Financial Performance - The company's operating revenue for 2021 was ¥3,355,637,393.07, representing a year-over-year increase of 16.58% compared to ¥2,878,287,718.82 in 2020[23] - The net profit attributable to shareholders for 2021 was ¥204,002,194.46, a decrease of 35.47% from ¥316,154,326.03 in 2020[23] - Basic earnings per share for 2021 were ¥0.51, down 35.44% from ¥0.79 in 2020[23] - The company's total revenue for 2021 was approximately ¥3.36 billion, representing a year-on-year increase of 16.58% from ¥2.88 billion in 2020[44] - Automotive components accounted for 40.01% of total revenue, amounting to ¥1.34 billion, with a year-on-year growth of 17.46%[44] - Electric vehicle components saw significant growth, generating ¥955 million, which is 28.46% of total revenue, reflecting a 43.17% increase compared to the previous year[44] - Domestic sales contributed 87.88% of total revenue, totaling approximately ¥2.95 billion, with a year-on-year increase of 17.17%[44] - The gross profit margin for the manufacturing sector was 13.60%, a decrease of 4.99% from the previous year[44] Cash Flow and Investments - The net cash flow from operating activities was -¥89,855,593.04, a decline of 152.29% compared to ¥171,852,460.04 in the previous year[23] - The company reported a net cash flow from operating activities of ¥73.75 million in Q1, but negative cash flows in subsequent quarters, with Q3 at -¥122.34 million and Q4 at -¥49.34 million[27] - Operating cash inflow totaled CNY 3,608,200,737.39, an increase of 13.48% compared to CNY 3,179,687,951.13 in 2020[65] - Investment cash inflow decreased by 41.64% to CNY 413,321,736.00, down from CNY 708,180,389.63 in 2020[65] - Financing cash inflow increased by 63.23% to CNY 2,560,821,661.46, compared to CNY 1,568,799,009.43 in the previous year[65] Research and Development - The company achieved a research and development investment of ¥128,674,086.89 in 2021, a decrease of 13.09% compared to ¥148,058,629.59 in 2020[63] - R&D investment accounted for 3.83% of operating revenue in 2021, down from 5.14% in 2020, reflecting a decline of 1.31%[63] - The company is in the mass production phase for the 48V HSG 128 motor rotor core, aiming to enhance product competitiveness and market share[54] - The company is developing the HEV235 motor rotor core, with mass production conditions expected to be met by September 2022, to capture opportunities in the new energy market[54] - The company is working on the development of the EP20 rotor core, which is expected to enhance product competitiveness and market share in the new energy vehicle sector[56] Market Trends and Opportunities - The electric motor industry is expected to grow significantly, driven by government policies promoting energy-efficient technologies and the expansion of the electric vehicle market, which saw a 160% increase in production and sales in 2021[33] - The market penetration rate for new energy vehicles reached 13.4% in 2021, with expectations for further growth in 2022, projected to reach 5 million units sold[33] - The electric bicycle market in China is projected to grow at a compound annual growth rate (CAGR) of 7.22% from 2019 to 2023, reaching a market size of 108.99 billion yuan[36] - Approximately 250 million over-standard two-wheeled electric vehicles are expected to be phased out between 2021 and 2023 due to new national standards, creating a significant market opportunity for smart electric bicycles[36] Corporate Governance and Management - The company has established a clear governance structure with defined roles for the board, management, and supervisory bodies[104] - The company has implemented a comprehensive information disclosure management system, ensuring timely and accurate communication with shareholders[105] - The company has established independent financial accounting systems, with no interference from shareholders in financial matters[106] - The company actively respects and protects the rights of stakeholders, emphasizing social responsibility[105] - The company has a strong management team with diverse educational backgrounds, including degrees from prestigious institutions such as McGill University and Beihang University[113][114][115] Shareholder Engagement and Remuneration - The company plans to distribute a cash dividend of ¥0.60 per 10 shares to all shareholders, based on a total of 403,880,000 shares[6] - The total remuneration for directors, supervisors, and senior management amounted to CNY 599.42 million for the reporting period[138] - The chairman, Yin Wei, received a pre-tax remuneration of CNY 36.99 million, while the general manager, Xu Zhenghui, received CNY 115 million[138] - The company has implemented stock incentives, granting 160,000 shares to General Manager