证券代码：603023 证券简称：威帝股份 哈尔滨威帝电子股份有限公司 2021 年第三季度报告 2021 年第三季度报告 1 / 13 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人刘高深、主管会计工作负责人郁琼及会计机构负责人（会计主管人员）赵静保证 季度报告中财务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 (%) | | 增减变动幅度 (%) | | 营业收入 | 13,793,165.94 | -13.70 | 39,14 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥25,353,600.72, a decrease of 33.69% compared to ¥38,236,528.67 in the same period last year[20]. - The net profit attributable to shareholders was -¥1,284,554.48, a significant decline from ¥8,645,254.04 in the previous year[20]. - The net cash flow from operating activities decreased by 39.49%, amounting to ¥21,051,271.29 compared to ¥34,792,128.27 in the same period last year[20]. - The basic earnings per share for the first half of 2021 was -¥0.002, down from ¥0.02 in the same period last year[21]. - The decline in operating revenue was primarily due to a significant reduction in export orders for large and medium-sized buses[22]. - The gross profit margin decreased, compounded by the amortization of fixed costs, leading to a reduction in net profit attributable to shareholders[22]. - The company faced challenges in sales revenue and net profit, impacting both basic and diluted earnings per share[22]. - The company reported a net loss for the first half of 2021, with total costs exceeding total revenue[89]. - The total profit for the first half of 2021 was a loss of CNY 1,094,604.61, contrasting with a profit of CNY 9,642,071.37 in the first half of 2020[94]. Assets and Liabilities - The total assets at the end of the reporting period were ¥772,069,667.31, a decrease of 0.67% from ¥777,309,876.13 at the end of the previous year[20]. - The company's net assets attributable to shareholders were ¥755,129,048.57, reflecting a slight decrease of 0.17% from ¥756,413,603.05 at the end of the previous year[20]. - Cash and cash equivalents at the end of the period amounted to CNY 464,137,029.61, representing 60.12% of total assets, an increase from 57.96% in the previous year[42]. - The company's inventory increased by 2.90% to CNY 95,956,054.68, while accounts receivable decreased by 25.68% to CNY 65,510,776.95[42]. - Total liabilities as of June 30, 2021, were CNY 16,902,811.17, down from CNY 20,896,273.08 at the end of 2020[87]. Cash Flow - Operating cash inflow for the first half of 2021 was CNY 51,103,508.70, a decrease of 34.9% from CNY 78,689,226.30 in the first half of 2020[96]. - Net cash flow from operating activities was CNY 21,051,271.29, down 39.5% compared to CNY 34,792,128.27 in the same period last year[96]. - Cash outflow from investing activities totaled CNY 7,450,523.50, significantly lower than CNY 1,063,124,770.14 in the first half of 2020[97]. - The net increase in cash and cash equivalents for the first half of 2021 was CNY 13,600,747.79, contrasting with a decrease of CNY 439,234,399.38 in the same period of 2020[97]. Research and Development - The company plans to increase R&D investment in new products such as full LCD instrument panels and intelligent driving cockpit systems[33]. - Research and development expenses amounted to CNY 6,770,356.76, down from CNY 7,120,551.76 in the previous year, reflecting a decrease of 4.9%[93]. Government Support and Subsidies - Non-recurring gains and losses amounted to 100,000 yuan, primarily from government subsidies related to normal business operations[25]. - The company received government subsidies of CNY 100,000.00 in the current period, significantly lower than CNY 4,938,578.81 received in the same period last year, impacting net profit[39]. Corporate Governance - The company held three shareholder meetings during the reporting period, all in compliance with legal regulations[53]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2021, with no dividends or stock bonuses declared[55]. - The company has no significant litigation or arbitration matters during the reporting period[65]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[64]. Environmental Responsibility - The company is not classified as a key pollutant discharge unit and adheres to national environmental protection laws and regulations[57]. - The company promotes green office practices and has implemented measures such as paperless operations and waste classification in its facilities[59]. - The company continues to support local government initiatives for environmental sustainability, including the use of solar lighting and eco-friendly materials[59]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 18,159[71]. - The top ten shareholders hold a total of 31.02% and 21.43% of shares respectively, with the largest shareholder, Chen Zhenhua, holding 174,364,155 shares[73]. Accounting Policies - The financial statements are prepared based on the principle of going concern[120]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements reflect the true financial position and operating results[122]. - The company recognizes expected credit losses for accounts receivable based on significant increases in credit risk[131]. - The company recognizes revenue when control of goods or services is transferred to customers, measuring it based on the transaction price allocated to performance obligations[159].

