Financial Performance - The company's operating revenue for 2022 was ¥253,009,434.57, representing a 13.67% increase compared to ¥222,588,256.53 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥30,402,165.80, a 25.93% increase from ¥24,141,744.96 in 2021[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,483,345.46, up 4.11% from ¥22,556,662.12 in 2021[23]. - The basic earnings per share for 2022 was ¥0.17, an increase of 30.77% from ¥0.13 in 2021[23]. - The weighted average return on net assets for 2022 was 6.67%, up from 5.66% in 2021[23]. - The net cash flow from operating activities for 2022 was -¥4,567,740.11, a decrease of 123.01% compared to ¥19,854,045.38 in 2021[23]. - Total assets increased by 12.59% to CNY 585,450,283.60 compared to the previous year[24]. - Net assets attributable to shareholders rose by 6.39% to CNY 470,111,041.70[24]. - Quarterly revenue for Q4 2022 reached CNY 72,926,567.37, marking an increase from Q3 2022[27]. - Net profit attributable to shareholders for Q4 2022 was CNY 8,975,779.23, showing a recovery from Q3 2022[27]. - The company reported a net cash flow from operating activities of -CNY 9,568,952.78 in Q4 2022, indicating cash flow challenges[27]. Market Position and Strategy - The company has established strong partnerships with leading manufacturers in the photovoltaic and energy storage sectors, enhancing its market position[36]. - The company is actively expanding into emerging markets such as wind power, photovoltaic, and new energy vehicles, aligning with green development goals[36]. - The company aims to become a global leader in circuit safety protection solutions, focusing on high-end markets for fuses and circuit protection components[53]. - The company plans to expand its market share by leveraging existing customer resources and exploring new markets and fields[54]. - The company has established strategic partnerships with professional distributors to enhance market penetration in regions like the US and Europe[58]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to strengthen its competitive position in the semiconductor industry[115]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[168]. Research and Development - The company holds 59 patents, with 15 new patents acquired during the reporting period, enhancing its R&D capabilities in circuit protection components[37]. - The company increased its R&D investment to CNY 20.04 million, a year-on-year growth of 100.45%, and completed the development of 48 specifications across 11 series of power products[63]. - The company has developed multiple new specialized fuses in response to international standards for battery protection during the reporting period[36]. - The company is committed to enhancing its research and development capabilities, with a focus on innovative semiconductor solutions to capture market opportunities[115]. - The company aims to innovate and expand its product application areas through ongoing R&D efforts in various sectors, including renewable energy[97]. Operational Efficiency and Digital Transformation - The company has implemented a digital transformation strategy to enhance operational efficiency, integrating digital processes from order entry to production delivery[65]. - The company is committed to cost reduction and efficiency improvement by developing automated production lines and innovating in product and technology[136]. - The company is accelerating its digital transformation and upgrading its smart factory capabilities to drive high-quality development[134]. - The company has completed the deployment of automated production lines, enhancing production capacity and product quality consistency[71]. Corporate Governance and Shareholder Relations - The company has established effective communication channels with shareholders to ensure equal treatment and protect minority shareholder rights[145]. - The governance structure of the company is compliant with regulatory requirements, enhancing operational efficiency and risk management[144]. - The company maintains independence from its controlling shareholder, ensuring no direct or indirect interference in decision-making processes[146]. - The company has established a board of directors consisting of 7 members, including 3 independent directors, ensuring compliance with legal requirements[147]. - The company emphasizes social responsibility and actively collaborates with stakeholders to balance interests and promote development[149]. Future Outlook - The company has outlined a future outlook with a projected revenue growth of 10% for the upcoming fiscal year, driven by increased demand for its electronic products[115]. - The company anticipates a recovery in revenue growth in 2023, targeting a revenue increase of approximately 10%[168]. - The company plans to enhance its electronic business while rapidly expanding its power-related business, focusing on new energy vehicles and circuit safety solutions[131]. - The company aims to achieve a non-fossil energy consumption ratio of approximately 20% by 2025 and 25% by 2030, aligning with national energy reform strategies[128]. Employee Management and Development - The company has established a comprehensive talent training system, focusing on high-quality talent recruitment and development to support sustainable growth[80]. - The company conducted various training programs, including new employee orientation and professional skills training, to enhance employee capabilities[187]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.6173 million[175]. - The company implemented a salary management system that includes basic salary, position subsidies, performance bonuses, and other components[186]. Risk Management - The company has outlined potential risks in its future operations in the management discussion section of the report[4]. - Major raw material prices, including copper, tin, and silver, are subject to international market fluctuations, which could lead to increased production costs and affect profit margins if not managed properly[137]. - The company faces market risks due to macroeconomic fluctuations affecting downstream customer growth, with expectations for rapid revenue growth in electronic power products being negatively impacted[136].

