Financial Performance - The company reported a half-year revenue of 1.2 billion yuan, representing a year-on-year increase of 15%[3] - Net profit for the first half of 2023 reached 200 million yuan, up 10% compared to the same period last year[3] - The company's operating revenue for the first half of 2023 reached ¥18,249,970,837.56, an increase of 11.81% compared to ¥16,322,522,234.38 in the same period last year[19] - The net profit attributable to shareholders was ¥2,499,336,567.05, reflecting an 18.43% increase from ¥2,110,386,857.08 year-on-year[19] - The basic earnings per share increased to ¥0.31, representing an 18.37% rise from ¥0.26 in the same period last year[20] - The company achieved a year-on-year revenue growth of 5.5% in the first half of 2023, with a total electricity consumption of 4,307.6 billion kWh[36] - The company reported a total revenue for the first half of 2023 reached ¥18,199,705,883.36, representing a year-on-year increase of 11.79%[48] - The gross profit margin improved to 28.45%, an increase of 1.18 percentage points compared to the previous year[47] - The company reported a total of 10,745,250 shares under limited sale conditions[110] - The total comprehensive income for the first half of 2023 was approximately ¥2.66 billion, an increase of 17.77% from ¥2.26 billion in the same period of 2022[131] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2025[3] - Future guidance estimates a revenue growth of 12% for the full year 2023, with a net profit margin target of 18%[3] - The company is exploring potential acquisitions in the energy sector to enhance its technological capabilities and market reach[3] - The company is actively expanding its international business, securing contracts in Brazil, Indonesia, and Chile[43] - The company aims to leverage new technologies to enhance operational efficiency and support the construction of a new power system[62] - The company is focusing on expanding its overseas business and enhancing its capabilities in emerging markets to mitigate industry policy risks[62] Research and Development - The company has allocated 100 million yuan for R&D in advanced technologies, focusing on renewable energy integration[3] - Research and development expenses increased by 23.59% to ¥1,193,363,454.14[45] - The company has established a high-quality R&D team and is implementing a talent reserve project to ensure a stable talent pool for future growth[63] - The company is focusing on digital transformation and has established laboratories for quantum communication, 5G integration, and energy IoT platform technology[31] - The company has made significant advancements in energy storage technology, including high-efficiency conversion technology and large-scale converter cluster control technology[33] Environmental and Social Responsibility - The company reported a procurement amount of 53,357.40 million RMB from State Grid Corporation, accounting for 4.32% of similar transactions[91] - The company has committed to achieving zero-carbon rural clean energy monitoring and has implemented photovoltaic irrigation systems in various villages[80] - The company has donated 1 million yuan to support rural revitalization projects, including the construction of "Electricity Love Classrooms" and drying facilities[80] - The company has implemented pollution prevention measures and established an effective environmental management system, focusing on energy conservation and green development[78] - The company has received