Financial Performance - Net profit attributable to shareholders was CNY 623,789.90, representing a decline of 84.80% year-on-year[5]. - Operating revenue for the period was CNY 11,555,821.06, down 22.36% from the same period last year[5]. - Basic earnings per share decreased to CNY 0.0011, down 89.00% year-on-year[5]. - Net profit fell by 84.80% to ¥623,789.90, driven by decreased revenue and total profit[13]. - Basic earnings per share decreased by 89.00% to ¥0.0011 due to reduced sales and increased share capital[13]. - The company's revenue for Q1 2021 was CNY 11,555,821.06, a decrease of 22.5% compared to CNY 14,884,182.25 in Q1 2020[23]. - The net profit for Q1 2021 was CNY 623,789.90, down 84.8% from CNY 4,103,911.19 in Q1 2020[24]. - Research and development expenses for Q1 2021 were CNY 3,060,127.80, a decrease of 24.2% from CNY 4,037,335.14 in Q1 2020[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 776,357,053.11, a decrease of 0.12% compared to the end of the previous year[5]. - The total liabilities at the end of Q1 2021 were CNY 19,319,660.16, compared to CNY 20,896,273.08 at the end of Q1 2020[23]. - Cash and cash equivalents at the end of Q1 2021 were CNY 454,695,060.21, up from CNY 224,569,949.67 at the end of Q1 2020[28]. - The total equity at the end of Q1 2021 was CNY 757,037,392.95, slightly up from CNY 756,413,603.05 at the end of Q1 2020[23]. Cash Flow - Net cash flow from operating activities increased significantly to CNY 5,582,907.89, a rise of 905.79% compared to the previous year[5]. - Operating cash flow for Q1 2021 was CNY 5,582,907.89, significantly improved from CNY 555,077.98 in Q1 2020[27]. - Cash received from tax refunds increased by 44.96% to ¥644,452.52, attributed to higher software tax refunds[13]. - The company experienced a net cash increase of CNY 4,158,778.39 in Q1 2021, compared to a decrease of CNY 228,055,323.42 in Q1 2020[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,850[9]. - The largest shareholder, Chen Zhenhua, held 31.02% of the shares, totaling 174,364,155 shares[10]. Government Subsidies and Other Income - The company received a government subsidy of CNY 100,000 related to the Harbin High-tech Enterprise Cultivation Award[7]. - Non-recurring gains and losses amounted to CNY 36,715.88, with a notable loss from debt transfer of CNY 99,788.80[8]. Changes in Assets - Prepayments increased by 229.11% to ¥803,318.68 due to prepayment of software service fees[12]. - Construction in progress rose by 37.15% to ¥1,955,188.86 as ongoing projects increased[12]. - Accounts payable decreased by 64.58% to ¥1,773,486.28 due to the settlement of maturing notes[12]. - Contract liabilities increased by 136.91% to ¥129,661.81 as advance payments received grew[12]. - Cash paid for the purchase of fixed assets increased by 663.48% to ¥1,424,129.50 due to partial project payments[13]. Future Outlook - The company anticipates significant changes in cumulative net profit compared to the previous year due to reduced government subsidies and market uncertainties[16].

