Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 25%[22]. - Revenue for the reporting period (January to June) reached ¥1,955,223,362.80, representing an 81.94% increase compared to the same period last year[24]. - Net profit attributable to shareholders was ¥241,275,489.68, up 90.71% year-over-year, primarily driven by revenue growth[24]. - Basic earnings per share increased to ¥0.60, reflecting an 87.50% rise compared to the previous year[27]. - The net cash flow from operating activities was ¥329,210,530.04, a 120.43% increase from the same period last year[24]. - The company's total assets grew to ¥6,656,094,641.14, marking a 15.43% increase from the end of the previous year[24]. - The weighted average return on net assets rose to 8.09%, an increase of 3.31 percentage points year-over-year[27]. - The net profit after deducting non-recurring gains and losses was ¥223,734,039.04, reflecting a 116.68% increase year-over-year[24]. - The diluted earnings per share increased to ¥0.59, a 90.32% rise compared to the same period last year[24]. Research and Development - Research and development expenses increased by 10% to RMB 50 million, focusing on new battery technologies[22]. - Research and development (R&D) expenses amounted to ¥106,681,084.46, a significant increase of 90.84% compared to ¥55,900,461.99 in the same period last year[60]. - R&D expenses accounted for 5.46% of total revenue, up by 0.26 percentage points from 5.20% year-on-year[60]. - The number of R&D personnel increased to 886, representing 20.58% of the total workforce, compared to 682 and 26.91% in the previous year[81]. - The average salary of R&D personnel rose to 7.28 million RMB, up from 6.23 million RMB in the previous year[81]. - The company filed 50 new patent applications during the reporting period, with 44 granted, bringing the total to 411 applications and 239 granted[55]. Market Expansion and Strategy - The company plans to launch two new products in Q3 2022, targeting a market expansion of 20% in the next fiscal year[22]. - Market expansion efforts include entering two new international markets by the end of 2022[22]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth strategies[22]. - The establishment of a new subsidiary in Germany aims to enhance marketing efforts in the European market, with a focus on major battery manufacturers like Volkswagen and Northvolt[93]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes impacting the industry[22]. - The company faces risks related to technology and product substitution, particularly from fuel cells, which may impact the lithium-ion battery equipment manufacturing sector[94]. - The concentration of sales revenue from the top five customers exceeded 65%, indicating a high customer concentration risk that could affect financial performance if any major client faces difficulties[94]. - The company is exposed to foreign exchange risks due to a portion of sales being denominated in foreign currencies, which could impact competitiveness and financial results if the yuan appreciates[94]. Equipment and Technology Development - The company has developed a complete solution for lithium battery formation and capacity testing, integrating various advanced technologies[42]. - The company has achieved a 20% increase in energy utilization efficiency for the 4680 cylindrical battery integrated charging and discharging machine, with a space reduction of 25%[47]. - The square power battery integrated charging and discharging machine has improved energy utilization efficiency by 30%, reduced space by 30%, and decreased overall energy consumption by 30%[47]. - The company aims to reduce energy loss in the post-processing stage by over 10% through advanced technologies, enhancing adaptability to the power grid[50]. - The integrated intelligent management platform has been developed to track production processes and equipment status, allowing for centralized control of production lines[53]. - The company has successfully launched the 4680 cylindrical battery integrated charging and discharging machine and the square power battery integrated charging and discharging machine into the market[54]. Financial Commitments and Shareholder Information - The company raised a total of RMB 1,124,630,000.00 from its initial public offering, with a net amount of RMB 1,019,924,245.28 after deducting issuance costs[158]. - The total committed investment amount for the fundraising is RMB 546,860,000.00, with cumulative investment amounting to RMB 482,076,563.20, representing a progress rate of 88.15%[158]. - The company has a commitment to stabilize its stock price if it falls below net asset value per share within three years post-listing[140]. - The company has a share lock-up period of 12 months post-listing for major shareholders holding over 5% of shares[139]. - The largest shareholder, Cao Ji, holds 187,616,596 shares, representing 46.36% of the total shares[180]. - The total number of restricted shares held by major shareholders at the end of the reporting period was 290,776,801[176]. Operational Efficiency - The company has reduced installation and debugging time by 40% for its square battery integrated charging and discharging machine, enhancing operational efficiency[85]. - The company has achieved a significant reduction in energy consumption in the factory environment by 80% through independent temperature control in storage locations[54]. - The company has developed a logistics control system for lithium battery equipment, which integrates various equipment communication and supports future expansions[64].

