Financial Performance - The company's available distributable profit for 2020 was CNY 119,433,540.5, with a retained loss from the previous year of CNY -280,855,780.09, resulting in a year-end retained profit of CNY -161,422,239.59[6] - The company will not distribute profits or increase capital reserves for the year 2020, in accordance with the Company Law and the Articles of Association[6] - The company's operating revenue for 2020 reached ¥2,545,775,967, representing a 22.41% increase compared to ¥2,079,700,166 in 2019[25] - The net profit attributable to shareholders was ¥55,469,413, a significant recovery from a loss of ¥357,881,276 in 2019[25] - The net cash flow from operating activities surged to ¥491,109,994, up 1,853.31% from ¥25,142,404 in the previous year[25] - The total assets decreased by 4.09% to ¥6,149,025,376.63 from ¥6,411,333,381.04 in 2019[25] - The company's basic earnings per share improved to ¥0.034 from a loss of ¥0.228 in 2019[25] - The company reported a significant increase in other income, which rose by 467.77% to ¥210,484,477.45 due to government subsidies[27] - The company reported a non-recurring gain of ¥219,403,217.64 in 2020, compared to ¥166,557,596.79 in 2019, indicating a significant increase[35] - The company achieved a revenue of 2.546 billion yuan in 2020, representing a year-on-year growth of 22.41%[59] - The net profit attributable to shareholders reached 55.47 million yuan, marking a turnaround from losses in the previous year[59] Investments and R&D - Research and development expenses increased by 15.54% to ¥77,040,371.80, reflecting a focus on innovation[27] - The total research and development investment reached 88,638,865.93 yuan, representing 3.48% of the operating income[84] - The company secured 716 patents during the reporting period, a 15.7% increase from the previous year, with 421 related to advanced power batteries and materials[54] - The company’s total capitalized R&D investment was 53,396,367.03 yuan, with capitalized R&D accounting for 60.24% of total R&D expenditures[84] Market Position and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28] - The company anticipates continued growth in the consumer electronics market, driven by the demand for lithium-ion batteries in various applications[45] - The company is focused on expanding its market presence and enhancing its product offerings in the energy-saving and new energy sectors[38] - The company is actively developing a new generation of hybrid system assemblies, targeting improved performance and reduced costs compared to previous models[65] - The company aims to increase the production capacity of nickel-hydride batteries to 480,000 sets per year to meet the growing demand from Toyota's electrification strategy[127] - The company plans to enhance its lithium battery product development and expand its market share in consumer lithium batteries, focusing on electric two-wheelers and smart home applications[127] Environmental Compliance and Initiatives - The company operates a wastewater discharge system with COD emissions at 23 mg/L, well below the limit of 400 mg/L[167] - The company has implemented pollution control facilities that are regularly maintained and inspected to ensure compliance with environmental standards[174] - The company is committed to maintaining its environmental governance equipment in normal operation throughout the year, ensuring compliance with discharge standards[187] - The company conducted daily monitoring of pollutant emissions and engaged professional testing agencies for comprehensive environmental assessments, with no instances of exceeding pollutant discharge standards reported[185] - The company plans to enhance environmental awareness among all employees and continue to strengthen training and emergency response drills in 2021[187] Corporate Governance and Compliance - The company has received a standard unqualified audit report from Da Xin Certified Public Accountants[5] - There are no non-operating fund occupations by controlling shareholders or related parties reported[8] - The company has not violated decision-making procedures for external guarantees[8] - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the annual report[8] - The company has not reported any significant related party transactions during the reporting period[159] - The company maintained good integrity status, with no unfulfilled court judgments or significant overdue debts[153] Shareholder Information - The total number of ordinary shares increased to 1,653,281,386 shares, with a significant issuance of 134,444,823 shares to Shanghai Huapu Automobile Co., Ltd. and 49,149,883 shares to Zhejiang Geely Holding Group Co., Ltd. for asset acquisition[195] - The proportion of limited sale condition shares decreased from 11.10% to 2.97%, while the proportion of unrestricted circulating shares increased from 88.90% to 97.03%[192] - The largest shareholder, Hunan Keli Yuan High Technology Group Co., Ltd., reduced its holdings by 27,178,580 shares, holding 220,819,600 shares, representing 13.36%[200] - The company reported no changes in the number of shares held by the top ten shareholders, with the largest shareholder's stake being 13.36%[200]

