Financial Performance - The company's operating revenue for 2019 was CNY 2,123,032,689.24, representing an increase of 8.28% compared to CNY 1,960,699,029.18 in 2018[27]. - The net profit attributable to shareholders for 2019 was CNY 240,595,241.74, a decrease of 1.20% from CNY 243,528,309.48 in 2018[27]. - The net cash flow from operating activities decreased by 47.36% to CNY 101,892,750.54 from CNY 193,577,417.51 in 2018[27]. - The total assets at the end of 2019 were CNY 4,500,961,413.32, an increase of 10.94% from CNY 4,056,943,699.00 at the end of 2018[30]. - The net assets attributable to shareholders increased by 5.54% to CNY 3,428,815,556.80 from CNY 3,248,959,271.19 in 2018[30]. - The basic earnings per share for 2019 was CNY 0.2952, a slight decrease of 1.20% from CNY 0.2988 in 2018[27]. - The weighted average return on net assets for 2019 was 7.23%, down from 7.67% in 2018[27]. - Total revenue for the year reached ¥2,224,032,688.44, with a year-on-year increase of 25.6%[33]. - Net profit attributable to shareholders was ¥240,595,241.74, representing a year-on-year growth of 36.5%[33]. - The company reported a net cash flow from operating activities of ¥102,512,750.54, up 29.8% compared to the previous year[33]. Investment and Expansion - The company plans to leverage opportunities from the new infrastructure initiatives introduced by the government to achieve its annual operational goals[6]. - The company is actively working on expanding its production capabilities in Japan through the acquisition of Hitachi AIC, which will help mitigate the impact of tariffs on exports to the U.S.[6]. - The company plans to expand its market presence and invest in new technologies to enhance product offerings and competitiveness[41]. - The company has permanently supplemented working capital with all remaining raised funds amounting to CNY 62.55 million as of December 31, 2015[92]. - The company raised CNY 1.2 billion through the issuance of 94,562,647 A shares at CNY 12.69 per share, with CNY 419.1 million and CNY 93.55 million allocated to the supercapacitor industrialization and high-capacity film capacitor expansion projects, respectively[92]. - The company has expanded its product range to include aluminum electrolytic capacitors, film capacitors, and supercapacitors, becoming one of the few companies globally with a complete product line and industrial chain[114]. - The company plans to maintain a faster growth rate over the next three to five years, aiming to become a significant player in the global industry[116]. Research and Development - The company filed 67 new patent applications and received 44 patent grants during the year, indicating strong R&D activity[52]. - The company is focusing on the development of supercapacitors, which are gaining traction in applications such as electric vehicles and renewable energy systems[41]. - The company's R&D expenditure reached ¥124,901,363.89, representing a 23.27% increase compared to the previous year, with R&D personnel increasing by 5.43% to 544[71]. - The company has reported a significant investment in new product development, with a focus on energy-saving technologies[173]. Cash Flow and Financial Management - The company's total cash and cash equivalents at year-end were 555,269,899.33 yuan, accounting for 12.34% of total assets, down from 13.68% at the beginning of the year[82]. - The net cash flow from investing activities decreased by 30.63% compared to the same period last year, primarily due to the recovery of idle funds and the expansion of production requiring fixed asset purchases[79]. - The net cash flow from financing activities increased by 185.41% year-on-year, mainly due to a loan of 100 million yuan from the Export-Import Bank and 50 million yuan in bank credit discounts from subsidiaries[79]. - The total cash inflow from investment activities increased by 65.76% to ¥1,876,432,342.68, while cash outflow rose by 50.31% to ¥2,026,365,446.00[78]. - The company has no overdue or unrecoverable amounts in its financial management or loan activities[162]. Shareholder Information - The total number of shares increased from 815,155,441 to 817,114,541, reflecting a change of 1,959,100 shares due to the exercise of stock options[184]. - The largest shareholder, Yiwai Investment Co., Ltd., holds 31.77% of the shares, totaling 259,584,000 shares[188]. - The second-largest shareholder, Zhu Xiang, holds 9.14% of the shares, totaling 74,673,746 shares, with a decrease of 100% in the reporting period[188]. - The company anticipates that the increase in shares due to stock option exercises will lead to a decrease in earnings per share and net assets per share[187]. - The total number of shareholders at the end of the reporting period was 26,667, with 40,604 ordinary shareholders reported previously[187]. Legal and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[128]. - There were no significant accounting errors that required restatement during the reporting period[130]. - The company has engaged Tianheng Accounting Firm for auditing services, with a fee of RMB 1,113,000, and has maintained this auditor for 12 consecutive years[132]. - The company has not faced any situations that could lead to suspension or termination of its listing status following the annual report disclosure[136]. - The company is currently involved in arbitration regarding a share transfer agreement valued at 180 million yuan, which is under review[178]. Social Responsibility - The company is committed to social responsibility, focusing on green development and resource conservation, with increased investment in environmental protection[174]. - The company has implemented a staff incentive fund and conducts annual health check-ups for employees, demonstrating its commitment to employee welfare[174]. - The company has engaged in community activities, including blood donation and charitable contributions, to foster social harmony[174].