Group 1: Company Development Plans - The company aims to expand production capacity to meet increasing market demand and enhance competitiveness against international manufacturers like Littelfuse and Cooper Bussman [2] - The planned production capacity for the new project is 960 million units per year, focusing on circuit protection components [3] - The funds raised from the IPO will primarily be used for expanding production capacity of various fuses and circuit protection devices [2] Group 2: Product Applications - The company's products, including fuses and self-resetting fuses, are widely used in various sectors such as home appliances, consumer electronics, automotive electronics, and industrial equipment [4] - The circuit protection components industry is evolving, with applications expanding into emerging fields like 3D electronics, smart grids, aerospace, and robotics [4] - The company is committed to researching new application areas and developing innovative products to maintain its competitive edge [4]

Group 1: Investor Relations Activity - The investor relations activity was conducted on March 5, 2015, from 10:00 to 11:30 AM [1] - The meeting involved a discussion format with representatives from Guotai Junan Securities Investment Trust Co., Ltd. [1] - Key personnel from the company included Deputy General Manager Huang Hengming and Board Secretary Lin Qiong [1] Group 2: Market Overview of Circuit Protection Components - In 2014, the global consumption of circuit protection components reached $5.684 billion, with the electronic products sector accounting for $2.946 billion, approximately 51% of total consumption [2] - The industrial and automotive electronics sectors consumed $1.513 billion and $1.225 billion, representing 27% and 22% of total consumption, respectively [2] - The Asia-Pacific region was the largest consumer of circuit protection components, with an estimated consumption of $2.997 billion in 2014, about 53% of the global total [2] Group 3: Industry Trends and Future Outlook - The circuit protection components industry is expected to maintain a stable growth rate, with a projected annual compound growth rate of 3.3% from 2014 to 2019 [3] - The rapid development of electronic power industries, driven by new technologies such as IoT and renewable energy, is expected to increase the demand for circuit protection components [3] - The company aims to strengthen its market position in fuse products and expand into over-voltage protection components [6] Group 4: Competitive Landscape - The circuit protection components industry has high technical barriers, with leading companies in the US, Japan, and Europe controlling core technologies and standards [4] - The competitive landscape is divided into three tiers: - Tier 1: Established companies with strong market share and technology [5] - Tier 2: Companies focusing on niche markets with proprietary technologies [5] - Tier 3: Companies lacking R&D capabilities and producing low-value generic components [5] Group 5: Strategic Development Goals - The company aims to become a comprehensive manufacturer of circuit protection components, focusing on product development and market expansion in sectors like air conditioning, smart phones, and electric vehicles [6][7] - Future investments will enhance production capacity and establish a leading global manufacturing base for circuit protection components [7]

Group 1: Company Strategy and Market Expansion - The company has introduced a new development strategy called "XYZ Three Axes" to enhance competitiveness and sustainability, focusing on green energy and social responsibility [2][6]. - Future market expansion plans include optimizing the sales system and expanding into new domestic and international markets, with a focus on direct sales, professional distributors, and small trade companies [3][4]. - The company aims to increase the revenue share from power fuses to approximately 40% by enhancing its product offerings in the new energy sector [4][6]. Group 2: Financial Performance and Projections - In 2021, the company achieved a revenue of 222.59 million yuan, representing a year-on-year growth of 31.56%, and a net profit of 24.14 million yuan, up 123.85% [10][12]. - The company plans to continue leveraging market opportunities and increasing R&D efforts to maintain growth momentum in the face of rising competition [10][12]. Group 3: Product Development and Innovation - The company has invested significantly in R&D, with 9.9972 million yuan allocated in 2021, accounting for 4.49% of total revenue, and 15.11% of the workforce dedicated to R&D [9][10]. - The company has developed a comprehensive range of fuses and established strong partnerships with leading manufacturers in various sectors, including renewable energy and automotive [6][11]. Group 4: Industry Position and Competitive Advantage - The company is recognized as a leading manufacturer in the circuit protection component industry, with a strong market presence and a reputation for quality [8][11]. - It has established long-term partnerships with major brands, enhancing its competitive edge and market share [11][12]. - The company holds 47 patents as of the end of 2021, reflecting its commitment to innovation and technological advancement [8][9].

