Financial Performance - The company's revenue for Q1 2021 was ¥46,221,280.62, representing a 74.96% increase compared to ¥26,418,046.94 in the same period last year[8] - Net profit attributable to shareholders was ¥5,229,952.52, a significant increase of 317.55% from ¥1,252,521.12 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥4,719,047.91, marking a 900.66% increase from ¥471,594.35 in the previous year[8] - Basic and diluted earnings per share were both ¥0.08, reflecting a 300% increase compared to ¥0.02 in the same period last year[8] - The company's operating profit for Q1 2021 was CNY 6,223,246.08, compared to CNY 2,177,555.37 in the previous year, representing an increase of approximately 186%[38] - The net profit for Q1 2021 reached CNY 5,229,952.52, a significant increase from CNY 1,252,521.12 in the same period last year, marking a growth of about 318%[38] - Total comprehensive income for Q1 2021 was CNY 5,302,559.36, compared to CNY 1,624,627.54 in the previous year, indicating an increase of approximately 226%[39] - The total profit for Q1 2021 was CNY 6,227,151.29, compared to CNY 2,106,177.42 in the previous year, marking an increase of about 195%[38] Cash Flow - The company reported a net cash flow from operating activities of -¥2,945,118.89, a decline of 120.49% compared to ¥14,373,482.01 in the same period last year[8] - The net cash flow from operating activities decreased by 120.49% to -¥2,945,118.89 in Q1 2021, compared to ¥14,373,482.01 in Q1 2020, due to reduced sales revenue and increased cash payments for goods and services[16] - The company reported a cash inflow from operating activities of CNY 35,093,861.03 in Q1 2021, compared to CNY 38,880,084.29 in the previous year, reflecting a decrease of about 7%[45] - The net cash flow from investment activities was -¥872,208.69, a 103.95% decrease from ¥22,103,199.07 in the previous year, due to reduced net amounts from financial products[16] - The cash flow from operating activities showed a total outflow of 41,295,723.44 CNY, compared to 27,833,710.26 CNY in the previous period[46] - The cash flow from operating activities netted a total of -9,170,782.20 CNY for the parent company, a decrease from 22,599,078.58 CNY in the previous period[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥469,409,585.85, a slight decrease of 0.17% from ¥470,210,637.67 at the end of the previous year[8] - Net assets attributable to shareholders increased by 1.28% to ¥421,176,820.98 from ¥415,874,261.62 at the end of the last year[8] - Total liabilities decreased to ¥48,232,764.87 from ¥54,336,376.05, reflecting a reduction in financial obligations[30] - Owner's equity increased to ¥421,176,820.98 from ¥415,874,261.62, indicating a strengthening of the company's financial position[31] Operating Costs - Operating costs increased by 86.49% to ¥28,470,107.94 in Q1 2021 from ¥15,266,203.18 in Q1 2020, driven by the rise in operating revenue[15] - Total operating costs amounted to ¥40,645,362.03, up from ¥25,684,942.31, with operating costs specifically rising to ¥28,470,107.94 from ¥15,266,203.18[37] - The operating costs for Q1 2021 were CNY 1,300,851.10, slightly down from CNY 1,355,748.94 in the previous year, indicating a decrease of approximately 4%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,997[11] - The top shareholder, Xusheng Asia Investment Co., Ltd., held 24.52% of the shares, amounting to 16,350,000 shares[11] Research and Development - Research and development expenses rose to ¥2,139,296.87 from ¥1,694,516.13, highlighting a commitment to innovation[37] Other Financial Metrics - The weighted average return on equity was 1.25%, up from 0.28% year-on-year, indicating improved profitability[8] - Other income decreased by 55.76% to ¥362,726.24 from ¥819,874.40, mainly due to a reduction in government subsidies during the reporting period[15] - Credit impairment losses dropped by 79.60% to ¥87,832.06 from ¥430,533.96, reflecting the increase in operating revenue[15] - Deferred income tax liabilities decreased to ¥160,275.18 from ¥200,343.89, suggesting improved tax management[34] - The company reported a slight increase in undistributed profits to ¥193,488,298.26 from ¥188,258,345.74, indicating retained earnings growth[31]

Financial Performance - The company's operating revenue for 2020 was ¥169,195,010.59, a decrease of 4.99% compared to ¥178,077,303.92 in 2019[17] - The net profit attributable to shareholders for 2020 was ¥10,784,638.77, down 50.09% from ¥21,608,922.16 in 2019[17] - The net profit after deducting non-recurring gains and losses was ¥14,417,809.71, a decrease of 11.85% from ¥16,356,014.13 in 2019[17] - The net cash flow from operating activities was ¥30,135,715.44, down 28.51% from ¥42,151,697.53 in 2019[17] - Basic earnings per share for 2020 were ¥0.16, a 50.00% decrease from ¥0.32 in 2019[17] - Total assets at the end of 2020 were ¥470,210,637.67, a decrease of 4.31% from ¥491,410,105.70 at the end of 2019[17] - The net assets attributable to shareholders at the end of 2020 were ¥415,874,261.62, down 7.09% from ¥447,622,767.60 at the end of 2019[17] - The weighted average return on equity for 