证券代码：688390 证券简称：固德威 公告编号：2023-041 固德威技术股份有限公司 首次公开发行部分限售股上市流通公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2020 年 8 月 4 日出具的《关于同意江苏固德威电源科技股份有限公司首次公开发行股票注册 的批复》（证监许可〔2020〕1656 号），同意公司首次公开发行股票的注册申 请。公司首次向社会公众公开发行人民币普通股（A 股）股票 22,000,000 股，并 于 2020 年 9 月 4 日在上海证券交易所科创板上市，发行完成后总股本为 88,000,000 股，其中有限售条件流通股 67,961,140 股，无限售条件流通股 20,038,860 股。 本次上市流通的限售股为公司首次公开发行部分限售股，限售股股东数量为 2 名，锁定期为自公司股票上市之日起 36 个月，该部分限售股股东对应的股份 数量为 59,446,800 股，占公司股本总数的 34.38%。本次解除限 ...

中国国际金融股份有限公司关于 固德威技术股份有限公司 首次公开发行部分限售股上市流通的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为 固德威技术股份有限公司（以下简称"固德威"或"公司"）的持续督导机构。 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 《科创板上市公司持续监管办法（试行）》等有关规定，对公司首次公开发行限 售股上市流通的事项进行了核查，发表核查意见如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2020 年 8 月 4 日出具的《关于同意江苏固德威电源科技股份有限公司首次公开发行股票注册的 批复》（证监许可〔2020〕1656 号），同意公司首次公开发行股票的注册申请。 公司首次向社会公众公开发行人民币普通股（A 股）股票 22,000,000 股，并于 2020 年 9 月 4 日在上海证券交易所科创板上市，发行完成后总股本为 88,000,000 股，其中有限售条件流通股 67,961,140 股，无限售条件流通股 20,038,860 股。 本次上市流通的限售股为公司首次公开发行部分限 ...

北京市天元律师事务所 关于固德威技术股份有限公司 2023 年第三次临时股东大会的法律意见 京天股字（2023）第 447 号 致：固德威技术股份有限公司 固德威技术股份有限公司（以下简称"公司"）2023 年第三次临时股东大会（以 下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会议于 2023 年 8 月 15 日在固德威技术股份有限公司一楼会议室召开。北京市天元律师事务所 （以下简称"本所"）接受公司聘任，指派本所律师参加本次股东大会现场会议，并 根据《中华人民共和国公司法》、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司股东大会规则》（以下简称"《股东大会规则》"）以及《固德 威技术股份有限公司章程》（以下简称"《公司章程》"）等有关规定，就本次股东 大会的召集、召开程序、出席现场会议人员的资格、召集人资格、会议表决程序及 表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《固德威技术股份有限公司第三届董事会 第十四次会议决议公告》《固德威技术股份有限公司独立董事关于第三届董事会第 十四次会议相关事项的独立意见》《固德威技术股份有限公司独立董事关于第三届 ...

一、 会议召开和出席情况 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： 证券代码：688390 证券简称：固德威 公告编号：2023-040 固德威技术股份有限公司 2023 年第三次临时股东大会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 | 1、出席会议的股东和代理人人数 | 20 | | --- | --- | | 普通股股东人数 | 20 | | 2、出席会议的股东所持有的表决权数量 | 73,405,609 | | 普通股股东所持有表决权数量 | 73,405,609 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 42.4585 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 42.4585 | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长黄敏先生主持，会议采用现场投票 和网络投票相 ...