Xu Zhenghui and 130,000 shares to Financial Officer Ming Churui during the reporting period[110] Environmental and Social Responsibility - The company adheres to environmental protection laws and has established a wastewater monitoring system to ensure compliance[179] - The company has a wastewater treatment facility with a design capacity of 15 tons/hour, ensuring compliance with discharge standards[177] - The total discharge of COD was 1.6208 tons/year, well below the approved limit of 2.957 tons/year[177] - The company has received certifications for being a circular economy enterprise and a clean production enterprise in Zhejiang Province[180] Risks and Challenges - The company faces risks from fluctuating raw material prices, particularly steel and copper, which could significantly impact production costs and overall performance[92] - The company is exposed to foreign exchange risks due to its reliance on exports priced in USD and EUR, which may affect profitability[91] - The company acknowledges the risks associated with entering the new energy vehicle sector, which may affect its overall business strategy and performance[93] - The company recognizes the challenges posed by the ongoing COVID-19 pandemic, which has impacted operations and market expansion efforts[90]

证券代码：002664 证券简称：长鹰信质 公告编号：2022-027 长鹰信质科技股份有限公司 关于举办投资者接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 长鹰信质科技股份有限公司(以下简称"公司")于 2022 年 3 月 18 日披露 2021 年 年度报告，为便于广大投资者深入全面地了解公司情况，公司将在 2021 年年度股东 大会召开期间举办投资者接待日活动，现将有关事项公告如下： 1、接待日：2022 年 4 月 8 日（星期五）2021 年年度股东大会召开期间。 2、接待时间：接待日当日下午 15:30-17:00。 3、接待地点：浙江省台州市椒江区前所信质路 28 号长鹰信质科技股份有限公 司会议室。 4、登记预约：参与投资者请于"投资者接待日"前 5 个工作日内与公司董事会办 公室联系，并同时提供问题提纲，以便接待登记和安排。 联系人：陈世海；电话：0576-88931163；传真：0576-88931165。 5、来访证件：来访个人投资者请携带个人身份证原件及复印件、股东卡原件及 复印件，机构投资者携带机构相关证明文件及 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥923,694,166.69, representing a 14.70% increase year-over-year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥58,213,092.20, a decrease of 16.62% compared to the same period last year[3]. - Investment income for Q3 2021 was ¥5,427,081.62, an increase of 866.55% compared to the same period last year[6]. - Net profit for the quarter was ¥172,070,352.70, compared to ¥161,011,607.78 in the previous year, representing a growth of 6.6%[16]. - The total comprehensive income attributable to the parent company was 173,155,353.90, compared to 163,528,715.00 in the previous period, reflecting an increase of approximately 4.0%[19]. Cash Flow - The net cash flow from operating activities was -¥40,514,504.91, reflecting a significant decline of 3,200.72% year-over-year[6]. - Cash inflow from operating activities totaled 2,731,581,277.27, up from 2,275,223,600.86, indicating a rise of approximately 20.0%[21]. - The net cash flow from financing activities was 173,540,910.29, up from 120,149,753.88, indicating an increase of approximately 44.4%[22]. - The company received 1,469,762,903.67 in cash related to financing activities, significantly higher than the previous period's 62,375,000.00[22]. - The company reported a decrease in cash outflow for investment activities to 238,562,595.72 from 288,739,548.37, a reduction of approximately 17.4%[22]. Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥6,784,303,748.69, an increase of 25.68% from the end of the previous year[3]. - Current liabilities rose to ¥3,912,988,966.46, compared to ¥2,659,251,240.55, indicating an increase of 47.2%[14]. - The total liabilities reached ¥3,916,904,627.87, up from ¥2,662,694,525.70, reflecting a year-over-year increase of 47.0%[14]. - The company's equity attributable to shareholders increased to ¥2,857,974,922.12 from ¥2,724,821,568.22, a rise of 4.9%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,851, with the largest shareholder, Tibet Beihang Changying Tianqi Information Technology Co., Ltd., holding 25.75% of shares, equating to 104,005,200 shares[7]. - The top ten shareholders hold a combined total of 66.67% of the shares, indicating a concentrated ownership structure[7]. Inventory and Receivables - The company's inventory increased by 49.63% to ¥658,536,399.76, attributed to rising raw material prices and increased sales volume[5]. - Accounts receivable increased to ¥692.36 million from ¥577.10 million year-over-year, reflecting a growth of 19.93%[10]. - Inventory levels rose to ¥658.54 million, up from ¥440.12 million, indicating a significant increase of 49.73%[10]. Research and Development - Research and development expenses for the quarter were ¥96,618,913.03, slightly up from ¥92,010,962.41, showing a growth of 5.9%[16]. Other Financial Metrics - The company's basic earnings per share for Q3 2021 was ¥0.1456, down 16.56% from the same period last year[3]. - The weighted average return on equity was 2.06%, a decrease of 0.65% compared to the previous year[3]. - The company's cash and cash equivalents increased by 69.07% to ¥935,958,566.18 due to the receipt of equity transfer payments[5]. - The company's fixed assets increased to ¥861.58 million from ¥740.72 million, reflecting a growth of 16.31%[10]. - The company's non-current financial assets increased to approximately ¥2.48 billion from ¥1.81 billion, showing a growth of 37.29%[10]. Audit Information - The company did not undergo an audit for the third quarter report[23].