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]

Financial Performance - Revenue for Q3 2021 reached ¥524,712,321.47, an increase of 27.95% year-over-year, and cumulative revenue for the year-to-date was ¥1,483,674,039.90, up 31.27% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥28,260,091.06, a 9.32% increase year-over-year, with a year-to-date net profit of ¥91,019,076.21, reflecting a 50.62% increase[3] - Basic earnings per share for Q3 2021 was ¥0.1712, up 9.32% year-over-year, and year-to-date earnings per share was ¥0.5513, an increase of 50.63%[3] - The company's net profit attributable to shareholders was CNY 315,446,116.28, compared to CNY 240,937,040.07 in the previous period, showing a growth of 31.0%[16] - The net profit for Q3 2021 was CNY 90,464,547.29, an increase of 50.9% compared to CNY 59,947,788.10 in Q3 2020[18] - The operating profit for the quarter reached CNY 103,610,211.85, up from CNY 66,503,780.11, reflecting a growth of 55.8% year-over-year[18] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥1,777,650,349.07, representing a 31.85% increase from the end of the previous year[3] - Total assets reached CNY 1,777,650,349.07, up from CNY 1,348,187,454.69, indicating a growth of 31.8%[16] - Total liabilities increased to CNY 735,617,944.69 from CNY 380,109,597.60, reflecting a rise of 93.5%[15] Cash Flow - Cash flow from operating activities showed a net decrease of 58.99% year-to-date, primarily due to increased payments for materials[8] - Cash flow from operating activities was CNY 21,176,087.07, a decrease of 59.0% compared to CNY 51,640,325.92 in the same period last year[21] - The company incurred a total operating cash outflow of CNY 1,030,254,481.75, compared to CNY 786,227,096.13 in Q3 2020, reflecting an increase of 31.0%[21] - The net cash flow from investing activities was negative at CNY -87,052,897.37, worsening from CNY -57,528,214.55 in the previous year[21] - Cash and cash equivalents increased to CNY 242,329,776.48 from CNY 187,651,695.64, reflecting a growth of 29.1%[13] - Cash and cash equivalents at the end of the period were CNY 142,815,843.85, a decrease from CNY 126,979,788.98 year-over-year[21] Inventory and Receivables - Inventory rose by 63.05%, attributed to an increase in sales orders[7] - Inventory levels increased significantly to CNY 426,070,853.41, compared to CNY 261,314,977.06, marking a growth of 63.1%[14] - Accounts receivable rose to CNY 388,519,137.80, a 26.8% increase from CNY 306,465,468.92 at the end of the previous year[13] Financial Expenses and Borrowings - Short-term borrowings increased by 100%, primarily due to the increase in bank acceptance bill discounts and short-term loans[7] - The company reported a 408.7% increase in financial expenses, mainly due to higher interest costs[7] Research and Development - Research and development expenses for the period were CNY 38,944,245.73, slightly up from CNY 38,111,250.21, indicating a focus on innovation[16] Other Financial Metrics - Total operating revenue for the period reached CNY 1,483,674,039.90, an increase of 31.2% compared to CNY 1,130,230,853.47 in the previous period[16] - Total operating costs amounted to CNY 1,371,172,184.74, up 30.3% from CNY 1,052,937,660.26 in the prior period[16] - The company experienced a 197.17% increase in asset disposal gains, primarily due to an increase in fixed asset sales[7] - The company is currently in the process of obtaining approval from the China Securities Regulatory Commission for a non-public issuance of shares[11] - The basic and diluted earnings per share for the quarter were both CNY 0.5513, compared to CNY 0.3660 in Q3 2020, representing an increase of 50.5%[19] - The company reported a total comprehensive income of CNY 90,464,547.29 for the quarter, compared to CNY 59,947,788.10 in the same period last year[19]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥958,961,718.43, representing a 33.16% increase compared