证券代码：002660 证券简称：茂硕电源 公告编号：2021-073 茂硕电源科技股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生 态"上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，茂硕电源科技股份有限公司（以下 简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的 "沟通传递价值，交流创造良好生态"——2021深圳辖区上市公司投资者网上 集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为2021年11月30日14:00至17:00，其中公司与投资者网上互动时间为15:30至 17:00。 届时公司的董事、副总经理、财务总监楚长征先生，董事会秘书宋成展先生 将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥454,686,955.54, representing a year-on-year increase of 35.98%[3] - The net profit attributable to shareholders for Q3 2021 was ¥20,695,708.60, a decrease of 2.14% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,336,842.87, down 5.84% year-on-year[3] - The basic earnings per share for Q3 2021 was ¥0.0755, a decline of 2.08% compared to the previous year[3] - Net profit attributable to shareholders increased to ¥40,996,058.37, a significant rise of 1626.17% from ¥2,374,976.09[9] - The company reported a net profit of 40,996,058.37 CNY, a significant increase from 2,374,976.09 CNY[19] - Net profit for the current period was ¥39,490,582.19, down from ¥52,662,321.50, indicating a decrease of approximately 25%[22] - The company reported a total comprehensive income of ¥38,098,303.72, down from ¥52,662,321.50, reflecting a decrease of approximately 27.5%[23] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥92,540,928.74, a significant decrease of 362.86%[3] - Cash and cash equivalents at the end of the period were ¥139,123,316.78, down 36.60% from ¥219,434,049.19[10] - Operating cash flow showed a negative net amount of ¥92,540,928.74, a decline of 362.86% compared to ¥35,204,983.03 in the previous year[10] - The company received tax refunds totaling ¥66,311,360.63, an increase of 56.73% compared to ¥42,308,113.38 in the previous year[10] - The company incurred total financing cash outflows of ¥377,249,028.68, compared to ¥171,904,170.21 in the previous period, indicating a significant increase in financing activities[27] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,719,174,068.13, a decrease of 0.71% from the end of the previous year[3] - The company's total assets amount to 1,719,174,068.13 CNY, while total liabilities are 988,176,175.33 CNY[18] - The total current liabilities amount to 942,329,895.55 CNY, down from 1,002,618,220.73 CNY[18] - Long-term equity investments decreased by 92.25% to ¥5,984,962.90, primarily due to the disposal of equity in investee companies[9] - Current liabilities increased from CNY 1,002,618,220.73 to CNY 1,009,910,973.12, reflecting an increase of CNY 7,292,752.39[31] Equity and Shareholder Information - The company's total equity attributable to shareholders increased to ¥730,177,282.14, up 5.37% from the previous year[4] - The total equity attributable to the parent company is 730,177,282.14 CNY, showing an increase from 692,948,478.33 CNY[19] - The total number of common shareholders at the end of the reporting period is 30,590[12] - The largest shareholder, Jinan Chanfang Rongsheng Equity Investment Co., Ltd., holds 26.50% of shares, totaling 72,696,842 shares[12] Inventory and Receivables - The inventory increased by 91.03% to ¥294,832,042.86, primarily due to increased orders and stockpiling[8] - Accounts receivable stand at 538,305,923.17 CNY, reflecting an increase from 465,039,249.85 CNY[17] - Inventory has increased to 294,832,042.86 CNY from 154,339,823.59 CNY[17] Investment and Expenses - Investment income rose by 84.40% to ¥5,768,917.00, attributed to increased profits from associated companies[9] - Research and development expenses rose to ¥48,776,656.07, compared to ¥37,990,615.94, an increase of about 28.5%[21] - Financial expenses decreased by 68.17% to ¥8,708,458.94, primarily due to reduced discount interest on notes payable[9] Leasing and Accounting Standards - The company implemented the new leasing standards starting from January 1, 2021, resulting in adjustments to the financial statements[30] - The company confirmed the recognition of right-of-use assets and lease liabilities for all leases, excluding short-term and low-value asset leases[32] - The company has adopted simplified treatment for low-value operating leases and those expected to be completed within 12 months prior to the first execution date, without recognizing right-of-use assets and lease liabilities[34]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥739,928,850.63, representing a 38.59% increase compared to ¥533,886,663.95 in the same period last year[20]. - The net profit attributable to shareholders decreased by 41.03% to ¥17,925,373.68 from ¥30,399,157.81 year-on-year[20]. - Basic earnings per share fell by 41.06% to ¥0.0653 from ¥0.1108 in the same period last year[20]. - The total comprehensive income for the first half of 