Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
Anhui Zhongding Sealing Parts Co.,Ltd.
Abstract of the Annual Report 2022
Stock Abbreviation: Zhongding Stock
Stock code: 000887
April 2023
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
Ⅰ.Important Statements
This is an abstract of the Annual Report 2022.Investors are suggested to read the complete version of the Annual
Report 2022 on the media, which is designated by the China Securities Regulatory Commission(the “CSRC”) to
have a full understanding of operational results, financial statements, and future plans of the Company. Should there
be any inconsistency between the Chinese version and English version, the Chinese version shall prevail.
All directors attended the Annual Report Meeting of the Board of Directors.
Modified Audit Opinion
□ Applicable √ N/A
The preliminary plan for dividend distribution and converting capital reserves into share capital for common
shareholders which were considered and approved by the Board during the reporting period.
√ Applicable □ N/A
Converting capital reserves into share capital
□ Yes √ No
The Board has considered and approved the following dividend payout plan for the Reporting Period: based on the
Company's total shares of 1,316,489,747,the Company should distribute a cash dividend of RMB 2.0 (tax inclusive)
and 0 stock dividend (tax inclusive) per 10 shares to all the shareholders and should not convert capital reserves into
share capital.
The preliminary plan for dividend distribution for preferred shares in the reporting period was approved by the
Board
□ Applicable √ N/A
Ⅰ.Company Profile
Stock Abbreviation Zhongding Stock Stock Code 000887
Stock Exchange Where the Shares of
Shenzhen Stock Exchange
the Company are Listed
Contact Us Board Secretary Securities Representative
Name Jiang Weijian Wang Songyuan
Economic and Technological Development Economic and Technological Development
Address
Zone, Ningguo City, Anhui Province Zone, Ningguo City, Anhui Province
Fax 0563-4181880 transfer to 6071 0563-4181880 transfer to 6071
Tel. 0563-4181887 0563-4181887
E-mail jiangwj@zhongdinggroup.com wangsy@zhongdinggroup.com
(1) The Auto Industry Situation during the Reporting Period
In 2022, the automobile production and sales volume reached 27.021 million and 26.864 million units,
respectively, with a year-on-year growth of 3.4% and 2.1%, respectively. In 2022, the production and sales
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
volume of passenger vehicles were 23.836 million and 23.563 million units, respectively, up 11.2% and 9.5%
year-on-year, respectively. In 2022, the cumulative production and sales of new energy vehicles in China reached
market share reached 25.6%, 12.1 percentage points higher than the previous year.(Data are derived from the
statistical analysis of China Association of Automobile Manufacturers)
(2) The main business of the company during the reporting period
The company continued to promote the cost control and refined management of overseas factories. Under the
severe impact of the industry downturn and the external enviroment, the company further carried out a series of
measures such as cost optimization and non-core business divestiture of overseas enterprises, which increased the
recovery of overseas business speed and certainty; through continuous management improvement, domestic and
foreign business has been fully restored and maintained a continuous positive growth trend, the orders we have
obatained continued to increase month-on-month, and the company's overall profit gradually increased. On the
basis of years of mutual adaptation with overseas enterprises, the company has gradually strengthened the strategy
of management output and cultural output, upgraded from regional management to modular management,
strengthened the cost control of overseas enterprises, promoted business integration and market expansion, at the
same time, take advantage of the Chinese engineer bonus, and further accelerate technology absorption and
innovation. While maintaining the steady growth of traditional businesses, the company continues to promote the
growth of incremental businesses of air suspension systems, lightweight chassis systems, and fluid pipeline systems.
Currently, the incremental business has a good momentum of development, and related orders are showing a
momentum of accelerated growth. The company will continue to focus on the core strategic goal of intelligent
chassis system, and promote the company's business to move towards intelligence. The company continued to rank
among the "Top 100 Global Auto Parts Industry" (ranked 85th).
a. Introduction of Products
Compare to coil spring suspension, air suspension system has the advantage that the Spring stiffness can be
adjusted according to different usage scenario.Base on the different road conditions and the input from the height
and acceleration sensor, the ECU of ECAS system will identify the vehicle height change, the air height of air spring
can be adjusted through the control the air compressor and valve block to realize the lift or lowering of the vehicle
body.It can make the vehicle body more stable and improve the trafficability characteristic.The application of ECAS
system can improve the comfort and the manoeuvrability of vehicle.The scope of ECAS includes air compressor,
ECU, sensors, air springs,etc.