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,641,231,045.27, representing a 39.56% increase compared to ¥1,175,971,601.95 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥114,942,261.70, up 22.65% from ¥93,715,509.34 in the previous year[26]. - Basic earnings per share increased to ¥0.2873, reflecting a growth of 22.62% compared to ¥0.2343 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥108,837,355.87, which is a 27.37% increase from ¥85,447,896.42 in the same period last year[26]. - The net profit for the first half of 2021 reached ¥110.10 million, representing a 29.5% increase from ¥84.94 million in the first half of 2020[185]. - The total profit for the first half of 2021 was ¥130.54 million, compared to ¥100.33 million in the first half of 2020, marking a 30.1% increase[185]. Cash Flow - The net cash flow from operating activities improved significantly to ¥81,822,111.99, a 155.18% increase from a negative cash flow of ¥148,287,920.49 in the same period last year[26]. - The cash flow from operating activities for the first half of 2021 was approximately ¥1.70 billion, an increase of 25.2% compared to ¥1.36 billion in the first half of 2020[189]. - The net cash flow from operating activities was 81,822,111.99, a significant improvement compared to -148,287,920.49 in the previous period, indicating a recovery in operational performance[192]. - The net cash flow from financing activities decreased by 65.07% to ¥95,178,559.97, primarily due to a reduction in cash received from borrowings compared to the same period last year[49]. - The cash inflow from operating activities totaled 1,734,184,451.37, compared to 1,464,571,007.14, reflecting a growth in operational revenue[192]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,630,723,997.32, a 22.84% increase from ¥5,398,025,293.82 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥2,799,761,829.92, showing a 2.75% increase from ¥2,724,821,568.22 at the end of the previous year[26]. - Total liabilities increased to ¥3,820,820,329.65 from ¥2,662,694,525.70, which is an increase of around 43.3%[168]. - Cash and cash equivalents increased to CNY 885,712,508.92, representing 13.36% of total assets, up from 10.26% the previous year[56]. Market and Industry Insights - The electric bicycle market is projected to reach $62.2 billion by 2025, with a compound annual growth rate exceeding 10%[37]. - The home appliance industry saw a 24.3% increase in export sales and a 9.9% increase in domestic sales in the first half of 2021[37]. - The company’s main business involves the R&D, manufacturing, and sales of core components for various motors, with applications in automotive, electric bicycles, and home appliances[36]. Research and Development - Research and development investment rose to ¥67,141,469.97, a 19.50% increase, focusing on enhancing core competitiveness and expanding industry advantages[46]. - The company's research and development expenses for the first half of 2021 were ¥55.79 million, an increase of 31.2% from ¥42.51 million in the previous year[185]. Strategic Initiatives - The company is focusing on green and low-carbon development in line with national policies aimed at achieving peak carbon emissions by 2030[37]. - The company is actively pursuing digital transformation and information technology improvements to enhance operational efficiency[36]. - The company is expanding into the new energy vehicle sector, which poses risks due to late entry and potential policy changes affecting the industry[69]. Shareholder and Governance - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, in compliance with relevant laws and regulations[86]. - The company has distributed a total of 273.60 million CNY in cash dividends, accounting for 55.40% of the net raised funds[4]. - The company has maintained a cash dividend ratio exceeding 10% of the distributable profits each year since its listing[4]. Environmental Compliance - The company strictly adheres to environmental laws and has established a wastewater monitoring system that is operational and connected to the network[82]. - The company has implemented the ISO14000 environmental management system to enhance its environmental protection efforts[4].

