Financial Performance - The company's operating revenue for Q3 2022 was CNY 208,515,104.86, a decrease of 16.78% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was CNY 29,265,219.31, down 8.12% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 28,252,173.39, a decrease of 4.45% compared to the same period last year[4] - Total operating revenue for the third quarter was CNY 668,750,513.69, a decrease of 2.5% compared to CNY 686,466,319.22 in the same period last year[21] - Net profit for the quarter was CNY 83,845,462.48, a decline of 4.2% from CNY 87,307,570.77 year-over-year[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,501,297,128.20, an increase of 7.94% from the end of the previous year[4] - As of September 30, 2022, total assets amounted to CNY 1,501,297,128.20, an increase from CNY 1,390,905,005.45 at the beginning of the year, reflecting a growth of approximately 8%[16] - Current assets totaled CNY 1,140,238,614.86, up from CNY 1,056,697,447.47 at the start of the year, indicating an increase of about 7.9%[17] - The company’s total liabilities increased to CNY 438,719,501.61, indicating a rise in financial obligations[18] - The company reported a total liability of CNY 457,635,181.70, an increase from CNY 400,606,815.57, indicating a rise in financial obligations[22] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 32,249,775.33, a significant increase of 3,673.05%[4] - The net cash flow from operating activities for Q3 2022 was ¥32,249,775.33, a significant improvement from a negative cash flow of ¥902,583.10 in Q3 2021[26] - Total cash inflow from operating activities amounted to ¥646,309,241.98, compared to ¥603,368,458.22 in the same period last year, reflecting a year-over-year increase of approximately 7.5%[26] - Cash outflow from operating activities was ¥614,059,466.65, slightly up from ¥604,271,041.32 in Q3 2021, resulting in a net cash flow of ¥32,249,775.33[26] Investments - The investment income for the year-to-date was CNY 7,050,148.65, an increase of 279.37% compared to the previous year[8] - The net cash flow from investing activities was -¥44,810,502.35, an improvement from -¥54,203,619.26 in Q3 2021[26] - Cash inflow from investing activities totaled ¥192,004,224.00, significantly higher than ¥51,935,965.57 in the previous year, indicating a strong increase in investment returns[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,574[10] - The total equity attributable to shareholders reached CNY 976,938,947.66, up from CNY 924,099,919.03, showing growth in shareholder value[22] Research and Development - Research and development expenses increased to CNY 36,348,586.82, up 21.2% from CNY 29,981,746.41, reflecting a commitment to innovation[22] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[22]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 460,235,408.83, representing a 5.58% increase compared to CNY 435,901,643.69 in the same period last year[20]. - The net profit attributable to shareholders was CNY 49,155,515.18, up 7.56% from CNY 45,702,170.35 year-on-year[20]. - Basic earnings per share increased by 10.00% to CNY 0.22 from CNY 0.20 in the same period last year[20]. - The net profit after deducting non-recurring gains and losses was CNY 47,634,544.30, a 9.70% increase from CNY 43,423,721.35 year-on-year[20]. - The total comprehensive income for the period was CNY 54,528,598.43, compared to CNY 52,382,185.57 in the same period last year, marking a 4.1% increase[175]. - The company reported a total profit of CNY 57,834,595.40, compared to CNY 55,848,984.87 in the first half of 2021, indicating a growth of 3.5%[174]. - The company's total revenue for the industrial sector reached ¥460,235,408.83, representing a year-on-year increase of 33.19%[67]. - The revenue from power electrical products was ¥109,329,889.50, with a growth rate of 57.03% compared to the previous year[67]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 18,558,595.57, a 192.83% increase from a negative CNY 19,991,799.67 in the previous year[20]. - The company's investment activities generated a net cash flow of -¥71,828,520.16, a 75.80% increase in outflow due to accelerated investment in fundraising projects[63]. - Cash inflow from investment activities increased significantly to CNY 118,646,735.91 in the first half of 2022, up from CNY 50,217,884.34 in the first half of 2021[182]. - The ending cash and cash equivalents balance decreased to