Financial Performance - The company's operating revenue for the first half of 2020 was ¥329,006,686.83, representing a 57.50% increase compared to ¥208,895,008.66 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥36,393,064.07, up 25.64% from ¥28,965,976.38 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,151,644.55, reflecting a 32.44% increase from ¥23,520,666.62 in the same period last year[17]. - The basic earnings per share increased to ¥0.1630, a rise of 25.10% compared to ¥0.1303 in the previous year[17]. - The total assets at the end of the reporting period were ¥1,184,134,335.08, which is a 6.20% increase from ¥1,115,030,483.79 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥810,745,593.70, up 2.12% from ¥793,923,208.68 at the end of the previous year[17]. - The net cash flow from operating activities was negative at -¥18,899,794.79, a decline of 260.03% compared to a positive cash flow of ¥11,810,078.06 in the same period last year[17]. - The weighted average return on net assets was 4.42%, an increase of 0.53% from 3.89% in the previous year[17]. Investment and Acquisitions - The company acquired a 20% stake in Shenzhen Aerospace Tai Rui Jie Electronics Co., Ltd. for an initial investment of 14,580,000.00 CNY, resulting in a recognized gain of 4,343,025.32 CNY[21]. - The company has completed the acquisition of 20% equity in Shenzhen Aerospace Tai Rui Electronics Co., Ltd. for RMB 80 million[59]. - The acquisition of a 65% stake in Chongqing Yuantong was completed on April 25, 2019, with a total investment of RMB 10,150 million[65]. - The company has established strategic partnerships with several leading domestic real estate companies, further solidifying its market position in niche sectors[48]. Research and Development - The company focuses on the R&D, production, and sales of medium and low voltage electrical components and systems, targeting the high-end market in China[24]. - The company is enhancing its R&D in smart electrical components and systems, aiming to establish a smart cloud platform ecosystem[24]. - The company has significantly increased its investment in research and development, actively building a cloud platform ecosystem, and has completed the digital upgrade of its products[37]. - Research and development investment rose by 46.30% to ¥15,763,458.98 from ¥10,774,687.08, reflecting the company's commitment to increasing R&D efforts[50]. Product Development - The company’s product categories include power electrical appliances, distribution electrical appliances, complete equipment, and transformer equipment[24]. - The company is expanding its product line to include new energy charging equipment, focusing on the growing demand in the electric vehicle sector[30]. - The company’s PC-level dual power automatic transfer switches are designed for high reliability applications, such as medical and data center environments[25]. - The company’s TBBQ7 series smart cloud dual power transfer switch supports multiple communication methods, including GPRS and Wi-Fi, for real-time monitoring and fault warning[25]. - The company has developed a new generation of DC circuit breakers with a voltage range of DC125V to DC1000V, capable of handling a breaking capacity of up to 10kA, widely used in renewable energy and data center applications[29]. Market Strategy - The company emphasizes digital transformation and is seizing market opportunities in 5G infrastructure, big data centers, and new energy charging equipment[24]. - The company has expanded its sales model to include direct sales and distribution, targeting high-value customers with strong service capabilities[35]. - The company aims to establish a leading domestic brand in the medium and low voltage electrical industry[24]. - The company is committed to expanding its market presence through strategic acquisitions and partnerships in 2020[118]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not engaged in any securities or derivative investments during the reporting period[60][61]. - The company has not reported any significant non-equity investments during the reporting period[60]. - The company has a remaining balance of RMB 56,398,532.63 in the raised funds account as of June 30, 2020[62]. - The company plans to manage up to RMB 120 million of idle raised funds for cash management, with RMB 53 million currently in use[66]. Risks and Challenges - The company has detailed potential risks in the report, which can be found in the section discussing operational conditions and risk management[5]. - The company faces risks from intense market competition, particularly in the low-voltage electrical market, which is becoming increasingly diversified and complex[78]. Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period[89]. - The company is involved in a lawsuit against Guizhou Shengshi Guotai Electronic Technology Co., Ltd. for unpaid goods amounting to 752,000 RMB[89]. - The company has received an administrative penalty of 50,000 RMB for failing to maintain fire safety equipment and obstructing evacuation routes[92]. - The company has completed all required rectifications following the penalties imposed, with no significant adverse impact on operations[92]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 19,325[131]. - The chairman and general manager, Huang Zhengqian, increased his holdings by 27,622,531 shares, bringing his total to 119,697,686 shares[142]. - The total number of shares increased from 170,716,000 to 223,689,700, representing a growth of approximately 31%[123]. Corporate Governance - The company has implemented a stock option and restricted stock incentive plan, with 263,000 stock options and 1,353,000 restricted shares granted to employees[96]. - The company's registered capital increased from 170,716,000 RMB to 172,069,000 RMB following the stock incentive plan[97]. - There are no significant related party transactions during the reporting period[98].

