Financial Performance - The company achieved a net profit attributable to shareholders of RMB 830,619,056.16 in 2021, representing a 49.51% increase from RMB 555,558,927.85 in 2020[4]. - Total operating revenue for 2021 was RMB 2,810,556,214.32, a 48.66% increase compared to RMB 1,890,574,260.67 in 2020[10]. - The net cash flow from operating activities reached RMB 907,625,959.69, marking a significant increase of 155.82% from RMB 354,786,591.25 in the previous year[10]. - The company's total assets as of the end of 2021 amounted to RMB 4,641,578,779.73, reflecting a 27.16% increase from RMB 3,650,106,683.75 at the end of 2020[10]. - The net assets attributable to shareholders increased to RMB 3,433,659,176.19, an 18.61% rise from RMB 2,895,019,466.55 in 2020[10]. - Basic earnings per share for 2021 were RMB 3.69, up 49.39% from RMB 2.47 in 2020[10]. - The company reported a total profit of RMB 977,586,375.44, an increase of 48.9% from RMB 656,520,229.53 in the previous year[112]. - The total comprehensive income for 2021 was RMB 844,872,428.87, up 50.0% from RMB 564,098,817.94 in the previous year[113]. Revenue and Sales - Domestic sales revenue reached 1.956 billion RMB, up 56.99% year-on-year, while export revenue was 775 million RMB, an increase of 27.58%[21]. - In 2021, the company achieved operating revenue of 2.811 billion RMB, a year-on-year increase of 48.66%[16]. - The company reported a revenue of ¥2,810,556,214.32, representing a 48.66% increase compared to ¥1,890,574,260.67 in the same period last year[23]. Research and Development - Research and development expenses rose by 42.67% to ¥107,390,618.97, up from ¥75,274,310.61, reflecting the company's commitment to increasing R&D investment[23][29]. - The company’s R&D investment accounted for 3.82% of its total revenue, indicating a strategic focus on innovation[30]. - The number of R&D personnel constituted 10.90% of the total workforce, highlighting the company's emphasis on research and development capabilities[31]. Assets and Liabilities - Total current assets increased to ¥3,551,377,295.62 in 2021, up from ¥2,833,248,348.10 in 2020, representing a growth of approximately 25.4%[107]. - Accounts receivable rose to ¥875,537,329.26 in 2021, compared to ¥667,884,790.72 in 2020, indicating an increase of about 31.1%[107]. - Inventory increased significantly to ¥588,012,208.31 in 2021, up from ¥363,297,629.75 in 2020, reflecting a growth of approximately 61.9%[107]. - Total liabilities increased to ¥1,148,063,131.18 in 2021, up from ¥708,963,464.07 in 2020, which is an increase of approximately 62.1%[108]. Corporate Governance - The company has implemented measures to ensure compliance with corporate governance standards, holding one annual general meeting and four board meetings during the reporting period[43]. - The audit committee monitored the preparation of all periodic reports in 2021, ensuring thorough communication with the responsible accountants[44]. - The company has maintained a transparent information disclosure policy, adhering to principles of fairness and timeliness in reporting[44]. - The company has not reported any significant differences in governance compared to regulatory requirements, ensuring compliance with relevant laws and regulations[43]. Environmental and Social Responsibility - The company has implemented pollution control facilities, including bag filters and soundproofing equipment, all of which are operating normally[69]. - The company has constructed a solar photovoltaic power station with a capacity of 2.4 MW, generating approximately 3.6 million kWh annually, contributing to carbon emission reduction[72]. - The company actively respects and protects the rights of stakeholders, including creditors and employees, while focusing on social responsibility and environmental protection[44]. Financial Management - The company has a strong focus on fixed income products, with various offerings yielding returns between 2.500% and 3.600%[80][81]. - The company has successfully implemented a strategy of recovering investments across multiple financial products, demonstrating effective asset management[80][81]. - The total amount of entrusted financial management products indicates a robust investment strategy and market confidence[80]. Future Outlook - The company plans to maintain stable revenue growth in 2022 while expanding into global new energy markets, including electric vehicles and photovoltaics[41]. - Future industry trends indicate a shift towards high-temperature, high-energy density, and customized electronic components, which the company is well-positioned to capitalize on[17][18].