2020 was 2.50%, a decrease of 2.41% from 4.91% in 2019[17] Cash Flow and Investments - The company reported uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[17] - The company reported a 52.64% increase in cash and cash equivalents to CNY 134,840,600, primarily due to the maturity of financial products[31] - The company's investment activities generated a net cash flow of ¥23,020,573.97 in 2020, a significant increase compared to a net outflow of -¥34,078,302.79 in 2019[64] - The total cash and cash equivalents increased by ¥44,540,447.99 in 2020, a significant change compared to a decrease of ¥6,658,769.25 in 2019[65] Revenue Breakdown - Revenue from circuit protection components was ¥157,883,143.29, accounting for 93.31% of total revenue, down 5.24% from ¥166,606,529.91 in 2019[50] - The company experienced a 16.92% decline in export revenue, which amounted to ¥26,503,785.78, compared to ¥31,902,900.48 in the previous year[50] - The gross margin for circuit protection components was 38.37%, slightly down from 38.74% in 2019[52] - The production volume of circuit protection components decreased by 2.40% to 44,100.35 million units in 2020, while inventory increased by 30.64% to 15,675.06 million units[53] Research and Development - The company has established a comprehensive R&D team over 20 years, covering five product categories including tubular fuses and SMD fuses[36] - The company holds 39 patents related to fuse production technology, enhancing its product development capabilities[36] - The company plans to increase R&D investment to improve innovation efficiency and develop new products in high-voltage, high-breaking capacity, and high-rated current series for emerging markets like 5G and renewable energy[93] Market Strategy and Expansion - The company has increased its investment in the renewable energy sector, particularly in photovoltaic and electric vehicle markets, aiming to capture a larger market share[28] - The company aims to enhance its competitive edge through continuous technological innovation and business expansion in smart city and digital network sectors[28] - The company is actively expanding its sales network in international markets, including the US, Europe, and Japan, to enhance global coverage and market share[96] - The company is focusing on developing industrial applications, clean energy, and electric vehicles, aligning with green and low-carbon development principles[97] Governance and Compliance - The company has established a governance structure that complies with the requirements of the China Securities Regulatory Commission and the Shenzhen Stock Exchange[197] - The board of directors consists of 7 members, including 3 independent directors, with one being a financial professional, meeting legal requirements[198] - The company has maintained compliance with all relevant laws and regulations without any penalties or corrective actions during the reporting period[122] - The company emphasizes transparency and timely information disclosure, ensuring equal access for all shareholders[199] Shareholder and Ownership Structure - The actual controller, Zheng Qianling, was exempted from fulfilling voluntary share lock-up commitments to facilitate the introduction of quality investors[47] - The total number of ordinary shareholders at the end of the reporting period was 3,872, down from 3,997 at the end of the previous month[166] - The largest shareholder, Haolilai Holdings Limited, holds 41.91% of the shares, totaling 27,945,440 shares, with a decrease of 404,600 shares during the reporting period[166] - The company has not reported any changes in share capital or significant financial metrics related to share changes during the reporting period[163] Employee Management and Development - The total number of employees in the company is 600, with 52 in the parent company and 548 in major subsidiaries[191] - The company has established various training programs to enhance employee skills and capabilities[194] - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 3.5768 million yuan[190] - The company has implemented a salary management system that includes basic salary, position subsidies, performance bonuses, and other components[193] Legal Matters and Risks - The company is involved in a civil lawsuit related to its subsidiary, with the case filed in British Columbia[155] - The lawsuit against Ultrasave Lighting and Energy Efficient did not specify a monetary amount for the civil claim, and the company has engaged lawyers to respond to the court[157] - The British Columbia Supreme Court ruled in December 2020 that all claims made by the plaintiff against the defendant were dismissed, with no party required to bear costs[158] - The court's ruling is not expected to have a significant impact on the company's current or future profits[159]

