Financial Performance - The company's operating revenue for the first half of 2023 was ¥562,642,321.07, representing a 4.05% increase compared to ¥540,764,557.43 in the same period last year[20]. - The net profit attributable to shareholders was ¥5,683,864.33, up 9.81% from ¥5,176,260.10 year-on-year[20]. - The net profit after deducting non-recurring gains and losses surged by 493.37% to ¥1,573,630.23 from ¥265,200.94 in the previous year[20]. - The cash flow from operating activities improved significantly to ¥5,448,774.07, compared to a negative cash flow of ¥89,606,427.40 in the same period last year, marking a 106.08% increase[20]. - Basic and diluted earnings per share increased by 9.32% to ¥0.0129 from ¥0.0118 year-on-year[20]. - The total assets at the end of the reporting period were ¥1,677,021,440.90, reflecting a 1.99% increase from ¥1,644,378,287.74 at the end of the previous year[20]. - The net assets attributable to shareholders were ¥748,029,046.62, a slight increase of 0.10% from ¥747,312,186.32 at the end of the previous year[20]. - The company reported a net profit of 20.72 million yuan for the first half of 2023, which is a decline of 15.7% year-on-year[165]. - The total operating revenue for the first half of 2023 was CNY 562,642,321.07, an increase of 4.9% compared to CNY 540,764,557.43 in the same period of 2022[150]. - The total operating costs for the first half of 2023 were CNY 555,369,769.14, up from CNY 532,464,580.93 in the first half of 2022[150]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥5,448,774.07, a significant improvement compared to a negative cash flow of ¥89,606,427.40 in the previous year, reflecting better sales stability and accounts receivable recovery[41]. - The company's cash and cash equivalents at the end of the reporting period were ¥100,613,353.64, representing 6.00% of total assets[51]. - The company’s operating cash flow for the first half of 2023 was negative at -49,726,974.54 RMB, slightly improved from -50,826,753.81 RMB in the same period of 2022[159]. - The company reported a net cash outflow from investing activities of -27,032,827.82 RMB, compared to -23,234,113.47 RMB in the previous year[160]. - Cash inflow from financing activities totaled 264,750,000.00 RMB, a decrease from 278,800,000.00 RMB in the first half of 2022[160]. Research and Development - The company's R&D investment increased significantly by 126.91%, reaching ¥17,689,298.98, up from ¥7,795,648.92 in the previous year, indicating a strong commitment to innovation[40]. - Research and development expenses for the first half of 2023 were CNY 17,689,298.98, significantly higher than CNY 7,795,648.92 in the same period of 2022, marking an increase of 126.5%[151]. - The company aims to enhance its research and development capabilities to innovate new technologies and products in the upcoming quarters[171]. Market Strategy and Product Development - The company specializes in high-end special cable R&D, manufacturing, and sales, with a focus on five major product lines: green energy, industrial automation, high-end equipment manufacturing, smart city construction, and smart grid[28]. - The company is committed to expanding its market presence through continuous innovation and development of new technologies[28]. - The company plans to expand its market presence by launching new products in the second half of 2023[165]. - The company aims to achieve a revenue target of 1.4 billion RMB for the full year 2023, reflecting a strategic growth plan[175]. Risks and Challenges - The company faces risks from macroeconomic fluctuations that could lead to decreased demand for cables, impacting overall performance[67]. - Raw material price volatility, particularly copper, significantly affects the company's revenue and profitability due to high cost proportions[68]. - The cable industry is characterized by low concentration in China, with a CR10 of approximately 18%, leading to intense competition and potential pricing pressures[69]. Corporate Governance and Compliance - The company has received an administrative penalty of 40,000 yuan for environmental violations but reports no significant impact on operations[88]. - The company aims to strengthen its governance structure and improve management efficiency through better organizational and decision-making processes[79]. - The financial report for the first half of 2023 was not audited, which may affect the reliability of the financial data presented[140]. Shareholder Information - The total number of shares is 439,200,000, with 99.99% being unrestricted shares[124]. - The largest shareholder, Mr. Wen Zehong, holds 38.23% of the shares, totaling 167,896,000 shares, with no changes during the reporting period[126]. - The company has reported a total of 9,701,000 yuan in other equity instruments at the end of the first half of 2023, compared to 9.0 million yuan in the same period of 2022[171].

