Financial Performance - The basic earnings per share for the first half of 2022 was -0.09 RMB, a decrease of 142.86% compared to 0.21 RMB in the same period last year[19]. - The diluted earnings per share for the first half of 2022 was also -0.09 RMB, reflecting the same percentage decrease of 142.86%[19]. - The net profit attributable to shareholders of the listed company decreased by 158.35%, primarily due to seasonal characteristics of the power industry and significant impacts from the pandemic[19]. - The weighted average return on net assets was -1.67%, a decrease of 6.51 percentage points from 4.84% in the same period last year[19]. - The net profit after deducting non-recurring gains and losses was -0.13 RMB per share, a decrease of 161.90% from 0.21 RMB in the previous year[19]. - The company's operating revenue for the first half of the year was CNY 132.12 million, a decrease of 12.12% compared to the same period last year[20]. - The net profit attributable to shareholders was CNY -9.71 million, representing a decline of 158.35% year-on-year[20]. - The company's gross profit margin decreased to 36.37%, down by 9.92 percentage points from the previous year[75]. - The company reported a total revenue of 170.85 million RMB, with a net profit of 19.64 million RMB for the current period[56]. - The net profit for the period was a loss of CNY 9.71 million, indicating financial challenges[78]. Research and Development - The company's research and development expenditure accounted for 14.86% of operating revenue, an increase of 4.66 percentage points compared to 10.20% in the previous year[19]. - R&D investment totaled ¥19,635,267.43, representing a 28.01% increase compared to ¥15,338,904.65 in the previous year[48]. - R&D expenses accounted for 14.86% of total revenue, up from 10.20% in the previous year, marking a 4.66% increase[48]. - The company has established a research and development system divided into two main sectors: smart grid fault monitoring and automation, and switch reluctance motor drive systems, with 15 research institutes under three divisions[34]. - The company’s R&D personnel count has increased, contributing to the rise in R&D investment[49]. - The company holds a total of 64 valid patents, including 45 invention patents, and has added 3 new patents during the reporting period[46]. - The company is actively developing new technologies such as real-time operating systems for distribution networks and automatic topology configuration for enhanced fault monitoring[39]. Market Challenges - The company faced significant challenges in market activities, production, and supply due to pandemic restrictions, leading to lower revenue in the first half of 2022[19]. - The comprehensive gross margin decreased significantly due to rising raw material prices[19]. - The company faces risks related to raw material price fluctuations, with raw material costs accounting for 88.25% of the main business costs, which could impact profitability if prices rise[69]. - The company is exposed to market volatility risks due to the cyclical nature of procurement from major clients[72]. Product Development and Innovation - The company operates in the electrical machinery and equipment manufacturing industry, focusing on smart grid fault monitoring and automation, as well as switched reluctance motor drive systems[24]. - The company has successfully developed a new generation of smart grid fault monitoring and automation products, including the T-907 automatic cable fault locator and T-2000 automatic testing vehicle, enhancing safety and reliability[29]. - The company’s smart grid products are designed for online monitoring, early warning, and fault location in ultra-high voltage transmission networks, enhancing the self-healing capability of the distribution network[32]. - The company has developed a user-side smart power supply system to effectively manage distributed energy resources in new park power grids[43]. - The company has completed the development and production of low-speed, high-torque switched reluctance motors for direct-drive applications, enhancing technology in the forging machinery sector[66]. Financial Stability and Investments - The company's total assets decreased by 3.85% to CNY 742.92 million compared to the end of the previous year[20]. - The net assets attributable to shareholders decreased by 3.79% to CNY 562.84 million compared to the end of the previous year[20]. - The overall financial condition remains stable, with total assets of 742.92 million yuan and a debt-to-asset ratio of 24.24%[63]. - The company reported a significant cash outflow from financing activities of CNY 133.04 million, a decrease of 107.32% compared to the previous year[80]. - The company has invested a total of $6,592,555.65 in the transmission line fault wave distance measurement system, with a projected total investment of $8,000,000.00, achieving a prototype stage[52]. Shareholder and Governance - The company has committed to a share lock-up period of 36 months for major shareholders and related parties since the IPO date[108]. - The company will not transfer or manage shares held prior to the IPO during the lock-up period, ensuring stability in shareholding[109]. - The company has established a 12-month lock-up for directors, supervisors, and senior management, ensuring alignment with shareholder interests[111]. - The company will ensure compliance with relevant regulations regarding shareholding and transfer restrictions as mandated by regulatory authorities[110]. - The company has a clear plan to manage shareholding changes in accordance with legal and regulatory requirements, ensuring transparency[111]. Environmental Commitment - The company is committed to environmental protection and has implemented measures to align with national carbon neutrality goals[105]. - The company produced a total of 3.7 tons of hazardous waste during the reporting period, managing it according to relevant regulations[102]. - The company upgraded its waste gas treatment facilities in June 2022 to reduce volatile organic compound emissions[104]. - The company established an online monitoring system for VOCs in April 2022 to ensure compliance with environmental standards[104].