2020 年第三季度报告 公司代码：600478 公司简称：科力远 湖南科力远新能源股份有限公司 2020 年第三季度报告 1 / 31 2020 年第三季度报告 一、 重要提示......................................................... 3 二、 公司基本情况..................................................... 3 三、 重要事项......................................................... 7 四、 附录............................................................ 11 目录 2 / 31 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 2.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 2.2 公司全体董事出席董事会审议季度报告。 2.3 公司负责人钟发平、主管 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥989,022,341.59, representing a 23.73% increase compared to ¥799,351,877.36 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥95,906,106.18, an improvement from -¥133,154,432.83 in the previous year[20]. - The net cash flow from operating activities was ¥122,552,503.78, a significant recovery from -¥5,380,525.29 in the same period last year[20]. - Revenue for the current period reached ¥989,022,341.59, an increase of 23.73% compared to ¥799,351,877.36 in the same period last year, primarily driven by increased sales in consumer batteries, power batteries, and electrode materials[23]. - Operating costs increased to ¥857,742,504.27, up 21.46% from ¥706,197,965.20, reflecting the rise in sales volume of consumer and power batteries[23]. - The company reported a net loss of ¥100,823,869.18 for the first half of 2020, compared to a net loss of ¥164,930,570.19 in the same period of 2019, showing an improvement[179]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,168,665,136.37, down 3.78% from ¥6,411,333,381.04 at the end of the previous year[20]. - The total liabilities decreased to approximately CNY 3.25 billion, down 4.3% from CNY 3.39 billion at the end of 2019[167]. - The total equity attributable to shareholders decreased to approximately CNY 2.42 billion, down 3.7% from CNY 2.51 billion at the end of 2019[167]. - The company's long-term investments increased to approximately CNY 601.45 million, up 42.4% from CNY 422.68 million at the end of 2019[165]. - The company's total non-current assets increased to approximately CNY 4.67 billion, up 3.7% from CNY 4.50 billion at the end of 2019[165]. Cash Flow - The company’s financing activities resulted in a net cash outflow of ¥72,285,962.11, a 163.97% decrease compared to the previous year[72]. - Cash inflow from operating activities totaled 1,175,708,834.72 RMB, compared to 867,690,193.64 RMB in the previous period, marking an increase of approximately 35.4%[194]. - The ending cash and cash equivalents balance was $449,061,756.27, a decrease from $922,277,642.08 at the end of the previous period[196]. Research and Development - Research and development expenses decreased by 55.02% to ¥29,440,093.09 from ¥65,447,316.45, primarily due to changes in accounting treatment for R&D costs[25]. - The company is actively engaged in research and development of new technologies, particularly in the field of automotive power batteries[88]. - As of June 2020, the company holds 628 authorized patents, including 228 invention patents, which support ongoing research and innovation[59]. Market and Sales - The company plans to expand its market presence in the energy storage and new energy sectors, focusing on advanced battery materials and systems[30]. - The sales revenue from HEV vehicle batteries reached 789 million yuan, with a year-on-year increase of 27.25%[67]. - The company plans to expand production capacity to 480,000 sets per year by June 2021, driven by the growing demand for Toyota's hybrid vehicles[55]. Environmental Compliance - The company has no significant environmental violations reported in the first half of 2020[112]. - The company has maintained compliance with pollution discharge standards across various pollutants[112]. - The company reported a total nitrogen discharge of 2.04 mg/L, significantly below the limit of 40 mg/L[116]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 51,450[145]. - Geely Technology held 49,149,883 shares with a lock-up period ending on April 3, 2022[148]. - The top ten shareholders included Hunan Keli Yuan High-Tech Group with 237,329,700 shares, representing 14.36% of total shares[148].