Financial Performance - The company's revenue for Q1 2023 was ¥249,323,355.74, a decrease of 2.74% compared to ¥256,341,613.16 in the same period last year[5] - Net profit attributable to shareholders was ¥6,519,893.40, down 32.59% from ¥9,671,702.26 year-on-year[5] - Basic and diluted earnings per share were both ¥0.0148, a decrease of 32.73% from ¥0.0220 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 249,323,355.74, a decrease of 2.98% compared to CNY 256,341,613.16 in Q1 2022[19] - Net profit for Q1 2023 was CNY 6,578,013.05, a decline of 32.8% from CNY 9,814,621.73 in Q1 2022[20] - Earnings per share for Q1 2023 was CNY 0.0148, down from CNY 0.0220 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was -¥53,742,157.68, representing a decline of 205.50% compared to -¥17,591,404.98 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 53,742,157.68 in Q1 2023, compared to a net outflow of CNY 17,591,404.98 in Q1 2022[21] - The net cash flow from investment activities was -6,559,377.96 CNY in Q1 2023, compared to -1,163,090.00 CNY in the same period last year[23] - The total cash inflow from financing activities reached 138,000,000.00 CNY, significantly up from 19,190,000.00 CNY year-over-year[23] - The net cash flow from financing activities was 96,536,144.09 CNY, a substantial improvement from -7,037,387.51 CNY in Q1 2022[23] - The cash and cash equivalents increased by 36,692,177.79 CNY during the quarter, contrasting with a decrease of 25,791,882.49 CNY in the previous year[23] - The ending balance of cash and cash equivalents was 112,044,540.02 CNY, compared to 12,494,068.40 CNY at the end of Q1 2022[23] - The initial balance of cash and cash equivalents was 75,352,362.23 CNY, showing a significant increase from 38,285,950.89 CNY year-over-year[23] Assets and Liabilities - Total assets increased by 8.88% to ¥1,790,372,361.54 from ¥1,644,378,287.74 at the end of the previous year[5] - The company's total current assets increased to ¥1,225,004,933.75 from ¥1,090,827,646.58 at the beginning of the year, representing an increase of approximately 12.3%[15] - The total non-current assets increased to ¥565,367,427.79 from ¥553,550,641.16, reflecting a growth of about 2.9%[16] - The total liabilities of the company increased to ¥721,128,352.88 from ¥641,573,814.51, reflecting an increase of approximately 12.4%[16] - Total liabilities increased to CNY 924,273,770.31 in Q1 2023, up from CNY 793,681,484.90 in Q1 2022, reflecting a growth of 16.5%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,001[12] - The largest shareholder, Wenzehong, holds 38.23% of the shares, totaling 167,896,000 shares, with 65,000,000 shares pledged[12] Expenses - Research and development expenses decreased by 31.31% to ¥4,995,507.11 from ¥7,272,158.21 year-on-year[9] - Financial expenses increased by 78.23% to ¥7,389,332.16 due to higher interest expenses from increased bank borrowings[9] - The company reported a significant increase in credit impairment losses by 313.14% to ¥1,613,447.90, primarily due to the recovery of accounts receivable[10] Inventory - The company reported a significant increase in inventory, which rose to ¥197,785,899.37 from ¥153,356,438.75, representing an increase of about 28.9%[15] Audit Information - The company did not undergo an audit for the Q1 report[24]

编号：2023-4-12 证券代码：002451 证券简称：摩恩电气 上海摩恩电气股份有限公司 2022 年度业绩说明会 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 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他（请文字说明其他活动内容） 活动参与人员 董事长：朱志兰 董事、财务总监：张勰 独立董事：袁树民 董事会秘书：黄圣植 及通过线上方式参与公司 2022 年度业绩说明会的投资 者 时间 2023 年 4 月 12 日下午 15:00-16:30 地点 全景网"投资者关系互动平台" 形式 线上文字直播 交流内容及具体问 答记录 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了 回复： 1、朱董:1.从行业来评估公司估值很低，股价处于 历史最低，公司有没有考虑进行市值管理呢？有无 员工持股/股东增持计划呢？2.公司金融板块无明 显正向收益，是否公司考虑降低内部资源消耗，为 公司主营业务提供更好开拓空间？3.新增摩泰能源 是否已开展业务？未来预期如何？4.艾方金科举牌 公司觉得意义如何呢？愿做大做强！5. 新能源扁平 线进度如何？3 ...