CNY 43,377,975.75 in the first half of 2022 from CNY 124,877,870.85 in the first half of 2021[182]. Research and Development - The company has increased its R&D investment, particularly in 5G communication, rail transit, smart grids, and new energy charging stations, to drive growth[30]. - The company's R&D investment increased by 31.45% to ¥26,286,592.71, up from ¥19,997,750.77, reflecting a commitment to innovation[63]. - The company is focusing on enhancing its research and development capabilities to innovate and improve its product offerings[186]. - The company has initiated research and development for new technologies aimed at enhancing operational efficiency and product offerings[189]. Product Development and Innovation - The company operates in the medium and low voltage distribution industry, focusing on smart distribution products and solutions for systems below 35kV[31]. - The company has launched the TYT FUTURE smart distribution management cloud platform, which integrates various smart distribution products to meet market demands[31]. - The company has developed a complete product line for substations, distribution, end-use, and charging, making it one of the few in the industry with such comprehensive offerings[29]. - The company has launched solid-state circuit breakers, leading the industry in innovation, particularly in the renewable energy sectors like wind and solar power[39]. Market Position and Strategy - The company is positioned to benefit from the increasing demand for medium and low voltage distribution products due to ongoing infrastructure projects and the growth of the green economy[29]. - The company plans to continue expanding its market presence and investing in new product development[77]. - The company has been recognized as one of the first "specialized and innovative" small giant enterprises by the Ministry of Industry and Information Technology since 2019, reflecting its strong R&D capabilities[55]. - The company emphasizes a high-end brand strategy and has achieved import substitution in various public infrastructure projects, enhancing its market position[54]. Risk Management - The company has identified potential risks in its operations and outlined corresponding countermeasures in the report[4]. - The company faced operational risks due to fluctuations in the macroeconomic environment and the impact of the COVID-19 pandemic, which affected market demand and procurement costs[89]. - The company plans to diversify its business structure by increasing efforts in the new energy vehicle, power grid, 5G communication, and industrial sectors to mitigate risks from the real estate market downturn[90]. Corporate Governance and Social Responsibility - The company emphasizes social responsibility and sustainable development, integrating these principles into its operations and striving for harmony among stakeholders[103]. - The company has established an environmental management system in compliance with ISO standards, focusing on effective waste management and energy conservation[107]. - The company established a special charity fund to provide assistance to needy groups in the western region, including education support and disaster relief[108]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[116]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the half-year period, and its total share capital was reduced to 223,209,090 shares following the repurchase and cancellation of certain stock options and restricted shares[97][99]. - The total number of shares decreased from 223,355,600 to 223,209,090, a reduction of 146,510 shares, representing a 0.07% decrease in total share capital[142]. - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., holds 54.36% of the shares, totaling 121,328,480 shares[150]. - The company has no significant changes in shareholder equity or related matters during the reporting period[136].

证券代码：002927 证券简称：泰永长征 公告编号：2022-024 1 贵州泰永长征技术股份有限公司 关于举办 2021 年度业绩说明会暨投资者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、完整，没有虚假 记载、误导性陈述或重大遗漏。 贵州泰永长征技术股份有限公司（以下简称"公司"）已于2022年4月22日 在巨潮资讯网（www.cninfo.com.cn）上披露了《2021年年度报告》及《2021年年 度报告摘要》。为促进公司规范运作、健康发展，增强公司信息透明度，加强与 广大投资者沟通交流，进一步提升投资者关系管理水平，贵州证监局、贵州证券 业协会联合深圳市全景网络有限公司，将于2022年5月13日09:30-11:30在"全景 路演"（http://rs.p5w.net）举办"2021年度贵州辖区上市公司业绩说明会暨投资 者集体接待日活动"。 出席本次活动人员有：董事长、总经理黄正乾先生，董事、副总经理贺贵兵 先生，董事会秘书、财务负责人韩海凤女士，独立董事刘善敏先生。 为充分尊重投资者、提升交流的针对性，现就公司本次活动提前向投资者公 开征集问题，广泛听取投资者的意见和 ...

