重要内容提示： （网址：http://roadshow.sseinfo.com/） 证券代码：688698 证券简称：伟创电气 公告编号：2023-015 苏州伟创电气科技股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 19 日(星期三)至 04 月 25 日(星期二)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（zqb@veichi.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。 苏州伟创电气科技股份有限公司（以下简称"公司"）已于 2023 年 04 月 18 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度 经营成果、财务状况，公司计划于 2023 年 04 月 26 日下午 14:00-15:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络 ...

Group 1: Market Insights - The real estate investment in Q1 increased by over 10% year-on-year, with the construction machinery market share for the company at 27.9% in 2021 [2] - The company aims to leverage its experience in the construction hoisting machinery market to explore other segments within the hoisting industry [2] - The company identifies opportunities in sectors like semiconductors, textiles, robotics, and medical industries due to the push for domestic production and key technology breakthroughs [3] Group 2: Product Development and Strategy - The company is focusing on high-efficiency electric motor applications under the national dual-carbon strategy, enhancing core technology and product iterations [2] - The company plans to develop servo systems alongside frequency converters, with a focus on optimizing production processes and reducing costs [5] - The PLC product line has been launched, with the VC1S and VC3 series already in mass production and receiving positive customer feedback [6] Group 3: Financial Performance and Management - The total expenses for the year reached 150 million CNY, an increase of 18.41% year-on-year, attributed to expanded sales scale [11] - R&D expenses grew by 44.09% in 2021 and 39.75% in Q1 2022, totaling 172 million CNY from 2019 to 2021 [11] - The company has implemented measures to manage rising raw material costs, including strategic agreements with suppliers and optimizing product design [7] Group 4: Supply Chain and Logistics - The company has not faced production or delivery issues due to raw material shortages, thanks to proactive supply chain management [10] - Inventory increased by 40.78% year-on-year, primarily due to strategic stockpiling of essential components like IGBT modules and chips [11] - The company is enhancing its logistics capabilities to ensure timely delivery despite challenges posed by the pandemic [12] Group 5: Future Outlook - The company is expanding its production capacity with the construction of a new automation production base, expected to enhance overall output [12] - The focus will remain on high-end manufacturing sectors, including lithium battery equipment and photovoltaic devices, to support future growth [12] - The company is actively exploring new markets and maintaining strong relationships with existing clients to drive performance [12]

Group 1: Company Overview and Market Position - Suzhou Weichuang Electric Technology Co., Ltd. focuses on the research, production, and sales of industrial automation products, including frequency converters and servo systems [2][10]. - The company has established a presence in various sectors, including robotics, construction machinery, textile machinery, and photovoltaic applications, contributing to the national economy [10][14]. - In 2021, the company's overseas revenue reached CNY 71.36 million, a year-on-year increase of 49.01%, with Q1 2022 showing a 59.39% growth [12][19]. Group 2: Impact of External Factors - The ongoing pandemic and geopolitical tensions have created challenges, but also opportunities in sectors like semiconductors and robotics, driving domestic enterprises to innovate [2][11]. - The company has maintained a healthy order backlog and production capacity utilization despite external pressures [11]. Group 3: Product Development and R&D Investment - The company invests approximately 9%-10% of its annual revenue in R&D, with 2021's investment amounting to CNY 75.97 million, a 44.09% increase from the previous year [5][20]. - As of March 31, 2022, the company holds 134 authorized patents, including 29 invention patents, reflecting its commitment to technological innovation [16]. Group 4: Financial Performance and Cost Management - The company has implemented cost control measures to maintain gross margins amid rising raw material costs, including strategic agreements with suppliers [7][19]. - In 2021, total expenses were CNY 150 million, a year-on-year increase of 18.41%, while R&D expenses grew by 44.09% [19]. Group 5: Future Strategies and Market Expansion - The company has established new departments focused on advanced manufacturing and robotics to capture emerging market opportunities [11][14]. - Plans for future product integration include combining PLCs, servo systems, and machine vision technologies to enhance competitiveness in smart manufacturing [4][12].