Financial Performance - Operating revenue for the period was CNY 528,731,566.46, representing an 11.00% increase year-on-year[8] - Net profit attributable to shareholders decreased by 4.21% to CNY 65,801,422.94 compared to the same period last year[8] - Basic earnings per share decreased by 4.27% to CNY 0.0807[8] - The weighted average return on net assets was 2.02%, down by 6.48% compared to the previous year[8] - The company reported a decrease in net cash flow from operating activities, indicating potential challenges in maintaining cash generation[96] - The net profit for the current period is CNY 46,693,956.98, down from CNY 59,294,135.07 in the previous period, reflecting a decrease of approximately 21.3%[71] - The total comprehensive income for the current period is CNY 56,778,757.86, compared to CNY 55,346,214.32 in the previous period, indicating a slight increase of about 2.6%[74] - The total profit for the period was ¥232,604,279.68, compared to ¥216,593,720.26 in the previous period, reflecting an increase of approximately 7.4%[80] Assets and Liabilities - Total assets increased by 6.95% to CNY 4,338,892,931.42 compared to the end of the previous year[8] - Total non-current assets reached CNY 1.77 billion, compared to CNY 1.58 billion, marking an increase of about 11.9%[42] - Total liabilities reached CNY 756.64 million, compared to CNY 619.10 million, indicating an increase of approximately 22.2%[45] - Current liabilities totaled CNY 714.54 million, an increase from CNY 577.39 million, representing a growth of about 23.8%[45] - The company’s total assets were reported at CNY 4,056,943,699.00, consistent with the previous reporting period[118] - Total liabilities amounted to approximately $367.38 million, with current liabilities totaling about $348.31 million[128] Cash Flow - Net cash flow from operating activities increased significantly by 134.09% to CNY 30,383,577.29[8] - Cash inflow from investment activities reached CNY 982,589,995.24, an increase of 11.2% from CNY 883,348,153.04 in the previous year[98] - Cash outflow for investment activities was CNY 1,138,632,097.57, up 13.5% from CNY 1,002,508,762.46 in the prior year[98] - Net cash flow from investment activities was CNY -156,042,102.33, compared to CNY -119,160,609.42 in the previous period[98] - Cash inflow from financing activities totaled CNY 158,550,000.00, significantly higher than CNY 10,000,000.00 in the prior year[98] - Net cash flow from financing activities was CNY 65,496,486.88, a recovery from CNY -75,647,103.90 in the previous period[98] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,478[12] - The largest shareholder, Yiwai Investment Co., Ltd., holds 31.84% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[18] Expenses - Management expenses for the first nine months of 2019 increased by ¥27,559,850.86, a rise of 42.47%, mainly due to increased employee compensation[25] - The company’s sales expenses increased to CNY 62,492,996.50 from CNY 47,596,023.64 in the previous period, representing an increase of approximately 31.2%[77] - The company’s management expenses rose to CNY 92,450,996.63 from CNY 64,891,145.77 in the previous period, reflecting an increase of about 42.4%[77] Investment and Income - The company received government subsidies amounting to CNY 23,178,022.37 during the reporting period[8] - Investment income decreased by ¥21,589,963.46, a decline of 54.37%, due to the change in accounting treatment of a previously joint venture[25] - The company’s investment income for the current period is CNY 18,119,961.87, down from CNY 39,709,925.33 in the previous period, indicating a decrease of approximately 54.4%[77] - The company achieved a net increase in investment income of ¥30,397,570.59, down from ¥36,711,201.01, indicating a decrease of about 17.1%[88] Market Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[59]