Financial Performance - The company's operating revenue for Q1 2022 was ¥44,304,368.54, representing a decrease of 5.12% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥13,583,407.77, with a diluted earnings per share of -¥0.13[5][6]. - The net profit for Q1 2022 was -13,583,407.77 RMB, compared to -9,079,148.79 RMB in Q1 2021, representing a 49.1% increase in net loss year-over-year[19]. - Operating profit for Q1 2022 was -12,911,801.01 RMB, worsening from -7,943,828.23 RMB in the same period last year[19]. - Total comprehensive income for Q1 2022 was -13,614,938.29 RMB, compared to -9,074,032.08 RMB in Q1 2021, indicating a 50.5% increase in comprehensive loss[20]. - Revenue from sales of goods and services received in Q1 2022 was 53,347,887.26 RMB, a decrease from 55,018,813.98 RMB in Q1 2021[22]. - The basic and diluted earnings per share for Q1 2022 were both -0.13 RMB, compared to -0.12 RMB in Q1 2021[20]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥6,413,335.80, indicating a significant cash outflow due to operational restrictions[6][8]. - Cash and cash equivalents as of March 31, 2022, were RMB 136,580,301.23, down from RMB 179,017,160.65 at the end of 2021, a decrease of 23.6%[13]. - Cash and cash equivalents at the end of Q1 2022 were 131,342,312.63 RMB, down from 173,779,172.05 RMB at the beginning of the period[24]. - The company incurred a total cash outflow from investing activities of -35,728,168.96 RMB in Q1 2022, compared to -4,578,911.74 RMB in Q1 2021[23]. - The company reported a decrease in cash flow from operating activities, with cash inflows totaling 56,723,226.43 RMB in Q1 2022, down from 60,998,722.87 RMB in Q1 2021[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥739,349,134.66, down 4.31% from the previous year[6]. - Total assets decreased to RMB 739,349,134.66 as of March 31, 2022, compared to RMB 772,662,709.21 at the end of 2021, a decline of 4.3%[16]. - Total liabilities decreased to RMB 167,850,016.62 as of March 31, 2022, down from RMB 187,678,085.56 at the end of 2021, a reduction of 10.6%[15]. - The company's total current assets were RMB 548,090,246.42 as of March 31, 2022, compared to RMB 583,076,085.32 at the end of 2021, a decrease of 6.0%[14]. - The total equity attributable to shareholders decreased to RMB 571,499,118.04 as of March 31, 2022, from RMB 584,984,623.65 at the end of 2021, a decline of 2.3%[16]. Research and Development - Research and development expenses totaled ¥8,872,740.75, accounting for 20.03% of operating revenue, an increase of 3.00 percentage points year-on-year[6]. - Research and development expenses increased to RMB 8,872,740.75 in Q1 2022, up from RMB 7,950,499.16 in Q1 2021, reflecting a growth of 11.6%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,978[10]. - The largest shareholder, Shandong Kehui Investment Co., Ltd., held 27.06% of the shares, totaling 28,323,315 shares[10]. Market Conditions - The company faced significant challenges in Q1 2022 due to the pandemic, affecting market activities and production capabilities[8]. - The weighted average return on net assets was -2.35%, reflecting the impact of seasonal factors and rising raw material costs[6][8].

