Group 1: Company Overview and Investment Projects - The main business of the company is the research, development, production, sales, and service of electric information collection equipment and systems, including main stations, dedicated network terminals, public network terminals, and collectors [2][3] - The non-public offering project for 2015 is the Smart Electric Cloud Service Project, with a total planned investment of CNY 1.6634 billion, funded by the non-public offering and self-raised funds. The project construction period is 3 years, with production expected to reach 20,000 customers by the fourth year [3][4] Group 2: Business Model of Investment Projects - The project will provide power users with cloud monitoring services, operation and maintenance services, and energy-saving services, generating service fees and creating additional commercial value [4] - Cloud monitoring services will enhance the automation management level of enterprises, offering energy efficiency analysis, economic operation analysis, safety analysis, and power quality analysis [4] - Operation and maintenance services will involve real-time dynamic analysis of users' power status, with on-site maintenance personnel dispatched for any abnormalities [4] - Energy-saving services will provide comprehensive solutions for energy-saving project design, renovation, and installation [4] Group 3: Order Status and Profit Margin - The company reports normal order status this year, with the State Grid Corporation planning three centralized bids, of which two have been completed. The company performed well in the first bid, while the results of the second bid are yet to be announced [5] - Despite intensified market competition due to centralized bidding, the company maintains stable profit margins through optimized product design and cost control measures [5] Group 4: Progress of Non-Public Offering Projects - The company has received the administrative license application acceptance notice from the CSRC for the non-public offering of shares and is currently awaiting feedback [5] - The company is utilizing existing funds to advance project implementation and has engaged a well-known marketing management consulting firm for market research and strategy development [5] Group 5: Product Revenue Classification - Other business income includes low-voltage complete equipment and distribution automation products, with a focus on maintaining competitive advantages in electric information collection while expanding into new product development and market exploration [6]

Financial Performance - The company's operating revenue for Q3 2022 was ¥147,275,385.48, representing a 34.53% increase compared to the same period last year[4] - The net profit attributable to shareholders was -¥11,293,620.07, a decrease of 147.34% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,520,561.60, an increase of 38.26% compared to the same period last year[4] - The net profit for Q3 2022 was CNY 14,714,418.11, a decrease of 87.68% compared to CNY 119,435,771.33 in the same period last year[10] - Total profit for the period was CNY 14,808,189.06, down 88.97% from CNY 134,208,185.30 year-on-year[10] - Operating profit decreased by 89.69% to CNY 13,725,290.16 from CNY 133,178,511.01 in the previous year[10] - The total operating revenue for the third quarter of 2022 was CNY 388,068,439.24, an increase of 44.5% compared to CNY 268,601,277.78 in the same period last year[21] - The total operating costs amounted to CNY 332,578,161.28, up from CNY 261,444,139.60, reflecting a year-over-year increase of 27.2%[21] - The basic earnings per share were -¥0.0136, down 147.55% year-on-year[4] - The basic and diluted earnings per share were both CNY 0.0201, down from CNY 0.1454 in the same quarter last year[23] Cash Flow - The cash flow from operating activities was -¥73,458,010.60, reflecting a significant decline of 347.90%[4] - Cash flow from operating activities showed a net outflow of CNY 73,458,010.60, a significant increase of 347.90% compared to the previous year's outflow of CNY 16,400,462.53[10] - The net cash flow from operating activities was -73,458,010.60, compared to -16,400,462.53 in the previous period, indicating a decline in operational cash flow[24] - Cash inflow from operating activities totaled 349,606,794.20, an increase from 332,844,479.39 in the previous period, driven by higher sales revenue[24] - Cash outflow from operating activities increased to 423,064,804.80 from 349,244,941.92, primarily due to higher payments for goods and services[24] - The ending cash and cash equivalents balance decreased to 98,655,658.89 from 108,180,811.09, reflecting overall cash outflows[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,572,427,167.33, a decrease of 1.16% from the end of the previous year[5] - The total assets decreased to CNY 3,572,427,167.33 from CNY 3,614,228,919.67, a decline of 1.2%[19] - The total liabilities decreased by 70.47% in other current liabilities, primarily due to a reduction in endorsed but not yet due receivables[9] - The total liabilities increased to CNY 327,197,087.03 from CNY 286,506,823.50, marking an increase of 14.2%[19] - The total equity attributable to shareholders of the parent company decreased to CNY 3,195,335,473.19 from CNY 3,275,746,643.72, a decline of 2.4%[19] Inventory and Expenses - The company's inventory increased by 84.35% to ¥188,834,258.03, attributed to an increase in orders[9] - The company reported a significant increase in inventory, which rose to CNY 188,834,258.03 from CNY 102,435,176.07 year-on-year[17] - Research and development expenses rose to CNY 32,875,674.75, compared to CNY 30,202,125.59, indicating an increase of 8.8% year-over-year[22] - The company reported an investment loss of CNY 14,299,610.39, a significant decrease from a profit of CNY 133,284,529.91 in the previous year[22] - The investment income for the period was ¥14,299,610.39, a decrease of 89.27% compared to the previous year, mainly due to reduced financial product returns[9] Comprehensive Income - The total comprehensive income for the period was CNY 17,593,875.65, down 86.62% from CNY 131,521,073.91 year-on-year[10] - Other comprehensive income after tax was CNY 