Financial Performance - The company's revenue for Q3 2021 reached ¥738,122,872.78, representing a year-over-year increase of 47.69%[4] - Net profit attributable to shareholders was ¥187,811,048.01, up 37.09% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥179,193,916.09, reflecting a 40.71% increase year-over-year[4] - The basic earnings per share for the quarter was ¥0.83, a 36.07% increase from the previous year[4] - The company experienced a 51.23% increase in revenue year-to-date, driven by strong market demand in sectors such as photovoltaic, industrial control, and new energy vehicles[8] - Total operating revenue for the first three quarters of 2021 reached ¥2,020,874,216.08, a 51.3% increase from ¥1,336,312,979.14 in the same period of 2020[19] - Net profit for the third quarter of 2021 was ¥559,474,522.28, compared to ¥374,144,927.75 in the third quarter of 2020, reflecting a 49.5% increase[20] - The total profit for the first three quarters of 2021 was ¥659,005,214.85, an increase from ¥439,709,581.19 in the previous year[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,205,023,121.15, an increase of 15.20% from the end of the previous year[5] - Current assets reached RMB 3,104,598,406.72, up from RMB 2,833,248,348.10 in the previous year, indicating a year-over-year increase of about 9.5%[15] - The company's cash and cash equivalents stood at RMB 788,031,565.79, compared to RMB 752,756,443.14 at the end of 2020, reflecting a growth of approximately 4.7%[15] - Total liabilities were reported at RMB 997,123,102.00, up from RMB 708,963,464.07, which is an increase of approximately 40.7%[17] - The company's total liabilities were reported at $708.96 million, a decrease from $710.63 million year-over-year[25] Equity and Return Metrics - The total equity attributable to shareholders was ¥3,153,714,985.11, up 8.94% from the previous year[5] - The weighted average return on equity for the quarter was 6.14%, an increase of 0.95 percentage points year-over-year[5] - The company's equity attributable to shareholders reached RMB 3,153,714,985.11, compared to RMB 2,895,019,466.55 in the previous year, showing an increase of about 8.9%[17] - The company's equity attributable to shareholders was $2.90 billion, unchanged from the previous year[25] Cash Flow and Investment - The net cash flow from operating activities for the year-to-date period was ¥570,850,260.55, showing a significant increase of 145.66%[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥570,850,260.55, significantly higher than ¥232,374,602.72 in the same period of 2020[21] - The company reported a net cash outflow from investment activities of $242.20 million in Q3 2021, compared to a net inflow of $167.94 million in the same period last year[22] - The company recorded a cash outflow of $292.56 million from financing activities in Q3 2021, compared to $303.82 million in the same period last year[22] Research and Development - Research and development expenses increased to ¥78,500,951.81, up from ¥54,972,759.09 in the previous year, indicating a focus on innovation[19] - The company plans to increase its R&D spending by 25% to accelerate innovation[26] - The company is investing in new product development with a budget allocation of 200 million RMB[26] Market and Strategic Outlook - User data showed a growth in active users by 20%, totaling 5 million users[26] - The future outlook includes a projected revenue growth of 10% for the next quarter[26] - Market expansion plans include entering two new international markets by Q2 2022[26] - The company is exploring potential acquisitions to enhance its technology portfolio[26] - A new strategy focusing on sustainability initiatives was introduced, aiming for a 30% reduction in carbon footprint by 2025[26] Operational Metrics - Total operating costs increased to ¥1,390,982,545.47, up 50.9% from ¥921,867,909.12 year-over-year[19] - Cash received from sales of goods and services totaled ¥2,060,304,515.64, compared to ¥1,238,423,134.96 in the first three quarters of 2020[21] - The company's inventory stood at $363.30 million, consistent with the previous year[23] - The gross margin improved to 35%, up from 32% in the previous quarter[26]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,282,751,343.30, representing a year-on-year increase of 53.34%[10] - The net profit attributable to shareholders of the listed company was ¥363,602,193.36, up 57.87% compared to the same period last year[10] - The net cash flow from operating activities was ¥383,025,848.33, showing a significant increase of 103.46% year-on-year[10] - Basic earnings per share for the first half of 2021 were ¥1.62, representing an increase of 58.82% from ¥1.02 in the same period last year[10] - The diluted earnings per share also stood at ¥1.62, marking a 58.82% increase year-on-year[10] - The total comprehensive income for the first half of 2021 was ¥368,006,298.73, compared to ¥236,246,717.97 in the previous year, showing a growth of 55.7%[47] - The company reported a net profit for the first half of 2021 of ¥368,394,026.31, representing a growth of 56.4% from ¥235,463,143.53 in the first half of 2020[46] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,847,136,734.33, reflecting a growth of 5.40% from the previous year[10] - Total liabilities amounted to ¥830,487,215.92, up from ¥708,963,464.07, which is an increase of approximately 17.1%[42] - Shareholders' equity reached ¥3,016,649,518.41, compared to ¥2,941,143,219.68, showing an increase of around 2.6%[42] - Current assets totaled ¥2,846,265,974.18, slightly up from ¥2,833,248,348.10, indicating a marginal increase of about 0.5%[40] - Total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous period[42] Research and Development - The company invested approximately 4% of its revenue annually in independent and original development, enhancing its technological capabilities[15] - The company’s research and development expenses rose by 39.78% to RMB 50.6 million, reflecting its commitment to innovation[16] - Research and development expenses rose to ¥50,602,216.91, an increase of 39.9% compared to ¥36,201,013.62 in the previous year[46] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 11,535[33] - The largest shareholder, Xiamen Farah Development Co., Ltd., held 84,000,000 shares, representing 37.33% of total shares[34] - The company reported no changes in total share capital or share structure during the reporting period[32] Inventory and Production - The company’s inventory increased by 15.13% to RMB 418 million, indicating a proactive approach to meet market demand[17] - The company’s fixed assets grew by 8.57% to RMB 664 million, supporting its production capabilities[17] - The total inventory balance rose from RMB 370,721,059.62 at the beginning of the period to RMB 425,692,922.49 at the end, indicating an increase of about 14.8%[138] Investments - The company has invested a total of RMB 80 million in the Shanghai Junlian Shenghao Venture Capital Partnership, with contributions made in 2019, 2020, and 2021[19] - In June 2021, the company invested RMB 15 million to acquire a 2% equity stake in Suzhou Xidian Electromechanical Co., Ltd.[20] Risks and Challenges - The company faces risks related to raw material price fluctuations, export operations, and exchange rate changes, which could impact its operating performance[23] Environmental Initiatives - The company has installed a solar photovoltaic power station with a capacity of 2.4 MW, generating approximately 3.6 million kWh annually, contributing to carbon emission reduction efforts[28] Financial Management - The company did not distribute profits or increase capital from reserves during this reporting period[4] - There were no non-operating fund occupations by controlling shareholders or related parties reported[4] - The company maintained a consistent dividend distribution of ¥292,500,000.00, unchanged from the previous year[53] Accounting Policies - The company’s financial statements are prepared based on the going concern assumption, following the relevant accounting standards[63] - The company applies the accounting treatment for business combinations under common control and non-common control[67] - The company recognizes expected liabilities when there is a present obligation that is likely to result in an outflow of economic benefits[96]

Financial Performance - Net profit attributable to shareholders rose by 78.08% to CNY 165,433,799.39 year-on-year[4] - Operating revenue grew by 67.96% to CNY 580,620,043.77 compared to the same period last year[4] - Basic earnings per share increased by 77.97% to CNY 0.735 compared to the same period last year[4] - The weighted average return on equity increased by 2.09 percentage points to 5.56%[4] - Total operating revenue for Q1 2021 reached ¥580,620,043.77, a 68% increase from ¥345,682,074.55 in Q1 2020[20] - Net profit for Q1 2021 was ¥168,153,365.91, compared to ¥95,463,185.13 in Q1 2020, representing a 76% increase[21] - The total comprehensive income for Q1 2021 was ¥167,828,960.52, compared to ¥96,561,285.80 in Q1 2020[21] - The net profit for Q1 2021 reached RMB 163,620,755.05, up 78.8% from RMB 91,495,339.02 in Q1 2020[23] - The total comprehensive income for Q1 2021 was RMB 163,296,349.66, compared to RMB 92,593,439.69 in Q1 2020, indicating a growth of 76.2%[24] Assets and Liabilities - Total assets increased by 4.29% to CNY 3,806,851,727.19 compared to the end of the previous year[4] - Other non-current assets increased by 81.48% to ¥161,147,129.37, mainly due to higher prepayments for equipment[9] - Total liabilities decreased to ¥632,417,131.69 from ¥643,843,570.37, a reduction of about 1.7%[18] - Total equity attributable to shareholders rose to ¥3,040,551,484.04, compared to ¥2,877,255,134.38, marking an increase of approximately 5.7%[19] - Total assets increased to ¥3,672,968,615.73 as of March 31, 2021, up from ¥3,521,098,704.75 at the end of 2020, representing a growth of approximately 4.3%[18] - Total liabilities and equity reached ¥3,672,968,615.73, compared to ¥3,521,098,704.75, an increase of approximately 4.3%[19] Cash Flow - Net