Financial Performance - The company's operating revenue for 2021 was CNY 953,380,930.66, representing a 22.37% increase compared to CNY 779,118,593.56 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 95,821,577.82, up 13.75% from CNY 84,236,226.69 in the previous year[17]. - The net cash flow from operating activities increased by 92.98% to CNY 52,321,544.64 in 2021, compared to CNY 27,112,397.21 in 2020[17]. - The basic earnings per share for 2021 was CNY 0.43, a 13.16% increase from CNY 0.38 in 2020[17]. - Total assets at the end of 2021 reached CNY 1,390,905,005.45, reflecting a 14.65% increase from CNY 1,213,131,482.21 at the end of 2020[17]. - The net assets attributable to shareholders increased by 8.86% to CNY 924,099,919.03 at the end of 2021, compared to CNY 848,894,205.10 at the end of 2020[17]. - The company reported a total revenue of 1.5 billion CNY for the year 2021, representing a year-over-year growth of 20%[195]. - The company reported a net profit of 1.5 billion yuan for the fiscal year 2021, representing a year-on-year increase of 20%[190]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares, totaling CNY 26,784,109.08 based on 223,209,090 shares[5]. - The company reported a cash dividend of 1.20 yuan per 10 shares, amounting to a total cash dividend of 26,785,090.80 yuan, which represents 100% of the profit distribution total[151][152]. - The total distributable profit for the company was 179,454,864.80 yuan[152]. - The company has not proposed any cash dividend distribution plan despite having positive distributable profits for the reporting period[151]. Research and Development - The company is increasing its R&D investment and laboratory construction to enhance its technological innovation capabilities in the low-voltage distribution sector[28]. - Research and development expenses rose by 36.61% to ¥47,153,798.38 in 2021, reflecting increased investment in R&D[76]. - The number of R&D personnel rose to 181, a 19.08% increase from 2020, with a notable increase in the proportion of personnel under 30 years old by 137%[81]. - Research and development expenses increased by 30% to 300 million yuan, focusing on new technologies and product innovations[190]. Product Development and Innovation - The company has launched new products in the fields of power distribution and new energy charging, establishing a complete product line in the industry[28]. - The company has developed a smart distribution management cloud platform, enhancing its ability to provide customized solutions for various industries[29]. - The company has launched solid-state circuit breakers, leading the industry in this technology[38]. - New product launches included two innovative technology solutions aimed at enhancing operational efficiency, expected to contribute an additional 200 million CNY in revenue[196]. Market Strategy and Expansion - The company aims to become a leader in energy efficiency management and smart electrical solutions, focusing on the low-voltage distribution industry[26]. - The company is focusing on expanding its market presence in the smart grid and renewable energy sectors, aligning with national energy strategies[81]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[195]. - The company is committed to enhancing the competitiveness of its products through continuous upgrades in technology and production equipment[98]. Corporate Governance - The company has implemented a robust corporate governance structure, enhancing operational efficiency and compliance[116]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal requirements[117]. - The company maintains a complete separation from its controlling shareholder in terms of assets, personnel, finance, and operations[120]. - The company has established an independent financial department and maintains its own bank accounts, ensuring financial independence[121]. Risk Management - The company has faced risks related to future development, as outlined in the management discussion section of the report[5]. - The company anticipates risks from economic fluctuations due to COVID-19 and international disputes, which may impact market demand and procurement costs[110]. - The real estate market's downturn poses a risk to the low voltage electrical industry, prompting the company to diversify its business structure[110]. - The company faces risks from intensified market competition that could lead to a decline in gross margins, necessitating continued investment in R&D[112]. Sustainability and Social Responsibility - The company has been recognized as a green design demonstration enterprise by the Ministry of Industry and Information Technology, highlighting its commitment to sustainable practices[55]. - The company aims to integrate social responsibility into its business operations, focusing on customer satisfaction and sustainable development[172]. - The company has established a charitable fund to support underprivileged groups in western regions, including educational assistance and disaster relief efforts[178]. - The company has implemented an environmental management system in compliance with ISO 14001 standards, focusing on waste reduction and energy conservation[177]. Employee Management - The total number of employees at the end of the reporting period was 1,424, with 632 in the parent company and 792 in major subsidiaries[146]. - The company has established a comprehensive talent development plan focusing on leadership, R&D, marketing, and manufacturing training programs[149]. - The company’s employee compensation policy is designed to align with performance and company growth, ensuring competitive and fair remuneration[147]. - The company has not engaged in labor outsourcing during the reporting period[150]. Financial Management - The company has established a comprehensive internal control system that complies with relevant regulations and is continuously improved[161]. - The company reported a total asset amount that accounted for 100% of the consolidated financial statements[163]. - The company will ensure compliance with all relevant regulations during the share reduction process[188]. - The company has committed to ensuring the accuracy and completeness of its prospectus, bearing legal responsibility for any misstatements[189].

