编号：2017001 证券代码：002885 证券简称：京泉华 深圳市京泉华科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------------|----------------------------------------------------------| | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | 民生证券：胡独巍 | | | 人员姓名 | 招商证券：王淑姬 | | | | 华泰证券：郭梁良 | | | | 中信建投：刘文溢、欧阳旭敏 | | | 时间 | 2017 年 11 月 22 日 | 10:00 | | 地点 | 公司一号会议室 | | | 上市公司接待人 | | | | 员姓名 | 董事会秘书：窦晓月女士 | | | 投资者关系活动 | 1 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥675,857,574.01, representing a 24.46% increase compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 was ¥60,365,132.71, a significant increase of 278.96% year-on-year[4]. - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥53,663,774.31, showing a remarkable growth of 4,136.02% compared to the previous year[4]. - For the first nine months of 2022, the total revenue was ¥1,786,887,013.22, which is a 33.56% increase from ¥1,337,918,677.11 in the same period of 2021[9]. - Total operating revenue for the period reached ¥1,786,887,013.22, an increase of 33.4% compared to ¥1,337,918,677.11 in the previous period[26]. - Operating profit for the period was ¥120,345,665.70, significantly up from ¥18,854,597.02 in the previous period, marking a growth of 538.5%[26]. - Net profit attributable to shareholders of the parent company was ¥115,284,474.35, compared to ¥20,217,551.17 in the previous period, reflecting an increase of 470.5%[26]. - Total comprehensive income for the period attributable to the parent company was CNY 117,056,437.04, compared to CNY 18,267,062.54 in the previous period, indicating a significant increase[27]. - Basic and diluted earnings per share increased to CNY 0.6424 from CNY 0.1123, reflecting improved profitability[27]. Cash Flow and Liquidity - The company's cash flow from operating activities for the first nine months of 2022 was -¥75,486,824.05, an improvement of 37.43% compared to -¥120,652,462.26 in the previous year[9]. - Net cash flow from operating activities was negative at CNY -75,486,824.05, an improvement from CNY -120,652,462.26 in the previous period[29]. - Cash inflow from operating activities totaled CNY 1,616,616,226.38, up from CNY 1,198,594,924.97 year-on-year[28]. - Cash outflow from operating activities increased to CNY 1,692,103,050.43 from CNY 1,319,247,387.23, indicating higher operational costs[29]. - Cash flow from financing activities generated a net inflow of CNY 157,771,037.47, significantly higher than CNY 14,344,794.23 in the previous period[29]. - The ending balance of cash and cash equivalents increased to CNY 184,569,699.53 from CNY 127,929,827.06, showing improved liquidity[29]. - The company reported a foreign exchange impact on cash and cash equivalents of CNY 11,355,735.88, compared to a negative impact of CNY -3,994,643.52 in the previous period[29]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥2,406,870,945.22, reflecting a 28.72% increase from the previous year-end[4]. - Total assets increased to ¥2,406,870,945.22 from ¥1,869,861,010.14, representing a growth of 28.6%[25]. - Total liabilities rose to ¥1,508,961,242.87, up from ¥1,060,436,590.80, indicating an increase of 42.2%[25]. - Current assets totaled ¥1,803,872,004.20, a rise of 34.1% from ¥1,344,304,230.07[25]. - Cash and cash equivalents increased to ¥299,859,487.29 from ¥198,393,851.59, showing a growth of 50.9%[25]. - Inventory levels rose to ¥593,629,772.24, up from ¥407,909,055.30, reflecting an increase of 45.5%[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,840[13]. - The top shareholder, Shenzhen Yuan Zhi Fu Hai High-tech Investment Enterprise, holds 14.57% of shares, totaling 26,220,766 shares[14]. - The company has not disclosed any relationships or concerted actions among the top ten unrestricted shareholders[14]. - The company has not provided any special notes regarding the repurchase accounts among the top ten shareholders[14]. Capital Raising and Incentives - The company plans to raise up to 435.5 million RMB through a non-public offering of A-shares, not exceeding 30% of the total share capital prior to the issuance[15]. - The non-public offering is intended to fund the intelligent manufacturing project for new energy magnetic components and to supplement working capital[15]. - The company has approved a stock incentive plan, granting 1,445,000 restricted stocks at a price of 15.04 RMB per share to 92 selected participants[19]. - The first employee stock ownership plan aims to raise up to 12.67 million RMB, with a maximum of 12.67 million shares available for subscription[20]. - The