ISO 14001:2016 and ISO 50001:2018 certifications for its environmental management systems, ensuring compliance with environmental regulations[76] Financial Position and Assets - The total assets at the end of the reporting period were ¥72,941,048,912.68, a decrease of 4.86% from ¥76,665,557,522.15 at the end of the previous year[19] - The company's total equity increased to CNY 45,550,670,600.94 from CNY 45,358,360,057.24, showing a slight growth of approximately 0.4%[125] - The total liabilities as of June 30, 2023, were CNY 27,390,378,311.74, down from CNY 31,307,197,464.91, representing a reduction of about 12.5%[124] - The company's cash and cash equivalents decreased to CNY 10,452,825,839.19 from CNY 14,743,557,762.16, a decline of about 29.5%[122] - The total assets as of June 30, 2023, were CNY 72,941,048,912.68, down from CNY 76,665,557,522.15, indicating a decrease of about 4.8%[125] Corporate Governance and Compliance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[90] - The company has maintained a good integrity status for both itself and its controlling shareholders during the reporting period[90] - The company has committed to ensuring the independence of its operations, assets, and finances from its parent company, South Grid Group, to protect shareholder interests[86] - The company has not faced any violations or penalties related to its directors, supervisors, or senior management during the reporting period[90] - The company has implemented a risk prevention system for overseas operations, focusing on monitoring key countries' political and economic situations, and adjusting business strategies accordingly[67] Innovation and Technology - The company is a leading provider of integrated solutions in the energy and power sector, leveraging advanced technologies such as big data, cloud computing, and artificial intelligence[23] - The company launched the world's first CLCC converter valve in the Ge Nan DC project, showcasing its technological innovation[42] - The company has developed a new generation of autonomous control devices and achieved significant breakthroughs in key technologies[42] - The company has established measures to reduce related party transactions by prioritizing transactions with third parties under equal conditions[88] - The company emphasizes the importance of innovation and technology development to maintain market competitiveness and adapt to the energy transition[64]

证券代码：600406 证券简称：国电南瑞 公告编号：临2023-039 重要内容提示： 会议召开时间：2023 年 09 月 04 日(星期一)上午 9:00-10:00 会议 召开 地 点： 上海 证 券交 易 所上 证路 演 中心 （ 网址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2023 年 08 月 28 日(星期一) 至 09 月 01 日(星期五)16:00 前登 录上海证券交易所上证路演中心网站首页点击"提问预征集"栏目，或通过公告 中的联系电话、传真和电子邮箱联系公司，提出所关注的问题。公司将在业绩说 明会上对投资者普遍关注的问题进行回答。 国电南瑞科技股份有限公司（以下简称"公司"）拟于 2023 年 8 月 31 日发 布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半 年度经营成果、财务状况，公司计划于 2023 年 09 月 04 日（星期一）上午 9:00-10:00 举行 2023 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 国电南瑞科技股份有限公司 ...

国电南瑞科技股份有限公司 2023 年第二次临时股东大会 会议资料 江苏·南京 二〇二三年八月二十三日 为维护全体股东合法权益，确保股东大会的正常秩序和议事效率，保证股东 大会的顺利进行，根据《中华人民共和国公司法》、《上市公司股东大会规则》、 《国电南瑞科技股份有限公司章程》、《国电南瑞科技股份有限公司股东大会议 事规则》等规定，特制定本须知。 一、为保证本次会议的正常秩序，除出席会议的股东（或股东代表）、董事、 监事、高级管理人员、见证律师以及公司邀请的人员以外，公司有权依法拒绝其 他人员进入会场。 | 会议须知 1 | | --- | | 会议议程 2 | | 审议议案： | | 1．关于公司部分董事变更的议案 3 | | 2．关于公司部分监事变更的议案 4 | 2023 年第二次临时股东大会会议资料 国电南瑞科技股份有限公司 2023 年第二次临时股东大会 会议须知 二、现场出席本次会议的股东（或股东代表）应按照公司在上海证券交易所 网站（www.sse.com.cn）披露的《关于召开 2023 年第二次临时股东大会的通知》 要求，持相关证件于现场会议参会确认登记时间办理登记手续。 三、出席本次会议的 ...