Revenue and Profit - Revenue for Q1 2022 reached ¥213,107,993.16, an increase of 21.36% compared to ¥175,597,555.13 in the same period last year[2] - Net profit attributable to shareholders was ¥13,392,793.06, reflecting a growth of 23.08% from ¥10,881,061.38 year-over-year[2] - Net profit excluding non-recurring items was ¥12,715,048.22, up 20.77% from ¥10,528,336.30 in the previous year[2] - Basic earnings per share increased to ¥0.06, a rise of 20.00% compared to ¥0.05 in the same period last year[2] - Total operating revenue for the first quarter was CNY 213,107,993.16, an increase of 21.4% compared to CNY 175,597,555.13 in the previous year[15] - Net profit for the quarter reached CNY 16,434,017.86, representing a growth of 19.0% from CNY 13,811,070.44 in the prior year[16] - The total comprehensive income for the period was CNY 16,434,017.86, compared to CNY 13,811,070.44 in the previous period, representing an increase of approximately 19%[17] - The net profit attributable to the parent company was CNY 13,392,793.06, up from CNY 10,881,061.38, reflecting a growth of about 23%[17] - Basic and diluted earnings per share increased to CNY 0.06 from CNY 0.05, marking a 20% rise[17] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to ¥1,417,625,987.74, representing a 1.92% increase from ¥1,390,905,005.45 at the end of the previous year[2] - The total assets of the company increased to CNY 1,417,625,987.74 from CNY 1,390,905,005.45, marking a growth of 1.9%[12] - The total liabilities increased to CNY 410,422,985.39 from CNY 400,606,815.57, reflecting a rise of 2.0%[13] - Shareholders' equity attributable to the parent company was ¥937,963,506.70, up 1.50% from ¥924,099,919.03 at the end of the last fiscal year[2] - The company’s equity attributable to shareholders increased to CNY 937,963,506.70 from CNY 924,099,919.03, a growth of 1.5%[13] Cash Flow - The net cash flow from operating activities improved to -¥41,173,893.15, a 21.79% reduction in losses compared to -¥52,647,930.90 in the same period last year[2] - Cash inflows from operating activities totaled CNY 153,409,466.16, down from CNY 168,374,835.64, indicating a decrease of around 9%[20] - Cash outflows from operating activities were CNY 194,583,359.31, compared to CNY 221,022,766.54, a reduction of approximately 12%[20] - The net cash flow from operating activities was -CNY 41,173,893.15, an improvement from -CNY 52,647,930.90 in the previous period[20] - Cash flow from investing activities generated a net inflow of CNY 22,459,001.94, compared to a net outflow of CNY 55,422,363.00 previously[21] - Cash flow from financing activities resulted in a net inflow of CNY 4,985,808.03, up from CNY 2,765,075.90 in the prior period[21] - The ending cash and cash equivalents balance was CNY 87,793,286.38, down from CNY 104,695,640.34, a decrease of about 16%[21] - The company reported a decrease in cash and cash equivalents to CNY 98,148,123.27 from CNY 112,181,944.65, a decline of 12.5%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,255[6] - The company plans to repurchase and cancel 146,510 restricted stocks, reducing the total shares from 223,355,600 to 223,209,090[8] Research and Development - Research and development expenses for the quarter were CNY 10,946,601.44, up 31.5% from CNY 8,326,081.62 in the previous year[16] Other Information - The company reported non-recurring gains and losses totaling ¥677,744.84 for the quarter[4] - The report for the first quarter was not audited[22]

Financial Performance - The company's revenue for Q3 2021 reached ¥250,564,675.53, representing a 9.55% increase year-over-year[2] - Net profit attributable to shareholders was ¥31,852,876.17, up 13.34% compared to the same period last year[2] - The net profit excluding non-recurring items was ¥29,568,307.88, reflecting a 15.46% increase year-over-year[2] - Total operating revenue for the current period reached ¥686,466,319.22, an increase of 23.05% compared to ¥557,721,986.85 in the previous period[18] - Net profit for the current period was ¥87,307,570.77, representing a 11.66% increase from ¥78,477,657.70 in the previous period[19] - Basic and diluted earnings per share increased to ¥0.35 from ¥0.29, reflecting a growth of 20.69%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,356,116,431.68, an increase of 11.79% from the end of the previous year[2] - The company's current assets totaled RMB 1,042,753,188.47, up from RMB 931,607,157.03 at the end of 2020, indicating an increase of about 11.9%[15] - Total liabilities reached RMB 388,615,929.78, up from RMB 298,387,012.04, which is an increase of approximately 30.3%[16] - The company's equity attributable to shareholders was RMB 904,497,712.57, compared to RMB 848,894,205.10 at the end of 2020, reflecting an increase of about 6.6%[17] Cash Flow - Cash flow from operating activities showed a net outflow of ¥902,583.10, a significant decline of 91.98% year-to-date[2] - Cash flow from operating activities showed a net outflow of ¥902,583.10, an improvement from a net outflow of ¥11,253,549.43 in the previous period[23] - Cash and cash equivalents decreased to RMB 140,673,714.30 from RMB 223,232,297.66, a decline of approximately 37.0%[14] - Cash and cash equivalents at the end of the period were ¥130,137,800.19, down from ¥137,910,172.46 at the end of the previous period[24] Operating Costs and Expenses - The company reported a 36.03% increase in operating costs, totaling ¥454,734,138.41, driven by sales growth[6] - Total operating costs amounted to ¥598,679,661.43, up 29.31% from ¥462,822,757.39 in the prior period[18] - Research and development expenses increased to ¥29,981,746.41, up 22.93% from ¥24,402,445.77 in the prior period[18] Government Support and Subsidies - The company received government subsidies amounting to ¥11,486,422.88, a 94.03% increase compared to the previous year[6] Changes in Management - The company appointed a new financial officer, Han Haifeng, on August 11, 2021, following the resignation of the previous officer[11] - The company held its second