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥955.71 million, representing a 5.78% increase compared to ¥903.47 million in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2019 was approximately ¥103.85 million, a decrease of 5.10% from ¥109.44 million in the previous year[22]. - The company reported a basic earnings per share of ¥0.1274, down 5.14% from ¥0.1343 in the same period last year[22]. - Total revenue for the reporting period reached RMB 955,710,516.15, representing a year-on-year increase of 5.78% compared to RMB 903,469,299.51[47]. - Revenue from electronic components was RMB 842,834,947.79, accounting for 88.19% of total revenue, with a year-on-year growth of 10.75%[50]. - The company reported a net increase in cash and cash equivalents of RMB -83,127,307.19, reflecting a 207.30% decline from the previous year[47]. - The gross profit margin for electronic components improved to 31.39%, up 17.70% year-on-year, despite a 3.62% increase in operating costs[50]. - The company reported a decrease in other comprehensive income, with a net amount of CNY 6,015,064.28 for the first half of 2019, compared to a loss of CNY 9,970,837.53 in the same period of 2018[188]. Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 55.61%, amounting to approximately ¥29.79 million compared to ¥67.10 million in the same period last year[22]. - Operating cash flow net amount decreased by 55.61% to RMB 29,788,423.32, primarily due to increased cash outflows from new projects[47]. - Investment activities generated a cash outflow of RMB -93,840,949.65, a significant increase of 358.79% compared to the previous period[47]. - The company reported a decrease in other current assets to ¥220,427,736.72 from ¥421,583,128.87, a decline of approximately 47.8%[174]. - The company invested ¥34,780.17 million in the supercapacitor industrialization project and ¥8,196.13 million in the high-voltage large-capacity film capacitor expansion project during the reporting period[70]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥4.19 billion, reflecting a 3.17% increase from ¥4.06 billion at the end of the previous year[22]. - The total liabilities reached ¥692,167,571.65, up from ¥619,099,860.93, which is an increase of approximately 11.8%[170]. - The company's equity attributable to shareholders rose to ¥3,297,932,662.39 from ¥3,248,959,271.19, showing an increase of about 1.5%[170]. - Current liabilities rose to ¥650,959,503.75, compared to ¥577,391,676.07, indicating an increase of about 12.7%[167]. - Non-current assets totaled ¥1,758,257,445.81, an increase from ¥1,583,430,860.89, reflecting a growth of approximately 11.0%[170]. Strategic Developments - The company faces risks from trade protectionism, particularly with a direct export to the U.S. of over $8 million in capacitors and materials, which are subject to a 25% tariff[5]. - Strategic emerging industries such as 5G communications and new energy are expected to continue growing despite a general economic slowdown[5]. - The company is experiencing rapid development in supercapacitors, with a strong market demand and ongoing construction of new facilities[43]. - The integration of two major production bases for film capacitors is yielding positive effects, enhancing technical performance and customer development[43]. - The company has established strategic alliances with international partners to enhance technology and capture higher-end markets[40]. Research and Development - Research and development expenses increased by 21.26% to RMB 58,889,617.50, driven by ongoing new product development[47]. - The company’s research and development expenses for the first half of 2019 were approximately ¥39.89 million, indicating a focus on innovation[192]. Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company did not distribute cash dividends or issue new shares during the reporting period[89]. - The total number of shares is 815,155,441, with 93.68% being unrestricted shares[133]. - The largest shareholder, Yiwei Investment Co., holds 31.84% of shares, totaling 259,584,000 shares[137]. - The second-largest shareholder, Zhu Xiang, holds 9.16% of shares, totaling 74,673,746 shares, with 59,969,792 shares pledged[137]. Legal and Compliance Matters - The company has initiated arbitration against the original shareholders of Suzhou Youpu for failing to fulfill obligations in a share transfer agreement valued at 180 million yuan, with a claim amount of 90 million yuan currently under arbitration[95]. - The company is actively coordinating legal measures to protect its rights in a separate lawsuit involving a claim of 744.81 thousand yuan against Suzhou Youpu[99]. - The semi-annual financial report was not audited[91]. - The financial report for the first half of 2019 was not audited[160].

