Financial Performance - The company's operating revenue for the first half of 2023 was ¥939,980,587.97, representing a 9.02% increase compared to ¥862,220,126.72 in the same period last year[22]. - The net profit attributable to shareholders was ¥55,136,342.39, a significant increase of 69.94% from ¥32,444,619.45 in the previous year[22]. - Basic earnings per share rose to ¥0.33, up 65.00% from ¥0.20 in the previous year[22]. - The gross profit margin improved to 15.58%, up by 2.80% from the previous year, with operating costs rising by 5.52% to ¥793.53 million[46]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which was ¥53,438,917.80, up 82.22% from ¥29,326,338.86 in the previous year[22]. - The total comprehensive income for the first half of 2023 was CNY 55,087,498.77, up from CNY 31,953,741.94 in the same period of 2022[125]. - The company reported a notable 71.46% increase in revenue from the Central South region, reaching ¥139.36 million, compared to ¥81.28 million in the previous year[45]. Cash Flow and Investments - The net cash flow from operating activities reached ¥17,734,027.23, marking a 105.36% increase compared to ¥8,635,681.98 in the same period last year[22]. - The company reported a significant increase in net cash flow from investing activities, which rose by 108.41% to ¥102.23 million, mainly from the maturity of bank wealth management products[43]. - Cash inflow from investment activities was CNY 213,261,550.60, an increase from CNY 162,562,737.18 in the previous year[130]. - Cash flow from financing activities resulted in a net outflow of CNY 100,917,232.22, compared to a net outflow of CNY 20,431,864.88 in the previous year[131]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,701,087,141.98, a decrease of 3.25% from ¥1,758,160,383.75 at the end of the previous year[22]. - The total liabilities decreased from CNY 651,175,490.05 to CNY 545,288,549.51, a decline of about 16.24%[117]. - The company's equity attributable to shareholders rose to CNY 1,166,968,827.53 from CNY 1,118,106,285.14, an increase of approximately 4.36%[117]. - The company's inventory decreased by 3.53% to ¥341.60 million, while accounts receivable increased by 2.78% to ¥586.84 million, reflecting changes in working capital management[48]. Research and Development - Research and development investment increased by 21.42% to ¥29.24 million, indicating a strong commitment to innovation and product development[43]. - The company plans to increase its investment in research and development to support innovation and product enhancement[136]. - The company has allocated 13 million yuan for research and development to enhance its technological capabilities[140]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to focus on expanding into new product markets such as electric vehicle drive motors and servo motors to stabilize market share and profit levels[60]. - The company has established long-term stable strategic partnerships with major domestic and international motor manufacturers, enhancing its market presence[36]. - The company is focused on research and development of new products to drive future growth and market expansion[147]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion and analysis section, emphasizing the importance of risk awareness for investors[4]. - The company faces risks related to the traditional industry decline and talent resource shortages due to rapid business growth[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 60,338[101]. - The largest shareholder, Nantong Yida Enterprise Management Consulting Co., Ltd., holds 27.95% of the shares, totaling 46,150,000 shares[102]. - The company has a total of 165,100,000 shares issued, with 100% being ordinary shares[100]. Legal and Compliance - The company has not engaged in any related party transactions during the reporting period[81]. - There have been no significant asset or equity acquisitions or disposals during the reporting period[82]. - The financial report for the first half of 2023 has not been audited[113]. Corporate Social Responsibility - The company actively participates in social responsibility initiatives, including educational support and employee welfare programs[70].

