深圳市雄韬电源科技股份有限公司 2022 年第一季度报告全文 证券代码：002733 证券简称：雄韬股份 公告编号：2022-020 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 深圳市雄韬电源科技股份有限公司 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。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 723,780,175.36 | 603,710,284.28 | 19.89% | | 归属于上市公司股东的净利润（元） | 11,712,788.00 | 4, ...

Financial Performance - The company's revenue for Q3 2021 was ¥835,442,475.39, representing a 15.90% increase year-over-year, while the year-to-date revenue reached ¥2,288,519,198.79, up 28.83% compared to the same period last year[3] - The net profit attributable to shareholders was -¥30,963,796.31, a decrease of 229.27% year-over-year, with a year-to-date net profit of -¥5,693,843.74, down 110.27%[3] - The basic and diluted earnings per share were both -¥0.08, reflecting a decline of 221.12% compared to the same period last year[3] - Total operating revenue for the current period reached ¥2,288,519,198.79, a 28.8% increase from ¥1,776,356,004.45 in the previous period[19] - The net profit for the current period was a loss of ¥12,848,318.02, contrasting with a profit of ¥50,870,741.18 in the same period last year[20] - The company reported a total comprehensive loss of ¥14,685,483.66, compared to a comprehensive income of ¥29,834,827.70 in the prior year[21] - Basic and diluted earnings per share were both reported at -¥0.01, down from ¥0.16 in the previous period[21] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5,678,009,747.52, an increase of 8.96% from the previous year[4] - Current assets total CNY 3,847,762,068.51, compared to CNY 3,548,553,006.95 at the end of 2020, reflecting a growth of approximately 8.44%[15] - Total liabilities are reported at CNY 2,683,461,891.23, up from CNY 2,163,668,103.01, indicating a significant increase in leverage[16] - The total equity attributable to shareholders decreased by 1.57% to ¥2,871,229,396.05 compared to the end of the previous year[4] - The company has reported a short-term loan of CNY 886,544,999.99, an increase from CNY 800,966,148.12, indicating a rise in short-term financing needs[16] - Total liabilities increased from CNY 2,163,668,103.01 to CNY 2,199,105,976.55, reflecting a total adjustment of CNY 35,437,873.54[28] Cash Flow - Cash flow from operating activities showed a negative net amount of -¥73,372,719.73 year-to-date, indicating a decline of 196.90%[3] - The net cash flow from operating activities was negative at ¥73,372,719.73, compared to a positive cash flow of ¥75,720,806.18 in the previous period[24] - Cash and cash equivalents at the end of the period totaled ¥1,019,435,692.42, down from ¥1,333,230,018.09 at the end of the previous period[24] - Investment activities resulted in a net cash outflow of ¥509,345,363.27, compared to a net outflow of ¥261,362,093.98 last year[24] - Financing activities generated a net cash inflow of ¥165,139,341.52, a decrease from ¥769,183,425.11 in the previous period[24] Research and Development - Research and development expenses increased by 58.14% to ¥67,324,134.98, primarily due to increased investment in the hydrogen energy sector[9] - Research and development expenses increased to ¥67,324,134.98, representing a 58.5% rise compared to ¥42,573,369.20 last year[19] Inventory and Assets Management - The company reported a significant increase in inventory, which rose by 42.00% to ¥712,940,139.53, attributed to capacity expansion in the lithium battery sector and increased stock in the hydrogen energy segment[8] - Inventory has increased to CNY 712,940,139.53 from CNY 502,079,625.81, representing a growth of approximately 41.93%[15] - The company has a total of 1,830,247,679.01 in non-current assets, up from 1,662,358,952.31, showing a growth of approximately 10.00%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,313[11] - Shenzhen Sanrui Technology Development Co., Ltd. holds 32.30% of shares, totaling 124,108,239 shares, with 12,500,000 shares pledged[11] Accounting and Standards - The company has not undergone an audit for the third quarter report[29] - The company adopted a new leasing standard starting in 2021, which required adjustments to the financial statements[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,453,076,723.40, representing a 37.67% increase compared to ¥1,055,494,790.21 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 19.74% to ¥25,269,952.57 from ¥31,486,371.88 year-on-year[21]. - The net cash flow from operating activities improved significantly, reaching ¥17,948,336.23, a 178.88% increase from a negative cash flow of ¥22,754,306.42 in the previous year[21]. - The total assets of the company increased by 4.06% to ¥5,422,331,259.33 compared to ¥5,210,911,959.26 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 0.70% to ¥2,896,490,281.51 from ¥2,916,925,990.76 at the end of the previous year[21]. - Basic earnings per share decreased by 22.22% to ¥0.070 from ¥0.090 in the same period last year[21]. - The diluted earnings per share also decreased by 22.22% to ¥0.070 from ¥0.090 year-on-year[21]. - The weighted average return on net assets fell to 0.80%, down from 1.33% in the previous year[21]. - The company's revenue for the reporting period reached ¥1,453,076,723.40, representing a 37.67% increase compared to ¥1,055,494,790.21 in the same period last year, primarily due to normal operations without pandemic impact[42]. - Total revenue for the first half of 2021 reached ¥1,453,076,723.40, representing a year-on-year increase of 37.67% compared to ¥1,055,494,790.21 in the same period last