Financial Performance - In 2021, the company achieved a revenue of 3.234 billion, representing a year-on-year growth of 28.51%[3] - The operating profit for 2021 was 569 million, with a year-on-year increase of 28.25%[3] - The company's operating revenue for 2021 was ¥3,234,095,652.09, representing a 28.51% increase compared to ¥2,516,603,152.67 in 2020[34] - The net profit attributable to shareholders for 2021 was ¥487,328,815.66, up 28.05% from ¥380,580,551.53 in 2020[34] - The net cash flow from operating activities for 2021 was ¥290,936,576.96, reflecting a 10.37% increase from ¥263,611,145.06 in 2020[34] - The total assets at the end of 2021 were ¥5,231,763,147.47, a 20.30% increase from ¥4,349,108,301.34 at the end of 2020[37] - The basic earnings per share for 2021 was ¥1.22, which is a 26.10% increase compared to ¥0.97 in 2020[37] - The weighted average return on equity for 2021 was 17.09%, an increase of 1.52 percentage points from 15.57% in 2020[37] - The net profit after deducting non-recurring gains and losses for 2021 was ¥369,445,310.29, which is a 15.78% increase from ¥319,098,066.37 in 2020[34] - The net profit reached ¥489,985,333.11, marking a year-on-year increase of 27.87%[74] Market Expansion and Product Development - The company successfully entered the supply chain of leading global photovoltaic enterprises in 2021, enhancing its market presence in various sectors such as automotive, industrial control, lighting, and charging[4] - The company plans to continue expanding its market presence and invest in new product development[34] - The company is actively expanding into new market areas, contributing to the overall revenue growth[84] - The company plans to expand production capacity for key products, particularly in the home appliance, industrial, and new energy vehicle sectors[143] - The company aims to enhance supply chain security by investing in the expansion of key raw materials, specifically aluminum foil[143] - The company is committed to increasing R&D investment to identify new market opportunities and enhance product quality and service[147] Research and Development - The company has initiated a project-based upgrade in R&D, leading to a higher output of research results and the introduction of more excellent products to meet market demands[7] - The company holds a total of 326 valid patents as of December 31, 2021, including 56 invention patents[51] - The company has a strong R&D team with 565 researchers and has received multiple honors, including being recognized as a national technology innovation demonstration enterprise[66] - Total R&D expenses amounted to ¥174,057,131.35, which is 5.38% of operating revenue[93] - The number of R&D personnel is 565, making up 11% of the total workforce[94] Corporate Governance and Management - The company adheres to strict corporate governance practices, ensuring compliance with relevant laws and regulations, and maintaining transparency in operations[150] - The board of directors and supervisory board operate independently, ensuring no undue influence from the controlling shareholder[152] - The company actively engages with investors, providing timely and transparent information to protect their rights and interests[153] - The company has established measures to ensure the independence of its assets, personnel, and operations, with no significant differences from regulatory requirements[156] - The company has appointed new independent directors and supervisors during the 2021 annual general meeting[162] - The company’s management compensation is primarily based on its actual performance and profitability[178] Risks and Challenges - The company faces risks from fluctuations in downstream industry demand, which could significantly impact overall performance due to the cyclical nature of the aluminum electrolytic capacitor industry[144] - Increased competition in the electronic components manufacturing sector, particularly in the mid-to-high-end market, poses a threat to the company's market share and industry leadership[144] - Labor resource shortages and rising labor costs are concerns, prompting the company to enhance automation and improve operational efficiency to mitigate these risks[147] - Raw material price volatility is a significant risk, as raw material costs constitute a high proportion of total production costs; the company is focusing on increasing self-supply rates and managing procurement costs[148] Employee and Workforce Management - The total number of employees in the parent company and major subsidiaries is 5,176[200] - The number of employees with a bachelor's degree or above is 628[200] - The company has established a compensation structure based on job qualifications and performance evaluation[200] - The