Financial Performance - The company's revenue for Q1 2021 was ¥754,263,139.93, representing a 53.07% increase compared to ¥492,765,584.31 in the same period last year[9] - Net profit attributable to shareholders was ¥55,756,885.35, up 36.56% from ¥40,830,762.38 year-on-year[9] - Basic earnings per share were ¥0.1381, reflecting a 35.26% increase from ¥0.1021 in the same period last year[9] - The company reported a net profit of ¥1,741,602,969.69 as of March 31, 2021, an increase from ¥1,685,846,084.34, indicating a growth of approximately 3.3%[52] - Net profit for Q1 2021 was CNY 55,659,758.46, representing a 37.9% increase from CNY 40,344,186.23 in Q1 2020[68] - The company reported a total comprehensive income of ¥55,086,812.80 for the current period, compared to ¥40,225,195.78 in the previous period, indicating a growth of approximately 37%[74] Cash Flow - The net cash flow from operating activities reached ¥73,752,945.58, a significant increase of 112.78% compared to ¥34,662,244.33 in the previous year[9] - Cash flow from operating activities generated a net inflow of ¥73,752,945.58, up from ¥34,662,244.33 in the previous period, marking an increase of approximately 112%[78] - The net cash flow from operating activities increased significantly to ¥282,246,178.78 from ¥36,238,904.52, representing a growth of approximately 678% year-over-year[82] - Cash inflow from operating activities totaled ¥703,743,456.13, up from ¥617,344,189.84, indicating an increase of about 14%[82] - Cash outflow from operating activities decreased to ¥421,497,277.35 from ¥581,105,285.32, a reduction of approximately 27.5%[82] - The net cash flow from investing activities was ¥190,633,534.27, compared to a negative cash flow of -¥18,901,795.58 in the previous period[85] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,202,872,813.46, a 14.91% increase from ¥5,398,025,293.82 at the end of the previous year[9] - Current liabilities increased to ¥3,408,469,526.73 from ¥2,659,251,240.55, representing a rise of about 28.1%[49] - The total liabilities amounted to ¥3,411,882,286.88, up from ¥2,662,694,525.70, indicating an increase of approximately 28.1%[49] - The equity attributable to shareholders of the parent company was ¥2,780,578,453.57, compared to ¥2,724,821,568.22, reflecting a growth of about 2.1%[52] - Total assets reached ¥6,202,872,813.46, compared to ¥5,398,025,293.82, showing a growth of approximately 14.9%[52] - The total assets of the company reached CNY 4,856,918,701.35, up from CNY 4,319,615,901.81, indicating a growth of 12.4% year-over-year[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,681[14] - The largest shareholder, Tibet Beihang Changying Tianqi Information Technology Co., Ltd., held 25.75% of the shares[14] Operating Costs and Expenses - The operating cost increased by 59.23% to ¥632,883,706.39 from ¥397,476,034.41, primarily due to the increase in sales volume[25] - Total operating costs amounted to CNY 691,136,864.85, up from CNY 451,247,603.20, reflecting a year-over-year increase of 53.1%[64] - Research and development expenses for Q1 2021 were CNY 27,956,791.97, an increase of 28.6% from CNY 21,736,101.00 in the same quarter last year[64] - Research and development expenses rose to ¥25,262,722.13 from ¥17,308,735.71, reflecting a growth of approximately 46%[71] Strategic Plans - The company plans to implement a stock incentive plan and establish a wholly-owned subsidiary as part of its growth strategy[27] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[68] Financial Adjustments and Standards - The company did not classify any non-recurring gains and losses as recurring during the reporting period[12] - The company did not adjust the initial balance sheet items for the new leasing standards implemented in 2021[86]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year growth of 15%[14]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[14]. - The company's operating revenue for 2020 was ¥2,878,287,718.82, a decrease of 3.15% compared to 2019[21]. - The net profit attributable to shareholders for 2020 was ¥316,154,326.03, an increase of 3.31% from 2019[21]. - The net profit after deducting non-recurring gains and losses was ¥179,035,057.60, a decrease of 38.69% compared to the previous year[21]. - The net cash flow from operating activities was ¥171,852,460.04, down 80.71% from 2019[21]. - The total assets at the end of 2020 were ¥5,398,025,293.82, an increase of 27.04% from the end of 2019[21]. - The net assets attributable to shareholders at the end of 2020 were ¥2,724,821,568.22, an increase of 11.64% compared to the end of 2019[21]. - The company reported a basic earnings per share of ¥0.79 for 2020, up 2.60% from 2019[21]. - The weighted average return on equity for 2020 was 12.25%, a decrease of 1.05% from the previous year[21]. - The company achieved a total revenue of 287,828.77 million yuan, a year-on-year decrease of 3.15%[50]. - The net profit attributable to the parent company's owners was 31,615.43 