2,879,457.54, down from CNY 12,085,302.58 in the same quarter last year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,515[12] Bids and Projects - The company won a bid from State Grid Corporation for CNY 134,609,200, related to the procurement of electric meters[14] - The company has completed the cancellation of the fundraising account related to the "Smart Electricity Cloud Service Project" with a total of CNY 224,460,932.88 in surplus funds[14]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥240,793,053.76, representing a 51.32% increase compared to ¥159,130,228.05 in the same period last year[22]. - The net profit attributable to shareholders decreased by 71.15% to ¥28,088,883.51 from ¥97,374,971.73 year-on-year[22]. - The net profit after deducting non-recurring gains and losses surged by 3,661.30% to ¥30,555,841.54, compared to ¥812,373.55 in the previous year[22]. - Basic and diluted earnings per share both fell by 71.12% to ¥0.0337 from ¥0.1167 year-on-year[22]. - The net profit for the current period is CNY 26,890,823.82, down 72.07% from CNY 96,263,197.50, mainly due to declines in investment income and fair value changes[47]. - The total comprehensive income for the first half of 2022 was CNY 29,770,281.36, down from CNY 95,930,871.20 in the same period of 2021, a decrease of 68.9%[158]. - The company reported a decrease in undistributed profits to CNY 967,236,731.20 from CNY 1,039,233,739.21, a reduction of approximately 6.9%[150]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥69,174,054.58, worsening by 121.82% from -¥31,185,196.06 in the same period last year[22]. - The company reported a net increase in cash and cash equivalents of -191,272,069.42 yuan, compared to -126,704,504.47 yuan in the previous year, reflecting ongoing cash flow challenges[164]. - The total cash inflow from investment activities was 2,184,009,064.48 yuan, down from 3,984,245,338.59 yuan year-on-year, reflecting a significant decrease in investment returns[164]. - The total cash and cash equivalents at the end of the period stood at 98,881,010.29 yuan, compared to 86,309,877.46 yuan at the end of the previous year, indicating a slight increase in liquidity[164]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,558,840,498.69, a decrease of 1.53% from ¥3,614,228,919.67 at the end of the previous year[22]. - Total liabilities increased to CNY 301,434,012.68, compared to CNY 286,506,823.50 at the start of the year, marking an increase of approximately 5.2%[150]. - The company's non-current assets totaled CNY 589,065,398.47, down from CNY 759,724,982.70, representing a decrease of approximately 22.4%[150]. - The total equity attributable to shareholders decreased to CNY 3,206,629,093.25 from CNY 3,275,746,643.72, a decline of about 2.1%[150]. Business Segments and Operations - The company operates in three main business segments: electricity information collection systems, smart electricity cloud services, and power cabinets[31]. - The electricity information collection system is a key component of smart grid construction, enabling functions such as electricity monitoring, load management, and automatic meter reading, which are crucial for power security and efficient electricity usage[32]. - The smart electricity cloud service has established a customer base of over 15,400 users, providing data services for energy management and environmental monitoring[36]. - The company has developed a comprehensive energy management system that utilizes various sensors to monitor energy consumption across electricity, water, gas, and heat, enhancing energy efficiency and reducing waste[35]. Research and Development - Research and development expenses rose to CNY 20,443,194.79, reflecting a 2.43% increase from CNY 19,957,790.96[47]. - The company has 32 invention patents, showcasing its commitment to research and development in the field of electricity information collection systems[42]. - The company has received multiple awards for its technological advancements, including the Jiangsu Provincial Environmental Protection Science and Technology Award[42]. Risks and Challenges - The company faces various risks and has outlined measures to address them in the management discussion section[4]. - The company is facing risks related to policy changes in the power industry, which could impact its development[79]. - The company acknowledges risks associated with the implementation of fundraising investment projects due to potential macroeconomic fluctuations[82]. - The company is committed to monitoring the ongoing COVID-19 situation to ensure orderly production and operations[83]. Shareholder Information - The total number of shares after the recent changes is 834,049,096, with 5.42% being subject to limited sale conditions[133]. - The largest shareholder, Nanjing New Link Entrepreneurship Park Management Co., Ltd., holds 37.33% of the total shares, amounting to 311,368,918 shares[137]. - The company has not reported any share repurchase or issuance activities during the reporting period[134]. Fundraising and Investments - The total amount of funds raised through the non-public offering was approximately CNY 1.35 billion, with a net amount of CNY 1.32 billion after deducting issuance costs[69]. - The project funded by the raised capital is the "Smart Electricity Cloud Service Project," with a planned total investment of CNY 1.66 billion[69]. - The company plans to continue using the unutilized raised funds for operational purposes[69]. - The company has not engaged in any derivative investments during the reporting period[67]. Environmental and Regulatory Compliance - The company has received no administrative penalties related to environmental issues during the reporting period[92]. - The company is not classified as a key pollutant discharge unit and has passed the ISO14001 environmental management system certification[92]. - The company has completed rectifications related to fire safety issues identified during inspections[103]. Miscellaneous - The half-year financial report has not been audited[99]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[61]. - The company has not reported any new product launches or technological advancements in this period[172].

