Group 1: Company Overview - AOHI Technology is a leader in portable energy system solutions, focusing on efficient energy exchange systems for portable devices [2] - The company was founded in 2004, initially entering the mobile charger market, and has since expanded into various sectors including IoT, PC, and new energy vehicles [2] - In 2021, AOHI achieved a revenue of 4.245 billion, with a compound annual growth rate (CAGR) of 38.52% over five years, and holds nearly 400 patents [2] Group 2: Market Performance - AOHI's market share in mobile chargers has reached 15% [3] - The average price of mobile chargers increased from approximately 13.48 yuan in 2021 to over 17 yuan in Q1 2022, reflecting a trend of rising prices due to increased power [3] - In the IoT sector, AOHI generated revenue of 567 million in 2021, marking a year-on-year growth of 69.8% [3] - The PC business also saw revenue of 190 million in 2021, with a year-on-year increase of 37.12% [3] Group 3: Strategic Partnerships and Brand Development - AOHI has established stable business collaborations with major IoT brands such as Xiaomi, Amazon, and Google, leveraging its advantages in technology and scale [3] - The company aims to enhance its production capabilities for high-power fast charging products and expand its product lines for Xiaomi and Vivo [3] - AOHI's self-owned brands, "AOHI" and "Yispeed," achieved sales revenue exceeding 40 million in 2021, with significant rankings in Tmall for chargers [4] Group 4: Competitive Advantages and Future Outlook - The company is focusing on enhancing its competitive edge in the electric vehicle control systems market, with ongoing investments in R&D for various control system solutions [4] - AOHI is optimizing its portable energy storage systems and upgrading charging solutions for electric vehicles [4] - The impact of rising chip prices is mitigated by stable partnerships with chip manufacturers and a strategy to increase the share of domestic chips, which currently exceeds 40% [5]

Revenue and Profit Growth - The company's revenue for Q3 2022 was ¥1,168,250,177.17, representing a 6.02% increase compared to ¥1,101,898,991.09 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥135,467,522.49, a significant increase of 56.78% from ¥86,403,801.96 in the previous year[5]. - The net profit excluding non-recurring gains and losses for Q3 2022 was ¥131,604,080.19, up 72.39% from ¥76,342,454.05 in the same period last year[5]. - The basic earnings per share for Q3 2022 was ¥0.54, a 45.95% increase from ¥0.37 in the same period last year[5]. - The net profit for the first nine months of 2022 reached CNY 381,551,656.10, a 53.62% increase compared to CNY 248,376,528.61 in the same period of 2021[15]. - Operating profit increased by 55.54% to CNY 432,443,246.17 from CNY 278,029,217.16 year-on-year[15]. - Total operating revenue for the current period reached ¥3,349,060,065.15, an increase of 12.92% compared to ¥2,966,373,603.88 in the previous period[28]. - Net profit for the current period was ¥381,551,656.10, an increase of 53.61% compared to ¥248,376,528.61 in the previous period[31]. - Basic earnings per share for the current period was ¥1.59, up from ¥1.06 in the previous period[34]. Asset and Equity Growth - The total assets as of September 30, 2022, were ¥7,137,782,660.80, reflecting a 41.05% increase from ¥5,060,558,595.66 at the end of the previous year[5]. - The equity attributable to shareholders increased by 80.64% to ¥4,513,396,097.80 from ¥2,498,623,550.30 at the end of the previous year[5]. - The company's total assets reached RMB 7,137,782,660.80, an increase from RMB 5,060,558,595.66 at the beginning of the year[22]. - The company's equity attributable to shareholders increased to RMB 4,513,396,097.80 from RMB 2,498,623,550.30, reflecting strong growth in retained earnings[27]. - The company reported a significant increase in capital reserves to RMB 2,833,370,803.60 from RMB 1,211,279,641.86, highlighting enhanced financial strength[27]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥413,672,131.66, a 71.98% increase compared to ¥240,535,987.33 in the same period last year[5]. - The company reported a significant increase in cash and cash equivalents, which rose by 107.92% to ¥3,560,374,409.81 due to funds raised from a private placement[9]. - Cash inflow from operating activities totaled ¥4,068,559,071.61, compared to ¥3,135,649,565.19 in the previous period, marking a significant increase[35]. - The total cash and cash equivalents at the end of the period amounted to $3,120,684,062.20, compared to $1,434,238,543.12, marking an increase of approximately 117%[38]. - The company paid $47,048,725.69 in dividends and interest, slightly down from $54,831,060.74[38]. Investment and Financial Activities - The company also saw a dramatic increase in trading financial assets, which rose by 3052.41% to ¥50,010,833.33 due to increased investments in financial products[9]. - Cash inflow from investment activities totaled $1,791,401,495.53, a decrease from $4,209,527,683.09, reflecting a decline of about 57.6%[38]. - The net cash flow from investment activities was negative at -$446,083,836.95, compared to -$339,306,800.18 in the previous period[38]. - Cash inflow from financing activities reached $2,177,571,129.46, significantly higher than $366,108,355.72, indicating a substantial increase[38]. - The net cash flow from financing