million yuan, an increase of 3.31% year-on-year[50]. - The gross profit margin for the manufacturing sector was 18.59%, a decrease of 5.62% from the previous year[58]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1 per 10 shares to all shareholders, with no bonus shares issued[5]. - The cash dividend for 2020 is set at CNY 1.00 per share (including tax), with an expected total payout of CNY 40,440,000.00, representing 100% of the profit distribution[119][121]. - The company has maintained a consistent cash dividend policy over the past three years, with dividends of CNY 0.65, CNY 0.70, and CNY 0.80 per share in 2018, 2019, and 2020 respectively[113][114][115]. - The retained earnings available for distribution to shareholders at the end of 2020 amounted to CNY 1,611,866,716.19 after accounting for the previous year's dividend[121]. - The company's profit distribution plan was approved by the board and submitted to the shareholders' meeting for review, ensuring all shareholders' interests are protected[113]. Market and Growth Strategy - The company has set a revenue target of RMB 1.5 billion for 2021, indicating a growth forecast of 25%[14]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[14]. - The company is focusing on R&D, achieving breakthroughs in new materials and structures, including the development of high-precision SPOKE rotor structures[50]. - The company plans to focus on high-end manufacturing and new energy industries, enhancing R&D efforts particularly in motor assembly products[63]. - The company plans to deepen its investment in the electric vehicle sector and aims to enhance its management level while actively exploring new customers and products[104]. - The company anticipates that the home appliance market will experience a noticeable recovery in the first half of 2021, supported by consumption upgrades and a peak in real estate completions expected from 2021 to 2022[102]. - The company is strategically positioned in the mid-to-high-end specialized motor components manufacturing sector, enhancing its competitive advantage[4]. Research and Development - Research and development expenses increased by 18% in 2020, reflecting the company's commitment to innovation[14]. - The number of R&D personnel increased by 6.05% to 491, representing 15.69% of the total workforce[73]. - The company is committed to increasing R&D investment in new energy projects and attracting high-end technical talent to drive growth in its new energy business[104]. Risk Management - The company has identified potential risks in supply chain disruptions and is implementing measures to mitigate these risks[5]. - The company faces risks from fluctuating raw material prices, particularly for steel and copper, which directly impact manufacturing costs[107]. - Approximately 15% of the company's revenue comes from exports, making it susceptible to exchange rate fluctuations, particularly against the US dollar and euro[107]. - The company acknowledges the ongoing uncertainty of the COVID-19 pandemic, which could affect its overseas market expansion[107]. Environmental Commitment - The company actively engages in environmental protection, implementing the ISO14000 environmental management system and conducting energy-saving and emission-reduction activities[172]. - The company has a wastewater treatment station with a designed capacity of 15 tons per hour, ensuring compliance with the national wastewater discharge standards[178]. - The company has established an online monitoring system for wastewater discharge, which is operational and maintained by Taizhou Environmental Science Operation Company[178]. - The company has been recognized as a "Circular Economy Enterprise" and a "Green Enterprise" by local authorities, reflecting its commitment to sustainable practices[179]. - The company has implemented an emergency response plan for environmental incidents, enhancing its capability to manage pollution events[179]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[124]. - The company has established a comprehensive human resources management system, ensuring timely payment of employee wages and social insurance contributions[171]. - The company emphasizes investor relations management, providing multiple communication platforms to ensure timely responses to investor inquiries[171]. - The company has maintained a continuous relationship with its accounting firm for 13 years, with an audit fee of 1.3 million RMB for the current period[136].

证券代码：002664 证券简称：长鹰信质 公告编号：2021-033 长鹰信质科技股份有限公司 关于举办投资者接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 长鹰信质科技股份有限公司(以下简称"公司")于 2021 年 4 月 16 日披露 2020 年年度报告及 2021 年一季度报告，为便于广大投资者深入全面地了解公司情况， 公司将在 2020 年度股东大会召开期间举办投资者接待日活动，现将有关事项公 告如下： 1、接待日：2021 年 5 月 10 日（星期一）2020 年度股东大会召开期间 2、接待时间：接待日当日下午 15:30-17:00 3、接待地点：浙江省台州市椒江区前所信质路 28 号长鹰信质科技股份有限 公司会议室 4、登记预约：参与投资者请于"投资者接待日"前 5 个工作日内与公司董事 会办公室联系，并同时提供问题提纲，以便接待登记和安排。 联系人：陈世海； 电话：0576-88931163；传真：0576-88931165。 5、来访证件：来访个人投资者请携带个人身份证原件及复印件、股东卡原 件及复印件，机构投资者携 ...

