmentloss(lossmarkedwith"-") | 2,905,522.38 | 69,299,464.03 |
Including:incomefrominvestmentinassociatedenterprisesandjointventures | -88,713.69 | -527,468.28 |
Incomefromderecognitionoffinancialassetsmeasuredatamortizedcost(lossmarkedwith"-") | ||
Netexposurehedgegain(lossmarkedwith"-") | ||
Lossfromfairvaluechange(lossmarkedwith"-") | 56,977,636.74 | 85,670,316.15 |
Creditimpairmentloss(lossmarkedwith"-") | -7,750,950.30 | -12,263,755.40 |
Assetimpairmentloss(lossmarkedwith"-") | -4,062,161.66 | -8,393,828.43 |
Incomefromdisposalofassets(lossmarkedwith"-") | 73,024.55 | 870,158.85 |
II.Operatingprofit(lossmarkedwith"-") | 311,875,935.49 | 397,145,117.47 |
Plus:non-operatingincome | 3,353,859.66 | 406,354.97 |
Minus:non-operatingexpenses | 3,072,574.72 | 3,621,199.53 |
III.Totalprofit(totallossmarkedwith"-") | 312,157,220.43 | 393,930,272.91 |
Minus:incometaxexpense | 28,491,596.65 | 43,553,530.65 |
IV.Netprofit(netlossmarkedwith"-") | 283,665,623.78 | 350,376,742.26 |
(I)Netprofitfromcontinuingoperation(netlossmarkedwith"-") | 283,665,623.78 | 350,376,742.26 |
(II)Netprofitfromterminationofoperation(netlossmarkedwith"-") | ||
V.Netafter-taxamountofothercomprehensiveincome | -370,109.41 | -5,199,465.63 |
(I)Othercomprehensiveincomethatcannotbereclassifiedintoprofitsorlosses | ||
1.Re-measurementofchangesinthedefinedbenefitplans | ||
2.Othercomprehensiveincomenotavailablefortransferringtoprofitsorlossesunderequitymethod | ||
3.Changesinfairvalueofotherequityinstrumentinvestment | ||
4.Changesinfairvalueofenterprise'sowncreditrisk | ||
5.Others | ||
(II)Othercomprehensiveincomethatisreclassifiedintoprofitsandlosses | -370,109.41 | -5,199,465.63 |
1.Othercomprehensiveincomethatcanbetransferredintoprofitsorlossesundertheequitymethod | ||
2.Changesinfairvalueofotherdebtinvestments | ||
3.Amountoffinancialassetsreclassifiedintoothercomprehensiveincome | ||
4.Provisionsforcreditimpairmentofotherdebtinvestment | ||
5.Cashflowhedgingreserve | ||
6.Differencefromconversionofforeigncurrencyfinancialstatements | ||
7.Others | -370,109.41 | -5,199,465.63 |
VI.Totalcomprehensiveincome | 283,295,514.37 | 345,177,276.63 |
VII.Earningspershare | ||
(I)Basicearningspershare | ||
(II)Dilutedearningspershare |
5.ConsolidatedCashFlowStatement
Unit:RMB
Items | 2022 | 2021 |
I.Cashflowfromoperatingactivities: | ||
Cashreceivedfromsalesofgoodsorrenderingofservices | 8,626,949,263.26 | 7,379,366,133.60 |
Netincreaseincustomerdepositsandinterbankdeposits | ||
Netincreaseinborrowingfromthecentralbank | ||
Netincreaseinfundsborrowedfromotherfinancialinstitutions | ||
Cashfromreceiptoforiginalinsurancecontractpremiums | ||
Receiptofnetcashforreinsuranceoperations | ||
Netincreaseinsavingsandinvestmentfundsoftheinsured | ||
Cashfromreceiptofinterest,servicechargesandcommissions | ||
Netincreaseinborrowedfunds | ||
Netincreaseinfundsfromrepurchaseoperations | ||
Netcashreceivedforactingtradingsecurities | ||
Taxrebatesreceived | 438,361,600.33 | 408,342,014.70 |
Othercashreceivedrelatedtooperatingactivities | 128,901,892.62 | 89,743,482.16 |
Subtotalofcashinflowfromoperatingactivities | 9,194,212,756.21 | 7,877,451,630.46 |
Cashpaidforpurchasinggoodsandacceptinglaborservices | 6,729,462,234.98 | 6,328,279,127.11 |
Netincreaseinloansandadvancesofclients |
Netincreaseindepositswithcentralbanksandinterbanks | ||
Cashincompensationfundspaidfortheoriginalinsurancecontract | ||
Netincreaseinlendingfunds | ||
Cashforpaymentofinterest,servicechargesandcommissions | ||
Cashforpaymentofpolicydividends | ||
Cashpaidtoandforemployees | 1,486,982,071.31 | 1,315,339,474.82 |
Varioustaxespaid | 223,823,801.46 | 156,592,618.79 |
Othercashpaidinconnectionwithoperatingactivities | 262,889,572.13 | 301,802,955.60 |
Subtotalofcashoutflowfromoperatingactivities | 8,703,157,679.88 | 8,102,014,176.32 |
Netcashflowfromoperatingactivities | 491,055,076.33 | -224,562,545.86 |
II.Cashflowfrominvestingactivities: | ||
Cashreceivedfrominvestmentrecovery | 57,000,000.00 | 526,447,603.26 |
Cashreceivedasreturnonaninvestment | 3,133,377.38 | 57,710,483.56 |
Netcashrecoupedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 3,500,006.86 | 6,913,824.99 |
Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | ||
Othercashreceivedrelatingtoinvestmentactivities | ||
Subtotalofcashinflowfrominvestmentactivities | 63,633,384.24 | 591,071,911.81 |
Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 734,670,701.34 | 854,193,345.35 |
Cashpaidforinvestment | 97,032,200.02 | 470,500,000.00 |
Netincreaseinpledgedloans | ||
Netcashobtainedfromsubsidiariesandotherbusinessunits | 14,549,770.03 | |
Othercashpaidrelatedtoinvestmentactivities | 9,000,000.00 | |
Subtotalofcashoutflowfrominvestmentactivities | 840,702,901.36 | 1,339,243,115.38 |
Netcashflowfrominvestmentactivities | -777,069,517.12 | -748,171,203.57 |
III.Cashflowfromfinancingactivities: | ||
Cashreceivedfromabsorbinginvestment | 49,875,015.00 | 1,341,854,327.60 |
Including:cashreceivedbysubsidiaries'absorptionofminorityshareholders'investment | 21,246,898.25 | |
Cashreceivedfromloan | 1,048,010,000.00 | 1,026,376,959.97 |
Othercashreceivedrelatingtofinancingactivities | 20,898,938.99 | 27,248,871.75 |
Subtotalofcashinflowfromfinancingactivities | 1,118,783,953.99 | 2,395,480,159.32 |
Cashpaidforrepaymentsofdebts | 1,054,629,259.95 | 726,099,200.02 |
Cashpaidtodistributedividends,profitsorpayinterest | 92,131,933.80 | 86,470,656.52 |
Including:dividendsandprofitspaidbysubsidiariestominorityshareholders | 5,197,835.08 | |
Othercashpaidrelatedtofinancingactivities | 96,944,669.54 | 40,197,743.20 |
Subtotalofcashoutflowfromfinancingactivities | 1,243,705,863.29 | 852,767,599.74 |
Netcashflowfromfinancingactivities | -124,921,909.30 | 1,542,712,559.58 |
IV.Impactofexchangeratefluctuationsoncashandcashequivalents | 49,113,085.12 | -30,709,686.87 |
V.Netincreaseincashandcashequivalents | -361,823,264.97 | 539,269,123.28 |
Plus:balanceofcashandcashequivalentsatthebeginningoftheperiod | 1,736,104,958.20 | 1,196,835,834.92 |
VI.Balanceofcashandcashequivalentsattheendoftheperiod | 1,374,281,693.23 | 1,736,104,958.20 |
6.Cashflowstatementoftheparentcompany
Unit:RMB
Items | 2022 | 2021 |
I.Cashflowfromoperatingactivities: | ||
Cashreceivedfromsalesofgoodsorrenderingofservices | 4,734,306,171.71 | 4,281,179,459.86 |
Taxrebatesreceived | 227,237,393.79 | 257,161,861.26 |
Othercashreceivedrelatedtooperatingactivities | 3,336,116,773.24 | 686,667,031.96 |
Subtotalofcashinflowfromoperatingactivities | 8,297,660,338.74 | 5,225,008,353.08 |
Cashpaidforpurchasinggoodsandacceptinglaborservices | 3,894,502,672.61 | 3,729,736,400.30 |
Cashpaidtoandforemployees | 625,644,473.84 | 456,452,513.20 |
Varioustaxespaid | 47,969,809.00 | 74,299,409.46 |
Othercashpaidinconnectionwithoperatingactivities | 3,442,743,241.93 | 1,073,422,053.80 |
Subtotalofcashoutflowfromoperatingactivities | 8,010,860,197.38 | 5,333,910,376.76 |
Netcashflowfromoperatingactivities | 286,800,141.36 | -108,902,023.68 |
II.Cashflowfrominvestingactivities: | ||
Cashreceivedfrominvestmentrecovery | 50,792,461.51 | |
Cashreceivedasreturnonaninvestment | 2,994,236.07 | 69,826,932.31 |
Netcashrecoupedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 2,707,761.44 | 3,706,391.67 |
Netcashreceivedfromdisposalofsubsidiariesandotherbusinessunits | ||
Othercashreceivedrelatingtoinvestmentactivities | ||
Subtotalofcashinflowfrominvestmentactivities | 5,701,997.51 | 124,325,785.49 |
Cashpaidforthepurchaseandconstructionoffixedassets,intangibleassetsandotherlong-termassets | 113,986,390.44 | 132,018,239.35 |
Cashpaidforinvestment | 975,275,000.00 | 465,477,642.93 |
Netcashobtainedfromsubsidiariesandotherbusinessunits | ||
Othercashpaidrelatedtoinvestmentactivities | ||
Subtotalofcashoutflowfrominvestmentactivities | 1,089,261,390.44 | 597,495,882.28 |
Netcashflowfrominvestmentactivities | -1,083,559,392.93 | -473,170,096.79 |
III.Cashflowfromfinancingactivities: | ||
Cashreceivedfromabsorbinginvestment | 49,875,015.00 | 1,320,607,429.35 |
Cashreceivedfromloan | 718,010,000.00 | 371,000,000.00 |
Othercashreceivedrelatingtofinancingactivities | 16,164,446.24 | 12,264,121.98 |
Subtotalofcashinflowfromfinancingactivities | 784,049,461.24 | 1,703,871,551.33 |
Cashpaidforrepaymentsofdebts | 568,000,000.00 | 623,151,500.00 |
Cashpaidtodistributedividends,profitsorpayinterest | 74,343,060.81 | 68,705,946.59 |
Othercashpaidrelatedtofinancingactivities | 64,028,921.16 | 27,128,147.14 |
Subtotalofcashoutflowfromfinancingactivities | 706,371,981.97 | 718,985,593.73 |
Netcashflowfromfinancingactivities | 77,677,479.27 | 984,885,957.60 |
IV.Impactofexchangeratefluctuationsoncashandcashequivalents | 28,525,978.51 | -14,047,341.55 |
V.Netincreaseincashandcashequivalents | -690,555,793.79 | 388,766,495.58 |
Plus:balanceofcashandcashequivalentsatthebeginningoftheperiod | 1,085,257,236.62 | 696,490,741.04 |
VI.Balanceofcashandcashequivalentsattheendoftheperiod | 394,701,442.83 | 1,085,257,236.62 |
7.Consolidatedstatementofchangesinowner'sequityAmountinthecurrentperiod
Unit:RMB
Items | 2022 | ||||||||||||||
Owner'sequityattributabletotheparentcompany | Minorityshareholders'equity | ||||||||||||||
Sharecapital | Otherequityinstruments | Capitalpublicreserve | Minus:treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserves | Generalriskprovision | Retainedearnings | Other | Subtotal | Totalowners'equity | ||||
Preferredshares | Perpetualbonds | Other | |||||||||||||
I.Endingbalanceoflastyear | 1,256,978,072.00 | 2,140,053,149.74 | 242,525,433.60 | -91,831,496.88 | 186,397,631.76 | 1,779,243,483.61 | 5,028,315,406.63 | 88,559,929.67 | 5,116,875,336.30 | ||||||
Plus:changesinaccountingpolicies | |||||||||||||||
Earlyerrorcorrection | |||||||||||||||
Consolidationunderthesamecontrol | |||||||||||||||
Other | |||||||||||||||
II.Beginningbalanceofthecurrentyear | 1,256,978,072.00 | 2,140,053,149.74 | 242,525,433.60 | -91,831,496.88 | 186,397,631.76 | 1,779,243,483.61 | 5,028,315,406.63 | 88,559,929.67 | 5,116,875,336.30 | ||||||
III.Amountofchangesinincreaseordecreaseinthecurrentperiod(decreasemarkedwith"-") | 12,557,300.00 | 126,089,048.70 | 41,732,421.31 | 83,351,874.53 | 28,366,562.38 | 491,575,687.40 | 700,208,051.70 | 4,720,587.41 | 704,928,639.11 | ||||||
(I)Totalcomprehensiveincome | 83,351,874.53 | 582,655,258.38 | 666,007,132.91 | -885,751.53 | 665,121,381.38 | ||||||||||
(II)Capitalinvestedandreducedbyowners | 12,557,300.00 | 160,961,901.03 | 41,732,421.31 | 131,786,779.72 | 131,786,779.72 |
1.Ordinarysharesinvestedbyowners | 14,049,300.00 | 35,825,715.00 | 49,875,015.00 | 49,875,015.00 | ||||||||
2Capitalcontributedbyholdersofotherequityinstruments | ||||||||||||
3.Amountofshare-basedpaymentincludedinowner'sequity | 134,356,746.03 | 134,356,746.03 | 134,356,746.03 | |||||||||
4.Other | -1,492,000.00 | -9,220,560.00 | 41,732,421.31 | -52,444,981.31 | -52,444,981.31 | |||||||
(III)Profitdistribution | 28,366,562.38 | -91,079,570.98 | -62,713,008.60 | -62,713,008.60 | ||||||||
1.Withdrawsurplusreserve | 28,366,562.38 | -28,366,562.38 | ||||||||||
2Withdrawalofgeneralriskprovision | ||||||||||||
3.Distributiontoowners(orshareholders) | -62,713,008.60 | -62,713,008.60 | -62,713,008.60 | |||||||||
4.Other | ||||||||||||
(IV)Internalcarryoverofowner'sequity | ||||||||||||
1.Conversionofsurplusreservestoadditionalcapital(orsharecapital) | ||||||||||||
2Conversionofsurplusreservestoadditionalcapital(orsharecapital) | ||||||||||||
3.Surpluspublicreservetocompensatelosses | ||||||||||||
4.Changeof |
definedbenefitplanscarriedforwardtoretainedearnings | |||||||||||||
5.Othercomprehensiveincomecarriedforwardintoretainedearnings | |||||||||||||
6.Other | |||||||||||||
(V)Specialreserve | |||||||||||||
1.Amountwithdrawninthecurrentperiod | |||||||||||||
2Amountusedinthecurrentperiod | |||||||||||||
(VI)Others | -34,872,852.33 | -34,872,852.33 | 5,606,338.94 | -29,266,513.39 | |||||||||
IV.Endingbalanceofthecurrentyear | 1,269,535,372.00 | 2,266,142,198.44 | 284,257,854.91 | -8,479,622.35 | 214,764,194.14 | 2,270,819,171.01 | 5,728,523,458.33 | 93,280,517.08 | 5,821,803,975.41 |
Amountinthepreviousperiod
Unit:RMB
Items | 2021 | ||||||||||||||
Owner'sequityattributabletotheparentcompany | Minorityshareholders'equity | Totalowners'equity | |||||||||||||
Sharecapital | Otherequityinstruments | Capitalpublicreserve | Minus:treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserves | Generalriskprovision | Retainedearnings | Other | Subtotal | |||||
Preferredshares | Perpetualbonds | Other | |||||||||||||
I.Endingbalanceoflastyear | 1,135,216,809.00 | 956,734,039.75 | 80,017,965.68 | -24,555,229.97 | 151,359,957.53 | 1,324,944,369.91 | 3,463,681,980.54 | 84,992,151.43 | 3,548,674,131.97 | ||||||
Plus:changesinaccountingpolicies | |||||||||||||||
Earlyerrorcorrection | 12,636,853.09 | -19,061,969.80 | -6,425,116.71 | -27,625,228.70 | -34,050,345.41 | ||||||||||
Consolidationunderthesamecontrol | |||||||||||||||
Other | |||||||||||||||
II.Beginningbalanceofthecurrentyear | 1,135,216,809.00 | 969,370,892.84 | 80,017,965.68 | -24,555,229.97 | 151,359,957.53 | 1,305,882,400.11 | 3,457,256,863.83 | 57,366,922.73 | 3,514,623,786.56 | ||||||
III.Amountofchangesinincreaseordecreaseinthecurrentperiod(decreasemarkedwith"-") | 121,761,263.00 | 1,170,682,256.90 | 162,507,467.92 | -67,276,266.91 | 35,037,674.23 | 473,361,083.50 | 1,571,058,542.80 | 31,193,006.94 | 1,602,251,549.74 | ||||||
(I)Totalcomprehensiveincome | -67,276,266.91 | 564,964,282.18 | 497,688,015.27 | 7,148,332.43 | 504,836,347.70 | ||||||||||
(II)Capitalinvestedandreducedbyowners | 121,761,263.00 | 1,182,369,916.81 | 162,507,467.92 | 1,141,623,711.89 | 1,141,623,711.89 |
1.Ordinarysharesinvestedbyowners | 121,761,263.00 | 1,130,665,320.69 | 1,252,426,583.69 | 1,252,426,583.69 | ||||||||
2Capitalcontributedbyholdersofotherequityinstruments | ||||||||||||
3.Amountofshare-basedpaymentincludedinowner'sequity | 51,704,596.12 | 242,525,433.60 | -190,820,837.48 | -190,820,837.48 | ||||||||
4.Other | -80,017,965.68 | 80,017,965.68 | 80,017,965.68 | |||||||||
(III)Profitdistribution | 35,037,674.23 | -91,603,198.68 | -56,565,524.45 | -5,197,835.08 | -61,763,359.53 | |||||||
1.Withdrawsurplusreserve | 35,037,674.23 | -35,037,674.23 | ||||||||||
2Withdrawalofgeneralriskprovision | ||||||||||||
3.Distributiontoowners(orshareholders) | -56,565,524.45 | -56,565,524.45 | -5,197,835.08 | -61,763,359.53 | ||||||||
4.Other | ||||||||||||
(IV)Internalcarryoverofowner'sequity | ||||||||||||
1.Conversionofsurplusreservestoadditionalcapital(orsharecapital) | ||||||||||||
2Conversionofsurplusreservestoadditional |
capital(orsharecapital) | |||||||||||||
3.Surpluspublicreservetocompensatelosses | |||||||||||||
4.Changeofdefinedbenefitplanscarriedforwardtoretainedearnings | |||||||||||||
5.Othercomprehensiveincomecarriedforwardintoretainedearnings | |||||||||||||
6.Other | |||||||||||||
(V)Specialreserve | |||||||||||||
1.Amountwithdrawninthecurrentperiod | |||||||||||||
2Amountusedinthecurrentperiod | |||||||||||||
(VI)Others | -11,687,659.91 | -11,687,659.91 | 29,242,509.59 | 17,554,849.68 | |||||||||
IV.Endingbalanceofthecurrentyear | 1,256,978,072.00 | 2,140,053,149.74 | 242,525,433.60 | -91,831,496.88 | 186,397,631.76 | 1,779,243,483.61 | 5,028,315,406.63 | 88,559,929.67 | 5,116,875,336.30 |
8.Parentcompany'sstatementofchangesinowner'sequityAmountinthecurrentperiod
Unit:RMB
Items | 2022 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalpublicreserve | Minus:treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserves | Retainedearnings | Other | Totalowners'equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
I.Endingbalanceoflastyear | 1,256,978,072.00 | 2,189,685,216.22 | 242,525,433.60 | 370,109.41 | 186,369,113.30 | 1,064,111,338.27 | 4,454,988,415.60 | |||||
Plus:changesinaccountingpolicies | ||||||||||||
Earlyerrorcorrection | ||||||||||||
Other | ||||||||||||
II.Beginningbalanceofthecurrentyear | 1,256,978,072.00 | 2,189,685,216.22 | 242,525,433.60 | 370,109.41 | 186,369,113.30 | 1,064,111,338.27 | 4,454,988,415.60 | |||||
III.Amountofchangesinincreaseordecreaseinthecurrentperiod(decreasemarkedwith"-") | 12,557,300.00 | 124,680,933.22 | 41,732,421.31 | -370,109.41 | 28,366,562.38 | 192,586,052.80 | 316,088,317.68 | |||||
(I)Totalcomprehensiveincome | -370,109.41 | 283,665,623.78 | 283,295,514.37 | |||||||||
(II)Capitalinvestedandreducedbyowners | 12,557,300.00 | 155,943,760.34 | 41,732,421.31 | 126,768,639.03 | ||||||||
1.Ordinarysharesinvestedbyowners | 14,049,300.00 | 35,825,715.00 | 49,875,015.00 | |||||||||
2Capitalcontributedbyholdersofotherequityinstruments | ||||||||||||
3.Amountofshare-basedpaymentincludedinowner'sequity | 129,338,605.34 | 129,338,605.34 | ||||||||||
4.Other | -1,492,000.00 | -9,220,560.00 | 41,732,421.31 | -52,444,981.31 | ||||||||
(III)Profitdistribution | 28,366,562.38 | -91,079,570.98 | -62,713,008.60 | |||||||||
1.Withdrawsurplusreserve | 28,366,562.38 | -28,366,562.38 | ||||||||||
2Distributiontoowners(or |
shareholders) | |||||||||
3.Other | -62,713,008.60 | -62,713,008.60 | |||||||
(IV)Internalcarryoverofowner'sequity | |||||||||
1.Conversionofsurplusreservestoadditionalcapital(orsharecapital) | |||||||||
2Conversionofsurplusreservestoadditionalcapital(orsharecapital) | |||||||||
3.Surpluspublicreservetocompensatelosses | |||||||||
4.Changeofdefinedbenefitplanscarriedforwardtoretainedearnings | |||||||||
5.Othercomprehensiveincomecarriedforwardintoretainedearnings | |||||||||
6.Other | |||||||||
(V)Specialreserve | |||||||||
1.Amountwithdrawninthecurrentperiod | |||||||||
2Amountusedinthecurrentperiod | |||||||||
(VI)Others | -31,262,827.12 | -31,262,827.12 | |||||||
IV.Endingbalanceofthecurrentyear | 1,269,535,372.00 | 2,314,366,149.44 | 284,257,854.91 | 214,735,675.68 | 1,256,697,391.07 | 4,771,076,733.28 |
Amountinthepreviousperiod
Unit:RMB
Items | 2021 | |||||||||||
Sharecapital | Otherequityinstruments | Capitalpublicreserve | Minus:treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserves | Retainedearnings | Other | Totalowners'equity | |||
Preferredshares | Perpetualbonds | Other | ||||||||||
I.Endingbalanceoflastyear | 1,135,216,809.00 | 1,007,315,299.41 | 80,017,965.68 | 5,569,575.04 | 151,331,439.07 | 805,337,794.69 | 3,024,752,951.53 | |||||
Plus:changesinaccountingpolicies | ||||||||||||
Earlyerrorcorrection | ||||||||||||
Other | ||||||||||||
II.Beginningbalanceofthecurrentyear | 1,135,216,809.00 | 1,007,315,299.41 | 80,017,965.68 | 5,569,575.04 | 151,331,439.07 | 805,337,794.69 | 3,024,752,951.53 | |||||
III.Amountofchangesinincreaseordecreaseinthecurrentperiod(decreasemarkedwith"-") | 121,761,263.00 | 1,182,369,916.81 | 162,507,467.92 | -5,199,465.63 | 35,037,674.23 | 258,773,543.58 | 1,430,235,464.07 | |||||
(I)Totalcomprehensiveincome | -5,199,465.63 | 350,376,742.26 | 345,177,276.63 | |||||||||
(II)Capitalinvestedandreducedbyowners | 121,761,263.00 | 1,182,369,916.81 | 162,507,467.92 | 1,141,623,711.89 | ||||||||
1.Ordinarysharesinvestedbyowners | 121,761,263.00 | 1,130,665,320.69 | 1,252,426,583.69 | |||||||||
2Capitalcontributedbyholdersofotherequityinstruments | ||||||||||||
3.Amountofshare-basedpaymentincludedinowner'sequity | 51,704,596.12 | 242,525,433.60 | -190,820,837.48 | |||||||||
4.Other | -80,017,965.68 | 80,017,965.68 | ||||||||||
(III)Profitdistribution | 35,037,674.23 | -91,603,198.68 | -56,565,524.45 | |||||||||
1.Withdrawsurplusreserve | 35,037,674.23 | -35,037,674.23 | ||||||||||
2Distributiontoowners(orshareholders) | ||||||||||||
3.Other | -56,565,524.45 | -56,565,524.45 | ||||||||||
(IV)Internalcarryoverofowner'sequity | ||||||||||||
1.Conversionofsurplusreservestoadditionalcapital(orsharecapital) | ||||||||||||
2Conversionofsurplusreservesto |
additionalcapital(orsharecapital) | ||||||||||
3.Surpluspublicreservetocompensatelosses | ||||||||||
4.Changeofdefinedbenefitplanscarriedforwardtoretainedearnings | ||||||||||
5.Othercomprehensiveincomecarriedforwardintoretainedearnings | ||||||||||
6.Other | ||||||||||
(V)Specialreserve | ||||||||||
1.Amountwithdrawninthecurrentperiod | ||||||||||
2Amountusedinthecurrentperiod | ||||||||||
(VI)Others | ||||||||||
IV.Endingbalanceofthecurrentyear | 1,256,978,072.00 | 2,189,685,216.22 | 242,525,433.60 | 370,109.41 | 186,369,113.30 | 1,064,111,338.27 | 4,454,988,415.60 |
III.BasicinformationoftheCompany(I)BasicinformationoftheCompanyRegisteredChinesenameoftheCompany:深圳拓邦股份有限公司(hereinafterreferredtoas"theCompany")
Address:F1,TopbandIndustrialParkPhaseII,KejiSecondRoad,TangtouCommunity,ShiyanSub-district,Bao'anDistrict,ShenzhenLegalrepresentative:WuYongqiangRegisteredcapital:RMB1,269,535,372Sharecapital:RMB1,269,535,372Companytype:companylimitedbyshares(listing)Businessscope:intelligentcontrolofelectricalproducts,intelligentpowersupplyandcontrol,highefficiencylightingproductsanditscontrol,highefficiencyprecisionmotorandcontrolresearchanddevelopment,productionandsales.Businessterm:sustainableoperation(II)HistoricaldevelopmentoftheCompanyShenzhenTopbandCo.,Ltd.formerlyknownasShenzhenTopbandElectronicEquipmentCo.,Ltd.,isalimitedliabilitycompanyapprovedbyShenzhenAdministrationforIndustryandCommerceonFebruary9,1996.Ithasobtainedthebusinesslicenseofenterpriselegalpersonwiththeregistrationnumberof19241377-3andtheregisteredcapitalofRMB2million.
OnMay19,1997,theregisteredcapitalofShenzhenTopbandElectronicEquipmentCo.,Ltd.wasincreasedtoRMB3.2millionaftertheresolutionoftheShareholders'MeetingofShenzhenTopbandElectronicEquipmentCo.,Ltd.andapprovedbyShenzhenAdministrationforIndustryandcommerce.
OnJanuary10,2001,withtheresolutionoftheShareholders'MeetingofShenzhenTopbandElectronicEquipmentCo.,Ltd.andtheapprovalofShenzhenAdministrationforIndustryandCommerce(Shenzhen)namechangeNZ[2001]No.0154224EnterpriseNameChangeApprovalNotice,itwasagreedtochangethenameofShenzhenTopbandElectronicEquipmentCo.,Ltd.toShenzhenTopbandElectronicTechnologyCo.,Ltd.
OnJuly15,2002,withtheapprovalofSFG(2002)No.24issuedbyShenzhenMunicipalPeople'sGovernment,itwasagreedthatShenzhenTopbandElectronicTechnologyCo.,Ltd.wouldbereorganizedintoajointstocklimitedcompanyjointlybyfiveshareholders,namelyWuYongqiang,JiShuhai,ZhuhaiTsinghuaScienceandTechnologyParkVentureCapitalCo.,Ltd.,QiHongweiandLiXianqian.Afterthereorganization,thetotalsharecapitaloftheCompanyisRMB21million.ShenzhenPengchengAccountingFirmissuedtheCapitalVerificationReport(SPSYZ(2002)No.67)toverifythesharecapitaloftheCompany.OnAugust16,2002,theCompanywasapprovedbyShenzhenAdministrationforIndustryandCommercetoregisterthechangeofindustryandcommerce,inexchangeforthebusinesslicenseofenterpriselegalpersonwithRegistrationNo.4403012049338.ThebusinessperiodisfromFebruary9,1996toFebruary9,2046.
OnNovember23,2004,theregisteredcapitaloftheCompanywasincreasedtoRMB22.8millionupontheresolutionoftheShareholders'MeetingandthedocumentofShenzhenMunicipalPeople'sGovernment"SFG[2004]No.38"andapprovedbyShenzhenAdministrationforIndustryandCommerce.OnMarch15,2006,theregisteredcapitaloftheCompanywasincreasedtoRMB31.92millionupontheresolutionoftheShareholders'MeetingoftheCompany,andchangeintheindustrialandcommercialregistrationwashandledonJuly24,2006.OnJune26,2007,theCompanyissuedRMB18.08millionordinaryshares(facevalueofeachshareisRMB
1)tothepublicwithanincreaseofregisteredcapitalofRMB18.08million,andtheregisteredcapitalafterthechangeisRMB50millionbytheapprovalof"ZJHNo.2007135"NoticeonApprovingtheInitialPublicOfferingofShenzhenTopbandElectronicTechnologyCo.,Ltd.byChinaSecuritiesRegulatoryCommission.TheinvestmentbusinesshasbeenverifiedbyShenzhenPengchengAccountingFirmCo.,Ltd.andthecapitalverificationreportSPSYZ[2007]No.059hasbeenissued.
OnAugust29,2008,accordingtotheresolutionoftheAnnualGeneralMeetingofShareholdersin2008,theCompanyincreasedtheregisteredcapitalbyRMB50millionwithcapitalreserve,andtheregisteredcapitalafterthechangewasRMB100million.ThecapitalincreasehasbeenverifiedbyShenzhenPengchengAccountingFirmCo.,Ltd.,andthecapitalverificationreportSPSYZ[2008]No.179hasbeenissued.
The3rdBoardofDirectorsoftheCompanydeliberatedandpassedthePlanontheDistributionofMid-termProfitsin2009atthe6thmeetingin2009:BasedonthetotalsharecapitaloftheCompanyattheendofthereportingperiodof100millionshares,4shareswereaddedinsharecapitalsper10sharesforallshareholdersregardingthecapitalreserves,andthetotalsharecapitalincreasedby40millionshares.Aftertheincreasebyconversion,thetotalsharecapitaloftheCompanyincreasedfrom100millionsharesto140millionshares.
OnApril7,2010,theCompanyheldameetingoftheBoardofDirectorstodeliberateandapprovetheprofitdistributionplanfor2009:Basedonthetotalsharecapitalof140millionsharesasofDecember31,2009,theCompanywillpaycashdividendsofRMB1.50(taxincluded)per10shares,andbasedonthetotalsharecapitalof140millionsharesasofDecember31,2009,2shareswillbeaddedper10shares.Aftertheincreasebyconversion,thetotalsharecapitaloftheCompanyincreasedfrom140millionsharesto168millionshares.
TheCompanyheldthe2ndMeetingofthe4thBoardofDirectorsin2012onMarch26,2012,deliberatedandpassedtheprofitdistributionplanfor2011:Basedonthetotalsharecapital168millionsharesoftheCompanyonDecember31,2011,2shareswereadditionallygiventoallshareholdersforevery10shares,andcashdividendofRMB2(taxincluded)wasdistributed.1sharewasaddedper10sharesforallshareholdersregardingthecapitalreserves.TheequitydistributionwascompletedonMay4,2012.Aftertheincreasebyconversion,thetotalsharecapitaloftheCompanyincreasedfrom168millionsharesto218.4millionshares.
Accordingtotheresolutionsof1stExtraordinaryGeneralMeetingofShareholdersoftheCompanyin2014,aftertheapprovalofZJXK[2014]No.1425ofChinaSecuritiesRegulatoryCommission,theCompany'snon-publicofferingdidnotexceed36.935679millionnewshares.OnFebruary5,2015,theCompanyprivatelyissued23,521,768ordinaryshares(Ashares)inRMBtospecificinvestorsatthepriceofRMB13.63pershare.Aftertheissuance,theregisteredcapitaloftheCompanywasincreasedtoRMB241,921,768.00.
AccordingtotheRevisedDraftoftheSecondOptionIncentivePlan(Draft)ofShenzhenTopbandCo.,Ltd.deliberatedandpassedbytheCompanyin2012AnnualGeneralMeetingofShareholdersandtheProposalontheSecondExercisePeriodoftheSecondPhaseStockOptionIncentivePlanMeetingwiththeExerciseConditionsandExercisableRights,whichwasdeliberatedandpassedbythe9thMeetingofthe5thBoardofDirectorsoftheCompany,thetotalexercisewas3,101,700stockoptionsin2015,exercisepricewasRMB5.72each.Afterexercise,theregisteredcapitaloftheCompanywasincreasedtoRMB245,023,468.00.
AccordingtotheRestrictedStockIncentivePlan(Draft)ofShenzhenTopbandCo.,Ltd.in2015approvedbythe2ndExtraordinaryGeneralMeetingofShareholdersin2015andtheProposalonAdjustingtheNumberofRestrictedStockIncentivePlansGrantedandListofIncentiveObjectsapprovedatthe18thMeetingofthe5thBoardofDirectors,theCompanygranted359incentiveobjectsrestrictedstocks17.633millionshares.TheregisteredcapitaloftheCompanywasincreasedtoRMB262,656,468.00aftertheissuance.
Accordingtotheresolutionofthe3rdExtraordinaryGeneralMeetingofShareholdersoftheCompanyin2015,andapprovedbytheReplytotheApprovalofNon-publicDevelopmentofSharesofShenzhenTopbandCo.,Ltd.issuedbyChinaSecuritiesRegulatoryCommission(ZJXK[2016]No.205),theCompanynon-publiclyissued35,864,345ordinaryshares(Ashares)inRMBtospecificinvestorsonMarch28,2016,withtheissuancepriceofRMB16.66pershare.TheregisteredcapitaloftheCompanywasincreasedtoRMB298,520,813.00aftertheissuance.
AccordingtotheRevisedDraftoftheSecondPhaseStockOptionIncentivePlan(Draft)ofShenzhenTopbandCo.,Ltd.deliberatedandpassedbythe2012AnnualGeneralMeetingofShareholdersoftheCompanyandtheProposalontheThirdExercisePeriodoftheSecondPhaseStockOptionIncentivePlanMeetingExerciseConditionsandExercisableRightsdeliberatedandpassedbythe23rdMeetingofthe5thBoardofDirectorsoftheCompany,atotalof4,594,000shareswereexercisedin2016.Afterexercise,theregisteredcapitaloftheCompanywasincreasedtoRMB303,114,813.00.
AccordingtotheProposalonRepurchaseandCancellationofSomeRestrictedStocksdeliberatedandpassedbythe24thMeetingofthe5thBoardofDirectorsoftheCompanyheldonApril26,2016,asfortheincentiveobjectwhoresignedduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,those72,000restrictedstocksthathavenotbeenunlockedheldbytheincentiveobjectwererepurchasedandcancelled.Aftercancellation,theregisteredcapitaloftheCompanywasreducedtoRMB303,042,813.00.
TheCompanyheldthe2015AnnualGeneralMeetingofShareholdersonMay11,2016andapprovedthe2015annualequitydistributionplan.BasedontheCompany'scurrenttotalsharecapitalof301,520,013shares,theCompanydistributedRMB1.50toallshareholdersforevery10shares.Atthesametime,theCompanyincreased5sharestoallshareholdersforevery10shareswiththecapitalaccumulationfund,andthecapitalincreasedbyRMB150,760,006.Afterthecapitalwasincreased,theCompany'sregisteredcapitalwasincreasedtoRMB453,802,819.00.