activities was $1,815,596,457.75, a turnaround from -$8,055,684.68 in the prior period[38]. Operational Efficiency and Management - The inventory decreased to RMB 534,593,364.20 from RMB 661,294,993.74, suggesting improved inventory management[22]. - The company's accounts receivable stood at RMB 1,329,341,556.11, showing a slight decrease from RMB 1,337,535,311.91, indicating stable collection performance[22]. - Research and development expenses increased to ¥165,377,414.86, up from ¥138,247,603.18 in the previous period, indicating a focus on innovation[28]. - The company reported a significant increase in cash received from sales of goods and services, totaling ¥3,921,384,848.45, compared to ¥2,982,835,941.22 in the previous period[35]. Guidance and Future Outlook - The company provided guidance for continued growth in revenue and profit margins, driven by new product developments and market expansion strategies[5].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,180,809,887.98, representing a 16.97% increase compared to the same period last year[29]. - The net profit attributable to shareholders of the listed company reached ¥245,630,810.43, marking a 51.37% increase year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥238,869,273.72, up 59.64% from the previous year[29]. - Basic earnings per share were ¥1.05, reflecting a 52.17% increase year-on-year[29]. - The total assets at the end of the reporting period amounted to ¥5,367,471,540.89, an increase of 6.06% from the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were ¥2,704,182,560.78, which is an 8.23% increase compared to the previous year[29]. - The weighted average return on net assets was 9.39%, up from 7.18% in the previous year[29]. - The total revenue for the period reached RMB 112,073.9 million, with a net profit of RMB 4,528.8 million[88]. - The company's total comprehensive income for the first half of 2022 was approximately ¥253.92 million, compared to ¥157.76 million in the same period of 2021, representing a growth of 60.8%[199]. Cash Flow and Investments - The net cash flow from operating activities was ¥301,145,949.94, a significant increase of 329.09% compared to the same period last year[29]. - The net increase in cash and cash equivalents was ¥35,292,970.20, a turnaround from a decrease of ¥170,481,208.86 in the previous period, marking a 120.70% improvement[57]. - The company experienced a 151.01% increase in net cash flow from financing activities, amounting to ¥22,055,263.82, primarily due to the recovery of bank acceptance bill deposits[54]. - The company reported a total investment of 120,057,542.00 yuan during the reporting period, representing a 300.19% increase compared to the same period last year[66]. - The company has ongoing investments in the smart terminal accessories production project with a cumulative actual investment of 402,863,066.26 yuan, achieving 65.14% of the planned progress[72]. Research and Development - The company has increased its R&D investment to enhance product performance and meet customer demands[51]. - Research and development investment increased by 14.92% to ¥98,714,602.70, indicating the company's commitment to enhancing R&D efforts[54]. - Research and development expenses for the first half of 2022 amounted to approximately ¥46.38 million, an increase of 19.5% from ¥38.81 million in the same period of 2021[199]. Market and Operational Risks - The management has highlighted potential risks in the company's operational development in the report[4]. - The company is facing market competition risks, particularly in the consumer electronics sector, and is enhancing R&D and operational management to improve competitiveness[96]. - Raw material costs significantly impact the company's gross margin, and the company is implementing strategies to mitigate price volatility risks[97]. - The ongoing COVID-19 pandemic continues to pose operational challenges, but the company is adapting through flexible manufacturing across multiple locations[99]. Strategic Initiatives - The company is actively expanding into the new energy vehicle sector through acquisitions and strategic partnerships[51]. - The company has established strategic partnerships with major clients in the IoT ecosystem, including Xiaomi and Huawei[45]. - The company has developed a global intelligent manufacturing platform with an annual output of over 300 million charging products[44]. - The company has established five major intelligent manufacturing bases globally, enhancing its flexible manufacturing capabilities[44]. Shareholder Information - The total number of shares before the change was 235,040,000, with 74.32% being limited sale condition shares[155]. - The largest shareholder, Shenzhen Aohai Technology Co., Ltd., holds 46.46% of the total shares, amounting to 109,200,000 shares[160]. - The total number of shareholders at the end of the reporting period was 21,282[160]. Compliance and Governance - The company has maintained compliance with environmental laws and regulations throughout the reporting period[109]. - The company has implemented measures to reduce carbon emissions and has passed the ISO14001:2015 environmental management system certification[109]. - There were no significant legal disputes or arbitration matters during the reporting period[119]. - The company has no significant related party transactions during the reporting period[122].

