证券代码：002860 证券简称：星帅尔 杭州星帅尔电器股份有限公司投资者关系活动记录表 编号：TZZ-065 投资者关系活动 （√）特定对象调研 （ ）分析师会议 类别 （ ）媒体采访 （ ）业绩说明会 （ ）新闻发布会 （ ）路演活动 （ ）现场参观 （ ）其他 参与单位名称及 Point72 Hong Kong Limited——李晓峥（分析员） 人员姓名 Citigroup Global Markets Asia Limited——Lexie Yang 浙商证券股份有限公司——陈明雨，尹仕昕（电力设备新能源 分析师） 东方证券资产管理有限公司——谢成，陈思远，樊孝林（研究 员） 时间 2023 年 7 月 3 日 ，2023 年 7 月 4 日 地点 公司会议室/线上 副总经理、董事会秘书：陆群峰 上市公司接待 人员姓名 一、公司副总经理、董事会秘书陆群峰简要介绍公司基本情况 欢迎各位投资者朋友对星帅尔进行调研、指导。 星帅尔于 2017 年 4 月在深交所挂牌上市，作为高新技术 企业，具有较强的创新能力和自主研发能力，组织或参与国家 投资者关系活动 或行业标准的制定，受到客户的高度认可。公司的主营业 ...

证券代码：002860 证券简称：星帅尔 编号：TZZ-064 投资者关系活动 （ ）特定对象调研 （ ）分析师会议 类别 （ ）媒体采访 （√）业绩说明会 （ ）新闻发布会 （ ）路演活动 （ ）现场参观 （ ）其他 参与单位名称及 投资者网上提问 人员姓名 时间 2023 年 5 月 12 日 地点 公司通过 全 景 网 " 投 资 者 关 系 互 动 平 台 " （https://ir.p5w.net）采用网络远程的方式召开业绩说明会 1、总经理：楼勇伟 上市公司接待 2、董事会秘书：陆群峰 人员姓名 3、财务总监：高林锋 4、独立董事：曾荣晖 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复： 1、转债什么时候可以通过 公司本次可转债已于 2023 年 1 月 11 日取得中国证监会的 核准发行批复（详见公司公告）。 投资者关系活动 2、公司家电主要有哪些业务，是否因为经营光伏组件导 主要内容介绍 致家电市场份额下降 公司家电板块业务主要为研发、生产和销售各种类型的制 冷压缩机用热保护器、起动器、密封接线柱，小家电用温度控 制器，中小型、微型电机产品等，公司家电业务板块一 ...

股票代码：002860 股票简称：星帅尔 公告编号：2023-031 杭州星帅尔电器股份有限公司 关于参加浙江辖区上市公司 2023 年投资者网上集体接待日活动暨 2022 年度网上业绩说明会 的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，杭州星帅尔电器股份有限公司（以下简称"公司"） 将参加由浙江证监局、浙江省上市公司协会与深圳市全景网络有限公司联合举办的"2023 年 浙江辖区上市公司投资者集体接待日活动"暨召开 2022 年度业绩说明会，现将相关事项公告 如下： 本 次 活 动 将 采 用 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 登 录 " 全景路演 " 网 站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参与本次互动 交流，活动时间为 2023 年 5 月 12 日（周五） 15:00-17:00。届时公司总经理楼勇伟先生、董 事会秘书陆群峰先生、财务总监高林锋先生、独立董事曾荣晖先生将在线就公司 2022 年度业 绩、公司治理、发展战略、经营 ...

的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，杭州星帅尔电器股份有限公司（以下简称"公司"） 将参加由浙江证监局、浙江省上市公司协会与深圳市全景网络有限公司联合举办的"2023 年 浙江辖区上市公司投资者集体接待日活动"暨召开 2022 年度业绩说明会，现将相关事项公告 如下： 本 次 活 动 将 采 用 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 登 录 " 全景路演 " 网 站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参与本次互动 交流，活动时间为 2023 年 5 月 12 日（周五） 15:00-17:00。届时公司总经理楼勇伟先生、董 事会秘书陆群峰先生、财务总监高林锋先生、独立董事曾荣晖先生将在线就公司 2022 年度业 绩、公司治理、发展战略、经营状况等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与！ （问题征集专题页面二维码） 股票代码：002860 股票简称：星帅尔 公告编号：2023-031 杭州星帅尔电器股份有 ...