南京新联电子股份有限公司 2022 年第一季度报告 南京新联电子股份有限公司 2022 年第一季度报告全文 证券代码：002546 证券简称：新联电子 公告编号：2022-017 本公司及董事会全体成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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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） | 94,147,701.21 | 68,031,939.19 | 38.39% | | 归属于上市公司股东的净利润（元） | -8,193,254.24 | 23,737,10 ...

Financial Performance - The company's operating revenue for 2021 was ¥464,823,529.47, a decrease of 19.15% compared to ¥574,921,920.35 in 2020[23] - The net profit attributable to shareholders for 2021 was ¥223,239,199.96, an increase of 21.72% from ¥183,399,028.77 in 2020[23] - The net profit after deducting non-recurring gains and losses was ¥50,692,995.98, down 39.12% from ¥83,272,725.81 in 2020[23] - The net cash flow from operating activities was ¥28,051,390.98, a significant decrease of 81.32% compared to ¥150,134,074.49 in 2020[23] - The basic earnings per share for 2021 was ¥0.27, up 22.73% from ¥0.22 in 2020[23] - The total assets at the end of 2021 were ¥3,614,228,919.67, an increase of 2.95% from ¥3,510,704,366.51 at the end of 2020[23] - The net assets attributable to shareholders at the end of 2021 were ¥3,275,746,643.72, up 3.53% from ¥3,164,066,051.06 at the end of 2020[23] - The weighted average return on equity for 2021 was 6.96%, an increase from 5.97% in 2020[23] Cash Flow and Investment - The net cash flow from operating activities turned positive in Q4 2021 at ¥84,259,228.67, after being negative in Q1 and Q3 2021[27] - The company reported a total of ¥194,857,005.23 in investment income from entrusted asset management in 2021, a substantial increase from ¥97,693,423.01 in 2020[28] - The company reported a significant increase in net cash flow from investment activities, which rose by 144.40% to ¥150,751,175.40, compared to a net outflow of -¥339,554,058.87 in 2020[76] - The total amount of cash and cash equivalents increased by 136.30% to ¥77,138,697.78, compared to a decrease of -¥212,524,607.18 in 2020, driven by the increase in net cash flow from investment activities[76] - The company’s total revenue from investment income was ¥216,256,495.97, accounting for 86.81% of total profit, primarily from financial investment returns[79] Strategic Initiatives - The company is focusing on enhancing load forecasting accuracy and energy quality management as part of its strategy to adapt to the evolving energy market[33] - The introduction of a comprehensive energy service system aims to optimize energy efficiency for users, addressing challenges posed by rising energy costs and regulatory pressures[35] - The company has launched an intelligent electricity cloud service system that allows real-time monitoring and management of energy loads through various digital platforms[35] - The overall strategy includes leveraging new technologies and market trends to expand its service offerings and improve operational efficiency[34] - The company has established a comprehensive system construction capability, including cloud platform development, data analysis, and system operation, with over 10,000 users connected to its smart electricity cloud service platform[46] Client and Market Development - As of the end of 2021, the company had over 15,100 clients connected to its smart electricity cloud service platform, with 74 offline service points established across 19 provinces[48] - The company plans to adjust the target number of clients for the smart electricity cloud service platform from 20,000 to 45,000 by December 31, 2024[55] - The company has successfully expanded its smart electricity cloud service into the environmental protection sector, improving the efficiency of environmental monitoring[44] Research and Development - The company has a strong focus on R&D, holding 30 invention patents as of the reporting period, and has developed a compact intelligent power collection module[49] - R&D investment for 2021 was CNY 43.54 million, accounting for 9.37% of total operating revenue[56] - The number of R&D personnel decreased by 7.08% to 223 in 2021 from 240 in 2020, while the proportion of R&D personnel increased to 28.02% from 23.03%[75] Governance and Compliance - The company emphasizes the importance of governance and compliance with relevant laws and regulations to ensure healthy development and protect shareholder interests[115] - The board of directors consists of nine members, including three independent directors, which complies with legal and regulatory requirements[116] - The company maintains complete independence from its controlling shareholders in terms of business, assets, personnel, and finance, ensuring stable operations and autonomous management capabilities[118] - The company has established a comprehensive information disclosure management system to ensure timely and accurate communication with investors[117] Environmental and Social Responsibility - The company aims to strengthen pollution source monitoring, ensuring that at least 65% of industrial VOCs and nitrogen oxides emissions are covered by key pollutant units[104] - The company has completed the construction of a new wastewater treatment facility, which has passed inspection[161] - The company does not belong to the key pollutant discharge units as per environmental protection department announcements[162] Risks