[Key Financial Data and Analysis](index=1&type=section&id=Item%20I.%20Key%20Financial%20Data) This section provides an overview and analysis of the company's core financial performance and position [Core Financial Indicators](index=1&type=section&id=Item%20I.%20(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company reported strong Q3 and year-to-date performance in 2022, with Q3 revenue up 29.51% and net profit attributable to parent company surging by 2,571.75%, achieving a year-to-date profit of CNY 5.357 million Key Financial Indicators for Q3 and First Three Quarters of 2022 | Item | Current Period (Q3) | YoY Change (%) | Year-to-Date (YTD) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 384,068,660.69 CNY | 29.51 | 962,387,926.35 CNY | 28.13 | | Net Profit Attributable to Parent Company Shareholders | 33,093,477.56 CNY | 2,571.75 | 5,357,284.31 CNY | N/A (Turned Loss to Profit) | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-Recurring Items) | 32,662,630.13 CNY | 8,612.15 | 6,632,681.55 CNY | N/A (Turned Loss to Profit) | | Basic Earnings Per Share (CNY/share) | 0.060 | 2,533.40 | 0.010 | N/A (Turned Loss to Profit) | Key Balance Sheet Data at Period End | Item | Current Period End (2022-09-30) | Prior Year End (2021-12-31) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,634,613,280.55 CNY | 2,555,972,670.81 CNY | 3.08 | | Total Equity Attributable to Parent Company Shareholders | 901,048,095.71 CNY | 895,001,307.29 CNY | 0.68 | [Non-Recurring Gains and Losses](index=2&type=section&id=Item%20I.%20(II)%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In the first three quarters of 2022, the company's total non-recurring gains and losses were -CNY 1.275 million, mainly from government grants and net non-operating income/expenses, with Q3 non-recurring gains and losses at CNY 0.431 million Details of Non-Recurring Gains and Losses for 2022 (Year-to-Date) | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Disposal gains/losses on non-current assets | -92,754.61 | | Government grants recognized in current profit or loss | 3,312,358.55 | | Fair value changes and disposal gains/losses of financial assets/liabilities | -448,026.61 | | Other non-operating income and expenses | -4,046,974.57 | | **Total** | **-1,275,397.24** | [Analysis of Changes in Key Financial Data](index=4&type=section&id=Item%20I.%20(III)%20Analysis%20of%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company attributes significant growth in key financial indicators for Q3 and the first three quarters of 2022 to increased overseas order deliveries, directly leading to a turnaround from losses to profits - The company attributes its performance growth, including revenue, net profit, and EPS, primarily to increased overseas order deliveries during the reporting period, leading to a turnaround from losses to profits[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=Item%20II.%20Shareholder%20Information) This section details the company's shareholder structure and major shareholdings [Shareholding Status](index=4&type=section&id=Item%20II.%20(I)%20Total%20Number%20of%20Common%20Shareholders%20and%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%20and%20Top%20Ten%20Shareholders%27%20Shareholding%20Table) As of Q3 2022, the company had 108,239 common shareholders, with the largest shareholder, Mr. He Zhenya, holding 11.23% (8.16% pledged), indicating a dispersed ownership structure dominated by natural persons among the top ten - At the end of the reporting period, the company had a total of **108,239** common shareholders[12](index=12&type=chunk) Top Five Shareholders' Shareholding | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Percentage (%) | Pledge/Freeze Status | | :--- | :--- | :--- | :--- | :--- | | He Zhenya | Domestic Natural Person | 62,138,615 | 11.23 | Pledged 45,146,728 | | Tai Lin | Domestic Natural Person | 7,360,000 | 1.33 | None | | Zhou Weijun | Domestic Natural Person | 3,192,703 | 0.58 | None | | Liu Ying | Domestic Natural Person | 1,752,030 | 0.32 | None | | Li Zhe | Domestic Natural Person | 1,471,577 | 0.27 | None | - The company is unaware of any related party relationships or concerted actions among the top ten shareholders[12](index=12&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section presents the company's consolidated financial statements for the quarter [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets were **CNY 2.635 billion**, up 3.08% from year-end, with total liabilities at **CNY 1.719 billion** (debt-to-asset ratio ~65.2%), and key components being accounts receivable, inventory, short-term borrowings, and accounts payable Key Items from Consolidated Balance Sheet (Unit: CNY) | Item | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **2,634,613,280.55** | **2,555,972,670.81** | | Accounts Receivable | 816,968,592.08 | 731,012,558.97 | | Inventory | 456,004,865.54 | 480,403,421.14 | | **Total