江苏通达动力科技股份有限公司 独立董事关于公司控股股东及其他关联方占用公司资金、 公司对外担保情况的专项说明和独立意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司独立董事规则》 《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号—— 主板上市公司规范运作》等相关法律、法规、规范性文件以及《江苏通达动力科技股份 有限公司章程》《江苏通达动力科技股份有限公司独立董事工作制度》等有关规定，我 们作为江苏通达动力科技股份有限公司（以下简称"公司"）独立董事，就公司报告期 内对外担保情况、公司控股股东及其他关联方占用资金情况发表独立意见如下： 1、报告期内，公司对外担保情况 作为公司独立董事，对公司及子公司对外担保情况进行了核查，经核查：报告期内， 公司不存在为股东及其他关联方、任何非法人单位或个人提供担保的情况，不存在违规 对外担保的情况，也不存在以前年度发生并累计至报告期末的违规对外担保情况。公司 累计和当期对外担保金额为零。 （本页无正文，为《江苏通达动力科技股份有限公司独立董事关于公司控股股东及其他 关联方占用公司资金、公司对外担保情况的专项说明和独立意见》的签字页 ...

江苏通达动力科技股份有限公司 2023 年半年度非经营性资金占用及其他关联资金往来情况汇总表 法定代表人：姜煜峰 主管会计工作负责人：卢应伶 会计机构负责人（会计主管人员）：周艳锋 单位：万元 | | | 占用方与上 | 上市公司 | 2023 年期 | 2023 年 1-6 占用累计发生 | 月 | 2023 年 1-6 月占用资金 | | 2023 年 1- 月偿还 | 2023 年 | 6 占用形 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 市公司的关 | 核算的会 计科目 | 初占用资 金余额 | 金额（不含利 | | 的利息(如 | | 6 累计发生 | 月末占用 资金余额 | 成原因 | 占用性质 | | | | 联关系 | | | 息） | | 有) | | 金额 | | | | | 控股股东、实际控制人 及其附属企业 | | | | | | | | | | | | 非经营性占用 | | 小计 | - | - | - | | | ...

Financial Performance - The company's operating revenue for 2022 was ¥1,752,416,803.17, a decrease of 12.76% compared to ¥2,008,778,333.76 in 2021[24] - The net profit attributable to shareholders for 2022 was ¥67,497,027.57, down 34.22% from ¥102,604,556.52 in 2021[24] - The net cash flow from operating activities was negative at ¥-85,580,240.07, a decline of 572.48% compared to ¥18,112,842.59 in 2021[24] - Basic earnings per share decreased by 33.87% to ¥0.41 in 2022 from ¥0.62 in 2021[24] - Total assets at the end of 2022 were ¥1,758,160,383.75, an 8.66% decrease from ¥1,924,872,809.05 at the end of 2021[24] - The net profit after deducting non-recurring gains and losses was ¥59,692,197.35, a decrease of 34.12% from ¥90,611,995.66 in 2021[24] - The company reported a weighted average return on equity of 6.19% for 2022, down from 10.05% in 2021[24] - The company reported a significant reduction in financial expenses by 79.95%, primarily due to foreign exchange gains[58] - The company achieved a net profit attributable to shareholders of 67,497,027.57 yuan for the year 2022, with the parent company reporting a net profit of 76,586,252.68 yuan[122] Revenue and Sales - In 2022, the company's total revenue for the four quarters was approximately CNY 1.77 billion, with the highest revenue in Q3 at CNY 495.60 million[28] - The net profit attributable to shareholders for the year was CNY 67.50 million, with Q2 showing the highest quarterly profit of CNY 22.33 million[28] - The revenue from rotor and stator laminations was ¥1,256,362,848.95, accounting for 71.69% of total revenue, showing a slight decrease of 0.41% from the previous year[50] - The company’s revenue from electrical equipment increased by 48.42% to ¥8,515,668.74, compared to ¥5,737,716.28 in 2021[50] - Sales in the foreign trade sector increased by 26.71% year-over-year, reaching ¥366,593,604.80, with a gross profit margin of 24.78%[51] - The total sales volume decreased by 3.44% to 124,166.67 tons in 2022 compared to 2021[52] Assets and Liabilities - The total assets composition showed a significant increase in accounts receivable, which rose from 20.20% to 31.72% of total assets, while cash and cash equivalents decreased from 12.26% to 10.65%[64] - The company reported a total inventory balance of ¥415,152,799.43 as of December 31, 2022, with a provision for inventory impairment of ¥27,380,488.91, representing 23.61% of total consolidated assets[190] - Cash and cash equivalents decreased to ¥187,280,613.05 from ¥235,911,828.95 at the beginning of the year, indicating a decline of approximately 20.5%[200] - Accounts receivable increased significantly to ¥557,674,047.35 from ¥388,901,230.16, reflecting a growth of about 43.5% year-over-year[200] Operational Efficiency - The company achieved a 100% automation rate for its new energy vehicle motor lamination products, enhancing production efficiency[42] - The company’s production automation rate reached 95%, significantly improving operational efficiency[42] - The company is focused on developing high-efficiency and new energy motors, with a diverse product structure and sufficient orders in hand[40] - The company emphasizes continuous optimization of product structure to maintain high capacity utilization[40] - The company is currently developing new technologies and products, including automated welding equipment and advanced production lines to enhance efficiency and reduce labor intensity[60] Market Position and