Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,170,257,670.61, representing a 30.33% increase compared to ¥1,665,198,486.77 in the same period last year[30]. - The net profit attributable to shareholders was ¥298,797,403.14, a 46.39% increase from ¥204,112,352.80 year-on-year[30]. - The basic earnings per share rose to ¥0.3586, up 44.48% from ¥0.2482 in the previous year[30]. - The company reported a net cash flow from operating activities of ¥125,649,824.90, a 4.64% increase from ¥120,077,452.57 in the previous year[30]. - The weighted average return on equity increased to 6.72%, up from 5.15% in the previous year[30]. - The company reported a significant decrease in net cash increase of 99.06%, totaling ¥2,134,406.89 compared to ¥226,816,207.71 in the previous year[50]. - The revenue from electronic components accounted for 93.75% of total operating revenue, amounting to ¥2,034,639,336.41, up 30.99% year-over-year[50]. - Domestic sales contributed 70.76% of total revenue, totaling ¥1,535,753,267.73, while international sales increased by 41.29% to ¥634,504,402.88, representing 29.24% of total revenue[50]. - The gross profit margin for electronic components decreased by 9.20% to 25.84% compared to the previous year[53]. - The company reported a net profit for the first half of 2022 of ¥299,047,553.05, representing a 43.8% increase from ¥207,861,843.14 in the first half of 2021[186]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,012,771,607.29, reflecting a 7.90% increase from ¥5,572,767,242.65 at the end of the previous year[30]. - The total financial assets amounted to 169,449.50 million, an increase from 155,063.96 million, reflecting a change of 9.00%[62]. - The total liabilities amounted to CNY 1,490,452,964.16, compared to CNY 1,237,673,648.96, which is an increase of approximately 20.4%[176]. - The company's equity attributable to shareholders increased to CNY 4,485,642,814.91 from CNY 4,300,667,915.38, showing a growth of about 4.3%[176]. - Current assets totaled CNY 3,539,218,280.88, up from CNY 3,265,939,260.10, indicating an increase of about 8.4%[172]. - Total liabilities rose to ¥775,254,628.62, an increase of 53.0% from ¥506,699,711.10 in the previous year[182]. Research and Development - The company aims to strengthen its R&D in high-end capacitors for growth sectors like smart manufacturing, new energy, and electric vehicles[5]. - Research and development expenses increased by 5.37% to ¥100,367,313.28 from ¥95,255,369.92, indicating a continued investment in innovation[50]. - The company secured 34 patents in the first half of 2022, including 6 invention patents, and received funding for a key technology project related to high-reliability aluminum electrolytic capacitors[43]. - The company is committed to continuous R&D investment, which has led to the development of a robust technology and product portfolio with independent intellectual property rights[46]. Market Strategy - The company plans to enhance its focus on high-tech new products such as MLPC, LIC, and solid-liquid hybrid capacitors to boost exports[5]. - The company will leverage its production base in Japan to mitigate U.S. tariffs while expanding domestic sales[5]. - The company has established a strong global marketing network and long-term partnerships with well-known brands, enhancing customer satisfaction and loyalty[46]. - The company is involved in multiple strategic alliances with international partners to enhance its technology and market position in high-performance capacitors[46]. - The company has made significant progress in expanding its market share in strategic sectors, with a focus on project implementation and market development[39]. Corporate Governance - The company did not distribute cash dividends or issue bonus shares for this reporting period[7]. - The company held its annual general meeting on April 15, 2022, with a participation rate of 36.03%[84]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[84]. - The company has not implemented any employee stock ownership plans or other employee incentive measures during the reporting period[99]. - The company has not experienced any major lawsuits or arbitration matters during the reporting period[111]. Social Responsibility and Compliance - The company is committed to enhancing its social responsibility and will continue to disclose its social responsibility reports[103]. - The company has increased investments in local infrastructure and actively participates in charity and disaster relief activities[103]. - There were no significant environmental penalties or violations reported during the reporting period[102]. - The company has not engaged in any major related party transactions during the reporting period[113]. Shareholder Information - The total number of shares increased from 830,420,936 to 835,869,811 due to the implementation of the stock option incentive plan, resulting in an increase of 5,448,875 shares[140]. - The largest shareholder, Yiwei Investment Co., Ltd., holds 29.80% of the shares, totaling 249,121,000 shares[145]. - The total number of shareholders at the end of the reporting period was 15,348, with a total of 5% or more shareholders being reported[145]. - The company has a diverse shareholder base, with significant holdings from various investment funds and individual investors[150]. - The total number of shares held by the top ten unrestricted shareholders represents approximately 30% of the total shares outstanding[150].