extraordinary general meeting on October 21, 2021, to elect new board members and complete the board restructuring process[12] Asset Quality - The company reported a decrease in credit impairment losses to ¥8,242,407.24 from ¥16,187,002.04, indicating improved asset quality[19] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20] Audit and Compliance - The company has not undergone an audit for the third quarter report[29] - The company adopted new leasing standards starting from 2021, requiring adjustments to the balance sheet[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥435,901,643.69, representing a 32.49% increase compared to ¥329,006,686.83 in the same period last year[20]. - The net profit attributable to shareholders was ¥45,702,170.35, up 25.58% from ¥36,393,064.07 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥43,423,721.35, reflecting a 39.39% increase from ¥31,151,644.55 year-on-year[20]. - The basic earnings per share increased to ¥0.2034, a rise of 25.02% compared to ¥0.1627 in the same period last year[20]. - The total operating revenue for the reporting period reached CNY 435,901,643.69, representing a year-on-year increase of 32.49% compared to CNY 329,006,686.83 in the same period last year[52]. - The total profit for the first half of 2021 was CNY 55,848,984.87, representing an increase of 10.9% from CNY 50,759,296.81 in the first half of 2020[150]. - The company's operating profit reached CNY 55,882,589.96, which is a 20.3% increase from CNY 46,443,153.26 in the previous year[150]. - The total comprehensive income for the first half of 2021 was CNY 52,382,185.57, compared to CNY 44,575,082.95 in the same period of 2020, marking an increase of 17.5%[148]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,271,145,334.36, which is a 4.78% increase from ¥1,213,131,482.21 at the end of the previous year[20]. - The total liabilities increased to CNY 328.16 million as of June 30, 2021, compared to CNY 298.39 million at the end of 2020, representing a growth of 9.97%[140]. - The company's total assets amounted to CNY 40,128.18 million, with net assets of CNY 19,068.37 million[63]. - The company's cash and cash equivalents decreased to CNY 131,339,301.46, accounting for 10.33% of total assets, down from 18.40%[56]. - Accounts receivable increased to CNY 439,170,793.77, representing 34.55% of total assets, up from 30.86%[56]. - Inventory rose to CNY 219,719,866.16, making up 17.29% of total assets, compared to 15.40% last year[56]. Research and Development - The company focuses on the R&D, production, and sales of medium and low voltage electrical components and systems, including dual power automatic transfer switches, circuit breakers, transformers, and new energy charging equipment[28]. - The company is increasing R&D investment in smart IoT electrical equipment, aiming to create an intelligent cloud platform ecosystem[28]. - Research and development investment increased by 26.86% to CNY 19,997,750.77, up from CNY 15,763,458.98[54]. - The company has a dedicated R&D team and has consistently increased its investment in research, resulting in numerous patents and participation in the formulation of national and industry standards[45]. Market Strategy and Risks - The company faces risks including market competition, raw material price fluctuations, and potential bad debts from accounts receivable[4]. - The company aims to establish a leading domestic brand in the medium and low voltage electrical industry, enhancing its brand image in the high-end market[28]. - The company is actively expanding its business in the domestic rail transit sector, capitalizing on existing market foundations[41]. - The company is leveraging national dual carbon strategies and new infrastructure initiatives to capture market opportunities in 5G infrastructure, data centers, and smart homes[28]. Corporate Governance and Social Responsibility - The company emphasizes social responsibility, focusing on safety, environmental protection, and resource conservation[82]. - The company has not yet initiated poverty alleviation or rural revitalization efforts but aims to enhance social responsibility as it grows[82]. - The company adheres to the principles of honesty and integrity in its dealings with stakeholders[82]. - The management is focused on achieving sustainable development while balancing economic and social benefits[82]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The actual controller and shareholders have fulfilled their commitments regarding share lock-up periods, which lasted for 36 months from the date of stock listing[85]. - The lock-up period for shares was lifted on February 22, 2021, after completion of the commitment[85]. - The company has committed to stabilizing its stock price through share repurchase plans, which must be approved by a two-thirds majority of voting rights at the shareholders' meeting[87]. Operational Performance - The company reported a strong performance in the first half of 2021, with significant growth in revenue and profit margins[38]. - The operating cost increased by 45.87% to ¥285,387,255.97 from ¥195,645,492.81 in the previous year, driven by the growth in sales performance[49]. - The company has established a stable supply chain for raw materials, ensuring timely delivery and quality standards[39]. - The company has developed self-researched core components for its charging equipment, ensuring high quality and reliability[34]. Financial Health - The net cash flow from operating activities was negative at CNY -19,991,799.67, a decline of 5.78% from CNY -18,899,794.79[54]. - The net increase in cash and cash equivalents was negative at CNY -85,122,987.49, reflecting a 49.32% decrease compared to CNY -57,005,335.94[54]. - The company reported a decrease in net profit of 36,994,000 RMB for the current period, indicating challenges in profitability[164]. - The total owner's equity at the end of the current period is 742,625.1 million yuan, showing a decrease of 17,127.01 million yuan compared to the previous period[166].

