证券代码：603105 证券简称：芯能科技 公告编号：临 2023-035 浙江芯能光伏科技股份有限公司 关于回复上海证券交易所《关于浙江芯能光伏科技 股份有限公司向不特定对象发行可转换公司债券的 上市审核委员会会议意见落实函》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法律责任。 浙江芯能光伏科技股份有限公司（以下简称"公司"）于2023年8月13日收到上海证 券交易所（以下简称"上交所"）出具的《关于浙江芯能光伏科技股份有限公司向不特 定对象发行可转换公司债券的上市审核委员会会议意见落实函》（上证上审（再融资） 〔2023〕572号）（以下简称"落实函"），上交所对公司向不特定对象发行可转换公司 债券的申请文件进行了审核，并形成了落实问题。 公司收到《落实函》后，会同相关中介机构按照要求提交了相关文件，具体内容详 见公司同日在上交所网站（www.sse.com.cn）披露的《关于浙江芯能光伏科技股份有限 公司向不特定对象发行可转换公司债券上市审核委员会会议意见落实函的回复》等相关 文件。 公司本次向不特定对象发行可转换公司 ...

股票代码：603105 股票简称：芯能科技 关于浙江芯能光伏科技股份有限公司 向不特定对象发行可转换公司债券 上市审核委员会会议意见落实函的回复 保荐机构（主承销商） $$\Xi{\bf O}\equiv\Xi\rlap{\nwarrow}\Xi/\backslash\Xi$$ 浙江芯能光伏科技股份有限公司 上市委会议意见落实函的回复 上海证券交易所： 贵所于 2023 年 8 月 13 日出具的《关于浙江芯能光伏科技股份有限公司向不 特定对象发行可转换公司债券的上市审核委员会会议意见落实函》（上证上审（再 融资）〔2023〕572 号，以下简称"《落实函》"）已收悉。浙江芯能光伏科技股 份有限公司（以下简称"芯能科技""公司"或"发行人"）会同招商证券股份有 限公司（以下简称"招商证券""保荐机构"），本着勤勉尽责、诚实守信的原则， 就《落实函》所列问题进行了认真核查和逐项落实。现将贵所《落实函》有关问 题的落实情况汇报如下，请予审核。 说明： 1、如无特别说明，本《落实函》回复报告（以下简称"本回复报告"）引用 简称或名词的释义与《浙江芯能光伏科技股份有限公司向不特定对象发行可转换 公司债券募集说明书》中 ...

浙江芯能光伏科技股份有限公司 证券代码：603105 证券简称：芯能科技 公告编号：临 2023-034 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 浙江芯能光伏科技股份有限公司（以下简称"公司"）于2023年8月13日收到上海证 券交易所（以下简称"上交所"）出具的《关于浙江芯能光伏科技股份有限公司向不特 定对象发行可转换公司债券的上市审核委员会会议意见落实函》（上证上审（再融资） 〔2023〕572号）（以下简称"落实函"），上交所上市审核委员会对公司向不特定对象 发行可转换公司债券的申请文件进行了审核，并形成了落实问题。 落实函中要求公司根据募集说明书信息披露内容与格式准则要求，在募集说明书中 进一步补充披露募投项目实施准备和进展情况、主要募投项目的预计效益及测算依据。 要求保荐人发表明确核查意见。 公司将按照上述落实函的要求，同相关中介机构逐项落实并及时提交对落实函的回 复，回复内容将通过临时公告方式进行披露，并在披露后通过上交所发行上市审核业务 系统报送相关文件。 公司本次向不特定对象发行可转换公司债券事项尚需获得中国证券监督管理委员 会（以下简称"中国证监会"）做出同意注册的决定后方 ...