Financial Performance - The company's operating revenue for 2021 was CNY 4,245,275,728.60, representing a 44.14% increase compared to CNY 2,945,202,862.22 in 2020[30]. - The net profit attributable to shareholders for 2021 was CNY 343,509,318.85, a 4.40% increase from CNY 329,037,523.28 in 2020[30]. - The net cash flow from operating activities decreased by 44.36% to CNY 357,035,941.41 in 2021 from CNY 641,658,470.33 in 2020[30]. - The company's total assets increased by 20.53% to CNY 5,059,069,805.68 at the end of 2021, up from CNY 4,197,474,210.82 at the end of 2020[30]. - The net assets attributable to shareholders increased by 12.69% to CNY 2,497,510,695.35 at the end of 2021 from CNY 2,216,171,184.66 at the end of 2020[30]. - The company reported a decrease in basic and diluted earnings per share to CNY 1.46 in 2021, down 13.10% from CNY 1.68 in 2020[30]. - The company achieved a revenue of 4,245.28 million yuan in 2021, representing a growth of 44.14% compared to the previous year[92]. - The net profit attributable to shareholders reached 343.51 million yuan, an increase of 4.40% year-on-year[92]. - Charger and adapter sales accounted for ¥3,912,664,316.50, which is 92.17% of total revenue, with a year-on-year growth of 40.45%[109]. - Domestic sales contributed ¥3,233,175,539.64, making up 76.16% of total revenue, with a year-on-year increase of 52.71%[108]. Market Expansion and Product Development - The company plans to expand its product offerings and applications in the portable energy market, which is expected to grow significantly[44]. - The company is actively expanding its business in wireless chargers, PC, IoT smart terminals, and power tools, enhancing its market share in the power supply sector[60]. - The company is focusing on the development of high-power fast charging technology, with major brands pushing for charging power to exceed 100W[45]. - The company has established stable business partnerships with international brands such as Amazon, Google, and Bestbuy, enhancing its global market presence[191]. - The company is focusing on expanding its product lines to include power supplies for PCs, power tools, and data centers, leveraging its existing technology and market experience[193]. - The company is actively developing high-power chargers over 100W and GaN chargers, aiming to increase market share in the fast-charging segment[197]. - The company plans to enhance its production capacity for high-power fast chargers, with a focus on developing 68W, 80W, 100W, 120W, 140W, and 160W chargers based on customer needs[192]. - The company has plans for market expansion and new product development in the wearable smart devices and smart home consumer devices sectors[157]. Research and Development - The company has a strategic focus on R&D, with ongoing collaborations with universities to advance power technology[79]. - R&D expenses reached 206 million RMB, a year-on-year increase of 43.38%, accounting for 4.84% of total revenue[93]. - The company has obtained 35 patents and 11 software copyrights in the wireless charger field, indicating a strong commitment to innovation and product development[64]. - The company holds a total of 379 patents, including 26 invention patents and 226 utility model patents[79]. - The company has developed core technologies that allow for a 20% reduction in transformer size, enhancing product competitiveness[93]. - The company is investing in research and development for wireless charging technology, aiming to improve power levels and efficiency[197]. - The company has established a digital simulation design platform and formed specialized R&D teams to drive innovation[93]. - The company has implemented a risk management system to assess and control credit risk and operational risk related to derivative investments[170]. Cash Flow and Investments - Operating cash inflow totaled CNY 4,423,011,129.85, an increase of 44.00% compared to CNY 3,071,437,530.14 in 2020[131]. - Investment cash inflow surged by 402.14% to CNY 5,316,921,782.74 from CNY 1,058,855,920.04 in 2020[132]. - Net cash flow from investing activities was negative at CNY -537,738,393.23, worsening by 99.60% from CNY -269,412,437.86 in 2020[132]. - The company reported a fair value change gain of ¥1,428,460.80 in financial assets during the reporting period[144]. - The company has a total of ¥11,186,433.40 in financial assets at the end of the reporting period[144]. - The company reported a fair value change gain of RMB 39,579,090 from derivative investments during the reporting period[170]. - The company has approved the use of up to CNY 720 million of idle raised funds for cash management, with CNY 200 million still not due as of December 31, 2021[176]. Strategic Acquisitions and Partnerships - The company has acquired 82% of Suling Communication to strengthen its position in the wireless charger market, with products like high-speed rail wireless chargers already in mass production[72]. - The company has acquired 35% of Zhixin Control to expand its business in the new energy vehicle sector, enhancing its competitive capabilities in this field[73]. - The company made a strategic acquisition of 82% in Suoling Communication for ¥14,650,000, which has been completed[149]. - The company has established long-term stable partnerships with major clients in the mobile charger sector, including Xiaomi, Huawei, and OPPO, which enhances its market share as smartphone brand concentration increases[61]. Production and Manufacturing - The production capacity exceeded 220 million units in 2021, supported by four manufacturing bases in Dongguan, Jiangxi, India, and Indonesia[83]. - The average pass rate of products from the manufacturing bases reached over 99.5% in 2021[89]. - The company has implemented a lean production model to improve manufacturing efficiency and reduce production cycle times[83]. - The company has completed the development of mainstream data power supplies of 550W and 800W, with 1300W and 3600W models under development, anticipating significant growth in 2022[68]. Market Trends and Projections - The global smartphone shipment is expected to reach 1.4 billion units in 2022, with the wired charger market projected to reach $11.431 billion[51]. - The global GaN charger market is anticipated to grow at a compound annual growth rate (CAGR) of over 90% from 2020 to 2025, exceeding 60 billion yuan by 2025[51]. - The global wireless charging market is expected to grow from $4.5 billion in 2021 to $13.4 billion by 2026, with a CAGR of 24.6%[52]. - The global PC market's total shipment reached 499 million units in 2021, growing by 8.9% from 2020, with a projected CAGR of 3.5% from 2021 to 2025[52]. - The global wearable device shipment reached 533.6 million units in 2021, a year-on-year increase of 20%, with expectations to reach 800 million units by 2025[53]. - Global sales of new energy vehicles reached nearly 6.5 million units in 2021, a 108% increase from 2020, with expectations to reach 10 million units in 2022[57].