2022 年第三季度报告 单位：元 币种：人民币 证券代码：603628 证券简称：清源股份 公告编号 2022-043 清源科技股份有限公司 2022 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法律责任。 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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 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 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|-----------------------------------------|------------------|------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[14]. - The company achieved operating revenue of CNY 605,644,864.06, an increase of 17.48% compared to the same period last year[19]. - Net profit attributable to shareholders was CNY 28,442,267.82, a decrease of 19.70% year-on-year, primarily due to high raw material costs affecting gross margin[19]. - The company has set a performance guidance of RMB 2.5 billion in revenue for the full year 2022, reflecting a growth target of 20%[14]. - The company reported a total operating cash outflow of 478,401,352.46 RMB, significantly higher than 260,058,893.00 RMB in the same period last year[161]. - The company reported a net profit for the first half of 2022 of RMB 28,647,013.97, a decrease of 21.0% from RMB 36,234,499.87 in the same period of 2021[149]. - The company’s total assets reached RMB 1,717,701,496.80, an increase from RMB 1,598,716,064.71 in the previous year, reflecting a growth of 7.4%[148]. - The total liabilities amounted to RMB 806,585,093.20, compared to RMB 692,766,473.91 in the previous year, indicating a growth of 16.4%[148]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in China by the end of 2022, aiming for a 30% increase in market share[14]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[14]. - The company has established a global sales network with branches in Australia, Germany, the USA, the UK, Japan, Thailand, and the Philippines, enhancing local sales and technical support[45]. - The company is focusing on optimizing existing power station asset structures to improve investment returns and reduce financing costs[56]. - The company plans to launch a self-branded home energy storage system in Europe and Australia in Q3 2022[57]. Research and Development - Research and development expenses increased by 10% to RMB 100 million, focusing on new photovoltaic technologies and energy storage solutions[14]. - The company has developed new products, including household BIPV products and commercial color steel tile support systems, which have been patented and are gaining market traction[48]. - R&D expenses amounted to RMB 9.13 million, representing a year-on-year increase of 58.82%[58]. - The company is focused on providing integrated solutions for photovoltaic power stations, enhancing customer service through a digital energy management system[25]. Operational Efficiency - The gross profit margin improved to 25%, up from 22% in the same period last year, indicating better cost management and pricing strategies[14]. - The company has a strong digital operation and quality control capability, significantly improving the efficiency of power station construction and delivery[28]. - The company has established a "smart photovoltaic + digital energy management" solution, improving operational efficiency and reducing construction cycles[28]. - The company's intelligent tracker products have received IEC62817-TÜV certification, indicating compliance with international safety standards[45]. Environmental Commitment - The company remains committed to achieving carbon neutrality by 2060, aligning with national policies and global climate agreements[14]. - The company has implemented comprehensive environmental protection measures, including a wastewater treatment station that ensures compliance with national and local environmental standards[94]. - The company aims to reduce carbon emissions by promoting clean, ecological, and low-emission development, achieving resource savings and sustainable development[95]. - The company has established a robust pollution prevention system and is actively engaging in environmental responsibility[94]. Financial Integrity and Governance - No non-operational fund occupation by controlling shareholders was reported, ensuring financial integrity[6]. - The board of directors confirmed that there are no significant risks affecting the company's operations or financial reporting[6]. - The company has not proposed any profit distribution or capital reserve transfer plans for the current period[90]. - The company has a stable shareholding structure with major shareholders maintaining their respective ownership percentages after the capital increase[199]. Industry Trends - The Chinese photovoltaic industry is expected to grow significantly during the "14th Five-Year Plan" period, driven by the dual carbon goals and government policies[29]. - Global photovoltaic (PV) installed capacity reached approximately 3,063.93 GW in 2021, with a year-on-year increase of 10.28%[41]. - The global PV market is expected to see penetration rates of 15%, 20%, and 40% over the next 10, 20, and 30 years respectively, compared to 2.7% in 2019[41]. - The EU's "REPower EU" strategy aims for a cumulative solar PV capacity of over 600 GW by 2030, with mandatory rooftop installations being gradually implemented[41].