Financial Performance - The company's operating revenue for 2022 was CNY 1,949,293,135.72, representing a 42.43% increase compared to CNY 1,368,591,964.25 in 2021[17]. - The net profit attributable to shareholders decreased by 17.21% to CNY 119,109,759.09 from CNY 143,869,029.97 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 101,626,880.12, down 21.11% from CNY 128,826,727.87 in 2021[17]. - The basic earnings per share decreased by 20.00% to CNY 0.40 from CNY 0.50 in 2021[17]. - The total assets at the end of 2022 were CNY 2,488,183,921.66, an increase of 31.01% from CNY 1,899,287,543.53 at the end of 2021[17]. - The net assets attributable to shareholders increased by 12.72% to CNY 1,376,318,988.98 from CNY 1,221,000,358.15 in 2021[17]. - The cash flow from operating activities net amount was CNY 147,954,887.40, a 4.21% increase from CNY 141,970,966.70 in the previous year[17]. - The weighted average return on equity decreased to 8.95% from 12.84% in 2021, a decline of 3.89%[17]. - The company achieved a revenue of 1.949 billion yuan in 2022, representing a year-on-year growth of 42.43%[68]. - The net profit attributable to the parent company was 119 million yuan, a decrease of 17.21% compared to the previous year[68]. - The main business cost increased by 60.17% to 1.630 billion yuan, impacting overall profitability[68]. - Research and development investment rose by 33.76% to 65.8 million yuan, indicating a focus on innovation[68]. Cash Flow and Investments - The cash dividend per 10 shares is set at 1.00 CNY (including tax), based on a total of 306,726,517 shares[177]. - The company plans to allocate 100 million for marketing efforts to boost brand awareness in new markets[140]. - The company invested ¥240,000,000.00 in 2022, a dramatic increase of 684.31% compared to ¥30,600,000.00 in the previous year[93]. - Investment cash inflow decreased by 33.24% to ¥792,117,313.82, while outflow dropped by 38.41% to ¥761,831,752.76, leading to a net cash flow from investing activities of ¥30,285,561.06, a significant increase of 160.07%[87]. - Financing cash inflow surged by 598.69% to ¥119,397,987.33, primarily due to equity incentive subscription funds received[88]. Market and Product Development - The company plans to leverage its advantages in the domestic photovoltaic industry to expand into upstream and downstream sectors, including power station construction and energy storage[31]. - The company is focusing on the small household appliance market, which is rapidly expanding, with increasing consumer demand for innovative and energy-efficient products[37]. - The company is currently developing multiple new products, including solar panels and electric motors, aimed at enhancing product competitiveness and driving future profitability[84]. - The company aims to achieve approximately CNY 2.5 billion in revenue for 2023, with steady growth in operating profit and net profit[104]. - New product launches are expected to contribute an additional 300 million CNY in revenue, with a focus on smart home appliances[116]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[143]. Research and Development - The company has over 210 patents, including 31 invention patents, demonstrating strong technological reserves and innovation capabilities[59]. - Research and development expenses rose by 33.76% to 65,797,397.29 yuan due to increased investment in R&D[83]. - The company is investing 200 million CNY in R&D for new technologies, particularly in energy-efficient products[116]. - The company aims to enhance its research and development capabilities, focusing on innovative technologies to drive future growth[144]. Corporate Governance - The company emphasizes the importance of performance indicators in determining the remuneration of its directors and senior management[157]. - The company has established a comprehensive governance structure that complies with legal and regulatory requirements, ensuring no significant discrepancies[129]. - The company has implemented a rigorous internal control system to enhance operational efficiency and governance[122]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a fully independent business system[131]. Sustainability and Social Responsibility - The company is committed to green development and aims to contribute to the establishment of a low-carbon circular economy[31]. - The company has actively pursued green development, earning recognition as a green low-carbon factory at both provincial and municipal levels[192]. - The company is committed to reducing carbon emissions and promoting green production practices[192]. - The company has a total of over 60 disabled employees, accounting for 27% of its workforce, effectively addressing employment issues for this vulnerable group[198]. Customer Relations and Market Position - The company achieved a customer satisfaction rate exceeding 95% and received the Quality Stone Award from Midea's Micro-Clean Division[63]. - The company maintains a direct sales model, collaborating closely with clients to ensure product specifications meet their needs[50]. - The company has established strong partnerships with major clients, including Midea and Panasonic, but faces intensified competition from existing and new entrants in the industry[108]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[116]. - The company has set a sales target for 2023, but it does not represent a profit forecast or performance commitment due to various uncertainties[106]. - The company plans to expand its business into upstream and downstream sectors of the photovoltaic industry, including power station construction and energy storage[102].

