Financial Performance - The company's operating revenue for Q3 2021 was ¥488,258,769.83, a decrease of 10.40% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥23,825,035.98, down 42.22% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,449,609.59, a decrease of 63.68% compared to the previous year[3] - The basic earnings per share for Q3 2021 was ¥0.0297, reflecting a decline of 42.11% year-on-year[3] - Operating income for the first nine months reached ¥178,121,161.08, a significant increase of 743.43% due to performance compensation received[10] - The company reported a net cash inflow from operating activities of ¥121,396,606.06, a 230.00% increase compared to the previous year[10] - The company's total revenue for the period was CNY 1,326,240,319.53, up from CNY 1,165,868,315.12 in the previous period, indicating an increase of about 13.8%[27] - The net profit for the period was CNY 206,495,562.88, compared to CNY 9,272,985.17 in the same period last year, showing a significant improvement[28] - Basic and diluted earnings per share were both CNY 0.2575, significantly up from CNY 0.0132 in the same period last year[29] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,632,361,235.90, an increase of 15.92% from the end of the previous year[4] - The equity attributable to shareholders at the end of Q3 2021 was ¥1,450,456,892.82, up 16.58% compared to the end of the previous year[4] - Cash and cash equivalents increased by 103.46% to ¥255,335,063.00 due to positive cash flow from operating activities and performance compensation received[9] - Accounts receivable rose by 64.66% to ¥69,745,620.43, attributed to increased sales and collection of customer notes[9] - Inventory increased by 46.52% to ¥213,597,053.70, driven by completed customer orders and proactive raw material procurement[9] - The total liabilities decreased slightly to CNY 1,226,369,125.48 from CNY 1,072,729,093.11, a reduction of about 14.3%[25] - Current liabilities totaled CNY 632,336,971.32, while total liabilities reached CNY 1,072,729,093.11[37] Cash Flow - The net cash flow from operating activities was CNY 19,912,860.72, recovering from a negative CNY 94,414,649.82 in the previous year[32] - Cash inflow from operating activities totaled CNY 1,403,917,144.16, an increase from CNY 1,100,839,123.70 year-over-year[32] - Cash inflow from investment activities was CNY 737,269,144.08, compared to CNY 105,655,807.34 in the previous period[32] - The net cash flow from investment activities was CNY 137,229,048.00, up from CNY 56,773,100.99 year-over-year[32] - Cash flow from financing activities resulted in a net outflow of CNY 33,531,194.52, an improvement from a net outflow of CNY 57,849,507.10 in the previous year[33] Shareholder and Corporate Actions - The controlling shareholder, Jinlong Group, is undergoing bankruptcy liquidation due to an inability to repay debts, with the court recognizing the group's assets are insufficient to cover liabilities[17] - Jinlong Group's second creditors' meeting approved a plan to convert 132,426,713 shares of Jinlong Electric into cash[18] - A total of 4.82 million shares held by Jinmeiou were passively reduced due to a court ruling, with 25,576,018.22 RMB transferred to a pawnshop for debt repayment[19] - The company established a limited partnership, Liyong Precision Electronics Technology Co., Ltd., with a 100% indirect stake, completing business registration[20] - The company’s controlling shareholder and its concerted actors are under investigation by the China Securities Regulatory Commission for information disclosure issues[20] Operational Changes - The company is in the process of relocating its subsidiary to improve operational efficiency and reduce production costs, with the move still ongoing as of October 2021[21] - The implementation of the new leasing standards resulted in an adjustment of CNY 234,136,142.27 to non-current assets[38] Other Financial Metrics - The company reported non-recurring gains of ¥16,375,426.39 for the current period[6] - The total tax and additional payments increased by 41.51% to ¥9,746,462.18, reflecting higher operating income[9] - The company recorded a credit impairment loss of ¥1,857,785.01, a 129.52% increase, due to customer repayments[9] - Long-term prepaid expenses decreased by 42.95% to ¥5,877,157.55, primarily due to amortization of renovation costs[9] - The company’s deferred tax assets decreased by 80.37% to ¥1,573,817.21, resulting from the write-off of certain receivables[9] - Research and development expenses for the period were CNY 49,333,679.48, up from CNY 38,584,237.51, indicating an increase of approximately 28%[28] - The third-quarter report was not audited, indicating a need for caution in interpreting the financial data[39]