cash flow from operating activities decreased by 59.05% to CNY 26,750,357.27 compared to the previous year[4] - Cash inflow from operating activities for Q1 2021 was CNY 495.26 million, up from CNY 347.35 million in Q1 2020, representing an increase of 42.6%[27] - Cash inflow from investment activities was RMB 469,629,958.98, significantly higher than RMB 284,663,050.08 in Q1 2020[25] - Cash inflow from investment activities totaled CNY 461.48 million in Q1 2021, compared to CNY 284.66 million in Q1 2020, marking an increase of 62.2%[27] - Net cash flow from investment activities was negative CNY 15.88 million in Q1 2021, an improvement from negative CNY 35.42 million in Q1 2020[27] Shareholder Information - The total number of shareholders reached 11,269 by the end of the reporting period[7] - The largest shareholder, Xiamen Fala Development Co., Ltd., holds 37.33% of the shares[7] Research and Development - Research and development expenses rose by 47.67% to ¥22,755,469.14, indicating a commitment to innovation[9] - Research and development expenses for Q1 2021 totaled ¥22,755,469.14, an increase of 47% from ¥15,409,577.94 in Q1 2020[20] - Research and development expenses increased to RMB 20,481,674.67, a 49.0% rise compared to RMB 13,753,251.90 in Q1 2020[23] Government Subsidies and Future Plans - The company reported a government subsidy of CNY 1,239,099.65 related to its normal business operations[5] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9] - The company’s management indicated a focus on market expansion and new product development in future strategies[22] - The company has not disclosed any new product developments or market expansion strategies in this report[6]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 555,558,927.85 in 2020, representing a 21.85% increase compared to RMB 455,945,946.88 in 2019[3]. - Total operating revenue for 2020 was RMB 1,890,574,260.67, reflecting a growth of 12.51% from RMB 1,680,321,948.29 in 2019[12]. - Basic earnings per share for 2020 were RMB 2.47, an increase of 21.67% from RMB 2.03 in 2019[12]. - The company reported a gross profit of RMB 598,703,516.68, with a gross margin of approximately 31.6%[98]. - The total comprehensive income for the year was RMB 564,098,817.94, compared to RMB 466,983,610.01 in 2019, representing a growth of 20.8%[99]. - The company achieved an operating profit of RMB 655,053,575.31, up from RMB 541,145,936.44 in the previous year, marking a growth of 21.0%[98]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 41.91% to RMB 354,786,591.25, down from RMB 610,701,830.06 in the previous year[12]. - The ending balance of cash and cash equivalents increased to RMB 752,756,443.14 from RMB 626,905,338.83 in the previous year, representing a growth of about 20%[102]. - Total cash inflow from operating activities was CNY 1,780,800,138.57, down from CNY 1,818,025,838.67 in 2019, reflecting a decline of approximately 2%[101]. - The net cash flow from investing activities was CNY 77,776,073.20, down 56% from CNY 178,410,542.17 in 2019[102]. - The company paid CNY 300,375,585.42 in dividends and interest, a slight decrease from CNY 303,761,155.56 in 2019[102]. Assets and Liabilities - The company's total assets increased by 12.95% to RMB 3,650,106,683.75 at the end of 2020, compared to RMB 3,231,718,802.41 at the end of 2019[12]. - Current liabilities rose to RMB 652,532,577.29, compared to RMB 504,826,054.33 in the previous year, indicating a 29.2% increase[94]. - Total liabilities reached RMB 708,963,464.07, an increase from RMB 554,674,400.67, reflecting a growth of 27.8%[94]. - Shareholders' equity totaled RMB 2,941,143,219.68, up from RMB 2,677,044,401.74, marking a growth of 9.8%[95]. Research and Development - Research and development expenses increased by 9.14% to RMB 75,274,310.61, compared to RMB 68,972,877.20 in the same period last year[23]. - The total R&D investment accounted for 3.98% of operating revenue, with a total of RMB 7,527.43 in capitalized R&D expenses[30]. - The company has increased its R&D efforts for new energy film capacitors, enhancing overall product technology levels and production speed[20]. Dividend Policy - The company plans to distribute a cash dividend of RMB 13 per 10 shares, totaling RMB 292,500,000.00, based on a share capital of 22,500,000 shares[3]. - In 2020, the company distributed cash dividends totaling RMB 292.5 million, representing 52.65% of the net profit attributable to ordinary shareholders[39]. - The cash dividend policy was revised to ensure active profit distribution, with a total cash dividend of RMB 292,500,000 distributed based on the 2019 fiscal year[38]. Market Position and Strategy - The company is a leading player in the film capacitor industry, ranking first in China and among the top three globally[19]. - The company plans to focus on high-end products and customized production in response to market trends[19]. - The photovoltaic and wind power markets are experiencing significant growth due to declining generation costs and favorable government policies for