AccordingtotheProposalonRepurchaseandCancellationofSomeRestrictedStocksdeliberatedandpassedbythe28thMeetingofthe5thBoardofDirectorsoftheCompanyheldonOctober26,2016,asfortheincentiveobjectwhoresignedduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,
those331,500sharesofrestrictedstocksthathavenotbeenunlockedheldbytheincentiveobjectwererepurchasedandcancelled.Aftercancellation,theregisteredcapitaloftheCompanywasreducedtoRMB453,471,319.00.The2016AnnualGeneralMeetingofShareholdersoftheCompanywasheldonApril11,2017,andthe2016annualequitydistributionplanwasapproved.BasedontheCompany'sexistingtotalsharecapitalof453,471,319shares,theCompanydistributedRMB1.50incashtoallshareholdersforevery10shares.Atthesametime,theCompanyincreased5sharestoallshareholdersforevery10shareswiththecapitalaccumulationfund,andthecapitalincreasedbyRMB226,735,659.Afterthecapitalincreased,theregisteredcapitaloftheCompanywasincreasedtoRMB680,206,978.00.AccordingtotheProposalonRepurchaseandCancellationofSomeRestrictedStocksdeliberatedandpassedbythe32ndMeetingofthe5thBoardofDirectorsoftheCompanyheldonJune13,2017,asfortheincentiveobjectwhoresignedduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,the346,500restrictedstocksthathavenotbeenunlockedheldbytheincentiveobjectwererepurchasedandcancelled.Aftercancellation,theregisteredcapitaloftheCompanywasreducedtoRMB679,860,478.00.
The2017AnnualGeneralMeetingofShareholdersoftheCompanywasheldonApril17,2018,andthe2017annualequitydistributionplanwasapproved.BasedontheCompany'sexistingtotalsharecapitalof679,860,478shares,theCompanydistributedRMB1.0incashtoallshareholdersforevery10shares.Atthesametime,theCompanyincreased5sharestoallshareholdersforevery10shareswiththecapitalaccumulationfund,andthecapitalincreasedbyRMB339,930,239.00.Afterthecapitalincreased,theregisteredcapitaloftheCompanywasincreasedtoRMB1,019,790,717.00.
AccordingtotheProposalonRepurchaseandCancellationofSomeRestrictedStocksdeliberatedandpassedbythe6thMeetingofthe6thBoardofDirectorsoftheCompanyheldonJuly27,2018,asfortheincentiveobjectwhoresignedduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,the744,186restrictedstocksthathavenotbeenunlockedheldbytheincentiveobjectwererepurchasedandcancelled.Aftercancellation,theregisteredcapitaloftheCompanywasreducedtoRMB1,019,046,531.00.
AccordingtotheProposalonRepurchaseandCancellationofSomeRestrictedStocksdeliberatedandpassedbythe6thMeetingofthe6thBoardofDirectorsoftheCompanyheldonJuly27,2018,asfortheincentiveobjectwhoresignedduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,the744,186restrictedstocksthathavenotbeenunlockedheldbytheincentiveobjectwererepurchasedandcancelled.Aftercancellation,theregisteredcapitaloftheCompanywasreducedtoRMB1,019,046,531.00.
AccordingtotheProposalonRepurchaseandCancellationofSomeRestrictedStocksdeliberatedandpassedbythe15thMeetingofthe6thBoardofDirectorssessionCompanyheldonJuly26,2019,asfortheincentiveobjectwhoresignedduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,the310,800restrictedstocksthathavenotbeenunlockedheldbytheincentiveobjectwererepurchasedandcancelled.Aftercancellation,theregisteredcapitaloftheCompanywasreducedtoRMB1,018,735,692.Withtheapprovalof"SZS[2019]No.164Document"issuedbyShenzhenStockExchange,theCompany'sRMB573millionconvertiblecorporatebondswillbelistedandtradedinShenzhenStockExchangefromApril8,2019.SinceSeptember16,2019,bondholderscanexercisetherighttotransfershares.AsofDecember31,2019,theCompany
hastransferred2,223.00sharesofbondsandincreasedthesharecapitalbyRMB40,077.00.Afterthesharetransfer,theregisteredcapitaloftheCompanywillincreasetoRMB1,018,775,769.00.The22ndMeetingofthe6thBoardofDirectorsdeliberatedandpassedtheProposalontheFirstExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRightsandProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan:
thereare606incentiveobjectsinthefirstexerciseperiodofthe2018stockoptionincentiveplanintheCompany,intotalof12.0147millionstockoptions,thatmeettheexerciseconditionsandcanbeexercised.TheCompanyplanstoadopttheindependentexercisemode.AsofDecember31,2020,606incentiveobjectsinthefirstexerciseperiodhadcompletedtheexerciseof12.0147millionstockoptions,increasedtheCompany'ssharecapitalbyRMB
12.0147million,andthesharecapitalincreasedtoRMB1,030,790,469.00aftertheexerciseofthestockoptions.
Accordingtothe"SZS[2019]No.164Document"bytheShenzhenStockExchange,theCompany'sconvertiblecorporatebondsofRMB573millionarelistedandtradedonShenzhenStockExchangefromApril8,2019.SinceSeptember16,2019,thebondholderscanexercisetheequitytransfer.In2020,atotalof5,712,224.00bondswereconvertedintoshares,increasingthesharecapitalbyRMB104,426,340.00.Aftertheconversion,theregisteredcapitaloftheCompanywasincreasedtoRMB1,135,216,809.00.
OnAugust18,2020,theChinaSecuritiesRegulatoryCommissionissuedtheReplyonApprovingtheNon-PublicOfferingofSharesbyShenzhenTopbandCo.,Ltd.(ZJXK[2020]No.1865),andapprovedtheCompany'snon-publicofferingofnomorethan309,243,655newshares,InJune2021,thenon-publicissuanceof92,105,263newshareswaslistedontheStockExchange,withtheregisteredcapitalincreasedbyRMB92,105,263,andtheCompany'sregisteredcapitalincreasedtoRMB1,238,254,672.00afterthechange.
InNovember2021,theCompanygranted33,544,320restrictedstocksto1,224eligibleincentiveobjectsonNovember2,2021,thegrantdate,atagrantpriceofRMB7.23pershare.Therestrictedstocksaresetwitharestrictedperiod.Inthethreefiscalyearsfrom2022to2024,theperformanceassessmentwillbecarriedoutonanannualbasisandtherestrictedstockswillbeliftedataratioof30%,30%and40%,respectively.The14,838,920sharesgrantedcomefromtherepurchaseshares,and18,705,400sharescomefromprivateplacement.Bygrantingtherestrictedstocks,theregisteredcapitaloftheCompanyincreasesby18,705,400shares,andtheregisteredcapitalincreasetoRMB1,256,978,072.00afterthechange.
OnMarch18,2022,the21stMeetingofthe7thBoardofDirectorsandthe17thMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalontheThirdExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRightsandtheProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan.Therewere543incentiveobjectsinthethirdexerciseperiodtoexercisetheirrightsindependentlyandatotalof14.0493millionstockoptionsmeetingtheexerciseconditions.TheCompany'ssharecapitalincreasedbyRMB14.0493millionduetotheexerciseofstockoptions.Afterthestockoptionsareexercised,thesharecapitalwillincreasetoRMB1,271,027,372.00.
TheCompanyheldthe23rd(Extraordinary)Meetingofthe7thBoardofDirectorsonMarch30,2022,the27th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe22nd(Extraordinary)Meetingofthe7thBoardofSupervisorsonAugust18,2022,deliberatedandpassedtheProposalontheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021,describingasforthe
incentiveobjectwhoresignedduetopersonalreasonsandnolongermettheconditionsofbecomingtheincentiveobject,the1.492millionrestrictedstocksthathavenotbeenunlockedheldwererepurchasedandcancelled.Byrepurchasingandcancellingtherestrictedstocks,thenumberofrestrictedstocksoftheCompanydecreasedby
1.492millionshares,andthesharecapitaldecreasedtoRMB1,269,535,372.00.
(III)IssueforfinancialreportsThefinancialreportisapprovedandsubmittedbytheBoardofDirectorsoftheCompanyonMarch29,2023.Thereareatotalof39subsidiariesandsub-subsidiariesincludedinthescopeoftheconsolidatedstatementthistime,asshowninNoteIX.(I);duringthereportingperiod,4companieswerenewlyincludedinthescopeofconsolidation,allofwhichwerenewly-establishedsubsidiariesorsub-subsidiaries,asshowninNoteVIII.(V).IV.Preparationbasisofthefinancialstatement
1.BasisofpreparationThefinancialstatementsarebasedontheassumptionofcontinuationoftheCompany,accordingtotheactualtransactions,inaccordancewiththerelevantprovisionsoftheaccountingstandardsforbusinessenterprises,andbasedonthefollowingimportantaccountingpoliciesandaccountingestimates.
2.ContinuationTheCompanyhasnomajordoubtontheabilityofcontinuationandotherinfluencingfactorsfor12monthssincetheendofthereportingperiod.V.Significantaccountingpoliciesandaccountingestimates
Specificaccountingpoliciesandaccountingestimatesreminders:
None
1.StatementoncompliancewithAccountingStandardsforBusinessEnterprisesThefinancialstatementspreparedonthebasisofabovecompilingfoundationgiveatrueandfullviewofthefinancialposition,operatingresults,cashflowandotherrelevantinformationoftheCompany,conformingtotherequirementsofthelatestaccountingstandardsforbusinessenterprisesanditsapplicationguidelines,interpretationsaswellasotherrelevantprovisions(collectivelyreferredtoas"accountingstandardsforbusinessenterprises")issuedbytheMinistryofFinance.
Additionally,thepresentationanddisclosurerequirementsoftheNo.15RulesforthePreparationandPresentationofInformationDisclosureofCompaniesOfferingSecuritiestothePublic-GeneralProvisionsonFinancialReporting(revisedin2014)andtheNoticeonMattersRelatedtotheImplementationoftheNewAccountingStandardsforBusinessEnterprisesbyListedCompanies(No.453letterfromAccountingDepartment[2018]weretakenasreferenceinthesefinancialreportsissuedbytheCSRC.
2.AccountingperiodThefiscalyearoftheCompanyadoptstheGregoriancalendaryear,thatis,fromJanuary1toDecember31everyyear.
3.Operatingcycle
ThefinancialyearoftheCompanyadoptstheGregoriancalendaryear,thatis,fromJanuary1toDecember31everyyear.
4.Recordingcurrency
ThebookkeepingbasecurrencyisRMBfortheCompany.TheCompany'soverseassubsidiariesmaydeterminetheirownbookkeepingbasecurrenciesbasedonthecurrenciesinthemaineconomicenvironmentsfortheiroperation.Inpreparationoffinancialstatements,thecurrencyusedisRMB.
5.Accountingtreatmentforconsolidationunderthesamecontrolandunderdifferentcontrol
1.Accountingtreatmentforconsolidationunderthesamecontrol
AssetsandliabilitiesobtainedbytheCompanyintheconsolidationunderthesamecontrolrealizedthroughonetransactionormultipletransactionsstepbystepwereaccountedbasedonbookvalueofassetsandliabilitiesoftheconsolidatedpartyintheconsolidatedfinancialstatementsofthefinalcontrolleronconsolidationdate.CapitalreservesshouldbeadjustedaccordingtodifferencebetweenthebookvalueofnetassetsobtainedbytheCompanyandthepaymentforthebookvalueofconsolidationconsideration(ortotalnominalvalueoftheissuedshares).Ifthecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeoffset.
2.Accountingtreatmentforconsolidationunderdifferentcontrol
TheCompany,atthedateofacquisition,recognizesthedifferenceofthecombinationcostgreaterthanthefairvalueshareoftheAcquiree'snetidentifiableassetsobtainedinthecombinationasgoodwill;ifthecombinationcostislessthanthefairvalueshareoftheAcquiree'snetidentifiableassetsobtainedinthecombination,theCompanyfirstre-checksthefairvalueoftheAcquiree'sidentifiableassets,liabilitiesandcontingentliabilitiesaswellasthemeasurementofcombinationcost.Thedifferenceshallbeincludedinthecurrentprofitsandlosses,ifthecombinationcostisstilllessthanthefairvalueshareoftheAcquiree'snetidentifiableassetsobtainedinthecombination.
Theconsolidationunderdifferentcontrolrealizedstepbystepthroughmultipletransactionsshallbetreatedasfollows:
(1)Adjustingtheinitialinvestmentcostoflong-termequityinvestment.Iftheequityheldbeforetheacquisitiondateiscalculatedwiththeequitymethod,itshallbere-measuredasperthefairvalueoftheequityatthedateofacquisition,andthedifferencebetweenthefairvalueanditsbookvalueshallbeincludedinthecurrentinvestmentincome;iftheequityoftheacquireeheldbeforetheacquisitiondateinvolveschangesinothercomprehensiveincomeandotherequityaccountedundertheequitymethod,itshallbetransferredtothecurrent
incomeontheacquisitiondate,excludingothercomprehensiveincomearisingfromchangesinnetliabilitiesornetassetsofthedefinedbenefitplanandchangesinthefairvalueofotherequityinstrumentsheldre-measuredbytheinvestee.
(2)Recognizinggoodwill(oramountincludedinthecurrentprofitsandlosses).Theinitialinvestmentcostoflong-termequityinvestmentafterthefirststepadjustmentiscomparedwiththefairvalueshareofnetidentifiableassetsofsubsidiariesatthedateofacquisition.Iftheformerisgreaterthanthelatter,thedifferenceisrecognizedasgoodwill;otherwise,itisincludedinthecurrentprofitsandlosses.
Thesituationofdisposingequitystepbystepthroughmultipletransactionstolosingcontroloversubsidiaries
(1)Judgingwhetherthetransactionsintheprocessofdisposingequitystepbysteptolosingcontroloversubsidiariesbelongtotheprincipleof"packagetransaction"
Theterms,conditionsandeconomicimpactoftransactionsrelatingtodisposalofequityinvestmentinsubsidiariesmeetoneormoreofthefollowingcircumstances,whichgenerallyindicatesthatmultipletransactionsshouldbeaccountedforasapackagetransaction:
1)Suchtransactionsareconcludedatthesametimeorunderthesituationofconsideringtheimpactoneachother;
2)Onlycantheunityofsuchtransactionsreachanintegralcommercialresult;
3)Theoccurrenceofatransactionisbasedontheoccurrenceofatleastoneofothertransactions;
4)Atransactionisregardedasuneconomic,butbeingeconomicwhenregardedalongwithothertransactions.
(2)Accountingtreatmentfortransactionsintheprocessofdisposingequitystepbysteptolosingcontroloversubsidiariesbelongingto"packagetransaction"
Ifthetransactionsrelatingtodisposalofequityinvestmentinsubsidiariestolosingcontroloversubsidiariesbelongto"packagetransaction",theseshallbetreatedasatransactionfordisposingthesubsidiaryandlosingcontrol;however,thedifferencebetweenthepriceofeverydisposalandthenetassetsshareheldinthesubsidiarycorrespondingtothedisposalofinvestmentbeforelosingcontrolshallberecognizedasotherconsolidatedincomeintheconsolidatedfinancialstatements,whichshallbetransferredtothecurrentprofitsandlossesatthetimeoflosingcontrol.
Intheconsolidatedfinancialstatements,theremainingequityshallbere-measuredaccordingtoitsfairvalueonthedateoflosingcontrol.Thedifferencebetweenthesumofconsiderationobtainedfromequitydisposalandfairvalueofremainingequitylessthenetassetsshareheldinoriginalsubsidiaryandcontinuouslycalculatedfromthedateofacquisitionaspertheoriginalshareholdingratioshallbeincludedintheinvestmentincomeofthecurrentperiodoflossofcontrol.Othercomprehensiveincomerelatedtotheequityinvestmentinoriginalsubsidiaryshallbetransferredtothecurrentinvestmentincomeorretainedearningsatthetimeoflosingcontrol.
(3)Accountingtreatmentfortransactionsintheprocessofdisposingequitystepbysteptolosingcontroloversubsidiariesnotbelongingto"packagetransaction"
Ifnolossofcontroloccursinthedisposaloftheinvestmentinthesubsidiary,thedifferencebetweenthedisposalpriceandthenetassetsshareheldinthesubsidiarycorrespondingtothedisposalofinvestmentinthe
consolidatedfinancialstatementsshallbeincludedinthecapitalreserve(capitalpremiumorsharepremium).Ifthecapitalpremiumisinsufficienttooffset,theretainedearningsshallbeadjusted.Incaseoflossofcontroloftheinvestmentofthesubsidiary,intheconsolidatedfinancialstatements,theremainingequityshallbere-measuredaccordingtoitsfairvalueonthedateoflosingcontrol.Thedifferencebetweenthesumofconsiderationobtainedfromequitydisposalandfairvalueofremainingequitylessthenetassetsshareheldinoriginalsubsidiaryandcontinuouslycalculatedfromthedateofacquisitionaspertheoriginalshareholdingratioshallbeincludedintheinvestmentincomeofthecurrentperiodoflossofcontrol.Othercomprehensiveincomerelatedtotheequityinvestmentinoriginalsubsidiaryshallbetransferredtothecurrentinvestmentincomeorretainedearningsatthetimeoflosingcontrol.
6.Compilingmethodofconsolidatedfinancialstatements
Theconsolidatedfinancialstatements,basedonthefinancialstatementsoftheparentcompanyanditssubsidiaries,arepreparedbytheCompanyinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.33-ConsolidatedFinancialStatementsandwithreferencetootherrelevantinformation.
7.Classificationofjointventurearrangementsandaccountingtreatmentforjointoperation
1.Identificationandclassificationofjointventurearrangements
Jointventurearrangementreferstoanarrangementunderjointcontrolbytwoormoreparties.Thejointventurearrangementhasthefollowingfeatures:(1)allpartiesareboundbythearrangement;(2)twoormorepartiesjointlycontrolthearrangement.Nosinglepartycancontrolthearrangementsolely,andanypartywithjointcontroloverthearrangementcanpreventotherpartiesoracombinationofpartyalliancefromcontrollingthearrangementalone.
Jointcontrolreferstothecommoncontrolofanarrangementinaccordancewithrelevantagreements,andtheactivitiesrelatedtothearrangementmustbeagreeduponbythepartiesholdingcontrolrightbeforethedecisioncanbemade.
Jointventurearrangementincludesjointoperationandjointventure.Jointoperationisthejointventurearrangementinwhichthejointventurepartyholdstherelevantassetsofthearrangementandassumestherelevantliabilities.Jointventurereferstoajointventurearrangementinwhichthejointventurepartyhasrightsonlytothenetassetsofthearrangement.
2.Accountingtreatmentforjointventurearrangement
Partiesinjointoperationshallrecognizethefollowingitemsrelatedtotheirshareofinterestsinjointoperation,andperformaccountingtreatmentinaccordancewiththerelevantprovisionsoftheAccountingStandardsforBusinessEnterprises:(1)recognizetheassetsheldseparatelyandthoseheldjointlyaspertheirshare;
(2)recognizetheliabilitiesassumedseparatelyandthoseassumedjointlyaspertheirshare;(3)recognizetheincomegeneratedfromthesaleofitsshareofjointoperationoutput;(4)recognizetheincomefromthesaleoftheoutputofthejointoperationasperitsshare;(5)recognizetheexpensesincurredseparatelyandthoseincurredinthejointoperationasperitsshare.
ThepartiesofajointventureshallmakeaccountingtreatmentfortheinvestmentinthejointventureinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.2-Long-TermEquityInvestment.
8.Standardsfordeterminingcashandcashequivalents
Cashinthecashflowstatementreferstocashonhandanddepositsthatareavailableforpaymentatanytime.Cashequivalentsrefertoinvestmentswithshortterm(generallyduewithinthreemonthsfromthedateofpurchase),strongliquidity,easytoconvertintoknownamountofcashandlowriskofvaluechange.
9.Foreigncurrencytransactionandforeigncurrencystatementtranslation
1.Thetranslationofforeigncurrencytransactions
Whenforeigncurrencytransactionsareinitiallyrecognized,theyareconvertedintoRMBatthespotexchangerateonthetransactiondate.Onthebalancesheetdate,foreigncurrencymonetaryitemsaretranslatedatthespotexchangerateonthebalancesheetdate.Theexchangedifferencearisingfromdifferentexchangeratesshallbeincludedinthecurrentprofitsandlosses,exceptfortheexchangedifferenceoftheprincipalandinterestofforeigncurrencyspecialborrowingsrelatedtotheacquisitionandconstructionofassetsthatmeetthecapitalizationconditions;foreigncurrencynon-monetaryitemsmeasuredathistoricalcostshallbetranslatedatthespotexchangerateonthetransactiondate,withtheamountinRMBmaintainingunchanged;foreigncurrencynon-monetaryitemsmeasuredatfairvalueshallbetranslatedatthespotexchangerateonthedateofdeterminingfairvalue,withthedifferenceincludedinthecurrentprofitsandlossesorothercomprehensiveincome.
Thenon-monetaryitemswouldbeconvertedasperthespotexchangerateofthedatewhenthefairvalueisdetermined,andthedifferenceresultedwouldbeincludedinthecurrentprofitandlossaccountorothercomprehensiveincome.
2.Translationofforeigncurrencyfinancialstatements
Theassetsandliabilitiesinbalancesheetshallbetranslatedatthespotexchangerateonthebalancesheetdate;exceptforthe"retainedearnings",otheritemsintheowner'sequityshallbeconvertedatthespotexchangerateonthetransactiondate;theincomeandexpenseintheincomestatementshallbeconvertedatthespotexchangerateonthetransactiondate.Thedifferenceintranslationofforeigncurrencyfinancialstatementsgeneratedfromtheaboveconversionisrecognizedasothercomprehensiveincome.
10.Financialinstruments
1.Recognitionandderecognitionoffinancialinstruments
WhentheCompanybecomesonepartyofthefinancialinstrumentcontract,itshallrecognizeafinancialassetorfinancialliability.
Thetradingoffinancialassetsinaconventionalmannershallberecognizedandderecognizedaccordingtotheaccountingofthetradingday.Conventionaltradingoffinancialassetsreferstothecollectionordeliveryoffinancialassetswithinthetimelimitspecifiedbylawsandregulationsorcommonpracticeinaccordancewiththetermsofthecontract.TradingdayreferstothedatewhentheCompanypromisestobuyorsellfinancialassets.
Ifthefollowingconditionsaremet,thefinancialassets(orapartoffinancialassets,orapartofasetofsimilarfinancialassets)shallbederecognized,i.e.,theyshallbewrittenofffromitsaccountsandbalancesheets:
(1)Therighttoreceivecashflowoffinancialassetshasexpired;
(2)Therighttoreceivecashflowoffinancialassetshasbeentransferred,ortheCompanyhasassumedtheobligationtotimelypaythefullamountofthecashflowreceivedtoathirdpartyunderthe"transferagreement";and(a)hastransferredsubstantiallyalltherisksandrewardsfromtheownershipoffinancialassets,or(b)abandonedthecontrolofthefinancialasset,thoughalmostallrisksandrewardsfromtheownershipofthefinancialassetareneithertransferrednorretained.
2.Classificationandmeasurementoffinancialassets
Atthetimeofinitialrecognition,thefinancialassetsoftheCompanyareclassifiedaccordingtotheCompany'sbusinessmodelforthemanagementoffinancialassetsandthecontractualcashflowcharacteristicsoffinancialassetsasfollows:financialassetsmeasuredatamortizedcost,financialassetsmeasuredatfairvaluethroughothercomprehensiveincome,andfinancialassetsmeasuredatfairvaluethroughcurrentprofitsandlosses.Thesubsequentmeasurementoffinancialassetsdependsonitsclassification.
TheclassificationoffinancialassetsisbasedontheCompany'sbusinessmodelforthemanagementoffinancialassetsandthecashflowcharacteristicsoffinancialassets.
(1)Financialassetsmeasuredatamortizedcost
Financialassetsthatmeetthefollowingconditionsatthesametimeareclassifiedasfinancialassetsmeasuredatamortizedcost:theCompany'sbusinessmodeofmanagingthefinancialassetsistocollectthecontractcashflowasthetarget;thecontracttermsofthefinancialassetstipulatethatthecashflowgeneratedonaspecificdateisonlythepaymentofprincipalandinterestbasedontheamountofoutstandingprincipal.Forsuchfinancialassets,theeffectiveinterestratemethodisadopted,andsubsequentmeasurementismadeatamortizedcost,andthegainsorlossesarisingfromamortizationorimpairmentareincludedinthecurrentprofitsandlosses.
(2)Debtinstrumentsinvestmentmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome
Financialassetsthatmeetthefollowingconditionsatthesametimeareclassifiedasfinancialassetsmeasuredatfairvaluewiththeirchangesincludedinothercomprehensiveincome:theCompany'sbusinessmodeofmanagingthefinancialassetsaimstocollectthecontractcashflowandsellthem;thecontracttermsofthefinancialassetstipulatethatthecashflowgeneratedonaspecificdateisonlythepaymentofprincipalandinterestbasedontheamountofoutstandingprincipal.Forsuchfinancialassets,fairvalueisadoptedforsubsequentmeasurement.Thediscountorpremiumisamortizedusingtheeffectiveinterestratemethodandrecognizedasinterestincomeorexpense.Excepttheimpairmentlossandtheexchangedifferenceofforeigncurrencymonetaryfinancialassetsarerecognizedasthecurrentprofitsandlosses,thechangesinthefairvalueofsuchfinancialassetsarerecognizedasothercomprehensiveincomeuntiltheiraccumulatedgainsorlossesaretransferredintothecurrentprofitsandlosseswhenthefinancialassetisderecognized.Interestincomerelatedtosuchfinancialassetsisincludedinthecurrentprofitsandlosses.
(3)Equityinstrumentsinvestmentmeasuredatfairvaluewithchangesincludedinothercomprehensiveincome
TheCompanyirrevocablychoosestodesignatepartofthenon-tradableequityinstrumentinvestmentasfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincome.Onlytherelevantdividendincomeisincludedinthecurrentprofitsandlosses,andthechangesinfairvaluearerecognizedasothercomprehensiveincome,untiltheiraccumulatedgainsorlossesaretransferredintoretainedearningswhenthefinancialassetisderecognized.
(4)Financialassetsmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses
Thefinancialassetsotherthantheabovefinancialassetsmeasuredatamortizedcostandthoseatfairvaluethroughothercomprehensiveincomeareclassifiedasfinancialassetsmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses.Atthetimeofinitialrecognition,forthepurposeofeliminationorsignificantreductionofaccountingmismatch,financialassetscanbedesignatedasthosemeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses.Forsuchfinancialassets,fairvalueisusedforsubsequentmeasurement,andallchangesinfairvalueareincludedinthecurrentprofitsandlosses.
IfandonlywhentheCompanychangesthebusinessmodelformanagingfinancialassets,itwillreclassifyalltheaffectedfinancialassets.
Forthefinancialassetsmeasuredatfairvalueandwhosechangesareincludedinthecurrentprofitsandlosses,therelevanttransactioncostsaredirectlyincludedinthecurrentprofitsandlosses,andsuchcostsofothertypesoffinancialassetsareincludedintheinitialrecognitionamount.
3.Classificationandmeasurementoffinancialliabilities
Duringinitialrecognition,theCompany'sfinancialliabilitiesareclassifiedas:"financialliabilitiesmeasuredatamortizationcost"and"financialliabilitiesmeasuredatfairvaluewiththeirchangesincludedintothecurrentprofitandloss".
Financialliabilitiessatisfyingoneofthefollowingrequirementscanbedesignatedasfinancialliabilitiesmeasuredatfairvaluewiththeirchangesincludedinthecurrentprofitandlossduringinitialmeasurement:(1)Suchdesignationcaneliminateorremarkablyreducetheaccountingmismatch;(2)Accordingtogroupriskmanagementorinvestmentstrategyintheformalwrittendocuments,themanagementandperformanceevaluationoftheportfoliooffinancialliabilitiesorportfoliooffinancialassetsandfinancialliabilitiesareconductedonthebasisoffairprice,andwithinthegroup,itisreportedtothekeymanagementpersonnelonsuchbasis;(3)Suchfinancialliabilitiesincludeembeddedderivativesrequiringseparatesplitting.
TheCompanydeterminestheclassificationoffinancialliabilitiesatthetimeoftheinitialrecognition.Forthefinancialliabilitiesmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses,therelevanttransactioncostsaredirectlyincludedinthecurrentprofitsandlosses,andsuchcostsofotherfinancialliabilitiesareincludedintheinitialrecognitionamount.
Thesubsequentmeasurementoffinancialliabilitiesdependsonitsclassification:
(1)Financialliabilitiesmeasuredatamortizedcost
Forsuchfinancialliabilities,theeffectiveinterestratemethodisadoptedandthesubsequentmeasurementisconductedaspertheamortizedcost.
(2)Financialliabilitiesmeasuredatfairvaluewithchangesincludedinthecurrentprofitsandlosses
Suchfinancialliabilitiesincludetradablefinancialliabilities(includingderivativesthatbelongtofinancialliabilities)andfinancialliabilitiesdesignateduponinitialrecognitionasthosemeasuredatfairvaluewithchangesincludedinthecurrentprofitsorlosses.
4.Setoffoffinancialinstruments
Ifthefollowingconditionsaremetatthesametime,financialassetsandfinancialliabilitiesarepresentedinthebalancesheetatthenetamountafteroffsettingeachother:theCompanyhasthelegalrighttooffsettherecognizedamount,whichiscurrentlyenforceable;theyplantosettleatthenetamount,orrealizethefinancialassetsandpayoffthefinancialliabilitiesatthesametime.
5.Impairmentoffinancialassets
TheCompanyrecognizesthelossprovisionbasedontheexpectedcreditlossforthefinancialassetsmeasuredattheamortizedcost,thedebtinstrumentinvestmentandfinancialguaranteecontractmeasuredatthefairvalueandwhosechangesareincludedinothercomprehensiveincome.Theterm"creditloss"referstothedifferencebetweenallthecontractualcashflowsthattheCompanydiscountedattheoriginaleffectiveinterestrateandreceivedaccordingtothecontractandalltheexpectedcashflows,i.e.,thepresentvalueofallthecashshortage.
Uponconsideringallreasonableandwell-foundedinformation(includingforward-lookinginformation),theCompanyestimatestheexpectedcreditimpairmentlossiswithdrawnfor"financialassetsmeasuredatamortizedcost"and"financialasset(debtinstruments)measuredatfairvaluewiththeirchangesincludedinothercomprehensiveincome"insingleorcombinedmanner.
(1)Generalmodelofexpectedcreditloss
Ifthecreditriskofthisfinancialinstrumenthasincreasedobviouslysinceinitialrecognition,theCompanywillmeasurethelossreservesaccordingtotheexpectedcreditlossamountofsuchfinancialinstrumentinthewholeduration;ifthecreditriskofthisfinancialinstrumenthasn'tincreasedobviouslysinceinitialrecognition,theCompanywillmeasurethelossreservesaccordingtotheexpectedcreditlossamountofsuchfinancialinstrumentinthenext12months.Theincreasedorreversedamountofthelossprovisionsarisingtherefromshallbeincludedinthecurrentprofitsandlossesasimpairmentlossesorgains.ThespecificassessmentofcreditriskbytheCompanyisdetailedintheNote"IX.RisksAssociatedwithFinancialInstruments".
Generally,incaseofoverdueformorethan30days,theCompanywillconsiderthatthecreditriskofsuchfinancialinstrumenthasincreasedobviously,unlessconclusiveevidenceisavailabletoprovethatthecreditriskofsuchfinancialinstrumenthasn'tobviouslyincreasedsincetheinitialrecognition.
Tobespecific,theCompanydividesthecreditimpairmentprocessoffinancialinstrumentsthathavenotbeenimpairedatthetimeofpurchaseororiginationintothreestages,withdifferentaccountingtreatmentfortheimpairmentoffinancialinstrumentsatdifferentstages:
Firststage:creditriskhasnotincreasedsignificantlysinceinitialrecognition
Forthefinancialinstrumentatthisstage,theenterpriseshallmeasurethelossprovisionaccordingtotheexpectedcreditlossinthenext12months,andcalculatetheinterestincomeasperitsbookbalance(i.e.withoutdeductingtheimpairmentprovision)andtheactualinterestrate(iftheinstrumentisafinancialasset,thesamebelow).
Secondstage:thecreditriskhasincreasedsignificantlysincetheinitialrecognition,butthecreditimpairmenthasnotoccurred
Forthefinancialinstrumentatthisstage,theenterpriseshallmeasurethelossprovisionaccordingtotheexpectedcreditlossoftheinstrumentthoughtthewholeduration,andcalculatetheinterestincomeasperitsbookbalanceandtheactualinterestrate.
Thirdstage:creditimpairmentoccursafterinitialrecognition
Forthefinancialinstrumentatthisstage,theenterpriseshallmeasurethelossprovisionaccordingtotheexpectedcreditlossoftheinstrumentthoughtthewholeduration,butthecalculationofinterestincomeisdifferentfromthefinancialassetsatthefirsttwostages.Forthefinancialassetswithcreditimpairment,theenterpriseshallcalculatetheinterestincomeaccordingtoitsamortizedcost(bookbalanceminusaccruedprovisionforimpairment,i.e.bookvalue)andtheactualinterestrate.
Forthefinancialassetswithcreditimpairmentatthetimeofpurchaseororigination,theenterpriseshallonlyrecognizethechangeofexpectedcreditlossinthewholedurationafterinitialrecognitionaslossprovision,andcalculatetheinterestincomeasperitsamortizedcostandtheeffectiveinterestrateadjustedbycredit.
(2)Forfinancialinstrumentswithlowcreditriskonthebalancesheetdate,theCompanydirectlyassumesthatthecreditriskofsuchinstrumentshasnotincreasedsignificantlysincetheinitialrecognition,whilenotcomparingthemwiththecreditriskatthetimeofinitialrecognition.
Afinancialinstrumentmaybeconsideredtohavealowercreditriskiftheenterpriserecognizesthatthefinancialinstrumentsfeaturelowdefaultrisk,theborrowerisabletofulfillitsobligationstopaythecontractualcashflowintheshortterm,andthatevenifthereareadversechangesineconomicsituationandoperatingenvironmentoveralongerperiodoftime,itdoesnotnecessarilyreducetheborrower'sabilitytofulfillitsobligationstopaythecontractualcashflow.
(3)Receivablesandleasereceivables
TheCompanymeasuresthelossprovisionsaspertheamountofexpectedcreditlossesthroughoutthewholedurationbytheuseofsimplifiedmodelforexpectedcreditlossforreceivablesspecifiedinAccountingStandardsforBusinessEnterprisesNo.14-Income,excludingsignificantfinancingcomponents(includingcasesinwhichfinancingcomponentsincontractsnotexceedingoneyeararenottakenintoaccountinaccordancewiththestandards).
TheCompanymakesaccountingpolicychoicestoadoptasimplifiedmodelforexpectedcreditloss,i.e.,measuringthelossprovisionsaspertheamountequivalenttotheexpectedcreditlossthroughoutthewholedurationforreceivablesincludingsignificantfinancingcomponentsandleasereceivablesregulatedbyAccountingStandardsforBusinessEnterprisesNo.21-Leasing.
6.Transferoffinancialassets
ThefinancialassetsshallbederecognizedwhentheCompanyhastransferredalltherisksandrewordsontheownershipofthefinancialassetstothetransferee.ThefinancialassetsshallnotbederecognizediftheCompanyretainsalltherisksandrewardsontheownershipofthefinancialassets.
IftheCompanyneithertransfersnorretainsalmostalltherisksandrewardsintheownershipofthefinancialasset,thefollowingconditionsshallbereferredto:ifitgivesupthecontroloverthefinancialasset,itshallterminatetherecognitionofthefinancialassetandrecognizetheassetsandliabilitiesgenerated;ifitdoesnotabandonthecontroloverthefinancialasset,therelevantfinancialassetsshallberecognizedaccordingtotheextenttowhichitcontinuestobeinvolvedinthetransferredfinancialasset,andtherelevantliabilitiesshallberecognizedaccordingly.
Ifthefinancialguaranteeisprovidedtothetransferredfinancialassetstocontinuetobeinvolved,theassetsgeneratedfromthecontinuedinvolvementshallberecognizedaccordingtothelowerofthebookvalueofthefinancialassetsandtheamountoffinancialguarantee.Financialguaranteeamountreferstothemaximumamountthatwillberequiredtoberepaidoutofconsiderationreceived.
11.Notesreceivable
TheCompanydividesnotesreceivableintotwoportfoliosofbankacceptancebillsandcommercialacceptancebillsbytypeoffinancialinstrument.Withrespecttobankacceptancebills,theCompanyconsidersitsoverduedefaultrisktobe0forithaslowoverduecreditlosswhichhasnotsignificantlyincreasedsincetheinitialrecognition,becausetheacceptancebankpaysthepayeeorholderacertainamountunconditionallywhenthebillisdue.Inrespectofcommercialacceptancebills,theCompanybelievesthattheprobabilityofdefaultiscorrelatedwiththeaging,andthebaddebtsshallbeaccruedaccordingtotheaccountingpolicyofexpectedcreditlossofaccountsreceivable.
12.Accountsreceivable
TheCompanymeasuresthelossprovisionsaspertheamountofexpectedcreditlossesthroughoutthewholedurationbytheuseofsimplifiedmodelforexpectedcreditlossforreceivablesspecifiedinAccountingStandardsforBusinessEnterprisesNo.14-Income,excludingsignificantfinancingcomponents(includingcasesinwhichfinancingcomponentsincontractsnotexceedingoneyeararenottakenintoaccountinaccordancewiththestandards).Theincreasedorreversedamountoflossprovisionsgeneratedtherefromshallbeincludedinthecurrentprofitsandlossesasimpairmentlossesorgains.
