深圳市兆威机电股份有限公司 投资者关系活动记录表 证券代码：003021 证券简称：兆威机电 编号：2022-011 | --- | --- | --- | |----------------|---------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | | √特定对象调研 □分析师会议 | | 类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | 参与单位名称 | 78 家机构（共 89 | 人）参与公司于 2022 年 10 月 28 日、 10 | | | 月 31 | 日举行的投资者交流会，其中包括： | | | | 鼎锋资产、汉和资本、高益私募、前海证券、财通证券、五地 | | | | 投资、永赢基金、招商证券、泓澄投资、东吴基金、领骥资本、 | | | | 磐厚动量资本、前海登程资产、云杉投资、弘毅远方基金、中 | | | ...

Financial Performance - The company's revenue for the third quarter was 311,867,137.05 CNY, representing an increase of 8.07% compared to the same period last year[4]. - The net profit attributable to shareholders was 47,490,201.68 CNY, showing a decrease of 12.06% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was 43,179,997.17 CNY, which is an increase of 31.28% compared to the same period last year[4]. - The basic earnings per share for the quarter was 0.28 CNY, reflecting a growth of 12.00% year-on-year[4]. - Operating revenue for the period was ¥780,669,787.44, down from ¥824,008,898.06 in the previous period, indicating a decline of about 5.3%[27]. - Net profit attributable to shareholders decreased to ¥102,556,532.25 from ¥130,993,306.05, representing a decline of about 21.7%[31]. - Total comprehensive income decreased to ¥107,626,758.67 from ¥131,707,927.55, a decline of about 18.3%[31]. - Total profit decreased to ¥108,617,744.76 from ¥141,652,637.01, a decline of about 23.3%[29]. Assets and Liabilities - Total assets as of September 30, 2022, were 3,454,291,538.36 CNY, an increase of 5.87% from the end of the previous year[6]. - Total current assets amounted to ¥2,562,503,983.64, a slight decrease from ¥2,577,848,840.79 on January 1, 2022[23]. - The company reported a total non-current assets of ¥891,787,554.72 as of September 30, 2022, up from ¥685,057,031.51 at the beginning of the year, indicating a growth of approximately 30.2%[25]. - Current liabilities totaled ¥487,793,233.34, compared to ¥364,863,958.87 at the start of the year, representing an increase of approximately 33.7%[27]. - The company's total liabilities amounted to ¥556,289,592.65, up from ¥435,898,689.03, marking an increase of around 27.6%[27]. - The total equity attributable to shareholders reached ¥2,898,001,945.71, an increase from ¥2,827,007,183.27, which is a growth of approximately 2.5%[27]. Cash Flow - Cash flow from operating activities for the year-to-date was 155,324,830.97 CNY, down 9.51% year-on-year[4]. - The net cash inflow from operating activities was 155,324,830.97, a decrease from 171,650,688.68 in the previous period, reflecting a decline of approximately 9.6%[36]. - Cash received from sales of goods and services decreased to ¥850,435,557.16 from ¥949,034,671.91, a decrease of approximately 10.4%[33]. - Cash received from investment activities totaled 1,250,127,994.00, significantly up from 586,679,453.79, marking an increase of about 113.3%[36]. - The net cash outflow from investment activities was -372,009,548.94, an improvement compared to -1,372,977,669.32 in the previous period[36]. - Cash inflow from financing activities amounted to 51,687,259.40, compared to 16,984,821.00 in the prior period, indicating a substantial increase of approximately 204.5%[37]. - The net cash flow from financing activities was 345,288.85, a recovery from -94,459,685.89 in the previous period[37]. - The ending balance of cash and cash equivalents was 212,027,123.54, down from 350,970,733.07, representing a decrease of about 39.5%[37]. Inventory and Investments - The company reported a significant increase in inventory, which reached 199,835,985.31 CNY, up 31.29% year-on-year due to increased sales orders[10]. - The company’s fixed assets increased by 109.03% to 646,471,533.77 CNY, primarily due to the commissioning of the Dongguan Zhaowei Industrial Park[10]. - The company’s long-term equity investments rose to ¥67,016,626.43, with other equity investments increasing from ¥13,859,300.60 to ¥17,808,175.96, indicating a positive trend in investment strategy[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 13,681, with the largest shareholder holding 35.49%[14]. - The largest shareholder, Shenzhen Qianhai Zhaowei Financial Holdings, held 60,800,000 shares[14]. Tax and Expenses - Tax and additional fees increased by 31.14% to ¥6,736,944.06 due to higher VAT payments[12]. - The company reported a 43.14% decrease in income tax expenses to ¥6,061,212.51 due to a decline in total profit[12]. - Other income decreased by 92.86% to ¥33,515.68, primarily due to a reduction in sporadic income[12]. - Non-operating expenses increased by 136.15% to ¥505,271.93, mainly due to increased losses from the scrapping of non-current assets[12]. - Research and development expenses decreased to ¥82,455,485.65 from ¥92,993,565.56, a decrease of approximately 11.3%[29]. - Cash paid for taxes was 42,485,801.53, up from 33,570,927.68, indicating an increase of about 26.5%[36]. - Cash paid to employees increased to 205,594,097.58 from 180,916,760.92, reflecting an increase of approximately 13.6%[36].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥468,802,650.39, a decrease of 12.44% compared to the same period last year[22]. - The net profit attributable to shareholders for the first half of 2022 was ¥55,066,330.57, down 37.86% year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥40,258,884.90, a decline of 46.59% compared to the previous year[22]. - The basic earnings per share for the first half of 2022 was ¥0.32, a decrease of 38.46% from the same period last year[22]. - The total assets at the end of the reporting period were ¥3,306,187,205.15, an increase of 1.33% from the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,855,186,510.03, up 1.00% from the previous year[22]. - The net cash flow from operating activities was ¥113,178,160.44, a slight decrease of 0.98% year-on-year[22]. - The weighted average return on net assets was 1.93%, down 1.23% from the previous year[22]. - The company's operating revenue for the reporting period was ¥468,802,650.39, a decrease of 12.44% compared to ¥535,422,465.12 in the previous year[59]. - The company's operating costs decreased by 7.50% to ¥339,579,931.36 from ¥367,113,721.55 year-on-year[59]. - Research and development investment was ¥53,027,532.14, down 12.63% from ¥60,696,076.67 in the previous year[59]. - The company reported a significant reduction in net cash flow from investing activities, decreasing by 66.03% to -¥410,360,459.93 from -¥1,208,128,608.13 