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
b. Future Market potential
With the advent of the era of new energy vehicles, the appeal of new energy vehicles intelligent, while chassis
protection air suspension system is no longer the exclusive high-end models, because the new energy vehicle chassis
system stability requirements are much higher than pure fuel vehicles, air suspension system has gradually become
the mainstream configuration of the new energy vehicle platform.
Leading voice intelligent system, intelligent air suspension system and excellent automatic driving function are
the core of current automobile intelligence.Tesla, NIO, Li Auto, Xiaopeng and other new ermerging NEV
manufacturers are also equipped with these technologies and intelligent functions such as air suspension
systems.With the further improvement of air suspension system technology and the improvement of car owners'
recognition of the ultimate experience of air suspension products, more and more cars will be equipped with air
suspension systems to improve product superiority and customer satisfaction in the future.
In addition to the passenger car, developed countries in the vast majority of medium-sized passenger cars and
light commercial vehicles are used in the air suspension system, heavy truck in addition to the engineering car road
transport vehicle almost all use air suspension in China in 2018 effective GB7258 motor vehicle operation safety
technical conditions also require:"The rear axle of Dangerous goods transport trucks with a total mass greater than
or equal to 12,000kg, all semi-trailers for transporting dangerous goods, as well as three-axle fence type, warehouse
grid type Semi-trailers should be equipped with air suspension."
The air suspension system will gradually move from high-end to popular, and eventually become an
indispensable part of cars, especially intelligent cars.
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
c. Company industry position and business promotion
AMK Germany, as a high-end supplier of air suspension system, is one of the top three leaders in the industry.
Since entering the field of air suspension system business in the 1990s, it has continuously improved the product
assembly technology, and has been deeply engaged in the industry for more than 20 years, supporting the world's
leading vehicle manufacturers such as Jaguar, Land Rover, Volvo, Audi, Benz, BMW etc.
The domestic air suspension market is in its infancy, and AMK China has been accelerating the improvement
of the performance and cost optimization of the air suspension system supply chain in the Chinese passenger car
market. AMK continued to develop steadily around the strategic goals of "localization promotion, technology
iteration and upgrading, and industrial strengthening and completing". AMK China continues to promote the
implementation of other self-produced hardware projects while launching air supply unit product assembly and
production lines in succession to increase the proportion of self-produced hardware.Business of AMK China has
made breakthrough progress, and it has also obtained orders from many domestic new emerging manufacturers and
leading vehicle manufacturers. Up to now, AMK China has received orders with a total output value of 7.314 billion
RMB, and it is expected to get more orders in the future, especially new energy vehicle orders.
a. Introduction of Products
Automotive metal parts are widely used in automotive chassis systems, including steering systems, suspension
systems, braking systems and driving systems. The lightweight of automobiles has formed a broad consensus in the
automobile manufacturing industry. The lightweight of the chassis plays a vital role in the performance of the whole
vehicle. Lightweight chassis products such as aluminum alloy control arm assemblies have high value per vehicle, it
is a core parts of operational stability and comfortability.
b. Future market potential
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
Due to the needs of environmental protection and energy saving, the lightweight of automobiles has become
the trend of automobile development in the world. The lightweight of automobiles is not only suitable for traditional
fuel vehicles, for new energy electric vehicles, it is also very important to reduce body weight and achieve vehicle
lightweight, because it is related to the main battery life of new energy vehicles. Experiments have shown that in
terms of acceleration performance, it takes about 10 seconds for a 1.5-ton car to accelerate to a speed of 60
kilometers per hour; if the weight is reduced by 25%, it can be reduced to 8 seconds.