Financial Performance - The company's total revenue for 2020 was ¥84,542,423.71, a decrease of 38.78% compared to ¥138,100,071.92 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥15,695,295.21, down 31.31% from ¥22,850,985.96 in 2019[21]. - The net profit after deducting non-recurring gains and losses was ¥1,321,160.43, a significant decline of 88.86% from ¥11,857,828.26 in 2019[21]. - The basic earnings per share for 2020 was ¥0.03, a decrease of 25.00% from ¥0.04 in 2019[22]. - The weighted average return on equity for 2020 was 2.22%, down 1.31 percentage points from 3.53% in 2019[22]. - The decline in revenue was attributed to reduced demand in the large and medium-sized bus market due to the COVID-19 pandemic[23]. - The company faced challenges in maintaining profitability due to decreased revenue and gross margin, alongside fixed cost amortization[23]. - The company reported a net profit of 15,695,295.21 RMB for 2020, with no profit distribution planned for the year[83]. - The company reported a net loss for 2020, with a significant drop in profitability compared to the previous year[190]. - The company's net profit for 2020 was CNY 15,695,295.21, a decrease of 31.2% compared to CNY 22,850,985.96 in 2019[191]. Assets and Liabilities - The company's total assets decreased by 5.68% to ¥777,309,876.13 at the end of 2020, compared to ¥824,160,765.49 at the end of 2019[21]. - Total assets decreased to CNY 777,309,876.13 in 2020 from CNY 824,160,765.49 in 2019, a reduction of 5.7%[188]. - Total liabilities decreased to CNY 20,896,273.08 in 2020 from CNY 108,861,122.49 in 2019, a significant decline of 80.8%[188]. - The company's total assets showed a significant reduction in prepaid expenses by 73.69%, down to ¥244,090.80, indicating a decrease in advance payments for procurement[67]. - The accounts payable decreased by 44.33% to ¥12,507,138.24, reflecting a reduction in procurement volume during the reporting period[69]. - The company's retained earnings decreased by 40.54% to ¥45,797,603.89 due to cash dividend distribution[69]. Cash Flow - The company reported a total cash flow from operating activities of approximately ¥34.24 million for the year 2020[26]. - The net cash flow from operating activities decreased by 12.11% to ¥48,018,390.36 compared to the previous year[64]. - The cash flow from investment activities showed a net inflow of CNY 2,399,048.95, recovering from a net outflow of CNY -18,690,492.02 in the previous year[194]. - The total cash and cash equivalents at the end of the period decreased by 0.46% to ¥450,536,281.82[64]. Research and Development - R&D investment accounted for 14.94% of sales revenue, with 12 new patents and 3 software copyrights obtained during the reporting period[41]. - Research and development expenses totaled ¥12,630,001.67, accounting for 14.94% of operating revenue[62]. - The number of R&D personnel was 68, representing 24.55% of the total workforce[62]. Market and Industry Outlook - The company anticipates growth in the automotive electronics industry driven by increasing demand for environmental protection, safety, and intelligence in vehicles[33]. - The market for new energy buses is expected to grow due to government policies and urban development, providing significant opportunities for the company[32]. - The automotive electronics industry is projected to grow further, driven by technological innovation and government support for electric and intelligent vehicles[72]. - The company is focusing on the development of new energy buses, which are expected to gain market opportunities due to urban construction and population growth[72]. Corporate Governance and Management - The company has implemented a robust corporate governance structure and enhanced information disclosure practices in line with new regulations[105]. - The company emphasizes compliance with tax laws and has consistently fulfilled its tax obligations, contributing to social responsibility[105]. - The company has established a sound internal control and risk management system to ensure compliance and operational efficiency[105]. - The company has appointed Lixin Accounting Firm as the auditor for the fiscal year 2020, with a remuneration of CNY 300,000[92]. Strategic Initiatives - The company plans to enhance product quality control and improve management levels to adapt to the competitive market environment[42]. - The company plans to enhance its existing CAN bus business and expand into the Internet of Vehicles (IoV) sector in the Yangtze River Delta region[75]. - The company aims to establish a wholly-owned subsidiary to collaborate with market-oriented investment institutions to set up an industrial investment fund for strategic project investments[75]. - The company is focusing on internal transfers of equity, with no significant movements reported in capital reserves or surplus reserves[200]. Shareholder Information - The total share capital of the company reached 562,079,807 shares, an increase from 453,335,227 shares at the beginning of the year[119]. - The top five customers accounted for 68.33% of total annual sales, with no sales to related parties[59]. - The company has no significant related party transactions during the reporting period[96]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[95].