TheCompanyhasimplementedAccountingStandardNo.22-RecognitionandMeasurementofFinancialInstruments(CK[2017]No.7)sinceJanuary1,2019.TheCompanybelievesthattheprobabilityofdefaultisrelatedtotheaging,whichisstillamarkofwhetherthecreditriskoftheCompany'saccountsreceivableincreasessignificantly,afterithasreviewedtheappropriatenessoftheprovisionforbaddebtsreceivableinpreviousyearsbasedontheCompany'shistoricalbaddebtlosses.Therefore,creditrisklossoftheCompany'saccountsreceivableisstillestimatedonthebasisofagingaccordingtotheoriginallossratioofpreviousyears.TheaccountingpoliciesformeasuringoverduecreditlossofaccountsreceivableadoptedbytheCompanyareasfollows:
1.Receivableswithsignificantindividualamountandindividualprovisionforbaddebts
SignificantindividualamountreferstotheamountofwhichtheendingbalanceofindividualreceivablesismorethanRMB1million.
Attheendoftheperiod,aseparateimpairmenttestwillbecarriedoutontheindividualreceivableswithsignificantamount.Ifthereisobjectiveevidencethatitisimpaired,theimpairmentlossshallberecognizedwithprovisionforbaddebtsaccordingtothedifferencebetweenthepresentvalueoffuturecashflowandthebookvalue.
2.Receivableswithprovisionforbaddebtsbyportfolio
Theindividualreceivableswithnotsignificantamountattheendoftheperiod,togetherwiththereceivablesthathavenotbeenimpairedafterseparatetest,aredividedintoseveralportfoliosaccordingtotheagingasthecreditriskcharacteristics,andtheimpairmentlossiscalculatedanddeterminedaccordingtoacertainproportionoftheendingbalanceofthesereceivablesportfolio(theimpairmenttestcanbeconductedseparately),withprovisionforbaddebts.
Exceptforthereceivablesforwhichimpairmentprovisionhasbeenmadeseparately,theCompanydeterminestheproportionforfollowingbaddebtprovisionbasedontheactuallossrateoftheportfolioofthesameorsimilarreceivablesinpreviousyearswiththeagingofreceivablesasthecreditriskfeatureandincombinationwiththecurrentsituation:
Aging | Estimatedlossofaccountsreceivable(note) | Estimatedlossofotherreceivables |
Within1year(including1year) | 3.10% | 5.00% |
1-2years(including2years) | 9.04% | 10.00% |
2-3years(including3years) | 22.11% | 30.00% |
3-4years(including4years) | 47.51% | 50.00% |
4-5years(including5years) | 84.26% | 80.00% |
Above5years | 100.00% | 100.00% |
Including:thosethathavebeendeterminedtobeirrecoverable | Write-off | Write-off |
Note:whenmeasuringtheexpectedcreditlossofreceivables,theCompanyhasreferredtothehistoricalexperienceofcreditlossandadjusteditbasedonforward-lookingestimates.
3.Receivableswithnotsignificantamountbutwithsingleprovisionforbaddebts
Reasonsforindividualprovisionforbaddebts:theCompanyconductsaseparateimpairmenttestforthereceivableswiththefollowingcharacteristics,althoughitsamountisnotsignificant.Ifthereisobjectiveevidencethatthereceivablesareimpaired,theimpairmentlossshallberecognizedwithprovisionforbaddebtsaccordingtothedifferencebetweenthepresentvalueoffuturecashflowandthebookvalue;receivablesthatareindisputewiththeotherpartyorinvolvedinlitigationorarbitration;receivablesthathaveobviousindicationsthatthedebtorislikelytobeunabletoperformtherepaymentobligation,etc.
Methodforbaddebtprovision:theimpairmenttestshallbeconductedseparately.Ifthereisobjectiveevidencethatithasbeenimpaired,theimpairmentlossshallberecognizedwithprovisionforbaddebtsaccordingtothedifferencebetweenthepresentvalueoffuturecashflowanditsbookvalue.
TheCompanymeasuresthelossprovisionsaspertheamountofexpectedcreditlossesthroughoutthewholedurationbytheuseofsimplifiedmodelforexpectedcreditlossforreceivablesspecifiedinAccountingStandardsforBusinessEnterprisesNo.14-Income,excludingsignificantfinancingcomponents(includingcasesinwhich
financingcomponentsincontractsnotexceedingoneyeararenottakenintoaccountinaccordancewiththestandards).Theincreasedorreversedamountoflossprovisionsgeneratedtherefromshallbeincludedinthecurrentprofitsandlossesasimpairmentlossesorgains.
13.Receivablesfinancing
Financialassetsthatmeetthefollowingconditionsatthesametimeareclassifiedasfinancialassetsmeasuredatfairvaluewiththeirchangesincludedinothercomprehensiveincome:theCompany'sbusinessmodeofmanagingthefinancialassetsaimstocollectthecontractcashflowandsellthem;thecontracttermsofthefinancialassetstipulatethatthecashflowgeneratedonaspecificdateisonlythepaymentofprincipalandinterestbasedontheamountofoutstandingprincipal.ThereceivablesheldbytheCompanytransferredintheendorsedordiscountedformthatsuchtransactionsarefrequentandinvolvesignificantamountsandthemanagementmodeaimstocollectthecontractcashflowandselltheminnature,areclassifiedasfinancialassetsmeasuredatfairvaluewiththeirchangesincludedinothercomprehensiveincomeinaccordancewiththerelevantprovisionsoftheFinancialInstrumentsStandards.
14.OtherreceivablesRecognitionmethodandaccountingtreatmentmethodforexpectedcreditlossofotherreceivablesRecognitionmethodsandaccountingtreatmentofexpectedcreditlossesofotherreceivables.TheCompanymeasurestheimpairmentlossbyanamountequivalenttotheexpectedcreditlosswithinthenext12monthsorovertheentireduration,dependingonwhetherthecreditriskofotherreceivableshasincreasedsignificantlysincetheinitialrecognition.Inadditiontootherreceivableswithindividualcreditriskassessment,theyaredividedintodifferentportfoliosbasedontheircreditriskcharacteristics:
Portfolioname | Basisfordeterminingtheportfolios | Provisionmethods |
PortfolioI | Risk-freeportfolio | Thisportfolioisarisk-freeaccount. |
PortfolioII | Agingportfolio | Thecreditriskoftheportfolioischaracterizedbytheaging. |
15.Inventories
1.Classificationofinventories
Theinventoryincludesthefinishedproductsorcommoditiesheldforsaleindailyactivities,theunfinishedproductsandthematerialsconsumedintheproductionorintheprovisionoflaborservices,etc.
2.Pricingmethodofdeliveredinventories
Thedeliveredinventoriesaresubjecttotheweighted-averagesystem.
3.Determinationbasisfornetrealizablevalueoftheinventoryandcountinganddrawingmethodforinventoryfallingpricereserves
Onthebalancesheetdate,theinventoriesaremeasuredatthelowerofcostandnetrealizablevalue,andtheinventoryrevaluationreservesarecalculatedatthedifferencebetweenthecostofinventorycategoryandthenetrealizablevalue.Thenetrealizablevalueoftheinventoriesreadyforsaleisdeterminedattheestimatedsalepriceofsuchinventoriesminustheestimatedsalesexpensesandrelevanttaxesduringnormalproductionandoperation,andthatoftheinventoriestobeprocessedisdeterminedattheestimatedsalepriceofthefinishedproductsminusthecosts,salesexpensesandrelevanttaxesestimatedtobeincurreduptocompletionduringnormalproductionandoperation.Onthebalancesheetdate,thenetrealizablevaluesaredeterminedseparatelyandcomparedwiththecorrespondingcoststodeterminetheamountofwithdrawalorreversalofinventoryrevaluationreserveifapartofinventoryissubjecttothecontractualpriceagreementandtherestisnot.
4.Inventorysystem
Perpetualinventorysystemistheinventories.
5.Amortizationmethodoflowvalueconsumablesandpackagingmaterials
One-offwrite-offmethodisemployedforboththelow-valueconsumptiongoodsandthepackagingmaterials.
16.Contractualassets
1.Recognitionmethodsandstandardsforthecontractualassets
TheCompanypresentscontractualassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenperformanceobligationsandcustomerpayments.TheCompany'srighttoreceiveconsiderationforgoodsorservicestransferredtocustomers(excludingreceivables)islistedascontractualassets.
2.Therecognitionmethodandaccountingtreatmentforexpectedcreditlossofcontractualassets
TheCompanymeasuresthelossprovisionsaspertheamountofexpectedcreditlossesthroughoutthewholedurationbytheuseofsimplifiedmodelforexpectedcreditlossforcontractualassetsexcludingsignificantfinancingcomponents.Theincreasedorreversedamountoflossprovisionsgeneratedtherefromshallbeincludedinthecurrentprofitsandlossesasimpairmentlossesorgains.
TheCompanymeasuresthelossprovisionsaspertheamountofexpectedcreditlossesthroughoutthewholedurationbytheuseofsimplifiedmodelforexpectedcreditlossforcontractualassetsincludingsignificantfinancingcomponents.Theincreasedorreversedamountoflossprovisionsgeneratedtherefromshallbeincludedinthecurrentprofitsandlossesasimpairmentlossesorgains.
17.ContractualcostsNone
18.AssetsheldforsaleNone
19.DebtinvestmentNone
20.OtherdebtinvestmentNone
21.Long-termreceivablesNone
22.Long-termequityinvestment
1.Determinationofinvestmentcosts
(1)Iftheinvestmentcostisincurredinconsolidationunderthesamecontrolinwhichcasethecombiningpartypaysthecombinationconsiderationincash,bytransferringthenon-cashassets,undertakingthedebtsorissuingtheequitysecurities,theinitialinvestmentcostshallbedeterminedonthebasisoftheshareoftheowner'sequityofthecombinedpartyinthebookvalueoftheultimatecontrollingparty'sconsolidatedfinancialstatementsonthecombinationdate.Forthedifferencebetweentheinitialinvestmentcostoflong-termequityinvestmentandthebookvalueoftheconsiderationpaidforcombinationorthetotalfacevalueoftheissuedshares,thecapitalreserve(capitalpremiumorsharepremium)shallbeadjusted.Ifthecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeadjusted.
Ifaconsolidationunderthesamecontrolisrealizedstepbystep,theinitialinvestmentcostshallbedeterminedonthebasisoftheshareoftheowner'sequityofthecombiningpartyinbookthatisobtainedfromthecombinedpartyonthecombinationdateandcalculatedatshareholdingratio.Forthedifferencebetweentheinitialinvestmentcostandthesumofthebookvalueoftheoriginallong-termequityinvestmentplusthebookvalueoftheconsiderationnewlypaidforacquiringfurthersharesonthecombinationdate,thecapitalreserve(capitalpremiumorsharepremium)shallbeadjusted.Ifthecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeadjusted.
(2)Iftheinvestmentcostisincurredintheconsolidationunderdifferentcontrol,theinitialinvestmentcostshallbedeterminedasthefairvalueoftheconsiderationpaidforcombinationonthepurchasedate.
(3)Investmentcostsotherthanthoseincurredinconsolidation:Theinitialinvestmentcostshallbethepurchasepricepaidactuallyiftheinvestmentisobtainedbypayingcash,thefairvalueoftheissuedequitysecuritiesifbyissuingtheequitysecurities,andthevaluespecifiedintheinvestmentcontractoragreementincaseofinvestmentfromaninvestor(unlesstheunfairvalueisspecifiedinthecontractoragreement).
2.Subsequentmeasurementandrecognitionmethodsforprofitsandlosses
Thelong-termequityinvestmentthattheCompanyhasthecontrolovertheinvesteeshallbecalculatedwithcostmethodinitsindividualfinancialstatement;thoseunderthesamecontrolorsignificantinfluenceshallbecalculatedwithequitymethod.
Ifthecostmethodisapplied,thelong-termequityinvestmentsshallbepricedattheinitialinvestmentcost.Thecashdividendsorprofitsdeclaredtobedistributedbytheinvesteeotherthanthosethathavebeendeclaredbutnotdistributedandincludedinthepriceorconsiderationpaidactuallywhentheinvestmentisobtainedshallberecognizedasthecurrentinvestmentincome,anditisnecessarytoconsiderwhetherthelong-terminvestmentisimpairedinaccordancewiththerelevantpolicyofassetimpairment.Whentheequitymethodisapplied,iftheinitialinvestmentcostofalong-termequityinvestmentisgreaterthantheshareoffairvalueofidentifiablenetassetsentitledfromtheinvesteeatthetimeofinvestment,itshallbeincludedintheinitialinvestmentcostofthelong-termequityinvestment;otherwise,thedifferenceshallbeincludedinthecurrentprofitsandlossesandthecostoflong-termequityinvestmentshallbeadjusted.
Whentheequitymethodisapplied,theprofitsandlossesoninvestmentshallberecognizedandthebookvalueofthelong-termequityinvestmentshallbeadjustedaccordingtoshareofthenetprofitsandlossesthatshallbeentitledorsharedandhavebeenrealizedbytheinvesteeafterthelong-termequityinvestmentisobtained.Whentheshareofthenetprofitandlossentitledfromtheinvesteeisrecognized,theproportionattributabletotheinvestorshallbecalculatedattheshareholdingratioafteroffsettingtheprofitsandlossesofinternaltransactionswithassociatedenterprisesandjointventures(fullamountshallberecognizedifthelossesofinternaltransactionsaretheassetimpairmentlosses)inlightoftheaccountingpoliciesandperiodoftheCompanyonthebasisofthefairvalueoftheidentifiableassetsoftheinvesteewhentheinvestmentisobtained,andthenetprofitoftheinvesteeshallberecognizedafteradjustment.Theportiontobedistributedshallbecalculatedwithreferencetotheprofitsorcashdividendsdeclaredtobedistributedbytheinvestee,andthebookvalueofthelong-termequityinvestmentshallbereducedaccordingly.IfanetlossoftheinvesteeconfirmedbytheCompany,thebookvalueofthelong-termequityinvestment,aswellasotherlong-termequityinvestmentwhichformthenetinvestmentoftheinvestmentunitsshouldbewrittendownuntilzerolimits,exceptthattheCompanyhastoundertakeobligationsofadditionallosses.Thebookvalueofthelong-termequityinvestmentwasadjustedandincludedintheowner'sequityforotherchangesintheowner'sequityotherthanthenetprofitsandlossesoftheinvestee.
3.Basisfordeterminationofcontroloverandsignificantinfluenceontheinvestee
Controlreferstohavingthepowerovertheinvestee,beingentitledtovariablereturnsbyparticipatingintherelevantactivitiesoftheinvesteeandabletoinfluencetheamountofreturnbyexercisingthepowerovertheinvestee.Significantinfluencereferstothattheinvestorhastherighttoparticipateindecision-makingintermsofthefinancialandoperatingpoliciesoftheinvesteebuthasnorighttocontrolorjointlycontroltheformulationofthesepolicieswithotherparties.
4.Disposaloflong-termequityinvestments
(1)Partialdisposaloflong-termequityinvestmentsintosubsidiarieswithoutlossofcontrol
Thedifferencebetweenthedisposalpriceandthecorrespondingbookvalueofthedisposedinvestmentshallberecognizedasthecurrentinvestmentincomeincaseofpartialdisposaloflong-termequityinvestmentsintosubsidiarieswithoutlossofcontrol.
(2)Lossofcontroloversubsidiariesduetopartialdisposaloflong-termequityinvestmentsorotherreasons
Ifthecontroloverthesubsidiariesislostduetopartialdisposaloflong-termequityinvestmentsorotherreasons,thebookvalueofthelong-termequityinvestmentcorrespondingtothesoldequityshallbecarriedforwardforthedisposedequity,andthedifferencebetweenthesalespriceandthebookvalueofthedisposedlong-termequityinvestmentshallberecognizedasinvestmentincome(loss).Inaddition,theremainingequityshallberecognizedaslong-termequityinvestmentorotherrelatedfinancialassetsatitsbookvalue.Theremainingequityafterdisposalthathasjointcontrolorsignificantinfluenceonthesubsidiariesshallbesubjecttotheaccountingtreatmentinaccordancewiththerelevantregulationsontheconversionfromthecostmethodtotheequitymethod.
5.Methodsforimpairmenttestandprovisionofimpairmentreserve
Ifthereisanyobjectiveevidenceshowingthattheinvestmentsintosubsidiaries,associatedenterprisesandjointventuresareimpairedonthebalancesheetdate,theprovisionofimpairmentreserveshallbemadeaccordinglybasedonthedifferencebetweenthebookvalueandtherecoverableamount.
23.InvestmentpropertyMeasurementmodelofinvestmentpropertyMeasurementwithcostmethodDepreciationoramortizationmethod
1.Investmentpropertyincludesleasedlanduserights,landuserightsheldandreadytobeassignedafterappreciation,andleasedbuildings.
2.Investmentpropertyismeasuredinitiallyatcostandsubsequentlywithcostmodel.Theprovisionfordepreciationandamortizationoftheinvestmentpropertyaremadeinthewayasusedforfixedassetsandintangibleassets.Ifthereisanysignshowingthattheinvestmentpropertyisimpairedonthebalancesheetdate,theprovisionofimpairmentreserveshallbemadeaccordinglybasedonthedifferencebetweenthebookvalueandtherecoverableamount.
TheCompanyappliedthecostmodeltosubsequentmeasurementofinvestmentproperty,anddepreciatedoramortizeditinaccordancewiththepolicyasusedforthebuildingsorlanduserights.
SeeV.31."Long-termAssetsImpairment"fordetailsofthemethodsforimpairmenttestandprovisionofimpairmentreserveapplicabletoinvestmentproperty.
Iftherealestateforprivateuseorinventoryisconvertedtoaninvestmentpropertyortheinvestmentpropertyisconvertedtoarealestateforprivateuse,thebookvaluebeforesuchconversionshallbedeemedastheentryvalueaftertheconversion.
Ifthepurposeofaninvestmentpropertyischangedtoprivateuse,thisinvestmentpropertyshallbeconvertedintoafixedorintangibleassetfromthedateofchange.Ifthepurposeofapropertyischangedtorentgainsorcapitalappreciationfromprivateuse,thefixedassetorintangibleassetshallbeconvertedintoaninvestmentpropertyfromthedateofchange.Ifthepurposeofapropertyischangedtorentgainsorcapitalappreciationfromprivateuse,thefixedassetorintangibleassetshallbeconvertedintoaninvestmentpropertyfromthedateofchange.Ifanyassetisconvertedintoaninvestmentpropertymeasuredwiththecostmodel,thebookvaluebeforetheconversionshallbedeemedastheentryvalueaftertheconversion.Ifanyassetisconvertedintoaninvestment
propertymeasuredwiththefairvaluemodel,thefairvalueontheconversiondateshallbedeemedastheentryvalueaftertheconversion.Aninvestmentpropertyshallbederecognizedifthisinvestmentpropertyisdisposedoforpermanentlyretired,anditisexpectedthatnoeconomicbenefitscanbeobtainedfromitsdisposal.Thedisposalincomefromthesale,transfer,scrappingordamageofaninvestmentpropertyshallbeincludedinthecurrentprofitsandlossesafterdeductingitsbookvalueandrelevanttaxesanddues.Thedisposalincomefromthesale,transfer,scrappingordamageofaninvestmentpropertyshallbeincludedinthecurrentprofitsandlossesafterdeductingitsbookvalueandrelevanttaxesanddues.
24.Fixedassets
(1)ConditionsforrecognitionFixedassetsrefertothetangibleassetsthatareheldforproductionofgoods,provisionoflaborservices,leaseoroperationmanagementandofwhichtheservicelifeexceedsonefiscalyear.
Fixedassetsshallberecordedattheactualcostupontheacquisitionandsubjecttotheprovisionforstraight-linedepreciationfromthenextmonthfollowingthedatewhentheyarereadyforuseasintended.
(2)Depreciationmethod
Category | Depreciationmethod | Depreciablelife | Residualrate | Annualdepreciationrate |
Housesandbuildings | Straight-linemethod | 20-40years | 5.00 | 2.375-4.75 |
Machineryandequipment | Straight-linemethod | 10years | 5.00 | 9.50 |
Transportationequipment | Straight-linemethod | 5years | 5.00 | 19.00 |
Tooling | Straight-linemethod | 5years | 5.00 | 19.00 |
Electronicequipmentandotherequipment | Straight-linemethod | 5years | 5.00 | 19.00 |
(3)Basisforrecognition,valuationanddepreciationmethodoffixedassetsunderfinancinglease
Financingleasewillberecognizedifoneormoreoffollowingcriteriaisoraremet:①Theownershipoftheleasedassetistransferredtothelesseeattheexpirationoftheleaseterm;②Itcanbereasonablydeterminedthatthelesseewillexercisetheoptionatthestartoftheleasesincethelesseehassuchoptiontopurchasetheleasedassetandtheagreedpurchasepriceisexpectedtobemuchlowerthanthefairvalueoftheleasedassetwhentheoptionisexercised;③Theleasetermaccountsformostoftheusefullifeoftheleasedasset[generally,itaccountsformorethan75%(including75%)oftheusefullifeoftheleasedasset]eveniftheownershipoftheassetwillnotbetransferred;④Thepresentvalueoftheminimumleasepaymentmadebythelesseeonthestartdateofleaseisalmostequivalenttothefairvalue[90%andabove(including90%)]oftheleasedassetonthestartdateoflease;thepresentvalueoftheminimumleasepaymentreceivedbythelessoronthestartdateofleaseisalmostequivalenttothefairvalue[90%andabove(including90%)]oftheleasedassetonthestartdateoflease;⑤Theleasedassetisofaspecialnatureandwillbeonlyusedbythelesseeifnomajortransformationismade.
Thefixedassetsunderfinancingleaseshallberecordedatthelowerofthefairvalueoftheleasedassetsonthestartdateofleaseandthepresentvalueoftheminimumleasepaymentandshallbesubjecttoprovisionfordepreciationinaccordancewiththedepreciationpolicyofself-ownedfixedassets.
25.Constructioninprogress
1.Theconstructioninprogressshallbetransferredtofixedassetsattheactualcostoftheprojectwhenitisreadyforuseasintended.Ifaproductunderconstructionhasbeenreadyforuseasintendedbuthasnotundergonefinalsettlementofaccount,thisprojectshallbetransferredtofixedassetsattheestimatedvaluefirst.Afterfinalsettlementofaccountismade,theoriginaltemporaryestimatedvalueshallbeadjustedaccordingtotheactualcostwithoutadjustmentofdepreciationpreviouslyaccrued.
2.Ifthereisanysignshowingthataprojectunderconstructionisimpairedonthebalancesheetdate,theprovisionforimpairmentshallbemadeaccordinglyatthedifferencebetweenthebookvalueandtherecoverableamount.
26.Borrowingcosts
1.Recognitionprincipleforcapitalizingborrowingcost
BorrowingcostsoccurredbytheCompanythatmaybedirectlyattributabletotheacquisitionorconstructionofassetseligibleforcapitalization,arecapitalizedandaccountedinthecostofrelevantassets;whileotherborrowingcostsarerecognizedasexpensesandaccountedintocurrentprofitsandlosseswheneveroccurred.
2.Capitalizationperiodofborrowingcosts
(1)Theborrowingcostsshallbecapitalizediftheymeetthefollowingconditions:1)Assetexpenditureshavebeenincurred;2)Borrowingcostshavebeenincurred;3)Acquisition,constructionorproductionactivitiesnecessaryfortheassetstoreachtheusableormarketablestateasintendedhavebegun.
(2)Thecapitalizationofborrowingcostsshallbediscontinuediftheacquisition,constructionorproductionofanassetthatmeetstheconditionsforcapitalizationisabnormallyinterruptedformorethan3successivemonths.Theborrowingcostsincurredduringtheperiodofinterruptionshallberecognizedascurrentexpensesuntiltheacquisition,constructionorproductionofassetsisresumed.
(3)Thecapitalizationofborrowingcostsshallceasewhenthepurchased,constructedorproducedassetsthatmeettheconditionsforcapitalizationreachestheintendedusableormarketablestate.
3.Capitalizedamountofborrowingcosts
Ifspecialborrowingsareforthepurposeofpurchase,constructionorproductionofassetsthatmeettheconditionsforcapitalization,theamountofinteresttobecapitalizedshallbedeterminedastheinterestexpensesactuallyincurred(includingtheamortizationofdiscountsorpremiumsdeterminedwiththeeffectiveinterestratemethod)inthecurrentperiodofthespecialborrowingminustheinterestincomefromtheunusedborrowingsthathavebeendepositedinthebankortheprofitfromtemporaryinvestmentbytheunusedborrowings.Ifgeneralborrowingsareusedforthepurposeofpurchase,constructionorproductionofassetsthatmeettheconditionsforcapitalization,theamountofinteresttobecapitalizedshallbedeterminedastheweightedaverageofasset
expenditurewithaccumulatedassetexpenditureexceedingspecialborrowingmultipliedbycapitalizationrateofthegeneralborrowingoccupied.
27.BiologicalassetsNone
28.OilandgasassetsNone
29.Right-of-useassetsOnthecommencementdateoftheleaseterm,theCompanyrecognizestheright-of-useassetsandleaseliabilitiesfortheleases,exceptforsimplifiedshort-termleasesandlow-valueassetleases.TheCompanyinitiallymeasurestheright-of-useassetsatcost.Thiscostincludes:
1.Theinitialmeasurementamountoftheleaseliability;
2.Forleasepaymentspaidonorbeforethestartingdateoftheleaseterm,ifthereareleaseincentives,theamountofleaseincentivesalreadyenjoyedshallbededucted;
3.TheinitialdirectexpensesincurredbytheCompany;
4.Estimatedcoststodismantleandremovetheleasedasset,restorethesitewheretheleasedassetislocated,orrestoretheleasedassettothestateagreeduponintheleaseterms.Theaforementionedcostsareincurredforthemake-to-stockproduction,andtheAccountingStandardsforBusinessEnterprisesNo.1-Inventoriesshallapply.
TheCompanyrecognizesandmeasuresthecostsmentionedinItem4aboveinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.13-Contingencies.
Initialdirectcostsaretheincrementalcostsincurredtoachievethelease.Incrementalcostsarethecoststhatwouldnothavebeenincurrediftheenterprisedidnotcompletedthelease.
Theprovisionforthedepreciationoftheright-of-useassetsshallbemadewithreferencetotherelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifthereisreasonablecertaintythatthelesseewillobtainownershipoftheleasedassetswhentheleasetermexpires,theCompanyshallmakedepreciationofleasedassetsovertheirremainingservicelife.Ifitisnotreasonabletobecertainthatthelesseewillobtaintheownershipoftheleasedassetsattheexpiryoftheleaseterm,theleasedassetsshouldbecalculatedandwithdrawnasdepreciationovertheshorteroneoftheleasetermortheremainingservicelife.
TheCompanydetermineswhethertheright-of-useassetsareimpairedinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment,andcarriesoutaccountingtreatmentfortheidentifiedimpairmentlosses.
30.Intangibleassets
(1)Valuationmethod,servicelifeandimpairmenttest
1.Intangibleassetsincludelandusageright,software,patentrightsandnon-patenttechnologies,etc.,andareinitiallymeasuredatcost.
2.Intangibleassetswithlimitedservicelifeshallbesystematicallyandreasonablyamortizedaccordingtotheexpectedrealizationmodeofeconomicbenefitsrelatedwithintheservicelife,andincasetheexpectedrealizationmodecannotbereliablydetermined,thestraight-linemethodshallbeadoptedforamortization.
Thelandusagerightshallbeaveragelyamortizedwithintheremainingservicelife(generally50years),thesoftwareshallbeaveragelyamortizedwithin3-5years,andthepatentrightsandnon-patenttechnologieswithin5-10years.
3.Incaseofevidenceofimpairmentofintangibleassetswithdefinedservicelifeonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandtherecoverableamount;Forintangibleassetswithuncertainservicelifeandintangibleassetsthathavenotreachedtheserviceablestate,theimpairmenttestsshallbecarriedouteveryyear,whethertherearesignsofimpairmentornot.
(2)AccountingpolicyofinternalR&Dexpenditure
ResearchstageexpendituresofinternalR&Dprojectsshallbeincludedinthecurrentprofitsandlossesatthetimeofoccurrence.Incasefollowingconditionshavebeenmetatthesametime,expenditureofinternalR&Dprojectsindevelopmentstageshallberecognizedasintangibleassets:(1)Itistechnicallyfeasibletocompletetheintangibleassetsforadoptionandsale;(2)Thereistheintentiontocompletetheintangibleassetsforadoptionandsale;(3)Thereexistwaysforintangibleassetstogenerateeconomicbenefits,includingtheevidencethatthereisamarketforproductsproducedbyusingtheintangibleassetsorfortheintangibleassets.Iftheintangibleassetswillbeusedinternally,itcanbeprovedthattheyareuseful;(4)Therearesufficienttechnical,financialandotherresourcestosupportthedevelopmentoftheintangibleassetsandtouseorselltheintangibleassets;(5)Expenditureoftheintangibleassetsindevelopmentstagecanbemeasuredreliably.
31.Long-termassetsimpairment
Theenterpriseshalljudgewhetherthereisanysignofpossibleassetsimpairmentonthebalancesheetdate.
Goodwillarisingfromconsolidationandintangibleassetswithuncertainservicelifeshallbetestedforimpairmenteveryyear,nomatterwhetherthereisanysignofimpairment.
Incaseoffollowingsigns,theassetsmaybeimpaired:
(1)Marketpriceofassetsfallssharplyinthecurrentperiod,whichissignificantlyhigherthantheexpecteddeclineduetotimeornormaluse;(2)Therearesignificantchangesincurrentandfutureeconomic,technologicalorlegalenvironmentinwhichtheenterpriseoperatesandthemarketwhereassetsarelocated,bringingadverseeffectsontheenterprise;(3)Themarketinterestrateorothermarketreturnoninvestmenthasbeenincreasedinthecurrentperiod,affectingthediscountrateoftheenterprisetocalculatethepresentvalueoftheexpectedfuturecash
flowoftheassetsandresultinginasignificantdecreaseintherecoverableamountoftheassets;(4)Thereexistsevidenceshowingthattheassetshavebecomeobsoleteortheentityhasbeendamaged;(5)Assetshavebeenorwillbeidle,terminatedorplannedtobedisposedinadvance;(6)Evidenceintheinternalreportoftheenterpriseshowsthateconomicperformanceofassetshasbeenorwillbelowerthantheexpected,forinstance,thenetcashflowarisingfromassetsortherealizedoperatingprofit(orloss)isfarlower(orhigher)thantheexpectedamount,etc.(7)Otherindicationsshowingthatassetsmayhavebeenimpaired.
Incaseofsignsofassetsimpairment,correspondingrecoverableamountshallbeestimated.Recoverableamountshallbedeterminedbasedonthehigherofthenetamountoffairvalueofassetsminusthedisposalexpensesandthepresentvalueofexpectedfuturecashflowofassets.
Disposalexpensesincludelegalexpenses,relevanttaxesandhandlingfeesrelatedtodisposalofassetsaswellasdirectexpensesincurredtomaketheassetsmarketable.
Presentvalueofexpectedfuturecashflowofassetsshallbedeterminedbyselectinganappropriatediscountratebasedontheexpectedfuturecashflowgeneratedduringcontinuoususeandfinaldisposaloftheassets.Toestimatepresentvalueoffuturecashflowofassets,measuresshallbetakentocomprehensivelyconsiderfactorsastheexpectedfuturecashflow,servicelifeanddiscountrateoftheassets.
Incaseofmeasurementresultofrecoverableamountshowingthatrecoverableamountoftheassetislowerthanitsbookvalue,thebookvalueshallbewrittendowntotherecoverableamount,andthewrittendownamountshallberecognizedasthelossofassetimpairmentandincludedinthecurrentprofitsandlosses;besides,correspondingprovisionforassetimpairmentshallbemadeatthesametime.
32.Long-termdeferredexpenses
Long-termdeferredexpensesshallberecordedaccordingtotheactualamount,andshallbeaveragelyamortizedinthebenefitperiodorthespecifiedperiod.Incasefutureaccountingperiodcannotbenefitfromlong-termdeferredexpenses,allunamortizedvalueoftheitemshallbetransferredintothecurrentprofitsandlosses.
33.Contractualliabilities
TheCompanypresentscontractualassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenperformanceobligationsandcustomerpayments.TheCompany'sobligationtotransfercommoditiesorservicestocustomersforconsiderationreceivedorreceivablebytheCompanyislistedascontractliability.
34.Employeecompensation
(1)Accountingtreatmentofshort-termcompensation
EmployeewagesrefertotheremunerationorcompensationinvariousformswhichtheCompanypaystoitsemployeesfortheirservicesorseveringoflaborrelations,Employeecompensationincludesshort-termcompensation,post-employmentbenefits,dismissalbenefitsandotherlong-termemployeebenefits.Benefits
providedbytheCompanytoemployees'spouses,childrenanddependants,familymembersofdeceasedemployeesaswellasotherbeneficiariesshallalsobeincludedinemployeecompensation.Share-basedpaymentsissuedbytheenterprisetoitsemployeesshallalsobeincludedinemployeecompensation,andshallbehandledinaccordancewithrelevantprovisionsofAccountingStandardsforBusinessEnterprisesNo.11-Share-basedPayments.DuringtheaccountingperiodwhenemployeesprovideservicefortheCompany,theactualshort-termremunerationisrecognizedasliabilitiesandincludedinthecurrentprofitsandlossesortherelevantassetscost.Where,non-monetarywelfareshallbemeasuredatfairvalue.
(2)Accountingtreatmentofpost-employmentbenefits
Dismissalwelfaremainlyincludesbasicendowmentinsurance,unemploymentinsuranceandsoon.Post-employmentbenefitplanincludesdefinedcontributionplan.Wherethedefinedcontributionplanisused,thecorrespondingamountshallberecordedintorelevantassetcostsorcurrentprofitsandlosses.
(3)Accountingtreatmentofdismissalbenefits
IncasetheCompanyterminateslaborrelationshipwithemployeespriortotheexpirationofemployee'slaborcontract,orofferscompensationtoencourageemployeestoacceptthelayoffvoluntarily,itshallconfirmthecompensationforterminationoflaborrelationshipwithemployeesandincludethecompensationamountinthecurrentprofitsandlossesattheearliertimewhenitfailstounilaterallywithdrawlaborrelationshipterminationplanorlayoffproposalandconfirmscostsrelatedtoreorganizationinvolvingthepaymentofdismissalbenefits.
(4)Accountingtreatmentofotherlong-termemployeebenefits.None
35.Leaseliabilities
Onthecommencementdateoftheleaseterm,theCompanyrecognizestheright-of-useassetsandleaseliabilitiesfortheleases,exceptforsimplifiedshort-termleasesandlow-valueassetleases.
Leaseliabilitiesareinitiallymeasuredatthepresentvalueofoutstandingleasepaymentsfromleasedate.
LeasepaymentreferstotheamountpaidbytheCompanytothelessorinconnectionwiththerighttousetheleasedassetsduringtheleaseterm,including:
1.Forfixedpaymentandtheactualfixedpaymentwithleaseincentives,therelevantamountofitshallbededucted;
2.Theamountofvariableleasepaymentsdependingontheindexorratio,whichisrecognizedattheinitialmeasurementaccordingtotheindexorratioonthestartingdateoftheleaseterm;
3.Theexercisepriceofthepurchaseoption;providedthatthisoptionwillbeexercisedbaseonthereasonabledeterminationoftheCompany;
4.Theamounttobepaidforexercisingtheoptiontoterminatethelease;providedthatintheleaseterm,itreflectsthattheCompanywillexercisetheoptiontoterminatethelease;
5.TheamountexpectedtobepaidbasedontheguaranteedbalanceprovidedbytheCompany.
Whencalculatingthepresentvalueoftheleasepayments,theCompanyadoptstheinterestrateimplicitinleaseasthediscountrate,butiftheinterestrateimplicitinleasecannotbereasonablydetermined,theincrementalborrowingrateoftheCompanywillbeusedasthediscountrate.
36.EstimatedliabilitiesNone
37.Share-basedpayment
1.Typesofshare-basedpayment
Itincludesequity-settledshare-basedpaymentandcash-settledshare-basedpayment
2.Determinationmethodoffairvalueofequityinstrument
(1)Incaseofactivemarket,itshallbedeterminedaccordingtothequotedpriceintheactivemarket.
(2)Incaseofnoactivemarket,itshallbedeterminedbyadoptingvaluationtechnologies,includingreferringtopricesusedinrecentmarkettransactionsbypartiesfamiliarwiththesituationandwillingtotrade,currentfairvalueofotherfinancialinstrumentsthatareessentiallythesame,discountedcashflowmethodandoptionpricingmodel.
3.Basisforconfirmingthebestestimateofvestingequityinstruments
Estimationshallbebasedonthelatestavailablechangesonvestingemployeenumberandothersubsequentinformation.