company provides various social insurance and supplementary medical insurance for employees[200] - The workforce includes 191 sales personnel, 602 technical personnel, 41 financial personnel, 598 administrative personnel, and 526 quality inspection personnel[200] Future Outlook - The company is committed to enhancing shareholder value through disciplined financial management and strategic investments[168] - The management provided guidance for the upcoming quarter, projecting a revenue increase of approximately 10% year-over-year[168] - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth opportunities[168] - The company emphasized the importance of strategic partnerships to leverage market presence and enhance product offerings[168]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥866,525,508.51, representing a year-on-year increase of 29.21%[6] - The net profit attributable to shareholders for Q3 2021 was ¥124,966,103.56, reflecting a growth of 37.25% compared to the same period last year[6] - The basic earnings per share for Q3 2021 was ¥0.3128, an increase of 41.92% year-on-year[9] - The company reported a net profit attributable to shareholders for the year-to-date of ¥356,904,373.48, which is a 33.44% increase year-on-year[6] - The diluted earnings per share for Q3 2021 was ¥0.3089, up by 40.15% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2021 reached ¥2,380,617,764.82, a significant increase from ¥1,748,554,402.07 in the same period of 2020, representing a growth of approximately 36.2%[35] - The net profit for the third quarter of 2021 was CNY 359,759,668.66, an increase of 33.5% compared to CNY 269,350,226.50 in the same period of 2020[40] - The operating profit reached CNY 418,548,445.44, up from CNY 311,090,854.60, reflecting a growth of 34.5% year-over-year[40] - The total revenue from operating activities was CNY 1,652,396,840.94, compared to CNY 1,310,156,690.34 in the previous year, marking an increase of 26.1%[43] - Basic earnings per share increased to CNY 0.8963 from CNY 0.6726, representing a growth of 33.4%[40] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,910,035,839.76, marking a 12.90% increase from the end of the previous year[9] - The company's total assets increased to ¥4,910,035,839.76 in Q3 2021, compared to ¥4,349,108,301.34 in Q3 2020, marking a growth of about 12.9%[33] - Total liabilities reached ¥1,921,331,534.89 in Q3 2021, up from ¥1,652,215,644.34 in Q3 2020, which is an increase of approximately 16.3%[33] - The cash and cash equivalents at the end of the period amounted to 236,707,492.56 RMB, down from 246,893,213.94 RMB, reflecting a net decrease of 112,492,384.77 RMB[45] - Total current assets were reported at 3,148,981,171.17 RMB, remaining unchanged from the previous period[45] - Non-current assets totaled 1,200,127,130.17 RMB, with a slight increase to 1,229,114,860.82 RMB due to new lease accounting adjustments[47] - Total liabilities amounted to 1,652,215,644.34 RMB, slightly increasing to 1,681,203,374.99 RMB, primarily driven by changes in non-current liabilities[49] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥322,366,650.52, showing a growth of 15.16%[9] - Cash flow from operating activities generated a net amount of CNY 322,366,650.52, compared to CNY 279,922,449.05 in the same quarter last year, indicating a rise of 15.1%[43] - The cash inflow from investment activities was CNY 787,597,522.30, while cash outflow was CNY 1,090,594,648.52, resulting in a net cash flow of -CNY 302,997,126.22 for investment activities[43] - The net cash flow from financing activities was -130,585,002.94 RMB, compared to -130,222,133.40 RMB in the previous period, indicating a slight decrease in financing activities[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,681[15] - The first major shareholder, Hunan Aihua Holdings Co., Ltd., holds 47.68% of the shares, with 14.5 million shares pledged[20] Investments and Projects - The company completed the "Horn-type aluminum electrolytic capacitor expansion project" with a total investment of CNY 88.07 million, and the remaining funds were CNY 0.14 million[21] - The "Layered sheet solid aluminum electrolytic capacitor production project" has a planned investment of CNY 108 million, with only CNY 0.31 million invested so far, leaving CNY 115.83 million remaining[21] - The subsidiary Mianyang Zijiang Electronics has a total investment of approximately CNY 150 million for its relocation and expansion project, with CNY 38.73 million invested to date[22] - The "Rongze aluminum foil third phase 20 lines of chemical foil project" was fully put into production with an actual investment of CNY 155 million[24] Operational Insights - The company attributed the revenue growth to increased orders from downstream