Financial Performance - The company achieved a total operating revenue of CNY 471,023.65 million in 2022, representing a year-on-year growth of 75.88%[97]. - The net profit attributable to shareholders reached CNY 64,928.82 million, an increase of 132.27% compared to the previous year[97]. - Total assets at the end of the reporting period amounted to CNY 579,874.63 million, up 56.10% from the previous year[97]. - The company's main business revenue from photovoltaic products was CNY 468,983.34 million, a 76.22% increase year-on-year[100]. - The gross profit margin for the photovoltaic sector increased by 0.66 percentage points to 32.32%[101]. - Foreign income accounted for 79.58% of total revenue in 2022, with significant contributions from photovoltaic inverters and energy storage batteries[94]. - The company reported a foreign exchange gain of CNY 95.11 million, indicating exposure to currency fluctuations[94]. - The company's total revenue for the year increased significantly, with a growth of 85.87% in distribution sales and 48.47% in direct sales compared to the previous year[102]. - Revenue from photovoltaic energy storage inverters and storage batteries grew by 307.95% and 732.37% respectively, while overseas revenue increased by 120.03%[102]. Dividend and Share Capital - The company plans to distribute a cash dividend of 16 RMB per 10 shares, totaling 197,120,000 RMB, which accounts for 30.36% of the net profit attributable to shareholders for 2022[4]. - The company intends to increase its total share capital by 49.28 million shares through a capital reserve transfer, raising the total share capital to 172.48 million shares[182]. Research and Development - The company invested a total of ¥347,822,537.83 in R&D during the reporting period, representing an increase of 84.56% compared to the previous year[70]. - Research and development expenses accounted for 7.38% of operating revenue in 2022, up from 7.04% in 2021[20]. - The R&D personnel increased by 40.16% to 862, contributing to the substantial rise in R&D expenses due to higher personnel costs[71]. - The company has established a comprehensive R&D system over more than a decade in the photovoltaic power supply equipment sector, focusing on continuous technological innovation[66]. - The company is actively expanding its product offerings in the energy internet direction, integrating power generation monitoring and energy management technologies[66]. Market Expansion and Strategy - GoodWe anticipates continued growth in 2023, projecting a revenue increase of 20% to 1.44 billion RMB, driven by rising demand for solar energy solutions[13]. - The company is actively investing in R&D for new inverter technologies, aiming to enhance conversion efficiency to over 98% in its next product line[13]. - The company is expanding its market presence in Europe and North America, with plans to open three new offices in 2023 to support local operations[13]. - The company aims to continuously innovate in renewable energy conversion technology and expand its product series of photovoltaic grid-connected inverters to meet diverse local demands[139]. - The company plans to deepen its focus on energy storage technology, developing products tailored to different countries' needs and promoting applications in various scenarios[140]. Corporate Governance - The company has received a standard unqualified audit report from Zhongxin Tiantong Accounting Firm[3]. - The company has confirmed that all board members are able to ensure the authenticity, accuracy, and completeness of the annual report[6]. - The company has continuously improved its governance structure and internal control systems, enhancing operational standards and protecting shareholder rights[148]. - The company strictly adhered to information disclosure regulations, ensuring timely and accurate communication with investors through various channels[148]. - The company held multiple shareholder meetings in 2022, with all proposed resolutions being approved without any rejections[150]. Employee and Talent Management - The total number of employees in the company and its main subsidiaries is 3,330, with 1,926 in the parent company and 1,404 in subsidiaries[174]. - The company emphasizes employee training and development, organizing various training programs to enhance skills and support strategic goals[177]. - The company has implemented a stock incentive plan for 2022, with 389,500 restricted stocks allocated to 85 individuals, representing 0.32% of the total stock[186]. - The company has a structured approach to compensation, with basic and performance-based salaries for its executives[163]. Environmental and Social Responsibility - The company has invested RMB 383,600 in environmental protection during the reporting period[196]. - The company actively promotes ESG management, emphasizing environmental protection and social responsibility in its operations[196]. - The company has established effective internal control systems for safety production and environmental protection, including various management procedures[198]. - The company has taken measures to reduce energy and resource consumption through energy-saving products, process improvements, and equipment upgrades[199]. Risks and Challenges - The company faces risks related to international trade policies, including potential anti-dumping and countervailing investigations in key markets such as the EU and the US[89]. - The company may face challenges if government subsidies for photovoltaic power generation are reduced, impacting overall installed capacity and market competition[92]. - The company is exposed to risks from fluctuations in raw material prices, particularly IGBT components and integrated circuits, which are currently in high demand due to the growth of 5G and electric vehicles[91].