好利来（中国）电子科技股份有限公司 2020 年第三季度报告全文 好利来（中国）电子科技股份有限公司 2020 年第三季度报告 2020 年 10 月 1 好利来（中国）电子科技股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人杨力、主管会计工作负责人张广雁及会计机构负责人(会计主管 人员)陈梓华声明：保证季度报告中财务报表的真实、准确、完整。 2 好利来（中国）电子科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 508,208,208.14 | | 491,410,105.70 | 3.42% | | 归属于上市公司股东的净资产 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥72,000,860.32, a decrease of 21.04% compared to ¥91,183,217.66 in the same period last year[18]. - The net profit attributable to shareholders was ¥8,225,700.22, down 22.22% from ¥10,575,583.09 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥6,621,905.91, representing a decline of 30.24% compared to ¥9,492,874.73 in the previous year[18]. - The company's total revenue for the first half of 2020 was ¥72,000,860.32, a decrease of 21.04% compared to ¥91,183,217.66 in the same period last year[45]. - The net profit for the first half of 2020 was ¥8,225,700.22, down 22.22% from ¥10,575,583.09 in the previous year[45]. - The company's total comprehensive income for the first half of 2020 was reported at -1,213.3 million RMB, indicating a significant decrease compared to the previous period[177]. - The total comprehensive income for the first half of 2020 was CNY 7,380,230.73, down from CNY 10,645,377.55 in the first half of 2019[160]. Cash Flow and Assets - The net cash flow from operating activities increased by 66.68% to ¥27,534,881.13 from ¥16,520,011.09 in the same period last year[18]. - Cash and cash equivalents increased by 54.90% to 136.8334 million yuan, primarily due to the recovery of financial products and reduced payment of goods[29]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥48,495,848.72, up 243.21% from ¥14,130,208.46 in the previous year[48]. - The company's cash and cash equivalents at the end of the reporting period were ¥136,833,434.99, representing 27.40% of total assets[57]. - The company's cash and cash equivalents increased to CNY 79,544,149.58, up 79.4% from CNY 44,380,753.18 at the end of 2019[151]. - The total assets at the end of the reporting period were ¥499,306,691.62, an increase of 1.61% from ¥491,410,105.70 at the end of the previous year[18]. - The company's total assets as of June 30, 2020, amounted to CNY 499,306,691.62, an increase from CNY 491,410,105.70 as of December 31, 2019, reflecting a growth of approximately 1.8%[146]. Investments and R&D - The company has increased its investment in the renewable energy sector, including photovoltaic, energy storage, and electric vehicle markets, aiming to expand market share and reduce customer concentration[27]. - The company's R&D investment for the first half of 2020 was ¥3,789,361.70, a decrease of 4.41% from ¥3,964,336.34 in the previous year[47]. - The company has established a comprehensive R&D team and emphasizes technical innovation and service improvement as key growth drivers[28]. - The company holds 39 patents related to fuse production technology, enhancing its product development capabilities[35]. Market and Product Positioning - The company continues to focus on the research, production, and sales of circuit protection components, including fuses and self-resetting fuses, while expanding into overvoltage protection[25]. - The company's products are primarily positioned in the mid-to-high-end market, serving major international brand enterprises[25]. - Revenue from circuit protection components was ¥66,938,454.24, accounting for 92.97% of total revenue, down 21.79% from ¥85,588,820.29[50]. - The revenue from fuses was ¥62,300,106.41, representing 86.53% of total revenue, a decline of 19.13% from ¥77,041,350.94[50]. Liabilities and Financial Health - The total liabilities of the company as of June 30, 2020, were CNY 48,971,293.29, up from CNY 43,787,338.10 at the end of 2019, marking an increase of about 11.4%[148]. - The company's total equity decreased to CNY 374,959,742.97 from CNY 382,480,473.40, reflecting a reduction in retained earnings[153]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[185]. Risk Factors - The company faces market risks due to macroeconomic fluctuations affecting downstream product demand, which could negatively impact revenue growth[74]. - The company is exposed to raw material price volatility, particularly for copper and tin, which could affect production costs and profit margins[77]. - The ongoing COVID-19 pandemic presents uncertainties regarding the overall performance for the year, with the company monitoring the situation closely[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,680,000, representing 100% of the shares[126]. - The largest shareholder, Haolilai Holdings Limited, holds 28,217,540 shares, accounting for 42.32% of the total shares, with a decrease of 132,500 shares during the reporting period[129]. - The second largest shareholder, Xusheng Asia Investment Limited, holds 16,350,000 shares, representing 24.52% of the total shares, with a decrease of 928,900 shares[129]. Legal and Regulatory Matters - There were no significant legal disputes or regulatory penalties faced by the company during the reporting period[87][88]. - There are ongoing legal proceedings involving the company's subsidiary, Ultrasave Lighting and Energy Efficient, related to a fire incident, but no specific monetary claims have been disclosed yet[120][121]. Corporate Governance - The financial report for the first half of 2020 was not audited[144]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[187].