Financial Performance - The net profit attributable to the parent company for the year ended December 31, 2021, was RMB 54,617,572.85, with the parent company achieving a net profit of RMB 46,358,854.94[5] - The total distributable profit for the parent company at the end of 2021 was RMB 214,007,401.59, with a proposed cash dividend of RMB 1.2 per 10 shares, totaling RMB 12,560,400.00, which accounts for 23.00% of the net profit attributable to shareholders[5] - The company's operating revenue for 2021 was CNY 369,319,785.11, representing a year-on-year increase of 10.96% compared to CNY 332,828,175.94 in 2020[20] - The net profit attributable to shareholders of the listed company decreased by 1.28% to CNY 54,617,572.85 in 2021 from CNY 55,323,419.20 in 2020[20] - The net cash flow from operating activities significantly declined by 89.43% to CNY 4,037,740.52, primarily due to changes in customer payment methods and a substantial increase in employee compensation[22] - Total assets at the end of 2021 reached CNY 772,662,709.21, a 43.14% increase from CNY 539,791,209.80 at the end of 2020[20] - The net assets attributable to shareholders of the listed company increased by 72.80% to CNY 584,984,623.65 at the end of 2021 compared to CNY 338,531,126.33 at the end of 2020[20] - Basic earnings per share for 2021 were CNY 0.60, down 14.29% from CNY 0.70 in 2020[21] - The company's gross profit margin was 47.04%, a decrease of 6.25 percentage points compared to the previous year[88] - The company achieved operating revenue of RMB 369,319,785.11, a year-on-year increase of 10.96%[93] Research and Development - The R&D expenditure accounted for 9.09% of operating revenue in 2021, an increase from 8.29% in 2020[22] - The company invested 33.56 million yuan in R&D, a year-on-year increase of 21.69%, accounting for 9.09% of operating revenue[32] - The company holds a total of 61 patents, including 43 invention patents, and applied for 15 new patents during the year[33] - The company has ongoing projects with significant investments, including ¥6,800,000 for wave distance measurement systems and ¥8,400,000 for automated measurement and control terminals[68] - The company’s R&D investment has resulted in a total of 135 patent applications, with 86 patents granted cumulatively[62] - The company is actively researching synchronous reluctance motor drive systems, which are expected to have significant energy-saving effects and align with national carbon neutrality goals[48] - The company has developed core technologies that enhance the reliability and accuracy of fault location in power transmission lines, with significant improvements in measurement precision[56] - The company’s R&D efforts led to the development of technologies that improve the adaptability of motors in harsh environments, enhancing reliability and reducing costs[59] Market and Business Strategy - The company operates in the electrical machinery and equipment manufacturing industry, focusing on two main segments: smart grid fault monitoring and automation, and switched reluctance motor drive systems[41] - The estimated market capacity for switched reluctance motor drive systems is conservatively projected at CNY 20 billion, indicating significant growth potential[44] - The company is expanding its user-side energy storage business, achieving significant breakthroughs in integrated solar-storage systems[34] - The company plans to expand its reluctance motor business, capitalizing on the growing demand for this technology[131] - The company aims to leverage its technological advancements to meet