Lightweight the chassis, the benefits in terms of fuel consumption, handling, etc. far exceed the lightweight of
other components at the same level. The mass of most components on the chassis is unsprung weight. Relatively
speaking, the mass of the body (structural parts, reinforcements parts and coverings parts) is sprung weight. It is
generally believed that the effect of the same magnitude of unsprung weight reduction is 5-15 times that of the
sprung weight reduction. At the same time, lightening the unsprung weight increases the ratio of the sprung mass to
the unsprung weight, which is equivalent to the athlete removing the sandbag tied to the legs, which can
significantly improve the response speed and comfort of the car during acceleration, braking and steering.
c. Company industry position and business promotion
In recent years, the company has been vigorously developing chassis lightweight system assembly products,
and the forged aluminum control arm assembly project has made breakthrough progress. At the same time, its
subsidiary Sichuan Wangjin Company, whose core technology is the ball joint assembly product, is the core safety
component and performance component of the chassis system. It has the world's leading technology and has a very
high technical threshold.
With the continuous advancement of the company's lightweight chasis system assembly business, it has
obtained orders from many traditional OEMs such as Mercedes-Benz, Changan, GAC, BYD, etc. At the same time,
it has made breakthroughs in the business of leading new energy enterprises and obtained relevant orders.
a. Introduction of Products
German TFH, a subsidiary of the company, has been promoting R&D and production of thermal management
pipeline products. On the basis of supporting traditional thermal management pipelines, TFH vigorously promotes
the thermal management pipeline system assembly business of new energy vehicles, and actively expands the
application of new materials in products. TFH vigorously develops the application of nylon pipes and TPV materials.
Compared with traditional internal combustion engine pipes, the application of new technologies can make products
lighter in weight, lower in cost, and more flexible in assembly. In addition, it can maintain good NVH and flexibility.
With its innovative and technologically swift updating capabilities, TFH is able to respond to changes in hybrid and
fuel cell vehicles and is actively engaged in advanced development projects with several OEMs customers.
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
b. Future market potential
As the temperature control requirement for battery modules of the new energy vehicle is much higher than
those of traditional vehicles, and also because of the absorption of TFH pipeline assembly technology, the single
vehicle value of the company fluid management products has increased from about RMB300 for traditional vehicles
to nearly RMB1,000 for new energy vehicles and even about RMB1,500 for Range Extend New Energy vehicles.
With the development of new energy vehicles, the market for fluid piping systems is also expanding rapidly.
c. The company's industry status and business promotion
The company has been promoting the R&D and production of thermal management pipeline products for many
years, and its subsidiary German TFH is just an excellent supplier of thermal management pipeline assembly
products for engines and new energy vehicle batteries. TFH has the exclusive production technology creatube
process with independent patent and the core technology of TPV hose and nylon tube, which ranks among the top
two in the world in the industry segment. The company vigorously promotes the business of thermal management
pipeline system assembly for new energy vehicles, and currently it has been supplied to BMW, Volvo, Audi,
Volkswagen, Geely, Xiaopeng and LI and other new energy vehicle platforms.
TFH China has now completed the establishment and began to expand the domestic market. In the future, the
development of cooling pipeline assembly business will be dominated by German TFH, and the development of
new energy temperature control system assembly business will be dominated by Zhongding Fluid. The company's
previous projects have made great progress, and the number of orders in hand has shown a sustained rapid growth.
In the future, it is expected to get more project designations, especially new energy vehicle projects.
The company’s subsidiaries, KACO GmbH + Co. KG in Germany, Cooper in the United States, and
ACUSHNET in the United States, have the top three sealing technologies in the world. KACO actively promotes
the portfolio for NEV on behalf of the companies under the sealing system, and has successfully developed and
matched new energy motor seals of high-performance. At the same time, the company has developed the
mass-produced products for new energy battery module sealing systems and electric axle assemblies now, which
are delivered to NEV platforms of Volvo, NIO, SAIC, and GAC.
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
The automotive sealing industry is a high-tech barrier industry with extremely high requirements for reliability.
Dynamic seal has the most difficult technology in the sealing industry, especially the high-speed oil seal for new
energy vehicle motors, which represents the most advanced technical level in the global sealing industry. In recent
years, the company has continued to increase the speed of business expansion, especially in the American brand car
and local brand customers, which has made great breakthroughs, and the industry market share has steadily
increased.