清源科技（厦门）股份有限公司 证券代码：603628 证券简称：清源股份 公告编号：2022-020 清源科技（厦门）股份有限公司 关于 2021 年度业绩说明会暨参加厦门辖区上市公司投资者 网上集体接待日活动召开情况的公告 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。 清源科技（厦门）股份有限公司（以下简称"公司"）于 2022 年 5 月 10 日下午 14:30-16:00 在全景网投资者关系互动平台（网址：http://ir.p5w.net）通过 网络远程的方式召开公司 2021 年度业绩说明会暨参加厦门辖区上市公司投资者 网上集体接待日活动（以下简称"业绩说明会"）。现将有关事项公告如下： 一、业绩说明会召开情况 2022 年 4 月 30 日，公司于上海证券交易所网站（www.sse.com.cn）及指定 信息披露媒体披露了《清源科技（厦门）股份有限公司关于召开 2021 年度业绩 说明会暨参加厦门辖区上市公司投资者网上集体接待日活动的公告》（公告编号： 2022-019）。 2022 年 5 月 10 日 ...

Financial Performance - The company's operating revenue for Q1 2022 was RMB 267,235,372.95, representing a year-on-year increase of 31.53%[5] - The net profit attributable to shareholders was RMB 5,945,276.49, showing a decrease of 39.75% compared to the same period last year[5] - The net profit for Q1 2022 was CNY 6,162,061.78, compared to CNY 10,451,865.37 in Q1 2021, reflecting a decrease of approximately 41.5%[23] - The total comprehensive income for Q1 2022 was ¥10,401,701.32, down 36.1% from ¥16,282,792.64 in Q1 2021[26] - The basic and diluted earnings per share for Q1 2022 were both ¥0.022, compared to ¥0.0360 in Q1 2021, reflecting a decline of 38.9%[26] - The net profit attributable to the parent company for Q1 2022 was ¥5,945,276.49, a decrease of 39.5% compared to ¥9,867,120.18 in Q1 2021[26] - The net profit for Q1 2022 was ¥4,666,107.23, slightly down from ¥4,712,258.09 in Q1 2021, showing a decrease of 1.0%[39] Cash Flow - The net cash flow from operating activities was negative at RMB -5,321,012.46, an increase in outflow of 84.92% year-on-year[5] - Cash inflows from operating activities in Q1 2022 totaled ¥275,057,210.25, an increase of 36.2% from ¥201,835,195.84 in Q1 2021[31] - The net cash outflow from operating activities for Q1 2022 was ¥5,321,012.46, an improvement from a net outflow of ¥35,279,949.93 in Q1 2021[31] - The net cash flow from operating activities was -CNY 51,552,736.65, worsening from -CNY 18,934,503.59 year-over-year[41] - The company’s cash flow from operating activities was negatively impacted by increased payments to employees, totaling CNY 18,451,432.65, compared to CNY 16,046,167.21 in the previous year[41] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,047,820,446.24, a slight decrease of 0.29% from the previous year[7] - The total assets as of March 31, 2022, were CNY 2,047,820,446.24, slightly down from CNY 2,053,758,235.69 at the end of 2021[20] - Total liabilities decreased to CNY 1,037,609,739.09 as of March 31, 2022, from CNY 1,054,384,476.84 at the end of 2021, a reduction of approximately 1.6%[20] - Total liabilities rose to ¥759,944,521.47 in Q1 2022, up from ¥692,766,473.91 in Q1 2021, indicating an increase of 9.7%[37] - The total equity attributable to shareholders increased by 1.07% to RMB 1,002,979,435.01[7] - The total equity increased to ¥910,615,698.03 in Q1 2022 from ¥905,949,590.80 in Q1 2021, reflecting a modest growth of 0.7%[37] Research and Development - The company's R&D expenses increased by 58.61% due to higher investment in research and development activities[9] - Research and development expenses for Q1 2022 were CNY 4,214,659.22, compared to CNY 2,657,168.46 in Q1 2021, marking an increase of about 58.5%[23] - R&D expenses for Q1 2022 were ¥4,214,659.22, compared to ¥2,657,168.46 in Q1 2021, reflecting a 58.5% increase in investment in innovation[39] Operational Costs - The company experienced a 52.29% increase in operating costs, attributed to rising material costs and shipping fees[9] - Total operating costs for Q1 2022 were CNY 259,379,915.50, up from CNY 188,509,722.34 in Q1 2021, indicating an increase of about 37.5%[20] - The cost of goods sold for Q1 2022 was ¥120,757,515.53, up from ¥69,613,783.22 in Q1 2021, indicating a significant increase in operational costs[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,895[10] - Accounts receivable increased to CNY 512,795,368.70 as of March 31, 2022, from CNY 466,031,406.66 at the end of 2021, showing a rise of about 10%[16] - Inventory decreased to CNY 168,227,453.02 as of March 31, 2022, down from CNY 182,019,074.33 at the end of 2021, a decline of approximately 7.5%[16] Future Outlook - The company plans to continue focusing on R&D and market expansion strategies to drive future growth[39]

