证券代码：603819 证券简称：神力股份 公告编号：2024-038 常州神力电机股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●常州神力电机股份有限公司（以下简称"公司"）股票于 2024 年 11 月 11 日、11 月 12 日连续两个交易日内日收盘价格涨幅偏离值累计超过 20%，根据《上 海证券交易所交易规则》的有关规定，属于股票交易异常波动情形。 ●经公司自查，并向公司控股股东及实际控制人发函询证，陈忠渭先生正在 筹划涉及所持有公司股份转让事宜，该事项可能导致公司的控制权变更，敬请广 大投资者注意公司控制权变更的风险。 ●根据《常州神力电机股份有限公司 2024 年第三季度报告》，归属于上市 公司股东的净利润为-47,619,277.42 元，归属于上市公司股东的扣除非经常性 损益的净利润为-50,223,753.49 元，提醒投资者注意业绩风险。。 ●因砺剑集团未按合同约定期限支付第三笔回购价款 1.77 亿元，为此，公 司就与砺剑集团股权回购纠纷向常州市中级 ...

证券代码：603819 证券简称：神力股份 公告编号：2024-036 常州神力电机股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/，以下简称"上证路演中心"） 会议召开方式：上证路演中心网络互动 投资者可以于 2024 年 11 月 13 日(星期三)至 11 月 19 日(星期二)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过常州神力电机股份 有限公司（以下简称"公司"）邮箱 investor@czshenli.com 进行提问,公司将在 说明会上就投资者普遍关注的问题进行回答。 公司将于 2024 年 10 月 30 日发布公司 2024 年第三季度报告，为便于广大投 资者更全面深入地了解公司 2024 年前三季度经营成果、财务状况，公司计划于 2024 年 11 月 20 日(星期三)上午 9:00-10:00 举行 2024 年第三 ...

常州神力电机股份有限公司 2024 年第三季度报告 单位：元 币种：人民币 证券代码：603819 证券简称：神力股份 常州神力电机股份有限公司 2024 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 （一） 主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|--------------------------------------|----------------|---------------------- ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 关于持股 5%以上股东股份被司法冻结的公告 常州神力电机股份有限公司 证券代码：603819 证券简称：神力股份 公告编号：2024-035 中物一方本次司法冻结事项系砺剑集团与公司的股权回购纠纷有关，中物 一方作为担保方，承担了连带担保责任。具体内容详见公司同日于指定信息披 露媒体披露的《常州神力电机股份有限公司关于重大诉讼的公告》（公告编号： 2024-034）。 公司将继续关注上述事项进展情况，并严格按照有关法律、行政法规和规 范性文件的相关规定，及时履行信息披露义务。公司所有信息均以在指定信息 披露媒体和上海证券交易所网站（www.sse.com.cn）刊登的正式公告为准，敬 请广大投资者注意投资风险。 二、股份累计被冻结情况 截至本公告披露日，上述股东累计被冻结股份情况如下： | 股东名称 | 持股数量 | 持股比例 | 累计被冻结数量 | 占其所持股份比例 | 占公司总股本比例 | | --- | --- | --- | --- | --- | --- ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：603819 证券简称：神力股份 公告编号：2024-034 常州神力电机股份有限公司 关于重大诉讼的公告 案件所处的诉讼阶段：法院已受理，尚未开庭审理 是否会对上市公司损益产生负面影响：截至本公告披露日，本次诉讼尚 未开庭审理，后续判决结果尚存在不确定性，对公司本期利润或期后利润的影 响存在不确定性，最终影响以法院判决或执行结果为准。 一、本次重大诉讼起诉的基本情况 2023 年 8 月 10 日，常州神力电机股份有限公司（以下简称"公司"）与 砺剑防务技术集团有限公司（以下简称"砺剑集团"）签署《股权转让协议》， 砺剑集团以现金对价回购公司所持深圳砺剑防卫技术有限公司（以下简称"砺 剑防卫"）57.65%股权（具体内容详见公司于 2023 年 8 月 11 日在指定信息披 露媒体披露的相关公告）。 因砺剑集团未按合同约定期限支付第三笔回购价款，为此，公司于 2024 年 9 月 23 日就与砺剑集团股权回购纠纷向常州市中级人民法院（以下简称"常州 中 ...

