Financial Performance - The company's operating revenue for 2020 was ¥3,376,442,661.13, a decrease of 5.15% compared to ¥3,559,587,190.35 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥402,967,482.32, an increase of 11.60% from ¥361,091,180.98 in 2019[24]. - The net cash flow from operating activities decreased by 24.68% to ¥464,096,475.01 in 2020 from ¥616,173,769.18 in 2019[24]. - Total assets at the end of 2020 were ¥5,206,361,297.77, representing a 31.93% increase from ¥3,946,304,205.39 at the end of 2019[25]. - The net assets attributable to shareholders increased by 59.43% to ¥3,069,401,048.21 at the end of 2020 from ¥1,925,218,549.51 at the end of 2019[25]. - The basic earnings per share for 2020 was ¥0.8438, an increase of 8.86% from ¥0.7751 in 2019[24]. - The company reported a total of ¥97,976,307.64 in non-recurring gains and losses for 2020, compared to ¥46,436,311.92 in 2019[31]. - The company experienced a decrease in the weighted average return on equity to 17.89% in 2020 from 20.02% in 2019[24]. - The fourth quarter revenue was ¥920,242,842.16, showing a consistent growth trend throughout the year[28]. - The company's overall sales revenue experienced a slight decline, with a significant drop in sales of electric control products for new energy vehicles, while other business segments showed steady growth, resulting in a 24.72% year-on-year increase in non-new energy vehicle business[80]. Dividend Distribution - The company plans to distribute a cash dividend of 1.7 RMB per 10 shares (including tax) based on a total share capital of 501,907,534 shares as of December 2020[5]. - The proposed cash dividend for the 2020 fiscal year is 1.70 CNY per 10 shares, amounting to 85,324,280.78 CNY (including tax), pending shareholder approval[159]. - The company distributed a cash dividend of 1.70 CNY per 10 shares, totaling 85,324,280.78 CNY for the year 2020, which represents 100% of the distributable profit[162]. - The cash dividend amount for 2019 was 75,113,232.96 CNY, which accounted for 20.80% of the net profit attributable to ordinary shareholders[160]. - The cash dividend amount for 2018 was 40,686,334.52 CNY, representing 20.13% of the net profit attributable to ordinary shareholders[160]. - The company is in a growth phase and has significant capital expenditure plans, ensuring that cash dividends meet the minimum requirement of 20% of the profit distribution[162]. Risk Management - The company acknowledges potential risks from evolving pandemic conditions and macroeconomic fluctuations affecting global market demand, as well as rising raw material costs and management risks due to business structure changes[5]. - The company emphasizes the importance of monitoring risks associated with changes in total share capital that may affect the dividend distribution amount[5]. - The company has a comprehensive risk management strategy in place to address potential operational challenges[5]. - The company is continuously optimizing processes and organizational structures to address management risks associated with business expansion[151]. - The company has maintained a safety stock of key components and is steadily advancing necessary material substitution to ensure supply chain stability[151]. - Rising raw material prices and extended supply cycles for semiconductors are expected to affect the company's cost structure and operational performance[150]. Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[5]. - The company maintained a research and development investment of approximately 10% of sales revenue, with R&D expenses reaching CNY 36,792.34 million, a year-on-year increase of 9.67%[68]. - The company holds over 590 valid patents, reflecting its strong commitment to innovation and technology development[68]. - Research and development expenses for 2020 amounted to RMB 367,923,416.97, a year-on-year increase of 9.67%, representing 10.90% of total sales revenue[107]. - The company has committed to a long-term strategy of sustainable practices, aiming for a 50% reduction in carbon emissions by 2025[169]. Market Expansion - The company is focused on power electronics and related control technologies, aiming to become a leading provider in electrical control and energy-saving solutions globally[34]. - The company has established a global R&D layout with centers in multiple locations, including Shenzhen, Germany, and Sweden, to enhance collaborative development[37]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[169]. - The company is actively exploring opportunities in the new energy vehicle market, providing power electronics modules and motor drivers to major clients like BAIC New Energy[146]. - The company is expanding its global delivery capabilities by establishing production capacity in India and Thailand, although progress has been delayed due to the pandemic[87]. Operational Structure - The company operates multiple wholly-owned subsidiaries across various regions, enhancing its operational capabilities and market reach[13]. - The company operates under a "division + resource platform" matrix management model, which has matured over years of continuous development and adjustment[36]. - The management team is composed of highly educated professionals, with many holding advanced degrees and experience in Fortune 500 companies, contributing to the company's competitive edge[73]. - The company continues to strengthen its operational platform, integrating resources across various departments to enhance efficiency and support new business development[70]. - The company has established a robust customer base, focusing on leading clients in both consumer and industrial sectors, which supports steady business growth[75]. Product Development - Major product categories include smart home appliance control products, industrial power supplies, industrial automation, and products for new energy vehicles and rail transportation[35]. - The company has established three core technology platforms: power conversion hardware, digital power control, and automation control and communication software, enhancing product development efficiency[37]. - The sales model relies heavily on direct sales for smart home appliance control products and industrial power supplies, with a focus on deep cooperation with clients during