Financial Performance - The company's operating revenue for Q1 2020 was ¥102,715,615.15, representing a 50.44% increase compared to ¥68,278,185.20 in the same period last year[8] - The net profit attributable to shareholders decreased by 22.18% to ¥8,654,065.73 from ¥11,121,242.18 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥7,810,914.10, down 10.09% from ¥8,687,099.44 in the previous year[8] - Basic earnings per share decreased by 22.27% to ¥0.0506 from ¥0.0651 year-on-year[8] - The total operating revenue for the first quarter of 2020 was CNY 102,715,615.15, compared to CNY 68,278,185.20 in the same period last year, indicating a significant increase[39] - Net profit for Q1 2020 was CNY 9,740,407.88, compared to CNY 11,121,242.18 in the same period last year, indicating a decline of about 12.4%[41] - The total comprehensive income for Q1 2020 was CNY 9,740,407.88, down from CNY 11,121,242.18 in the same period last year[42] - Total profit for Q1 2020 was CNY 11,228,529.42, compared to CNY 13,067,976.64 in the previous year, a decrease of about 14.1%[41] Cash Flow - The net cash flow from operating activities was negative at -¥27,571,324.64, a decline of 78.45% compared to -¥15,450,714.92 in the same period last year[8] - Cash inflow from operating activities was CNY 83,950,713.12, significantly higher than CNY 52,797,285.40 in the previous period, showing an increase of approximately 59%[48] - The net cash flow from operating activities was -27,571,324.64 CNY, compared to -15,450,714.92 CNY in the previous period, indicating a decline in operational cash generation[49] - The total cash outflow from operating activities was 36,661,629.60 CNY, slightly higher than 35,049,932.55 CNY in the previous period, indicating stable operational expenses[52] - The net cash flow from investing activities was 45,471,488.00 CNY, a decrease from 114,425,476.91 CNY in the previous period, suggesting reduced investment activity[49] - The net cash flow from financing activities was 12,690,370.00 CNY, reflecting a positive financing environment for the company[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,119,318,541.91, a slight increase of 0.38% from ¥1,115,030,483.79 at the end of the previous year[8] - The total liabilities decreased to CNY 252,097,164.62 from CNY 272,672,420.31, reflecting a reduction in financial obligations[33] - The company's cash and cash equivalents increased to CNY 208,795,727.41 from CNY 87,024,031.58, showing improved liquidity[34] - The total equity attributable to shareholders rose to CNY 817,700,180.34 from CNY 793,923,208.68, indicating growth in shareholder value[34] - The company reported a total current asset of CNY 430,961,124.82, with cash and cash equivalents at CNY 87,024,031.58 and accounts receivable at CNY 156,710,460.05[59] - Non-current assets totaled CNY 340,587,634.31, including long-term equity investments of CNY 230,654,052.66 and fixed assets of CNY 86,214,270.28[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,448[11] - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., holds 54.24% of the shares, totaling 93,329,600 shares[11] - The company’s total equity attributable to shareholders was CNY 677,165,915.67, with retained earnings of CNY 121,025,418.76[60] Operational Changes - The company reported non-recurring gains of ¥843,151.63 during the reporting period[9] - The company plans to issue convertible bonds with a total amount not exceeding CNY 31,700.00 million, which has been approved by the shareholders' meeting[18] - The company acquired a 20% stake in Shenzhen Aerospace Tai Rui Jie Electronics Co., Ltd. for CNY 14,580,000, with the transaction completed and payment made[17] - The company adopted the new revenue recognition standards starting January 1, 2020, impacting the financial reporting[58] - The first quarter report for 2020 was not audited, indicating preliminary financial data[62] - The company held a board meeting on April 8, 2020, to approve changes in accounting policies[61] Cost Management - Operating costs increased by 86.76% to CNY 59,433,141.99 from CNY 31,823,241.27, also driven by the merger with Chongqing Yuantong[15] - The company reported a decrease in employee compensation payable to CNY 9,573,337.64 from CNY 15,603,934.91, reflecting cost management efforts[33] - Research and development expenses increased to CNY 6,577,024.61 in Q1 2020, up from CNY 4,768,338.21, representing a growth of approximately 38%[40] Receivables and Inventory - Accounts receivable increased to CNY 170,090,214.37 from CNY 156,710,460.05, suggesting higher sales on credit[34] - The inventory level was CNY 88,148,835.91, up from CNY 83,293,873.10, which may indicate increased production or stockpiling[34] - Other receivables rose by 38.00% to CNY 25,428,873.70 from CNY 18,426,717.17, primarily due to an increase in bid guarantees[15] Deferred Expenses - The company’s long-term deferred expenses increased by 33.51% to CNY 2,724,137.81 from CNY 2,040,430.79, indicating an increase in deferred costs[15] - The total deferred tax liabilities were reported at CNY 3,667,647.37[57]