好利来（中国）电子科技股份有限公司 2022 年第三季度报告 证券代码：002729 证券简称：好利科技 公告编号：2022-086 好利来（中国）电子科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 好利来（中国）电子科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 60,725,764.9 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥119,357,102.26, representing a 12.51% increase compared to ¥106,081,197.56 in the same period last year[23]. - Net profit attributable to shareholders was ¥16,061,088.83, a significant increase of 51.35% from ¥10,611,952.71 in the previous year[23]. - The basic earnings per share rose to ¥0.12, reflecting a 50.00% increase compared to ¥0.08 in the same period last year[23]. - The company reported a decrease of 1.93% in net profit after deducting non-recurring gains and losses, totaling ¥9,156,306.85 compared to ¥9,336,624.49 in the previous year[23]. - The weighted average return on equity improved to 3.57%, up from 2.52% in the same period last year[23]. - The company achieved operating revenue of 119 million RMB, a year-on-year increase of 12.51%[45]. - Net profit attributable to shareholders reached 16.06 million RMB, reflecting a year-on-year growth of 51.35%[45]. - The company reported a total revenue of 239,591,200 yuan for the first half of 2022, with a net profit of 15,997,030 yuan, representing a profit margin of approximately 6.67%[95]. - The company reported a net profit margin of 5.1% for the current period, indicating a stable performance[198]. Assets and Liabilities - The total assets at the end of the reporting period were ¥552,788,663.90, which is a 6.31% increase from ¥519,993,699.54 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 2.94%, reaching ¥454,854,932.78 compared to ¥441,885,294.21 at the end of the previous year[23]. - Cash and cash equivalents at the end of the reporting period amounted to ¥99,089,796.15, representing 17.93% of total assets, a decrease of 3.07% compared to the previous year[78]. - Accounts receivable increased to ¥79,985,962.37, accounting for 14.47% of total assets, up by 3.41% due to increased sales revenue during the reporting period[78]. - Inventory stood at ¥55,412,283.58, which is 10.02% of total assets, showing a slight decrease of 0.89% from the previous year[78]. - The company's total liabilities included lease liabilities of ¥1,464,753.13, which is 0.26% of total assets, reflecting a significant increase due to new leases[78]. - The company's total liabilities increased to CNY 97,933,731.12 from CNY 78,108,405.33, representing a growth of about 25.5%[177]. - The company's total current assets were CNY 334,551,188.16, up from CNY 304,575,980.38, indicating an increase of about 9.8%[176]. Cash Flow - The net cash flow from operating activities was significantly lower at ¥13,484.56, down 95.33% from ¥288,803.96 in the same period last year[23]. - The total cash inflow from operating activities for the first half of 2022 was CNY 97,916,548.18, an increase of 15.4% compared to CNY 84,792,492.63 in the first half of 2021[189]. - The cash inflow from financing activities was CNY 12,250,000.00, leading to a net cash flow of CNY 7,587,189.76, compared to a net outflow of CNY 2,068,089.35 in the first half of 2021[191]. - The company experienced a net decrease in cash and cash equivalents of CNY 15,314,485.77, compared to a decrease of CNY 44,578,516.08 in the same period last year[193]. Research and Development - The company has obtained a total of 54 patents, including 7 new patents during the reporting period, enhancing its R&D capabilities[36]. - The company's R&D investment increased by 63.16% to ¥7,637,819.35, reflecting a commitment to innovation and product development[70]. - The company is focusing on enhancing its technological capabilities through research and development initiatives[200]. - The company has allocated 3.7 million yuan for research and development in new technologies and products[196]. Market Expansion and Strategy - The company aims to become a global leader in circuit safety protection solutions, focusing on the high-end market for fuses and circuit protection components[33]. - The company is actively expanding into emerging markets such as renewable energy, energy storage, and electric vehicles, aiming to increase its market share[36]. - The company is transitioning from a single fuse product provider to a comprehensive circuit protection system solution provider[50]. - The company