Financial Performance - The company's operating revenue for 2019 was CNY 178,077,303.92, representing a 0.69% increase compared to CNY 176,859,629.18 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 21,608,922.16, which is a 4.76% increase from CNY 20,626,502.13 in 2018[16] - The net profit after deducting non-recurring gains and losses was CNY 16,356,014.13, showing a decrease of 8.77% from CNY 17,929,144.91 in 2018[16] - The net cash flow from operating activities increased by 91.82% to CNY 42,151,697.53, compared to CNY 21,974,319.67 in 2018[16] - The total assets at the end of 2019 were CNY 491,410,105.70, a 1.62% increase from CNY 483,553,484.74 at the end of 2018[16] - The basic earnings per share for 2019 was CNY 0.32, up 3.23% from CNY 0.31 in 2018[16] - The company reported a quarterly revenue of CNY 48,433,861.76 in Q4 2019, with a net profit of CNY 6,477,961.70 for the same quarter[20] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.7 per 10 shares, based on a total share capital of 66,680,000 as of December 31, 2019[5] - The company distributed cash dividends of 0.7 yuan per 10 shares for the fiscal year 2019, totaling 4,667,600.00 yuan[126] - The cash dividend for 2018 was also 0.7 yuan per 10 shares, amounting to 4,667,600.00 yuan, representing 22.63% of the consolidated net profit attributable to shareholders[125] - The total cash dividends distributed over the last three years were 4,667,600.00 yuan in 2019, 4,667,600.00 yuan in 2018, and 6,668,000.00 yuan in 2017[129] - The company's cash dividends for 2019 accounted for 100% of the total profit distribution[130] Market Expansion and Strategy - The company is focusing on expanding into new markets such as renewable energy, electric vehicles, and photovoltaic sectors, aiming to reduce customer concentration and operational risks[27] - The company has established a comprehensive sales model combining direct sales, professional distributors, and small trade merchants, enhancing market reach[25] - The company is actively expanding its market presence in the photovoltaic new energy generation sector and instrumentation markets[50] - The company aims to strengthen its market leadership in fuse products and expand into overvoltage protection and clean energy applications[100] - The company has a strategic focus on expanding its market presence in electronic products, particularly in air conditioning, smart homes, and electric vehicles[100] Research and Development - The company has a strong R&D team that has developed capabilities in overcurrent and over-temperature protection components, contributing to its competitive advantage[37] - Research and development expenses increased by 27.00% to ¥10,453,422.54 from ¥8,230,759.69 in the previous year[74] - The number of R&D personnel increased by 32.73% from 55 in 2018 to 73 in 2019[76] - The company will increase R&D investment to improve innovation efficiency, including building various laboratories and testing facilities to enhance technical innovation capabilities[108] - The company aims to develop new products in the fields of information electronics, small and medium power supplies, photovoltaic power generation, and electric vehicles, focusing on smaller size, higher voltage, and greater rated current capabilities[107] Quality Management and Compliance - The company has established a robust quality management system, achieving BSI•ISO9001:2008 and BSI•ISO/TS16949:2009 certifications[43] - The company emphasizes strict quality management to prevent product quality risks, as failures could lead to significant brand damage and financial liabilities[116] - The company maintains a commitment to legal compliance and transparency in its operations and disclosures[176] Financial Management - The company has a total of CNY 20,087,800 in cash and cash equivalents in Hong Kong, accounting for 4.58% of its net assets[30] - The company reported a significant increase in other income, which accounted for 22.24% of total profit, mainly from government subsidies[81] - The company has invested in automation processes to improve production efficiency and reduce manufacturing costs[54] - The company has engaged in high-risk entrusted financial management, with a total of 2,200 in principal amount, yielding an annualized return of 3.30%[167] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,418, an increase from 4,389 at the end of the previous month[193] - Haolilai Holdings Limited holds a 42.52% stake in the company, amounting to 28,350,040 shares[193] - Xusheng Asia Investment Limited holds a 25.91% stake, totaling 17,278,900 shares, with 16,350,000 shares pledged[193] - The company has a total of 10 shareholders holding more than 10% of the shares, with no new significant shareholders reported[200] Legal and Regulatory Matters - The company has not engaged in any significant asset or equity sales during the reporting period[95] - The company has not reported any expected inability to recover principal from entrusted financial management[169] - The company did not experience any major litigation or arbitration matters during the reporting period[143] - The company has committed to timely and sufficient disclosure of any unfulfilled promises to shareholders and the public[136]