Revenue and Profit - Revenue for Q1 2022 reached ¥981,488,756.60, an increase of 31.20% compared to ¥748,067,102.40 in the same period last year[3] - Net profit attributable to shareholders was ¥117,538,922.33, up 42.23% from ¥82,639,454.12 year-on-year[3] - Basic earnings per share increased to ¥0.1415, reflecting a growth of 40.80% from ¥0.1005 in the previous year[3] - Total operating revenue for the current period reached ¥981,488,756.60, a 31.1% increase from ¥748,067,102.40 in the previous period[24] - Net profit for the current period was ¥117,271,800.21, representing a 39.0% increase compared to ¥84,389,471.71 in the previous period[27] - Basic earnings per share increased to ¥0.1415 from ¥0.1005, reflecting a growth of 40.0%[36] - The total comprehensive income for the current period was ¥92,436,660.63, up from ¥79,014,178.88 in the previous period, reflecting a growth of 16.5%[34] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥5,780,671,971.49, a 3.73% increase from ¥5,572,767,242.65 at the end of the previous year[3] - Total current assets increased to RMB 3,372,134,642.34 from RMB 3,265,939,260.10 at the beginning of the year, reflecting a growth of approximately 3.25%[17] - The company's inventory at the end of the reporting period was RMB 939,586,320.10, up from RMB 852,572,004.00 at the beginning of the year, indicating an increase of about 10.21%[17] - Total liabilities increased to RMB 1,197,752,929.91 from RMB 1,093,795,044.53, representing an increase of approximately 9.49%[20] - The total liabilities increased to ¥1,349,756,103.36 from ¥1,237,673,648.96, marking an increase of 9.0%[22] - The company's long-term borrowings rose to RMB 36,375,500.00 from RMB 22,166,000.00, marking an increase of about 64.06%[20] Cash Flow - Cash flow from operating activities decreased by 9.67% to ¥87,769,767.06 from ¥97,164,612.22 in the same period last year[3] - Cash inflow from operating activities totaled $767,101,782.21, up 32.2% from $580,592,591.30[41] - Cash outflow from operating activities increased to $679,332,015.15, compared to $483,427,979.08, reflecting a rise of 40.5%[41] - The net cash flow from financing activities increased significantly by 1091.40%, amounting to an increase of ¥67,568,506.81 due to increased borrowings[9] - The net cash flow from financing activities was $73,759,473.76, up from $6,190,966.95, indicating a growth of 1,087.5%[44] - The cash and cash equivalents at the end of the period stood at $649,261,525.47, down from $1,028,680,155.34[44] Operating Costs and Expenses - The company reported a 35.73% increase in operating costs, amounting to an increase of ¥193,543,116.12 due to higher sales volume[6] - Total operating costs amounted to ¥848,419,572.50, up 29.8% from ¥653,659,868.88 in the prior period[24] - Financial expenses surged by 903.17%, increasing by ¥2,489,029.92, primarily due to increased exchange losses[6] - Research and development expenses for the current period were ¥47,348,323.08, compared to ¥44,907,822.75 in the previous period, showing a growth of 5.4%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,337, with the largest shareholder, Yiwei Investment Co., holding 31.07% of shares, equating to 259,584,000 shares[10] - The number of priority shareholders is not specified, but the top ten priority shareholders hold a total of 2.28% to 1.51% of shares each[14] Other Information - The company has not disclosed any new strategies or future outlook in the provided documents[19] - Other comprehensive income after tax for the current period was -¥24,835,139.58, compared to -¥5,375,292.83 in the previous period[30] - The company experienced a negative impact of -$8,244,785.72 from exchange rate fluctuations on cash and cash equivalents[44]

Financial Performance - The company's operating revenue for 2021 was CNY 3,549,683,268.85, representing a 34.71% increase compared to CNY 2,635,045,312.40 in 2020[28]. - The net profit attributable to shareholders for 2021 was CNY 434,923,029.42, which is a 16.66% increase from CNY 372,810,676.22 in 2020[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 411,804,129.16, up 42.06% from CNY 289,876,258.44 in 2020[28]. - The basic earnings per share for 2021 was CNY 0.5266, reflecting a 15.58% increase from CNY 0.4556 in 2020[28]. - The company reported a net cash flow from operating activities of CNY 310,825,301.16, an increase of 8.63% from CNY 286,134,268.62 in 2020[28]. - The weighted average return on net assets for 2021 was 10.61%, up from 10.19% in 2020[28]. - Quarterly revenue for Q4 reached ¥966,890,061.04, with a total annual revenue growth driven by strong