2021 was ¥17,009,623.09, compared to ¥31,276,322.48 in the first half of 2020, indicating a decrease of approximately 45.6%[151]. - The company reported a net cash flow from operating activities of -¥43,406,284.94, a decline of 364.88% compared to -¥9,337,181.91 in the previous year[51]. - The company’s operating profit for the first half of 2021 was ¥21,333,359.83, compared to ¥33,724,082.43 in the first half of 2020, reflecting a decrease of approximately 36.7%[150]. - The company reported a total of 17,925 million yuan in revenue for the current period, indicating a growth of 16,533 million yuan compared to the previous period[167]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,651,363,416.91, down 4.63% from ¥1,731,517,323.71 at the end of the previous year[20]. - The company's total liabilities decreased from CNY 1,038,617,734.63 to CNY 941,454,204.74, a reduction of approximately 9.3%[143]. - The total owner's equity increased from CNY 692,899,589.08 to CNY 709,909,212.17, reflecting a growth of about 2.9%[143]. - The total assets at the end of the reporting period amounted to 4,114.7 million yuan, with a slight increase from the previous period[167]. - The total equity attributable to the parent company at the end of the reporting period was 2,743 million yuan, with a decrease of 20.80 million yuan compared to the previous period[165]. Revenue Breakdown - The sales revenue of consumer electronics power supply reached 418 million yuan, up 32.12% year-on-year, with a gross margin of 9.89%[33]. - The LED power supply segment generated sales revenue of 302 million yuan, a significant increase of 53.26% year-on-year, with a gross margin of 22.56%[37]. - The SPS switch power supply segment generated ¥417,696,799.70 in revenue, accounting for 56.45% of total revenue, with a year-on-year growth of 32.12%[54]. - The company's revenue from LED drivers reached ¥301,725,330.21, accounting for 40.78% of total revenue, with a year-on-year growth of 53.26%[55]. - Revenue from photovoltaic inverters was ¥1,664,106.73, representing 0.22% of total revenue, with a year-on-year increase of 62.26%[55]. Research and Development - Research and development expenses rose by 24.90% to ¥30,750,463.06, mainly driven by increased salaries[50]. - The company emphasizes the importance of R&D in power supply technology, particularly for high-power LED drivers, to maintain its industry-leading position[78]. - The company is committed to innovation and expanding its product applications, including automation and intelligent manufacturing[34]. - The company completed the development of 26 series of standard platform products in the consumer electronics power supply sector, including medical and household categories, and initiated several new application projects[41]. Risk Management - The company emphasizes risk control measures, including strict adherence to internal management systems and regular monitoring of market prices[70]. - The company is facing risks from raw material price fluctuations, and it is enhancing supplier relationships and optimizing procurement management to mitigate these risks[80]. - The company is actively managing its supply chain to address rising material costs and improve production efficiency[80]. Corporate Governance and Compliance - The company maintains a governance structure that ensures the protection of shareholder rights and complies with relevant laws and regulations[92]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[91]. - The company has established a comprehensive quality control system, ensuring 100% high and low voltage performance testing and 100% safety testing for all products[44]. Future Outlook - The company plans to strengthen its R&D investment and align product development with market trends to ensure competitiveness[78]. - Future outlook remains cautious, with no specific guidance provided for revenue growth or new market strategies[166]. - The company aims to strengthen brand building and technological innovation to drive high-quality and rapid development in the future[47]. Shareholder Information - The total number of shares is 274,327,707, with 77.02% being unrestricted shares[125]. - The largest shareholder, Gu Yongde, holds 22.98% of the shares, totaling 63,035,660 shares[127]. - The company has not reported any changes in shareholding structure or significant impacts on financial indicators due to share changes[126]. Audit and Financial Reporting - The audit report for the half-year period received a standard unqualified opinion from the auditing firm[139]. - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance and comply with the requirements of the China Securities Regulatory Commission[182]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately and completely[186].

