(a joint stock limited company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司 ) Stock Code 股份代碼: 02722 2024 ANNUAL REPORT 年報 僅 供 識 別 CHONGQING MACHINE RY & ELECTRIC CO., LTD. ANNUAL REPO R T 重 慶 機 電 股 份 有 限 公 司 年 報 2024 目錄 CONTENTS | 公司資料 | 2 | | --- | --- | | Corporate Information | | | 財務摘要 | 6 | | Financial Highlights | | | 集團架構 | 7 | | Group Structure | | | 業績摘要 | 8 | | Results Highlights | | | 董事長報告 | 9 | | Chairman's Statement | | | 管理層討論及分析 | 19 | | Manage ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Chongqing Machinery & Electric Co., Ltd. * 02722 合併利潤表 2024年度 | 編製單位：重慶機電股份有限公司 | | | 單位：人民幣元 | | --- | --- | --- | --- | | 項目 | 附註 | 2024年度 | 2023年度 | | | | | （經重述） | | 一、營業總收入 | 4.1 | 8,919,237,178.76 | 8,058,534,342.38 | | 其中：營業收入 | 4.1 | 8,865,476,936.11 | 8,004,430,705.93 | | 利息收入 | 4.1 | 53,726,121.01 | 54,098,357.11 | | 手續費及佣金收入 | 4.1 | 34,121.64 | 5,279.34 | | 二、營業總成本 | | 8,855,433,949.50 | 8,004 ...

CQME 重慶能電股份負 CHONGQING MACHINERY & ELE (a joint stock limited company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock Code 股份代碼: 02722 2024 中期報告 INTERIM REPORT * For identification purposes only 僅供識別 CONTENTS Corporate Information 2 公司資料 Results Highlights 7 業績摘要 Chairman's Statement 8 董事長報告 Management's Discussion and Analysis 18 管理層討論及分析 Other Information 35 其他數據 Review Report on Interim Financial Information 40 中期財務資料的審閱報告 Interim Condensed Consolidated ...

Revenue and Profit Performance - Revenue for the first half of 2024 reached RMB 4,225.7 million, an increase of 8.7% year-over-year[2] - Gross profit for the first half of 2024 was RMB 744.0 million, up 1.5% compared to the same period last year[2] - Net profit attributable to shareholders for the first half of 2024 was RMB 270.1 million, a significant increase of 48.5% year-over-year[2] - Basic earnings per share for the first half of 2024 were RMB 0.07, up 48.5% compared to the same period last year[2] - Net profit for the first half of 2024 was RMB 290.1 million, compared to RMB 202.8 million in the same period last year[5] - Earnings per share (basic and diluted) for the first half of 2024 were RMB 0.07, up from RMB 0.05 in the same period last year[5] - Group's total revenue for the first half of 2024 reached approximately RMB 4,225.7 million, a year-on-year increase of 8.7%[61] - Group's gross profit for the first half of 2024 increased by RMB 11.3 million or 1.5% year-on-year to RMB 744.0 million[62] - Operating profit rose by RMB 95.4 million, or 40.3%, to RMB 331.8 million[66] - Shareholders' profit attributable increased by RMB 88.2 million, or 48.5%, to RMB 270.1 million, with earnings per share rising from RMB 0.05 to RMB 0.07[70] Costs and Expenses - Total operating costs for the first half of 2024 were RMB 4,201.4 million, with operating costs accounting for RMB 3,478.8 million[4] - R&D expenses for the first half of 2024 were RMB 197.0 million, an increase from RMB 180.5 million in the same period last year[4] - Sales and administrative expenses increased by RMB 23.5 million, or 5.6%, to RMB 443.9 million, with the ratio to sales slightly decreasing from 10.8% to 10.5%[65] - Financial expenses surged by RMB 19.7 million, or 76.1%, to RMB 45.6 million due to a significant decrease in exchange gains[67] - Current income tax expense: 43,503,628.10 RMB in the first half of 2024, compared to 31,933,093.69 RMB in the same period of 2023[48] Assets and Liabilities - Total assets decreased to RMB 17,343,779,769.96 as of June 30, 2024, compared to RMB 17,486,084,156.96 at the end of 2023[6] - Total liabilities decreased to RMB 8,922,158,285.40 as of June 30, 2024, from RMB 9,246,252,819.51 at the end of 2023[7] - Shareholders' equity