industrial clients and successful market expansion efforts[14] - The company plans to expand its market presence and invest in new technologies, although detailed strategies were not specified in the report[35] - The company has seen an increase in accounts payable, which rose to ¥486,070,600.46 in Q3 2021 from ¥391,545,172.14 in Q3 2020, reflecting a growth of approximately 24.1%[33] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 1,620,667,885.27, compared to CNY 1,242,211,676.37 in the same period last year, an increase of 30.4%[43] Research and Development - Research and development expenses amounted to ¥134,712,146.26 in the first three quarters of 2021, up from ¥116,316,386.32 in the previous year, reflecting a growth of approximately 15.8%[35] Accounting Changes - The company implemented new lease accounting standards starting January 1, 2021, affecting the financial statements without retroactive adjustments[52]

证券代码： 603989 证券简称：艾华集团 公告编号：2021-091 转债代码：113504 转债简称：艾华转债 湖南艾华集团股份有限公司 关于参加2021年湖南辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步强化与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，湖南艾华集团股份有限公司（以下简称"公司"）将参加由中国证券监督 管理委员会湖南监管局主办，湖南省上市公司协会与深圳市全景网络有限公司协 办的"湖南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： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台，采取网络远程的方式举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net/），参与公司本次投资者集体接待日活动，活动时间为2021 年9月24日（星期五）下午15:00－17:00。 届时，公司董事会秘书、投资总监、证券事务代表将通过网络文字交流形式 与投资者进行交流与沟通。欢迎广大投资 ...

Financial Performance - The company achieved operating revenue of CNY 1,514,092,256.31, representing a year-on-year increase of 40.47%[22] - Net profit attributable to shareholders was CNY 231,938,269.92, up 31.47% compared to the same period last year[24] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 183,705,228.22, reflecting a growth of 31.63% year-on-year[24] - The net cash flow from operating activities reached CNY 128,230,673.49, an increase of 107.47% year-on-year[24] - Basic earnings per share were CNY 0.5835, representing a 29.04% increase year-on-year[22] - The weighted average return on net assets was 9.26%, an increase of 1.71 percentage points from the previous year[22] - The company’s R&D expenses increased by 44.79% to CNY 92,210,296.50, reflecting a commitment to innovation[54] - The company maintained a strong market position in the aluminum electrolytic capacitor industry, ranking first in market share for energy-saving lighting and mobile fast charging[48] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 4,535,581,589.63, a 4.29% increase from the end of the previous year[22] - The net assets attributable to shareholders amounted to CNY 2,821,800,099.18, showing a growth of 6.17% compared to the previous year[22] - The total assets reached CNY 453,558,160.00, up 4.29% from the end of the previous year[50] - Total current assets as of June 30, 2021, amounted to RMB 3,191,994,625.19, a slight increase from RMB 3,148,981,171.17 at the end of 2020, reflecting a growth of approximately 1.3%[187] - Total liabilities amounted to RMB 1,672,849,559.62, up from RMB 1,652,215,644.34, indicating an increase of about 1.3%[192] - Shareholders' equity attributable to the parent company increased to RMB 2,821,800,099.18 from RMB 2,657,845,730.82, reflecting a growth of approximately 6.2%[192] Market and Industry Insights - The global aluminum electrolytic capacitor market size was approximately ¥51.1 billion in 2020, with a year-on-year growth of 4.5%, and is expected to reach ¥53.97 billion in 2021, reflecting a growth of 5.6%[46] - The demand for aluminum electrolytic capacitors in 2020 was about 132 billion units, with a year-on-year increase of 3.2%, and is projected to reach 141 billion units in 2021, growing by 6.7%[46] - The aluminum electrolytic capacitor industry in China is expected to continue growing, with increasing domestic production capabilities and a gradual reduction in reliance on imports[45] - The company specializes in the production and sales of aluminum electrolytic capacitors and aluminum foil, with a focus on energy-saving lighting capacitors and a full range of products including various types of capacitors[29] Operational Strategies - The company adopts a flexible production model based on customer orders, ensuring efficient production scheduling and inventory management[40] - The company primarily utilizes a direct sales model, which allows for better market demand responsiveness and reduced collection risks[42] - The company’s operational strategies include ongoing product structure adjustments to narrow the gap with imported capacitors, enhancing competitiveness in the international market[45] - The company plans to continue expanding its market presence and enhancing its product