Financial Performance - The company's operating revenue for Q1 2021 was ¥332,011,961.57, representing a 63.84% increase compared to ¥202,641,772.52 in the same period last year[8] - Net profit attributable to shareholders was ¥9,024,317.04, up 21.54% from ¥7,425,170.85 year-on-year[8] - The net profit after deducting non-recurring gains and losses surged by 297.09% to ¥7,534,890.24 from ¥1,897,545.82 in the previous year[8] - Basic earnings per share increased by 21.40% to ¥0.0329 from ¥0.0271 year-on-year[8] - The company reported a net profit of CNY 11,399,293.13 for the period, compared to CNY 2,374,976.09 in the previous period, indicating a substantial increase[33] - The company reported a profit before tax of CNY 11,306,686.35, compared to CNY 8,635,638.01 in the previous year, marking an increase of 30.8%[40] - Net profit for Q1 2021 was CNY 9,239,802.35, up from CNY 7,514,296.45 in the same period last year, reflecting a growth of approximately 22.9%[40] Cash Flow - The net cash flow from operating activities was negative at -¥2,647,269.88, a decline of 124.52% compared to ¥10,798,527.20 in the same period last year[8] - Cash inflow from operating activities totaled 306,958,807.22 CNY, a decrease of 26.7% from 419,052,402.00 CNY in the prior year[47] - Cash outflow from operating activities was 309,606,077.10 CNY, compared to 408,253,874.80 CNY in the same period last year, indicating a reduction of 24.2%[48] - The net cash flow from investing activities was -2,603,619.59 CNY, compared to 2,761,576.23 CNY in the same period last year[48] - The net cash flow from financing activities was -88,930,669.23 CNY, worsening from -22,139,926.94 CNY in the previous year[49] - The ending balance of cash and cash equivalents was 125,398,150.43 CNY, down from 170,412,870.77 CNY in the same period last year[49] - The company reported a significant increase in cash outflow for employee payments, totaling 56,508,051.97 CNY, compared to 44,508,162.13 CNY in the previous year[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,641,210,463.20, down 5.22% from ¥1,731,517,323.71 at the end of the previous year[8] - The company's current assets decreased to CNY 1,077,144,602.97 from CNY 1,191,968,813.31, reflecting a reduction of about 9.6%[30] - Total liabilities decreased significantly, with short-term borrowings and notes payable dropping by 41.01% and 63.08% respectively, indicating improved financial management[16] - Total liabilities decreased from CNY 1,038,617,734.63 to CNY 939,071,071.77, a reduction of about 9.6%[32] - The total liabilities amounted to CNY 526,825,561.69, a decrease from CNY 691,470,271.85 in the previous period[36] - The short-term borrowings decreased significantly from CNY 390,191,644.45 to CNY 230,191,644.45, a decline of about 41.0%[32] Shareholder Information - The company reported a total of 31,694 common shareholders at the end of the reporting period[11] - The top shareholder, Gu Yongde, holds 22.98% of the shares, amounting to 63,035,660 shares, which are currently pledged[11] - The net assets attributable to shareholders increased by 1.30% to ¥701,972,795.37 from ¥692,948,478.33 at the end of the previous year[8] - The equity attributable to shareholders was CNY 692,948,478.33, with total equity amounting to CNY 692,899,589.08[56] Research and Development - Research and development expenses increased by 4,900,468.11 to 14,827,061.11, reflecting a growth of 49.37% due to higher investments in R&D and technology[16] - Research and development expenses for Q1 2021 were CNY 14,827,061.11, up from CNY 9,926,593.00, indicating a focus on innovation[39] Financial Management - The company's financial expenses decreased by 5,788,052.12 to 288,470.04, a decline of 95.25% due to the absence of last year's bill discounting interest[16] - The financial expenses decreased significantly to CNY 288,470.04 from CNY 6,076,522.16, suggesting improved financial management[39] Tax and Investment - The company received tax refunds amounting to 32,799,466.81, a significant increase of 1136.06% compared to the previous period, mainly from large export tax rebates[16] - The company reported a substantial increase in investment income by 597,232.53 to 651,924.05, reflecting a growth of 1092.00% due to higher profits from associated companies[16] - The company achieved an investment income of CNY 651,924.05, up from CNY 54,691.52, indicating successful investment strategies[39] Compliance and Reporting - The first quarter report for 2021 has not been audited[63] - The report was released on April 28, 2021[63] - The company is subject to the new leasing standards effective from 2021[62] - There is a retrospective adjustment for prior comparative data due to the new leasing standards[62] - The company is focused on compliance with the new accounting standards[62] - No specific financial figures or performance metrics were disclosed in the provided content[63] - The company has not provided any future outlook or guidance in the available documents[63] - There are no mentions of new products, technologies, or market expansion strategies in the content[63]

Shareholding Structure and Changes - The company reported a significant change in its shareholding structure, with Jinan Chanfangrongsheng Equity Investment Co., Ltd. acquiring 11.90% of the shares, totaling 32,651,540 shares[16]. - The company’s controlling shareholder signed a share transfer intention agreement to transfer at least 68,500,000 shares, representing no less than 25% of the total share capital, to a state-owned enterprise[154]. - The share transfer agreement was subject to multiple amendments due to the impact of the pandemic, with the final agreement being terminated on July 9, 2020[155]. - The company transferred a 12.5% stake in Changxing Jiupai Xingshuo Equity Investment Fund to Fujian Zongteng Network for a transaction price of 10 million RMB[156]. - The company’s controlling shareholder, Gu Yongde, and Shenzhen Dewang Investment Development Co., Ltd. signed a share transfer framework agreement to transfer a total of 11.90% of the company's shares, equivalent to 32,651,540 shares[157]. - After the completion of the share transfer, the controlling shareholder will hold a total of 26.5% voting rights in the company[158]. - The total number of shares decreased from 68,918,362 (25.12%) to 63,035,660 (22.98%) due to the unlocking of 5,882,702 restricted shares[167]. - The total number of unrestricted shares increased from 205,409,345 (74.88%) to 211,292,047 (77.02%) following the addition of 5,882,702 shares[167]. - The total number of shares outstanding is 274,327,707, maintaining a 