编号：2022-007 证券代码：688698 证券简称：伟创电气 苏州伟创电气科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------------|---------------------------------------------------------------|--------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 动 类别 | ☑ 特定对象调研 □ 业绩说明会 \n□ 现场参观 | □ 分析师会议 □ 新闻发布会 \n□ 其他 （ ） | □ 媒体采访 □ 路演活动 | | 参与单位名称 时间 | 德邦证券、长城基金 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥225,200,762.18, representing an increase of 11.78% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥35,831,317.01, reflecting a growth of 3.93% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,903,721.54, which is an increase of 27.92% compared to the previous year[6]. - The company achieved operating revenue of RMB 665.60 million for the first nine months of 2022, representing a year-on-year growth of 8.07%[23]. - Total operating revenue for the first three quarters of 2022 reached ¥665,601,475.52, an increase of 8.06% compared to ¥615,911,161.47 in the same period of 2021[34]. - The net profit for the third quarter of 2022 was ¥114,702,219.92, compared to ¥100,477,556.45 in the same quarter of 2021, representing a growth of 14.83%[38]. - The net profit for the first three quarters of 2022 was ¥115,508,508.72, up 15.4% from ¥100,077,429.45 in the previous year[58]. Research and Development - Research and development expenses totaled ¥25,618,760.52 for Q3 2022, marking a 34.88% increase year-over-year[8]. - R&D expenses accounted for 11.38% of operating revenue, up by 1.95 percentage points from the previous year[8]. - Research and development expenses reached RMB 67.26 million, a 30.37% increase year-on-year, with R&D personnel comprising 32.83% of the total workforce[24]. - Research and development expenses for the third quarter of 2022 amounted to ¥67,259,499.96, an increase of 30.38% from ¥51,592,644.77 in the previous year[38]. - Research and development expenses for the first three quarters of 2022 were ¥65,651,014.31, compared to ¥50,682,342.39 in the same period of 2021, marking a 29.5% increase[55]. - The company plans to continue investing in R&D to maintain its technological leadership and actively pursue new product development and process upgrades[12]. - The company plans to enhance its technological leadership by increasing investment in R&D and actively developing new products and process upgrades[24]. - The company added 25 new patents during the reporting period, bringing the total number of valid patents to 143[24]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,348,415,265.44, a 6.30% increase from the end of the previous year[8]. - The total assets as of the end of the third quarter of 2022 were ¥1,348,415,265.44, compared to ¥1,268,557,476.93 at the end of the third quarter of 2021, marking a growth of 6.29%[33]. - The total liabilities for the third quarter of 2022 were ¥396,105,741.81, a slight decrease from ¥401,729,045.65 in the same period of 2021[33]. - The total liabilities decreased slightly to ¥395,813,513.17 from ¥401,378,614.92, indicating a reduction of about 1.4%[53]. - The equity attributable to shareholders at the end of Q3 2022 was ¥951,745,290.85, which is a 9.86% increase year-over-year[8]. - The equity attributable to shareholders of the parent company increased to ¥951,745,290.85 from ¥866,325,597.34 year-on-year, reflecting a growth of 9.87%[33]. - The company's total equity increased to ¥954,714,479.68, up from ¥868,404,747.55, reflecting a growth of approximately 9.9%[53]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥64,744,333.45, with a significant increase attributed to a 149.19% growth in overseas business volume[12]. - Cash flow from operating activities generated a net cash inflow of CNY 64,744,333.45, compared to a net outflow of CNY 12,171,854.54 in the previous period[45]. - Cash received from the sale of goods and services was CNY 400,316,274.70, up from CNY 273,174,915.04, indicating a growth of approximately 46.5%[42]. - The company's cash received from operating activities totaled ¥437,936,583.53, compared to ¥299,198,923.31 in the previous year, representing a growth of 46.5%[60]. - The company reported a significant increase in cash flow from investment activities, with cash inflows of CNY 635,682,385.95 compared to CNY 443,936,855.21 in the previous period, marking a growth of about 43.2%[45]. - The ending balance of cash and cash equivalents was $126.91 million, up from $86.16 million year-over-year[63]. Market Presence - The company has a strategic focus on expanding its overseas market presence, as evidenced by the significant growth in overseas revenue[23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[43].