Strategy - The company operates in a highly competitive electric motor industry, facing strong competitors such as Shenli, Tengpu, and Youle[35] - The company maintains a strong customer base with significant cooperation from leading engine and motor manufacturers, ensuring high customer retention[39] - The company is focusing on expanding into new markets such as new energy vehicles and servo motors to create new growth points[78] - The company plans to enhance its market competitiveness and profitability through management mechanism adjustments and product structure optimization[78] - The company is focused on expanding its market presence through new product development and technological advancements in the electric vehicle sector[60] Governance and Management - The company has established a complete independent financial management system, with no mixed tax situations and independent bank accounts for subsidiaries[97] - The board of directors held 7 meetings during the reporting period, with full attendance and active participation in decision-making[87] - The company has a clear organizational structure with defined responsibilities, ensuring independent operation of various departments[95] - The company has a robust information disclosure system, ensuring timely and accurate communication with investors through designated media[89] - The company has established independent operational systems for production, procurement, and sales, ensuring no reliance on shareholders for business activities[93] Research and Development - The company is actively involved in research and development, particularly in the field of silicon steel stamping technology[106] - The company has established a dedicated R&D team, increasing its budget by 50% to accelerate innovation and product development[139] - The number of R&D personnel increased by 40.29% from 139 in 2021 to 195 in 2022, representing 16.58% of the total workforce[61] - R&D investment amounted to ¥52,631,833.89 in 2022, a slight decrease of 0.94% from ¥53,133,308.64 in 2021, while the R&D investment as a percentage of operating revenue rose to 3.00% from 2.65%[61] Social Responsibility and Sustainability - The company actively engages in social responsibility initiatives, including educational support and employee welfare programs[132] - The company emphasizes a business philosophy that prioritizes environmental sustainability, aiming to reduce energy consumption and resource waste[133] Future Outlook - The company aims to achieve a revenue of 2.001 billion yuan and a net profit of 85.21 million yuan for the fiscal year 2023[79] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[139] - Future guidance includes an expected EBITDA margin improvement to 20% by the end of the next fiscal year, driven by operational efficiencies and revenue growth[140]

Financial Performance - The company's operating revenue for Q1 2023 was ¥501,169,765.55, representing a 12.23% increase compared to ¥446,571,849.45 in the same period last year[4] - Net profit attributable to shareholders was ¥25,460,215.67, a significant increase of 151.82% from ¥10,110,552.34 year-on-year[4] - Basic earnings per share rose to ¥0.1542, up 151.96% from ¥0.0612 in the same quarter last year[4] - The company reported a 135.79% increase in operating profit, primarily driven by the growth in sales revenue[7] - The net profit for Q1 2023 was CNY 25,371,770.80, a significant increase of 161.5% compared to CNY 9,702,835.91 in Q1 2022[15] - Operating profit reached CNY 27,704,670.27, up 135.9% from CNY 11,749,702.44 in the same period last year[15] Cash Flow - The net cash flow from operating activities increased by 32.69%, reaching ¥4,412,977.50 compared to ¥3,325,839.31 in the previous year[4] - Cash flow from operating activities generated a net amount of CNY 4,412,977.50, compared to CNY 3,325,839.31 in Q1 2022, reflecting a 32.7% increase[17] - The company reported a net cash inflow from investment activities of CNY 20,176,002.30, a turnaround from a net outflow of CNY 99,682,952.22 in the previous year[18] - The cash flow from financing activities showed a net inflow of CNY 29,272,226.11, down from CNY 45,541,422.22 in the previous year, indicating a decrease of 35.9%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,790,976,397.54, reflecting a 1.87% increase from ¥1,758,160,383.75 at the end of the previous year[4] - Total liabilities at the end of Q1 2023 were ¥658,619,733.04, compared to ¥651,175,490.05 at the