证券代码：002451 证券简称：摩恩电气 公告编号：2023-014 上海摩恩电气股份有限公司 关于举行 2022 年度业绩网上说明会的公告 本公司及董事会全体人员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 上海摩恩电气股份有限公司（以下简称"公司"）已于 2023 年 3 月 28 日在巨潮资 讯网（www.cninfo.com.cn）披露了《上海摩恩电气股份有限公司 2022 年年度报告》全 文及摘要。为便于广大投资者深入全面了解公司情况，公司将于 2023 年 4 月 12 日（星 期三）下午 15:00-16:30 在全景网举办 2022 年度业绩说明会，本次年度业绩说明会将 采用网络远程的方式举行，投资者可以登录全景网"投资者关系互动平台" （http://ir.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩说明会的人员有：公司董事长朱志兰女士，董事、财务总监张 勰先生，独立董事袁树民先生，董事会秘书黄圣植先生。 为充分尊重投资者，提升交流的针对性，现就公司 2022 年度业绩说明会提前向投 资者征集问题，广泛听取投资者的意见和建议。投资者可访问 htt ...

Financial Performance - The company's operating revenue for 2022 was ¥1,078,487,200.37, a decrease of 5.59% compared to ¥1,142,295,753.59 in 2021[20] - The net profit attributable to shareholders for 2022 was ¥14,666,901.21, representing a 14.15% increase from ¥12,848,990.35 in 2021[20] - The net cash flow from operating activities improved significantly, reaching ¥-49,302,381.73 in 2022, an 87.93% increase compared to ¥-408,422,892.91 in 2021[20] - Total assets at the end of 2022 were ¥1,644,378,287.74, reflecting a 16.61% increase from ¥1,410,181,865.06 at the end of 2021[20] - The basic earnings per share remained stable at ¥0.03 for both 2022 and 2021[20] - The weighted average return on net assets for 2022 was 1.95%, up from 1.81% in 2021[20] - The net profit after deducting non-recurring gains and losses was ¥5,818,546.77, a decrease of 9.82% from ¥6,452,232.41 in 2021[20] - The company reported a net asset attributable to shareholders of ¥747,312,186.32 at the end of 2022, a slight increase of 0.37% from ¥744,573,305.34 at the end of 2021[20] - The company achieved a total sales revenue of 1.078 billion yuan in 2022, maintaining overall business stability despite external challenges[50] - Total revenue for 2022 was ¥1,078,487,200.37, a decrease of 5.59% compared to ¥1,142,295,753.59 in 2021[60] - Industrial revenue accounted for 96.24% of total revenue in 2022, down from 97.87% in 2021, with a year-on-year decline of 7.16%[60] - The revenue from power cables dropped significantly by 45.03% to ¥351,924,821.06, while electromagnetic wire revenue increased by 52.79% to ¥655,585,415.94[60] - The gross profit margin for industrial revenue was 9.88%, reflecting a slight increase of 0.14% year-on-year despite a 7.30% rise in costs[64] Operational Developments - The company has outlined potential risks and operational plans for 2023 in the management discussion section of the report[5] - The company received government subsidies amounting to 5,894,901.06 in 2022, compared to 4,091,986.01 in 2021, indicating a year-over-year increase of about 44.1%[26] - The company’s investment income from the disposal of non-performing assets reached 3,060,000.00, a significant increase from 972,260.21 in the previous year[26] - The company is focusing on high-end special cable development, with product lines including green energy, industrial automation, and smart grid[36] - The company aims to enhance its R&D capabilities to meet the rising quality demands in the cable industry driven by national policies and the growth of renewable energy sectors[30] - The company has launched over 100 products in its subsidiary Jiangsu Xunda Electric, focusing on high-end electromagnetic wire markets, including products for new energy vehicles and wind power generators[38] - The company is advancing its new energy vehicle flat electromagnetic wire project, completing factory renovations and initial production line installations[53] - The company implemented a new ERP system to enhance digital management across the entire production chain, improving efficiency and reducing production cycles[56] - The company emphasized supply chain optimization and strengthened relationships with suppliers and key customers to improve overall efficiency[54] - The company initiated multiple sustainability measures, including green factory certification and energy management improvements, contributing to cost reduction[55] Research and Development - The company aims to achieve technological breakthroughs in green energy product lines, particularly in new energy vehicle motors and wind power generators, aligning with national development strategies and carbon neutrality goals[38] - The company has filed for patents on several innovative products, indicating a strong commitment to R&D and market competitiveness[74] - The company completed the project for high-speed rail protective ring products, achieving a breakthrough in technology and obtaining a patent[74] - The development of a new type of high-temperature resistant copper wire has been completed, filling a domestic gap in specifications between 4.80-7.50 mm[74] - The company has developed a flame-retardant A-class frequency converter cable, enhancing its electromagnetic interference resistance and fire safety features[75] - The company has achieved mass production of a B-class flame-retardant power cable for rail transit, improving safety and reliability in high-speed rail networks[75] - The number of R&D personnel increased by 1.43% to 71, with a higher proportion of bachelor's degree holders[75] - The company is focusing on expanding its product lines in wind power generation, enhancing the safety and stability of high-pressure motors[75] Market and Product Strategy - The company is expanding its market presence in the high-end electromagnetic