(3) The Analysis of Core Competitiveness
The Competitiveness of Global Leading Technology, International Management Ability, Sustainable
Innovation Culture
a. The competitiveness of global leading technology
The company has been entering the field of air suspension system business since the 1990s, it has been
improving the products assembly technology constantly and deeply engaged in air suspension system industry for
assembly in the field of ligheweight chasis. At the same time, the company has been promoting the R&D and
production of thermal management pipeline products and it possesses the exclusive production technology
creatube process with independent patent and core technology of TPV hose and nylon tube. The company ranked
top two of the segment industry in the world. In 2016, the company cooperated with Tsinghua University to
establish academic workstations with Wang Yuming, academician of Chinese Academy of Engineering and
professor of Tsinghua University, as the core research team. In 2018, he company and Tsinghua University
established a joint research center for rubber and plastic sealing together, to strengthen innovation cooperation and
solve major and key technical problems. At present, the company has 1,011 independent intellectual property
rights, including 313 foreign patents, 118 Chinese patents.543 utility model patents, 10 appearance design patents
and 27 software Copyrights.26 national standards and 11 industry standards have been formulated.
b. The core competitiveness of international management ability
The company has established an overseas logistics center since 2003, and started the road of overseas merger
and acquisition in 2008. It has experienced three stages of "global merger and acquisition", "China landing" and
"overseas control", and has accumulated rich experience in international management. Now the company has
entered the third overseas control stage, the company according to the five divisions to build global organization
structure system, further promote the global synergy strategy, in a higher level to achieve global strategic
coordination, platform synergy, technology synergy, product synergy, from capital output to industry output,
management output, cultural output.
c. Continuously innovation cultural competitiveness
The company has passed the IATF16949, ISO14001, ISO / IEC17025 and other quality, environment and
laboratory system certification at early stage. As early as 2003, it launched the "Digital Zhongding" plan, and fully
implemented the Lima ERP system within the company. In 2016, the company officially invested more than tens
millions yuan to launch the SAP information project. In recent years, it has realized the launch of all the main
enterprises, realized the construction of the global SAP information platform, and improved the comprehensive
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
efficiency of enterprise operation. The company has established a set of scientific cost management methods
through years of practice and exploration, , and timely take effective measures for continuous improvement. In the
process of development, the company constantly learns and introduces advanced management experience for its
own use, and has started to promote the operation of Six Sigma and amoeba to achieve rapid improvement of
management level.
Due to company has its own core competitiveness in the process of sustainable development, so it is in the
absolute leading position in the domestic industry, the company has global synchronous research and development,
production, sales, service capabilities, the future company's brand value and core competitiveness will be further
enhanced.
(4) Main business analysis
The company's internationalization strategy has gradually entered the harvest period since 2008 . By the end of
the reporting period, the production volume of Asia, Europe and America accounted for 57.4%, 32.24% and 10.36%
respectively. Through the effective integration of global resources, the company's technology, brand, profitability,
and customer group have been rapidly improved, and the two-wheel drive of internal and external extensions has
been realized; at the same time, the company has concentrated its advantageous resources to increase its support for
new energy and environmental protection vehicles, automobiles electronics, system assembly and other fields,and
has actively done a good job in project incubation and reserve for the company's sustainable and rapid development
in the future.
In 2022, the operating revenue of the company was 14.852 billion, up 16.02% year on year; net profit
attributable to shareholders of listed companies was 964 million, up 1.55% year on year; the company continues to
rank among "Top 100 Global auto Parts" (85th) and "Top 50 Global non-tire rubber products" (16th, 1st in China).
a. The display of Overseas mergers and acquisitions projects results in China
In recent years, the company has actively promoted the domestic implementation strategy of overseas mergers and
acquisitions business, and the growth rate of performance has also exceeded expectations. See the following table:
Unit: ten thousand yuan
Operating revenues Net profit Operating revenues Net profit Operating revenues Net profit
Wuxi KACO
Anhui KACO 62973 8689 61847 11523 54614 8978
Anhui WEGU 23706 2349 21092 2541 13831 2114
Anhui TFH 56635 3866 43473 2627 33929 1554
Anhui AMK 14047 -1049 2778.55 -6
b. The customer structure of OEM supporting
Through overseas mergers and acquisitions, global technology and product integration, brand advantages are
highlighted, and product sales are developing towards mid-to-high-end models. The top ten OEM customers are
shown in the table below:
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
Top Customer Name Top Customer Name
The total direct and indirect sales of the above top ten customers are 7.356 billion, accounting for 49.53% of the
operating revenues in 2022, and the concentration of high-end customers is relatively high.