Financial Performance - The company's operating revenue for Q1 2021 was ¥175,597,555.13, representing a 70.96% increase compared to ¥102,715,615.15 in the same period last year[8] - Net profit attributable to shareholders was ¥10,881,061.38, up 25.73% from ¥8,654,065.73 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥10,528,336.30, reflecting a 34.79% increase from ¥7,810,914.10 in the previous year[8] - The basic earnings per share increased to ¥0.0500, a rise of 25.00% compared to ¥0.0400 in the same period last year[8] - The company's operating revenue for the current period reached ¥175,597,555.13, representing a 71% increase compared to ¥102,715,615.15 in the same period last year[15] - The net profit for the first quarter of 2021 reached CNY 13,811,070.44, up from CNY 9,740,407.88 in the same period last year, representing a growth of approximately 42.4%[39] - The operating profit for the first quarter was CNY 14,887,888.77, compared to CNY 11,054,511.45 in the previous year, reflecting an increase of about 34.3%[39] - The total comprehensive income for the first quarter was CNY 13,811,070.44, compared to CNY 9,740,407.88 in the previous year, indicating a growth of approximately 42.4%[40] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,241,024,049.95, a 2.30% increase from ¥1,213,131,482.21 at the end of the previous year[8] - The total liabilities increased to CNY 311,521,465.70 from CNY 298,387,012.04, reflecting a growth of approximately 0.38%[32] - The total equity attributable to shareholders reached CNY 860,722,310.12, compared to CNY 848,894,205.10 in the previous period, showing an increase of about 1.0%[33] - The total non-current assets amounted to CNY 284,174,917.10, up from CNY 281,524,325.18, indicating a growth of approximately 1.0%[31] Cash Flow - The net cash flow from operating activities was -¥52,647,930.90, a decline of 90.95% compared to -¥27,571,324.64 in the same period last year[8] - The company reported a 101% increase in cash inflows from operating activities, totaling ¥168,374,835.64 compared to ¥83,950,713.12 in the previous year[16] - The total amount of cash outflows from operating activities was ¥221,022,766.54, a 98% increase from ¥111,522,037.76, mainly due to increased guarantee payments[16] - The company's cash and cash equivalents decreased by 49% to ¥113,728,679.67 from ¥223,232,297.66, primarily due to investments in financial products and increased guarantee payments[15] - The net increase in cash and cash equivalents was negative CNY 105,305,218.00, compared to a positive increase of CNY 30,590,533.36 previously[48] - The ending balance of cash and cash equivalents was CNY 104,695,640.34, down from CNY 232,204,194.06, a decrease of 54.9%[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,728[11] - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., held 54.25% of the shares, totaling 121,328,480 shares[11] Operating Costs and Expenses - Operating costs increased by 94% to ¥115,588,642.30 from ¥59,433,141.99, primarily due to the growth in business performance[15] - The company's total operating costs for the first quarter were CNY 158,830,739.06, up from CNY 90,224,637.05 in the previous year, reflecting an increase of about 76%[38] - Research and development expenses amounted to CNY 8,326,081.62, which is an increase from CNY 6,577,024.61 in the previous year, showing a growth of approximately 26.6%[38] Investment Performance - The company’s investment income showed a significant decline of 697%, resulting in a loss of ¥1,189,612.04 compared to a profit of ¥199,357.40 in the previous year[15] - The investment loss for the first quarter was CNY -1,189,612.04, compared to a gain of CNY 199,357.40 in the previous year, indicating a significant decline in investment performance[38] - The company has not engaged in any securities or derivative investments during the reporting period[18][19] Government Support - The company received government subsidies amounting to ¥472,882.19 during the reporting period[9]

Financial Performance - The company's operating revenue for 2020 was ¥779,118,593.56, representing a 29.54% increase compared to ¥601,461,444.94 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥84,236,226.69, which is a 14.47% increase from ¥73,587,608.23 in 2019[21]. - The company achieved a basic earnings per share of ¥0.38 in 2020, up 15.15% from ¥0.33 in 2019[22]. - The total assets at the end of 2020 were ¥1,213,131,482.21, an 8.80% increase from ¥1,115,030,483.79 at the end of 2019[22]. - The company reported a total revenue of 1.5 billion yuan for the year 2020, representing a year-on-year growth of 15%[123]. - The company reported a net profit of CNY 300 million for 2020, with a profit margin of 20%[176]. Accounts Receivable and Cash Flow - The company's accounts receivable at the end of the reporting period amounted to 374.34 million RMB, accounting for 30.86% of total assets[6]. - The proportion of accounts receivable increased to 30.86%, up from 28.79% in the previous year, indicating a rise in