Financial Performance - The company's operating revenue for 2019 was CNY 601,461,444.94, representing a 73.15% increase compared to CNY 347,364,304.93 in 2018[18]. - The net profit attributable to shareholders for 2019 was CNY 73,587,608.23, a slight increase of 0.61% from CNY 73,144,180.08 in 2018[18]. - The net profit after deducting non-recurring gains and losses was CNY 73,113,825.76, which is a 26.06% increase from CNY 58,000,814.34 in 2018[18]. - The net cash flow from operating activities surged by 687.18% to CNY 49,336,397.06, compared to CNY 6,267,490.99 in the previous year[18]. - Total assets at the end of 2019 reached CNY 1,115,030,483.79, marking a 35.13% increase from CNY 825,143,491.91 at the end of 2018[18]. - The net assets attributable to shareholders increased by 8.02% to CNY 793,923,208.68 from CNY 734,968,400.45 in 2018[18]. - The basic earnings per share for 2019 was CNY 0.43, a decrease of 2.27% from CNY 0.44 in 2018[18]. - The weighted average return on net assets was 9.61%, down from 11.21% in the previous year[18]. - The company reported a significant increase in transformer equipment sales, with a focus on S13 oil-immersed transformers, which are widely used in rural power distribution and industrial enterprises[39]. - The company achieved a net profit attributable to the parent company of CNY 73,587,608.23 in 2019, with a cash dividend payout of CNY 36,994,835.00, representing a payout ratio of 50.27%[123]. Acquisitions and Investments - The company acquired a 65% stake in Chongqing Yuantong, expanding its business to include transformer operations[16]. - The company completed the acquisition of 65% of Chongqing Yuantong in April 2019, expanding its product line and enhancing performance scale[50]. - The company acquired 65% of Chongqing Yuantong for cash of 101.5 million, becoming its controlling shareholder[42]. - Fixed assets increased by 103.34% compared to the beginning of the period due to the addition of new production lines and the acquisition of Chongqing Yuantong[42]. - Intangible assets rose by 195.13% compared to the beginning of the period, primarily from the acquisition of Chongqing Yuantong[42]. - The company completed the acquisition of 65% equity in Chongqing Yuantong for RMB 10,150,000, achieving 100% investment progress by April 25, 2019[86]. - The company is focusing on expanding its customer resources and developing new business segments through the acquisition of Chongqing Yuantong[96]. Research and Development - The company is focusing on the development of smart electrical components and systems, aiming to create an intelligent cloud platform ecosystem[27]. - The company has developed multiple core patented technologies in low-voltage electrical equipment, enhancing its competitive edge in the market[27]. - Research and development expenses increased by 52.36% to ¥30,356,305.23 due to the acquisition of Chongqing Yuantong[70]. - R&D investment increased by 52.36% to ¥30,356,305.23 in 2019, with R&D personnel rising by 18.89% to 107[71]. - The company plans to enhance its R&D capabilities and expand its product line to meet differentiated market demands in 2020[106]. - The company is investing heavily in R&D, allocating 8% of its revenue to develop new technologies and products in the upcoming year[132]. Product Development and Innovation - The company is focused on continuous innovation in product technology to maintain competitive advantages in the electrical equipment market[32]. - The company aims to establish a leading domestic brand in the low-voltage electrical industry, focusing on high-end market segments[27]. - The company launched new products in the new energy charging pile sector, including AC and DC charging piles, which began operations in 2019[54]. - The company aims to expand its market presence by enhancing product features to meet the demands of smart grid construction and industrial applications[33]. - The company plans to launch three new products in the upcoming quarter, which are anticipated to contribute an additional 5% to overall revenue[131]. Market Expansion and Strategy - The company is actively expanding into related businesses such as fire electrical equipment and new energy charging equipment, leveraging synergies for comprehensive electrical system solutions[27]. - The company plans to extend its product line and create new profit growth points to enhance shareholder value[100]. - The company plans to enhance its digital marketing efforts, increasing the budget by 25% to boost brand awareness and customer engagement[132]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization