经审核，监事会认为：公司《2023年半年度报告》及其摘要的编制和审议 程序符合法律、法规、《公司章程》和公司内部管理制度的各项规定；报告内 容真实、准确、完整地反映了公司的经营管理和财务状况，不存在任何虚假记 载、误导性陈述或者重大遗漏；未发现参与2023年半年度报告编制和审议的人 员有违反保密规定的行为。监事会一致同意该报告，具体内容详见公司同日披 露的《杭州海兴电力科技股份有限公司2023年半年度报告》及报告摘要。 表决结果：3票赞成，0票反对，0票弃权。 本公司监事会及全体监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。 一、监事会会议召开情况 2023 年 8 月 18 日，杭州海兴电力科技股份有限公司（以下简称"公司"）第 四届监事会第八次会议在公司会议室以现场表决的方式召开。本次会议应参加监 事 3 名，实际参加监事 3 名，占全体监事人数的 100%，符合《公司法》及《公 司章程》等有关规定。本次会议通知于 2023 年 8 月 8 日以电子邮件的形式向各 位监事发出，本次会议由监事会主席丁建华先生主持。 二、监事会会议审议情 ...

2023 年第一季度报告 证券代码：603556 证券简称：海兴电力 2023 年第一季度报告 单位：元 币种：人民币 杭州海兴电力科技股份有限公司 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。 第一季度财务报表是否经审计 □是 √否 | --- | --- | --- | |-----------------------------------------------|---------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度 (%) | | 营业收入 | | 793,322,190.36 18.84% | | 归属于上市公司股东的净利润 | | 175,952,752.95 25.38% | | 归属于上市公司股东的扣除非经常 性损益的净利润 | | 162,787,152.67 32.27% | | 经营活动产生的现金流量净额 | 21,487,239.62 | 不适用 | | 基本每股收益（元/股） | | ...

重要内容提示： 杭州海兴电力科技股份有限公司（以下简称"公司"）已于 2023 年 04 月 21 日发布公司 2022 年年度报告，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 05 月 09 日下午 13:00- 14:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 05 月 09 日 下午 13:00-14:00 证券代码：603556 证券简称：海兴电力 公告编号：2023-013 杭州海兴电力科技股份有限公司 关于召开2022年度业绩说明会的公告 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个别及连带责任。 四、 投资者参加方式 （一）投资者可在 2023 年 05 月 09 日 下午 13:0 ...

□适用 √不适用 (4).研发人员构成发生重大变化的原因及对公司未来发展的影响 □适用 √不适用 5. 现金流 √适用 □不适用 | --- | --- | --- | --- | --- | |------------------------------|-----------------|-----------------|---------|--------------------------------------| | 项目 | 2022 年 | 2021 年 | 同比 | 情况说明 | | 经营活动产生 的现金流量净 额 | 675,296,635.80 | 145,466,631.77 | 364.23% | 主要营收增加、 毛利增加所致 | | 投资活动产生 的现金流量净 额 | -245,991,918.31 | -528,739,533.88 | -53.48% | 主要系投资支 付的现金减少 | | 筹资活动产生 的现金流量净 额 | -186,437,485.21 | -271,079,995.80 | -31.22% | 主要系报告期 内分配股利同 比减少所致 | (二) 非主营业务 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥817,760,199.38, representing an increase of 18.43% year-over-year[2] - The net profit attributable to shareholders for Q3 2022 was ¥174,573,727.88, a significant increase of 664.16% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥167,291,564.13, reflecting a remarkable increase of 1,164.19% year-over-year[2] - The basic earnings per share for Q3 2022 was ¥0.36, an increase of 800.00% compared to the same period last year[3] - Operating profit for the third quarter was ¥527,304,027.97, compared to ¥190,503,131.21 in the previous year, indicating a year-over-year increase of about 176.5%[18] - Net profit attributable to shareholders of the parent company for the third quarter was ¥469,633,349.50, up from ¥177,650,633.71 in the same quarter last year, reflecting a growth of approximately 164.5%[18] - The total comprehensive income for the third quarter was ¥505,030,189.93, compared to ¥170,311,931.56 in the previous year, indicating a substantial increase[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,759,763,598.59, an increase of 7.65% compared to the end of the previous year[3] - The total liabilities increased to ¥1,974,976,856.86 from ¥1,752,463,813.60, marking an increase of about 12.7% year-over-year[16] - The company's total equity attributable to shareholders reached ¥5,781,594,670.23, compared to ¥5,451,774,818.15 in the previous year, showing an increase of approximately 6%[16] - The company's total assets amounted to ¥7,759,763,598.59, an increase from ¥7,208,255,470.41 at the end of 2021, representing a growth of approximately 7.63%[12] - The total current assets were reported at ¥6,707,648,119.94, compared to ¥5,898,732,634.01 in the previous year, reflecting a growth of approximately 13.69%[14] - The total liabilities and equity amounted to ¥7,759,763,598.59, up from ¥7,208,255,470.41 in the previous year, representing an increase of approximately 7.6%[16] Cash Flow - The company reported a net cash flow from operating activities of ¥515,095,325.88 for the year-to-date period[3] - Operating cash inflow for the first three quarters of 2022 reached CNY 2,856,807,398.60, up from CNY 2,310,236,222.87 in the same period of 2021, representing an increase of approximately 