正泰电器 2022 年半年度报告 公司代码：601877 公司简称：正泰电器 浙江正泰电器股份有限公司 2022 年半年度报告 1 / 241 正泰电器 2022 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性、准确性、 完整性，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、 公司负责人南存辉、主管会计工作负责人林贻明及会计机构负责人（会计主管人员）林贻明 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本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 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、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述了可能存在的行业风险、市场风险等，敬请查阅管理层经营与分 析中关于公司可能面对的风险因素部分的相关内容。 ...

Financial Performance - The company's operating revenue for 2021 was CNY 38.86 billion, an increase of 16.88% compared to CNY 33.25 billion in 2020[16]. - The net profit attributable to shareholders for 2021 was CNY 3.40 billion, a decrease of 47.09% from CNY 6.43 billion in 2020[16]. - The net cash flow from operating activities increased by 47.49% to CNY 7.09 billion in 2021, compared to CNY 4.81 billion in 2020[16]. - The total assets at the end of 2021 were CNY 85.45 billion, reflecting a 23.36% increase from CNY 69.27 billion at the end of 2020[16]. - The basic earnings per share for 2021 were CNY 1.58, down 47.16% from CNY 2.99 in 2020[18]. - The weighted average return on equity for 2021 was 10.90%, a decrease of 13.08 percentage points from 23.98% in 2020[18]. - The company achieved operating revenue of 38.87 billion RMB, a year-on-year increase of 16.88%[53]. - Net profit for the period was 3.77 billion RMB, a decrease of 43.25% compared to the previous year[53]. - The company’s total assets reached 85.45 billion RMB, reflecting a year-on-year growth of 23.36%[53]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, pending approval at the 2021 annual general meeting[3]. - The company reported a user base of 81,100, indicating a stable customer retention rate[108]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to CNY 15.3464 million[111]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[2]. - The company’s legal representative is Nan Cunhui, and the financial report is guaranteed to be true, accurate, and complete by the accounting personnel[2]. - The board of directors and supervisory board members were present at the board meeting to ensure the report's integrity[2]. - The company has not violated any decision-making procedures regarding external guarantees[4]. - The company adheres to strict governance practices, ensuring independence from its controlling shareholders and maintaining compliance with relevant regulations[104]. Research and Development - The company invested CNY 1.125 billion in R&D during the reporting period, a year-on-year increase of 9.33%, with a cumulative investment of nearly CNY 3.134 billion over three years[35]. - Research and development expenses increased by 9.32% to 1.13 billion RMB, emphasizing the company's commitment to innovation[55]. - The company is investing heavily in R&D for new technologies, with a budget allocation of 10% of total revenue towards innovation[109]. Environmental Compliance - The company achieved compliance in wastewater discharge with a CODcr value of 41 mg/L, well below the standard limit of 500 mg/L[136]. - The company’s air emissions for non-methane total hydrocarbons from various processes are within regulatory limits, with the highest concentration recorded at 52.6 mg/m³[140]. - The company has implemented a third-party testing system for emissions, ensuring adherence to environmental standards[135]. - The company achieved compliance with the emission standards for various pollutants, including non-methane total hydrocarbons at 1.360 mg/m³ (standard 120 mg/m³)[151]. - The company has maintained a record of no environmental pollution incidents across its subsidiaries[164]. Market Expansion and Strategy - The company plans to expand its market presence in countries such as Bulgaria, South Korea, and the Philippines, with ongoing development of overseas photovoltaic power station projects[80]. - The company aims to enhance its market share in low-voltage electrical appliances and household photovoltaic sectors while accelerating the divestment of low-margin businesses[96]. - The company plans to implement a digital transformation strategy, focusing on user-centered business digital platforms and the integration of AI and IoT technologies[97]. - The company intends to expand its international presence through the "Blue Ocean Plan," enhancing overseas business platforms and increasing market penetration in RCEP regions[98]. Operational Highlights - The company has established 7 new national subsidiaries, bringing the total to over 30 localized companies globally[32]. - The company added over 5,000 new customers and converted more than 1,300 distributors during the reporting period[29]. - The company has developed a comprehensive operation and maintenance (O&M) capability covering over 80 cities, with more than 1,500 O&M engineers and 400+ offline service points[47]. - The company has completed photovoltaic asset transactions involving 0.98 GW, with a transaction amount exceeding 3.8 billion CNY, effectively optimizing asset structure[46]. Financial Transactions and Related Party Deals - The company generated rental income of RMB 724.67 million from leasing properties to its parent company during the reporting period[196]. - The total rental income from various related parties amounted to RMB 1,200.00 million, with specific contributions from multiple subsidiaries[196]. - The company’s financial transactions with related parties are compliant with regulations, ensuring transparency in financial dealings[195]. Employee and Management Practices - The company has established a comprehensive training management system to enhance employee skills and leadership capabilities[124]. - The company has a performance-based compensation policy aimed at attracting and retaining talent aligned with future development needs[123]. - The company reported a total of 30,391 employees, with 15,418 in the parent company and 14,973 in major subsidiaries[121]. Sustainability and Carbon Reduction - The management team has emphasized a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[109]. - The company reduced carbon dust emissions by 220.77 thousand tons, CO2 emissions by 642.93 thousand tons, SO2 emissions by 24.35 thousand tons, and NOx emissions by 12.17 thousand tons during the reporting period[179]. - The company implemented a household power station development model with an investment cost of approximately 70,000 yuan per household, expecting an annual power generation of 25,000 kWh and an annual electricity revenue of about 10,000 yuan[181].