increased to RMB 8,421,621,484.56 as of June 30, 2024, up from RMB 8,239,831,337.45 at the end of 2023[7] - Cash and cash equivalents decreased to RMB 1,984,412,913.99 as of June 30, 2024, from RMB 2,318,562,064.85 at the end of 2023[6] - Accounts receivable increased to RMB 3,603,149,730.77 as of June 30, 2024, compared to RMB 2,744,375,342.87 at the end of 2023[6] - Inventory decreased slightly to RMB 2,285,367,656.28 as of June 30, 2024, from RMB 2,342,683,029.07 at the end of 2023[6] - Short-term borrowings decreased to RMB 295,281,377.69 as of June 30, 2024, from RMB 568,383,530.32 at the end of 2023[7] - Long-term borrowings decreased to RMB 1,082,335,639.59 as of June 30, 2024, from RMB 1,632,646,116.22 at the end of 2023[7] - Retained earnings increased to RMB 3,600,539,329.19 as of June 30, 2024, up from RMB 3,404,126,480.53 at the end of 2023[7] - Total assets decreased by RMB 142.3 million to RMB 17,343.8 million, with current assets decreasing by RMB 206.9 million and non-current assets increasing by RMB 64.6 million[75] - Total liabilities decreased by RMB 324.1 million to RMB 8,922.2 million, with current liabilities increasing by RMB 169.9 million and non-current liabilities decreasing by RMB 493.9 million[76] - Net assets increased by RMB 181.8 million to RMB 8,421.6 million[77] - The company's debt ratio decreased from 25% to 21.7%, and the current ratio decreased from 1.60:1 to 1.53:1[78] Cash Flow - Cash flow from operating activities for the first half of 2024 was negative RMB 252,059,706.09, compared to positive RMB 23,330,238.44 in the same period of 2023[10] - Cash flow from investing activities for the first half of 2024 was negative RMB 120,654,783.12, a significant decrease from positive RMB 115,114,877.78 in the same period of 2023[11] - Cash flow from financing activities for the first half of 2024 was negative RMB 431,564,242.41, compared to positive RMB 13,290,246.75 in the same period of 2023[12] - Cash and bank deposits (including restricted cash) decreased by RMB 334.2 million, or 14.4%, to RMB 1,984.4 million, mainly due to bank loan repayments[72] Business Segments - The company's main business segments include clean energy equipment and high-end intelligent equipment manufacturing, sales, and services[13] - Clean energy equipment segment revenue increased by 4.9% year-over-year to RMB 3,359.4 million, despite a 1.5% decline in gross profit to RMB 557.7 million[55][56] - High-end intelligent equipment segment revenue grew to RMB 830.9 million, with a gross profit of RMB 160.5 million, representing a 21.6% share of total gross profit[55] - Industrial services segment revenue was RMB 34.8 million, with a gross profit of RMB 25.2 million, contributing 3.4% to total gross profit[55] - High-end intelligent equipment segment achieved revenue of approximately RMB 830.9 million, a year-on-year increase of 26.9%[58] - High-end intelligent equipment segment's gross profit increased by RMB 21.3 million or 15.3% year-on-year to RMB 160.5 million[58] - Industrial service segment's revenue increased by 7.1% year-on-year to RMB 34.8 million[60] - Clean energy equipment segment accounted for 79.5% of total revenue, with a year-on-year growth of 4.9%[61] Investments and Income - Investment income for the first half of 2024 was RMB 281.7 million, up from RMB 181.8 million in the same period last year[4] - Equity method investment income: 285,368,786.74 RMB in the first half of 2024, up from 177,808,915.47 RMB in the same period of 2023[45] - Investment income increased by RMB 99.9 million, or 55.0%, to RMB 281.7 million, driven by a RMB 100.6 million, or 64.0%, growth in Chongqing Cummins' performance[68] Government