Financial Performance - The company's operating revenue for the reporting period reached ¥837,981,549.70, representing a 34.96% increase compared to ¥620,913,665.24 in the same period last year[22]. - The net profit attributable to shareholders was ¥182,953,273.73, a significant turnaround from a loss of ¥30,640,200.76, marking a 697.10% increase[22]. - The net profit after deducting non-recurring gains and losses was ¥2,265,858.25, compared to a loss of ¥52,083,907.75, reflecting a 104.35% improvement[22]. - The net cash flow from operating activities was ¥54,501,415.73, a recovery from a negative cash flow of ¥60,037,227.74, indicating a 190.78% increase[22]. - Basic earnings per share increased to ¥0.2278 from a loss of ¥0.0381, representing a 697.90% improvement[22]. - Total assets at the end of the reporting period were ¥2,579,984,417.64, up 13.61% from ¥2,270,870,520.57 at the end of the previous year[22]. - The net assets attributable to shareholders increased to ¥1,426,380,175.67, a 14.65% rise from ¥1,244,149,623.12 at the end of the previous year[22]. - The weighted average return on equity improved to 13.70%, up 15.79 percentage points from -2.09% in the same period last year[22]. - The total profit reached ¥186,760,211.06, representing a significant increase of 678.48% compared to the previous year[29]. - The gross profit margin was 18.29%, an increase of 5.86 percentage points from the previous year[30]. Cash Flow and Investments - The company reported a net increase in cash and cash equivalents of ¥194,832,176.88, a 404.40% increase year-on-year[34]. - The company’s investment activities generated a net cash flow of ¥144,954,228.70, a significant increase of 1,418.82% compared to the previous year[34]. - The cash received from sales of goods and services rose by 43.67% to 954,473,893.28 CNY, driven by increased sales and customer payments[36]. - The cash received from investment activities surged by 1,294.58% to 167,349,714.62 CNY, primarily from the redemption of bank wealth management products[37]. - The company reported a total investment amount of 5,389.83 million CNY in bank wealth management products, with no losses expected[56]. Operational Challenges and Risks - The company faces various risks including operational risks, customer attrition risks, and rising labor costs[4]. - The ongoing pandemic and rising raw material prices are expected to negatively impact the company's gross margin and profits[69]. - There is a risk of customer attrition as the company has not kept pace with the requirements of a major international client, leading to potential loss of market share[70]. - Labor cost increases pose a challenge as the company relies heavily on manual labor in its motor and structural component businesses[72]. - The company is exposed to foreign exchange risks due to a high proportion of export sales, primarily denominated in USD[71]. Corporate Governance and Compliance - The company has established a management system for foreign exchange hedging to ensure compliance and risk control measures are in place[58]. - The actual controller and shareholders have fulfilled their commitments regarding avoiding competition with the company, ensuring no conflicts of interest[87]. - The company maintains a focus on compliance with national laws and regulations, actively contributing to tax revenue and job creation[84]. - The company has established a detailed human resources management system to enhance employee training, compensation, and performance evaluation[83]. - The company has committed to maintaining transparency and legal compliance in all related party transactions and shareholder voting processes[91]. Market Expansion and Product Development - The company is focusing on expanding its market presence and enhancing its product offerings in the micro-motor and electronic components sectors[64]. - The company is actively engaged in research and development of new technologies and products to strengthen its competitive position in the market[64]. - The company is considering strategic acquisitions to bolster its competitive position in the market[96]. - A new marketing strategy was introduced, aiming to increase brand awareness by 40% over the next year[96]. - The company plans to increase its market share in non-mobile motor applications, including smart wearables and automotive sectors[69]. Shareholder Relations and Equity - The company has not declared any cash dividends or stock bonuses for the reporting period[79]. - There are no employee stock incentive plans or other incentive measures implemented during the reporting period[80]. - The company reported no changes in its controlling shareholder or actual controller during the reporting period[156]. - The company has not implemented any share buyback programs or significant changes in share transfer situations[146]. - The largest shareholder, Jinlong Holdings Group, holds 132,426,713 shares, representing 16.49% of total shares[150]. Legal Matters and Contingencies - The company confirmed that there are currently no major lawsuits, arbitrations, or administrative penalties against it or its subsidiaries[101]. - The company is currently involved in a trademark infringement lawsuit in the United States, which has not yet reached the jury trial stage[140]. - The company has ongoing court judgments involving a total amount of RMB 1.5256 million that have not been fully executed[117]. - The company is involved in a legal dispute regarding a guarantee for a loan of RMB 65 million, with a court ruling that the company must bear half of the unpaid debt responsibility[136]. - The controlling shareholder, Jinlong Group, is undergoing bankruptcy liquidation due to insufficient assets to cover debts, with the court accepting the application on March 31, 2020[116].