证券代码：600406 证券简称：国电南瑞 公告编号：临 2023-029 １ 国电南瑞科技股份有限公司 关于举办"我是股东，投资者走进国电南瑞"活动情况的公告 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。 国电南瑞科技股份有限公司（以下简称"公司"）联合国盛证券江苏分公司 于 2023 年 6 月 28 日组织了"我是股东，投资者走进国电南瑞"活动，本次活动 旨在拉近中小投资者与上市公司距离，帮助投资者了解企业经营与发展情况，充 分展示上市公司内在价值，现将有关情况公告如下： 一、活动基本情况 （一）会议时间：2023 年 6 月 28 日 （二）会议地点：公司总部（南京市江宁区诚信大道 19 号） （三）参会人员：国盛证券江苏分公司及个人投资者共计 10 人 （四）接待人员：董事会秘书、总会计师方飞龙，公司投关工作人员 二、交流主要问题及回复概要 问题一：国电南瑞覆盖产业链全，充电桩业务如何发力发展？ 回复：随着新能源车渗透率的持续提升，政策层面支持加快建设充电基础设 施，充电桩等相关业务景气度向好。国电南瑞是国内 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥6,195,037,934.49, representing a year-on-year increase of 7.65%[4] - Net profit attributable to shareholders for Q1 2023 was ¥525,713,864.41, reflecting a significant increase of 38.68% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥464,495,381.30, which is up by 29.28% year-on-year[4] - The basic earnings per share for Q1 2023 was ¥0.08, an increase of 38.40% compared to the previous year[6] - The diluted earnings per share also stood at ¥0.08, marking a 39.08% increase year-on-year[6] - The weighted average return on equity was 1.23%, an increase of 0.3 percentage points compared to the previous year[6] - Total operating revenue for Q1 2023 was CNY 6,195,037,934.49, an increase of 7.67% compared to CNY 5,754,792,012.74 in Q1 2022[18] - Net profit for Q1 2023 reached CNY 531,372,817.55, representing a 35.8% increase from CNY 391,617,511.23 in Q1 2022[19] - The company reported a total comprehensive income of CNY 548,406,421.15 for Q1 2023, compared to CNY 390,447,019.66 in Q1 2022, an increase of 40.5%[20] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥73,971,353,145.35, a decrease of 3.51% from the end of the previous year[6] - As of March 31, 2023, the total assets of NARI amounted to approximately RMB 73.97 billion, a decrease from RMB 76.67 billion at the end of 2022, representing a decline of about 3.5%[14][15] - The company's cash and cash equivalents decreased to RMB 12.48 billion from RMB 14.74 billion, a reduction of approximately 15.3%[14] - Accounts receivable stood at RMB 21.79 billion, down from RMB 22.74 billion, indicating a decrease of about 4.2%[14] - The company's total liabilities decreased to CNY 27,954,089,451.94 in Q1 2023 from CNY 31,307,197,464.91 in Q1 2022, a reduction of approximately 10.5%[17] - The total current liabilities decreased to RMB 24.67 billion from RMB 26.09 billion, indicating a reduction of approximately 5.4%[15] Cash Flow - The net cash flow from operating activities was negative at -¥2,027,895,648.83, indicating increased cash payments for goods and services[6] - The company reported cash flow from operating activities showed improvement, contributing positively to the overall financial health in Q1 2023[19] - In Q1 2023, the cash inflow from operating activities was CNY 8,588,916,876.02, an increase of 5.9% compared to CNY 8,108,513,111.80 in Q1 2022[21] - The net cash outflow from operating activities was CNY -2,027,895,648.83, worsening from CNY -1,385,072,391.32 in the same period last year[21] - The cash inflow from investment activities totaled CNY 1,761,723,136.47, up from CNY 1,341,461,884.32 in Q1 2022[22] - The cash inflow from financing activities was CNY 38,413,300.00, significantly lower than CNY 713,524,104.00 in Q1 2022[22] Shareholder Information - The equity attributable to shareholders increased to ¥43,116,551,412.69, up by 1.53% from the previous year[6] - NARI's major shareholder, NARI Group, holds 51.48% of the shares, indicating a strong control over the company[12] - The total equity attributable to shareholders increased to CNY 43,116,551,412.69 in Q1 2023, up from CNY 42,466,099,217.30 in Q1 2022, reflecting a growth of 1.53%[17] Research and Development - Research and development expenses in Q1 2023 amounted to CNY 603,999,970.55, compared to CNY 466,426,264.56 in Q1 2022, indicating a significant increase of 29.5%[18] Future Plans - The company plans to continue focusing on market expansion and new technology development in the upcoming quarters[12] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[19] Stock and Share Repurchase - The company repurchased and canceled 346,125 shares of restricted stock from 14 individuals, which were not compliant with the incentive plan regulations[13] - A total of 13,153,531 shares were released from restrictions for 942 eligible participants under the 2018 incentive plan[13]