100% distribution[167]. - The largest shareholder, Gu Yongde, holds 63,035,660 shares, representing 22.98% of the total shares, with a decrease of 21,011,887 shares during the reporting period[173]. - The second-largest shareholder, Jinan Chanfang Rongsheng Investment Co., Ltd., holds 32,651,540 shares, accounting for 11.90% of the total shares[173]. - The actual controller of the company changed to Jinan Industrial Development Investment Group Co., Ltd. on December 30, 2020[176]. - The company transferred 7.66% of its shares (21,011,887 shares) from the original controlling shareholder to Jinan Chanfang Rongsheng Equity Investment Co., Ltd., totaling 11.90% of shares (32,651,540 shares) transferred[185]. Financial Performance - The company’s operating revenue for 2020 was CNY 1,234,958,706, a decrease of 1.03% compared to the previous year[18]. - Net profit attributable to shareholders was CNY 62,868,342, down 5.50% year-on-year[18]. - The net cash flow from operating activities increased by 14.26% to CNY 47,709,872[18]. - The total assets at the end of 2020 were CNY 1,731,517,323, reflecting a growth of 6.01% from the previous year[18]. - The company's net assets attributable to shareholders increased by 12.43% to CNY 692,948,478[18]. - In 2020, the company achieved total revenue of 1.235 billion yuan, a year-on-year decrease of 1.03%[41]. - The net profit attributable to shareholders was 63 million yuan, down 5.50% year-on-year[41]. - The sales revenue of SPS consumer electronics power supply was 715 million yuan, a decline of 7.81% compared to the previous year, with a gross margin of 16.51%[42]. - The LED power supply segment generated sales revenue of 476 million yuan, an increase of 14.71% year-on-year, with a gross margin of 24.43%[44]. - The revenue from photovoltaic inverter sales dropped significantly by 67.20% to ¥3,060,449.54, indicating challenges in this segment[52]. - The company reported a gross margin of 19.67% for the computer, communication, and other electronic equipment manufacturing sector, a decrease of 2.02% year-on-year[55]. Strategic Developments and Future Plans - The company’s future plans and strategic developments are subject to market risks, which investors should be aware of[4]. - The company is focusing on the development of high-performance power supply products through new technology research and the application of new materials[29]. - The company aims to enhance its competitive edge by integrating 5G and AI technologies into smart city solutions[46]. - The company is actively expanding into the European market with products that meet Zhaga Book 13 requirements and DALI-2 standards[35]. - The company is committed to developing new technologies and products in the fields of solar energy and industrial automation to meet growing market demands[86]. - The company anticipates significant growth opportunities in urban rail construction lighting driven by new infrastructure initiatives, particularly in the context of 5G network development[88]. - The company is focusing on smart lighting solutions as part of its strategy to adapt to the evolving market landscape and consumer needs[88]. - The company plans to enhance R&D capabilities and focus on differentiated competition to maintain market leadership in the increasingly competitive domestic market[90]. - The company is exploring overseas market expansion as domestic competition intensifies, particularly in the LED driver technology sector[88]. - The company is committed to increasing R&D investment to enhance product development speed and market competitiveness[97]. Management and Governance - The company’s board of directors has confirmed the attendance of all members at the meeting discussing the annual report[4]. - The company is focusing on expanding its management team with the election of several independent directors, enhancing governance and oversight[189]. - The new management team includes professionals with diverse backgrounds in finance and engineering, which is expected to strengthen the company's strategic direction[190]. - The company aims to leverage its new leadership to drive innovation and market expansion in the power supply technology sector[191]. - The company is committed to enhancing its research and development capabilities, particularly in power electronics, to stay competitive in the market[192]. - The company is focused on improving operational efficiency and financial performance under the new management structure[191]. Risk Management and Compliance - The company emphasizes the importance of accurate and complete financial reporting, with management taking responsibility for the report's integrity[3]. - The company has established risk control measures for foreign exchange derivative transactions, focusing on hedging rather than speculative trading[80]. - The company is enhancing its risk management capabilities to mitigate the impact of external uncertainties, particularly due to the pandemic[100]. - The company acknowledges the potential impact of the COVID-19 pandemic on global economic conditions, which could affect order volumes and delivery capabilities[103]. - The company has committed to maintaining the independence of its operations and financials post-transaction completion[116]. - The company has established measures to prevent conflicts of interest and protect the rights of shareholders[113]. Research and Development - The company achieved significant progress in R&D, completing 23 new product series and upgrading 90 series for safety certification[34]. - The company has focused on core technology development and increased R&D personnel by 5.73% to 166[61]. - Research and development expenses increased by 6.26% to ¥53,466,067.34, representing 4.33% of total revenue, up from 4.03% in 2019[61]. - The company is committed to enhancing its research and development capabilities, particularly in power electronics, to stay competitive in the market[192]. Corporate Social Responsibility - The company is recognized as a national high-tech enterprise and focuses on energy conservation and carbon reduction in its operations[149]. - The company maintains a commitment to environmental protection and has not been penalized for any violations during the reporting period[153]. - The management team emphasized a commitment to sustainability, with plans to implement eco-friendly practices across all operations[196]. Investor Relations - The company’s website and contact information for investor relations are provided for further inquiries[13]. - The company has not conducted any investor communications or research activities during the reporting period[104].