Financial Performance - The company's operating revenue for 2021 was CNY 2,483,313,053.45, representing a 66.35% increase compared to CNY 1,492,867,989.37 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 235,117,881.75, a decrease of 36.79% from CNY 371,938,769.07 in 2020[27]. - The net cash flow from operating activities increased by 64.77% to CNY 481,661,447.27 in 2021, compared to CNY 292,316,221.48 in 2020[27]. - The total assets at the end of 2021 were CNY 5,766,406,983.91, reflecting a 48.78% increase from CNY 3,875,799,623.73 at the end of 2020[27]. - The basic earnings per share for 2021 was CNY 0.58, down 37.63% from CNY 0.93 in 2020[28]. - The net profit after deducting non-recurring gains and losses was 16,566.71 million RMB, a decrease of 47.94% year-on-year[111]. - Operating costs increased by 131.28% to 1,831,483.34 million RMB, primarily due to rising material prices and labor costs[112]. - The gross margin for the equipment manufacturing segment decreased by 21.35 percentage points to 25.72%[112]. Research and Development - Research and development expenses accounted for 5.29% of operating revenue in 2021, a decrease of 1.65 percentage points from 6.94% in 2020[28]. - R&D expenses increased by 26.75% to 13,127.21 million yuan, with R&D personnel rising to 881, accounting for 25.73% of total staff[39]. - The company obtained 4 invention patents, 33 utility model patents, and 3 design patents during the reporting period[39]. - The company filed for 117 new patents during the reporting period, with 45 granted, bringing the total to 361 applications and 195 granted[62]. - The company has established a comprehensive R&D mechanism that includes annual performance contracts with research institutes to ensure continuous innovation and technical advancement[94]. Market Position and Strategy - The company aims to become a global leader in lithium battery smart factory solutions, focusing on intelligent manufacturing and customer-oriented innovation[39]. - The company continues to implement a dual-market strategy, balancing domestic and international market development[39]. - The company is positioned to benefit from the global expansion plans of leading lithium-ion battery manufacturers, indicating potential for further growth[97]. - The company is focused on integrating upstream and downstream resources in the lithium battery industry to provide comprehensive manufacturing solutions[150]. - The company plans to enhance R&D investment and technological innovation, focusing on improving cost-effectiveness, safety, and energy density of lithium battery processing systems[151]. Governance and Compliance - The company has confirmed that all board members attended the board meeting, ensuring governance integrity[6]. - The company has not reported any special arrangements for corporate governance[9]. - The company emphasizes the importance of maintaining a strong governance structure to ensure effective decision-making and compliance with regulations[156]. - The company has established specialized committees, including an audit committee and a strategic decision-making committee, to enhance governance[194]. - The company is committed to complying with the Company Law and regulatory rules set by the China Securities Regulatory Commission in all its meetings and decisions[196]. Risks and Challenges - The company faces risks related to technological and product substitution, particularly from advancements in fuel cell technology[99]. - The company faces risks from rising raw material prices, which have increased due to global commodity price hikes and supply shortages, impacting product costs[102]. - The company is exposed to foreign exchange risks, particularly with sales denominated in USD and EUR, which could affect competitiveness and financial performance if the RMB appreciates[106]. - Sales revenue from the top five customers accounted for over 50% of the company's total revenue, indicating a high customer concentration risk[102]. - The company has experienced a significant increase in accounts receivable, raising concerns about potential bad debts[106]. Shareholder and Management Information - The total number of shares held by the chairman and general manager, Cao Ji, remained unchanged at 187,616,596 shares, with a pre-tax compensation of 1,095,200 CNY[163]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 6.2709 million[183]. - The company has implemented a stock incentive plan to align the interests of management and shareholders[189]. - The company’s management team has a diverse range of experiences across different sectors, which may enhance strategic decision-making[179]. - The company is actively involved in stock incentive plans to retain and motivate key talent, reflecting a commitment to human capital[176].