shares for the employee stock ownership plan will come from the company's repurchased shares, totaling up to 1,545,550 shares, representing 0.86% of the total share capital[21]. - The company is currently awaiting approval from the China Securities Regulatory Commission for the non-public offering[17]. Expenses - The company reported a significant increase in sales expenses, which rose by 136.03% to ¥39,191,288.55 due to expanded sales scale and increased e-commerce marketing costs[9]. - Research and development expenses were ¥65,211,736.01, slightly up from ¥64,379,826.51, indicating a focus on innovation[26]. - The company reported a significant decrease in financial expenses, with a net financial income of ¥18,733,537.39 compared to an expense of ¥12,138,590.32 in the previous period[26]. Audit and Reporting - The company did not undergo an audit for the third quarter report[30].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,111,029,439.21, representing a 39.77% increase compared to CNY 794,877,672.49 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 54,919,341.64, a significant increase of 1,180.62% from CNY 4,288,508.76 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 42,813,523.67, compared to a loss of CNY 4,476,706.91 in the same period last year, marking a 1,056.36% improvement[21]. - The basic earnings per share increased to CNY 0.3060, up 1,185.71% from CNY 0.0238 in the previous year[21]. - The company's revenue for the reporting period reached ¥1,111,029,439.21, representing a year-on-year increase of 39.77% compared to ¥794,877,672.49 in the same period last year, primarily due to increased product sales[38]. - The gross profit margin for electronic components was 11.88%, with revenue of ¥1,069,092,937.43 and cost of sales amounting to ¥942,099,701.67, reflecting a 1.02% increase in gross margin compared to the previous year[41]. - The company reported a net profit of CNY 400,467,038.72 for the first half of 2022, compared to CNY 350,901,330.58 in the same period last year, an increase of 14.1%[121]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,143,677,584.71, reflecting a 14.64% increase from CNY 1,869,861,010.14 at the end of the previous year[21]. - The total liabilities of the company were CNY 1,624,620,000.00, with current liabilities accounting for a significant portion[120]. - The company's total assets included cash and cash equivalents of ¥246,713,513.14, representing 11.51% of total assets, an increase from 10.61% in the previous year[44]. - The company's long-term borrowings decreased significantly to ¥10,470,000.00 from ¥42,129,817.66 in the previous year, reflecting a repayment of debt during the reporting period[44]. - The total liabilities increased to CNY 1,308,111,721.64 from CNY 1,060,436,590.80, marking a rise of 23.4%[121]. Cash Flow - The company reported a net cash flow from operating activities of CNY 44,846.95, a turnaround from a negative cash flow of CNY 101,302,463.24 in the previous year[21]. - The net cash flow from operating activities improved significantly to ¥44,846.95, a 100.04% increase from a negative cash flow of ¥101,302,463.24 in the previous year, primarily due to increased sales collections[38]. - The company reported a net increase in cash and cash equivalents of ¥34,244,091.88, a 131.92% improvement from a decrease of ¥107,294,306.53 in the same period last year, attributed to increased sales collections and reduced debt repayments[38]. - The company's operating cash flow for the first half of 2022 was CNY 44,846.95, a significant improvement from a negative cash flow of CNY 101,302,463.24 in the same period of 2021[131]. Investment and R&D - Research and development expenses increased by 2.16% to ¥42,579,952.29, compared to ¥41,680,661.63 in the previous year, indicating a continued investment in innovation[38]. - The company has established long-term stable partnerships with several Fortune 500 companies, ensuring a steady stream of orders and growth potential[34]. - The company has increased its investment in automated intelligent manufacturing and modular product platforms to enhance competitiveness amid intensifying market competition[54]. Market and Product Strategy - The company focuses on the electronic manufacturing industry, providing solutions for magnetic components and power products, with a commitment to improving quality of life through technology[29]. - The product lines include high-frequency components, 5G magnetic components, automotive magnetic devices, power