Item

Current Reporting Period

Change percentage (%) from the same period last year in the current reporting period

From the Beginning of the Year to the End of the Reporting Period

Change percentage (%) from the same period last year from the beginning of the year to the end of the reporting period

Operating Income

319,630,073.16

-30.26

1,284,528,261.57

6.03

Net Profit attributable to Shareholders of the Listed Company

24,356,054.41

-61.26

219,248,822.56

0.89

Net Profit attributable to Shareholders of the Listed Company after deducting Non-recurring Gains and Losses

24,988,120.45

-57.02

215,368,038.48

11.31

Net Cash Flow from Operating Activities

N/A

N/A

361,530,810.52

36.76

Basic Earnings Per Share (Yuan/share)

0.11

-61.26

0.95

-13.12

Diluted Earnings Per Share (Yuan/share)

0.11

-61.26

0.95

-13.12

Weighted Average Return on Net Assets (%)

1.10

Decrease of 1.81 percentage points

10.37

-3.28

End of Current Reporting Period

End of Last Year

Change percentage (%) from the end of last year to the end of the current reporting period

Total Assets

3,742,683,147.04

3,610,011,554.78

3.68

Owners' Equity attributable to Shareholders of the Listed Company

2,222,369,015.56

2,010,827,770.37

10.52

Item

Amount for the Current Reporting Period

Amount from the Beginning of the Year to the End of the Reporting Period

Description

Gains and losses from disposal of non-current assets (including the reversal portion of impairment provisions for assets)

306,245.99

347,573.68

Over-authorized approval, or lack of formal approval documents, or incidental tax refunds and reductions

Government subsidies included in current profit and loss (excluding government subsidies closely related to the company's normal operations, compliant with national policies, and continuously enjoyed at a fixed or quantitative standard)

2,301,693.16

6,954,577.91

Fees for the use of funds collected from non-financial enterprises, included in current profit and loss

Income generated when the investment cost of acquiring subsidiaries, associates, and joint ventures is less than the fair value of the identifiable net assets of the invested entity that should be enjoyed at the time of acquisition

Gains and losses from non-monetary asset exchange

Gains and losses from entrusted investments or asset management

Various asset impairment provisions made due to force majeure factors, such as natural disasters

Gains and losses from debt restructuring

Enterprise restructuring expenses, such as employee resettlement expenses, integration costs, etc.

Gains and losses from transactions where the transaction price is significantly unfair, exceeding the fair value

Net profit or loss of subsidiaries from the beginning of the period to the merger date arising from business combinations under common control

Gains and losses arising from contingencies unrelated to the company's normal business operations

Fair value change gains and losses arising from holding tradable financial assets, tradable financial liabilities, and investment income from disposal of tradable financial assets, tradable financial liabilities, and available-for-sale financial assets, excluding effective hedging activities related to the company's normal business operations

-3,227,604.68

-2,983,879.31

Gains and losses from entrusted loans to external parties

Gains and losses from changes in fair value of investment properties measured using the fair value model for subsequent measurement

Impact on current profit or loss from one-time adjustments to current profit or loss in accordance with tax, accounting, and other laws and regulations

Custody fee income from entrusted operations

Other non-operating income and expenses apart from the above items

-95,980.05

-205,168.98

Other profit and loss items that meet the definition of non-recurring gains and losses

503,825.64

Less: Income tax impact

-63,172.74

753,162.84

Impact on minority shareholders' equity (after tax)

-20,406.80

-17,017.98

Total

-632,066.04

3,880,784.08

Project Name

Change Ratio (%)

Operating Revenue_Current Reporting Period

-30.26

After the implementation of National VI emission standards, customer demand was released in advance in the first half of the year, leading to an industry downturn and a decline in sales by the company's customers, resulting in decreased customer orders and a year-on-year decrease in revenue

Net Profit attributable to shareholders of the listed company_Current Reporting Period

-61.26

Same as above

Net Profit attributable to shareholders of the listed company after deducting non-recurring gains and losses_Current Reporting Period