证券代码：603023 证券简称：威帝股份 公告编号：2020-061 哈尔滨威帝电子股份有限公司 关于参加投资者网上集体接待日活动的公告 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、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，哈尔滨威帝电子股份有限公司（以下简 称"公司"）将参加由黑龙江省上市公司协会、深圳市全景网络有限公司共同举 办的"黑龙江省上市公司 2020 年度投资者网上集体接待日"活动，现将有关事 项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆"全景·路演天下"网站（http://rs.p5w.net）参与公司 本次投资者集体接待日活动,时间为 2020 年 11 月 12 日 14:00 至 16:30。 届时公司财务总监兼董事会秘书郁琼女士、证券事务代表周宝田先生将通过 网络在线问答互动的形式，与投资者就公司治理、发展经营情况、融资情况和可 持续发展等投资者关注的问题进行交流。期间，公司高管将全程在线，实时回答 投资者的提问。 欢迎广大投资者积极参与。 特此公告 ...

Financial Performance - Net profit attributable to shareholders decreased by 56.37% to CNY 8,823,137.03 for the first nine months of the year[6]. - Operating revenue for the first nine months decreased by 44.84% to CNY 54,218,760.49 compared to the same period last year[6]. - The company reported a net loss of CNY 2,613,160.51 after deducting non-recurring gains and losses for the first nine months[6]. - The net profit for Q3 2020 was $8.82 million, down 56.37% from $20.22 million year-on-year, reflecting the adverse effects of the pandemic and reduced market demand[14]. - In Q3 2020, the company's operating revenue was CNY 15,982,231.82, a decrease of 57.8% compared to CNY 37,831,559.36 in Q3 2019[27]. - The net profit for Q3 2020 was CNY 177,882.99, down 97.4% from CNY 6,905,591.80 in Q3 2019[28]. - The company’s total comprehensive income for the first three quarters of 2020 was CNY 8,823,137.03, down from CNY 20,224,411.04 in the same period of 2019[29]. Assets and Liabilities - Total assets decreased by 5.82% to CNY 776,171,384.70 compared to the end of the previous year[6]. - Cash and cash equivalents decreased by 59.64% to $182.67 million from $452.63 million at the end of 2019, due to the purchase of trading financial assets[13]. - The company’s total liabilities decreased by 37.63% in notes payable, reflecting a decline in sales and reduced procurement[13]. - Total liabilities decreased to CNY 26,185,660.42 from CNY 108,861,122.49 in the previous year[25]. - Shareholders' equity increased to CNY 749,985,724.28 from CNY 715,299,643.00 at the end of 2019[25]. Cash Flow - Net cash flow from operating activities increased by 299.87% to CNY 40,721,846.03 for the first nine months[6]. - The company reported a net cash flow from operating activities of CNY 40,721,846.03 for the first three quarters of 2020, compared to CNY 10,183,705.37 in the same period of 2019[31]. - Investment activities resulted in a net cash outflow of CNY 258,331,744.63 in the first three quarters of 2020, compared to a net outflow of CNY 160,835,540.70 in the same period of 2019[32]. - The total cash and cash equivalents at the end of Q3 2020 were CNY 182,672,023.67, down from CNY 266,413,905.76 at the end of Q3 2019[32]. Shareholder Information - The total number of shareholders reached 23,478 at the end of the reporting period[11]. - The largest shareholder, Chen Zhenhua, holds 41.36% of the shares[11]. - The company plans to transfer a total of 21.43% of its shares, with the controlling shareholder changing from Chen Zhenhua to Lishui Jiuyou Fund[19]. Other Financial Metrics - Basic earnings per share decreased by 60.00% to CNY 0.02[7]. - The weighted average return on equity decreased by 1.86 percentage points to 1.25%[7]. - Basic earnings per share for the first three quarters of 2020 were CNY 0.02, with net assets per share at CNY 1.33 after the capital change[18]. - Basic earnings per share for Q3 2020 were CNY 0.00, compared to CNY 0.02 in Q3 2019[29]. - The gross profit margin for Q3 2020 was approximately 35.5%, compared to 47.3% in Q3 2019[27]. Government Support and Investments - The company received government subsidies amounting to CNY 5,031,157.62 during the reporting period[8]. - Investment income increased by 48.50% to $6.33 million, attributed to a higher amount of redeemed bank financial products[14]. - The cash flow from investment activities increased by 161.10% to $1.15 billion, driven by higher purchases of bank financial products[15]. - The company redeemed all convertible bonds during the reporting period, resulting in a 100% decrease in payable bonds and other equity instruments[13]. R&D and Expenses - Research and development expenses in Q3 2020 were CNY 3,917,807.05, slightly down from CNY 4,062,891.72 in Q3 2019[27]. - The company recorded a financial expense of CNY 1,234,014.72 in Q3 2020, significantly lower than CNY 3,584,076.20 in Q3 2019[27].