offerings in the future[7] Environmental Commitment - The company is committed to environmental protection, with no pollution incidents reported during the reporting period[92] - Jiangsu Lifu's average COD discharge concentration was 7.8 mg/l, significantly below the regulatory threshold of 500 mg/l[93] - The company has established a total COD discharge limit of 37.31 tons per year and ammonia nitrogen limit of 3.087 tons per year, adhering to environmental standards[93] - Jiangsu Lifeng has publicly disclosed various environmental information, including hazardous waste types and emergency response details, ensuring transparency[103] Social Responsibility - The company donated 60,000 yuan to patients in critical condition and 300,000 yuan to the Heshan District Education Foundation during the reporting period[131] - The company plans to continue its annual poverty alleviation and scholarship programs, providing financial aid to impoverished students and employees' children[132] - The company emphasizes the implementation of green and sustainable development principles, committing to social responsibility and targeted poverty alleviation as a long-term initiative[132] Shareholder and Corporate Governance - The controlling shareholder, Ai Hua Investment, holds 48.84% of the company's shares and has committed to integrating its subsidiary, Ai Hua New Power Capacitors, within three years, pending internal approval[144] - The company has not reported any significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[149] - There were no non-operating fund occupations by the controlling shareholder or related parties during the reporting period, reflecting sound financial management[150] - The company has committed to ensuring that any future business opportunities that may lead to competition will be immediately communicated to the listed company[147] Convertible Bonds - The company issued a total of 691 million yuan in convertible bonds, with a maturity of 6 years and an annual interest payment structure[170] - The largest holder of the convertible bonds is Hunan Aihua Holdings Co., Ltd., holding 184.22 million yuan, which represents 37.61% of the total[174] - The remaining unconverted amount of convertible bonds is 489.88 million yuan, which constitutes 70.89% of the total issued convertible bonds[176] - The bond's conversion price has been adjusted multiple times, with the latest adjustment on June 24, 2021, setting the price at 20.81 yuan[180]

2021 年第一季度报告 公司代码：603989 公司简称：艾华集团 转债代码：113504 转债简称：艾华转债 转股代码：191504 转股简称：艾华转股 湖南艾华集团股份有限公司 2021 年第一季度报告 1 / 26 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 26 2021 年第一季度报告 单位：元 币种：人民币 3 / 26 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人艾立华、主管会计工作负责人吴松青及会计机构负责人（会计主管人员）龚妮保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |------- ...

Financial Performance - The company achieved a revenue of 2.517 billion RMB in 2020, representing a year-on-year growth of 11.63%[3] - Operating profit for the year was 443 million RMB, an increase of 14.79% compared to the previous year[3] - The net profit attributable to shareholders for 2020 was approximately CNY 380.58 million, reflecting a growth of 12.71% year-on-year[27] - The net cash flow from operating activities reached approximately CNY 263.61 million, a significant increase of 69.10% compared to the previous year[27] - The total assets at the end of 2020 amounted to approximately CNY 4.35 billion, up 13.65% from the end of 2019[27] - The company's net assets attributable to shareholders increased to approximately CNY 2.66 billion, representing a growth of 16.30% year-on-year[27] - Basic earnings per share for 2020 were CNY 0.97, an increase of 11.49% compared to 2019[30] - The company reported a weighted average return on equity of 15.57% for 2020, slightly down from 15.59% in 2019[30] Dividend Distribution - The company plans to distribute a cash dividend of 3.2 RMB per 10 shares, totaling 126.8 million RMB, which accounts for 33.32% of the net profit attributable to shareholders[11] - In 2020, the company distributed cash dividends of 3.2 RMB per 10 shares, totaling 126,803,221.12 RMB, which represents 33.32% of the net profit attributable to shareholders[162] - The company has a stable cash dividend policy, committing to distribute at least 20% of the annual distributable profit in cash[161] Strategic Initiatives - The company is focusing on the "2020-2025 Group Development Five-Year Plan," with 2020 being the first year of this plan[8] - The company is expanding into emerging markets such as automotive and new energy sectors through intelligent and standardized approaches[7] - The company emphasizes enhancing product performance and customer experience as part of its strategic initiatives[3] - The