2021 年第三季度报告 证券代码：600405 证券简称：动力源 北京动力源科技股份有限公司 2021 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个别及连带责任。 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 报表信息的真实、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 1/12 单位：元币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 296,549,263.27 -11.80 751,075,493.31 -12.37 归属于上市公司股东的净 利润 1,238,643.80 -92.03 -54,880,611.15 -355.50 归属于上市公司股东的扣 除 ...

证券代码：600405 证券简称：动力源 编号：2021-032 北京动力源科技股份有限公司 关于参加北京辖区上市公司投资者集体接待日 暨中报业绩说明会活动的公告 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个别及连带责任。 为进一步加强与广大投资者的沟通交流，北京动力源科技股份有限公司（以 下简称"公司"）将参加"2021 年北京辖区上市公司投资者集体接待日"活动， 现将有关事项公告如下： 本次集体接待日活动将采取网络远程的方式举行，投资者可以登录"上证路 演中心"网站（http://roadshow.sseinfo.com）或关注微信公众号上证路演中心， 参与本次投资者集体接待日活动，活动时间为 2021 年 9 月 23 日（星期四）15:00 至 17:00。投资者可于 2021 年 9 月 22 日（星期三）下午 17:00 前将需要了解的 情况和有关问题预先通过电子邮件的形式发送至公司联系邮箱，公司将在会上就 投资者普遍关注的问题进行回答。 届时公司的董事长兼总经理何振亚先生、财务总监兼董事会秘书胡一元先生、 常务副总裁王 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 454.53 million, a decrease of 12.74% compared to RMB 520.88 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of approximately RMB 56.12 million, a decline of 1,045.32% compared to a profit of RMB 5.94 million in the same period last year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately RMB 53.11 million, compared to a profit of RMB 0.89 million in the same period last year, representing a decrease of 6,061.82%[20]. - The net cash flow from operating activities was approximately RMB 478,903.55, a significant decrease of 99.48% compared to RMB 92.09 million in the same period last year[20]. - The basic earnings per share for the first half of 2021 was -0.101 yuan, compared to 0.011 yuan in the same period last year, reflecting a decrease of 1,018.18%[20]. - The diluted earnings per share for the first half of 2021 was also -0.101 yuan, compared to 0.011 yuan in the same period last year, indicating a decrease of 1,018.18%[20]. - The weighted average return on net assets was -5.46%, a decrease of 6.03 percentage points compared to 0.57% in the same period last year[20]. - The company reported a total non-operating loss of ¥3,008,869.03, primarily due to losses from non-recurring items[23]. - The company reported a net loss of ¥109,300,363.33, compared to a loss of ¥53,181,108.38 in the previous period[132]. - The total comprehensive income attributable to the parent company was a loss of CNY 56,177,045.93, compared to a profit of CNY 5,978,279.56 in the same period last year[145]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 2.62 billion, an increase of 2.30% compared to RMB 2.56 billion at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 5.09% to approximately RMB 984.74 million from RMB 1.04 billion at the end of the previous year[20]. - The company's total assets decreased to CNY 2,086,406,161.48 from CNY 2,198,632,877.57 year-over-year[137]. - Total liabilities decreased to CNY 1,296,510,217.45 from CNY 1,365,432,291.69 in the previous year[137]. - The total liabilities were recorded at 559,942.95 million, showing a slight increase from the previous year[161]. - The company's total assets at the end of the first half of 2021 were 1,059,130,000 CNY, compared to 1,059,130,000 CNY at the end of the previous period, remaining stable[171]. Market and Industry Position - The company focuses on three main industries: data communication, smart energy, and new energy vehicles, emphasizing energy conversion and utilization[26]. - Key products include communication power modules, high voltage direct current power supply systems, and vehicle power systems, catering to various sectors such as telecommunications and renewable energy[27]. - The company aims to enhance its market presence through continuous innovation and expansion in the renewable energy sector[26]. - The investment in communication power supply for 5G base station infrastructure is expected to account for 17% of total investment, indicating a substantial market opportunity[34]. - The global 5G network construction is projected to exceed $5 billion by 2025, driven by increasing