Financial Performance - The company's operating revenue for Q1 2023 was ¥575.20 million, representing a 99.47% increase compared to ¥288.37 million in the same period last year[5]. - Net profit attributable to shareholders was ¥45.07 million, up 19.71% from ¥37.65 million year-on-year[5]. - The company reported a total profit of CNY 51,471,580.49 for Q1 2023, compared to CNY 44,617,588.27 in Q1 2022, reflecting an increase of approximately 15.5%[18]. - Net profit for Q1 2023 was CNY 47,515,258.41, up from CNY 39,177,666.83 in Q1 2022, indicating a growth of approximately 21.5%[18]. - Basic earnings per share for Q1 2023 were CNY 0.15, compared to CNY 0.18 in the same period last year[18]. Cash Flow - The net cash flow from operating activities was -¥53.60 million, a decrease of 358.02% compared to ¥20.78 million in the previous year[5]. - The cash inflow from operating activities totaled CNY 396,944,714.72, an increase from CNY 249,569,536.02 in the previous year, representing a growth of approximately 59%[21]. - The net cash outflow from operating activities was CNY -53,603,632.86, compared to a net inflow of CNY 20,775,242.70 in the same period last year[21]. - The total cash outflow for operating activities was CNY 450,548,347.58, compared to CNY 228,794,293.32 in the previous year, indicating a rise of approximately 97%[21]. - The net increase in cash and cash equivalents was CNY -119,377,889.44, compared to a decrease of CNY -40,823,896.78 in the previous year[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2.41 billion, down 3.29% from ¥2.49 billion at the end of the previous year[5]. - The total liabilities as of Q1 2023 were CNY 949,603,828.60, down from CNY 1,071,504,675.84 in the previous year, a decrease of approximately 11.4%[18]. - The total current assets decreased to CNY 1,767,792,862.08 from CNY 1,840,992,542.59, a decline of 3.95%[14]. - The total non-current assets decreased to CNY 638,517,350.25 from CNY 647,191,379.07, a decrease of 1.04%[14]. Operating Costs and Expenses - The company reported a 120.99% increase in operating costs, primarily due to the expansion of the photovoltaic business by its subsidiary, Fule New Energy[10]. - Total operating costs for Q1 2023 were CNY 531,513,018.35, compared to CNY 246,511,316.01 in Q1 2022, reflecting an increase of about 115.5%[17]. - Research and development expenses increased by 69.78%, reflecting the company's increased investment in R&D[10]. - The company's R&D expenses in Q1 2023 amounted to CNY 21,601,674.98, compared to CNY 12,723,036.95 in the previous year, marking an increase of about 69.5%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,553, with the largest shareholder holding 27.89% of the shares[10]. - The company reported a total of 10 major shareholders, with the largest shareholder holding 38,882,072 shares[11]. Investments and Acquisitions - The company received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds on January 11, 2023[12]. - The wholly-owned subsidiary Oubo Electronics acquired a 15% stake in the controlling subsidiary Xindu'an in February 2023, making it a wholly-owned subsidiary[12]. Other Income and Losses - The company experienced a 540.14% increase in credit impairment losses, attributed to the rise in accounts receivable[10]. - The company reported a 44.43% increase in other income, mainly due to an increase in government subsidies received[10]. Audit Status - The company’s first quarter report was not audited[23].