product development[41]. - The company has expanded its product offerings across various industries, including consumer electronics, industrial automation, and new energy vehicles, enhancing its market presence[66]. - The company introduced two new product lines in 2020, contributing to a 12% increase in overall sales revenue[169]. Financial Investments - The company reported a significant increase in trading financial assets from CNY 480,667,632.54 to CNY 1,018,515,641.06, with a proportion increase of 7.38% from 12.18% to 19.56%[114]. - The total investment amount for the reporting period was CNY 1,271,187,564.64, a 63.12% increase compared to CNY 779,296,093.28 in the previous year[119]. - The company has CNY 449,997,466.73 in restricted assets, primarily due to bank credit guarantees[118]. - The company utilized CNY 8,789.45 million of the raised funds in 2020, with a cumulative usage of CNY 49,894.15 million since the initial public offering[122]. - The company has a total of RMB 217,800,000.00 in unredeemed financial products from the 2019 convertible bond issuance[134]. Corporate Governance - The company has adhered to commitments regarding share lock-up periods and has fulfilled related obligations during the reporting period[163]. - The controlling shareholder, Tong Yongsheng, pledged not to reduce or transfer shares held in the company from April 27, 2020, to December 31, 2020[172]. - The company has established a linkage between stock incentive conditions and the execution of performance compensation measures[173]. - The company has committed to not providing financial assistance for the acquisition of restricted stock under the incentive plan[171]. - The company has no overdue commitments that have not been fulfilled during the reporting period[172].

Revenue and Profit - The company's revenue for Q1 2021 was ¥889,571,281.93, representing a 34.81% increase compared to ¥659,846,715.03 in the same period last year[8] - Net profit attributable to shareholders was ¥80,950,170.02, up 42.76% from ¥56,705,047.06 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥64,398,452.65, reflecting a 59.11% increase from ¥40,475,150.79 in the previous year[8] - The basic earnings per share increased to ¥0.1613, a rise of 33.75% compared to ¥0.1206 in the same quarter last year[8] - In Q1 2021, the company achieved operating revenue of RMB 889.57 million, a year-on-year increase of 34.81%[20] - The net profit attributable to shareholders reached RMB 80.95 million, up 42.76% compared to the same period last year[20] - Revenue from the industrial automation segment saw a year-on-year increase of over 200%[20] - Excluding the new energy vehicle segment, the company's revenue increased by 64% year-on-year[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,324,890,022.24, which is a 2.28% increase from ¥5,206,361,297.77 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥3,153,949,609.60, up 2.75% from ¥3,069,401,048.21 at the end of the last year[8] - The company's total assets amounted to ¥4,198,717,633.84, slightly down from ¥4,213,818,677.51 at the end of the previous year[61] - Total liabilities decreased to ¥1,009,141,652.08 from ¥1,062,465,201.82, reflecting a reduction of approximately 5%[61] - The equity attributable to shareholders of the parent company increased to ¥3,189,575,981.76, up from ¥3,151,353,475.69, indicating a growth of about 1.2%[61] - The total liabilities increased to 2,122,656,710.79 CNY, reflecting an increase of 10,493,844.80 CNY due to the adoption of new leasing standards[93] Cash Flow - The net cash flow from operating activities was negative at -¥144,018,939.90, a decline of 259.62% compared to a positive cash flow of ¥90,224,000.01 in the same period last year[8] - Cash inflow from operating activities totaled 827,803,794.86, a decrease from 859,290,019.02 in the previous period[82] - Cash outflow from operating activities was 971,822,734.76, compared to 769,066,019.01 in the previous period, leading to a net cash flow from operating activities of -144,018,939.90[82] - Cash inflow from investment activities was 1,082,662,888.41, compared to 1,071,390,239.65 in the previous period, resulting in a net cash flow from investment activities of 218,525,863.77[82] - Cash inflow from financing activities was 43,500,000.00, down from 770,651,905.56 in the previous period, leading to a net cash flow from financing activities of -52,471,980.91[84] Research and Development - R&D expenses rose by 33.77% year-on-year, attributed to an increase in R&D personnel and ongoing investment[21] - Research and development expenses increased to CNY 98,542,506.02 from CNY 73,665,591.82, marking a rise of about 33.7%[64] Shareholder Information - The top shareholder, Tong Yongsheng, holds 19.87% of the shares, with a total of 99,752,175 shares[11] Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥6,642,018.60 during the reporting period[8] - The company reported a non-recurring gain of ¥16,551,717.37 after tax, which includes various non-operating income and expenses[8] Investment and Projects - The company has committed a total of RMB 648.45 million to various investment projects, with 100% completion on some projects like the acquisition of a 14% stake in Zhejiang Yihe Bathroom Co., Ltd.[34] - The company is actively investing in new projects, including the construction of a smart industrial center, with a total investment commitment of RMB 211.71 million[34] Financial Management - The company has no overdue or unrecovered amounts in its entrusted financial management, indicating effective cash management[38] - The company has not reported any significant changes in its operational contracts or non-operational fund occupation by major shareholders during the reporting period[39][40] Future Outlook - The company has not anticipated any significant losses or major fluctuations in net profit for the upcoming reporting period[35]

1 证券代码：002851 证券简称：麦格米特 公告编号：2020-096 深圳麦格米特电气股份有限公司 关于参加 2020 深圳辖区上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳麦格米特电气股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"诚实守信，做受尊重的上市公司"——2020 深圳辖区上市公司投资 者网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2020 年 12 月 8 日 9:00 至 17:00。 届时公司董事会秘书兼首席财务官将通过网络文字交流形式与投资者进行 沟通。 欢迎广大投资者积极参与。 特此公告。 深圳麦格米特电气股份有限公司 董 事 会 2020 年 12 月 2 日 ...