证券代码：603105 证券简称：芯能科技 公告编号：临 2023-033 浙江芯能光伏科技股份有限公司 关于向不特定对象发行可转换公司债券申请 获得上海证券交易所上市审核委员会审议通过的公告 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法律责任。 上海证券交易所上市审核委员会于2023年8月11日召开2023年第72次上市审核委员 会审议会议，对浙江芯能光伏科技股份有限公司（以下简称"公司"）向不特定对象发 行可转换公司债券的申请进行了审议。根据会议审议结果，公司本次向不特定对象发行 可转换公司债券的申请符合发行条件、上市条件和信息披露要求。 公司本次向不特定对象发行可转换公司债券事项尚需获得中国证券监督管理委员 会（以下简称"中国证监会"）做出同意注册的决定后方可实施，最终能否获得中国证 监会同意注册的决定及其时间尚存在不确定性。公司将根据该事项的进展情况，严格按 照相关法律法规的规定和要求及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 浙江芯能光伏科技股份有限公司 董事会 2023 年 8 月 12 日 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥127,352,218.72, representing a year-on-year increase of 9.13%[2] - The net profit attributable to shareholders was ¥30,075,853.78, a significant increase of 180.05% compared to the same period last year[2] - Basic earnings per share were ¥0.06, reflecting a 200.00% increase from the previous year[2] - Operating profit for Q1 2023 was RMB 34,052,301.71, significantly higher than RMB 12,491,612.13 in Q1 2022, indicating a year-over-year increase of approximately 172.5%[13] - Net profit for Q1 2023 reached RMB 30,075,853.78, compared to RMB 10,739,414.22 in Q1 2022, reflecting a growth of around 179.5%[13] Cash Flow - The net cash flow from operating activities reached ¥37,938,582.67, marking a 191.65% increase year-on-year[2] - Cash flow from operating activities for Q1 2023 was ¥37,938,582.67, significantly higher than ¥13,008,040.05 in Q1 2022, marking an increase of approximately 191.5%[15] - The company incurred cash outflows for operating activities totaling ¥61,856,737.42 in Q1 2023, compared to ¥108,537,621.33 in Q1 2022, indicating a decrease of approximately 43%[15] - Total cash inflow from investment activities was ¥56,306,643.11 in Q1 2023, compared to ¥5,811,711.61 in Q1 2022, showing a substantial increase[16] - The company’s investment activities resulted in a net cash outflow of ¥109,101,517.03 in Q1 2023, compared to a net outflow of ¥63,472,079.61 in Q1 2022, reflecting an increase in investment expenditures[16] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to ¥3,640,122,850.35, up 3.72% from the end of the previous year[3] - Total assets as of March 31, 2023, were RMB 3,640,122,850.35, compared to RMB 3,509,406,813.96 at the end of 2022, indicating a growth of about 3.7%[11] - Total liabilities increased to RMB 1,844,819,588.12 from RMB 1,744,179,405.51, reflecting an increase of approximately 5.8%[11] Shareholder Information - The total equity attributable to shareholders was ¥1,795,303,262.23, an increase of 1.70% from the previous year[3] - The company has a total of 36,885 ordinary shareholders as of the end of the reporting period[5] Government Subsidies and R&D - The increase in net profit was primarily driven by the expansion of the company's self-owned power station scale and a significant rise in photovoltaic power generation[4] - The company received government subsidies related to distributed photovoltaic power generation projects, amounting to ¥1,363,980.49[4] - The company reported R&D expenses of RMB 6,224,054.53 in Q1 2023, up from RMB 3,405,450.91 in Q1 2022, indicating an increase of about 83.1%[13]

证券代码：603105 证券简称：芯能科技 公告编号：临 2023-024 浙江芯能光伏科技股份有限公司 关于参加沪市光伏产业链上市公司 2022 年年报 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 （网址：https://roadshow.sseinfo.com/roadshowDisplay.do?tag=pv） 会议召开方式：上证路演中心网络文字互动 投资者可于 2023 年 4 月 21 日(星期五)至 4 月 26 日(星期三)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 xnkj@sunorensolar.com 向公司提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 浙江芯能光伏科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 16 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度 经营成果、财务状况，公司计划于 2023 年 4 月 27 日下午 13:00-14:00 参加沪市 光伏产业链上市公 ...