mobile user numbers and demand for communication power systems[35]. - The company has achieved breakthroughs in overseas markets, with its 5G products already in operation in countries like Japan, South Korea, and Thailand[36]. - The company has established a strong position in the electric vehicle charging market, with a potential market space of at least 400,000 battery swap cabinets nationwide, driven by the rapid growth of shared electric bicycles[42]. - The company is exploring potential mergers and acquisitions to bolster its market position and expand its product offerings[158]. Research and Development - The company is committed to R&D in power electronics and information technology, focusing on stable performance and reliable quality in its offerings[32]. - Research and development expenses increased by 30.63% to ¥50.57 million, primarily due to investments in battery swap cabinets and microstation power supply projects[75]. - The company has developed a new generation of microstation power supply and efficiency modules (75A and 50A) to enhance performance and availability of materials[57]. - The company has launched various products in the photovoltaic sector, including power optimizers and inverters, and is actively applying its solutions in distributed smart energy storage systems[44]. - The company continues to launch innovative products such as power optimizers and high-power liquid-cooled charging piles, focusing on market promotion to achieve scale sales despite potential risks in market recognition[95]. Operational Challenges - The company faces operational management risks due to its expansion into new business areas and industries, which may affect long-term development if not managed effectively[92]. - The company is experiencing significant price volatility and supply shortages for key raw materials like international chips and diodes, which could affect operating costs and profit margins; measures are being taken to lock in prices and optimize procurement[98]. - The ongoing COVID-19 pandemic has led to a slow recovery in customer demand, and the company is monitoring the situation closely to minimize negative impacts on its operations[97]. - The company faces risks from US-China trade tensions, including increased tariffs and exchange rate fluctuations, which could impact export revenue and gross margin; proactive communication with clients is planned to mitigate these effects[96]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 96,968, reflecting a broad shareholder base[119]. - The largest shareholder, He Zhenya, holds 62,138,615 shares, representing 11.15% of the total shares, with 40,538,615 shares pledged[120]. - The second-largest shareholder, Zhou Weijun, increased his holdings by 1,520,000 shares to a total of 11,602,184 shares, accounting for 2.08%[120]. - The company has a total of 5,875,000 shares held under the employee stock ownership plan for 2020[121]. - The top ten shareholders include several individuals with no shares under lock-up conditions, indicating a potential for liquidity in the market[121]. Future Outlook - Future guidance suggests a projected revenue growth of approximately 10% for the upcoming fiscal year, driven by new market initiatives[158]. - The management expressed optimism about achieving further profitability in the upcoming quarters based on current market trends and operational improvements[170]. - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements[158]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[170].

公司代码：600405 公司简称：动力源 2021 年第一季度报告 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 北京动力源科技股份有限公司 2021 年第一季度报告 1 / 20 | 一、重要提示 3 | | --- | | 二、公司基本情况 3 | | 三、重要事项 6 | | 四、附录 9 | 非经常性损益项目和金额 √适用□不适用 4 / 20 单位：元币种：人民币 项目 本期金额 说明 非流动资产处置损益 -24,312.31 越权审批，或无正式批准文件，或偶发性的税收返还、 减免 计入当期损益的政府补助，但与公司正常经营业务密切 相关，符合国家政策规定、按照一定标准定额或定量持 续享受的政府补助除外 595,983.35 计入当期损益的对非金融企业收取的资金占用费 企业取得子公司、联营企业及合营企业的投资成本小于 取得投资时应享有被投资单位可辨认净资产公允价值 产生的收益 非货币性资产交换损益 委托他人投资或管理资产的损益 因不可抗力因素，如遭受自然灾害而计提的各项资产减 值准备 债务重组损益 企业重组费用，如安置职工的支出、整合费用等 交易价格显失公允的交易产生的超过公允价值部分 ...