Financial Performance - Operating revenue decreased by 7.78% to CNY 914,660,432.05 compared to the same period last year[7] - Net profit attributable to shareholders increased by 9.63% to CNY 125,267,071.82 compared to the same period last year[7] - Basic earnings per share increased by 7.24% to CNY 0.2638[7] - The company achieved operating revenue of 2,456.20 million CNY in the first three quarters of 2020, a decrease of 7.38% compared to the same period last year[19] - The net profit attributable to shareholders was 279.21 million CNY, an increase of 1.20% year-on-year, with basic earnings per share at 0.5918 CNY, down 0.17%[19] - Total revenue for the third quarter was CNY 914,660,432.05, a decrease of 7.8% compared to CNY 991,877,111.38 in the same period last year[54] - The total profit for the quarter was CNY 130,506,010.47, compared to CNY 120,728,942.05 in the previous year, marking an increase of 8.5%[58] - The company's total profit amounted to CNY 294,658,276.61, compared to CNY 290,590,930.38 in the previous year, indicating a slight increase of 1.2%[69] Assets and Liabilities - Total assets increased by 21.80% to CNY 4,806,448,792.42 compared to the end of the previous year[7] - Cash and cash equivalents increased by 48.97% compared to the beginning of the year, primarily due to the redemption of bank wealth management products[21] - Total current assets rose to CNY 2,262,895,046.68, an increase of 52.2% from CNY 1,486,490,548.73 in the previous year[50] - The total liabilities decreased slightly to CNY 1,977,968,232.69 from CNY 1,997,488,103.31, reflecting a reduction of approximately 1.0%[45] - The company's total equity increased to CNY 2,828,480,559.73, compared to CNY 1,948,816,102.08 at the end of 2019, marking a significant increase of around 45.1%[47] - The total amount of long-term equity investments was CNY 1,302,349,155.17, reflecting the company's investment strategy[94] Cash Flow - The net cash flow from operating activities decreased by 117.98% to CNY -12,118,362.63[7] - Cash inflow from financing activities amounted to CNY 954,592,115.45, significantly higher than CNY 80,214,203.06 in the prior period, reflecting an increase of approximately 1,087.5%[80] - The net cash flow from financing activities was CNY 662,578,341.82, compared to CNY 12,915,486.40 in the same period last year, indicating a substantial increase[80] - The cash inflow from operating activities reached CNY 2,598,094,312.61, compared to CNY 1,963,552,534.83 in the previous period, representing an increase of approximately 32.3%[78] - The net cash flow from investment activities was -CNY 786,388,900.68, worsening from -CNY 248,950,006.06 in the previous year[80] Shareholder Information - The company reported a total of 17,336 shareholders at the end of the reporting period[11] - The largest shareholder, Tong Yongsheng, holds 19.87% of the shares, with a total of 99,752,175 shares[11] - The company did not engage in any repurchase transactions during the reporting period[15] Research and Development - Research and development expenses increased to CNY 90,779,716.79, up 16.5% from CNY 77,888,701.29 year-over-year[54] - Research and development expenses for the period were CNY 89,796,111.59, which is an increase from CNY 83,947,744.71, representing a growth of 7.3%[72] Financial Management - Financial expenses increased by 777.96% year-on-year, primarily due to the accrual of convertible bond interest and loan interest[22] - The company completed the full redemption of its convertible bonds on September 2, 2020, and the bonds were delisted from the Shenzhen Stock Exchange on September 10, 2020[23] Future Outlook - The company expects no significant changes in net profit for the year compared to the previous year[30] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[68]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,541,539,386.92, a decrease of 7.14% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 153,941,034.73, down 4.76% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 118,181,710.19, a decline of 16.34% compared to the previous year[18]. - The basic earnings per share were CNY 0.3280, down 5.42% from the same period last year[18]. - The diluted earnings per share were CNY 0.3280, a decrease of 5.37% year-on-year[18]. - The weighted average return on equity was 7.34%, down 2.04% compared to the previous year[18]. - The gross profit margin increased by 3.27 percentage points to 28.12% due to changes in the sales structure, despite a significant decline in the electric vehicle segment[43]. - The company achieved operating revenue of 1,541.54 million yuan, a decrease of 7.14% compared to the same period last year[40]. - The net profit attributable to shareholders was 153.94 million yuan, down 4.76% year-on-year, with basic earnings per share of 0.3280 yuan, a decline of 5.42%[40]. - The