Financial Performance - The company's operating revenue for Q1 2023 reached ¥2,084,721,951.30, representing a year-on-year increase of 147.88%[4] - Net profit attributable to shareholders was ¥588,816,014.50, reflecting a significant increase of 345.64% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥524,588,301.37, up by 336.51% year-on-year[4] - The basic and diluted earnings per share were both ¥2.46, an increase of 347.27% compared to the previous year[5] - Operating profit for Q1 2023 was ¥694,909,020.80, up from ¥148,675,229.09 in Q1 2022, reflecting a growth of 367.5%[20] - Net profit for Q1 2023 was ¥588,816,014.50, compared to ¥131,894,648.29 in Q1 2022, representing an increase of 345.0%[20] - The company reported a tax expense of ¥105,974,671.42 for Q1 2023, compared to ¥17,326,643.19 in Q1 2022, reflecting an increase of 512.5%[20] - The net profit attributable to the parent company for Q1 2023 was CNY 588,811,419.32, a significant increase from CNY 131,894,648.29 in Q1 2022, representing a growth of approximately 345%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥10,176,723,330.46, a 19.62% increase from the end of the previous year[5] - Total assets increased to ¥10,176,723,330.46 in Q1 2023, up from ¥8,507,484,403.81 in Q1 2022, marking a growth of 19.6%[18] - Total liabilities rose to ¥5,577,413,540.68 in Q1 2023, compared to ¥4,417,634,146.77 in Q1 2022, an increase of 26.2%[18] - The total current assets reached RMB 8,397,891,426.57, up from RMB 6,760,076,249.23 at the end of 2022, indicating an increase of about 24.2%[16] - The company's fixed assets slightly increased to RMB 1,039,073,528.83 from RMB 1,031,121,928.77, showing a marginal growth of about 0.8%[16] - The total non-current assets amounted to ¥1,778,831,903.89 in Q1 2023, compared to ¥1,747,408,154.58 in Q1 2022, showing a slight increase of 1.8%[18] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥744,784,958.80, a decrease of 806.53% year-on-year[4] - Cash flow from operating activities for Q1 2023 was CNY 744,784,958.80, a turnaround from a negative cash flow of CNY -105,413,999.13 in Q1 2022[23] - Total cash inflow from operating activities reached CNY 1,760,590,483.23, compared to CNY 574,385,734.94 in the previous year, marking an increase of approximately 207%[23] - Cash outflow from operating activities was CNY 1,015,805,524.43, up from CNY 679,799,734.07 in Q1 2022, reflecting increased operational expenditures[23] - Cash flow from investing activities showed a net outflow of CNY -211,092,374.37, an improvement from CNY -381,447,575.39 in the same quarter last year[23] - Cash flow from financing activities generated a net inflow of CNY 778,144,035.47, compared to CNY 483,797,599.98 in Q1 2022, indicating stronger financing activities[24] - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 3,466,706,811.19, up from CNY 1,494,874,937.30 at the end of Q1 2022, showing a significant increase in liquidity[24] Research and Development - The company reported a 326.96% increase in R&D expenses, indicating a significant investment in research and development[10] - Research and development expenses for Q1 2023 were ¥115,696,296.47, significantly higher than ¥27,097,448.42 in Q1 2022, indicating a growth of 328.5%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,670[11] - The weighted average return on equity rose to 13.43%, an increase of 8.55 percentage points compared to the previous year[5] Market and Future Outlook - The company has not disclosed any new product launches or technological advancements during this reporting period[15] - There are no updates on market expansion or mergers and acquisitions in the current report[15] - The company has not provided specific future guidance or performance outlook in this quarter's report[15] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]

证券代码：605117 证券简称：德业股份 公告编号 2023-036 宁波德业科技股份有限公司 关于参加沪市主板光伏产业链上市公司 2022 年年报 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●会议召开时间：2023 年 4 月 27 日(星期四) 下午 16:00-17:00 ● 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/roadshowDisplay.do?tag=pv） ●会议主题：沪市主板光伏产业链上市公司 2022 年年报集体业绩说明会 ●会议召开方式：上证路演中心网络互动 宁波德业科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 18 日发 布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营 成果、财务状况，公司计划于 2023 年 4 月 27 日下午 16:00-17:00 参加沪市主板 光伏产业链上市公 ...

2022年年度报告 公司代码：605117 公司简称：德业股份 宁波德业科技股份有限公司 2022 年年度报告 ...

