Kehua Holdings Co.Ltd(603161) : annual report of Kehua Holdings Co.Ltd(603161) 2021

Company code: Kehua Holdings Co.Ltd(603161) company abbreviation: Kehua Holdings Co.Ltd(603161) Kehua Holdings Co.Ltd(603161)

Annual report for 2021

Important tips

1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 All directors of the company attended the board meeting.

3、 Rongcheng Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company.

4、 Chen Hongmin, the person in charge of the company, Wang Zhirong, the person in charge of accounting, and Wang Zhirong, the person in charge of the accounting organization (Accounting Supervisor), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report.

5、 The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors

According to the audit of Rongcheng Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the listed company in 2021 was -4675629866 yuan, plus the undistributed profit of 40040561494 yuan at the beginning of the year, deducting the cash dividend of 1680840000 yuan in 2020, the cumulative undistributed profit of the parent company as of December 31, 2021 was 33458668571 yuan.

In view of the negative net profit attributable to the shareholders of the listed company realized by the company in 2021, the profit distribution plan of the company in 2021 proposed by the board of directors of the company after comprehensive consideration is: no cash dividend, no bonus shares and no conversion of provident fund into share capital.

The profit distribution plan has been deliberated and approved at the sixth meeting of the third board of directors and the sixth meeting of the third board of supervisors, and needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. 6、 Risk statement of forward-looking statements

√ applicable □ not applicable

The forward-looking descriptions of the company’s future corporate strategy, business development, business plan and financial situation involved in this report are the evaluation or prediction of the future based on the information and data available to the company at present, and do not constitute the company’s substantive commitment to investors. Please pay attention to investment risks. 7、 Whether there is any non operational occupation of funds by the controlling shareholders and their related parties? VIII. Whether there is any external guarantee in violation of the specified decision-making procedures? IX. whether more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company? No

10、 Major risk tips

The company has described the possible risks in detail in this report. Please refer to the contents of “possible risks” in “section III Management Discussion and analysis” and “section VI discussion and analysis of the company on the future development of the company”. 11、 Others □ applicable √ not applicable

catalogue

Section 1 interpretation Section 2 company profile and main financial indicators Section III Management Discussion and Analysis Section 4 corporate governance Section V environmental and social responsibility Section VI preferred shares 54 Section VII relevant information of bonds 55 Section VIII important matters Section IX changes in shares and shareholders 67 section x financial report seventy-three

Financial statements containing the signatures and seals of the person in charge of the company, the person in charge of accounting and the person in charge of accounting institutions. Documents for future reference

The original of the audit report with the seal of the accounting firm and the signature of the certified public accountant.

catalogue

Originals of all documents and announcements publicly disclosed during the reporting period.

Section I interpretation

1、 Interpretation in this report, unless the context otherwise requires, the following words have the following meanings: Interpretation of common words

Kehua Holdings Co.Ltd(603161) , the company and the company refer to Kehua Holdings Co.Ltd(603161)

Lianhua machinery refers to Liyang Lianhua Machinery Manufacturing Co., Ltd., a wholly-owned subsidiary of Kehua Holdings Co.Ltd(603161)

Kehua Germany refers to the German subsidiary of lykh GmbH, Kehua Holdings Co.Ltd(603161) wholly-owned

Kehua USA refers to lykh LLC, Kehua Holdings Co.Ltd(603161) wholly-owned subsidiary in the United States

Kehua Suzhou refers to Suzhou Kehua Automobile Technology Co., Ltd., a wholly-owned subsidiary of Kehua Holdings Co.Ltd(603161)

Kehua Shanghai refers to Kehua Holdings Co.Ltd(603161) (Shanghai) Co., Ltd., a wholly-owned subsidiary of Kehua Holdings Co.Ltd(603161)

Kehua power refers to Jiangsu Kehua Power Technology Co., Ltd., a joint-stock subsidiary of Kehua Holdings Co.Ltd(603161)

Audit institution and Rongcheng certified public accountants refer to Rongcheng Certified Public Accountants (special general partnership)

Shanghai stock exchange refers to Shanghai Stock Exchange

Yuan, 10000 yuan and 100 million yuan refer to RMB yuan, 10000 yuan and 100 million yuan