beginning of the year, showing a slight increase of 1.4%[12] - Cash and cash equivalents at the end of Q1 2023 amounted to ¥255,163,115.83, up from ¥187,280,613.05 at the beginning of the year, representing a growth of 36.3%[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,553[9] Research and Development - Research and development expenses increased by 38.90%, indicating a focus on innovation and product development[7] - The company reported R&D expenses of ¥15,862,773.71 for Q1 2023, up from ¥11,420,010.22 in Q1 2022, indicating a significant increase of 38.5%[14] Inventory and Receivables - Accounts receivable increased to ¥605,826,074.71 from ¥557,674,047.35, indicating a rise of 8.6%[11] - Inventory decreased to ¥348,009,756.97 from ¥415,152,799.43, showing a decline of 16.2%[11] Government Support - The company received government subsidies amounting to ¥261,796.23, contributing positively to its financial performance[5] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[15]

Group 1: Company Overview and Market Position - The company specializes in the research, production, sales, and service of motor stator and rotor stamping parts and cores, being one of the earliest in China to do so [2] - The company has established core competitive advantages through years of development, with a complete product range, advanced technology, and leading production scale [2] - The motor industry is currently experiencing a difficult adjustment period after over ten years of rapid growth, leading to a decline in sales, profitability, and profit margins [3] Group 2: Strategic Transformation - The company is actively promoting the transformation from traditional manufacturing to a high-tech enterprise, focusing on military informationization and intelligent equipment as core development strategies [3] - A cooperation intention letter has been signed with Tianjin New Qing Research Investment Management Co., Ltd. and Tsinghua University Tianjin High-end Equipment Research Institute for the industrialization of electron beam selective 3D printing technology [3] - The company established Tianjin Tongda Dalili Technology Co., Ltd. to enter the military and police vehicle and automated equipment market, using "multi-functional maintenance units for artillery" and "light armored rapid response vehicles" as breakthrough technologies [3] Group 3: Acquisitions and Market Expansion - The company successfully acquired 60% of Shenzhen Yiwier Information Technology Co., Ltd. in 2015 to serve as a major platform for military informationization development [3] - The acquisition aims to help the company enter the radar and information security market, further executing its core development strategy of military informationization and intelligentization [3] - The company plans to continue executing its military informationization and intelligentization strategy through mergers, acquisitions, and technology integration [3] Group 4: Military Orders and Future Outlook - Military orders are currently difficult to obtain, but the situation is expected to improve with ongoing military reforms [4] - The company emphasizes its commitment to transparency and compliance during investor relations activities, ensuring no significant undisclosed information is leaked [4]

Financial Performance - Revenue for Q3 2022 was CNY 495,596,258.12, a decrease of 5.55% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 16,242,895.45, down 42.52% year-on-year[5] - Basic earnings per share decreased by 42.52% to CNY 0.0984[5] - Total operating revenue for Q3 2022 was CNY 1,357,816,384.84, a decrease of 8.5% compared to CNY 1,483,674,039.90 in the same period last year[15] - Operating profit for Q3 2022 was CNY 56,706,681.33, a decline of 45.2% compared to CNY 103,610,211.85 in the previous year[15] - Net profit attributable to shareholders for Q3 2022 was CNY 36,000,000, reflecting a decrease from the previous year's profit[15] - The net profit for Q3 2022 was CNY 48,486,317.13, a decrease of 46.4% compared to CNY 90,464,547.29 in Q3 2021[16] - The total comprehensive income attributable to the parent company was CNY 48,687,514.90, a decrease of 46.5% from CNY 91,019,076.21 in Q3 2021[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,738,304,411.45, a decline of 9.69% from the previous year[5] - Total assets as of September 30, 2022, amounted to CNY 1,738,304,411.45, down from CNY 1,924,872,809.05 at the beginning of the year[13] - Total liabilities decreased to CNY 