Financial Performance - The company's operating revenue for Q1 2019 was ¥444,970,988.76, representing an increase of 8.80% compared to ¥408,986,536.11 in the same period last year[8]. - Net profit attributable to shareholders was ¥40,316,961.25, up 21.39% from ¥33,212,077.34 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥33,712,846.90, a significant increase of 60.48% compared to ¥21,007,811.38 in the previous year[8]. - The basic earnings per share rose to ¥0.0495, reflecting a growth of 21.62% from ¥0.0407 in the same quarter last year[8]. - Net profit for the current period was ¥44,922,696.89, representing a growth of 27.0% from ¥35,381,120.93 in the previous period[60]. - The company achieved a comprehensive income total of ¥51,964,085.55, compared to ¥31,539,762.34 in the previous period, an increase of 64.7%[64]. - The total comprehensive income amounted to CNY 41,850,292.07, compared to CNY 30,167,011.08 in the previous period, reflecting a significant increase[71]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,181,640,328.52, marking a 3.07% increase from ¥4,056,943,699.00 at the end of the previous year[8]. - The total liabilities increased to ¥691,832,404.90, up from ¥619,099,860.93, representing a growth of approximately 11.5%[43]. - The total equity attributable to shareholders rose to ¥3,296,317,621.10, compared to ¥3,248,959,271.19, indicating an increase of about 1.5%[46]. - The total current liabilities amounted to ¥650,370,496.02, an increase from ¥577,391,676.07, which is a rise of about 12.6%[43]. - The total current assets slightly increased to ¥1,446,295,736.57 from ¥1,441,395,505.69, indicating a growth of approximately 0.3%[50]. - The total assets reached ¥4,181,640,328.52, up from ¥4,056,943,699.00, reflecting a growth of approximately 3.1%[46]. Cash Flow - The net cash flow from operating activities was ¥18,342,679.68, a decrease of 11.77% compared to ¥20,788,818.37 in the same period last year[8]. - Cash inflows from operating activities totaled CNY 272,357,282.52, up from CNY 240,147,522.55 in the prior period, indicating a growth of approximately 13.4%[72]. - The net cash flow from investment activities was -CNY 106,417,808.07, an improvement from -CNY 147,231,666.88 in the previous period[78]. - The net cash flow from financing activities was CNY 42,762,008.96, a positive shift from -CNY 2,372.79 in the previous period[78]. - The company reported a decrease in cash and cash equivalents by CNY 52,433,908.69 during the period, compared to a decrease of CNY 134,342,693.40 in the prior period[78]. Expenses - Total operating costs amounted to ¥402,231,049.52, up from ¥386,000,854.87, reflecting a rise of 4.5%[57]. - Management expenses for Q1 2019 increased by ¥9,006,222.22, a rise of 46.65%, mainly due to the consolidation of Nantong Haili Electronics Co., Ltd. and increased employee compensation[22]. - Financial expenses for Q1 2019 decreased by ¥3,819,700.68, a decline of 43.58%, mainly due to reduced exchange losses and changes in interest income[22]. - Research and development expenses increased to ¥28,587,018.38, up from ¥24,069,027.28, marking a rise of 18.0%[57]. - The company reported a significant reduction in asset impairment losses to ¥458,420.24 from ¥1,705,458.35, a decrease of 73.1%[57]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,712, with the largest shareholder holding 31.84% of the shares[13]. - The net assets attributable to shareholders increased to ¥3,296,317,621.10, up 1.46% from ¥3,248,959,271.19 at the end of the last year[8]. - The retained earnings increased to ¥932,535,473.88 from ¥892,218,512.63, reflecting a growth of approximately 4.5%[46].

Financial Performance - The company's operating revenue for 2018 was approximately CNY 1.96 billion, representing a 17.63% increase compared to CNY 1.67 billion in 2017[26]. - The net profit attributable to shareholders for 2018 was approximately CNY 243.53 million, an increase of 28.15% from CNY 190.03 million in 2017[26]. - The net profit after deducting non-recurring gains and losses was approximately CNY 196.76 million, reflecting a 34.74% increase from CNY 146.03 million in 2017[26]. - The basic earnings per share for 2018 was CNY 0.2988, up 28.19% from CNY 0.2331 in 2017[26]. - The weighted average return on net assets for 2018 was 7.67%, an increase of 1.41% compared to 6.26% in 2017[26]. - Quarterly revenue for Q4 reached ¥580,912,535.17, with total annual revenue showing a consistent upward trend across all quarters[32]. - Net profit attributable to shareholders for Q4 was ¥65,402,013.19, reflecting a stable performance compared to previous quarters[32]. - The company reported a significant increase in cash flow from operating activities in Q4, amounting to ¥113,498,522.46[32]. - In 2018, the company achieved a total revenue of CNY 1.96 billion, representing a year-on-year growth of 17.63% compared to CNY 1.67 billion in 2017[51]. - The net profit attributable to shareholders was CNY 244 million, an increase