adapters, chargers, and custom power solutions, among others[30]. - The company maintains a diversified product line covering photovoltaic, energy storage, new energy vehicles, and consumer electronics, providing one-stop solutions for clients[36]. - The company’s market strategy is driven by technological innovation, with a focus on developing products that meet market demands and enhance customer satisfaction[33]. Risk Management - The management highlighted potential risks and countermeasures in the future operations, urging investors to remain aware of these risks[5]. - The company faced significant market risks due to the competitive nature of the industry and potential fluctuations in customer orders[54]. - The average proportion of direct materials in total costs was high, making the company vulnerable to price fluctuations of key raw materials like copper and silicon steel[54]. - The company reported a risk of exchange rate fluctuations affecting its export business, as it primarily uses foreign currency for transactions[55]. Shareholder Information - The company reported a total share capital of 180,000,000 shares, with 34.21% held as restricted shares before the change and 38.46% after the change[96]. - The company repurchased a total of 1,399,550 shares, accounting for approximately 0.7775% of the total share capital, with a total transaction amount of 22,994,969.50 yuan[98]. - The total number of ordinary shareholders at the end of the reporting period is 16,119[102]. - The largest shareholder, Shenzhen Yuan Zhi Fu Hai High-tech Investment Enterprise, holds 14.57% of the shares, totaling 26,220,766 shares[102]. Compliance and Governance - The financial statements were approved by the board of directors on July 26, 2022, ensuring compliance with regulatory requirements[156]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[65]. - The company has maintained a good integrity status with no unfulfilled court judgments or significant overdue debts[76]. - The semi-annual financial report has not been audited[71].

Financial Performance - The company's operating revenue for 2021 was CNY 1,909,574,153.54, representing a 45.35% increase compared to CNY 1,313,750,643.23 in 2020[19] - The net profit attributable to shareholders for 2021 was CNY 19,928,319.96, a decrease of 39.24% from CNY 32,797,770.81 in 2020[19] - The net profit after deducting non-recurring gains and losses was CNY -17,749,355.71, a decline of 610.11% compared to CNY 3,479,530.10 in 2020[19] - The net cash flow from operating activities was CNY -131,261,616.68, down 229.90% from CNY 101,045,399.08 in 2020[19] - The basic earnings per share for 2021 was CNY 0.1107, a decrease of 38.50% from CNY 0.1800 in 2020[19] - Total assets at the end of 2021 were CNY 1,869,861,010.14, an increase of 14.81% from CNY 1,628,676,179.23 at the end of 2020[19] - The net assets attributable to shareholders at the end of 2021 were CNY 813,096,567.23, a slight increase of 1.32% from CNY 802,472,560.88 at the end of 2020[19] Cash Flow and Investments - The company reported a significant decline in cash flow and profitability, indicating potential challenges in sustaining operations[19] - The net cash flow from operating activities turned negative at -131,261,616.68 CNY in 2021, a decrease of 229.90% from a positive 101,045,399.08 CNY in 2020[60] - Investment cash inflow decreased by 16.14% to 119,217,423.31 CNY in 2021, while investment cash outflow dropped significantly by 59.63% to 93,459,403.29 CNY[61] - The net cash flow from financing activities increased by 176.38% to 30,480,277.86 CNY in 2021, primarily due to reduced cash outflow for debt repayment[61] Revenue Segmentation - The electronic components segment generated ¥1,831,977,147.67, accounting for 95.94% of total revenue, with a year-on-year growth of 44.50%[47] - The special transformers segment saw a significant increase in revenue, rising by 149.14% to ¥582,247,555.00, compared to ¥233,699,267.52 in 2020[47] - Domestic sales amounted to ¥1,087,598,781.49, a 21.38% increase from ¥669,944,231.33, while overseas sales grew by 70.30% to ¥821,975,372.05[47] Research and Development - Research and development expenses increased by 39.48% to ¥90,727,237.26, reflecting the company's commitment to innovation[56] - The company holds 32 invention patents, 155 utility model patents, and 41 design patents, demonstrating strong R&D capabilities[42] - The total number of R&D personnel increased by 4.44% from 405 in 2020 to 423 in 2021, with a notable rise in the number of