Key Financial Data Summary This section summarizes the company's financial performance, key accounting data, non-recurring items, and significant changes in financial indicators [Key Accounting Data and Financial Indicators](index=1&type=section&id=(一)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2022, the company's operating revenue was RMB 841 million, a slight decrease of 2.72% year-on-year; however, net profit attributable to shareholders reached RMB 132 million, a 31.81% increase year-on-year, with total assets growing by 13.61% from the previous year-end Key Accounting Data and Financial Indicators | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 841,026,162.70 RMB | -2.72% | | Net Profit Attributable to Shareholders of Listed Company | 132,127,324.63 RMB | 31.81% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 120,178,652.51 RMB | 25.64% | | Net Cash Flow from Operating Activities | -105,413,999.13 RMB | -305.00% | | Basic Earnings Per Share (RMB/share) | 0.77 RMB | -1.28% | | Weighted Average Return on Net Assets | 4.88% | Decreased by 6.05 percentage points | | **Indicator** | **End of Current Period** | **Change from End of Previous Year (%)** | | Total Assets | 4,457,490,123.49 RMB | 13.61% | | Total Equity Attributable to Shareholders of Listed Company | 2,772,332,874.56 RMB | 5.00% | [Non-recurring Gains and Losses](index=2&type=section&id=(二)%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) During the reporting period, total non-recurring gains and losses amounted to RMB 11.95 million, primarily from entrusted investment income and government subsidies, partially offset by fair value change losses from financial instruments Non-recurring Gains and Losses | Item | Current Period Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -495,943.81 | | Government Subsidies | 4,143,474.46 | | Gains/Losses from Entrusted Investments or Asset Management | 28,248,450.62 | | Gains/Losses from Changes in Fair Value of Financial Instruments Held for Trading, etc. | -18,654,040.00 | | Other Non-operating Income and Expenses | 816,944.35 | | Less: Income Tax Impact | 2,110,213.50 | | **Total** | **11,948,672.12** | [Analysis of Major Financial Indicator Changes](index=3&type=section&id=(三)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) Several key financial indicators showed significant changes during the reporting period, with prepayments and contract liabilities increasing due to inverter business growth, while financial expenses surged and investment income rose significantly - Balance Sheet Item Changes: - **Prepayments** increased by **79.55%**, primarily due to increased advance payments for electronic materials required for the inverter business[7](index=7&type=chunk) - **Contract Liabilities** grew by **71.06%**, mainly due to rapid development of the inverter business and increased advance receipts for goods[7](index=7&type=chunk) - **Other Current Liabilities** increased by **133.27%**, primarily due to increased input VAT to be deducted under advance receipts[7](index=7&type=chunk) - Income Statement Item Changes: - **Financial Expenses** decreased by **239.15%** (negative growth indicates a larger expense), primarily due to higher exchange losses in the current period[7](index=7&type=chunk) - **Investment Income** surged by **1,483.40%**, primarily due to increased gains from forward exchange settlement in the current period[7](index=7&type=chunk) - **Gains from Fair Value Changes** decreased by **10,923.03%** (negative growth indicates a larger loss), primarily due to forward exchange lock-in maturing and being recognized as investment income in the current period[7](index=7&type=chunk) - Cash Flow Statement Item Changes: - **Net Cash Flow from Operating Activities** decreased by **305.00%**, primarily due to increased payments for goods and bonuses accrued in the previous year[7](index=7&type=chunk) Shareholder Information This section outlines the company's shareholder structure, including total common shareholders and top ten shareholder holdings [Shareholder Holdings](index=4&type=section&id=(一)%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had 16,240 common shareholders, with the top two shareholders collectively holding over 60% of the shares, indicating a relatively concentrated equity structure - As of the end of the reporting period, the company had **16,240 common shareholders**[8](index=8&type=chunk) Top Ten Shareholders' Shareholding Information | Shareholder Name | Number of Shares Held (shares) | Shareholding Ratio (%) | | :--- | :--- | :--- | | Ningbo Meishan Bonded Port Area Aisi Rui Investment Management Co., Ltd. | 64,806,400 | 37.97 | | Zhang Hejun | 40,960,000 | 24.00 | | Shanghai Jinpu Innovation Consumer Equity Investment Fund (Limited Partnership) | 4,480,000 | 2.62 | | Ningbo Meishan Bonded Port Area Hengli Investment Management Partnership (Limited Partnership) | 4,313,600 | 2.53 | | Zhang Hui | 3,200,000 | 1.87 | | Ningbo Huatong Hengtai Venture Capital Partnership (Limited Partnership) | 3,200,000 | 1.87 | | Hangzhou Longli Investment Management Co., Ltd. - Ningbo Meishan Bonded Port Area Defan Investment