increasing market demands for reliable power supply solutions[69] - The company is exploring potential acquisitions to further enhance its product offerings and market presence[152] - The company plans to enter two new international markets by the end of 2022, targeting a 15% revenue contribution from these markets[151] Governance and Compliance - The company has a governance structure that includes a board of directors with 9 members, of which 3 are independent directors, ensuring compliance with legal requirements[139] - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, ensuring fair treatment of all shareholders[138] - The company emphasizes investor relations management and has established multiple communication channels to enhance engagement with investors[140] - The company has not reported any related party transactions that could impact its financial performance[142] - The company is committed to maintaining transparency and governance standards as evidenced by the regular shareholder meetings held[144] Operational Efficiency - The company has implemented an ERP system upgrade to enhance management efficiency and digital transformation[35] - The company has established a comprehensive internal control system, ensuring effective execution across all business activities[188] - The company has implemented a "sales-driven production" model, aligning production volume closely with sales fluctuations[101] - The company has a performance evaluation system in place to motivate employees and adjust salaries based on performance[177] - The company has made significant advancements in the automation of oil pump control systems, leading to increased production efficiency and reduced operational costs[71] Environmental and Social Responsibility - The company invested approximately 3.8 million RMB in building integrated green power stations, achieving an annual power generation of about 1,200 MWh and reducing carbon emissions by over 1,196 tons[195] - The company has implemented a complete environmental protection management system, ensuring compliance with national environmental laws and standards[194] - The company produced 7.9 tons of hazardous waste in 2021, managing it according to relevant regulations and ensuring no overdue storage[192] - The company’s energy consumption included 1.36 million kWh of electricity, with 270,000 kWh generated from photovoltaic sources[191] Future Outlook - The company provided guidance for 2022, expecting revenue growth to be between 10% and 12%[151] - The company aims to enhance its R&D investment to improve technological capabilities and product levels, including the development of new types of wave distance measuring devices and online monitoring devices for cable faults[134] - The company is committed to expanding its user-side energy storage business and exploring profitable business models for energy storage[135] - The company plans to develop a complete energy storage product line, including battery modules, battery management systems, storage cabinets, inverters, and control devices over the next three years[133]

证券代码：688681 证券简称：科汇股份 公告编号：2021-024 山东科汇电力自动化股份有限公司 关于参加山东辖区上市公司 2021 年度投资者 网上集体接待日活动的公告 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。 为进一步加强与广大投资者沟通互动，切实提高公司透明度、 规范运作和治理水平，山东科汇电力自动化股份有限公司（以下简 称"公司"）将参加由山东证监局、山东上市公司协会联合举办并由 深圳市全景网络有限公司承办的"山东辖区上市公司 2021 年度投资 者网上集体接待日活动"，现将有关事项公告如下： 一、 活动时间 2021 年 11 月 16 日（星期二）14:00-16:00 二、 活动方式 本次投资者接待日活动将采取网络远程的方式举行，投资者可 以登录"全景·路演天下"网站（http://rs.p5w.net）参加本次活 动。 三、 参加人员 届时，公司董事会秘书兼财务总监朱亦军先生、证券事务代表 黄河先生将参与本次投资者网上集体接待日活动，就公司治理及社 会责任/ESG、经营状况、发展战略、风险防控 ...