year[44]. - Lithium-ion battery revenue surged by 91.16% to ¥386,472,205.54, up from ¥202,176,381.94 in the previous year, accounting for 26.60% of total revenue[44]. - The gross profit margin for UPS power supply batteries improved to 18.99%, reflecting an increase of 1.08% from the previous year[45]. - Revenue from the European market increased by 46.58% to ¥353,597,298.41, compared to ¥241,234,472.93 in the same period last year[46]. - The company's total investment during the reporting period was RMB 137 million, representing a 5.38% increase compared to RMB 130 million in the same period last year[54]. Research and Development - Research and development investment increased by 76.36% to ¥49,879,056.51, mainly due to enhanced R&D efforts in the hydrogen energy sector[42]. - The company has invested in R&D for low platinum load catalysts and aluminum hydrogen technologies, achieving significant progress in these areas[33]. - The company has developed the REVO series using self-developed high-rate LFP battery cells, supporting a maximum discharge of 30C and a cycle life exceeding 4000 times, with a lifespan of up to 20 years[36]. - The company is focusing on developing new battery technologies, including fuel cells and silicon-based batteries, to become a world-class green energy solution provider[36]. - The company reported R&D expenses of CNY 42,957,827.40 for the first half of 2021, which is an increase of 51.7% compared to CNY 28,293,222.39 in the same period last year[158]. Market and Industry Trends - The lithium battery segment has become the main profit growth point, with most revenue coming from newly developed customers, while the lead-acid battery business remains the largest revenue source[33]. - The domestic demand for 5G base station backup batteries is expected to exceed 50 GWh over the next five years, driven by significant investments in 5G infrastructure[31]. - The IDC market in China is projected to reach nearly CNY 400 billion by 2022, with an annual growth rate exceeding 30%[32]. - The company aims to expand its lithium battery business while maintaining its lead-acid battery segment, focusing on product and customer resource development[33]. - The company has established a strong market position through technological and management innovations, recognized as a national high-tech enterprise and awarded multiple honors[35]. Risk Management - The company has detailed the major risks it faces and corresponding countermeasures in the report[5]. - The company has a dedicated risk control department to monitor and manage various risks associated with its operations[56]. - The company faces risks related to environmental protection and employee health, emphasizing the importance of maintaining effective operational and safety management systems[63]. - Currency exchange risks are present due to the company's significant overseas sales, with measures in place to mitigate potential losses from RMB appreciation[64]. - Management risks are heightened due to the company's rapid expansion and new business ventures, necessitating improvements in management efficiency and talent acquisition[69]. Environmental Management - The company has established 22 sets of waste gas treatment facilities and 1 set of wastewater treatment facilities at its Shenzhen base, with no pollutant emissions from the lead-acid battery business after relocation to Hubei and Vietnam[84]. - The average concentration of lead emissions from Hubei base is 0.05 mg/m³, which complies with the GB 30484-2013 standard[83]. - The total lead discharge from the Hubei base is 0.0711 tons per year, meeting the permitted discharge requirements[83]. - The company has obtained environmental impact assessment approvals and permits for its projects in Hubei and Vietnam, ensuring compliance with environmental regulations[85]. - The company emphasizes environmental management and has established an environmental theme bar to promote awareness and volunteer activities[84]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has initiated a share repurchase plan with a total amount between RMB 30 million and RMB 60 million, with a maximum repurchase price of RMB 13 per share[75]. - The company completed the repurchase and cancellation of 660,492 shares from the 2019 restricted stock incentive plan, representing 0.1712% of the total share capital, at a repurchase price of RMB 9.98 per share[80]. - The company has committed to strict adherence to stock lock-up commitments for 36 months post-IPO, prohibiting the transfer or management of shares[91]. - The company will not transfer shares held by major shareholders for 12 months post-IPO, and thereafter, transfers will be limited to 25% of their total holdings annually[96]. Financial Position - The company's total assets as of June 30, 2021, amounted to CNY 5,422,331,259.33, an increase from CNY 5,210,911,959.26 at the end of 2020, representing a growth of approximately 4.06%[150]. - The company's current assets totaled CNY 3,613,331,865.47, compared to CNY 3,548,553,006.95 at the end of 2020, indicating an increase of about 1.83%[151]. - Cash and cash equivalents decreased to CNY 1,375,678,355.76 from CNY 1,783,072,701.14, reflecting a decline of approximately 22.78%[150]. - Short-term borrowings rose to CNY 1,002,274,084.34, up from CNY 800,966,148.12, marking an increase of around 24.99%[151]. - The total liabilities increased to CNY 2,291,455,763.23 as of June 30, 2021, compared to CNY 1,824,271,170.25 at the end of 2020, reflecting a growth of 25.7%[157].

