Financial Performance - The company's operating revenue for 2022 was CNY 1,469,785,326.04, representing a year-on-year increase of 1.94% compared to CNY 1,441,858,674.22 in 2021[22]. - The net profit attributable to shareholders of the listed company was CNY -80,569,750.94, a significant decrease of 349.08% from CNY 32,346,437.37 in the previous year[22]. - The cash flow from operating activities was CNY 186,228,240.72, recovering from a negative cash flow of CNY -126,523,135.96 in 2021[22]. - The basic earnings per share for 2022 was CNY -0.37, down 346.67% from CNY 0.15 in 2021[23]. - The total assets decreased by 11.39% to CNY 1,518,935,573.27 at the end of 2022, compared to CNY 1,714,097,911.40 at the end of 2021[22]. - The company recognized impairment losses of CNY 159,948,800 for goodwill and CNY 68,275,000 for intangible assets due to underperformance of its subsidiary[23]. - The weighted average return on equity decreased to -10.59% in 2022 from 4.14% in 2021, indicating a significant decline in profitability[23]. - The total net profit for Q4 2022 was CNY -109,203,787.80, reflecting ongoing challenges in profitability[25]. - Non-recurring gains and losses amounted to CNY 86,869,527.72 in 2022, compared to CNY 8,473,777.82 in 2021, indicating a significant increase in non-operational income[28]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[117]. - The board of directors operates effectively, with clear responsibilities and independent oversight, ensuring that major decisions are made in the best interest of the company and its shareholders[118]. - The company has implemented a comprehensive performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with legal requirements[118]. - The company strictly adheres to legal regulations for information disclosure, ensuring timely and fair access to information for all stakeholders[119]. - The total remuneration for the board members and senior management amounted to CNY 2.187 million, with the highest individual remuneration being CNY 420,000 for the chairman[124]. - The company has not identified any significant differences in governance compared to regulatory requirements[119]. - The company has not faced any major changes in competition or conflicts of interest with its controlling shareholders[119]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and strategic developments, advising investors to be cautious[7]. - The company has detailed the major risks associated with its operations in the report, urging investors to review the relevant sections[9]. - The company has established an internal control system and conducted risk assessments, with no significant internal control deficiencies reported during the evaluation period[158]. - The company faces risks from macroeconomic fluctuations, which could adversely affect electric motor market demand and lead to a decline in operating profits if global economic indicators continue to decline[112]. - The company’s main raw material, silicon steel, is subject to price volatility, which can impact production costs and profitability; significant fluctuations in raw material prices could increase operational challenges[113]. Research and Development - Research and development expenses increased by 54.12% to ¥15,155,082.64, aimed at ensuring product quality and competitiveness[58]. - The company has 104 R&D personnel, representing 15.20% of the total workforce[78]. - The company is one of the few in China with complete independent fluorescent quenching technology, supported by various national projects[55]. - The company holds 57 patents, including 10 invention patents and 18 utility model patents, demonstrating its strong R&D capabilities in the security equipment sector[48]. - The company aims to enhance its product offerings by integrating advanced information technology into electric motor manufacturing, aligning with the "Made in China 2025" initiative[98]. Market Position and Strategy - The company maintains a stable operational outlook and anticipates good development prospects for the future[6]. - The company continues to expand its market share while strengthening internal management and quality control[36]. - The company aims to leverage its technological advancements in motor production to capitalize on the growing demand for energy-efficient motors[90]. - The company is committed to green, low-carbon, and high-quality development, focusing on energy-efficient and environmentally friendly products[100]. - The company plans to focus on developing high-efficiency motors, intelligent motors, and wind power generators as part of its future strategy[97]. Shareholder Relations and Dividends - The company proposed a cash dividend of RMB 0.20 per share (including tax) for every 10 shares based on the total share capital as of the dividend record date[6]. - The company plans to distribute cash dividends amounting