649,633,600.01 from CNY 871,480,314.74 at the start of the year, indicating a reduction of 25.5%[13] - Current assets totaled CNY 1,413,256,856.13, down from CNY 1,612,212,139.02 at the beginning of the year[12] - Inventory as of September 30, 2022, was CNY 432,452,399.45, a decrease from CNY 478,821,835.57 at the start of the year[12] - Cash and cash equivalents were CNY 201,181,848.13, down from CNY 235,911,828.95 at the beginning of the year[12] Cash Flow - Cash flow from operating activities decreased by 49.98% to CNY 10,591,772.52[9] - The net cash flow from operating activities was CNY 10,591,772.52, down 50.0% from CNY 21,176,087.07 in the same period last year[17] - The cash flow from investment activities showed a net inflow of CNY 42,740,730.17, compared to a net outflow of CNY 87,052,897.37 in the previous year[18] - The cash flow from financing activities resulted in a net outflow of CNY 55,196,873.21, contrasting with a net inflow of CNY 63,182,930.30 in Q3 2021[18] - The company’s total operating cash inflow was CNY 1,219,249,725.51, an increase of 16.0% from CNY 1,051,430,568.82 in the previous year[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,355[9] - Basic and diluted earnings per share were CNY 0.2949, down from CNY 0.5513 in the same quarter last year[16] Research and Development - The company reported R&D expenses of CNY 40,944,721.94 for Q3 2022, an increase from CNY 38,944,245.73 in the same period last year[15] Other Financial Metrics - The company reported a 45.27% decline in operating profit due to product structure adjustments and raw material price fluctuations[9] - Non-recurring gains and losses totaled CNY 1,496,323.59 for the current period[6] - The company experienced a 54.93% decrease in trading financial assets due to the maturity of financial products[9] - The company received government subsidies, contributing to an increase in deferred income by 116.7%[9] - The company received CNY 249,100,000.00 in borrowings, an increase of 49.0% compared to CNY 167,000,000.00 in the previous year[18]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥862,220,126.72, a decrease of 10.09% compared to ¥958,961,718.43 in the same period last year[25]. - The net profit attributable to shareholders was ¥32,444,619.45, down 48.30% from ¥62,758,985.15 year-on-year[25]. - The net cash flow from operating activities was ¥8,635,681.98, reflecting a significant decline of 71.11% compared to ¥29,895,728.91 in the previous year[25]. - Basic earnings per share decreased to ¥0.20, down 47.37% from ¥0.38 in the same period last year[25]. - Total assets at the end of the reporting period were ¥1,797,156,849.85, a decrease of 6.64% from ¥1,924,872,809.05 at the end of the previous year[25]. - The company's weighted average return on equity was 3.02%, down 3.25% from 6.27% in the same period last year[25]. - The net profit after deducting non-recurring gains and losses was ¥29,326,338.86, a decrease of 51.79% compared to ¥60,836,620.71 in the previous year[25]. - The company's revenue for the reporting period was ¥862,220,126.72, a decrease of 10.09% compared to ¥958,961,718.43 in the same period last year[48]. - The cost of sales decreased by 7.59% to ¥752,020,190.12 from ¥813,746,419.67, resulting in a gross margin of 12.78%[52]. - Research and development expenses increased by 2.97% to ¥24,077,366.38 from ¥23,383,791.95[48]. - The company reported a total of 200,814,330.91 CNY in restricted assets at the end of the reporting period, primarily due to bank acceptance guarantee deposits and structured deposit pledges[56]. Strategic Initiatives - The company has strengthened its strategic cooperation with Baosteel to ensure stable supply of raw materials amid market fluctuations[37]. - The company is focusing on the rapid growth opportunities in the new energy vehicle and wind power sectors, leading to significant revenue growth in its new energy business segment[37]. - The company has automated 80% of its main processes, enhancing production efficiency and reducing costs[42]. - The company has established a joint laboratory with Baosteel for research on non-oriented silicon steel applications, aiming to innovate in motor design and manufacturing[42]. - The company is actively expanding its market presence and optimizing its product structure to strengthen its competitive position in the industry[40]. - The company is committed to technological innovation and has made significant contributions to carbon emission reduction