Financial Performance - The company's revenue for Q1 2021 was ¥603,710,284.28, representing a 40.51% increase compared to ¥429,669,777.24 in the same period last year[8]. - The net profit attributable to shareholders decreased by 85.18% to ¥4,110,947.16 from ¥27,736,360.11 year-on-year[8]. - Basic and diluted earnings per share dropped by 87.50% to ¥0.01 from ¥0.08 in the same period last year[8]. - Net profit for the period was CNY 557,676.11, a drastic decrease of 98% from CNY 26,009,626.02, primarily due to reduced investment income[15]. - The company reported a total comprehensive income attributable to the parent company was ¥4,200,783.47, compared to ¥36,007,704.62 in the same period last year, reflecting a decrease of 88.3%[74]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥-2,892,997.79, a decline of 237.06% compared to ¥2,110,721.07 in the previous year[8]. - Cash received from sales and services was CNY 732,822,646.93, a 32% increase from CNY 556,349,572.59, driven by higher revenue[15]. - Cash inflow from financing activities totaled CNY 566,892,755.44, a 69% increase from CNY 335,288,845.38, mainly due to increased borrowings[15]. - The total cash and cash equivalents at the end of the period were ¥1,241,157,098.90, down from ¥851,508,630.60, representing a decrease of 45.8%[79]. - The company's cash flow from operating activities showed a significant increase, with cash inflows of CNY 255,968,279.86 compared to CNY 86,618,925.76 in the previous period, marking a growth of approximately 195%[80]. Assets and Liabilities - Total assets at the end of the reporting period increased by 1.63% to ¥5,295,850,618.58 from ¥5,210,911,959.26 at the end of the previous year[8]. - The total liabilities as of March 31, 2021, are approximately 2.25 billion CNY, compared to 2.16 billion CNY at the end of 2020[62]. - The company's total liabilities increased to CNY 2,163,668,103.01 from CNY 2,220,564,679.11, showing a decrease of approximately 2.57%[86]. - The company's total equity attributable to shareholders of the parent company was CNY 2,266,145,891.21 as of March 31, 2021, down from CNY 2,278,024,548.96 at the end of 2020[66]. Shareholder Information and Commitments - The total number of ordinary shareholders at the end of the reporting period was 38,921[11]. - The largest shareholder, Shenzhen Sanrui Technology Development Co., Ltd., held 32.22% of the shares, amounting to 124,108,239 shares[11]. - The company reported a commitment to strictly adhere to the stock lock-up period of 36 months following the initial public offering, ensuring no transfer or delegation of shares during this time[22]. - The company will not transfer more than 10% of its total shares within 6 months after the lock-up period ends, and no more than 20% within 12 months[26]. - The company has committed to maintaining transparency and will disclose any unfulfilled commitments to shareholders and the public[27]. Research and Development - Research and development expenses reached CNY 22,273,324.41, a significant increase of 98.04% from CNY 11,247,120.94, attributed to increased investment in the hydrogen energy sector[15]. - The company has significantly increased its R&D expenses for hydrogen fuel cells and lithium batteries, impacting short-term performance but laying a solid foundation for future product iterations[50]. - Research and development expenses for Q1 2021 were CNY 22,273,324.41, an increase from CNY 11,247,120.94 in the previous period[69]. Market Outlook and Strategy - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25%[45]. - New product launches are expected to contribute an additional 10% to overall revenue in the upcoming quarter[46]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2022[47]. - The management team remains confident in the company's long-term growth strategy and commitment to social responsibility[47]. - The company is exploring potential mergers and acquisitions to strengthen its market position[49].