in the previous year[61]. - The net increase in cash and cash equivalents was -¥318,734,706.48, a decrease of 73.12% compared to -¥1,185,622,668.44 in the previous year[61]. - The company's cash and cash equivalents decreased by 10.60%, amounting to CNY 103,166,872.37[67]. - Accounts receivable decreased by 1.36%, totaling CNY 257,074,989.19[67]. - Inventory increased by 1.17%, reaching CNY 193,109,045.84[67]. - The company reported a 41.41% decrease in foreign sales due to pandemic-related order reductions[65]. Business Strategy and Operations - The company is focusing on expanding into automotive electronics, smart healthcare, AR/VR, and industrial equipment sectors[32]. - The company has established a comprehensive R&D system across multiple business units, enhancing its innovation capabilities[33]. - The company plans to deepen management reforms, focusing on integrated product development and supply chain optimization[41]. - The company is actively expanding its market presence through online and offline channels, including trade shows and industry associations[39]. - The company is committed to enhancing its core competitiveness by integrating motor, gearbox, and controller technologies[40]. - The company has developed automated assembly production lines, significantly improving assembly accuracy and efficiency[48]. - The company has established a motor technology research and development department to enhance its design and development capabilities for new motor technologies[50]. - The company has successfully implemented various production processes, including plastic injection molding and powder metallurgy, for large-scale production[45]. - The company has completed innovative product designs in automotive electronics, with some products entering mass production[50]. - The company has developed a comprehensive design platform for gear transmission systems, enhancing reliability through strength analysis and verification[44]. Research and Development - R&D investment exceeded 50 million yuan during the reporting period, focusing on micro transmission and micro drive fields[46]. - The company has accumulated 317 authorized intellectual properties, including 33 invention patents, as of June 2022, with 36 patents authorized during the reporting period[43]. - The company achieved a significant breakthrough in high-performance PEEK plastic gear manufacturing, enabling the use of plastic instead of steel[53]. - The company’s powder metallurgy department has reached international standards in the mass production of small modulus gears, achieving a precision level of ISO1328-2013 grade 5[53]. Challenges and Risks - The company faces risks from macroeconomic fluctuations and potential impacts from ongoing pandemic conditions, which could adversely affect its operational performance and financial status[135]. - The company faces challenges in production and operations due to logistics disruptions, rising transportation and raw material costs, and low downstream consumer demand[136]. - Major raw material price fluctuations pose risks to procurement and manufacturing costs, impacting the company's main business and profitability[137]. - Rising labor costs are a concern as the average wage level in China continues to increase, affecting the company's R&D and sales personnel expenses[138]. - The company emphasizes low inventory and quick turnover to manage raw material price risks, alongside enhancing production efficiency and optimizing product structure[137]. - The company plans to improve its compensation and benefits system to mitigate rising labor costs while focusing on key market areas and controlling R&D personnel expenses[138]. Shareholder and Capital Structure - The company has decided to extend the investment period for the "Zhaowei Electromechanical Industrial Park Construction Project" to December 31, 2022, and for the "Research and Development Center Construction Project" to July 31, 2023[90]. - The company has not sold any significant assets during the reporting period[133]. - The company has not made any changes to the use of raised funds during the reporting period[132]. - The company raised a total of RMB 200,345.04 million through the issuance of 26.67 million shares at a price of RMB 75.12 per share, with a net amount of RMB 183,362.57 million after deducting issuance costs[80]. - As of June 30, 2022, the company had an unused balance of RMB 70,283.96 million in raised funds, with RMB 70,054.30 million allocated for cash management and RMB 229.66 million in a special account[80]. - The company completed the registration of 149,280 restricted stocks and 597,120 stock options under its 2021 incentive plan[144]. - The largest shareholder, Shenzhen Qianhai Zhaowei Financial Holdings Co., Ltd., holds 35.44% of the shares, totaling 60,800,000 shares[191]. - The second-largest shareholder, Li Haizhou, holds 18.18% of the shares, totaling 31,184,000 shares, with 1,200,000 shares pledged[191]. - The total number of common shareholders at the end of the reporting period was 15,283[191]. - The company has 678,720 restricted shares at the beginning of the period, with an increase of 139,680 shares, resulting in a total of 818,400 restricted shares at the end of the period[189]. - The company reported a total of 102,000,000 CNY in entrusted financial management, with no overdue amounts or impairment provisions[174]. - The company has no significant related party transactions or debts during the reporting period[164][165][166][168]. - The company has no major guarantees or other significant contracts during the reporting period[172][176]. - The company has engaged in multiple lease agreements for employee housing and production facilities, but none of these leases significantly impacted profits[169][171]. - The top ten shareholders collectively hold a significant portion of the company's shares, with no reported changes in control during the reporting period[199]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[197]. - The company did not engage in any repurchase transactions during the reporting period[195]. - The company has not reported any changes in its controlling shareholder or actual controller during the reporting period[198][199]. - The company maintains a stable shareholder structure with no significant changes in related party relationships among the top shareholders[193]. - The report indicates that there are no delegated voting rights or waivers of voting rights among the major shareholders[193].