Financial Performance - The company reported a consolidated net loss of ¥46,728,195.16 for the year 2020, with a net loss attributable to the parent company of ¥41,915,731.68[3]. - The parent company’s accumulated undistributed profits at the end of 2020 amounted to -¥257,573,453.64, indicating a negative retained earnings situation[3]. - Due to the negative retained earnings, the company will not distribute cash dividends or issue bonus shares for the year 2020[3]. - The company's operating revenue for 2020 was CNY 1,215,709,742.85, a decrease of 2.33% compared to CNY 1,244,739,999.73 in 2019[18]. - The net profit attributable to shareholders was a loss of CNY 41,915,731.68 in 2020, a decline of 478.63% from a profit of CNY 11,070,482.28 in 2019[18]. - The basic earnings per share for 2020 was -0.075 CNY, down 475.00% from 0.020 CNY in 2019[19]. - The weighted average return on equity decreased to -4.090% in 2020 from 1.020% in 2019[19]. - The net cash flow from operating activities was CNY 138,254,950.37, an increase of 2.48% compared to CNY 134,907,440.12 in 2019[18]. - The total assets at the end of 2020 were CNY 2,561,747,813.90, a decrease of 0.97% from CNY 2,586,812,402.02 at the end of 2019[18]. - The net assets attributable to shareholders were CNY 1,037,514,405.17 at the end of 2020, down 0.89% from CNY 1,046,877,686.04 at the end of 2019[18]. - The total liabilities increased by 19.24% to ¥24,384.96 million due to new short-term borrowings[83]. - The company reported a significant reduction in sales expenses by 1.42% year-on-year, totaling ¥175,532,780.69[78]. - The total amount of guarantees provided by the company, including those to subsidiaries, was 356.68 million RMB, accounting for 33.42% of the company's net assets[153]. Operational Highlights - The company maintained a focus on core business areas, specifically in data communication, smart energy, and new energy vehicles, without significant changes in its business model during the reporting period[28]. - The company reported a quarterly operating revenue of CNY 95,769,318.30 in Q1 2020, with a significant increase to CNY 425,113,562.94 in Q2 2020[22]. - The company experienced a net loss of CNY 63,395,806.40 in Q4 2020, following a profit of CNY 15,543,508.97 in Q3 2020[22]. - The company is actively exploring different marketing models, including direct sales and channel sales, to meet market differentiation needs[35]. - The company has established a global multi-channel sales network and after-sales service platform, with offices in various regions including Southeast Asia, South Asia, and North America[43]. - The company completed the integration of its smart energy business line, enhancing product promotion and achieving positive progress in various sectors[54]. - The company is expanding its product offerings in the renewable energy sector, including photovoltaic inverters and energy optimization solutions[34]. - The company has developed a comprehensive lifecycle service model, providing stable performance and reliable quality products[35]. Research and Development - The company’s R&D expenses increased by 6.42% to CNY 81,013,103.53, reflecting its commitment to product development[68]. - The company has established a comprehensive pilot and experimental verification system, investing significant resources to create a reliability verification laboratory compliant with ISO/IEC 17025 standards[39]. - The company has core technological advantages in charging products, having passed the qualification review for electric vehicle charging equipment suppliers by the State Grid[110]. - The company has developed core technologies in electric drive systems and hydrogen fuel cell DC/DC converters, positioning itself as a leader in the new energy vehicle component market[115]. - The company is actively expanding its photovoltaic power optimizer products, which reduce conversion losses and lower construction costs, enhancing system efficiency[114]. Market and Industry Outlook - The company’s 2021 operational plan is subject to various uncertainties, including macroeconomic conditions and market situations, and does not constitute a performance commitment[4]. - The investment in communication power supply is expected to account for 17% of the total investment in 5G base station infrastructure construction, indicating a significant growth opportunity for the company[99]. - The data center market in China reached a scale of 156.25 billion yuan in 2019, with a projected compound annual growth rate of 27.8% from 2020 to 2022, expected to reach 320 billion yuan by 2022[104]. - The market for backup power systems and intelligent evacuation systems is expected to see significant growth, with a market space of approximately 100 billion yuan for urban rail transit backup power in the next two years[108]. - The intelligent evacuation industry market size in China was 7 billion yuan in 2020, with projected growth to 13.5 billion yuan by 2024[108]. Corporate Governance and Compliance - The board of directors and management have confirmed the authenticity and completeness of the annual report[7]. - The audit report issued by the accounting firm is a standard unqualified opinion[7]. - The company has established a sound internal control system and improved its governance structure in compliance with relevant laws and regulations[198]. - There were no significant lawsuits or arbitration matters reported for the current year, indicating a stable legal standing[148]. - The company has committed to not using company assets for unrelated investments or consumption activities, ensuring the protection of shareholder interests[142]. Social Responsibility and Community Engagement - The company actively engaged in photovoltaic poverty alleviation projects in Jilin Province, focusing on planning, construction, and operation to help improve local economic conditions and achieve poverty alleviation goals[155]. - The company provided financial support of RMB 36,000 for poverty alleviation efforts, benefiting 120 registered impoverished households in Jilin Province[157]. - The company donated over RMB 80,000 worth of professional epidemic prevention materials to Wuhan University People's Hospital during the pandemic[157]. - The company has a long-term commitment to supporting vulnerable groups and has created numerous job opportunities for individuals with disabilities[156]. - The company aims to strengthen its core competitiveness and achieve its vision of becoming a century-old enterprise and brand[159]. Employee and Management Structure - The company has a total of 2,424 employees, with 817 technical personnel, accounting for 33.70% of the total workforce[37]. - The total number of ordinary shares decreased from 559,942,948 to 557,143,948 due to the cancellation of 2,799,000 restricted stocks[165]. - The total compensation for all directors and senior management amounted to 7,184,800 RMB for the reporting period[185]. - The company has implemented a performance-based salary system for R&D personnel, a position performance salary system for functional staff, and a fixed salary plus performance bonus system for sales personnel[194]. - The company has established a comprehensive training system, executing an annual training plan that includes new employee training and management skills enhancement[195].