Financial Performance - The company's revenue for Q1 2023 reached ¥1,719,259,184.63, representing a year-on-year increase of 164.59%[4] - Net profit attributable to shareholders was ¥336,407,103.33, showing a significant increase of 3,473.72% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥333,113,599.00, up 6,269.19% year-on-year[4] - Basic earnings per share were ¥2.73, reflecting an increase of 3,312.50% compared to the previous year[4] - Total operating revenue for Q1 2023 reached ¥1,719,259,184.63, a significant increase from ¥649,783,898.18 in Q1 2022, representing a growth of approximately 164%[18] - Net profit attributable to shareholders of the parent company for Q1 2023 was ¥336,407,103.33, compared to ¥9,413,357.48 in Q1 2022, indicating a substantial increase[20] - The company reported a comprehensive income total of ¥332,107,308.08 for Q1 2023, significantly higher than ¥7,506,903.99 in Q1 2022[21] - Basic earnings per share for Q1 2023 were ¥2.73, compared to ¥0.08 in Q1 2022, showing a significant improvement[21] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥6,431,212,585.99, a 10.91% increase from the end of the previous year[5] - As of March 31, 2023, the total current assets amounted to RMB 4,774,204,391.86, an increase from RMB 4,249,634,980.75 as of December 31, 2022, reflecting a growth of approximately 12.3%[14] - Total liabilities reached RMB 3,771,042,035.91, compared to RMB 3,517,625,527.67 at the end of 2022, marking an increase of about 7.2%[16] - The total assets and shareholders' equity as of March 31, 2023, amounted to ¥6,431,212,585.99 and ¥2,660,170,550.08 respectively, up from ¥5,798,746,253.67 and ¥2,281,120,726.00 as of December 31, 2022[17] - The company's total liabilities as of March 31, 2023, were ¥3,771,042,035.91, an increase from ¥3,517,626,527.67 as of December 31, 2022[17] Cash Flow - The company reported a net cash flow from operating activities of ¥107,478,995.84, attributed to increased sales collections during the reporting period[9] - In Q1 2023, the net cash flow from operating activities was $107.48 million, a significant improvement from a net outflow of $178.97 million in Q1 2022[23] - Cash flow from operating activities for Q1 2023 was ¥1,544,771,880.10, compared to ¥782,589,949.67 in Q1 2022, indicating a growth of about 97%[22] - The company reported a decrease in cash paid for operating activities, which was $84.49 million compared to $120.06 million in the same quarter last year[23] - The cash flow from operating activities showed a total outflow of $1.44 billion, compared to $961.56 million in Q1 2022[23] Research and Development - R&D investment totaled ¥98,362,938.71, which accounted for 5.72% of revenue, a decrease of 4.74 percentage points year-on-year[4] - Research and development expenses for Q1 2023 were ¥98,362,938.71, compared to ¥67,949,446.30 in Q1 2022, reflecting an increase of approximately 45%[18] Inventory and Receivables - Accounts receivable increased to RMB 847,011,361.39 from RMB 639,096,972.79, representing a growth of about 32.5% year-over-year[15] - Inventory as of March 31, 2023, was RMB 1,852,167,275.48, up from RMB 1,578,660,803.51, indicating an increase of approximately 17.2%[15] Financial Management - The financial expenses for Q1 2023 were reported at -¥3,303,645.31, a decrease from ¥9,564,758.70 in Q1 2022, indicating improved financial management[20] - The impact of exchange rate changes on cash and cash equivalents was a positive $4.08 million, contrasting with a negative impact of $5.05 million in the previous year[23]

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： 投资者可于 2023 年 04 月 25 日(星期二)至 05 月 04 日(星期四)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@goodwe.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 固德威技术股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布 公司 2022 年度报告暨 2023 年第一季度报告，为便于广大投资者更全面深入地了 解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 05 月 05 日上午 10:00-11:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投 资者关心的问题进行交流。 