to at least 20% of the annual distributable profits, contingent on profitability and cash flow conditions[146]. - The company will prioritize cash dividends over stock dividends when conditions allow, ensuring a stable and continuous profit distribution policy[145]. - The board will review the shareholder return plan every three years, adjusting it based on operational conditions and shareholder feedback[149]. - The company declared a cash dividend of 0.20 yuan per 10 shares, totaling 4,354,603.74 yuan, despite a net profit attributable to shareholders of -80,569,750.94 yuan[153]. Environmental and Social Responsibility - The company invested 400,000 yuan in environmental protection initiatives during the reporting period[161]. - The company reduced carbon emissions by 1,268 tons through measures such as using photovoltaic power generation[164]. - The company has complied with national environmental protection laws, achieving ISO14001:2004 certification[162]. - The company has established various environmental protection procedures to manage noise and solid waste effectively[163]. - The company actively participates in social welfare activities, enhancing its corporate image and reputation[36]. Subsidiary Performance - The company acquired 55% equity in Shenzhen Lijian Defense Technology Co., Ltd. for RMB 264 million and completed the capital increase of RMB 30 million, totaling RMB 294 million[179]. - Lijian Defense reported a net profit of -RMB 9.67 million for 2022, failing to meet the commitment of RMB 65 million[180]. - The cumulative net profit from 2020 to 2022 was RMB 19.32 million, significantly below the promised total of RMB 120 million[180]. - The company recognized an impairment loss of RMB 27.75 million related to goodwill, with RMB 15.99 million attributable to the company[181]. Employee Management - The total number of employees in the parent company is 621, while the main subsidiaries have 63 employees, resulting in a total of 684 employees[140]. - The company has established a comprehensive training system to enhance employee skills and performance, which is linked to career advancement[143]. - The compensation policy aims to increase the proportion of variable pay to incentivize high-quality and creative work among employees[142]. - The company encourages employee participation in training and development, utilizing internal trainers to foster talent[143].

证券代码：603819 证券简称：神力股份 公告编号：2023-026 常州神力电机股份有限公司 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法律责任。 重要内容提示： 会议召开时间：2023 年 5 月 17 日(星期三)上午 10:00-11:00。 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）。 会议召开方式：上证路演中心网络互动方式。 投资者可以于 2023 年 5 月 10 日(星期三)至 5 月 16 日(星期二)下午 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过常州神力电 机股份有限公司（以下简称"公司"）邮箱 investor@czshenli.com 进行提问,公 司将在说明会上就投资者普遍关注的问题进行回答。 公司已于 2023 年 4 月 28 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 5 月 17 ...

2022 年第三季度报告 证券代码：603819 证券简称：神力股份 常州神力电机股份有限公司 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 | | | | | 单位：元 币种：人民币 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 332,884,153.03 | -0.03 | 1, ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥796,812,144.11, representing a 16.13% increase compared to ¥686,150,161.80 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached ¥37,626,364.69, a significant increase of 672.91% from ¥4,868,144.32 in the previous year[18]. - The net cash flow from operating activities was ¥57,161,392.74, a recovery from a negative cash flow of ¥94,661,139.81 in the same period last year[18]. - The total assets of the company increased by 8.33% to ¥1,856,950,505.09 from ¥1,714,097,911.40 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company rose by 4.62% to ¥838,183,978.48 from ¥801,206,971.6 at the end of the previous year[18]. - Basic earnings per share for the first half of 2022 were ¥0.1728, up 671.43% from ¥0.0224 in the same period last year[19]. - The weighted average return on net assets increased to 4.59%, up 3.95 percentage points from 0.64% in the previous year[19]. - The increase in revenue and net profit was primarily due to the transfer of overseas orders to domestic production and price adjustments initiated by customers[19]. - The company achieved a total sales revenue of 797 million yuan in the first half of 2022, representing a year-on-year increase of 16.13%[39]. - The net profit attributable to shareholders of the listed company was 37.63 million yuan, up 672.91% compared to the same period last year[39]. - The total assets of the company reached 1.857 billion yuan, reflecting an 8.33% increase year-on-year[39]. Research and Development - Research and development expenses rose significantly by 52.57% to ¥6,621,024.61 from ¥4,339,544.94 in the previous year, indicating a focus on innovation[44]. - The company has developed multiple detection instruments based on fluorescence quenching