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,106,795,010.50, representing a 29.78% increase compared to CNY 852,841,642.34 in the same period last year[4] - The net profit attributable to shareholders was CNY 104,524,559.81, up 26.99% from CNY 83,191,997.73 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 97,258,312.08, an increase of 23.18% from CNY 79,837,085.28 year-on-year[4] - The basic earnings per share for Q1 2022 was CNY 0.44, a 25.71% increase from CNY 0.35 in the same period last year[4] - The weighted average return on equity was 4.10%, up from 3.68% in the previous year[4] - The company reported a comprehensive income total of ¥102,236,190.98, an increase from ¥82,075,348.55 in the previous period, reflecting a growth of 24.5%[34] - Net profit for the current period was ¥104,424,995.31, representing a 27.0% increase from ¥82,215,663.93 in the previous period[31] Cash Flow - The net cash flow from operating activities was CNY 64,932,955.70, reflecting a 20.18% increase compared to CNY 54,961,951.43 in the same quarter last year[4] - Operating cash inflow for the current period was $1,258,112,860.46, up from $828,971,957.24 in the previous period, representing a growth of approximately 51.8%[37] - The net cash flow from operating activities increased to $64,932,955.70 from $54,028,011.92, reflecting a rise of about 20.5%[37] - Cash inflow from investment activities totaled $740,511,656.11, compared to $260,825,479.45 in the prior period, marking an increase of approximately 184.5%[39] - The net cash flow from investment activities was -$125,828,379.95, an improvement from -$801,929,977.86 in the previous period[39] - Cash inflow from financing activities was $165,154,846.79, compared to $45,074,761.37 in the prior period, indicating a significant increase of about 267.5%[39] - The net cash flow from financing activities improved to $75,435,509.34 from -$48,688,014.38, showing a positive turnaround[39] - The ending balance of cash and cash equivalents was $1,245,395,445.31, up from $747,089,905.45, reflecting an increase of approximately 66.8%[39] - Cash received from other operating activities was $14,826,268.65, compared to $7,628,907.95 in the previous period, representing an increase of about 94.5%[37] - Total cash outflow from investment activities was $866,340,036.06, down from $1,062,755,457.31, indicating a decrease of approximately 18.5%[39] - The cash flow from sales of goods and services reached $1,211,844,864.97, significantly higher than $790,796,437.28 in the previous period, marking an increase of about 53.3%[37] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,138,302,627.74, a 1.54% increase from CNY 5,059,069,805.68 at the end of the previous year[7] - The total current assets amount to 3,881,118,687.47 RMB, a slight decrease from 3,904,437,159.99 RMB at the beginning of the year[19] - The total assets of the company are 5,138,302,627.74 RMB, an increase from 5,060,558,595.66 RMB at the beginning of the year[22] - The total liabilities amount to 2,395,401,053.67 RMB, a decrease from 2,436,523,931.82 RMB at the beginning of the year[24] - The total liabilities decreased slightly to ¥2,536,641,774.12 from ¥2,559,480,137.42, a reduction of 0.9%[26] - The equity attributable to shareholders increased by 4.03% to CNY 2,599,406,324.93 from CNY 2,497,510,695.35 at the end of the previous year[7] - The equity attributable to shareholders of the parent company rose to ¥2,599,406,324.93, up from ¥2,498,623,550.30, marking a growth of 4.0%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,429[14] - Shenzhen Aohai Technology Co., Ltd. holds 46.46% of shares, totaling 109,200,000 shares[14] - Liu Lei, a natural person, holds 13.27% of shares, totaling 31,200,000 shares[14] Other Financial Metrics - The company reported a significant increase in other receivables by 316.44% to CNY 26,551,721.92, primarily due to deposits for public listing projects[10] - The company experienced a 103.37% increase in selling expenses, totaling CNY 15,341,617.31, mainly due to increased employee compensation and brand promotion expenses[12] - The company has a long-term equity investment of 46,347,034.52 RMB[22] - The company reported a decrease in inventory from 661,294,993.74 RMB to 659,312,330.51 RMB[19] - Total operating costs amounted to ¥999,968,737.30, up 32.7% from ¥753,399,594.06 in the previous period[31] - Research and development expenses were not explicitly detailed but are part of the overall operating costs[31] - The company continues to explore market expansion opportunities and new product development strategies[31]

Financial Performance - The company's revenue for Q3 2021 reached ¥1,101,792,796.37, representing a year-over-year increase of 19.37%[5] - Net profit attributable to shareholders was ¥86,747,186.80, a decrease of 18.59% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥76,685,838.89, down 29.86% year-over-year[5] - Basic earnings per share for the period was ¥0.36, a decline of 33.33% compared to the same quarter last year[5] - The weighted average return on equity was 3.67%, down 4.27% from the previous year[5] - Total operating revenue for the third quarter of 2021 reached ¥2,966,267,409.16, an increase of 43.6% compared to ¥2,064,116,319.90 in the same period last year[32] - The company reported a total profit of CNY 281,666,308.52, compared to CNY 274,230,201.12 in the previous period, which is an increase of about 2.7%[35] Assets and Liabilities - The total assets as of September 30, 2021, amounted to ¥4,776,930,397.20, reflecting a 13.80% increase from the end of the previous year[5] - Total liabilities increased to ¥2,364,342,734.99, compared to ¥1,981,292,961.01, marking an increase of 19.3%[31] - The total current assets were 3,550,311,711.46, showing a decrease of 447,791.79 from the previous period[48] - The total non-current assets increased to 662,118,447.05, an increase of 15,403,739.48 compared to the previous period[48] Cash Flow - Cash flow from operating activities for the year-to-date was ¥241,952,554.56, an increase of 31.55% compared to the same period last year[5] - The cash flow from operating activities was CNY 241,952,554.56, compared to CNY 183,925,763.38 in the previous period, showing an increase of approximately 31.5%[39] - The net cash flow from investment activities was -339,336,800.18, a decrease of 629,287,608.04 compared to the previous period[45] - The total cash inflow from financing activities was 364,108,355.72, down from 1,396,814,790.81 in the previous period[45] Inventory and Receivables - Accounts receivable increased by 31.11% to ¥1,195,898,938.47, primarily due to higher sales[10] - Inventory increased by 72.70% to approximately $615.43 million due to increased customer orders and strategic material stocking[14] - Accounts receivable increased to ¥1,195,898,938.47, up 31.2% from ¥912,145,807.81 year-over-year[24] Investments and R&D - R&D expenses grew by 49.39% to approximately $136.90 million, reflecting increased investment in research and development[14] - The investment income for the current period was CNY 17,364,783.77, significantly higher than CNY 6,713,512.89 in the previous period, indicating an increase of about 158.5%[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,107, with no preferred shareholders[16] - The company reported a total equity attributable to shareholders of ¥2,410,174,748.45, an increase of 8.75% from the end of the previous year[8] - Total equity attributable to shareholders of the parent company is approximately 2.22 billion, with a total equity of 2.22 billion[55] Other Financial Metrics - Cash and cash equivalents decreased to ¥1,802,484,887.09 from ¥2,021,756,626.73, a decline of 10.8%[24] - The comprehensive income total for the current period was CNY 248,118,969.58, compared to CNY 235,080,047.44, reflecting an increase of about 5.3%[38] - The company reported a decrease in other comprehensive income, with a net amount of CNY -1,971,081.32 compared to CNY -2,926,625.70 in the previous period[38] - The third quarter report has not been audited, which may affect the reliability of the financial data presented[55]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,864,474,612.79, representing a 63.39% increase compared to CNY 1,141,148,371.95 in the same period last year[37]. - The net profit attributable to shareholders of the listed company was CNY 163,467,249.19, up 24.36% from CNY 131,451,627.37 year-on-year[37]. - The net profit after deducting non-recurring gains and losses was CNY 150,830,920.53, reflecting a 19.77% increase from CNY 125,931,028.21 in the previous year[37]. - The net cash flow from operating activities was CNY 71,260,850.89, which is a 54.69% increase compared to CNY 46,066,675.89 in the same period last year[37]. - Total assets at the end of the reporting period were CNY 4,616,320,488.65, a 9.98% increase from CNY 4,197,474,210.82 at the end of the previous year[37]. - The net assets attributable to shareholders of the listed company were CNY 2,321,090,278.43, up 4.73% from CNY 2,216,171,184.66 at the end of the previous year[37]. - Basic earnings per share decreased by 6.67% to CNY 0.70 from CNY 0.75 in the same period last year[37]. - The weighted average return on net assets was 7.18%, down 8.28% from 15.46% in the previous year[37]. Business Development and Strategy - The company has established long-term stable partnerships with major clients including Xiaomi, Huawei, and OPPO in the smartphone charger sector[52]. - The company has developed 31 patents in the wireless charger field and has supplied products to international clients such as Best Buy and Google[53]. - The company has begun mass production of customized PC power supplies, collaborating with clients like Huawei and ASUS[54]. - The company is expanding its business into the power supply sector for servers, driven by the demand from industrial internet and big data centers[60]. - The company plans to enhance its brand presence with the launch of its own brands "AOHI" and "移速" across various online platforms[61]. - The company aims to increase its market share in the wireless charger segment by leveraging its existing customer resources and technological advantages[51]. - The company aims to enhance sales revenue and market share of wired chargers in the mobile phone sector, targeting key clients such as Xiaomi, Huawei, and OPPO[62]. - The company is actively exploring the power supply market for cordless power tools, anticipating significant growth potential in this area[59]. Market Trends and Projections - The global wired charger market is projected to reach $11.431 billion in 2022, with standard chargers accounting for $8.688 billion (76%) and fast chargers for $2.743 billion (24%)[63]. - The wireless charging market is expected to grow from $4.5 billion in 2021 to $13.4 billion by 2026, with a compound annual growth rate (CAGR) of 24.6%[63]. Operational Efficiency and Production - The company’s production capacity exceeded 210 million units in 2020, supported by new automated production lines and a smart manufacturing MES system[71]. - The company maintains strong bargaining power with suppliers due to its large-scale production, which helps reduce raw material costs[72]. - The company has achieved a stock turnover rate that is relatively advantageous within the industry, contributing to cost efficiency[72]. - The average direct pass rate for products across manufacturing bases reached over 99%, with some products achieving a pass rate of 99.6%[76]. Research and Development - Research and development investment surged by 101.55% to ¥85,048,061.12, indicating the company's commitment to enhancing R&D efforts[77]. - The company has developed a range of wired chargers from 2.5W to 120W, with ongoing research for 80W wireless chargers and higher power options[68]. - The company is focusing on the research and development of new electronic products and communication technologies[102]. Financial Management and Investments - The company