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥38,236,528.67, a decrease of 36.76% compared to ¥60,457,888.11 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥8,645,254.04, down 35.09% from ¥13,318,819.24 in the previous year[17]. - Basic earnings per share decreased by 50.00% to ¥0.02 from ¥0.04 in the same period last year[18]. - The diluted earnings per share decreased by 25.00% to ¥0.03 from ¥0.04 in the previous year[18]. - The weighted average return on net assets decreased by 0.82 percentage points to 1.20% from 2.02% in the previous year[18]. - The company faced challenges due to the global outbreak of COVID-19, which impacted normal production and operations, leading to reduced sales revenue and lower gross margins[19]. - The company reported a total share capital of RMB 539,677,402 as of June 30, 2020[125]. - The company distributed dividends totaling 45,347,293.60 RMB to shareholders during the period[119]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥34,792,128.27, compared to a negative cash flow of -¥3,719,100.80 in the same period last year, representing a 1,035.50% increase[17]. - The total assets decreased by 4.76% to ¥784,958,128.44 from ¥824,160,765.49 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 5.04% to ¥679,255,156.74 from ¥715,299,643.00 at the end of the previous year[17]. - The company's total assets included CNY 433.77 million in trading financial assets, reflecting an increase due to investments in bank wealth management products[42]. - The company's cash and cash equivalents decreased due to the purchase of trading financial assets[27]. - The ending cash and cash equivalents balance was 13,390,873.71 RMB, down from 212,769,623.54 RMB at the end of the previous period[115]. Investment and R&D - The company reported an investment income of CNY 5,991,887.13 from purchasing bank wealth management products during the reporting period[22]. - Research and development expenses accounted for 18.62% of operating revenue, with a total of CNY 7.12 million invested in R&D[34]. - The company added 10 new patents and 2 software copyrights during the reporting period[34]. - The company is actively developing the Weidi Cloud Bus Internet of Vehicles service platform to enhance operational efficiency and create new value opportunities[34]. Market and Competition - The company aims to expand its market presence by leveraging its strong brand recognition among major bus manufacturers[30]. - Increased market competition is a concern, with more competitors entering the bus body electronics market, potentially affecting the company's market share and profitability[47]. - The Chinese bus industry saw a total sales volume of 55,000 units for buses over 5 meters from January to June 2020, representing a year-on-year decline of 28.2%[26]. Risks and Challenges - The company faces risks related to changes in industrial policies that could significantly impact its operations and profitability in the automotive electronics sector[47]. - There is a risk of insufficient technical talent, as the automotive electronics industry requires experienced R&D teams for product innovation and technological iteration[47]. - The issuance of convertible bonds may dilute the company's earnings per share and return on equity, posing a risk during the conversion period[48]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve increase for the half-year period, indicating a focus on reinvestment[51]. - The company has committed to not exceeding 25% of its shares for transfer during the tenure of its directors, ensuring stability in shareholding[53]. - The company has made commitments to not interfere with its operational management and to protect shareholder interests, aligning with regulatory requirements[53]. - The top three shareholders hold a combined 58.19% of the total shares, with Chen Zhenhua holding 43.08%[86]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period, ensuring stability in governance[88]. Accounting and Compliance - The company has retained Lixin Certified Public Accountants as its financial audit and internal control audit firm for the 2020 fiscal year[58]. - There were no significant lawsuits or arbitration matters during the reporting period[58]. - The company has not made any significant changes to its accounting firm during the reporting period[58]. - The company’s accounting policies comply with the requirements of enterprise accounting standards, reflecting true and complete financial information[130]. - The company confirmed that fixed assets are recognized when economic benefits are likely to flow into the enterprise and the cost can be reliably measured[141]. Convertible Bonds - The company issued 2 million convertible bonds with a total amount of 20 million yuan, which began trading on August 13, 2018[62]. - The initial conversion price for the convertible bonds was set at 5.92 yuan per share, adjusted to 4.85 yuan after the 2018 profit distribution[63]. - The conversion price was further adjusted to 3.99 yuan per share following the 2019 profit distribution[63]. - The total number of convertible bondholders at the end of the reporting period is 4,884[64]. - The company has triggered the redemption clause for the convertible bonds, as the stock price was above 130% of the conversion price for at least 20 trading days[72]. Environmental and Social Responsibility - The company promotes green practices and adheres to environmental regulations, encouraging low-carbon living and waste sorting among employees[74].