technology, with 41 national patents obtained, including 8 invention patents[33]. - The company is investing heavily in R&D, with a budget increase of 30% to enhance product innovation and technology[72]. - The company is focusing on enhancing its technological capabilities to drive future growth and innovation[140]. Market Expansion and Strategy - The company has established stable partnerships with leading international motor manufacturers, including Cummins, Siemens, and General Electric, enhancing its market recognition[32]. - The company acquired a stake in Lijian Defense, which specializes in security inspection equipment and military equipment manufacturing, expanding its business scope into the public safety sector[26]. - The global market for explosion-proof security inspection equipment reached approximately $44.15 billion in 2017, with China's market expected to grow from 48.85 billion in 2018 to 62.38 billion by 2026[26]. - Market expansion plans include entering three new international markets by Q4 2022, aiming for a 10% market share in each[72]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the tech sector[72]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[140]. Financial Position and Liquidity - Cash and cash equivalents increased by 48.51% to ¥306,179,125.94, up from ¥206,173,144.11 in the previous year, indicating improved liquidity[45]. - Accounts payable rose by 23.44% to ¥106,155,198.95 from ¥85,995,241.60, reflecting increased inventory purchases[46]. - The total liabilities rose to CNY 944,361,934.46, compared to CNY 833,334,813.07, indicating an increase of about 13.3%[113]. - Total current assets rose to ¥1,221,315,370.33 from ¥1,069,435,782.73, indicating an increase of around 14.2%[111]. - The company reported a net increase in cash and cash equivalents for the first half of 2022 was RMB 98,775,981.83, contrasting with a decrease of RMB 150,259,969.05 in the previous year[127]. Corporate Governance and Compliance - The company has established a corporate governance structure consisting of a shareholders' meeting, board of directors, and board of supervisors[155]. - The company committed to ensuring the independence of its senior management and financial personnel, prohibiting them from holding positions in other companies and receiving salaries from them[67]. - The company guarantees the independence of its assets, ensuring complete operational assets and prohibiting the misuse of funds and resources[69]. - The company has established an independent financial accounting department and management system, ensuring it operates separate bank accounts and complies with independent tax obligations[69]. - The company emphasizes the independence of its business operations, maintaining the ability to conduct activities autonomously and adhering to legal procedures for any necessary related transactions[69]. Environmental Responsibility - The company adheres to environmental protection regulations, achieving ISO14001:2004 certification and maintaining pollutant emissions within national standards[63][64]. - The main pollutants generated during production are noise and solid waste, with established procedures for their control[64]. - The company has not faced any environmental pollution incidents during the reporting period[64]. - The company is not listed as a key pollutant discharge unit by local environmental authorities[63]. Risks and Challenges - The company faces risks related to concentrated customer base, primarily in the diesel generator, elevator traction machine, wind turbine, and medium-high voltage motor sectors, which could adversely affect business if demand declines[51]. - The main raw material, silicon steel, is sourced from major suppliers like Baowu Group, leading to high supplier concentration risk that could impact production if supply is disrupted[51]. - Fluctuations in raw material prices, particularly for silicon steel, have increased production costs, with steel prices reaching a nearly ten-year high, potentially lowering gross margins[51]. - Rising labor costs in Jiangsu, where the company operates, could negatively impact profitability if efficiency improvements do not keep pace[52]. Shareholder Engagement - The company did not propose any profit distribution or capital reserve increase for the first half of 2022, with no dividends or stock bonuses planned[58]. - Shareholder returns are prioritized, with a planned dividend increase of 15% in the upcoming fiscal year[72]. - The company has established an investor compensation fund to address any potential economic losses incurred by investors due to previous disclosures[76]. Future Outlook - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 25%[72]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[118]. - Future guidance indicates a projected revenue growth of approximately 12% for the next fiscal year[140].