PhD holders[58] Market Opportunities and Industry Trends - The global demand for electronic transformers is expected to reach approximately 16.6 billion units by 2024, with a market value of around ¥633 billion[31] - The photovoltaic industry is projected to see a compound annual growth rate of 13.3% in new installed capacity in China by 2025, reaching 90 GW under conservative estimates[34] - The company has identified opportunities in the photovoltaic and new energy vehicle sectors, which are aligned with national development strategies[34] Corporate Governance and Compliance - The company maintains a strict separation from its controlling shareholders in terms of business operations, assets, personnel, and finances, ensuring complete independence[90] - The company has established an independent financial department with a complete financial accounting system, allowing for independent financial decision-making[91] - The governance structure includes a board of directors, supervisory board, and various committees to ensure effective decision-making and oversight[146] Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares (including tax) to all shareholders[4] - The total distributable profit at the end of the reporting period was CNY 350.90 million, after accounting for retained earnings and dividends paid[132] - The cash dividend distribution accounted for 100% of the total profit distribution[132] Risk Management - The company faces risks from market competition and potential order reductions due to economic fluctuations[80] - The company is enhancing its risk management strategies to mitigate the impact of raw material price volatility and exchange rate fluctuations[81] Employee and Talent Management - The total number of employees at the end of the reporting period was 3,787, with 1,276 in the parent company and 1,342 in major subsidiaries[124] - The company emphasizes employee rights protection, offering competitive salary and benefits, including "five insurances and one fund," paid leave, and performance-based compensation[127] - The training plan for 2022 focuses on aligning with company strategy, enhancing key talent development, and improving employee skills through various training methods[128] Environmental and Social Responsibility - The company actively responded to national environmental policies and implemented measures to reduce carbon emissions, adhering to green development principles[143] - The company maintains a commitment to social responsibility, focusing on creating value for shareholders, employees, customers, and society[144] Strategic Initiatives and Future Outlook - The company plans to expand its market presence and is focusing on new product development to enhance its competitive edge[100] - Future guidance indicates a positive outlook with expected revenue growth driven by new technology advancements and market expansion strategies[100] - The company is focused on enhancing asset operation efficiency through strategic investments and expansions in key regions[190]

Financial Performance - The company's revenue for Q1 2022 was ¥453,704,335.47, representing a 30.92% increase compared to ¥346,543,645.92 in the same period last year[3] - Net profit attributable to shareholders was ¥10,287,717.01, a significant turnaround from a loss of ¥6,657,699.89, marking a 254.52% increase[3] - Basic earnings per share rose to ¥0.0572, compared to a loss of ¥0.04 per share in the same period last year, representing a 243.00% increase[3] - Total operating revenue for Q1 2022 was CNY 453.70 million, an increase of 30.9% compared to CNY 346.54 million in Q1 2021[17] - Net profit for Q1 2022 reached CNY 9.28 million, a significant turnaround from a net loss of CNY 6.27 million in Q1 2021[18] - Total comprehensive income for Q1 2022 was CNY 8.63 million, compared to a loss of CNY 5.61 million in Q1 2021[18] Cash Flow and Operating Activities - The net cash flow from operating activities improved to ¥12,329,855.98, compared to a negative cash flow of ¥26,693,638.73 in the previous year, reflecting a 146.19% increase[3] - The company reported a net cash flow from operating activities of CNY 12.33 million, compared to a negative cash flow of CNY 26.69 million in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,923,702,096.80, up 2.88% from ¥1,869,861,010.14 at the end of the previous year[3] - The company's total liabilities amount to 1,109,638,287.25 RMB, compared to 1,060,436,590.80 RMB at the beginning of the year[16] - Current assets total 1,401,167,720.46 