and Challenges - The company faces policy risks due to its reliance on the domestic power industry and major clients like State Grid Corporation of China, which could impact its development if policies change[108] - The ongoing impact of the COVID-19 pandemic poses risks to procurement, production, and project construction, prompting the company to maintain strict pandemic control measures[112] - The company acknowledges potential risks in fundraising investment projects due to macroeconomic fluctuations and market competition, and will enhance product development and market expansion efforts[111] Employee and Management - The company reported a total of 796 employees at the end of the reporting period, with 382 in production, 78 in sales, 251 in technical roles, 12 in finance, and 73 in administration[142] - The company has established a comprehensive internal training mechanism, with an annual training plan covering various aspects such as production, management, and sales[145] - The company’s remuneration policy is based on position and includes a performance evaluation system to enhance employee motivation and retention[144] Dividend and Profit Distribution - The company implemented a cash dividend policy, distributing a total of 100,085,891.52 CNY in cash dividends, amounting to 1.20 CNY per 10 shares[147] - The company reported a distributable profit of CNY 803,268,191.03 for the period[148] - The company is committed to distributing at least 10% of its annual distributable profits in cash to shareholders for the years 2021 to 2023[169]

Financial Performance - The company's operating revenue for Q3 2021 was ¥109,471,049.73, a decrease of 30.68% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥23,857,011.90, down 61.22% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥15,565,045.52, a decline of 41.32% compared to the previous year[3]. - The basic earnings per share were ¥0.0286, reflecting a decrease of 61.35% year-on-year[3]. - Total operating revenue for Q3 2021 was ¥268,601,277.78, a decrease of 34.6% compared to ¥411,376,199.48 in the same period last year[19]. - Total operating costs for Q3 2021 were ¥261,444,139.60, down 27.5% from ¥360,663,119.22 year-over-year[19]. - Net profit for Q3 2021 was ¥119,435,771.33, a slight decrease of 3.1% from ¥123,822,907.50 in Q3 2020[19]. - Earnings per share for Q3 2021 was ¥0.1454, compared to ¥0.1500 in the same quarter last year[20]. - Cash received from sales of goods and services was ¥313,724,940.99, a decline of 26.3% from ¥425,759,738.65 in the previous year[22]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥16,400,462.53, a significant decline of 591.81% compared to the previous year[3]. - The net cash flow from operating activities was -16,400,462.53, compared to -2,370,675.81 in the previous year, indicating a decline in operational performance[23]. - Cash inflow from investment activities totaled 5,275,701,633.99, down from 5,415,094,728.81 year-over-year[23]. - The net cash flow from investment activities was 17,887,769.71, significantly lower than 80,600,639.53 in the same period last year[23]. - Cash outflow from financing activities was 121,320,878.02, compared to 36,514,254.53 in the previous year, reflecting increased financial obligations[23]. - The net cash flow from financing activities was -106,320,878.02, worsening from -21,514,254.53 year-over-year[23]. - The ending balance of cash and cash equivalents was 108,180,811.09, a decrease from 482,254,698.30 in the previous year[24]. - The total cash outflow from operating activities was 349,244,941.92, compared to 448,806,061.85 in the previous year, indicating reduced operational expenditures[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,485,946,606.47, a slight decrease of 0.71% from the end of the previous year[3]. - The total assets decreased from ¥3,510,704,366.51 at the end of 2020 to ¥3,485,946,606.47 by September 30, 2021, a decrease of about 0.7%[16]. - The company's total liabilities decreased by 86.88% in tax payables, amounting to ¥2,307,115.29, compared to the previous year[8]. - Total liabilities as of the end of Q3 2021 were ¥248,792,003.64, down from ¥289,224,130.18 at the end of the previous year[19]. - The company's short-term borrowings decreased from ¥20,000,000.00 at the end of 2020 to ¥15,000,000.00 by September 30, 2021, a reduction of 25%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 38,875[12]. - The largest shareholder, Nanjing Xilian Chuangye Park Management Co., Ltd., holds 39.09% of shares, totaling 326,068,903 shares[12]. Other Comprehensive Income and Recognition - Other comprehensive income increased by 1893.27% to ¥12,085,302.58, driven by the fair value increase of financial assets[10]. - Other comprehensive income after tax for Q3 2021 was ¥12,085,302.58, compared to a loss of ¥673,923.94 in the same period last year[20]. - The company received the "High-tech Enterprise Certificate" and passed the national re-certification for high-tech enterprises during the reporting period[13]. Future Plans and Adjustments - The board approved an adjustment to the fundraising project, increasing the target number of platform customers from 20,000 to 45,000[13]. - The company plans to adjust the fundraising project completion date to December 31, 2024[13]. Audit and Compliance - The third-quarter report was not audited, which may affect the reliability of the financial data presented[26]. - The company did not adjust the opening balance sheet items due to the new leasing standards, as it only has operating leases and short-term leases[25].