Financial Performance - The company's operating revenue for Q1 2022 was ¥796,751,277.26, representing a year-on-year increase of 155.40%[6] - The net profit attributable to shareholders was ¥93,669,001.30, reflecting an increase of 80.17% compared to the same period last year[6] - The net cash flow from operating activities reached ¥178,579,666.31, showing a significant increase of 511.33% year-on-year[6] - Basic earnings per share were ¥0.23, up by 78.75% from the previous year[9] - Total operating revenue for Q1 2022 reached ¥796,751,277.26, a significant increase of 154.5% compared to ¥311,963,969.38 in Q1 2021[31] - Net profit for Q1 2022 was ¥93,669,001.30, representing a 80.4% increase from ¥51,990,675.07 in Q1 2021[35] - Earnings per share for Q1 2022 were ¥0.23, compared to ¥0.13 in Q1 2021, reflecting a 76.9% increase[37] - The company reported a total profit of ¥105,245,080.80 for Q1 2022, compared to ¥56,462,698.30 in Q1 2021, marking a 86.2% increase[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,054,224,616.60, an increase of 4.99% from the end of the previous year[9] - The company's total assets amounted to RMB 6,054,224,616.60, an increase from RMB 5,766,406,983.91 at the end of 2021, representing a growth of approximately 5%[22] - The company's current assets totaled RMB 5,033,172,367.23, compared to RMB 4,790,559,373.95 in the previous year, indicating an increase of about 5%[22] - The company's total liabilities reached RMB 3,105,370,326.36, an increase from RMB 2,941,788,512.77, which is an increase of approximately 5.6%[29] - The total liabilities amounted to CNY 3,098,084,480.39, up from CNY 2,940,556,297.39, reflecting a rise of approximately 5.4%[52] - The total equity attributable to shareholders increased to ¥2,948,854,290.24 in Q1 2022 from ¥2,824,618,471.14 in Q1 2021, reflecting a stronger capital base[31] Cash Flow - Cash flow from operating activities in Q1 2022 was ¥544,590,741.59, an increase from ¥377,518,054.54 in Q1 2021[37] - Operating cash inflow totaled ¥710,484,707.15, an increase from ¥445,179,147.89 year-over-year, reflecting a growth of approximately 59.7%[41] - Cash outflow from investing activities amounted to ¥714,469,004.01, compared to ¥554,153,664.27 in the same period last year, indicating an increase of about 28.9%[41] - The company reported a cash and cash equivalents balance of ¥1,468,129,886.82 at the end of the period, down from ¥1,309,382,535.56 a year earlier[43] - The company reported a cash and cash equivalents balance of CNY 1,423,960,491.67 at the end of Q1 2022, down from CNY 1,684,835,584.65 at the beginning of the period[56] Research and Development - R&D investment totaled ¥36,781,758.29, which is 4.62% of operating revenue, a decrease of 3.48 percentage points compared to the previous year[9] - The company emphasized its commitment to R&D investment, which has been continuously increasing[14] - Research and development expenses for Q1 2022 totaled ¥36,781,758.29, up from ¥25,242,918.26 in Q1 2021, indicating a focus on innovation[31] - Research and development expenses for Q1 2022 were CNY 36,781,758.29, up from CNY 25,242,918.26 in Q1 2021, indicating an increase of approximately 45.7%[52] Profitability Metrics - The weighted average return on equity increased by 1.26 percentage points to 3.25%[9] - The company achieved a gross profit margin of approximately 30.2% in Q1 2022, compared to 39.8% in Q1 2021, indicating a decline in profitability[52]

Financial Performance - The company's operating revenue for 2021 was CNY 2,483,313,053.45, representing a 66.35% increase compared to CNY 1,492,867,989.37 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 235,117,881.75, a decrease of 36.79% from CNY 371,938,769.07 in 2020[27]. - The net cash flow from operating activities increased by 64.77% to CNY 481,661,447.27 in 2021, up from CNY 292,316,221.48 in 2020[27]. - The total assets at the end of 2021 were CNY 5,766,406,983.91, reflecting a 48.78% increase from CNY 3,875,799,623.73 at the end of 2020[27]. - Basic earnings per share for 2021 were CNY 0.58, down 37.63% from CNY 0.93 in 2020[28]. - The company's net profit after deducting non-recurring gains and losses was 16,566.71 million RMB, a decrease of 47.94% year-on-year[111]. - Operating costs increased by 131.28% to 1,831,483.34 million RMB, primarily due to rising material prices and labor costs[112]. - The gross margin for the equipment manufacturing segment decreased by 21.35 percentage points to 25.72%[112]. - The company reported a total revenue of 148 million, an increase from 131.27 million in the previous period, reflecting a growth of approximately 12.7%[86]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.3 RMB per 10 shares, totaling approximately 92.71 million RMB, which accounts for 39.43% of the net profit attributable to shareholders in 2021[8]. - The company does not plan to increase capital reserves or issue bonus shares for the 2021 profit distribution[8]. Research and Development - The company's R&D expenditure as a percentage of operating revenue was 5.29% in 2021, a decrease of 1.65 percentage points from 6.94% in 2020[28]. - R&D expenses increased by 26.75% to 13,127.21 million yuan, with R&D personnel rising to 881, accounting for 25.73% of total staff[39]. - The company obtained 4 invention patents, 33 utility model patents, and 3 design patents during the reporting period[39]. - The company filed for 117 new patents during the reporting period, with 45 granted, bringing the total to 361 applications and 195 granted[62]. - The company is committed to technological innovation, focusing on digital power technology and high-precision charging and discharging techniques[57]. Market Position and Strategy - The company aims to become a leading provider of intelligent lithium battery equipment solutions, aligning with the "Made in China 2025" initiative[39]. - The company continues to implement a dual-market strategy, balancing domestic and international market development[39]. - The company maintains a leading position in the lithium battery production line's post-processing equipment market, continuously exporting to international markets including