company aims to become a leading enterprise in the global capacitor industry by enhancing its brand value through quality[8] - The company is committed to maintaining a high-quality production process and compliance with industry standards[4] Research and Development - The company increased its R&D investment to 141.99 million RMB, a year-on-year growth of 17.01%[79] - The company completed 7 high-tech development projects during the reporting period, including 1 new product and 1 breakthrough product improvement project[79] - The company held a total of 275 valid authorized patents by the end of the reporting period, including 41 invention patents[79] - The company has invested significantly in R&D, introducing new products such as high-temperature aluminum electrolytic capacitors and specialized capacitors for renewable energy applications, laying a solid foundation for future market development[66] Market Position and Competition - The company ranks first globally in the market share of aluminum electrolytic capacitors for energy-saving lighting, with a product lifespan of 130°C for 5000 hours, matching the performance of Japanese counterparts[68] - The global market for aluminum electrolytic capacitors exceeds 30 billion RMB, with Japanese manufacturers holding over 50% market share[71] - The company has become the only domestic supplier of smart meter capacitors certified by the State Grid, breaking the long-standing monopoly of Japanese manufacturers[70] - The company operates in a highly competitive industry, with increasing competition from both domestic and international players, potentially affecting market share[156] Operational Efficiency - The company has established a new department structure to improve operational efficiency and collaboration across functions[4] - The company employs a flexible production model based on customer orders, ensuring responsiveness to market demand[49] - The sales model primarily consists of direct sales, which helps the company to quickly adapt to market changes and reduce collection risks[52] - The company has established long-term relationships with suppliers to ensure the quality and supply of raw materials[52] Financial Management - The company plans to implement a comprehensive financial budget system in 2021 to enhance budget monitoring and risk resistance while controlling operational management costs[151] - The company will strengthen management practices and ensure effective systems are fully integrated to enhance sustainable development capabilities[153] Risks and Challenges - The company faces risks from downstream industry demand fluctuations, which could negatively impact overall performance if demand growth slows[156] - The company anticipates rising labor costs due to a tightening labor supply and increasing demand for workers in the rapidly developing central and western regions[156] - The company is expanding its international operations, which exposes it to exchange rate risks, particularly with the rising value of the RMB against the USD[157] Social Responsibility - The company has accumulated donations of 200 million RMB in recent years, reflecting its commitment to social responsibility[72]

Financial Performance - Operating income for the first nine months was CNY 1,748,554,402.07, reflecting a year-on-year growth of 7.85%[10] - Net profit attributable to shareholders of the listed company increased by 23.22% to CNY 267,473,552.35[10] - Basic earnings per share rose by 20.84% to CNY 0.6726[10] - Total operating revenue for Q3 2020 reached ¥670,647,827.38, an increase of 18.77% compared to ¥564,589,377.58 in Q3 2019[45] - Net profit for Q3 2020 was ¥93,379,208.89, representing a growth of 11.93% from ¥83,869,484.03 in Q3 2019[49] - Total comprehensive income attributable to the parent company for the first three quarters of 2020 was ¥165,375,335.27, compared to ¥161,209,720.05 in the same period of 2019[59] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,878,921,837.98, an increase of 1.36% compared to the end of the previous year[10] - Total current assets as of September 30, 2020, amounted to ¥2,740,062,721.37, a slight increase from ¥2,728,122,521.07 as of December 31, 2019[30] - Total non-current assets reached ¥1,138,859,116.61, up from ¥1,098,599,737.17, marking an increase of about 3.7%[34] - Total liabilities decreased to ¥1,297,605,989.58 from ¥1,504,916,999.16, indicating a decline of approximately 13.8%[36] - Total current liabilities decreased to ¥792,972,297.00 from ¥911,208,884.45, a reduction of about 12.9%[34] - Total assets as of September 30, 2020, were ¥3,878,921,837.98, compared to ¥3,826,722,258.24 at the end of 2019, showing a growth of approximately 1.4%[34] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 