一、说明会类型 证券代码：688390 证券简称：固德威 公告编号：2023-017 固德威技术股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的 公告 四、投资者参加方式 （一）投资者可在 20 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥1,463,217,172.31, representing a year-over-year increase of 131.65%[3] - Net profit attributable to shareholders for Q3 2022 was ¥220,525,978.50, reflecting a significant increase of 255.41% compared to the same period last year[3] - The basic earnings per share for Q3 2022 was ¥1.79, up by 255.42% year-over-year[4] - Total operating revenue for the first three quarters of 2022 reached ¥2,915,622,242.03, a significant increase of 69.5% compared to ¥1,718,711,968.38 in the same period of 2021[16] - Net profit for the first three quarters of 2022 was ¥266,207,081.71, up 25.0% from ¥212,885,211.22 in the first three quarters of 2021[17] - Basic earnings per share for the first three quarters of 2022 were ¥2.23, compared to ¥1.75 in the same period of 2021, marking a 27.4% increase[18] - The company reported a total operating profit of ¥272,537,219.14 for the first three quarters of 2022, up from ¥241,011,653.50 in the same period of 2021, reflecting a growth of 13.0%[17] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥4,882,359,633.37, an increase of 31.43% compared to the end of the previous year[4] - The company's total assets amounted to ¥4,882,359,633.37 as of September 30, 2022, compared to ¥3,714,703,328.03 at the end of 2021, reflecting a growth of 31.5%[15] - The company's total liabilities were approximately RMB 2.99 billion, compared to RMB 2.04 billion in the previous year, marking an increase of 46.9%[14] - The company's equity increased to approximately RMB 1.89 billion from RMB 1.68 billion, showing a growth of 12.4%[14] - The total equity attributable to shareholders increased to ¥1,863,603,014.24 as of September 30, 2022, from ¥1,655,924,629.28 at the end of 2021, representing a growth of 12.5%[15] Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥365,290,375.33, a substantial increase of 423.49% compared to the previous year[3] - In the first three quarters of 2022, the cash inflow from operating activities reached ¥3,394,701,989.83, a significant increase from ¥1,501,144,594.01 in the same period of 2021, representing a growth of approximately 126.5%[19] - The net cash flow from operating activities for the first three quarters of 2022 was ¥365,290,375.33, compared to ¥69,780,193.09 in 2021, indicating a substantial increase of about 423.5%[19] - The total cash outflow from investing activities in the first three quarters of 2022 was ¥692,681,493.99, down from ¥1,132,431,232.97 in 2021, reflecting a decrease of approximately 38.9%[20] - The net cash flow from investing activities for the first three quarters of 2022 was -¥293,812,010.96, contrasting with a positive cash flow of ¥275,394,479.76 in the same period of 2021[20] - Cash inflow from financing activities totaled ¥44,050,000.00 in the first three quarters of 2022, compared to ¥1,600,000.00 in 2021, marking a significant increase[20] - The net cash flow from financing activities was -¥101,307,193.69 in 2022, slightly improved from -¥108,880,749.00 in 2021[20] Research and Development - Research and development expenses totaled ¥96,467,937.12 for Q3 2022, accounting for 6.59% of revenue, a decrease of 1.46 percentage points from the previous year[4] - Research and development expenses for the first three quarters of 2022 were ¥249,347,878.22, nearly doubling from ¥119,438,976.67 in the same period of 2021, indicating a focus on innovation[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,027[7] - The top shareholder, Huang Min, holds 30.97% of the shares, totaling 38,150,000 shares[7] Inventory and Receivables - Inventory levels reached approximately RMB 1.55 billion, significantly higher than RMB 854.97 million at the end of 2021, reflecting an increase of 81.1%[13] - The accounts receivable rose to approximately RMB 514.61 million, compared to RMB 310.26 million in the previous year, an increase of 65.8%[12] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 12.63%, an increase of 8.60 percentage points year-over-year[4] - The company reported a significant increase in contract liabilities, which reached approximately RMB 265.77 million, up from RMB 103.89 million, representing a growth of 155.5%[14] - The company’s long-term equity investments decreased to approximately RMB 38.64 million from RMB 43.56 million, a decline of 11.0%[13] - The company’s fixed assets increased to approximately RMB 799.65 million, up from RMB 402.65 million, reflecting a growth of 98.5%[13] - The cash and cash equivalents stood at approximately RMB 1.11 billion, down from RMB 1.23 billion, a decrease of 9.7%[12] - The cash received from tax refunds was ¥268,904,441.13 in 2022, up from ¥136,187,583.95 in 2021, representing an increase of about 97.4%[19] - The total cash outflow for operating activities was ¥3,029,411,614.50 in 2022, compared to ¥1,431,364,400.92 in 2021, reflecting an increase of approximately 111.5%[19]

Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2022, representing a year-on-year increase of 25%[1]. - The gross profit margin for the first half of 2022 was 30%, compared to 28% in the same period last year[1]. - The company's revenue for the first half of 2022 was CNY 1,452,405,069.72, representing a 33.61% increase compared to CNY 1,087,071,454.87 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was CNY 54,620,046.07, a decrease of 64.32% from CNY 153,078,727.01 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 47,883,264.81, down 66.52% from CNY 143,000,703.12 year-on-year[17]. - The company's revenue for the reporting period (January to June) increased by 33.61% year-on-year, primarily due to growth in the photovoltaic industry, with inverter and battery sales rising compared to the same period last year[18]. - Net profit attributable to shareholders decreased by 64.32% year-on-year, while net profit excluding non-recurring gains and losses fell by 66.52%, mainly due to increased operational expenses from expanding the workforce and establishing new business divisions[18]. - Basic and diluted earnings per share decreased by 64.52%, while the basic earnings per share excluding non-recurring gains and losses fell by 66.38%, primarily due to a significant drop in net profit attributable to shareholders[18]. - The company achieved operating revenue of 145,240.51 million yuan in the first half of 2022, a year-on-year increase of 33.61%[47]. - The net profit attributable to shareholders was 5,462.00 million yuan, a decrease of 64.32% compared to the same period last year[47]. Market Expansion and Strategy - User data indicates that the company has reached 1 million active users, a growth of 40% year-on-year[1]. - The company plans to expand its market presence in Europe and North America, targeting a 15% increase in market share by the end of 2023[1]. - The company is actively expanding its market presence, with products sold in multiple countries including Germany, Italy, Australia, and India[48]. - The company is focusing on the development of BIPV (Building-Integrated Photovoltaics) and distributed household photovoltaic systems, which align with green building initiatives[46]. - The company aims to enhance its core technologies in energy conversion, power electronics, and energy management, focusing on customer needs for new product development[22]. - The company is committed to developing smart energy solutions and has established new divisions for smart energy and photovoltaic building materials, although these divisions have not yet generated revenue[18]. Research and Development - The company is investing RMB 200 million in R&D for new inverter technologies aimed at improving efficiency by 10%[1]. - Research and development expenses accounted for 10.53% of operating revenue, an increase of 4.22 percentage points compared to the same period last year[18]. - The company achieved a significant increase in R&D investment, totaling CNY 152.88 million, a 122.94% increase compared to the previous year[28]. - The company holds a total of 181 authorized intellectual property rights, including 53 invention patents, 87 utility model patents, and 19 design patents[26]. - The company is developing several projects, including a new generation of high-power grid-connected photovoltaic inverters with an expected total investment of CNY 2.93 billion[30]. - The company has established a robust R&D system over more than ten years in the renewable energy power supply equipment sector, focusing on continuous innovation[24]. Financial Position and Assets - The total assets at the end of the reporting period were CNY 4,252,336,144.70, an increase of 14.47% from CNY 3,714,703,328.03 at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,629,560,189.08, a decrease of 1.59% from CNY 1,655,924,629.28 at the end of the previous year[17]. - The company's cash and cash equivalents decreased by 33.72% to ¥816,141,618.83, down from ¥1,231,274,302.49 at the end of the previous year[67]. - Inventory levels increased by 85.99% to ¥1,590,188,946.57, compared to ¥854,972,355.90 in the previous year, primarily due to increased semiconductor and component stock[67]. - The company's total liabilities amounted to CNY 2,601,994,225.94, reflecting an increase of 27.5% from CNY 2,036,917,079.36 at the beginning of the period[140]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes that could impact operations[1]. - The company faces risks from increasing competition in the