RMB, up from 1,344,304,230.07 RMB at the beginning of the year[15] - Cash and cash equivalents at the end of the reporting period are 260,620,754.66 RMB, an increase from 198,393,851.59 RMB at the beginning of the year[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,702[10] - The top shareholder, Zhang Lipin, holds 19.93% of shares, totaling 35,874,799 shares[10] - The company repurchased a total of 326,000 shares, accounting for approximately 0.1811% of the total share capital, with a total transaction amount of 5,251,590 RMB[12] Expenses and Costs - The company reported a significant increase in sales expenses, which rose by 72.78% to ¥12,011,196.56, attributed to expanded market efforts[7] - Total operating costs for Q1 2022 were CNY 447.95 million, up from CNY 358.08 million in the same period last year, reflecting a 25.1% increase[17] - The company incurred R&D expenses of CNY 19.21 million, slightly down from CNY 19.51 million in Q1 2021[17] - The company’s financial expenses increased to CNY 3.94 million in Q1 2022 from CNY 1.62 million in Q1 2021, primarily due to higher interest expenses[17] Tax and Investment Income - The company experienced a 496.72% increase in taxes payable, amounting to ¥7,515,474.40, due to a rise in the balance of value-added tax payable[7] - The company reported a decrease in investment income by 97.41%, down to ¥153,497.27, mainly due to reduced gains from foreign exchange forward contracts[7] Inventory and Receivables - Accounts receivable decreased to 547,079,193.33 RMB from 643,668,304.88 RMB at the beginning of the year[14] - Inventory increased to 511,410,586.22 RMB from 407,909,055.30 RMB at the beginning of the year[14] Return on Equity - The weighted average return on equity increased to 1.26%, compared to -0.83% in the same period last year, an improvement of 2.09%[3] - The total equity attributable to shareholders of the parent company is 818,747,619.22 RMB, slightly up from 813,096,567.23 RMB at the beginning of the year[16]

证券代码：002885 证券简称：京泉华 公告编号：2021-054 深圳市京泉华科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1 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。 证券代码：002885 证券简称：京泉华 公告编号：2021-054 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信 息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 543,041,004.62 | 47.23% | 1,337,918,6 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥794,877,672.49, representing a 41.23% increase compared to ¥562,814,677.31 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 86.37% to ¥4,288,508.76 from ¥31,469,903.43 year-on-year[19]. - The net cash flow from operating activities was negative at ¥101,302,463.24, a decline of 267.52% compared to ¥60,470,165.47 in the previous year[19]. - The total assets at the end of the reporting period increased by 7.87% to ¥1,756,801,916.76 from ¥1,628,676,179.23 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 0.61% to ¥797,610,548.05 from ¥802,472,560.88 at the end of the previous year[19]. - The basic earnings per share dropped by 86.38% to ¥0.0238 from ¥0.1748 in the same period last year[19]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of ¥4,476,706.91 compared to a profit of ¥24,710,883.00 in the previous year, marking a decrease of 118.12%[19]. - The weighted average return on net assets fell to 0.53% from 3.96% year-on-year, a decrease of 3.43 percentage points[19]. - The company reported a total revenue of 8,765,215.67 million CNY for the first half of 2021[24]. - The revenue from electronic components accounted for 97.66% of total revenue, amounting to ¥776,265,084.23, with a year-on-year growth of 41.94%[46]. - The company reported a net increase in cash and cash equivalents of -¥107,294,306.53, a significant increase of 1,024.27% compared to -¥9,543,493.61 in the previous year[47]. - The company reported a total comprehensive income of CNY 14,124,262.52 for the current period, which includes a profit distribution of CNY -6,296,285.56 to shareholders[159]. Operational Highlights - The company focuses on the electronic manufacturing industry, providing solutions for magnetic components and power products[27]. - The company has developed new products in the smart power category, which is part of its customized power solutions[27]. - The company emphasizes the importance of high-frequency technology in electronic transformers to meet the demands of miniaturization in electronic products[32]. - The company adheres to a business philosophy focused on improving the quality of life through advanced electronic