279,922,449.05, up 71.64% year-on-year[10] - Cash received from operating activities increased by 550.48% to ¥63,139,495.28, mainly due to tax refunds received[24] - The company reported a net cash flow from operating activities of ¥279,922,449.05 for the first three quarters of 2020, up from ¥163,082,555.90 in the same period of 2019[63] - Total cash inflow from operating activities reached CNY 1,229,269,893.98, up from CNY 1,066,151,043.46 year-on-year, reflecting a growth of 15.3%[67] - The net cash flow from investment activities was -CNY 53,310,038.64, an improvement from -CNY 64,793,469.90 in the same period last year[69] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 11.27% to CNY 2,542,993,412.26[10] - The total number of shareholders at the end of the reporting period was 15,327, with the largest shareholder holding 48.08%[16] - Shareholders' equity increased to ¥2,581,315,848.40 from ¥2,321,805,259.08, reflecting a growth of about 11.2%[36] Research and Development - R&D expenses surged by 75.46% to ¥116,316,386.32, reflecting increased investment to enhance product competitiveness[23] - Research and development expenses in Q3 2020 amounted to ¥52,630,225.50, significantly higher than ¥21,731,613.69 in Q3 2019, marking an increase of 142.36%[45] - Research and development expenses increased significantly to ¥37,624,242.93 in Q3 2020, compared to ¥12,636,692.70 in Q3 2019, reflecting a 197.56% rise[54] Financial Expenses - Financial expenses rose by 86.10% to ¥32,169,710.32, mainly due to increased convertible bond interest rates and foreign exchange losses[23] - The company’s financial expenses for Q3 2020 were ¥14,185,304.33, significantly higher than ¥270,685.79 in Q3 2019[54] Strategic Initiatives - The company plans to expand its market presence and invest further in new product development and technology advancements[49] - The company has outlined strategic initiatives for potential mergers and acquisitions to enhance its competitive position in the market[49]

证券代码： 603989 证券简称：艾华集团 公告编号：2020-068 转债代码：113504 转债简称：艾华转债 转股代码：191504 转股简称：艾华转股 湖南艾华集团股份有限公司 关于参加2020年湖南辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步强化与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，湖南艾华集团股份有限公司（以下简称"公司"）将参加由中国证券监督 管理委员会湖南监管局、湖南省上市公司协会与深圳市全景网络有限公司联合举 办的"湖南辖区上市公司2020年度投资者网上集体接待日"活动，现将有关事 项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台，采取网络远程的方式举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net/），参与公司本次投资者集体接待日活动，活动时间为2020 年9月11日（星期五）下午15:00－17:00。 届时，公司董事会秘书、证券事务代表将通过网络文 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately CNY 1,077.91 million, representing a 2.01% increase compared to CNY 1,056.65 million in the same period last year[24]. - Net profit attributable to shareholders of the listed company increased by 31.93% to CNY 176.42 million from CNY 133.72 million year-on-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 139.57 million, up 38.49% from CNY 100.78 million in the previous year[24]. - The basic earnings per share for the first half of 2020 was CNY 0.4522, a 31.88% increase from CNY 0.3429 in the same period last year[25]. - The weighted average return on net assets increased by 1.2 percentage points to 7.55% compared to 6.35% in the previous year[25]. - The company's net cash flow from operating activities was CNY 61.81 million, an increase of 11.66% from CNY 55.35 million in the same period last year[24]. - Total assets at the end of the reporting period were CNY 4,017.25 million, a 4.98% increase from CNY 3,826.72 million at the end of the previous year[24]. - The company's net assets attributable to shareholders of the listed company increased by 3.40% to CNY 2,363.15 million from CNY 2,285.36 million at the end of the previous year[24]. - The increase in net profit was primarily due to improved production capacity, new equipment enhancing automation, and increased self-sufficiency in raw materials, which reduced operating costs and improved gross margin[28]. Revenue and Costs - Revenue for the period reached ¥1,077,906,574.69, representing a 2.01% increase compared to ¥1,056,652,437.04 in the same period last year[51]. - Operating costs decreased by 7.10% to ¥698,987,397.69 from ¥752,393,992.40 year-on-year[51]. - The total operating revenue for the first half of 2020 was CNY 1,077,906,574.69, an increase from CNY 1,056,652,437.04 in the same period of 2019, representing a growth of approximately 2.3%[188]. - The total operating costs decreased to CNY 908,788,203.16 from CNY 934,349,414.10, reflecting a reduction of about 2.7%[188]. Research and Development - Research and development expenses increased significantly by 42.92% to ¥63,686,160.82, up from ¥44,560,141.28, due to increased investment in R&D projects[51]. - Research and development