证券代码：002660 证券简称：茂硕电源 公告编号：2020-056 茂硕电源科技股份有限公司 关于参加2020深圳辖区"诚实守信，做受尊重的上市公司" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，茂硕电源科技股份有限公司（以下 简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的 "诚实守信，做受尊重的上市公司"——2020深圳辖区上市公司投资者网上集 体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为2020年12月8日9:00至17:00，其中公司与投资者网上互动时间为15:30至 17:00。 届时公司的董事长、董事会秘书(代)顾永德先生，董事、财务总监秦利红女 士将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 ...

Financial Performance - Operating revenue for the reporting period was ¥334,383,921.29, a decrease of 5.58% year-on-year[7]. - Net profit attributable to shareholders of the listed company was ¥21,147,363.64, down 38.52% compared to the same period last year[7]. - Basic earnings per share decreased by 38.52% to ¥0.0771[7]. - The company reported a 50.90% decrease in tax payments to ¥21,143,584.37 from ¥43,064,224.97, indicating reduced tax liabilities[16]. - Total operating revenue for Q3 2020 was CNY 334,383,921.29, a decrease from CNY 354,155,411.22 in the previous period[40]. - Net profit for Q3 2020 was CNY 21,385,999.02, down from CNY 34,221,160.81 in the same period last year, representing a decline of approximately 37.3%[42]. - Total operating revenue for the third quarter was ¥868,270,585.24, a decrease of 2.9% compared to ¥891,901,960.38 in the previous year[48]. - Net profit for the quarter was ¥52,662,321.50, an increase of 4.9% from ¥50,174,128.93 in the same period last year[50]. - The total profit before tax was ¥11,551,086.95, down from ¥16,256,797.18 in the previous year, indicating a decline of 29.5%[53]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,642,437,936.82, an increase of 0.56% compared to the end of the previous year[7]. - The total liabilities decreased to CNY 957,402,068.70 from CNY 1,017,093,608.78, reflecting a reduction of approximately 5.9%[34]. - The company's equity attributable to shareholders increased to CNY 684,050,128.23 from CNY 616,347,128.33, marking an increase of about 11%[35]. - Total assets as of Q3 2020 amounted to CNY 1,513,424,351.35, a decrease from CNY 1,575,434,541.71 in the previous period[38]. - Total liabilities for Q3 2020 were CNY 671,575,276.97, down from CNY 760,029,416.64 in the previous period[38]. Cash Flow - The net cash flow from operating activities was ¥44,542,164.94, a decline of 54.39% compared to the previous year[7]. - The cash flow from operating activities was ¥35,204,983.03, slightly up from ¥34,886,035.54 in the previous year[58]. - The net cash flow from investing activities was ¥12,286,496.61, compared to a negative cash flow of -¥7,045,320.65 in the previous year[59]. - Cash inflow from financing activities was CNY 70,301,011.61, down from CNY 186,231,270.47 in the previous period[62]. - The ending balance of cash and cash equivalents was CNY 112,938,176.60, up from CNY 56,266,845.11 in the previous period[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,976[11]. - The largest shareholder, Gu Yongde, holds 30.64% of the shares, amounting to 84,047,547 shares[11]. Financial Expenses and Tax - Financial expenses rose by 205.22% to ¥27,362,102.23 from ¥8,964,688.45 mainly due to increased exchange losses[15]. - Tax expenses increased by 35.44% to ¥6,578,850.37 from ¥4,857,567.00, attributed to profit increases and deferred tax recoveries[15]. - The company’s tax expenses for the quarter were ¥6,578,850.37, an increase from ¥4,857,567.00, indicating a rise of approximately 35.4%[50]. Research and Development - Research and development expenses for Q3 2020 were CNY 13,369,845.83, a decrease from CNY 18,898,926.42 in the previous period[41]. - Research and development expenses were ¥37,990,615.94, down from ¥44,337,529.03, showing a reduction of approximately 14.2%[48]. - Research and development expenses increased to ¥13,416,369.52, compared to ¥9,975,928.30 in the previous year, reflecting a growth of 34.5%[53]. Investments and Transfers - The company plans to transfer 12.5% of its equity in a fund to Fujian Zongteng Network for ¥10 million, with the first payment of ¥5 million received[17]. - The company intends to transfer 100% of its subsidiary Hong Kong Maoshuo's shares to Huizhou Maoshuo for ¥1, which has been approved by the board[18]. - A framework agreement was signed for the transfer of 11.90% of the company's shares, which will result in a change of control to Jinan Chanfang Capital[19].