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[2]. - The company's operating revenue for the first half of 2022 was CNY 440,400,713.34, representing a year-on-year increase of 6.26%[26]. - Net profit attributable to shareholders for the same period was CNY 78,809,504.07, up 19.16% compared to the previous year[26]. - Operating profit reached 81.11 million yuan, reflecting a growth of 13.80% year-on-year[111]. - The total profit amounted to 86.52 million yuan, marking a 19.24% increase from the previous year[111]. - The basic earnings per share increased to 0.44 yuan, representing an 18.92% growth year-on-year[111]. Market Expansion and Strategy - The company expects a revenue growth of 10% for the second half of 2022, driven by new product launches and market expansion strategies[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[2]. - A strategic acquisition of a local competitor is under consideration to enhance product offerings and market reach[2]. - The company plans to expand into industries closely related to national economic lifelines, such as efficient motors, HVAC equipment, and logistics[27]. - The company is actively expanding its market presence and developing new technologies to meet evolving customer demands[35]. Research and Development - Investment in R&D increased by 25% year-on-year, focusing on new technologies such as IGBT and frequency conversion technology[2]. - The company achieved total R&D expenses of 41,640,739.44 CNY during the reporting period, representing a 27.73% increase compared to 32,599,371.52 CNY in the same period last year[83]. - The total R&D investment accounted for 9.46% of the operating revenue, up from 7.87% in the previous year, indicating a 1.59% increase[83]. - The company obtained 22 new patents during the reporting period, including 5 invention patents, bringing the total number of authorized patents to 140, with 33 being invention patents[83]. - The company continues to invest in research and development, with numerous patents pending for innovative motor control methods and devices[69]. Product Development and Innovation - The company has launched two new products in the first half of 2022, contributing to 10% of total revenue[2]. - The company has developed core technologies including V/F scalar control and vector control for motors, enhancing performance across various motor types[67]. - The company has made advancements in motor parameter identification technology, enabling accurate detection of motor characteristics under various conditions[69]. - The company has developed PWM control technology, which includes five key innovations aimed at improving output voltage stability and reducing current distortion, with a focus on real-time adjustments and compensation strategies[71]. - The company has introduced a new feedback control technology for switch power supplies, optimizing performance under harsh grid conditions with input voltage fluctuations of ±30%[75]. Financial Health and Assets - The company's net assets at the end of the reporting period were CNY 914,241,929.60, reflecting a 5.53% increase from the previous year[26]. - The total assets amounted to CNY 1,329,593,004.71, which is a 4.81% increase compared to the end of the previous year[26]. - The accounts receivable balance increased by 42.87% compared to the beginning of the period, reaching CNY 325.28 million[127]. - The company's inventory rose by 17.30% to CNY 246,545,245.72, indicating potential challenges in inventory management[141]. - The company reported a decrease in cash and cash equivalents by 54.78% to CNY 114,522,364.26, primarily due to investments in structured deposits[141]. Environmental and Social Responsibility - The company has implemented waste management procedures and pollution control programs as part of its standard operating procedures[162]. - The company’s wastewater treatment meets the GB8978-1996 Class III discharge standards, minimizing its impact on the surrounding water environment[168]. - The company actively promotes low-carbon initiatives among employees, including encouraging public transport and cycling[170]. - The company’s air pollution control measures include the installation of gas collection and activated carbon adsorption devices[169]. - The company has established internal systems for environmental protection and pollutant management, ensuring compliance with regulations[162]. Corporate Governance and Compliance - The company has committed to not transferring or entrusting the management of its publicly issued shares for 36 months from the date of listing on the Shanghai Stock Exchange[178]. - The company will strictly adhere to the rules set by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding share reduction and disclosure obligations[181]. - The company has established a comprehensive internal control system and management framework to mitigate operational risks and ensure effective implementation of internal controls[192]. - The company intends to refine budget management and control expenses to improve capital utilization efficiency and achieve cost reduction and efficiency enhancement[192]. - The company has committed to timely announcements and apologies in case of any violations of profit distribution commitments, ensuring investor interests are protected[196].