Financial Performance - In 2021, the company's operating income reached RMB 1,441,858,674.22, representing a 53.21% increase compared to RMB 941,074,428.71 in 2020[20]. - The net profit attributable to shareholders was RMB 32,346,437.37, a significant increase of 114.54% from RMB 15,076,777.18 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was RMB 23,872,659.55, reflecting a 158.15% increase from RMB 9,247,572.28 in 2020[20]. - The company's total assets increased by 25.42% to RMB 1,714,097,911.40 at the end of 2021, up from RMB 1,366,667,457.99 at the end of 2020[20]. - The net assets attributable to shareholders rose to RMB 801,206,971.60, a 7.31% increase from RMB 746,623,041.11 in 2020[20]. - Basic earnings per share increased by 114.29% to CNY 0.15 in 2021 compared to CNY 0.07 in 2020[21]. - The company's revenue for Q4 2021 reached CNY 422,730,204.45, with a net profit attributable to shareholders of CNY 20,204,752.20[25]. - The weighted average return on equity increased to 4.14% in 2021, up from 1.94% in 2020, reflecting a significant improvement in profitability[21]. Operational Challenges and Risks - The company has outlined potential risks in its operations, which are detailed in the management discussion and analysis section of the report[7]. - The company emphasizes that forward-looking statements regarding future plans do not constitute a commitment to investors, highlighting the importance of investment risk awareness[6]. - The company highlighted challenges in the macroeconomic environment, including demand contraction and supply shocks, impacting industrial production[33]. - The company is facing challenges in the electric motor manufacturing industry due to high raw material prices and cautious investment attitudes among users[92]. - The company faces risks from macroeconomic fluctuations, which could adversely affect electric motor market demand and lead to a decline in operating profits if global economic indicators continue to decrease[112]. - The company’s main raw material, silicon steel, is subject to price volatility, which can impact production costs and profitability; significant price fluctuations could increase financial pressure and affect inventory valuation[114]. Strategic Initiatives - The company plans to continue focusing on market expansion and new product development in response to changing economic conditions[33]. - The company aims to enhance internal management and cost control to address challenges in 2022, focusing on improving operational efficiency[108]. - The company plans to increase customer acquisition and sales scale while enhancing automation and product series through increased R&D investment[108]. - The company will strengthen its technological innovation efforts, focusing on new product and process development to boost R&D capabilities[108]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its product offerings[130]. Research and Development - The company has invested in R&D for various advanced technologies, including high-sensitivity fluorescence sensing technology, and has received multiple certifications[41]. - The company’s research and development expenses were not detailed in the provided content, indicating a focus on innovation and new product development[68]. - Total R&D expenses amounted to ¥62,156,189.17, representing 4.31% of operating revenue, with no capitalized R&D expenditures[80]. - The number of R&D personnel is 84, accounting for 12.48% of the total workforce[81]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[119]. - The board of directors operates effectively, with clear responsibilities and a commitment to safeguarding the interests of the company and its shareholders[120]. - The company has implemented a comprehensive performance evaluation and compensation system for senior management, ensuring transparency and adherence to legal requirements[120]. - The company has established a compensation committee to oversee the remuneration of senior management[134]. Environmental and Social Responsibility - The company complies with national environmental protection laws, achieving ISO14001:2004 certification for its environmental management system[165]. - The main pollutants generated during production are noise and solid waste, with effective control measures implemented[166]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[166]. Shareholder Relations and Profit Distribution - The company proposed a cash dividend of RMB 0.45 per share (including tax) for every 10 shares held, based on the total share capital as of the dividend record date[5]. - The company plans to distribute cash dividends of at least 20% of the distributable profits when the net profit is positive and the accumulated undistributed profits are also positive[153]. - The company emphasizes cash dividends as the primary method of profit distribution, ensuring clarity and compliance with the company's articles of association[157]. Acquisition and Performance Commitments - The company acquired 55% equity in Shenzhen Lijian Defense Technology Co., Ltd. for a total cash consideration of RMB 26,400 million and an additional capital increase of RMB 3,000 million, totaling RMB 29,400 million[180]. - In 2020 and 2021, Lijian Defense achieved audited net profits of RMB 1,975.09 million and RMB 924.39 million, respectively, failing to meet the performance commitment for 2021[180]. - The company has a performance compensation mechanism in place, where Lijian Group will compensate the company in cash if the performance commitments are not met[179].