demand in the passive components industry[34]. - Net profit attributable to shareholders for Q4 was ¥108,551,755.29, with a total of ¥425,022,129.42 for the year, indicating stable profitability despite cost pressures[34]. Research and Development - The company is increasing its R&D and production of core materials to counteract rising raw material costs and shipping expenses[5]. - A total of 70 patents were authorized in 2021, including 22 invention patents, showcasing the company's commitment to innovation[52]. - The company has invested in R&D, establishing a national postdoctoral research station and a provincial engineering technology research center, enhancing its technological innovation capabilities[60]. - The company plans to enhance product technology performance and engineering capabilities through ongoing R&D projects[74]. - Nantong Jianghai Capacitor Co., Ltd. is focusing on research and development of new capacitor technologies to meet increasing market demands[156]. - The company has allocated a budget of 50 million CNY for R&D in the next year to innovate and improve existing products[156]. Market Strategy - The company plans to increase the export of high-tech new products (MLPC, LIC, solid-liquid hybrid) to mitigate the impact of U.S. tariffs[5]. - The company aims to expand its domestic sales while leveraging its production base in Japan to avoid U.S. tariffs[5]. - The company has established a strong global marketing network, leading to long-term partnerships with numerous well-known domestic and international brands[60]. - The company aims to optimize its product structure and collaborate with electrode foil manufacturers to mitigate the impact of rising costs and supply challenges[50]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the electronics sector[156]. Financial Position and Investments - Total assets increased to ¥5,572,767,242.65, up 7.91% from ¥5,164,324,387.22[31]. - Net assets attributable to shareholders rose to ¥4,300,667,915.38, reflecting a 10.29% increase from ¥3,899,345,496.69[31]. - The company reported a significant asset impairment loss of ¥5,783,009.84, which accounted for -1.15% of total profit[82]. - The total committed investment for the supercapacitor industrialization project is CNY 80 million, with an investment progress of 73.37% as of the end of the reporting period[97]. - The high-voltage large-capacity film capacitor expansion project has a total committed investment of CNY 40 million, with an investment progress of 50.15%[97]. - The company has achieved a revenue growth in supercapacitors, particularly lithium-ion supercapacitors, with applications in vehicles, medical instruments, and new energy sectors[106]. Governance and Management - The company maintains a strong governance structure, ensuring compliance with relevant laws and regulations, with no major accounting errors reported during the period[115]. - The company operates independently from its controlling shareholders, with a complete and independent business system in place[116]. - Financial independence is emphasized, with a dedicated finance department and independent accounting practices established[119]. - The company has implemented a KPI performance evaluation system to enhance management efficiency and accountability[115]. - The company has established a robust internal control system, covering various aspects of financial management and compliance[119]. Employee and Shareholder Information - The total number of employees at the end of the reporting period is 3,868, with 1,257 in the parent company and 2,611 in major subsidiaries[173]. - The professional composition includes 2,559 production personnel, 166 sales personnel, 644 technical personnel, 67 financial personnel, 281 administrative personnel, and 151 others[176]. - The company reported a net profit attributable to shareholders of RMB 434,923,029.42 for the year 2021, with a total distributable profit of RMB 1,602,798,586.97[183]. - The cash dividend distribution plan proposes a cash dividend of RMB 1.20 per 10 shares (before tax), amounting to a total cash dividend of RMB 99,650,512.32[183]. - The company has not proposed any stock dividends for the reporting period, maintaining a focus on cash dividends[183]. Future Outlook - Future guidance suggests a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[156]. - The company aims to maintain a faster growth rate over the next three to five years, positioning itself as a key player in the global industry[106]. - Major expansion projects are planned over the next three years, aimed at increasing production capacity significantly[112].