Financial Performance - The company's operating revenue for 2022 was approximately CNY 649.88 million, representing a 46% increase compared to CNY 445.13 million in 2021[21]. - The net profit attributable to shareholders for 2022 was approximately CNY 191.53 million, a 74.1% increase from CNY 110.01 million in 2021[21]. - The net profit after deducting non-recurring gains and losses was approximately CNY 187.30 million, which is a 101.57% increase from CNY 92.92 million in 2021[21]. - The cash flow from operating activities for 2022 was approximately CNY 572.88 million, up 51.44% from CNY 378.29 million in 2021[21]. - As of the end of 2022, the total assets were approximately CNY 3.51 billion, an increase of 11.78% from CNY 3.14 billion at the end of 2021[22]. - The net assets attributable to shareholders at the end of 2022 were approximately CNY 1.77 billion, a 9.73% increase from CNY 1.61 billion at the end of 2021[22]. - The basic earnings per share increased to RMB 0.38, representing a growth of 72.73% year-on-year[23]. - The total revenue for the company reached CNY 645,851,163.10, representing a year-on-year increase of 54.98%[85]. - The company reported a total revenue of 1.5 billion in 2021, with a year-over-year growth of 20%[156]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[165]. Business Operations - The company’s self-owned distributed photovoltaic power station capacity reached approximately 726 MW, an increase of about 121 MW from the beginning of the year[32]. - The photovoltaic power generation business revenue was RMB 528.71 million, a year-on-year increase of 29.72%[33]. - The gross profit margin for the photovoltaic power generation business improved to 65.54%, up 5.32 percentage points from the previous year[33]. - The company plans to expand its self-owned distributed power station scale and develop new applications in electric vehicle charging and energy storage[31]. - The company has expanded its research and development team for energy storage products, increasing R&D investment to enhance technological innovation capabilities[39]. - The company aims to support diversified business expansion through stable cash flow generated from self-owned power stations[38]. - The company has established a strong customer stickiness due to the long-term energy management contracts, allowing for deep resource value exploration in future applications like charging piles and commercial energy storage[57]. - The company has a complete distributed photovoltaic industry chain, allowing for lower investment costs compared to industry averages, ensuring quality and stable operation of solar power stations[74]. - The company is actively pursuing EPC projects and DBT business to enhance revenue from rooftop resource development, while also expanding into electric vehicle charging stations[141]. Market Trends and Opportunities - The photovoltaic industry is expected to see significant growth in installed capacity, driven by the national "carbon peak, carbon neutrality" goals[41]. - The increase in average industrial electricity prices due to time-of-use pricing policies has led to higher comprehensive revenue for distributed photovoltaic stations, enhancing investment returns[44]. - The ongoing rise in electricity price differentials between peak and valley periods is expected to accelerate the commercialization of industrial energy storage, despite the recent surge in battery prices[46]. - The "whole county promotion" policy aims to maximize the utilization of idle rooftop resources for distributed photovoltaic installations, increasing market opportunities for EPC and operation and maintenance services[47]. - The company anticipates that the demand for low-cost photovoltaic power will increase significantly due to rising carbon emission costs, creating substantial market opportunities for distributed photovoltaic systems[133]. Environmental Impact and Sustainability - The company has saved approximately 440,000 tons of standard coal and reduced carbon dioxide emissions by about 1.2 million tons annually, contributing to energy cost savings of over 100 million yuan for the real economy[51]. - The company has implemented carbon reduction measures resulting in a decrease of 675,310 tons of CO2 equivalent emissions through the use of clean energy generation[199]. - The company has focused on the construction of self-owned distributed photovoltaic power stations, emphasizing the advantages of solar energy such as sustainability and zero-emission generation[199]. - The company has utilized clean energy to replace fossil fuel consumption, significantly reducing harmful gas emissions[199]. - The company has adhered to various environmental protection laws and regulations, ensuring compliance in its operations[198]. Research and Development - The company holds 132 patents, including 112 utility model patents and 14 invention patents, indicating strong R&D capabilities[78]. - Research and development expenses rose by 53.67% to approximately CNY 17.57 million, reflecting increased investment in energy storage inverter products[80]. - The company is actively researching and developing new technologies related to photovoltaic components and energy storage systems[98]. - The company has conducted extensive market research for household storage products, responding to the growing global demand for energy storage solutions amid rising fossil fuel costs[139]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[151]. - The company has implemented a performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with regulations[152]. - The company maintains effective communication with stakeholders and ensures fair information disclosure to all shareholders[153]. - The company has established a robust internal control and risk management system to enhance operational management and risk prevention capabilities[150]. Strategic Plans - The company plans to allocate 200 million for R&D in new technologies and products in 2022[156]. - The company aims to expand its market presence by entering two new international markets by the end of 2023[156]. - The company plans to revise its corporate governance rules to improve operational transparency[156]. - The company is considering strategic acquisitions to enhance its product portfolio in the renewable energy sector[156].