through its high-efficiency motor products[41]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[145]. - The company is exploring potential mergers and acquisitions to strengthen its market presence and operational capabilities[145]. Market and Product Development - The company has a production capacity of over 200,000 tons of silicon steel sheets annually, with a specific capacity for new energy vehicles reaching 1.2 million units per year[40]. - The revenue from the core product, stator and rotor stamping, was ¥625,743,762.12, accounting for 72.57% of total revenue, with a year-on-year increase of 6.02%[50]. - The revenue from foreign trade increased by 53.83% to ¥184,124,040.59, representing 21.35% of total revenue[51]. - A new product line is expected to launch in Q3 2022, anticipated to contribute an additional 100 million yuan in revenue[80]. - The company has set a performance guidance for the next quarter, aiming for a revenue increase of approximately 10%[145]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[6]. - There were significant changes in the board of directors, with multiple new appointments on June 13, 2022, including the election of a new chairman[68]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[70]. - The company guarantees that there are no overlapping products or services between itself and the listed company, ensuring no competition exists[79]. - The company emphasizes the importance of maintaining independent operations and management structures between itself and its controlled enterprises[79]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[83]. - There were no violations regarding external guarantees during the reporting period[84]. - The semi-annual financial report was not audited[85]. Financial Health and Cash Flow - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2022, representing a year-on-year growth of 20%[80]. - Cash generated from operating activities decreased by 71.11% to ¥8,635,681.98 from ¥29,895,728.91, primarily due to increased material payments[48]. - The net cash from investment activities increased by 153.83% to ¥49,051,773.31 from -¥91,124,887.38, mainly due to the maturity of bank wealth management products[48]. - The company's cash and cash equivalents increased by 65.76% to ¥36,927,738.15 from ¥22,278,300.49, attributed to the maturity of bank wealth management products[48]. - Operating cash inflow for the first half of 2022 was CNY 872,338,500.69, an increase of 20.9% compared to CNY 721,132,359.15 in the first half of 2021[138]. - Cash flow from financing activities showed a net outflow of CNY 20,431,864.88 in the first half of 2022, contrasting with a net inflow of CNY 84,014,795.56 in the same period of 2021[139]. Challenges and Risks - The company faces risks related to the traditional industry decline, linked to macroeconomic changes, and plans to expand into new markets like electric vehicles and servo products[63]. - Talent acquisition remains a challenge due to the ongoing pandemic and economic conditions, prompting the company to enhance campus recruitment and automation efforts[64]. - The company did not experience any major litigation or arbitration matters during the reporting period[87]. - There were no significant related party transactions related to daily operations during the reporting period[88]. Shareholder Information - The company reported a total of 165,100,000 shares outstanding, with 99.59% being unrestricted shares and 0.41% being restricted shares[106]. - The number of shareholders at the end of the reporting period was 25,201, with the largest shareholder, Nantong Yida Enterprise Management Consulting Co., Ltd., holding 27.95% of the shares[109]. - The company increased its restricted shares by 2,512,483 due to the re-election of directors, resulting in a total of 3,197,229 restricted shares[106]. - The company’s major shareholder, Jiang Keyu, holds 3,349,977 shares, which are locked for 75% of his holdings[107]. - The company reported a total of 46,150,000 shares held by its controlling shareholder, Nantong Yida Enterprise Management Consulting Co., Ltd.[114]. Miscellaneous - The company has not disclosed any new product developments or technological advancements in this report[149]. - The financial statements are prepared based on the going concern assumption[160]. - The financial statements comply with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position, operating results, and cash flows as of June 30, 2022[162].