Financial Performance - The company's operating revenue for Q1 2022 was ¥198,848,635.78, representing a year-on-year increase of 17.79%[6] - The net profit attributable to shareholders of the listed company was ¥29,947,884.75, reflecting a significant increase of 40.99% compared to the same period last year[6] - The basic earnings per share for the period was ¥0.17, which is an increase of 41.67% year-on-year[9] - Total operating revenue for Q1 2022 was CNY 198,848,635.78, an increase of 17.8% compared to CNY 168,811,287.38 in Q1 2021[31] - Net profit for Q1 2022 reached CNY 29,949,396.72, compared to CNY 21,240,625.53 in Q1 2021, representing a growth of 41.5%[35] - The company reported a net cash outflow from operating activities of CNY -4,927,395.86 in Q1 2022, an improvement from CNY -21,661,482.73 in Q1 2021[56] Research and Development - Research and development (R&D) expenses totaled ¥22,230,927.93, marking a 39.75% increase from the previous year[9] - The proportion of R&D expenses to operating revenue was 11.18%, an increase of 1.76 percentage points year-on-year[9] - The company increased R&D investment, with R&D expenses of RMB 22.23 million, a year-on-year increase of 39.75%; as of the end of the reporting period, there were 325 R&D personnel, accounting for 31.46% of the total workforce[19] - In Q1 2022, the company added 10 new patents (including 1 invention patent), bringing the total number of valid patents to 134 (including 29 invention patents)[19] - Research and development expenses for Q1 2022 were CNY 22,230,927.93, an increase of 39.7% from CNY 15,907,258.49 in Q1 2021[31] - Research and development expenses increased to CNY 21,858,429.48 in Q1 2022, compared to CNY 15,907,258.49 in Q1 2021, reflecting a 37.4% rise[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,287,957,736.58, a 1.53% increase from the end of the previous year[9] - As of March 31, 2022, the company's total assets amounted to RMB 1,287.96 million, compared to RMB 1,268.56 million at the end of 2021[21] - The total assets increased to CNY 1,290,216,676.55 as of the end of Q1 2022, up from CNY 1,269,783,362.47 at the end of Q1 2021[50] - The total liabilities decreased to CNY 391,326,355.69 in Q1 2022 from CNY 401,729,045.65 in Q1 2021, a reduction of 2.5%[30] - The company’s total liabilities as of March 31, 2022, were CNY 391,158,535.71, a decrease from CNY 401,378,614.92 at the end of 2021[48] Cash Flow - The net cash flow from operating activities was negative at -¥5,920,851.40, indicating a non-applicable change[6] - Operating cash inflow for Q1 2022 was CNY 111,491,811.53, up from CNY 73,704,655.85 in Q1 2021, representing a growth of approximately 51.2%[42] - Cash inflow from investment activities in Q1 2022 was CNY 172,734,381.81, significantly higher than CNY 20,092,989.06 in Q1 2021[42] - Net cash flow from investment activities for Q1 2022 was -CNY 136,213,907.34, compared to -CNY 386,062,207.23 in Q1 2021, indicating a reduction in cash outflow[42] - The company’s cash outflow from financing activities in Q1 2022 was CNY 584,322.00, compared to CNY 26,110,358.33 in Q1 2021, indicating a significant reduction in cash outflow[42] Equity - The total equity attributable to shareholders of the listed company was ¥896,127,034.98, up 3.44% from the previous year[9] - The total equity increased to CNY 899,058,140.84 as of the end of Q1 2022, up from CNY 868,404,747.55 at the end of Q1 2021[50] - The total equity attributable to shareholders increased to CNY 896,127,034.98 in Q1 2022 from CNY 866,325,597.34 in Q1 2021, reflecting a growth of 3.4%[30] Revenue Breakdown - From the beginning of the year to the end of the reporting period, the main business revenue was RMB 189.09 million, accounting for 95.09% of total operating revenue; domestic main business revenue was RMB 165.92 million, up 10.58% year-on-year; overseas revenue was RMB 23.17 million, up 59.39% year-on-year[19] - The revenue from general products was RMB 57.87 million, a year-on-year increase of 17.58%; revenue from industry-specific machine products was RMB 73.58 million, a year-on-year decrease of 2.99%; revenue from servo systems and motion controllers was RMB 55.64 million, a year-on-year increase of 43.41%[19] Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[36]