Financial Performance - The company's operating revenue for Q1 2022 was ¥215,190,617.11, a decrease of 17.30% compared to ¥260,216,469.17 in the same period last year[6] - Net profit attributable to shareholders was ¥22,691,928.01, down 50.11% from ¥45,482,625.66 year-on-year[6] - Basic earnings per share decreased by 51.85% to ¥0.13 from ¥0.27 in the previous year[6] - Total operating revenue for Q1 2022 was CNY 215,190,617.11, a decrease of 17.3% compared to CNY 260,216,469.17 in the same period last year[31] - The total profit for the current period is 23,550,646.73, down from 49,492,818.59, reflecting a decline of 52.5%[34] - The operating profit for the current period is 23,658,646.73, down 52.2% from 49,433,802.60 in the previous period[34] - The company reported a decrease in sales revenue from 321,146,921.12 to 267,907,763.16, a decline of approximately 16.5%[36] Cash Flow and Liquidity - The net cash flow from operating activities was -¥12,507,200.17, a decline of 141.01% compared to ¥30,501,510.17 in Q1 2021[6] - The cash flow from operating activities shows a net outflow of -12,507,200.17, compared to a net inflow of 30,501,510.17 in the previous period[36] - The cash flow from investing activities resulted in a net outflow of -251,280,382.06, compared to -715,432,242.90 in the previous period[39] - The cash and cash equivalents at the end of the period stand at 222,504,427.75, down from 960,805,878.43 in the previous period[39] - The company's cash and cash equivalents at the end of the period were 222,897,811.77 CNY, down from 447,784,700.67 CNY at the beginning of the year, representing a decrease of approximately 50.3%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,196,633,014.81, down 2.03% from ¥3,262,905,872.30 at the end of the previous year[6] - The company's total liabilities decreased to CNY 347,505,603.39 from CNY 435,898,689.03, representing a reduction of 20.2%[30] - The balance of accounts payable decreased to CNY 131,478,475.42 from CNY 170,300,247.64, a decline of 22.8%[28] - The balance of other payables dropped significantly to CNY 26,793,296.77 from CNY 71,759,184.46, a decrease of 62.7%[28] - Total assets decreased to 3,196,633,014.81 CNY from 3,262,905,872.30 CNY, a decline of about 2.0%[25] Shareholder Information - Total number of common shareholders at the end of the reporting period was 12,484[16] - The largest shareholder, Shenzhen Qianhai Zhaowei Financial Holdings, holds 35.47% of shares, totaling 60,800,000 shares[16] Government Support and Investments - The company received government subsidies amounting to ¥4,250,797.44 during the quarter, primarily from the Shenzhen Municipal Bureau of Industry and Information Technology[8] - The company reported a significant loss of -¥2,759,980.02 from investment income due to losses from purchased financial products[10] - The company received cash from the recovery of investments amounting to 440,000,000.00, significantly higher than 45,000,000.00 in the previous period[36] Research and Development - Research and development expenses for Q1 2022 amounted to CNY 24,049,371.43, a decrease of 19.6% from CNY 29,978,893.89 in the previous year[31] - The company is actively involved in the development of new products and technologies, although specific details were not disclosed in the provided documents[19] Future Outlook - Future outlook includes potential market expansion and new product development strategies, although specific figures were not provided[29]

Financial Performance - The company reported a cash dividend of 2.00 RMB per 10 shares for all shareholders based on a total share capital of 171,434,720 shares as of December 31, 2021[5]. - The company's operating revenue for 2021 was ¥1,139,999,360.37, a decrease of 4.61% compared to 2020[27]. - The net profit attributable to shareholders for 2021 was ¥147,546,018.95, down 39.71% from the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥123,518,687.05, a decline of 46.78% year-over-year[27]. - The basic earnings per share for 2021 was ¥0.86, representing a decrease of 53.76% compared to 2020[29]. - The total assets at the end of 2021 were ¥3,262,905,872.30, an increase of 4.77% from the end of 2020[29]. - The weighted average return on equity for 2021 was 5.29%, down from 25.27% in 2020[29]. - The company reported a total of ¥24,027,331.90 in non-recurring gains for 2021, compared to ¥12,637,942.00 in 2020[37]. - In 2021, the company achieved revenue of CNY 1,139.99 million, a decrease of 4.61% year-on-year, and a net profit attributable to shareholders of CNY 147.55 million, down 39.71% compared to the previous year[63]. - The company's communication business revenue was CNY 292.53 million, a year-on-year decrease of 43.58%, while the automotive electronics sector saw revenue of CNY 285.45 million, an increase of 20.04%[63]. - The smart home and robotics sector generated revenue of CNY 399.46 million, up 36.52% year-on-year, and the medical and personal care segment reported revenue of CNY 57.30 million, a growth of 16.70%[63]. Research and Development - The company achieved a research and development investment of approximately 130 million yuan in 2021, representing an 80% year-over-year increase[77]. - The company is committed to continuous R&D investment, with a focus on attracting high-end talent and improving its technological capabilities[69]. - The company has a total of 285 authorized patents as of the end of 2021, including 28 invention patents, reflecting its commitment to innovation and technology development[72]. - The company