Financial Performance - The company's operating revenue for Q3 2022 reached ¥224,253,023.44, representing a year-on-year increase of 69.56%[5] - Net profit attributable to shareholders for Q3 2022 was ¥80,558,994.62, a significant increase of 128.78% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.16, up 128.57% year-on-year[6] - Total operating revenue for the first three quarters of 2022 reached ¥518,513,845.57, a significant increase of 50.2% compared to ¥345,067,916.12 in the same period of 2021[20] - Net profit for the third quarter of 2022 was ¥160,813,580.56, representing a 68.6% increase from ¥95,314,784.60 in the same quarter of 2021[22] - The total comprehensive income attributable to the parent company for Q3 2022 was ¥160,813,580.56, compared to ¥95,314,784.60 in Q3 2021, representing a year-over-year increase of approximately 68.5%[23] - Basic and diluted earnings per share for Q3 2022 were both ¥0.32, up from ¥0.19 in Q3 2021, indicating a growth of 68.4%[23] Cash Flow and Liquidity - The company generated a cash flow from operating activities of ¥419,528,333.85 for the year-to-date, a substantial increase of 99.47% compared to the same period last year[5] - Cash inflows from operating activities for the first three quarters of 2022 totaled ¥762,310,122.79, a significant increase of 84.6% compared to ¥412,771,820.83 in the same period of 2021[24] - The net cash flow from operating activities for the first three quarters of 2022 was ¥419,528,333.85, compared to ¥210,319,073.93 in the previous year, reflecting a growth of 99.5%[24] - The total cash and cash equivalents at the end of Q3 2022 were ¥191,170,327.83, compared to ¥88,499,714.14 at the end of Q3 2021, showing an increase of 116.4%[24] - As of September 30, 2022, the company reported cash and cash equivalents of ¥305,008,733.98, an increase from ¥113,182,810.26 at the end of 2021[16] Assets and Liabilities - The total assets of the company at the end of Q3 2022 were ¥3,500,437,960.92, reflecting an increase of 11.49% from the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2022 amounted to ¥3,500,437,960.92, compared to ¥3,139,661,799.45 at the end of the previous year, indicating a growth of 11.5%[18] - Total current assets reached ¥537,014,551.67, up from ¥410,082,375.27 in the previous year, reflecting improved liquidity[16] - The total liabilities of the company reached ¥1,765,928,851.58, up from ¥1,530,966,270.67, reflecting a year-over-year increase of 15.3%[18] - Non-current liabilities totaled ¥1,190,597,144.33, an increase from ¥999,211,204.62 in the previous year, marking a rise of 19.2%[18] Operational Metrics - The average comprehensive electricity price for photovoltaic power generation (excluding subsidies) increased to ¥0.58 per kWh, up from ¥0.47 per kWh in the previous year, marking an increase of ¥0.11 per kWh[10] - The gross profit margin for photovoltaic power generation business improved to 69.10%, an increase of 7.16 percentage points compared to the previous year[10] - The total photovoltaic power generation for the period was 547 million kWh, an increase of 102 million kWh from 445 million kWh in the same period last year[10] - The company's retained earnings increased to ¥449,962,905.10 from ¥324,149,324.54, showing a growth of 38.8%[18] Shareholder Information - The company has a total of 40,263 common shares outstanding, with the largest shareholder, Haining Zhengda, holding 13.98%[13] - The top ten shareholders collectively hold significant stakes, with the largest individual shareholder, Zhang Lizhong, owning 9.86%[13] - The company has engaged in financing activities, with Haining Zhengda holding 35,000,000 shares through margin trading[14] Future Outlook and Strategy - The company expects continued growth in profitability and risk management capabilities due to the expansion of self-owned power stations and increased electricity generation hours[10] - Future outlook remains positive, with ongoing investments in new product development and market expansion strategies[15] - The company is focusing on enhancing its technological capabilities to drive growth in the photovoltaic sector[15] - The company is actively exploring potential mergers and