Subsidies and Non-operating Income - Government subsidies: 74,891,627.97 RMB in the first half of 2024, compared to 29,082,020.05 RMB in the same period of 2023[45] - Other income for the first half of 2024 increased by RMB 59.4 million or 200% year-on-year to RMB 88.9 million, mainly due to increased government subsidies[63] - Non-operating income: 9,257,744.32 RMB in the first half of 2024, up from 3,390,927.08 RMB in the same period of 2023[47] Tax and Financial Policies - The company's subsidiaries in western China enjoy a preferential corporate income tax rate of 15% until 2030[38] - High-tech enterprises within the group benefit from a reduced corporate income tax rate of 15%[38] - Xinjiang Fubaotian Cotton Harvesting Service Co., Ltd. is exempt from corporate income tax due to its agricultural operations[39] - The group's corporate income tax rates vary by region, with rates of 15%, 16.5%, 19%, and 26% in different countries[35] - The group's VAT rates include 13%, 9%, 6%, and simplified rates of 5% and 3%[35] - Urban maintenance and construction tax is levied at 5% and 7% of the actual VAT paid[35] - Education surcharge is calculated at 2% and 3% of the actual VAT paid[35] Corporate Governance and Compliance - The company has evaluated its ability to continue as a going concern for the 12 months following June 30, 2024, and found no significant uncertainties[15] - The company's financial statements are prepared in accordance with the "Enterprise Accounting Standards" and other relevant regulations issued by the Ministry of Finance, as well as the disclosure requirements of the China Securities Regulatory Commission and the Hong Kong Stock Exchange[14] - The company's accounting policies and estimates include provisions for bad debt, inventory valuation, fixed asset depreciation, intangible asset amortization, and revenue recognition[16] - The company's financial statements for the period ending June 30, 2024, accurately reflect its financial position, operating results, and cash flows[17] - The company's operating cycle is 12 months, and its financial statements are prepared in RMB[18] - The company has adopted and complied with the Corporate Governance Code as set out in Appendix C1 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[91] - The Audit and Risk Management Committee reviewed the company's accounting standards, laws, and regulations with management and auditors, confirming compliance and appropriate disclosure in the interim results[93] Shareholder Information - Chongqing Machinery & Electric Holding (Group) Co., Ltd. holds 74.46% of the company's domestic shares and 8.42% of its H-shares, making it the largest shareholder[88] - The Chongqing State-owned Assets Supervision and Administration Commission holds a combined 92.42% of the company's domestic shares through its subsidiaries[88] - The Bank of New York Mellon holds 7.93% of the company's H-shares, acting as a custodian and controlling entity[89] Other Financial Information - Total comprehensive income for the first half of 2024 was RMB 274.3 million, with RMB 253.97 million attributable to shareholders of the parent company[5] - Comprehensive income for the first half of 2024 was RMB 274,311,512.04[8] - Comprehensive income for 2023 totaled RMB 291,139,525.12, with a net profit attributable to parent company shareholders of RMB 303,626,849.13[9] - The company's registered capital remained unchanged at RMB 3,684,640,154 as of June 30, 2024[13] - The company has no significant contingent liabilities as of June 30, 2024[82] - The company has implemented a treasury policy to centralize financial resources across subsidiaries, utilizing