证券代码：603819 证券简称：神力股份 公告编号：2024-033 常州神力电机股份有限公司 公司于近日收到公司持股 5%以上股东昱铭耀的通知，获悉昱铭耀将其持有 的部分本公司股份质押给了上海浦东发展银行股份有限公司深圳分行，现将有 关情况公告如下： 一、股份质押情况 1、本次股份质押基本情况： | | 是否 | | 是否 | 是否 | | | | 占其所 | 占公 | 质押融 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 为 | 本次质押股 | | | 质押起 | 质押到 | | | 司总 | | | 名称 | 控股 | 数（股） | 为限 | 补充 | 始日 | 期日 | 质权人 | 持股份 | 股本 | 资资金 | | | | | 售股 | 质押 | | | | 比例 | | 用途 | | | 股东 | | | | | | | | 比例 | | | 昱铭 | | | | | 2024 | 2025 | 上海浦东发 展银行股份 | | | 为盛屯 集团提 | | | 否 | 5,500,000 ...

证券代码：603819 证券简称：神力股份 公告编号：2024-032 常州神力电机股份有限公司 根据《企业会计准则》和公司相关会计政策，对于应收票据及应收账款，无 论是否存在重大融资成分，公司始终按照相当于整个存续期内预期信用损失的金 额计量减值准备；对于其他应收款，公司依据其他应收款信用风险自初始确认后 是否已经显著增加，采用相当于未来 12 个月内或整个存续期的预期信用损失的 金额计量其损失准备。 关于 2024 年半年度计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 常州神力电机股份有限公司（以下简称"公司"）于 2024 年 8 月 29 日召开 第五届董事会第二次会议和第五届监事会第二次会议，分别审议通过了《关于 2024 年半年度计提资产减值准备的议案》，现将具体情况公告如下： 为更加真实、准确地反映公司资产状况和经营成果，根据《企业会计准则》 和公司会计政策相关规定，基于谨慎性原则，公司对截至 2024 年 6 月 30 日合并 报表范围内各类资产进行了减值测试，并对存在减值迹象的资产计 ...

证券代码：603819 证券简称：神力股份 公告编号：2024-030 常州神力电机股份有限公司 第五届董事会第二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 常州神力电机股份有限公司（以下简称"公司"）第五届董事会第二次会议 于 2024 年 8 月 29 日在公司三楼会议室以现场结合通讯表决的方式召开。会议通 知已于 2024 年 8 月 19 日以专人送达、电子邮件的形式向全体董事发出。本次会 议应出席董事 7 人，实际出席董事 7 人。会议由公司董事长陈猛先生主持，公司 监事、高级管理人员列席了会议。 公司本次计提资产减值准备是基于谨慎性原则，符合《企业会计准则》等相 关规定和公司资产实际情况，没有损害公司及中小股东利益。本次计提减值准备 后，能够更加公允地反应公司的财务状况，使公司资产价值的会计信息更加真实 可靠，具有合理性，不会对公司的正常经营产生重大影响。本次计提资产减值准 备已依法履行现阶段必要的决策程序，符合法律、法规和《公司章程》的规定。 具体内容详见公司同日于指定 ...