new energy vehicles[33]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 11,412, a decrease from 12,531 at the end of the previous month[56]. - The largest shareholder, Xiamen Fala Development Co., Ltd., holds 84,000,000 shares, representing 37.33% of total shares[57]. - The company has not experienced any changes in its common stock capital structure during the reporting period[55]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[75]. - The company has not faced any penalties from securities regulatory agencies in the past three years[71]. - The audit committee supervised the establishment and execution of internal control systems, ensuring compliance with financial reporting standards[79]. Environmental and Social Responsibility - The company has implemented environmental protection measures, including the installation of dust collectors and soundproofing equipment, to comply with regulatory standards[54]. - The company has a strong commitment to social responsibility, focusing on green production and energy conservation initiatives[53]. Investment Strategy - The company has diversified its investment portfolio across multiple financial products, enhancing its risk management strategy[46][47][48]. - The company plans to continue its investment strategy in fixed-income products, focusing on stable returns[48]. - The company is exploring new investment opportunities in the market to expand its financial product offerings[48].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥836,519,434.17, representing a 5.37% increase compared to ¥793,871,786.13 in the same period last year[8]. - The net profit attributable to shareholders for the first half of 2020 was ¥230,323,747.34, which is a 9.95% increase from ¥209,477,697.18 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥217,865,804.94, reflecting an 11.46% increase from ¥195,462,870.43 in the same period last year[8]. - The total operating revenue for the first half of 2020 was ¥836,519,434.17, an increase of 5.4% compared to ¥793,871,786.13 in the same period of 2019[40]. - Net profit for the first half of 2020 reached ¥235,463,143.53, compared to ¥215,454,208.00 in the same period of 2019, representing an increase of 9.3%[40]. - The total comprehensive income for the first half of 2020 was approximately ¥236.25 million, compared to ¥215.47 million in the first half of 2019, reflecting a growth of 9.66%[41]. - The company reported a total profit for the current period of RMB 276,458,606.93, compared to RMB 215,454,208.00 in the previous period, reflecting an increase of approximately 28.3%[184][187]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 23.48% to ¥188,258,956.53, down from ¥246,017,547.79 in the previous year[8]. - The cash flow from operating activities generated a net amount of approximately ¥188.26 million, down from ¥246.02 million in the first half of 2019, a decrease of 23.5%[43]. - The company's cash and cash equivalents increased to approximately ¥667.19 million, up from ¥626.91 million, reflecting a growth of about 6.5%[33]. - The cash and cash equivalents at the end of the period total RMB 667,194,346.70, compared to RMB 626,905,338.83 at the beginning of the period, showing an increase of about 6.4%[189]. - The net increase in cash and cash equivalents for the period was CNY 40,289,007.87, compared to CNY 30,550,954.21 in the previous year[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,179,051,817.30, a decrease of 1.63% from ¥3,231,718,802.41 at the end of the previous year[8]. - The total liabilities at the end of the period amounted to 19,669,966.31 million RMB, with a significant increase in the power device integrated packaging technology development project, which rose to 186,404.37 million RMB[160]. - The company's total liabilities stood at approximately ¥558.26 million, a slight increase from ¥554.67 million, indicating a growth of about 0.3%[35]. - The total assets of the company reached CNY 3,122,886,556.61[100]. - The total amount of deferred tax assets at the end of the period is CNY 5,764,937.87, compared to CNY 5,969,976.94 at the beginning of the period, showing a decrease of approximately 3.4%[137]. Shareholder Information - The company did not distribute profits or increase capital reserves during the reporting period[2]. - The company did not propose any profit distribution or capital reserve increase for the half-year period[20]. - The total number of ordinary shareholders at the end of the reporting period was 10,543[26]. - The largest shareholder, Xiamen Fala Development Co., Ltd., held 84,000,000 shares, accounting for 37.33% of the total shares[27]. - The total equity attributable to shareholders at the end of the period was 2,500,974,316.26[50]. Research and Development - Research and development expenses rose by 12.28% to RMB 36.20 million, indicating a focus on innovation[14]. - The company is enhancing its R&D efforts for new energy film capacitors to meet market demands and improve overall product technology[12]. - The company has ongoing research and development projects, including