Financial Performance - The basic earnings per share for the first half of 2021 was CNY 0.21, a decrease of 12.50% compared to CNY 0.24 in the same period last year[19]. - The diluted earnings per share for the first half of 2021 was also CNY 0.21, reflecting the same 12.50% decrease from CNY 0.24 year-on-year[19]. - The company's operating revenue for the first half of the year was approximately ¥150.33 million, representing a 17.71% increase compared to the same period last year[20]. - Net profit attributable to shareholders decreased by 13.10% to approximately ¥16.65 million, down from ¥19.15 million in the previous year[20]. - The net profit for the first half of 2021 was RMB 16,645,086.07, a decrease of 13.2% from RMB 19,153,922.23 in the first half of 2020[178]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 16.15 million yuan, a decrease of 9.66% year-on-year[63]. - The company reported a total profit for the first half of 2021 was approximately ¥14.20 million, a decrease of 40% from ¥23.69 million in the same period of 2020[181]. Research and Development - The R&D investment accounted for 10.20% of operating revenue, an increase of 1.79 percentage points compared to 8.41% in the same period last year[19]. - The company has increased its R&D and sales expenses, contributing to the decline in net profit[20]. - The company invested CNY 15.34 million in R&D, accounting for 10.20% of its revenue[45]. - Research and development expenses increased to RMB 15,338,904.65 in the first half of 2021, compared to RMB 10,742,512.10 in the first half of 2020, reflecting a growth of 42.5%[177]. - The company has achieved breakthroughs in key technologies for large power motor controllers, focusing on optimizing motor structure to reduce losses and improve heat dissipation efficiency[31]. - The company has developed a new energy management system that integrates renewable energy sources, aligning with national goals for a low-carbon economy[55]. - The company emphasizes collaboration with universities for research and development, fostering a stable innovation mechanism[39]. Assets and Liabilities - Total assets rose by 37.08% to approximately ¥739.93 million, up from ¥539.79 million at the end of the previous year[20]. - The company's total assets amounted to RMB 760,541,411.20, up from RMB 557,682,542.81 at the end of 2020[175]. - The company's current assets reached RMB 572,083,501.43, up from RMB 374,114,936.60 at the end of 2020, indicating a growth of about 53%[170]. - The total liabilities decreased slightly to RMB 186,792,958.13 as of June 30, 2021, from RMB 188,391,034.76 at the end of 2020[175]. - The equity attributable to the owners of the parent company rose to RMB 547,687,528.97 from RMB 338,531,126.33, showing an increase of approximately 62%[171]. Cash Flow - The company reported a net cash flow from operating activities of approximately -¥24.32 million, indicating a significant increase in cash outflow compared to -¥5.33 million in the previous year[20]. - The net cash flow from operating activities for the first half of 2021 was negative at approximately -¥24.32 million, compared to -¥5.33 million in the first half of 2020[183]. - The net cash flow from financing activities for the first half of 2021 was approximately ¥181.86 million, a significant improvement compared to -¥10.12 million in the first half of 2020[184]. - The total cash inflow from investment activities in the first half of 2021 was 71,265,066.11 RMB, significantly higher than 3,783,217.39 RMB in the first half of 2020[187]. Market and Business Segments - The company's main business segments include smart grid fault monitoring and automation, and switched reluctance motor drive systems, with stable performance in the former[19]. - The company is focusing on the smart grid fault monitoring and automation, and switched reluctance motor drive systems as its main business segments[25]. - The company has established sales networks in major cities including Beijing, Shanghai, and Guangzhou, focusing on domestic sales while managing some overseas markets[36]. - The company is recognized as a leader in the electric power line fault testing and online monitoring sector, with a series of products that are domestically advanced[61]. Risks and Challenges - The company faced various risks in its operations, which are detailed in the report under "Management Discussion and Analysis" section[4]. - The company faces risks related to reliance on major clients, specifically the State Grid and Southern Grid, which could impact future profitability[66]. - The company faces risks to its gross profit margin due to potential increases in raw material costs and the lower margin of its switched reluctance motor drive system products[68]. Shareholder and Governance - The company has committed to a share lock-up period of 36 months from the date of listing for major shareholders and related parties[97]. - The company has a commitment to comply with all relevant regulations regarding share transfers by major shareholders[100]. - The company will ensure that any share reduction after the lock-up period will not be below the adjusted issue price[98]. - The company has a commitment to report any changes in shareholding according to the regulations of the Shanghai Stock Exchange[101]. Awards and Recognition - The company has received multiple awards for its core technologies, including the National Technology Invention Second Prize and the Shandong Provincial Science and Technology Progress First Prize[33]. - The company has been awarded for its innovative projects, including the "self-healing technology for distribution network faults" recognized by the Shandong Provincial Department of Industry and Information Technology[64]. Compliance and Regulations - The report is unaudited, and the board of directors guarantees its authenticity and completeness[5]. - The financial statements are prepared based on the assumption of going concern, indicating the company's ability to continue operations for at least 12 months from the reporting date[198]. - The company adopted new accounting policies effective January 1, 2021, in accordance with the relevant accounting standards[198].