Financial Performance - The company's operating revenue for Q3 2021 was ¥917,594,721.04, representing a 33.63% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥122,258,921.33, up 50.32% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥118,739,550.58, an increase of 58.47% compared to the previous year[3]. - The basic earnings per share for Q3 2021 was ¥0.1482, a 49.09% increase year-on-year[3]. - The company reported a 47.59% increase in operating revenue for the first nine months of 2021, totaling ¥2,582,793,207.81[6]. - Total operating revenue reached ¥2,582,793,207.81, an increase from ¥1,749,932,152.77, representing a growth of approximately 47.7% year-over-year[27]. - Net profit for the period was ¥331,588,713.62, compared to ¥227,336,319.74 in the previous year, indicating a growth of approximately 46%[30]. - Basic earnings per share increased to ¥0.3964 from ¥0.2699, marking a rise of about 47%[40]. - Total comprehensive income for the period was ¥338,569,210.06, up from ¥226,653,654.26, reflecting a growth of about 49.3%[33]. Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥5,503,153,674.46, reflecting a 6.56% increase from the end of the previous year[3]. - As of September 30, 2021, the total current assets amounted to CNY 3,300,316,051.96, an increase from CNY 3,096,817,472.24 as of December 31, 2020, representing a growth of approximately 6.5%[19]. - The total assets reached CNY 5,503,153,674.46, up from CNY 5,164,324,387.22, indicating an increase of about 6.6% year-over-year[21]. - Total liabilities amounted to CNY 1,315,776,100.32, compared to CNY 1,219,034,546.18, reflecting an increase of about 7.9%[25]. - The company's equity attributable to shareholders reached CNY 4,153,186,646.44, up from CNY 3,899,345,496.69, indicating a growth of approximately 6.5%[25]. - The non-current assets totaled CNY 2,202,837,622.50, an increase from CNY 2,067,506,914.98, representing a growth of about 6.5%[21]. - Short-term borrowings increased to CNY 223,607,836.72 from CNY 189,479,441.86, reflecting a rise of approximately 18%[21]. - The company reported a total of 1,173,444,179.19 in current liabilities, compared to 1,083,397,370.01, indicating an increase of about 8.3%[21]. Cash Flow - The cash flow from operating activities for the first nine months of 2021 was ¥216,505,440.05, showing a decrease of 5.43% compared to the previous year[3]. - The company achieved cash inflow from operating activities totaling ¥1,671,898,913.93, compared to ¥1,033,912,463.05 in the previous year, representing an increase of approximately 61.7%[42]. - Cash flow from operating activities generated ¥216,505,440.05, slightly down from ¥228,939,342.38 in the same period last year[42]. - Net cash flow from financing activities increased by 74% compared to the previous year, primarily due to reduced debt repayments[10]. - Net cash flow from investing activities was -$144.22 million, compared to -$90.89 million in the previous period[48]. - Net cash flow from financing activities was -$15.37 million, an improvement from -$59.10 million year-over-year[48]. - Cash and cash equivalents increased by $44.91 million, compared to an increase of $65.22 million in the previous period[48]. - The ending balance of cash and cash equivalents was $734.12 million, up from $543.54 million year-over-year[48]. - The company received $30.52 million from investment cash inflows, compared to $22.60 million previously[48]. - Total cash inflows from financing activities amounted to $198.08 million, compared to $187.48 million in the previous period[48]. - Cash outflows for debt repayment were $105.00 million, down from $160.00 million year-over-year[48]. Expenses - Total operating costs amounted to ¥2,203,587,051.91, up from ¥1,514,074,952.95, reflecting a year-over-year increase of about 45.5%[27]. - Research and development expenses rose to ¥141,029,008.58, compared to ¥111,219,496.31, an increase of approximately 26.8%[30]. - Sales expenses decreased to ¥52,900,962.68 from ¥70,236,639.83, a reduction of about 24.7%[30]. Other Information - The company experienced a 92.09% increase in prepayments compared to the beginning of the year, primarily due to expansion and production needs[6]. - The company's investment income for the first nine months of 2021 increased by 274.87%, amounting to ¥9,368,433.90[9]. - The company reported investment income of ¥9,334,539.27, significantly higher than ¥2,490,105.37 from the previous year, indicating a growth of approximately 274%[30]. - The company did not apply the new leasing standards for the financial statements starting from 2021[49]. - The third quarter report was not audited[49].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,665,198,486.77, representing a 56.61% increase compared to CNY 1,063,288,804.87 in the same period last year[25]. - The net profit attributable to shareholders was CNY 204,112,352.80, up 46.49% from CNY 139,332,767.36 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was CNY 195,323,904.53, reflecting a 56.64% increase compared to CNY 124,695,703.86 in the previous year[25]. - The basic earnings per share increased to CNY 0.2482, a rise of 45.57% from CNY 0.1705 in the same period last year[25]. - Total revenue for the reporting period reached ¥1,665,198,486.77, representing a year-on-year increase of 56.61%[44]. - Revenue from electronic components was ¥1,553,230,975.32, accounting for 93.28% of total revenue, with a growth of 62.06% compared to the previous year[44]. - The total comprehensive income for the first half of 2021 was CNY 127,435,057.56, up from CNY 124,757,102.63 in the first half of 2020, reflecting a growth of about 