2021 年半年度报告 公司代码：601877 公司简称：正泰电器 浙江正泰电器股份有限公司 2021 年半年度报告 1 / 205 2021 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、 公司负责人南存辉、主管会计工作负责人林贻明及会计机构负责人（会计主管人员）林贻明 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本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 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、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述了可能存在的风险，敬请查阅管理层经营与分析中关于公司可能 面对的风险因素部分的相关内容。 十一、 其他 □适用 √不适用 2 / ...

Financial Performance - The company's operating revenue for 2020 was CNY 33,253,062,099.20, representing a 10.02% increase from CNY 30,225,906,278.03 in 2019[14]. - Net profit attributable to shareholders for 2020 reached CNY 6,427,172,913.25, a significant increase of 70.85% compared to CNY 3,761,795,288.41 in 2019[14]. - The net cash flow from operating activities was CNY 4,805,560,079.07, showing a decrease of 3.87% from CNY 4,999,220,054.77 in the previous year[14]. - The total assets at the end of 2020 amounted to CNY 69,269,751,235.95, which is a 25.31% increase from CNY 55,277,446,536.83 at the end of 2019[14]. - Basic earnings per share for 2020 were CNY 2.99, up 70.86% from CNY 1.75 in 2019[15]. - The weighted average return on net assets increased to 23.98% in 2020, up from 16.29% in 2019, reflecting a growth of 7.69 percentage points[16]. - The company achieved operating revenue of 33.253 billion yuan, a year-on-year increase of 10.02%, and a net profit attributable to shareholders of 6.427 billion yuan, up 70.85%[28]. - The company reported a net profit of CNY 3,379,258,030.04 in Q4 2020, contributing significantly to the annual performance[18]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 5 RMB per 10 shares to all shareholders, pending approval at the 2020 annual general meeting[3]. - The cash dividend amount for 2020 was RMB 387,832,468.69, representing 6.03% of the total[76]. - The cash dividend accounted for 22.75% of the net profit attributable to ordinary shareholders in the consolidated financial statements for 2020[77]. - In 2020, the company distributed a cash dividend of 5.00 RMB per 10 shares, amounting to a total of 1,074,484,488.00 RMB, which represents 16.72% of the net profit attributable to ordinary shareholders[74]. Risk Management - The company has detailed the risks associated with industry and market conditions in its management discussion and analysis section[4]. - The company has established a comprehensive risk management framework to address potential future risks[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4]. - The company has not violated any decision-making procedures regarding external guarantees[4]. - The company faces risks related to raw material price fluctuations, particularly for copper, silver, steel, and plastics, which constitute a significant portion of production costs[71]. Research and Development - The company invested 1.029 billion yuan in R&D, a year-on-year increase of 5.07%, with a three-year cumulative investment nearing 3 billion yuan[29]. - The company has 95 ongoing product development and technology research projects, with 787 patent applications and 3,494 authorized patents[29]. - The company is focusing on enhancing its research capabilities to improve the efficiency of solar cells and modules[51]. - The average production efficiency of solar cells surpassed 23%, with mainstream module power reaching 450W for single glass and 445W for double glass[30]. Market Expansion and Strategy - The company aims to transform into a comprehensive power enterprise, integrating operations, management, and manufacturing across the entire power industry chain[23]. - The company has established a comprehensive sales network, focusing on provincial capitals and county-level cities, enhancing its market reach and logistics capabilities[26]. - The company is actively pursuing a "Blue Ocean Plan" to enhance channel business and implement a flat management structure for regional sales[28]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year[187]. Environmental Responsibility - The company invested approximately 1 million RMB in 2020 for rain and sewage pipeline inspection and repair to ensure zero sewage discharge[102]. - The company processed 32.24 tons of hazardous waste and 13.14 tons of hazardous waste through contracts with local environmental companies in 2020[104]. - The wastewater from the company meets the GB8978-1996 standard, with CODcr levels at 485 mg/L and SS levels at 49 mg/L, both compliant with the standards[103]. - The company has established a wastewater online monitoring system at its subsidiary, ensuring compliance with discharge standards[106]. Corporate Governance - The company has established a system for independent directors to ensure their independence and effective functioning in corporate governance[155]. - The company maintained transparent information disclosure practices, ensuring equal access to information for all shareholders[149]. - The company has a robust governance structure, with clear separation between the controlling shareholder and the company’s operations[147]. - The company held 3 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[147]. Shareholder Structure - The largest shareholder, Zhejiang Chint Group Co., Ltd., holds 884,950,971 shares, representing 41.16% of the total shares[126]. - The second-largest shareholder, Zhejiang Chint New Energy Investment Co., Ltd., holds 180,311,496 shares, accounting for 8.39%[126]. - The top ten shareholders collectively hold significant stakes, with the top three alone accounting for over 56% of the total shares[126]. - The total number of ordinary shareholders at the end of the reporting period was 40,817, down from 49,293 at the end of the previous month[125]. Financial Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[2]. - The audit report provided a standard unqualified opinion on the financial statements, indicating that they fairly reflect the company's financial position and results of operations[159]. - There were no significant deficiencies in internal controls reported during the audit period, and the internal control self-evaluation report was disclosed[157]. - The management's assessment of the company's ability to continue as a going concern was confirmed, with no plans for liquidation or cessation of operations[164].