Financial Performance - Net profit attributable to shareholders of the listed company was CNY -39,167,121.47, showing an improvement from CNY -45,346,312.91 in the same period last year[18] - Operating revenue for the period was CNY 299,184,892.60, a decline of 14.42% year-on-year[18] - The basic earnings per share were CNY -0.024, an improvement from CNY -0.031 in the same period last year[18] - The company experienced a loss of CNY -11,049,294.00 due to the impact of the pandemic in the first quarter[22] - Net loss for Q1 2020 was CNY 47,560,975.24, compared to a net loss of CNY 76,127,526.31 in Q1 2019, representing an improvement of 37.5%[53] - The total comprehensive loss for Q1 2020 was CNY 43,303,691.96, compared to CNY 79,094,373.77 in Q1 2019, indicating a reduction of 45.3%[53] Cash Flow - Net cash flow from operating activities increased significantly to CNY 157,103,590.35, up 983.25% compared to CNY 14,503,045.86 in the previous year[18] - Cash flow from operating activities for Q1 2020 was CNY 157,103,590.35, significantly improved from CNY 14,503,045.86 in Q1 2019[63] - Total cash outflow from operating activities in Q1 2020 was CNY 379,531,925.89, compared to CNY 422,948,151.71 in Q1 2019, showing a reduction of approximately 10.3%[63] - The net cash flow from operating activities for Q1 2020 was -11,926,541.81 RMB, an improvement from -14,646,481.06 RMB in Q1 2019[65] - Cash and cash equivalents at the end of Q1 2020 totaled CNY 472,426,823.28, down from CNY 921,149,047.33 at the end of Q1 2019, a decrease of approximately 48.7%[63] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,243,004,481.43, a decrease of 2.63% compared to the end of the previous year[18] - The company’s total liabilities decreased by 2.28% to ¥977,016,669.63 from ¥999,860,967.51, primarily due to repayments of due financing leases[30] - Total liabilities decreased from ¥3,394,765,521.93 to ¥3,269,740,314.28, a decline of about 3.68%[41] - Total current assets as of March 31, 2020, were ¥1,503,733,647.58, down from ¥1,909,414,288.45 as of December 31, 2019[36] - The total assets as of Q1 2020 were 6,411,333,381.04 RMB, remaining stable compared to the previous year[69] Shareholder Information - The total number of shareholders at the end of the reporting period was 55,556[25] - The largest shareholder, Hunan Keli Yuan High-tech Group Co., Ltd., held 14.36% of the shares, amounting to 237,329,700 shares[25] Government Subsidies and Other Income - The company reported a government subsidy recognized in the current period amounting to CNY 15,602,745.23[21] - The company reported other income of ¥15,670,217.19 in Q1 2020, a significant increase of 186.45% compared to ¥5,470,579.21 in Q1 2019, mainly due to government subsidies[30] Investment and Equity - Long-term equity investments increased by 56.70% to ¥662,332,731.40 from ¥422,678,659.69, primarily due to additional investments in associated companies[30] - Total equity reached approximately $3.02 billion, with total assets amounting to around $6.41 billion[72] - The company reported a negative retained earnings of approximately -$516.45 million, indicating accumulated losses[72] Operating Costs and Expenses - Operating costs decreased by 15.41% to ¥265,394,338.59 from ¥313,750,056.78, reflecting the reduction in revenue[30] - Research and development expenses increased to CNY 13,341,157.91 in Q1 2020, up 130.0% from CNY 5,785,965.06 in Q1 2019[51] - The company’s management expenses for Q1 2020 were CNY 3,940,134.62, down from CNY 8,759,956.75 in Q1 2019, reflecting a decrease of about 55.1%[58] Financial Position - The company reported a financial expense of CNY 15,121,954.96 in Q1 2020, up from CNY 12,610,149.30 in Q1 2019, indicating an increase of approximately 19.9%[58] - Long-term borrowings slightly decreased from ¥362,475,423.07 to ¥361,146,664.00, a reduction of about 0.37%[41] - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[75]

Financial Performance - The company's net profit attributable to shareholders for 2019 was -357,881,276.90 RMB, resulting in a cumulative undistributed profit of -516,450,581.26 RMB by the end of 2019[7]. - The board of directors proposed no profit distribution for 2019 due to the negative cumulative undistributed profit, in accordance with the Company Law and the Articles of Association[7]. - The company's operating revenue for 2019 was $2,079,700,166.26, representing a year-over-year increase of 9.88% compared to $1,892,632,403.82 in 2018[27]. - The net profit attributable to shareholders of the listed company was -$357,881,276.90 in 2019, a significant decline from a profit of $21,720,705.01 in 2018[27]. - The net cash flow from