of 28.15% from CNY 191 million in 2017[51]. Revenue Sources - The company’s main revenue source, capacitors, accounted for 88.3% of total revenue, indicating strong market demand[42]. - The electronic components segment contributed CNY 1.73 billion, accounting for 88.36% of total revenue, with a year-on-year growth of 25.72%[54]. - The electronic materials segment generated CNY 198.63 million, which is a decline of 24.86% from CNY 264.33 million in 2017, representing 10.13% of total revenue[54]. - Domestic sales amounted to CNY 1.30 billion, making up 66.56% of total revenue, with a growth of 13.76% year-on-year[57]. - International sales reached CNY 655.75 million, accounting for 33.44% of total revenue, reflecting a growth of 26.18% compared to the previous year[57]. Cash Flow and Investments - The net cash flow from operating activities decreased by 24.08% to approximately CNY 193.58 million in 2018 from CNY 254.98 million in 2017[26]. - Operating cash inflow totaled M2 1,449,484,965.55, a 15.28% increase compared to the previous year[73]. - The company’s investment activities resulted in a net cash outflow of M2 216,142,401.21, an improvement of 18.70% year-over-year[76]. - The total investment during the reporting period was ¥458,518,047.75, representing a 58.77% increase from ¥288,791,069.22 in the previous year[85]. - The company has a total of ¥5,559.15 million in idle funds that have been unused for over two years[85]. Production and Capacity Expansion - The company has increased its production capacity to meet rising market demand, particularly in strategic emerging industries such as 5G communications and new energy[6]. - The company is actively expanding its production capacity for supercapacitors and has made significant progress in various application fields including electric vehicles and renewable energy[52]. - The company plans to expand production capacity through ongoing projects, including the industrial capacitor technology upgrade project with a total investment of ¥8,000[89]. - The construction of new facilities led to a 289.65% increase in construction in progress, amounting to ¥117,188,100[43]. Research and Development - The company is investing in R&D to reduce consumption and improve recycling in response to stricter environmental regulations affecting material costs[6]. - Research and development expenses totaled M2 101,325,171.24, reflecting a 27.95% increase as the company intensified its R&D efforts[71]. - The company has initiated the development of supercapacitors, which are expected to enhance its product portfolio and market competitiveness[42]. - The company has established strategic alliances with international partners such as KEMET and ELNA to enhance its technological capabilities and market reach[51]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, based on a total of 815,155,441 shares[9]. - In 2018, the cash dividend amounted to 65,212,435.28, representing 26.78% of the net profit attributable to ordinary shareholders[112]. - The cash dividend policy has been consistent, with no adjustments made during the reporting period[112]. - The company has committed to distributing cash dividends that are no less than 10% of the annual distributable profit and at least 30% of the average annual distributable profit over the last three years[120]. Legal and Regulatory Matters - There are ongoing arbitration proceedings involving a dispute with Suzhou Youpu regarding a share transfer agreement, with a claimed amount of RMB 90 million[128]. - The company is actively coordinating legal proceedings to protect its rights amid ongoing disputes[134]. - Suzhou Youpu's original shareholders have failed to fulfill their obligations under the transfer agreement, leading to arbitration initiated by the company to protect its legal rights[131]. - A lawsuit has been filed against Suzhou Youpu by Zhang Xue'e, the original actual controller's spouse, demanding payment of outstanding amounts and interest, with a court ruling rejecting all claims[132]. Shareholder Structure - The total number of shares before the recent changes was 815,155,441, with 6.71% being restricted shares and 93.29% being unrestricted shares[182]. - The largest shareholder, Yiwei Investment Co., Ltd., holds 31.84% of the shares, totaling 259,584,000 shares[187]. - The company has 25,310 common shareholders as of the end of the reporting period[187]. - The actual controller of the company is Hong Kong Yiwei Investment Co., Ltd., which has not changed during the reporting period[196]. Social Responsibility and Community Engagement - The company is committed to social responsibility, focusing on green development and community engagement, including employee health initiatives and charitable activities[172]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[174]. - Nantong Jianghai Capacitor Co., Ltd. has actively participated in social activities, including blood donation and sports competitions, to foster community relations[172].