initiatives[132]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[131]. Financial Management and Governance - The company has committed to minimizing related party transactions and ensuring fairness and legality in any unavoidable transactions[126]. - The company will notify the listed company of any business opportunities that may lead to competition and will adopt recognized solutions to avoid such competition[126]. - The company has a complete decision-making process for profit distribution, with independent directors fulfilling their responsibilities effectively[118]. - The company guarantees the authenticity, accuracy, and completeness of the information provided regarding the transaction, and will bear legal responsibility for any losses caused by misleading statements or omissions[126]. - The company will comply with relevant laws and regulations regarding share repurchase and shareholder stake increases[135]. Social Responsibility and Sustainability - The company emphasizes social responsibility and sustainable development in its operations[180]. - Environmental protection is a key focus, with the company implementing an environmental management system in compliance with ISO standards to minimize waste and energy consumption[187]. - The company is committed to sustainable practices, with plans to reduce operational carbon emissions by 30% over the next five years[131]. - Employee rights are prioritized, with a focus on fair compensation and performance-based incentives to enhance overall management and skill development[182]. Legal and Compliance - The company has maintained a clean integrity status, with no significant debts or court judgments unmet during the reporting period[154]. - The company has not experienced any major accounting errors requiring retrospective restatement during the reporting period[148]. - The company has faced regulatory scrutiny regarding information disclosure practices, leading to corrective actions[196]. - The company has committed to timely disclosure of information related to the restructuring process, ensuring accuracy and completeness[128].

Financial Performance - Operating revenue for the reporting period reached CNY 197,290,607.81, a 122.06% increase year-on-year[8] - Net profit attributable to shareholders increased by 4.88% to CNY 22,550,584.26 for the reporting period[8] - Cash flow from operating activities surged by 543.47% to CNY 29,161,825.05 year-to-date[8] - The company reported a net profit of CNY 28,863,316.55 for the period, reflecting a strong performance compared to previous quarters[41] - The total profit for Q3 2019 was CNY 66,118,136.77, which is an increase of 20.4% from CNY 54,950,377.14 in Q3 2018[51] - The net profit for Q3 2019 reached CNY 56,126,456.48, up 19.5% from CNY 46,790,949.13 in Q3 2018[51] - The total comprehensive income for Q3 2019 was CNY 56,126,456.48, compared to CNY 46,790,949.13 in Q3 2018, indicating a strong performance[51] Asset and Liability Changes - Total assets increased by 28.49% to CNY 1,060,247,615.55 compared to the end of the previous year[8] - Total liabilities increased to CNY 244,131,249.63 from CNY 90,175,091.46 year-on-year, reflecting a significant rise in financial obligations[34] - Accounts receivable grew by 70.78% due to the acquisition of Chongqing Yuantong during the reporting period[16] - Inventory increased by 43.01% as a result of the merger with Chongqing Yuantong[16] - Fixed assets rose by 65.09% following the acquisition of Chongqing Yuantong[16] - The total assets as of September 30, 2019, were CNY 776,030,498.17, compared to CNY 746,755,437.00 at the end of 2018[39] Cash Flow and Investment Activities - Cash flow from operating activities was CNY 325,911,570.84 in Q3 2019, significantly higher than CNY 247,573,732.52 in the previous period[57] - The net cash flow from investing activities was -¥86,643,858.36, an improvement from -¥260,574,117.94 in the same period last year, showing a reduction in cash outflow by about 67%[59] - Cash inflow from investment activities totaled ¥516,945,865.76, compared to ¥254,251,639.87 in Q3 2018, marking an increase of approximately 104%[59] - The cash outflow from investment activities was ¥603,589,724.12, which is an increase from ¥514,825,757.81, representing a rise of about 17%[59] Research and Development - R&D expenses rose by 47.55% compared to the beginning of the period, driven by the acquisition and increased investment in R&D[17] - Research and development expenses reached CNY 9,155,521.46, an increase from CNY 5,121,738.51 in the previous year, indicating a focus on innovation[41] - Research and development expenses for Q3 2019 were CNY 6,826,512.36, a decrease of 13.9% from CNY 7,935,170.85 in the same period last year[54] Operational Metrics - The gross profit margin for the period was approximately 15% based on the operating revenue and costs[41] - The total operating