the USA, Japan, and Germany[56]. - The company is positioned to benefit from the global expansion plans of leading lithium-ion battery manufacturers, leveraging its technological leadership and large-scale production capabilities[97]. Operational Efficiency and Innovations - The company is focused on enhancing its production capacity and efficiency through the construction of advanced automated production lines[42]. - The company has developed a fully automated lithium battery post-processing system to meet market demands for low energy consumption and high efficiency[51]. - The company has implemented a full-line logistics system that includes a manufacturing execution system (MES) to enhance product consistency and quality control throughout the production process[75]. - The company has reduced the initial investment cost for square battery production lines by over 20% and lowered customer operating costs by more than 15%[70]. Risks and Challenges - The company faces risks related to technological and product substitution, particularly from advancements in fuel cell technology that could impact the lithium-ion battery market[99]. - The company faces risks from rising raw material prices, which have increased due to global commodity price hikes and supply shortages, potentially impacting order costs[102]. - The company is exposed to foreign exchange risks, particularly with sales denominated in USD and EUR, which could affect competitiveness and asset valuations if the RMB appreciates[106]. - Sales revenue from the top five customers accounted for over 50% of the company's total revenue, indicating a high customer concentration risk[102]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and operational independence[152]. - The board of directors has set up specialized committees to provide consultation and recommendations for major decisions, enhancing the professionalism and efficiency of board meetings[152]. - The company is committed to continuous improvement in governance practices, ensuring compliance with the corporate governance code and enhancing transparency[152]. - The company has seen significant changes in its board and management personnel, with several key positions being filled or vacated during the reporting period[174]. Employee and Talent Management - The company has a robust internal talent development strategy, focusing on both internal training and attracting high-end talent to enhance its management and technical capabilities[98]. - The company has implemented a flexible compensation system linked to performance, ensuring employee benefits are scientifically and reasonably guaranteed[197]. - The training program includes both internal and external training, aimed at enhancing employee skills and professional development[198][200]. - The company is focused on building a strong internal training team to facilitate employee development[200].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥687,052,686.39, representing a year-over-year increase of 62.43%[6] - The net profit attributable to shareholders for the same period was ¥111,546,453.67, showing a slight increase of 0.74% compared to the previous year[6] - The net profit after deducting non-recurring gains and losses was ¥98,548,284.84, which is an increase of 11.12% year-over-year[9] - Total operating revenue for the first three quarters of 2021 reached ¥1,761,705,358.01, a significant increase from ¥1,030,490,342.27 in the same period of 2020, representing a growth of approximately 71%[35] - Net profit for the first three quarters of 2021 was ¥238,062,822.94, down from ¥307,693,834.55 in the same period of 2020, reflecting a decrease of approximately 22.6%[39] - Basic earnings per share for Q3 2021 was ¥0.28, a decrease of 22.78% compared to the previous year[9] - Basic earnings per share for the first three quarters of 2021 were ¥0.59, compared to ¥0.77 in the same period of 2020, showing a decline of about 23.4%[41] Assets and Liabilities - The total assets of the company at the end of the reporting period amounted to ¥5,355,732,139.82, reflecting a growth of 38.18% compared to the end of the previous year[9] - Total current assets as of September 30, 2021, amounted to CNY 4,490,303,420.23, an increase from CNY 3,198,425,127.57 in the previous year[27] - Total liabilities increased to CNY 2,575,662,772.63 from CNY 1,290,336,245.53, representing a growth of approximately 99%[30] - Total liabilities amounted to ¥2,591,991,979.08, significantly higher than ¥1,308,528,178.26 in the previous year, reflecting an increase of approximately 98%[32] - The company's total equity attributable to shareholders reached ¥2,763,740,160.74, compared to ¥2,567,271,445.47 in the previous year, marking an increase of about 7.6%[32] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥236,351,322.20, which is an increase of 33.80% compared to the same period last year[9] - Cash flow from operating activities for the first three quarters of 2021 was ¥1,303,401,003.30, an increase from ¥961,428,132.85 in the same period of 2020, representing a growth of approximately 35.7%[41] - Operating cash inflow totaled $1,417,080,713.72, an increase from $1,214,248,111.70 year-over-year[45] - Operating cash outflow amounted to $1,180,729,391.52, compared to $1,037,605,128.58 in the previous year[45] - Net cash flow from operating activities was $236,351,322.20, up from $176,642,983.12 year-over-year[47] Research and Development - Research and development expenses totaled ¥34,973,148.63 for the quarter, marking a significant increase of 36.73% year-over-year[9] - Research and development expenses for the first three quarters of 2021 were ¥90,873,610.62, compared to ¥80,740,807.74 in the previous year, indicating an increase of approximately 12.5%[35] Market and Business Strategy - The company attributed the increase in revenue to the rapid development of the lithium battery industry, which has led to a steady growth in sales[16] - The company plans to continue expanding its business in response to the growing demand in the lithium battery sector[16] Shareholder Information - The company has a major shareholder, Cao Ji, who holds 46.59% of the