Financial Performance - Operating revenue for the quarter was CNY 805,347,390.42, representing a 10.13% increase year-on-year[9] - Net profit attributable to shareholders decreased by 18.08% to CNY 69,813,205.66 compared to the same period last year[9] - Basic earnings per share decreased by 18.08% to CNY 0.1745[9] - The company's total operating revenue for the current period is approximately $674.26 million, an increase of 12.00% compared to the previous period's $602.04 million[69] - Operating profit decreased to approximately $80.27 million, down 4.00% from $84.23 million in the previous period[69] - Net profit for the current period is approximately $66.41 million, a decrease of 6.00% from $71.10 million in the previous period[69] - The company's total operating revenue for the current period is ¥1,566,879,758.41, a decrease of 1.93% compared to ¥1,596,877,213.77 in the previous period[81] - The net profit for the current period is ¥151,350,875.06, down 15.05% from ¥178,120,054.17 in the previous period[84] Cash Flow - The net cash flow from operating activities was CNY 147,060,476.36, an increase of 21.97% compared to the previous quarter[9] - The net cash flow from operating activities decreased by 100.46% to -¥1,227,444.13, attributed to increased payments for notes payable and goods[24] - The net cash flow from investing activities increased by 169.49% to ¥56,848,887.07 due to the recovery of matured wealth management products[24] - The net cash flow from financing activities improved by 157.65% to ¥120,149,753.88, driven by increased borrowings and financing from receivables[24] - Cash flow from operating activities generated a net outflow of ¥1,227,444.13, contrasting with a net inflow of ¥265,748,983.83 in the previous period[88] - The company reported a total cash inflow from operating activities of ¥2,275,223,600.86, compared to ¥2,085,799,865.57 in the previous period, an increase of 9.1%[88] - The net cash flow from investing activities was 56,848,887.07, a recovery from a negative cash flow of -81,811,480.72 in the previous period[91] - The cash flow from financing activities showed a net increase of 163,649,270.05, recovering from a negative cash flow of -220,447,578.02 in the previous period[94] Assets and Liabilities - Total assets increased by 22.97% to CNY 5,225,137,972.93 compared to the end of the previous year[9] - Cash and cash equivalents increased by 70.02% to ¥1,805,409,168.40 due to the recovery of matured bank wealth management products and increased bank loans[22] - Short-term borrowings surged by 2,253.90% to ¥777,029,372.22 primarily due to increased bank loans and financing from receivables[22] - Other current assets rose by 673.40% to ¥58,963,927.32 mainly due to prepaid value-added tax[22] - Current liabilities surged to ¥2,271,695,763.39 from ¥1,514,521,771.75, representing an increase of approximately 50%[46] - The company's total liabilities increased to ¥2,498,895,889.62 from ¥1,651,774,599.20, reflecting a growth of around 51.4%[46] - Total current assets amounted to ¥3,005,243,476.76, while total non-current assets reached ¥1,243,763,197.97, leading to a total asset value of ¥4,249,006,674.73[100] - Total liabilities were reported at ¥1,651,774,599.20, with current liabilities accounting for ¥1,514,521,771.75 and non-current liabilities at ¥137,252,827.45[103] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,070[13] - The largest shareholder, Tibet Beihang Changying Tianqi Information Technology Co., Ltd., holds 26.00% of the shares[13] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[17] Government Subsidies and Investments - The company received government subsidies amounting to CNY 18,601,709.88 during the reporting period[9] - The company's deferred income rose by 303.74% to ¥187,623,158.92 due to government subsidies received for the Beihang UAV project[22] - The company reported a goodwill of ¥393,058,756.76 and intangible assets of ¥209,204,350.69[100] Research and Development - Research and development expenses for Q3 2020 were CNY 35,827,843.00, up from CNY 31,695,838.20 in Q3 2019, reflecting a year-over-year increase of 12.5%[61] - Research and development expenses increased to approximately $22.96 million, up 7.00% from $21.45 million in the previous period[69] - Research and development expenses rose to ¥65,470,857.38, compared to ¥59,777,832.54, marking an increase of 9.3%[81] Risks and Challenges - The company is currently facing risks in a joint development project with Elmotec Statomat Vertriebs GmbH due to the partner's acquisition by Schaeffler Group and delays in successful development[25]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,175,971,601.95, a decrease of 3.65% compared to ¥1,220,482,846.25 in the same period last year[23]. - The net profit attributable to shareholders was ¥93,715,509.34, down 29.59% from ¥133,101,389.48 in the previous year[23]. - Basic earnings per share decreased to ¥0.2343, down 29.58% from ¥0.3327 in the previous