acquisitions to strengthen its market position[15] Research and Development - Research and development expenses for the third quarter of 2022 were ¥14,891,967.50, which is a 103.5% increase compared to ¥7,342,025.13 in the same quarter of 2021[21] Inventory and Costs - The total inventory as of September 30, 2022, was reported at ¥34,399,777.58, slightly down from ¥35,470,885.43[16] - Total operating costs for the third quarter of 2022 were ¥328,505,850.90, up from ¥251,156,680.81 in the previous year, reflecting a year-over-year increase of 30.8%[21] - Cash paid for purchasing goods and services in the first three quarters of 2022 was ¥82,127,261.25, up from ¥47,763,414.59 in the same period of 2021, indicating a rise of 71.8%[24] - The company reported a significant increase in tax payments, totaling ¥39,700,990.72 in Q3 2022, compared to ¥14,378,933.21 in Q3 2021, which is an increase of 176.5%[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥294,260,822.13, representing a 38.27% increase compared to ¥212,810,847.23 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥80,254,585.94, up 33.53% from ¥60,102,337.50 in the previous year[18]. - The net cash flow from operating activities reached ¥268,103,662.54, a significant increase of 183.80% compared to ¥94,469,669.24 in the same period last year[18]. - The total assets at the end of the reporting period were ¥3,408,613,657.99, reflecting an 8.57% increase from ¥3,139,661,799.45 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 2.81% to ¥1,653,950,114.72 from ¥1,608,695,528.78 at the end of the previous year[18]. - The basic earnings per share for the first half of 2022 was ¥0.16, a 33.33% increase from ¥0.12 in the same period last year[18]. - The weighted average return on net assets increased by 1.01 percentage points to 4.87% from 3.86% in the previous year[18]. - The company reported a net profit after deducting non-recurring gains and losses of ¥80,704,163.24, which is a 42.95% increase from ¥56,455,170.47 in the same period last year[18]. - The diluted earnings per share also stood at ¥0.16, marking a 33.33% increase compared to the previous year[18]. Business Operations - The company focuses on distributed photovoltaic (PV) as its core business, including investment and operation of distributed PV power stations, project development, and charging pile investment and operation[22]. - The investment and operation of distributed PV power stations generate stable revenue through electricity sales, with a business model based on "self-consumption and surplus electricity online"[23]. - The company has built and connected a total of 39MW of BIPV projects since 2017, demonstrating mature implementation experience in BIPV solutions[24]. - The revenue from the "self-consumption and surplus electricity online" model is significantly higher than that from "full online" stations, providing a more attractive investment return[24]. - The company has a strong customer stickiness, with electricity fees collected from rooftop resource owners for 20 years, allowing for deep resource value exploration[26]. - The EPC business is expected to see increased revenue due to the gradual implementation of the "whole county promotion" project[27]. - The company has a mature operation and maintenance (O&M) system, which is expected to grow as the demand for O&M services increases[28]. - The company prioritizes the production of PV components to meet its own project needs while also responding to market demand[29]. - The average effective charging hours for the company's operational charging piles can reach 2 hours per day, with an investment payback period of approximately 3-4 years[31]. - The company leverages existing distributed customer resources to reduce costs in charging pile investment, enhancing profitability in this segment[30]. Environmental Impact - The company has provided green solutions for nearly 1,000 enterprises, with a total scale of self-owned distributed photovoltaic projects exceeding 1 GW, generating an annual electricity output of 1 billion kWh, saving approximately 400,000 tons of standard coal, and reducing CO2 emissions by about 1 million tons annually[33]. - The photovoltaic industry is