Financial Performance - The company reported a total revenue of RMB 384,214,913 for the year 2020, with a cash dividend distribution of RMB 1 per 10 shares to all shareholders[5]. - The company's operating revenue for 2020 was ¥2,546,623,812.71, a decrease of 13.14% compared to ¥2,931,820,343.81 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥76,264,092.51, down 55.47% from ¥171,268,584.15 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥985,755.97, a decline of 93.44% from ¥15,029,358.01 in 2019[18]. - The net cash flow from operating activities was ¥138,052,965.59, a decrease of 44.58% compared to ¥249,125,130.76 in 2019[18]. - The total assets at the end of 2020 were ¥5,210,911,959.26, an increase of 17.86% from ¥4,421,283,914.00 at the end of 2019[18]. - The company's net assets attributable to shareholders increased by 24.31% to ¥2,916,925,990.76 from ¥2,346,518,169.36 in 2019[19]. - The company achieved operating revenue of 254,662.38 million yuan, a year-on-year decrease of 13.14%[43]. - The net profit attributable to the parent company was 7,626.41 million yuan, down 55.47% year-on-year[43]. - Total assets reached 521,091.20 million yuan, an increase of 17.86% compared to the beginning of the period[43]. Market Opportunities and Strategic Focus - The company is focusing on the development of new energy storage and power battery technologies, particularly in the context of the growing 5G infrastructure[28]. - The demand for backup batteries for 5G base stations in China is expected to exceed 50GWh over the next five years, indicating a significant market opportunity[29]. - The global data center industry has maintained an average annual growth rate of over 18%, with China's IDC industry leading at over 30%[30]. - By 2022, the total scale of China's IDC market is expected to approach 400 billion yuan[30]. - The company plans to expand its lithium battery business while stabilizing its existing lead-acid battery segment, focusing on new customer acquisition[31]. - The company aims to transition from a single battery manufacturer to a leading green battery energy solution provider, focusing on lithium battery and hydrogen fuel cell markets[103]. Research and Development - The company has a core team of over 100 technical talents in fuel cell research and development, with significant experience in proton membrane fuel cell technology[39]. - The company has developed a smart BMS system that integrates an intelligent cloud platform, promoting predictive maintenance management[36]. - The company has established four standard laboratories and invested in seven industry chain enterprises and five research institutions in the hydrogen fuel cell sector, aiming to develop multiple hydrogen fuel cell vehicles[90]. - The company has been developing hydrogen fuel cell stack and engine technology since 2017 and is now ready for mass production, which will significantly enhance production capacity and reduce costs[96]. Investment and Financing - The company raised 639,620,850.64 yuan through a private placement of shares, aimed at enhancing liquidity and optimizing the capital structure[44]. - The company raised approximately $1.91 billion through financing activities in 2020, a 45.29% increase compared to $1.31 billion in 2019[66]. - The company plans to use the raised funds primarily for project construction, which is expected to improve future profitability and operational performance[186]. - The asset-liability ratio of the company has decreased, indicating improved financial risk resistance after the non-public offering[186]. - The funds raised from the private placement will primarily be used for project construction, which is expected to improve future profitability and operational performance once the projects are completed[192]. Environmental and Social Responsibility - The company has established a 100% wastewater recycling system and aims for 100% product recycling, contributing to environmental sustainability[165]. - The company has implemented health and safety measures, including free annual health checks for all employees[164]. - The company emphasizes environmental protection and has established a volunteer program to promote environmental awareness in the community[168]. - The company has purchased environmental pollution liability insurance to mitigate environmental risks and protect third-party interests[168]. Risks and Challenges - The company has outlined major risks and corresponding countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[5]. - The company faces risks related to foreign exchange fluctuations, particularly with a high proportion of overseas sales, which could impact revenue if the RMB appreciates[107]. - The company has observed that major players like CATL and BYD are dominating the market, with a concentration of market share among leading firms[89]. - The company has faced challenges in achieving economic benefits in 2020 due to the impact of the COVID-19 pandemic[89]. Corporate Governance and Shareholder Relations - The company held 8 shareholder meetings, 13 board meetings, and 10 supervisory meetings during the reporting period, ensuring governance and transparency[163]. - The company has a commitment to talent development and management, focusing on building a talent pipeline and improving compensation and incentive mechanisms[109]. - The company will strictly adhere to the stock lock-up commitment disclosed in the IPO prospectus, not transferring or entrusting others to manage its shares for 36 months from the listing date[120]. - The company will announce any share reductions three trading days in advance and comply with disclosure obligations[121].