reported a total non-recurring profit of 12,636.33 million yuan after tax adjustments[44]. - The company reported a net decrease in cash and cash equivalents of ¥170,433,050.81, a decline of 281.07% primarily due to increased long-term asset expenditures[79]. - The company has invested 39,585,164.7 RMB in the smart terminal components project, with a cumulative investment of 218,932,980 RMB, representing 35.40% of the expected return[106]. - The wireless charger production line project has a total investment of 64,573,707.58 RMB, with a cumulative investment of 64,608,933.94 RMB, indicating a 20.85% completion rate[109]. Risks and Challenges - The company faces significant market competition, with risks related to market expansion and technological upgrades in the consumer electronics sector[121]. - The company is exposed to raw material price fluctuation risks, which could adversely affect profitability if prices rise significantly[122]. - The ongoing global COVID-19 pandemic poses risks to the company's performance, especially if overseas outbreaks are not effectively controlled, potentially impacting both domestic and international operations[128]. - The company has seen a continuous increase in accounts receivable as its business scales up, posing a risk of uncollectible accounts if customer credit deteriorates[126]. - The company is significantly affected by exchange rate fluctuations, particularly with a large proportion of its products being exported, which can impact price competitiveness and lead to performance volatility[127]. Shareholder Information - The largest shareholder, Shenzhen Aohai Technology Co., Ltd., holds 109,200,000 shares, representing 46.46% of the total shares[193]. - Liu Lei, a significant shareholder, holds 31,200,000 shares, accounting for 13.27% of the total shares[193]. - The company has 176,280,000 restricted shares after the recent changes, which accounts for 75% of the total shares[184]. - The total number of shares before the change was 180,800,000, with a total increase of 54,240,000 shares, leading to a new total of 235,040,000 shares, maintaining a 100% ownership structure[184].

Financial Performance - The company's revenue for Q1 2021 was ¥852,841,642.34, representing an increase of 86.58% compared to ¥457,100,627.95 in the same period last year[8] - Net profit attributable to shareholders was ¥83,191,997.73, up 74.27% from ¥47,736,803.77 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥79,837,085.28, reflecting a 77.42% increase from ¥44,999,855.63 in the previous year[8] - The basic earnings per share increased by 31.43% to ¥0.46 from ¥0.35 in the same period last year[8] - The company's operating revenue for Q1 2021 reached CNY 852,841,642.34, an increase of 86.58% compared to CNY 457,100,627.95 in Q1 2020[21] - Total operating revenue for the first quarter of 2021 was CNY 852,841,642.34, a significant increase from CNY 457,100,627.95 in the same period last year, representing an increase of approximately 86.5%[62] - Net profit for the current period was ¥83,192,883.99, compared to ¥47,736,691.95 in the previous period, indicating an increase of about 74.5%[69] - The company achieved a total profit of ¥94,688,407.16, up from ¥53,922,308.41, representing an increase of about 75.7%[69] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,567,516,811.57, an increase of 8.82% from ¥4,197,474,210.82 at the end of the previous year[8] - The net assets attributable to shareholders increased by 3.75% to ¥2,299,222,903.72 from ¥2,216,171,184.66 at the end of the previous year[8] - Total assets increased significantly, with trading financial assets rising by 2040.01% to CNY 431,381,702.99 from CNY 20,157,972.60[21] - The company's total liabilities increased to CNY 3,200,000,000, reflecting a growth from the previous period, with specific liabilities such as accounts payable rising to CNY 968,333,364.00 from CNY 871,711,750.56, an increase of approximately 11.1%[50] - The total liabilities increased to CNY 1,331,383,619.75 from CNY 1,284,864,196.35, reflecting a rise of approximately 3.6%[62] - The company's total liabilities and equity amounted to CNY 4,567,516,811.57, compared to CNY 4,197,474,210.82, indicating an increase of approximately 8.8%[56] Cash Flow - The net cash flow from operating activities was ¥54,961,951.43, a decrease of 57.88% compared to ¥130,500,805.86 in the same period last year[8] - The company reported a net cash flow from operating activities of CNY 54,961,951.43, a decrease of 57.88% from CNY 130,500,805.86 in the previous year[23] - The company's cash and cash equivalents decreased to CNY 1,542,041,167.87 from CNY 2,021,756,626.73, reflecting a decline of approximately 23.7%[47] - Cash outflow from operating activities totaled CNY 774,009,622.65, up 15.5% from CNY 670,472,720.70 in the previous period[79] - The ending cash and cash equivalents balance was CNY 746,760,938.62, a decrease from CNY 332,995,090.31 in the previous period[82] - The company’s cash and cash equivalents decreased by CNY 796,854,278.53 during the current period, compared to an increase of CNY 126,323,324.26 in the previous period[82] Research and Development - R&D expenses surged by 134.19% to CNY 39,772,317.68, up from CNY 16,982,827.35, indicating a significant increase in investment in new technologies[21] - Research and development expenses increased to ¥39,772,317.68 from ¥16,982,827.35, reflecting a growth of approximately 134%[72] Shareholder Information - The company reported a total of 31,819 common shareholders at the end of the reporting period[12] - The total equity attributable to shareholders of the parent company reached CNY 2,299,222,903.72, up from CNY 2,216,171,184.66, indicating an increase of about 3.7%[56] - The company’s total equity increased from ¥1.706 billion to ¥2.216 billion, reflecting growth in shareholder value[93] Risk Management - The company plans to conduct forward foreign exchange settlement and sales to hedge against exchange rate risks, aiming to stabilize export operations[32] - The company has established strict internal evaluations and regulatory mechanisms for conducting forward foreign exchange business to effectively control risks[32] - The company reported a risk analysis regarding exchange rate fluctuations, emphasizing the potential impact on export operations and foreign exchange losses[32] - The company has committed to enhancing accounts receivable management and increasing export credit insurance to mitigate customer default risks[32]