Company Overview - Star Shuaier Electric Co Ltd was listed on the Shenzhen Stock Exchange in April 2017 [2] - The company has 161 patents, including 16 invention patents [2] - It has established research institutes and academician expert workstations to develop new products and technologies [2] Product Portfolio - Main products include thermal protectors and starters for refrigeration compressors used in refrigerators, freezers, air conditioners, and washing machines [2] - Subsidiary Huajin Electronics produces compressor sealing terminal blocks and has expanded into new energy, optical communication, and optical sensor components [2] - Subsidiary Xindu An specializes in temperature controllers for small home appliances [3] - Subsidiary Zhete Electric focuses on small and micro motors for various applications including new energy vehicles [3] Financial Performance - 2019 revenue reached 710.54 million yuan, a 73.65% year-on-year increase [3] - Net profit attributable to parent company was 128.69 million yuan, up 34.88% year-on-year [3] - 2020 revenue target is approximately 900 million yuan [4] Market Position - Products cover major domestic and international compressor manufacturers [2] - Key customers include Haier, Hisense, Midea, LG Electronics, and Nidec [2] - Subsidiary Huajin Electronics' optical communication and sensor components saw sales in March 2020 exceed the entire previous year due to pandemic demand [5] Strategic Development - Established Hangzhou Star Shuaier Special Motor Technology Research Co Ltd to focus on special motor control systems and new technologies [4] - Expanding into new energy vehicle market through Zhete Electric [5] - Developing new materials and high-end manufacturing while focusing on energy efficiency and food safety [5] - Leveraging health preservation trends in refrigerator market [6] Operational Highlights - May 2020 sales reached record highs [4] - Integrated management of Zhete Electric's internal controls, finance, sales, and procurement [4] - Extended new energy vehicle subsidy policy until 2022 provides market stability [5]

Financial Performance - The company's revenue for Q3 2022 reached ¥563,754,648.63, representing a 73.68% increase year-over-year[5] - Net profit attributable to shareholders decreased by 35.74% to ¥31,532,021.91 for the same period[5] - The basic earnings per share (EPS) fell by 58.33% to ¥0.10, while diluted EPS also decreased by the same percentage[5] - Total operating revenue for Q3 2022 reached ¥1,250,719,650.62, an increase of 18.1% compared to ¥1,058,604,291.56 in the same period last year[22] - Net profit for Q3 2022 was ¥111,000,786.97, a decrease of 19.8% from ¥138,442,435.64 in Q3 2021[23] - Earnings per share (EPS) for Q3 2022 was ¥0.36, down from ¥0.47 in the previous year[24] Assets and Liabilities - Total assets increased by 26.53% to ¥2,403,114,341.76 compared to the end of the previous year[5] - Total assets increased to ¥2,403,114,341.76, compared to ¥1,899,287,543.53 at the end of the previous year, reflecting a growth of 26.5%[20] - Total liabilities rose to ¥1,002,129,014.78, an increase of 53.0% from ¥654,435,798.33 year-over-year[20] - The total equity attributable to shareholders increased by 11.20% to ¥1,357,735,726.03 compared to the end of the previous year[5] - The company's equity attributable to shareholders reached ¥1,357,735,726.03, up from ¥1,221,000,358.15, marking a growth of 11.2%[20] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥29,591,431.38, a decline of 164.28% compared to the previous period[5] - The net cash flow from operating activities for the current period is -29,591,431.38 CNY, a decrease from 46,038,362.34 CNY in the previous period[25] - Cash inflow from operating activities totaled 845,894,213.99 CNY, down from 1,191,892,001.86 CNY year-over-year[25] - Cash outflow from operating activities was 875,485,645.37 CNY, compared to 1,145,853,639.52 CNY in the previous period[25] - The net cash flow from investing activities is -41,049,855.91 CNY, worsening from -4,423,396.70 CNY in the previous period[26] - Cash inflow from investing activities was 641,014,048.25 CNY, down from 954,450,627.58 CNY year-over-year[26] - Cash outflow from investing activities totaled 682,063,904.16 CNY, compared to 958,874,024.28 CNY in the previous period[26] - The net cash flow from financing activities is -38,865,018.63 CNY, compared to -17,719,545.07 CNY in the previous period[26] - Cash inflow from financing activities was 107,131,143.68 CNY, significantly higher than 15,088,716.20 CNY in the previous period[26] - The ending balance of cash and cash equivalents is 141,994,330.94 CNY, down