Financial Performance - The company's operating revenue for Q1 2021 was ¥413,638,252.54, representing a 76.94% increase compared to ¥233,775,435.44 in the same period last year[7]. - The net profit attributable to shareholders was ¥8,447,315.77, a significant turnaround from a loss of ¥28,835,517.68 in the previous year, marking a 129.29% increase[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,086,662.33, compared to a loss of ¥31,837,375.60 last year, reflecting a 119.12% improvement[7]. - Basic earnings per share were ¥0.0105, up 129.25% from a loss of ¥0.0359 per share in the same period last year[7]. - The total operating revenue for the first quarter of 2021 was CNY 413,638,252.54, an increase from CNY 233,775,435.44 in the previous period[41]. - The net profit for the quarter was CNY 8,414,800.46, compared to a net loss of CNY 29,011,328.42 in the same period last year, marking a significant turnaround[43]. - The total comprehensive income for the quarter was CNY 8,966,701.71, a recovery from a loss of CNY 23,630,058.63 in the same quarter last year[44]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥13,820,690.92, a remarkable increase of 3,243.12% from a negative cash flow of ¥439,712.29 in the previous year[7]. - Cash inflow from operating activities totaled ¥535,942,373.60, an increase from ¥395,190,766.80 in the previous period[50]. - Cash and cash equivalents increased by 43.99% to 180.70 million yuan, mainly due to higher customer payments received[15]. - The company reported a cash balance of ¥180,697,016.50 as of March 31, 2021, an increase from ¥125,496,428.54 at the end of 2020, indicating improved liquidity[33]. - The net increase in cash and cash equivalents was ¥55,200,587.97, compared to a decrease of ¥16,910,618.27 in the previous period[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,432,697,921.17, an increase of 7.13% from ¥2,270,870,520.57 at the end of the previous year[7]. - Current liabilities decreased to CNY 558,052,458.66 from CNY 632,336,971.32, a reduction of approximately 11.7%[35]. - Non-current liabilities increased to CNY 667,537,333.34 from CNY 440,392,121.79, representing a growth of about 51.6%[35]. - Long-term equity investments increased to CNY 96,048,155.53 from CNY 87,469,831.84 year-over-year, reflecting a growth of approximately 18%[34]. - Total liabilities reached CNY 1,072,729,093.11, with current liabilities at CNY 632,336,971.32[59]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,609, indicating a stable shareholder base[11]. - The controlling shareholder's stake decreased from 29.08% to 20.08% between August 2018 and March 2020, a total change of 9%, leading to regulatory scrutiny[25]. - The total equity attributable to shareholders of the parent company was CNY 1,253,148,840.14, up from CNY 1,244,149,623.12, indicating a slight increase of around 0.7%[36]. Operational Challenges and Strategies - The company is facing risks related to customer loss, particularly with a major international client, due to failure to meet evolving supplier requirements[21]. - The company is facing significant challenges due to rising labor costs, particularly in its motor and structural components businesses, which remain labor-intensive[22]. - The company plans to expand its motor market into smart wearables, smart home, and automotive sectors to reduce reliance on mobile phone components[20]. - The company plans to focus on one or two core products while scaling back its touch display business to accumulate funds for strategic investments[23]. - The company aims to improve its cash position by disposing of idle assets and adjusting its business model in the touch display sector[20]. Legal and Compliance Issues - The company has initiated legal proceedings against Lin Liming for failing to meet profit compensation commitments for the years 2017 to 2019, with promised net profits of at least ¥75 million, ¥100 million, and ¥130 million respectively[24]. - The company has not reported any violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[27][28]. - The company has implemented new leasing standards effective from 2021, impacting prior comparative data[62]. - The company is taking necessary measures to ensure sustainable operations amid the ongoing bankruptcy proceedings of its major shareholder, Jinlong Group[22].