Financial Performance - The company reported a total revenue of RMB 180 million for the year 2020, representing a year-on-year increase of 15%[4]. - The company's operating revenue for 2020 was ¥2,945,202,862.22, representing a 27.17% increase compared to 2019[23]. - The net profit attributable to shareholders for 2020 was ¥329,037,523.28, which is a 48.53% increase from the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥316,125,669.26, showing a 49.55% increase year-on-year[23]. - The net cash flow from operating activities reached ¥641,658,470.33, marking a significant increase of 110.48% compared to 2019[23]. - The total assets at the end of 2020 amounted to ¥4,197,474,210.82, an increase of 89.23% from the end of 2019[23]. - The net assets attributable to shareholders at the end of 2020 were ¥2,216,171,184.66, reflecting a substantial growth of 182.53% year-on-year[23]. - The company achieved operating revenue of 294,520.29 million CNY in 2020, a year-on-year increase of 27.17%[62]. - Operating profit reached 37,473.88 million CNY, reflecting a growth of 47.57% compared to the previous year[62]. - The company’s net profit attributable to shareholders for 2020 was 32,903.75 million CNY, up 48.53% year-on-year[62]. Market Expansion and Product Development - The company plans to expand its market presence by increasing production capacity by 20% in the next fiscal year[4]. - The company aims to launch three new products in the upcoming year, targeting a 25% increase in market share[4]. - Future outlook suggests a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[4]. - The company is actively expanding its product offerings, including PD chargers, GaN chargers, and wireless chargers, to capture new market opportunities[79]. - The company plans to enhance wired charger sales and market share by tapping into the potential needs of key clients like Xiaomi, Huawei, and OPPO[48]. - The company is focusing on high-value products, optimizing its product structure to increase the proportion of high-margin offerings[64]. - The company has established partnerships with major international brands such as Xiaomi, Huawei, and Amazon, aiming to increase market penetration in these segments[158][159]. - The company plans to enter two new international markets by the end of 2021[200]. Research and Development - Research and development expenses accounted for 10% of total revenue, indicating a strong focus on innovation and new product development[4]. - The company has obtained a total of 269 patents, including 25 invention patents, 176 utility model patents, and 68 design patents[39]. - The company invested $500 million in R&D for new technologies, aiming to enhance product offerings[200]. - R&D investment amounted to 143 million CNY, a 43.17% increase, representing 4.87% of operating revenue[70]. - The company has developed and implemented several new technologies, including USB laser engraving and character detection equipment, enhancing production efficiency and reducing energy consumption[74]. - The company is focusing on R&D innovation, particularly in wireless charging technology, IC chips, and high-power storage technology[157]. User Growth and Customer Engagement - User data indicates a growth in active users by 30% year-on-year, reaching 1.5 million active users[4]. - User base grew to 50 million active users, a 20% increase compared to the previous year[200]. - Customer satisfaction ratings increased to 90%, reflecting improved service and product quality[200]. Financial Management and Investments - The company has established a risk management framework to mitigate operational and legal risks related to its financial activities[138]. - The total amount of funds raised in 2020 was RMB 1,120,738,981.13 after deducting issuance costs[141]. - The company reported a total investment of ¥89,000,000.00 during the reporting period, a 196.67% increase compared to ¥30,000,000.00 in the previous year[117]. - The company has completed a long-term equity investment in a subsidiary[123]. - The company has established a mechanism for share reduction that includes centralized bidding, block trading, and agreement transfers[189]. Dividend Policy - The profit distribution plan includes a cash dividend of RMB 3 per 10 shares, totaling RMB 54 million, based on 180,800,000 shares[4]. - The company declared a cash dividend of CNY 54,240,000.00 for the year 2020, which accounts for 16.48% of the net profit attributable to shareholders[179]. - The total distributable profit for the year 2020 was CNY 243,794,275.05, with the cash dividend representing 100% of the profit distribution[180]. - No profit distribution was made in the years 2018 and 2019, indicating a significant change in the company's dividend policy in 2020[178]. Strategic Acquisitions - The company has identified potential acquisition targets to enhance its technological capabilities and market reach[4]. - The company completed a strategic acquisition of a competitor for $1 billion, expected to enhance market share[200]. - The company acquired Shenzhen Xinsanmeng Technology Co., Ltd. to open new business channels and increase competitiveness[153]. Operational Efficiency - The company has established partnerships with two new suppliers to improve supply chain efficiency and reduce costs[4]. - The average product pass rate across manufacturing bases reached over 99% in 2020, with some products achieving a pass rate of 99.6%[58]. - The company has implemented a smart manufacturing MES system, aiming for over 90% coverage in production lines to enhance efficiency[73]. - The company has established four manufacturing bases with a production capacity exceeding 210 million units, enhancing its scale manufacturing capabilities[54]. Market Risks and Challenges - The company faces market risks due to intense competition from both domestic and international players in the smart energy sector[163]. - Fluctuations in raw material prices pose a significant risk to the company's profitability, impacting production costs and gross margins[164]. - The ongoing global COVID-19 pandemic may adversely affect the company's performance, particularly in overseas markets[170].