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 533,886,663.95, a decrease of 0.72% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company increased by 83.48% to CNY 30,399,157.81 compared to CNY 16,568,318.87 in the previous year[18]. - The net profit after deducting non-recurring gains and losses rose by 92.29% to CNY 20,517,107.26[18]. - Basic earnings per share increased by 83.44% to CNY 0.1108, compared to CNY 0.0604 in the same period last year[18]. - Operating profit for the same period was CNY 33.72 million, an increase of 103.09% year-on-year[40]. - The company reported a net loss of CNY 26,397,551.91 for the period, an improvement compared to a loss of CNY 56,796,709.72 in the previous period[135]. - The net profit for the first half of 2020 was CNY 31,276,322.48, an increase of 96.5% compared to CNY 15,952,968.12 in the same period last year[141]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net outflow of CNY 9,337,181.91, an 85.12% reduction from the previous year's outflow of CNY 62,764,727.73[18]. - Cash and cash equivalents increased by 103.93% to ¥2,541,542.19, compared to a decrease of -¥64,597,268.96 in the previous year[50]. - The cash inflow from financing activities was CNY 169,814,378.40, down from CNY 281,434,342.32 in the same period last year, indicating a decrease of approximately 39.7%[151]. - The company's total assets amounted to CNY 1,560,640,700.87, a decrease from CNY 1,633,310,676.95 at the end of 2019[135]. - The company's current assets totaled CNY 974,321,163.85, down from CNY 1,031,272,993.82 at the end of 2019, reflecting a decrease of approximately 5.5%[133]. - The total amount of guarantees provided by the company is 20,000,000 RMB, with an actual guarantee amount of 9,500,000 RMB during the reporting period[98]. Market and Product Development - The company has completed the standardization upgrade of 5W to 180W series consumer electronic power supplies, achieving automated intelligent production and reducing delivery time to customers[28]. - The company has developed and upgraded products for 3D printers and battery swap cabinets, with upgraded products suitable for automated production[28]. - The company has launched the XTN series non-isolated industrial lamp power supply and the X6-I series street lamp power supply targeting the Indian and Russian markets, expanding its product line[29]. - The company has developed a smart lamp post integrated power supply to support smart city construction, with samples provided to strategic partners for trial promotion[30]. - The company has achieved breakthroughs in the development of high-power products, with output power reaching up to 3000W, transitioning from traditional power supplies to fully digital designs[28]. - The company has established strategic partnerships with numerous well-known enterprises, enhancing its brand influence and customer base[42]. Research and Development - Research and development investment was ¥24,620,770.11, down 3.21% from ¥25,438,602.61 in the previous year[49]. - The company emphasizes the importance of R&D in maintaining its competitive edge in SPS and LED driver power supply sectors[71]. - The company is increasing its R&D investment and aligning market research with product development to adapt to industry trends[72]. - Research and development expenses slightly decreased to CNY 24,620,770.11 from CNY 25,438,602.61, a reduction of 3.2%[140]. Risks and Challenges - The report indicates potential risks and uncertainties that may affect future business plans and targets[5]. - The company faces risks from intensified market competition and declining gross margins, particularly in the switch power supply industry[70]. - The company is exposed to foreign exchange risks due to its expanding overseas market presence and is implementing hedging strategies[72]. - The company is monitoring the impact of the COVID-19 pandemic on its operations and adjusting strategies accordingly[72]. Shareholder Information - The total number of shares before the change was 274,327,707, with 25.12% (68,918,362 shares) being restricted shares[109]. - The largest shareholder, Gu Yongde, holds 30.64% of the total shares, amounting to 21,011,887 shares[114]. - The total number of shareholders at the end of the reporting period was 30,351[114]. - The company has not implemented any share buyback or repurchase during the reporting period[111]. Compliance and Governance - The financial statements were approved by the board of directors on August 24, 2020, ensuring compliance with accounting standards[170]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[174]. - The company adheres to the accounting policies and estimates in accordance with relevant accounting standards, particularly regarding revenue recognition and research and development expenditures[175].