4.Accountingtreatmentofimplementing,modifyingandterminatingshare-basedpaymentplan
(1)Equity-settledshare-basedpayment
Equity-settledshare-basedpaymentinexchangeforemployeeservicesthatcanbeexercisedimmediatelyafterthegrantshallbeincludedintherelevantcostsorexpensesaccordingtothefairvalueofequityinstrumentsonthegrantdate,andthecapitalreserveshallbeadjustedaccordingly.Forequity-settledshare-basedpaymentinexchangeforemployeeservicesonlyaftercompletingservicewithinthewaitingperiodorreachingthespecifiedperformanceconditions,itisrequiredtoincludetheservicesobtainedinthecurrentperiodintorelevantcostsorexpensesaccordingtothebestestimateofnumberofvestingequityinstrumentsandthefairvalueonthegrantdateofequityinstrumentsoneachbalancesheetdatewithinthewaitingperiod,andthecapitalreserveshallbeadjustedaccordingly.
Forequity-settledshare-basedpaymentinexchangeforotherparty'sservices,ifthefairvalueofotherparty'sservicescanbereliablymeasured,itshallbemeasuredbasedonthefairvalueofotherparty'sservicesontheacquisitiondate;Incasethefairvalueofotherparty'sservicescannotbereliablymeasured,butthefairvalueofequityinstrumentscanbereliablymeasured,itshallbemeasuredbasedonthefairvalueofequityinstrumentson
theacquisitiondateandshallbeincludedinrelevantcostsorexpenses;besides,theowner'sequityshallbeincreasedaccordingly.
(2)Cash-settledshare-basedpaymentCash-settledshare-basedpaymentinexchangeforemployeeservicesthatcanbeexercisedimmediatelyafterthegrantshallbeincludedinrelevantcostsorexpensesaccordingtothefairvalueoftheliabilitiesundertakenbytheCompanyonthegrantdate,andtheliabilitiesshallbeincreasedaccordingly.Forcash-settledshare-basedpaymentinexchangeforemployeeservicesonlyaftercompletingservicewithinthewaitingperiodorreachingthespecifiedperformanceconditions,itisrequiredtoincludetheservicesobtainedinthecurrentperiodintorelevantcostsorexpensesandrelevantliabilitiesaccordingtothebestestimateofvestingsituationandthefairvalueoftheliabilitiesassumedbytheCompanyoneachbalancesheetdatewithinthewaitingperiod.
(3)Modificationandterminationofshare-basedpaymentplanIncaseofincreaseoffairvalueoftheequityinstrumentsgrantedduetomodification,theCompanyshallrecognizetheincreaseofservicesobtainedbasedontheincreaseoffairvalueofequityinstruments;Incaseofincreaseofthenumberofequityinstrumentsgrantedduetomodification,theCompanyshallrecognizethefairvalueoftheincreasedequityinstrumentsastheincreaseofservicesobtainedaccordingly.Besides,iftheCompanymodifiesvestingconditionsinawaybeneficialtoemployees,itshallconsiderallmodifiedvestingconditionswhendealingwiththevestingconditions.
Incaseofdecreaseoffairvalueoftheequityinstrumentsgrantedduetomodification,theCompanyshallcontinuetorecognizetheamountofservicesobtainedbasedonthefairvalueofequityinstrumentsonthegrantdatewithoutconsideringthedecreaseoffairvalueofequityinstruments;Incaseofdecreaseofthenumberofequityinstrumentsgrantedduetomodification,theCompanyshallrecognizethedecreasedpartasthecancellationofgrantedequityinstruments;Besides,iftheCompanymodifiesvestingconditionsinawaynotbeneficialtoemployees,itshallnotconsiderthemodifiedvestingconditionswhendealingwithvestingconditions.
IncasetheCompanycancelsorsettlesthegrantedequityinstrumentswithinthewaitingperiod(exceptthosecancelledduetofailuretomeetthevestingconditions),thecancellationorsettlementshallbeacceleratedforvesting,andtheamountoriginallyrecognizedintheremainingwaitingperiodshallberecognizedimmediately.
38.Preferredshares,perpetualbondsandotherfinancialinstrumentsNone
39.RevenueAccountingpoliciesadoptedforrevenuerecognitionandmeasurement
1.Revenuerecognition
TheCompany'srevenuemainlyincludessalesrevenueofintelligentcontroller,lithiumbattery,motorandcontrolsystem.
TheCompanyhasfulfilledperformanceobligationintheContract,thatis,recognizingrevenuewhenthecustomerobtainsthecontrolrightofrelevantcommodities.Obtainingofthecontrolrightofrelevantcommoditiesmeanstobeabletodominatetheuseofthecommoditiesandobtainalmostalleconomicbenefitsarisingtherefrom.
2.TheCompanyshalljudgethenatureofrelevantperformanceobligationsas"performanceobligationsfulfilledinacertainperiod"or"performanceobligationsfulfilledatacertaintimepoint"basedonrelevantprovisionsofrevenuestandards,andshallconfirmrevenueaccordingtothefollowingprinciplesrespectively.
(1)IncasetheCompanymeetsoneofthefollowingconditions,itshallfulfilltheperformanceobligationswithinacertainperiodoftime:
①CustomersobtainandconsumeeconomicbenefitsarisingfromperformanceoftheCompanyduringtheCompany'sperformanceoftheContract.
②CustomerscancontroltheassetsunderconstructionduringtheCompany'sperformanceoftheContract.
③AssetsoftheCompanyduringtheperformanceoftheContractareirreplaceable,andtheCompanyshallbeentitledtocollectmoneyfortheperformancepartcompletedsofarinthewholecontractperiod.
Forperformanceobligationsfulfilledwithinacertainperiodoftime,theCompanyshallrecognizerevenueaccordingtotheperformanceprogresswithinthatperiod,exceptthattheperformanceprogresscannotbereasonablydetermined.TheCompanyshallconsiderthenatureofcommodities,andshalldeterminetheproperperformanceprogressbyadoptingtheoutputmethodortheinputmethod.
(2)Forperformanceobligationsfulfilledatacertaintimepointratherthaninacertainperiod,theCompanyshallrecognizerevenueatthetimewhencustomersobtainthecontrolrightofrelevantcommodities.
Whenjudgingwhethercustomershaveobtainedthecontrolrightofrelevantcommodities,theCompanyconsiderthefollowingsigns:
①TheCompanyshallbeentitledtoimmediatelycollectrevenuesfromcommodities,whichmeansthatcustomershavetheobligationtopayforcommoditiesimmediately.
②TheCompanyhastransferredthelegalownershipofcommoditiestocustomers,whichmeansthatcustomershaveobtainedthelegalownershipofcommodities.
③TheCompanyhastransferredcommoditiesinkindtocustomers,whichmeansthatcustomershavepossessedcommoditiesinkind.
④TheCompanyhastransferredmainrisksandrewardsrelatedtotheownershipofcommoditiestocustomers,whichmeansthatcustomershaveobtainedmainrisksandrewardsrelatedtotheownershipofcommodities.
⑤Customershaveacceptedthecommodities.
⑥Otherindicationsthatcustomershaveobtainedthecontrolrightofcommodities.
ThespecificpoliciesofrevenuerecognitionoftheCompanyareasfollows:
IncasethesalescontractbetweentheCompanyandcustomershasbeendeemedasaperformanceobligationfulfilledatacertaintimepoint,thespecificrevenuerecognitionmethodshallbeformulatedaccordingtotheactualsituationoftheCompany'sproductsalesasfollows:
Domesticsales:①Thecustomerpicksupthegoodsincash.Afterthepaymentanddelivery,itisconsideredthatthecustomerhasobtainedthecontroloftherelevantgoods,andtheCompanyhasrecognizedthesalesrevenue;
②Iftheadvancepaymentisusedforsettlement,andtheotherparty'scustomerconfirmationreceiptisobtainedafterthedelivery,itisconsideredthatthecustomerhasobtainedthecontroloftherelevantcommodities,andtheCompanyhasrecognizedthesalesrevenue;③Ifthecreditsaleisadoptedaccordingtoacertainpaymentperiod,withinwhichthecustomersettles,andafterthedelivery,theotherparty'scustomerconfirmationreceiptisobtained,itisconsideredthatthecustomerhasobtainedthecontroloftherelevantgoods,andtheCompanyhasrecognizedthesalesrevenue.
Foreignsales:theCompanyshalldelivercommoditiesaccordingtothesignedorder,holdspecialexportinvoice,deliverynoteandotheroriginaldocumentsforcustomsclearanceandexport,passcustomsaudit,completeexportdeclarationprocedures,obtainthecustomsdeclarationdocumentsasthepointoftransferofcontroloftherelevantgoods,andrecognizethesalesrevenuebyrecordingtherevenuebasedonthedeliveryorder,specialexportinvoiceandcustomsdeclarationform.
3.Measurementofrevenue
TheCompanyshallmeasurerevenueaccordingtothetransactionpriceallocatedtoeachindividualperformanceobligation.Indeterminingthetransactionprice,theCompanyshallconsidertheinfluenceofvariableconsideration,significantfinancingcomponentsintheContract,non-cashconsideration,considerationpayabletocustomersaswellasotherfactors.
(1)Variableconsideration
TheCompanyshalldeterminethebestestimateofvariableconsiderationaccordingtotheexpectedvalueorthemostlikelyamount,butthetransactionpriceincludingthevariableconsiderationshallnotexceedtheaccumulatedrecognizedrevenuethatwillnotbesignificantlyreversedwhenrelevantuncertaintyiseliminated.Whenevaluatingwhethertheaccumulativerecognizedrevenueisunlikelytobesignificantlyreversed,theenterpriseshallfurtherconsiderthepossibilityandproportionofrevenuereversal.
(2)Significantfinancingcomponents
IncaseofsignificantfinancingcomponentsintheContract,theCompanyshalldeterminethetransactionpriceaccordingtotheamountpayableincashwhenassumingthatcustomersobtainthecontrolrightofcommodities.Differencebetweenthetransactionpriceandthecontractconsiderationshallbeamortizedbyadoptingtheeffectiveinterestratemethodduringthecontractperiod.
(3)Non-cashconsideration
Incasecustomerspaynon-cashconsideration,theCompanyshalldeterminethetransactionpriceaccordingtothefairvalueofthenon-cashconsideration.Incasethefairvalueofnon-cashconsiderationcannotbereasonablyestimated,theCompanyshallindirectlydeterminethetransactionpricebyreferringtotheseparatesellingpriceofcommoditiesfortransferringcommoditiestocustomersthatitpromises.
(4)ConsiderationpayabletocustomersConsiderationpayabletocustomersshallbewrittendownagainstthetransactionprice,andthecurrentincomeshallbeoffsetatthelaterofconfirmingrelevantincomeorpaying(orpromisingtopay)customer'sconsideration,exceptthattheconsiderationpayabletocustomersistoobtainotherclearlydistinguishablecommoditiesfromcustomers.
Incasetheconsiderationpayablebyanenterprisetocustomersistoobtainotherclearlydistinguishablecommoditiesfromcustomers,thepurchasedcommoditiesshallbeconfirmedinawayconsistentwithotherpurchasesoftheenterprise.Incasetheconsiderationpayablebyanenterprisetocustomersexceedsthefairvalueofaclearlydistinguishablecommodityobtainedfromthecustomer,theexcessamountshallbeusedtooffsetthetransactionprice.Incasethefairvalueofclearlydistinguishablecommoditiesobtainedfromcustomerscannotbereasonablyestimated,theenterpriseshalloffsetthetransactionpricewiththeconsiderationpayabletocustomersinfull.DifferencesinrevenuerecognitionaccountingpoliciescausedbydifferentbusinessmodelsofsimilarbusinessesNone
40.Governmentsubsidies
1.Governmentsubsidiesincludegovernmentsubsidiesrelatedtoassetsandgovernmentsubsidiesrelatedtoincome.
2.Incasethegovernmentsubsidiescanbeincludedinmonetaryassets,theyshallbemeasuredaccordingtotheamountreceivedorreceivable;Incasethegovernmentsubsidiescanbeclassifiedasnon-monetaryassets,theyshallbemeasuredatfairvalue,andoncethefairvaluecannotbeobtainedreliably,theyshallbemeasuredinnominalamount.
3.Governmentsubsidiescalculatedbyadoptingthegrossmethod:
(1)Governmentsubsidiesrelatedtoassetsshallberecognizedasdeferredincomeandincludedinprofitsandlossesbystagesinareasonableandsystematicwaywithintheservicelifeofrelevantassets.Incaserelevantassetsaresold,transferred,scrappedordamagedpriortotheendoftheirservicelife,thebalanceofrelevantdeferredincomethathasnotbeenallocatedshallbetransferredtotheprofitsandlossesofthecurrentperiodofassetdisposal.
(2)Governmentsubsidiesrelatedtoincomeandusedtocompensaterelatedexpensesorlossesinthelaterperiodshallberecognizedasdeferredincome,andshallbeincludedinthecurrentprofitsandlossesduringtheperiodwhenrelatedexpensesarerecognized;subsidiesusedtocompensaterelevantexpensesorlossesincurredshallbedirectlyincludedinthecurrentprofitsandlosses.
4.Governmentsubsidiescalculatedbyadoptingthenetmethod:
(1)Governmentsubsidiesrelatedtoassetsshallbeusedtooffsetthebookvalueofrelevantassets;
(2)Governmentsubsidiesrelatedtoincomeandusedtocompensaterelatedexpensesorlossesinthelaterperiodshallberecognizedasdeferredincome,andshallbeusedtooffsetrelatedcostswhenrelatedexpensesare
recognized;subsidiesusedtocompensaterelevantexpensesorlossesincurredshallbedirectlyusedtooffsetrelatedcosts.
5.Forgovernmentsubsidiesincludingasset-relatedpartandincome-relatedpart,measuresshallbetakentodistinguishdifferentpartsandcarryoutaccountingtreatmentseparately;Partdifficulttodistinguishshallbeclassifiedasgovernmentsubsidiesrelatedtoincome.
6.ThegovernmentsubsidiesrelatedtothedailyactivitiesoftheCompanyshallbeincludedintootherincomesorusedtowritedownrelatedcostsandexpensesinaccordancewiththeessenceofeconomicoperations;thegovernmentsubsidiesindependentofthedailyactivitiesshallbeincludedintothenon-operatingincomeandexpense.
7.FordiscountinterestofpreferentialpolicyloanstobeobtainedbytheCompany,twomeasuresshallbeadopted,includingthattheMinistryofFinanceallocatesthediscountfundstothelendingbanksandthattheMinistryofFinanceallocatesthediscountfundstotheCompany:
(1)IncasetheMinistryofFinanceallocatesthediscountfundstothelendingbanks,andthelendingbankprovidesloanstotheCompanyatpreferentialpolicyinterestrate,theCompanyshallchoosethefollowingmethodsforaccountingtreatment:
1)Takingtheloanamountactuallyreceivedastheentryvalueoftheloan,andcalculatingrelevantborrowingcostsbasedontheloanprincipalandthepreferentialpolicyinterestrate.
2)Takingthefairvalueofloanastheentryvalue,calculatetheborrowingcostsbyadoptingtheeffectiveinterestratemethod,andrecognizingthedifferencebetweentheactualreceivedamountandthefairvalueoftheloanasdeferredincome.Deferredincomeshallbeamortizedbyadoptedtheeffectiveinterestratemethodwithinthedurationofloantooffsetrelevantborrowingcosts.
(2)IncasetheMinistryofFinanceallocatesthediscountfundstotheCompany,theCompanywillwritedownthecorrespondingdiscountinterestagainstrelevantborrowingcosts.
41.Deferredtaxassets/deferredtaxliabilities
1.Itisrequiredtocalculateandrecognizethedeferredtaxassetsorliabilitiesaccordingtothedifferencebetweenthebookvalueoftheassetsandliabilitiesandcorrespondingtaxbase(incasethetaxbaseofitemsnotrecognizedasassetsandliabilitiescanbedeterminedaccordingtotheprovisionsofthetaxlaw,thedifferencebetweenthetaxbaseandtheirbookamountshallbeadopted)aswellastheapplicabletaxrateduringtheperiodofexpectedrecoveryoftheassetsorsettlementoftheliabilities.
2.Recognitionofdeferredtaxassetsshallbelimitedtothetaxableincomethatislikelytobeobtainedtooffsettemporarydeductibledifferences.Onthebalancesheetdate,ifthereisconclusiveevidencethatitislikelytoobtainsufficienttaxableincomeinthefutureperiodstooffsetthedeductibletemporarydifferences,thedeferredtaxassetsnotrecognizedinthepreviousaccountingperiodsshallberecognized.
3.Thebookvalueofdeferredtaxassetsshallbereviewedonthebalancesheetdate.Incaseitisimpossibletoobtainenoughtaxableincometooffsetthebenefitsofthedeferredtaxassetsinthefuture,thebookvalueofthe
deferredtaxassetsshallbewrittendown.Ifitislikelytoobtainenoughtaxableincome,thewritedownamountshallbereversed.
4.ThecurrentincometaxanddeferredtaxoftheCompanyshallberecognizedasincometaxexpenseorincome,andshallbeincludedinthecurrentprofitsandlosses,exceptforincometaxarisingfromthefollowingcircumstances:(1)consolidation;(2)transactionsormattersdirectlyrecognizedintheowner'sequity.
42.Lease
(1)Accountingtreatmentofoperatinglease
1.Lessee
Asthelessee,theCompanyrecognizestheright-of-useassetsandleaseliabilitiesfortheleaseonthebeginningdateoftheleasetermexcludingshort-termleasesandleasesoflow-valueassetstowhichthesimplifiedtreatmentapplies.
Afterthestartingdateoftheleaseterm,theCompanyusesthecostmodeltomakesubsequentmeasurementoftheright-of-useassets.Theprovisionforthedepreciationoftheright-of-useassetsshallbemadewithreferencetotherelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifthelesseecanreasonablydeterminethatitwillobtaintheownershipoftheleasedassetsupontheexpirationoftheleaseterm,provisionfordepreciationshallbemadewithintheremainingservicelifeoftheleasedassets.Ifitisnotreasonabletobecertainthatthelesseewillobtaintheownershipoftheleasedassetsattheexpiryoftheleaseterm,theleasedassetsshouldbecalculatedandwithdrawnasdepreciationovertheshorteroneoftheleasetermortheremainingservicelife.TheCompanydetermineswhethertheright-of-useassetsareimpairedinaccordancewiththeAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment,andcarriesoutaccountingtreatmentfortheidentifiedimpairmentlosses.
TheCompanycalculatestheinterestexpenseoftheleaseliabilitiesineachperiodoftheleaseatthefixedperiodicinterestrate,whichisincludedinthecurrentprofitsandlosses.IfthecostshouldbeincludedinthecostofrelevantassetsinaccordancewiththeAccountingStandardforBusinessEnterprisesNo.17-BorrowingCostsandotherstandards,suchprovisionsshallprevail.
Forshort-termleasesandlow-valueassetleases,theCompanyshallchoosenottorecognizeright-of-useassetsandleaseliabilities,andincludetheleasepaymentsforshort-termleasesandlow-valueassetleasesintherelevantassetcostorcurrentprofitandlossaccordingtothestraight-linemethodduringeachperiodoftheleaseterm.
2.Lessor
Duringeachperiodoftheleaseterm,theCompanyasthelessorshalladoptthestraight-linemethodtorecognizetherentalrevenuefromoperatingleaseasrentalincome.Thelessorshallcapitalizetheinitialdirectcostrelatedtooperatinglease,andamortizesandincludessuchcostintothecurrentprofitsandlossesbyinstallmentaccordingtothesamerecognitionbaseoftherentalrevenueduringtheleaseterm.
Asforthefixedassetssubjecttooperatingleases,theCompanyshallcalculatethedepreciationofitbyadoptingdepreciationpolicyforsimilarassets.Asforotherleasedassets,systematicandreasonablemethodsshall
beadoptedforitsamortizationaccordingtotheaccountingstandardsforbusinessenterprisesapplicabletothisasset.TheCompanydetermineswhethertheoperatingleaseassetsareimpairedinaccordancewithAccountingStandardsforBusinessEnterprises,No.8-AssetImpairment,andcarriesoutcorrespondingaccountingtreatment.
(2)AccountingtreatmentoffinancingleaseAccountingtreatmentoftheCompanyasthelesseeisshowninNoteV29,NoteV35andNoteV42(1).Asthelessor,theCompanyshallconfirmthereceivablepaymentforfinancialleaseonthebeginningdateoftheleaseterm,terminatetherecognitionoffinancialleaseassets,andcalculateandrecognizetheinterestincomeofeachperiodintheleasetermaccordingtothefixedperiodicinterestrate.
43.Otherimportantaccountingpoliciesandaccountingestimation
HedgeaccountingThehedgemeanstheriskmanagementactivitywheretheenterprisedesignatesthefinancialinstrumentsasthehedgeinstrumentsfortheriskexposureduetothemanagementofthespecificriskssuchasforeignexchangerisk,interestraterisk,pricerisk,creditrisksothatthefairvalueorthecashflowchanges,whichisexpectedtocountervailallorpartofthefairvalueorcashflowchangeofthehedgedprojects.
1.Inthehedgeaccounting,thehedgeisdividedintofairvaluehedge,cashflowhedge,andnetinvestmenthedgeforoverseasoperation.
2.Onlywhenthefairvaluehedge,cashflowhedge,ornetinvestmenthedgeforoverseasoperationmeetthefollowingconditionsatthesametimecanthehedgeaccountingmethodstipulatedbytheCodeforhandling:
(1)Thehedgerelationshipisonlycomposedofthehedgeinstrumentsandhedgedprojectsthatmeettheconditions;(2)Whenthehedgebegins,theenterpriseofficiallydesignatesthehedgeinstrumentsandhedgedprojectsandpreparesthewrittendocumentsabouthedgerelationshipandtheriskmanagementstrategiesandriskmanagementobjectivesrelatedtothehedgefortheenterprise.Thesedocumentsatleastdescribethehedgeinstrument,hedgedprojects,natureofthehedgedrisks,andevaluationmethodsonhedgeeffectiveness(includingtheformingreasonanalysisforinvalidpartofthehedgeandtherecognitionmethodsofthehedgeratio)etc.(3)Thehedgerelationshipconformstotherequirementsofhedgeeffectiveness.
Ifthehedgemeetsthefollowingconditionsatthesametime,theenterpriseshallidentifythatthehedgerelationshipconformstotherequirementsofhedgeeffectiveness:
(a)Thereistheeconomicrelationshipbetweenthehedgedprojectsandhedgeinstruments.Theeconomicrelationshipmakesthevalueofthehedgeinstrumentsandhedgedprojectschangeinthereversedirectionduetothesamehedgedrisks.
(b)Inthevaluechangegeneratedforthehedgedprojectsandhedgeinstruments,theeffectofthecreditriskisnotdominant.
(c)Thehedgeratioofthehedgerelationshipshallbeequaltotheratiobetweenthehedgedprojectquantityoftheactualhedgefortheenterpriseandtheactualquantityofthehedgeinstrumentsandshallnotreflectthe
unbalanceoftherelativeweightbetweenthehedgedprojectsandhedgeinstruments,whichwillcausethehedgeinvalidationandmaygeneratetheaccountingresultsnotconsistentwiththehedgeaccountingobjectives.Theenterpriseshallcontinuouslyevaluatewhetherthehedgerelationshipconformstothehedgeeffectivenessrequirementswhenthehedgebeginsandduringthesequentperiods,especiallyfortheanalysisoftheformingreasonswhyitisexpectedtoaffectthehedgerelationshipduetotheinvalidpartofthehedgeduringtheresidualperiodsofthehedge.Theenterpriseshallatleastevaluatethehedgerelationshiponthedayofbalancesheetandwhenthemajorchangeswillhappenforrelevantsituationsaffectingthehedgeeffectivenessrequirements.
Ifthehedgerelationshipdoesnotconformtothehedgeeffectivenessrequirementsanymoreduetothehedgeratio,buttheriskmanagementobjectivetodesignatethehedgerelationshipdoesnotchange,theenterpriseshallre-balancethehedgerelationship.
3.Accountinghandlingofthehedge.
(1)Fairvaluehedge
Ifthefairvaluehedgemeetstheconditionsofthehedgeaccountingmethods,itshallbehandledinaccordancewiththeprovisionsbelow:
(a)Theprofitorlossgeneratedbythehedgeinstrumentshallbeincorporatedintotheprofitsandlosses.Ifthehedgeinstrumentisusedtohedgethenon-tradableequityinstrumentinvestment(oritscomponents)whichismeasuredatfairvaluewiththechangesincludinginothercomprehensiveincome,theprofitorlossgeneratedbythehedgeinstrumentsshallbeincorporatedintoothercomprehensiveincome.
(b)Theprofitorlossgeneratedbythehedgedprojectsduetothehedgeriskexposureshallbeincorporatedintothecurrentprofitorloss.Atthesametime,theaccountvalueshallbeadjustedfortheconfirmedhedgedprojectsmeasuredatthefairvalue.
(2)Cashflowhedge
Ifthecashflowvaluehedgemeetstheconditionstoapplythehedgeaccountingmethods,itshallbehandledinaccordancewiththeprovisionsbelow:
(a)Iftheprofitorlossgeneratedbythehedgeinstrumentbelongstothevalidpartofthehedgeasthecashflowhedgereserve,itshallbeincorporatedintoothercomprehensiveincome.Theamountofcashflowhedgereserveincludedinothercomprehensiveincomeineachperiodshallbethechangeamountofcashflowhedgereserveinthecurrentperiod.Theamountofcashflowhedgereserveincludedinothercomprehensiveincomeineachperiodshallbethechangeamountofcashflowhedgereserveinthecurrentperiod.
(b)Iftheprofitorlossgeneratedbythehedgeinstrumentbelongstotheinvalidpartofthehedge(thatis,otherprofitorlossafterdeductingothercomprehensiveincome),itshallbeincorporatedintothecurrentprofitsandlosses.
(3)Netinvestmenthedgeforoverseasoperation
Asforthenetinvestmenthedgeforoverseasoperation,includingthehedgeofmonetaryitemsaccountingaspartofnetinvestment,itshallbehandledinaccordancewiththeprovisionssimilartothecashflowhedgeaccounting:
(a)Iftheprofitorlossgeneratedbythehedgeinstrumentbelongstothevalidpartofthehedge,itshallbeincorporatedintoothercomprehensiveincome.Whenallorpartoftheoverseasbusinessisdisposed,theaboveprofitorlossofhedgeinstrumentsincludedinothercomprehensiveincomeshallbetransferredoutandincorporatedintothecurrentprofitsandlosses.(b)Iftheprofitorlossgeneratedbythehedgeinstrumentbelongstotheinvalidpartofthehedge,itshallbeincorporatedintothecurrentprofitsandlosses.RepurchasesharesIftheCompanyoritssubsidiariessharesareacquiredduetothereductionofregisteredcapitalorrewardofemployees,theamountactuallypaidshallbetreatedasthetreasuryshare,andtherecordshallbemadeforreference.Iftherepurchasesharesarecancelled,thecapitalreservewillbeoffsetbythedifferencebetweenthetotalparvalueofthecancelledsharesandthenumberofcancelledsharesandtheamountpaidfortheactualrepurchase.Ifthecapitalreserveisinsufficienttobeoffset,theretainedearningsshallbeoffset;IftherepurchasesharesareawardedtotheemployeesoftheCompanyasequity-settledshare-basedpayment,whentheemployeesexercisetherighttopurchasethesharesoftheCompanyoritssubsidiariesandreceivetheprice,thecostoftreasurysharesdeliveredtotheemployeesandtheaccumulatedamountofcapitalreserve(othercapitalreserves)duringthewaitingperiodshallberesold,andthecapitalreserve(capitalpremiumorsharepremium)shallbeadjustedaccordingtothedifference.
44.Importantaccountingpolicyandaccountingestimationchanges
(1)Importantaccountingpolicychanges?Applicable□Notapplicable
Contentsandreasonsoftheaccountingpolicychange | Approvalprocedures | Remarks |
OnDecember30,2021,theMinistryofFinanceissuedInterpretationofAccountingStandardsforBusinessEnterprisesNo.15(CK[2021]No.35)(hereinafterreferredtoas"InterpretationNo.15"),andthecontentsof"Accountingtreatmentofexternalsalesofproductsorby-productsproducedbyanenterprisebeforethefixedassetsmeettheexpectedconditionsforuseorduringtheR&Dprocess"and"Judgmentaboutlosscontract"wereimplementedfromJanuary1,2022. | Deliberatedandpassedbythe32ndMeetingofthe7thBoardofDirectors | Thechangesinaccountingpolicieshavenoeffectonthefinancialstatementsinthereportingperiod. |
OnNovember30,2022,theMinistryofFinanceissuedAccountingStandardsforBusinessEnterprisesNo.16(CK[2022]No.31,hereinafterreferredtoas"InterpretationNo.16"),inwhich"accountingtreatmentfordeferredincometaxrelatedtoassetsandliabilitiesarisingfromindividualtransactionsthatarenotexemptfrominitialrecognition"wasimplementedfromJanuary1,2023,allowingenterprisestoexecuteitinadvancefromtheyearofpublication,and"accountingtreatmentfortheincometaximpactofdividendsrelatedtofinancialinstrumentsclassifiedasequityinstrumentsbytheissuer"and"accountingtreatmentforenterprisesmodifyingcash-settledshare-basedpaymentstoequitysettledshare-basedpayments"wereimplementedfromthedateofpublication. | Deliberatedandpassedbythe32ndMeetingofthe7thBoardofDirectors | Thechangesinaccountingpolicieshavenoeffectonthefinancialstatementsinthereportingperiod. |
(2)Importantaccountingestimationchanges
□Applicable?Notapplicable
45.OthersNone
VI.Tax
1.Maintaxtypesandtaxrate
Taxtype | Taxbasis | Taxrate |
VAT(value-addedtax) | Revenuefromsalesofgoods | 13%、9%、6%、3% |
Consumptiontax | Paidturnovertaxamount | 7% |
Citymaintenanceandconstructiontax | Paidturnovertaxamount | 3% |
Corporateincometax | Taxableincome | Pleaserefertothedifferentcorporateincometaxrates,subjectoftaxationandtheirtaxratedisclosuresbelowfordetails. |
Wherethereareanytaxpayerswithdifferentcorporateincometaxrates,detailsshallbedisclosed.
Nameoftaxpayer | Incometaxrate |
ShenzhenTopbandCo.,Ltd. | 15% |
ShenzhenTopbandSoftwareTechnologyCo.,Ltd. | 15% |
ShenzhenTopbandAutomationTechnologyCo.,Ltd. | 25% |
ShenzhenTopbandBatteryCo.,Ltd. | 15% |
ChongqingTopbandIndustrialCo.,Ltd. | 25% |
Topband(HongKong)Co.,Ltd. | 16.5% |
HuizhouTopbandElectricalTechnologyCo.,Ltd. | 15% |
TOPBANDINDIAPRIVATELIMITED | 25.17% |
ShenzhenYAKOAutomationTechnologyCo.,Ltd. | 15% |
ShenzhenAlliedControlSystemCo.,Ltd. | 15% |
ShenzhenYanshengSoftwareCo.,Ltd. | 15% |
NingboTopbandIntelligentControlCo.,Ltd. | 25% |
ShenzhenMeanstoneIntelligentTechnologyCo.,Ltd. | 20% |
HangzhouZhidongMotorTechnologyCo.,Ltd. | 25% |
TaixingNinghuiLithiumBatteryCo.,Ltd. | 15% |
ShenzhenTopbandSupplyChainServicesCo.,Ltd. | 25% |
ShenzhenTopbandInvestmentCo.,Ltd. | 25% |
ShenzhenSparkIOTTechnologyCo.,Ltd. | 20% |
ShenzhenZhongliConsultingCo.,Ltd. | 20% |
ShenzhenTunnuInnovationCo.,Ltd. | 20% |
TUNNUINNOVATION,INC | 21% |
ShenzhenSenxuanTechnologyCo.,Ltd. | 20% |
ShenzhenTengyiIndustrialCo.,Ltd. | 20% |
Topband(Qingdao)IntelligentControlCo.,Ltd. | 20% |
ShenzhenTopbandAutomotiveElectronicsCo.,Ltd. | 20% |
TOPBANDJAPANCo.,Ltd | 23.2% |
TunnuInnovation(HongKong)Limited | 8.25% |
Topband(Vietnam)Co.,ltd | 20% |
TOPBANDSMARTDONGNAI(VIETNAM)Co.,ltd | 20% |
TopbandGermanyGmbH | 15.825% |
HuizhouTopbandLithiumBatteryCo.,Ltd. | 20% |
NantongTopbandYounengTechnologyCo.,Ltd. | 25% |
HuizhouYAKOAutomationTechnologyCo.,Ltd. | 25% |
ShenzhenTopbandMotorCo.,Ltd. | 20% |
ShenzhenYueshangRobotCo.,Ltd. | 20% |
ShenzhenXiaoyouAituInnovationTechnologyCo.,Ltd. | 20% |
HuizhouChidingTechnologyCo.,Ltd. | 20% |
Q.B.PTE.LTD | 17% |
TOPBANDMEXICO,S.DER.L.DEC.V. | 30% |
TOPBANDSMARTEUROPECOMPANYLIMITEDS.R.L. | 16% |
2.Taxpreference
OnDecember11,2020,theCompanyobtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202044206158andissuedbyShenzhenScienceandTechnologyInnovationCommission,ShenzhenFinanceBureauandShenzhenTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2021to2023is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaontheImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.
OnDecember19,2022,ShenzhenTopbandSoftwareTechnologyCo.,Ltd.obtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202244203890andissuedbyShenzhenScienceandTechnologyInnovationCommission,ShenzhenFinanceBureauandShenzhenTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2022to2024is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaontheImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.
OnDecember23,2021,ShenzhenTopbandBatteryCo.,Ltd.obtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202144203102andissuedbyShenzhenScienceandTechnologyInnovationCommission,ShenzhenFinanceBureauandShenzhenTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2021to
2023is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaontheImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.OnDecember20,2021,HuizhouTopbandElectricalTechnologyCo.,Ltd.obtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202144003640andissuedbytheDepartmentofScienceandTechnologyofGuangdongProvince,theDepartmentofFinanceofGuangdongProvince,andGuangdongProvincialTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2021to2023is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaontheImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.
OnDecember23,2021,ShenzhenYAKOAutomationTechnologyCo.,Ltd.obtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202144205479andissuedbyShenzhenScienceandTechnologyInnovationCommission,ShenzhenFinanceBureauandShenzhenTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2021to2023is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaontheImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.
OnDecember23,2021,ShenzhenAlliedControlSystemCo.,Ltd.obtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202144206368andissuedbyShenzhenScienceandTechnologyInnovationCommission,ShenzhenFinanceBureauandShenzhenTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2021to2023is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaontheImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.
OnDecember23,2021,ShenzhenYanshengSoftwareCo.,Ltd.obtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202144207744andissuedbyShenzhenScienceandTechnologyInnovationCommission,ShenzhenFinanceCommissionandShenzhenTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2021to2023is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaontheImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.
OnNovember30,2021,TaixingNinghuiLithiumBatteryCo.,Ltd.obtainedtheCertificateforHigh-techEnterprisethatisnumberedGR202132010782andissuedbytheJiangsuProvincialDepartmentofScienceandTechnology,theDepartmentofFinanceofJiangsuProvince,andJiangsuProvincialTaxService,StateTaxationAdministration.ThisCertificateisvalidwithin3yearsfromthedateofissuance.ThecorporateincometaxrateapplicablefortheCompanyfrom2021to2023is15%inaccordancewithrelevantprovisionsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,RegulationsofthePeople'sRepublicofChinaonthe
ImplementationofEnterpriseIncomeTaxandtheManagementMeasuresfortheCertificationofHigh-techEnterprises.AccordingtoCS[2019]No.13NoticeontheImplementationofInclusiveTaxReliefPoliciesforSmallandMicroBusinesses,thesmallandmicrobusinessesshallpaytheircorporateincometaxesat20%oftaxrate,andreducetheportionofnotmorethanRMB1millionintheirannualtaxableincomesby25%andthatofmorethanRMB1millionbutnotmorethanRMB3millionintheirannualtaxableincomesby50%beforeincludingsuchportionintotheirtaxableincomes.AccordingtoAnnouncementoftheStateTaxationAdministrationonMattersConcerningtheImplementationofPreferentialIncomeTaxPoliciesSupportingtheDevelopmentofSmallLow-ProfitEnterprisesandIndividualIndustrialandCommercialHouseholds(CS[2021]No.12),theannualtaxableincomeofsmallandlow-profitenterprisesshallnotexceedRMB1million.OnthebasisofthepreferentialpoliciesstipulatedinArticle2oftheNoticeoftheMinistryofFinanceandtheStateAdministrationofTaxationonImplementingtheInclusiveTaxDeductionandExemptionPoliciesforMicroandSmallEnterprises(CS[2019]No.
13),thecorporateincometaxwillbehalved.TheprovisionsofthisPolicyapplytoShenzhenSparkIOTTechnologyCo.,Ltd.,ShenzhenTunnuInnovationCo.,Ltd.,HuizhouTopbandBatteryCo.,Ltd.,ShenzhenMeanstoneIntelligentTechnologyCo.,Ltd.,ShenzhenZhongliConsultingCo.,Ltd.,ShenzhenSenxuanTechnologyCo.,Ltd.,ShenzhenTengyiIndustrialCo.,Ltd.,Topband(Qingdao)IntelligentControlCo.,Ltd.,ShenzhenTopbandAutomotiveElectronicsCo.,Ltd.,ShenzhenYueshangRobotCo.,Ltd.,ShenzhenTopbandMotorCo.,Ltd.,ShenzhenXiaoyouAituInnovationTechnologyCo.,Ltd.,andHuizhouChidingTechnologyCo.,Ltd.thataresubsidiariesandsub-subsidiaries.