2.02%[184]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,282,950,830.75, a 2.30% increase from CNY 5,164,324,387.22 at the end of the previous year[25]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥974,260,665.88, representing 18.44% of total assets[52]. - As of June 30, 2021, total current assets amounted to approximately CNY 3.15 billion, an increase of 1.7% from CNY 3.10 billion as of December 31, 2020[153]. - The company's equity attributable to shareholders increased to approximately CNY 4.02 billion from CNY 3.90 billion, reflecting a growth of 3.1%[159]. - The total liabilities were CNY 569,704,713.67, slightly up from CNY 565,495,702.25 in the previous period[176]. Cash Flow - The company reported a net cash flow from operating activities of CNY 120,077,452.57, down 26.39% from CNY 163,135,433.98 in the same period last year[25]. - Cash flow from operating activities generated CNY 120,077,452.57, down from CNY 163,135,433.98 in the previous year, showing a decrease of approximately 26.38%[189]. - The company reported a net increase in cash flow from investment activities of CNY 202,430,196.86, contrasting with a net outflow of CNY 50,731,525.09 in the same period last year[191]. - The total cash inflow from financing activities was CNY 67,745,661.56, down from CNY 87,475,981.85 in the previous year, indicating a decrease of about 22.49%[191]. Research and Development - The company has established a national postdoctoral research station and a provincial engineering technology research center, enhancing its R&D capabilities and fostering innovation[37]. - Research and development expenses increased by 37.28% to ¥95,255,369.92, attributed to the expansion of R&D projects[44]. - The company achieved significant progress in the development of aluminum electrolytic capacitors, film capacitors, and supercapacitors, capitalizing on the high industry demand[36]. Strategic Initiatives - The company plans to enhance its core material research and production capabilities to mitigate the impact of rising raw material costs and shipping expenses[5]. - The company aims to leverage internet platforms to minimize the adverse effects of the COVID-19 pandemic on technical and business communications[5]. - The company is focusing on the development of key materials for capacitors, which has strengthened its competitive edge in the market[39]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,264[127]. - The largest shareholder, Yiwai Investment Co., Ltd., holds 31.46% of the shares, totaling 259,584,000 shares[127]. - The total number of shares held by directors and senior management at the end of the period was 53,769,887, with a net increase of 1,192,000 shares[135]. Compliance and Governance - The company reported no preferred shares or bond-related issues during the reporting period, indicating a straightforward capital structure[140][144]. - The company has not engaged in any major related party transactions during the reporting period[94]. - The company reported no significant environmental penalties or violations during the reporting period, indicating compliance with environmental regulations[83].

Financial Performance - The company's operating revenue for Q1 2021 was ¥748,067,102.40, representing a 65.89% increase compared to ¥450,954,756.45 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 reached ¥82,639,454.12, a 100.71% increase from ¥41,172,701.77 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥76,557,772.03, marking a 120.62% increase from ¥34,701,514.69 year-on-year[8] - Basic earnings per share for Q1 2021 were ¥0.1005, a 99.40% increase compared to ¥0.0504 in the previous year[8] - Net profit for the current period was ¥84,389,471.71, representing a 77.5% increase from ¥47,523,880.54 in the previous period[61] Cash Flow - The net cash flow from operating activities was ¥97,164,612.22, up 19.84% from ¥81,081,424.51 in the same quarter last year[8] - Net cash flow from operating activities increased to ¥69,867,795.36, up from ¥37,953,953.26, representing an increase of approximately 84% year-over-year[80] - Cash inflow from operating activities totaled ¥333,700,560.12, compared to ¥296,177,832.14 in the previous period, marking an increase of about 12.7%[80] - The company’s cash flow from financing activities decreased by ¥21,039,477.63, a decline of 77.26% year-over-year, attributed to the unavailability of funds from warrant exercises[23] - The net cash flow from financing activities was ¥6,190,966.95, a decline from ¥27,230,444.58, representing a decrease of approximately 77%[79] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,305,884,513.12, reflecting a 2.74% increase from ¥5,164,324,387.22 at the end of the previous year[8] - Total current assets as of March 31, 2021, amounted to CNY 3,215,464,628.27, an increase from CNY 3,096,817,472.24 as of December 31, 2020, representing a growth of approximately 3.8%[38] - Total liabilities increased to CNY 1,267,066,743.55 from CNY 1,219,034,546.18, reflecting an increase of approximately 4.0%[44] - The total liabilities decreased to ¥548,926,552.44 from ¥565,495,702.25 in the previous period, reflecting improved financial stability[54] Research and Development - R&D expenses increased by ¥13,050,817.48, a growth of 40.97% year-over-year, reflecting the company's increased investment in research and development[19] - Research and development expenses increased to ¥44,907,822.75, up 40.9% from ¥31,857,005.27 in the previous period, indicating a focus on innovation[59] Market Strategy - The company reported a significant increase in user data, with a notable rise in customer engagement and product demand[8] - The company is focusing on market expansion and new product development strategies to sustain growth in the upcoming quarters[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[50] Investment Performance - The company reported a significant increase in investment income of ¥3,405,364.16, a growth of 254.34% year-over-year, due to higher returns from long-term equity investments accounted for using the equity method[19] - The company reported an investment income of ¥2,066,443.51, a recovery from a loss of ¥1,338,920.65 in the previous period, indicating improved investment performance[59]