plans to expand its market presence and invest in new product development to drive future growth[195]. Risk Management - The company faced significant risks and uncertainties regarding future operations, which are detailed in the report[4]. - The company is monitoring raw material price fluctuations, particularly for copper and tin, which could affect production costs and profit margins[99]. - The ongoing COVID-19 pandemic presents uncertainties that may impact overall performance, with measures in place to ensure operational continuity[100]. - The company has implemented risk control measures for commodity futures hedging, including strict control of futures positions and regular optimization of hedging scale and duration[89]. Corporate Governance and Social Responsibility - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, ensuring fair and transparent communication[112]. - The company actively engages in social responsibility initiatives, providing numerous job opportunities and fulfilling tax obligations[114]. - The company has established a comprehensive human resources management system to protect employee rights and promote a harmonious labor relationship[113]. - The company has received multiple awards for its commitment to quality and long-term partnerships with suppliers and customers[113]. Shareholder Information - The company plans to increase its share capital by 52,277,120 shares through a capital reserve conversion, resulting in a total share capital of 182,969,920 shares[106]. - The largest shareholder, Xusheng Asia Investment Co., Ltd., holds 24.52% of the shares, totaling 32,046,000 shares, with a reduction of 9,156,000 shares during the reporting period[162]. - The total number of ordinary shareholders at the end of the reporting period was 6,643[162]. - The report indicates that the company has no plans for share repurchase or other significant changes in shareholding structure[158].

Financial Performance - The company's operating revenue for 2021 was ¥222,588,256.53, representing a 31.56% increase compared to ¥169,195,010.59 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥24,141,744.96, a significant increase of 123.85% from ¥10,784,638.77 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2021 was ¥22,556,662.12, an increase of 56.45% compared to ¥14,417,809.71 in 2020[22]. - Basic and diluted earnings per share increased by 62.50% to ¥0.26 from ¥0.16 in 2020[22]. - The total assets at the end of 2021 were ¥519,993,699.54, representing a 10.59% increase from ¥470,210,637.67 at the end of 2020[22]. - The net assets attributable to shareholders increased by 6.25% to ¥441,885,294.21 from ¥415,874,261.62 in 2020[22]. - The company reported a total revenue of ¥222,588,256.53 for the year, with quarterly revenues of ¥46,221,280.62, ¥59,859,916.94, ¥60,540,194.57, and ¥55,966,864.40 respectively[26]. - The revenue from circuit protection components accounted for 93.61% of total revenue, amounting to ¥208.36 million, which is a 31.97% increase from ¥157.88 million in the previous year[84]. - The sales volume of circuit protection components reached 65,256.91 million units, up 31.10% from 49,777.29 million units in 2020[89]. - The gross profit margin for circuit protection components decreased to 31.15%, down from 31.97% in the previous year, indicating a decline of 7.22%[88]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥0.40 per 10 shares (including tax) based on a total of 93,352,000 shares[5]. - The cash dividend distribution plan for 2021 includes a cash dividend of 0.40 yuan per share, totaling 3,734,080 yuan[195]. - The total distributable profit for the period was 53,792,899.85 yuan, with cash dividends representing 100% of the profit distribution[193]. - The annual shareholders' meeting had a participation rate of 30.05%[154]. - The company has a clear profit distribution policy that considers the opinions of minority shareholders and involves independent directors in the decision-making process[191]. Market Expansion and Product Development - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[5]. - The company is actively expanding into emerging markets such as renewable energy, energy storage, and electric vehicles, aiming to increase market share[35]. - The company is transitioning from a single fuse product provider to a comprehensive circuit protection system solution