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥159,130,228.05, a decrease of 37.21% compared to ¥253,449,804.89 in the same period last year[20]. - Net profit attributable to shareholders was ¥97,374,971.73, an increase of 52.56% from ¥63,825,399.41 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥812,373.55, down 96.97% from ¥26,832,967.62 in the previous year[20]. - The basic earnings per share increased by 51.95% to ¥0.117 from ¥0.077 in the same period last year[20]. - The total revenue for the first half of 2021 was 373 million CNY, with a gross profit margin of 246.75 million CNY, representing a significant increase compared to the previous period[116]. - Net profit for the first half of 2021 reached ¥96,263,197.50, an increase of approximately 53.5% from ¥62,681,372.86 in the first half of 2020[146]. - The company reported a profit margin of 60.5% in the first half of 2021, compared to 24.7% in the same period of 2020[146]. - The total comprehensive income for the first half of 2021 was ¥95,930,871.20, compared to ¥61,519,793.07 in the same period of 2020, reflecting an increase of approximately 55.8%[146]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,425,698,063.89, a decrease of 2.42% from ¥3,510,704,366.51 at the end of the previous year[20]. - The net assets attributable to shareholders were ¥3,159,889,501.51, a slight decrease of 0.13% from ¥3,164,066,051.06 at the end of the previous year[20]. - The company's cash and cash equivalents at the end of the reporting period were CNY 96,438,959.68, down from CNY 224,741,320.78 at the end of the previous year[48]. - Total liabilities decreased from CNY 289,224,130.18 to CNY 220,756,681.57, a decline of around 23.6%[138]. - Owner's equity decreased from CNY 3,221,480,236.33 to CNY 3,204,941,382.32, a slight decrease of about 0.5%[139]. Cash Flow - The net cash flow from operating activities improved to -¥31,185,196.06, a 34.59% improvement from -¥47,676,776.05 in the same period last year[20]. - The company reported a net cash flow from investment activities of 10,588,854.61 CNY, a turnaround from -187,199,952.81 CNY in the previous year, reflecting a substantial recovery[154]. - The total cash inflow from investment activities reached 3,984,245,338.59 CNY, significantly higher than 2,907,628,814.71 CNY in the same period last year, marking an increase of 37%[154]. - The total cash outflow from financing activities was 116,108,163.02 CNY, compared to 27,443,884.84 CNY in the previous period, indicating a significant increase in cash outflow[154]. Revenue Segments - The revenue from the electricity information collection system segment is ¥79,189,843.82, accounting for 49.76% of total revenue, which represents a significant decline of 54.69% from ¥174,754,490.54 in the previous year[40]. - Revenue from the electricity information collection system decreased by 54.69% year-on-year, with a gross margin of 35.94%[42]. - Revenue from the collector and terminal products fell by 54.99% year-on-year, with a gross margin of 34.48%[43]. - The sales revenue from the cabinet manufacturing segment increased by 7.19% to ¥51,369,891.17, compared to ¥47,923,328.61 in the previous year[40]. Investments and R&D - Research and development expenses for the current period are ¥19,957,790.96, a slight decrease of 1.20% from ¥20,200,639.86 in the previous year[39]. - The company reported an investment income of CNY 105,035,353.02, accounting for 90.38% of total profit[45]. - The company has a total of 29 invention patents as of the end of the reporting period, reflecting its ongoing commitment to innovation[34]. Corporate Governance and Compliance - The financial report for the first half of 2021 was not audited[134]. - The company has not engaged in any derivative investments during the reporting period[59]. - The company has not conducted any significant mergers or acquisitions during the reporting period[81]. - The company received an administrative penalty of 280,000 yuan for environmental violations, but it did not significantly impact operations[77]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[83]. Shareholder Information - The total number of shares outstanding is 834,049,096, with 94.57% being unrestricted shares[123]. - The largest shareholder, Nanjing New Link Entrepreneurship Park Management Co., Ltd., holds 39.09% of shares, totaling 326,068,903 shares, with a decrease of 2,520,000 shares during the reporting period[125]. - Total number of common shareholders at the end of the reporting period is 39,566[125]. Market and Operational Risks - The company faces policy risks related to its main business, which relies heavily on the development of the domestic power industry and the strategies of major clients like State Grid Corporation[65]. - To mitigate human resource risks, the company has implemented a competitive compensation system and policies for talent retention and development[66]. - The company is closely monitoring the impact of the ongoing COVID-19 pandemic on its operations and supply chain[68].