Financial Performance - Operating revenue for the reporting period was ¥476,317,194.50, representing a year-on-year growth of 15.06%[8] - Net profit attributable to shareholders was ¥68,690,718.78, up 16.48% from the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥58,414,737.41, reflecting a 19.43% increase year-on-year[8] - The net profit attributable to shareholders for 2018 is expected to range from CNY 20,903.15 million to CNY 26,604 million, representing a change of 10.00% to 40.00% compared to 2017[21] Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥3,897,414,393.69, an increase of 1.29% compared to the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 22,417[12] - The largest shareholder, Yiwai Investment Co., Ltd., held 31.84% of the shares, totaling 259,584,000 shares[12] Cash Flow and Investment Activities - Cash flow from operating activities showed a significant decline, with a net cash flow of ¥12,979,285.88, down 81.80% compared to the previous year[8] - Net cash flow from operating activities decreased by CNY 95,254,225.74, a decline of 54.33%, attributed to raw material shortages and shortened payment terms[18] - Net cash flow from investing activities saw a net outflow reduction of CNY 211,029,299.54, a decline of 63.91%, due to the recovery of investment funds[18] - The company reported a net decrease in cash and cash equivalents of CNY 115,479,594.41, a decline of 53.52%, due to the aforementioned activities[18] Expenses and Impairments - Management expenses increased by ¥16,732,688.11, a rise of 34.75%, primarily due to increased employee compensation and office expenses from newly consolidated subsidiaries[16] - Financial expenses for the first three quarters of 2018 decreased by CNY 19,603,814.76, a decline of 336.59%, mainly due to interest income and exchange gains[17] - Asset impairment losses increased by CNY 3,611,952.82, a rise of 126.23%, primarily due to inventory write-downs and bad debt provisions[17] Non-Operating Activities - Operating income from non-operating activities decreased by CNY 13,987,901.31, a decline of 99.33%, mainly due to the reclassification of government subsidies[17] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[20] - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[23] - The company has engaged in entrusted financial management with a total amount of CNY 75,100 million, with no overdue amounts[25] Prepaid and Construction Activities - Prepaid accounts increased by ¥181,003,997.24, a growth of 157.69%, mainly due to investment in fixed assets[16] - The construction in progress increased by ¥133,536,893.09, a rise of 330.05%, attributed to fundraising project construction[16]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 903,469,299.51, representing a 22.26% increase compared to CNY 738,979,107.86 in the same period last year[18]. - The net profit attributable to shareholders was CNY 109,435,577.51, up 24.15% from CNY 88,147,147.56 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 82,017,436.91, reflecting a 26.54% increase from CNY 64,816,344.63 in the previous year[18]. - The company achieved a revenue of CNY 903,469,299.51, representing a year-on-year growth of 22.26%[33]. - The net profit attributable to shareholders was CNY 109,435,577.51, reflecting a year-on-year increase of 24.15%[33]. - The company reported a significant increase in foreign sales, which reached ¥266,062,700.70, a 42.06% increase year-over-year[37]. - The total profit for the first half of 2018 was ¥134,085,933.25, an increase from ¥110,090,040.51 year-on-year, reflecting a growth of 21.8%[127]. - Net profit for the first half of 2018 was ¥115,395,134.13, representing a 21.5% increase from ¥94,960,769.05 in the previous year[128]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 67,099,609.17, a decrease of 35.49% compared to CNY 104,016,309.79 in the same period last year[18]. - Cash and cash equivalents at the end of the reporting period were ¥606,053,787.90, an increase in proportion to total assets from 13.73% to 15.51%[42]. - The company’s cash flow from operating activities decreased by 35.49% to CNY 67,099,609.17, attributed to tighter raw material supply and increased employee compensation[35]. - The ending balance of cash and cash equivalents was CNY 513,311,834.72, compared to CNY 458,721,019.71 in the previous period, reflecting an increase of approximately 11.9%[136]. - Total current assets decreased from CNY 2,628,712,803.39 to CNY 2,578,749,917.59, a decline of approximately 1.5%[118]. - Total assets at the end of the reporting period were CNY 3,908,428,985.55, an increase of 1.57% from CNY 3,847,939,889.25 at the end of the previous year[18]. - Total liabilities increased from CNY 618,579,445.01 to CNY 646,278,926.06, an increase of about 4.5%[119]. Investments and Projects - The company plans to expand production capacity to meet the rising market demand due to environmental regulations affecting material costs and supply[4]. - The company is investing in multiple projects, including aluminum electrolytic capacitors and film capacitors, which may dilute current profits due to fixed asset transfers[5]. - The company has invested a total of ¥106,367.59 million from the raised funds, with no changes in the purpose of the raised funds during the reporting period[50]. - The cumulative investment in the supercapacitor industrialization project is RMB 160.7645 million, representing 20.10% of the total committed investment of RMB 800 million[53]. - The company has allocated RMB 95 million for the technical transformation and expansion project of aluminum electrolytic capacitors for flat-screen TVs and variable frequency air conditioners, with a cumulative investment of RMB 95.8491 million as of December 31, 2016[51]. - The