证券代码：603819 证券简称：神力股份 公告编号：2024-031 常州神力电机股份有限公司 第五届监事会第二次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 （3）本次半年度报告编制过程中，未发现公司参与半年度报告编制和审议 的人员有违反保密规定的行为。 （4）监事会保证公司 2024 年半年度报告披露的信息真实、准确、完整，其 中不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确 性和完整性承担个别及连带责任。 一、监事会会议召开情况 常州神力电机股份有限公司（以下简称"公司"）第五届监事会第二次会议 于 2024 年 8 月 29 日在公司会议室以现场表决的方式召开。会议通知已于 2024 年 8 月 19 日以专人送达、电子邮件的形式向全体监事发出。本次会议应出席监 事 3 人，实际出席监事 3 人。会议由公司监事会主席张春娟女士主持，公司董事 会秘书、证券事务代表列席了会议。 本次会议的召集、召开、表决程序符合《公司法》等法律法规及《公司章程》 的规定，会议决议合法有效。 二、监事 ...

Financial Performance - Revenue for the first half of 2024 was RMB 608.94 million, a decrease of 9.86% compared to the same period last year[11] - Net profit attributable to shareholders of the listed company was RMB -59.44 million, a significant decline compared to the same period last year[11] - The company's basic earnings per share were RMB -0.2730, a significant decline compared to the same period last year[12] - The company's weighted average return on equity was -7.20%, a decrease of 6.67 percentage points compared to the same period last year[12] - The company's net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB -61.52 million, a significant decline compared to the same period last year[11] - The company's weighted average return on equity after deducting non-recurring gains and losses was -7.45%, a decrease of 6.76 percentage points compared to the same period last year[12] - The company achieved sales revenue of 609 million yuan in the first half of 2024[25] - The net profit attributable to shareholders of the listed company was -59.44 million yuan in the first half of 2024[25] - Revenue decreased by 9.86% to 608,935,728.36 RMB compared to the same period last year[28] - Net profit for the first half of 2024 was a loss of RMB 59,440,528.03, compared to a loss of RMB 4,666,784.87 in the same period of 2023[82] - Net profit for the first half of 2024 was -59,929,267.74 RMB, a significant decrease compared to -3,099,988.55 RMB in the same period last year[85] - Comprehensive income for H1 2024 showed a loss of RMB 59,440,528.03, impacting the company's equity position[93] - Comprehensive income for the first half of 2024 totaled -3,776,237.30 yuan, a decrease of 3,776,237.30 yuan compared to the previous period[96] - Comprehensive income for the parent company in the first half of 2024 was -59,929,267.74 yuan, indicating a substantial loss[100] Assets and Liabilities - The company's total assets decreased by 9.42% to RMB 1.33 billion compared to the end of the previous year[11] - The company's net assets attributable to shareholders decreased by 13.96% to RMB 768.90 million compared to the end of the previous year[11] - The total assets of the company amounted to 1.33 billion yuan as of the end of the reporting period[25] - Total assets decreased from 1,468,474,345.52 yuan to 1,330,138,503.82 yuan, a decline of approximately 9.4%[75] - Total current assets as of June 30, 2024: 1,005,765,210.50 RMB, a decrease from 1,148,322,656.07 RMB at the end of 2023[74] - Fixed assets as of June 30, 2024: 245,326,664.20 RMB, a decrease from 257,924,720.39 RMB at the end of 2023[74] - Construction in progress as of June 30, 2024: 2,438,383.26 RMB, a significant increase from 57,996.26 RMB at the end of 2023[74] - Intangible assets remained stable at around 53.1 million yuan, with a slight decrease from 53,298,723.53 yuan to 53,131,871.45 yuan[75] - Deferred tax assets increased significantly from 7,619,520.17 yuan to 19,266,124.53 yuan, a growth of approximately 153%[75] - Total current liabilities decreased from 566,794,178.80 yuan to 553,760,649.83 yuan, a reduction of about 2.3%[75] - Short-term borrowings decreased from 448,351,673.05 yuan to 424,297,430.56 yuan, a reduction of about 5.4%[78] - Contract liabilities increased significantly from 595,077.91 yuan to 1,927,795.18 yuan, a growth of approximately 224%[78] - Total equity attributable to the parent company decreased from 893,660,107.90 yuan to 768,900,523.77 yuan, a decline of approximately 14%[76] - Total liabilities as of the end of the first half of 2024 were RMB 559,771,973.17, a decrease of 2.26% compared to RMB 572,706,874.80 at the end of the first half of 2023[79] - Total equity as of the end of the first half of 2024 was RMB 756,639,684.01, an increase of 16.55% compared to RMB 881,888,007.85 at the end of the first half of 2023[79] Cash Flow - The company's operating cash flow was RMB 22.46 million, a significant improvement compared to the same period last year[11] - Net cash flow from investing activities increased by 186.53% to 46,833,664.91 RMB, primarily due to the receipt of proceeds from the sale of a stake in Shenzhen Lijian Defense[28] - Net cash flow from financing activities decreased by 341.67% to -96,249,946.92 RMB, mainly due to a large dividend distribution[28] - Monetary funds decreased by 18.08% to 122,187,494.26 RMB, accounting for 9.19% of total assets, as