3.OthersNoneVII.NotestoItemsofConsolidatedFinancialStatements
1.Monetarycapital
Unit:RMB
Items | Endingbalance | Beginningbalance |
Cashonhand | 606,436.16 | 1,015,081.13 |
Bankdeposit | 1,210,218,469.79 | 1,337,414,181.07 |
Othermonetarycapital | 192,201,165.39 | 429,150,793.87 |
Total | 1,403,026,071.34 | 1,767,580,056.07 |
Including:totalamountdepositedabroad | 412,196,063.34 | 177,157,407.23 |
Otherdescription:
1.Othermonetarycapitalmainlyincludesthelarge-denominationcertificatesofdepositofRMB100,000,000.00andthefixed-timedepositofRMB50,000,000.00.
2.Attheendoftheperiod,theotherrestrictedmonetarycapitalamountstoRMB18,937,494.54million.Fordetails,pleaserefertoNote"VII.(LXXXI)"inthisfinancialreport.
3.Attheendoftheperiod,thereisnoamountdepositedoverseasandwiththerepatriationrestricted.
2.Tradablefinancialassets
Unit:RMB
Items | Endingbalance | Beginningbalance |
Financialassetatfairvalueandchangesthroughprofitorloss | 342,959,450.31 | 214,999,336.74 |
Including: | ||
Including:financialproducts | 1,790,866.41 | 4,000,000.00 |
Investmentinequityinstruments | 341,168,583.90 | 210,999,336.74 |
Including: | ||
Total | 342,959,450.31 | 214,999,336.74 |
Otherdescription:
3.Derivativefinancialassets
□Applicable?Notapplicable
4.Notesreceivable
(1)Listofclassificationofnotesreceivable
Unit:RMB
Items | Endingbalance | Beginningbalance |
Bankacceptanceinstruments | 40,056,132.32 | 141,695,340.12 |
Commercialacceptancebill | 11,735,626.58 | 19,964,130.09 |
Total | 51,791,758.90 | 161,659,470.21 |
Unit:RMB
Category | Endingbalance | Beginningbalance | ||||||||
Bookbalance | Provisionforbaddebts | Bookvalue | Bookbalance | Provisionforbaddebts | Bookvalue | |||||
Amount | Proportion | Amount | Proportionofprovision | Amount | Proportion | Amount | Proportionofprovision | |||
Notesreceivablewithsingleprovisionforbaddebts | 40,056,132.32 | 76.78% | 40,056,132.32 | 150,816,667.92 | 93.09% | 150,816,667.92 | ||||
Including: | ||||||||||
Bankacceptancebill | 40,056,132.32 | 76.78% | 40,056,132.32 | 141,695,340.12 | 87.46% | 141,695,340.12 | ||||
Commercialacceptancebill | 9,121,327.80 | 5.63% | 9,121,327.80 | |||||||
Notesreceivablewithprovisionfor | 12,111,069.74 | 23.22% | 375,443.16 | 3.10% | 11,735,626.58 | 11,189,682.44 | 6.91% | 346,880.15 | 3.10% | 10,842,802.29 |
baddebtsbyportfolio | ||||||||||
Including: | ||||||||||
Commercialacceptancebill | 12,111,069.74 | 23.22% | 375,443.16 | 3.10% | 11,735,626.58 | 11,189,682.44 | 6.91% | 346,880.15 | 3.10% | 10,842,802.29 |
Total | 52,167,202.06 | 100.00% | 375,443.16 | 0.72% | 51,791,758.90 | 162,006,350.36 | 100.00% | 346,880.15 | 0.21% | 161,659,470.21 |
Provisionforbaddebtsbyportfolio:375,443.16
Unit:RMB
Name | Endingbalance | ||
Bookbalance | Provisionforbaddebts | Proportionofprovision | |
Commercialacceptancebill | 12,111,069.74 | 375,443.16 | 3.10% |
Total | 12,111,069.74 | 375,443.16 |
Explanationofthebasisfordeterminingtheportfolio:
Iftheprovisionforbaddebtsonnotesreceivableisbasedonthegeneralmodelofexpectedcreditloss,theinformationabouttheprovisionforbaddebtsshallbedisclosedbyreferringtothedisclosuremethodofotherreceivables:
□Applicable?Notapplicable
(2)Provisionforbaddebtswithdrawn,recoveredorreversedincurrentperiodProvisionforbaddebtsinthecurrentperiod:
Unit:RMB
Category | Beginningbalance | Amountchangedinthecurrentperiod | Endingbalance | |||
Provision | Recoverorreversal | Write-off | Other | |||
Provisionforbaddebts-notesreceivable | 346,880.15 | 28,563.01 | 375,443.16 | |||
Total | 346,880.15 | 28,563.01 | 375,443.16 |
Ofwhichtheamountofprovisionforbaddebtsrecoveredorreversedinthecurrentperiodissignificant:
□Applicable?Notapplicable
(3)NotesreceivablepledgedbytheCompanyattheendofperiod
□Applicable?Notapplicable
(4)NotesreceivableendorsedordiscountedbytheCompanyattheendoftheperiodandnotdueyetonbalancesheetdate
Unit:RMB
Items | Amountderecognizedattheendofperiod | Amountnotderecognizedattheendoftheperiod |
Bankacceptanceinstruments | 24,122,359.22 | |
Commercialacceptancebill | 1,000,000.00 | |
Total | 25,122,359.22 |
(5)Notesconvertedintoreceivablesattheendofperiodduetounfulfillmentofdrawer
□Applicable?Notapplicable
(6)Notesreceivableactuallywrittenoffinthecurrentperiod
□Applicable?Notapplicable
5.Accountsreceivable
(1)Disclosureofaccountsreceivablebycategory
Unit:RMB
Category | Endingbalance | Beginningbalance | ||||||||
Bookbalance | Provisionforbaddebts | Bookvalue | Bookbalance | Provisionforbaddebts | Bookvalue | |||||
Amount | Proportion | Amount | Proportionofprovision | Amount | Proportion | Amount | Proportionofprovision | |||
Accountsreceivablewithsingleprovisionforbaddebts | 82,546,521.29 | 3.04% | 82,546,521.29 | 100.00% | 84,081,324.24 | 3.60% | 70,915,243.12 | 84.34% | 13,166,081.13 | |
Including: | ||||||||||
Accountsreceivablewithasinglesignificantamountandsinglebaddebtprovision | 82,546,521.29 | 3.04% | 82,546,521.29 | 100.00% | 82,399,228.54 | 3.53% | 69,233,147.42 | 84.02% | 13,166,081.13 | |
Receivableswithnotsignificantamountbutwithsingleprovisionforbaddebts | 1,682,095.70 | 0.07% | 1,682,095.70 | 100.00% | ||||||
Accountsreceivablewithprovisionforbaddebtsbyportfolio | 2,634,259,443.00 | 96.96% | 84,525,403.34 | 3.21% | 2,549,734,039.66 | 2,247,009,076.28 | 96.40% | 72,013,691.92 | 3.20% | 2,174,995,384.35 |
Including: | ||||||||||
Accountsreceivablewithprovisionforbaddebtsbyagingcombination | 2,634,259,443.00 | 96.96% | 84,525,403.34 | 3.21% | 2,549,734,039.66 | 2,247,009,076.28 | 96.40% | 72,013,691.92 | 3.20% | 2,174,995,384.35 |
Total | 2,716,805,964.29 | 100.00% | 167,071,924.63 | 6.15% | 2,549,734,039.66 | 2,331,090,400.52 | 100.00% | 142,928,935.04 | 6.13% | 2,188,161,465.48 |
Singleprovisionforbaddebts:82,546,521.29
Unit:RMB
Name | Endingbalance | |||
Bookbalance | Provisionforbaddebts | Proportionofprovision | Reasonsforprovision | |
Receivableswithsignificantindividualamountandsingleprovisionforbaddebts | 82,546,521.29 | 82,546,521.29 | 100.00% | Itisdifficulttorecover |
Total | 82,546,521.29 | 82,546,521.29 |
Provisionforbaddebtsbyportfolio:84,525,403.34
Unit:RMB
Name | Endingbalance | ||
Bookbalance | Provisionforbaddebts | Proportionofprovision | |
Accountsreceivablewithprovisionforbaddebtsbycombination(aginganalysismethod) | 2,634,259,443.00 | 84,525,403.34 | 3.21% |
Total | 2,634,259,443.00 | 84,525,403.34 |
Explanationofthebasisfordeterminingtheportfolio:
Iftheprovisionforbaddebtsonnotesreceivableisbasedonthegeneralmodelofexpectedcreditloss,theinformationabouttheprovisionforbaddebtsshallbedisclosedbyreferringtothedisclosuremethodofotherreceivables:
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
Aging | Bookbalance |
Within1year(including1year) | 2,634,692,660.36 |
1-2years | 41,435,174.20 |
2-3years | 37,842,457.63 |
Above3years | 2,835,672.10 |
3-4years | 1,167,983.94 |
4-5years | 1,387,990.68 |
Above5years | 279,697.48 |
Total | 2,716,805,964.29 |
(2)Provisionforbaddebtswithdrawn,recoveredorreversedincurrentperiodProvisionforbaddebtsinthecurrentperiod:
Unit:RMB
Category | Beginningbalance | Amountchangedinthecurrentperiod | Endingbalance | |||
Provision | Recoverorreversal | Write-off | Other | |||
Provisionforbaddebts | 142,928,935.04 | 41,773,385.68 | 17,907,620.17 | 277,224.08 | 167,071,924.63 | |
Total | 142,928,935.04 | 41,773,385.68 | 17,907,620.17 | 277,224.08 | 167,071,924.63 |
Ofwhichtheamountofprovisionforbaddebtsrecoveredorreversedinthecurrentperiodissignificant:
□Applicable?Notapplicable
(3)Accountsreceivableactuallywrittenoffinthecurrentperiod
Unit:RMB
Items | Write-offamount |
Accountsreceivableactuallywrittenoff | 17,907,620.17 |
Ofwhichthesignificantwrite-offsofaccountsreceivable:
Unit:RMB
Nameofunit | Natureofreceivables | Write-offamount | Reasonforwrite-off | Write-offproceduresimplemented | Whetherthepaymentisgeneratedfromrelatedtransactions |
CustomerA | Paymentforgoods | 15,246,555.50 | Itisexpectedtobedifficulttorecovertheaccount | ApprovedbythemanagementoftheCompany | No |
Total | 15,246,555.50 |
Explanationofaccountsreceivablewrittenoff:
(4)Accountsreceivableoftopfiveendingbalancesgroupedbydebtors
Unit:RMB
Nameofunit | Endingbalanceofaccountsreceivable | Proportiontototalendingbalancesofaccountsreceivable | Endingbalanceofprovisionforbaddebts |
No.1 | 879,181,599.43 | 32.36% | 27,272,298.58 |
No.2 | 65,080,405.66 | 2.40% | 65,080,405.66 |
No.3 | 57,925,548.32 | 2.13% | 1,795,692.00 |
No.4 | 54,623,359.26 | 2.01% | 1,693,324.13 |
No.5 | 54,349,143.94 | 2.00% | 1,684,823.46 |
Total | 1,111,160,056.61 | 40.90% |
(5)AmountofassetsandliabilitiesformedbytransferringaccountsreceivableandcontinuingtobeinvolvedOtherdescription:
(6)Accountsreceivablederecognizedduetotransferoffinancialassets
6.Receivablesfinancing
Unit:RMB
Items | Endingbalance | Beginningbalance |
Bankacceptancebill | 79,652,525.19 | 26,520,757.05 |
Accountsreceivable | 173,392,414.33 | 10,381,750.80 |
Yunxin | 1,943,263.08 | |
Total | 254,988,202.60 | 36,902,507.85 |
Changesinincreaseordecreaseinreceivablesfinancingandchangesinfairvalueinthecurrentperiod
□Applicable?NotapplicableIftheprovisionforimpairmentonreceivablesfinancingisbasedonthegeneralmodelofexpectedcreditloss,theinformationabouttheprovisionforimpairmentshallbedisclosedbyreferringtothedisclosuremethodofotherreceivables:
□Applicable?NotapplicableOtherdescription:
7.Prepayments
(1)Listofadvancepaymentsbyaging
Unit:RMB
Aging | Endingbalance | Beginningbalance | ||
Amount | Proportion | Amount | Proportion | |
Within1year | 52,386,993.93 | 98.83% | 40,538,366.14 | 98.11% |
1-2years | 512,018.85 | 0.97% | 666,816.83 | 1.61% |
2-3years | 16,728.11 | 0.03% | 94,392.13 | 0.23% |
Above3years | 89,916.06 | 0.17% | 20,709.92 | 0.05% |
Total | 53,005,656.95 | 41,320,285.02 |
Explanationofthecauseforuntimelysettlementofadvancepaymentsagingmorethanoneyearwithimportantamounts:
(2)AccountsprepaidofthetopfiveprepayingentitiesforendingbalanceThetotalamountofprepaymentsoftopfiveendingbalancesgroupedbydebtorsintheyearwasRMB24,008,214.25,accountingfor45.29%ofthetotalendingbalancesofprepayments.Otherdescription:
8.Otherreceivables
Unit:RMB
Items | Endingbalance | Beginningbalance |
Otherreceivables | 77,743,150.98 | 50,156,221.82 |
Total | 77,743,150.98 | 50,156,221.82 |
(1)Interestreceivable
1)Classificationofinterestreceivable
□Applicable?Notapplicable
2)Significantoverdueinterest
□Applicable?Notapplicable
3)Provisionforbaddebts
□Applicable?Notapplicable
(2)Dividendsreceivable
1)Classificationofinterestreceivable
□Applicable?Notapplicable
2)Importantdividendsreceivableagedover1year
□Applicable?Notapplicable
3)Provisionforbaddebts
□Applicable?Notapplicable
(3)Otherreceivables
1)Classificationofotherreceivablesbynatureofamount
Unit:RMB
Natureofpayment | Bookbalanceattheendoftheperiod | Bookbalanceatthebeginningoftheperiod |
Margin,deposit | 25,628,574.96 | 28,560,062.74 |
Exportrebate | 21,954,980.84 | 14,317,249.26 |
Convertibleloan | 14,000,000.00 | |
Employeepersonalloan | 12,085,358.61 | 11,891,648.41 |
Compensation | 10,820,710.33 |
Other | 882,396.18 | 638,217.83 |
Total | 85,372,020.92 | 55,407,178.24 |
2)Provisionforbaddebts
Unit:RMB
Provisionforbaddebts | Firststage | Secondstage | Thirdstage | Total |
Expectedcreditlossinthenext12months | Expectedcreditlossfortheentireduration(nocreditimpairment) | Expectedcreditlossfortheentireduration(creditimpairmentoccurred) | ||
BalanceasofJanuary1,2022 | 5,250,956.42 | 5,250,956.42 | ||
BalanceasofJanuary1,2022inthecurrentperiod | ||||
Accrualinthecurrentperiod | 2,344,758.98 | 2,344,758.98 | ||
Amountchargedoffinthecurrentperiod | 26,845.33 | 26,845.33 | ||
Other | 59,999.87 | 59,999.87 | ||
BalanceasofDecember31,2022 | 7,628,869.94 | 7,628,869.94 |
Changesinbookbalancewithsignificantchangesinlossreservesinthecurrentperiod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
Aging | Bookbalance |
Within1year(including1year) | 58,018,314.16 |
Subtotalwithin1year | 58,018,314.16 |
1-2years | 18,433,375.67 |
2-3years | 1,554,331.58 |
Above3years | 7,365,999.51 |
3-4years | 5,508,631.96 |
4-5years | 728,086.38 |
Above5years | 1,129,281.17 |
Total | 85,372,020.92 |
3)Baddebtprovisionwithdrawn,recoveredorreversedinthecurrentperiodProvisionforbaddebtsinthecurrentperiod:
Unit:RMB
Category | Beginningbalance | Amountchangedinthecurrentperiod | Endingbalance | |||
Provision | Recoverorreversal | Write-off | Other | |||
Provisionforbaddebts | 5,250,956.42 | 2,344,758.98 | 26,845.33 | 59,999.87 | 7,628,869.94 | |
Total | 5,250,956.42 | 2,344,758.98 | 26,845.33 | 59,999.87 | 7,628,869.94 |
Ofwhichtheamountofprovisionforbaddebtsrecoveredorreversedinthecurrentperiodissignificant:
None
4)Otherreceivablesactuallywrittenoffinthecurrentperiod
Unit:RMB
Items | Write-offamount |
Otheraccountsreceivablecancelledafterverification | 26,845.33 |
Ofwhichthesignificantwrite-offsofotherreceivables:None
5)Otherreceivablesoftopfiveendingbalancesgroupedbydebtors
Unit:RMB
Nameofunit | Natureofpayment | Endingbalance | Aging | Proportiontototalendingbalancesofotherreceivables | Endingbalanceofprovisionforbaddebts |
No.1 | Exportrebate | 21,954,980.84 | Within1year | 25.72% | |
No.2 | Convertibleloan | 14,000,000.00 | Within1year,1-2years | 16.40% | |
No.3 | Compensation | 10,820,710.33 | Within1year | 12.67% | 541,035.52 |
No.4 | Margin,deposit | 3,500,000.00 | 1-2years | 4.10% | 350,000.00 |
No.5 | Margin,deposit | 3,499,529.44 | 1-2years | 4.10% | 349,952.94 |
Total | 53,775,220.61 | 62.99% | 1,240,988.46 |
6)ReceivablesinvolvinggovernmentsubsidiesNone
7)OtherreceivablesderecognizedduetotransferoffinancialassetsNone
8)AmountofassetsandliabilitiesformedbytransferringotherreceivablesandcontinuingtobeinvolvedNone
9.InventoryWhethertheCompanyisrequiredtocomplywiththedisclosurerequirementsoftherealestateindustryNo
(1)Inventoryclassification
Unit:RMB
Items | Endingbalance | Beginningbalance | ||||
Bookbalance | Provisionfordeclineinvalueofinventoriesorprovisionforimpairmentofcontractperformancecost | Bookvalue | Bookbalance | Provisionfordeclineinvalueofinventoriesorprovisionforimpairmentofcontractperformancecost | Bookvalue | |
Rawmaterials | 1,173,950,054.61 | 83,688,904.02 | 1,090,261,150.59 | 1,373,010,350.15 | 87,214,891.71 | 1,285,795,458.44 |
Goodsinprocess | 125,103,265.61 | 125,103,265.61 | 108,042,400.38 | 108,042,400.38 | ||
Goodsonhand | 577,199,818.92 | 12,958,236.03 | 564,241,582.89 | 601,322,955.25 | 15,914,381.24 | 585,408,574.01 |
Goodsshippedintransit | 114,595,833.38 | 3,797,469.37 | 110,798,364.01 | 122,939,046.46 | 3,114,595.53 | 119,824,450.93 |
Self-manufacturedsemi-finishedproduct | 107,289,297.10 | 4,809,578.57 | 102,479,718.53 | 80,789,830.11 | 3,180,906.96 | 77,608,923.15 |
Materialsentrustedforprocessing | 2,670.00 | 2,670.00 | 7,625,498.26 | 7,625,498.26 | ||
Lowpricedandeasilywornarticles | 65,460.90 | 65,460.90 | 97,460.87 | 97,460.87 | ||
Total | 2,098,206,400.52 | 105,254,187.99 | 1,992,952,212.53 | 2,293,827,541.48 | 109,424,775.44 | 2,184,402,766.04 |
(2)Provisionfordeclineinvalueofinventoriesandprovisionforimpairmentofcontractperformancecost
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decreaseamountinthecurrentperiod | Endingbalance | ||
Provision | Other | Reversalorwrite-off | Other | |||
Rawmaterials | 87,214,891.71 | 59,729,903.67 | 61,424.83 | 63,317,316.19 | 83,688,904.02 | |
Goodsonhand | 15,914,381.24 | 4,289,405.37 | 3,577.15 | 7,249,127.73 | 12,958,236.03 | |
Goodsshippedintransit | 3,114,595.53 | 780,920.74 | 98,046.90 | 3,797,469.37 | ||
Self-manufacturedsemi-finishedproduct | 3,180,906.96 | 5,157,733.16 | 3,573.67 | 3,532,635.22 | 4,809,578.57 | |
Total | 109,424,775.44 | 69,957,962.94 | 68,575.65 | 74,197,126.04 | 105,254,187.99 |
(3)ExplanationofcapitalizedamountofborrowingcostsincludedinendingbalanceofinventoryNone
(4)ExplanationofcurrentamortizationamountofcontractperformancecostNone
10.ContractualassetsIftheprovisionforbaddebtsoncontractualassetsisbasedonthegeneralmodelofexpectedcreditloss,theinformationabouttheprovisionforbaddebtsshallbedisclosedbyreferringtothedisclosuremethodofotherreceivables:
□Applicable?NotapplicableProvisionforimpairmentofcurrentcontractassets:
None
11.Assetsheldforsale
None
12.Non-currentassetsduewithinoneyearNone
13.Othercurrentassets
Unit:RMB
Items | Endingbalance | Beginningbalance |
VATtobededucted | 143,163,557.71 | 92,861,498.25 |
Otherprepaidtaxes | 10,472,653.58 | 19,851,631.11 |
IPO-relatedfees | 1,490,566.02 | 358,490.57 |
Total | 155,126,777.31 | 113,071,619.93 |
Otherdescription:
None
14.Debtinvestment
□Applicable?NotapplicableOtherdescriptions:None
15.Otherdebtinvestment
□Applicable?NotapplicableOtherdescription:
16.Long-termreceivables
(1)Situationoflong-termreceivables
□Applicable?Notapplicable
(2)Long-termreceivablesderecognizedduetotransferoffinancialassets
(3)Amountofassetsandliabilitiesformedbytransferringlong-termreceivablesandcontinuingtobeinvolvedOtherdescriptions:None
17.Long-termequityinvestment
Unit:RMB
Investee | Beginningbalance(bookvalue) | Changesinincreaseordecreaseinthecurrentperiod | Endingbalance(bookvalue) | Endingbalanceofprovisionforimpairment | |||||||
Additionalinvestment | Decreaseininvestment | Profitsandlossesoninvestmentrecognizedunderequitymethod | Adjustmenttoothercomprehensiveincome | Otherchangesinequity | Declarationofdistributionforcashdividendsorprofits | Provisionforimpairment | Other | ||||
I.Jointventure | |||||||||||
II.Associatedenterprises | |||||||||||
Tai'anYuchengxinPowerSupplyTechnologyCo.,Ltd. | 9,764,719.19 | ||||||||||
ShenzhenDakaOptoelectronicsCo.,Ltd. | 5,975,059.85 | -88,713.69 | 5,886,346.16 | ||||||||
PasElectronicTechnology(Nanjing)Co.,Ltd. | 7,967,433.99 | -1,038,598.09 | 6,928,835.90 | ||||||||
ShanghaiYidongPowerTechnologyCo.,Ltd. | 12,176,633.98 | -1,441,157.13 | 10,735,476.85 | ||||||||
Subtotal | 26,119,127.82 | -2,568,468.91 | 23,550,658.91 | 9,764,719.19 | |||||||
Total | 26,119,127.82 | -2,568,468.91 | 23,550,658.91 | 9,764,719.19 |
Otherdescriptions:None
18.InvestmentinotherequityinstrumentsNone
19.Othernon-currentfinancialassetsNone
20.Investmentproperty
(1)Investmentpropertywithcostmeasurementmodel?Applicable□Notapplicable
Unit:RMB
Items | Housesandbuildings | Landusageright | Constructioninprogress | Total |
I.Originalbookvalue | ||||
1.Beginningbalance | 94,945,556.51 | 94,945,556.51 | ||
2.Increaseinthecurrentperiod | 24,125,005.55 | 24,125,005.55 | ||
(1)Outsourcing | ||||
(2)Transferinofinventory,fixedassetsandconstructioninprogress | 24,125,005.55 | 24,125,005.55 | ||
(3)Incrementfromconsolidation | ||||
3.Decreaseinthecurrentperiod | ||||
(1)Disposal | ||||
(2)Othertransferout | ||||
4.Endingbalance | 119,070,562.06 | 119,070,562.06 | ||
II.Accumulateddepreciationandaccumulatedamortization | ||||
1.Beginningbalance | 7,970,442.20 | 7,970,442.20 | ||
2.Increaseinthecurrentperiod | 4,857,342.01 | 4,857,342.01 | ||
(1)Provisionoramortization | 2,592,503.52 | 2,592,503.52 | ||
(2)Depreciationtransfer-inoffixedassets | 2,264,838.49 | 2,264,838.49 | ||
3.Decreaseinthecurrentperiod | ||||
(1)Disposal | ||||
(2)Othertransferout | ||||
4.Endingbalance | 12,827,784.21 | 12,827,784.21 | ||
III.Provisionforimpairment | ||||
1.Beginningbalance | ||||
2.Increaseinthecurrentperiod | ||||
(1)Accrual | ||||
3.Decreaseinthecurrentperiod | ||||
(1)Disposal | ||||
(2)Othertransferout | ||||
4.Endingbalance | ||||
IV.Bookvalue | ||||
1.Endingbookvalue | 106,242,777.85 | 106,242,777.85 |
2.Beginningbookvalue | 86,975,114.31 | 86,975,114.31 |
(2)Investmentpropertywithfairvaluemeasurementmodel
□Applicable?Notapplicable
(3)InvestmentpropertywithoutpropertycertificateoftitleNone
21.Fixedassets
Unit:RMB
Items | Endingbalance | Beginningbalance |
Fixedassets | 1,840,358,093.74 | 1,299,517,887.54 |
Total | 1,840,358,093.74 | 1,299,517,887.54 |
(1)Situationaboutfixedassets
Unit:RMB
Items | Housesandbuildings | Machineryandequipment | Transportationequipment | Officeequipmentandothers | Total |
I.Originalbookvalue: | |||||
1.Beginningbalance | 816,035,996.54 | 863,846,203.58 | 2,552,040.27 | 59,078,081.95 | 1,741,512,322.34 |
2.Increaseinthecurrentperiod | 419,186,324.48 | 282,998,527.08 | 621,093.26 | 10,684,365.39 | 713,490,310.21 |
(1)Purchase | 139,646,793.81 | 582,718.38 | 10,319,361.01 | 150,548,873.20 | |
(2)Transferintoprojectsunderconstruction | 417,392,956.11 | 139,326,339.05 | 556,719,295.16 | ||
(3)Incrementfromconsolidation | |||||
(4)Impactofexchangeratechanges | 1,793,368.37 | 4,025,394.22 | 38,374.88 | 365,004.38 | 6,222,141.85 |
3.Decreaseinthecurrentperiod | 24,585,353.16 | 25,832,082.55 | 220,383.14 | 2,330,239.36 | 52,968,058.21 |
(1)Disposalorscrapping | 25,832,082.55 | 220,383.14 | 2,330,239.36 | 28,382,705.05 | |
(2)Decreaseoftransfer-outofinvestmentproperty | 24,125,005.55 | 24,125,005.55 | |||
(3)Transferintoprojectsunderconstruction | 460,347.61 | 460,347.61 | |||
4.Endingbalance | 1,210,636,967.86 | 1,121,012,648.11 | 2,952,750.39 | 67,432,207.98 | 2,402,034,574.34 |
II.Accumulateddepreciation | |||||
1.Beginningbalance | 118,546,655.80 | 293,028,629.51 | 2,159,834.87 | 28,259,314.62 | 441,994,434.80 |
2.Increaseinthecurrentperiod | 27,647,052.98 | 107,387,569.44 | 338,235.67 | 9,595,146.22 | 144,968,004.31 |
(1)Accrual | 27,743,709.19 | 107,672,099.44 | 334,441.58 | 9,473,750.89 | 145,224,001.10 |
(2)Impactofexchangeratechanges | -96,656.21 | -284,530.00 | 3,794.09 | 121,395.33 | -255,996.79 |
3.Decreaseinthecurrentperiod | 2,264,838.49 | 20,839,388.93 | 209,363.98 | 1,972,367.11 | 25,285,958.51 |
(1)Disposalorscrapping | 20,839,388.93 | 209,363.98 | 1,972,367.11 | 23,021,120.02 | |
(2)Decreaseoftransfer-outofinvestmentproperty | 2,264,838.49 | 2,264,838.49 | |||
4.Endingbalance | 143,928,870.29 | 379,576,810.02 | 2,288,706.56 | 35,882,093.73 | 561,676,480.60 |
III.Provisionforimpairment | |||||
1.Beginningbalance | |||||
2.Increaseinthecurrentperiod | |||||
(1)Accrual | |||||
3.Decreaseinthecurrentperiod | |||||
(1)Disposalorscrapping |
4.Endingbalance
4.Endingbalance | |||||
IV.Bookvalue | |||||
1.Endingbookvalue | 1,066,708,097.57 | 741,435,838.09 | 664,043.83 | 31,550,114.25 | 1,840,358,093.74 |
2.Beginningbookvalue | 697,489,340.74 | 570,817,574.07 | 392,205.40 | 30,818,767.33 | 1,299,517,887.54 |
(2)TemporaryidlefixedassetsNone
(3)FixedassetsleasedoutthroughoperatingleaseNone
(4)Fixedassetswithoutcertificateoftitle
Unit:RMB
Items | Bookvalue | Reasonsforfailuretocompletecertificateoftitle |
VietnamTopbandProperty | 1,148,158.87 | Thepropertyrightsarecurrentlybeingprocessed |
PlantinDongNai,Vietnam | 73,052,318.39 | Shortcompletiontime,thepropertyrightsarecurrentlybeingprocessed |
Topband(India)Plant | 87,159,009.95 | Shortcompletiontime,thepropertyrightsarecurrentlybeingprocessed |
Otherdescription:
None
(5)DisposaloffixedassetsNone
22.Constructioninprogress
Unit:RMB
Items | Endingbalance | Beginningbalance |
Constructioninprogress | 234,775,312.11 | 495,248,025.93 |
Total | 234,775,312.11 | 495,248,025.93 |
(1)Projectsunderconstruction
Unit:RMB
Items | Endingbalance | Beginningbalance | ||||
Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
NingboTopbandIndustrialPark | 6,548,784.76 | 6,548,784.76 | 342,090,917.50 | 342,090,917.50 | ||
Testequipmenttobecommissioned | 90,444,560.92 | 90,444,560.92 | 102,011,463.64 | 102,011,463.64 | ||
ChongqingYiyuan | 16,356,912.92 | 16,356,912.92 | ||||
Topband(India)Plant | 5,360,095.79 | 5,360,095.79 | 15,671,909.07 | 15,671,909.07 | ||
VietnamDongNaiDecoration | 1,229,894.49 | 1,229,894.49 | 7,740,644.30 | 7,740,644.30 | ||
HuizhouYAKOAutomationPlant | 78,399,893.68 | 78,399,893.68 | 3,452,853.07 | 3,452,853.07 | ||
DecorationofHuizhouPlant | 1,155,051.38 | 1,155,051.38 | 2,966,677.50 | 2,966,677.50 | ||
HuizhouElectricalNo.2IndustrialParkPhase-IProject | 16,352,994.82 | 16,352,994.82 | 2,916,753.17 | 2,916,753.17 | ||
QingdaoPlant | 1,804,902.19 | 1,804,902.19 | 1,086,337.54 | 1,086,337.54 | ||
DormitoryrenovationofHuizhouplant | 689,406.28 | 689,406.28 | 953,557.22 | 953,557.22 | ||
NantongLithiumBatteryIndustrialPark | 5,259,209.25 | 5,259,209.25 | ||||
Sporadicitems | 3,113,633.24 | 3,113,633.24 | ||||
RomaniaPlant | 22,102,695.19 | 22,102,695.19 | ||||
PlantDecorationinShenzhen | 2,314,190.12 | 2,314,190.12 | ||||
Total | 234,775,312.11 | 234,775,312.11 | 495,248,025.93 | 495,248,025.93 |
(2)Changesintheimportantprojectsunderconstructioninthecurrentperiod
Unit:RMB
Projectname | Budget | Beginningbalance | Increaseinthecurrentperiod | Amountoftransferintofixedassetsthisperiod | Otherdecrementsthisperiod | Endingbalance | Proportionofaccumulatedprojectinvestmentinbudget | Projectprogress | Accumulatedamountofinterestcapitalization | Including:interestcapitalizationamountinthecurrentperiod | Interestcapitalizationrateinthecurrentperiod | Sourceofcapitals |
ChongqingYiyuan | 230,000,000.00 | 16,356,912.92 | 14,443,726.59 | 0.00 | 30,800,639.51 | 0.00 | 96.44% | 100% | Capitalraising | |||
TopbandHuizhouNo.2IndustrialPark | 800,000,000.00 | 2,916,753.17 | 13,436,241.65 | 0.00 | 0.00 | 16,352,994.82 | 1.68% | 2% | Other | |||
NingboTopbandIndustrialPark | 465,704,300.00 | 342,090,917.50 | 56,336,651.75 | 391,878,784.49 | 0.00 | 6,548,784.76 | 85.55% | 86% | 5,062,500.00 | 4,941,000.00 | 4.12% | Other |
HuizhouYAKOAutomationPlant | 370,000,000.00 | 3,452,853.07 | 74,947,040.61 | 0.00 | 0.00 | 78,399,893.68 | 20.26% | 21% | Other | |||
Topband(India)Plant | 136,004,000.00 | 15,671,909.07 | 749,435.36 | 10,977,014.66 | 84,233.98 | 5,360,095.79 | 85.57% | 86% | Other | |||
PlantDecorationinRomania | 31,220,000.00 | 21,104,060.60 | -998,634.59 | 22,102,695.19 | 70.80% | 71% | Other | |||||
Total | 2,032,928,300.00 | 380,489,345.73 | 181,017,156.56 | 402,855,799.15 | 29,886,238.90 | 128,764,464.24 | 5,062,500.00 | 4,941,000.00 |
(3)ProvisionforimpairmentofprojectunderconstructioninthecurrentperiodNone
(4)EngineeringmaterialsOtherdescriptions:None
23.Productivebiologicalassets
(1)Productivebiologicalassetswithcostmeasurementmodel
□Applicable?Notapplicable
(2)Productivebiologicalassetswithfairvaluemeasurementmodel
□Applicable?Notapplicable
24.Oilandgasassets
□Applicable?Notapplicable
25.Right-of-useassets
Unit:RMB
Items | Housesandbuildings | Total |
I.Originalbookvalue | ||
1.Beginningbalance | 74,075,277.49 | 74,075,277.49 |
2.Increaseinthecurrentperiod | 84,765,139.75 | 84,765,139.75 |
(1)Newlease | 81,307,922.91 | 81,307,922.91 |
(2)Contractchange | 414,889.93 | 414,889.93 |
(3)Impactofexchangeratechanges | 3,042,326.91 | 3,042,326.91 |
3.Decreaseinthecurrentperiod | 7,617,693.88 | 7,617,693.88 |
(1)Contracttermination | 4,524,536.41 | 4,524,536.41 |
(2)Contractchange | 3,093,157.47 | 3,093,157.47 |
4.Endingbalance | 151,222,723.36 | 151,222,723.36 |
II.Accumulateddepreciation | ||
1.Beginningbalance | 15,907,125.61 | 15,907,125.61 |
2.Increaseinthecurrentperiod | 31,615,539.58 | 31,615,539.58 |
(1)Accrual | 31,143,855.37 | 31,143,855.37 |
(2)Impactofexchangeratechanges | 471,684.21 | 471,684.21 |
3.Decreaseinthecurrentperiod | 2,496,843.70 | 2,496,843.70 |
(1)Disposal | 1,957,544.11 | 1,957,544.11 |
(2)Contractchange | 539,299.59 | 539,299.59 |
4.Endingbalance | 45,025,821.49 | 45,025,821.49 |
III.Provisionforimpairment | ||
1.Beginningbalance | ||
2.Increaseinthecurrentperiod | ||
(1)Accrual | ||
3.Decreaseinthecurrentperiod | ||
(1)Disposal | ||
4.Endingbalance | ||
IV.Bookvalue | ||
1.Endingbookvalue | 106,196,901.87 | 106,196,901.87 |
2.Beginningbookvalue | 58,168,151.88 | 58,168,151.88 |
Otherdescription:
None
26.Intangibleassets
(1)Situationofintangibleassets
Unit:RMB
Items | Landusageright | Patentright | Non-patentedtechnology | Software | Trademark | Total |
I.Originalbookvalue | ||||||
1.Beginningbalance | 238,231,231.17 | 435,321.58 | 395,881,185.31 | 23,753,932.01 | 9,728,450.00 | 668,030,120.07 |
2.Increaseinthecurrentperiod | 102,556,578.02 | 92,727,166.97 | 3,702,926.37 | 198,986,671.36 | ||
(1)Purchase | 100,690,355.00 | 3,702,926.37 | 104,393,281.37 | |||
(2)InternalR&D | 92,727,166.97 | 92,727,166.97 | ||||
(3)Incrementfromconsolidation | ||||||
(4)Impactofexchangeratechanges | 1,866,223.02 | 1,866,223.02 | ||||
3.Decreaseinthecurrentperiod | ||||||
(1)Disposal | ||||||
4.Endingbalance | 340,787,809.19 | 435,321.58 | 488,608,352.28 | 27,456,858.38 | 9,728,450.00 | 867,016,791.43 |
II.Accumulatedamortization | ||||||
1.Beginningbalance | 15,679,029.95 | 435,321.58 | 190,562,973.49 | 20,088,159.26 | 5,624,862.50 | 232,390,346.78 |
2.Increaseinthecurrentperiod | 5,660,627.69 | 78,437,175.55 | 2,671,302.82 | 541,024.02 | 87,310,130.08 | |
(1)Accrual | 5,840,158.87 | 78,437,175.55 | 2,671,302.82 | 541,024.02 | 87,489,661.26 | |
(2)Impactofexchangeratechanges | -179,531.18 | -179,531.18 | ||||
3.Decreaseinthecurrentperiod |
(1)Disposal
4.Endingbalance
4.Endingbalance | 21,339,657.64 | 435,321.58 | 269,000,149.04 | 22,759,462.08 | 6,165,886.52 | 319,700,476.86 |
III.Provisionforimpairment | ||||||
1.Beginningbalance | ||||||
2.Increaseinthecurrentperiod | ||||||
(1)Accrual |
3.Decreaseinthecurrentperiod
3.Decreaseinthecurrentperiod |
(1)Disposal |
4.Endingbalance
4.Endingbalance | ||||||
IV.Bookvalue | ||||||
1.Endingbookvalue | 319,448,151.55 | 219,608,203.24 | 4,697,396.30 | 3,562,563.48 | 547,316,314.57 | |
2.Beginningbookvalue | 222,552,201.22 | 205,318,211.82 | 3,665,772.75 | 4,103,587.50 | 435,639,773.29 |
TheproportionofintangibleassetsformedthroughinternalR&Dinthebalanceofintangibleassetsattheendoftheperiodaccountedfor40.12%.