Financial Performance - In 2021, the company's operating revenue reached ¥1,017,982,061.36, an increase of 13.05% compared to ¥900,474,452.36 in 2020[21]. - The net profit attributable to shareholders was ¥47,369,658.28, a decrease of 30.77% from ¥68,425,164.33 in the previous year[21]. - The net cash flow from operating activities was ¥64,302,629.04, down 81.07% from ¥339,669,082.03 in 2020[21]. - The company's total assets increased by 3.25% to ¥2,053,758,235.69 at the end of 2021, compared to ¥1,989,167,256.44 at the end of 2020[21]. - The company's net assets attributable to shareholders increased by 4.02% to ¥992,350,242.11 at the end of 2021, compared to ¥954,015,024.24 at the end of 2020[21]. - The company reported a basic earnings per share of ¥0.17, down 32.00% from ¥0.25 in 2020[21]. - The weighted average return on equity decreased to 4.87%, down 2.52 percentage points from 7.39% in 2020[21]. - The company's operating profit from the photovoltaic power stations was 2,573.19 million RMB, with a cash flow of 4,988.58 million RMB[111]. - The total revenue for the photovoltaic industry reached CNY 6,563,011.43, representing a significant increase of 271.83% compared to the previous year[85]. Research and Development - The company invested CNY 11,308,600 in R&D, leading to increased costs and a decrease in profit margins due to rising raw material prices[32]. - The company’s R&D expenses in 2021 amounted to 21.90 million yuan, a year-on-year increase of 106.73%[40]. - Research and development expenses surged by 106.73% to ¥21,904,058.74, attributed to an increase in R&D projects and personnel costs[72]. - The company has increased its R&D personnel to 72, representing 14.17% of the total workforce, with a focus on enhancing innovation capabilities[94]. - The company is committed to increasing R&D investment, particularly in smart energy systems, to enhance its product offerings[133]. Market and Product Development - The company is focused on enabling carbon neutrality and expanding its photovoltaic solutions[1]. - The company’s new product, the EZ-Tracker intelligent solar tracking system, is expected to improve energy generation efficiency by 13-20% compared to traditional fixed systems[33]. - The company has established strategic partnerships with domestic EPC firms for distributed solar brackets, enhancing its competitive position in the domestic market[36]. - The company is focusing on localizing production and supply chains to mitigate the impacts of global supply chain disruptions caused by the pandemic[32]. - The company has ongoing clean energy investment projects, with 18MW of photovoltaic power stations under construction, expected to be delivered and transferred in the second half of 2022[37]. Corporate Governance - The company has a complete internal control system that spans all levels and aspects of management, continuously improving governance standards to achieve operational goals[156]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring that the compensation system includes a basic annual salary and year-end performance assessment[152]. - The board of directors consists of 7 members, including 3 independent directors, exceeding the requirement of having independent directors account for more than one-third of the total[150]. - The company has implemented measures to ensure the independence of its financial operations, including separate bank accounts and independent financial decision-making[156]. - The company has held multiple shareholder meetings in 2021, with resolutions passed on significant matters, ensuring shareholder participation and transparency[159]. Profit Distribution - The company plans to distribute profits of CNY 0.35 per 10 shares, totaling CNY 9,583,000 for the year 2021[5]. - The proposed cash dividend for 2021 is set at 0.35 yuan per share, totaling 9,583,000 yuan, pending shareholder approval[199]. - The company distributed a total of 13,690,000 yuan in cash dividends for the fiscal year 2020, at a rate of 0.5 yuan per share[199]. - The company has a profit distribution policy that prioritizes cash dividends, aiming for at least 20% of distributable profits if there are no major investment plans[196]. - The company's retained earnings are primarily used for business operations, external investments, and asset acquisitions[199]. Risk Management - The company faces risks from policy changes, particularly in key markets like Australia and Japan, which could adversely affect future performance due to increased competition and changing subsidy structures[138]. - Raw material costs, which account for over 70% of product prices, have been volatile due to global events, impacting profit margins if not managed properly[139]. - The ongoing COVID-19 pandemic continues to pose risks to project development and construction timelines, potentially