financial instruments for low-cost financing[84] - The company faces foreign exchange risks primarily involving HKD, GBP, and USD, with a hedging management system in place to mitigate these risks[85] - The company's board of directors appointed Yue Xiangjun, an executive director and general manager, to temporarily act as chairman and legal representative until a new chairman is elected[81] - No purchase, sale, or redemption of the company's listed securities occurred during the six months ended June 30, 2024[92] - No significant acquisitions or disposals of subsidiaries or associated companies were made during the six months ended June 30, 2024[92] - The Board of Directors does not recommend the payment of an interim dividend[93] - The interim results announcement is available on the company's website and the Stock Exchange website, with the interim report to be published by September 10, 2024[94]

(a joint stock limited company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司 ) Stock Code 股份代碼: 02722 2023 ANNUAL REPORT 年報 僅 供 識 別 CHONGQING MACHINERY & ELECTRIC CO., LTD. ANNUAL REPORT 重 慶 機 電 股 份 有 限 公 司 年 報 2023 目錄 | CONTENTS | | --- | | 公司資料 | 2 | | --- | --- | | Corporate Information | | | 財務摘要 | 6 | | Financial Highlights | | | 集團架構 | 7 | | Group Structure | | | 業績摘要 | 8 | | Results Highlights | | | 董事長報告 | 9 | | Chairman's Statement | | | 管理層討論及分析 | 20 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Chongqing Machinery & Electric Co., Ltd. * 02722 本集團截至二零二三年十二月三十一日止年度業績公告 | --- | --- | --- | |-------|--------------------------------------------------|-------| | | | | | | 財務摘要 | | | • | 營業額達約人民幣 8,058.5 百萬元，上升約 11.8% | | | • | 毛利約人民幣 1,539.6 百萬元，上升約 7.9% | | | • | 股東應佔利潤為約人民幣 303.6 百萬元，微降約 2.2% | | | • | 每股盈利約人民幣 0.08 元 | | 年度業績 重慶機電股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司（統 稱「本集團」）截至二零二三年十二月三十一日止年度之經審核合 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 Chongqing Machinery & Electric Co., Ltd.* 重慶機電股份有限公司 （于中華人民共和國註冊成立的股份有限公司） （股份代號：02722） 關於二零二二年年報的補充公告 茲提述重慶機電股份有限公司（「本公司」）於二零二三年四月十四日發佈的二零二 二年年報。本公告所用詞彙與二零二二年年報所界定者具有相同涵義。 本公司謹此就二零二二年年報所披露的本集團所提供的貸款提供以下補充資料： (i) 商業模式，包括貸款服務的性質、客戶檔案、風險管理政策；以及貸款減值 政策 商業模式及貸款服務性質 重慶機電控股集團財務有限公司（「財務公司」），一間本公司的子公司， 是經中國銀保監會批准的持牌非銀行金融機構，服務對象僅為本集團及母集 團成員單位，為本集團及母集團成員單位提供結算、貸款、票據、中間業務 等獲批開展的金融服務，加強本集團及母集團資金集中管理和提高內部資金 使用效率。 風險 ...

CQME 重慶 桃電股份有限么 CHONGQING MACHINERY & ELECTRIC CO (a joint stock limited company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock Code 股份代碼: 02722 2023 中期報告 INTERIM REPORT 0。0 * For identification purposes only 僅供識別 CONTENTS 目錄 | --- | --- | |------------------------------------------------------------------------------------------------------------------|-------| | | | | Corporate Information 公司資料 | 2 | | Results Highlights 業績摘要 | 7 | | Chairman's Statement ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Chongqing Machinery & Electric Co., Ltd.* 重慶機電股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02722） 截至二零二三年六月三十日止六個月中期業績公告 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------| | | | | | 業績摘要 | | | 重慶機電股份有限公司（「本公司」及其附屬公司（以下統稱為「本集團」）宣佈以下綜合業 | | | 績摘要。 | | • | 截至二零二三年六月三十日止六個月期間，本集團營業額達約人民幣 3,889.0 百萬 元，比去年同期上升約 10.9% 。 | | • | 截至二零二三年六月三十日止 ...

CQME 重慶熊電股份有限公 CHONGQING MACHINERY & ELECTRIC (a joint stock limited company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock Code 股份代碼: 02722 2022 年報 ANNUAL REPORT 0°0 * For identification purposes only 僅供識別 CONTENTS Corporate Information 公司資料 2 Financial Highlights 財務摘要 6 Group Structure 集團架構 7 Results Highlights 業績摘要 8 Chairman's Statement 董事長報告 9 Management's Discussion and Analysis 管理層討論及分析 20 Directors, Supervisors and Senior Management 董事、監事及高級管理人員 48 ...