2022 年第一季度报告 证券代码：603819 证券简称：神力股份 常州神力电机股份有限公司 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、准确性和完整性依法承担法律责任。 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 | 本报告期比上年同期增减 变动幅度(%) | | --- | --- | --- | | 营业收入 | 371,045,571.12 | 27.77 | | 归属于上市公司股东的净利润 | 28,669,198.25 | 不适用 | | 归属于上市公司股东的扣除非经常 性损益的净利润 | 28,530,982.02 | 不适用 | | 经营活动产生 ...

2021 年第三季度报告 □是 √否 一、 主要财务数据 证券代码：603819 证券简称：神力股份 常州神力电机股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、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 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 (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 | 年初至报告期末 | 年初至报告 期末比上年 | | | | 期增减变 | | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 332,978,307.97 | 42.63 | 1,019,128 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥686,150,161.80, representing a 46.57% increase compared to ¥468,148,015.51 in the same period last year[19]. - The net profit attributable to shareholders decreased by 61.25% to ¥4,868,144.32 from ¥12,564,421.66 in the previous year[19]. - The net cash flow from operating activities was negative at -¥94,661,139.81, a decline of 227.58% compared to ¥74,197,968.37 in the same period last year[19]. - Total assets increased by 16.52% to ¥1,592,393,884.29 from ¥1,366,667,457.99 at the end of the previous year[19]. - The basic earnings per share dropped by 60.77% to ¥0.0224 from ¥0.0571 in the same period last year[19]. - The company reported a 2.78% increase in net assets attributable to shareholders, reaching ¥767,355,445.02 compared to ¥746,623,041.11 at the end of the previous year[19]. - The company achieved a total sales revenue of 686.15 million RMB, an increase of 46.57% compared to the same period last year[42]. - The net profit attributable to shareholders was 4.87 million RMB, a decline of 61.25% year-on-year, while the net profit excluding non-recurring gains and losses decreased by 35.36%[42]. - The total assets increased by 16.52% year-on-year, reaching 1.59 billion RMB, primarily due to the acquisition and capital increase in Lijian Defense, making it a subsidiary[42]. - The company faced significant pressure on cash flow, with net cash flow from operating activities decreasing by 227.58% to -94.66 million RMB[47]. - The cost of goods sold rose by 45.03% to 599.20 million RMB, driven by increased sales volume and raw material costs[47]. Operational Challenges - The decline in net profit was primarily due to increased material costs, delayed price adjustments, and higher operational expenses following the relocation to a new facility[20]. - The company faced increased financial expenses due to a rise in procurement funding needs and loan scales resulting from soaring raw material prices[20]. - The company incurred other non-operating expenses totaling RMB 581,728.12, impacting overall profitability[23]. - The company reported a significant increase in financial expenses, totaling ¥11,190,307.26, compared to ¥6,468,040.06 in the previous year[113]. - The company experienced a credit impairment loss of ¥5,099,685.95, contrasting with a gain of ¥788,640.18 in the previous year[114]. - The company reported a significant increase in cash flow from operating activities, with cash outflow from operating activities increasing to 606,501,977.60 RMB, compared to 364,539,597.85 RMB in the previous year, representing a rise of about 66.38%[120]. Business Expansion and Development - The company has expanded its business by acquiring equity in Lijian Defense, which specializes in security inspection equipment and military equipment manufacturing[27]. - The company has developed a diverse range of products applicable to different motor types, including those used in marine, diesel generation, and wind power[31]. - The company has integrated IoT and big data technologies into its security systems, enhancing its capabilities in real-time information processing[32]. - The company has established stable partnerships with leading motor manufacturers such as Cummins, ABB, and Siemens, enhancing its reputation in both domestic and international markets[33]. - The company is investing 200 million RMB in research and development for new technologies aimed at enhancing user experience[76]. - The company plans to expand its market presence