impacting the company's business operations[145]. - The company has not encountered significant changes in competitive conditions that would affect its operations, maintaining a stable business environment[157]. International Operations - The company is expanding its overseas operations but faces risks related to varying legal and operational environments in different countries[144]. - The company generated significant revenue from Australia, Japan, and Thailand, with sales in these markets accounting for 90.54%, 53.74%, and 62.41% of total revenue in 2019, 2020, and 2021 respectively[142]. - The company is exploring market expansion opportunities in overseas regions, particularly in Asia and Oceania, where sales have been robust[119]. Employee and Management Structure - The company reported a total of 508 employees, with 395 in the parent company and 113 in major subsidiaries[191]. - The workforce includes 154 production staff, 42 sales personnel, 15 technical staff, 31 financial staff, 194 administrative staff, and 72 R&D personnel[191]. - The remuneration for directors and senior management is determined based on actual profitability and individual contributions, with a monthly subsidy of 1,500 RMB for supervisors[173]. - The company has established a training management system to enhance employee competency and has developed annual training plans to ensure effective training outcomes[195].

Financial Performance - The company's operating revenue for Q3 2021 was ¥221,508,158.27, representing a year-on-year increase of 7.25%[6] - The net profit attributable to shareholders for Q3 2021 was ¥12,042,449.27, a decrease of 46.17% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,876,467.26, down 48.65% year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥737,043,768.74, an increase of 28.3% compared to ¥574,785,162.17 in the same period of 2020[28] - Net profit for the third quarter of 2021 was ¥48,448,012.49, a decrease of 10.5% from ¥54,259,942.43 in the same quarter of 2020[34] - The total comprehensive income attributable to the parent company was CNY 48,649,569.70, an increase from CNY 43,337,928.09 in the previous year, representing a growth of approximately 12.5%[37] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥1,926,961,621.15, reflecting a decrease of 3.13% from the end of the previous year[9] - Total assets decreased to ¥1,926,961,621.15 from ¥1,989,167,256.44 year-over-year[26] - The company's total liabilities decreased to ¥931,279,433.82 from ¥1,028,863,564.90 year-over-year, indicating a reduction of approximately 9.5%[28] - Total liabilities reached $1,028,863,564.90, down 5.1% from $1,086,144,230.68[48] - Current liabilities decreased to ¥612,824,219.40 from ¥779,391,290.05 year-over-year[26] - Current liabilities decreased to $779,391,290.05, a reduction of 0.8% from $785,237,230.97[44] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,903[17] - The largest shareholder, HONG DANIEL, holds 81,617,607 shares, representing 29.81% of the total shares[17] - The total number of shares held by the top ten shareholders represents a significant portion of the company's equity, indicating concentrated ownership[18] - The company has no preferred shareholders with restored voting rights as of the reporting period[17] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥41,314,601.42, showing a slight increase of 0.38% compared to the same period last year[6] - Cash inflow from operating activities totaled CNY 745,587,281.00, slightly down from CNY 770,815,799.52, reflecting a decrease of approximately 3.3%[37] - Cash outflow from operating activities was CNY 704,272,679.58, compared to CNY 729,658,346.53 in the previous year, showing a reduction of about 3.5%[41] - Net cash flow from operating activities was CNY 41,314,601.42, which is a marginal increase from CNY 41,157,452.99 year-over-year[41] - Net cash flow from investing activities was CNY 19,536,688.48, up from CNY 12,894,302.51, indicating an increase of approximately 51.3%[41] - Net cash flow from financing activities was negative at CNY -220,913,518.23, an improvement from CNY -267,952,328.62 in the previous year[41] Expenses - Research and development expenses increased by 112.18% due to significant investments in new projects[14] - The company experienced a 36.17% increase in selling expenses due to higher domestic business income and related costs[14] - Research and development expenses for the third quarter of 2021 were ¥17,651,894.90, significantly higher than ¥8,319,144.49 in the same quarter of 2020, marking a 112.4% increase[31] - The company reported a financial expense of ¥41,679,835.29 in the third quarter of 2021, compared to ¥31,321,205.14 in the previous year, reflecting a rise of 33.1%[31] - The tax expense for the third quarter of 2021 was ¥10,009,293.72, which is an increase from ¥7,307,626.95 in the same quarter of 2020, showing a growth of 37.0%[34] Equity - The total equity attributable to shareholders of the parent company increased to ¥988,974,593.94 from ¥954,015,024.24, representing a growth of about 3.6%[28] - Shareholders' equity totaled $960,303,691.54, remaining unchanged from the previous period[48]