operating activities improved to $25,142,404.60 in 2019, compared to a negative cash flow of -$50,716,975.12 in 2018[27]. - The company's total assets increased slightly by 0.98% to $6,411,333,381.04 in 2019 from $6,349,008,097.65 in 2018[27]. - The basic earnings per share for 2019 was -0.228 yuan, a decrease of 1,620% from 0.015 yuan in 2018[28]. - The weighted average return on equity dropped to -18.59% in 2019, down 19.62 percentage points from 1.03% in 2018[28]. - The company reported a net cash flow from operating activities of CNY 25,142.40 million, a significant improvement from a negative cash flow of CNY 50,716.98 million in the previous year[97]. - The net profit attributable to the parent company was a loss of CNY 35,788.13 million[94]. Investments and R&D - Research and development expenses surged by 158.02% to $66,676,120.62 in 2019, compared to $25,841,170.49 in 2018, reflecting increased investment in technology[31]. - Research and development expenses increased by 158.02% to CNY 66,676.12 million compared to the previous year[97]. - The number of R&D personnel is 603, representing 20.91% of the total workforce[2]. - The company plans to accelerate the industrialization of fuel cell technology and establish strategic partnerships with downstream hydrogen fuel cell stack enterprises[93]. Market and Industry Trends - The company operates in the energy-saving and new energy vehicle sector, focusing on battery materials, batteries, and hybrid system technology services[47]. - The hybrid vehicle market is expected to grow due to supportive government policies and increasing consumer acceptance of hybrid technology[52]. - The government has implemented multiple policies to support energy-saving vehicles, which is beneficial for the hybrid vehicle industry[53]. - The proportion of new energy vehicle credits required will increase to 14%, 16%, and 18% for the years 2021, 2022, and 2023 respectively, creating new pressure for automakers[57]. - The market share of HEVs rose from 23% in 2017 to 29% in 2019, while the share of EVs declined from 64% to 55% during the same period[64]. - The annual growth rate of HEV sales reached 39.5%, indicating strong demand despite overall market declines[69]. Production and Capacity - The company plans to expand production capacity to 480,000 sets per year by June 2021, driven by increased demand from Toyota's HEV supply chain[73]. - The company’s HEV foam nickel production line achieved full-load production in 2019, with sales volume reaching 2.88 million square meters, resulting in a 13% year-on-year revenue increase[81]. - The company’s CHS platform has completed product platform construction for passenger cars, light commercial vehicles, and heavy-duty trucks, with successful commercialization of hybrid technology[88]. Environmental Compliance - The company has established pollution control facilities, including a wastewater treatment plant and dust collection system, both operational since November 2012, ensuring compliance with environmental standards[177]. - The company reported no instances of exceeding pollution discharge limits for key pollutants such as COD, ammonia nitrogen, and total nickel[171]. - The company has implemented strict environmental protection measures, ensuring compliance with the Environmental Protection Law and achieving stable pollutant discharge standards[185]. - The company has established a comprehensive environmental monitoring system, conducting daily monitoring of pollutant emissions and regular inspections by professional agencies[185]. Corporate Governance and Compliance - The company received a standard unqualified audit report from Da Xin Accounting Firm, ensuring the accuracy and completeness of the financial report[6]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[9]. - The company has not provided any guarantees in violation of regulatory decision-making procedures[9]. - The company has no significant litigation or arbitration matters during the reporting period[154]. - The company has no major contracts or leasing matters affecting its financial performance[161]. Shareholder and Capital Management - The company issued new shares, increasing its capital reserve by 72.88% to $1,405,634,285.28 in 2019, compared to $813,051,333.69 in 2018[33]. - The total number of ordinary shares increased from 1,469,686,680 to 1,653,281,386 shares, reflecting an increase of 183,594,706 shares due to the issuance for asset acquisition[194]. - The company repurchased a total of 6,259,470 shares, accounting for 0.38% of the total share capital, with a total expenditure of approximately RMB 24.22 million, at a maximum price of RMB 4.19 per share[168].