costs amounted to CNY 168,427,291.26, up from CNY 68,543,561.41 year-on-year[41] - The total operating revenue for the third quarter was CNY 61,974,174.06, an increase of 12.9% compared to CNY 55,147,547.04 in the same period last year[45] - The total operating profit for Q3 2019 was CNY 62,947,087.21, an increase of 26.5% from CNY 49,739,009.81 in Q3 2018[50] Shareholder Information - The equity attributable to shareholders of the parent company was CNY 771,852,161.09, up from CNY 734,968,400.45 in the previous year[34] - Basic and diluted earnings per share for Q3 2019 were CNY 0.3018, compared to CNY 0.2827 in the previous year, reflecting a growth of 6.4%[51]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥208,895,008.66, representing a 34.67% increase compared to ¥155,112,999.07 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥28,965,976.38, up 14.54% from ¥25,289,080.81 in the previous year[16]. - The net cash flow from operating activities was ¥11,810,078.06, a significant improvement of 226.80% compared to a negative cash flow of -¥9,313,636.12 in the same period last year[16]. - The total assets at the end of the reporting period reached ¥1,047,787,648.53, an increase of 26.98% from ¥825,143,491.91 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company were ¥749,301,576.83, reflecting a 1.95% increase from ¥734,968,400.45 at the end of the previous year[16]. - The basic earnings per share for the reporting period was ¥0.170, a 6.25% increase from ¥0.16 in the same period last year[16]. - The company reported a government subsidy of ¥3,427,332.52, primarily related to listing subsidies of ¥2,100,000[20]. - The weighted average return on net assets was 3.89%, down from 4.34% in the previous year, indicating a decrease of 0.45%[16]. - The company recorded a total of ¥5,445,309.76 in non-recurring gains and losses during the reporting period[21]. Business Operations and Strategy - The company focuses on the R&D, production, and sales of low-voltage circuit breakers, dual power automatic transfer switches, transformers, and industrial automation products, targeting the mid-to-high-end market in the domestic low-voltage electrical industry[24]. - The company acquired 65% of Chongqing Yuantong in April 2019, adding transformer business to its main operations[24]. - The product range includes power electrical appliances, distribution electrical appliances, terminal electrical appliances, control electrical appliances, complete sets of equipment, fire-fighting equipment, new energy charging equipment, and transformer equipment[24]. - The company emphasizes the development of core patented technologies in low-voltage electrical products, enhancing its brand image in the high-end market[24]. - The company aims to establish itself as a leading domestic brand in the low-voltage electrical industry, focusing on reliability and performance in its product offerings[24]. - The company is committed to continuous innovation and expansion in the low-voltage electrical sector, leveraging its R&D capabilities to enhance product offerings[24]. - The company actively participates in the formulation of national and industry standards, including standards for electric vehicle charging infrastructure[47]. - The company has established a comprehensive industry-oriented marketing organization, enhancing customer trust and loyalty through technical exchanges and promotional activities[48]. Product Development and Innovation - The company emphasizes energy-saving and environmentally friendly designs in its products, such as the YBD1 pre-installed underground substation[34]. - The company has developed advanced dual power automatic transfer switch products with significant technical advantages, including features like digital excitation drive and short-circuit switching protection[45]. - The company is focusing on the development of new energy charging stations, having completed the R&D of AC and DC charging piles in 2018[52]. - The company emphasizes continuous innovation and has established an innovative electrical testing center to enhance product performance and reliability[53]. - The company has invested in advanced production technologies, improving processing precision and efficiency through automation and digitalization[49]. Market Position and Growth - The low-voltage electrical industry in China is expected to maintain an annual growth rate of approximately 8% over the next three years, with a market size projected to reach 100 billion RMB by 2020[40]. - The company has a strong market presence in high-end sectors such as finance, communications, and rail transportation, leveraging its core patent technologies[39]. - The company is focusing on expanding its market share in the domestic rail transit sector, capitalizing on ongoing infrastructure investments[39]. - The overall market for low-voltage electrical