the company paid out a large dividend[29] - Operating cash flow for the first half of 2024 was 22,459,672.09 RMB, a significant improvement from -24,720,683.00 RMB in the same period last year[88] - Net cash flow from operating activities improved significantly to RMB 22,645,193.03 in H1 2024, compared to a negative RMB 38,725,804.02 in H1 2023[90] - Cash received from disposal of subsidiaries and other business units amounted to RMB 52,754,338.63 in H1 2024, a significant increase from zero in H1 2023[90] - Net cash flow from investing activities turned positive at RMB 47,777,457.23 in H1 2024, compared to a negative RMB 1,917,244.94 in H1 2023[92] - Cash received from borrowings increased by 36% to RMB 404,000,000.00 in H1 2024 from RMB 297,139,600.00 in H1 2023[92] - The company's cash and cash equivalents decreased by RMB 25,830,790.92 in H1 2024, ending with a balance of RMB 118,271,368.60[92] Business Operations and Strategy - The company specializes in the R&D, production, and sales of motor stator, rotor laminations, and iron cores, serving industries such as diesel power generation, rail transit, wind power, and elevator manufacturing[16][17] - The company has established stable partnerships with leading global motor manufacturers including Cummins, Shanghai Mitsubishi, Kohler, Vestas, ABB, Siemens, and General Electric[17] - The company operates on a customized R&D and service model, collaborating closely with clients from product design to after-sales support[16] - The production model is order-driven, emphasizing long-term relationships with raw material suppliers and efficient inventory management to reduce costs and risks[16] - The company has a strong reputation in the domestic and international markets, recognized for its technical expertise, product quality, and market share[17] - Core competencies include high-quality global client resources, with stringent supplier certification processes involving design capabilities, manufacturing quality, and environmental compliance[18] - The company has established stable cooperative relationships with leading domestic and international motor manufacturers such as Cummins, ABB, and Siemens[19] - The company has a complete production service chain, covering mold design, mass production, and product testing[19] - The company uses advanced silicon steel stamping equipment and cold-rolled silicon steel sheets to improve production efficiency and reduce pollution[21] - The company has a strong technical reserve, including collaborations with universities and research institutions, and has undertaken multiple provincial-level research projects[23] - The company is accelerating the construction of smart factories to optimize resource allocation and improve operational efficiency[25] - The company actively participates in social welfare activities, enhancing its corporate image through initiatives such as charity donations and school-enterprise cooperation[25] Risks and Challenges - The company's performance was significantly impacted by a provision for bad debt of RMB 76.87 million due to non-payment of the third installment of the repurchase price by Lijian Group[13] - The company recognized a bad debt provision of 76.87 million yuan due to the delayed payment from Lijian Group[25] - The company faces risks from macroeconomic fluctuations, potential declines in operating performance, customer concentration, and raw material procurement concentration[35] - The company's main raw material, silicon steel, accounts for a significant portion of production costs, and price fluctuations could impact profitability[36] - The company is addressing labor risks by enhancing internal training, recruitment, and automation to mitigate rising labor costs[37] - The company is focusing on technological innovation to maintain competitiveness in the electrical machinery and equipment manufacturing industry[37] Corporate Governance - The company held its first interim shareholders' meeting in 2024, approving revisions to the articles of association and other governance documents[39] - The company's 2023 annual shareholders' meeting approved the 2023 annual report, financial statements, and profit distribution plan[39] - The company has elected new board members, including Chen Meng as Chairman and General Manager, and appointed a new CFO, He Changlin[40] - The company held its 2024 second extraordinary general meeting on August 12, 2024, and elected new board members and supervisors, forming the fifth board of directors and board of supervisors[41] - No profit distribution or capital reserve conversion plan was proposed for the first half of 2024[42] - The 2017 restricted stock incentive plan has been implemented, with multiple phases of unlocking and listing completed, and related announcements disclosed from 2017 to 2024[43][44] Environmental and Social Responsibility - The company is not listed as a key pollutant discharge