Liabilities** | **1,718,886,371.46** | **1,648,232,648.05** | | Short-term Borrowings | 453,089,518.56 | 281,452,959.64 | | Accounts Payable | 632,728,547.32 | 618,116,253.31 | | **Total Equity Attributable to Parent Company Shareholders** | **901,048,095.71** | **895,001,307.29** | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2022, total operating revenue reached **CNY 962.388 million**, up 28.13% YoY, with effective cost and expense control leading to an operating profit of **CNY 7.535 million** and a net profit attributable to parent company of **CNY 5.357 million**, successfully turning around from a prior-year loss Key Items from Consolidated Income Statement (Unit: CNY) | Item | First Three Quarters of 2022 (Jan-Sep) | First Three Quarters of 2021 (Jan-Sep) | | :--- | :--- | :--- | | Total Operating Revenue | 962,387,926.35 | 751,075,493.31 | | Total Operating Costs | 967,815,775.63 | 832,151,495.61 | | Including: Operating Costs | 699,310,926.04 | 522,145,166.92 | | Selling Expenses | 111,364,917.28 | 132,227,754.89 | | Research and Development Expenses | 68,664,391.82 | 75,915,678.47 | | Operating Profit | 7,534,802.94 | -57,204,496.24 | | **Net Profit Attributable to Parent Company Shareholders** | **5,357,284.31** | **-54,880,611.15** | | **Basic Earnings Per Share (CNY/share)** | **0.010** | **-0.099** | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2022, net cash from operating activities significantly improved to **CNY 24.852 million**, turning positive due to increased sales collections, while investing activities saw a **CNY 65.007 million** outflow and financing activities a **CNY 55.072 million** inflow, resulting in a period-end cash balance of **CNY 83.485 million** Key Items from Consolidated Cash Flow Statement (Unit: CNY) | Item | First Three Quarters of 2022 (Jan-Sep) | First Three Quarters of 2021 (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 24,851,658.00 | -38,842,120.00 | | Net Cash Flow from Investing Activities | -65,007,435.12 | -52,967,479.63 | | Net Cash Flow from Financing Activities | 55,072,376.95 | 63,020,672.86 | | Net Increase in Cash and Cash Equivalents | 17,642,685.49 | -29,750,240.30 | | **Cash and Cash Equivalents at Period End** | **83,485,290.48** | **55,028,662.98** |

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 578,319,265.66, representing a 27.24% increase compared to RMB 454,526,230.04 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of RMB 27,736,193.25, an improvement from a loss of RMB 56,119,254.95 in the previous year[18]. - The net cash flow from operating activities was RMB 20,186,917.74, significantly up from RMB 478,903.55 in the same period last year, marking an increase of 4,115.24%[18]. - The total assets at the end of the reporting period were RMB 2,634,986,466.24, a 3.09% increase from RMB 2,555,972,670.81 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 3.04% to RMB 867,782,506.21 from RMB 895,001,307.29 at the end of the previous year[18]. - The basic earnings per share for the first half of 2022 was -0.050 yuan, an improvement from -0.101 yuan in the same period last year[19]. - The weighted average return on net assets was -3.10%, an improvement from -5.46% in the previous year[19]. - The company reported a net loss of CNY 223,301,773.07, compared to a loss of CNY 195,565,579.82 at the beginning of the period[157]. - The net loss for the first half of 2022 was ¥28,433,848.80, an improvement from a net loss of ¥58,464,370.41 in the first half of 2021[164]. Business Segments and Strategy - The company has diversified its core business into three main areas: data communication, green travel, and new energy, reflecting a strategic shift towards renewable energy solutions[25]. - The data communication segment includes products such as communication power modules and high-voltage direct current supply systems, targeting telecom operators and data centers[26]. - The green travel segment features electric vehicle charging solutions, including AC and DC charging piles, and integrated charging systems for electric bicycles[27]. - The new energy segment focuses on hydrogen fuel cell systems and energy storage solutions, with applications in various types of fuel cell vehicles[28]. - The company aims to enhance its market presence through technological innovation and customer-oriented solutions, maintaining a focus on core business areas[25]. - The company is actively developing integrated energy solutions that combine photovoltaic systems with energy storage and charging infrastructure[28]. - The electric vehicle charging market is a key growth area, with the company providing comprehensive solutions for charging station design and construction[27]. Market Trends and Projections - In 2022, China Mobile is expected to have a capital expenditure of 110 billion yuan for 5G-related investments, while China Telecom's investment is projected at 34 billion yuan[34]. - The global 5G market size was 53.93 billion USD in 2020 and