Financial Performance - Net profit attributable to shareholders rose by 33.27% to CNY 21,480,074.72 for the first nine months of the year[5] - Operating income for the first nine months increased by 8.22% to CNY 857,103,072.15 compared to the same period last year[5] - Basic earnings per share increased by 31.03% to CNY 0.038 per share[5] - The company reported a net profit of CNY 10,214,698.02, recovering from a loss of CNY 11,265,376.70 in the previous year[22] - Total profit for Q3 2020 reached ¥16,384,425.33, compared to ¥15,166,964.24 in Q3 2019, which is an increase of approximately 8.0%[32] - Net profit for Q3 2020 was ¥14,926,503.07, slightly up from ¥14,683,318.60 in Q3 2019, indicating a growth of approximately 1.7%[32] - The company reported a total comprehensive income of CNY 7,958,755.64 for Q3 2020, down from CNY 14,376,920.21 in Q3 2019, a decrease of 44.5%[36] Assets and Liabilities - Total assets increased by 3.37% to CNY 2,674,096,863.15 compared to the end of the previous year[5] - The company’s total current assets amounted to CNY 1,511,285,579.73, compared to CNY 1,405,400,413.23 at the end of the previous year[20] - Non-current assets totaled CNY 1,162,811,283.42, a slight decrease from CNY 1,181,411,988.79 in the previous year[22] - Total liabilities amounted to CNY 1,580,886,768.17, up from CNY 1,517,457,032.53, an increase of 4.2%[22] - Current liabilities decreased to CNY 1,279,216,949.75 from CNY 1,324,868,031.61, a reduction of 3.4%[22] - Long-term borrowings rose significantly to CNY 223,323,838.81 from CNY 113,722,170.00, indicating an increase of 96.7%[22] Cash Flow - Net cash flow from operating activities surged by 145.82% to CNY 160,305,070.35 year-to-date[5] - Cash received from investment increased by 100% to CNY 4,000,000.00, primarily due to the recovery of principal from maturing financial products[15] - The cash flow from operating activities for Q3 2020 was CNY 160,305,070.35, significantly higher than CNY 65,213,541.93 in Q3 2019, marking an increase of 146.1%[39] - Operating cash flow for the first three quarters of 2020 was CNY 134,066,082.92, a decrease of 44% compared to CNY 239,579,628.38 in the same period of 2019[42] - Total cash inflow from financing activities was CNY 379,425,988.09, down from CNY 474,808,953.17 in the previous year, resulting in a net cash outflow of CNY 92,854,781.26[40] Shareholder Information - The total number of shareholders reached 81,382 by the end of the reporting period[9] - The largest shareholder, He Zhenya, holds 11.10% of the shares, with 62,138,615 shares pledged[9] Research and Development - Development expenditures increased by 34.20% to CNY 124,555,063.96, mainly due to increased R&D projects for new modular power supplies and hydrogen power systems[13] - Research and development expenses for Q3 2020 amounted to ¥20,670,309.73, up from ¥17,941,557.84 in Q3 2019, marking an increase of about 15.3%[31] - Research and development expenses for the first nine months of 2020 were CNY 28,667,962.48, up from CNY 27,488,736.98 in the same period last year, indicating a growth of 4.3%[35] Other Financial Metrics - Weighted average return on equity improved by 0.54 percentage points to 2.03%[5] - The company received government subsidies amounting to CNY 1,093,042.40 related to its normal business operations[7] - Non-recurring gains and losses totaled CNY 2,178,404.58 for the reporting period[8] - The company recorded a cash inflow from investment activities of CNY 20,273,806.15 in the first nine months of 2020, compared to CNY 1,934,017.57 in the same period last year, indicating a significant increase[39]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥520.88 million, representing an increase of 8.40% compared to ¥480.51 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥5.94 million, a significant increase of 324.25% from ¥1.40 million in the previous year[20]. - The basic earnings per share for the first half of 2020 was ¥0.011, up 450.00% from ¥0.002 in the same period last year[19]. - The net cash flow from operating activities for the first half of 2020 was approximately ¥92.09 million, an increase of 24.13% compared to ¥74.19 million in the previous year[20]. - The total assets at the end of the reporting period were approximately ¥2.74 billion, reflecting a growth of 5.83% from ¥2.59 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.06 billion, showing an increase of 0.88% from ¥1.05 billion at the end of the previous year[20]. - The weighted average return on net assets for the first half of 2020 was 0.565%, an increase of 0.44 percentage points from 0.130% in the same period last year[19]. - The company reported a net cash flow from investment activities of approximately -¥16.13 million, showing a significant improvement from the previous year's -¥37.71 million[76]. - The company achieved a revenue of 520.88 million yuan in the first half of 2020, representing an 8.4% increase year-on-year, while net profit attributable to shareholders surged by 324.25% to 5.94 million yuan[61]. - The company reported a net profit of CNY 10,991,984.80 for the first half of 2020, compared to a net loss of CNY 5,303,085.05 in the same period of 2019[158]. Market and Industry Insights - The company focuses on three main industries: data communication, smart energy, and new energy vehicles, providing comprehensive solutions and lifecycle services[25]. - The