Financial Performance - The company's operating revenue for 2022 was ¥46,828,962,926.94, representing a 10.42% increase from ¥42,411,007,392.46 in 2021[20]. - The net profit attributable to shareholders for 2022 was ¥6,446,181,151.11, an increase of 14.24% compared to ¥5,642,448,311.81 in 2021[20]. - The net cash flow from operating activities reached ¥8,759,962,599.71, showing a significant increase of 87.55% from ¥4,670,773,603.37 in 2021[20]. - The total assets at the end of 2022 were ¥76,665,557,522.15, a 5.41% increase from ¥72,732,951,414.38 at the end of 2021[22]. - The net assets attributable to shareholders increased by 11.76% to ¥42,466,099,217.30 from ¥37,996,904,562.13 in 2021[22]. - The company reported a net profit excluding non-recurring gains and losses of ¥6,293,844,949.29, up 13.83% from ¥5,529,087,237.95 in 2021[20]. - The total share capital increased by 20.73% to ¥6,694,849,118.00 from ¥5,545,436,888.00 in 2021[22]. - The company's total revenue for the reporting period reached ¥46.83 billion, representing a year-on-year increase of 10.42% compared to ¥42.41 billion in the previous year[54]. - Operating costs increased to ¥34.16 billion, up 10.17% from ¥31.01 billion in the previous year[54]. - The gross profit margin for the electrical equipment manufacturing sector was 26.97%, reflecting a slight increase of 0.18 percentage points year-on-year[57]. Dividend and Profit Distribution - As of December 31, 2022, the company's undistributed profits amounted to CNY 25.90 billion, with a capital reserve of CNY 8.95 billion[5]. - The proposed cash dividend is CNY 3.9 per 10 shares (including tax), resulting in a total cash dividend distribution of CNY 2.61 billion, representing a cash dividend payout ratio of 40.50%[5]. - The company has a clear and stable cash dividend policy in place, ensuring compliance with regulations and protection of minority shareholders' rights[155]. - In 2022, the company distributed a cash dividend of 3.9 RMB per 10 shares, amounting to 2,610,856,167.27 RMB, which is 40.50% of the consolidated net profit attributable to shareholders[156]. Research and Development - Research and development investment totaled 3.125 billion yuan, accounting for 6.67% of total revenue[29]. - The company was granted 434 patents in 2022, including 403 invention patents[29]. - The company reported a significant increase in R&D expenses, totaling ¥2.38 billion, which is a 10.55% rise from ¥2.15 billion in the previous year[54]. - The company’s R&D personnel accounted for 32.32% of the total workforce, with a total of 3,388 R&D staff[70]. - The company is focused on enhancing its research and development capabilities in power automation technologies[121]. Market Expansion and Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and innovations[18]. - The company aims to improve operational efficiency and financial performance through strategic initiatives and potential mergers and acquisitions[18]. - Future strategies include expanding market presence and exploring potential mergers and acquisitions to strengthen competitive positioning[121]. - The company plans to achieve a revenue of 51.6 billion yuan in 2023, representing a year-on-year growth of 10%[95]. - The company is focusing on expanding its market presence, particularly in high-voltage projects and digital energy services[95]. Risk Management and Compliance - The company faces several risks, including industry policy risk, talent risk, product technology innovation risk, intellectual property risk, and overseas operation risk[8]. - The company has not encountered any violations in decision-making procedures regarding external guarantees[7]. - The company has maintained compliance with its internal control systems and related transaction management[182]. - The company has not faced any penalties from securities regulatory agencies in the past three years[135]. Corporate Governance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal requirements and diligent performance of duties[108]. - The company held 11 board meetings during the reporting period, ensuring compliance with legal regulations and internal rules[109]. - The supervisory board, consisting of 6 members, conducted 10 meetings, maintaining oversight on financial status and compliance of management actions[110]. - The company implemented a performance evaluation system linking executive compensation to business