provider, expanding its product categories[82]. - The company aims to expand its market share in the electronic fuse market, with a stable growth in customer numbers and a focus on developing the power fuse market[127]. - The company plans to increase the revenue share of its power fuses to approximately 40% by enhancing its research and development efforts in the new energy sector[129]. - The company is actively developing products in the renewable energy sector, including wind power, solar energy, and energy storage, in line with national carbon reduction goals[75]. Research and Development - The company has obtained a total of 47 patents, including 8 new patents in 2021, enhancing its R&D capabilities[36]. - Research and development expenses increased by 27.29% to ¥9,997,180.44, representing 4.49% of operating income[97]. - The company plans to increase its R&D budget by 30% in 2022 to support innovation and product development[171]. - The company has increased its R&D investment in new energy sectors, aiming to enhance its product offerings and market share[55]. - The company aims to enhance its core business by increasing investment in power products and expanding existing product usage scenarios[121]. Corporate Governance and Management - The company has established a strong market presence in various sectors, including traditional power generation, metallurgy, and aerospace, indicating significant market potential[53]. - The board of directors consists of 7 members, including 3 independent directors, meeting the legal requirements for governance structure[142]. - The company has established specialized committees within the board, including a strategy committee and an audit committee, to enhance governance[142]. - The company emphasizes the importance of corporate governance and compliance with regulatory standards in its operations[167]. - The company has a performance assessment system in place for determining remuneration for its directors and senior management[173]. Risk Management - The company emphasizes the importance of risk awareness regarding its future plans and market conditions[5]. - The company is aware of the volatility in raw material prices, particularly for copper and tin, and plans to implement hedging strategies to manage cost fluctuations[134]. - The company emphasizes risk management in its derivative trading, including price fluctuation and liquidity risks[114]. - The company acknowledges risks from macroeconomic fluctuations affecting downstream product demand and plans to enhance product development and market expansion to mitigate these risks[131]. Operational Changes and Challenges - The company experienced a leadership change with the resignation of several key executives, including the chairman and general manager, which may impact strategic direction[161]. - The company is focused on maintaining its operational stability despite the changes in management[161]. - The ongoing COVID-19 pandemic poses uncertainties for future performance, and the company will maintain close collaboration with customers to ensure operational continuity[135]. - The company has optimized its production capacity and labor structure to meet the increasing order volume and market demand post-COVID-19[79]. Employee and Training Initiatives - The company conducted various training programs to enhance employee skills, including management skills and professional knowledge training[190]. - The total number of employees at the end of the reporting period was 542, with 59 in the parent company and 483 in major subsidiaries[187]. - The employee composition included 381 production staff, 22 sales staff, 79 technical staff, 11 financial staff, and 49 administrative staff[187]. Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 15% to 18% based on market expansion strategies and new product launches[172]. - The company plans to continue expanding its market presence through strategic initiatives and potential acquisitions[157]. - The company aims to leverage its management's diverse backgrounds to improve operational efficiency and strategic decision-making[169].

好利来（中国）电子科技股份有限公司 2022 年第一季度报告 证券代码：002729 证券简称：好利科技 公告编号：2022-028 好利来（中国）电子科技股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 减 | | --- | --- | --- | --- | | 营业收入（元） | 63,753,930.93 | 46,221,280.62 | 37.93% | | 归属于上市公司股东的净利润（元） | 6,930,629.24 | 5 ...