products[27]. - The company has accumulated 30 invention patents, 138 utility model patents, and 41 design patents, showcasing strong R&D capabilities[38]. - The company maintains long-term stable partnerships with several Fortune 500 companies, ensuring a steady order flow and growth potential[40]. - The company emphasizes technological innovation as a core driver for business upgrades, focusing on market demand in product development[37]. - The company has established a two-integration management system to enhance product quality and market competitiveness[41]. - The company has implemented an information technology platform, integrating various management systems to improve operational efficiency and decision-making[41]. - The company has developed a design platform for automotive-grade electromagnetic components and various structural models for electromagnetic components[38]. Market and Industry Outlook - The global demand for electronic transformers is expected to reach approximately 16.6 billion units by 2024, with a market size of about 63.3 billion CNY[32]. - China's cumulative installed capacity for photovoltaic power generation is projected to reach 805.2 GW by 2025, with a compound annual growth rate of 26.9% from 2021 to 2025[33]. - The company is positioned to benefit from the growing demand in the new energy vehicle sector, with sales expected to reach 5.3 million units by 2025[34]. - The 5G industry is projected to create an economic output of 13.2 trillion USD globally by 2035, significantly contributing to various sectors[35]. Financial Risks and Challenges - The company faces market risks due to industry competition and potential fluctuations in customer orders, which could impact market share and profitability[64]. - Major raw material price fluctuations, particularly for copper and silicon steel, pose risks to production costs and gross margins[64]. - The company is exposed to exchange rate fluctuations, which can affect export pricing competitiveness and result in exchange losses[65]. - Rising labor costs in the technology and labor-intensive industry may lead to increased operating costs and potential profit declines if revenue growth slows[65]. - The company plans to expand its overseas market presence, particularly in Southeast Asia, Europe, and North America, but faces uncertainties related to local political and economic conditions[65]. Shareholder and Equity Information - The company plans to repurchase shares with a total fund not exceeding RMB 40 million and not less than RMB 20 million, with a maximum price of RMB 18.65 per share[106]. - As of June 30, 2021, the company has repurchased a total of 106,000 shares, approximately 0.059% of the total share capital, with a total transaction amount of RMB 1,265,112[107]. - The company’s executives have locked 75% of their shares as per regulations, ensuring stability in shareholding[105]. - The total number of common shareholders at the end of the reporting period is 21.561 million[109]. - The largest shareholder, Zhang Lipin, holds 19.93% of the shares, totaling 35,874,799 shares[111]. - The total number of unrestricted shares increased from 98,977,506 (54.99%) to 118,413,013 (65.79%) after an increase of 19,435,507 shares[104]. Compliance and Governance - The half-year financial report was not audited, indicating that the financial results are unaudited[80]. - The company has no significant litigation or arbitration matters during the reporting period[83]. - The integrity status of the company and its controlling shareholders is good, with no unfulfilled legal obligations or significant overdue debts[84]. - The company has engaged in wealth management with a total amount of 30 million CNY in bank financial products, with no overdue amounts[97]. - The company has no major guarantees or other significant contracts during the reporting period[96][99]. - The financial statements were approved by the board of directors on August 26, 2021[166]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect its financial position accurately[171]. Accounting Policies and Practices - The company’s accounting policies include specific methods for inventory valuation and recognition of revenue, tailored to its operational characteristics[170]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[177]. - The company recognizes foreign exchange differences in profit or loss unless related to capitalizable assets[189]. - Financial assets are classified into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[192].