is projected to reach 123.27 billion USD by 2025, with a compound annual growth rate of 18% from 2020 to 2025[36]. - By the end of 2022, the total number of 5G base stations in China is expected to exceed 2.09 million, with over 670,000 new stations to be built this year[34]. - The production and sales of new energy vehicles reached 2.661 million and 2.6 million units respectively in the first half of 2022, representing a year-on-year growth of 120%, with a market share of 21.6%[41]. - The market for onboard power supplies in the new energy vehicle sector is projected to grow from 5.44 billion yuan in 2017 to 70 billion yuan by 2025[44]. - The electric vehicle charging market is expected to see a compound annual growth rate of 44% from 2021 to 2025, with market sizes projected at 124.1 billion yuan in 2021 and 204.5 billion yuan by 2025[46]. Research and Development - The company has maintained over 20% market share in multiple countries despite challenges from the pandemic and international trade conflicts[37]. - The company has accumulated 27 years of experience in the communication power industry, leading to stable growth in product sales[35]. - The company holds 479 valid intellectual property rights, including 69 invention patents and 212 utility model patents, showcasing its strong R&D capabilities[58]. - The company is focusing on the development of fuel cell DC/DC products and has made progress in the durability testing of these products[59]. - The company’s high-voltage variable frequency drives are designed to optimize energy consumption in high-energy-consuming motor systems[30]. Financial Position and Liabilities - The company's total liabilities reached CNY 1,755,162,900.11, compared to CNY 1,648,232,648.05 at the start of the period, which is an increase of approximately 6.5%[157]. - Short-term borrowings increased significantly to CNY 426,872,463.00 from CNY 281,452,959.64, representing a rise of about 51.6%[156]. - The company reported a total guarantee amount of 42,927.05 million RMB, which accounts for 47.29% of the company's net assets[135]. - The company provided guarantees totaling 11,332.14 million RMB to its subsidiaries during the reporting period[135]. - The company's accounts receivable balance at the end of the reporting period was 785 million yuan, accounting for 29.80% of total assets, indicating a potential risk of delayed collection[106]. Corporate Governance and Shareholder Information - The company has made significant changes in its board and management personnel, including the election of new directors and supervisors[115]. - The company held its annual general meeting on May 20, 2022, approving the election of the eighth board of directors and supervisors[117]. - The total number of shares decreased from 557,143,948 to 555,136,948 due to the cancellation of 2,007,000 restricted shares[139]. - The largest shareholder, He Zhenya, holds 62,138,615 shares, accounting for 11.19% of the total shares, with 45,146,728 shares pledged[146]. - The company has a total of 3,868,500 restricted shares from the 2019 stock option and restricted stock incentive plan[143]. Risk Management and Challenges - The company faces industry competition risks, with a need to maintain technological leadership and brand advantages to avoid market share reduction[102]. - The company emphasizes the importance of continuous R&D investment to keep pace with technological advancements and market demands[104]. - The company is closely monitoring international trade tensions and their potential impact on logistics efficiency and transportation costs[108]. - Despite effective control of COVID-19 domestically, localized outbreaks and severe overseas situations may still impact the company's operations and supply chain[110]. - The company is focusing on domestic chip replacement as a key task to mitigate supply chain risks, particularly due to chip shortages[109].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 259,304,932.60, representing a year-on-year increase of 73.70%[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 19,144,704.89, with no applicable percentage change due to the loss[5] - The company's net loss for Q1 2022 was RMB 25,385,149.06, compared to a net loss of RMB 48,781,744.78 in Q1 2021, indicating an improvement in financial performance[19] - Operating profit for Q1 2022 was -20,765,587.47 RMB, a significant improvement from -41,811,874.90 RMB in the same period last year[20] - Total comprehensive income for Q1 2022 was -19,684,314.44 RMB, compared to -42,398,047.40 RMB in Q1 2021, indicating a 53.6% improvement[21] - Cash flow from operating activities for Q1 2022 was -19,543,794.26 RMB, an improvement from -33,500,769.48 RMB in Q1 2021[24] - The basic and diluted earnings per share for Q1 2022 were both -0.034 RMB, compared to -0.074 RMB in Q1 2021[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,625,311,398.62, an increase of 2.71% compared to the end of the