Financial Performance - Operating revenue decreased by 10.08% to CNY 720,861,214.24 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 65.95% to CNY 23,952,712.43 compared to the same period last year[8] - Basic earnings per share decreased by 65.00% to CNY 0.07 compared to the same period last year[8] - The company reported a total revenue of RMB 1.5 billion for Q3 2020, representing a year-over-year increase of 15%[23] - The company reported a net profit for Q3 2020 of CNY 20,677,549.67, down 69.7% from CNY 68,217,845.65 in Q3 2019[54] - The company reported a significant increase in sales expenses, which rose to CNY 48,994,721.37 from CNY 28,655,062.72, marking a 70.9% increase[54] - The company reported a total comprehensive income of ¥29,834,827.70, down from ¥173,857,315.16, indicating a decline of approximately 82.8% year-over-year[63] Assets and Liabilities - Total assets increased by 17.70% to CNY 5,204,057,643.05 compared to the end of the previous year[8] - Current liabilities totaled CNY 2,081,062,683.02, compared to CNY 1,858,680,251.52, reflecting an increase of approximately 11.9%[45] - Total liabilities increased to CNY 2,132,235,599.13 from CNY 1,917,406,587.46, which is an increase of about 11.2%[45] - The total current assets reached approximately 3.67 billion RMB, up from 2.85 billion RMB at the end of 2019, indicating improved liquidity[43] - The total amount of accounts receivable was CNY 703,531,921.55, which is critical for assessing cash flow and liquidity[81] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,058[12] - The largest shareholder, Shenzhen Sanrui Technology Development Co., Ltd., holds 31.26% of the shares[12] - The company reported a total equity of CNY 1,696,948,034.38 as of Q3 2020[83] Cash Flow - Net cash flow from operating activities decreased by 167.18% to CNY 98,475,112.60 compared to the same period last year[8] - The net cash flow from operating activities for Q3 2020 was ¥75,720,806.18, a decrease of 70.6% compared to ¥257,496,810.54 in Q3 2019[70] - Cash inflow from financing activities totaled ¥1,687,938,665.18, an increase of 55.5% from ¥1,086,859,459.31 in Q3 2019[71] Investments and R&D - The company invested ¥1,700 million in Wuhan University of Technology Hydrogen Power Technology Co., reducing its ownership from 57% to 50.07%[17] - Research and development efforts have led to the introduction of two new battery technologies, expected to enhance efficiency by 25%[23] - The hydrogen fuel cell business has seen exponential growth in the first three quarters, with significant orders expected to be delivered in Q4 to boost annual sales[33] Future Outlook - The company expects a revenue growth forecast of 10% for the next quarter, driven by new product launches and market expansion strategies[23] - Future guidance includes a focus on sustainability initiatives, aiming for a 40% reduction in carbon emissions by 2025[23] - The estimated cumulative net profit for the year is projected to be between 80 million and 120 million RMB, representing a decrease of 53.29% to 29.93% compared to the previous year's profit of approximately 171.27 million RMB[33] Compliance and Governance - The company will disclose any share reduction plans three trading days in advance and adhere to relevant regulations for information disclosure[25] - The company has committed to compensating investors for any losses incurred due to non-compliance with share reduction commitments[25] - The company emphasizes its commitment to social responsibility and aims to improve operational performance steadily[27]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,055,494,790.21, a decrease of 22.39% compared to ¥1,360,080,434.61 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥31,486,371.88, down 62.35% from ¥83,629,153.83 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was -¥9,563,625.76, a decline of 141.83% compared to ¥22,861,192.37 in the same period last year[19]. - The net cash flow from operating activities was -¥22,754,306.42, a decrease of 120.51% from ¥110,921,841.90 in the previous year[19]. - Basic earnings per share were ¥0.09, down 62.50% from ¥0.24 in the same period last year[19]. - The company achieved a revenue of 1,055.49 million CNY, a year-on-year decrease of 22.39%[43]. - The net profit attributable to shareholders was 31.49 million CNY, down 62.35% year-on-year[43]. - The company reported a total comprehensive income of CNY 43,539,275.12 for the first half of 2020, down from CNY 86,577,114.15 in the first half of 2019[177]. - The estimated cumulative net profit for the year is projected to be between 40 million and 60 million CNY, representing a decline of 74.02% to 61.03% compared to the same period last year, which was 153.98 million CNY[85]. - The company reported a total revenue of 2,337 million yuan for the first half of 2020, a decrease of 55.54% compared to the previous period[191]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,462,910,204.02, an increase of 0.94% from ¥4,421,283,914.00 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥2,337,894,608.32, a decrease of 0.37% from ¥2,346,518,169.36 at the end of the previous year[19]. - The company's total liabilities rose to CNY 2,000,709,780.92 from CNY 1,917,406,587.46, indicating an increase of about 4.83%[168]. - The company's total equity decreased to CNY 1,637,018,575.88 in the first half of 2020 from CNY 1,696,948,034.38 in the same period of 2019, a decline of 3.5%[176]. - The company's total assets at the end of the reporting period amount to 2,503,800,000 CNY[197]. Research and Development - The company has completed the R&D and trial production of fuel cell engines ranging from 45 to 120 kW and fuel cell stacks from 38 to 75 kW, achieving domestic leading performance[32]. - Research and development expenses increased by 11.59% to ¥28,282,915.79, reflecting the company's commitment to innovation[48]. - The company plans to continue focusing on research