Financial Performance - The company has not achieved profitability since its listing, indicating ongoing financial challenges [4]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a 15% year-over-year growth [20]. - The company's operating revenue for 2021 reached ¥818,874,970.50, representing a year-on-year increase of 43.10% [30]. - Net profit attributable to shareholders increased by 44.76% to ¥126,744,948.12, while the net profit after deducting non-recurring gains and losses rose by 37.20% to ¥113,746,436.98 [33]. - The company's total assets grew by 17.95% to ¥1,268,557,476.93, and net assets attributable to shareholders increased by 13.53% to ¥866,325,597.34 [30]. - The basic earnings per share rose to ¥0.70, a 7.69% increase compared to the previous year [30]. - The company's cash flow from operating activities decreased by 44.22% to CNY 30.07 million from CNY 53.91 million in the previous year [170]. - The company's total operating revenue for 2021 reached approximately ¥789.74 million, representing a year-on-year increase of 40.94% [174]. Dividend and Capital Management - The company plans to distribute a cash dividend of 1.76 RMB per 10 shares, totaling approximately 31.68 million RMB, which represents 25% of the net profit attributable to shareholders for 2021 [6]. - The company has not proposed any capital reserve transfer to increase share capital or bonus shares for 2021 [6]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties [7]. - There are no violations of decision-making procedures regarding external guarantees [9]. Research and Development - The company is investing in R&D, allocating 10% of its revenue towards developing new technologies and products [20]. - Research and development expenses accounted for 9.28% of operating revenue, slightly up from 9.21% in 2020 [30]. - The total R&D investment for the year reached ¥75,970,993.96, an increase of 44.09% compared to ¥52,723,012.06 in the previous year [121]. - The company has developed high-frequency injection control technology and various motion control algorithms, establishing a strong technical position in the industry [141]. - The company has obtained a total of 124 authorized patents, including 28 invention patents, enhancing its competitive edge in the industry [44]. Market Expansion and Strategy - The company has provided guidance for the next fiscal year, projecting a revenue growth of 10% to 12% [20]. - Market expansion plans include entering two new international markets by Q3 2022, aiming for a 5% market share in each [20]. - The company is exploring potential acquisitions to enhance its product offerings and market presence, with a budget of 300 million CNY allocated for this purpose [20]. - The company is actively pursuing market expansion strategies through the introduction of new products and technologies, aiming to enhance its competitive edge in the industry [106][109]. Operational Efficiency - The gross margin improved to 35%, up from 30% in the previous year, reflecting better operational efficiency [20]. - The company has implemented cost-cutting measures that are projected to save approximately 50 million CNY annually [20]. - The company has maintained a stable cost structure, with direct materials accounting for 88.11% of total costs [181]. - The direct material costs as a percentage of operating costs decreased from 86.86% in 2020 to 84.46% in 2021, highlighting potential improvements in cost management [154]. Risks and Governance - The report includes a detailed discussion of various risks, including core competitiveness, operational, financial, industry, and macroeconomic risks [4]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance [5]. - The report does not indicate any special arrangements for corporate governance [9]. - The company faced risks from high market concentration, with foreign brands holding a significant market share in the low-voltage inverter and servo system sectors [164]. Product Development and Innovation - The company has developed a unique IGBT control method that achieves reliable control across multiple voltage levels (220V to 1140V) and current ratings (3A to 1200A) [106]. - The company has filed several patents for new technologies, including methods for motor angle error correction and speed control, indicating ongoing innovation [100]. - The company is focusing on expanding its product line, with new products such as AC series inverters and servo drivers being developed [100]. - The company has launched new servo system products, including the V7E series servo motors and SD710 and SD700-NA servo drives, contributing to new revenue growth [45]. Customer and Market Insights - User data indicates a growth in active users, reaching 500,000, which is a 25% increase compared to the previous year [20]. - The company's overseas product sales revenue reached 71.36 million yuan in 2021, representing 9.04% of total operating income, with plans for gradual expansion in international markets [155]. - The top five customers contributed 18.53% of the total annual sales, with no significant reliance on any single customer [186]. Financial Health and Liabilities - Accounts receivable increased by 47.54% to 227.68 million yuan at the end of the reporting period, necessitating strict management to mitigate potential bad debt risks [160]. - The company's total amount of other current liabilities increased by 64.77% to 155,913,157.82 RMB, mainly due to business growth leading to the recognition of unexpired bank acceptance bills [200]. - The company’s cash management strategy involved purchasing structured deposits and large bank certificates of deposit with raised funds from the previous year [195].