Financial Performance - The company's operating revenue for Q1 2021 was ¥346,543,645.92, representing a 51.92% increase compared to ¥228,116,706.68 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥6,657,699.89, a decrease of 207.60% from a profit of ¥6,187,240.49 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥9,532,447.70, down 260.32% from ¥5,945,947.04 in the same period last year[7] - The total operating revenue for the first quarter of 2021 was CNY 346,543,645.92, compared to CNY 228,116,706.68 in the same period last year, indicating a significant increase[35] - The total comprehensive income for Q1 2021 was a loss of CNY 5,607,378.11, compared to a profit of CNY 5,954,437.00 in Q1 2020[38] - Net profit for Q1 2021 was a loss of CNY 6,274,477.55, compared to a profit of CNY 5,583,049.62 in Q1 2020, indicating a significant decline in profitability[37] Cash Flow - The net cash flow from operating activities was a negative ¥26,693,638.73, a decline of 144.23% compared to ¥60,346,202.01 in the previous year[7] - The total cash inflow from operating activities was CNY 428,284,301.35, an increase from CNY 372,603,195.28 in the previous period, representing a growth of approximately 15.0%[45] - The net cash outflow from operating activities was CNY -26,693,638.73, compared to a net inflow of CNY 60,346,202.01 in the previous period, indicating a significant decline in operational cash flow[45] - Cash received from sales of goods and services amounted to CNY 392,229,604.32, up from CNY 361,155,274.89, reflecting an increase of about 8.5%[43] - The company received tax refunds amounting to CNY 26,451,859.59, significantly higher than CNY 4,122,483.02 in the previous period, representing an increase of about 541.5%[43] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,636,984,625.87, an increase of 0.51% from ¥1,628,676,179.23 at the end of the previous year[7] - The total liabilities increased to CNY 842,610,577.79 from CNY 827,738,750.84, reflecting a rise in short-term borrowings and accounts payable[29] - The total owner's equity was CNY 800,937,428.39, with a capital reserve of CNY 240,567,599.06[52] - The company's total assets were CNY 1,649,201,677.05 as of January 1, 2021, showing an increase of CNY 20,525,497.82[52] - The total liabilities increased by CNY 20,525,497.82 due to the adjustment from the new leasing standard[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,157[11] - The basic and diluted earnings per share were both -¥0.04, a decrease of 233.33% from ¥0.03 in the same period last year[7] - The equity attributable to shareholders of the parent company was CNY 795,525,958.23, down from CNY 802,472,560.88[30] Expenses and Investments - The company's gross profit margin decreased due to rising material costs, with operating costs increasing by 63.40% to RMB 314,641,145.48[15] - Research and development expenses rose by 60.94% to RMB 19,511,561.03, reflecting increased investment in R&D[15] - The company reported a significant increase in investment income, which surged by 1605.13% to RMB 5,918,217.94, mainly due to the settlement of foreign exchange forward contracts[15] - The company incurred financial expenses of CNY 1,617,729.38 in Q1 2021, compared to a financial income of CNY -425,322.83 in Q1 2020[36] Inventory and Receivables - The inventory increased to CNY 212,197,770.12 from CNY 180,603,074.53, indicating potential growth in production or sales[30] - The accounts receivable decreased to CNY 500,869,865.27 from CNY 548,044,555.60, showing improved collection efficiency[30] - The balance of receivables financing increased by 36.85% to RMB 51,779,588.49, driven by increased sales[15]

Financial Performance - The company's operating revenue for 2020 was CNY 1,313,750,643.23, a decrease of 1.43% compared to CNY 1,332,821,585.18 in 2019[14]. - The net profit attributable to shareholders for 2020 was CNY 32,797,770.81, down 37.01% from CNY 52,064,135.20 in 2019[14]. - The net profit after deducting non-recurring gains and losses was CNY 3,479,530.10, a significant decline of 93.23% compared to CNY 51,413,079.98 in 2019[14]. - The net cash flow from operating activities increased by 60.48% to CNY 101,045,399.08 from CNY 62,964,527.62 in 2019[14]. - The total assets at the end of 2020 were CNY 1,628,676,179.23, reflecting a growth of 5.78% from CNY 1,539,627,931.75 at the end of 2019[14]. - The net assets attributable to shareholders increased by 2.83% to CNY 802,472,560.88 from CNY 780,392,687.16 at the end of 2019[14]. - The basic earnings per share for 2020 were CNY 0.18, a decrease of 37.93% from CNY 0.29 in 2019[14]. - The weighted average return on equity was 4.14%, down from 6.86% in 2019, indicating a decline of 2.72%[14]. - The company's operating profit was CNY 30.20 million, down 42.58% year-on-year, while