清源科技（厦门）股份有限公司 证券代码：603628 证券简称：清源股份 公告编号：2021-047 清源科技（厦门）股份有限公司 关于参加 2021 年度厦门辖区上市公司投资者网上集体接待 日活动暨业绩说明会的公告 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。 重要内容提示： 会议召开时间：2021 年 9 月 7 日（星期二）15:00-17:00 会议召开地点：全景网投资者关系互动平台（网址：http://ir.p5w.net） 会议召开方式：网络远程的方式 一、业绩说明会类型 清源科技（厦门）股份有限公司（以下简称"公司"）为进一步加强与投资者 的交流，便于广大投资者更加全面深入地了解公司情况，公司决定参加由厦门上 市公司协会和深圳市全景网络有限公司联合举办的"2021年度厦门辖区上市公司 投资者网上集体接待日"活动。现将有关事项公告如下： 二、会议召开时间、地点 召开时间：2021 年 9 月 7 日（星期二）15:00-17:00 召开地点：全景网投资者关系互动平台（网址：http://ir.p5w.net ...

Financial Performance - Clenergy reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[14]. - The company achieved a net profit of RMB 80 million, which is a 15% increase compared to the same period last year[14]. - The company achieved operating revenue of CNY 515,535,610.47 in the first half of the year, representing a 40.00% increase compared to the same period last year[20]. - Net profit attributable to shareholders reached CNY 35,420,962.78, up 24.70% year-on-year, driven by increased sales in domestic markets and cost reduction efforts[20]. - The company anticipates a revenue growth of 15% for the second half of 2021, driven by increased demand for solar solutions[14]. - The company's operating profit reached 46.99 million yuan, growing by 30.62% compared to the same period last year[45]. - The total profit for the first half of 2021 was CNY 47,762,401.41, up from CNY 36,470,095.37 in the same period last year, reflecting a growth of approximately 30.5%[150]. - The net profit for the first half of 2021 reached CNY 36,234,499.87, compared to CNY 31,108,714.97 in the previous year, indicating an increase of about 16.8%[150]. Market Expansion and Strategy - User data indicates that Clenergy has expanded its customer base by 25%, reaching a total of 1,200 active clients[14]. - Clenergy aims to increase its market share by 10% through strategic partnerships and collaborations in the renewable energy sector[14]. - The company has adjusted its market development strategy to focus on domestic photovoltaic power station markets, resulting in significant growth in domestic business[20]. - The company has established a leading market share in the Australian rooftop solar market for eleven consecutive years[27]. - The company is focusing on the development of distributed photovoltaic projects, anticipating significant growth in the domestic market due to favorable policies[47]. - The company is expanding its international market presence and has established multiple overseas subsidiaries for business development and after-sales service[73]. Research and Development - The company plans to invest RMB 200 million in R&D for new solar technologies in the upcoming year[14]. - The company has a strong focus on R&D and has obtained multiple international certifications and patents, enhancing its competitive edge in the market[27]. - The company's intelligent photovoltaic tracking system, EZ-Tracker, can increase power generation efficiency by 13-20% compared to fixed support systems[47]. - The company's R&D expenses for the first half of 2021 were CNY 5,746,038.01, slightly higher than CNY 5,294,967.00 in the previous year, showing a year-over-year increase of about 8.5%[152]. Cost Management and Efficiency - Clenergy has set a target to achieve a 30% reduction in production costs by optimizing its supply chain operations[14]. - The company continues to emphasize cost reduction and efficiency improvements to enhance profitability[20]. - The company's operating costs increased by 49.26%, amounting to ¥380,334,790.27, primarily due to the growth in sales revenue[55]. - The company's management expenses decreased by 21.53% to ¥23,724,816.13, reflecting effective cost control measures[55]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -57,871,994.57, a decline of 156.05% compared to the previous year[20]. - Cash inflow from operating activities for the first half of 2021 was CNY 459,297,055.94, a