expected to play a leading role in energy transition, with the share of non-fossil energy consumption in China increasing from 8% to 16% over the past decade, and photovoltaic power contributing nearly 3% to this increase[34]. - The company aims to expand its self-owned distributed photovoltaic capacity and accelerate carbon reduction efforts to contribute to the "carbon peak and carbon neutrality" strategic goals[33]. - The annual savings in standard coal amount to over 400,000 tons, with a reduction of over 1 million tons of carbon dioxide emissions and over 30,000 tons of sulfur dioxide emissions[98]. - The company aims to continue expanding the scale of self-owned distributed photovoltaic power stations to accelerate carbon reduction efforts and contribute to the "carbon neutrality" strategic goal[98]. Market and Policy Environment - The introduction of time-of-use electricity pricing and energy consumption dual control policies has increased the average electricity price for large industries, enhancing the revenue potential for self-consumed and surplus electricity sold from distributed photovoltaic stations[37]. - The "whole county promotion" policy encourages the development of distributed photovoltaic systems on idle rooftops, creating more opportunities for collaboration among industry players and increasing the market space for EPC and operation and maintenance services[38]. - The national carbon emissions trading market has officially launched, with photovoltaic power generation expected to benefit from potential revenue through carbon trading mechanisms, enhancing investment returns and stimulating growth in photovoltaic capacity[39]. - The company faces market expansion risks due to increasing competition and varying local industrial policies, despite having a strong foothold in the distributed photovoltaic sector[83]. Research and Development - The company has a total of 117 patents, including 102 utility model patents and 15 invention patents, indicating strong R&D capabilities[55]. - The company has implemented advanced technologies such as HJT and TOPCon to improve the efficiency of photovoltaic components, contributing to a long-term trend of cost reduction and efficiency enhancement in the industry[41]. - The company is actively involved in research and development of new technologies and products, although specific details were not disclosed in the report[136]. Financial Management - The company's financial expenses increased by 11.51% to ¥38,114,778.37 due to increased bank borrowings related to self-owned power stations[71]. - The company’s cash flow is stable, with projected annual revenue from the self-owned power stations expected to reach approximately 520 million yuan, with a gross profit of about 340 million yuan[62]. - The company reported a significant increase in financial expenses, totaling ¥38,114,778.37, compared to ¥34,179,751.72 in the previous year[145]. - The company’s cash and cash equivalents totaled ¥11,542.67 million, with significant portions restricted for bank guarantees and loans[77]. - The company’s tax payable increased to ¥22,954,478.60, reflecting a 67% rise due to the expiration of tax incentives for certain subsidiaries[75]. Corporate Governance - The company commits to not using its position as a major shareholder to engage in any form of competition with the company or to infringe on the rights of other shareholders[106]. - The company guarantees that any profits from competing activities will be returned to the company, and it agrees to compensate for any actual losses incurred by the company due to such competition[106]. - The company and its subsidiaries currently do not engage in any business activities that conflict with the company's operations or create competition[107]. - The company will prioritize any business opportunities that may conflict with its operations in favor of the company[107]. - The company will respect its independent legal status and ensure autonomous decision-making in its operations[107]. - The company will strictly adhere to the Company Law and relevant regulations regarding related party transactions, ensuring no illegal occupation of company funds or assets[110]. Shareholder