performance, enhancing motivation among core personnel[111]. - The company’s independent directors hold two-thirds of the positions in various committees, enhancing professional governance[109]. Social Responsibility and Environmental Initiatives - The company has been actively fulfilling its social responsibility by publishing its ESG report for the first time in 2022, continuing its commitment since 2012[175]. - The company is involved in rural revitalization projects, including a photovoltaic power station that is expected to create 200 jobs and increase local income[177]. - The company has independently developed a carbon management system that has received TÜV Süd certification[172]. - The company has established an environmental protection mechanism and complies with relevant environmental laws and regulations[167]. - The company has been recognized as a "garden-style unit" for its efforts in ecological and environmental protection[169]. Financial Stability and Investments - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[188]. - The company has no bankruptcy reorganization matters, indicating financial stability[187]. - The company has a continuous audit service period of 1 year with the appointed auditors, ensuring consistency in financial reporting[185]. - The company reported a total deposit interest income of RMB 27.07 million during the reporting period, with an average daily deposit balance of RMB 1.611 billion[196]. - The company has a capital loan of RMB 1,200 million from NARI Group, which is expected to be converted into equity investment upon future capital increase[194].

| 证券代码：600406 | 证券简称：国电南瑞 公告编号：临2023-013 | | --- | --- | | 债券代码：163577 | 债券简称：20 南瑞 01 | 国电南瑞科技股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 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。 重要内容提示： 会议召开时间： 2023 年 05 月 05 日(星期五) 下午 14:00-15:30 网 络 直 播 地 址 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：现场交流、视频直播和网络文字互动 投资者可于 2023 年 04 月 25 日(星期二) 至 05 月 04 日(星期四)16:00 前登 录上海证券交易所上证路演中心网站首页点击"提问预征集"栏目，或通过公告 中的联系电话、传真和电子邮箱联系公司，提出所关注的问题。公司将在业绩说 明会上对投资者普遍关注的问题进行回答。 国电南瑞科技股份有限公 ...

Financial Performance - The company reported a half-year revenue of 400 million CNY, reflecting a year-on-year increase of 5%[8]. - The net profit for the first half of 2022 was 50 million CNY, representing a growth of 10% compared to the same period last year[8]. - The company's operating revenue for the first half of 2022 was ¥16,322,522,234.38, representing a 10.26% increase compared to ¥14,803,960,398.63 in the same period last year[13]. - The net profit attributable to shareholders for the first half of 2022 was ¥2,110,386,857.08, up 14.46% from ¥1,843,741,793.33 year-on-year[13]. - The net cash flow from operating activities was ¥574,356,490.49, a significant recovery from a negative cash flow of -¥1,604,400,159.15 in the previous year[13]. - The company reported a basic earnings per share of ¥0.32 for the first half of 2022, an increase of 13.71% compared to ¥0.28 in the same period last year[14]. - The company achieved operating revenue of 16.323 billion yuan, a year-on-year increase of 10.26%[36]. - The net profit attributable to shareholders reached 2.11 billion yuan, reflecting a year-on-year growth of 14.46%[36]. - The company reported a total profit of ¥2,692,298,585.41 for the first half of 2022, compared to ¥2,306,251,734.85 in the previous year, reflecting a growth of 16.7%[125]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2025[8]. - The company is focusing on the development of new energy systems and has increased investment in major technological breakthroughs to support the construction of a new power system[18]. - The company is actively transforming its business model to include engineering general contracting, operation and maintenance services, and equipment leasing to cultivate new profit growth points[28]. - The company plans to enhance market expansion efforts, focusing on customer value creation and increasing market scale in the second half of the year[41]. - The company is actively involved in 3 key provincial-level projects related to blockchain technology for the unified electricity market[36]. Research and Development - The company has allocated 100 million CNY for research and development in innovative technologies for the upcoming fiscal year[8]. - Research and development expenses rose by 11.17% to approximately ¥965.57 