previous year[6] - The company's total liabilities increased to RMB 1,737,255,690.30 from RMB 1,648,232,648.05 at the end of 2021, reflecting a rise of 5.4%[17] - The equity attributable to shareholders of the listed company decreased by 2.14% to CNY 875,821,630.97 compared to the end of the previous year[6] - The company's equity attributable to shareholders decreased to RMB 875,821,630.97 from RMB 895,001,307.29 at the end of 2021, a decline of 2.7%[18] Cash Flow and Investments - The net cash flow from operating activities was a negative CNY 19,543,794.26, with no applicable percentage change[5] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 184,595,467.51, an increase from RMB 131,826,874.61 at the end of 2021[15] - The net cash flow from investing activities for Q1 2022 was -11,291,723.13 RMB, compared to -14,350,649.89 RMB in Q1 2021, indicating a reduction in cash outflow[24] - The total cash inflow from financing activities in Q1 2022 was 408,095,689.91 RMB, significantly higher than 168,493,803.60 RMB in Q1 2021[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 107,210[12] - Major shareholder He Zhenya holds 62,138,615 shares, accounting for 11.19% of the total shares, with 40,538,615 shares pledged[12] Revenue and Costs - Total operating costs for Q1 2022 were RMB 284,690,081.66, up 43.6% from RMB 198,022,225.12 in Q1 2021[19] - Revenue from sales of goods and services received in Q1 2022 was 238,028,249.42 RMB, up from 203,160,061.31 RMB in Q1 2021, reflecting an increase of about 17.1%[23] - The increase in operating revenue was primarily due to a more abundant order resource in telecommunications, green travel, and new energy compared to the same period last year[10] Inventory and Receivables - Accounts receivable stood at RMB 737,346,467.51 as of March 31, 2022, slightly up from RMB 731,012,558.97 at the end of 2021[15] - Inventory increased to RMB 464,633,254.05 from RMB 456,004,865.54 at the end of 2021, reflecting a growth of 1.4%[16] Borrowings and Financial Ratios - Short-term borrowings rose significantly to RMB 491,196,354.63 from RMB 281,452,959.64 at the end of 2021, indicating increased leverage[17] - The weighted average return on net assets was -2.19%, a decrease of 1.81 percentage points compared to the previous year[6] - The company reported non-recurring gains and losses totaling CNY 1,204,280.20 after tax[9] - The company reported a foreign exchange loss of -34,971.43 RMB in Q1 2022, compared to a gain of 46,300.43 RMB in Q1 2021[21]

Financial Performance - The company reported a consolidated net profit of -147,310,975.94 RMB for 2021, with a net profit attributable to shareholders of -142,384,471.44 RMB[4]. - Operating revenue decreased by 14.29% to 1,041,933,316.17 RMB in 2021, compared to 1,215,709,742.85 RMB in 2020[19]. - The net cash flow from operating activities significantly dropped by 90.16% to 13,601,737.64 RMB in 2021, down from 138,254,950.37 RMB in 2020[19]. - The company's total assets slightly decreased by 0.23% to 2,555,972,670.81 RMB at the end of 2021, compared to 2,561,747,813.90 RMB at the end of 2020[19]. - The company's net assets attributable to shareholders decreased by 13.74% to 895,001,307.29 RMB at the end of 2021, down from 1,037,514,405.17 RMB at the end of 2020[19]. - The company does not plan to distribute dividends for 2021 due to negative retained earnings, with no cash dividends or stock bonuses proposed[5]. - The basic and diluted earnings per share for 2021 were both -CNY 0.2556, compared to -CNY 0.075 in 2020[20]. - The weighted average return on equity was -17.28% in 2021, a decrease of 13.19 percentage points from -4.09% in 2020[20]. - Operating profit was -¥146,855,969.29, a decline of ¥96,122,098.86 year-on-year[66]. - The company reported a net profit attributable to shareholders of -¥142,384,471.44, a decrease of ¥100,468,739.76 year-on-year[66]. Revenue and Sales - The company's operating revenue for 2021 was CNY 1,041.93 million, a decrease of 14.29% compared to CNY 1,215.71 million in 2020[27]. - Revenue from domestic operations was ¥803,947,483.08, down 16.01% year-on-year[71]. - The company sold 473,051 units of power supplies, a decrease of 2.02% compared to the previous year[73]. - Total revenue decreased by 15.79% to 643,145,767.4 from 763,697,4 in the previous year[75]. - The company's major customers accounted for 31.68% of total annual sales, with no significant reliance on a few customers[76]. Costs and Expenses - The gross profit margin decreased by 1.46% due to rising costs of raw materials and logistics, as well as a shortage of semiconductor components[28]. - Material costs for power products accounted for 86.70% of total costs, down from 88.95% year-on-year, with a decrease of 17.92% in amount[75]. - Sales expenses increased by 9.69% to 192,533,149.20 compared to 175,532,780.69 in the previous year[76]. - The cost of materials in the green travel segment increased by 31.51% year-on-year, with