is currently developing a 5G communication module aimed at enhancing its technological capabilities and revenue potential[111]. - The company is currently developing an insulin injection pump actuator, which is expected to enhance its presence in the medical market[118]. - The company completed the development of a smart electric window actuator, enhancing its market presence in the smart home sector[118]. - The automatic injector mechanism project was completed, addressing issues of small thrust and large volume, thus improving user experience in medical applications[118]. - Research on high-performance PEEK plastic gears was completed, significantly enhancing noise and vibration performance for hybrid vehicles[118]. - The number of R&D personnel rose by 20.62% to 427, with a notable increase in the proportion of personnel holding bachelor's degrees[121]. Market and Growth Strategies - The automotive electronics sector is identified as a key growth area, with significant collaboration with major clients like Bosch and BYD[42]. - The company aims to enhance its R&D capabilities and product services in the micro-drive sector to align with industry trends[42]. - The global smart home industry is experiencing rapid growth, driven by advancements in information technology and increasing consumer demand, with the company providing micro drive gearboxes and smart appliance solutions[43]. - The company has established strong partnerships with leading smart home manufacturers and is actively developing high-end smart products to promote the realization of "whole-home intelligence," which is expected to be a significant growth area for future performance[43]. - The company plans to enhance its product development and marketing efforts in emerging industries such as smart education and artificial intelligence, aiming to meet diverse customer needs[64]. - The company aims to expand its market presence in Europe and the United States, with a subsidiary already established in Germany and plans for another in the U.S.[162]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 300 million RMB allocated for potential deals[183]. - The company plans to strengthen its talent development initiatives, focusing on internal talent identification and external recruitment to build a robust talent pool[88]. Operational Efficiency and Management - The company employs a flexible production model to adapt to changing market demands, enhancing production capacity and efficiency through the use of MES systems for real-time management[56]. - The introduction of the SRM system in 2021 has improved supplier management and procurement efficiency, facilitating better collaboration and information sharing between the company and its suppliers[55]. - The company has established a comprehensive management system and has received multiple certifications, including ISO14001 and ISO45001, to enhance operational efficiency[89]. - The company has established a sound internal control system to ensure effective governance and operational efficiency[193]. - The company has a complete independent production, supply, and sales system, demonstrating its capability for autonomous operational decision-making[195]. - The company has a fully independent financial department with a standardized accounting system and financial management procedures, ensuring independent financial decision-making[196]. - The company plans to enhance its management system and improve operational efficiency through IT integration and automation[169]. Risks and Challenges - The company faces significant risks from macroeconomic fluctuations, including rising global inflation and geopolitical tensions, which may impact production and operations[173]. - Major raw material costs constitute a large proportion of the company's main business costs, making the company vulnerable to price fluctuations in materials such as micro motors and plastics[174]. - Rising labor costs are a concern as the average salary for employees has been increasing, which could negatively affect future operating performance if sales revenue does not keep pace[175]. - The company is implementing measures to mitigate risks from rising labor costs, including a short-term variable compensation system and long-term incentive plans to retain talent[178]. Shareholder Engagement and Governance - The company has actively improved its investor relations management, enhancing communication with investors[193]. - The governance structure of the company complies with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[193]. - There are no significant discrepancies between the company's governance practices and the regulations issued by the relevant authorities[194]. - The company has not engaged in any related party transactions that would involve the occupation of assets or funds by the controlling shareholder[196]. - The participation ratio for the first extraordinary shareholders' meeting in 2021 was 75.11%[199]. - The participation ratio for the second extraordinary shareholders' meeting in 2021 was 75.09%[199]. - The participation ratio for the third extraordinary shareholders' meeting in 2021 was 74.52%[199]. - The participation ratio for the annual shareholders' meeting in 2020 was 74.68%[199]. - The participation ratio for the fourth extraordinary shareholders' meeting in 2021 was 74.19%[199]. - The participation ratio for the fifth extraordinary shareholders' meeting in 2021 was 74.48%[199]. - The participation ratio for the sixth extraordinary shareholders' meeting in 2021 was 75.25%[199].