Partnership (Limited Partnership) | 2,560,000 | 1.50 | | Hong Kong Securities Clearing Company Limited | 1,372,704 | 0.80 | | Zhou Yuping | 1,306,502 | 0.77 | | Lu Yazhu | 1,280,000 | 0.75 | - Key shareholder relationships: Zhang Hejun and Lu Yazhu are a married couple, and there are associations with other employee shareholding platforms[9](index=9&type=chunk) Management Discussion and Analysis of Operations This section analyzes the company's operational performance, highlighting business segment contributions and their impact on financial results [Business Segment Performance](index=5&type=section&id=%E9%9C%80%E6%8F%90%E9%86%92%E6%8A%95%E8%B5%84%E8%80%85%E5%85%B3%E6%B3%A8%E7%9A%84%E5%85%B3%E4%BA%8E%E5%85%AC%E5%8F%B8%E6%8A%A5%E5%91%8A%E6%9C%9F%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BF%A1%E6%81%AF) During the reporting period, the company's business structure shifted significantly, with strong growth in high-margin inverter and dehumidifier businesses offsetting a decline in heat exchanger revenue, leading to a substantial increase in net profit despite a slight overall revenue decrease Business Segment Revenue YoY Change | Business Segment | YoY Change in Operating Revenue | | :--- | :--- | | Inverter Business | +102.29% | | Dehumidifier Business | +37.96% | | Heat Exchanger Business | -41.30% | - Despite an overall operating revenue decrease of **2.72%** due to the decline in the heat exchanger business, the company's net profit attributable to shareholders increased by **31.81%** due to the rising proportion of the more profitable inverter business[11](index=11&type=chunk) Quarterly Financial Statements This section presents the consolidated balance sheet, income statement, and cash flow statement, detailing the company's financial health and performance for the quarter [Consolidated Balance Sheet](index=6&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2022, total assets were RMB 4.46 billion, up 13.61% from year-end, while total liabilities increased by 30.58% to RMB 1.68 billion, primarily due to new borrowings, and total equity attributable to shareholders grew by 5.00% to RMB 2.77 billion Consolidated Balance Sheet | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | | :--- | :--- | :--- | | Total Assets | 4,457,490,123.49 | 3,923,521,516.69 | | Total Liabilities | 1,675,789,925.27 | 1,283,315,966.76 | | Total Equity Attributable to Parent Company Shareholders | 2,772,332,874.56 | 2,640,205,549.93 | [Consolidated Income Statement](index=8&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2022, the company's operating revenue was RMB 841 million, a 2.72% decrease year-on-year, while total operating costs decreased by 6.69% to RMB 703 million, resulting in a 30.66% increase in operating profit to RMB 149 million and a 31.81% increase in net profit attributable to parent company shareholders to RMB 132 million Consolidated Income Statement | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 841,026,162.70 | 864,583,513.60 | | Total Operating Costs | 703,387,810.49 | 753,786,194.79 | | Operating Profit | 148,675,229.09 | 113,788,741.53 | | Total Profit | 149,221,291.48 | 113,741,541.86 | | Net Profit Attributable to Parent Company Shareholders | 132,127,324.63 | 100,243,712.90 | [Consolidated Cash Flow Statement](index=11&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) During the reporting period, net cash flow from operating activities was -RMB 105 million, a significant 305% year-on-year decrease due to increased payments, while investing activities resulted in a net outflow of RMB 381 million, and financing activities generated a net inflow of RMB 484 million from new borrowings Consolidated Cash Flow Statement | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -105,413,999.13 | 51,421,961.15 | | Net Cash Flow from Investing Activities | -381,447,575.39 | 41,771,105.45 | | Net Cash Flow from Financing Activities | 483,797,599.98 | -91,250.01 | | Net Increase in Cash and Cash Equivalents | -11,811,967.87 | 93,940,566.25 |

Financial Performance - In 2021, the company achieved operating revenue of CNY 4,167,929,962.44, a year-on-year increase of 37.85%[23] - The net profit attributable to shareholders was CNY 578,555,272.84, reflecting a growth of 51.28% compared to the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY 533,390,826.30, up 53.91% year-on-year[23] - The net cash flow from operating activities reached CNY 796,608,179.43, an increase of 75.59% from the previous year[23] - Total assets at the end of 2021 amounted to CNY 3,923,521,516.69, a 134.17% increase compared to the end of 2020[23] - The equity attributable to shareholders increased by 204.43% to CNY 2,640,205,549.93 by the end of 2021[23] - The basic earnings per share were CNY 3.70, representing a 23.75% increase from the previous year[24] - The company’s weighted average return on equity was 29.29%, down 25.97 percentage points from the previous year[24] - Revenue for the reporting period reached RMB 4,167.93 million, representing a year-on-year growth of 37.85%, while operating profit increased by 52.44% to RMB 656.54 million[58] - The net profit attributable to