decrease of 17.7% compared to CNY 558,389,418.41 in the same period of 2020[157]. - The ending balance of cash and cash equivalents was CNY 173,651,274.69, down from CNY 301,944,464.84 at the end of the first half of 2020[164]. - The company's total assets decreased by 45.66% in cash holdings, amounting to ¥223,165,803.27, compared to ¥410,720,304.20 in the previous year[58]. Shareholder Information - The company has a total of 25,580 common shareholders as of the end of the reporting period[117]. - The largest shareholder, HONG DANIEL, holds 29.81% of the shares, totaling 81,617,607 shares[117]. - The company has no strategic investors or general legal entities becoming top ten shareholders due to new share placements[121]. - The company committed to not reducing its shareholding by more than 15% in the first year and 20% in the second year after the transfer of shares[95]. Environmental and Regulatory Compliance - The company faced a fine of RMB 100,000 due to environmental violations related to hazardous waste management[88]. - The company is positioned to benefit from the global shift towards renewable energy, particularly in light of China's carbon neutrality goals by 2060[70]. Future Outlook - The company plans to explore investment models centered on commercial distributed energy management systems in the future[50]. - The company plans to continue focusing on product innovation and supply chain optimization to support sustainable growth and return value to investors[55].

Financial Performance - Operating revenue for 2020 was approximately ¥900.47 million, a decrease of 27.97% compared to 2019[24]. - Net profit attributable to shareholders was approximately ¥68.43 million, an increase of 221.63% from a loss of ¥56.26 million in 2019[24]. - Net cash flow from operating activities reached approximately ¥339.67 million, up 130.26% from ¥147.52 million in 2019[24]. - Basic earnings per share for 2020 was ¥0.25, a significant increase of 219.05% compared to a loss of ¥0.21 per share in 2019[25]. - The weighted average return on equity improved to 7.39%, an increase of 13.65 percentage points from -6.26% in 2019[25]. - Total assets decreased to approximately ¥1.99 billion, down 19.01% from ¥2.46 billion in 2019[24]. - The net assets attributable to shareholders increased by 6.13% to approximately ¥954.02 million compared to ¥898.94 million at the end of 2019[24]. - The company reported non-recurring gains of approximately ¥15.59 million for the year, compared to a loss of ¥24.50 million in 2019[29]. - The company's total revenue for 2020 was CNY 900.47 million, a decrease of 28.04% compared to the previous year[49]. - The net profit attributable to shareholders was CNY 68.43 million, an increase of 221.63% year-on-year[49]. - The company's cash flow from operating activities was CNY 339.67 million, an increase of 130.26% compared to the previous year[49]. - The company's main business revenue was CNY 893.90 million, down 28.04% year-on-year, with a corresponding cost of CNY 672.01 million, a decrease of 27.91%[62]. - The gross margin for the photovoltaic industry was 24.82%, a decrease of 0.14 percentage points compared to the previous year[63]. Business Operations - The company has established a production capacity exceeding 3GW across its two manufacturing bases in Xiamen and Tianjin[35]. - The company has developed and maintained a total of 132MW of self-owned photovoltaic power stations, with all but one project included in the national subsidy list[35]. - The company has sold over 12GW of products globally, covering more than 30 countries and over 10,000 ground photovoltaic power stations[35]. - The company achieved sales revenue of CNY 715.62 million from its bracket products in 2020, remaining stable compared to the previous year[35]. - The company has built, transferred, and operated photovoltaic power stations totaling 97MW, leveraging its extensive project development and operational experience[35]. - The company’s intelligent tracking bracket products have become its main product and future development direction, promising at least a 15% increase in energy output compared to fixed brackets[38]. - The company has implemented a strict ISO9000 quality management system for procurement, focusing on reducing inventory costs and material costs during price fluctuations[35]. - The company aims to explore investment models centered on smart energy management systems for commercial and industrial sectors in Fujian[35]. - The company has established a global sales network with local teams