million, compared to ¥868.53 million in the previous year[43]. - The company has established laboratories focusing on information security, wireless communication, and quantum communication, playing a crucial role in the digital transformation of the energy sector[25]. - The company has achieved significant research breakthroughs and holds numerous core technologies and intellectual property rights in the field of power system automation[19]. - The company is committed to protecting its intellectual property rights through various legal measures and proactive patent management[65]. Financial Stability and Investments - The company maintains a strong cash position with 200 million CNY in liquid assets, ensuring financial stability for future investments[8]. - The company has no plans for major acquisitions in the near term but is exploring strategic partnerships to enhance its technology offerings[8]. - The company reported a significant reduction in trading financial assets, totaling ¥601,897,780.82, down 55.06% year-on-year, mainly due to a decrease in structured deposits held[48]. - The company’s total liabilities decreased to ¥16,793,072,851.51 from ¥18,751,669,263.17, a reduction of approximately 10.4%[123]. - The company’s total bond balance is 1 billion RMB with an interest rate of 2.58%[113]. Operational Efficiency - The management highlighted a 30% increase in user data analytics capabilities, enhancing customer engagement and service delivery[8]. - The company is committed to improving operational management and cost control to promote high-quality development[41]. - The company increased its accounts receivable turnover rate and inventory turnover rate by 0.02 times and 0.11 times, respectively[40]. - Operating costs increased to approximately ¥11.86 billion, up 10.28% from ¥10.75 billion in the same period last year[42]. Corporate Governance and Compliance - The company has committed to minimizing related party transactions post-transaction completion, except for those necessary for the operation of the domestic power grid[78]. - The company will ensure complete separation in personnel, assets, business, organization, and finance from its controlling entities to protect shareholder interests[80]. - The company has a long-term commitment to comply with regulations regarding related party transactions[82]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[84]. Subsidiary Performance - The net profit of Nanjing Nari Smart Electric Co., Ltd. reached CNY 464,658,600.14, contributing significantly to the overall profit of the company[58]. - Nanjing Nari Information Communication Technology Co., Ltd. reported a net profit of CNY 304,252,742.14, indicating strong performance in power production management and related services[59]. - The total assets of Nanjing Nari Electric Protection Co., Ltd. amounted to CNY 9,746,253,370.02, showcasing its substantial market presence[58]. - The company’s subsidiary, Nanjing Nari Water Conservancy and Hydropower Technology Co., Ltd., reported a net profit of CNY 53,563,358.72, contributing to the overall financial health[59]. Shareholder Information - The largest shareholder, NARI Group, holds 3,446,303,505 shares, representing 51.48% of total shares[102]. - The total number of shares held by the top ten shareholders is 4,052,000,000, accounting for a significant portion of the company's equity[103]. - The company has a total of 13,324,927 restricted shares from the 2018 incentive plan, which will become tradable after 48 months from the grant date[106]. - The company’s total outstanding shares before the changes were 5,545,436,888 shares, with 99.39% being unrestricted shares[97]. Environmental and Social Responsibility - The company invested 1.3451 million yuan in environmental protection measures during the first half of 2022[72]. - The company provided 1 million yuan in support for poverty alleviation efforts in Jiangsu Province in 2022[76]. - The company is actively promoting rural electrification projects in Shandong and Anhui to improve energy efficiency and economic benefits for farmers[77]. Risk Management - Risks identified include potential regulatory changes that could impact operations, with a focus on compliance strategies to mitigate these risks[3]. - The company is expanding its overseas business while implementing risk management strategies to mitigate international operational risks[66].