Financial Performance - The company's operating revenue for Q1 2020 was ¥26,418,046.94, a decrease of 42.46% compared to ¥45,913,365.99 in the same period last year[8] - The net profit attributable to shareholders was ¥1,252,521.12, down 74.47% from ¥4,905,807.97 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥471,594.35, a decline of 89.64% compared to ¥4,551,406.07 in the previous year[8] - Basic and diluted earnings per share were both ¥0.02, down 71.43% from ¥0.07 in the previous year[8] - Operating revenue decreased by 42.46% to ¥26,418,046.94 from ¥45,913,365.99, primarily due to the impact of the COVID-19 pandemic and reduced downstream customer demand[16] - Operating costs fell by 44.70% to ¥15,266,203.18 from ¥27,605,516.16, mainly as a result of decreased operating revenue[16] - Comprehensive income for the current period totals CNY 1,624,627.54, down from CNY 4,507,372.34 in the previous period[43] - Operating profit for the current period is CNY 2,177,555.37, a decrease from CNY 6,056,117.02 in the previous period[42] - The company reported a tax expense of CNY 853,656.30 for the current period, down from CNY 1,151,945.10 in the previous period[42] Cash Flow - The net cash flow from operating activities increased by 14.91% to ¥14,373,482.01 from ¥12,508,691.13 in the same period last year[8] - Net cash flow from investing activities was ¥22,103,199.07, a significant increase from -¥295,238.00, primarily due to the recovery of bank financial products[16] - The net cash flow from operating activities for the first quarter was CNY 14,373,482.01, an increase of 14.9% compared to CNY 12,508,691.13 in the previous year[50] - Total cash inflow from investment activities was CNY 25,205,684.93, while cash outflow was CNY 3,102,485.86, resulting in a net cash flow of CNY 22,103,199.07, compared to a negative cash flow of CNY 295,238.00 in the previous year[50] - The net cash flow from financing activities was negative CNY 111,057.92, a significant decrease from a positive cash flow of CNY 9,754,225.01 in the previous year[51] - The total cash and cash equivalents at the end of the period amounted to CNY 125,581,882.72, up from CNY 116,008,407.91 in the previous year, reflecting a net increase of CNY 37,244,296.45[51] - Cash outflow from operating activities was CNY 4,821,346.08, a decrease from CNY 19,906,461.96 in the previous year, showing improved operational efficiency[52] - The company received CNY 22,000,000.00 from investment recoveries, contributing to a strong cash inflow from investment activities[54] - The cash flow from financing activities included CNY 10,000,000.00 from borrowings, which was not present in the previous year[54] - The impact of exchange rate changes on cash and cash equivalents was CNY 878,673.29, compared to a negative impact of CNY 955,625.75 in the previous year, indicating improved currency stability[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥490,489,708.35, a slight decrease of 0.19% from ¥491,410,105.70 at the end of the previous year[8] - The net assets attributable to shareholders increased by 0.36% to ¥449,247,395.14 from ¥447,622,767.60 at the end of the previous year[8] - Total non-current assets decreased to CNY 265,521,455.89 from CNY 268,907,926.70, a reduction of about 1.4%[33] - Total liabilities decreased to CNY 41,242,313.21 from CNY 43,787,338.10, indicating a decline of approximately 5.8%[34] - The company reported a decrease in current liabilities to CNY 40,822,216.54 from CNY 43,319,687.60, a decline of approximately 11.5%[34] - The total equity attributable to shareholders increased to CNY 449,247,395.14 from CNY 447,622,767.60, showing a growth of about 0.4%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,389[11] - The largest shareholder, Haolilai Holdings Limited, holds 42.51% of the shares, totaling 28,348,040 shares[11] Government Support - The company received government subsidies amounting to ¥819,874.40 during the reporting period[9] - Other income rose by 84.67% to ¥819,874.40 from ¥443,966.58, mainly due to increased government subsidies[16] Miscellaneous - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[55] - The company experienced a 168.38% increase in prepayments to ¥3,268,511.52 from ¥1,217,844.91, primarily due to prepayments for testing fees and supplier payments[15] - Financial expenses decreased by 149.54% to -¥459,193.84 from ¥926,963.42, mainly due to reduced bank borrowings and increased foreign exchange gains[16] - The company’s inventory remained stable at CNY 33,982,086.95 compared to CNY 33,542,726.86, reflecting a marginal increase of about 1.3%[32] - The company’s retained earnings increased to CNY 183,393,828.09 from CNY 182,141,306.97, an increase of approximately 0.7%[35] - Research and development expenses for the current period amount to CNY 1,694,516.13, slightly down from CNY 1,855,376.95 in the previous period[41]

Financial Performance - Operating revenue for the reporting period was ¥38,460,224.50, a decrease of 11.70% year-on-year[7] - Net profit attributable to shareholders was ¥4,555,377.37, reflecting a slight increase of 0.64% compared to the same period last year[7] - Basic earnings per share remained stable at ¥0.07, with a year-to-date decrease of 8.00% to ¥0.23[7] - The weighted average return on equity was 1.03%, down by 0.03% from the previous year[7] - Total operating revenue for Q3 2019 was CNY 38,460,224.50, a decrease of 11.5% from CNY 43,556,144.28 in the same period last year[41] - Net profit for Q3 2019 was CNY 4,555,377.37, slightly up from CNY 4,526,521.40 in Q3 2018, representing a 0.6% increase[42] - Total comprehensive income for Q3 2019 was CNY 5,028,575.70, down from CNY 5,343,549.54 in the previous year, reflecting a decrease of 5.9%[43] - Total profit for Q3 2019 was ¥18,760,733.01, down 10.5% from ¥20,966,628.57 in the same quarter last year[50] Cash Flow - Net cash flow from operating activities decreased by 28.05% to ¥5,410,023.75[7] - Net cash flow from operating activities rose by 132.73% to ¥21,930,034.84, primarily due to increased cash received from sales[16] - Cash flow from operating activities included cash received from sales of goods and services amounting to ¥119,284,041.21, compared to ¥108,048,269.94 in the previous year[57] - The net cash flow from operating activities for Q3 2019 was CNY 21,930,034.84, an increase of 132.6% compared to CNY 9,423,034.63 in the same period last year[58] - Total cash inflow from operating activities amounted to CNY 129,976,888.99, up from CNY 118,432,672.24 year-on-year[58] - Cash outflow from operating activities was CNY 108,046,854.15, slightly down from CNY 109,009,637.61 in the previous year[58] - The ending balance of cash and cash equivalents was CNY 106,921,224.01, an increase from CNY 93,745,747.23 year-on-year[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥492,653,887.72, an increase of 1.88% compared to the previous year[7] - Total