and invest in new product development to drive future growth[128]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[128]. Financial Management and Governance - The company has implemented an employee stock ownership plan to align the interests of employees and shareholders, enhancing motivation and retention of key personnel[44]. - The company has not proposed any profit distribution or capital reserve transfer for the half-year period[62]. - The company has established measures to ensure compliance with commitments made during the reporting period[71]. - The company has a commitment to not seek control changes within the next 12 months[71]. - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[148]. - The financial report was approved by the board of directors on August 27, 2021[148]. Environmental and Compliance - The company has not faced any administrative penalties related to environmental issues and complies with national environmental protection standards[68]. - The company has achieved ISO14001:2004 and GB/T28001-2011/OHSAS18001:2007 certifications for environmental and occupational health safety management systems[68]. - The main pollutants generated during production are noise and solid waste, with established procedures for their control[68]. - The company has not reported any environmental pollution incidents during the reporting period[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,604[92]. - The largest shareholder, Chen Zhongwei, held 36.20% of the shares, amounting to 78,818,103 shares, with 26,000,000 shares pledged[94]. - The second-largest shareholder, Shenzhen Qianhai Zhongwu Enterprise Management Co., Ltd., held 8.01% of the shares, totaling 17,444,700 shares[94]. - The company reported a lock-up period for shareholders, allowing a maximum of 15% transfer of pre-issue shares within 12 months post-lock-up expiration, and 30% within 24 months[73]. Market Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30%[76]. - New product launches are expected to contribute an additional 500 million RMB in revenue by the end of 2021[76]. - Market expansion plans include entering three new international markets by Q4 2021, targeting a 10% market share in each[76]. - The company aims to improve operational efficiency, targeting a 15% reduction in costs by the end of 2021[76]. Accounting and Financial Reporting - The company's accounting policies comply with the requirements of enterprise accounting standards[153]. - The consolidated financial statements include the company and its subsidiaries, determined based on control[160]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[158]. - The company measures expected credit losses for financial assets based on credit risk characteristics, categorizing them into several groups for calculation[191].

Financial Performance - Operating revenue rose by 29.05% to CNY 290,411,485.88 year-on-year[7] - Net profit attributable to shareholders decreased by 149.30% to a loss of CNY 2,261,752.78 compared to the same period last year[7] - Basic earnings per share dropped by 133.33% to -CNY 0.01[8] - The company reported a net loss from non-recurring gains and losses of CNY 3,291,976.66, a decrease of 505.61% year-on-year[7] - The net profit for Q1 2021 was a loss of CNY 3,923,452.70, compared to a profit of CNY 4,587,308.25 in Q1 2020, indicating a decline in profitability[29] - The gross profit margin decreased, with operating profit for Q1 2021 at -CNY 3,585,299.95, down from CNY 6,495,076.81 in Q1 2020[29] - The company reported a basic and diluted earnings per share of -CNY 0.01 for Q1 2021, down from CNY 0.03 in Q1 2020[30] - The company experienced a credit impairment loss of -CNY 1,772,075.38 in Q1 2021, contrasting with a gain of CNY 260,879.95 in Q1 2020, highlighting challenges in asset quality[27] Assets and Liabilities - Total assets increased by 19.30% to CNY 1,630,485,837.66 compared to the end of the previous year[7] - Current assets totaled ¥976,227,866.56, up from ¥865,913,602.60, indicating an increase of about 12.8%[19] - Total liabilities reached ¥788,271,253.01, compared to ¥620,044,416.88, showing an increase of about 27.1%[21] - Total liabilities increased to CNY 740,847,036.71 in Q1 2021 from CNY 614,877,460.11 in Q1 2020, indicating a rise in