Financial Performance - Operating revenue for the first nine months was ¥1,376,023,466.71, representing a year-on-year increase of 9.32%[17] - Net profit attributable to shareholders of the listed company was -¥196,580,144.75, a significant decrease of 5,479.74% compared to the same period last year[17] - Basic and diluted earnings per share were both -¥0.119, a decrease of 6,050% compared to the previous year[19] - Net profit for the first three quarters of 2019 was CNY -236,072,570.44, compared to CNY -186,200,571.91 in the same period of 2018, indicating a deeper loss[59] - The company reported a net profit of -68,574,049.89, compared to a net profit of 85,677,357.30 in the previous period, indicating a significant decline[63] - The company's total profit was -66,340,714.82, compared to a profit of 118,464,558.53 in the previous period, highlighting a significant loss[63] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,416,699,941.14, an increase of 1.07% compared to the end of the previous year[17] - The total liabilities of the company as of September 30, 2019, were CNY 3,219,064,633.47, compared to CNY 2,893,095,793.07 in the previous year, indicating an increase of approximately 11.3%[50] - The company's total equity decreased to CNY 3,197,635,307.67 from CNY 3,455,912,304.58 year-over-year, reflecting a decline of about 7.4%[50] - The company's intangible assets decreased by 6.40% to ¥1,197,626,585.28, primarily due to amortization of technology and proprietary rights[32] - Long-term borrowings rose to CNY 505,979,998.00 from CNY 395,333,332.00, reflecting an increase of approximately 28.1%[50] Cash Flow - Cash flow from operating activities for the first nine months was -¥24,108,792.23, compared to -¥540,127.72 in the same period last year[17] - Total cash inflow from operating activities is 1,631,321,139.06, up from 1,249,340,078.62 year-over-year[78] - The cash balance at the end of the period is 619,873,224.93, down from 1,115,954,092.40 at the end of the previous year[80] - The net cash flow from financing activities was -$664.09 million, compared to -$428.19 million in the previous period, indicating increased cash outflows[82] Shareholder Information - The total number of shareholders at the end of the reporting period was 60,248[26] - The largest shareholder, Hunan Keli Yuan High-Tech Group Co., Ltd., held 267,644,720 shares, accounting for 16.19% of the total shares[26] - The company repurchased a total of 6,259,470 shares, representing 0.38% of the total share capital, with a total expenditure of CNY 24,222,100 (excluding transaction fees)[39] Expenses - Operating costs rose by 24.81% to ¥1,230,262,514.86, reflecting increased sales of consumer and power batteries[35] - Research and development expenses surged by 663.71% to ¥97,734,563.89, attributed to increased amortization of patent technology and proprietary technology[35] - Financial expenses increased by 50.08% to ¥77,658,183.38 due to higher financing scale and costs[38] - The company incurred financial expenses of 30,585,749.44, which is an increase from 18,485,801.88 in the previous period[63] Investment Performance - The company reported a decrease in investment income by 33.21% to ¥38,288,580.27, mainly due to reduced profits from a specific project[38] - The company reported investment income of 22,512,486.51, down from 23,968,512.75 in the previous period, indicating a slight decline in investment performance[63] Other Income - The company received government subsidies amounting to ¥23,146,680.76 during the reporting period[19] - Other income increased to 1,391,096.16, compared to 1,793,665.43 in the previous period, indicating stable non-operating income[63]