products is closely tied to fixed asset investment growth, which is expected to remain robust[41]. Acquisitions and Investments - The company acquired a 100% stake in a company involved in the research, manufacturing, and sales of electric vehicle charging facilities for ¥12,000,000[68]. - The company has committed to achieving a profit of no less than ¥12,000,000 from the acquired assets[68]. - The company has reported a significant increase in the investment progress of the marketing brand construction project, reaching 48.92% of the planned investment[76]. - The company acquired 65% equity of Chongqing Yuantong for RMB 101.50 million, reallocating part of the unused funds from the production line project[80]. - Chongqing Yuantong's main business includes the R&D, production, and sales of electrical equipment below 35kV, which will expand the company's product line[86]. Financial Management and Compliance - The company has established good relationships with several well-known enterprises, which has led to an increase in accounts receivable due to extended credit terms[89]. - The company has not distributed cash dividends or bonus shares for the half-year period[97]. - The company has made adjustments to its fundraising project usage without following the required review procedures[128]. - The company has committed to improving the quality of information disclosure and ensuring compliance with relevant regulations[128]. - The company plans to strengthen internal regulations related to information disclosure and enhance communication with regulatory authorities[128]. Risks and Challenges - The integration of Chongqing Yuantong poses risks due to differences in business operations and management practices[91]. - The company faces intensified competition in the high-end low-voltage electrical market if it cannot effectively enhance its operational scale and brand influence[89]. - The company reported a significant increase in cash inflow from other operating activities, which rose to ¥6,905,331.68 in the first half of 2019 from ¥4,035,291.13 in the same period of 2018, an increase of approximately 71.5%[175]. - The company has no ongoing significant non-equity investments during the reporting period[70]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,004[143]. - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., holds 54.67% of shares, totaling 93,329,600 shares[143]. - The chairman and general manager, Huang Zhengqian, increased his holdings to 91,983,972 shares, a rise of 26,281,135 shares during the reporting period[149]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[145].

证券代码：002927 证券简称：泰永长征 公告编号：2019-068 贵州泰永长征技术股份有限公司 关于参加 2019 年贵州上市公司投资者网上集体接待 日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2019 年 6 月 5 日下午 14:00-17:00 参加由贵州证监局主办，贵州证券业协会、深圳市全景网络 有限公司协办的主题为"股东来了——构建和谐投资者关系"2019 年贵州上市 公司投资者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日网上交流网址：投资者可以登录 http://rs.p5w.net 进入专 区页面参与交流。 出席本次集体接待日的人员有：公司董事兼副总经理贺贵兵、财务负责人兼 董事会秘书余辉。 欢迎广大投资者积极参与。 特此公告。 贵州泰永长征技术股份有限公司 董 事 会 2019 年 6 月 3 日 ...

Group 1: Financial Performance - The company achieved a revenue of 34,736.43 million yuan in 2018, representing a year-on-year growth of 5.72% [2] - The company is focused on maintaining industry-leading levels in innovation, management, and efficiency [2] Group 2: Investor Relations and Communication - The company enhances communication with investors through various channels, including media disclosures and investor hotlines [3] - The company encourages investors to visit for research and interaction [3] Group 3: Strategic Focus and Development - The company plans to continue investing in research and development as a driver for sustainable growth [2] - The sales team operates on a project-based model, with the top tier contributing approximately 30% to performance [2] - The company remains committed to its core business in the low-voltage equipment market and does not plan to diversify into other areas [3]

Financial Performance - The company's operating revenue for 2018 was CNY 347,364,304.93, representing a 5.72% increase compared to CNY 328,562,621.57 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 73,144,180.08, which is a 5.08% increase from CNY 69,610,308.83 in the previous year[18]. - The net profit after deducting non-recurring gains and losses decreased by 8.48% to CNY 58,000,814.34 from CNY 63,378,324.69 in 2017[18]. - The net cash flow from operating activities dropped significantly by 46.50% to CNY 6,267,490.99, down from CNY 11,714,713.67 in the previous year[18]. - The total assets at the end of 2018 were CNY 825,143,491.91, a substantial increase of 77.87% from CNY 463,908,964.18 at the end of 2017[18]. - The net assets attributable to shareholders rose by 99.38% to CNY 734,968,400.45 from CNY 368,628,182.37 in 2017[18]. - The basic earnings per share for 2018 were CNY 0.62, a