year[23]. - The total profit for the period was 11,434.32 million CNY, down 34.61% year-on-year[52]. - The net profit attributable to the parent company was 9,371.55 million CNY, reflecting a decline of 29.59% compared to the previous year[52]. - The company achieved operating revenue of 117,597.16 million CNY, a year-on-year decrease of 3.65%[52]. - The company reported a total cash balance of ¥916,411,123.55 at the end of the reporting period, an increase from ¥708,900,263.07 at the beginning of the period[71]. - The company reported a decrease in sales expenses to approximately ¥25.603 million, down 17.3% from ¥30.952 million in the same period of 2019[194]. - The total operating revenue for the first half of 2020 was approximately ¥1.176 billion, a decrease of 3.6% from ¥1.220 billion in the same period of 2019[194]. Cash Flow and Assets - The net cash flow from operating activities was -¥148,287,920.49, a significant decline of 202.14% compared to ¥145,181,309.85 in the same period last year[23]. - Cash and cash equivalents increased by 39.81% year-on-year, mainly due to the recovery of maturing bank financial products and an increase in short-term borrowings[39]. - The company's cash and cash equivalents increased to ¥1,484,589,058.73 as of June 30, 2020, up from ¥1,061,896,688.17 at the end of 2019, representing a growth of approximately 40%[174]. - Total current assets reached ¥3,176,324,793.42, compared to ¥3,005,243,476.76 at the end of 2019, indicating an increase of about 5.7%[176]. - The company's total assets included cash and cash equivalents of ¥1.48 billion, representing 32.65% of total assets, an increase from 24.99% year-on-year[68]. - The company's total assets amounted to ¥4,546,855,510.86, compared to ¥4,249,006,674.73 at the end of 2019, marking an increase of around 7%[176]. Research and Development - The company has made significant progress in R&D, particularly in developing high-precision SPOKE rotor structures, achieving a pole rate of 1.7 and increasing efficiency by 36% in weak magnetic environments[52]. - Research and development expenses increased by 11.45% to ¥56,183,119.41, up from ¥50,412,597.08 year-on-year[57]. - The company is focusing on cost reduction and efficiency improvement by optimizing internal resources and reducing inventory costs[52]. - The company has established a strong technical team for mold R&D and design, ensuring product solutions from the design phase[43]. Strategic Initiatives - The company is the world's largest supplier of automotive generator stator cores and is actively expanding into the new energy vehicle sector[34]. - The company is focusing on the development of drone systems and related services, aiming to become a world-class drone enterprise[35]. - The company has established long-term strategic partnerships with major clients such as Valeo, Bosch, and Denso, enhancing its competitive advantage[35]. - The company is transitioning from a traditional electric motor parts manufacturer to a technology-driven enterprise, particularly in the new energy vehicle industry[35]. - The company signed an investment cooperation agreement for the Beihang UAV project with an expected investment amount of no less than ¥1 billion[53]. Risks and Challenges - The company faces risks related to reduced business volume due to external sales accounting for approximately 15% of revenue, which may be impacted by the ongoing pandemic in Europe and the U.S.[84]. - The company is exposed to foreign exchange risks due to its reliance on sales denominated in USD and EUR, which could affect profitability[84]. - The company has identified risks associated with fluctuations in raw material prices, particularly for steel and copper, which directly impact manufacturing costs[86]. - The company is entering the new energy vehicle and drone markets, facing challenges due to late entry and competition in these sectors[87]. - The company has a significant goodwill amount from the acquisition of Tianyu Changying, which poses a risk of impairment if future performance does not meet expectations[87]. Corporate Governance - The company held its annual general meeting on May 26, 2020, with a participation rate of 55.02%[90]. - No cash dividends or stock bonuses were distributed for the half-year period, and no capital reserve was converted into share capital[90]. - The half-year financial report was not audited[92]. - There were no significant litigation or arbitration matters during the reporting period[96]. - The company reported no major related party transactions during the half-year period[99]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[104]. Environmental Compliance - The company has established a wastewater treatment station with a design capacity of 15 tons/hour, ensuring compliance with environmental standards[130]. - The company has received the "Pollutant Discharge Permit" from the Taizhou Environmental Protection Bureau, confirming compliance with environmental regulations[131].