-57.02

Same as above

Basic Earnings Per Share_Current Reporting Period

-61.26

A decrease in profit during the current reporting period led to a decrease in earnings per share

Diluted Earnings Per Share_Current Reporting Period

-61.26

Same as above

Net Cash Flow from Operating Activities_Year-to-Date

36.76

Operating cash flow collection was better than the same period

Common Shares at End of Reporting Period Total Number of Shareholders

16,864

Total Number of Preferred Shareholders whose Voting Rights have been Restored at End of Reporting Period (if any)

0

Shareholding of Top 10 Shareholders

Shareholder Name

Shareholder Nature

Shareholding Ratio (%)

Number of Shares Subject to Selling Restrictions

Li Zuoyuan

Overseas Individual

94,274,428

40.72

91,451,745

None

0

Xu Nengchen

Overseas Individual

25,969,680

11.22

25,969,680

None

0

Li Xianfeng

Domestic Individual

12,984,840

5.61

12,984,840

None

0

Li Congrong

Overseas Individual

12,984,840

5.61

12,984,840

None

0

Xiangyang Innovation Capital Venture Capital Co., Ltd.

Domestic Non-State-Owned Legal Person

5,788,180

2.50

0

None

0

Shenzhen Capital Group Co., Ltd.

Domestic Non-State-Owned Legal Person

4,630,320

2.00

0

None

0

Li Kewu

Domestic Individual

2,893,860

1.25

0

None

0

Wang Jiancheng

Domestic Individual

2,267,000

0.98

0

None

0

Chi Yuan

Domestic Individual

1,736,415

0.75

0

None

0

Hubei Hongtu Venture Capital Co., Ltd.

Domestic Non-State-Owned Legal Person

1,157,580

0.50

0

None

0

Shareholding of Top 10 Shareholders with Unlimited Sales Conditions

Shareholder Name

Number of Unrestricted Shares Held

Type and Quantity of Shares

Share Type

Quantity

Xiangyang Innovation Capital Venture Capital Co., Ltd.

5,788,180

RMB Ordinary Shares

5,788,180

Shenzhen Capital Group Co., Ltd.

4,630,320

RMB Ordinary Shares

4,630,320

Li Kewu

2,893,860

RMB Ordinary Shares

2,893,860

Li Zuoyuan

2,822,683

RMB Ordinary Shares

2,822,683

Wang Jiancheng

2,267,000

RMB Ordinary Shares

2,267,000

Chi Yuan

1,736,415

RMB Ordinary Shares

1,736,415

Hubei Hongtu Venture Capital Co., Ltd.

1,157,580

RMB Ordinary Shares

1,157,580

Liu Bin

962,700

RMB Ordinary Shares

962,700

Fan Xiao

925,740

RMB Ordinary Shares

925,740

Wuxi Baifa Generator Group Co., Ltd.

906,340

RMB Ordinary Shares

906,340

Explanation of Associated Relationships or Concerted Action Among the Above Shareholders

Shareholder Li Zuoyuan and Xu Nenchen are spouses. Shareholder Li Zuoyuan and Li Congrong are in a father-daughter relationship. Shareholder Li Zuoyuan and Li Xianfeng are in a father-son relationship. Shareholders Li Zuoyuan, Xu Nenchen, Li Congrong, and Li Xianfeng signed a concerted action agreement and are acting in concert. Shenzhen Capital Group holds 26.67% of Xiangyang Innovation's equity, making it the second-largest shareholder of Xiangyang Innovation. Shenzhen Capital Group holds 32.29% of Hubei Hongtu's equity, making it the largest shareholder of Hubei Hongtu. Shenzhen Capital Group can influence the significant decisions of Xiangyang Innovation and Hubei Hongtu, and thus are acting in concert. It is unknown whether there are associated relationships or concerted action among other shareholders.

Shareholder Wang Jiancheng holds 2,267,000 shares of the company, accounting for 0.98% of the company's total share capital, of which 2,267,000 shares are held through an investor's credit securities account.