credit sales[72]. - The net cash flow from operating activities decreased by 45.05% to ¥27,112,397.21 in 2020 from ¥49,336,397.06 in 2019[21]. - Operating cash inflow increased by 33.62% to ¥699,834,471.39, while operating cash outflow rose by 41.80% to ¥672,722,074.18, resulting in a net cash flow of ¥27,112,397.21, a decrease of 45.05% year-on-year[70]. Dividend Policy - The profit distribution plan approved by the board is to distribute a cash dividend of 1.2 RMB per 10 shares, based on a total of 223,663,700 shares[7]. - The company proposed a cash dividend of 1.2 CNY per 10 shares for the fiscal year 2020, totaling 26,839,644 CNY, which is 31.86% of the net profit attributable to shareholders[113]. - The company has maintained a cash dividend policy that complies with its articles of association and shareholder resolutions[109]. - The company has a policy that requires a minimum of 20% of profits to be distributed as cash dividends during its growth phase[115]. Market and Competition - The company faces risks from increased competition in the low-voltage electrical market, primarily from foreign and domestic enterprises[5]. - The company acknowledges significant uncertainties in achieving future development goals due to market conditions and macroeconomic factors[5]. - The company emphasizes the importance of improving operational scale and brand influence to compete effectively in the high-end market[5]. - The company has a strong competitive advantage in technology innovation and quality service within the domestic low-voltage electrical market[5]. Research and Development - The company continued to focus on R&D in smart electrical components and systems, aiming to establish a smart cloud platform ecosystem[28]. - Research and development expenses increased by 13.71% to ¥34,518,173.12, representing 4.43% of total operating revenue[68]. - The number of R&D personnel increased by 20.56% to 129, with R&D personnel accounting for 10.11% of the total workforce[68]. - The company is investing in research and development, allocating 100 million RMB to develop new technologies in the upcoming year[125]. Product Offerings - The company’s product offerings include power electrical appliances, distribution electrical appliances, complete equipment, and transformer equipment[28]. - The company produces dual power automatic transfer switches, including PC-level and CB-level products, with applications in critical power supply scenarios such as medical, rail transportation, and data centers[30]. - The TBBQ6 series PC-level dual power automatic transfer switch meets national standards AC-33A, designed for high reliability power distribution circuits[30]. - The company focuses on high-performance, high-reliability, digital, intelligent, and energy-saving low-voltage electrical products, targeting the mid-to-high-end market[38]. Strategic Acquisitions - The company acquired a 65% stake in Chongqing Yuantong in April 2019, adding transformer business to its main operations[19]. - The company acquired a 20% stake in Shenzhen Aerospace Tai Rui Jie Electronics Co., Ltd. in April 2020, which contributed to its investment income[26]. - The company completed the acquisition of a 20% stake in Shenzhen Aerospace Tai Rui Jie Electronics Co., Ltd., enhancing its technological capabilities[177]. Corporate Governance - The board of directors has confirmed that all members attended the meeting to review the annual report, ensuring accountability for its accuracy[4]. - The company has committed to ensuring the authenticity, accuracy, and completeness of information disclosed during major asset purchases, with a long-term commitment since March 17, 2019[118]. - The company guarantees that it will not engage in any activities that compete with the existing and future businesses of the listed company and its subsidiaries, with a long-term commitment since March 17, 2019[119]. - The company has established a clear commitment to timely disclosure of relevant information during the restructuring process[121]. Environmental and Social Responsibility - Environmental protection is prioritized, with the implementation of an environmental management system in compliance with ISO standards[171]. - The company has established a long-term mechanism for environmental protection management to support sustainable development[171]. - The company emphasizes the importance of social responsibility, aiming for harmonious development with society while pursuing economic benefits[171]. Future Outlook - The company provided a revenue guidance for 2021, projecting a growth rate of 10% to 12% compared to 2020[123]. - The company plans to implement a new customer loyalty program in 2021, which is expected to increase customer retention rates by 15%[123]. - The company is planning to expand its market presence in Southeast Asia, targeting a 5% market share within the next two years[123]. - The company aims to enhance brand strategy and focus on customer value to achieve rapid scale development in strategic niche markets[97].