from 210,795,972.38 CNY in the previous period[26] - The company experienced a net decrease in cash and cash equivalents of -105,617,132.85 CNY, contrasting with an increase of 23,671,394.39 CNY in the previous period[26] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Hangzhou Xingshuai'er Photovoltaic Technology Co., Ltd., with a registered capital of ¥100 million to enhance its investment in the photovoltaic sector[14] - The company plans to issue convertible bonds to fund a 2GW high-efficiency solar photovoltaic module project, which has been approved by the board and is under review by the China Securities Regulatory Commission[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,808[12] - The largest shareholder, Lou Yuegen, holds 28.25% of the shares, totaling 86,639,873 shares[12] - The total number of shares held by the top ten unrestricted shareholders is 38,882,072 shares, all of which are ordinary shares[12] Operational Highlights - Accounts receivable rose by 69.95%, primarily due to increased revenue from the subsidiary Fule New Energy[9] - The company reported a significant increase in contract liabilities by 43.46%, attributed to prepayments received by Fule New Energy[9] - Research and development expenses increased by 49.34% year-over-year, indicating a focus on innovation[10] - Research and development expenses for Q3 2022 were ¥49,286,129.17, an increase of 49.5% compared to ¥33,002,713.09 in the same period last year[22] - The company signed a procurement agreement with BYD Supply Chain Company, indicating a long-term partnership to enhance its market competitiveness in the new energy sector[15] - The company has received orders from BYD Supply Chain for various components, indicating ongoing production and supply commitments[15]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥686.97 million, a decrease of 6.41% compared to ¥734.01 million in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥76.76 million, down 9.94% from ¥85.23 million in the previous year[19]. - The net cash flow from operating activities was negative at approximately -¥31.28 million, a significant decline of 188.68% compared to ¥35.28 million in the same period last year[19]. - Basic earnings per share decreased by 39.53% to ¥0.26 from ¥0.43 in the previous year[19]. - The company reported a decrease of 12.47% in net profit after deducting non-recurring gains and losses, amounting to approximately ¥68.26 million[19]. - The weighted average return on net assets was 5.78%, down from 7.84% in the previous year, a decrease of 2.06%[19]. - The company's revenue for the reporting period was approximately ¥686.97 million, a decrease of 6.41% compared to ¥734.01 million in the same period last year[64]. - The company's R&D investment increased by 39.39% to ¥26.95 million, up from ¥19.33 million in the previous year, indicating a strong focus on innovation[64]. - The photovoltaic industry revenue surged by 303.43% to ¥232.73 million, compared to ¥57.69 million in the previous year, highlighting significant growth in this sector[65]. - The company's gross profit margin in the photovoltaic sector was 7.91%, reflecting a 0.72% increase year-on-year despite the substantial revenue growth[67]. Assets and Liabilities - Total assets increased by 9.02% to approximately ¥2.07 billion from ¥1.90 billion at the end of the previous year[19]. - The company's cash and cash equivalents decreased by 37.71% to ¥40.68 million, down from ¥65.30 million, attributed to various operational factors[64]. - The company's accounts receivable increased by 4.34% to ¥447.78 million, up from ¥328.40 million, indicating a growing customer base and sales volume[69]. - The company's fixed assets amounted to ¥377,609,227, representing 18.24% of total assets, a decrease of 1.31% from the previous period[74]. - The company's short-term borrowings were ¥65,056,875, accounting for 3.14% of total liabilities[74]. - The total amount of restricted assets at the end of the reporting period was ¥217,970,643.53, primarily due to bank acceptance bill guarantees and pledges[71]. - The company reported contract liabilities of ¥26,985,911.1, which is 1.30% of total liabilities, an increase of 1.14% from the previous period[74]. - The total investment amount for the reporting period was ¥19,600,000, a decrease of 35.95% compared to ¥30,600,000 in the same period last year[72]. Strategic Initiatives - The company plans to invest in a new production line with an annual capacity of 1.5GW for high-efficiency solar photovoltaic modules, with a daily output of approximately 5,000 pieces[29]. - The company is preparing to invest in a "2GW