Financial Performance - The company's operating revenue for Q1 2021 was ¥68,031,939.19, a decrease of 22.17% compared to ¥87,406,174.81 in the same period last year[8] - Net profit attributable to shareholders was ¥23,737,106.09, representing a slight increase of 1.80% from ¥23,317,492.64 year-on-year[8] - The net profit after deducting non-recurring gains and losses was -¥1,573,517.87, a decline of 139.66% compared to ¥3,967,241.89 in the previous year[8] - The basic earnings per share for the period was ¥0.0285, up 1.79% from ¥0.0280 in the same period last year[8] - The diluted earnings per share also stood at ¥0.0285, reflecting a 1.79% increase year-on-year[8] - The weighted average return on equity was 0.75%, a decrease of 0.06% from 0.81% in the previous year[8] - Total operating revenue for Q1 2021 was CNY 32,024,276.84, a decrease of 42.2% compared to CNY 55,365,558.75 in the same period last year[58] - Net profit for Q1 2021 reached CNY 22,911,862.80, representing an increase of 3.8% from CNY 22,070,350.34 in Q1 2020[56] - Operating profit for Q1 2021 was CNY 27,299,265.56, up 11.5% from CNY 24,605,864.49 in the previous year[55] - Total comprehensive income for Q1 2021 was CNY 22,579,536.50, compared to CNY 22,070,350.34 in the previous year[56] Cash Flow and Assets - The net cash flow from operating activities improved to -¥39,807,375.16, a 32.53% increase from -¥59,002,957.17 in the same period last year[8] - Cash and cash equivalents decreased by 45.19% to ¥123,189,036.23 due to the purchase of financial products during the reporting period[16] - The total current assets amounted to ¥3.00 billion, slightly down from ¥3.03 billion at the end of 2020, indicating a decrease of about 1%[46] - The company's cash and cash equivalents decreased to ¥78,248,092.85 from ¥156,147,566.26, a decline of 50%[50] - The cash and cash equivalents at the end of the period were 111,932,097.38 CNY, down from 199,229,580.11 CNY, reflecting a decrease of 43.8%[64] - The cash inflow from operating activities was CNY 99,656,322.88, down from CNY 110,716,851.30 in Q1 2020[61] - The cash outflow for purchasing goods and services was 61,433,821.37 CNY, down from 70,081,057.46 CNY, showing a decrease of 12.5%[65] Investments and Financial Management - Investment income increased by 53.15% to ¥33,540,175.45, primarily due to increased financial investment returns[16] - The company has engaged in entrusted financial management with a total amount of 389.567 million yuan, of which 251.723 million yuan remains unexpired[29] - The company has invested 10 million yuan in wealth management products with Huatai Securities, with expected annualized returns ranging from 0.1% to 6.1%[31] - The total amount of financial assets under management reached ¥204.50 billion, with a significant portion allocated to fixed income securities[38] - The cash inflow from recovering investments was 1,249,297,595.75 CNY, significantly higher than 732,748,125.78 CNY in the previous period, marking a 70.4% increase[65] Liabilities and Equity - Total liabilities decreased to ¥222,788,921.00 from ¥289,224,130.18, representing a reduction of 22.9%[48] - The total equity attributable to shareholders increased to ¥3,177,452,997.16 from ¥3,164,066,051.06, an increase of 0.4%[49] - The company reported a decrease in short-term borrowings, remaining stable at ¥20,000,000.00[48] - The non-current liabilities totaled ¥11,493,280.22, slightly down from ¥12,391,562.82, a decrease of 7.2%[48] Operational Efficiency - Sales expenses decreased by 34.06% to ¥4,070,512.11, attributed to the optimization of the sales team structure and the implementation of new revenue recognition standards[16] - The total operating costs for Q1 2021 were CNY 70,870,216.64, a decrease of 18.2% from CNY 86,675,970.04 in the same period last year[55] - Research and development expenses for Q1 2021 totaled CNY 9,809,614.87, slightly down from CNY 10,411,095.07 in the same period last year[55] Future Outlook and Strategic Initiatives - The company has plans for future product development and market expansion, although specific details were not disclosed in the report[37] - The company has confirmed that there are no major discrepancies affecting contract amounts by more than 30%[27] - The company has not reported any significant changes in expected net profit for the first half of 2021 compared to the previous year[27]

Financial Performance - The company's operating revenue for 2020 was ¥574,921,920.35, a decrease of 20.14% compared to ¥719,887,134.82 in 2019[18]. - The net profit attributable to shareholders in 2020 was ¥183,399,028.77, representing a 9.97% increase from ¥166,772,208.50 in 2019[18]. - The basic earnings per share for 2020 was ¥0.22, up 10.00% from ¥0.20 in 2019[18]. - The total assets at the end of 2020 were ¥3,510,704,366.51, an increase of 1.98% from ¥3,442,609,725.12 at the end of 2019[18]. - The net assets attributable to shareholders increased by 6.43% to ¥3,164,066,051.06 at the end of 2020 from ¥2,972,800,459.25 at the end of 2019[18]. - The net cash flow from operating activities was ¥150,134,074.49, a decrease of 8.83% compared to ¥164,670,333.70 in 2019[18]. - The company reported a weighted average return on equity of 5.97% for 2020, compared to 5.71% in 