company has established a new subsidiary, Tianjin Baina Energy Technology Co., Ltd., during the reporting period, which is expected to contribute positively to overall operations[63]. Shareholder and Dividend Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[6]. - The company has committed to distributing cash dividends when conditions permit, ensuring that the distributed profits are not less than 30% of the average distributable profits over the last three years[71]. - The total number of ordinary shareholders at the end of the reporting period is 21,665[102]. - The largest shareholder, Yiwei Investment Limited, holds 31.84% of the shares, totaling 259,584,000 ordinary shares[102]. - The second-largest shareholder, Zhu Xiang, holds 10.37% of the shares, totaling 84,553,846 ordinary shares, with 61,749,797 shares pledged[102]. Risks and Challenges - The company is facing risks from trade protectionism, particularly affecting exports to the U.S., which amounted to over USD 7 million in 2017[4]. - The company has terminated the high-performance high-voltage capacitor foil expansion project due to increased electricity costs in Inner Mongolia, which would have hindered expected returns[57]. - The company has not reported any significant environmental issues during the reporting period[93]. - The company has no outstanding related debts or receivables as of the reporting period[85]. Research and Development - Research and development expenses rose to CNY 48,564,208.45, an increase of 23.38% as the company continues to develop new products[35]. - The company has established a national postdoctoral research station and a provincial engineering technology research center, enhancing its R&D capabilities[29]. - The company’s supercapacitor technology has reached an internationally advanced level, positioning it well in the market[26]. Related Party Transactions - The company engaged in related party transactions, with procurement from joint ventures amounting to 4,617.13 million yuan, accounting for 7.26% of total procurement[80]. - The company reported sales of finished products to joint ventures totaling 4,464.34 million yuan, representing 5.07% of total sales[81]. - The company has a significant related party transaction in property management, with a transaction amount of 32.4 million yuan, which is 49.98% of the total property management revenue[81]. Financial Position and Equity - The total equity at the end of the current period was CNY 3,262,149,790, showing a slight increase compared to the previous period[145]. - The company's total liabilities and equity at the end of the current period were CNY 3,262,149,790, maintaining a stable financial position[145]. - The total equity of the company at the end of the reporting period is 3,035,543,441.00 CNY, showing a significant increase from the previous period[149].

南通江海电容器股份有限公司 2018 年第一季度报告正文 证券代码：002484 证券简称：江海股份 公告编号：2018-019 南通江海电容器股份有限公司 2018 年第一季度报告正文 1 南通江海电容器股份有限公司 2018 年第一季度报告正文 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 2018 年第一季度报告正文 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 408,986,536.11 | 335,088,073.13 | 22.05% | | 归属于上市公司股东的净利润 ...

Financial Performance - The company's operating revenue for 2017 was CNY 1,666,811,782.97, representing a 36.22% increase compared to CNY 1,223,618,895.01 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 190,028,633.11, up 27.50% from CNY 149,046,614.18 in the previous year[16] - The net cash flow from operating activities reached CNY 239,285,382.90, a 36.14% increase from CNY 175,763,704.15 in 2016[16] - The weighted average return on equity for 2017 was 6.26%, down from 7.01% in 2016[16] - The net profit after deducting non-recurring gains and losses was CNY 146,033,815.67, a 12.62% increase from CNY 129,665,406.33 in 2016[16] - The company's total revenue for Q4 reached ¥513,858,419.34, marking a significant increase compared to Q1's ¥335,088,073.13[21] - The net profit attributable to shareholders for Q2 was ¥58,949,623.01, reflecting a growth of 101.9% from Q1's ¥29,197,524.55[21] - The net cash flow from operating activities in Q3 was ¥71,316,811.00, up 80.4% from Q1's ¥39,580,058.41[21] - The company reported a significant increase in investment income of ¥48,912,894.95, contributing 20.68% to total profit, indicating sustainable income sources[64] Assets and Investments - The total assets at the end of 2017 were CNY 3,847,939,889.25, reflecting a 10.64% increase from CNY 3,477,938,788.43 at the end of 2016[17] - The company's net assets reached ¥3,115,899,537.23, reflecting a growth of 4.72% from the previous year[40] - The company expanded its investment in ELNA, acquiring 10 billion yen worth of shares, which increased its available-for-sale financial assets by 629.22%[29] - The company’s total investment during the reporting period was ¥288,791,069.22, reflecting a 160.00% increase compared to the previous year[70] - The company has cumulatively invested RMB 95.84 million in the aluminum electrolytic capacitor technology upgrade expansion project, which has now been terminated[80] Production and Capacity - The company is increasing its production capacity to adapt to the rapidly rising market demand for its products[4] - The company expanded its production capacity of aluminum electrolytic capacitors by 30% to support ongoing product development[40] - The sales volume of electronic components capacitors increased by 41.18% to 98,611,040 units in 2017[49] - The company has developed advanced materials for capacitors, improving its market competitiveness and extending its industry chain[35] Market Strategy and Risks - The company aims to mitigate risks from trade protectionism and currency fluctuations by adjusting export prices and focusing on high-value