c. New energy vehicle project
The company actively deploys the field of new energy vehicles, with intelligent chassis systems as the core,
and is at the international leading level in many new energy sectors such as thermal management pipelines, battery
pack motor seals, etc. In 2022, the new energy field business has reached 3.644 billion sales, accounting for 25.75%
of the annual operating revenues of the automobile business.
a. Composition of operating revenue
Unit: yuan
Amount % of Operating Amount % of Operating Increase/Decrease
Revenues Revenues over the previous
year (%)
Total Operating Revenues 14,851,891,400.45 100% 12,801,440,793.16 100% 16.02%
By Industry
Auto Industry 14,150,112,927.53 95.27% 12,151,049,777.43 94.92% 16.45%
Non-Auto Industry 701,778,472.92 4.73% 650,391,015.73 5.08% 7.90%
By Product
Intelligent chassis-Air
Suspension System
Intelligent
chassis-lightweight chassis 1,118,499,573.05 7.53% 789,318,431.45 6.17% 41.70%
system
Intelligent Chassis-rubber
business
Cooling System 4,324,758,344.31 29.12% 3,521,616,805.12 27.51% 22.81%
Sealing System 3,182,438,255.82 21.43% 3,057,539,609.52 23.88% 4.08%
Others 2,107,536,425.51 14.19% 2,043,225,467.61 15.96% 3.15%
By Region
Domestic 7,009,612,594.63 47.20% 5,613,066,111.56 43.85% 24.88%
Overseas 7,842,278,805.82 52.80% 7,188,374,681.60 56.15% 9.10%
By Sales Methods
Direct Selling 14,851,891,400.45 100.00% 12,801,440,793.16 100.00% 0.00%
b. Information about industries, products, regions, and sales models that account for more than 10%
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
of the company's operating revenues or profit
Unit: yuan
Operating Revenues Operating Cost Gross Margin Increase/Decre Increase/Decre Increase/Decre
ase ase ase
of operating of operating of gross margin
revenues cost over the
over the over the previous
previous previous year (%)
year (%) year (%)
By Industry
Auto industry 14,150,112,927.53 11,326,581,597.20 19.95% 16.45% 17.81% -0.92%
By Product
Intelligent
chassis-Air
Suspension
System
Intelligent
chassis-lightweigh 1,118,499,573.05 968,070,900.85 13.45% 41.70% 46.12% -2.61%
t chassis system
Intelligent
Chassis-rubber 3,434,129,622.42 2,796,954,635.37 18.55% 24.47% 26.75% -1.46%
business
Cooling System 4,324,758,344.31 3,617,810,032.59 16.35% 22.81% 23.71% -0.61%
Sealing System 3,182,438,255.82 2,368,806,771.65 25.57% 4.08% 7.47% -2.34%
Others 2,107,536,425.51 1,463,407,792.63 30.56% 3.15% 1.01% 1.47%
By Region
Domestic 7,009,612,594.63 5,049,041,151.05 27.97% 24.88% 31.69% -3.73%
Overseas 7,842,278,805.82 6,703,807,246.99 14.52% 9.10% 9.23% -0.10%
By Sales Methods
Direct Selling 14,851,891,400.45 11,752,848,398.04 20.87% 16.02% 17.87% -1.24%
a. Main accounting data and financial indicators in the past three years
Whether the company needs to retrospectively adjust or restate accounting data for previous years
? Yes □ No
The reasons of Adjusting or restating accounting data
The mergers of enterprises under the same control
Unit: yuan
Increase/Decrease
at the end of the
At the end of 2022 At the end of 2021 current year At the end of 2020
compared with the
end of the previous
year (%)
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
Before the After the
Before the After the
After the Adjustment Adjustme Adjustme
Adjustment Adjustment
nt nt
Total assets 21,124,309,445.51 14.38%
Net assets attributable to
shareholders of the Company 11,168,127,264.81 20.70%
Increase/Decrease
over the previous
year (%)
Before the After the
Before the After the
After the Adjustment Adjustme Adjustme
Adjustment Adjustment
nt nt
Operating revenues 14,851,891,400.45 16.02%
Net profit attributable to
shareholders of the Company 964,245,973.71 1.55%
Net profit attributable to
shareholders of the Company before 667,607,42 651,527,289 294,683,2 294,683,2
non-recurring gains and losses 735,114,528.09 12.83%
Net cash flows from operating
activities 909,504,274.01 3.27%