high-efficiency solar photovoltaic module construction project" through the public issuance of convertible bonds[29]. - The company has established a subsidiary, Fuheng Electric Power, to support the development of photovoltaic power station projects[149]. - The company has acquired 100% of Zhejiang Zheti Electric Co., enhancing its product offerings and market position in the electric motor sector[62]. - The company has acquired several subsidiaries, including New Dunan and Zhejiang Special Motor, to rapidly expand its operational scale and revenue[86]. - The company has established three new subsidiaries, enhancing its profitability and sustainability[82]. Market and Product Development - In the first half of 2022, the company achieved a cumulative installed capacity of 336 million kilowatts in the photovoltaic power generation sector, with new installations of 30.88 million kilowatts[27]. - The company’s products in the home appliance sector, including starters and thermal protectors, maintain a leading market share despite challenges from the pandemic and rising raw material costs[31]. - The company anticipates a recovery in the home appliance manufacturing supply chain and an improving demand trend in the second half of 2022[31]. - The new product lines, such as multifunctional refrigerators and mini washing machines, are expected to drive new growth points for the company[32]. - The company’s micro and special motors are projected to maintain steady growth, supported by increasing demand in various sectors including automotive and home appliances[37]. - The company has developed new photovoltaic components, including 182 half-cell, 540W modules, and is set to mass-produce 210 half-cell modules, which have passed high-standard testing[45]. - The dual-sided photovoltaic components can achieve a back gain of up to 25%, reducing weight by 25% compared to conventional dual-sided components, thus lowering operational costs by 5%[45]. - The company has established a comprehensive quality inspection system with over 40 quality control steps, ensuring that every solar component meets customer requirements[46]. Corporate Governance and Social Responsibility - The company has acknowledged potential risks in its future operations, which investors should be aware of[3]. - The company emphasizes employee rights protection, providing equal development opportunities and a comprehensive compensation performance evaluation system[111]. - The company employs 28% of disabled workers in its subsidiary, promoting social stability and fulfilling its social responsibilities[112]. - The company has established a green enterprise policy and is committed to carbon peak and carbon neutrality goals[113]. - The company has actively engaged in green initiatives, including the installation of rooftop solar panels, contributing to significant green economic benefits[106]. - The company has not faced any administrative penalties for environmental issues during the reporting period[105]. Shareholder and Stock Information - The total number of shares before the recent changes was 204,206,647, with a post-change total of 306,726,509 shares, reflecting a significant increase[156]. - The company repurchased 6,095,826 shares, accounting for 2.78% of the total share capital, with a total transaction amount of approximately 104.95 million yuan[147]. - The company has a total guarantee amount of 35 million yuan, with actual guarantees also totaling 35 million yuan[141]. - The total number of ordinary shareholders at the end of the reporting period is 33,810[169]. - The largest shareholder, Lou Yuegen, holds 28.25% of the shares, totaling 86,639,870 shares[169]. - The second-largest shareholder, Star Smart Investment Co., Ltd., holds 12.68% of the shares, totaling 38,882,070 shares[169]. - The total number of restricted shares at the end of the period is 87,460,343, with 30,510,195 shares released during the period[167]. - The company has a strategic focus on maintaining strong relationships with its major shareholders, including family ties among key individuals[170]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, particularly in the home appliance and elevator sectors, which are closely tied to economic conditions[83]. - The company is expanding its overseas market presence to mitigate local risks and enhance market coverage[83]. - The company has implemented measures to manage raw material price volatility, including optimizing inventory and securing long-term contracts[85]. - The company emphasizes the importance of retaining high-quality management and technical talent amid increasing competition for skilled workers[88].