Financial Performance - The company's revenue for Q3 2021 was ¥288,586,432.94, representing a decrease of 4.40% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥42,378,135.71, down 38.75% year-over-year[5]. - The net profit after deducting non-recurring gains and losses was ¥32,890,393.27, a decline of 50.17% compared to the previous year[8]. - The basic earnings per share for Q3 2021 was ¥0.25, reflecting a decrease of 53.70% year-over-year[8]. - The company reported a decrease in diluted earnings per share to ¥0.25, a drop of 53.70% year-over-year[8]. - The net profit for the third quarter of 2021 was ¥130,993,306.05, down 26.8% from ¥179,156,319.81 in the third quarter of 2020[54]. - The net profit attributable to the parent company decreased to ¥130,993,306.05 from ¥179,156,319.81, representing a decline of approximately 27%[57]. - Total comprehensive income attributable to the parent company was ¥131,707,927.55, down from ¥179,410,938.45, a decline of about 26.5%[57]. Assets and Liabilities - The total assets as of the end of the reporting period were ¥3,212,203,861.26, an increase of 3.14% from the end of the previous year[8]. - The company's total assets as of September 30, 2021, were ¥3,212,203,861.26, compared to ¥3,114,376,307.77 at the end of 2020, reflecting a growth of 3.2%[48]. - The company's total equity reached ¥2,803,824,778.14, up from ¥2,772,512,453.53 at the end of 2020, indicating a growth of 1.1%[48]. - The company's total liabilities increased significantly, with other payables rising by 237.28% to ¥84,571,880.73, mainly due to increased construction investments[17]. - Non-current liabilities increased to ¥82,726,975.69 as of September 30, 2021, from ¥39,013,614.42 at the end of 2020, representing a significant rise of 112.4%[45]. - Total liabilities increased from 341,863,854.24 to 377,413,668.01, an increase of 10.4%[77]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥171,650,688.68, which is an increase of 20.17% compared to the same period last year[8]. - Cash inflow from operating activities totaled ¥984,775,870.73, slightly up from ¥973,411,521.07, indicating a growth of approximately 1.4%[60]. - The net cash flow from operating activities increased to ¥171,650,688.68 from ¥142,834,765.13, reflecting a rise of about 20%[63]. - Cash outflow from investing activities surged to ¥1,959,657,123.11 from ¥864,323,914.76, marking an increase of approximately 127%[63]. - The net cash flow from investing activities was negative at -¥1,372,977,669.32, compared to -¥151,542,187.42 in the previous period[63]. - Cash and cash equivalents decreased by 77.05% to ¥385,452,730.91 as of September 30, 2021, primarily due to the use of raised funds and cash management of idle funds[17]. - Cash and cash equivalents at the end of the period stood at ¥350,970,733.07, a significant decrease from ¥62,165,462.03[65]. Investments and Expenses - R&D expenses rose by 80.63% to ¥92,993,565.56, reflecting increased investment in research and development[20]. - Investment income surged by 233.44% to ¥15,799,859.54, attributed to higher returns from idle fund investments[20]. - The company reported a 54.82% increase in sales expenses to ¥35,381,195.17, driven by enhanced sales network construction[20]. - The cash paid for fixed asset purchases increased by 169.40% to ¥157,827,037.91, mainly due to investments in the Dongguan industrial park and production base upgrades[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,799[28]. - The largest shareholder, Shenzhen Qianhai Zhaowei Financial Holdings Co., holds 35.47% of shares, totaling 60,800,000 shares[28]. - The second-largest shareholder, Li Haizhou, holds 18.19% of shares, totaling 31,184,000 shares[28]. Other Financial Metrics - The weighted average return on equity for Q3 2021 was 1.52%, down 6.74% from the previous year[8]. - The company received government subsidies totaling ¥1,515,110.31 in the current period, contributing to its non-recurring gains[10]. - The company received tax refunds of ¥5,137,491.72, marking a 100% increase, primarily due to export tax rebates[21]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[44].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 535,422,465.12, a decrease of 2.72% compared to CNY 550,395,109.15 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 88,615,170.34, down 19.42% from CNY 109,965,408.83 in the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 75,372,412.67, a decline of 25.40% compared to CNY 101,039,325.74 last year[27]. - Basic earnings per share decreased by 39.53% to CNY 0.52, down from CNY 0.86 in the previous year[27]. - Revenue from the communications business (including mobile phones) was 161.86 million yuan, a decline of 50.15% year-on-year[63]. - Revenue from the automotive electronics sector increased by 51.30% year-on-year, reaching 125.18 million yuan[63]. - Revenue from the smart home and robotics sector grew by 94.14% year-on-year, totaling 182.55 million yuan[63]. - Revenue from the medical and personal care sector rose by 69.76% year-on-year, amounting to 24.89 million yuan[63]. - Non-communications business revenue increased by 65.49% year-on-year[63]. Cash Flow and Assets - The net cash flow from operating activities increased by 69.58% to CNY 114,298,037.99, compared to CNY 67,399,472.16 in the same period last year[27]. - Total assets at the end of the reporting period were CNY 3,172,452,809.37, an increase of 1.86% from CNY 3,114,376,307.77 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were CNY 2,761,507,785.02, a slight decrease of 0.40% from CNY 2,772,512,453.53 at the end of the previous year[27]. - Cash and cash equivalents decreased by 38.26% to CNY 497,294,021.33, primarily due to investments in financial products[85]. - Inventory increased by 32.5% to CNY 184,628,416.80, attributed to proactive material procurement to mitigate supply chain risks[85]. - The total current assets amounted to CNY 2,583,804,863.63, slightly down from CNY 2,664,745,100.58, a decrease of about 3.0%[196]. Research and Development - The company has a strong R&D capability, emphasizing market-oriented technology innovation and forming specialized teams for different industry sectors to enhance technical accumulation[44]. - The company's R&D investment increased by 68.96% to ¥60,696,076.67, up from ¥35,923,669.13, reflecting a significant focus on innovation[72]. - The company is increasing its research and development investments to enhance core competitiveness and develop new products and technologies[107]. Market Strategy and Operations - The company