unit by the Changzhou Environmental Protection Bureau and complies with national environmental standards[45] - The company has implemented measures to reduce carbon emissions, including the construction of a distributed photovoltaic power station on factory rooftops[46] - The company actively participates in social welfare activities, enhancing its corporate image through initiatives such as charity donations and school-enterprise cooperation[25] Financial Statements and Accounting Policies - The company's financial statements are prepared on a going concern basis[105] - The company's accounting period follows the calendar year from January 1 to December 31[107] - The company's functional currency is RMB[108] - The company's financial statements comply with the requirements of the Enterprise Accounting Standards[106] - The company's merger and acquisition accounting methods are applicable for both same-control and non-same-control scenarios[111] - The company's consolidated financial statements include all subsidiaries under its control[112] - The company defines control over an investee as having power over the investee, exposure to variable returns, and the ability to use power to affect returns[113] - Subsidiaries with different accounting policies or periods are adjusted to align with the parent company's standards for consolidated financial statements[113] - Unrealized gains or losses from internal transactions between the parent and subsidiaries are fully offset against "net profit attributable to the parent company's owners"[113] - For non-controlling interests, the share of net profit and comprehensive income is separately disclosed in the consolidated financial statements[113] - Acquisitions of subsidiaries under common control require adjustments to the opening balances of consolidated financial statements[113] - Disposals of subsidiaries are reflected in the consolidated financial statements from the beginning of the period to the disposal date[114] - The company reclassifies remaining equity interests at fair value when control over a subsidiary is lost[114] - Cash equivalents are defined as short-term, highly liquid investments with minimal risk of value change, typically maturing within three months[117] - Foreign currency transactions are recorded at the spot exchange rate on the transaction date, and monetary items are translated at the spot exchange rate on the balance sheet date, with exchange differences recognized in profit or loss[118] - Non-monetary items measured at historical cost are translated at the spot exchange rate on the transaction date[118] - Financial assets are classified into three categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[119] - Financial assets are classified based on the company's business model and the contractual cash flow characteristics of the financial asset[119] - Financial liabilities are classified as amortized cost unless they meet specific criteria for fair value through profit or loss[119] - Embedded derivatives are separated from the host contract if they meet certain conditions and are treated as standalone derivatives[119] - The company reclassifies financial assets when there is a change in the business model for managing those assets[119] - Financial assets and liabilities are measured at fair value or amortized cost depending on their classification[119] - Exchange differences arising from the translation of foreign currency financial statements are recognized in other comprehensive income[118] - Cash flows in foreign currency are translated at the spot exchange rate on the date of the cash flow, with the effect of exchange rate changes separately disclosed in the cash flow statement[118] - The company measures financial assets and liabilities at fair value upon initial recognition, with transaction costs for those measured at fair value through profit or loss directly recognized in profit or loss, while costs for other categories are included in the initial recognition amount[121] - Subsequent measurement of financial assets is categorized into amortized cost, fair value through other comprehensive income, or fair value through profit or loss, depending on the classification[121] - Financial liabilities are subsequently measured at amortized cost, fair value through profit or loss, or other appropriate methods[121] - The company calculates interest income using the effective interest method, except for purchased or originated credit-impaired financial assets, which use credit-adjusted effective interest rates[121] - Expected credit losses are recognized for financial assets measured at amortized cost, fair value through other comprehensive income, lease receivables, loan commitments, and financial guarantee contracts[121] - Loss provisions are measured based on whether the credit risk of a financial instrument has significantly increased since initial recognition, with different stages