Financial Performance - The company's net profit attributable to shareholders for 2019 was CNY 22,850,985.96, a decrease of 64.93% compared to CNY 65,165,768.43 in 2018[5]. - Total operating revenue for 2019 was CNY 138,100,071.92, down 31.63% from CNY 201,998,046.98 in the previous year[20]. - The net cash flow from operating activities was CNY 54,632,146.68, representing a decline of 32.50% compared to CNY 80,935,297.35 in 2018[20]. - The company's operating revenue decreased due to the overall decline in the bus industry and the reduction of new energy subsidies, leading to a drop in sales volume[21]. - Net profit attributable to shareholders decreased due to reduced sales revenue and lower gross margin caused by rising raw material prices and increased labor costs[21]. - Basic earnings per share decreased by 72.22% to CNY 0.05, while diluted earnings per share decreased by 61.11% to CNY 0.07 compared to the previous year[21]. - The weighted average return on equity decreased by 7.76 percentage points to 3.53%[21]. - The company reported a total operating revenue of CNY 39,810,624.45 in Q4 2019, with a net profit of CNY 2,626,574.92 attributable to shareholders[24]. - The company achieved operating revenue of CNY 138.1 million, a decrease of 31.63% compared to the previous year[41]. - The net profit attributable to shareholders was CNY 22.85 million, down 64.93% year-on-year[41]. Assets and Liabilities - The company's total assets as of December 31, 2019, were CNY 824,160,765.49, a decrease of 2.51% from CNY 845,364,948.51 at the end of 2018[20]. - The total liabilities decreased by 43.90% to CNY 108.86 million, resulting in an asset-liability ratio of 13.21%[41]. - The total assets at the end of the reporting period amounted to CNY 824,160,765.49, down from CNY 845,364,948.51 at the beginning of the period, indicating a decrease of approximately 2.7%[125]. - The total liabilities decreased significantly from CNY 194,051,674.30 to CNY 108,861,122.49, resulting in a reduction of the debt-to-asset ratio from 22.95% to 13.21%[125]. Research and Development - Research and development expenses accounted for 11.07% of total revenue, with a focus on new products like full LCD dashboards and cloud bus vehicle networking systems[39]. - Research and development expenses increased by 11.67% to CNY 15,289,454.45, representing 11.07% of total operating revenue[56]. - The company added 4 new patents during the reporting period, including 1 invention patent[39]. Dividend and Shareholder Information - The company proposed a cash dividend of CNY 1.00 per 10 shares and a capital reserve transfer of 1.9 shares for every 10 shares held[5]. - In 2019, the company distributed a cash dividend of 1.00 RMB per 10 shares, totaling 45,333,522.70 RMB, which represents 198.39% of the net profit attributable to ordinary shareholders[80]. - The cash dividend for 2018 was 1.00 RMB per 10 shares, amounting to 36,000,000.00 RMB, which accounted for 55.24% of the net profit attributable to ordinary shareholders[80]. - The company did not propose a cash profit distribution plan for the reporting period despite having a positive profit available for distribution to ordinary shareholders[80]. Market and Industry Outlook - The bus industry experienced a decline in sales, with 134,300 buses sold in 2019, a decrease of 11.31% from 2018[30]. - The company anticipates growth opportunities in the new energy bus market due to increasing demand for environmentally friendly transportation solutions[30]. - The automotive electronics market is projected to reach ¥700 billion by 2020, with an annual growth rate of approximately 10% from 2018 to 2020[69]. - The company aims for a 5% year-on-year revenue growth in 2020, although this is subject to various uncertainties in the industry[71]. Risks and Challenges - The company has acknowledged potential risks in its future development, as detailed in the report[6]. - The company faces risks from changes in industrial policies and potential reductions in government support for the automotive electronics industry[73]. - The company is affected by fluctuations in new energy vehicle subsidy policies, which can impact order volumes significantly[73]. - The company is exposed to market competition risks as