focuses on precision drive systems, with products spanning automotive electronics, communications, medical devices, smart home, and AI robotics, targeting growth in 5G, smart healthcare, and IoT sectors[37]. - The company adopts a "make-to-order" production model to meet personalized customer needs, reducing inventory and improving capital turnover[40]. - The company aims to expand its product offerings in emerging industries such as smart education and AI, leveraging a diverse product portfolio to capture market demand[47]. - The company collaborates with industry benchmark clients, enhancing its service value and driving continuous technical improvement through high standards[48]. - The company is committed to integrating motor, gearbox, and controller technologies to strengthen its competitive advantage in the micro-drive system market[51]. - The company is undergoing internal management reforms to enhance core competitiveness and implement a customer-centric approach[52]. Risks and Challenges - The company has identified potential risks and corresponding measures in its operations, which are detailed in the report[4]. - The company is facing risks from macroeconomic fluctuations, which could impact demand in downstream industries such as mobile communications and automotive electronics[104]. - The company is experiencing rising raw material costs, which significantly affect its main business costs and profit margins[108]. - The company has nearly 2,000 employees, and rising labor costs may adversely affect future operating performance if sales revenue does not increase correspondingly[109]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of shares increased to 171,434,720, with a capital reserve conversion of 64,288,020 shares during the reporting period[158]. - The total number of restricted shares at the end of the period is 128,762,720, with an increase of 48,762,720 shares during the period[168]. - Shenzhen Qianhai Zhaowei Financial Holdings Co., Ltd. holds 60,800,000 shares, accounting for 35.47% of the total shares[172]. - Li Haizhou holds 31,184,000 shares, representing 18.19% of the total shares[172]. - The company has extended the lock-up period for shares held by directors and senior management[154]. Investments and Projects - The company established a wholly-owned subsidiary in Suzhou to enhance its production and supply capabilities in the East China region[71]. - The company is actively constructing the Dongguan Zhaowei Electromechanical Industrial Park, with ongoing main construction efforts[70]. - The company reported a total investment of 1 billion yuan in various projects during the reporting period[97]. - The company has invested 45,372,976.21 yuan in the Zhaowei Electromechanical Industrial Park construction project, with a cumulative actual investment of 141,426,700.97 yuan[97]. Compliance and Governance - The company and its subsidiaries were not subject to any administrative penalties for environmental issues during the reporting period[120]. - The company has not engaged in any securities or derivative investments during the reporting period[100][101]. - There were no significant asset or equity sales during the reporting period[102][103]. - The company has no significant guarantees or major contracts during the reporting period[148][151].

Financial Performance - The company's operating revenue for Q1 2021 was ¥260,216,469.17, representing a 17.25% increase compared to ¥221,936,798.40 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was ¥45,482,625.66, a slight increase of 1.54% from ¥44,794,522.07 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 7.17% to ¥38,595,798.05 from ¥41,578,655.50 year-on-year[7]. - The basic earnings per share for Q1 2021 was ¥0.43, a decrease of 23.21% compared to ¥0.56 in the previous year[7]. - The total profit for the current period was ¥49.49 million, down 2.6% from ¥50.83 million in the previous period[38]. - The comprehensive income total for the current period was ¥45.36 million, compared to ¥44.63 million in the previous period, indicating a growth of 1.6%[38]. Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥30,501,510.17, down 4.57% from ¥31,962,793.55 in the same period last year[7]. - The net cash flow from investing activities decreased by 845.43% to RMB -715,432,242.90 primarily due to increased purchases of financial products and large deposits[16]. - The net cash flow from financing activities is -¥1,301,538.77, compared to a positive cash flow of ¥2,921,150.91 in the previous period[43]. - Total cash inflow from operating activities is ¥338,377,431.47, down 4.57% from ¥355,289,736.77 in the previous period[42]. - Cash outflow from operating activities totaled ¥307,875,921.30, a decrease of 4.73% compared to ¥323,326,943.22 in the previous period[42]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,156,665,984.93, reflecting a 1.36% increase from ¥3,114,376,307.77 at the end of the previous year[7]. - The total liabilities decreased to CNY 320,259,380.18 from CNY 327,718,452.18, representing a reduction of about 2.2%[35]. - The total current liabilities decreased to CNY 260,125,376.31 from CNY 302,850,239.82, a decrease of about 14.1%[34]. - The total non-current assets increased to CNY 485,181,020.96, driven by the recognition of new assets[48]. Investments and Expenses - R&D expenses rose by 89.13% to RMB 29,978,893.89 due to increased salaries and investment in R&D[15]. - The company reported a 73.69% increase in selling expenses to RMB 11,991,719.63 due to higher salaries for sales personnel[15]. - Other income increased by 193.39% to RMB 6,951,244.30 from government subsidies related to the company's successful IPO[15]. - The company’s tax expenses decreased by 33.54% to RMB 4,010,192.93 due to the impact of 100% deduction for R&D expenses[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,701[10]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,819,224,390.94, up 1.68% from ¥2,772,512,453.53 at the end of the previous year[7]. - The company has no overdue or unrecovered amounts in its entrusted financial management activities, indicating a stable financial management strategy[22]. Company Developments - The company established a subsidiary in Suzhou as part of its expansion strategy on March 8, 2021[17]. - The company has engaged in various investor communication activities, indicating proactive engagement with stakeholders[25]. - The company has not reported any expected inability to recover principal in entrusted financial management, suggesting effective risk management practices[22].