financial obligations[27] - The company's equity increased to ¥842,214,584.65 from ¥746,623,041.11, representing a growth of approximately 12.8%[21] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 107,424,098.10, compared to a net outflow of CNY 23,135,509.37 in the previous year[7] - Operating cash flow for Q1 2021 was negative at CNY -107,424,098.10, compared to CNY -23,135,509.37 in Q1 2020, indicating a worsening cash flow situation[33] - The net cash flow from financing activities in Q1 2021 was CNY 70,239,382.24, an increase from CNY 46,858,972.38 in Q1 2020, showing a growth of about 50%[34] - The company raised CNY 248,000,000.00 through borrowings in Q1 2021, compared to CNY 90,000,000.00 in Q1 2020, indicating a significant increase in financing activities[34] - The company reported a total cash outflow from investing activities of CNY 160,610,994.80 in Q1 2021, compared to CNY 10,045,329.93 in Q1 2020, reflecting a substantial increase in investment expenditures[34] Shareholder Information - The total number of shareholders reached 8,245[12] - The largest shareholder, Chen Zhongwei, holds 36.20% of the shares, with 26,000,000 shares pledged[12] Expenses - Sales expenses increased by 132.06% to ¥12,716,745.64 from ¥5,479,965.68, mainly due to the inclusion of expenses from the acquired business[15] - Financial expenses rose by 103.06% to ¥5,839,905.73 from ¥2,875,960.92, resulting from increased borrowing[15] - The company incurred total operating expenses of CNY 315,698,441.05 in Q1 2021, compared to CNY 171,905,217.11 in Q1 2020, marking an increase of approximately 83%[33] Inventory and Receivables - Accounts receivable increased by 33.06% to ¥388,023,802.40 from ¥291,609,473.71, attributed to extended customer credit periods amid intense market competition[14] - Inventory rose by 46.58% to ¥243,801,071.13 from ¥166,325,008.18, driven by increased stocking due to soaring silicon steel prices[14] - Other receivables surged by 681.78% to ¥9,552,178.15 from ¥1,221,856.15, primarily due to the consolidation of a subsidiary[14] Government Support - Government subsidies recognized in the current period amounted to CNY 4,161,743.85[9] Goodwill and Acquisitions - The company reported goodwill of ¥182,631,053.68, resulting from the premium paid in the acquisition of a subsidiary[14] Regulatory Changes - The company implemented the new leasing standards effective January 1, 2021, with no impact on financial statement items, thus no retrospective adjustments were necessary[37] - The company confirmed that the new leasing standards do not apply to prior comparative data, indicating a smooth transition to the new regulations[37] - The audit report for the first quarter of 2021 is not applicable, suggesting no significant issues were identified during the review[37]

Financial Performance - In 2020, the company's operating revenue was CNY 941,074,428.71, a decrease of 14.62% compared to CNY 1,102,166,833.34 in 2019[20] - The net profit attributable to shareholders of the listed company was CNY 15,076,777.18, down 84.16% from CNY 95,171,265.98 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9,247,572.28, a decrease of 62.72% from CNY 24,807,692.37 in 2019[20] - Basic earnings per share decreased by 84.09% to CNY 0.07 in 2020 from CNY 0.44 in 2019[22] - The weighted average return on equity fell by 10.37 percentage points to 1.94% in 2020 from 12.31% in 2019[22] - The company achieved operating revenue of ¥941,074,428.71, a year-on-year decrease of 14.62%[47] - The net profit attributable to shareholders was ¥15,076,777.18, down 84.16% year-on-year[47] - The company's net assets attributable to shareholders decreased by 3.99% to ¥746,623,041.11[47] Cash Flow and Dividends - The net cash flow from operating activities was CNY 151,218,810.30, compared to a negative cash flow of CNY -12,508,185.59 in 2019[20] - The company proposed a cash dividend of CNY 0.21 per 10 shares for the year 2020, subject to the total number of shares on the dividend record date[5] - The company distributed cash dividends totaling CNY 49,437,167.40, with a payout of CNY 3 per 10 shares to shareholders[149] - In 2020, the company did not distribute any cash dividends, while in 2019, it distributed approximately 54.99 million RMB, representing 