wire sector, targeting industries such as nuclear power and rail transportation[38] - The company’s products are designed to meet the rigorous demands of various applications, including chemical resistance and environmental durability, enhancing overall product reliability[39] - Jiangsu Xunda Electric maintained a high growth rate with revenue accounting for over 50% of the company's total, becoming a key driver for future development[41] - Jiangsu Xunda Electric achieved annual orders of approximately 10,000 tons and revenue of 650 million yuan in the high-end electromagnetic wire sector[42] - The company formed a production capacity of over 20,000 tons for various electromagnetic wire products, establishing a stable R&D capability[43] - The company completed 16 product certifications through the China Railway Certification Center (CRCC), enabling entry into specific locomotive applications[44] - The cable segment focused on key areas such as railway locomotive cables and wind power cables, optimizing marketing efforts to improve product competitiveness[48] - The company is committed to increasing R&D efforts in high-end special cables and electromagnetic wires, particularly in the new energy vehicle sector[108] Governance and Compliance - The company has established a robust corporate governance structure, including a board of directors, supervisory board, and management team, operating independently[130] - The company strictly adheres to information disclosure obligations, ensuring transparency and timely communication with shareholders through designated media outlets[124] - The company maintains complete independence in assets, personnel, finance, institutions, and business operations from its controlling shareholders and actual controllers[125] - The company has established effective communication channels with investors, including dedicated hotlines and interactive platforms[124] - The company has no related party transactions that could lead to unfair competition or conflicts of interest[131] - The company has a clear strategy for maintaining operational independence and protecting the interests of minority investors[125] - The company has not reported any significant discrepancies in governance compared to regulations set by the China Securities Regulatory Commission[124] - The company has established a performance evaluation system linked to the annual operating plan and targets for senior management remuneration[147] Employee and Talent Management - The total number of employees at the end of the reporting period was 371, with 122 in the parent company and 249 in major subsidiaries[160] - The professional composition included 181 production staff, 38 sales personnel, 90 technical staff, 18 financial staff, and 44 administrative staff[161] - The educational background of employees consisted of 4 with master's degrees, 88 with bachelor's degrees, 101 with associate degrees, and 178 with high school or lower education[161] - The company has established a mechanism for employee salary adjustments in line with economic performance, ensuring continuous growth opportunities for employees[177] - The company emphasizes talent development and will implement incentive measures to attract and retain skilled personnel[112] Risk Management - The internal control and risk management system operated effectively during the reporting period, with no significant risk events occurring[166] - The company has established a comprehensive risk reporting mechanism, including monthly risk warning reports and quarterly risk management reports[166] - The company enhanced risk control measures to stabilize cash flow and reduce the likelihood of bad debts from economically impacted clients[59] - The company has not encountered any major internal control deficiencies during the reporting period[170] - The company’s financial report showed no significant or important deficiencies in internal controls[170] - The company emphasizes compliance and risk prevention in its internal control objectives[166] Sustainability and Environmental Initiatives - The company has received ISO14000 certification for its environmental management system, demonstrating its commitment to sustainable practices[178] - The company has implemented energy efficiency measures, resulting in reduced energy consumption and carbon emissions, thereby lowering operational costs[178] - The company actively collaborates with third parties to install distributed solar energy systems, utilizing clean energy sources[180] Future Outlook - The company has outlined its future outlook with a focus on sustainable growth and innovation[143] - The company is actively pursuing strategic acquisitions to enhance its competitive position[143] - The company is committed to improving operational efficiency and financial performance in the upcoming fiscal year[143] - The company plans to retain profits to support its ongoing operational needs and strategic goals, rather than distributing them to shareholders[168]

证券代码： 002451 证券简称：摩恩电气 编号：2017-001 上海摩恩电气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 □分析师会议 | | | | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及人员姓名 | 招商证券：董瑞斌、许荣聪、陈曦 | | | | | 申万菱信基金：任琳娜、林博程 国泰君安：刘欣琦 | | | | 通泉资产：庄莹莹 华西集团：张胜勇 | | | | 兴业基金：应晋帅 农银汇理：韩颖 | | | | 华安基金：梁艳萍 国投瑞银：伍智勇 | | | | 国泰基金：王琳 华安基金：苏广宁 | | | | 中泰证券：傅鑫 细水投资：刘伟 | | | | ...