Financial Performance - The company reported a total revenue of RMB 106,670,000 for the year 2020, with a cash dividend of RMB 10 per 10 shares distributed to all shareholders[6]. - The company's operating revenue for 2020 was ¥1,195,088,656.75, a decrease of 32.97% compared to ¥1,782,836,181.75 in 2019[22]. - Net profit attributable to shareholders for 2020 was ¥244,744,843.97, down 31.46% from ¥357,064,067.33 in 2019[22]. - The net cash flow from operating activities decreased by 66.55% to ¥147,460,843.66 from ¥440,805,242.47 in the previous year[22]. - Basic and diluted earnings per share for 2020 were both ¥2.98, a decline of 33.18% from ¥4.46 in 2019[22]. - The total assets at the end of 2020 increased by 163.39% to ¥3,114,376,307.77 from ¥1,182,427,341.28 at the end of 2019[22]. - The net assets attributable to shareholders rose by 308.00% to ¥2,772,512,453.53 from ¥679,531,070.52 at the end of 2019[22]. - The company reported a quarterly operating revenue of ¥342,822,378.65 in Q4 2020, with a net profit of ¥65,588,524.16[27]. - Non-recurring gains and losses for 2020 included government subsidies amounting to ¥9,442,405.17[28]. Shareholder Returns - The company has established a profit distribution plan for the next three years, ensuring a stable return for investors, with a minimum cash dividend of 10% of the distributable profit each year[142]. - The cumulative cash dividends over the last three years should not be less than 30% of the average annual distributable profit during that period[142]. - In the case of no major capital expenditures, the company will prioritize cash dividends, with a minimum of 80% of the profit distribution in mature stages without significant expenditures[145]. - The company will consider factors such as operational performance, shareholder expectations, and external financing conditions when determining profit distribution[141]. - The board of directors must approve the profit distribution plan, requiring a majority vote from all directors and more than half of independent directors[146]. - The company aims to maintain a continuous and stable profit distribution policy, balancing investor returns with sustainable development[142]. - The profit distribution policy may be adjusted in response to significant changes in the external environment or the company's operational status, requiring board and shareholder approval[149]. - The company will utilize cash dividends as the primary method of profit distribution, with stock dividends considered only under specific conditions[145]. - The profit distribution plan must be disclosed in regular reports, and any deviations from the proposed plan must be justified to shareholders[147]. - The company emphasizes the importance of independent directors and external supervisors' opinions in the decision-making process regarding profit distribution[147]. - The company proposed a cash dividend of RMB 10 per 10 shares (including tax), totaling RMB 106,670,000, based on a total share capital of 106,670,000 shares as of December 31, 2020[156]. - The cash dividend distributed in 2020 accounted for 43.58% of the net profit attributable to ordinary shareholders, which was RMB 244,744,843.97[157]. - The company did not distribute any dividends in 2019, while in 2018, it distributed RMB 30,000,000, representing 23.57% of that year's net profit[157]. Business Operations and Strategy - The company specializes in micro drive systems, precision injection parts, and motor drive control modules, serving various sectors including telecommunications and automotive electronics[36]. - The company provides comprehensive solutions for 5G base station RCU modules, enhancing network coverage and reliability[38]. - The company has strengthened its platform technology research and development, promoting standardization and systematization of hardware and software technologies[42]. - In the automotive electronics sector, the company has developed transmission systems for EPB electronic parking systems and electric tailgates, with successful applications in industry leaders like Bosch and Brose[45]. - The company is actively expanding its business in the smart home and robotics sector, providing micro transmission systems for household cleaning robots, with significant growth potential in this area[45]. - The company has established a flexible production model to enhance production adaptability and efficiency, allowing for rapid delivery of products based on actual demand[44]. - The company collaborates with Huawei to accelerate research and development in the 5G communication sector, benefiting from the stable growth of domestic 5G base station construction[45]. - The company has formed specialized R&D teams to quickly respond to customer design needs, enhancing its core competitiveness in the micro transmission field[50]. - The company has implemented a procurement model that emphasizes quality management at the supplier level, fostering long-term stable partnerships to ensure timely supply of raw materials[42]. - The company has been recognized with multiple awards, including the Special Prize of the China Machinery Industry Science and Technology Award in 2019 and the China Industrial Award in 2020, highlighting its strong research and development capabilities[51]. - As of December 2020, the company holds 174 authorized intellectual properties, including 21 invention patents and 7 overseas patents, indicating a robust innovation pipeline[51]. - The company has developed a fully automated assembly production line, significantly improving assembly precision and efficiency, which is crucial for high-precision product manufacturing[55]. - The company has successfully implemented various manufacturing processes, including plastic injection molding and metal powder injection molding, achieving a production capacity of 2 million small gears per day[55]. - The company actively expands its market presence through online and offline promotions, enhancing brand recognition and attracting new customers[57]. - The company has established a comprehensive talent development system, with over 300 R&D personnel, including 4 gear