Financial Performance - Operating revenue for the reporting period reached CNY 228,715,300.02, a year-on-year increase of 15.93%[8] - Net profit attributable to shareholders increased by 24.62% to CNY 28,102,946.16 for the reporting period[8] - The net profit after deducting non-recurring gains and losses rose by 27.62% to CNY 27,586,760.14[8] - Basic earnings per share increased by 24.06% to CNY 0.1258[8] - The company reported a total of RMB 15,420,000.00 in entrusted financial management, with RMB 10,300,000.00 from raised funds[34] - The total operating revenue for the current period reached ¥557,721,986.85, a significant increase of 37.2% compared to ¥406,185,616.47 in the previous period[57] - The net profit for the current period was ¥78,477,657.70, representing a 39.7% increase from ¥56,126,456.48 in the same period last year[59] - The profit attributable to the parent company's shareholders was ¥64,496,010.23, an increase of 25.1% compared to ¥51,516,560.64 in the previous period[60] Asset and Liability Management - Total assets increased by 8.18% to CNY 1,206,220,009.78 compared to the end of the previous year[8] - The company's total assets decreased by 30.58% in other current assets, primarily due to reduced cash management amounts[16] - Total liabilities amounted to CNY 302,760,031.58, up from CNY 272,672,420.31, which is an 11.0% increase[43] - Shareholders' equity increased to CNY 903,459,978.20 from CNY 842,358,063.48, showing a 7.3% growth[44] - The company’s total liabilities to equity ratio stands at approximately 0.33, indicating a relatively low leverage position[43] - The company has deferred income tax liabilities amounting to CNY 3,667,647.37, which may impact future tax obligations[75] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 55.93%, totaling CNY 7,646,245.36[8] - The net cash flow from operating activities was negative CNY 11,253,549.43, compared to a positive CNY 29,161,825.05 in the same period last year[66] - Cash inflow from investment activities totaled CNY 176,852,271.65, down from CNY 516,945,865.76 in Q3 2019, indicating a decline of about 65.8%[67] - Cash inflow from financing activities was CNY 27,154,120.00, significantly higher than CNY 5,680,000.00 in Q3 2019[67] - The ending cash and cash equivalents balance was CNY 137,910,172.46, down from CNY 145,552,625.83 at the end of Q3 2019[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,595[12] - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., holds 54.24% of the shares[12] - The company raised a total of RMB 346,591,000.00 from the public offering of 23.45 million shares at RMB 14.78 per share, with a net amount of RMB 310,549,038.00 after deducting issuance costs[31] Investment and Expansion Plans - The company plans to issue convertible bonds, pending approval from the China Securities Regulatory Commission[22] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[51] - The company has ongoing construction projects with capitalized costs of CNY 17,660,330.85, up from CNY 3,195,750.13, indicating a focus on expansion[42] Operational Efficiency - Operating costs amounted to ¥334,297,176.71, reflecting a 36.49% increase due to sales growth[16] - The company reported a significant increase in construction in progress, rising by 452.62% to ¥17,660,330.85, attributed to new factory construction[16] - The company achieved a gross profit margin of approximately 17.9% for the current period, compared to 12.8% in the previous period[50] Corporate Governance - The company has no violations regarding external guarantees during the reporting period[35] - There are no non-operating fund occupations by controlling shareholders or related parties reported[35] - The company’s board member Xu Chengbin resigned due to personal reasons, which will not affect the board's normal operations[25] - The company has not engaged in any securities or derivative investments during the reporting period[29][30]