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,754,792,012.74, representing a year-on-year increase of 16.95%[2] - The net profit attributable to shareholders for Q1 2022 was ¥379,084,849.02, showing an impressive growth of 88.37% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥359,290,152.70, which is an increase of 107.80% year-on-year[2] - The basic earnings per share for Q1 2022 was ¥0.07, reflecting an increase of 87.98% compared to the previous year[3] - The diluted earnings per share for Q1 2022 was also ¥0.07, with an increase of 88.10% year-on-year[3] - The weighted average return on equity for Q1 2022 was 0.93%, an increase of 0.34 percentage points compared to the previous year[3] - Operating profit for Q1 2022 was ¥485,195,296.20, up 91.3% from ¥253,442,845.49 in Q1 2021[18] - Total comprehensive income for Q1 2022 was ¥390,447,019.66, compared to ¥218,614,034.54 in Q1 2021, reflecting a significant increase[19] - Basic and diluted earnings per share for Q1 2022 were both ¥0.07, up from ¥0.04 in Q1 2021[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥69,951,516,336.03, a decrease of 3.82% from the end of the previous year[3] - As of March 31, 2022, the company's total assets amounted to ¥69,951,516,336.03, a decrease from ¥72,732,951,414.38 at the end of 2021, reflecting a decline of approximately 3.9%[12][15] - The company's cash and cash equivalents decreased to ¥11,049,724,297.39 from ¥12,508,960,927.62, representing a decline of about 11.6% year-over-year[12] - Accounts receivable stood at ¥19,643,196,938.94, down from ¥20,099,060,883.41, indicating a decrease of approximately 2.3%[12] - Inventory increased significantly to ¥9,142,558,567.25 from ¥7,867,811,299.45, marking an increase of around 16.2%[12] - Total current liabilities decreased to ¥27,181,496,158.97 from ¥30,480,851,316.59, a reduction of about 10.4%[14] - The company's total equity rose to ¥41,056,482,644.18 from ¥40,542,444,870.72, reflecting an increase of approximately 1.3%[15] - The company's retained earnings reached ¥22,336,342,034.21, up from ¥21,957,257,185.19, indicating an increase of approximately 1.7%[15] Cash Flow - The net cash flow from operating activities for Q1 2022 was -¥1,385,072,391.32, indicating a significant cash outflow[2] - Cash flow from operating activities showed a net outflow of ¥1,385,072,391.32, compared to a net outflow of ¥1,163,216,437.86 in Q1 2021[20] - The net cash flow from investing activities was $295,360,069.74, a significant improvement from a net outflow of $172,546,385.31 in the previous year[21] - Total cash inflow from financing activities was $713,524,104.00, compared to $5,000,000.00 in the same quarter last year[21] - The net cash flow from financing activities showed a decrease of $364,085,450.72, improving from a larger outflow of $1,169,775,237.97 in the previous year[21] - The ending balance of cash and cash equivalents was $10,915,254,136.88, up from $9,347,139,689.44 year-over-year[22] - Cash inflow from investment activities totaled $1,341,461,884.32, slightly higher than $1,304,219,375.08 in the previous year[21] - Cash outflow for the acquisition of fixed assets was $401,101,814.58, significantly lower than $969,765,760.39 in the same quarter last year[21] - The company reported a total cash outflow from financing activities of $1,077,609,554.72, down from $1,174,775,237.97 in the previous year[21] Research and Development - Research and development expenses increased to ¥466,426,264.56, up 8.0% from ¥431,876,518.05 in Q1 2021[17] Stock Incentive Plan - The number of shares released from the 2018 stock incentive plan was 11,192,011 shares, benefiting 962 eligible participants[11] - The company repurchased and canceled 252,949 shares from 16 individuals who did not meet the criteria of the stock incentive plan[11] Other Income and Expenses - Other income for Q1 2022 amounted to ¥101,724,052.68, compared to ¥92,351,628.11 in Q1 2021[17] - The company reported a decrease in tax and additional charges to ¥29,733,287.31 from ¥30,336,854.16 in Q1 2021[17] - Total operating costs for Q1 2022 were ¥5,474,163,553.82, an increase of 12.2% from ¥4,878,570,445.83 in Q1 2021[17] - The growth in net profit is primarily attributed to the increase in the company's grid automation and industrial control, as well as power automation information communication business[7]