23.6%[21] - Net cash flow from operating activities for the first three quarters of 2022 was CNY 515,095,325.88, a significant recovery from a negative cash flow of CNY -37,418,537.97 in the same period of 2021[21] - Cash inflow from investment activities totaled CNY 1,187,959,343.76, a decrease from CNY 3,318,970,321.52 in the previous year, indicating a decline of approximately 64.3%[21] - The net cash flow from investment activities was CNY 11,501,694.11, compared to a negative cash flow of CNY -408,406,579.72 in the same period of 2021, showing a positive turnaround[21] - The ending cash and cash equivalents balance for the third quarter of 2022 was CNY 1,954,063,512.09, compared to CNY 1,637,387,533.78 at the end of the same period in 2021, indicating an increase of approximately 19.3%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,839[8] - The company reported a total of 239,713,292 shares held by Zhejiang Haixing Holding Group Co., Ltd., representing 49.05% of the total shares[10] - The second-largest shareholder, Li Xiaoqing, holds 42,964,103 shares, accounting for 8.79% of the total shares[10] - The company has no shares under pledge, marking a stable shareholder structure[10] Research and Development - Research and development expenses for the first three quarters were ¥180,756,347.56, slightly up from ¥176,274,517.60 in the same period last year, indicating a focus on innovation[17] Operational Strategy - The company did not report any significant changes in its operational strategies or new product developments during the reporting period[12]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,568,936,192.82, representing a 43.56% increase compared to ¥1,092,884,818.45 in the same period last year[14]. - Net profit attributable to shareholders of the listed company was ¥295,059,621.62, a significant increase of 90.60% from ¥154,805,324.43 in the previous year[14]. - The net profit after deducting non-recurring gains and losses was ¥244,828,755.63, which is a 251.29% increase compared to ¥69,694,248.73 in the same period last year[14]. - Basic earnings per share increased by 87.5% to CNY 0.6 compared to CNY 0.32 in the same period last year[15]. - The company's revenue for the reporting period reached CNY 1,568,936,192.82, representing a year-on-year increase of 43.56%[30]. - The net profit attributable to the parent company was CNY 29,505.96 million, showing a significant growth of 90.6% compared to the previous year[30]. - The operating cash flow for the reporting period was CNY 296,829,170.93, a significant increase of 258.71% compared to the previous year[34]. - The total operating costs for the first half of 2022 were ¥1,271,496,763.45, up from ¥1,029,568,796.02, reflecting a year-over-year increase of 23.5%[74]. - Net profit for the first half of 2022 was ¥294,877,983.85, compared to ¥153,923,901.06 in the same period of 2021, representing an increase of 92%[75]. Cash Flow and Assets - The net cash flow from operating activities was ¥296,829,170.93, a turnaround from a negative cash flow of -¥187,028,753.02 in the previous year[14]. - The total assets at the end of the reporting period were ¥7,624,286,634.09, reflecting a 5.77% increase from ¥7,208,255,470.41 at the end of the previous year[14]. - Cash and cash equivalents increased slightly by 0.19% to 3,003,799,333.28 CNY, representing 39.43% of total assets[35]. - Inventory rose by 9.70% to 750,108,099.70 CNY, now comprising 9.85% of total assets[35]. - The total amount of successful bids for smart meter projects from State Grid and Southern Grid increased by about 68% year-on-year[26]. - The total assets as of the end of the reporting period amounted to ¥6,932,550,899.52, up from ¥6,570,629,789.79, indicating a growth of 5.5%[73]. - The company's cash flow from operating activities amounted to CNY 1.93 billion, an increase from CNY 1.42 billion in the same period of 2021[80]. Shareholder Information - The company did not propose any profit distribution during this reporting period[3]. - The total number of ordinary shareholders at the end of the reporting period is 23,714[63]. - The largest shareholder, Zhejiang Haixing Holding Group