in multiple countries, enhancing its international market presence[43]. - The company focuses on developing new applications for photovoltaic technology, including integration with hydrogen production and 5G communication[41]. Market and Industry Trends - The photovoltaic industry is experiencing increased concentration, with larger enterprises expanding capacity and market share, further squeezing the survival space of smaller companies[38]. - The company plans to improve sales in Japan in 2021 following the easing of the pandemic situation[53]. - The company aims to develop the domestic photovoltaic market, which has shown significant progress despite lower gross margins compared to international markets[63]. - The global photovoltaic industry has experienced a compound annual growth rate of 81.0% during its startup phase from 2004 to 2011, followed by a decline in growth during the recession phase from 2011 to 2013[111]. - Since 2015, the photovoltaic industry has entered a high-speed development phase, with significant advancements in technology leading to lower costs and increased competitiveness in the market[111]. - In 2020, China's newly installed photovoltaic capacity reached 48.2 GW, a year-on-year increase of 59.80%[115]. - The total installed capacity of renewable energy globally reached 2,799 GW in 2020, with a 10.28% increase from 2019[120]. - The European photovoltaic market added 18.2 GW of new installed capacity in 2020, reflecting an 11% year-on-year increase[123]. Strategic Initiatives - The company plans to gradually sell off low-return photovoltaic power station assets while maintaining its current self-owned power station scale[35]. - The company plans to expand the production capacity of photovoltaic brackets by upgrading equipment and introducing AI and fully automated production lines[125]. - R&D investment will increase, focusing on upgrading existing smart photovoltaic tracking technology and developing BIPV technology for commercial and residential applications[125]. - The company aims to enhance its domestic market share by increasing sales personnel and expanding sales channels, while maintaining overseas market share[125]. - The company will focus on providing installation services for photovoltaic systems that utilize its bracket products, transitioning its power station development and operation services[125]. Cash Dividend and Shareholder Information - The company reported a profit distribution plan for 2020, proposing a distribution of 0.5 RMB per 10 shares, totaling 13,685,032.87 RMB[6]. - The company has a policy to distribute at least 20% of the distributable profit as cash dividends if there are no major investment plans or significant cash expenditures[136]. - The company’s cash dividend distribution policy prioritizes cash dividends when conditions allow, with a minimum of 80% for mature companies without major expenditures[136]. - The company plans to repurchase shares at a price not exceeding 110% of the audited net asset value per share from the previous fiscal year[149]. - The company has committed to increase its shareholding by no less than 30 million yuan and no more than 95 million yuan, acquiring up to 4.09% of the total share capital[152]. - The company has a significant foreign ownership, with 115,352,865 shares held by foreign investors, accounting for 42.13% of total shares[188]. - The largest shareholder, HONG DANIEL, is also the chairman and general manager of the company[198]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental protection and sustainable development, focusing on clean energy production[177]. - The company does not belong to the list of key pollutant discharge units published by the Xiamen Environmental Protection Bureau for 2020[178]. - The company aims to promote and popularize clean energy applications globally, ensuring affordability and accessibility[178]. - The company is committed to protecting employee rights and fostering a positive work environment[177]. - The company plans to continue its focus on clean energy and social responsibility in 2021[177]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[5]. - The company has no significant accounting errors to correct for the reporting period[157]. - The company renewed its audit engagement with Rongcheng Accounting Firm for the fiscal year 2020[158]. - There are no major litigation or arbitration matters affecting the company during the reporting period[161]. - The company has no significant related party transactions to disclose for the reporting period[164].