(2)Situationoflandusagerightwithoutpropertycertificateoftitle
Unit:RMB
Items | Bookvalue | Reasonsforfailuretocompletecertificateoftitle |
TopbandHuizhouNo.2IndustrialPark | 160,665,255.00 | Intheprocessofbiddinginsuccession;thepropertycertificateoftitlewillbeuniformlyprocessedafterallbiddingiscompleted |
Otherdescription:
27.Developmentexpenditure
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decreaseamountinthecurrentperiod | Endingbalance | ||||
Internaldevelopmentexpenditure | Other | Recognizedasintangibleassets | Transferredtocurrentprofitandloss | |||||
Intelligentcontrollerproject | 43,894,360.09 | 85,684,563.60 | 59,315,150.54 | 70,263,773.15 | ||||
Lithiumbatteryproject | 6,675,242.57 | 15,624,502.69 | 9,609,964.21 | 12,689,781.05 | ||||
Motorandcontrolsystemproject | 10,500,319.42 | 20,867,627.51 | 13,374,187.99 | 17,993,758.94 | ||||
Otherprojects | 5,288,485.40 | 5,139,378.83 | 10,427,864.23 | |||||
Total | 66,358,407.48 | 127,316,072.63 | 92,727,166.97 | 100,947,313.14 |
Otherdescription:
None
28.Goodwill
(1)Originalbookvalueofgoodwill
Unit:RMB
Nameofinvesteesoritemsforminggoodwill | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance | |
Disposalformedbyconsolidation | |||||
ShenzhenYAKOAutomationTechnologyCo.,Ltd. | 107,314,446.71 | 107,314,446.71 | |||
ShenzhenAlliedControlSystemCo.,Ltd. | 53,768,699.68 | 53,768,699.68 | |||
ShenzhenMeanstoneIntelligentTechnologyCo.,Ltd. | 3,006,892.59 | 3,006,892.59 | |||
HangzhouZhidongMotorTechnologyCo.,Ltd. | 1,322,921.77 | 1,322,921.77 | |||
TaixingNinghuiLithiumBatteryCo.,Ltd. | 1,962,891.12 | 1,962,891.12 | |||
ShenzhenTengyiIndustrialCo.,Ltd. | 131,783.24 | 131,783.24 | |||
Total | 167,507,635.11 | 167,507,635.11 |
(2)Impairmentofgoodwill
Unit:RMB
Nameofinvesteesoritemsforminggoodwill | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance | |
Provision | |||||
ShenzhenAlliedControlSystemCo.,Ltd. | 53,768,699.68 | 53,768,699.68 | |||
ShenzhenMeanstoneIntelligentTechnologyCo.,Ltd. | 3,006,892.59 | 3,006,892.59 | |||
Total | 56,775,592.27 | 56,775,592.27 |
InformationabouttheassetgrouporportfolioofgoodwillNoneExplanationofgoodwillimpairmenttestprocess,keyparameters(e.g.growthrateduringtheforecastperiod,growthrateduringthestabilizationperiod,profitability,discountrate,forecastperiod,etc.whenthepresentvalueoffuturecashflowisexpected)andmethodforrecognizingimpairmentlossofgoodwill:
NoneImpactofgoodwillimpairmenttestNoneOtherdescription:
None
29.Long-termdeferredexpense
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Amortizationinthecurrentperiod | Otherreducedamount | Endingbalance |
Decorationcost | 94,763,914.58 | 74,545,676.87 | 35,494,154.27 | 1,724,608.74 | 132,090,828.44 |
Other | 387,701.80 | 138,734.83 | 118,230.18 | 130,736.79 | |
Total | 95,151,616.38 | 74,545,676.87 | 35,632,889.10 | 1,842,838.92 | 132,221,565.23 |
Otherdescription:
None
30.Deferredtaxassets/deferredtaxliabilities
(1)Non-offsetdeferredtaxassets
Unit:RMB
Items | Endingbalance | Beginningbalance | ||
Deductibletemporarydifferences | Deferredtaxassets | Deductibletemporarydifferences | Deferredtaxassets | |
Provisionforassetimpairment | 281,652,280.08 | 43,628,391.64 | 261,692,978.84 | 40,332,191.17 |
Deductibleloss | 188,813,388.08 | 39,381,980.91 | 69,221,226.16 | 13,336,499.73 |
Amortizationdifferencesonintangibleassets | 94,689,166.74 | 14,203,375.01 | 60,259,563.87 | 9,038,934.58 |
Deferredincome | 13,245,250.14 | 1,986,787.52 | 14,150,200.00 | 2,122,530.00 |
Equityincentiveexpenses | 62,111,490.83 | 9,316,723.62 | 253,046,279.23 | 37,956,941.88 |
Total | 640,511,575.87 | 108,517,258.70 | 658,370,248.10 | 102,787,097.36 |
(2)Deferredtaxliabilitieswithoutoffset
Unit:RMB
Items | Endingbalance | Beginningbalance | ||
Taxabletemporarydifference | Deferredtaxliabilities | Taxabletemporarydifference | Deferredtaxliabilities | |
Valuationandappreciationofassetsofbusinessconsolidationunderdifferentcontrol | 857,693.62 | 128,654.04 | 2,589,919.73 | 388,487.96 |
Changesinfairvalueoftradablefinancialassets | 235,561,014.47 | 39,250,529.22 | 147,744,707.31 | 22,161,706.10 |
Book-taxdifferenceoffixedassetsdepreciation | 51,414,751.05 | 10,622,182.15 | 10,334,504.12 | 2,570,545.66 |
Book-taxdifferenceofrentalincome | 4,571,154.88 | 1,142,788.72 | 4,638,866.49 | 1,159,716.62 |
Total | 292,404,614.02 | 51,144,154.13 | 165,307,997.65 | 26,280,456.34 |
(3)Deferredtaxassetsorliabilitieslistedbynetamountafteroffset
Unit:RMB
Items | Amountofoffsetbetweendeferredtaxassetsandliabilitiesattheendoftheperiod | Endingbalanceofdeferredtaxassetsorliabilitiesafteroffset | Amountofmutualoffsetbetweendeferredtaxassetsandliabilitiesatthebeginningoftheperiod | Beginningbalanceofdeferredtaxassetsorliabilitiesafteroffset |
Deferredtaxassets | 108,517,258.70 | 102,787,097.36 | ||
Deferredtaxliabilities | 51,144,154.13 | 26,280,456.34 |
(4)Detailsofunrecognizeddeferredtaxassets
Unit:RMB
Items | Endingbalance | Beginningbalance |
Deductibletemporarydifferences | 13,989,990.57 | 6,322,216.54 |
Deductibleloss | 73,447,423.03 | 32,682,476.84 |
Total | 87,437,413.60 | 39,004,693.38 |
(5)Deductiblelossofunrecognizeddeferredtaxassetswillmatureinthefollowingyears
Unit:RMB
Year | Endingamount | Beginningamount | Remarks |
2023 | |||
2024 | |||
2025 | 2,034,722.96 | ||
2026 | 14,435,579.52 | 2,183,482.54 | |
2027 | 27,240,120.80 | ||
Notimelimit | 29,736,999.75 | 30,498,994.30 | |
Total | 73,447,423.03 | 32,682,476.84 |
Otherdescription:
Thedeductiblelossesofunrecognizeddeferredtaxassetswithnomaturityperiodarerecoverablelossesofoverseassubsidiaries,andtherearenolocalpolicyrequirementsfordeductibleperiods.
31.Othernon-currentassets
Unit:RMB
Items | Endingbalance | Beginningbalance | ||||
Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
Prepaymentforlong-termassets | 172,371,288.80 | 172,371,288.80 | 72,041,428.40 | 72,041,428.40 | ||
Total | 172,371,288.80 | 172,371,288.80 | 72,041,428.40 | 72,041,428.40 |
Otherdescription:
32.Short-termloans
(1)Classificationofshort-termborrowings:
Unit:RMB
Items | Endingbalance | Beginningbalance |
Creditloan | 12,325,580.00 | 150,321,259.95 |
Letterofcredit | 265,000,000.00 | 250,000,000.00 |
Billsreceivablediscountedbutnotdue | 6,025,915.57 | 9,209,847.31 |
Total | 283,351,495.57 | 409,531,107.26 |
Explanationofclassificationofshort-termloans:
(2)Overdueshort-termloansThetotalamountofoverduebutnotrepaidshort-termloansattheendofthecurrentperiodisRMB0.00,ofwhichtheimportantoverduebutnotrepaidshort-termloansareasfollows:
NoneTheCompanyhasnooverdueandoutstandingshort-termloans.
33.TradablefinancialliabilitiesOtherdescriptions:None
34.DerivativefinancialliabilitiesNone
35.Notespayable
Unit:RMB
Category | Endingbalance | Beginningbalance |
Bankacceptancebill | 1,065,652,340.80 | 1,231,106,148.24 |
Total | 1,065,652,340.80 | 1,231,106,148.24 |
ThetotalamountofnotespayableduebutunpaidattheendofthecurrentperiodwasRMB.
36.Accountspayable
(1)Accountspayablelisted
Unit:RMB
Items | Endingbalance | Beginningbalance |
Within1year(including1year) | 1,601,875,172.01 | 1,493,504,084.34 |
1-2years(including2years) | 940,565.81 | 11,697,003.66 |
2-3years(including3years) | 2,570,462.09 | 4,533,633.55 |
Above3years | 1,060,004.11 | 1,550,275.01 |
Total | 1,606,446,204.02 | 1,511,284,996.56 |
(2)Significantaccountspayableagedover1yearOtherdescriptions:None
37.Advancesreceived
(1)Advancesreceivedlisted
Unit:RMB
Items | Endingbalance | Beginningbalance |
Within1year(including1year) | 1,130,165.23 | 353,895.16 |
Total | 1,130,165.23 | 353,895.16 |
(2)Importantadvancereceiptswithagingover1year
None
38.Contractualliabilities
Unit:RMB
Items | Endingbalance | Beginningbalance |
Advancesonsales | 138,281,929.17 | 93,328,006.70 |
Total | 138,281,929.17 | 93,328,006.70 |
AmountofandreasonsforsignificantchangesinbookvalueduringthereportingperiodNone
39.Employeecompensationpayable
(1)Presentationofemployeepaypayable
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance |
I.Short-termcompensation | 198,774,619.59 | 1,505,670,146.03 | 1,497,633,790.18 | 206,810,975.44 |
II.Post-employmentbenefits-definedcontributionplan | 89,176.43 | 73,955,182.36 | 73,875,561.08 | 168,797.71 |
Total | 198,863,796.02 | 1,579,625,328.39 | 1,571,509,351.26 | 206,979,773.15 |
(2)Reportingofshort-termremuneration
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance |
1.Wages,bonuses,allowancesandsubsidies | 196,488,729.39 | 1,413,593,339.14 | 1,406,403,090.58 | 203,678,977.95 |
2.Employeebenefits | 647,448.84 | 35,734,430.35 | 36,338,653.04 | 43,226.15 |
3.Socialinsuranceexpense | 146,677.04 | 26,901,696.38 | 26,518,870.09 | 529,503.33 |
Including:medicalinsurancepremiums | 141,117.22 | 24,127,660.38 | 23,743,673.24 | 525,104.36 |
Industrialinjuryinsuranceexpense | 3,334.60 | 934,123.20 | 933,058.83 | 4,398.97 |
Maternityinsuranceexpense | 2,225.22 | 1,839,912.80 | 1,842,138.02 | |
4.Housingprovidentfund | 27,790,066.90 | 27,790,066.90 | ||
5.Tradeunionfundsandstaffeducationfunds | 249.29 | 306,927.56 | 257,086.95 | 50,089.90 |
8.Others | 1,491,515.03 | 1,343,685.70 | 326,022.62 | 2,509,178.11 |
Total | 198,774,619.59 | 1,505,670,146.03 | 1,497,633,790.18 | 206,810,975.44 |
(3)Listofdefinedcontributionplan
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance |
1.Basicendowmentinsurance | 87,064.50 | 72,671,711.71 | 72,596,976.84 | 161,799.37 |
2.Unemploymentinsuranceexpense | 2,111.93 | 1,283,470.65 | 1,278,584.24 | 6,998.34 |
Total | 89,176.43 | 73,955,182.36 | 73,875,561.08 | 168,797.71 |
Otherdescription:
None
40.Taxespayable
Unit:RMB
Items | Endingbalance | Beginningbalance |
VAT(value-addedtax) | 53,017,545.90 | 1,412,358.17 |
Corporateincometax | 19,648,268.34 | 435,351.06 |
Individualincometax | 11,251,522.04 | 13,324,912.30 |
Citymaintenanceandconstructiontax | 336,488.64 | 145,831.34 |
Educationsurcharge | 240,581.55 | 103,910.96 |
Propertytax | 3,647,511.72 | 751,908.84 |
Landusetax | 174,669.06 | |
Stampdutyandothers | 88,927.40 | 80,269.78 |
Total | 88,405,514.65 | 16,254,542.45 |
Otherdescription:
None
41.Otherpayables
Unit:RMB
Items | Endingbalance | Beginningbalance |
Otheraccountpayable | 335,047,520.52 | 318,632,275.66 |
Total | 335,047,520.52 | 318,632,275.66 |
(1)Interestpayable
Otherdescriptions:None
(2)DividendspayableOtherdescription,includingsignificantdividendspayablethathavenotbeenpaidformorethan1year.Thereasonsforthenon-paymentshallbedisclosed:None
(3)Otherpayables
1)Otherpayableslistedbyfundnature
Unit:RMB
Items | Endingbalance | Beginningbalance |
restrictedstockrepurchaseobligations | 231,812,873.60 | 242,525,433.60 |
Expenses | 25,199,800.55 | 23,828,359.68 |
Long-termassets | 42,160,937.47 | 32,124,975.07 |
Margin,deposit | 7,162,370.39 | 5,830,893.34 |
Intercoursefunds | 17,398,987.82 | 0.00 |
Other | 11,312,550.69 | 14,322,613.97 |
Total | 335,047,520.52 | 318,632,275.66 |
2)Othersignificantpayablesagedover1year
Unit:RMB
Items | Endingbalance | Reasonsfornotrepayingorcarryingforward |
restrictedstockrepurchaseobligations | 231,812,873.60 | Repurchaseobligationundue |
Total | 231,812,873.60 |
Otherdescriptions:None
42.LiabilitiesheldforsaleOtherdescription:
None
43.Non-currentliabilitiesduewithinoneyear
Unit:RMB
Items | Endingbalance | Beginningbalance |
Long-termborrowingsduewithinoneyear | 37,135,000.00 | 27,209,500.00 |
Leaseliabilitiesduewithinoneyear | 38,221,303.72 | 20,512,195.74 |
Total | 75,356,303.72 | 47,721,695.74 |
Otherdescriptions:None
44.Othercurrentliabilities
Unit:RMB
Items | Endingbalance | Beginningbalance |
Taxamounttoberesold | 3,379,987.09 | 2,874,899.86 |
Notesreceivablethathavebeenendorsedbutnotderecognized | 19,096,443.65 | 104,189,643.96 |
Total | 22,476,430.74 | 107,064,543.82 |
Increase/decreaseofshort-termbondpayable:Otherdescriptions:
None
45.Long-termloans
(1)Classificationoflong-termloan
Unit:RMB
Items | Endingbalance | Beginningbalance |
Pledgedborrowings | 156,520,000.00 | |
Guaranteedloan | 84,000,000.00 | 120,000,000.00 |
Creditloan | 497,500,000.00 | 198,500,000.00 |
Total | 581,500,000.00 | 475,020,000.00 |
Explanationoflong-termloanclassification:NoneAdditionalnotes,includinginterestrateranges:None
46.Bondspayable
(1)BondspayableNone
(2)Changesinincreaseordecreaseforthebondspayable(excludingthepreferredshareclassifiedasfinancialliability,perpetualliabilityandotherfinancialinstrument)None
(3)ExplanationofsharetransferconditionsandtimeofconvertiblebondsNone
(4)ExplanationofotherfinancialinstrumentsclassifiedasfinancialliabilitiesNone
47.Leaseliabilities
Unit:RMB
Items | Endingbalance | Beginningbalance |
Rentalpayment | 86,053,288.78 | 49,741,467.06 |
Unrecognizedfinancingexpenses | -12,442,497.69 | -9,451,064.92 |
Total | 73,610,791.09 | 40,290,402.14 |
Otherdescription:
48.Long-termaccountspayableNone
49.Long-termemployeecompensationpayableNone
50.EstimatedliabilitiesNone
51.Deferredincome
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance | Reasonsofformation |
Governmentalsubsidies | 14,385,200.00 | 5,744,000.00 | 6,758,949.86 | 13,370,250.14 | Governmentalsubsidiesrelatedtoassets |
Total | 14,385,200.00 | 5,744,000.00 | 6,758,949.86 | 13,370,250.14 | -- |
Itemsinvolvinggovernmentsubsidies:
Unit:RMB
Liabilityitems | Beginningbalance | Newlyincreasedsubsidyinthecurrentperiod | Amountaccountedintonon-operatingrevenueinthecurrentperiod | Amountincludedinotherincomeinthecurrentperiod | Amountofwrite-downcostsinthecurrentperiod | Otherchanges | Endingbalance | Asset-related/revenue-related |
Specialfundfortheindustrializationofhigh-efficiencyenergy-savingrare-earthpermanentmagnetmotor | 1,105,000.00 | 195,000.00 | 910,000.00 | Asset-related | ||||
R&DequipmentprojectofintelligenthomemanagementsystemsuchasIoTcloudcomputingtechnology | 131,500.00 | 131,500.00 | 0.00 | Asset-related | ||||
R&DprojectofkeytechnologyforcleanenergyDCsystemmeasurement | 175,000.00 | 50,000.00 | 125,000.00 | Asset-related | ||||
Nanolithiumironphosphatepowerbatteryproject | 500,000.00 | 250,000.00 | 250,000.00 | Asset-related | ||||
KeytechnologyR&Dof18650-2.8A.hhighpowerbattery | 357,000.00 | 204,000.00 | 153,000.00 | Asset-related | ||||
Intelligentgridconnectedprojectofdistributedphotovoltaicpowerstation | 60,000.00 | 60,000.00 | 0.00 | Asset-related | ||||
R&Dprojectof60Asolarchargingcontrollerwithpeakpowertrackingtechnology | 410,000.00 | 120,000.00 | 290,000.00 | Asset-related | ||||
R&Dprojectofunmannedrobotcleaner | 2,550,000.00 | 600,000.00 | 1,950,000.00 | Asset-related | ||||
KeytechnologyR&Dprojectofrare-earthpermanent | 4,000,000.00 | 1,969,049.86 | 2,030,950.14 | Asset-related |
magnetbrushlessDCmotorandcontrollerwithhighspeedratioandvariablefrequency | |||||||
MonthlyAcceptanceAmortizationofHuizhouAnti-epidemicNationalDebtTechnicalTransformationProject(2006)for5Years | 2,912,210.00 | 832,060.00 | 2,080,150.00 | Asset-related | |||
MonthlyAcceptanceAmortizationofTechnicalTransformationProjectofIntelligentControllerinHuizhouProvinceandTechnicalTransformationofLithiumBatteryAutomationProductionLinein2006for5Years | 2,184,490.00 | 624,140.00 | 1,560,350.00 | Asset-related | |||
Monthlyacceptanceamortizationofprovincial-levelenterprisetechnologytransformationfund(2106)specialforpromotinghigh-qualityeconomicdevelopmentfor5yearsin2022 | 5,744,000.00 | 1,723,200.00 | 4,020,800.00 | Asset-related |
Otherdescription:
None
52.Othernon-currentliabilitiesNone
53.Sharecapital
Unit:RMB
Beginningbalance | Increaseordecreaseofchangethistime(+,-) | Endingbalance | |||||
Issuanceofnewshares | Stockdividend | Conversionofaccumulationfundintoshares | Other | Subtotal | |||
Totalnumberofshares | 1,256,978,072.00 | 14,049,300.00 | -1,492,000.00 | 12,557,300.00 | 1,269,535,372.00 |
Otherdescription:
Note:ThesharecapitalincreasedbyRMB12,557,300.00inthecurrentperiod,includingRMB14,049,300.00duetotheexerciseofstockoptions,andtherepurchaseandcancellationdecreasedbyRMB1,492,000.00duetothedimissionofincentiveobjects.
54.OtherequityinstrumentsNone
55.Capitalreserve
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance |
Capitalpremium(sharepremium) | 2,076,431,608.14 | 54,522,812.37 | 9,220,560.00 | 2,121,733,860.51 |
Othercapitalreserves | 63,621,541.60 | 140,174,019.60 | 59,387,223.27 | 144,408,337.93 |
Total | 2,140,053,149.74 | 194,696,831.97 | 68,607,783.27 | 2,266,142,198.44 |
Additionaldescriptions,includingthechangesinincreaseordecreaseinthecurrentperiodandthereasonsforchanges:
Note1:ThesharepremiumincreasedbyRMB54,522,812.37thisyear,ofwhichduetotheunlockingofoptions,theCompanytransferredRMB18,697,097.37ofequityincentiveexpensespreviouslyincludedinothercapitalreservesintothesharepremium,andthesharecapitalpremiumincreasedbyRMB35,825,715.00throughexercisecapitalcontributions.ThedecreaseofRMB9,220,560.00insharepremiumthisyearisduetotheincentiveobjectstoleavetheCompanytorepurchaseandcancelstockstoreleasethesharepremium.Note2:OthercapitalreservesincreasedbyRMB140,174,019.60inthecurrentyear,includingRMB135,155,878.90ofshare-basedpaymentexpensesconfirmedbyissuingrestrictedstockinthecurrentperiodandRMB5,018,140.70ofshare-basedpaymentconfirmedbyHuizhouYAKOAutomationTechnologyCo.,Ltd.(subsidiary).OthercapitalreservesdecreasedbyRMB59,387,223.27thisyear,includingadecreaseofRMB31,262,827.12duetothereleaseofdeferredtaxassetsbasedontheexpectedpre-taxdeductionofstockequityincentiveexpensesforfutureexercise,adecreaseofothercapitalreservesofRMB18,697,097.37duetothetransferofcapitalpremiumfromtheexerciseofstockoptions,adecreaseofothercapitalreservesofRMB
5,817,273.57duetoreleasingshare-basedpaymentexpensesfromtheresignationofincentiveobjects,andadecreaseofconsolidation-levelcapitalreserveofRMB3,610,025.21duetoacquisitionofTaixingNinghuiLithiumBatteryCo.,Ltd.
56.Treasuryshares
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance |
restrictedstockrepurchaseobligations | 242,525,433.60 | 10,712,560.00 | 231,812,873.60 | |
Repurchaseofcompanysharesincompetitivetrading | 52,444,981.31 | 52,444,981.31 | ||
Total | 242,525,433.60 | 52,444,981.31 | 10,712,560.00 | 284,257,854.91 |
Additionaldescriptions,includingthechangesinincreaseordecreaseinthecurrentperiodandthereasonsforchanges:
Note:TheincreaseintreasurysharesinthecurrentperiodisRMB52,444,981.31ofcompanysharesrepurchasedbytheCompany,andthedecreaseinthecurrentperiodisRMB10,712,560.00ofrestrictedstockrepurchasedandcanceledduetotheresignationofincentiveobjects.
57.Othercomprehensiveincome
Unit:RMB
Items | Beginningbalance | Amountincurredinthecurrentperiod | Endingbalance | |||||
Amountofpre-incometaxincurredinthecurrentperiod | Minus:profitsandlossesincludedinothercomprehensiveincomepreviouslyandtransferredinthecurrentperiod | Minus:currentretainedearningsincludedinothercomprehensiveincomeinthepreviousperiod | Minus:incometaxexpense | Attributabletoparentcompanyaftertax | Attributabletominorityshareholdersaftertax | |||
II.Othercomprehensiveincomethatisreclassifiedintoprofitsandlosses | -91,831,496.88 | 83,351,874.53 | 83,351,874.53 | -8,479,622.35 | ||||
Translationdifferenceofforeigncurrencyfinancialstatements | -92,201,606.29 | 83,721,983.94 | 83,721,983.94 | -8,479,622.35 | ||||
Other | 370,109.41 | -370,109.41 | -370,109.41 | 0.00 | ||||
Totalamountofothercomprehensiveincome | -91,831,496.88 | 83,351,874.53 | 83,351,874.53 | -8,479,622.35 |
Otherdescription,includingtheadjustmenttotheeffectiveportionoftheprofitsandlossesofcashflowhedgingtransferredtotheamountinitiallyrecognizedforthehedgeditem:
None
58.SpecialreserveNone
59.Surplusreserve
Unit:RMB
Items | Beginningbalance | Increaseinthecurrentperiod | Decrementinthecurrentperiod | Endingbalance |
Statutorysurplusreserve | 186,397,631.76 | 28,366,562.38 | 214,764,194.14 | |
Total | 186,397,631.76 | 28,366,562.38 | 214,764,194.14 |
Explanationofthesurplusreserve,includingthechangesinincreaseordecreaseinthecurrentperiodandthereasonsforthechange:
None
60.Retainedearnings
Unit:RMB
Items | Currentperiod | Previousperiod |
Retainedearningsattheendofthepreviousperiodbeforeadjustment | 1,779,243,483.61 | 1,324,944,369.91 |
Totalretainedearningsatthebeginningoftheperiod(+forincrease,-fordecrease) | -19,061,969.80 | |
Retainedearningsatthebeginningoflastperiodafteradjustment | 1,779,243,483.61 | 1,305,882,400.11 |
Plus:netprofitattributabletoownersofparentcompanyincurrentyear | 582,655,258.38 | 564,964,282.18 |
Minus:withdrawalofstatutorysurplusreserve | 28,366,562.38 | 35,037,674.23 |
Commonstockdividendspayable | 62,713,008.60 | 56,565,524.45 |
Retainedearningsattheendoftheperiod | 2,270,819,171.01 | 1,779,243,483.61 |
Detailsofretainedearningsatthebeginningofadjustmentperiod:
1).DuetotheretroactiveadjustmentofAccountingStandardsforBusinessEnterprisesandrelatednewregulations,theretainedearningsatthebeginningoftheperiodwasRMB0.00.
2).Duetothechangeofaccountingpolicy,theretainedearningsatthebeginningoftheperiodwasRMB0.00.
3).Duetothecorrectionofmajoraccountingerrors,theundistributedprofitatthebeginningoftheperiodwasRMB0.00.
4).Duetothechangeinconsolidationunderthesamecontrol,theretainedearningsatthebeginningoftheperiodwasRMB0.00.
5).TheretainedearningsatthebeginningoftheperiodwereRMB0.00withotheradjustments.
61.Operatingincomeandoperatingcosts
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod | ||
Income | Cost | Income | Cost | |
Mainbusiness | 8,836,386,705.11 | 7,078,885,305.98 | 7,717,976,814.04 | 6,107,767,617.78 |
Otherbusiness | 38,712,431.95 | 8,341,680.90 | 49,058,020.99 | 6,763,737.09 |
Total | 8,875,099,137.06 | 7,087,226,986.88 | 7,767,034,835.03 | 6,114,531,354.87 |
Whetherthelowerofnetprofitbeforeandafterdeductionofnon-recurringprofitsandlossesupontheauditwasnegative
□Yes?NoIncome-relatedinformation:
Unit:RMB
Contractclassification | IntelligentControllerDivision | Total |
Typesofcommodities | ||
Including: | ||
Tool | 3,240,010,210.60 | 3,240,010,210.60 |
Homeappliances | 3,091,915,524.39 | 3,091,915,524.39 |
Newenergy | 2,035,748,139.21 | 2,035,748,139.21 |
Industry | 248,342,753.93 | 248,342,753.93 |
Intelligentsolutions | 188,747,795.73 | 188,747,795.73 |
Total | 8,875,099,137.06 | 8,875,099,137.06 |
Classifiedbybusinessarea | ||
Including: | ||
Domestic | 3,524,383,375.76 | 3,524,383,375.76 |
Foreign | 5,350,715,761.30 | 5,350,715,761.30 |
Total | 8,875,099,137.06 | 8,875,099,137.06 |
Informationrelatedtoperformanceobligations:
NotapplicableInformationrelatedtothetransactionpriceallocatedtotheremainingperformanceobligations:
Otherdescription:
None
62.Taxesandsurcharges
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Citymaintenanceandconstructiontax | 22,104,766.90 | 9,880,306.75 |
Educationsurcharge | 15,789,417.57 | 7,057,104.39 |
Propertytax | 10,105,204.62 | 7,220,449.07 |
Landusetax | 1,640,955.29 | 768,937.95 |
Stampduty | 9,544,596.67 | 4,088,571.43 |
Other | 209,827.30 | 38,498.12 |
Total | 59,394,768.35 | 29,053,867.71 |
Otherdescription:
None
63.Salesexpenses
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Employeecompensation | 154,170,333.91 | 117,940,781.05 |
Lowpricedandeasilywornarticles | 4,674,650.75 | 4,721,582.36 |
Businessentertainmentexpenses | 15,604,369.50 | 16,931,032.05 |
Travelexpenses | 8,814,511.30 | 11,055,029.71 |
Intermediaryserviceexpenses | 19,354,887.13 | 19,280,507.23 |
Exhibitionexpenses | 2,771,660.29 | 2,256,350.43 |
Materialsexpenses | 11,175,625.80 | 12,365,975.47 |
Mailexpenses | 1,954,588.01 | 3,187,394.23 |
Optionfee | 22,864,675.20 | 4,731,183.73 |
Advertisingexpenses | 4,788,150.81 | 4,568,296.26 |
Customscharges | 2,883,673.61 | 2,542,454.90 |
Rentals | 1,775,051.00 | 1,980,077.01 |
Other | 9,348,993.57 | 7,002,154.67 |
Total | 260,181,170.88 | 208,562,819.10 |
Otherdescriptions:None
64.Administrativeexpenses
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Employeecompensation | 202,600,465.16 | 155,978,506.36 |
Decorationcost | 20,922,117.86 | 17,168,830.94 |
Intermediaryserviceexpenses | 14,920,006.17 | 12,359,796.94 |
Depreciationandamortization | 42,055,068.30 | 19,379,537.14 |
Rentandutilities | 6,564,412.32 | 6,233,831.28 |
Lowpricedandeasilywornarticles | 9,426,710.31 | 2,819,301.47 |
Propertyinsuranceexpenses | 5,465,439.61 | 4,833,375.18 |
Officeexpenses | 9,427,291.32 | 8,227,084.07 |
Optionfee | 30,803,647.94 | 10,472,082.30 |
Travelexpenses | 7,853,325.04 | 4,686,846.18 |
Recruitmentexpenses | 1,479,131.93 | 2,814,710.51 |
Royalties | 3,928,633.31 | 3,844,108.79 |
Businessentertainmentexpenses | 3,154,186.69 | 1,936,130.95 |
Maintenancefees | 1,880,084.37 | 2,493,243.02 |
Other | 9,022,225.03 | 5,097,646.76 |
Total | 369,502,745.36 | 258,345,031.89 |
Otherdescription:
None
65.R&Dexpenses
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Employeecompensation | 335,394,101.32 | 270,040,042.63 |
Depreciationandamortization | 92,403,641.99 | 67,822,294.92 |
Materialexpenses | 30,803,656.42 | 32,453,761.31 |
Optionfee | 56,384,583.55 | 13,876,403.61 |
Toolingexpenses | 20,693,229.51 | 19,674,097.73 |
Intermediaryserviceexpenses | 10,656,282.28 | 8,558,169.27 |
Lowpricedandeasilywornarticles | 5,457,987.48 | 5,380,174.29 |
Testingexpense | 7,199,211.70 | 6,429,992.15 |
Decorationcost | 5,203,379.48 | 3,724,447.95 |
Utilities | 7,629,464.57 | 4,942,111.11 |
Travelexpenses | 3,544,510.11 | 4,141,146.62 |
Rentals | 2,684,107.73 | 1,266,488.74 |
Other | 14,291,979.95 | 11,640,921.78 |
Total | 592,346,136.09 | 449,950,052.11 |
Otherdescription:
None
66.Financialexpenses
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Interestexpense | 35,262,744.35 | 24,677,917.47 |
Minus:interestincome | 22,969,451.22 | 8,722,530.08 |
Profitorlossonexchange | -138,431,161.16 | 44,680,917.00 |
Other | 2,964,605.13 | 3,149,246.09 |
Total | -123,173,262.90 | 63,785,550.48 |
Otherdescription:
None
67.Otherrevenues
Unit:RMB
Sourceforotherrevenues | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Governmentalsubsidies | 33,217,045.91 | 16,456,682.22 |
Added-valuetaxrefundondemand | 5,231,680.35 | 8,646,329.13 |
Returnofindividualincometaxservicecharge | 734,101.69 | 1,105,035.34 |
Total | 39,182,827.95 | 26,208,046.69 |
68.Investmentincome
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Long-termequityinvestmentincomeaccountedbythecostmethod | -2,568,468.91 | -2,883,400.31 |
Investmentrevenuefromdisposaloftradablefinancialassets | 38,226,720.08 | |
Investmentincomeoffinancialproducts | 139,141.31 | 9,914,763.48 |
Forwardforeignexchangecontractsettlementprofitandloss | 2,994,236.07 | 9,569,000.00 |
Total | 564,908.47 | 54,827,083.25 |
Otherdescription:
None
69.NetexposurehedgingrevenueNone
70.Fairvaluechangerevenue
Unit:RMB
Sourcesofincomefromchangeinfairvalue | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Tradablefinancialassets | 87,818,625.99 | 85,670,316.15 |
Total | 87,818,625.99 | 85,670,316.15 |
Otherdescription:
71.Creditimpairmentloss
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Baddebtlossofotherreceivables | -2,344,758.98 | -3,478,279.55 |
Baddebtlossofreceivables | -46,998,677.15 | -81,957,775.77 |
Baddebtlossofnotesreceivable | -28,563.01 | -157,573.76 |
Total | -49,371,999.14 | -85,593,629.08 |
Otherdescription:
72.Assetimpairmentloss
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
II.Lossoninventoryvaluationandcontractperformancecostimpairmentloss | -69,957,962.94 | -99,995,344.56 |
Total | -69,957,962.94 | -99,995,344.56 |
Otherdescription:
73.Assetsdisposalrevenue
Unit:RMB
Sourceofassetsdisposalrevenue | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Revenuefromdisposalofnon-currentassets | -1,612,652.02 | -415,086.11 |
Right-of-useassetderecognition | 10,696.36 | |
Total | -1,612,652.02 | -404,389.75 |
74.Non-operatingincome
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod | Amountincludedinthecurrentnon-recurringprofitandloss |
Acceptingdonations | 22,475.87 | ||
Gainonnon-currentassetsdamageandretirement | 906,885.79 | 906,885.79 | |
Other | 5,436,495.16 | 2,237,879.87 | 5,436,495.16 |
Total | 6,343,380.95 | 2,260,355.74 | 6,343,380.95 |
Governmentsubsidyincludedinthecurrentprofitsandlosses:None
75.Non-operatingexpenses
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod | Amountincludedinthecurrentnon-recurringprofitandloss |
Externaldonations | 300,000.00 | ||
Lossondamageandscrappingofnon-currentassets | 2,439,687.26 | 384,846.54 | 2,439,687.26 |
Customerqualitydeductionexpenses | 5,072,526.83 | 4,211,737.26 | 5,072,526.83 |
Other | 1,797,787.24 | 641,709.14 | 1,797,787.24 |
Total | 9,310,001.33 | 5,538,292.94 | 9,310,001.33 |
Otherdescription:
76.Incometaxexpenses
(1)Tableofincometaxexpenses
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Currentincometaxexpenses | 63,736,073.65 | 47,133,452.67 |
Deferredtaxexpense | -12,227,860.17 | 994,237.09 |
Total | 51,508,213.48 | 48,127,689.76 |
(2)Adjustmentprocessofaccountingprofitsandincometaxexpenses
Unit:RMB
Items | Amountincurredinthecurrentperiod |
Totalprofits | 633,277,720.33 |
Incometaxexpensescalculatedatstatutory/applicabletaxrates | 94,991,658.05 |
Influenceofdifferenttaxratesapplicabletosubsidiary | 10,382,981.40 |
Effectofincometaxadjustmentinpreviousperiod | -3,896,247.97 |
Impactofnon-taxableincome | 633,245.86 |
Impactofnon-deductiblecost,expenseandloss | 2,468,905.23 |
Impactofdeductiblelossofunrecognizeddeferredtaxassetsinpreviousperiod | -15,534.79 |
Impactofdeductibletemporarydifferencesordeductiblelossesofunrecognizeddeferredtaxassetsinthecurrentperiod | 2,739,199.82 |
Theimpactofchangesintaxratesontheinitialbalanceofdeferredtax | -77,037.06 |
Additionaldeductionoftechnicaldevelopmentcost | -36,930,824.02 |
Vietnamesesubsidiariesenjoyhalvedtaxationandtaxexemptioneffects | -21,270,522.10 |
Impactofotheradjustments | 2,482,389.06 |
Incometaxexpenses | 51,508,213.48 |
Otherdescriptions:None
77.OthercomprehensiveincomeSeeNote57fordetails.