more competitors enter the bus body electronics industry[74]. Financial Management and Governance - The report includes a standard unqualified audit opinion from the accounting firm[4]. - The company emphasizes that forward-looking statements do not constitute a commitment to investors and advises caution regarding investment risks[5]. - The company has implemented new accounting policies effective from 2019, which do not require retrospective adjustments for prior financial data[84]. - The company has no significant litigation or arbitration matters during the reporting period[88]. - The company has a robust internal control system, with an audit report confirming its effectiveness[156]. Employee and Management Information - The company has a total of 310 employees, with 156 in technical roles and 105 in production[145]. - The employee compensation structure includes a base salary and year-end bonuses linked to annual performance[146]. - The company has implemented a comprehensive training program to enhance employee skills and adapt to market changes[147]. - The board of directors and supervisors underwent a complete re-election process during the reporting period[143]. Convertible Bonds - The company issued 2 million convertible bonds with a total amount of 200 million RMB, with a maturity of 5 years[104]. - The total number of convertible bondholders at the end of the reporting period was 4,109[106]. - The company converted 103.48 million RMB of convertible bonds into 21,330,168 shares, representing 5.93% of the total shares before conversion[109]. - The company plans to use cash flows from operating activities to repay the principal and interest of the convertible bonds in the future[112].

Financial Performance - Net profit attributable to shareholders was CNY 4,103,911.19, a decrease of 62.71% year-on-year[5] - Operating revenue for the period was CNY 14,884,182.25, down 57.15% compared to the same period last year[5] - Basic earnings per share were CNY 0.01, down 66.67% from CNY 0.03 in the same period last year[5] - Operating revenue fell by 57.15% to ¥14,884,182.25, primarily impacted by the COVID-19 pandemic[14] - Net profit decreased by 62.71% to ¥4,103,911.19, reflecting reduced sales revenue due to the pandemic[14] - Basic earnings per share dropped by 66.67% to ¥0.01, influenced by decreased net profit and increased share capital[14] Cash Flow and Assets - The net cash flow from operating activities was CNY 555,077.98, a significant improvement of 131.18% compared to a negative cash flow of CNY -1,780,312.17 in the previous year[5] - Cash flow from operating activities generated a net cash inflow of ¥555,077.98, compared to a net outflow of ¥1,780,312.17 in Q1 2019[26] - Cash and cash equivalents decreased by 50.39% to ¥22,456,999.67 due to the purchase of trading financial assets during the reporting period[13] - Cash and cash equivalents at the end of Q1 2020 were ¥224,569,949.67, down from ¥293,074,397.13 at the end of Q1 2019[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,585[10] - The largest shareholder, Chen Zhenhua, holds 43.08% of the shares, with 92,664,093 shares pledged[10] Government Support - The company received government subsidies amounting to CNY 4,846,000.00, which are closely related to its normal business operations[8] Investment and Liabilities - The company reported a significant investment cash outflow of ¥444,886,531.00 in Q1 2020, compared to ¥167,107,811.82 in Q1 2019[27] - Total liabilities reached $108,861,122.49, consisting of current liabilities of $35,577,498.91 and non-current liabilities of $73,283,623.58[30] - The company has a total of $73,283,623.58 in bonds payable, reflecting its long-term financing strategy[30] Equity and Assets - Total assets at the end of the reporting period were CNY 827,524,380.29, an increase of 0.41% compared to the end of the previous year[5] - The total equity increased to ¥719,863,066.82 from ¥715,299,643.00 year-over-year[20] - The total equity represents approximately 86.8% of total assets, indicating a strong capital structure[30] Research and Development - Research and development expenses increased to ¥4,037,335.14, up 18.3% from ¥3,412,424.05 in Q1 2019[23] Other Financial Metrics - The company reported a total of CNY 6,925,566.44 in non-recurring gains and losses for the period[8] - Investment income increased by 520.40% to ¥1,548,818.45, driven by higher interest from structured deposits[13] - Other receivables increased by 33.51% to ¥1,179,464.77 due to increased prepaid software service fees[13] - Construction in progress rose by 31.72% to ¥1,138,431.91, reflecting ongoing investments in construction projects[13]