股票代码：600478 股票简称：科力远 编号：临 2019－065 湖南科力远新能源股份有限公司 关于参加2019年湖南辖区上市公司投资者网上接 待日活动的公告 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、完整性承担个别及连带责任。 为进一步强化与投资者的互动交流，增强与投资者的联系，湖南科力远新能 源股份有限公司（以下简称"公司"）将参加由中国证券监督管理委员会湖南监 管局指导，湖南省上市公司协会与深圳市全景网络有限公司联合举办的"2019 年湖南辖区上市公司投资者网上集体接待日"活动，现将有关事项公告如下： 本次活动时间为 2019 年 9 月 10 日（星期二）下午 15:00－17:00，届时将 通过深圳市全景网络有限公司提供的互联网平台进行，投资者可登录全景·路演 天下网站（http://rs.p5w.net）或关注微信公众号 (全景财经)参与公司本次投 资者网上接待日活动。 届时公司董事会秘书潘立贤先生、证券事务代表张飞女士将通过网络在线交 流形式与投资者进行沟通与交流。 欢迎广大投资者积极参与。 特此公告。 湖南科力远新能源股份 ...

2019 年半年度报告 公司代码：600478 公司简称：科力远 湖南科力远新能源股份有限公司 2019 年半年度报告 1 / 183 2019 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、 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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人钟发平、主管会计工作负责人余新民及会计机构负责人（会计主管人 员）周双林声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等陈述属于前瞻性陈述，不构成公司对投资 者的实质性承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述存在的风险，详见本报告第四节经营情况讨论与分析 中第二点其他披露事项中第 2 点可能面对的风险内容。 十 ...

2019 年第一季度报告 公司代码：600478 公司简称：科力远 湖南科力远新能源股份有限公司 2019 年第一季度报告 1 / 22 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 22 2019 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人钟发平、主管会计工作负责人余新民及会计机构负责人（会计主管人员）周双林 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------- ...

Financial Performance - The company's total distributable profit for 2018 was -31,820,282.84 CNY, resulting in a year-end undistributed profit of -186,200,571.91 CNY, leading to no profit distribution for the year[6]. - The company reported a negative cumulative undistributed profit, which is in accordance with the provisions of the Company Law and the Articles of Association[6]. - The company's operating revenue for 2018 was CNY 1,892,632,403.82, representing a 20.93% increase compared to CNY 1,565,058,882.24 in 2017[29]. - The net profit attributable to shareholders decreased by 1.34% to CNY 21,720,705.01 from CNY 22,015,648.54 in the previous year[29]. - The net cash flow from operating activities turned negative at CNY -50,716,975.12, a decline of 293.63% compared to CNY 26,192,568.11 in 2017[29]. - The company's total assets decreased by 5.78% to CNY 6,349,008,097.65 from CNY 6,738,428,966.08 in 2017[29]. - Basic earnings per share for 2018 was CNY 0.015, down 6.25% from CNY 0.016 in 2017[30]. - The weighted average return on equity decreased to 1.03% from 1.59% in the previous year, a reduction of 0.56 percentage points[30]. - The net profit after non-recurring gains and losses for 2018 was 166,557,596.79 RMB, compared to 124,343,501.82 RMB in 2017, reflecting a year-over-year increase of approximately 34%[41]. - The company achieved total revenue of 1,892.63 million yuan and a net profit attributable to shareholders of 21.72 million yuan in 2018[66]. Audit and Compliance - The audit report issued by Da Xin Accounting Firm was a standard unqualified opinion[5]. - The company’s financial report has been confirmed by its responsible persons to be true, accurate, and complete[4]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not provided guarantees in violation of regulatory decision-making procedures[8]. - The company has established a cash dividend policy, mandating a minimum of 10% of distributable profits to be distributed as cash dividends in profitable years[135]. - The company has commitments from its actual controllers and shareholders to avoid competition in the same industry, effective since September 2007 and remains valid long-term[140]. - The company has reduced and standardized related party transactions since September 2007, with commitments being strictly fulfilled[140]. - The company has not disclosed any major related party transactions during the reporting period[156]. - The company has appointed Da Xin Accounting Firm for the 2018 financial and internal control audit, with a remuneration of 900,000[148]. Research and Development - Research and development expenses rose by 66% to CNY 25,841,170.49, reflecting increased investment in R&D[34]. - The total R&D investment amounted to RMB 269,184,830.01, representing 14.22% of the operating revenue[98]. - The