to ¥720,143,064.10 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥62,758,985.15, an increase of 81.50% from ¥34,577,273.53 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥60,836,620.71, up 94.49% from ¥31,280,427.54 in the previous year[22]. - The basic earnings per share increased to ¥0.3801, reflecting an 81.52% growth compared to ¥0.2094 in the same period last year[22]. - The gross profit margin improved to 15.14%, up from the previous year's margin, with operating costs increasing by 30.87% to ¥813,746,419.67[46]. - The company reported a net profit increase of 82.41%, driven by higher operating revenue[48]. - The total comprehensive income for the first half of 2021 decreased by 266.68 million RMB compared to the previous period[143]. - The company reported a net loss of 8,255,000 for the current period, consistent with the previous period's loss[141]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,679,163,508.50, a 24.55% increase from ¥1,348,187,454.69 at the end of the previous year[22]. - The company's total assets at the end of the first half of 2021 were 1.05 billion RMB, showing stability in asset management[143]. - The total liabilities increased to CNY 665,583,792.60 from CNY 380,109,597.60, reflecting a rise of about 75.2%[116]. - The company's total equity at the end of the first half of 2021 was 866.33 million RMB, a slight decrease from 866.59 million RMB at the end of the previous year[144]. Cash Flow - The net cash flow from operating activities was ¥29,895,728.91, down 36.97% from ¥47,427,284.25 in the same period last year[22]. - Cash and cash equivalents increased by 132.32% to ¥22,278,300.49, reflecting improved liquidity[42]. - The company experienced a significant increase in financing cash flow, which rose by 255.83% to ¥84,014,795.56, mainly due to increased bank borrowings[48]. - The cash outflow from financing activities was ¥16,510,000.00, primarily due to dividend distributions and interest payments[136]. Market and Operations - The company reported a significant increase in orders for electric motors in the new energy vehicle sector, with a substantial year-on-year growth in order quantity[34]. - The company is actively expanding its market presence, with a focus on the wind power and new energy vehicle sectors, aiming to optimize its product structure[34]. - The company has established strategic partnerships with major international firms such as Siemens and GE, enhancing its global supply chain presence[36]. - The company has achieved 80% automation in its main production processes, improving efficiency and production speed[37]. Research and Development - Research and development expenses increased by 35.71% to ¥23,383,791.95, indicating a strong commitment to innovation[42]. - The company is focused on enhancing its market position through potential new product developments and technological advancements[148]. Corporate Governance and Compliance - The company has committed to avoiding related party transactions with its controlled enterprises, ensuring fair market practices and compliance with legal regulations[72]. - The company has not faced any environmental penalties during the reporting period, adhering to relevant environmental laws and regulations[68]. - The company actively engages in social responsibility initiatives, including educational support for underprivileged students[69]. Shareholder Information - The total number of shares is 165,100,000, with 99.59% being unrestricted shares[97]. - The company has a three-year shareholder return plan from 2020 to 2022[95]. - The company reported a profit distribution of ¥16,510,000.00 to shareholders during the period[139]. Financial Reporting - The semi-annual financial report was not audited[78]. - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[152]. - The company's financial reports reflect its financial position, operating results, and cash flows accurately as of June 30, 2021[154].