Financial Performance - Operating revenue for the year-to-date was CNY 98,289,447.47, down 15.50% year-on-year [7]. - Net profit attributable to shareholders of the listed company decreased by 44.13% to CNY 20,224,411.04 compared to the same period last year [7]. - Basic earnings per share were CNY 0.05, a decrease of 50.00% compared to the same period last year [8]. - The weighted average return on equity was 3.11%, down 3.26 percentage points from the previous year [8]. - The company reported a 32.21% increase in investment income to ¥4,260,429.87, driven by higher interest income from financial products [15]. - The operating profit for the first three quarters of 2019 was CNY 23,688,340.96, down from CNY 42,664,243.16 in the same period of 2018, indicating a decline of about 44.4% [26]. - The net profit for the first three quarters of 2019 was CNY 20,224,411.04, down from CNY 36,197,875.52 in the same period of 2018, indicating a decline of about 44.2% [26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 816,134,126.56, a decrease of 3.46% compared to the end of the previous year [7]. - Total liabilities decreased by 40.73% to ¥82,044,763.94, as some convertible bonds were converted into equity [13]. - The total assets as of September 30, 2019, were CNY 816,134,126.56, a decrease from CNY 845,364,948.51 at the end of 2018, reflecting a reduction of approximately 3.5% [23]. - The total liabilities decreased to CNY 115,564,083.62 from CNY 194,051,674.30, showing a significant reduction of about 40.3% [23]. - Total liabilities amounted to $194,051,674.30, with non-current liabilities at $138,424,079.32 [33]. Cash Flow - The net cash flow from operating activities was CNY 10,183,705.37, a significant decrease of 63.26% compared to the previous year [7]. - Cash flow from operating activities for the first nine months of 2019 was CNY 10,183,705.37, a decrease of 63.2% from CNY 27,715,066.91 in the same period of 2018 [29]. - The net cash flow from investment activities was negative at CNY -160,835,540.70, contrasting with a positive CNY 11,938,334.46 in the same period of 2018 [29]. - The net cash flow from financing activities was CNY -36,851,745.13, down from CNY 157,274,597.10 in the previous year, showing a significant decline [30]. - Cash and cash equivalents decreased by 41.31% to ¥266,413,905.76, as funds were used to purchase trading financial assets [13]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,257 [10]. - The largest shareholder, Chen Zhenhua, held 43.85% of the shares, with 92,664,093 shares pledged [10]. Financial Expenses - Financial expenses increased by 1,221.22% to ¥8,802,303.85 due to rising interest costs from convertible bonds [13]. - Interest expenses rose by 365.23% to ¥10,314,200.87, attributed to increased costs from convertible bonds [13]. Equity - Net assets attributable to shareholders of the listed company increased by 7.56% to CNY 700,570,042.94 compared to the end of the previous year [7]. - The company's total equity increased to CNY 700,570,042.94 as of September 30, 2019, from CNY 651,313,274.21 at the end of 2018, representing a growth of approximately 7.5% [23]. - Total equity reached $651,313,274.21, including paid-in capital of $360,000,000.00 and retained earnings of $164,460,832.74 [33]. Research and Development - Research and development expenses for the first three quarters of 2019 amounted to CNY 10,892,335.42, compared to CNY 9,320,032.92 in the same period of 2018, an increase of about 16.9% [26]. Inventory - The company's inventory as of September 30, 2019, was CNY 104,665,111.82, up from CNY 96,324,802.66 at the end of 2018, indicating an increase of approximately 8.8% [22]. Financial Standards - The company adopted new financial instrument standards effective January 1, 2019, impacting the classification of financial assets [33].