The articles of association refers to the Kehua Holdings Co.Ltd(603161) articles of association

3. The board of directors refers to the general meeting of shareholders, the board of directors and the board of supervisors

3. The rules of procedure of the board of directors refer to the rules of procedure of the general meeting of shareholders, the rules of procedure of the board of directors and the rules of procedure of the board of supervisors

Kehua investment refers to Jiangsu Kehua Investment Management Co., Ltd

Company Law refers to the company law of the people’s Republic of China

Securities Law refers to the securities law of the people’s Republic of China

The reporting period refers to 2021

The end of the reporting period refers to December 31, 2021

Year end and year end refer to December 31 of the corresponding year

Month end and month end refer to the last day of the corresponding month

CSRC refers to the China Securities Regulatory Commission

Honeywell’s transportation system business was renamed “Garrett” to provide a wider range of differentiated products and services to customers around the world.

New Garrett continues to act as Garrett and Garrett

The global leader in turbocharging technology, with first-class engineering ability, serves various types of global automobile, truck and other motor vehicle markets

BorgWarner Inc. is a company dedicated to designing and manufacturing high-end technology products to improve the performance of automobile engine system, transmission system and four-wheel drive system, providing advanced power for major automobile manufacturers in the world

System solution

Continental automotive GmbH is a world-famous supplier of automotive parts for continental automobiles. Its main products are tires, braking system, body stability control system, engine injection system, tachometer and other parts

Shanghai Lingzhong turbocharger Co., Ltd. is a joint venture established by Mitsubishi Heavy Industry Co., Ltd., Shanghai Lingzhong Diesel Engine Co., Ltd., Shanghai Sumitomo Commercial Co., Ltd. and Sumitomo Commercial Co., Ltd., mainly engaged in the production and sales of turbochargers

The utility model relates to an air compressor that uses the inertia of the exhaust gas discharged by the engine to drive the turbine in the turbine chamber, with a turbocharger to move the coaxial impeller, and the impeller presses the fresh air to pressurize it into the cylinder, so as to increase the air intake

A core zero intermediate shell in the turbocharger, which is located between the compressor casing and the turbine casing, refers to the component shell, which contains turbine shaft, floating bearing, thrust bearing, fixed sleeve shaft seal, etc

The housing connecting the exhaust manifold and the intermediate housing in the turbocharger forms the turbine housing finger

A cavity that guides the flow of gas and pushes the turbine to do work

It refers to the screw, nut, bushing, valve cover, turbine shell assembly and intermediate shell assembly on the main body of turbine shell and intermediate shell

Assembly parts formed after welding and assembly of small parts such as inner crank and outer crank handle

The differential case is the main body of the differential. It is mainly used to place the cross shaft or the finger shaft of the flat differential case, which can keep the transmission axis of the differential and the rear axle drive wheel unchanged, and the torque is transmitted through the differential.

It is connected with the engine cylinder block to collect the exhaust gas emitted by each cylinder of the engine from the exhaust manifold

To lead into the exhaust manifold with diverging lines

Section II Company Profile and main financial indicators

1、 Company information

Chinese name of the company Kehua Holdings Co.Ltd(603161)

Chinese abbreviation of the company Kehua Holdings Co.Ltd(603161)

The foreign language name of the company is Kehua Holdings Co., Ltd

The abbreviation of the company’s foreign name is Kehua holdings

Legal representative of the company: Chen Hongmin

2、 Contact person and contact information

Secretary of the board of directors and securities affairs representative

Name: he Zhaodi Yang Xi

Address: No. 63, Yongkang Road, Yuqiao village, Zhuzhou Town, Liyang City, Jiangsu Province

Tel: 051987835309

Fax: 051987836173

E-mail [email protected]. [email protected].

3、 Basic information

Registered address: Yuqiao village, Zhuzhu Town, Liyang City

Historical changes of the company’s registered address

Office address: No. 63, Yongkang Road, Yuqiao village, Zhuzhu Town, Liyang City, Jiangsu Province

The postal code of the company’s office address is 213354

Company website

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