the parent company was RMB 578.56 million, up 51.28% compared to the same period last year[58] Dividend and Capital Structure - As of December 31, 2021, the company's distributable profit was RMB 443,642,462.67, with a proposed cash dividend of RMB 12 per 10 shares, totaling RMB 204,800,400.00 (including tax), resulting in a cash dividend payout ratio of 35.40%[5] - The company plans to increase its share capital by 4 shares for every 10 shares held, raising the total share capital from 170,667,000 to 238,933,800 shares[5] - The company has implemented a cash dividend policy, committing to distribute no less than 10% of the annual distributable profits to shareholders for the next three years following its stock listing[142] Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the financial report's authenticity and completeness[4] - The board of directors and management have confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7] - The internal control audit report issued by the accounting firm was a standard unqualified opinion, indicating effective internal control practices[150] - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance[124] Business Operations and Strategy - The company operates several wholly-owned subsidiaries, including Ningbo Deye Daily Electric Appliance Technology Co., Ltd. and Ningbo Deye Environment Electric Co., Ltd.[12] - The company is headquartered in Ningbo, Zhejiang Province, with its registered address at No. 26, Nanjing South Road, Daqi, Beilun District[18] - The company emphasizes the importance of accurate and complete disclosures in its annual report, with all board members present at the meeting to ensure accountability[8] - The company has developed a vertical integration strategy combining core components and complete machines, enhancing collaboration between upstream and downstream operations[57] - The company has established a comprehensive management system for its subsidiaries to improve overall operational efficiency and risk management capabilities[149] Market and Product Development - The company actively expanded its inverter business, driven by the rapid growth in the energy storage market and photovoltaic installations[33] - In 2021, the inverter products generated revenue of CNY 1,197.53 million, a year-on-year increase of 262.34%, accounting for 28.92% of the company's main business revenue[35] - The company launched several new inverter models in 2021, including 8KW/10KW/12KW three-phase low-voltage household energy storage inverters and a new generation of micro inverters with four MPPT inputs[37] - The company is focusing on expanding its overseas market for inverter products, driven by strong demand[92] - The company is collaborating with the Chinese Academy of Sciences to develop new air purification technologies that do not cause secondary pollution[153] Risks and Challenges - The company has outlined potential risks in the report, advising investors to be cautious regarding future plans and investment risks[6] - The company faced risks related to chip supply shortages due to global constraints but has made progress in domestic chip replacement, reducing future supply chain risks[37] - The company is facing risks from fluctuations in raw material prices, particularly copper and aluminum, which significantly impact cost control[95] - The company is exposed to risks from exchange rate fluctuations as its export revenue is primarily denominated in USD and EUR[99] Research and Development - The company invested RMB 133.20 million in R&D, focusing on expanding new products and enhancing photovoltaic inverter technology[51] - The company holds 218 patents, with significant advancements in inverter technology, including a millisecond-level switch time for off-grid inverters[51][52] - The number of R&D personnel is 292, accounting for 14.50% of the total workforce[78] Governance and Management - The company held a total of eight board meetings during the reporting period[107] - The board consists of seven members, including three independent directors, ensuring compliance with legal requirements[106] - The company has established a comprehensive internal control system to ensure decision-making is scientific[107] - The company has implemented strict information disclosure practices, ensuring timely and accurate communication with shareholders[107] Financial Management - The company has invested in various financial products, including wealth management and structured deposits, with a focus on capital preservation and floating returns[196] - The company has a total guarantee amount of 414,856,389.24 RMB, which accounts for 15.71% of the company's net assets[186] - The company has raised 118,245.00 million RMB in bank wealth management products from raised funds, with an outstanding balance of 33,000.00 million RMB[190] Future Outlook - Future outlook includes plans for market expansion and the introduction of new products[115] - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year[115] - The company plans to strengthen fundraising management and expand business scale to improve market share and operational efficiency[168]