Financial Performance - The company's revenue for Q1 2021 was ¥420,678,849.65, representing a 47.14% increase compared to ¥285,906,613.00 in the same period last year[9] - Net profit attributable to shareholders was ¥28,915,261.28, a significant increase of 382.65% from ¥5,990,920.62 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥27,676,524.67, up 559.68% from ¥4,195,420.99 in the previous year[9] - Basic earnings per share increased to ¥0.1751, reflecting a growth of 382.37% compared to ¥0.0363 in the same period last year[9] - Total operating revenue for Q1 2021 reached ¥420,678,849.65, compared to ¥285,906,613.00 in the same period last year, indicating a significant increase[37] - Net profit for Q1 2021 was ¥28,516,960.01, compared to ¥5,742,030.30 in Q1 2020, showing a substantial growth in profitability[39] - The total comprehensive income for Q1 2021 was ¥28,516,960.01, compared to ¥5,742,030.30 in Q1 2020, reflecting overall growth in financial performance[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,531,673,419.14, marking a 13.61% increase from ¥1,348,187,454.69 at the end of the previous year[9] - Total liabilities as of March 31, 2021, were ¥6,059,212.05, compared to ¥5,197,285.58 at the end of 2020, indicating an increase in financial obligations[35] - The company's total equity attributable to shareholders reached ¥866,059,800.72, down from ¥866,593,171.12 at the end of 2020[35] Cash Flow - The net cash flow from operating activities was ¥5,124,420.17, a decrease of 22.74% compared to ¥6,632,731.41 in the previous year[9] - Cash received from sales of goods and services increased by 33.03%, mainly due to increased cash receipts from product sales[6] - Cash flow from investing activities decreased by 353.84%, mainly due to increased expenditures on purchasing bank wealth management products[6] - Cash flow from financing activities increased by 533.96%, primarily due to the increase in bank borrowings[6] - The net cash flow from investing activities is -112,896,557.25, worsening from -24,875,592.92 in the previous period[48] - The net cash flow from financing activities improved to 100,705,078.89 from -23,206,033.33, indicating a significant turnaround[48] - The ending cash and cash equivalents balance is 138,767,513.08, down from 168,924,467.19, a decrease of approximately 17.9%[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,158, with the largest shareholder holding 30.27% of the shares[13] - The company did not engage in any repurchase transactions during the reporting period[14] Research and Development - Research and development expenses increased by 40.38%, primarily due to increased R&D investment[6] - Research and development expenses for Q1 2021 were ¥10,368,319.21, compared to ¥7,385,918.91 in the previous year, highlighting an increase in investment in innovation[38] Non-Recurring Gains and Losses - The company reported non-recurring gains totaling ¥1,238,736.61, with government subsidies contributing ¥554,068.02[10] Operational Insights - Trading financial assets increased by 425.00%, mainly due to the increase in wealth management product purchases[6] - Construction in progress decreased by 93.38%, primarily because equipment installation and debugging were completed and transferred to fixed assets[6] - Other non-current assets increased by 71.42%, mainly due to the increase in prepaid equipment payments[6] - Short-term borrowings increased by 100.00%, primarily due to the increase in bank acceptance bill discounts[6] - Accounts payable increased by 39.58%, mainly due to the increase in raw material purchases[6] - Management expenses decreased to 546,715.62 from 583,408.91, reflecting a reduction of approximately 6.3%[42] - Financial expenses increased to 3,802.29 from 1,381.33, marking a rise of approximately 175.5%[42] Future Outlook - The report does not provide specific user data or performance guidance for future quarters, highlighting a lack of forward-looking statements[51] - There was no mention of new product development or market expansion strategies in the report, suggesting a focus on existing operations[51] - The company has not disclosed any mergers or acquisitions in the first quarter, indicating a stable operational strategy[51] - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[53] - The company did not apply the new leasing standards for the first quarter, indicating a potential area for future compliance[52] Leadership - The company’s chairman, Wei Shaojun, presented the report, indicating leadership involvement in financial disclosures[54]