determining the amount of expected credit losses[121] - For trade receivables and notes, the company measures loss provisions based on the lifetime expected credit loss, regardless of whether there is a significant financing component[122] - Trade receivables and notes are grouped based on credit risk characteristics, with some groups (e.g., bank acceptance bills, low-risk commercial acceptance bills) generally not requiring expected credit loss provisions[122][123] - Other receivables are grouped similarly, with receivables from related parties within the consolidation scope not requiring expected credit loss provisions, while aging-based groups are subject to provisions[125] - The company calculates expected credit losses for receivables financing based on credit risk characteristics when individual assessments are not feasible[126] - For contract assets without significant financing components, the company measures loss provisions based on lifetime expected credit losses[126] - Financial assets or liabilities measured at fair value have gains or losses recognized in current period profit or loss, except for specific cases outlined in the accounting standards[126] - Dividend income is recognized in current period profit or loss only when specific conditions are met, including established rights and reliable measurement[126] - Financial assets classified as fair value through profit or loss are presented under "trading financial assets" in the financial statements[127] - Long-term debt investments classified as amortized cost are presented under "debt investments" in the financial statements[127] - The company uses the weighted average method to calculate the cost of inventory issued, including raw materials, direct labor, and allocated manufacturing costs[129] - Inventory is measured at the lower of cost or net realizable value, including raw materials, work in progress, finished goods, and consumables[129] - The company employs a perpetual inventory system for inventory management[130] - Receivables financing and other receivables are subject to bad debt provisions based on credit risk characteristics and aging analysis[128][129] - Inventory impairment provision is recognized when inventory cost exceeds its net realizable value, with the provision recorded in current period profit and loss[131][132] - Net realizable value is calculated as estimated selling price minus estimated costs to completion, selling expenses, and related taxes[131][132] - Materials held for production are measured at cost if the net realizable value of finished goods exceeds cost, otherwise measured at net realizable value[131][132] - Inventory held for sales contracts is measured at contract price, with excess inventory measured at general selling price[131][132] - Non-current assets held for sale are measured at the lower of carrying amount or fair value less costs to sell, with impairment losses recognized in current period profit and loss[134] - Assets classified as held for sale must be immediately available for sale in their present condition and highly probable to be sold within one year[135] - Discontinued operations are reported separately in the income statement, with prior period information restated for comparability[137] - Long-term equity investments are measured using the cost method when the company can control the investee, and the equity method is applied for joint ventures and associates[138] - The initial investment cost for long-term equity investments is determined based on the actual purchase price for cash acquisitions, the fair value of equity securities issued, or the fair value of assets exchanged in non-monetary transactions[138] - For equity method investments, the company recognizes its share of the investee's net profits or losses and adjusts the carrying amount of the investment accordingly[138] - When the company loses significant influence or joint control over an investee, the remaining equity is reclassified and measured at fair value, with any difference between the carrying amount and fair value recognized in the current period's profit or loss[139] - The company uses the straight-line method for depreciation of fixed assets, with varying useful lives: 20 years for buildings, 3-10 years for machinery, 4 years for vehicles, and 3-5 years for office equipment[142] - The annual depreciation rates for fixed assets range from 4.75% for buildings to 32.33% for certain machinery and office equipment[142] - Construction in progress is measured at actual cost, including construction expenses and other necessary expenditures to bring the asset to its intended use[143] - Projects and machinery are transferred to fixed assets upon completion and reaching their intended usable state[143] - Borrowing costs for fixed assets are capitalized when the asset expenditure and borrowing costs have occurred, and the construction activities necessary to prepare the