photovoltaic inverter market, with major competitors holding a market share of 40%-50%[54]. - The company is exposed to risks related to raw material price fluctuations, particularly in semiconductor components like IGBT devices[55]. - The company faces risks related to policy changes affecting subsidies and support for the photovoltaic industry, which could impact overall installed capacity and market competition[57]. - The gross profit margin is at risk of decline due to rising costs of key raw materials and potential changes in industry competition[60]. Corporate Governance and Shareholder Matters - The company held four shareholder meetings in 2022, all of which passed the proposed resolutions without any objections[79]. - The company has implemented a stock incentive plan, with details disclosed in a temporary announcement[83]. - The company has committed to not transferring or managing shares for 36 months post-IPO, with specific conditions for share price performance affecting lock-up periods[91]. - The controlling shareholder has committed to avoiding any competition with the company's products and business, effective from December 18, 2019, and is being strictly adhered to[101]. - The company has established measures to ensure fair pricing in related party transactions, adhering to market standards[103]. Environmental and Social Responsibility - The company is not classified as a high-pollution, high-energy consumption, or high-emission industry and actively implements national industrial policies to promote circular economy and environmental protection[86]. - The company has established strict environmental management systems in compliance with relevant laws and regulations, ensuring safe and standardized handling of hazardous waste generated during production[88]. - The company emphasizes training employees on environmental protection and energy conservation measures[86]. - The company has committed to not reducing its shareholdings below the issuance price and will comply with relevant laws and regulations regarding share reduction[94].

Financial Performance - The company's operating revenue for 2021 was approximately CNY 2.68 billion, representing a 68.53% increase compared to CNY 1.59 billion in 2020[19]. - The net profit attributable to shareholders for 2021 was approximately CNY 279.54 million, a 7.40% increase from CNY 260.29 million in 2020[19]. - The net profit after deducting non-recurring gains and losses was approximately CNY 244.74 million, reflecting a 1.69% increase from CNY 240.67 million in 2020[19]. - The net cash flow from operating activities for 2021 was approximately CNY 296.06 million, a decrease of 32.68% compared to CNY 439.76 million in 2020[19]. - The total assets at the end of 2021 were approximately CNY 3.71 billion, a 45.12% increase from CNY 2.56 billion at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were approximately CNY 1.66 billion, a 13.68% increase from CNY 1.46 billion at the end of 2020[19]. - Basic earnings per share decreased by 12.64% to CNY 3.18, while diluted earnings per share fell by 12.91% to CNY 3.17[20]. - The company's financial status is strong, with equity attributable to shareholders increasing by 13.68% to CNY 1,655.92 million[28]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a year-over-year growth of 25%[172]. Dividend Policy - The company plans to distribute a cash dividend of RMB 12 per 10 shares, totaling RMB 105.6 million, which accounts for 37.78% of the net profit attributable to shareholders for 2021[4]. - The company does not plan to increase capital through capital reserves or issue bonus shares[4]. Risk Management - The company has detailed potential risks in its annual report, specifically in the section on "Risk Factors"[3]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company is exposed to risks from potential changes in government subsidies for photovoltaic power generation, which could impact overall installed capacity and market competition[92]. - The company faced risks related to international trade, particularly in the U.S. market, which is the second-largest photovoltaic market globally[89]. - The ongoing COVID-19 pandemic may still pose risks to the company's operations and market demand in the future[96]. Governance and Compliance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[3]. - The company emphasizes that forward-looking statements in the report are based on current information and do not constitute a commitment to investors[5]. - The company has established