2019[18]. Revenue Breakdown - The revenue from the electricity information collection business was CNY 385.03 million, down 17.57% year-on-year, accounting for 66.97% of total revenue[39][46]. - The smart electricity cloud service business generated CNY 48.52 million, a significant decline of 40.47% compared to the previous year, representing 8.44% of total revenue[46]. - The company's total revenue for Q1, Q2, Q3, and Q4 were approximately ¥87.41 million, ¥166.04 million, ¥157.93 million, and ¥163.55 million respectively, showing a strong performance throughout the year[22]. - Net profit attributable to shareholders for the same quarters was approximately ¥23.32 million, ¥40.51 million, ¥61.51 million, and ¥58.06 million, indicating significant growth in profitability[22]. Investment and R&D - The company invested CNY 45.80 million in R&D, which is 7.97% of total operating revenue, and obtained 2 new national invention patents[42]. - The company reported a total of 29 invention patents by the end of the reporting period, reflecting its strong commitment to research and development[34]. - The company has established a post-doctoral innovation practice base and passed the high-tech enterprise re-examination[42]. - The company has focused on continuous innovation, achieving several awards for technological advancements in the electricity sector, which strengthens its competitive edge[34]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly, with Q4 showing a positive cash flow of approximately ¥152.50 million compared to a negative cash flow of approximately ¥59.00 million in Q1[22]. - The net cash flow from investment activities turned negative, with a net outflow of approximately 339.55 million yuan, a significant decrease compared to the previous year[62][63]. - The total amount of cash and cash equivalents decreased by approximately 212.52 million yuan, reflecting a 193.08% decline compared to the previous year[63]. - The company's trading financial assets increased significantly by 69.15% to CNY 2,427,564,748, mainly due to the purchase of financial products during the reporting period[67]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥1.20 per 10 shares, totaling approximately ¥100,000,000 based on 834,049,096 shares[6]. - The proposed cash dividend for 2020 is 1.20 CNY per share, amounting to a total of 100,085,891.52 CNY, which represents 54.57% of the net profit attributable to shareholders[98]. - The company has committed to maintaining a cash dividend ratio of at least 40% during its mature development stage[98]. - The company has committed to distributing no less than 10% of the annual distributable profits in cash over the next three years, with a cumulative distribution of at least 30% of the average annual distributable profits during this period[100]. Corporate Governance and Compliance - The company has not experienced any changes in its controlling shareholder since its listing[17]. - The company does not have any significant uncertainties regarding its ability to continue as a going concern[19]. - The company has not faced any major litigation or arbitration matters during the reporting period[108]. - The company has maintained normal performance of commitments made regarding avoiding competition and tax liabilities related to share transfers[100]. Operational Efficiency and Management - The internal management system was further improved, enhancing decision-making efficiency and operational compliance[43]. - The company will focus on developing a variety of products and improving product functionality to enhance its competitive edge in the market[91]. - The company has established a comprehensive quality management system to monitor product quality throughout the entire process[143]. - The company has implemented a performance assessment system to enhance employee motivation and competitiveness[180]. Employee and Workforce Information - The company employed a total of 927 staff, with 239 in the parent company and 688 in major subsidiaries[178]. - The professional composition of employees includes 410 production personnel, 105 sales personnel, and 313 technical personnel[179]. - The company has 31 employees with a master's degree or above, and 246 with a bachelor's degree[179]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.26 million[177]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit by environmental protection authorities and has obtained ISO14001 environmental management system certification[141]. - The company emphasizes employee welfare, providing competitive compensation and a comfortable working environment[144]. - The company has a solid understanding of electricity user needs and has developed an environmental facility monitoring system to support ecological management[89]. Future Plans and Strategic Direction - The company has established a strategy to transition from an electricity equipment supplier to a comprehensive energy service provider[90]. - The company aims to increase the number of platform customers for its smart electricity cloud service to meet project planning goals while ensuring data quality[91]. - The company plans to enhance service quality and response speed in its electricity information collection business to improve customer satisfaction[91].