78.Itemsofcashflowstatement
(1)Othercashreceivedrelatedtooperatingactivities
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Intercoursefunds | 66,422,718.48 | 57,806,582.88 |
Interestincome | 22,969,451.22 | 8,722,530.08 |
Governmentalsubsidies | 32,202,096.05 | 16,217,112.22 |
Depositandearnestmoneyreceived | 3,458,869.84 | 3,213,112.84 |
Other | 3,848,757.03 | 3,784,144.14 |
Total | 128,901,892.62 | 89,743,482.16 |
Explanationofothercashreceivedrelatedtooperatingactivities:
None
(2)Othercashpaidrelatedtooperatingactivities
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Servicecharge | 2,964,605.13 | 3,149,246.09 |
Out-of-pocketexpenses | 243,947,454.24 | 273,704,414.80 |
Marginanddepositexpenses | 8,772,578.49 | 15,969,153.96 |
Other | 7,204,934.27 | 8,980,140.75 |
Total | 262,889,572.13 | 301,802,955.60 |
Explanationofothercashpaidrelatedtooperatingactivities:
None
(3)OthercashreceivedrelatedtoinvestmentactivitiesNone
(4)Othercashpaidrelatedtoinvestmentactivities
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Convertibleloan | 9,000,000.00 | |
Total | 9,000,000.00 |
Explanationofothercashpaidrelatedtoinvestmentactivities:
None
(5)Othercashreceivedrelatedtofinancingactivities
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Marginsforbillsandnotes | 16,164,446.24 | 18,039,024.44 |
Billsreceivablediscountedbutnotdue | 4,734,492.75 | 9,209,847.31 |
Total | 20,898,938.99 | 27,248,871.75 |
Explanationofothercashreceivedrelatedtofinancingactivities:None
(6)Othercashpaidrelatedtofinancingactivities
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Marginsforbillsandnotes | 25,597,956.24 | |
Stockissuecost | 1,266,137.03 | |
Sharerepurchaseamount | 63,157,541.31 | |
Leasepaymentspaid | 33,787,128.23 | 13,333,649.93 |
Total | 96,944,669.54 | 40,197,743.20 |
Explanationofothercashpaidrelatedtofinancingactivities:None
79.Supplementaryinformationofcashflowstatement
(1)Supplementarymaterialsofcashflowstatement
Unit:RMB
Supplementaryinformation | Amountinthecurrentperiod | Amountinthepreviousperiod |
1.Adjustingnetprofittocashflowfromoperatingactivities: | ||
Netprofit | 581,769,506.85 | 572,112,614.61 |
Plus:impairmentofassets | 119,329,962.08 | 184,862,507.33 |
Depreciationoffixedassets,depletionofoilandgasassets,depreciationofproductivebiologicalassets | 144,630,956.80 | 106,211,599.68 |
Depreciationofright-of-useassets | 31,615,539.58 | 16,234,413.73 |
Amortizationofintangibleassets | 86,884,445.54 | 65,392,596.89 |
Amortizationoflong-termdeferredexpenses | 35,618,497.97 | 27,180,925.99 |
Lossfromdisposaloffixedassets,intangibleassetsandotherlong-termassets(incomemarkedwith"-") | 1,612,652.02 | 415,188.40 |
Lossesonscrappingoffixedassets(incomemarkedwith"-") | 1,532,801.47 | 374,047.89 |
Lossfromfairvaluechange(incomemarkedwith"-") | -87,818,625.99 | -85,670,316.15 |
Financialexpenses(incomemarkedwith"-") | -3,114,719.50 | 52,717,851.97 |
Investmentloss(incomemarkedwith"-") | -564,908.47 | -54,827,083.25 |
Decreaseindeferredtaxassets(increasemarkedwith"-") | -37,224,039.39 | -12,739,891.64 |
Increaseindeferredtaxliabilities(decreasemarkedwith"-") | 24,996,179.22 | 14,523,480.93 |
Decreaseininventory(increasemarkedwith"-") | 130,052,908.43 | -1,161,081,258.04 |
Decreaseinoperatingreceivables(increasemarkedwith"-") | -623,114,911.84 | -593,959,509.24 |
Increaseinoperatingpayables(decreasemarkedwith"-") | -51,504,228.20 | 608,846,276.29 |
Other | 136,353,059.76 | 34,844,008.75 |
Netcashflowfromoperatingactivities | 491,055,076.33 | -224,562,545.86 |
2Majorinvestmentandfinancingactivitiesnotinvolvingcashreceiptsandpayments: | ||
Conversionofdebtintocapital | ||
Convertiblebondsduewithinoneyear | ||
Fixedassetsacquiredunderfinanceleases | ||
3.Netchangeincashandcashequivalents: | ||
Endingbalanceofcash | 1,374,281,693.23 | 1,736,104,958.20 |
Minus:beginningbalanceofcash | 1,736,104,958.20 | 1,196,835,834.92 |
Plus:endingbalanceofcashequivalents | ||
Minus:beginningbalanceofcashequivalents | ||
Netincreaseincashandcashequivalents | -361,823,264.97 | 539,269,123.28 |
(2)NetcashpaidforobtainingsubsidiariesincurrentperiodNone
(3)NetcashreceivedfordisposalofsubsidiariesincurrentperiodNone
(4)Compositionofcashandcashequivalents
Unit:RMB
Items | Endingbalance | Beginningbalance |
I.Cash | 1,374,281,693.23 | 1,736,104,958.20 |
Including:cashinstock | 606,436.16 | 1,015,081.13 |
Bankdepositavailableforpaymentatanytime | 1,210,002,652.40 | 1,337,414,181.07 |
Othermonetarycapitalforpaymentatanytime | 163,672,604.67 | 397,675,696.00 |
III.Balanceofcashandcashequivalentsattheendoftheperiod | 1,374,281,693.23 | 1,736,104,958.20 |
Otherdescription:
None
80.Notestoitemsinchangestatementofowner'sequityDescribethenamesandadjustedamountsof"other"itemsthatadjustedtheclosingbalanceofthepreviousyear:
81.Assetswithlimitedownershiporuseright
Unit:RMB
Items | Bookvalueattheendoftheperiod | Restrictedreasons |
Monetarycapital | 18,937,494.54 | Applytothebankfortheissuanceofbillsandguaranteedeposits;amountoffreezingofproperty |
Total | 18,937,494.54 |
Otherdescriptions:None
82.Foreigncurrencymonetaryitems
(1)Foreigncurrencymonetaryitems
Unit:RMB
Items | Foreigncurrencybalanceattheendoftheperiod | Exchangerateforconversion | BalanceconvertedintoRMBattheendoftheperiod |
Monetarycapital | 860,674,253.68 | ||
Including:USdollars | 104,800,835.10 | 6.964600 | 729,895,896.14 |
Euros | 2,208,019.48 | 7.422900 | 16,389,907.80 |
HongKongdollars | 3,298,122.34 | 0.893270 | 2,946,113.74 |
VietnameseDong | 27,035,459,402.00 | 0.000295 | 7,975,460.52 |
IndianRupee | 1,180,874,319.03 | 0.084127 | 99,343,413.84 |
RomanianLeu | 1,514,035.65 | 1.499408 | 2,270,157.17 |
MexicanPeso | 1,989,735.36 | 0.357679 | 711,686.55 |
JapaneseYen | 21,804,078.00 | 0.052358 | 1,141,617.92 |
Accountsreceivable | 1,439,309,967.11 | ||
Including:USdollars | 187,823,448.85 | 6.964600 | 1,308,115,191.86 |
Euros | 1,022,795.74 | 7.422900 | 7,592,110.50 |
HongKongdollars | 1,095,534.72 | 0.893270 | 978,608.30 |
JapaneseYen | 5,093,384.00 | 0.052358 | 266,679.40 |
IndianRupee | 1,023,097,257.79 | 0.084127 | 86,070,103.01 |
VietnameseDong | 123,007,708,619.00 | 0.000295 | 36,287,274.04 |
Receivablesfinancing | 72,022,255.79 | ||
Including:USdollars | 25,692,723.21 | 6.964600 | 178,939,540.07 |
Otherreceivables | 8,888,447.78 | ||
Including:RomanianLeu | 928,539.45 | 1.499408 | 1,392,259.48 |
USdollars | 611,412.27 | 6.964600 | 4,258,241.90 |
MexicanPeso | 245,982.91 | 0.357679 | 87,982.92 |
Euros | 15,785.83 | 7.422900 | 117,176.64 |
JapaneseYen | 3,305,248.00 | 0.052358 | 173,056.17 |
IndianRupee | 15,193,144.00 | 0.084127 | 1,278,153.63 |
VietnameseDong | 5,361,278,095.00 | 0.000295 | 1,581,577.04 |
Accountspayable | 72,022,255.79 | ||
Including:HKD | 196,143.32 | 0.893270 | 175,208.94 |
RomanianLeu | 2,598,485.17 | 1.499408 | 3,896,189.45 |
USdollars | 7,448,625.86 | 6.964600 | 51,876,699.66 |
Euros | 125,142.98 | 7.422900 | 928,923.83 |
JapaneseYen | 107,482,219.00 | 0.052358 | 5,627,554.02 |
IndianRupee | 66,559,185.85 | 0.084127 | 5,599,424.63 |
VietnameseDong | 13,282,221,205.00 | 0.000295 | 3,918,255.26 |
Otheraccountpayable | 38,739,474.78 | ||
Including:RomanianLeu | 1,043,621.74 | 1.499408 | 1,564,814.79 |
USdollars | 2,817,768.59 | 6.964600 | 19,624,631.12 |
MexicanPeso | 1,774,894.02 | 0.357679 | 634,842.32 |
IndianRupee | 89,213,646.99 | 0.084127 | 7,505,276.48 |
VietnameseDong | 31,898,000,242.00 | 0.000295 | 9,409,910.07 |
Otherdescriptions:None
(2)Explanationofoverseasbusinessentities,includingforimportantoverseasbusinessentities,disclosureofmainoverseasbusinesslocations,recordingcurrencyandselectionbasisaswellasdisclosureofreasonsforchangesinrecordingcurrency.?Applicable□Notapplicable
1.TopbandIndiaPrivateLimited,asubsidiaryoftheCompany,ismainlylocatedinPuneCity,Maharashtra,India,withIndianRupeeastherecordingcurrency;
2.Topband(Vietnam)Co.,Ltd.,asub-subsidiaryoftheCompany,ismainlylocatedinBinhDuong,Vietnam,withVietnameseDongastherecordingcurrency;
3.TOPBANDSMARTDONGNAI(VIETNAM)Co.,Ltd.,asub-subsidiaryoftheCompany,ismainlylocatedinDongNai,Vietnam,withVietnameseDongastherecordingcurrency;
4.TopbandGermanyGmbH,asub-subsidiaryoftheCompany,ismainlylocatedinUnterf?hring,Germany,withEuroastherecordingcurrency;
5.TOPBANDJAPANCo.,Ltd.,asub-subsidiaryoftheCompany,ismainlylocatedinNagoya,Japan,withJapaneseYenastherecordingcurrency;
6.Q.B.PTE.LTD,thesub-subsidiaryofTopband,islocatedinSingapore,withSingaporedollarasthebookkeepingbasecurrency;
7.TOPBANDSMARTEUROPECOMPANYLIMITEDS.R.L.,thesub-subsidiaryofTopband,islocatedinTimisoara,Romania,withLeiasthebookkeepingbasecurrencythebookkeepingbasecurrency;
8.TOPBANDMEXICO,S.DER.L.DEC.V,thesub-subsidiaryofTopband,islocatedinMonterrey,Mexico,withpesoasthebookkeepingbasecurrency.
83.HedgingThequalitativeandquantitativeinformationonhedgingitems,relatedhedginginstruments,andhedgedrisksisdisclosedaccordingtothetypeofhedging:
84.Governmentsubsidies
(1)Basicsituationofgovernmentsubsidies
Unit:RMB
Category | Amount | Itemspresented | Amountincludedinthecurrentprofitsandlosses |
Technologicaltransformationsupportedby2020anti-epidemicnationaldebtfunds | 832,060.00 | Deferredincome | 832,060.00 |
R&DequipmentprojectofintelligenthomemanagementsystemsuchasIoTcloudcomputingtechnology | 131,500.00 | Deferredincome | 131,500.00 |
Nanolithiumironphosphatepowerbatteryproject | 250,000.00 | Deferredincome | 250,000.00 |
Highrate18650-2.8Ahpowerbatterykeytechnologyresearchanddevelopmentproject | 204,000.00 | Deferredincome | 204,000.00 |
Specialfundfortheindustrializationofhigh-efficiencyenergy-savingrare-earthpermanentmagnetmotor | 195,000.00 | Deferredincome | 195,000.00 |
R&Dprojectof60Asolarchargingcontrollerwithpeakpowertrackingtechnology | 120,000.00 | Deferredincome | 120,000.00 |
Intelligentgridconnectedprojectofdistributedphotovoltaicpowerstation | 60,000.00 | Deferredincome | 60,000.00 |
R&DprojectofkeytechnologyforcleanenergyDCsystemmeasurement | 50,000.00 | Deferredincome | 50,000.00 |
R&Dprojectofunmannedrobotcleaner | 600,000.00 | Deferredincome | 600,000.00 |
Specialfundforintelligentcontrollerandlithiumbatterytechnologytransformation | 624,140.00 | Deferredincome | 624,140.00 |
KeytechnologyR&Dprojectofrare-earthpermanentmagnetbrushlessDCmotorandcontrollerwithhighspeedratioandvariablefrequency | 1,969,049.86 | Deferredincome | 1,969,049.86 |
Provincial-levelenterprisetechnologytransformationfundforpromotinghigh-qualityeconomicdevelopmentin2022 | 1,723,200.00 | Deferredincome | 1,723,200.00 |
Singlechampionawardprogramandfundingplaninmanufacturingindustryin2022 | 2,000,000.00 | Otherincome | 2,000,000.00 |
Technicalbreakthroughprojectsin2022("2022014important3DobjectsbasedonSLAM") | 500,000.00 | Otherincome | 500,000.00 |
InternetDevelopmentSupportPlan | 2,990,000.00 | Otherincome | 2,990,000.00 |
Fundingplanof2022Shenzhenenterprisetechnologycenterconstructionproject | 2,770,000.00 | Otherincome | 2,770,000.00 |
2022centralfunding(foreigninvestmentcooperationsubsidy) | 120,000.00 | Otherincome | 120,000.00 |
Supportandsubsidyforcorporateexpansionandefficiencyenhancement | 268,512.72 | Otherincome | 268,512.72 |
CorporateR&Dsubsidy | 834,600.00 | Otherincome | 834,600.00 |
Exportcreditinsurancesubsidy | 2,228,261.00 | Otherincome | 2,228,261.00 |
Industrialandcommercialelectricitysubsidy | 231,468.12 | Otherincome | 231,468.12 |
Positionstabilizationsubsidyandpositioncreationsubsidy | 1,907,023.79 | Otherincome | 1,907,023.79 |
Technologicaltransformationandpromotionprojectsubsidy | 610,710.00 | Otherincome | 610,710.00 |
Specialfundsforforeigntradedevelopmentofenterprises | 146,103.00 | Otherincome | 146,103.00 |
SpecialfundforindustrialandinformationtechnologydevelopmentinHuizhouCity | 645,800.00 | Otherincome | 645,800.00 |
Patentsubsidy | 9,000.00 | Otherincome | 9,000.00 |
FinancialsupportfundofXinqiaoTownofSongjiangDistrictofShanghai | 60,000.00 | Otherincome | 60,000.00 |
Subsidyonretentiontraining | 3,792,585.00 | Otherincome | 3,792,585.00 |
Cultivationsubsidyforhigh-techenterprises | 2,070,000.00 | Otherincome | 2,070,000.00 |
Awardofindustrialenterprisesexpandingproductioncapacity | 1,990,000.00 | Otherincome | 1,990,000.00 |
Subsidyofcorporatereliefdevelopment | 946,800.80 | Otherincome | 946,800.80 |
Subsidyofcorporateepidemicpreventionandthesterilization | 208,300.00 | Otherincome | 208,300.00 |
Subsidyofscientificandtechnologicalenterprisetrainingproject | 900,000.00 | Otherincome | 900,000.00 |
Awardofspecializedandsophisticatedenterprisesthatproducenewanduniqueproductsin2022 | 200,000.00 | Otherincome | 200,000.00 |
Supportingfundsfortheinnovationanddevelopmentofmunicipalprivateenterpriseandsmallandmedium-sizedenterprisesin2022 | 200,000.00 | Otherincome | 200,000.00 |
Specialplandevelopmentandtechnologyenterprisecultivationprojectin | 300,000.00 | Otherincome | 300,000.00 |
high-techzonein2022 | |||
Otherprojects | 528,931.62 | Otherincome | 528,931.62 |
(2)Situationofgovernmentsubsidiesrefund?Applicable□Notapplicable
Unit:RMB
Items | Amount | Reason |
Theoverpaymentbythespecialsubsidyfundsforthecentralforeigntradeandeconomicdevelopmentwasrefunded(treasurydepositofShenzhenFinanceBureau)in2020
8,465.00 | Returnofoverpayment |
Otherdescriptions:None
85.OthersNoneVIII.Changesinthescopeofconsolidation
1.Consolidationunderdifferentcontrol
(1)Consolidationunderdifferentcontroloccurredinthecurrentperiod
Unit:RMB
Nameofacquiree | Dateofequityacquired | Costofequityacquisition | Ratioofequityacquired | Equityacquiredvia | Dateofpurchasing | Basisfordeterminationofacquisitiondate | Revenueoftheacquireefromthedateofpurchasingtotheendoftheperiod | Netprofitofacquireefromtheacquisitiondatetotheendoftheperiod |
Otherdescriptions:None
(2)CombinedcostandbusinessreputationNone
(3)IdentifiableassetsandliabilitiesoftheacquireeontheacquisitiondateNone
(4)Gainsorlossesarisingfromre-measurementofequityheldbeforetheacquisitiondateatfairvalueWasthereatransactionthatrealizedconsolidationstepbystepthroughmultipletransactionsandobtainedcontrolduringthereportingperiod
□Yes?No
(5)RelevantexplanationsfortheinabilitytoreasonablydeterminetheconsolidationconsiderationorthefairvalueoftheidentifiableassetsandliabilitiesoftheacquireeontheacquisitiondateorattheendofthecurrentperiodNone
(6)OtherdescriptionsNone
2.ConsolidationunderthesamecontrolNone
3.ReversepurchaseBasicinformationofthetransaction,thebasisforthereversepurchaseofthetransaction,whethertheassetsandliabilitiesretainedbythelistedcompanyconstitutethebusinessanditsbasis,thedeterminationoftheconsolidationcost,theamountoftheadjustmentoftheequitywhenthetransactionisprocessedasanequitytransactionanditscalculation:
None
4.DisposalofsubsidiariesIstheresingledisposaloftheinvestmentinasubsidiarywhichresultsinlossofcontrol
□Yes?NoWhethertherearestep-by-stepdisposaloftheinvestmentinasubsidiarythroughmultipletransactionsandlossofcontrolinthecurrentperiod
□Yes?No
5.ChangesinthescopeofconsolidationduetootherreasonsExplanationsforthechangesinthescopeoftheconsolidationcausedbyotherreasons(e.g.,establishmentofnewsubsidiaries,orliquidationofsubsidiaries,etc.)andrelevantcircumstances:
Duringthereportingperiod,theCompanyestablishedatotalof4newsubsidiaries(grandsoncompanies),asfollows:
No. | Nameofsubsidiary | Registeredplace | Dateofregistration | Shareholdingratio | |
Direct | Indirect | ||||
1 | ShenzhenTopbandMotorCo.,Ltd. | Shenzhen,Guangdong | 2022-3-29 | 100% | |
2 | ShenzhenYueshangRobotCo.,Ltd. | Shenzhen,Guangdong | 2022-3-28 | 100% | |
3 | ShenzhenXiaoyouAituInnovationTechnologyCo.,Ltd. | Shenzhen,Guangdong | 2022-3-7 | 100% | |
4 | HuizhouChidingTechnologyCo.,Ltd. | Huizhou,Guangdong | 2022-9-19 | 100% |
6.OthersNoneIX.InterestsinOtherEntities
1.Equitiesinsubsidiaries
(1)Compositionofenterprisegroup
Nameofsubsidiary | Principalplaceofbusiness | Registeredplace | Natureofbusiness | Shareholdingratio | Acquisitionmethod | |
Direct | Indirect | |||||
ShenzhenTopbandSoftwareTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 100.00% | Establishment | |
ShenzhenTopbandAutomationTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 100.00% | Establishment | |
ShenzhenTopbandBatteryCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 100.00% | Establishment | |
ChongqingTopbandIndustrialCo.,Ltd. | Chongqing | Chongqing | Productionandsales | 100.00% | Establishment | |
Topband(HongKong)Co.,Ltd. | HongKong | HongKong | Investment | 100.00% | Establishment | |
HuizhouTopbandElectricalTechnologyCo.,Ltd. | Huizhou | Huizhou | Productionandsales | 100.00% | Establishment | |
TOPBANDINDIAPRIVATELIMITED | India | India | Productionandsales | 100.00% | Establishment | |
ShenzhenYAKOAutomationTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 71.54% | Consolidationunderdifferentcontrol | |
ShenzhenAlliedControlSystemCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 100.00% | Consolidationunderdifferentcontrol | |
HuizhouTopbandLithiumBatteryCo.,Ltd. | Huizhou | Huizhou | Productionandsales | 100.00% | Establishment | |
NingboTopbandIntelligentControlCo.,Ltd. | Ningbo | Ningbo | Productionandsales | 100.00% | Establishment | |
ShenzhenMeanstoneIntelligentTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 77.25% | Consolidationunderdifferentcontrol | |
ShenzhenYanshengSoftwareCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 71.54% | Consolidationunderdifferentcontrol | |
HangzhouZhidongMotorTechnologyCo.,Ltd. | Hangzhou | Hangzhou | Productionandsales | 53.66% | Consolidationunderdifferentcontrol | |
Topband(Vietnam)Co.,ltd | Vietnam | Vietnam | Productionandsales | 100.00% | Establishment | |
TOPBANDSMARTDONGNAI(VIETNAM)COMPANYLIMITED | Vietnam | Vietnam | Productionandsales | 100.00% | Establishment | |
TopbandGermanyGmbH | Germany | Germany | Sales | 100.00% | Establishment | |
TOPBANDJAPANCo.,Ltd | Japan | Japan | Sales | 100.00% | Establishment | |
ShenzhenTopbandSupplyChainServicesCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment | |
ShenzhenTopbandInvestmentCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment | |
ShenzhenSparkIOTTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment | |
ShenzhenTunnuInnovationCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment |
ShenzhenSenxuanTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment | |
Topband(Qingdao)IntelligentControlCo.,Ltd. | Qingdao | Qingdao | Productionandsales | 100.00% | Establishment | |
ShenzhenTengyiIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment | |
TaixingNinghuiLithiumBatteryCo.,Ltd. | Taixing | Taixing | Productionandsales | 90.48% | Consolidationunderdifferentcontrol | |
ShenzhenTopbandAutomotiveElectronicsCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment | |
Q.B.PTE.LTD | Singapore | Singapore | Sales | 100.00% | Establishment | |
TOPBANDMEXICO,S.DER.L.DEC.V. | Mexico | Mexico | Productionandsales | 100.00% | Establishment | |
TunnuInnovation(HongKong)Limited | HongKong | HongKong | Sales | 100.00% | Establishment | |
TOPBANDSMARTEUROPECOMPANYLIMITEDS.R.L. | Romania | Romania | Sales | 100.00% | Establishment | |
HuizhouYAKOAutomationTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 71.54% | Establishment | |
ShenzhenZhongliConsultingCo.,Ltd. | Shenzhen | Qingdao | Sales | 100.00% | Establishment | |
TUNNUINNOVATION,INC | TheUnitedStates | TheUnitedStates | Sales | 100.00% | Establishment | |
NantongTopbandYounengTechnologyCo.,Ltd. | Nantong | Nantong | Productionandsales | 100.00% | Establishment | |
ShenzhenTopbandMotorCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 100.00% | Establishment | |
ShenzhenYueshangRobotCo.,Ltd. | Shenzhen | Shenzhen | Productionandsales | 100.00% | Establishment | |
ShenzhenXiaoyouAituInnovationTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Sales | 100.00% | Establishment | |
HuizhouChidingTechnologyCo.,Ltd. | Huizhou | Huizhou | Productionandsales | 100.00% | Establishment |
Explanationoftheshareholdingratiointhesubsidiarybeingdifferentfromthevotingrightsratio:
NoneBasisforholdinghalforlessofthevotingrightsbutstillcontrollingtheinvestee,andholdingmorethanhalfofthevotingrightsbutnotcontrollingtheinvestee:
Forimportantstructuredentitiesincludedintheconsolidationscope,thebasisforcontrol:
NoneBasisfordeterminingwhetheracompanyisanagentoraprincipal:
NoneOtherdescription:
(2)Importantnon-wholly-ownedsubsidiaries
Unit:RMB
Nameofsubsidiary | Shareholdingratioofminorityshareholders | Profitsandlossesattributabletominorityshareholdersduringthecurrentperiod | Dividendsdeclaredanddistributedtominorityshareholdersduringthecurrentperiod | Endingbalanceofminorityshareholders'equity |
ShenzhenYAKOAutomationTechnologyCo.,Ltd. | 28.46% | 317,022.94 | 0.00 | 83,645,322.00 |
Explanationoftheshareholdingratioofminorityshareholderinsubsidiaryshareholderbeingdifferentfromthevotingrightsratio:
NoneOtherdescription:
(3)Majorfinancialinformationofimportantnon-wholly-ownedsubsidiaries
Unit:RMB
Nameofsubsidiary | Endingbalance | Beginningbalance | ||||||||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
ShenzhenYAKOAutomationTechnologyCo.,Ltd. | 242,689,924.08 | 136,833,968.50 | 379,523,892.58 | 79,730,092.08 | 5,379,639.90 | 85,109,731.98 | 308,879,580.82 | 61,169,539.31 | 370,049,120.13 | 74,267,013.30 | 9,059,144.56 | 83,326,157.86 |
Unit:RMB
Nameofsubsidiary | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod | ||||||
Operatingincome | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | Operatingincome | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | |
ShenzhenYAKOAutomationTechnologyCo.,Ltd. | 248,511,066.02 | 676,743.90 | 676,743.90 | 22,473,846.35 | 296,759,371.59 | 29,933,264.92 | 29,933,264.92 | -14,283,982.69 |
Otherdescriptions:None
(4)Significantrestrictionsontheuseofenterprisegroupassetsandtheliquidationofenterprisegroupdebts
None
(5)FinancialsupportorothersupportprovidedtostructuredentitiesincludedinthescopeoftheconsolidatedfinancialstatementsNoneOtherdescription:
None
2.Transactionscausingtheowner'sequitysharechangebutstillcontrollingthesubsidiary
(1)Explanationofchangesinowner'sequityshareinthesubsidiaryNotapplicable
(2)Theimpactofthetransactionontheminorityshareholders'equityandtheowners'equityattributabletotheparentcompany:
Notapplicable
3.Interestsinjointventurearrangementsorassociatedenterprises
(1)ImportantjointventuresorassociatedenterprisesNotapplicableBasisforholdinglessthan20%ofthevotingrightsbuthavingsignificantinfluence,orholding20%ormoreofthevotingrightsbuthavingnosignificantinfluence:
None
(2)MajorfinancialinformationofimportantjointventuresNone
(3)MajorfinancialinformationofimportantassociatedenterprisesNone
(4)Summarizedfinancialinformationofunimportantjointventuresandassociatedenterprises
Unit:RMB
Endingbalance/amountincurredincurrentperiod | Beginningbalance/Amountincurredinthepreviousperiod | |
Jointventure: | ||
Sumofthefollowingitemscalculatedaccordingtotheshareholdingratio |
Associatedenterprises: | ||
Totalbookvalueofinvestment | 23,550,658.91 | 26,119,127.82 |
Sumofthefollowingitemscalculatedaccordingtotheshareholdingratio | ||
--Netprofit | -2,568,468.91 | -2,883,400.31 |
--Totalcomprehensiveincome | -2,568,468.91 | -2,883,400.31 |
Otherdescriptions:None
(5)StatementthatthereisamateriallimitationontheabilityofthejointventureorassociatedenterprisetotransferfundstotheCompanyNone
(6)ExcesslossesincurredbythejointventuresorassociatedenterprisesNone
(7)UnconfirmedcommitmentsrelatedtotheinvestmentofjointventuresNone
(8)ContingentliabilitiesrelatedtotheinvestmentofjointventuresorassociatedenterprisesNone
4.Importantjointoperation
None
5.RightsandinterestsinstructuredentitiesnotincludedinthescopeoftheconsolidatedfinancialstatementsRelevantexplanationsofstructuredentitiesnotincludedinthescopeoftheconsolidatedfinancialstatements:
Notapplicable
6.OthersNoneX.RisksAssociatedwithFinancialInstrumentsThemainfinancialinstrumentsoftheCompanyincludeequityinvestment,debtinvestment,borrowings,accountsreceivable,accountspayable,convertiblebonds,etc.Fordetailsofeachfinancialinstrument,pleaserefertotherelevantitemsinNoteVI.TherisksassociatedwiththesefinancialinstrumentsandtheriskmanagementpoliciesadoptedbytheCompanytomitigatetheserisksaredescribedbelow.Inordertoensurealltheaboverisks
tobecontrolledwithinalimitedscope,themanagementoftheCompanyhascontrolledandsupervisedtheriskexposure.Sensitivityanalysistechniqueisusedforanalyzingreasonablenessofriskvariableandpossibleimpactsfromitsvariationoncurrentprofitsandlossesorshareholder'sequity.Sinceanyriskvariablerarelychangesinisolation,andthecorrelationbetweenthevariableswillhaveasignificanteffectonthefinalamountaffectedbyachangeinariskvariable,thefollowingcontentsarebasedontheassumptionthatchangesineachvariablearemadeinisolation.ThemainrisksarisingfromtheCompany'sfinancialinstrumentsincludethecreditrisk,liquidityriskandmarketrisk.(I)RiskmanagementobjectiveandpolicyTheCompany'sriskmanagementobjectiveistostrikeanappropriatebalancebetweenrisksandreturns,reducethenegativeimpactofrisksontheCompany'sbusinessperformancetothelowestlevel,andmaximizetheinterestsofshareholdersandotherequityinvestors.Basedonthisriskmanagementobjective,thebasicriskmanagementstrategyoftheCompanyistodetermineandanalyzevariousrisksfacedbyit,establishanappropriateriskbearingbottomlineandcarryoutriskmanagement,andconducttimelyandreliablesupervisionofvariousriskstocontrolriskswithinthelimitedscope.
1.Marketrisk
(1)ForeignexchangeriskForeignexchangeriskreferstotheriskoflossduetoexchangeratefluctuations.TheCompany'sexposuretoforeignexchangerisksismainlyrelatedtoUSdollarsandHongKongdollars.ExceptfortheCompanyanditssubsidiary,Topband(HK)Co.,Limited,whichpurchasesandsellssomematerialsandproductsinUSdollars,EurosandHongKongdollars,TOPBANDINDIAPRIVATELIMITED,thesubsidiary,usesIndianRupee,Topband(Vietnam)Co.,Ltd.andTOPBANDSMARTDONGNAI(VIETNAM)Co.,Ltd.,thesub-subsidiaries,useVietnameseDong,andTopbandGermanyGmbH,thesub-subsidiary,usesEuros;TOPBANDJAPANCo.,Ltd.,thesub-subsidiary,usesJapaneseYen,Q.B.PTE.LTD,thesub-subsidiary,usesSingaporedollars,andTOPBANDMEXICO,S.DER.L.DEC.V.,thesub-subsidiary,usesMexicanPeso;TOPBANDSMARTEUROPECOMPANYLIMITEDS.R.L.,thegrandsoncompany,usesRomanianLeu,TunnuInnovationHKLimited,thegrandsoncompany,usesHongKongdollars,andTUNNUINNOVATION,INC.,thegrandsoncompany,usesUSdollars;othermajorbusinessactivitiesofTopbandaresettledinRMB.AsofDecember31,2022,theassetsandliabilitiesoftheCompanyareRMBbalances,exceptthattheassetsorliabilitiesstatedinVI.(LVIII)foreigncurrencymonetaryitemsareUSdollars,HongKongdollars,Euros,VietnameseDong,JapaneseYen,IndianRupee,RomanianLeuandMexicanPesobalances.TheforeignexchangerisksarisingfromtheassetsandliabilitiesofsuchforeigncurrencybalancesmayhaveanimpactontheCompany'soperatingresults.
TheCompanypayscloseattentiontotheimpactofexchangeratefluctuationsontheCompany'sforeignexchangerisks.TheCompanycurrentlytakesnomeasurestoavoidforeignexchangerisks.
(2)Otherpricerisks
InvestmentsheldbytheCompanyandclassifiedastradablefinancialassetsaremeasuredatfairvalueonthebalancesheetdate.Therefore,theCompanyisexposedtotheriskofchangesinthesecuritiesmarket.
2.CreditriskOnDecember31,2022,themaximumcreditriskexposurecausingtheCompany'sfinanciallossesismainlyincurredfromtheotherparty'sfailuretofulfillobligations,whichleadstheCompanytofinancialassetlosses,andfinancialguaranteeundertakenbytheCompany,includingconfirmedcarryingamountsoffinancialassetsinconsolidatedbalancesheets;thecarryingvalueonlyreflectsriskexposureoffinancialinstrumentsmeasuredatfairvalueratherthanthemaximumriskexposure,thatvarieswiththefairvalueinthefuture.Inordertoreducecreditrisks,theCompanyhassetupspecialpositionsresponsiblefordeterminingcreditlimits,conductingcreditapproval,andimplementingothermonitoringprocedurestoensurethatnecessarymeasuresaretakentorecoveroverdueclaims.Inaddition,theCompanyreviewstherecoveryofeachindividualreceivableoneachbalancesheetdatetoensurethatadequateprovisionismadeforuncollectibleamounts.Asaresult,theManagementoftheCompanybelievesthatthecreditriskassumedbytheCompanyhasbeensignificantlyreduced.TheCompany'sworkingcapitalisdepositedinabankwithahighcreditrating,sothecreditriskofworkingcapitalislow.TheCompanyhasadoptednecessarypoliciestoensurethatallsalescustomershavegoodcreditrecords.TheCompanyhasnoothermajorcreditconcentrationrisk.
3.FlowriskWhenmanagingliquidityrisk,theCompanymaintainssufficientcashandcashequivalentsasdeemedbythemanagementandmonitorsthemtomeettheCompany'soperationalneedsandreducetheimpactofcashflowfluctuations.ThemanagementoftheCompanymonitorstheuseofbankloansandensurescompliancewithloanagreements.