company has 710 R&D personnel, accounting for 23.14% of the total workforce[98]. - The capitalized R&D investment constituted 90.40% of the total R&D expenditure[98]. - The company has 450 valid domestic patents, including 180 invention patents, and has received the National Science and Technology Progress Award for its research on high-safety, wide-temperature range, long-life secondary batteries[64]. - Significant progress has been made in the performance of membrane electrodes for hydrogen fuel cells, with nearly 20 patents applied for during the reporting period[76]. - The company is a leading domestic and third globally in nickel-hydride battery R&D and mass production, supplying to major automakers like Toyota and Honda[119]. Market and Industry Outlook - The market for hybrid vehicles (HEV and PHEV) is still in the cultivation stage, with national policies favoring the development of these vehicles[48]. - The company’s strategy focuses on the integration of hybrid power systems and the promotion of green travel, aiming to drive the development of related industries[44]. - By 2020, the sales proportion of hybrid vehicles in China is expected to reach 8%, approximately 2.4 million units, increasing to 20% (6 million units) by 2025 and 25% (7.5 million units) by 2030[52]. - The company anticipates significant growth opportunities in the hybrid vehicle sector due to stricter fuel consumption standards[107]. - The Chinese hybrid vehicle market is significantly below the global average, with only 16.23% of sales being HEVs compared to a global average of 63.04%[117]. - The company is positioned to benefit from the rapid growth of China's energy-saving and new energy vehicle industry, driven by favorable national policies[118]. Environmental Management - The company has implemented a comprehensive pollution prevention and control system, ensuring stable and efficient operation of pollution control facilities[180]. - The company has established emergency response plans for environmental incidents in compliance with national regulations[185]. - The company has developed a self-monitoring plan for environmental protection in accordance with relevant laws and regulations for the year 2018[187]. - The company has implemented daily monitoring of pollutant emissions, ensuring stable compliance with environmental standards[192]. - No instances of pollutant exceedance were reported during the reporting period[192]. - The company has restructured its environmental management teams to enhance accountability and resource allocation for environmental protection efforts[192]. Strategic Partnerships and Investments - The company signed a cooperation agreement with Geely Group on April 3, 2018, to develop and manufacture hybrid electric vehicles (HEVs) using the integrated hybrid power system developed by Koli Yuan International Cooperation[168]. - The strategic investment from Geely resulted in a total shareholding of 11.10% in the company, making Geely the second-largest shareholder[68]. - The company plans to invest ¥2,176 million (approximately ¥128.6 million) in Koli Me Automotive Power Battery Co., Ltd. to increase its registered capital, with the investment expected to be executed in July 2019[157]. - The company is enhancing its hybrid system sales and market share through partnerships with major automakers like Geely, Changan, and Dongfeng[63]. Operational Challenges - The company faces intensified global competition in the energy-saving and new energy vehicle sector, necessitating increased investment in research and development[131]. - The company plans to strengthen its sales system and expand sales channels to mitigate policy risks in the new energy vehicle industry[131]. - The company is committed to optimizing resource allocation across finance, human resources, production capacity, and R&D to align with strategic goals[122].