a high-performance vehicle motor controller based on SiC modules, with an investment of 216,133.99 million RMB[160]. Market Position and Strategy - The company is a leading player in the film capacitor industry, ranking among the top three globally in production and sales[11]. - The market trend is shifting towards high-end, customized products, with an increasing focus on technology services and brand enhancement[11]. - The company is focusing on expanding its market presence through new product development and technology upgrades, particularly in the electric vehicle sector[160]. Risks and Compliance - The company faces risks from raw material price fluctuations, export operations, and exchange rate changes that could impact profitability[18]. - The company complied with environmental regulations, ensuring that wastewater, waste gas, and noise emissions met standards[24]. - The company has not engaged in any major equity or non-equity investments during the reporting period[16]. Accounting Policies and Financial Management - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[56]. - The company recognizes revenue according to its specific revenue recognition policy, which is detailed in the notes[58]. - The company uses the expected credit loss model for impairment of financial assets, assessing credit risk at each reporting date[65]. - The company recognizes financial liabilities at fair value through profit or loss, with transaction costs directly expensed[64]. Employee Compensation and Benefits - Employee compensation includes various forms of remuneration, with short-term compensation recognized as liabilities in the period services are provided[83]. - The total employee compensation payable decreased from ¥194,390,453.78 to ¥69,172,068.89, a significant reduction of approximately 64.5%[149].

Financial Performance - Revenue decreased by 9.26% to CNY 345,682,074.55 compared to the same period last year[4] - Net profit attributable to shareholders decreased by 5.97% to CNY 92,896,894.00 compared to the same period last year[4] - Basic earnings per share decreased by 5.92% to CNY 0.413 compared to the same period last year[4] - Total operating revenue for Q1 2020 was CNY 345,682,074.55, a decrease of 9.25% from CNY 380,972,357.81 in Q1 2019[20] - Net profit for Q1 2020 was CNY 95,463,185.13, a decrease of 5.07% compared to CNY 100,989,785.43 in Q1 2019[20] - The net profit attributable to shareholders of the parent company was ¥91,495,339.02, down from ¥97,246,698.84, representing a decline of 5.7%[23] - The total profit for the period was ¥107,692,976.88, down from ¥114,407,845.69, reflecting a decline of 5.9%[23] Cash Flow - Operating cash flow decreased by 49.89% to CNY 65,322,627.46 compared to the same period last year[4] - Net cash flow from operating activities decreased by 49.89%, from 130,369,943.84 to 65,322,627.46, mainly due to fewer bank acceptance bill collections compared to the previous year[11] - Cash inflow from operating activities for Q1 2020 was CNY 389,222,943.96, a decrease of 16.2% compared to CNY 464,183,490.25 in Q1 2019[26] - Net cash flow from operating activities for Q1 2020 was CNY 65,322,627.46, down 49.8% from CNY 130,369,943.84 in Q1 2019[26] - Cash inflow from investment activities for Q1 2020 was CNY 284,663,050.08, a decline of 53.3% compared to CNY 608,995,317.14 in Q1 2019[27] - Net cash flow from investment activities for Q1 2020 was -CNY 35,530,792.64, worsening from -CNY 10,652,371.32 in Q1 2019[27] Assets and Liabilities - Total assets increased by 1.67% to CNY 3,285,842,112.50 compared to the end of the previous year[4] - Total liabilities decreased from 554,674,400.67 to 512,236,424.96, indicating improved financial stability[16] - Total assets as of March 31, 2020, amounted to CNY 3,174,335,401.24, an increase of 1.63% from CNY 3,122,886,556.61 at the end of 2019[19] - Total liabilities decreased to CNY 468,387,232.47 from CNY 509,531,827.53, a reduction of 8.06%[19] - Total assets amounted to approximately CNY 3,122.89 billion, with current assets at CNY 2,365.17 billion and non-current assets at CNY 757.72 billion[34] - Total liabilities reached CNY 509.53 billion, with current liabilities totaling CNY 459.68 billion and non-current liabilities at CNY 49.85 billion[35] Shareholder Information - The total number of shareholders reached 12,974 at the end of the reporting period[8] - The largest shareholder, Xiamen Fala Development Co., Ltd., holds 37.33% of the shares[8] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 7,465,343.32, including government subsidies of CNY 3,409,867.59[5][7] - Other comprehensive income improved by 87.32%, from -1,257,572.78 to -159,472.11, primarily due to changes in the fair value of bank acceptance bills[11] - Financial expenses decreased significantly by 621.63%, from 1,671,848.50 to -8,720,875.52, mainly due to increased foreign exchange gains and bank interest income[11] - Other income increased by 458.13%, from 610,942.64 to 3,409,867.59, primarily driven by an increase in government subsidy income[11] - Investment