Financial Performance - The company's revenue for Q1 2022 was ¥446,571,849.45, representing a 6.16% increase compared to ¥420,678,849.65 in the same period last year[3] - Net profit attributable to shareholders decreased by 65.03% to ¥10,110,552.34 from ¥28,915,261.28 year-on-year[3] - Basic and diluted earnings per share dropped by 65.05% to ¥0.0612 from ¥0.1751 in the same period last year[3] - The net profit for Q1 2022 was CNY 9,702,835.91, a decrease of 66.0% compared to CNY 28,516,960.01 in Q1 2021[19] - The total comprehensive income for Q1 2022 was CNY 9,702,835.91, a decline of 66.0% from CNY 28,516,960.01 in Q1 2021[20] - The company incurred a total operating profit of CNY 11,749,702.44, significantly lower than CNY 32,901,601.25 in the previous year[19] Cash Flow and Liquidity - The net cash flow from operating activities fell by 35.10% to ¥3,325,839.31, down from ¥5,124,420.17 in the previous year[3] - The cash flow from operating activities showed a net inflow of CNY 3,325,839.31, down 35.2% from CNY 5,124,420.17 in Q1 2021[23] - The company’s cash and cash equivalents at the end of the first quarter were CNY 227,745,381.99, down from CNY 235,911,828.95 at the beginning of the year[13] - Cash and cash equivalents at the end of the period were CNY 90,843,971.84, down from CNY 138,767,513.08 at the end of Q1 2021[21] - Investment activities resulted in a net cash outflow of CNY 99,682,952.22, compared to a net outflow of CNY 112,896,557.25 in Q1 2021[23] - The company received CNY 80,100,000.00 from financing activities, down from CNY 102,000,000.00 in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,916,286,103.27, a decrease of 0.45% from ¥1,924,872,809.05 at the end of the previous year[3] - The total assets of the company as of March 31, 2022, were CNY 1,916,286,103.27, slightly down from CNY 1,924,872,809.05 at the beginning of the year[16] - The total liabilities decreased to CNY 853,190,773.05 from CNY 871,480,314.74, indicating a reduction in financial obligations[15] Operating Costs and Expenses - Total operating costs for the first quarter of 2022 amounted to CNY 430,618,481.01, compared to CNY 384,920,312.09 in the previous period, reflecting a significant increase[17] - The company reported a decrease in tax expenses to CNY 1,789,768.07 from CNY 4,898,506.51 in Q1 2021[19] - The company’s financial expenses increased by 136.91%, mainly due to rising interest costs[7] - The company reported research and development expenses of CNY 11,420,010.22 for the first quarter, up from CNY 10,368,319.21 in the previous period, highlighting a focus on innovation[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,252[9] - The company’s equity attributable to shareholders increased to CNY 1,073,927,809.91 from CNY 1,063,817,257.57, reflecting a positive trend in shareholder value[16] Inventory and Receivables - Accounts receivable increased to CNY 431,988,135.62 from CNY 388,901,230.16, indicating a growth in credit sales[13] - Inventory levels decreased to CNY 460,517,555.90 from CNY 478,821,835.57, suggesting improved inventory management[14]

Financial Performance - The company's operating revenue for 2021 was ¥2,008,778,333.76, representing a 32.51% increase compared to ¥1,515,931,646.24 in 2020[20] - The net profit attributable to shareholders for 2021 was ¥102,604,556.52, a 14.90% increase from ¥89,301,160.08 in 2020[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥90,611,995.66, up 12.67% from ¥80,425,033.70 in 2020[20] - The net cash flow from operating activities reached ¥18,112,842.59, a significant increase of 2,726.42% compared to ¥640,840.93 in 2020[20] - Basic earnings per share for 2021 were ¥0.62, reflecting a 14.81% increase from ¥0.54 in 2020[20] - The company's total assets increased by 42.77% year-on-year, reaching CNY 1,924,872,809.05 at the