products[4] - The company’s marketing strategy focuses on close customer relationships, leading to high customer satisfaction and loyalty[34] - The company has established a strategic alliance with KEMET in the U.S. to enhance its product offerings in electric vehicle capacitors[39] Research and Development - The company has established a national postdoctoral research station and a provincial engineering technology research center, enhancing its R&D capabilities[32] - Research and development expenditure totaled ¥79,188,388.14, representing a 15.38% increase from the previous year, and accounting for 4.75% of operating revenue[60] - The number of R&D personnel increased by 2.26% to 362, while the proportion of R&D personnel to total staff decreased slightly to 17.07%[59] Corporate Governance and Compliance - The company has not reported any significant changes in the feasibility of its projects during the reporting period[77] - The company has no major litigation or arbitration matters affecting its financial position during the reporting period[104] - The company has not engaged in any significant related party transactions during the reporting period[108] - The company has established a transparent information disclosure system, ensuring equal access to information for all shareholders[179] - The company has a focus on maintaining compliance with corporate governance standards, as evidenced by the qualifications of its board secretary[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,918, a decrease from 23,349 at the end of the previous month[136] - The largest shareholder, Yiwai Investment Limited, holds 31.84% of the shares, totaling 259,584,000 shares[137] - The company reported a total share count of 815,155,400, with 627,042,600 shares subject to restrictions before the recent changes[131] Employee and Management - The total number of employees in the company is 2,121, with 1,226 in the parent company and 895 in major subsidiaries[169] - The average monthly salary for employees in 2017 was CNY 4,470, representing a 12% increase compared to 2016[171] - The company has implemented a comprehensive training program, including EMBA education for senior management and various skill enhancement courses for employees[172][173] - The total remuneration for directors and senior management during the reporting period amounted to 2,929,600 RMB[168] Financial Management - The company maintains a strong liquidity position with no overdue loans or financial management issues reported[121] - The company has engaged in entrusted financial management during the reporting period, with details to be disclosed[118] - The total amount of entrusted financial management reached 93,000 million, with no overdue amounts reported[119] Audit and Internal Controls - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of financial statements[198] - The company maintained effective internal controls related to financial reporting as of December 31, 2017[193] - There were no significant internal control deficiencies identified during the reporting period[190]

Financial Performance - Operating revenue for the reporting period was ¥413,974,255.77, representing a year-on-year growth of 28.33%[8] - Net profit attributable to shareholders was ¥58,969,680.56, up 48.44% from the same period last year[8] - Basic earnings per share increased by 32.42% to ¥0.0723[8] - Total profit, income tax expenses, net profit, and net profit attributable to shareholders of the parent company increased by ¥62,579,462.56, ¥11,252,818.60, ¥51,326,643.96, and ¥46,829,903.85 respectively, with growth rates of 51.74%, 76.05%, 48.35%, and 46.70% attributed to sales performance[19] - The company expects a net profit attributable to shareholders for 2017 to increase by 20.00% to 50.00%, with an estimated range of ¥17,885.59 to ¥22,356.99 million[24] Cash Flow - Cash flow from operating activities amounted to ¥71,316,811.00, reflecting a growth of 31.23%[8] - Net cash flow from operating activities rose by ¥57,851,995.93, a growth rate of 49.24%, mainly due to increased sales and improved collection of accounts receivable[20] - The net cash flow from investment activities showed a net outflow of ¥226,635,850.03, with a growth rate of 218.86%, primarily due to investments and acquisitions of fixed and intangible assets[21] - The net cash flow from financing activities decreased by ¥1,185,173,908.91, a decline of 104.86%, mainly due to the non-public offering of shares in August 2016 which raised ¥1.2 billion[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,625,522,756.61, an increase of 4.24% compared to the previous year[8] - The company’s cash and cash equivalents decreased by 34.60% to ¥233,190,381.88 due to investment payments[16] - The company reported a significant increase in prepayments, which rose by 227.21% to ¥108,546,986.14, primarily due to investments in Suzhou Youpu[16] - Prepayments decreased by ¥1,115,738.40, a decline of 71.43%, due to the normal management of stable new customers[17] - Other non-current liabilities increased by ¥15,695,968, a growth rate of 67.39%, mainly due to an increase in government subsidies applied for by the company[17] Investments - The company’s investment in non-current assets disposal resulted in a gain of ¥884,404.19[9] - The company reported an increase in investment income of ¥31,737,783.77, a growth rate of 363.96%, due to increased interest from structured financial products and profits from joint ventures[18] - The company’s capital stock increased by ¥188,112,794, a growth rate of 30%, primarily due to the capitalization of profit distribution from 2016[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,917[12] - The weighted average return on equity decreased by 0.77% to 4.59%[8]