证券代码：002451 证券简称：摩恩电气 编号：2019-001 2019 年 5 月 15 日投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 √业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 股民及网民 | | | 人员姓名 | | | | 时间 | 2019 年 5 月 15 | 日（星期三） 15：00-17：00 | | 地点 | 上海 | | | | 公司董事长：朱志兰女士； | | | 上市公司接待人 | 董事会秘书：张勰先生； | | | 员姓名 | 财务总监：王文平先生； | | | | 独立董事：袁树民先生； | | | 投资者关系活动 | 公司于 2019 | 15 ...

Financial Performance - The company's revenue for Q3 2022 was ¥271,385,679.71, a decrease of 28.26% compared to the same period last year[4] - Net profit attributable to shareholders was ¥5,490,412.16, an increase of 35.83% year-on-year[4] - The basic earnings per share for Q3 2022 was ¥0.0125, reflecting a growth of 35.88% compared to the previous year[4] - Total operating revenue for Q3 2022 was ¥812,150,237.14, a decrease of 2.3% from ¥833,343,974.53 in Q3 2021[20] - Net profit for Q3 2022 was ¥12,032,631.36, an increase of 24.5% compared to ¥9,660,514.73 in Q3 2021[21] - Total comprehensive income for Q3 2022 was ¥16,386,263.80, compared to ¥9,660,514.73 in Q3 2021, representing a significant increase of 69.5%[22] Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥1,523,118,326.99, an increase of 8.01% from the end of the previous year[4] - Total current assets reached ¥990,956,019.11, up from ¥873,091,181.21, reflecting a growth of about 13.5%[17] - Total liabilities increased to ¥688,507,374.25 from ¥574,123,276.91, marking a rise of 19.9%[19] - Total equity attributable to shareholders decreased slightly to ¥732,703,346.08 from ¥744,573,305.34, a decline of 1.1%[19] Cash Flow - Cash flow from operating activities showed a net outflow of ¥105,314,973.55, which is a 44.62% increase in outflow compared to the previous year[4] - Cash flow from operating activities increased to ¥693,801,031.42 from ¥633,834,479.24, showing a growth of 9.5%[24] - The net cash flow from operating activities was -105,314,973.55 CNY, compared to -190,168,231.98 CNY in the previous year, indicating an improvement[25] - The company reported a total cash outflow from operating activities of 844,916,459.25 CNY, compared to 1,029,649,170.65 CNY in the same period last year[25] Investments and Expenses - The company reported a significant reduction in management expenses by 44.87% to ¥15,275,425.85, attributed to cost control measures[9] - Research and development expenses for Q3 2022 were ¥9,998,498.46, compared to ¥9,653,980.98 in Q3 2021, indicating a slight increase of 3.6%[20] - Cash outflow from investment activities was 29,346,381.08 CNY, compared to 16,841,922.12 CNY in the previous year, indicating increased investment spending[25] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 37,655[11] - The largest shareholder, Wen Zehong, holds 38.23% of the shares, totaling 167,896,000 shares, with 45,000,000 shares pledged[11] Government Support and Certifications - The company received government subsidies amounting to ¥1,056,869.57 during the reporting period, contributing to its financial performance[6] - The company received a Railway Product Certification, allowing certain products to enter the market, which is expected to enhance sales in the rail transportation sector[14] - The company has plans for market expansion in the rail transportation sector following the certification, which may lead to increased revenue from new contracts[14] Receivables and Financing - The company’s receivables financing increased by 110.20% to ¥30,868,295.55, indicating improved cash collection efforts[8] - Accounts receivable increased to ¥500,811,120.27 from ¥400,073,103.60, indicating a growth of approximately 25%[16] - The company has a short-term loan of ¥413,000,000.00, up from ¥354,050,454.17, indicating a rise of about 16.5%[17]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥540,764,557.43, representing an increase of 18.83% compared to ¥455,077,975.11 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥5,176,260.10, up 24.45% from ¥4,159,260.22 year-on-year[22]. - The net profit after deducting non-recurring gains and losses decreased by 41.56%, amounting to ¥265,200.94 compared to ¥453,781.26 in the previous year[22]. - The cash flow from operating activities showed a significant decline, with a net outflow of ¥89,606,427.40, worsening by 313.33% from a net outflow of ¥21,678,973.72 in the same period last year[22]. - Basic earnings per share increased by 24.21% to ¥0.0118 from ¥0.0095 in the same period last year[22]. - The company's total revenue for the reporting period was ¥540,764,557.43, representing an increase of 18.83% compared to ¥455,077,975.11 in the previous year[52]. - The company's net profit attributable to shareholders decreased by 41.56% to ¥265,200.94, largely due to reduced order volumes and revenue declines in the parent company[54]. - The company