current assets decreased to CNY 223,253,940.80 from CNY 245,906,408.24, a decline of approximately 9.5% year-over-year[32] - Total non-current assets increased to CNY 269,399,946.92 from CNY 237,647,076.50, an increase of approximately 13.4%[32] - Total current liabilities decreased to CNY 47,490,098.19 from CNY 49,314,571.28, a decline of approximately 3.7%[33] - Total liabilities decreased to CNY 48,126,411.10 from CNY 50,032,361.37, a reduction of about 3.8%[33] - Total equity increased to CNY 444,527,476.62 from CNY 433,521,123.37, reflecting a growth of approximately 2.3%[34] Shareholder Information - The company reported a total of 5,044 common shareholders at the end of the reporting period[11] - The largest shareholder, Haolilai Holdings Limited, holds 42.52% of the shares, totaling 28,350,040 shares[11] - There were no significant changes in the shareholding structure among the top ten shareholders during the reporting period[12] Other Financial Metrics - The company received government subsidies amounting to ¥2,398,705.41 during the reporting period[8] - Prepayments increased by 710.84% to ¥7,996,641.72 due to increased advance payments for renovation and inspection services[15] - Other receivables decreased by 90.27% to ¥3,941,809.94 as investment intention funds were converted to other equity instruments[15] - Financial expenses decreased by 73.98% to -¥368,839.06, mainly due to reduced exchange gains[16] - Investment income dropped by 100% to ¥0 as no financial products were purchased during the reporting period[16] - Other current liabilities surged by 9,854.42% to ¥525,593.29 due to increased accrued sales commissions[15] - The company reported a significant decrease in investment properties by 88.29% to ¥7,154,966.29, as these were transferred back to fixed assets and intangible assets[15] Legal Matters - The company is currently involved in a lawsuit related to a fire incident, with no specific claim amount disclosed yet[19] - The company has not engaged in any entrusted wealth management activities during the reporting period[26] Research and Development - Research and development expenses were CNY 2,203,679.82, consistent with CNY 2,201,568.51 in the same quarter last year[41] - Research and development expenses rose to ¥6,168,016.16, an increase of 11.4% from ¥5,536,783.13 year-over-year[48]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥91,183,217.66, representing a 2.07% increase compared to ¥89,331,217.16 in the same period last year[18]. - The net profit attributable to shareholders decreased by 14.73% to ¥10,575,583.09 from ¥12,402,098.55 year-on-year[18]. - The net cash flow from operating activities surged by 767.61% to ¥16,520,011.09, compared to ¥1,904,072.01 in the previous year[18]. - Total assets increased by 3.07% to ¥498,409,332.63 from ¥483,553,484.74 at the end of the previous year[18]. - The net assets attributable to shareholders rose by 1.38% to ¥439,498,900.92 from ¥433,521,123.37 at the end of the previous year[18]. - The company achieved a total revenue of ¥91,183,217.66 in the first half of 2019, representing a year-on-year increase of 2.07% compared to ¥89,331,217.16 in the same period last year[41]. - The net profit for the first half of 2019 was ¥10,575,583.09, a decrease of 14.73% from ¥12,402,098.55 in the previous year, primarily due to increased competition leading to price reductions for certain customers and products[41]. - The operating cash flow for the reporting period was ¥16,520,011.09, a significant increase of 767.61% compared to ¥1,904,072.01 in the same period last year[41]. - Revenue from circuit protection components was ¥85,588,820.29, accounting for 93.86% of total revenue, with a year-on-year growth of 2.44%[49]. - Domestic revenue increased by 5.74% to ¥74,550,268.49, which is 81.76% of total revenue, while export revenue decreased by 11.66% to ¥16,632,949.17, representing 18.24% of total revenue[47]. - The gross profit margin for circuit protection components was 38.07%, a decrease of 1.08% compared to the previous year[49]. Investments and Assets - The company's fixed assets increased by 26.02% to 205.68 million yuan compared to the end of the previous year, primarily due to the reclassification of investment properties[28]. - Intangible assets rose by 57.31% to 13.56 million yuan, mainly from the reclassification of investment properties[28]. - Construction in progress increased by 59.08% to 2.28 million yuan, attributed to increased investment in self-made equipment[28]. - Prepayments surged by 207.44% to 3.03 million yuan, mainly due to increased advance payments to suppliers and testing fees[28]. - The company’s cash and cash equivalents increased to ¥109,126,563.90, representing 21.89% of total assets, up from 15.72% in the previous year[52]. - Inventory decreased to ¥35,218,387.00, accounting for 7.07% of total assets, down from 9.49% in the previous year[52]. - The company made investments totaling ¥40,000,000.00 during the reporting period, a significant increase of 90.48% compared to the previous year[58]. - The company's total current assets decreased to RMB 226,632,709.43 from RMB 245,906,408.24, reflecting a decline of about 7.8%[139]. - The company's total liabilities increased to RMB 58,910,431.71 from RMB 50,032,361.37, which is an increase of approximately 17.6%[141]. Research and Development - The company has established a comprehensive R&D team to drive technological innovation and product improvement[27]. - Research and development expenses rose by 18.86% to ¥3,964,336.34 from ¥3,335,214.62, reflecting the company's commitment to future market positioning[45]. - The company has a total of 39 patents, covering various aspects of fuse production technology[33]. - The product line includes 184 series and over 5,700 specifications, making it one of the most comprehensive suppliers in the domestic market for overcurrent and overtemperature protection components[33]. Market Strategy and Customer Relations - The company continues to focus on the research, production, and sales of circuit protection components, including fuses and