Financial Performance - The company's operating revenue for Q3 2021 was ¥201,465,837.71, representing a year-over-year increase of 28.24%[5] - The net profit attributable to shareholders for Q3 2021 was ¥34,476,515.52, reflecting a 47.67% increase compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,067,865.36, up by 29.79% year-over-year[5] - Total operating revenue for Q3 2021 reached ¥615,911,161.47, a significant increase of 47% compared to ¥419,294,553.50 in Q3 2020[32] - Net profit for Q3 2021 was ¥100,477,556.45, compared to ¥73,964,805.99 in Q3 2020, representing a growth of approximately 36%[35] - The company’s total comprehensive income attributable to shareholders was ¥100,480,677.53, compared to ¥74,761,547.48 in Q3 2020, showing an increase of 34%[38] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥1,241,609,832.17, a 15.44% increase from the end of the previous year[7] - The total assets as of Q3 2021 were ¥1,241,609,832.17, compared to ¥1,075,519,515.59 in Q3 2020, showing an increase of 15%[32] - Total liabilities increased to ¥399,269,492.16 in Q3 2021 from ¥312,449,853.11 in Q3 2020, marking a rise of 28%[32] - The equity attributable to shareholders of the parent company reached ¥841,726,993.28, up from ¥763,069,662.48 in Q3 2020, reflecting a growth of 10%[32] Research and Development - The company's R&D investment for Q3 2021 was ¥18,993,273.25, which accounted for 9.43% of operating revenue, a decrease of 1.58 percentage points year-over-year[7] - Research and development expenses for the year-to-date reached CNY 51.59 million, a 41.37% increase from the previous year, with 294 R&D personnel, representing 30.28% of total staff[23] - The company added 22 new patents (including 9 invention patents) during the reporting period, bringing the total to 119 valid patents (27 of which are invention patents)[23] - Research and development expenses in Q3 2021 amounted to ¥51,592,644.77, an increase from ¥36,495,349.16 in Q3 2020, indicating a 41% rise[35] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥12,171,854.54, indicating a negative cash flow situation[5] - Operating cash inflow for the first three quarters of 2021 was CNY 304,475,413.04, an increase from CNY 225,465,915.07 in the previous year, representing a growth of approximately 35%[41] - Net cash flow from operating activities for the first three quarters of 2021 was negative CNY 12,171,854.54, a decline from positive CNY 33,823,349.92 in the same period of 2020[41] - Cash inflow from investment activities in the third quarter of 2021 was CNY 443,936,855.21, significantly higher than CNY 198,588,816.66 in the previous year[45] - Net cash flow from investment activities for the third quarter of 2021 was negative CNY 363,100,671.47, compared to positive CNY 4,561,392.31 in the same period of 2020[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,150, with the largest shareholder holding 69.44% of the shares[15] Revenue Breakdown - For the first nine months of 2021, the company achieved operating revenue of CNY 615.91 million, a year-on-year increase of 46.89% driven by sales growth in frequency converters, servo systems, and control systems[22] - Main business revenue for the same period was CNY 596.64 million, accounting for 96.87% of total revenue, with domestic revenue at CNY 544.91 million (up 45.36%) and overseas revenue at CNY 51.73 million (up 44.43%) compared to the previous year[22] - The company reported revenue from general products of CNY 163.22 million (up 23.00%), industry-specific machinery products of CNY 288.82 million (up 41.25%), and servo systems and control systems of CNY 141.28 million (up 96.83%) year-on-year[22] Current Assets - As of September 30, 2021, the company's total current assets were CNY 952.43 million, slightly down from CNY 962.72 million at the end of 2020[27] - Cash and cash equivalents decreased to CNY 91.14 million from CNY 518.91 million at the end of 2020[27] - Accounts receivable increased to CNY 261.61 million from CNY 143.77 million year-on-year[27] - Inventory rose to CNY 221.49 million, up from CNY 147.21 million at the end of 2020[27] Market Strategy - The company attributed the revenue growth to increased sales of frequency converters, servo systems, and control systems, as well as active development of new products and expansion into overseas markets[11] - The company continues to focus on expanding overseas markets and developing new products to sustain revenue growth[22]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[2] - The company has set a revenue guidance of RMB 1.2 billion for the full year 2021, indicating a growth target of 25%[2] - The company's operating revenue for the first half of 2021 was CNY 414,445,323.76, representing a year-on-year increase of 58.07%[23] - The net profit attributable to shareholders for the same period was CNY 66,137,694.20, an increase of 30.66% compared to the previous year[24] - The revenue from industry-specific products reached CNY 193,920,000, marking a growth of 62.20% year-on-year[23] - The revenue from servo systems and control systems surged by 116.31% to CNY 97,761,000[23] - The company reported a total revenue of approximately 107.59 million RMB for the first half of 2021, with a gross profit of about 76.18 million RMB, indicating a significant increase in performance compared to the previous period[89] - In the first half of 2021, the company achieved total operating revenue of CNY 414.45 million, a year-on-year increase of 58.07%[103] - The company's net profit attributable to