Co., Ltd., holds 49.05% of the shares, totaling 239,713,292 shares[63]. - Li Xiaoqing increased her shareholding by 26,720,603 shares during the reporting period, bringing her total to 42,964,103 shares, which is 8.79% of the total[63]. - The company has not provided any guarantees for shareholders, actual controllers, or their related parties during the reporting period[59]. Market and Industry Insights - The global smart meter market is projected to grow from USD 11.4 billion in 2022 to USD 15.2 billion by 2026, with a CAGR of 6.7%[25]. - The investment in distribution network construction by State Grid and Southern Grid during the "14th Five-Year Plan" period is expected to reach CNY 1.5 trillion, creating significant development opportunities[27]. - The global smart grid revenue is projected to exceed USD 24 billion by 2023, with a compound annual growth rate of 33.4%[27]. - The company focuses on the power industry, providing green energy and smart energy solutions, with products categorized into smart electricity products, smart distribution products, and new energy products[19]. Risks and Challenges - The company has detailed the risks it faces in the report, urging investors to pay attention[4]. - The company faces risks from overseas market competition, prompting a strategy of localizing operations and enhancing compliance measures[42]. - Supply chain risks have arisen from unstable chip supply and commodity price fluctuations, impacting production costs[45]. - The company has faced management risks in overseas subsidiaries due to varying legal systems and cultural differences, exacerbated by COVID-19 travel restrictions[44]. Accounting and Compliance - The financial statements were approved by the board of directors on August 26, 2022[105]. - The company operates under the accounting standards issued by the Ministry of Finance, ensuring compliance with relevant regulations[107]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[101]. - The company recognizes cash dividends as liabilities upon approval by the shareholders' meeting[182]. Corporate Social Responsibility - The company has actively participated in poverty alleviation initiatives, donating CNY 30,000 and investing CNY 150,000 in infrastructure projects in impoverished areas[54].

Financial Performance - The company's operating revenue for 2021 was ¥2,691,084,904.33, a decrease of 4.09% compared to ¥2,805,952,366.54 in 2020[15]. - The net profit attributable to shareholders for 2021 was ¥313,773,188.01, down 34.79% from ¥481,204,578.43 in 2020[15]. - The net cash flow from operating activities decreased by 64.67% to ¥145,466,631.77 in 2021 from ¥411,727,242.18 in 2020[15]. - Basic earnings per share for 2021 were ¥0.64, a decline of 34.69% compared to ¥0.98 in 2020[16]. - The weighted average return on equity for 2021 was 5.81%, down 3.00 percentage points from 8.81% in 2020[16]. - The total assets at the end of 2021 were ¥7,208,255,470.41, an increase of 1.98% from ¥7,068,558,101.34 at the end of 2020[15]. - The net assets attributable to shareholders increased by 1.24% to ¥5,451,774,818.15 at the end of 2021 from ¥5,385,146,907.59 at the end of 2020[15]. - The company reported non-recurring gains of ¥184,659,656.71 in 2021, compared to ¥182,879,825.23 in 2020[19]. - The company achieved operating revenue of 2,691.08 million yuan, a year-on-year decrease of 4.09%, and a net profit attributable to the parent company of 313.77 million yuan, down 34.79% year-on-year[21]. Cash Flow and Investments - The net cash flow from operating activities decreased by 64.67% to approximately ¥145.47 million, attributed to increased payments for goods[49]. - The company’s investment activities resulted in a net cash outflow of CNY 548,739,533.88, a 135.73% decrease compared to the previous year[60]. - The total cash inflow from investment activities was ¥3,053,995,074.70, down 55.14% from ¥6,769,730,227.31 in the previous year[174]. - The net cash flow from investment activities was -¥520,006,096.22, compared to a positive cash flow of ¥1,151,829,558.84 in 2020[174]. - The cash flow from financing activities showed a net outflow of -¥214,991,023.00, compared to -¥127,962,554.09 