company reported a net profit of CNY 60,060,759.54 from its subsidiary Shenzhen Magmite Drive Technology Co., Ltd., contributing over 10% to the company's net profit[91]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,753,448,610.79, reflecting a growth of 20.45% from the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 12.60% to CNY 2,167,870,586.09[18]. - Total liabilities reached CNY 2,564,799,441.92, an increase from CNY 1,997,488,103.31, indicating a rise of around 28.4%[186]. - The company's equity attributable to shareholders increased to CNY 2,167,870,586.09 from CNY 1,925,218,549.51, showing a growth of about 12.6%[188]. - The company's total liabilities rose to CNY 1,533,586,704.10, compared to CNY 875,075,210.11 in the previous year, indicating a significant increase[196]. Cash Flow and Investments - The net cash flow from operating activities increased by 18.23% to CNY 333,218,018.14[18]. - The company invested CNY 244,171,923.58 during the reporting period, a significant increase of 113.10% compared to CNY 114,580,125.34 in the same period last year[66]. - The total amount of raised funds was CNY 1,138,717,100, with CNY 359,289,000 invested during the reporting period[71]. - The company has CNY 71,000,000.00 and CNY 313,200,000.00 in unexpired financial products from its fundraising activities[88]. - The company reported a total of 113,816.49 million in entrusted financial management, with no overdue amounts[137]. Research and Development - The company achieved a research and development expenditure of 165.53 million yuan in the first half of 2020, representing a year-on-year increase of 11.56% and accounting for 10.74% of sales revenue[32]. - The company maintains a high R&D investment intensity, consistently investing around 10% of sales revenue in R&D over the years[32]. - R&D expenses for the first half of 2020 were 165.53 million yuan, an increase of 11.56% year-on-year, accounting for 10.74% of sales revenue[42]. - The company aims to strengthen its multi-product development strategy based on core technology platforms to meet future market demands[51]. Market and Product Development - The company focuses on four main product categories: smart home appliance control products, industrial power supplies, industrial automation, and new energy vehicles and rail transit products[27]. - The industrial power segment saw a revenue increase of 40.08% to 345 million yuan, driven by high demand for medical power supplies[47]. - The industrial automation segment's revenue grew by 26.76% to 195 million yuan, benefiting from new product contributions during the pandemic[48]. - The smart home appliance control products segment generated revenue of 717 million yuan, a growth of 1.75% year-on-year, accounting for 46.49% of total revenue[45]. - The electric vehicle and rail transit products segment experienced a significant decline of 52.70%, with revenue of 261 million yuan, due to pandemic impacts[49]. Operational Strategy - The company has strengthened its operational model by integrating various resource platforms to support its business units[34]. - The company continues to focus on expanding its core resource platform and enhancing its competitive advantages through R&D and market expansion strategies[44]. - The company is focusing on the development of new energy vehicle components and related products to diversify its customer base and reduce risks associated with single-client dependency[97]. - The company has implemented measures to ensure operational stability during the pandemic, including optimizing cash flow and enhancing supply chain management[100]. Legal and Compliance - The company reported a contract dispute case with Shenzhen Shengpuwei Technology Co., Ltd. involving an amount of 4.9497 million yuan, with a first-instance court ruling requiring the return of materials and payment of 4.835415 million yuan[113]. - The company won a patent dispute case against Dongguan Mitianyuan Electronic Technology Co., Ltd., with a second-instance court ruling requiring the payment of 300,000 yuan in damages[113]. - The company has no major litigation or arbitration matters during the reporting period[113]. - The company has no significant related party transactions during the reporting period[125]. Future Outlook - The company is facing risks from macroeconomic fluctuations and the ongoing pandemic, which may impact market demand[96]. - The company has observed a gradual recovery in orders since mid-March, despite initial delays due to the pandemic[98]. - The company anticipates a long-term growth trend in global healthcare system demand for medical equipment, driven by increased configurations[101]. - The pandemic has prompted industry consolidation and market order normalization, serving as a test of the company's comprehensive capabilities and platform strategy[101].