Financial Performance - The company's revenue for Q3 2021 reached ¥60,540,194.57, representing a 38.49% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥5,972,944.96, up 58.79% year-on-year[4] - The net profit excluding non-recurring items was ¥5,729,110.27, reflecting a 60.43% increase compared to the previous year[4] - The company experienced a 43.99% increase in total revenue for the first nine months of 2021, amounting to ¥166,621,392.13, driven by strong customer demand and market expansion efforts[8] - Net profit for Q3 2021 was ¥16,584,897.67, an increase from ¥11,987,192.76 in the previous year, representing a growth of approximately 38.5%[29] - Total comprehensive income for the period reached CNY 16,408,291.14, compared to CNY 10,417,873.52 in the previous period, reflecting a significant increase[30] - Basic and diluted earnings per share improved to CNY 0.25 from CNY 0.18 year-over-year[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥495,530,061.51, a 5.38% increase from the end of the previous year[4] - The company's total assets increased to ¥495,530,061.51 from ¥470,210,637.67, reflecting a growth of about 5.1%[26] - Current liabilities totaled ¥65,692,083.78, up from ¥53,908,532.16, which is an increase of approximately 21.9%[24] - The company's equity attributable to shareholders reached ¥429,615,352.76, compared to ¥415,874,261.62, showing a growth of about 3.3%[26] Cash Flow - Operating cash flow for the year-to-date was negative at -¥47,596,874.90, a decrease of 242.40% compared to the previous year, primarily due to increased raw material costs and higher employee payments[9] - Cash inflow from operating activities totaled CNY 140,809,274.60, up from CNY 126,293,216.07 in the previous period[32] - Cash outflow from operating activities increased to CNY 188,406,149.50, compared to CNY 92,869,408.94 in the previous period, resulting in a net cash flow from operating activities of -CNY 47,596,874.90[33] - Cash inflow from investment activities was CNY 90,588,239.72, while cash outflow was CNY 119,343,650.41, leading to a net cash flow from investment activities of -CNY 28,755,410.69[33] - Cash inflow from financing activities amounted to CNY 15,000,000.00, with cash outflow totaling CNY 12,979,220.81, resulting in a net cash flow from financing activities of CNY 2,020,779.19[33] - The ending cash and cash equivalents balance was CNY 57,948,747.03, down from CNY 111,715,034.60 in the previous period[33] Research and Development - The company reported a significant increase in R&D expenses, totaling ¥7,921,542.73, which is a 39.21% rise year-on-year, indicating a focus on product innovation[8] - Research and development expenses for the period were reported at ¥7,921,542.73, compared to ¥5,690,255.13 in the previous year, reflecting an increase of approximately 39.2%[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 4,544[11] - The top 10 shareholders hold a combined 66.42% of the shares, with the largest shareholder, 旭昇亚洲投资有限公司, owning 24.52%[11] - The company approved a capital reserve conversion plan, increasing the total share capital from 66,680,000 shares to 93,352,000 shares, with a 40% increase in shares distributed[14] Strategic Initiatives - The company plans to invest 5 million RMB in 曲速科技, acquiring a 3.125% stake, pending due diligence[17] - The company is exploring market expansion through strategic investments and partnerships[17] - The company has initiated a plan for commodity futures hedging to manage financial risks[19] - The company has approved a maximum margin trading limit of 10 million RMB for commodity futures hedging activities[19] Other Information - The company has not declared cash dividends or stock dividends for the current period[14] - The company changed its stock abbreviation from "好利来" to "好利科技" effective September 24, 2021[20] - Cash and cash equivalents decreased from 134,840,619.13 RMB at the end of 2020 to 60,309,217.60 RMB by September 30, 2021[22] - The company reported a credit impairment loss of ¥1,431,847.61, compared to a gain of ¥306,966.51 in the previous year[29] - The company did not undergo an audit for the third quarter report[35] - The company has not applied the new leasing standards for the current reporting period[34]