data communication segment includes products such as communication power modules and high-voltage direct current power supply systems, targeting telecom operators and data centers[26]. - In the smart energy sector, the company offers solutions like photovoltaic inverters and energy management systems, aimed at enhancing energy efficiency[27]. - The new energy vehicle segment features core components such as electric motors and battery management systems, catering to the growing demand in the electric vehicle market[29]. - The company aims to expand its market presence through innovative products and strategic partnerships in the energy and automotive sectors[25]. - The company is actively involved in the development of integrated energy solutions combining photovoltaic, storage, and charging systems for new energy vehicles[29]. - The data center market in China reached a scale of 156.25 billion yuan in 2019, with a projected compound annual growth rate of 27.8% from 2020 to 2022, potentially reaching 320 billion yuan by 2022[36]. - The backup power market is estimated to exceed 20 billion yuan, driven by the demand from over 100,000 gas stations and 1 million medical institutions in China[38]. - The smart evacuation system market is projected to be three times the size of the fire alarm system market, with annual demand exceeding 10 billion yuan due to new regulatory standards[40]. - The distributed photovoltaic market is entering a price parity era, with a cost reduction of 10%-25% across the supply chain, enhancing the feasibility of solar energy solutions[41]. Operational Efficiency and Innovation - The company emphasizes technological innovation and customer-oriented strategies to drive growth in its core business areas[25]. - The company has invested in advanced automated production equipment to enhance manufacturing efficiency and reduce costs, transitioning its Anhui production base from a "manufacturing factory" to a "smart manufacturing factory"[56]. - The company has established three R&D centers in Beijing, Shenzhen, and Harbin, employing 751 technical personnel, which accounts for 30.38% of its total workforce[52]. - The company has a dedicated team of over 100 professionals in testing, pilot production, and equipment development, ensuring strong innovation capabilities in the power electronics industry[55]. - The company continues to focus on product innovation and cost control in the face of intensified market competition in the charging pile business[48]. - The company has launched innovative products such as power optimizers and high-power liquid-cooled charging piles, but faces risks related to market recognition and expected revenue[94]. Financial Position and Liabilities - The company's total liabilities amounted to CNY 1,372,603,846.08, slightly up from CNY 1,339,515,236.46 in the previous year[151]. - The company's total liabilities classified as held for sale increased by 127% to 34,500,869.50 from 15,222,618.69, due to a property transfer agreement with a subsidiary[79]. - Long-term borrowings surged by 95% to 222,176,440.08 from 113,722,170.00, primarily due to a mid-term loan received from a bank[79]. - The company's asset-liability ratio was 60.67%, up 3.42% from the previous year[138]. - The company maintained a loan repayment rate of 100% during the reporting period[138]. Strategic Initiatives and Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[176]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[176]. - The management provided a cautious outlook for the remainder of the year, anticipating challenges due to market conditions but remains committed to strategic initiatives[176]. - The company aims to improve its financial performance by focusing on cost management and optimizing its operational processes[176]. Corporate Social Responsibility - The company continued its poverty alleviation project in Jilin Province, assisting 120 registered impoverished households with an annual standard of 3,000 RMB per household[110]. - The company has invested 36,000 RMB in its poverty alleviation projects, helping 120 impoverished individuals to escape poverty[112]. - The company operates a 30MW photovoltaic power station in Jilin Province, which has been helping 120 impoverished households since 2016[113]. - The company plans to enhance its poverty alleviation efforts by focusing on industry, livelihood, employment, and education support[114]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 84,354[120]. - The largest shareholder, He Zhenya, holds 62,138,615 shares, representing 11.10% of total shares[121]. - The second largest shareholder, Zhou Weijun, holds 17,021,656 shares, representing 3.04% of total shares[121]. - The company did not experience any changes in total shares or capital structure during the reporting period[118]. Compliance and Governance - The company appointed Xin Yong Zhong He Accounting Firm for the 2020 annual report audit, with a fee of 1.2 million RMB[103]. - There were no major litigation or arbitration matters during the reporting period[104]. - The company provided guarantees totaling 51.545 million RMB, which accounts for 48.20% of the company's net assets[108]. - The company has a history of profitable operations and sufficient financial resources to support ongoing business activities, justifying the preparation of financial statements on a going concern basis[188].