self-resetting fuses[25]. - The company has established long-term and stable partnerships with numerous well-known domestic and international downstream customers[25]. - The company’s products are primarily positioned in the mid-to-high-end market, serving major international brand enterprises[25]. - The company maintains a sales model that combines direct sales, professional distributors, and small to medium-sized traders[25]. - The company is actively optimizing its product structure and expanding its customer base to ensure long-term healthy development amid tight production capacity[38]. - The company plans to enhance its brand presence and market promotion efforts to strengthen its competitive advantage in the industry[38]. Risks and Challenges - The company anticipates that macroeconomic fluctuations may negatively impact market demand for its products, affecting revenue growth[70]. - The company faces risks related to product quality, which could impact brand reputation and lead to significant compensation costs if major quality issues arise[71]. - The company is exposed to raw material price volatility, particularly for copper and tin, which could affect production costs and profit margins[72]. Corporate Governance and Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares[6]. - The total number of ordinary shareholders at the end of the reporting period is 5,700[124]. - The largest shareholder, Haolilai Holdings Limited, holds 28,350,040 shares, representing 42.52% of total shares[125]. - The second largest shareholder, Xusheng Asia Investment Limited, holds 17,278,900 shares, representing 25.91% of total shares[125]. - The company has not experienced any changes in its controlling shareholder during the reporting period[126]. - There are no preferred shares issued by the company during the reporting period[128]. - The company has not conducted any repurchase transactions during the reporting period[125]. Legal and Compliance - There were no significant litigation or arbitration matters during the reporting period[81]. - The company did not engage in any major related party transactions during the reporting period[84]. - The company has no major environmental protection issues and is not listed as a key pollutant discharge unit by environmental authorities[107]. - The company has not reported any violations regarding external guarantees during the reporting period[104]. Financial Reporting and Accounting Policies - The financial report for the first half of 2019 was not audited, indicating a potential area of concern for investors[136]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts regarding its ability to continue operations[179]. - The company follows specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[180]. - The company’s financial reports comply with the requirements of the enterprise accounting standards, reflecting its financial status and operating results accurately[181].

Financial Performance - The company's revenue for Q1 2019 was CNY 45,913,365.99, representing an increase of 18.56% compared to CNY 38,726,715.89 in the same period last year[8] - Net profit attributable to shareholders was CNY 4,905,807.97, up 15.42% from CNY 4,250,309.72 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 4,551,406.07, reflecting a growth of 23.29% compared to CNY 3,691,658.19 in the previous year[8] - Basic earnings per share increased to CNY 0.07, up 16.67% from CNY 0.06 in the previous year[8] - Total operating revenue for Q1 2019 was CNY 45,913,365.99, an increase of 18.4% compared to CNY 38,726,715.89 in the same period last year[43] - Net profit for Q1 2019 reached CNY 4,905,807.97, representing a 15.4% increase from CNY 4,250,309.72 in Q1 2018[45] - The company reported a total comprehensive income of CNY 4,507,372.34 for Q1 2019, compared to CNY 3,441,978.75 in Q1 2018[46] - The company reported a total comprehensive income of -1,429,535.03 CNY for the first quarter, compared to 3,092,671.45 CNY in the same period last year[50] Cash Flow - The net cash flow from operating activities was CNY 12,508,691.13, a significant improvement from a negative CNY 6,283,932.62 in the same period last year, marking a change of -299.06%[8] - Cash flow from operating activities generated a net inflow of 12,508,691.13 CNY, a recovery from a net outflow of -6,283,932.62 CNY in the previous year[53] - The cash outflow from operating activities totaled 33,194,332.80 CNY, down from 42,188,300.48 CNY in the previous year[53] - Net cash flow from investing activities decreased by 97.04% to CNY -295,238.00 as no financial products were purchased during the period[15] - The cash flow from financing activities generated a net inflow of 9,754,225.01 CNY, reflecting improved financing conditions[54] - The net cash flow from financing activities amounted to ¥9,879,287.50, indicating a positive cash flow situation[58] - The total cash and cash equivalents at the end of the period reached ¥66,406,916.43, an increase from ¥58,838,674.59 at the beginning of the period[58] - The net increase in cash and cash equivalents for the quarter was ¥7,568,241.84, compared to a decrease of ¥14,865,451.18 in the same period last year[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 496,839,883.52, an increase of 2.75% from CNY 483,553,484.74 at the end of the previous year[8] - The total assets of the company as of Q1 2019 were CNY 421,303,867.13, compared to CNY 412,403,494.88 in the same period last year[42] - The total liabilities of the company as of March 31, 2019, were CNY 58,370,604.51, compared to CNY 50,032,361.37 at the end of 2018, marking an increase of around 16.73%[36] - The company's total liabilities as of Q1 2019 amounted to CNY 29,386,071.46, compared to CNY 19,056,164.18 in the previous year[42] - The company's total equity rose to CNY 438,469,279.01 from CNY 433,521,123.37, showing a slight increase of about 1.09%[37] - The total equity of the company was CNY 391,917,795.67 in Q1 2019, slightly down from CNY 393,347,330.70 in the same period last year[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,575[11] - The top two shareholders, Haolilai Holdings Limited and Xusheng Asia Investment Limited, hold 42.52% and 25.91% of the shares, respectively[11] Operational Metrics - Total operating costs for Q1 2019 were CNY 40,324,202.13, up 18.2% from CNY 34,126,688.68 in Q1 2018[43] - Research and development expenses for Q1 2019 were CNY 1,855,376.95, an increase from CNY 1,583,651.95 in Q1 2018[43] Other Financial Information - The company reported non-recurring gains of CNY 354,401.90 during the period, primarily from government subsidies and asset disposals[9] - The company did not undergo an audit for the first quarter report[59] - There were no adjustments made to the financial statements due to the first-time implementation of new financial instrument standards, revenue standards, or lease standards[59]