Financial Performance - Net profit attributable to shareholders was CNY 9,867,120.18, representing a significant increase of 149.20% year-on-year[12] - Operating revenue for the period reached CNY 203,175,352.55, reflecting a growth of 12.81% compared to the same period last year[12] - The company has seen a significant increase in net profit after deducting non-recurring gains and losses, which reached CNY 9,308,060.84, up 415.27% year-on-year[12] - Basic earnings per share were CNY 0.0360, an increase of 148.28% compared to CNY 0.0145 in the same period last year[12] - Net profit for Q1 2021 reached approximately ¥10.45 million, a significant increase of 116.5% from ¥4.84 million in Q1 2020[47] - The company achieved a significant increase in profit before tax, which rose to approximately ¥16.94 million in Q1 2021 from ¥7.72 million in Q1 2020, an increase of 119.0%[47] - The total comprehensive income for Q1 2021 was approximately ¥16.28 million, compared to a loss of ¥2.61 million in Q1 2020, indicating a strong recovery[47] Cash Flow - The net cash flow from operating activities was negative at CNY -35,279,949.93, a decline of 192.95% year-on-year[12] - Cash flow from operating activities showed a net outflow of CNY -35,279,949.93 in Q1 2021, compared to a net inflow of CNY 37,954,358.13 in Q1 2020[57] - Cash flow from financing activities resulted in a net outflow of CNY -69,003,934.13 in Q1 2021, compared to a net outflow of CNY -299,890,385.14 in Q1 2020[59] - The ending cash and cash equivalents balance for Q1 2021 was CNY 186,827,222.92, compared to CNY 130,854,311.41 at the end of Q1 2020[59] - The net cash flow from operating activities was -$18,934,503.59, a significant decrease compared to $100,005,141.18 in the previous period, indicating a decline in operational performance[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,966,839,548.41, a decrease of 1.12% compared to the end of the previous year[12] - The company’s total net assets attributable to shareholders increased by 1.65% to CNY 969,713,071.69 compared to the end of the previous year[12] - Total liabilities decreased from ¥1,028,863,564.90 to ¥990,325,460.97, a reduction of approximately 3.5%[33] - Non-current liabilities increased from ¥249,472,274.85 to ¥328,167,453.54, representing a growth of about 31.5%[33] - Current assets rose from ¥949,655,711.34 to ¥982,106,044.60, an increase of approximately 3.4%[39] - Total liabilities amounted to ¥1,028,863,564.90, a decrease of ¥57,280,665.78 from the previous period[71] Shareholder Information - The number of shareholders at the end of the reporting period was 19,755, with the largest shareholder holding 29.81% of the shares[20] - The company’s major shareholder, HONG DANIEL, has pledged 10,000,000 shares[20] Investment Activities - Investment activities generated a net cash outflow of -¥56,160,060.49, a decline of 425.92% from ¥17,231,245.50[26] - Total cash inflow from investment activities was CNY 108,753,536.64 in Q1 2021, compared to CNY 44,041,511.66 in Q1 2020[59] - Cash outflow from investment activities totaled CNY 164,913,597.13 in Q1 2021, significantly higher than CNY 26,810,266.16 in Q1 2020[59] Other Financial Metrics - Financial expenses decreased by 43.36% to ¥14,970,651.00 from ¥26,429,851.27[25] - Other income dropped by 97.04% to ¥75,471.26 from ¥2,552,458.59, reflecting reduced government subsidies[25] - Investment income fell by 92.10% to ¥994,555.17 from ¥12,588,874.37[25] - Other comprehensive income improved by 54.79%, reducing losses to -¥4,811,443.76 from -¥10,642,371.03[21] - The capital reserve was recorded at ¥396,034,546.92, supporting future growth initiatives[76]