achieved a net increase in cash and cash equivalents of ¥36,928,274.36, a 258.68% improvement, primarily due to increased bank loans in the cable sector[52]. - The company reported a total comprehensive income of ¥10,010,307.07 for the first half of 2022, compared to ¥4,253,386.09 in the same period of 2021, indicating a significant increase[158]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,542,909,357.91, an increase of 9.41% from ¥1,410,181,865.06 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company decreased by 2.09%, totaling ¥729,021,875.67 compared to ¥744,573,305.34 at the end of the previous year[22]. - Total liabilities amounted to CNY 714,511,816.65, up from CNY 574,123,276.91, which is an increase of approximately 24.5%[151]. - The company's total current assets reached CNY 1,015,270,555.71, up from CNY 873,091,181.21 at the start of the year, indicating a growth of about 16.3%[149]. - The company's inventory as of June 30, 2022, was CNY 181,519,499.64, compared to CNY 145,567,467.47 at the beginning of the year, marking an increase of around 24.7%[149]. - Short-term borrowings increased to CNY 410,000,000.00 from CNY 354,050,454.17, reflecting a rise of approximately 15.8%[150]. Market and Industry Context - The company operates in the wire and cable industry, which is the second largest supporting industry in China's machinery sector, with steady annual growth in overall industry output value[30]. - In the first half of 2022, national power investment reached 215.8 billion yuan, a year-on-year increase of 14.0%, with solar power investment surging by 283.6% to 63.1 billion yuan[31]. - The installed capacity of national power generation reached approximately 2.44 billion kilowatts, growing by 8.1% year-on-year, with wind and solar power capacities increasing by 17.2% and 25.8%, respectively[31]. - The company operates in the electrical machinery and equipment manufacturing industry, benefiting from favorable new energy policies[76]. - The company’s performance was positively impacted by the sustained growth in the downstream industry of electromagnetic wire[76]. Subsidiary Performance - The company’s subsidiary, Jiangsu Xunda Electric, achieved a revenue of 300 million CNY, a significant increase of 124% year-on-year, contributing over 50% to the company's total revenue[41][47]. - Jiangsu Xunda Electric is entering the mid-to-high-end electromagnetic wire market, offering over 100 products for sectors like new energy vehicles and nuclear power[37]. - The total assets of Jiangsu Xunda Electric are approximately 329.9 million yuan, with net assets of about 202.8 million yuan[75]. Research and Development - Research and development expenses increased by 50.35% to ¥7,795,648.92, reflecting the company's commitment to enhancing its R&D capabilities[52]. - The company aims to achieve technological breakthroughs in green energy product lines, particularly in electric motors for new energy vehicles and wind power[37]. - The company has established a comprehensive product R&D and quality management system, recognized as a Shanghai Enterprise Technology Center[48]. Risk Management - The company has outlined various risks and corresponding countermeasures in the report, ensuring transparency regarding potential challenges[4]. - The company faces risks from raw material price fluctuations, particularly copper, which has a high cost proportion in its cable and electromagnetic wire segments[78]. - The cable industry in China has a low concentration with a CR10 of approximately 18%, leading to intense competition and potential impacts on profitability[78]. - The company has established internal control and audit mechanisms to enhance risk identification and prevention in its commercial factoring business[80]. Corporate Governance - The company has not reported any significant changes in accounting policies compared to the previous reporting period[74]. - The company has not reported any significant changes in its board or management personnel during the reporting period[88]. - The financial statements were approved by the board of directors on August 23, 2022[198]. Shareholder Information - The controlling shareholder, Mr. Wen Zehong, has pledged 45 million shares, accounting for 26.8% of his holdings and 10.25% of the company's total share capital[124]. - The largest shareholder, Mr. Wen Zehong, holds 38.23% of the shares, totaling 167,896,000 ordinary shares[136]. - The total number of ordinary shares at the end of the reporting period was 49,803,000[136]. Future Outlook - The company plans to continue reducing losses in its financial sector while expanding its core business in special cables and enhancing market competitiveness[54]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[159].