Financial Performance - Operating revenue for the year-to-date was CNY 95,769,318.30, down 42.52% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 44,449,594.33, compared to a loss of CNY 18,387,563.78 in the same period last year[5] - The weighted average return on net assets decreased by 6.07 percentage points to -4.34%[5] - Revenue for the reporting period was ¥95,769,318.30, a decrease of 42.52% compared to the beginning of the period, primarily due to the impact of the pandemic[13] - Operating costs for the reporting period were ¥75,273,964.35, a decrease of 34.18% compared to the beginning of the period, also influenced by the pandemic[14] - Investment income for the reporting period was -¥87,534.56, an increase of 66.69% compared to the beginning of the period, primarily due to a decline in net profit from Chengdu Bobei Technology Co., Ltd.[14] - Other income for the reporting period was ¥916,947.55, a decrease of 83.12% compared to the beginning of the period, mainly due to reduced software tax refunds resulting from decreased revenue[14] - The net loss for Q1 2020 was CNY 50,395,487.48, compared to a loss of CNY 19,242,459.53 in Q1 2019, indicating a worsening of 162.5%[29] - The company's operating profit for Q1 2020 was -¥26,162,622.99, compared to -¥19,317,073.93 in Q1 2019, indicating a worsening of 35.00%[33] - The total comprehensive loss for Q1 2020 was ¥45,508,632.54, compared to a loss of ¥18,411,558.16 in Q1 2019[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,525,884,941.01, a decrease of 2.36% compared to the end of the previous year[5] - Total assets as of March 31, 2020, were CNY 2,088,035,020.25, a decrease from CNY 2,186,503,391.86 at the end of 2019[26] - Total liabilities as of March 31, 2020, were CNY 1,264,775,157.90, down from CNY 1,339,515,236.46 at the end of 2019, a reduction of 5.6%[26] - Total assets amounted to ¥2,586,812,402.02, with current assets at ¥1,405,400,413.23 and non-current assets at ¥1,181,411,988.79[40] - Total liabilities reached ¥1,517,457,032.53, with current liabilities totaling ¥1,324,868,031.61 and non-current liabilities at ¥192,589,000.92[41] - The total current liabilities included short-term borrowings of ¥204,500,000.00 and accounts payable of ¥511,895,519.62[41] - Total liabilities reached ¥1,339,515,236.46, with current liabilities comprising ¥1,262,527,490.66[45] Shareholder Information - The number of shareholders at the end of the reporting period was 87,920[10] - The total equity attributable to shareholders was CNY 1,004,083,428.21, down from CNY 1,046,877,686.04 at the end of 2019, a decrease of 4.1%[26] - Shareholders' equity stood at ¥1,069,355,369.49, with equity attributable to the parent company at ¥1,046,877,686.04[41] Cash Flow - Cash flow from operating activities was CNY 3,161,205.44, a significant improvement from a negative CNY 48,806,005.34 in the previous year[5] - Cash received from borrowings during the reporting period was ¥28,300,000.00, a decrease of 82.48% compared to the previous period, primarily due to reduced external financing[17] - Cash received from sales of goods and services in Q1 2020 was ¥212,328,249.89, an increase of 7.05% from ¥198,236,195.52 in Q1 2019[35] - Total cash inflow from operating activities was ¥200,839,774.18, compared to ¥161,563,368.72 in the same period last year, representing a 24.2% increase[37] - The net cash flow from financing activities was ¥2,014,997.70, a decline from ¥66,455,260.54 in the same quarter last year[38] Inventory and Receivables - Accounts receivable decreased by 60.98% to CNY 35,410,126.07 as a result of bill endorsements[11] - Inventory increased by 24.49% to CNY 307,408,545.46 due to slower turnover caused by the pandemic[11] - Inventory increased to CNY 100,416,573.82 in Q1 2020, compared to CNY 79,732,560.12 in Q1 2019, reflecting a growth of 25.9%[25] - The company reported a decrease in accounts receivable to CNY 708,186,559.87 from CNY 825,947,174.19, a decline of 14.3%[25] Changes in Accounting and Reporting - The company reclassified pre-received sales amounts from "prepayments" to "contract liabilities" as of January 1, 2020, in accordance with new standards[42] - The company has made adjustments in reporting due to the implementation of new revenue and leasing standards[47] - The company reclassified pre-receipts from "accounts receivable" to "contract liabilities" as per new accounting standards[46]