Financial Performance - Operating revenue for the period reached CNY 922,967,947.95, a 46.99% increase year-on-year[9] - Net profit attributable to shareholders was CNY 106,553,992.56, up 39.11% compared to the same period last year[9] - Net profit excluding non-recurring gains and losses was CNY 109,335,800.24, reflecting a 42.65% increase year-on-year[9] - Basic earnings per share were CNY 0.71, representing a 26.79% increase compared to the same period last year[9] - The net profit for the period was CNY 687,447,154.66, compared to CNY 449,441,534.73 in the previous year, marking an increase of approximately 53%[58] - The net profit for the current period was ¥238,006,673.14, representing a growth of 52.2% from ¥156,299,758.20 in the previous period[86] - The total comprehensive income for the current period was ¥102,616,388.28, compared to ¥74,459,219.88 in the previous period, indicating a growth of 37.8%[74] Asset and Liability Management - Total assets increased by 63.19% to CNY 3,619,785,023.62 compared to the end of the previous year[9] - The company's total liabilities decreased by 33.89% for notes payable, reflecting reduced use of bank acceptance bills[22] - Total liabilities were reported at CNY 1,479,547,611.04, slightly up from CNY 1,433,732,056.05, showing a modest increase[55] - Total liabilities reached ¥1,056.49 billion, with current liabilities at ¥1,033.49 billion and non-current liabilities at ¥22.99 billion[129] - The total liabilities to equity ratio stands at approximately 1.83, indicating a leveraged position[123] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 32.15% to CNY 137,859,087.49 compared to the previous year[9] - The net cash flow from operating activities was 183,925,763.38, a decrease of 40.5% compared to 308,719,397.43 in the previous period[102] - Cash and cash equivalents at the end of the period totaled 958,784,713.67, up from 229,235,308.17 in the previous period, indicating a strong liquidity position[105] - The net increase in cash and cash equivalents was 762,112,947.62, compared to 88,205,135.10 in the previous period, indicating improved cash management[105] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,407[13] - The largest shareholder, Shenzhen Aohai Technology Co., Ltd., holds 46.46% of the shares[13] - The company's equity attributable to shareholders reached CNY 2,140,226,885.27, a substantial rise from CNY 784,408,550.90 year-over-year[58] Research and Development - Research and development expenses grew by 31.92% to ¥91,636,530.96, reflecting higher investment in R&D activities[22] - Research and development expenses increased to ¥49,440,001.01, up from ¥24,590,473.94, indicating a focus on innovation and product development[68] - Research and development expenses increased significantly to ¥30,561,399.65, up from ¥15,535,649.15, marking a 96.5% rise[75] Investment and Financing Activities - The net cash flow from financing activities was ¥1,212,667,038.29, a significant increase attributed to funds received from the initial public offering[25] - The company raised a net amount of RMB 112,073.90 million from its initial public offering in August 2020[34] - The total amount of entrusted financial management reached CNY 83,650,000, with an outstanding balance of CNY 47,200,000[37] Risk Management - The company has implemented strict internal evaluations and established regulatory mechanisms for forward foreign exchange settlement operations to control risks effectively[33] - The company has emphasized the importance of managing accounts receivable risks and controlling overdue accounts[33] - The company has not reported any expected inability to recover principal or other impairment risks during the reporting period[39] Changes in Financial Reporting - The company has not reported any significant changes in accounting policies compared to the previous reporting period[33] - The company has implemented new revenue recognition standards effective from January 1, 2020, which may impact future financial reporting[132] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[61] - The company has plans for market expansion and new product development, as indicated by the increase in R&D spending and overall revenue growth[68]