decrease of 12.68% compared to CNY 0.71 in 2017[18]. - The weighted average return on net assets was 11.21%, down from 19.78% in the previous year, indicating a decline of 8.57%[18]. - The company achieved a significant increase in cash reserves, with monetary funds rising by 445.28% compared to the beginning of the period, primarily due to funds raised from the initial public offering[43]. Revenue and Growth - The company reported a significant increase in revenue, with a total of 1.2 billion RMB for the year, representing a 15% year-over-year growth[29]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, indicating a projected growth of 25%[31]. - The revenue from power electrical products was CNY 118.98 million, accounting for 34.25% of total revenue, with a growth of 10.01% compared to the previous year[56]. - The revenue from distribution electrical products reached CNY 195.38 million, making up 56.25% of total revenue, with an increase of 11.08% year-on-year[56]. - The sales volume increased by 16.41% year-on-year, totaling 2,415,024 units sold[59]. Market Position and Strategy - The company has maintained its focus on the mid-to-high-end market of low-voltage electrical components, with no major changes in its main business operations[28]. - The company is focusing on market expansion, particularly in the industrial and medical sectors, aiming to increase market share by 10% in these areas[30]. - The company has established a strong brand image in the domestic low-voltage electrical industry, serving major projects like China Mobile Data Center and Shanghai Rail Transit[28]. - The company is actively expanding its overseas market presence, particularly in Southeast Asia, through continuous brand and product promotion[38]. - The company has initiated a strategic acquisition of a competitor, which is expected to enhance its product offerings and increase market penetration[31]. Research and Development - The company has invested in research and development, allocating 10% of its revenue to innovate new technologies and improve existing products[32]. - The company has a strong R&D team with extensive experience in the low-voltage electrical industry, ensuring continuous innovation and product development[46]. - The company’s R&D efforts have led to the acquisition of multiple core patents in the low-voltage electrical sector, enhancing its competitive edge in the mid-to-high-end market[45]. - The company expanded its product development focus to include new energy applications, such as charging stations and photovoltaic products[66]. - The company has increased its R&D personnel by 16.88%, reaching a total of 90 employees[67]. Risks and Challenges - The company faces risks including intense market competition and fluctuations in raw material prices, which may impact future performance[5]. - The company has identified risks related to intense market competition, particularly from foreign enterprises and larger domestic players[89]. - The company has experienced a risk of declining gross profit margins due to market competition and potential fluctuations in raw material prices[90]. Corporate Governance and Compliance - The company has established a modern corporate governance structure, ensuring effective coordination and checks among power, decision-making, supervision, and management[199]. - The board of directors consists of 8 members, including 3 independent directors, meeting legal and regulatory requirements[200]. - The company has maintained independence from its controlling shareholder, with no instances of fund occupation or unauthorized interference in operations[199]. - The governance structure has contributed to the protection of the rights and interests of the company and all shareholders[200]. - The company emphasizes compliance with laws and regulations to protect shareholder rights and ensure fair treatment[149]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares, totaling CNY 14,632,800.00, which represents 100% of the profit distribution[99]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during its growth phase, despite significant capital expenditure plans[99]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[102]. - The company will not repurchase shares during the lock-up period, maintaining investor confidence[106]. Social Responsibility and Environmental Compliance - The company is committed to social responsibility, focusing on sustainable development and employee welfare[148]. - The company emphasizes environmental protection and has implemented an environmental management system in compliance with ISO 14001:2004 standards[150]. - The company does not belong to the list of key pollutant discharge units published by environmental protection authorities[155]. - The company has made efforts to improve social responsibility and aims for harmonious development with society[150].