Financial Performance - The company reported a net profit attributable to shareholders of -241,389,727.63 yuan for the year 2020, indicating a loss [4]. - The company's operating revenue for 2020 was ¥1,742,206,672.72, representing a slight increase of 0.60% compared to ¥1,731,784,239.57 in 2019 [17]. - The net profit attributable to shareholders was a loss of ¥241,389,727.63, a significant decline of 613.56% from a profit of ¥47,003,448.48 in 2019 [17]. - The net profit after deducting non-recurring gains and losses was a loss of ¥197,613,279.08, worsening by 104.12% from a loss of ¥96,813,450.90 in 2019 [17]. - The net cash flow from operating activities was negative at ¥36,238,650.26, a decrease of 125.86% compared to a positive cash flow of ¥140,150,112.97 in 2019 [17]. - The total assets at the end of 2020 were ¥2,270,870,520.57, down 3.61% from ¥2,356,038,897.55 at the end of 2019 [17]. - The net assets attributable to shareholders decreased by 15.90% to ¥1,244,149,623.12 from ¥1,479,413,046.11 in 2019 [17]. - The company reported a basic earnings per share of -¥0.30, a decline of 600.00% from ¥0.06 in 2019 [17]. - The weighted average return on equity was -17.61%, a drop of 20.87 percentage points from 3.26% in 2019 [17]. - The company reported a total operating cost of approximately ¥1.45 billion, a decrease of 2.75% from the previous year [44]. Dividend and Profit Distribution - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves [5]. - The company did not distribute any cash dividends or issue new shares in 2020, maintaining a cash dividend ratio of 0.00% [83]. - The company has not proposed any profit distribution plans for the past three years due to ongoing losses, including a net loss in 2018 of -2,400,111,494.97 CNY [84]. Business Strategy and Future Outlook - The company maintains that its core competitiveness and main business have not experienced significant adverse changes, aligning with industry trends [4]. - The company has outlined measures to improve profitability in its future business plans and risk management strategies [4]. - The company is focused on expanding its market presence and developing new products and technologies, as discussed in the future outlook section [4]. - The company is actively pursuing market expansion and new product development strategies [68]. - The company plans to establish a customer-centric business system and optimize product structure to enhance core product competitiveness in 2021 [74]. - The company aims to increase the proportion of non-mobile motor business by actively exploring markets in smart wearables, smart home, and automotive sectors [76]. - The company anticipates that the demand for smart hardware components will increase with the development of 5G technology, benefiting its business growth [74]. Risk Management - The company emphasizes the importance of risk awareness for investors regarding potential challenges in future operations [4]. - The company is facing risks related to customer attrition, particularly with a major international client, which may impact future orders [77]. - The company is facing risks related to rising labor costs and is implementing measures such as enhancing production efficiency and increasing automation to mitigate these impacts [79]. - The company is closely monitoring exchange rate fluctuations and utilizing financial instruments to reduce potential risks associated with currency changes [78]. Asset Management and Financial Stability - The company is focused on improving its asset structure through strategic asset disposals [68]. - The company aims to enhance cash reserves and improve financial stability through asset sales [67]. - The company is focused on improving cash flow by disposing of idle assets and adjusting its business model in the touch display sector [76]. - The company has committed to avoiding any competition with its related entity, ensuring compliance with commitments made during previous transactions [87]. - The company has committed to avoiding any competition with its subsidiaries and has established a commitment to ensure that no direct or indirect competition occurs during the period of being a shareholder [88]. Legal and Compliance Issues - The company is involved in a lawsuit with a claim amount of RMB 66.336 million, which has been concluded, and the company is liable for joint repayment [112]. - The company has a pending lawsuit against Lin Liming for a compensation claim of RMB 286.969 million related to performance shortfalls from 2017 to 2019 [113]. - The company has submitted a request to change the litigation claims against Lin Liming based on assessment results [113]. - The company has outstanding court judgments totaling 1,525,600 yuan