Financial Performance - The company's operating revenue for 2020 was CNY 2,635,045,312.40, representing a 24.12% increase compared to CNY 2,123,032,689.24 in 2019[28]. - The net profit attributable to shareholders for 2020 was CNY 372,810,676.22, a 54.95% increase from CNY 240,595,241.74 in 2019[28]. - The net cash flow from operating activities reached CNY 286,134,268.62, marking a significant increase of 180.82% compared to CNY 101,892,750.54 in 2019[28]. - The basic earnings per share for 2020 was CNY 0.4556, up 54.34% from CNY 0.2952 in 2019[28]. - The weighted average return on net assets for 2020 was 10.19%, an increase from 7.23% in 2019[28]. - Total revenue for 2020 reached CNY 2,635.05 million, a year-on-year increase of 24.12%[62]. - Net profit attributable to shareholders was CNY 372.81 million, up 54.95% compared to 2019[62]. - The company's net profit margin for 2020 was approximately 26.44%, indicating strong profitability relative to its revenue[124]. Market and Sales Strategy - The company plans to expand its domestic market sales while increasing the export of high-tech new products to mitigate the negative impact of U.S. tariffs[5]. - The company is focusing on increasing the proportion of self-produced core materials, especially high-end materials, to counteract rising raw material costs and international shipping fees[5]. - The company aims to leverage internet platforms and video conferencing to minimize the adverse effects of the COVID-19 pandemic on technical and business communications[5]. - The electronic components segment accounted for 91.44% of total revenue, with a year-on-year growth of 28.45%[64]. - Domestic sales accounted for ¥1,807,055,792.07, representing a 20.30% increase year-on-year, while foreign sales were ¥804,790,703.71, up 33.86%[68]. Research and Development - The company is committed to enhancing its research and development capabilities for new products and technologies to drive future growth[5]. - A total of 71 patents were granted in 2020, including 2 invention patents, showcasing the company's commitment to innovation[52]. - Research and development expenses increased by 23.65% to ¥154,435,984.22, indicating a commitment to enhancing product technology and market competitiveness[79]. - The number of R&D personnel rose by 12.32% to 611 in 2020, compared to 544 in 2019[81]. Investments and Acquisitions - The acquisition of Hitachi Chemical's capacitor business was completed in June 2020, enhancing the company's R&D and manufacturing capabilities[43]. - The company acquired AIC Tech Inc. on May 31, 2020, for ¥29,604,619.10, gaining 100% ownership and contributing ¥236,508,506.36 to revenue[73]. - Investment in the Hubei Haicheng small capacitor project totaled ¥270 million, expected to generate output capacity of ¥450 million[44]. - The company has established strategic alliances with international partners to enhance technology and market reach[58]. Cash Flow and Assets - Cash and cash equivalents rose by CNY 203.15 million, up 36.59%, attributed to increased sales collection efforts[53]. - Inventory increased by CNY 216.80 million, a rise of 46.43%, reflecting the need to stock up due to business growth[53]. - The company reported a net increase in cash and cash equivalents of ¥210,897,175.48, a 571.62% increase from ¥31,401,370.91 in 2019[85]. - Total assets increased to ¥5,164,324,387.22, up 14.74% from ¥4,500,961,413.32[31]. Dividend Policy - A cash dividend of CNY 1.2 per 10 shares (including tax) is proposed, based on a total of 821,407,419 shares[6]. - The cash dividend for 2020 is set at RMB 1.2 per 10 shares, totaling RMB 98,568,890.28, which is 100% of the total profit distribution[125]. - The company has maintained a consistent cash dividend policy over the past three years, with dividends of RMB 0.8 per 10 shares in 2018 and 2019, and an increase to RMB 1.2 in 2020[120]. Corporate Governance and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period[138]. - There were no penalties or rectification measures imposed on the company during the reporting period[139]. - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[132]. - There were no changes in the scope of consolidation compared to the previous year's financial report, except for the acquisition mentioned above[133]. Social Responsibility and Employee Welfare - The company aims to create value for stakeholders while actively fulfilling social responsibilities through green development and resource conservation[172]. - The company has established an employee incentive fund and conducts annual health check-ups for employees, demonstrating a commitment to employee well-being[172]. Shareholder Structure - The company has 25,731 shareholders, with the largest shareholder holding 31.60% of the shares[189]. - The controlling shareholder, Yiwei Investment Limited, is a foreign entity established on August 5, 2005, primarily engaged in investment activities[195]. - The actual controller of the company is also Yiwei Investment Limited, with no changes reported in the ownership structure[196].