shareholders reached CNY 66.14 million, reflecting a year-on-year growth of 30.66%[103] User Growth - User data showed an increase in active users by 15% compared to the same period last year, reaching 1.2 million active users[2] - User data showed a growth of 15% in active users, bringing the total to 3 million users[176] Research and Development - Research and development expenses increased by 30% to RMB 50 million, focusing on IGBT technology advancements[2] - The R&D investment as a percentage of operating revenue was 7.87%, up by 0.55 percentage points from the previous year[23] - The company has been recognized as a high-tech enterprise and included in the list of "Little Giant" enterprises by the Ministry of Industry and Information Technology, indicating its strong R&D capabilities[34] - The company maintains a strong R&D effort, continuously launching new products with enhanced functionality and quality[34] - Research and development investment totaled ¥32,599,371.52, representing a 69.79% increase compared to the previous period, and accounted for 7.87% of operating revenue[78] - R&D expenses rose by 69.79% to ¥32,599,371.52, driven by an increase in R&D personnel and direct project investments[126] - The number of R&D personnel increased to 251, representing 25.93% of the total workforce, up from 20.75% in the previous period[93] - The average salary for R&D personnel rose to 10.75 thousand RMB, compared to 9.52 thousand RMB in the previous period, reflecting the company's investment in talent[93] Market Expansion - The company is expanding its market presence in Southeast Asia, with plans to establish two new offices by Q4 2021[2] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2022[176] - The company plans to gradually expand its overseas market, with foreign sales revenue expected to increase in the next three years[124] Product Development - New product launches included a state-of-the-art PLC system, which is expected to contribute an additional RMB 100 million in revenue by the end of the year[2] - New product launches are anticipated to contribute an additional 10% to revenue, with two major products set to release in Q3 2021[176] - The company is focusing on innovation and has a robust pipeline of new products and technologies aimed at enhancing operational efficiency and market reach[60] Financial Guidance - The company expects a revenue growth guidance of 20% for the next fiscal year, projecting revenues to reach approximately 1.44 billion RMB[176] Strategic Initiatives - The company plans to pursue strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for potential targets[176] - A new marketing strategy is being implemented, aiming to increase brand awareness by 25% over the next year[176] - The company plans to enhance sales revenue and future earnings through technology research and product innovation, marketing system improvement, and operational efficiency enhancement[183] Risk Management - The company has no significant risks impacting operations during the reporting period, ensuring stable performance[5] - The company faces risks related to the high concentration of the industrial automation control product market, with foreign brands holding significant market shares[117] - The company is at risk of core technology leakage and talent loss due to increasing competition for skilled professionals in the industrial automation sector[112] - The company is exposed to risks from fluctuations in raw material prices, with direct material costs accounting for 85.83% of operating costs in the first half of 2021[114] Corporate Governance - The board of directors confirmed that all members attended the meeting, ensuring governance compliance[5] - The company has established a school-enterprise cooperation system to enhance talent cultivation and training, supporting its development[108] Environmental Compliance - The company is not classified as a key pollutant discharge unit and has implemented measures to minimize environmental impact[155] - The company collects and properly disposes of hazardous waste in compliance with national regulations[157] - The company’s wastewater treatment meets the Grade 3 standard of the "Comprehensive Discharge Standard for Wastewater" (GB8978-1996)[156] - The company’s air pollution control measures comply with the second-level standard of DB44/27-2001, minimizing impact on the surrounding environment[156] Intellectual Property - The company holds multiple patents related to motor control technologies, enhancing its competitive edge in the market[60] - The company has obtained a total of 108 authorized patents and 55 software copyrights as of June 30, 2021, with 9 new patents granted in the first half of 2021[72] - The company has filed for 16 new patents during the reporting period, with 10 patents granted, bringing the cumulative total to 202 applications and 163 grants[73] - The company is committed to maintaining a robust intellectual property protection system and will apply for patents for core technological achievements[183] Shareholder Commitments - The company has committed to maintaining a stable stock price for three years post-IPO, with specific measures outlined in their stabilization plan[180] - The company commits to compensating investors for any losses incurred due to false statements or omissions in the prospectus, as per legal obligations[196] - The company has a long-term commitment to ensure the accuracy and completeness of the prospectus, taking legal responsibility for any misleading information[197]