expenses increased to CNY 63,686,160.82 from CNY 44,560,141.28, showing a growth of approximately 42.9%[188]. - Research and development expenses increased to CNY 39,309,096.91 from CNY 32,774,402.80, representing a growth of 20%[194]. Environmental and Social Responsibility - The company donated RMB 717,000 to 30 underprivileged families through the Red Cross Society in the first half of 2020[105]. - The company allocated RMB 30,000 for environmental improvement projects in the Heshan District[105]. - Jiangsu Lifeng discharged a total of 136,700 tons of wastewater during the reporting period, with an average COD concentration of 7 mg/l at the discharge point, resulting in a total COD discharge of 0.9569 tons[130]. - Jiangsu Lifeng's wastewater treatment station has a design capacity of 2,400 m³/d, and the company operates four exhaust gas treatment towers with a total exhaust volume of 30,000 m³/h per tower[132]. - The company has established a comprehensive environmental emergency response mechanism, including a registered emergency plan for sudden environmental pollution incidents[134]. - Jiangsu Lifeng has implemented a self-monitoring plan for environmental protection, with all monitored pollutants meeting the discharge standards[137]. - The company has publicly disclosed information regarding hazardous waste management and air pollution reduction measures on its premises[138]. - Jiangsu Lifeng has not experienced any environmental pollution incidents during the reporting period and has adhered to all relevant environmental laws and regulations[139]. Corporate Governance and Shareholder Information - The company does not plan to distribute profits or increase capital reserves during the reporting period[74]. - The company has a commitment to maintain stock prices and adhere to regulations regarding shareholder reductions[77]. - The company has a long-term commitment to hold shares and will follow regulations for any potential share reductions after the lock-up period[77]. - The company holds 48.84% of Hunan Aihua Group Co., Ltd. and 65% of Aihua New Power Capacitor (Suzhou) Co., Ltd., ensuring control over both entities[90]. - The total number of ordinary shareholders at the end of the reporting period was 15,523[148]. - The largest shareholder, Hunan Aihua Holdings Co., Ltd., holds 190,493,063 shares, accounting for 48.71% of total shares[148]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[155]. - There were no changes in the number of restricted shares held by major shareholders during the reporting period[148]. Financial Instruments and Debt - The company issued convertible bonds totaling CNY 690 million with a maturity of 6 years, starting from March 2, 2018[116]. - The company has a total of 1,690 convertible bondholders, with Hunan Aihua Holdings Co., Ltd. holding 47.47% of the bonds[117]. - During the reporting period, the company converted CNY 22.21 million of convertible bonds into 1,042,544 shares, bringing the total converted shares to 1,044,706, which is 0.27% of the total shares before conversion[122]. - The latest conversion price for the convertible bonds is CNY 21.13, adjusted due to annual dividends[126]. - The company maintains a credit rating of AA for both its corporate entity and the issued convertible bonds, with a stable outlook[127]. - The company's current ratio at the end of the reporting period was 2.84, a decrease of 5.02% compared to the previous year[168]. - The asset-liability ratio increased to 40.28%, up 0.95 percentage points from the previous year[168]. - The company has a loan repayment rate of 100%[168]. - As of the end of the reporting period, the company and its subsidiaries had a total credit line of ¥2.398 billion from 10 banks, with ¥321 million utilized[172]. Risks and Challenges - The company faces risks related to downstream industry demand fluctuations, which could impact overall profitability[69]. - Increased competition in the aluminum electrolytic capacitor market may challenge the company's market share[70]. - The company is expanding its international operations, which exposes it to exchange rate risks[71]. Miscellaneous - The company has no major litigation or arbitration matters during the reporting period[98]. - The company has renewed the appointment of Tianzhi International Accounting Firm for the 2020 financial audit[98]. - The company has no significant related party transactions during the reporting period[101]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[99]. - The company has not received any penalties or corrective actions from regulatory authorities during the reporting period[98]. - The company has actively participated in volunteer activities, contributing to social welfare and poverty alleviation efforts[105].