a total of 82,477,486.83[74]. - The company's financial expenses decreased by 4.59% to 50,394,050.21 from 52,817,910.41 in the previous year[77]. Research and Development - Research and development expenses increased by 28.89% to ¥104,414,645.95, attributed to new product development[67]. - The number of R&D personnel is 496, making up 20.59% of the total workforce[79]. - The company has a robust research and development capability, continuously innovating and iterating its products to meet customer demands[59]. - The company is committed to enhancing its research and development capabilities to keep pace with rapid technological changes and maintain core competitiveness[141]. - The company aims to enhance its R&D capabilities by optimizing testing platforms and improving product reliability, aiming for efficient large-scale production of new technologies[136]. Market and Industry Trends - The global 5G market size was approximately USD 53.93 billion in 2020 and is projected to reach USD 123.27 billion by 2025, with a compound annual growth rate of 18%[98]. - The domestic IDC market size reached approximately CNY 298.47 billion in 2021, with a year-on-year growth of 33.3%, and is expected to reach CNY 230 billion in 2022[101]. - The global photovoltaic installation is expected to grow by over 20% in 2022, surpassing 200 GW, with total investment exceeding $170 billion[114]. - The market size for the "small three electric" (onboard power supply business) is projected to reach tens of billions of yuan in 2022, driven by the demand for high-quality onboard power supplies in the new energy vehicle sector[106]. - By 2030, China aims to achieve a target of 2 million hydrogen fuel cell vehicles, with the hydrogen fuel cell vehicle industry expected to exceed 1 trillion yuan in value by 2030[105]. Strategic Initiatives - The company is focusing on strategic partnerships with domestic brands to enhance localization and reduce reliance on imported materials[28]. - The company is expanding its new energy business, particularly in solar energy, by establishing dedicated R&D teams and product lines[28]. - The company aims to improve production efficiency and strengthen cost management to mitigate the impact of rising material costs[28]. - The company is developing a comprehensive energy management system that integrates photovoltaic generation, energy storage, and vehicle-to-grid (V2G) technology, enhancing the efficiency of green travel solutions[56]. - The company plans to deepen its presence in the data communication sector, targeting a top-three market share in the domestic communication power supply business[121]. Corporate Governance and Compliance - The company is committed to maintaining transparency and compliance with regulatory requirements[151]. - The internal control audit report for 2021 received a standard unqualified opinion from the auditing firm, indicating effective internal control implementation[185]. - The company has actively improved its governance structure and complied with relevant laws and regulations during the self-inspection process[185]. - The company has not reported any significant internal control deficiencies during the reporting period[183]. - The company has established a comprehensive training system focusing on enhancing middle management capabilities, covering all director-level managers and key personnel[172]. Employee and Management - The company has a workforce of 2,362 employees, with 762 being technical personnel, representing 32.26% of the total[59]. - The total number of employees in the parent company is 989, while the total number of employees in major subsidiaries is 1,429, resulting in a combined total of 2,418 employees[170]. - The company has implemented a skill-based salary system for R&D personnel, a performance-based salary system for functional personnel, and a fixed salary plus performance bonus system for sales personnel[171]. - The management team has extensive experience in various technology and management roles within the industry[159]. - The company has a long-term incentive plan for core personnel, including an employee stock ownership plan and project bonus system for R&D personnel[171]. Social Responsibility - In 2021, the company supported 120 impoverished households in Jilin Province with an annual aid of 3,000 yuan per household[191]. - The company donated communication power products and smart battery swap cabinets to aid disaster recovery efforts in Zhengzhou[191]. - The company is committed to enhancing its core competitiveness in data communication, green travel, and new energy sectors[190]. - The company aims to become a trusted enterprise with a vision of becoming a "century-old enterprise and brand"[190]. - The company has implemented environmental management standards and aims to achieve sustainable development through clean production and energy-saving projects[189].

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]