total profit decreased by 42.33% to CNY 29.92 million[58]. - Net profit attributable to shareholders was CNY 32.80 million, reflecting a decline of 37.01% compared to the previous year[58]. Revenue and Sales - In Q1 2020, the company's operating revenue was approximately CNY 228.12 million, increasing to CNY 382.11 million in Q4 2020, representing a growth of 67.5% over the year[19]. - The electronic components segment generated CNY 1,276.30 million, representing 97.15% of total revenue, while the power supply segment saw a 33.87% increase in revenue to CNY 485.61 million[64]. - Domestic sales accounted for 49.01% of total revenue, while overseas sales made up 50.99%, indicating a balanced market presence[64]. - Revenue from power supplies increased by 33.87% year-over-year to approximately ¥485.61 million, with a gross margin of 15.76%, down 2.53%[66]. - The company sold 119,627,636 electronic components, a slight decrease of 0.84% compared to the previous year, while production increased by 0.26%[68]. Research and Development - The company holds 29 invention patents, 107 utility model patents, and 25 design patents, indicating strong R&D capabilities[45]. - The company plans to increase R&D investment to enhance core competitiveness and expand business scale in the coming years[60]. - R&D expenses increased by 14.03% to approximately ¥65.05 million, reflecting the company's commitment to innovation[74]. - The company is developing several new products, including a PCB AC-DC transformer and a new type of high-voltage direct current transformer, to meet market demands[76][77]. Market Outlook and Strategy - The global demand for electronic transformers is projected to recover, with an estimated demand of 166 billion units and a market size of approximately CNY 633 billion by 2024[34]. - The photovoltaic market in China is expected to grow significantly, with a projected cumulative installed capacity reaching 805.2 GW by 2025, driven by strong government policies[36]. - The company is committed to developing products related to clean energy and new energy vehicles, aligning with national strategies to promote sustainable development[25]. - The company aims to expand into new energy automotive magnetic devices, 5G communication, and large power storage systems[98]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.35 per 10 shares to all shareholders[4]. - The cash dividend payout ratio for 2020 is 19.21%, compared to 17.29% in 2019 and 11.29% in 2018, indicating a consistent increase in dividend distribution relative to net profit[115]. - The total cash dividend amount for 2020 is CNY 6,300,000, which is fully allocated from the distributable profit[115]. - The company has maintained a commitment to return profits to shareholders while sharing the results of its rapid business growth[117]. Operational Efficiency - The implementation of an integrated information management system has improved operational efficiency and financial transparency[55]. - The company has established a "three-in-one" management approach focusing on IT, automation, and professional personnel to enhance operational effectiveness[51]. - The company reported a significant decrease in investment activities, with total investment amounting to ¥75,726,542.20, a 49.16% decline compared to the previous year[90]. Corporate Governance and Compliance - The company has not experienced any significant changes in its business or product offerings during the reporting period[70]. - The company has not faced any delisting situations following the annual report disclosure[132]. - The company has committed to protecting shareholder rights through various measures, including timely disclosures and compensations if commitments are not fulfilled[125]. - The company has a diverse board of directors with a mix of independent and executive members, ensuring a balanced governance structure[196]. Employee Engagement and Welfare - The company has a dedicated training center for employee development, focusing on enhancing professional and management skills through qualification assessments and targeted training[165]. - The company has implemented an employee welfare program, including a love fund for emergencies and various recreational facilities, to enhance employee satisfaction[168]. - The company maintains a differentiated compensation mechanism based on performance, providing various benefits such as social insurance and housing subsidies to employees[164]. Environmental Responsibility - The company has adopted the ISO14001 environmental management system and focuses on energy conservation and emission reduction as part of its sustainable development strategy[169]. - The company emphasizes environmental protection and has integrated energy-saving measures into its production processes[169].