Financial Performance - The company's operating revenue for Q1 2020 was ¥659,846,715.03, a decrease of 14.69% compared to ¥773,511,119.95 in the same period last year[8] - Net profit attributable to shareholders was ¥56,705,047.06, down 2.38% from ¥58,089,343.11 year-on-year[8] - Basic earnings per share were ¥0.1206, a decline of 2.51% compared to ¥0.1856 in the same period last year[8] - The company reported a net profit of CNY 1,035,462,998.65, up from CNY 978,757,951.59, reflecting a growth of approximately 5.8%[54] - Net profit for Q1 2020 was CNY 54,660,213.37, compared to CNY 58,478,111.34 in the same period last year, reflecting a decrease of approximately 6.2%[65] - The total comprehensive income for the quarter was CNY 10,899,641.97, compared to CNY 3,770,611.61 in Q1 2019, reflecting a substantial increase of approximately 189.5%[72] Cash Flow - The net cash flow from operating activities decreased by 46.72% to ¥90,224,000.01 from ¥169,346,367.65 in the previous year[8] - Net cash flow from operating activities decreased by 46.72% year-on-year, mainly due to increased procurement payments to ensure production supply[29] - The cash inflow from financing activities was CNY 770,651,905.56, compared to CNY 71,001,176.49 in the same period last year, showing a dramatic increase of approximately 986.5%[77] - Cash flow from investment activities showed a net outflow of CNY 639,160,303.24, compared to a smaller outflow of CNY 27,045,352.93 in the same period last year[75] - The net cash flow from investment activities was -483,297,183.77 CNY, compared to 8,403,916.65 CNY in the previous year, indicating a significant decline in investment returns[80] Assets and Liabilities - Total assets increased by 17.10% to ¥4,620,947,334.57 from ¥3,946,304,205.39 at the end of the previous year[8] - The company's total liabilities rose to CNY 2,419,214,390.26, compared to CNY 1,997,488,103.31, indicating an increase of around 21.1%[52] - Current liabilities decreased to CNY 1,915,273,257.50 from CNY 1,970,149,188.10, showing a reduction of approximately 2.8%[52] - The total liabilities as of Q1 2020 amounted to CNY 1,404,089,933.68, compared to CNY 875,075,210.11 in the previous period, showing a significant increase of approximately 60%[59] - The total equity increased to CNY 2,338,006,704.41 from CNY 2,146,531,669.99, representing a growth of about 8.9%[59] Investments and Growth - Long-term equity investments increased by 103.74% compared to the beginning of the year, mainly due to the acquisition of minority stakes in subsidiaries and new equity investments[23] - The company plans to continue diversifying its product layout across various intersecting fields to optimize and adjust for future growth opportunities[34] - The company plans to expand its market presence and invest in new technologies to drive future growth[50] - Research and development expenses are expected to increase as the company focuses on innovation and product development[50] Other Financial Metrics - Financial expenses increased by 151.78% year-on-year, mainly due to interest of 8,347,894.07 yuan from convertible bonds issued this period[26] - Other income increased by 286.15% year-on-year, primarily due to an increase in government subsidies[27] - Investment income and fair value changes combined increased by 86.7% year-on-year, mainly due to increased returns from purchasing bank wealth management products[28] - The company received CNY 1,067,518,849.38 from investment recoveries, significantly higher than CNY 595,932,276.73 in the previous year, indicating a growth of about 79.2%[75] Inventory and Operational Capacity - The company’s inventory stood at 833,602,116.88 CNY, reflecting its operational capacity and market readiness[82] - The company holds fixed assets valued at CNY 42,801,827.43, indicating ongoing operational capacity[86] Regulatory and Reporting Changes - The company has implemented new revenue and leasing standards, affecting the classification of contract liabilities[90] - The first quarter report was not audited, indicating preliminary financial results[90] - The company adjusted "prepayments" to "contract liabilities" due to early receipt of payments from customers[89]

Financial Performance - The company's operating revenue for 2019 was approximately ¥3.56 billion, representing a 48.71% increase compared to ¥2.39 billion in 2018[20]. - The net profit attributable to shareholders for 2019 was approximately ¥361.09 million, an increase of 78.67% from ¥202.10 million in 2018[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥314.65 million, up 81.22% from ¥173.64 million in 2018[20]. - The total operating revenue for 2019 reached ¥3,559,587,190.35, representing a year-on-year increase of 48.71% compared to ¥2,393,654,737.58 in 2018[68]. - The net profit attributable to shareholders reached 361.09 million yuan, reflecting a significant year-on-year growth of 78.67%[58]. - The basic earnings per share for 2019 was CNY 0.7751, up 65.55% from CNY 0.4682 in 2018[22]. - The total assets at the end of 2019 reached CNY 3,946,304,205.39, a 24.01% increase from CNY 3,182,140,966.44 at the end of 2018[22]. - The net assets attributable to shareholders increased by 16.91% to CNY 1,925,218,549.51 at the end of 2019 from CNY 1,646,819,859.43 in 2018[22]. Dividend Distribution - The company plans to distribute a cash dividend of ¥1.6 per 10 shares, based on a total share capital of 469,457,706 shares as of December 31, 2019[5]. - The cash dividend represents 20.80% of the net profit attributable to ordinary shareholders, which was 361,091,180.98 yuan[136]. - The company did not propose any capital reserve fund conversion to increase share capital for 2019, maintaining a focus on cash dividends[136]. - The total number of shares for the cash dividend distribution is based on 469,457,706 shares as of December 31, 2019[136]. - The company has consistently maintained a cash dividend payout ratio above the minimum requirement of 20% for growth-stage companies[136]. Business Operations and Strategy - The company has established three core technology platforms: power conversion hardware, digital power control, and system control and communication software[33]. - The company focuses on four main business areas: smart home appliance control products, industrial power supplies, industrial automation, and new energy vehicles and rail transit products[34]. - The