and development to enhance product offerings and market competitiveness[176]. - The company is currently developing new technologies, including the metal bipolar plate fuel cell stack technology, with RMB 10.27 million utilized as of June 30, 2020, representing 80.07% of the total[71]. Market and Product Development - The company is focusing on the development of lithium batteries, which have become the main profit growth point, while still maintaining its lead in lead-acid battery sales[31]. - The company is actively expanding its lithium battery business and aims to convert existing lead-acid battery customers to lithium battery products[31]. - The company anticipates a significant increase in demand for backup batteries for 5G base stations, estimating a need of over 50 GWh in the next five years[29]. - The company is focusing on expanding its hydrogen energy platform and integrating resources across the hydrogen energy industry chain[44]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to drive future growth[176]. Financial Management and Investments - The company plans to raise up to ¥99,500.00 million through a private placement, with the number of shares not exceeding 20% of the total share capital prior to the issuance[44]. - The company has signed a purchase contract for hydrogen energy buses worth ¥22,500,000 with Guangzhou Hydrogen, which has been successfully delivered and is now in use[45]. - The company has allocated RMB 399.70 million from the 1 billion watt-hour power lithium battery project to the Shenzhen Xiongtao Hydrogen Fuel Cell Industrial Park project, with RMB 45.57 million utilized as of June 30, 2020, which is 11.39% of the total[71]. - The company has temporarily used idle raised funds to purchase bank financial products, generating certain investment income[74]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[133]. - The total lead emissions from the Hubei facility were reported at 0.0711 tons per annum, complying with discharge standards[133]. - The company has received environmental impact assessment approvals for its projects in Hubei and Vietnam, ensuring compliance with local regulations[136]. - The company has implemented measures to reduce carbon emissions, including converting heating methods from oil to natural gas and replacing diesel forklifts with electric ones[135]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, with no overdue commitments as of the end of the reporting period[98]. - The company has committed to stabilizing its stock price if it falls below the net asset value per share for 20 consecutive trading days within three years post-IPO[103]. - The company will disclose reasons for not implementing stock price stabilization measures at the shareholders' meeting and apologize to shareholders and public investors[104].

Dividend Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares to all shareholders, based on a total of 350,113,207 shares[5]. - The company distributed a cash dividend of RMB 1.5 per 10 shares for the 2018 fiscal year, totaling RMB 52,516,981.05, which was implemented on May 24, 2019[121]. - In 2019, the company proposed a cash dividend of RMB 2.5 per 10 shares, amounting to RMB 87,528,301.75, representing 83.06% of the total distributable profit[126]. - The cash dividend for 2018 accounted for 74.31% of the net profit attributable to ordinary shareholders, while the 2019 dividend represents 51.11%[125]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends distributed in 2017, 2018, and 2019[125]. Financial Performance - The company's operating revenue for 2019 was CNY 2,931,820,343.81, a decrease of 0.82% compared to 2018[18]. - Net profit attributable to shareholders increased by 81.77% to CNY 171,268,584.15 in 2019[18]. - The net profit after deducting non-recurring gains and losses was CNY 15,029,358.01, down 65.71% from the previous year[18]. - The company's total assets increased by 5.35% to CNY 4,421,283,914.00 by the end of 2019[18]. - Basic earnings per share rose by 81.48% to CNY 0.49 in 2019[18]. Business Operations and Strategy - The company has not undergone any changes in its main business since its listing, indicating stability in its operational focus[17]. - The company operates multiple subsidiaries, including those focused on lithium batteries and fuel cells, indicating a diversified business model[10]. - The company is focusing on the development of lithium batteries, which have become a major profit growth point[30]. - The company plans to guide existing lead-acid battery users towards lithium battery solutions while maintaining its lead-acid business[30]. - The company aims to strengthen its position in the hydrogen energy industry by integrating and expanding resources across the hydrogen energy supply chain[38]. Research and Development - The company has maintained its commitment to research and development, particularly in new technologies and products, although specific figures are not detailed in the provided content[5]. - The company has established a standard laboratory and testing center for hydrogen fuel cells and collaborated with three industry research institutions, participating in multiple R&D projects[31]. - The company has achieved significant milestones in the development of low platinum-loading catalysts and membrane electrodes, with ongoing R&D efforts yielding results[31]. - The company reported a significant increase in R&D expenses, which rose by 58.80% to ¥52,604,283.21, primarily due to increased investment in hydrogen fuel cell research[64]. - The company is actively engaged in the research and development of fuel cells and has established a new subsidiary focused on hydrogen station construction[80]. Market Trends and Growth - The market for power lithium batteries is expected to continue growing due to the promotion of new energy vehicles[29]. - The lithium battery market is expected to continue growing, driven by the increasing demand for electric