shares, indicating strong insider ownership[23] Other Financial Metrics - The weighted average return on equity for the quarter was 4.12%, down by 0.50 percentage points year-over-year[9] - The company reported a decrease in other comprehensive income after tax, amounting to -¥574,936.61, compared to ¥103,076.22 in the same period of 2020[39] - Deferred income as of the reporting date was ¥16,317,330.83, down from ¥18,174,138.83 in the previous year, indicating a decrease of about 10%[32]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2021, representing a year-on-year increase of 25%[19]. - The company's operating revenue for the first half of the year reached ¥1,074,652,671.62, representing a 76.90% increase compared to ¥607,495,254.02 in the same period last year[26]. - The net profit attributable to shareholders decreased by 35.77% to ¥126,516,369.27 from ¥196,970,141.28 year-on-year, primarily due to changes in sales structure and rising material costs[29]. - The net cash flow from operating activities was ¥149,352,589.84, down 19.87% from ¥186,391,264.04 in the previous year[26]. - The total profit amounted to ¥142,846,909.91, a year-on-year decrease of 37.14%[92]. - The net profit for the same period was 126 million yuan, a decrease of 35.77% compared to the previous year[85]. - The company reported a significant increase in sales expenses due to a rise in contract orders and related installation and transportation costs[95]. Research and Development - The company is investing 200 million CNY in R&D for new technologies related to lithium-ion battery production in 2021[19]. - The company reported a significant increase in research and development expenses, which contributed to the overall growth in operating revenue[29]. - R&D investment totaled ¥55,900,461.99, a 1.34% increase from ¥55,163,048.37 in the previous period[49]. - The ratio of total R&D investment to operating revenue decreased significantly to 5.20% from 9.08%, a decline of 42.71%[49]. - The number of R&D personnel increased to 682, representing 26.91% of the total workforce, with total R&D compensation rising to 4.25 million[75]. - The R&D team has focused on developing a complete standardized communication protocol for the control system, enhancing its application versatility[70]. - The company emphasizes a research and development model focused on customer-driven product design and new product development, ensuring high efficiency and low failure rates[40]. Market Expansion and Strategy - Future outlook includes a projected revenue growth of 30% for the second half of 2021, driven by new product launches and market expansion strategies[19]. - Market expansion efforts include entering two new international markets, aiming for a 10% market share in each by the end of 2022[19]. - The company is focusing on expanding its market presence and enhancing its technological capabilities in the lithium battery equipment sector[34]. - The company is actively pursuing market expansion through the development of customized system solutions tailored to specific customer needs[79]. - The company has established close partnerships with leading battery manufacturers, including Samsung, LG, and CATL, enhancing its market position[81]. Product Development and Innovation - The company plans to launch three new products in Q4 2021, targeting a 15% increase in sales from these new offerings[19]. - The company has developed a fully automated system capable of producing 3 GWh per line, enhancing operational efficiency and reducing costs[44]. - The company has achieved a voltage control accuracy of 0.02% and a current control accuracy of 0.05%, surpassing competitors in the industry[44]. - The integrated charging and discharging equipment has achieved a 10% increase in charging efficiency and an 11% increase in discharging efficiency, while also reducing costs by 10-15% and occupying 20% less space[61]. - The company is actively developing new technologies, including a dual-sided sealing forming machine and a soft-pack battery testing system, to enhance production capabilities[63]. Financial Position and Assets - The company's total assets increased by 20.40% to ¥4,666,554,894.05 from ¥3,875,799,623.73 at the end of the previous year[26]. - The total assets as of June 30, 2021, amounted to approximately ¥4.67 billion, an increase from ¥3.88 billion as of December 31, 2020, representing a growth of about 20.5%[184]. - Current assets totaled approximately ¥3.91 billion, up from ¥3.20 billion, indicating an increase of around 21.9%[184]. - Accounts receivable increased by 49.76% to ¥522,980,587.18, up from ¥349,215,708.15, primarily due to rapid revenue growth[96]. - The company's short-term borrowings and other financial liabilities were not specified, indicating a focus on managing current liabilities effectively[188]. Risks and Challenges - The company has identified potential risks in supply chain disruptions and is implementing measures to mitigate these risks[19]. - The company faces risks related to high customer concentration, with over 60% of revenue coming from the top five clients[90]. - The company is exposed to risks from exchange rate fluctuations, particularly with a portion of sales denominated in USD[90]. - The company anticipates challenges in expanding its customer base among mainstream power lithium battery manufacturers[90]. - The company is at risk of uneven revenue distribution due to the long acceptance cycle for its highly customized products[90]. Corporate Governance and Shareholder Information - The company has maintained a 100% ownership stake in its subsidiaries, ensuring full control over its operations[114]. - The company has committed to a 36-month lock-up period for major shareholders, during which they will not transfer or manage their shares[133]. - Major shareholders are limited to transferring no more than 25% of their shares annually during their tenure and for 12 months post-IPO[135]. - The company has outlined measures to compensate for any dilution of immediate returns to shareholders[139]. - The company has a plan to ensure that shareholders are informed of any changes in shareholding and transfer situations[138].