Financial Performance - The company's revenue for Q1 2019 was ¥68,278,185.20, representing an increase of 11.11% compared to ¥61,453,171.73 in the same period last year[8] - The net profit attributable to shareholders for Q1 2019 was ¥11,121,242.18, a growth of 23.28% from ¥9,021,214.55 year-on-year[8] - The basic earnings per share decreased by 9.00% to ¥0.091 from ¥0.100 in the same period last year[8] - Total operating revenue for the current period reached ¥68,278,185.20, an increase of 11.5% compared to ¥61,453,171.73 in the previous period[38] - Net profit for the current period was ¥11,121,242.18, representing a 23.3% increase from ¥9,021,214.55 in the previous period[40] - Operating profit rose to ¥12,813,433.77, a 22.7% increase from ¥10,440,523.02 in the previous period[40] - Total profit for the current period was ¥13,067,976.64, an increase of 22.3% from ¥10,670,423.68 in the previous period[40] Cash Flow and Liquidity - The net cash flow from operating activities improved by 25.81%, reaching -¥15,450,714.92 compared to -¥20,825,373.51 in the previous year[8] - Cash and cash equivalents increased by 42.04% to ¥333,377,004.85 from ¥234,704,388.25 due to the maturity of cash management products[17] - The net cash flow from operating activities was -15,450,714.92 CNY, an improvement from -20,825,373.51 CNY in the previous period, indicating a reduction in cash outflow[48] - Cash and cash equivalents at the end of the period totaled 332,677,004.85 CNY, up from 208,740,105.88 CNY in the previous period, indicating improved liquidity[49] - The company reported a net increase in cash and cash equivalents of 98,974,761.99 CNY, compared to 166,805,296.49 CNY in the previous period, showing a decrease in cash growth rate[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥840,749,624.15, up 1.89% from ¥825,143,491.91 at the end of the previous year[8] - Current liabilities rose to CNY 78,829,930.16 from CNY 74,058,779.11, an increase of about 6.5%[31] - Total liabilities increased to CNY 94,659,981.53 from CNY 90,175,091.46, representing a rise of about 5.5%[31] - Owner's equity rose to CNY 746,089,642.63 from CNY 734,968,400.45, reflecting an increase of approximately 1.8%[32] Shareholder Information - The company had a total of 20,208 common shareholders at the end of the reporting period[12] - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., held 54.67% of the shares, amounting to 66,664,000 shares[12] Investment and Expenses - Research and development expenses rose by 31.73% to ¥4,768,338.21 from ¥3,619,702.19, reflecting increased investment in R&D[17] - Investment income skyrocketed by 2979.45% to ¥2,575,182.32 from ¥83,624.66, attributed to higher returns from cash management of idle funds[17] - Other income increased significantly by 618.85% to ¥2,810,167.12 from ¥390,923.08, mainly due to increased government subsidies related to operations[17] - The company plans to acquire a 65% stake in Chongqing Yuantong Electric Equipment Manufacturing Co., which constitutes a major asset restructuring and related party transaction[18] - The company established a wholly-owned subsidiary, Guizhou Changzheng Switch Manufacturing Co., with a registered capital of ¥500,000[18] Changes in Assets - Accounts receivable decreased slightly to CNY 175,384,925.71 from CNY 173,732,613.58, indicating a marginal increase of 0.9%[34] - Inventory increased to CNY 96,691,793.63 from CNY 91,009,506.13, showing a growth of approximately 6.0%[34] - The company reported a 100% decrease in other current assets, dropping to ¥0.00 from ¥115,986,229.58, due to the maturity of cash management products[17]

Financial Performance - Operating revenue for the current period was CNY 88,845,783.51, a 4.64% increase year-on-year[8] - Net profit attributable to shareholders decreased by 0.30% to CNY 21,501,868.32 compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 13.59% to CNY 18,415,558.42 compared to the same period last year[8] - Basic earnings per share decreased by 19.50% to CNY 0.1763 compared to the same period last year[8] - The weighted average return on net assets was 3.52%, a decrease of 3.06% compared to the same period last year[8] - The company expects a net profit attributable to shareholders to range from ¥69,610,300 to ¥80,051,800, reflecting a change of 0.00% to 15.00%[22] Assets and Liabilities - Total assets increased by 79.07% to CNY 830,705,867.57 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 92.23% to CNY 708,615,169.50 compared to the end of the previous year[8] - Cash and cash equivalents increased by 107.69% to ¥89,396,500.83 due to the receipt of raised funds[16] - Inventory rose by 45.32% to ¥122,913,226.75 primarily for increased raw material and semi-finished goods stock[16] - Other receivables increased by 70.35% to ¥9,547,793.21 mainly due to sales personnel's petty cash[16] - The company utilized idle raised funds for cash management, leading to a 1177.90% increase in other current assets to ¥253,928,458.81[16] Cash Flow - Net cash flow from operating activities increased by 609.14% to CNY 13,845,572.58 compared to the same period last year[8] - Operating cash flow net amount improved by 125.81% to ¥4,531,936.46 as collections increased compared to the previous year[19] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 4,911,939.85, primarily related to listing subsidies[9] - The company received government subsidies amounting to ¥5,211,758.11, a 90.97% increase compared to the previous year[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,880[12] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[21] Management Expenses - Management expenses increased by 31.62% to ¥36,164,709.80 mainly due to higher R&D investments[18] Investment Income - The company reported a 397.30% increase in investment income to ¥2,708,755.40 from financial products[18]