Financial Performance - The company's operating revenue for 2019 was ¥2,971,970,129.12, representing a 12.97% increase compared to ¥2,630,796,841.15 in 2018[23] - The net profit attributable to shareholders for 2019 was ¥306,031,881.87, an increase of 17.52% from ¥260,417,526.11 in 2018[23] - The net cash flow from operating activities reached ¥890,771,086.39, showing a significant increase of 121.73% compared to ¥401,730,530.45 in 2018[23] - Basic earnings per share for 2019 were ¥0.77, up 18.46% from ¥0.65 in 2018[23] - Total assets at the end of 2019 amounted to ¥4,249,006,674.73, a 23.49% increase from ¥3,440,865,246.15 at the end of 2018[23] - The net assets attributable to shareholders increased to ¥2,440,668,842.19, reflecting a 12.86% growth from ¥2,162,638,360.32 in 2018[23] - The net profit after deducting non-recurring gains and losses was ¥291,996,464.85, a 15.41% increase from ¥253,008,901.31 in 2018[23] - The gross profit margin for the manufacturing sector was 24.20%, reflecting a slight increase of 0.44% year-on-year[60] Revenue Breakdown - Total revenue for the year reached ¥2,972,970,129.12, with a quarterly breakdown showing Q1 at ¥599,951,338.09, Q2 at ¥620,531,508.16, Q3 at ¥731,293,827.20, and Q4 at ¥1,020,193,455.67[28] - Net profit attributable to shareholders for the year was ¥306,031,881.87, with quarterly figures of ¥56,155,676.68 in Q1, ¥76,945,712.80 in Q2, ¥85,217,687.60 in Q3, and ¥87,712,804.79 in Q4[28] - The company's drone technology service revenue decreased by 51.96% year-on-year, amounting to CNY 66,550,503.91[60] - The electric vehicle components segment saw a revenue increase of 15.02%, totaling CNY 625,390,451.04, while the automotive parts segment declined by 6.82% to CNY 1,226,443,929.56[60] - Domestic sales accounted for 86.04% of total revenue, with a year-on-year growth of 17.00%, while export sales decreased by 6.81%[60] Cash Flow and Investments - The net cash flow from operating activities for the year was ¥890,774,086.39, with significant increases in Q2, Q3, and Q4, reaching ¥105,450,472.06, ¥120,567,673.98, and ¥625,022,102.56 respectively[28] - The total cash inflow from investment activities rose by 61.54% to ¥240,951,056.56, primarily due to increased recoveries from bank financial products[78] - The company reported a significant asset impairment loss of ¥10,489,581.01, primarily due to inventory write-downs[79] R&D and Innovation - The company is focusing on R&D in drone technology, emphasizing smart control and autonomous flight systems to enhance its market position[52] - The company has established a research and development platform in Taizhou Bay, aiming to accelerate technology development and industrial growth[52] - The company has advanced precision stamping mold development capabilities, utilizing imported CNC equipment to ensure high manufacturing precision[43] - The company focuses on high-end specialized motor component manufacturing, which has led to a steady increase in profitability and reduced market risk[46] Market Position and Strategy - The company is a global leader in motor components, with a strong customer base and a dual-track layout formed through the acquisition of the Beihang UAV industry[42] - The company has established long-term partnerships with major domestic and international motor manufacturers, enhancing its competitive advantage and industry position[42] - The company plans to enhance its investment in the automotive sector, particularly in new energy vehicles, to capitalize on significant growth opportunities over the next decade[101] - The company aims to establish a drone industrial park and leverage its technological platform to drive innovation in the drone sector, targeting a dual focus on electric motors and drones[101] Risks and Challenges - The company has outlined potential risks and corresponding measures in its future development outlook section[7] - The automotive industry is facing challenges with a 7.5% decline in production and an 8.2% decline in sales in 2019, impacting the company's market outlook[93] - The company faces risks from fluctuating raw material prices, particularly for steel and copper, which directly affect manufacturing costs[106] - The company anticipates a decline in its motor business due to the pandemic, with a significant impact on the automotive supply chain and a projected drop in foreign trade revenue, which constitutes about 15% of total revenue[102] Shareholder Information - The total number of shares before the change was 400,020,000, with 50,053,800 shares (12.51%) being restricted shares and 349,966,200 shares (87.49%) being unrestricted shares[179] - The largest unrestricted shareholder is Tibet Beihang Changying Tianqi Information Technology Co., Ltd., holding 104,005,200 shares (26.00%)[185] - The company’s chairman, Yin Wei, increased his holdings by 15,000 shares, locking 75% of his shares as per regulations[179] - The total number of restricted shares held by Yin Wei at the end of the period is 8,389,950[182] Environmental and Compliance - The company has established a wastewater treatment facility with a design capacity of 15 tons/hour, ensuring compliance with environmental standards[169] - The company has implemented an environmental monitoring system for wastewater discharge, ensuring real-time compliance[171] - The company has committed to enhancing investor relations through various communication platforms[164]