57.78% of the profits[117] Assets and Liabilities - As of the end of 2020, the total assets amounted to CNY 1,366,667,457.99, an increase of 20.26% from CNY 1,136,381,480.66 at the end of 2019[20] - The company's total assets rose from CNY 1,136,381,480.66 to CNY 1,366,667,457.99, while total liabilities increased from CNY 358,757,489.33 to CNY 620,044,416.88, resulting in an increase in the asset-liability ratio from 31.57% to 45.37%[156] Operational Challenges - The company experienced a decline in sales revenue due to delayed orders and a decrease in sales volume of key products[22] - The new production base has led to increased annual depreciation, contributing to the decline in net profit[22] - Sales of rotor stamping sheets and iron cores decreased, contributing to the overall decline in revenue[51] - The company recognizes the risk of declining operating performance due to fluctuations in market demand and raw material prices[97] - The company faces risks related to customer concentration, as major clients are in cyclical industries[99] - The company relies on a limited number of suppliers for its main raw material, silicon steel, which poses procurement risks[100] Research and Development - Research and development expenses increased by 25.24% to ¥8,780,957.64, reflecting a focus on innovation[49] - The company has a well-established R&D management system, collaborating with research institutions to enhance product development and technological capabilities[37] - The company is focused on developing new products and technologies to strengthen its market position[91] - The company emphasizes the need for continuous technological innovation to maintain its core competitiveness in a rapidly evolving market[104] Market Position and Strategy - The company specializes in the R&D, production, and sales of motor components, including stators, rotor stamping, and cores[33] - The main products are used in various applications, including diesel generators and wind power generators, highlighting the company's market focus[34] - The company is positioned as a professional service provider in the motor component manufacturing sector, integrating R&D, design, production, and sales[33] - The company has built strong partnerships with leading motor manufacturers such as Cummins, ABB, and Siemens, enhancing its brand image and market presence[42] - The company anticipates a trend towards intelligent and modular electric motor systems, integrating diagnostic and control functions[82] Compliance and Governance - The company has received a standard unqualified audit report from Zhonghua Accounting Firm[4] - The company has established a structured decision-making process for profit distribution, requiring approval from the board and independent directors[108] - The company has committed to ensuring the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions[124] - The company has a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and management[186] Shareholder Information - The largest shareholder, Chen Zhongwei, holds 78,818,103 shares, representing 36.20% of the total shares[160] - The total number of ordinary shares increased from 168,314,860 to 217,730,187 during the reporting period, reflecting a capital reserve conversion and share buyback[156] - The total shares held by Chairman Chen Zhongwei increased from 71,328,600 to 78,818,103, reflecting a change of 7,489,503 shares due to capital reserve transfer and reduction[172] Environmental and Social Responsibility - The company actively fulfilled social responsibilities, contributing to charity and participating in public welfare activities[142] - The company complied with environmental protection laws and regulations, achieving ISO14001:2004 certification[143] - The company has not experienced any environmental pollution incidents during the reporting period, adhering to established environmental protection protocols[144] Future Outlook - In 2021, the company aims for a sales revenue target of 1,122.3 million yuan[90] - The company plans to enhance customer acquisition and increase production capacity utilization[90] - Future guidance indicates a focus on improving operational efficiency, aiming for a 5% reduction in operational costs by the end of the fiscal year[130]