that have not been fulfilled, aside from the mentioned lawsuit [117]. - The company has no bankruptcy reorganization matters during the reporting period [111]. Management and Governance - The company has a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholder [181]. - The board of directors consists of 5 members, including 3 independent directors, meeting legal requirements for composition [182]. - The company has implemented a performance evaluation system for senior management that links compensation to economic performance and work objectives [193]. - The company is committed to maintaining a strong governance structure with independent directors and experienced management personnel [169]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its directors and senior management, aligning their compensation with company performance [186]. Employee and Social Responsibility - The company employed a total of 5,635 staff, with 4,915 in production, 48 in sales, 357 in technical roles, 55 in finance, and 260 in administration [175]. - The company has established a comprehensive and competitive salary and welfare policy for employees, with plans for future adjustments based on performance and market conditions [176]. - The company has been actively fulfilling its social responsibilities, focusing on employee welfare and sustainable development [137]. Audit and Financial Reporting - The audit opinion for the financial statements was a standard unqualified opinion, indicating fair presentation [200]. - The audit report was signed on April 22, 2021, by Zhongzheng Zhonghuan Accounting Firm [200]. - The company has not reported any significant negative news that could impact its reputation [194].

Financial Performance - Operating revenue for the reporting period was ¥544,954,649.88, a decrease of 0.92% year-on-year, while year-to-date revenue was ¥1,165,868,315.12, down 12.28% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥41,231,124.11, representing a significant increase of 468.63% year-on-year, with year-to-date net profit at ¥10,590,923.35, up 126.37%[7]. - Basic earnings per share for the reporting period were ¥0.0513, an increase of 468.63% compared to the same period last year[7]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which was ¥20,512,784.90, up 257.10% year-on-year[7]. - The company reported a net loss of CNY 2,435,816,541.34, slightly improved from a loss of CNY 2,446,407,464.69 in the previous period[33]. - Net profit for Q3 2020 was CNY 40,264,479.47, compared to a net loss of CNY 11,622,461.44 in the same period last year, indicating a significant turnaround[40]. - The company reported a total profit of ¥7,026,011.68, compared to a loss of ¥44,981,443.39 in the previous period[48]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥34,377,422.08, a decline of 459.01% year-on-year[7]. - The net cash flow from operating activities decreased by 279.13% year-on-year, mainly due to delayed customer payments resulting from the pandemic[16]. - The company's cash and cash equivalents at the end of the reporting period decreased by 43.95% compared to the beginning of the year, attributed to previous operating losses and extended payment terms from some customers[16]. - The cash flow from operating activities showed a net outflow of CNY 94,414,649.82, contrasting with a net inflow of CNY 52,708,107.63 in the previous year[56]. - Cash and cash equivalents at the end of the period were CNY 28,176,520.07, down from CNY 48,093,487.85 at the end of the same quarter last year[57]. - The company experienced a decrease in cash inflow from operating activities, totaling CNY 1,100,839,123.70, down from CNY 1,492,297,734.87 in the previous year[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,371,699,648.89, an increase of 0.66% compared to the end of the previous year[7]. - Current assets amounted to CNY 993,627,765.68, up from CNY 918,546,443.81 at the end of 2019, indicating an increase of 8.5%[30]. - Total liabilities were CNY 931,197,885.56, slightly up from CNY 912,407,590.80, an increase of 2.9%[32]. - The company's equity attributable to shareholders decreased to CNY 1,478,601,440.87 from CNY 1,479,413,046.11, a marginal decline of 0.05%[33]. - The total assets of the company are valued at ¥2,356,038,897.55, with total equity amounting to ¥1,443,631,306.75[65]. - Total liabilities reached approximately CNY 1.09 billion, with current liabilities at CNY 1.05 billion and non-current liabilities at CNY 44.53 million[68]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,791, with the top ten shareholders holding a combined 56.67% of the shares[11]. - The largest shareholder, Jinlong Holdings Group Co., Ltd., held 16.49% of the shares, with a total of 