a robust governance structure and internal control systems, enhancing operational compliance and protecting shareholder rights[158]. - The company strictly adheres to information disclosure regulations, ensuring accurate and timely communication with investors[159]. - There are no significant differences between the company's governance practices and the requirements set by relevant laws and regulations[160]. - The company held multiple shareholder meetings in 2021, with all proposed resolutions passing without any objections[163]. Research and Development - The company is focused on developing new technologies and products in the energy sector, including energy storage inverters and smart energy management systems[18]. - The company's R&D investment totaled approximately 188.47 million yuan in 2021, representing a significant increase of 104.85% compared to the previous year[69]. - Research and development expenses accounted for 7.04% of operating revenue, an increase of 1.25 percentage points from the previous year[20]. - The number of R&D personnel increased by 119.64% to 615, contributing to the substantial rise in R&D expenses[70]. - The company has developed seamless switching technology between grid-connected and off-grid modes, achieving a switching time in milliseconds[65]. - The company is focusing on innovative technologies in energy management and smart microgrids, aligning with industry trends and customer needs[78]. Market Strategy - The company aims to expand its market presence and enhance its product offerings in response to increasing demand for renewable energy solutions[18]. - The company has established a comprehensive marketing system both domestically and internationally, with subsidiaries in key markets such as Hong Kong, Germany, the UK, Australia, the Netherlands, South Korea, Japan, and the USA to enhance market development and service capabilities[52]. - The company is actively responding to national carbon neutrality goals, contributing to the development of renewable energy, particularly solar energy, which is recognized as the fastest-growing renewable energy source[57]. - The company has established stable business channels in mainstream markets across Europe, Australia, Asia, South America, and Africa, enhancing its international presence[52]. Product Development - The company has launched new products including the GW50K-BTC three-phase AC coupling inverter and the GW50K-ETC three-phase solar storage inverter[30]. - The company has developed a series of photovoltaic inverters with power ratings from 0.7kW to 250kW, catering to various applications including residential and commercial rooftops[39]. - The company is focusing on BIPV (Building-Integrated Photovoltaics) and distributed household photovoltaic systems, aligning with green building development concepts[27]. - The company’s photovoltaic storage inverters are designed to improve grid quality and increase grid utilization, addressing the intermittency of solar power generation[38]. Supply Chain and Procurement - The company employs a "sales-driven production + reasonable inventory" management model to optimize production efficiency[51]. - The company utilizes a demand-based procurement model to optimize inventory and reduce costs, ensuring high-quality supplier relationships[50]. - The procurement amount for semiconductor devices and integrated circuit materials was CNY 436.18 million, representing 20.96% of total raw material procurement[90]. - The unit procurement costs for key raw materials increased by 3.11%, 14.28%, 20.19%, and 19.28% year-on-year, indicating rising cost pressures[93]. Employee Management - The total number of employees in the parent company and major subsidiaries is 2,223, with 928 in production, 256 in sales, and 615 in technical roles[190]. - The company emphasizes employee training and development, aligning with its strategic goals to enhance overall employee competencies[192]. - The company has implemented a stock incentive plan to enhance employee motivation and retention, approved by the shareholders' meeting on April 16, 2021[84]. International Expansion - The company has shipped products to multiple countries including Germany, Italy, Australia, and the USA, establishing a strong competitive position in the smart energy solutions market[60]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan earmarked for potential deals[172]. - The company plans to enter three new international markets, aiming for a 10% increase in global market share[172].