Financial Performance - In 2019, the company achieved a consolidated net profit of ¥10,479,208.94, with a net profit attributable to the parent company of ¥11,070,482.28[4] - The parent company reported a net profit of ¥2,998,179.65, but ended the year with an accumulated undistributed profit of -¥210,827,134.12, indicating a negative retained earnings situation[4] - Due to the negative retained earnings, the company will not distribute cash dividends or issue bonus shares for the 2019 fiscal year[4] - The company's operating revenue for 2019 was approximately CNY 1.245 billion, representing a year-over-year increase of 36.85% compared to CNY 909.6 million in 2018[20] - The net profit attributable to shareholders was CNY 11.1 million in 2019, a significant recovery from a loss of CNY 280.2 million in 2018[20] - The basic earnings per share for 2019 was CNY 0.020, compared to a loss of CNY 0.499 per share in 2018[21] - The weighted average return on equity increased to 1.02% in 2019, up 23.48 percentage points from -22.46% in 2018[21] - The net cash flow from operating activities for 2019 was CNY 134.9 million, a recovery from a negative cash flow of CNY 63.8 million in 2018[20] - The company's total assets at the end of 2019 were approximately CNY 2.587 billion, a slight increase of 0.17% from CNY 2.583 billion at the end of 2018[20] Operational Strategy - The company’s 2020 operational plan is subject to various uncertainties, including macroeconomic conditions and market situations, and does not constitute a performance commitment[5] - The company focuses on power electronics and information technology products in data communication, smart energy, and new energy vehicles, emphasizing independent R&D and manufacturing[37] - The company is actively exploring different sales models, including direct sales and agency distribution, to meet market demands[37] - The company has implemented a supply chain management system driven by customer demand, optimizing resource allocation to achieve a low-cost strategy[43] - The company has upgraded its manufacturing capabilities with advanced automated production equipment, enhancing efficiency and reducing costs[44] Market and Industry Insights - The company focused on three major industries: data communication, smart energy, and new energy vehicles, emphasizing technology innovation and customer demand[30] - The company anticipates stable growth in the communication power market due to ongoing investments in 5G infrastructure[105] - The 5G industry is projected to generate a direct output of CNY 4.84 trillion in 2020, increasing to CNY 3.3 trillion by 2025 and CNY 6.3 trillion by 2030, with a compound annual growth rate of 29% over ten years[108] - The global IDC market is expected to exceed CNY 250 billion by 2024, driven by the rapid expansion of data centers and the increasing demand for high-voltage direct current (HVDC) power systems[113] - The company has established a competitive advantage in 5G technology and product reserves, with new communication power products ready to meet the surging demand from domestic 5G construction[114] Research and Development - The total R&D investment was approximately ¥128.26 million, accounting for 10.30% of the total revenue[85] - Research and development expenses amounted to approximately ¥76.13 million, up 5.21% from the previous year[76] - The company has developed over 100 products across three major fields: data communication, smart energy, and new energy vehicles, achieving competitive advantages in power efficiency, power density, and reliability[38] - The company has established a reliability verification laboratory compliant with ISO/IEC 17025 standards, enhancing product quality assurance through extensive environmental testing capabilities[41] Corporate Governance and Compliance - The audit report for the company was issued by Xin Yong Zhong He Accounting Firm, confirming the financial statements are free from material misstatement[7] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6] - The company has not violated any decision-making procedures in providing guarantees[6] - There are no significant lawsuits or arbitration matters reported for the year[155] - The company and its major stakeholders have maintained a good credit status without any significant legal judgments or unpaid debts[155] Social Responsibility and Community Engagement - The company has actively engaged in poverty alleviation efforts, providing 3,000 RMB per year for each of the 120 registered impoverished households in Jilin Province[167] - The company has invested a total of 38 million RMB in poverty alleviation initiatives, with 36 million RMB specifically allocated to industry development projects[171] - The company plans to continue its poverty alleviation efforts by focusing on industry, livelihood, employment, and education support[172] Shareholder Information - Major shareholders include He Zhenya with 62,138,615 