in the previous year[175]. Research and Development - The company invested 226.07 million yuan in R&D, accounting for 8.40% of operating revenue, focusing on IoT and AI technologies to enhance product competitiveness[23]. - The number of R&D personnel was 825, accounting for 34.65% of the total workforce[59]. - The company has invested 100 million CNY in R&D for new technologies, focusing on renewable energy solutions and smart grid technologies[95]. - Research and development expenses for 2021 were CNY 226,073,038.13, a decrease from CNY 240,389,500.54 in 2020[166]. Market and Product Development - The overseas market generated main business revenue of 1,626.99 million yuan, a decline of 9.13%, while the domestic market revenue reached 1,031.06 million yuan, an increase of 4.06%[21]. - Revenue from smart electricity products and systems was 2,312.03 million yuan, down 9.11%, while revenue from smart distribution products and systems increased by 36.21% to 315.07 million yuan, and revenue from new energy products surged by 387.89% to 30.96 million yuan[21]. - The company aims to expand its domestic market presence and accelerate the deployment of new energy business[22]. - The company is focused on developing distributed energy and microgrid capabilities, aiming to become a leading player in the international market for these sectors[32]. Governance and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[2]. - The company emphasizes the importance of the accuracy and completeness of the annual report, with management taking legal responsibility for its content[1]. - The company has established specialized committees, including an audit committee and a nomination committee, to enhance governance[103]. - The company has not faced any penalties from securities regulatory authorities in the past three years[98]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares to all shareholders, with the total share capital adjusted for repurchased shares[3]. - The total number of ordinary shareholders as of the end of the reporting period is 23,830, an increase from 23,210 in the previous month[143]. - The company has committed to not reducing its shareholdings in the company for two years after the lock-up period, ensuring stability for investors[125]. Social Responsibility and Sustainability - The company actively participated in social responsibility initiatives, contributing a total of 965,500 RMB to various charitable activities, including disaster relief and poverty alleviation efforts[124]. - The company has implemented measures to reduce carbon emissions, including optimizing processes and increasing the reuse rate of raw materials, in response to national "carbon neutrality" goals[120]. - The company has a volunteer team of nearly 100 members, engaging in over 20 volunteer activities in 2021, with a total of 603 participants[123]. Financial Management and Investments - The total amount of guarantees provided to subsidiaries during the reporting period is 57,108,000 RMB, with a total guarantee balance of 101,737,900 RMB at the end of the period[134]. - The company has a total of CNY 950,000,000 in outstanding balance from other financial products[135]. - The annualized return rate for entrusted financial management products ranges from 3.00% to 7.00%[136]. - The company has committed CNY 200,000,000 to private equity investments with a return rate of 12%[140]. Operational Efficiency and Strategy - The company plans to optimize product structure and reduce supply chain complexity to improve overall operational efficiency amid challenging external conditions[22]. - The company has established a core management theme of "3+1" (contracts, revenue, profit + risk control) to enhance operational efficiency and risk management[24]. - The management team has outlined a new strategy to enhance operational efficiency, aiming for a 5% reduction in operational costs by the end of 2022[95].

2022 年第一季度报告 证券代码：603556 证券简称：海兴电力 杭州海兴电力科技股份有限公司 2022 年第一季度报告 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。 公司负责人周良璋、主管会计工作负责人李小青及会计机构负责人（会计主管人员）王素霞 保证季度报告中财务报表信息的真实、准确、完整。 第一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 ...