experts and 2 PhDs, ensuring a strong technical foundation[60]. - The company has developed a standardized platform for customized products, allowing for rapid delivery and reduced production costs, which enhances customer satisfaction[56]. - The company has been recognized as a key enterprise in the Guangdong Province robotics sector, reflecting its industry leadership and growth potential[51]. - The company has established advanced quality control measures, including a precision testing center and a comprehensive laboratory for micro transmission systems, ensuring product reliability[55]. - The company has a strong customer base, including well-known brands like Bosch, Huawei, and Xiaomi, which validates its market position and product quality[51]. Market and Industry Trends - The automotive electronics market is experiencing rapid growth, with micro drive systems being widely applied in various automotive electronic systems[120]. - The global automotive electronics market reached $142 billion in 2017 and is expected to grow to $182 billion by 2021, with a CAGR of approximately 6.4% from 2017 to 2021[122]. - The global electric tailgate market is projected to grow from $8.8 billion in 2019 to $22.2 billion by 2026, with a CAGR of 14.0%[122]. - The global EPB (Electronic Parking Brake) market is expected to increase from $50.8 billion in 2020 to $63.5 billion by 2025, with a CAGR of 10.3% in the domestic market[122]. - The global service robot market sales grew from $3.51 billion in 2014 to $8.29 billion in 2018, with a CAGR of 23.97%, and is expected to reach $13.14 billion by 2021[123]. - The smart home device shipment is projected to reach 1.396 billion units by 2023, with a CAGR of 14.40% from 2019 to 2023[124]. - The personal care small appliance market in China is expected to grow from $25.68 billion in 2016 to $52.70 billion by 2025, with a CAGR of 8.32%[126]. - The global medical device market is projected to grow from $363.8 billion in 2013 to $594.5 billion by 2024, with a CAGR of 5.64% from 2018 to 2024[126]. Risks and Challenges - The company faces risks from macroeconomic fluctuations that could impact demand in key industries such as telecommunications and automotive electronics[134]. - The company is exposed to competitive pressures from established international players like Japan's Nidec and Germany's IMS, which could affect its market position[134]. - The company has a high customer concentration risk, as losing major clients could adversely impact its production and profitability[134]. - Rising labor costs due to demographic changes may challenge the company's operational performance if sales revenue does not keep pace[134]. - The company is committed to enhancing its technological capabilities and product quality to maintain competitiveness in a rapidly evolving market[134]. Investments and Future Plans - The company plans to establish R&D and manufacturing bases in the Yangtze River Delta and Greater Bay Area, with an expected annual output value of $2 billion from the new projects[127]. - The company aims to enhance its R&D capabilities and production capacity through capital raising after its successful IPO in December 2020[127]. - The company emphasizes talent development and aims to cultivate high-skilled professionals to support continuous technological innovation[127]. - The company plans to enhance market expansion and marketing efforts, leveraging high demand in downstream industries and increasing market share through targeted strategies[128]. - The company aims to increase R&D investment, focusing on high-performance transmission systems for applications in 5G communication, automotive electronics, and medical devices, with a commitment to developing new products[130]. - The company has established a subsidiary in Germany to expand overseas markets and has applied for over 20 overseas patents, indicating a strong international growth strategy[130]. - The company is set to complete the main construction of the Dongguan Zhaowei Electromechanical Industrial Park by 2021, which will support its operational capacity[130]. Compliance and Governance - The company emphasizes the importance of maintaining high-quality information disclosure and investor relations management to build trust and a positive corporate image[130]. - The company has committed to not transferring or managing shares for 36 months post-IPO, ensuring shareholder stability[173]. - The company has implemented new accounting standards effective January 1, 2020, impacting various financial statement items[176]. - The company reported no significant accounting errors requiring retrospective restatement during the reporting period[180]. - The company has adopted simplified accounting methods for rent reductions related to the COVID-19 pandemic[179]. - The company’s stock price must remain above the issuance price for 20 consecutive trading days to avoid extending the lock-up period[169]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[175]. - The company’s commitment to shareholders remains intact, with no changes due to management transitions[173]. - The domestic accounting firm, Lixin Certified Public Accountants, was retained for auditing services with a fee of 600,000 RMB, covering a continuous service period of 5 years[182]. - There were no significant litigation or arbitration matters during the reporting period, and no bankruptcy restructuring occurred[185]. - The company faced a lawsuit involving 2.04 million RMB, which was resolved through a settlement agreement[186]. - There were no penalties or rectification measures during the reporting period[190]. - The company did not implement any stock incentive plans or employee shareholding plans during the reporting period[191]. - There were no related party transactions in daily operations or significant contracts during the reporting period[192][199]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[193]. - The company maintained a focus on protecting the economic interests of its shareholders[189]. - The company will closely monitor ongoing legal cases and fulfill information disclosure obligations as necessary[186].