Basic earnings per share (RMB
Yuan
/share) 0.74 0.79 0.78 -5.13% 0.40 0.40
Diluted earnings per share (RMB
Yuan
/share) 0.74 0.76 0.75 -1.33% 0.41 0.41
Weighted average return on net
assets 9.47% 10.62% 10.40% -0.93% 5.49% 5.49%
b. Main Accounting Data by Quarter
Unit: yuan
Q1 Q2 Q3 Q4
Operating Revenues 3,358,614,316.90 3,214,842,575.27 3,685,376,802.65 4,593,057,705.63
Net profit attributable to
shareholders of the Company 250,777,979.73 219,754,208.71 279,947,981.98 213,765,803.29
Net profit attributable to
shareholders of the Company before
non-recurring gains and losses 214,306,911.48 186,399,520.47 204,865,288.04 116,619,659.55
Net cash flows from operating
activities 209,723,851.90 242,922,770.51 158,585,276.40 298,272,375.20
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
Whether there are significant differences between the above financial data or the total value previously
disclosed quarterly or interim reports.
□ Yes √ No
a. Total number of common shareholders and shareholdings of the top ten common shareholders at
the period-end
Unit:share
Total
number
of Total number of
Total number of preferred preferred
Total number
of common common sharehol shareholders
shareholders at ders with resumed voting
shareholders at
the end of the with
the end of the 70,368 79,896 0 rights at the end of 0
previous month resumed this report previous
Reporting of the disclosure voting month of the
Period date of this report rights at disclosure date of
the end this report
of the
reporting
period
Top ten common shareholders
Total shares Pledged or frozen shares
Number of restricted
Name of Nature of Shareholding held at the
shares held
shareholder shareholder percentage period-end
Status Number
Anhui Domestic
Zhongding non-state-o
Holding wned 40.46% 532,701,321.00 Pledged 142,500,000
(Group) Co., corporation
LTD
Hong Kong
Securities Foreign
Clearing Co., corporation 2.08% 27,407,432.00
Ltd.
Everyone
Life
Insurance
others 1.80% 23,662,202.00
Co., LTD.
- Universal
Products
Agricultural
Bank of China
Co., Ltd. -
Guotai others 1.09% 14,376,517.00
Intelligent
Automobile
Stock
Investment
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
Fund
Abu dhabi
Foreign
Investment 0.98% 12,853,963.00
corporation
Authority
China Life
Insurance Co
Ltd.-
Tradtional-
others 0.94% 12,340,981.00
General
insurance
product-005L-C
T001shen
Shanghai Gao
Yi Asset
Management
Partnership
(limited others 0.84% 11,068,992.00
partnership) -
Gao Yi Liwei
select real
funds
Domestic
Miaosu natural 0.71% 8,708,941
person
Industrial and
Commercial
Bank of China
Limited -
China-Europe
others 0.65% 8,563,198.00
Times Pioneer
equity initiated
securities
investment
Fund
China
Construction
Bank Co., LTD.
- Huaxia Xinghe others 0.60% 7,917,191.00
hybrid securities
Investment
Fund
Explanation of the related
The company does not know whether there is an associated relationship between the shareholders,
relationship or concerted
and whether it is a person acting in concert stipulated in the Administrative Measures for the
action of the above
Disclosure of Information on Changes in Shareholdings of Shareholders of Listed Companies.
shareholders
Description of shareholders
As of December 31, 2022, Miaosu, one of the top 10 shareholders of the company, held 9,947,441
participating in margin
shares of the company through the customer credit transaction guarantee securities account of Huaxi
financing and securities
Securities Co., Ltd.
lending business (if any)
b. Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their
Shareholdings
Anhui Zhongding Sealing Parts Co.,Ltd. Abstract of the Annual Report 2022
? Applicable √ N/A
During the reporting period, the Company had no preferred shareholders' shareholdings.
c. Disclose the property rights and control relationship between the Company and the actual
controller in block diagram form
? Applicable √ N/A
Ⅰ. Important issues
N/A