vehicles and energy storage solutions[105]. - The fuel cell vehicle market is projected to reach 3.5 million units by 2030, accounting for 10% of total electric vehicle sales[106]. - The company’s lithium battery business experienced multiple-fold sales growth compared to 2018, driven by the demand for communication and energy storage batteries[65]. - The company is focusing on integrating and restructuring within the lead-acid battery industry to strengthen its market position amid stricter environmental regulations[104]. Risk Management - The company has outlined major risks and corresponding mitigation strategies in the report, emphasizing the importance of investor awareness regarding investment risks[5]. - The company faces risks from raw material price volatility, particularly lead and related materials, which could significantly impact profit margins[109]. - The company is expanding its overseas market presence, which exposes it to exchange rate risks, particularly with the appreciation of the RMB against the USD[112]. - The company is committed to improving internal management systems and risk control mechanisms to support its rapid growth and expansion[116]. Corporate Governance and Compliance - The company has reported a commitment to ensure the accuracy and completeness of the financial report, with key personnel affirming its integrity[4]. - The company has improved its information disclosure quality to protect investors' rights and interests[50]. - The company has committed to comply with all regulatory requirements and will accept supervision from regulatory bodies and the public[127]. - The company has outlined specific measures to apologize and compensate investors if it fails to meet its commitments[128]. - The company emphasizes compliance with relevant regulations and commitments made by its directors and senior management regarding share transfers[132]. Environmental Responsibility - The company has invested in environmental protection, achieving 100% wastewater recycling and optimizing product design for 100% recyclability, contributing to national environmental initiatives[176]. - The company has implemented 22 sets of waste gas treatment facilities and 1 set of wastewater treatment facilities at its Shenzhen base, with no pollutant emissions from the lead-acid battery business after relocation[182]. - The company has established an environmental monitoring plan in compliance with national standards, ensuring proper monitoring of pollutant emissions[184]. - The company has conducted soil investigations at its Shenzhen base, confirming it is not a contaminated site, with reports submitted to the national soil environment information platform[182]. - The company has invested in environmental pollution liability insurance to mitigate environmental risks and protect third-party interests[182]. Shareholder Engagement and Management - The company held 13,894,032 shares before the IPO, accounting for 13.6216% of the total shares prior to the public offering[129]. - The company commits to not reducing its holdings by more than 25% of its total shares within 6 months after the lock-up period expires[129]. - The company will announce any share reduction three trading days in advance and fulfill information disclosure obligations[130]. - The company has established a lock-up period for shares held by directors and senior management, restricting transfers for 12 months post-listing[132]. - The company aims to maintain stable and healthy development for the benefit of all shareholders[132].

Financial Performance - The company's revenue for Q1 2020 was ¥429,669,777.24, a decrease of 27.02% compared to ¥588,786,740.59 in the same period last year[8] - Net profit attributable to shareholders was ¥27,736,360.11, an increase of 16.33% from ¥23,842,299.97 year-on-year[8] - Basic earnings per share increased by 14.29% to ¥0.08 from ¥0.07 in the same period last year[8] - The net profit for the first quarter of 2020 was CNY 17,312,389.73, an increase of 38.5% compared to CNY 12,495,590.85 in the same period last year[59] - Operating profit reached CNY 16,918,520.81, up from CNY 11,925,050.47, reflecting a growth of 42.5% year-over-year[59] - The total comprehensive income for the period was CNY 17,312,389.73, compared to CNY 12,495,590.85 in the same period last year, reflecting a growth of 38.5%[60] Cash Flow - The net cash flow from operating activities was ¥2,110,721.07, down 99.03% from ¥217,458,751.65 in the previous year[8] - The company reported a decrease in cash outflows for operating activities, totaling CNY 601,755,612.24, compared to CNY 592,075,009.75 in the previous year[63] - The cash inflow from investment activities was CNY 3,234,685.84, a turnaround from a cash outflow of CNY 213,821,104.30 in the previous year[63] - The company received CNY 10,877,147.01 in tax refunds, which is an increase from CNY 9,046,207.01 in the previous period[62] - Cash inflow from financing activities totaled 254,613,107.38, compared to 100,000,000.00 in the previous period[67] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,313,650,533.51, a decrease of 2.43% from ¥4,421,283,914.00 at the end of the previous year[8] - Total liabilities decreased to CNY 1,771,984,277.44 from CNY 1,917,406,587.46, a reduction of approximately 7.57%[47] - The company's equity increased to CNY 2,541,666,256.07 from CNY 2,503,877,326.54, reflecting a growth of about 1.51%[48] - The company reported a decrease in inventory to CNY 478,108,785.15 from CNY 512,440,734.91, a decline of approximately 6.69%[45] Operating Costs and Expenses - Operating costs for the current period amount to CNY 432,115,877.64, a decrease of 30% from CNY 614,091,821.06 in the previous year, mainly due to the impact of the COVID-19 pandemic leading to a decline in revenue[17] - Research and development expenses increased by 55% to CNY 11,247,120.94 from CNY 7,270,324.44 in the previous year, attributed to increased investment