end of 2021[21] - The net assets attributable to shareholders rose by 8.81% year-on-year, amounting to CNY 1,063,817,257.57 at the end of 2021[21] - The company reported a total revenue of 912.995 million in the fiscal year 2021[97] Market and Product Development - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[6] - The company is focusing on market expansion and new project development, particularly in the new energy vehicle and wind power sectors, despite some market impacts from the pandemic[35] - The company is actively developing new products and technologies to enhance market competitiveness, including advancements in electric motor manufacturing[56] - The company has established a joint laboratory with Baosteel to enhance technical support for customer-specific material requirements[43] - The company has maintained a competitive position in the electric motor industry, facing strong competition from major players like Shenli and Tengpu[30] Operational Efficiency - The company has achieved 80% automation in its main processes, enhancing production efficiency and capacity[37] - The company employs a customized production model, ensuring products meet specific client requirements through a structured process involving marketing, technical, and operational departments[33] - The company is actively managing material inventory to mitigate the impact of fluctuating silicon steel prices, which are critical for its core products[35] - The company has implemented a comprehensive quality management system, achieving multiple certifications including IATF16949:2019 and ISO9001:2015[38] Financial Management - The total operating costs amounted to ¥1,727,387,161.42, reflecting a year-on-year increase of 33.37%[50] - Research and development expenses increased by 53.74% to ¥53,133,308.64, indicating a focus on innovation[54] - The financial expenses surged by 528.74% to ¥11,529,070.11, primarily due to increased interest expenses[54] - The company reported a cash dividend of 0.80 yuan per 10 shares, totaling 13,208,000 yuan, which represents 100% of the total profit distribution[121] Governance and Compliance - The company has a governance structure that complies with legal requirements, with no significant discrepancies from regulations set by the China Securities Regulatory Commission[87] - The supervisory board consists of 3 members, including a representative from employees, ensuring effective oversight of financial and managerial compliance[85] - The company actively engages in investor relations, ensuring transparent communication and compliance with information disclosure regulations[86] - The internal control audit report was issued with a standard unqualified opinion, and there were no major defects in non-financial reporting[132] Environmental and Social Responsibility - The company focused on producing and selling products that reduce carbon emissions, significantly increasing the sales ratio of wind power and new energy vehicle motor cores during the reporting period[137] - The company improved energy efficiency by managing energy consumption during manufacturing, increasing the use of clean energy such as natural gas, and implementing energy-saving measures like LED lighting and industrial fans[138] - The company has maintained a commitment to corporate social responsibility, ensuring employee rights and engaging in community support activities[138] Risks and Challenges - The company has identified risks related to the decline of its traditional business and talent resource shortages, which may impact its sustainable development[79] - The company has not engaged in any significant litigation or arbitration matters during the reporting period[147] - There were no major environmental penalties or corrective actions taken against the company during the reporting period[148]