company has implemented a "business unit + resource platform" operational model to enhance product development and market expansion[34]. - The company adopts a "sales-driven production" model, balancing market demand and inventory management to achieve rapid delivery[36]. - The company has established marketing networks in major cities and countries, including the US, Germany, and Japan, to expand market reach[36]. Research and Development - The company’s R&D expenses in 2019 amounted to 335.47 million, representing a year-on-year increase of 33.18% and accounting for 9.42% of sales revenue[52]. - The number of R&D personnel increased by 51.61% to 1,084 in 2019, accounting for 35.24% of the total workforce[91]. - R&D investment amounted to approximately CNY 335.47 million, a 33.18% increase from the previous year, representing 9.42% of total revenue[91]. - The company is in the pilot verification stage for the M6 servo driver, aiming to enter the high-end industrial automation sector[87]. - The company is developing a low-voltage servo driver for logistics and engineering machinery, currently in the prototype verification stage[87]. Market Trends and Demand - The global medical power supply market is projected to grow from approximately $900 million to $1.2 billion by 2022, with a CAGR of about 7%[42]. - The smart home appliance control product market is experiencing growth driven by rising consumer income and demand for high-quality living[37]. - The demand for power supplies related to 5G infrastructure is expected to grow, with an estimated 500,000 new 5G base stations to be built in 2020[41]. - The industrial automation control system is evolving towards intelligence and networking, driven by the demand from the industrial manufacturing sector and advancements in power electronics and related control technologies[43]. - The company anticipates a long-term growth trend in demand for medical devices as global health systems enhance their configurations[129]. Risks and Challenges - The company faces risks including macroeconomic fluctuations, risks in the new energy vehicle industry, and uncertainties due to the COVID-19 pandemic[5]. - The COVID-19 pandemic has caused significant economic uncertainty, impacting downstream customer demand and leading to order delays, although recovery signs began to appear after mid-March[128]. - The company is committed to optimizing its customer structure and managing accounts receivable effectively to mitigate bad debt risks[128]. - The pandemic has tested the company's comprehensive capabilities and validated its strong platform strategy, leading to a commitment to diversify product offerings across intersecting fields[129]. Corporate Governance and Compliance - The company guarantees the independence of its assets, ensuring that no funds or assets are unlawfully occupied by related parties[139]. - The company has established an independent financial department and accounting system, ensuring compliance with tax regulations and independent financial decision-making[139]. - The company has committed to maintaining the independence of its operations, including personnel management and organizational structure, to avoid conflicts of interest[139]. - The company has fulfilled all commitments made regarding related transactions and competition avoidance as of December 31, 2019[138]. - The company has no overdue commitments and has fulfilled all commitments on time[146]. Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[143]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[143]. - New product lines are expected to launch in Q2 2020, anticipated to contribute an additional 300 million RMB in revenue[141]. - The company expects growth opportunities in 5G communication power supplies and charging pile products as part of the new infrastructure initiatives[129].

Financial Performance - Operating revenue for the third quarter was CNY 991,877,111.38, representing a year-on-year growth of 71.08%[7] - Net profit attributable to shareholders was CNY 114,261,481.29, up 99.02% from the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 110,649,380.71, reflecting a 113.11% increase year-on-year[7] - Basic earnings per share increased to CNY 0.2460, a rise of 74.10% compared to the same quarter last year[7] - Operating income increased by 64.67% year-on-year, driven by the continuous expansion of the company's business scale, with the new energy vehicle segment growing by 215% compared to the same period last year[19] - Net profit increased by 56.49% year-on-year, attributed to the continuous growth of the company's business scale[19] - The total operating revenue for the current period reached ¥991,877,111.38, a significant increase of 71.2% compared to ¥579,766,469.91 in the previous period[53] - Net profit for the current period was ¥113,020,053.66, representing a 50.2% increase from ¥75,224,624.64 in the previous period[56] - The net profit attributable to the parent company was ¥275,895,337.94, compared to ¥122,566,868.14 in the previous year, marking a growth of 125.0%[74] Assets and Liabilities - Total assets reached CNY 3,833,777,289.16, an increase of 20.48% compared to the end of the previous year[7] - Non-current assets increased to ¥819,152,895.13 from ¥612,025,377.03, representing a growth of approximately 34%[36] - Total liabilities amounted to ¥1,898,290,103.13, compared to ¥1,497,926,092.36, marking a growth of around 26.8%[39] - Current liabilities rose to ¥1,869,563,258.38 from ¥1,450,752,008.06, reflecting an increase of approximately 28.8%[39] - Owner's equity increased to ¥1,935,487,186.03 from ¥1,684,214,874.08, showing an increase of about 14.9%[42] - Total assets amounted to CNY 3,182,140,966.44, with current assets at CNY 2,570,115,589.41 and non-current assets at CNY 612,025,377.03[105] - Total liabilities reached CNY 1,497,926,092.36, with current liabilities at CNY 1,450,752,008.06 and non-current liabilities at CNY 47,174,084.30[112] Cash Flow - The net cash flow from operating activities was CNY 67,410,148.01, a significant improvement of 186.18% compared to the previous year[7] - Cash flow from operating activities increased by 487.55% year-on-year, mainly due to increased sales collections and bill discounting[19] - The company reported a significant increase in cash inflow from operating activities, totaling ¥1,963,552,534.83, compared to ¥1,186,949,962.66 in the previous period[87] - The net cash flow from operating activities was 205,653,290.26 CNY, compared to a negative cash flow of -9,846,892.55 CNY in the previous period[98] - The cash and cash equivalents at the end of the period totaled 261,025,720.61 CNY, compared to 154,626,624.79 CNY at the end of the previous period[92] Shareholder Information - The company reported a total of 23,682 common shareholders at the end of the reporting period[12] - The largest shareholder, Tong Yongsheng, holds 21.25% of the shares, with a total of 99,752,175 shares[12] - The company did not engage in any repurchase agreements among the top ten shareholders during the reporting period[16] Investments and Expenses - Long-term equity investments increased by 85.85% compared to the beginning of the year, due to increased investments in affiliated companies[19] - Research and development expenses amounted to ¥77,888,701.29, an increase of 11.3% from ¥70,005,923.85 in the previous period[53] - The company achieved a significant increase in other income by 87.39% year-on-year, mainly due to increased government subsidies and software tax refunds[19] - The company experienced a significant increase in sales expenses, which rose to ¥97,883,739.35 from ¥83,620,361.12, reflecting increased marketing efforts[71] Financial Management - Financial expenses increased by 210.37% year-on-year, primarily due to foreign exchange fluctuations[19] - The company reported a decrease in financial expenses to ¥3,694,678.21 from a negative expense of -¥3,347,455.16, indicating improved financial management[71] - The company has a provision for liabilities amounting to ¥1,704,105.33[118]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,660,048,725.33, representing a 61.06% increase compared to ¥1,030,692,234.29 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached ¥161,633,856.65, a significant increase of 148.07% from ¥65,156,047.12 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥141,263,412.15, up 175.63% from ¥51,251,206.58 in the same period last year[19]. - Basic earnings per share increased to ¥0.3468, reflecting a growth of 116.34% from ¥0.2404 in the same period last year[19]. - The total profit for the first half of 2019 was ¥169,861,988.33, compared to ¥110,768,284.23 in the same period last year, reflecting a growth of 53.2%[166]. - The company reported a total comprehensive income of ¥163,916,151.23 for the first half of 2019, compared to ¥101,553,417.15 in the previous year, indicating a growth of 61.4%[166]. Cash Flow and Assets - The net cash flow from operating activities was ¥281,835,214.87, a remarkable increase of 2,478.62% compared to a negative cash flow of ¥11,848,699.86 in the previous year[19]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥493,623,003.25, up 420.46% from ¥94,843,399.10 in the prior year[43]. - Total assets at the end of the reporting period were ¥3,628,310,807.84, marking a 14.02% increase from ¥3,182,140,966.44 at the end of the previous year[19]. - The company's current assets reached RMB 2,922,754,799.12 as of June 30, 2019, compared to RMB 2,570,115,589.41 at the end of 2018, indicating an increase of about 13.7%[150]. - Cash and cash equivalents significantly rose to RMB 644,823,743.52 from RMB 151,200,740.27, marking an increase of approximately 326.5%[148]. Research and Development - R&D investment for the first half of 2019 was RMB 148.37 million, up 31.44% year-on-year, accounting for 8.94% of operating revenue[38]. - The company has over 400 effective patents, including 72 invention patents, and has established three core technology platforms: power conversion hardware, digital power control, and system control and communication software[32]. - The company aims to leverage its core technology and R&D capabilities to upgrade traditional industries and provide comprehensive solutions in the consumer sector[32]. Market and Product Development - The company focuses on power electronics and related control technologies, with major products including industrial power supplies, industrial automation, smart home appliance controls, new energy vehicles, and rail transit[27]. - Sales revenue from smart home appliance control products was RMB 704 million, growing by 23.16% compared to the same period in 2018[38]. - Revenue from new energy vehicles and rail transit products surged to RMB 552 million, a remarkable growth of 238.82% year-on-year[38]. - The company has expanded its product offerings into emerging fields such as smart oil extraction equipment and electric shock devices[27]. Risks and Challenges - The company faces risks including international trade friction and policy risks in the new energy vehicle industry, which may impact future development[4]. - The company anticipates continued risks in the new energy vehicle sector due to potential subsidy reductions, which could affect sales prices and profitability[70]. - The gross profit margin decline is attributed to an increase in the proportion of low-margin products, which may continue to affect profitability[71]. Corporate Governance and Structure - The management team consists of highly educated professionals with international experience, contributing to the company's stability and growth[35]. - The company has not experienced any major changes in its operating model during the reporting period[29]. - The company has not initiated any targeted poverty alleviation work in the first half of 2019 and has no subsequent plans[111]. Shareholder Information - Major shareholder Tong Yongsheng held 21.25% of the shares, with a total of 99.75 million shares, and had 20.08 million shares pledged[126]. - The proportion of restricted shares decreased from 59.50% to 49.39% following the issuance of new shares and capital reserve conversion[119]. - The company reported a significant reduction in the holdings of shareholders, directors, and supervisors, with over half of the planned reductions completed by June 20, 2019[115]. Investment and Financing - The company has disclosed the special report on the storage and use of raised funds on August 15, 2019[64]. - The total amount of raised funds is RMB 490.27 million, with RMB 5.22 million invested during the reporting period[57]. - The company disclosed a plan for the public issuance of convertible bonds on April 17, 2019, to further acquire minority interests in its subsidiaries[112].