Financial Performance - Operating revenue for the reporting period was ¥157,926,394.59, a decrease of 10.21% year-on-year[8]. - Net profit attributable to shareholders of the listed company was ¥61,513,156.84, representing a significant increase of 46.45% compared to the same period last year[8]. - Basic earnings per share rose by 48.00% to ¥0.074[8]. - The total operating revenue for Q3 2020 was ¥157,926,394.59, a decrease of 10.1% compared to ¥175,875,884.07 in the same period last year[54]. - The net profit for Q3 2020 reached CNY 61,141,534.64, compared to CNY 41,873,776.65 in Q3 2019, indicating an increase of about 46.0%[56]. - The total profit for Q3 2020 was CNY 72,000,593.48, an increase from CNY 48,563,772.63 in the same quarter last year, which is an increase of approximately 48.2%[55]. - The company's total operating costs for Q3 2020 were CNY 128,603,645.16, down from CNY 147,953,936.50 in the same quarter last year, a reduction of about 13.1%[55]. - The total comprehensive income for Q3 2020 was CNY 61,629,190.49, compared to CNY 41,873,776.65 in Q3 2019, showing an increase of approximately 47.2%[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,472,493,387.56, an increase of 0.87% compared to the end of the previous year[8]. - Total liabilities decreased to ¥318,541,483.36 from ¥399,799,442.14 year-over-year, reflecting a reduction of approximately 20.3%[47]. - The total current liabilities were reported at ¥306,945,568.94, down from ¥388,194,787.77, a decrease of approximately 21%[47]. - Non-current assets totaled ¥455,170,884.20, down from ¥488,281,389.11, reflecting a decrease of about 6.8%[46]. - The company's total assets at the end of Q3 2020 were CNY 411,376,199.48, down from CNY 464,692,013.96 at the end of the previous year, reflecting a decrease of about 11.4%[62]. - The company's total current assets reached ¥3,017,322,503.36, compared to ¥2,954,328,336.01 at the end of 2019, indicating an increase of about 2.1%[45]. Cash Flow - The net cash flow from operating activities was ¥45,306,100.24, a substantial increase of 908.80% compared to the previous year[8]. - The net cash flow from operating activities decreased by 105.49% to -¥2,370,675.81 due to reduced cash received from sales and increased tax payments[16]. - The net cash flow from investing activities increased by 846.63% to ¥80,600,639.53 primarily due to an increase in short-term financial product purchases[16]. - The company's cash flow from financing activities improved by 82.25% to -¥21,514,254.53 due to a decrease in dividends compared to the previous period[16]. - The cash flow from sales of goods and services decreased to 249,555,580.36 CNY, down 17.1% from 301,265,595.09 CNY, reflecting reduced market demand[72]. - The company reported a cash flow deficit from financing activities of -21,514,254.53 CNY, an improvement from -121,239,788.18 CNY in the previous period, suggesting better management of financing costs[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 44,225[11]. - The largest shareholder, Nanjing Xinyuan Entrepreneurship Park Management Co., Ltd., holds 39.40% of the shares[11]. - The company did not engage in any repurchase transactions during the reporting period[13]. Investments and Contracts - The company completed the acquisition of shares in its subsidiaries, including Nanjing New Link Smart Energy Service Co., Ltd.[17]. - The company has invested a total of ¥351,484 million in entrusted financial management products, with ¥198,155 million remaining unexpired[28]. - The company has a significant contract with State Grid for specialized transformer collection terminals, with a total contract value of ¥4,938.83 million, which is currently in progress[26]. - The company has completed contracts with State Grid subsidiaries totaling ¥6,062.97 million, with sales revenue recognized for this amount[26]. Financial Management - The company reported a credit impairment loss of ¥2,273,580.73, a decrease of 353.71% compared to the previous period[16]. - The company is actively managing its idle funds through various financial products, including bank and trust financial products[28]. - The financial report indicates a stable liquidity position with no expected impairment on entrusted financial management[37]. - The company continues to focus on maintaining its asset management strategies without significant changes in its operational approach[36]. Research and Development - The company's research and development expenses for Q3 2020 were CNY 11,157,810.19, slightly down from CNY 12,333,553.24 in Q3 2019, indicating a decrease of about 9.5%[55]. - The company's research and development expenses for Q3 2020 were CNY 31,358,450.05, down by 15% from CNY 36,840,265.33 in the previous year[64]. Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[39]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[40]. - The company did not engage in any research, communication, or interview activities during the reporting period[41]. - The company has not conducted an audit for the third-quarter report, indicating that the figures are unaudited[87].