2021 年第一季度报告 公司代码：688006 公司简称：杭可科技 浙江杭可科技股份有限公司 2021 年第一季度报告 1 / 23 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 / 23 2021 年第一季度报告 2.1 主要财务数据 单位：元 币种：人民币 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 公司负责人曹骥、主管会计工作负责人傅风华及会计机构负责人（会计主管人员）杨招娣保 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 | --- | --- | --- | --- | |-------------------------------------------------|-------------- ...

Financial Performance - The company's operating revenue for 2020 was CNY 1,492,867,989.37, representing a 13.70% increase compared to CNY 1,313,025,766.35 in 2019[27]. - The net profit attributable to shareholders for 2020 was CNY 371,938,769.07, which is a 27.73% increase from CNY 291,187,625.69 in 2019[27]. - The net cash flow from operating activities increased by 115.42% to CNY 292,316,221.48, primarily due to increased customer sales receipts[27]. - The company's total assets at the end of 2020 were CNY 3,875,799,623.73, a 1.26% increase from CNY 3,827,670,362.50 at the end of 2019[29]. - The net assets attributable to shareholders increased by 15.48% to CNY 2,567,271,445.47, driven by the growth in retained earnings and surplus reserves[29]. - Basic earnings per share for 2020 were CNY 0.93, up 20.78% from CNY 0.77 in 2019[29]. - The company's total profit amounted to CNY 425,258,661.34, reflecting a year-on-year growth of 27.31%[155]. - The net profit for the period was ¥372 million, leading to an increase in undistributed profits by 38.03% to ¥895,557,428.07[179]. Dividend Distribution - The company plans to distribute a cash dividend of 2.8 CNY per 10 shares, totaling approximately 112.28 million CNY, which represents 30.19% of the net profit attributable to shareholders for 2020[8]. - The total share capital for the dividend calculation is based on 40.1 million shares, subject to adjustment on the dividend record date[8]. - The company does not plan to increase capital reserves or issue bonus shares for the 2020 profit distribution[8]. - The profit distribution proposal has been approved by the board of directors and requires further approval from the shareholders' meeting[198]. - The company emphasizes compliance with its profit distribution principles and policies, ensuring transparency and protection of minority shareholders' rights[198]. Research and Development - The company's R&D expenditure as a percentage of operating revenue increased to 6.94% in 2020 from 5.67% in 2019[29]. - The company achieved a 39.03% increase in R&D investment, totaling approximately ¥103.57 million, compared to ¥74.50 million in the previous year[110]. - The number of R&D personnel increased from 344 to 587, reflecting a growth of 70.9% year-over-year[82]. - The company filed 47 new invention patents and obtained 50 utility model patents during the reporting period[107]. - The company has established a scientific performance management system linked to a flexible remuneration system for employees[83]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[7]. - The company has confirmed that there are no violations of decision-making procedures regarding external guarantees[12]. - The board of directors and supervisory board members have all attended the board meeting[6]. - The company maintained transparency in information disclosure, adhering to legal requirements to protect the interests of minority investors[45]. - The company’s governance framework effectively operates under the provisions of relevant laws and its articles of association[41]. Operational Risks and Management - The company has detailed various operational risks and corresponding mitigation measures in the report[5]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a commitment to investors[9]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[10]. - The company faces risks related to customer development in the lithium battery sector, particularly if it fails to expand its client base among domestic and international manufacturers[150]. - The company is exposed to foreign exchange risks, particularly due to a portion of its sales being denominated in USD, which could impact its financial performance if the RMB appreciates[150]. Market Position and Product Development - The company focuses on the design, research, production, and sales of various rechargeable batteries, particularly lithium-ion battery post-processing systems, providing comprehensive solutions for well-known manufacturers like Samsung and BYD[89]. - The global lithium battery equipment market is expected to grow rapidly, with an average market size exceeding 30 billion yuan from 2020 to 2023, driven by increased production capacity from major manufacturers[99]. - The company maintains a leading position in the lithium battery production post-processing equipment market, integrating multiple disciplines such as mechanical design and software development[102]. - The company is committed to becoming a leading provider of intelligent lithium battery equipment