Anhui Zhongding Sealing Parts Co.,Ltd.
Abstract of theAnnual Report 2022
StockAbbreviation: Zhongding Stock
Stock code: 000887
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, financialstatements, and future plansof 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 totalshares of 1,316,489,747,theCompanyshould distribute acashdividend ofRMB2.0(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
1. Company Information
StockAbbreviation 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
Address Economic and Technological Development Economic and Technological Development
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
2. Main Business or Product Profile during the Reporting Period
(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
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
7.058 million and 6.887 million respectively, with year-on-year growth of 96.9% and 93.4% respectively, and the
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 incrementalbusinesses of air suspension systems, lightweight chassis systems, and fluidpipeline 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