Information - As of the report date, the total number of ordinary shareholders was 50,248[128]. - The largest shareholder, Haining Zhengda, holds 69,920,000 shares, representing 13.98% of total shares[130]. - Zhang Lizhong, a natural person, holds 49,280,000 shares, accounting for 9.86%[130]. - The company has not experienced any changes in share capital structure during the reporting period[127]. Accounting and Compliance - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, changes in equity, and cash flows[183]. - The accounting period for the company runs from January 1 to December 31 each year[184]. - The company classifies its operating cycle as short, using 12 months as the standard for liquidity classification of assets and liabilities[185]. - The company's accounting currency is Renminbi (RMB)[186]. - The company applies specific accounting treatments for mergers under common control and non-common control, adjusting capital reserves and retained earnings accordingly[187].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 116,692,754.73, representing a year-on-year increase of 35.02%[4] - The net profit attributable to shareholders for the same period was CNY 10,739,414.22, reflecting a growth of 4.51% compared to the previous year[4] - The total revenue for Q1 2022 reached ¥116,692,754.73, a 35% increase from ¥86,424,632.02 in Q1 2021[16] - Net profit for Q1 2022 was ¥10,739,414.22, compared to ¥10,275,811.42 in Q1 2021, indicating a growth of 4.5%[17] - The total comprehensive income for Q1 2022 was ¥10,739,414.22, up from ¥10,275,811.42 in the same period last year, indicating a growth of about 4.5%[18] Cash Flow - The net cash flow from operating activities increased by 49.07%, amounting to CNY 13,008,040.05, primarily due to higher electricity fees received[4] - Cash inflows from operating activities amounted to ¥121,545,661.38 in Q1 2022, compared to ¥107,405,561.72 in Q1 2021, representing an increase of approximately 13.2%[21] - The net cash flow from operating activities for Q1 2022 was ¥13,008,040.05, up from ¥8,725,852.23 in Q1 2021, showing a growth of around 49.1%[21] - Cash inflows from financing activities reached ¥459,350,000.00 in Q1 2022, compared to ¥361,140,000.00 in Q1 2021, marking an increase of about 27.2%[22] - The net cash flow from financing activities was ¥208,663,680.22 in Q1 2022, compared to ¥185,629,156.98 in Q1 2021, reflecting an increase of approximately 12.4%[22] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 3,441,918,945.96, a 9.63% increase from the end of the previous year[5] - Total assets as of March 31, 2022, amounted to ¥3,441,918,945.96, compared to ¥3,139,661,799.45 at the end of 2021, a growth of 10%[14] - Total liabilities increased to ¥1,822,484,002.96 from ¥1,530,966,270.67, reflecting a 19% rise[14] - Long-term borrowings rose to ¥1,126,211,898.27, up from ¥892,000,937.23, indicating a 26% increase[14] Shareholder Information - The top ten shareholders hold a total of 69,920,000 shares, accounting for 13.98% of the company's total shares[9] - Basic and diluted earnings per share remained stable at ¥0.02 for both Q1 2022 and Q1 2021[18] Operational Insights - The company's photovoltaic power generation revenue significantly increased, contributing to a substantial rise in net profit, which, excluding investment activities, was CNY 12,630,100, marking a 558.30% increase year-on-year[7] - The company received government subsidies amounting to CNY 712,796.20, which are closely related to its normal business operations[6] - The company plans to continue expanding its self-owned power station scale, which is expected to enhance profitability and risk prevention capabilities[7] Cost and Expenses - Total operating costs for Q1 2022 were ¥101,367,500.35, up from ¥81,502,051.16 in Q1 2021, reflecting a 24% increase[17] - Research and development expenses for Q1 2022 were ¥3,405,450.91, compared to ¥2,773,995.47 in Q1 2021, a 23% increase[17] Inventory and Receivables - Inventory levels rose to ¥94,722,539.44, up from ¥35,470,885.43, marking a 168% increase[12] - The company reported a significant increase in accounts receivable, which rose to ¥84,657,971.73 from ¥61,203,287.49, a 38% increase[12]