Financial Performance - Operating revenue for the period reached ¥686,643,347.90, representing a year-on-year increase of 29.87%[8] - Net profit attributable to shareholders was ¥81,333,855.51, up 23.61% from the same period last year[8] - The company reported a basic earnings per share of ¥0.0994, an increase of 23.17% year-on-year[8] - The net profit attributable to shareholders increased by CNY 51,014,912.44, a rise of 30.07% year-on-year, driven by performance growth and changes in equity of a joint venture[22] - The net profit for the current period was ¥83,747,135.05, compared to ¥76,450,222.28 in the previous period, reflecting an increase of approximately 9.9%[66] - The total profit for the current period was ¥262,233,858.05, an increase of 12.7% from ¥232,604,279.68 in the previous period[85] Assets and Liabilities - Total assets increased to ¥4,788,003,874.22, a growth of 6.38% compared to the end of the previous year[8] - The company's net assets attributable to shareholders rose to ¥3,595,640,542.22, reflecting a 4.87% increase from the previous year[8] - Total current liabilities amounted to CNY 966,261,225.70, an increase of 14.87% from CNY 841,349,115.62[49] - The company's total liabilities reached CNY 1,027,964,637.88, up from CNY 904,088,838.13, indicating a growth of 13.73%[49] - Total non-current assets reached CNY 1,984,158,438.35, up from CNY 1,855,420,202.61, marking a growth of 6.93%[46] Cash Flow - The net cash flow from operating activities was ¥65,803,908.40, showing a significant increase of 116.58%[8] - Net cash flow from operating activities increased by CNY 168,767,341.77, a growth of 280.47% year-on-year, attributed to improved credit management with customers and suppliers[22] - Cash inflow from sales of goods and services was ¥979,039,775.61, compared to ¥825,587,520.43 in the previous period, indicating a growth of approximately 18.6%[94] - Operating cash flow from operating activities increased to ¥228,939,342.38, compared to ¥60,172,000.61 in the previous period, representing a significant improvement[94] Inventory and Receivables - Inventory increased by ¥143,501,672.90, a growth of 30.73%, due to the need to maintain stock for business growth[18] - Other receivables rose by ¥38,684,776.56, a 253.20% increase, primarily due to loans to AIC tech[18] - Accounts receivable rose to CNY 827,834,241.97, up 8.08% from CNY 766,166,292.56[43] - The total inventory was valued at CNY 466,932,377.28, suggesting effective inventory management practices[108] Financial Expenses - Financial expenses increased by CNY 25,426,460.69, a rise of 249.49% year-on-year, mainly due to exchange rate fluctuations and increased interest expenses[22] - Interest expenses rose by CNY 2,230,555.66, an increase of 92.68% year-on-year, primarily due to a new CNY 100 million loan from the Export-Import Bank[22] - The company reported a financial expense of ¥14,162,719.08, compared to a financial income of -¥7,064,864.14 in the previous period[71] Research and Development - Research and development expenses for the current period were ¥41,833,866.57, compared to ¥32,080,735.41 in the previous period, showing an increase of approximately 30.5%[64] - The company’s R&D expenses for the year-to-date period were ¥111,219,496.31, up 22.2% from ¥90,970,352.91 in the previous year[78] - Research and development expenses rose to ¥24,682,783.97, up 24.3% from ¥19,846,271.40 in the previous period[71] Comprehensive Income - The company's total comprehensive income for the current period was ¥81,909,579.62, compared to ¥86,535,023.16 in the previous period, indicating a decline of 5.4%[70] - The total comprehensive income attributable to the parent company was ¥219,983,957.39, compared to ¥185,751,575.59 in the previous period, marking an increase of 18.4%[85] - Other comprehensive income after tax decreased by CNY 16,782,530.64, a decline of 104.24% year-on-year, mainly due to changes in the market value of investments in Japan[22] Investment Projects - The investment progress for the supercapacitor project reached 60%, with monthly revenue exceeding CNY 20 million for two consecutive months[29] - The investment progress for the film capacitor project is at 26%, with production capacity utilization exceeding 90%[28] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies, although specific strategies were not detailed in the provided data[60]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,063,288,804.87, representing an increase of 11.26% compared to CNY 955,710,516.15 in the same period last year[22]. - The net profit attributable to shareholders was CNY 139,332,767.36, a growth of 34.17% from CNY 103,850,287.49 year-on-year[22]. - The net profit after deducting non-recurring gains and losses reached CNY 124,695,703.86, up 47.48% from CNY 84,550,653.39 in the previous year[22]. - The net cash flow from operating activities was CNY 163,135,433.98, a significant increase of 447.65% compared to CNY 29,788,423.32 in the same period last year[22]. - Basic earnings per share rose to CNY 0.1705, reflecting a 33.83% increase from CNY 0.1274 in the previous year[22]. - The company's operating revenue reached ¥1,063,288,804.87, an increase