(II)TransferoffinancialassetsTherewerenoeventsrelatedtothetransferoffinancialassetsintheCompanythisyear.(III)OffsettingbetweenfinancialassetsandfinancialliabilitiesTherewerenoeventsrelatedtotheoffsettingbetweenfinancialassetsandfinancialliabilitiesintheCompanythisyear.XI.DisclosureofFairValue
1.Endingfairvalueofassetsandliabilitiesmeasuredatfairvalue
Unit:RMB
Items | Endingfairvalue | |||
Thefirstleveloffairvaluemeasurement | Thesecondleveloffairvaluemeasurement | Thethirdleveloffairvaluemeasurement | Total | |
I.Continuousfairvaluemeasurement | -- | -- | -- | -- |
(I)Tradablefinancialassets | 342,959,450.31 | 342,959,450.31 | ||
1.Financialassetatfairvalue | 342,959,450.31 | 342,959,450.31 |
andchangesthroughcurrentprofitsandlosses | ||||
(1)Debtinstrumentinvestment | 1,790,866.41 | 1,790,866.41 | ||
(2)Equityinstrumentinvestment | 341,168,583.90 | 341,168,583.90 | ||
(II)Receivablesfinancing | 254,988,202.60 | 254,988,202.60 | ||
(1)Bankacceptancebill | 79,652,525.19 | 79,652,525.19 | ||
(2)Accountsreceivable | 173,392,414.33 | 173,392,414.33 | ||
(3)Yunxin | 1,943,263.08 | 1,943,263.08 | ||
Totalassetscontinuouslymeasuredatfairvalue | 597,947,652.91 | 597,947,652.91 | ||
II.Non-continuousfairvaluemeasurement | -- | -- | -- | -- |
2.Thebasisfordeterminingthemarketpriceofcontinuousandnon-continuousfirst-levelfairvaluemeasurementitemsNone
3.Continuousandnon-continuoussecond-levelfairvaluemeasurementitems,valuationtechniquesadoptedandqualitativeandquantitativeinformationofimportantparametersNone
4.Continuousandnon-continuousthird-levelfairvaluemeasurementitems,valuationtechniquesadoptedandqualitativeandquantitativeinformationofimportantparametersNone
5.Continuousthird-levelfairvaluemeasurementitems,adjustmentinformationbetweenbeginningandendingbookvalueandsensitivityanalysisofunobservableparametersNone
6.Forcontinuousfairvaluemeasurementitems,iftheconversionoccursamongdifferentlevelsinthecurrentperiod,thereasonsfortheconversionandthepoliciesfordeterminingtheconversiontimepointNone
7.TechnicalchangesinvaluationduringthecurrentperiodandthereasonsforsuchchangesNone
8.FairvalueoffinancialassetsandfinancialliabilitiesnotmeasuredatfairvalueNone
9.OthersNoneXII.RelatedPartiesandRelatedTransactions
1.ProfileofparentcompanyoftheCompany
Nameofparentcompany | Registeredplace | Natureofbusiness | Registeredcapital | ShareholdingratioofparentcompanytotheCompany | Proportionoftheparentcompany'svotingrightsintheEnterprise |
WuYongqiang | Shenzhen | 16.68% | 16.68% |
ProfileofparentcompanyoftheCompanyThefirstmajorityshareholderandactualcontrolleroftheCompanyTheultimatecontrolleroftheCompanyisWuYongqiang.Otherdescription:
2.ProfileofsubsidiariesoftheCompanyFordetailsofthesubsidiariesoftheCompany,pleaserefertoNoteIX1.
3.InformationonthejointventuresandassociatedenterprisesoftheEnterpriseSeetheNoteIX.3onkeyjointventuresorassociatedenterprisesoftheenterprise.Otherjointventuresorassociatedenterpriseshavingrelated-partytransactionincurrentperiodorinpreviousperiodtoformbalancearelistedasfollows:
None
4.Otherrelatedparties
Namesofotherrelatedparties | RelationshipbetweenotherrelatedpartiesandtheEnterprise |
ShenzhenJizhiguangElectronicsCo.,Ltd. | AcompanysubstantiallycontrolledbytherelativeoftheCompany'slegalrepresentative |
ShenzhenLianghuiTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
ShenzhenORVIBOTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
ShenzhenHANSCIntelligentTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
GuangdongZhongchuangZhijiaScientificResearchCo.,Ltd. | ShareholdingcompaniesoftheCompany |
GuangdongHuixinSemiconductorCo.,Ltd. | ShareholdingcompaniesoftheCompany |
FujianMiniDolphinNewEnergyTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
ChengduSenweiTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
ShenzhenYoubiTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
ShanghaiYidongPowerTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
PasElectronicTechnology(Nanjing)Co.,Ltd. | ShareholdingcompaniesoftheCompany |
JiangsuDonghaiSemiconductorCo.,Ltd. | ShareholdingcompaniesoftheCompany |
JiangxiSaruiMicroelectronicsTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
ShanghaiXingganSemiconductorCo.,Ltd. | ShareholdingcompaniesoftheCompany |
ShenzhenJizhiLaserTechnologyCo.,Ltd. | ShareholdingcompaniesoftheCompany |
Otherdescription:
None
5.Relatedpartytransaction
(1)RelatedtransactionsinvolvingthepurchaseandsaleofgoodsandtheprovisionandacceptanceofservicesListofgoodspurchased/servicesreceived
Unit:RMB
Relatedparty | Relatedtransactioncontent | Amountincurredinthecurrentperiod | Approvedtransactionlimit | Isthetransactionlimitexceeded | Amountincurredinpriorperiod |
ShenzhenJizhiguangElectronicsCo.,Ltd. | Rawmaterials | 16,943,886.18 | 27,000,000.00 | No | 18,415,795.03 |
ShenzhenORVIBOTechnologyCo.,Ltd. | Rawmaterials | 28,062.77 | No | ||
JiangsuDonghaiSemiconductorCo.,Ltd. | Rawmaterials | 38,775.00 | No |
Listofgoodssold/servicesprovided
Unit:RMB
Relatedparty | Relatedtransactioncontent | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
ShenzhenORVIBOTechnologyCo.,Ltd. | Goodsonhand | 23,106,968.00 | 32,048,669.89 |
Relatedtransactionsinvolvingthepurchaseandsaleofgoodsandtheprovisionandacceptanceofservices
(2)Relevantentrustedmanagement/contractingandentrustedmanagement/outsourcingNone
(3)RelatedleaseNone
(4)RelatedpartyguaranteesituationNone
(5)InterbanklendingofrelatedpartiesNone
(6)AssettransferanddebtrestructuringofrelatedpartiesNone
(7)Remunerationofkeymanagementpersonnel
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Remunerationofkeymanagementpersonnel | 12,635,800.00 | 10,758,300.00 |
(8)OtherrelatedtransactionsNone
6.Payablesduetorelatedparties
(1)Itemreceivable
Unit:RMB
Projectname | Relatedparty | Endingbalance | Beginningbalance | ||
Bookbalance | Provisionforbaddebts | Bookbalance | Provisionforbaddebts | ||
Accountsreceivable | ShenzhenORVIBOTechnologyCo.,Ltd. | 6,487,666.99 | 201,117.68 | 10,396,665.72 | 322,296.64 |
Accountsreceivable | FujianMiniDolphinNewEnergyTechnologyCo.,Ltd. | 1,753,420.02 | 158,509.17 |
(2)Payables
Unit:RMB
Projectname | Relatedparty | Bookbalanceattheendoftheperiod | Bookbalanceatthebeginningoftheperiod |
Accountspayable | ShenzhenJizhiguangElectronicsCo.,Ltd. | 1,411,710.91 | 3,099,592.01 |
Accountspayable | JiangsuDonghaiSemiconductorCo.,Ltd. | 43,708.50 | |
Notespayable | ShenzhenJizhiguangElectronicsCo.,Ltd. | 110,000.00 | 2,376,908.03 |
Contractualliabilities | GuangdongZhongchuangZhijiaScientificResearchCo.,Ltd. | 132,075.47 |
7.CommitmentofrelatedpartiesNone
8.OthersNoneXIII.Share-basedpayment
1.Generalsituationofshare-basedpayments?Applicable□Notapplicable
Unit:RMB
TotalamountofequityinstrumentsgrantedbytheCompanyduringthecurrentperiod | 0.00 |
TotalamountofequityinstrumentsexercisedbytheCompanyduringthecurrentperiod | 14,049,300.00 |
TotalamountoftheCompany'sequityinstrumentsthatexpiredduringthecurrentperiod | 1,816,000.00 |
TherangeoftheexercisepriceoftheCompany'sotherequityinstrumentsoutstandingattheendoftheperiodandtheremainingtermofthecontract | OnNovember2,2021,theCompanygrantedrestrictedstockstoincentiveobjectsatagrantpriceofRMB7.23pershare,including1,224registeredobjectsand33.54432millionrestrictedstocksintotal.Topbandcarriedouttheperformanceappraisalforcompaniesandtheindividualincentiveobjectsonceineachfiscalyear,takingtheperformanceappraisaltargetastheunlockingconditionforrestrictedstocks.Thisincentiveplanwasvalidfromthegrantdateofrestrictedstockstothedatewhenallrestrictedstockswereunlockedorcanceled,withthemaximumtimeof48months.After12monthsfromthegrantdateoftherestrictedstocksgrantedthistime,theincentiveobjectsthatmeettheunlockingconditionscouldbeunlockedattheexerciseratioof30%,30%and40%withintheunlockingday. |
Otherdescription:
Explanationofshare-basedpayment:
1.Stockoptionsin2018OnNovember27,2018,the9thMeetingofthe6thBoardofDirectorsoftheCompanydeliberatedandpassedtheProposalonGrantingStockOptionstoIncentiveObjects,granting42.887millionstockoptionsto684eligibleincentiveobjectsatagrantpriceofRMB3.80pershare.OnJuly26,2019,the15thMeetingofthe6thBoardofDirectorsoftheCompanydeliberatedandpassedtheProposalonAdjustingtheStockOptionExercisePriceofthe2018StockOptionIncentivePlan,whichadjustedtheexercisepriceofthe2018StockOptionIncentivePlanfromRMB3.80toRMB3.70duetotheCompany's2018annualequitydistribution.OnMarch30,2020,theCompanyheldthe22ndMeetingofthe6thBoardofDirectors,deliberatingandapprovingtheProposalontheFirstExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRightsandtheProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan:Inthefirstexerciseperiodofthe2018stockoptionincentiveplanoftheCompany,atotalof606incentiveobjectswith12.0147millionstockoptionsintotalwereeligiblefor
exercise.InMay2020,atotalof606incentiveobjectswith12.0147millionstockoptionsintotalinthefirstexerciseperiodcompletedexercise.OnJanuary16,2021,giventhat76originalincentiveobjectsoftheCompany,includingHuangXinyuandYangShengcang,leftofficeduetopersonalreasons,accordingtorelevantprovisionsofthe2018StockOptionIncentivePlan(RevisedDraft),theabovepersonneldidnotmeettheincentiveconditions,andatotalof2.773millionstockoptionsthatweregrantedtothe76originalincentiveobjectsbutwerenotexercisedmaynotbeexercised.TheCompanyhascompletedthecancellationofthispartofthestockoptionsonJanuary29,2021.OnMarch5,2021,the6thMeetingofthe7thBoardofDirectorsoftheCompanydeliberatedandpassedtheProposalontheSecondExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRightsandProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan:thereare567incentiveobjectsinthesecondexerciseperiodofthe2018stockoptionincentiveplanintheCompany,intotalof10.9506millionstockoptions,thatmeettheexerciseconditionsandcanbeexercised.TheCompanyplanstoadopttheindependentexercisemode.ChengXuejingandLinQiao,theincentiveobjects,resignedfromtheCompanyduetopersonalreasons,andtheir80,500stockoptionsthathavebeengrantedbutnotyetexercisedwouldnotbeexercisedandwouldbecanceledbytheCompany.OnAugust6,2021,10.9506millionstockoptionsinvolving567incentiveobjectsthatmeettheexercisingconditionshadbeenexercised.
OnMarch18,2022,the21stMeetingofthe7thBoardofDirectorsandthe17thMeetingofthe7thBoardofSupervisorsoftheCompanydeliberatedandpassedtheProposalontheThirdExercisePeriodof2018StockOptionIncentivePlanMeetingtheExerciseConditionsandExercisableRightsandtheProposalonAdjustmentoftheIncentiveObjectsandtheNumberofStockOptionsof2018StockOptionIncentivePlan:thereare543incentiveobjectsinthethirdexerciseperiodofthe2018stockoptionincentiveplanintheCompany,intotalof
14.0493millionstockoptions,whichmeettheexerciseconditionsandcanbeexercised.TheCompanyplanstoadopttheindependentexercisemode.Thetotalnumberofexercisablestockoptionswas14.0493million.22incentiveobjects,includingZhangRanandWuMingli,resignedfromtheCompanyduetopersonalreasons,andtheir324,000stockoptionsthathavebeengrantedbutnotyetexercisedwouldnotbeexercisedandwouldbecanceledbytheCompany.OnMay16,2022,14.0493millionstockoptionsinvolving543incentiveobjectsthatmeettheexercisingconditionshadbeenexercised.
2.Restrictedstockin2021
OnOctober13,2021,theCompanyheldthe14thMeetingofthe7thBoardofDirectors,anddeliberatedandpassedtheProposalontheCompany'sRestrictedStockIncentivePlanin2021(Draft)>andItsAbstract,ProposalontheAppraisalManagementMeasuresfortheImplementationoftheRestrictedStockIncentivePlanin2021>andProposalonRequestingtheGeneralMeetingofShareholderstoAuthorizetheBoardofDirectorstoHandleMattersRelatedtotheCompany'sRestrictedStockIncentivePlanin2021,agreeingthattheCompanywouldgrant34millionrestrictedstocksto1,250incentiveobjects.
OnNovember2,2021,theCompanyheldthe16th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe13th(Extraordinary)Meetingofthe7thBoardofSupervisors,todeliberateandapprovetheProposalonAdjustingtheNumberofGrantedOptionsandListofIncentiveObjectsinRestrictedStockIncentivePlanin
2021.InviewoftheresignationofOuLiwhoisoneoftheincentiveobjects,andWangCheng,ShenZhiwenandTianConghuiwhovoluntarilygaveupthesubscriptionoftherestrictedstocksgrantedduetopersonalreasons,incentiveobjectswereadjustedfrom1,250to1,246,andthetotalrestrictedstocksgrantedforthefirsttimewaschangedfrom34millionto33.951million.
OnDecember7,2021,theCompanyheldthe17th(Extraordinary)Meetingofthe7thBoardofDirectors,todeliberateandapprovetheProposalonAdjustingtheNumberofGrantedOptionsandListofIncentiveObjectsinRestrictedStockIncentivePlanin2021.The21stbelievedthatafterdeterminingNovember2,2021asthegrantdateoftherestrictedstockincentiveplanin2021,intheprocessofcapitalpaymentbeforetheshareregistration,22incentiveobjectsdeterminedinthisincentiveplan,includingLiXiang,YuDingguoandLuYuanshan,voluntarilygaveupthesubscriptionofalltherestrictedstocksgrantedduetopersonalreasons,and10incentiveobjects,includingAoXinmeng,WangCao,andLiuXiaoshi,voluntarilygaveupthesubscriptionofsomeoftherestrictedstocksgrantedtothemduetopersonalreasons.Withtheauthorizationofthe2ndExtraordinaryGeneralMeetingofShareholdersin2021,the21stadjustedthegrantobjectsandgrantquantitiesofthisincentiveplan.Afteradjustment,thenumberofincentiveobjectsundertheRestrictedStockIncentivePlanin2021decreasedfrom1,246to1,224,andthenumberofrestrictedstocksgranteddecreasedfrom33.951millionto33.54432million.
OnMarch30,2022,the23rd(Extraordinary)Meetingofthe7thBoardofDirectorsandthe19th(Extraordinary)Meetingofthe7thBoardofSupervisorsoftheCompanydeliberatedandpassedtheProposalontheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021.10incentiveobjects,includingWuSongandLuoQingshanintheRestrictedStockIncentivePlanin2021,resignedfromtheCompanyduetopersonalreasonsandnolongermetconditionsforbecomingstockincentiveobjects.Therefore,their201,000restrictedstocksthathavebeengrantedbutnotyetunlockedwouldbecanceledbytheCompany.Intherestrictedstockincentiveplanin2021,theobjectstobegrantedwerereducedfrom1,224to1,214.
OnJuly25,2022,the26thMeetingofthe7thBoardofDirectorsandthe22ndMeetingofthe7thBoardofSupervisorsdeliberatedandpassedtheProposalonAdjustingtheRepurchasePriceofRestrictedStockIncentivePlanin2021.The2021annualequitydistributionplanwasimplemented,andtherepurchasepricewasadjustedfromRMB7.23persharetoRMB7.18pershareaccordingly.
OnAugust19,2022,the27th(Extraordinary)Meetingofthe7thBoardofDirectorsandthe22nd(Extraordinary)Meetingofthe7thBoardofSupervisorsoftheCompanydeliberatedandpassedtheProposalontheProposalonRepurchaseandCancellationofSomeRestrictedStocksfromRestrictedStockIncentivePlanin2021.66incentiveobjects,includingWeiYinandLiXinweiintheRestrictedStockIncentivePlanin2021,resignedfromtheCompanyduetopersonalreasonsandnolongermetconditionsforbecomingstockincentiveobjects.Therefore,their1.291millionrestrictedstocksthathavebeengrantedbutnotyetunlockedwouldbecanceledbytheCompany.Intherestrictedstockincentiveplanin2021,theobjectstobegrantedwerereducedfrom1,214to1,148.
2.Equity-settledshare-basedpayments?Applicable□Notapplicable
Unit:RMB
Methodfordeterminingthefairvalueoftheequityinstrumentonthegrantdate | Fairvalueofequityinstruments=(marketpriceongrantdate-grantprice)*numberofshares |
Basisfordeterminingthenumberofexercisableequityinstruments | Estimationshallbebasedonthelatestavailablechangesonvestingemployeenumberandothersubsequentinformation. |
Reasonsforthesignificantdifferencebetweentheestimatesofthecurrentperiodandthatofthepreviousperiod | None |
Accumulatedamountofequity-settledshare-basedpaymentsincludedincapitalreserves | 239,742,584.41 |
Totalamountofexpensesrecognizedbyequity-settledshare-basedpaymentsinthecurrentperiod | 129,338,605.34 |
Otherdescription:
3.Cash-settledshare-basedpayments
□Applicable?Notapplicable
4.Modificationandterminationofshare-basedpaymentsNone
5.OthersNoneXIV.Commitmentsandcontingencies
1.ImportantcommitmentsImportantcommitmentsthatexistedonthebalancesheetdateAsofDecember31,2022,theCompanyhasnocommitmentthatneedstobedisclosed.
2.Contingencies
(1)SignificantcontingenciesonthebalancesheetdateAsofDecember31,2022,theCompanyhasnocontingencythatneedstobedisclosed.
(2)TheimportantcontingenciesnotrequiredtobedisclosedshallbeexplainedaswellNosignificationcontingenciesneedtobedisclosedbytheCompany.
3.OthersNone
XV.Eventsafterthebalancesheetdate
1.Importantnon-adjustingmattersNone
2.ProfitdistributionNone
3.SalesreturnNone
4.ExplanationofothereventsafterthebalancesheetdateNone
XVI.Otherimportantmatters
1.Correctionofearlyaccountingerrors
(1)RetrospectiverestatementmethodNone
(2)ProspectiveapplicationmethodNone
2.DebtrestructuringNone
3.AssetreplacementNone
4.AnnuityplanNone
5.DiscontinuedoperationNone
6.Divisioninformation
(1)BasisforrecognitionandaccountingpoliciesofreportabledivisionsNone
(2)FinancialinformationofreportabledivisionsNone
(3)IftheCompanyhasnoreportablesegments,orfailstodisclosethetotalassetsandliabilitiesofeachsegment,thereasonsshallbegiven.None
(4)OtherdescriptionsNone
7.Otherimportanttransactionsandmattersthathaveanimpactoninvestors'decisionsNone
8.OthersNone
XVII.Notestomainitemsoffinancialstatementsoftheparentcompany
1.Accountsreceivable
(1)Disclosureofaccountsreceivablebycategory
Unit:RMB
Category | Endingbalance | Beginningbalance | ||||||||
Bookbalance | Provisionforbaddebts | Bookvalue | Bookbalance | Provisionforbaddebts | Bookvalue | |||||
Amount | Proportion | Amount | Proportionofprovision | Amount | Proportion | Amount | Proportionofprovision | |||
Accountsreceivablewithsingleprovisionforbaddebts | 450,165,784.04 | 25.14% | 450,165,784.04 | 231,814,138.25 | 15.06% | 231,814,138.25 | ||||
Including: | ||||||||||
Accountsreceivablewithasinglesignificantamountandsinglebaddebtprovision | 449,954,452.01 | 25.13% | 449,954,452.01 | 231,795,120.17 | 15.06% | 231,795,120.17 | ||||
Accountsreceivablewithinsignificantsingleamountbutseparatebaddebtprovision | 211,332.03 | 0.01% | 211,332.03 | 19,018.08 | 0.00% | 19,018.08 | ||||
Accountsreceivablewithprovisionforbaddebtsbyportfolio | 1,340,185,677.97 | 74.86% | 43,496,510.19 | 3.25% | 1,296,689,167.78 | 1,306,965,149.94 | 84.94% | 41,858,033.85 | 3.20% | 1,265,107,116.09 |
Including: | ||||||||||
Accountsreceivablewithprovisionforbaddebtsbycombination(aginganalysismethod) | 1,340,185,677.97 | 74.86% | 43,496,510.19 | 3.25% | 1,296,689,167.78 | 1,306,965,149.94 | 84.94% | 41,858,033.85 | 3.20% | 1,265,107,116.09 |
Total | 1,790,351,462.01 | 100.00% | 43,496,510.19 | 2.43% | 1,746,854,951.82 | 1,538,779,288.19 | 1.00% | 41,858,033.85 | 2.72% | 1,496,921,254.34 |
Singleprovisionforbaddebts:0
Unit:RMB
Name | Endingbalance | |||
Bookbalance | Provisionforbaddebts | Proportionofprovision | Reasonsforprovision | |
Receivableswithsignificantindividualamountandsingleprovision | 449,954,452.01 |
forbaddebts | |
Receivableswithnotsignificantamountbutwithsingleprovisionforbaddebts | 211,332.03 |
Total | 450,165,784.04 |
Provisionforbaddebtsbyportfolio:43,496,510.19
Unit:RMB
Name | Endingbalance | ||
Bookbalance | Provisionforbaddebts | Proportionofprovision | |
Accountsreceivablewithprovisionforbaddebtsbycombination(aginganalysismethod) | 1,340,185,677.97 | 43,496,510.19 | 3.25% |
Total | 1,340,185,677.97 | 43,496,510.19 |
Explanationofthebasisfordeterminingtheportfolio:
Iftheprovisionforbaddebtsonnotesreceivableisbasedonthegeneralmodelofexpectedcreditloss,theinformationabouttheprovisionforbaddebtsshallbedisclosedbyreferringtothedisclosuremethodofotherreceivables:
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
Aging | Bookbalance |
Within1year(including1year) | 1,781,879,318.05 |
1-2years | 5,015,015.44 |
2-3years | 1,465,220.68 |
Above3years | 1,991,907.84 |
3-4years | 659,343.12 |
4-5years | 1,332,564.72 |
Above5years | 0.00 |
Total | 1,790,351,462.01 |
(2)Provisionforbaddebtswithdrawn,recoveredorreversedincurrentperiodProvisionforbaddebtsinthecurrentperiod:
Unit:RMB
Category | Beginningbalance | Amountchangedinthecurrentperiod | Endingbalance | |||
Provision | Recoverorreversal | Write-off | Other | |||
Provisionforbaddebts | 41,858,033.85 | 1,537,879.86 | -100,596.48 | 43,496,510.19 | ||
Total | 41,858,033.85 | 1,537,879.86 | -100,596.48 | 43,496,510.19 |
Ofwhichtheamountofprovisionforbaddebtsrecoveredorreversedinthecurrentperiodissignificant:None
(3)AccountsreceivableactuallywrittenoffinthecurrentperiodNone
(4)Accountsreceivableoftopfiveendingbalancesgroupedbydebtors
Unit:RMB
Nameofunit | Endingbalanceofaccountsreceivable | Proportiontototalendingbalancesofaccountsreceivable | Endingbalanceofprovisionforbaddebts |
No.1 | 551,671,878.51 | 30.81% | 17,106,763.12 |
No.2 | 358,663,142.99 | 20.03% | |
No.3 | 68,175,617.40 | 3.81% |
No.4 | 57,925,548.32 | 3.24% | 1,795,692.00 |
No.5 | 54,349,143.94 | 3.04% | 1,684,823.46 |
Total | 1,090,785,331.16 | 60.93% |
(5)AmountofassetsandliabilitiesformedbytransferringaccountsreceivableandcontinuingtobeinvolvedOtherdescriptions:None
(6)Accountsreceivablederecognizedduetotransferoffinancialassets
2.Otherreceivables
Unit:RMB
Items | Endingbalance | Beginningbalance |
Otherreceivables | 902,544,005.07 | 141,619,648.22 |
Total | 902,544,005.07 | 141,619,648.22 |
(1)Interestreceivable
1)ClassificationofinterestreceivableNone
2)SignificantoverdueinterestNone
3)Provisionforbaddebts
□Applicable?Notapplicable
(2)Dividendsreceivable
1)ClassificationofinterestreceivableNone
2)Importantdividendsreceivableagedover1year:None
3)Provisionforbaddebts
□Applicable?Notapplicable
Otherdescriptions:None
(3)Otherreceivables
1)Classificationofotherreceivablesbynatureofamount
Unit:RMB
Natureofpayment | Bookbalanceattheendoftheperiod | Bookbalanceatthebeginningoftheperiod |
Exportrebate | 13,029,637.12 | 0.00 |
Employeeloans | 7,933,323.35 | 6,888,020.46 |
Margin,deposit | 6,090,182.95 | 5,474,993.31 |
Receivablesandpayables | 878,703,958.79 | 131,639,091.99 |
Other | 30,456.33 | 7,693.46 |
Total | 905,787,558.54 | 144,009,799.22 |
2)Provisionforbaddebts
Unit:RMB
Provisionforbaddebts | Firststage | Secondstage | Thirdstage | Total |
Expectedcreditlossinthenext12months | Expectedcreditlossfortheentireduration(nocreditimpairment) | Expectedcreditlossfortheentireduration(creditimpairmentoccurred) | ||
BalanceasofJanuary1,2022 | 2,390,151.00 | 2,390,151.00 | ||
BalanceasofJanuary1,2022inthecurrentperiod | ||||
Accrualinthecurrentperiod | 862,460.59 | 862,460.59 | ||
Amountchargedoffinthecurrentperiod | 9,058.12 | 9,058.12 | ||
BalanceasofDecember31,2022 | 3,243,553.47 | 3,243,553.47 |
Changesinbookbalancewithsignificantchangesinlossreservesinthecurrentperiod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
Aging | Bookbalance |
Within1year(including1year) | 899,507,615.15 |
Totalwithin1year | 899,507,615.15 |
1-2years | 1,718,310.98 |
2-3years | 877,475.83 |
Above3years | 3,684,156.58 |
3-4years | 2,500,962.00 |
4-5years | 69,484.58 |
Above5years | 1,113,710.00 |
Total | 905,787,558.54 |
3)Baddebtprovisionwithdrawn,recoveredorreversedinthecurrentperiodProvisionforbaddebtsinthecurrentperiod:
Unit:RMB
Category | Beginningbalance | Amountchangedinthecurrentperiod | Endingbalance | |||
Provision | Recoverorreversal | Write-off | Other | |||
Provisionforbaddebts | 2,390,151.00 | 862,460.59 | 9,058.12 | 3,243,553.47 | ||
Total | 2,390,151.00 | 862,460.59 | 9,058.12 | 3,243,553.47 |
4)OtherreceivablesactuallywrittenoffinthecurrentperiodNone
5)Otherreceivablesoftopfiveendingbalancesgroupedbydebtors
Unit:RMB
Nameofunit | Natureofpayment | Endingbalance | Aging | Proportiontototalendingbalancesofotherreceivables | Endingbalanceofprovisionforbaddebts |
No.1 | Transactionswithrelatedparties | 704,552,468.64 | Within1year | 77.78% | |
No.2 | Transactionswithrelatedparties | 139,616,541.34 | Within1year | 15.41% | |
No.3 | Transactionswithrelatedparties | 23,261,228.00 | Within1year | 2.57% | |
No.4 | Exporttaxrebate | 13,029,637.12 | Within1year | 1.44% | |
No.5 | Transactionswithrelatedparties | 3,503,540.00 | Within1year | 0.39% | |
Total | 883,963,415.10 | 97.59% |
6)ReceivablesinvolvinggovernmentsubsidiesNone
7)OtherreceivablesderecognizedduetotransferoffinancialassetsNone
8)AmountofassetsandliabilitiesformedbytransferringotherreceivablesandcontinuingtobeinvolvedNone
3.Long-termequityinvestment
Unit:RMB
Items | Endingbalance | Beginningbalance | ||||
Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
Investmentinsubsidiaries | 3,952,516,773.78 | 3,952,516,773.78 | 2,941,581,406.04 | 2,941,581,406.04 | ||
Investmentinassociatedenterprisesandjointventures | 18,320,001.21 | 12,433,655.05 | 5,886,346.16 | 18,408,714.90 | 12,433,655.05 | 5,975,059.85 |
Total | 3,970,836,774.99 | 12,433,655.05 | 3,958,403,119.94 | 2,959,990,120.94 | 12,433,655.05 | 2,947,556,465.89 |
(1)Investmentinsubsidiaries
Unit:RMB
Investee | Beginningbalance(bookvalue) | Changesinincreaseordecreaseinthecurrentperiod | Endingbalance(bookvalue) | Endingbalanceofprovisionforimpairment | |||
Additionalinvestment | Decreaseininvestment | Provisionforimpairment | Other | ||||
ShenzhenTopbandSoftwareTechnologyCo.,Ltd. | 18,699,450.44 | 5,395,624.24 | 24,095,074.68 | ||||
ShenzhenTopbandBatteryCo.,Ltd. | 5,963,808.90 | 617,193,739.55 | 623,157,548.45 | ||||
ShenzhenTopbandAutomationTechnologyCo.,Ltd. | 34,634,741.13 | 1,108,629.30 | 35,743,370.43 | ||||
ChongqingTopbandIndustrialCo.,Ltd. | 210,330,745.87 | 809,138.72 | 211,139,884.59 | ||||
Topband(HongKong)Co.,Ltd. | 364,511,500.00 | 163,897,000.00 | 528,408,500.00 | ||||
HuizhouTopbandElectricalTechnologyCo.,Ltd. | 1,007,281,720.35 | 17,443,269.29 | 1,024,724,989.64 | ||||
NingboTopbandIntelligentControlCo.,Ltd. | 519,868,835.07 | 150,714,633.48 | 670,583,468.55 | ||||
ShenzhenAlliedControlSystemCo.,Ltd. | 122,145,544.81 | 3,499,900.70 | 125,645,445.51 | ||||
ShenzhenMeanstoneIntelligentTechnologyCo.,Ltd. | 10,000,000.00 | 10,000,000.00 | |||||
TOPBANDINDIAPRIVATELIMITED | 195,026,748.97 | 195,026,748.97 | |||||
ShenzhenYAKOAutomationTechnologyCo.,Ltd. | 350,014,659.96 | 350,014,659.96 | |||||
ShenzhenTopbandInvestmentCo.,Ltd. | 60,092,202.62 | 40,144,265.56 | 100,236,468.18 | ||||
ShenzhenTopbandSupplyChainServicesCo.,Ltd. | 5,000,000.00 | 0.00 | 5,000,000.00 | ||||
ShenzhenSenxuanTechnologyCo.,Ltd. | 8,011,447.92 | 62,800.02 | 8,074,247.94 | ||||
Topband(Qingdao)IntelligentControlCo.,Ltd. | 30,000,000.00 | 0.00 | 30,000,000.00 | ||||
ShenzhenTopbandMotorCo.,Ltd. | 10,666,366.88 | 10,666,366.88 | |||||
Total | 2,941,581,406.04 | 1,010,935,367.74 | 3,952,516,773.78 |
(2)Investmentinassociatedenterprisesandjointventures
Unit:RMB
Investmentunit | Beginningbalance(bookvalue) | Changesinincreaseordecreaseinthecurrentperiod | Endingbalance(bookvalue) | Endingbalanceofprovisionforimpairment | |||||||
Additionalinvestment | Decreaseininvestment | Profitsandlossesoninvestmentrecognizedunderequitymethod | Adjustmenttoothercomprehensiveincome | Otherchangesinequity | Declarationofdistributionforcashdividendsorprofits | Provisionforimpairment | Other | ||||
I.Jointventure | |||||||||||
II.Associatedenterprises | |||||||||||
ShenzhenDakaOptoelectronicsCo.,Ltd. | 5,975,059.85 | -88,713.69 | 5,886,346.16 | ||||||||
Tai'anYuchengxinPowerSupplyTechnologyCo.,Ltd. | 12,433,655.05 | ||||||||||
Subtotal | 5,975,059.85 | -88,713.69 | 5,886,346.16 | 12,433,655.05 | |||||||
Total | 5,975,059.85 | -88,713.69 | 5,886,346.16 | 12,433,655.05 |
(3)OtherdescriptionsNone
4.Operatingincomeandoperatingcost
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod | ||
Income | Cost | Income | Cost | |
Mainbusiness | 5,013,119,851.86 | 4,207,791,500.54 | 4,371,958,034.40 | 3,624,790,477.82 |
Otherbusiness | 189,528,792.86 | 170,094,464.62 | 192,086,856.35 | 167,351,318.23 |
Total | 5,202,648,644.72 | 4,377,885,965.16 | 4,564,044,890.75 | 3,792,141,796.05 |
Income-relatedinformation:
NoneInformationrelatedtoperformanceobligations:
NotapplicableOtherdescription:
None
5.Returnoninvestment
Unit:RMB
Items | Amountincurredinthecurrentperiod | Amountincurredinpriorperiod |
Long-termequityinvestmentincomeaccountedwithcostmethod | 14,053,405.97 | |
Long-termequityinvestmentincomeaccountedbythecostmethod | -88,713.69 | -527,468.28 |
Investmentrevenuefromdisposaloftradablefinancialassets | 38,226,720.08 | |
Forwardforeignexchangesettlementprofitandloss | 2,994,236.07 | 9,569,000.00 |
Incomeoffinancialproducts | 7,977,806.26 | |
Total | 2,905,522.38 | 69,299,464.03 |
6.OthersNone
XVIII.SupplementaryInformation
1.Scheduleofcurrentnon-recurringprofitsandlosses?Applicable□Notapplicable
Unit:RMB
Items | Amount | Description |
Profitsandlossesondisposalofnon-currentassets | -3,145,453.49 | |
Governmentsubsidiesincludedincurrentprofitsandlosses(exceptthosethatarecloselyrelatedtothenormalbusinessoftheCompany,conformtonationalpoliciesandregulationsandarecontinuouslyenjoyedinafixedorquantitativemanneraccordingtocertainstandards) | 33,217,045.91 | |
profitsandlossesduetofairvaluechangesarisingfromtheholdingoftradablefinancialassetsandliabilities,aswellastheinvestmentincomefromthedisposaloftradablefinancialassetsandliabilitiesandavailable-for-salefinancialassets,exceptfortheeffectivehedgingbusinessrelatedtothenormalbusinessoftheCompany | 90,812,862.06 | |
Reversaloftheprovisionforimpairmentinreceivablesforwhichimpairmenttestsarecarriedoutseparately | 120,596.48 | |
Othernon-operatingincomeandexpensesotherthanthosementionedabove | 373,250.06 | |
Otheritemsofprofitsandlossesthatmeetthedefinitionofnon-recurringprofitsandlosses | 270,112.67 | |
Minus:amountaffectedbyincometax | 22,265,407.68 | |
Impactamountofminorityshareholders'equity | 430,808.43 | |
Total | 98,952,197.58 | -- |
Detailsofotheritemsofprofitsandlossesthatconformtothedefinitionofnon-recurringprofitsandlosses:
□Applicable?NotapplicableNone.
Explanationofdefiningthenon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic-Non-recurringProfitsandLossesasrecurringprofitandlossitems
□Applicable?Notapplicable
2.Returnonequityandearningspershare
Profitsofthereportingperiod | Weightedreturnonaverageequity | Earningspershare | |
Basicearningspershare(RMB/share) | Dilutedearningspershare(RMB/share) | ||
NetincomeattributabletotheordinaryshareholdersoftheCompany | 10.85% | 0.46 | 0.46 |
NetprofitattributabletotheordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitsandlosses | 9.00% | 0.38 | 0.38 |
3.Differencesinaccountingdataunderdomesticandforeignaccountingstandards
(1)DifferencesinnetprofitandnetassetsbetweenfinancialreportsdisclosedinaccordancewithInternationalAccountingStandardsandthosedisclosedinaccordancewithPRCGAAPatthesametime
□Applicable?Notapplicable
(2)DifferencebetweenthenetprofitandnetassetsinthefinancialreportsdisclosedinaccordancewithbothforeignaccountingstandardsandChineseaccountingstandardsatthesametime
□Applicable?Notapplicable
(3)Reasonsfordifferencesinaccountingdataunderdomesticandforeignaccountingstandards.Ifthedataauditedbyanoverseasauditinstitutionisadjustedfordifferences,thenameoftheoverseasauditinstitutionshallbeindicatedNone
4.OthersNone