Financial Performance - The company's operating revenue for 2020 was ¥1,515,931,646.24, representing a 17.19% increase compared to ¥1,293,557,316.28 in 2019[19] - The net profit attributable to shareholders for 2020 was ¥89,301,160.08, a significant increase of 160.95% from ¥34,221,908.10 in 2019[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥80,425,033.70, up 220.46% from ¥25,096,998.24 in the previous year[19] - The basic earnings per share for 2020 was ¥0.54, an increase of 157.14% compared to ¥0.21 in 2019[19] - The total assets at the end of 2020 were ¥1,348,187,454.69, reflecting a 2.01% increase from ¥1,321,592,919.59 at the end of 2019[19] - The net assets attributable to shareholders at the end of 2020 were ¥977,722,701.05, which is a 9.04% increase from ¥896,676,540.97 at the end of 2019[19] - The weighted average return on equity for 2020 was 9.53%, an increase of 5.65 percentage points from 3.88% in 2019[19] Cash Flow - The net cash flow from operating activities for 2020 was ¥640,840.93, a decrease of 99.09% compared to ¥70,602,139.75 in 2019[19] - The net cash flow from operating activities decreased by 99.09% to ¥640,840.93, primarily due to an increase in the proportion of acceptance bills received for goods and services[69] - The net cash flow from investing activities increased by 118.27% to ¥13,559,556.67, mainly due to the maturity of financial products[69] - The total cash inflow from financing activities decreased by 36.72% to ¥88,000,000.00, attributed to a reduction in bank borrowings[69] - The total cash outflow from financing activities increased by 70.67% to ¥165,222,360.30, primarily due to increased cash payments for debt repayment and dividend distribution[69] - The net increase in cash and cash equivalents decreased by 261.50% to -¥63,447,153.79, mainly due to the reduction in cash flow from operating activities[69] Market and Production - The company has a production capacity of over 150,000 tons of silicon steel sheets annually, with a specific capacity for new energy vehicle cores reaching 1 million units per year[33] - The company maintains a competitive edge in the electric motor industry, focusing on high-efficiency and new energy applications, with a significant market share in these segments[33] - The company has achieved 80% automation in its production processes, enhancing efficiency and production quality[35] - The company is actively expanding its international market presence, establishing long-term strategic partnerships with global enterprises such as Siemens and GE[34] - The company is committed to R&D in high-end models for new energy vehicles, aiming to lead in production technology and innovation[35] Revenue and Sales - Total revenue for Q1 was ¥285.91 million, Q2 was ¥434.24 million, Q3 was ¥410.09 million, and Q4 was ¥385.70 million, showing a significant increase in Q2[24] - Net profit attributable to shareholders for Q1 was ¥5.99 million, Q2 was ¥28.59 million, Q3 was ¥25.85 million, and Q4 was ¥28.87 million, indicating strong profitability in Q2[24] - The sales of stator and rotor stamping products accounted for 64.58% of total revenue, with a year-on-year growth of 26.90%[46] - The company’s production volume increased by 29.92% year-on-year, reaching 119,472.27 tons[51] - The company’s revenue from foreign trade grew by 22.05% year-on-year, amounting to CNY 227.04 million[47] Research and Development - Research and development expenses increased by 18.42% to ¥34,561,355.46 in 2020, representing 2.28% of operating revenue[66] - The number of R&D personnel decreased by 26.67% to 110, which is 10.10% of the total workforce[66] - The company is developing several new technologies, including an automatic feeding device for motor stamping and a new type of rotor core pressing machine[60][61] - The company has entered the trial production phase for multiple R&D projects, including an automatic welding fixture for high-pressure motor components[63] Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring no unresolved governance issues exist[165] - The independent directors actively participated in board meetings and did not raise any objections to the company's proposals during the reporting period[170] - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finances[166] - The company has implemented a robust information disclosure system, ensuring timely and accurate communication with investors[163] - The independent directors' suggestions were adopted by the company, reflecting their active engagement in governance[170] Employee and Social Responsibility - The company provides various employee benefits, including insurance and training