Financial Performance - Operating income for the period was CNY 426,405,991.27, a decrease of 18.66% compared to the same period last year[11] - Net profit attributable to shareholders of the listed company was CNY 61,446,736.31, an increase of 4.86% year-on-year[11] - Basic earnings per share were CNY 0.1576, up by 4.93% from CNY 0.1502 in the same period last year[11] - The net profit for the first quarter of 2020 was CNY 41,857,181.61, an increase from CNY 40,439,996.88 in the same period of 2019, representing a growth of approximately 3.5%[54] - Operating profit for the first quarter reached CNY 46,315,612.77, compared to CNY 39,177,621.39 in the previous year, indicating an increase of about 18.3%[54] - Total revenue from operating activities amounted to CNY 451,894,763.73, up from CNY 383,212,597.80 year-over-year, reflecting a growth of approximately 17.9%[54] - The company reported a total profit of CNY 49,763,423.54, compared to CNY 47,394,447.84 in the previous year, which is an increase of approximately 5.0%[54] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,871,213,291.33, an increase of 1.16% compared to the end of the previous year[11] - Total current assets increased to ¥2,776,832,119.28 from ¥2,728,122,521.07, reflecting a growth of 1.8%[31] - Total liabilities decreased to ¥1,487,277,131.52 from ¥1,504,916,999.16, a reduction of 1.2%[34] - Total equity increased to ¥2,049,001,782.39 from ¥2,007,090,924.29 year-over-year[42] - The company’s total assets as of January 1, 2020, were ¥3,826,722,258.24, unchanged from the previous year[65] - Total liabilities amounted to approximately $1.48 billion, with non-current liabilities totaling about $593.71 million[74] - The company’s total equity attributable to shareholders was approximately $2.29 billion, indicating robust shareholder value[76] Cash Flow - Net cash flow from operating activities was CNY 92,988,826.74, a significant increase of 367.58% compared to the previous year[11] - The cash flow from operating activities was CNY 92,988,826.74, significantly higher than CNY 19,887,174.08 in the same quarter of the previous year[57] - The net cash flow from operating activities for Q1 2020 was ¥101,470,503.69, a significant increase of 98.8% compared to ¥51,034,195.20 in Q1 2019[61] - The net cash flow from financing activities improved to ¥26,308,412.51 in Q1 2020, compared to a negative cash flow of ¥2,072,887.58 in Q1 2019[63] Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 2,346,859,909.89, reflecting a growth of 2.69% year-on-year[11] - The total number of shareholders at the end of the reporting period was 11,468[16] - The largest shareholder, Hunan Aihua Holdings Co., Ltd., held 48.84% of the shares, amounting to 190,493,063 shares[16] Research and Development - The company reported a 55.02% increase in R&D expenses, reflecting increased investment in research and development[23] - Research and development expenses increased to CNY 21,737,991.22 from CNY 17,122,383.81, marking a rise of about 27.5%[54] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 10,506,280.99, which are closely related to its normal business operations[13] - The fair value change income was ¥4,487,629.27, indicating a 100% increase due to non-principal floating income financial products[23] Inventory and Receivables - Accounts receivable reached ¥6,259,645.82, marking a 100% increase as it is planned to hold until maturity[23] - Inventory rose to ¥608,262,770.85 from ¥556,556,192.77, indicating an increase of 9.3%[31] - Accounts payable decreased to ¥276,389,675.24 from ¥339,159,696.84, a decline of 18.5%[34]