Revenue and Profitability - Revenue for Q1 2020 was ¥202,641,772.52, a decrease of 8.80% compared to ¥222,193,494.08 in the same period last year[8] - Net profit attributable to shareholders was ¥7,425,170.85, a significant increase of 1,067.14% from a loss of ¥767,745.79 in the previous year[8] - Net profit excluding non-recurring items reached ¥1,897,545.82, up 137.26% from a loss of ¥5,093,376.13 in the same period last year[8] - Basic earnings per share were ¥0.0271, compared to a loss of ¥0.0028 in the previous year, marking an increase of 1,067.86%[8] - The company reported a net loss of CNY 49,371,538.87, an improvement from a loss of CNY 56,796,709.72 in the previous period[31] - The net profit for Q1 2020 reached CNY 7,514,296.45, a significant recovery from a net loss of CNY 1,203,345.61 in the previous year[38] - The total comprehensive income for Q1 2020 was CNY 7,514,296.45, a recovery from a loss of CNY 1,203,345.61 in the previous year[39] Cash Flow and Financial Position - Operating cash flow for the period was ¥10,798,527.20, a turnaround from a negative cash flow of ¥74,004,872.43, representing an increase of 114.59%[8] - Cash received from sales of goods and services increased by ¥151,861,312.49 or 58.49% to ¥411,501,943.46, attributed to improved accounts receivable collection[15] - The net cash flow from operating activities was CNY 10.8 million, a turnaround from a negative CNY 74 million in the previous period[46] - The total cash outflow from operating activities was CNY 408.3 million, up from CNY 342.6 million in the previous period[46] - Cash inflow from financing activities was CNY 70.3 million, down from CNY 194.7 million in the previous period[47] - The cash and cash equivalents at the end of the period were CNY 170.4 million, a decrease from CNY 110.9 million in the previous period[47] - The total cash and cash equivalents decreased by CNY 4.4 million during the period, compared to a decrease of CNY 8.9 million in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,523,300,575.52, down 6.74% from ¥1,633,310,676.95 at the end of the previous year[8] - Total liabilities decreased to CNY 899,569,210.90 from CNY 1,017,093,608.78, indicating a decline of about 11.6%[30] - Current liabilities decreased to CNY 855,410,953.06 from CNY 965,030,913.09, a reduction of approximately 11.4%[30] - Total assets decreased to CNY 1,523,300,575.52 from CNY 1,633,310,676.95, reflecting a decline of about 6.7%[31] - The implementation of the new revenue recognition standard resulted in a reclassification of CNY 13,213,784.27 from advance receipts to contract liabilities[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,456[11] - The largest shareholder, Gu Yongde, holds 30.64% of the shares, with 63,035,660 shares pledged[11] - Net assets attributable to shareholders increased to ¥623,772,299.18, a rise of 1.20% from ¥616,347,128.33 at the end of the previous year[8] Expenses and Costs - The total operating costs for Q1 2020 were CNY 200,569,165.74, a decrease from CNY 228,334,349.93 in the previous year, reflecting a reduction of approximately 12.2%[38] - Research and development expenses for Q1 2020 were CNY 9,926,593.00, down from CNY 12,011,018.26 in the previous year, indicating a 17.4% decrease[38] - Financial expenses decreased by ¥2,997,631.80 or 33.03% to ¥6,076,522.16, mainly due to increased foreign exchange gains[15] - The financial expenses for Q1 2020 were CNY 6,076,522.16, down from CNY 9,074,153.96 in the previous year, representing a decrease of approximately 33.0%[38] Investment and Other Income - The company reported non-recurring gains of ¥5,527,625.03, primarily from asset disposal and government subsidies[9] - Investment income dropped by ¥264,869.91 or 82.89% to ¥54,691.52, primarily due to reduced investment income from associates[15] - The company recorded investment income of CNY 54,691.52, compared to CNY 319,561.43 in the previous year, showing a decline of about 82.9%[38]

Financial Performance - The company's operating revenue for 2019 was CNY 1,247,847,109.57, representing a decrease of 6.72% compared to CNY 1,337,775,109.10 in 2018[17]. - The net profit attributable to shareholders for 2019 was CNY 66,527,398.75, a significant increase of 126.01% from a loss of CNY 255,760,999.17 in 2018[17]. - The net profit attributable to shareholders was CNY 44,080,948.82, a significant increase of 117.23% compared to the previous year[19]. - The operating cash flow net amount decreased by 46.36% to CNY 41,757,050.90[19]. - Basic and diluted earnings per share were CNY 0.24, representing a 125.81% increase from the previous year[19]. - The weighted average return on equity was 11.30%, up 46.70% from -35.40% in the previous year[19]. - Total assets at the end of 2019 were CNY 1,633,310,676.95, a decrease of 4.14% from the previous year[19]. - Net assets attributable to shareholders increased by 11.22% to CNY 616,347,128.33[19]. - The company reported a significant increase in revenue, achieving a year-over-year growth of 25% in Q3 2023[199]. - The company reported a gross margin of 40%, which is an improvement from 35% in the previous quarter[200]. Dividend and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The company has not distributed cash dividends in the past three years, with a net profit of 14.42 million yuan in 2019 but cumulative undistributed profits of -56.80 million yuan at the consolidated level[117]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the year[121]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, including avoiding competition with the company[122]. - The commitments made by the actual controller include avoiding any business that competes with the company during their tenure and for two years after leaving their