of 11.26% compared to ¥955,710,516.15 in the previous year[45]. - Operating profit for the first half of 2020 was ¥166,818,523.46, up 17.7% from ¥141,771,512.18 in the same period last year[187]. - Net profit attributable to shareholders of the parent company was ¥139,332,767.36, representing a 34.2% increase from ¥103,850,287.49 in the first half of 2019[187]. - The total operating costs for the first half of 2020 were ¥913,380,026.79, an increase of 9.4% from ¥834,868,055.30 in the first half of 2019[184]. - The company reported a net profit margin of approximately 13.5% for the first half of 2020, compared to 12.3% in the same period of 2019, indicating improved profitability[187]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,626,997,888.52, an increase of 2.80% from CNY 4,500,961,413.32 at the end of the previous year[22]. - The net assets attributable to shareholders increased to CNY 3,514,239,134.21, up 2.49% from CNY 3,428,815,556.80 at the end of the previous year[22]. - The total assets increased by ¥13,847,854.75, representing a growth of 14.75%, primarily due to investments made by the wholly-owned subsidiary Nantong Xinhai Power Electronics Co., Ltd.[33]. - The total amount of raised funds was ¥118,076.04 million, with ¥16,715.31 million invested during the reporting period[67]. - Total liabilities stood at CNY 2,678,563,077.44, with short-term borrowings at CNY 159,747,527.01, slightly down from CNY 160,096,678.24[168]. - Total liabilities increased to ¥950,773,339.73, up from ¥904,088,838.13, representing a growth of approximately 5.5%[171]. - Current liabilities totaled ¥888,504,081.09, an increase from ¥841,349,115.62, reflecting a rise of about 5.6%[171]. Investments and Acquisitions - The acquisition of Hitachi AIC is expected to mitigate the negative impact of tariffs on exports to the U.S. by establishing a local production base in Japan[6]. - The company successfully completed the acquisition of Hitachi's capacitor business, marking the launch of its first overseas R&D and production base[42]. - The company made a significant equity investment of ¥13,877,800.00 in Nantong Haimei Electronics Co., Ltd., acquiring a 50% stake[61]. - The cumulative investment in the supercapacitor industrialization project reached ¥47,798.59 million, achieving 59.75% of the planned investment[71]. - The high-capacity film capacitor expansion project received cumulative investment of ¥10,181.45 million, achieving 25.45% of the planned investment[71]. Research and Development - Research and development expenses increased by 17.82% to ¥69,385,629.74, up from ¥58,889,617.50, indicating ongoing investment in new product development[49]. - The company has established a high-end capacitor technology center in collaboration with Xi'an Jiaotong University, enhancing its research capabilities[38]. - The integration of three major types of capacitors has progressed well, maintaining a high capacity utilization rate and achieving positive results in new applications and customer development[42]. Operational Efficiency - The company reported a decrease in sales expenses to ¥44,141,272.56 from ¥41,135,824.32, indicating a more efficient cost management strategy[184]. - The company's gross profit margin for electronic components improved to 32.01%, up from 30.03% in the previous year, while the margin for electronic materials decreased to 16.61%[53]. - The company achieved a historical high in shipments of aluminum electrolytic capacitors, with strong orders for its flagship products[42]. Strategic Focus and Challenges - The company aims to leverage opportunities in strategic emerging industries such as 5G, new energy, and data centers to enhance its core competitiveness and revenue growth[6]. - The company faces risks related to the thin film capacitor and supercapacitor technology upgrade and expansion projects, which may not meet expected goals due to various factors[81]. - The company is addressing the negative impact of trade protectionism on exports to the U.S. by acquiring Hitachi AIC, establishing a production base in Japan[81]. - The company is responding to the uncertainties caused by the COVID-19 pandemic by leveraging its diverse product range and broad user applications[81]. Shareholder Information - The company reported a total share count of 818,295,426, with 93.67% being unrestricted shares[132]. - The company has 34,231 shareholders holding more than 5% of ordinary shares at the end of the reporting period[132]. - The company has not engaged in any related party transactions during the reporting period[104]. Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units as published by the environmental protection department[121]. - The company has no significant environmental protection issues reported during the period[121]. - The company has not reported any significant social responsibility initiatives related to poverty alleviation during the period[122].

南通江海电容器股份有限公司 2020 年第一季度报告全文 南通江海电容器股份有限公司 2020 年第一季度报告 2020 年 04 月 1 南通江海电容器股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈卫东、主管会计工作负责人王军及会计机构负责人(会计主管 人员)朱烨梅声明：保证季度报告中财务报表的真实、准确、完整。 2 南通江海电容器股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 | 本报 ...