Financial Performance - The company's operating revenue for Q1 2022 was ¥256,341,613.16, representing a 53.45% increase compared to ¥167,047,155.73 in the same period last year[2] - Net profit attributable to shareholders was ¥9,671,702.26, a significant increase of 264.61% from ¥2,652,607.21 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥6,308,235.84, up 167.30% from ¥2,359,979.59 in the previous year[2] - The company's basic and diluted earnings per share both increased to ¥0.0220, a rise of 266.67% from ¥0.0060 in the same period last year[2] - Operating profit for Q1 2022 was ¥9,936,608.95, up from ¥3,364,897.35 in the same period last year, reflecting a growth of 195.5%[23] - Net profit for Q1 2022 was ¥9,814,621.73, compared to ¥2,559,685.29 in Q1 2021, representing an increase of 284.5%[23] - The company reported a total operating cost of ¥248,020,316.25, which is an increase from ¥162,734,683.81 in the previous year, representing a rise of 52.3%[22] Research and Development - Research and development expenses surged by 740.28% to ¥7,272,158.21, reflecting increased investment in R&D projects[8] - Research and development expenses for Q1 2022 were ¥7,272,158.21, significantly higher than ¥865,440.13 in Q1 2021, marking an increase of 740.5%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,402,431,002.70, a slight decrease of 0.55% from ¥1,410,181,865.06 at the end of the previous year[2] - The company's total assets amounted to ¥1,402,431,002.70, slightly down from ¥1,410,181,865.06 at the end of the previous quarter[19] - Total liabilities decreased to ¥548,967,267.82 from ¥574,123,276.91, indicating a reduction of 4.4%[19] - The total equity of the company increased to ¥853,463,734.88 from ¥836,058,588.15, showing a growth of 2.1%[19] Cash Flow - The cash flow from operating activities showed improvement, with a net outflow of ¥17,591,404.98, a 68.65% reduction compared to a net outflow of ¥56,115,722.85 in the same period last year[2] - The total cash inflow from operating activities was approximately $270.31 million, an increase of 30% compared to $207.82 million in the previous period[27] - The net cash flow from operating activities was -$17.59 million, an improvement from -$56.12 million in the previous period[27] - The cash inflow from financing activities was $19.19 million, a significant decrease from $61.56 million in the previous period[28] - The ending balance of cash and cash equivalents was $12.49 million, down from $27.10 million in the previous period[28] Shareholder Information - The company had a total of 30,457 common shareholders at the end of the reporting period[10] Financial Assistance and Loans - The company plans to provide a guarantee of up to RMB 30 million for its subsidiary Jiangsu Xunda Electric Material Co., Ltd. to support its operational development[13] - The company has approved a financial assistance of up to RMB 50 million to Jiangsu Xunda Electric Material Co., Ltd. for its electromagnetic wire business, with a loan term of 12 months[14] - The company is applying for a working capital loan of RMB 115 million, using its properties as collateral[14] Inventory and Receivables - Accounts receivable increased slightly from RMB 400,073,103.60 at the beginning of the year to RMB 401,813,089.37 at the end of the quarter, reflecting a growth of about 0.4%[17] - Inventory increased significantly from RMB 145,567,467.47 at the beginning of the year to RMB 188,013,310.16 at the end of the quarter, representing an increase of approximately 28.9%[17] Management Changes - The company appointed Huang Shengzhi as the new board secretary, effective immediately[13] Audit Information - The company did not conduct an audit for the first quarter report[29]