Financial Performance - Q3 2021 revenue was CNY 690,485,700.66, a decrease of 2.34% year-over-year[2] - Net profit attributable to shareholders was CNY 22,845,309.28, down 84.79% compared to the same period last year[2] - Net profit excluding non-recurring gains and losses was CNY 13,233,120.05, a decline of 94.90% year-over-year[2] - Basic and diluted earnings per share were both CNY 0.04, down 86.67% year-over-year[3] - Total operating revenue for the first three quarters of 2021 was CNY 1,783,370,519.11, a decrease of 10.05% compared to CNY 1,982,803,995.29 in the same period of 2020[15] - Net profit for the third quarter of 2021 was CNY 176,055,025.69, down 54.4% from CNY 386,529,435.47 in the same quarter of 2020[16] - Earnings per share for the third quarter of 2021 were CNY 0.36, compared to CNY 0.79 in the same quarter of 2020[17] - The company reported a total comprehensive income of CNY 170,311,931.56 for the third quarter of 2021, compared to CNY 349,640,737.82 in the same quarter of 2020[17] Cash Flow and Assets - Cash flow from operating activities was negative CNY 37,418,537.97, representing a decrease of 108.82% compared to the previous year[3] - Cash inflow from operating activities totaled CNY 2,310,236,222.87, a decrease of 5.9% compared to CNY 2,456,037,824.42 in the same period last year[19] - Net cash flow from operating activities was negative CNY 37,418,537.97, contrasting with a positive CNY 424,085,986.87 in the previous year[19] - Cash inflow from investment activities was CNY 3,318,970,321.52, down 38.6% from CNY 5,395,495,734.74 year-on-year[19] - Net cash flow from investment activities was negative CNY 408,406,579.72, compared to a positive CNY 311,407,448.92 in the same period last year[19] - Cash inflow from financing activities was CNY 471,110,878.77, significantly higher than CNY 181,360,533.00 in the previous year[20] - Net cash flow from financing activities was negative CNY 170,856,482.37, slightly improved from negative CNY 186,909,704.04 year-on-year[20] - The ending balance of cash and cash equivalents was CNY 1,637,387,533.78, an increase from CNY 1,023,051,415.57 in the previous year[20] - Cash outflow for purchasing goods and services was CNY 1,522,744,228.61, up 23.7% from CNY 1,230,518,758.19 in the same period last year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,991,088,742.45, a decrease of 1.10% from the end of the previous year[3] - Current assets totaled CNY 5,895,339,857.55, down from CNY 6,051,790,307.08 in the previous year[13] - Cash and cash equivalents were CNY 2,478,883,682.10, compared to CNY 3,342,561,975.70 at the end of 2020, reflecting a decrease of approximately 26%[11] - Accounts receivable decreased to CNY 773,984,988.54 from CNY 994,843,152.69, indicating a reduction of about 22%[11] - Inventory increased significantly to CNY 771,173,166.03 from CNY 396,050,013.69, representing an increase of approximately 95%[13] - Total liabilities as of the end of the third quarter of 2021 amounted to CNY 1,668,541,725.19, slightly down from CNY 1,675,142,468.34 at the end of 2020[14] - Total liabilities were not explicitly stated but can be inferred from the balance sheet, indicating a need for further analysis on debt levels[11] Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,604[8] - The company’s major shareholder, Zhejiang Haixing Holding Group Co., Ltd., holds 49.05% of the shares, indicating strong control over the company[10] - Total equity attributable to shareholders was CNY 5,315,929,498.87, a decrease from CNY 5,385,146,907.59 in the previous year[14] - Shareholders' equity attributable to the parent company was CNY 5,315,929,498.87, down 1.29% from the previous year[3] Operational Insights - The decline in net profit was primarily due to the appreciation of the RMB and the depreciation of the Brazilian real and Indonesian rupiah, along with increased costs from project delays and rising material and logistics expenses[7] - The company has not reported any significant new product launches or technological advancements in this quarter[10] - Future outlook remains cautious with a focus on improving cash flow and managing inventory levels effectively[10] - Research and development expenses for the first three quarters of 2021 were CNY 176,274,517.60, an increase from CNY 165,903,000.71 in the same period of 2020[15]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,092,884,818.45, a decrease of 14.34% compared to ¥1,275,767,438.94 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥154,805,324.43, down 35.40% from ¥239,643,124.26 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,694,248.73, a decline of 62.88% compared to ¥187,775,178.23 in the same period last year[15]. - The net cash flow from operating activities was -¥187,028,753.02, a significant decrease of 226.27% from ¥148,119,449.66 in the previous year[15]. - Basic earnings per share decreased by 34.69% to CNY 0.32 compared to the same period last year[16]. - The weighted average return on equity decreased by 1.95 percentage points to 2.83%[16]. - The company reported a significant decrease in cash flow from operating activities, with a net cash outflow of CNY 187,028,753.02, a decline of 226.27% year-on-year[25]. - The company achieved operating revenue