solutions, aligning with the "Made in China 2025" initiative and Industry 4.0 strategies[143]. Employee and Management Structure - The number of employees in the parent company was 1,816, with a total of 1,819 employees including major subsidiaries[82]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 757.89 million RMB[78]. - The company has seen a significant turnover in its management team, with multiple key positions being filled since 2015, indicating a strategic focus on leadership stability[68]. - The company has implemented a stock incentive plan to retain and motivate key personnel, which is crucial for its long-term growth strategy[69]. Financial Health and Cash Flow - The net cash flow from operating activities was ¥292,316,221.48, reflecting a 115.42% increase compared to the previous year[173]. - Cash and cash equivalents at the end of the period reached ¥1,753,651,669.07, accounting for 45.25% of total assets, an increase of 5.44% from the previous period[177]. - The company's total liabilities included accounts payable of ¥370,459,937.66, which increased by 24.96% due to an increase in company orders[179]. - The capital reserve increased by 5.83% to ¥1,150,225,686.92, attributed to share-based payments included in capital reserves[179]. Future Outlook and Strategic Initiatives - The company aims to enhance its lithium battery post-processing system by focusing on improving cost-effectiveness, safety, and reducing manufacturing costs[195]. - The company plans to establish offices or subsidiaries in project locations to deepen customer relationships and enhance market presence[195]. - The company is committed to increasing R&D investment and technological innovation to maintain its industry-leading position in core technologies[195]. - The company will implement lean, intelligent, and information-based manufacturing to improve production efficiency and capacity utilization[195].

Financial Performance - Operating income for the first nine months was CNY 1,030,490,342.27, representing a year-on-year increase of 3.12%[18] - Net profit attributable to shareholders of the listed company was CNY 307,693,834.55, up 7.83% year-on-year[18] - The company reported a total comprehensive income of ¥110,351,024.57 for Q3 2020, compared to ¥106,717,092.82 in Q3 2019[64] - The total profit for the first three quarters of 2020 was ¥359,244,468.19, compared to ¥331,980,052.74 in the same period of 2019, marking an 8.2% increase[69] - Net profit for Q3 2020 was ¥110,723,693.27, a rise of 4.0% from ¥106,318,321.43 in Q3 2019[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,733,721,066.38, a decrease of 2.45% compared to the end of the previous year[18] - Total liabilities decreased from 1,604,556,106.45 to 1,257,723,979.25, a reduction of approximately 21.6%[47] - Total assets decreased from 3,829,201,011.11 to 3,731,449,798.12, a decline of approximately 2.6%[53] - Current liabilities reached CNY 1,592,417,601.09, including accounts payable of CNY 296,451,950.61 and short-term borrowings of CNY 30,000,000.00[84] - The total amount of other current liabilities is approximately $49.43 million, which includes various short-term obligations[90] Equity and Retained Earnings - Net assets attributable to shareholders of the listed company increased by 11.38% to CNY 2,475,997,087.13 compared to the end of the previous year[18] - Total equity increased from 2,223,114,256.05 to 2,475,997,087.13, reflecting a growth of approximately 11.4%[49] - The company's retained earnings increased from 648,794,023.76 to 868,267,858.31, a growth of about 33.8%[49] - The total equity of the company stands at approximately $2.22 billion, contributing to a total assets and equity of approximately $3.83 billion[90] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 176,642,983.12, a significant increase of 748.77% compared to the same period last year[18] - Total operating cash inflow for the first three quarters of 2020 was ¥1,214,248,111.70, up from ¥931,893,928.40 in the same period of 2019, representing a 30.4% increase[72] - Cash received from sales of goods and services increased by 295.74 million RMB, a rise of 44.43%, primarily due to increased collections of receivables[35] - Cash inflow from investment activities totaled ¥886.72 million, a substantial increase from ¥226.48 million in the same period last year, marking a growth of approximately 292%[76] Research and Development - Research and development expenses accounted for 7.84% of operating income, an increase of 47.37% compared to the previous year[21] - Research and development expenses grew by 27.55 million RMB, an increase of 51.79%, due to increased investment in R&D during the reporting period[34] - R&D expenses in Q3 2020 amounted to ¥25,577,759.37, increasing by 41.5% from ¥18,076,721.11 in Q3 2019[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,304, with the largest shareholder holding 46.79% of the shares[27] - Basic earnings per share remained at CNY 0.77, while diluted earnings per share decreased slightly to CNY 0.76[21] Government Subsidies - The company reported government subsidies of CNY 48,327,068.66 for the first nine months, contributing positively to the financial results[21]