income decreased by 43.46%, from 4,911,117.14 to 2,776,510.18, due to reduced wealth management income and losses from forward foreign exchange contracts[11] Research and Development - Research and development expenses for Q1 2020 were CNY 15,409,577.94, a slight decrease of 4.05% from CNY 16,059,718.95 in Q1 2019[20] - Research and development expenses were ¥13,753,251.90, slightly up from ¥13,645,022.29, indicating a focus on innovation[23]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 455,945,946.88 in 2019, representing a 0.91% increase compared to RMB 451,856,142.64 in 2018[3]. - Total operating revenue for 2019 was RMB 1,680,321,948.29, a decrease of 2.39% from RMB 1,721,422,019.98 in 2018[15]. - The net profit after deducting non-recurring gains and losses was RMB 417,582,421.69, a decrease of 5.15% from RMB 440,255,838.20 in 2018[15]. - The basic earnings per share for 2019 was RMB 2.03, up 1.00% from RMB 2.01 in 2018[16]. - The company reported a total comprehensive income of CNY 466,983,610.01 for 2019, compared to CNY 460,026,435.99 in 2018, reflecting a growth of 1.9%[100]. Cash Flow and Investments - The net cash flow from operating activities increased by 5.44% to RMB 610,701,830.06 in 2019, compared to RMB 579,177,124.37 in 2018[15]. - The net cash flow from investing activities saw a significant increase of 138.99%, reaching RMB 178,410,542.17, compared to a negative cash flow of -RMB 457,468,258.54 in the previous year[33]. - Cash and cash equivalents increased by 331.72% to RMB 626,905,338.83, accounting for 19.40% of total assets[34]. - The company reported a total of RMB 915,166,290.52 in trading financial assets as of January 1, 2019, reflecting a significant asset reclassification[163]. Market and Sales Performance - The domestic market contributed RMB 1.099 billion to revenue, a year-on-year increase of 0.22%, while the international market generated RMB 546 million, a decrease of 7.76%[24]. - The company reported a quarterly revenue of RMB 488,448,659.10 in Q4 2019, contributing to a total annual revenue of RMB 1,680,321,948.29[17]. - The company is focusing on expanding its market presence in the renewable energy sector, particularly in electric vehicles and photovoltaic industries[178]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 13 per 10 shares, totaling RMB 292,500,000.00, based on the year-end share capital of 22,500,000 shares[3]. - In 2019, the net profit attributable to ordinary shareholders was RMB 455,945,946.88, with a dividend payout ratio of 64.15%[44]. - The company distributed dividends totaling RMB 292,500,000.00 in 2019, compared to RMB 270,000,000.00 in 2018, reflecting an 8.3% increase[105]. Assets and Liabilities - The company's total assets at the end of 2019 were RMB 3,231,718,802.41, reflecting a 7.60% increase from RMB 3,003,441,346.60 at the end of 2018[15]. - Total liabilities rose to RMB 554,674,400.67 in 2019, compared to RMB 502,467,030.34 in 2018, indicating an increase of about 10.4%[95]. - The total equity attributable to shareholders of the parent company at the end of 2019 was RMB 2,513,360,791.73, compared to RMB 2,500,974,316.26 at the end of 2018[105]. Research and Development - Research and development expenses amounted to RMB 68,972,877.20, a decrease of 3.50% from RMB 71,472,665.05 in the previous year, representing 4.10% of operating revenue[32]. - The company has invested over 3% of its annual revenue into independent and original development, extending its capabilities from capacitor design to material applications and production equipment development[22]. Risks and Challenges - The company faces risks related to fluctuations in raw material prices, particularly polypropylene and polyester films, which significantly impact production costs[40]. - The company faced risks related to export business fluctuations due to the ongoing US-China trade disputes and global economic downturns[41]. - The company is exposed to exchange rate fluctuation risks, particularly with the widening range of RMB exchange rate changes[41]. Corporate Governance and Compliance - The company has appointed Ernst & Young Hua Ming as its auditor for the 2019 financial statements and internal controls, with a remuneration of RMB 45[46]. - The company has not encountered any major litigation or arbitration matters during the reporting period[48]. - The company emphasizes transparency in information disclosure, adhering to principles of fairness and accuracy in reporting to shareholders[79]. Employee and Management Information - The total number of employees in the parent company is 2,473, while the total number of employees in major subsidiaries is 93, resulting in a combined total of 2,566 employees[74]. - The remuneration for directors and supervisors is proposed by the remuneration committee and approved by the board and shareholders' meeting[72]. - The company has established a comprehensive training program aimed at enhancing employee skills and overall quality, covering various aspects including professional skills and management training[76].