mechanisms, to ensure employee rights and welfare[123] - The company promotes a business philosophy that prioritizes environmental sustainability in its operations[123] - The company is focusing on talent development to address the shortage of high-quality personnel amid rapid business growth[86] - The total number of employees in the company is 1,089, with 707 in production, 31 in sales, 245 in technical roles, 26 in finance, and 80 in administration[155] Financial Reporting and Audit - The audit opinion issued by the accounting firm was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[182] - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in non-financial reporting[182] - The company’s management evaluated its ability to continue as a going concern, with no significant uncertainties identified[189] - The company reported a total inventory amount of ¥270,337,515.12 as of December 31, 2020, with a provision for inventory impairment of ¥9,022,538.06, resulting in a net book value of ¥261,314,977.06, which accounts for 19.38% of the total assets in the consolidated financial statements[184]

Financial Performance - Net profit attributable to shareholders rose by 115.84% to CNY 25,851,734.83 for the current period[8] - Operating revenue for the current period reached CNY 410,087,789.37, reflecting a growth of 26.79% year-on-year[8] - Basic earnings per share increased by 116.00% to CNY 0.1566[8] - The company reported a net profit of CNY 60,429,008.36 for the year-to-date, up 123.58% compared to the same period last year[8] - Net profit increased by 135.67%, mainly due to an increase in operating income[17] - Net profit for Q3 2020 was ¥25,952,398.69, compared to ¥11,325,982.37 in the same period last year, representing a growth of 129.5%[43] - Net profit for the period was ¥59,947,788.10, representing a significant increase of 135.7% from ¥25,437,602.78 in the previous period[51] Assets and Liabilities - Total assets increased by 4.95% to CNY 1,386,999,208.19 compared to the end of the previous year[8] - Current assets totaled CNY 1,105,437,305.06, compared to CNY 1,035,736,286.26 at the end of 2019, reflecting a growth of approximately 6.5%[33] - Total liabilities rose to CNY 447,083,357.99 from CNY 433,369,857.49, indicating a slight increase of about 3.2%[35] - The company's equity attributable to shareholders increased to CNY 948,850,549.33 from CNY 896,676,540.97, a rise of approximately 5.8%[36] - The company’s total assets reached ¥872,692,023.99, a slight increase from ¥872,139,376.94 in the previous period[42] Cash Flow - Net cash flow from operating activities improved by 110.58% to CNY 4,213,041.67 for the current period[8] - Cash flow from operating activities increased by 41.80%, primarily due to increased sales collections[17] - Operating cash flow for Q3 2020 was CNY 51,640,325.92, an increase of 41.8% compared to CNY 36,417,244.12 in Q3 2019[59] - Total cash inflow from operating activities was CNY 837,867,422.05, down 7.5% from CNY 906,427,049.71 in the previous year[59] - Cash outflow from operating activities totaled CNY 786,227,096.13, a decrease of 9.6% compared to CNY 870,009,805.59 in Q3 2019[59] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,084[12] - The largest shareholder, Tianjin Xindarui Ming Enterprise Management Consulting Center, holds 28.27% of the shares[12] Research and Development - R&D expenses increased by 41.37%, mainly due to increased R&D investment[17] - Research and development expenses for Q3 2020 were ¥20,880,972.87, compared to ¥11,242,986.21 in the prior year, indicating a 86.3% increase[42] - Research and development expenses increased to ¥38,111,250.21, up 41.5% from ¥26,957,598.05 in the previous period[49] Future Projections - The estimated cumulative net profit for the year until the next reporting period is projected to be between 7,015.5 million and 8,726.58 million CNY, representing a growth of 105.00% to 155.00% compared to the previous year[24] - The basic earnings per share are expected to be between 0.4249 and 0.5285 CNY, reflecting an increase of 105.00% to 155.00% year-on-year[24] - The company's revenue is steadily increasing, driven by the wind power business segment focusing on global market customer management[24] Other Financial Metrics - The weighted average return on equity rose to 2.76%, an increase of 1.40 percentage points compared to the previous year[8] - Total operating costs amounted to ¥380,547,802.74, up from ¥306,413,191.26 year-over-year[42] - The company incurred credit impairment losses of ¥10,743,926.47, which increased from ¥7,233,991.18 in the previous period[51]