Financial Performance - The company reported a total revenue of 100 million CNY for the first half of 2020, representing a year-on-year increase of 20%[19] - The net profit attributable to shareholders was 15 million CNY, up 25% compared to the same period last year[19] - Operating revenue for the first half of the year was CNY 607,495,254.02, a decrease of 3.53% compared to the same period last year[28] - Net profit attributable to shareholders was CNY 196,970,141.28, an increase of 10.02% year-on-year[28] - Total operating revenue for the first half of 2020 was ¥607,495,254.02, a decrease of 3.8% compared to ¥629,696,069.40 in the same period of 2019[173] - Total profit reached ¥227,243,552.12, an increase of 9.24% year-on-year[90] - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[119] Research and Development - The company has allocated 10 million CNY for research and development in the upcoming year, focusing on innovative technologies[19] - R&D expenditure as a percentage of operating revenue increased by 3.50 percentage points to 9.08%[28] - The company's R&D investment totaled ¥55,163,048.37, accounting for 9.08% of its operating revenue[57] - Research and development expenses rose to ¥55,163,048.37, an increase of 56.9% compared to ¥35,115,895.12 in the same period last year[177] - The number of R&D personnel was 445, representing 27.18% of the total workforce[74] - The company emphasizes the importance of R&D collaboration among various departments to improve product reliability and reduce failure rates[40] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2021[19] - The management provided a performance guidance of 120 million CNY in revenue for the second half of 2020, indicating a growth target of 20%[19] - The company is focusing on expanding its customer base, including partnerships with leading domestic battery manufacturers[83] - The company plans to expand its market presence by entering three new regions by the end of the fiscal year, aiming for a 15% increase in market share[120] Product Development and Innovation - New product development includes a next-generation battery technology expected to launch in Q4 2020, projected to increase efficiency by 40%[19] - The company has established a battery cell factory in Zhenjiang, China, and plans to build additional production bases in Germany and the United States to support global electrification strategies[43] - The company has developed a centralized management technology for battery production data, providing fully automated services for its processing systems, which is a competitive advantage over domestic peers[44] - The new high-precision control and detection system can manage up to 400 cells, increasing the management capacity by 12.5 times and improving detection speed by 12 times[53] Financial Position and Assets - Total assets at the end of the reporting period were CNY 3,769,773,017.39, a decrease of 1.51% from the end of the previous year[28] - The company's total assets amounted to approximately ¥3.77 billion, a decrease from ¥3.83 billion at the end of 2019, reflecting a decline of about 1.5%[166] - The company's equity attributable to shareholders increased to approximately ¥2.34 billion from ¥2.22 billion, reflecting a growth of about 5.4%[167] - The total current liabilities decreased to approximately ¥1.42 billion from ¥1.59 billion, a reduction of about 10.9%[167] Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[19] - The company faces risks from high customer concentration, with major clients including Samsung, LG, and Sony, which could impact revenue if any client experiences financial difficulties[4] - The company’s sales revenue is partially dependent on foreign sales, exposing it to risks from currency fluctuations, particularly if the RMB appreciates[6] Shareholder and Governance - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[108] - There are commitments from major shareholders to not transfer or manage their shares for 12 months post-IPO, ensuring stability in shareholding[111] - The company remains committed to fulfilling its shareholder commitments and maintaining compliance with regulatory requirements[111] Cash Flow and Financial Management - Net cash flow from operating activities increased by 946.53% to CNY 186,391,264.04, primarily due to increased customer sales receipts[29] - The company reported a significant decrease in notes receivable, dropping to approximately ¥38.42 million from ¥146.42 million, a decline of about 73.8%[162] - The company’s cash flow from operating activities was positively impacted by an increase in sales revenue, which reached 467,327,402.88 RMB, compared to 419,094,038.00 RMB in the previous year[193]