shares (11.10%) and Zhou Weijun with 17,021,656 shares (3.04%) [186] - The total number of ordinary shares decreased from 562,040,448 to 559,942,948 during the reporting period[183] - The company repurchased and canceled 8,765,000 restricted shares, reducing the total shares from 562,040,448 to 553,275,448[179] - The company has implemented an employee stock option plan, with various executives holding restricted shares [188] Future Outlook - The company aims to enhance core competitiveness and achieve the vision of becoming a century-old enterprise[175] - The company is committed to social responsibility and promoting green and sustainable practices[175] - The company plans to leverage the "new infrastructure" projects, focusing on 5G communication power supplies and electric vehicle charging stations to increase market share[136] - The company is actively monitoring changes in industry policies to mitigate risks associated with emerging industry support and funding[144]

Financial Performance - Operating revenue for the first nine months rose by 25.57% to CNY 792,032,517.82 compared to the same period last year[6] - Net profit attributable to shareholders was CNY 16,117,768.65, a significant recovery from a loss of CNY 43,023,250.53 in the previous year[6] - The weighted average return on equity improved to 1.49% from -3.15% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.029, recovering from a loss of CNY 0.086 in the previous year[6] - Net cash flow from operating activities was CNY 65,213,541.93, a turnaround from a negative cash flow of CNY -116,566,467.48 in the previous year[6] - The company reported a net loss of ¥6,218,090.33, improving from a loss of ¥22,335,858.98 in the previous year[26] - The total profit for the first three quarters of 2019 reached ¥27,431,354.65, a recovery from a loss of ¥49,787,916.98 in the same period of 2018[37] - The net profit for Q3 2019 was ¥14,376,920.21, compared to a net loss of ¥2,789,329.43 in Q3 2018, indicating a significant turnaround[37] Assets and Liabilities - Total assets increased by 4.15% to CNY 2,689,714,049.24 compared to the end of the previous year[6] - Current liabilities due within one year increased to ¥263,696,218.62, a rise of 249.08%, primarily due to the reclassification of bonds payable[15] - Minority interests at the end of the reporting period were ¥22,955,089.30, an increase of 493.31%, due to the addition of a non-wholly-owned subsidiary[16] - Total liabilities amounted to ¥1,611,414,686.79, up from ¥1,506,239,302.77, reflecting a growth of about 7%[26] - Long-term receivables at the end of the reporting period reached ¥13,365,297.24, an increase of 219.82%, attributed to increased financing lease deposits from the parent company and subsidiaries[14] - Non-current liabilities decreased to ¥221,266,026.01 from ¥314,481,237.97, a reduction of approximately 29.6%[26] Shareholder Information - The total number of shareholders reached 88,278 by the end of the reporting period[11] - The largest shareholder, He Zhenya, holds 11.10% of the shares, with 62,138,615 shares pledged[11] Cash Flow - Cash received from operating activities increased by 87.50% to ¥36,041,676.79, primarily due to software tax refunds[17] - Cash paid for purchasing goods and services decreased by 41.66% to ¥317,057,288.87, mainly due to payments made via bank acceptance bills[17] - Cash received from financing activities increased by 165.24% to ¥159,101,729.17, primarily due to the return of bank acceptance bill deposits[19] - Cash inflow from operating activities for the first nine months of 2019 totaled CNY 768,747,834.50, an increase of about 13.5% compared to CNY 677,055,259.90 in the same period of 2018[43] - Net cash flow from financing activities in Q3 2019 was -CNY 90,516,493.19, a decrease from -CNY 127,744,413.84 in Q3 2018, showing an improvement of about 29%[44] Research and Development - Research and development expenses for the first three quarters of 2019 totaled ¥57,994,155.11, up from ¥50,311,143.02 in the same period of 2018, indicating a 15.4% increase[31] - Research and development expenses for the first three quarters of 2019 amounted to ¥27,488,736.98, up from ¥19,823,740.74 in the previous year, reflecting a focus on innovation[36] Other Financial Metrics - Other income for the reporting period was ¥13,228,283.76, an increase of 74.36%, mainly from increased software tax refunds[17] - The company incurred a credit impairment loss of ¥3,138,092.56 in Q3 2019, down from ¥3,645,458.30 in Q3 2018[32] - The financial expenses for the first three quarters of 2019 were ¥18,629,319.85, down from ¥23,489,793.18 in the previous year, reflecting better cost management[36]