of CNY 1,092,884,818.45, a year-on-year decrease of 14.34%[25]. - The net profit attributable to the parent company was CNY 15,480,530.00, down 35.40% year-on-year, primarily due to the impact of RMB appreciation, project delays caused by the pandemic, and supply chain constraints[23]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were ¥5,305,424,099.77, a decrease of 1.48% from ¥5,385,146,907.59 at the end of the previous year[15]. - Total assets at the end of the reporting period were ¥7,011,357,611.93, down 0.81% from ¥7,068,558,101.34 at the end of the previous year[15]. - Total current assets as of June 30, 2021, amounted to RMB 5,875,718,947.43, a decrease from RMB 6,051,790,307.08 as of December 31, 2020[53]. - The total liabilities as of June 30, 2021, were not specified but are critical for assessing the company's financial health[53]. - Total liabilities reached CNY 1,698,536,738.98, compared to CNY 1,675,142,468.34 previously[55]. - The total owner's equity at the end of the period was 5,156,922,335.47 CNY, reflecting a decrease from the previous period[86]. Research and Development - The company increased R&D expenses to CNY 118,203,882.07, a rise of 5.26% compared to the previous year, focusing on IoT technology and new energy products[25]. - Research and development expenses for the first half of 2021 were CNY 118,203,882.07, an increase from CNY 112,299,663.03 in the same period of 2020[60]. - The company is expanding its R&D team in new technology areas by hiring industry experts and collaborating with top global consulting firms and research institutions[33]. Market and Business Strategy - The company’s main business includes smart electricity, smart distribution, and renewable energy, with key products such as smart energy meters and energy storage solutions[19]. - The global smart meter market is projected to grow to USD 24 billion by 2029, with an annual growth rate of over 6%[21]. - The domestic market is expected to see significant growth in smart energy meters and distribution networks driven by national carbon neutrality goals[21]. - The company is focusing on digital manufacturing systems to enhance production efficiency across its global manufacturing bases[20]. - The company has adopted a localization strategy to mitigate overseas market risks, employing local staff and integrating into local cultures[30]. Corporate Governance and Compliance - The board of directors and management confirmed the accuracy and completeness of the financial report[2]. - The report has not been audited[3]. - The company has not been subject to any administrative penalties due to environmental issues during the reporting period[39]. - The company actively participates in poverty alleviation initiatives, donating 30,000 yuan to charitable activities during the reporting period[39]. - The company has implemented ISO 14001 environmental management system certification and conducts regular environmental monitoring, meeting national and local standards[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 23,498[50]. - The largest shareholder, Zhejiang Haixing Holding Group Co., Ltd., holds 49.05% of the shares, totaling 239,713,292 shares[50]. - The second largest shareholder, Ningbo Haiju Investment Co., Ltd., holds 13.30% of the shares, totaling 64,973,636 shares[50]. - The controlling shareholder has committed to not reducing their shareholdings directly or indirectly for two years after the lock-up period expires[43]. - The company has established a commitment that any share reduction by major shareholders will not exceed 10% of the total shares each year[43]. Financial Reporting and Accounting Policies - The company's financial statements are prepared based on the going concern principle, ensuring ongoing operational viability[92]. - The company adheres to the enterprise accounting standards, reflecting a true and complete financial status as of June 30, 2021[95]. - The accounting period follows the calendar year, from January 1 to December 31[96]. - The company's functional currency is Renminbi, and all financial statements are presented in Renminbi[98]. - The company applies specific accounting policies for accounts receivable, inventory valuation, fixed asset depreciation, and income recognition[94]. Cash Flow and Investment Activities - The company reported a total of RMB 1,528,507,600.53 in trading financial assets, an increase from RMB 983,582,222.20[53]. - The total cash inflow from investment activities was 1,938,785,953.05 RMB, down from 3,486,453,464.60 RMB year-over-year[69]. - The net cash flow from investment activities was -420,244,116.80 RMB, contrasting with a positive 992,421,725.93 RMB in the previous year[69]. - Cash flow from financing activities resulted in a net outflow of -221,181,923.54 RMB, compared to -200,555,843.68 RMB in the same period last year[69]. Taxation and Regulatory Environment - The company is subject to various tax rates, including a 25% corporate income tax for several subsidiaries[187]. - The company has a tax rate of 35% for its operations in Bangladesh, 37.5% in Kenya, and 25% in Nepal[188]. - The company is expected to continue benefiting from a 15% corporate income tax rate as it is undergoing a high-tech enterprise qualification review[189].