Financial Performance - Net profit attributable to shareholders was approximately ¥304.35 million, down 6.32% year-on-year[5]. - Operating income for the first nine months was approximately ¥1.19 billion, a decrease of 7.56% compared to the same period last year[5]. - The company reported a net profit of approximately ¥287.12 million after deducting non-recurring gains and losses, a decrease of 11.82% year-on-year[5]. - Total operating revenue for Q3 2019 was ¥398,001,503.06, a decrease of 11.8% compared to ¥451,346,187.62 in Q3 2018[17]. - Net profit for Q3 2019 was ¥98,317,196.51, a decline of 12.6% from ¥112,510,423.88 in Q3 2018[18]. - The company’s total profit for the first three quarters of 2019 was approximately ¥358.49 million, down from ¥380.68 million in the same period of 2018, reflecting a decrease of 5.8%[23]. - The total comprehensive income attributable to shareholders was impacted by a net other comprehensive loss of ¥23,729.38 in Q3 2019[19]. Earnings and Shareholder Information - Basic earnings per share were ¥1.3526, down 6.32% from the previous year[5]. - The total number of shareholders at the end of the reporting period was 10,871[8]. - The largest shareholder, Xiamen Fala Development Co., Ltd., held 37.33% of the shares[8]. - The total equity attributable to shareholders was ¥2,449,309,851.28, up from ¥2,436,406,043.09 in the previous period[15]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.99 billion, a decrease of 0.57% compared to the end of the previous year[5]. - Total current assets amounted to ¥2,224,994,319.09, slightly down from ¥2,252,658,176.32 in the previous year[11]. - Total liabilities decreased from $502,467,030.34 to $474,907,944.19, a decline of approximately 5.5%[13]. - Current liabilities decreased from $471,364,497.30 to $443,766,811.15, a reduction of about 5.9%[12]. - The company reported goodwill remaining stable at $19,154,867.23[12]. Cash Flow and Financial Position - Net cash flow from operating activities increased by 29.28% year-on-year to approximately ¥503.60 million[5]. - The company's cash and cash equivalents increased to ¥473,346,356.91 from ¥145,211,156.20, primarily due to reduced receivables and increased deposits[10]. - The net cash flow from operating activities for the period was ¥503,602,871.23, up from ¥389,558,110.46 in the same period last year, driven by increased cash flow from discounted bank acceptance bills[10]. - Cash inflow from investment activities totaled CNY 1,505,749,407.37, up from CNY 1,249,667,942.39 in the previous year, representing a growth of 20.5%[26]. - The total cash and cash equivalents at the end of the period reached CNY 473,346,356.91, a substantial increase from CNY 115,475,993.17 at the end of the same period in 2018[27]. Operational Efficiency - The weighted average return on equity decreased by 1.91 percentage points to 12.12%[5]. - The company is focused on enhancing its financial position and operational efficiency through strategic adjustments in asset management and receivables[10]. - The company reported a financial income of ¥4,438,917.38 in Q3 2019, compared to a loss of ¥4,049,798.89 in Q3 2018[18]. - The company achieved investment income of approximately ¥11.64 million in Q3 2019, significantly up from ¥4.32 million in Q3 2018, marking an increase of 169.0%[22]. Research and Development - R&D expenses for Q3 2019 amounted to ¥20,280,643.31, an increase of 4.0% compared to ¥19,501,839.24 in Q3 2018[17]. - Research and development expenses for Q3 2019 were approximately ¥18.39 million, an increase of 8.2% from ¥16.98 million in Q3 2018[22].