Financial Performance - The company's operating revenue for 2021 was CNY 1,368,591,964.25, representing a 47.64% increase compared to CNY 926,979,908.77 in 2020[20] - The net profit attributable to shareholders for 2021 was CNY 143,869,029.97, an increase of 33.38% from CNY 107,864,510.68 in 2020[20] - The net profit after deducting non-recurring gains and losses was CNY 128,826,727.87, up 30.72% from CNY 98,549,591.29 in 2020[20] - The net cash flow from operating activities was CNY 141,970,966.70, a 48.70% increase from CNY 95,475,734.82 in 2020[20] - The total assets at the end of 2021 were CNY 1,899,287,543.53, reflecting a 14.13% increase from CNY 1,664,179,515.90 at the end of 2020[20] - The net assets attributable to shareholders at the end of 2021 were CNY 1,221,000,358.15, an 18.10% increase from CNY 1,033,843,456.25 at the end of 2020[20] - The basic earnings per share for 2021 were CNY 0.72, a 30.91% increase from CNY 0.55 in 2020[20] - The diluted earnings per share for 2021 were also CNY 0.72, reflecting the same growth rate as the basic earnings per share[20] - The weighted average return on equity for 2021 was 12.84%, an increase from 11.13% in 2020[20] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares, along with a capital reserve increase of 4 shares for every 10 shares held[5] - The company plans to distribute a cash dividend of 1.50 CNY per 10 shares, totaling 32,242,024.35 CNY, which represents 100% of the distributable profit[181] - The company will increase its share capital by 4 shares for every 10 shares held, resulting in a total share capital of 305,243,387 shares after the increase[183] Investment and Expansion Plans - The company plans to invest CNY 3 billion in a "1GW photovoltaic module project," with the first phase requiring at least CNY 100 million in fixed asset investment[32] - The company aims to leverage its strengths in capital and management to expand into upstream and downstream sectors of the photovoltaic industry[30] - The company plans to achieve approximately 1.8 billion yuan in revenue for 2022, with steady growth in operating profit and net profit expected[116] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million CNY allocated for potential deals[128] - The company is actively exploring strategic acquisitions and investments to support its growth plans[174] Research and Development - Research and development investment grew by 32.32% to 49.19 million yuan, indicating a focus on innovation[71] - The number of R&D personnel increased by 24.03% to 160, with R&D personnel now accounting for 12.46% of the total workforce[88] - The company is investing 100 million CNY in R&D for new technologies in energy-efficient appliances[128] - The company has over 190 patents, including 24 invention patents, demonstrating strong technological reserves and innovation capabilities[61] Market Performance and Trends - Total revenue for the year was approximately CNY 1.46 billion, with a quarterly breakdown of CNY 343.67 million, CNY 390.34 million, CNY 324.59 million, and CNY 309.99 million respectively[24] - The company reported a net cash flow from operating activities of CNY 95.93 million in Q4, contrasting with a negative cash flow of CNY -22.31 million in Q1[24] - The company’s photovoltaic power generation utilization rate was 98% in 2021, remaining stable compared to the previous year[29] - The company aims to focus on the photovoltaic sector, aiming to establish a development model based on home appliances and led by new energy[44] Corporate Governance and Compliance - The company held one shareholders' meeting during the reporting period, ensuring compliance with the procedures for convening and voting, thus protecting the rights of all shareholders, especially minority shareholders[133] - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and finance, maintaining complete operational autonomy[134] - The company has strengthened its internal controls and governance structure in accordance with relevant laws and regulations, enhancing operational compliance and information disclosure[132] - The company has established an independent financial accounting system and has no shared bank accounts with its controlling shareholders[144] Environmental and Social Responsibility - The company is committed to green development and aims to enhance its sustainable profitability while contributing to society and investors[33] - The company actively practices energy conservation and emission reduction, achieving recognition as a green low-carbon factory at both provincial and municipal levels[198] - The company emphasizes the importance of corporate social responsibility, balancing economic and social benefits while adhering to legal operations[199] Employee and Management Structure - The total number of employees at the end of the reporting period was 1,354, with 221 in the parent company and 1,133 in major subsidiaries[176] - The company strictly adhered to the salary policy based on national laws, establishing a performance-oriented reward system to enhance employee welfare[177] - The company has maintained a stable management team with no changes in the board of directors or senior management during the reporting period[150] Risks and Challenges - The company faces risks related to macroeconomic fluctuations and industry demand, which could impact market demand for its products[117] - The main raw materials include PTC chips, silver-copper composite contacts, and stainless steel, with price fluctuations posing risks to operational performance; the company aims to optimize inventory management and leverage brand premium to mitigate these risks[120]