Financial Performance - The company's operating revenue for 2018 was ¥176,859,629.18, representing a 4.30% increase compared to ¥169,572,009.32 in 2017[16] - The net profit attributable to shareholders for 2018 was ¥20,626,502.13, a decrease of 9.44% from ¥22,775,614.30 in 2017[16] - The net profit after deducting non-recurring gains and losses was ¥17,929,144.91, down 11.92% from ¥20,356,597.98 in 2017[16] - The basic earnings per share for 2018 was ¥0.31, a decline of 8.82% from ¥0.34 in 2017[16] - The total assets at the end of 2018 amounted to ¥483,553,484.74, reflecting a 6.76% increase from ¥452,934,585.78 at the end of 2017[16] - The net cash flow from operating activities for 2018 was ¥21,974,319.67, which is a 2.87% increase compared to ¥21,362,100.12 in 2017[16] - The weighted average return on equity for 2018 was 4.85%, down from 5.55% in 2017[16] - The total revenue for the year 2018 was reported at 7,000 million, with a return rate of 29.61%[160] Revenue Breakdown - The revenue from circuit protection components was ¥165,806,385.23, accounting for 93.75% of total revenue, with a year-on-year increase of 2.59%[61] - Domestic sales reached ¥137,647,402.05, representing 77.83% of total revenue, with a significant increase of 19.39% compared to the previous year[61] - Export revenue decreased by 27.76% to ¥39,212,227.13, which accounted for 22.17% of total revenue[61] Investment and Assets - The company's fixed assets at the end of the reporting period amounted to 163.21 million, a decrease of 8.82% compared to the previous year, primarily due to the leasing of some factory buildings[27] - The company's monetary funds at the end of the reporting period increased by 36.25% to 94.99 million, mainly due to reduced purchases of financial products and increased bank borrowings[27] - The company's accounts receivable notes increased by 53.87% to 26.21 million, attributed to an increase in revenue leading to more notes received from customers[27] - The company's other receivables surged by 1947.09% to 40.51 million, primarily due to the transfer of prepaid investment intention funds[27] Market Position and Strategy - The company remains a leading player in the circuit protection component industry in China, with a comprehensive product line and the largest sales scale globally[24] - The company is actively expanding into the overvoltage protection field while continuing to innovate in its existing product lines[24] - The company aims to strengthen its market leadership in fuse products through technological innovation and market development, targeting new fields such as overvoltage protection and clean energy applications[93] - The company plans to enhance automation processes and improve production efficiency to address rising labor costs and ensure product reliability and durability[94] Research and Development - Research and development expenses amounted to 8,230,759.69 CNY, representing 4.65% of total revenue, an increase of 8.37% compared to 2017[72] - The company has obtained 39 patents related to fuse production, covering various aspects such as solder materials and structural designs, enhancing its product development capabilities[36] - The company is committed to increasing R&D investment and collaborating with equipment manufacturers and suppliers to optimize development efficiency and reduce costs[99] Corporate Governance and Compliance - The actual controller and shareholders of the company have fulfilled their commitments during the reporting period, with no outstanding commitments as of the end of the reporting period[121] - The company has a long-term commitment to ensure that it will not engage in any related transactions that may lead to conflicts of interest[121] - The company emphasizes the importance of compliance with securities laws and regulations in its operations[124] - The company has maintained a normal execution status for all commitments made, ensuring compliance with regulatory requirements[121] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,877, an increase from 7,575 at the end of the previous month[185] - The largest shareholder, Haolilai Holdings Limited, holds 42.52% of the shares, totaling 28,350,040 shares, with a decrease of 635,700 shares during the reporting period[185] - The second largest shareholder, Xusheng Asia Investment Limited, holds 25.91% of the shares, totaling 17,278,900 shares, with a decrease of 31,100 shares during the reporting period[185] Operational Challenges - The company faces market risks due to macroeconomic fluctuations that could impact demand for downstream products, potentially affecting revenue growth[105] - The company is exposed to raw material price volatility, particularly for copper and tin, which could affect production costs and profit margins if not managed effectively[108] - After relocating to a new facility, the company anticipates increased operational costs but aims to improve performance through enhanced R&D and market expansion efforts[109] Social Responsibility - The company has a commitment to social responsibility, actively protecting the environment while creating value for shareholders[163] - The company adheres to labor laws and regulations, ensuring equal opportunities and improving employee working conditions[163]