positions[124]. - The company has received commitments to reduce and standardize related party transactions during the tenure of the actual controller[123]. - The company has not engaged in any related party transactions that could harm its interests[123]. Business Operations and Strategy - The company has not changed its main business since its listing[18]. - The company is focusing on optimizing its asset structure by consolidating resources and enhancing its core power business[50]. - The company is focused on reforming its compensation structure to align individual and team responsibilities, promoting a management model where everyone shares the workload[109]. - The company aims to integrate resources and establish manufacturing centers in overseas locations such as India and Vietnam to lower costs and enhance service efficiency[108]. - The company is committed to integrating smart lighting solutions into the development of smart cities, leveraging its technological advantages[103]. - The company aims to focus on core business and expand into high-value sectors such as 5G smart lamp power products and server power lines[105]. - The company will continue to pursue mergers and acquisitions to strengthen its market position and expand its product offerings[102]. - The company is actively exploring emerging niche markets to enhance profitability and market presence[105]. Research and Development - The company has completed the standardization upgrade of 5W to 150W series consumer electronic power supplies, achieving automated intelligent production[31]. - The company has developed high-performance power products using new technologies and materials, such as gallium nitride chips, laying the foundation for future leadership in the power supply field[31]. - The company is focused on maintaining its market position and exploring future growth opportunities[198]. - The company is investing $10 million in R&D for new technologies aimed at enhancing product efficiency[199]. - The company plans to enhance its R&D capabilities and product quality to ensure sustainable growth[104]. - The company will continue to enhance R&D investment to strengthen its competitive advantage in technology, quality, and cost-effectiveness, aiming to enter more segments of the power supply market[106]. Market and Competitive Landscape - The company faces risks from intensified market competition and declining gross margins, particularly in the switch power supply industry, which has low entry barriers and high competition[111]. - The company is exposed to foreign exchange risks due to its increasing overseas business, and it plans to use hedging strategies to mitigate these risks[113]. - The company is enhancing its risk management capabilities in response to the impact of the COVID-19 pandemic, with 50% of its business being export-oriented[110]. - The company emphasizes the importance of continuous technological advancement and product development to maintain its competitive edge in the power supply sector[112]. Compliance and Governance - The company is committed to maintaining compliance with legal and regulatory requirements for its operations[96]. - The company has not reported any significant changes in user data or market expansion strategies in the current report[121]. - The company has not indicated any major changes in its strategic direction or market expansion plans[91]. - The company has maintained a clean record with no penalties or rectifications during the reporting period[141]. - The company has not reported any changes in accounting policies or estimates that would affect the financial statements compared to the previous year[129]. Investments and Acquisitions - The company completed a strategic acquisition of a smaller competitor for $50 million, expected to enhance its product offerings[199]. - The company has invested a total of RMB 28.421052 million in Yiwushi Yajie Network Technology Co., Ltd., acquiring a 10% stake[166]. - The company exited its investment in Yajie Network through a capital reduction, receiving a transaction price of RMB 13 million, reducing Yajie's registered capital from RMB 3.157895 million to RMB 3 million[166]. - The controlling shareholder intends to transfer at least 68.5 million shares, representing no less than 25% of the company's total share capital, to a state-owned enterprise, potentially changing the actual control of the company[167]. Product Development and Innovation - The company has launched the X6 series of low-power products, MNC non-isolated series, and P1 high-power series, focusing on enhancing competitiveness in the road lighting driver market[32]. - The company completed the development of 20 new product series in the consumer electronics power supply sector, including 300W and 500W outdoor energy storage power supply projects, and 2KW communication intelligent charging cabinet projects[36]. - The company is developing a new high-quality series of products for the European market, which will meet DALI-2 standards and be compatible with Class I & Class II insulation systems[36]. - The company has achieved ISO9001, ISO14001, and ISO45001 certifications, ensuring compliance with international quality management standards[37]. Customer and Market Engagement - The company has established a stable international customer base, particularly in high-end markets like network communication and security[30]. - The company continues to focus on customer satisfaction and the customization of products for VIP clients, enhancing its competitive edge and profitability[31]. - The company introduced the high-cost performance X6 series products in the LED power segment, featuring innovative technologies such as "black box" functionality and offline programming[47].