in hydrogen fuel cell research[17] - Financial expenses decreased by 53% to CNY 10,120,282.21 from CNY 21,328,506.42 in the previous year, mainly influenced by fluctuations in the RMB exchange rate[17] Shareholder Actions and Commitments - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[13] - The company plans to raise up to CNY 995 million through a non-public offering of shares, with a maximum issuance not exceeding 20% of the total share capital, aimed at strategic development in the hydrogen fuel cell sector[21] - The company committed to a 36-month lock-up period for shares post-IPO, during which no shares will be transferred or repurchased[27] - The company will announce any share reductions three trading days in advance and comply with disclosure obligations[28] - The company will not exercise voting rights for shares if it does not fulfill its commitments[30] Future Outlook - The net profit for the first half of 2020 is expected to be between 92 million and 100 million yuan, representing a year-on-year increase of over 50%[35] - The hydrogen fuel cell business has established strong customer relationships, leading to a significant accumulation of orders and expected sales performance during the reporting period[35] - The lithium-ion battery business is anticipated to experience substantial growth due to strong national policies promoting new infrastructure and 5G development[35] - The company's factory in Vietnam has seen full order books, resulting in a significant increase in sales and profits during the reporting period[36] Regulatory Compliance - The company has applied for the initial public offering of RMB ordinary shares (A shares) and is currently under review by the China Securities Regulatory Commission[30] - The company will adhere to relevant laws and regulations regarding the pricing of share reductions, ensuring compliance with market standards[30] - The company is committed to fulfilling its obligations regarding share repurchase and stabilization measures as per legal and regulatory requirements[32]

Financial Performance - Operating revenue for the current period was CNY 801,688,717.40, representing a year-on-year increase of 19.79%[8] - Net profit attributable to shareholders increased by 60.82% to CNY 70,354,693.60 for the current period[8] - Basic earnings per share rose by 53.85% to CNY 0.20[8] - The net profit attributable to shareholders for the year-to-date period increased by 114.30% to CNY 153,983,847.43[8] - The company reported a decrease in year-to-date operating revenue by 4.04% compared to the same period last year[8] - Total operating revenue for Q3 2019 reached CNY 801,688,717.40, an increase of 19.7% compared to CNY 669,249,083.43 in the same period last year[49] - The net profit for the period was CNY 150,593,204.48, an increase of 133.33% compared to CNY 64,628,507.86 in the same period last year[58] - The company reported a total comprehensive income of CNY 173,857,315.16, compared to CNY 84,536,431.59 in the prior period, reflecting a significant increase[59] Assets and Liabilities - Total assets increased by 13.78% to CNY 4,774,874,385.55 compared to the end of the previous year[8] - Cash and cash equivalents increased by 30.72% to CNY 1,336,127,123.90 from CNY 1,022,106,810.12, primarily due to an increase in bank deposits[16] - Current liabilities rose to CNY 2,133,661,528.67, compared to CNY 1,680,801,406.11, reflecting an increase of about 26.9%[41] - The total liabilities amounted to CNY 2,186,560,710.02, up from CNY 1,737,029,300.57, reflecting an increase of about 25.9%[41] - The company's equity attributable to shareholders increased to CNY 2,476,498,999.79 from CNY 2,384,943,544.29, representing a growth of approximately 3.8%[42] Cash Flow - Net cash flow from operating activities surged by 164.27% to CNY 146,574,968.64[8] - The cash flow from operating activities generated a net inflow of CNY 257,496,810.54, a significant increase from CNY 68,619,805.92 in the same quarter last year[67] - Investment activities resulted in a net cash outflow of CNY 191,351,711.57, compared to a net outflow of CNY 157,771,596.94 in Q3 2018, indicating increased investment efforts[67] - Financing activities generated a net cash inflow of CNY 202,903,699.12, down from CNY 327,582,535.09 in the previous year, reflecting a decrease in financing activities[67] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,131[12] - The largest shareholder, Shenzhen Sanrui Technology Development Co., Ltd., holds 35.45% of the shares[12] - The company completed a share buyback program, repurchasing 1,643,900 shares for a total amount of CNY 33,017,852, representing 0.42% of the total share capital[18] - The company commits to a lock-up period of at least 6 months for shares held after the initial public offering[20] - The company plans to reduce its holdings by no more than 10% of the total shares within 6 months after the lock-up period ends[21] Research and Development - Research and development expenses increased significantly to CNY 18,260,008.30, up 173.5% from CNY 6,672,928.61 in Q3 2018[49] - Research and development expenses for the period were CNY 36,949,070.33, which is an increase of 61.38% from CNY 22,885,537.03 in the previous period[56] Investment and Growth - Cash inflow from investment activities increased by 1028.48% to CNY 99,979,528.69 from CNY 8,859,653.55, mainly due to cash received from the disposal of subsidiaries and associates[16] - The company has seen a substantial increase in sales and profits from its Vietnam factory amid US-China trade tensions[28] - Significant growth in sales and profits from lithium-ion battery business during the reporting period[28] Compliance and Governance - The company is committed to transparency and will fulfill its information disclosure obligations[21] - All newly appointed directors and senior management must adhere to the commitments made in the prospectus, ensuring governance integrity[25]