Financial Performance - The company's operating revenue for Q1 2019 was ¥773,511,119.95, representing a 101.39% increase compared to ¥384,095,076.38 in the same period last year[7] - Net profit attributable to shareholders was ¥58,089,343.11, up 138.67% from ¥24,339,278.30 year-on-year[7] - Basic and diluted earnings per share were both ¥0.1856, reflecting a 106.68% increase from ¥0.1347 in the same period last year[7] - Operating profit for the current period was ¥67,340,689.13, up 63.3% from ¥41,245,281.21 in the previous period[56] - Net profit attributable to the parent company was ¥58,089,343.11, representing a 138.0% increase from ¥24,339,278.30 in the previous period[56] - Earnings per share for the current period was ¥0.1856, compared to ¥0.0898 in the previous period, reflecting improved profitability[59] Cash Flow - The net cash flow from operating activities reached ¥169,346,367.65, a significant increase of 4,629.12% compared to a negative cash flow of ¥3,739,054.08 in the previous year[7] - Cash flow from operating activities generated a net cash flow of CNY 169,346,367.65, a significant improvement from a negative CNY 3,739,054.08 in the prior period[69] - Operating cash inflows totaled CNY 752,954,222.03, up from CNY 386,878,604.88 year-over-year[69] - Cash outflows from operating activities were CNY 583,607,854.38, compared to CNY 390,617,658.96 in the previous period[69] - Cash and cash equivalents increased by 139.02% compared to the beginning of the year, mainly due to new bank loans and the redemption of bank wealth management products[21] - The ending balance of cash and cash equivalents was CNY 361,406,265.11, an increase from CNY 195,434,606.00 in the prior period[73] - The net cash inflow from financing activities amounted to $70 million[80] - The net increase in cash and cash equivalents was $238.65 million, compared to $6.55 million in the previous period[80] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,356,633,112.46, a 5.48% increase from ¥3,182,140,966.44 at the end of the previous year[7] - The total liabilities increased to CNY 1,611,089,268.24 from CNY 1,497,926,092.36, representing a growth of approximately 7.5%[39] - The total owner's equity rose to CNY 1,745,543,844.22 from CNY 1,684,214,874.08, indicating an increase of about 3.6%[42] - The total current liabilities increased to CNY 662,295,627.68 from CNY 500,070,657.31, reflecting a rise of about 32.4%[49] - The total current assets rose to CNY 1,500,273,702.56 from CNY 1,389,947,415.72, indicating an increase of approximately 8%[46] - The total assets increased to CNY 2,808,000,251.57 from CNY 2,636,314,768.38, representing a growth of approximately 6.5%[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,694, with the top ten shareholders holding a combined 30.67% of the shares[12] - The largest shareholder, Tong Yongsheng, held 21.25% of the shares, with significant pledges on his holdings[12] - The company did not engage in any repurchase agreements among the top ten shareholders during the reporting period[16] Expenses and Investments - Research and development expenses rose by 36.58% year-on-year, reflecting increased investment in R&D[21] - Sales expenses increased by 41.37% year-on-year, reflecting the expansion of the company's business scale[21] - Income tax expenses increased by 153.21% year-on-year, driven by the company's expanding business operations[21] - Investment income decreased by 44.23% year-on-year, primarily due to a reduction in investment in bank wealth management[21] - The company reported a tax expense of ¥9,282,259.89, which is 153.5% higher than the previous period's tax expense of ¥3,665,785.47[56] - The company recorded an asset impairment loss of ¥9,828,607.02, compared to a gain of ¥790,847.17 in the previous period, highlighting challenges in asset management[53] Accounting and Reporting - The first quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[92] - The company has implemented new financial instrument standards, revenue standards, and lease standards adjustments[81] - The company implemented revised accounting standards for financial instruments starting January 1, 2019, requiring retrospective adjustments for previously recognized financial instruments[91]