Financial Performance - The company's revenue for the first half of 2021 was CNY 106,081,197.56, representing a 47.33% increase compared to CNY 72,000,860.32 in the same period last year[19]. - The net profit attributable to shareholders was CNY 10,611,952.71, up 29.01% from CNY 8,225,700.22 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 9,336,624.49, reflecting a 41.00% increase from CNY 6,621,905.91 in the previous year[19]. - The basic earnings per share increased by 33.33% to CNY 0.16 from CNY 0.12 year-on-year[19]. - The company reported a net profit of CNY 94.46 million for the first half of 2021, down from CNY 100.10 million in the same period of 2020, a decrease of about 5.5%[136]. - The total comprehensive income for the period was reported at CNY -40.08 million, compared to CNY -39.89 million in the previous period, indicating a slight deterioration[131]. - The total comprehensive income for the first half of 2021 decreased by CNY 2,973,641, representing a significant decline compared to the previous period[161]. Assets and Liabilities - The company's total assets increased by 3.25% to CNY 485,505,997.62 from CNY 470,210,637.67 at the end of the previous year[19]. - Total assets increased to CNY 485.51 billion as of June 30, 2021, compared to CNY 470.21 billion at the end of 2020, reflecting a growth of approximately 3.0%[129]. - Total liabilities increased to CNY 61.88 billion from CNY 54.34 billion, representing a growth of around 13.9%[131]. - Current liabilities totaled CNY 61.66 billion, up from CNY 53.91 billion, indicating an increase of about 14.5%[130]. - The company's inventory increased to CNY 46,297,798, representing 9.54% of total assets[49]. - The company's cash and cash equivalents decreased to CNY 54.20 million from CNY 98.78 million, a decline of about 45.0%[133]. Cash Flow - The company reported a significant decline in net cash flow from operating activities, which was CNY 288,803.96, down 98.95% from CNY 27,534,881.13 in the same period last year[19]. - The net cash flow from operating activities was 288,803.96 CNY, a significant decrease from 27,534,881.13 CNY in the previous period, indicating a decline in operational efficiency[146]. - The total cash inflow from investment activities was 55,240,579.18 CNY, compared to 50,398,743.83 CNY in the prior period, reflecting an increase in investment recovery[147]. - The net cash flow from investment activities was -37,039,014.85 CNY, a sharp decline from 24,998,043.97 CNY, suggesting increased investment expenditures[147]. - The company reported a net cash outflow of 39,427,389.74 CNY for the period, contrasting with a net increase of 48,495,848.72 CNY previously, highlighting cash management challenges[147]. Market and Business Strategy - The company is actively expanding into the renewable energy sector, including photovoltaic, energy storage, wind power, and new energy vehicles, while maintaining its core business in circuit protection components[26]. - The company aims to reduce customer concentration and enhance sustainable development capabilities by exploring new markets and business opportunities[26]. - The company is focusing on expanding its business in the renewable energy sector, including solar, energy storage, wind power, and electric vehicles[31]. - The company has maintained a sales model that combines direct sales, professional distributors, and small to medium-sized traders, ensuring a broad application of its products across various industries[26]. Research and Development - Research and development investment increased by 23.53% to ¥4,681,185.67, reflecting the company's commitment to innovation and product development[41]. - The company emphasizes technological innovation and has built a strong R&D team capable of developing various types of fuses[35]. - The company has obtained 50 patents, with 5 new patents acquired during the reporting period, covering various innovative technologies[35]. Quality Management - The company has established a comprehensive quality management system, achieving BSI•ISO9001:2008 and BSI•ISO/TS16949:2009 certifications, enhancing its product reliability and market competitiveness[37]. - The company emphasizes strict quality management to mitigate risks associated with product quality, as failures could harm brand reputation and lead to significant compensation costs[62]. Shareholder and Equity Information - The total number of shares remained unchanged at 66,680,000, with a significant increase of 2,735,499 shares in restricted shares due to executive lock-up[111]. - The largest shareholder, Xusheng Asia Investment Co., Ltd., holds 24.52% of the shares, totaling 16,350,000[116]. - The company will not distribute cash dividends or issue bonus shares, opting instead to increase capital stock by 4 shares for every 10 shares held, totaling 26,672,000 shares[70]. Social Responsibility and Community Engagement - The company donated 245,000 yuan to support flood relief efforts in Henan Province following severe flooding in July 2021[81]. - The company has received multiple honors for its commitment to social responsibility, including recognition as a "Harmonious Labor Relations Enterprise" and "Advanced Unit for Humanitarian Contributions"[78]. Risk Factors - The company faces market risks due to macroeconomic fluctuations affecting downstream product demand, which could negatively impact revenue growth[60]. - The company is exposed to raw material price volatility, particularly for copper and tin, which could affect production costs and profit margins[63].