132,426,713 shares[11]. - The company has not conducted any repurchase transactions among its top shareholders during the reporting period[15]. Non-Recurring Items and Other Income - Non-recurring gains and losses totaled ¥42,162,046.20, primarily driven by asset disposal gains and other non-operating income[9]. - The company reported a 169.52% increase in investment income year-on-year, driven by improved performance from its joint venture and returns from financial products[16]. - Investment income for the period was ¥30,727,356.48, up from ¥11,400,868.05 in the previous period[48]. - The company reported investment income of CNY 20,352,632.47, a substantial increase from CNY 11,287,339.59 in the same period last year[51]. Legal and Regulatory Matters - The company is involved in ongoing legal disputes that may significantly impact its financial status, including a compensation dispute related to performance commitments from a previous acquisition[19]. - The report was not audited, which may affect the reliability of the financial data presented[70]. - The company has adjusted its financial statements in accordance with new revenue and leasing standards effective from January 1, 2020[61].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥620,913,665.24, a decrease of 20.31% compared to ¥779,121,822.33 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of ¥30,640,200.76, which is a 5.72% increase in loss compared to a loss of ¥28,983,735.75 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥52,083,907.75, a decrease of 25.67% compared to a loss of ¥70,072,416.95 in the same period last year[18]. - The net cash flow from operating activities was a negative ¥60,037,227.74, a significant decline from a positive cash flow of ¥58,857,781.08 in the previous year, representing a 202.00% change[18]. - Total assets at the end of the reporting period were ¥2,322,942,950.10, a decrease of 1.40% from ¥2,356,038,897.55 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥1,449,355,363.98, down 2.03% from ¥1,479,413,046.11 at the end of the previous year[18]. - Basic and diluted earnings per share were both -¥0.0381, reflecting a 5.54% increase in loss compared to -¥0.0361 in the previous year[18]. - The weighted average return on net assets was -2.09%, slightly worse than -2.06% in the previous year[18]. Cash Flow and Investments - The net cash flow from investment activities was ¥9,543,858.05, down 85.94% year-on-year, attributed to fewer asset disposals[38]. - The company reported a net cash flow from financing activities of -¥13,671,578.13, a decrease of 84.10% compared to the previous year, primarily due to higher loan repayments in the prior period[38]. - The total cash inflow from operating activities was 693,307,318.13 CNY, while cash outflow was 753,344,545.87 CNY, resulting in a net cash flow deficit[139]. - The company received 12,000,000.00 CNY from investment recoveries, a decrease from 90,700,000.00 CNY in the previous year[139]. Operational Risks and Challenges - The company faces risks including operational risks, customer attrition risks, and exchange rate fluctuation risks[4]. - The company is addressing customer attrition risks by enhancing R&D capabilities and maintaining close communication with major clients[63]. - The company is exposed to exchange rate fluctuation risks due to a significant portion of export sales being denominated in USD[63]. - The company faces operational risks due to insufficient capital expenditure in its motor business, which is primarily sold to domestic customers[61]. Strategic Plans and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares for this period[4]. - The company plans to enhance its operational management and strengthen its core team to improve performance and resource allocation[34]. - The company aims to transition from a single component supplier to a module and finished product manufacturer, enhancing market competitiveness[35]. - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[146]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[146]. Subsidiaries and Equity - The company has included 37 subsidiaries in its consolidated financial statements for this reporting period[157]. - The largest shareholder, Jinlong Holdings Group Co., Ltd., holds 16.49% of shares, totaling 132,426,713 shares, with a decrease of 8,000,000 shares during the reporting period[104]. - The company has a registered capital of 12 million yuan for its subsidiary Jinlong Electromechanical (Huaibei) Co., Ltd., with total assets of approximately 393.38 million yuan and a net profit of -4.20 million yuan[58]. Legal Matters - The company is involved in a significant lawsuit with a claim amount of 66.336 million, currently in the second instance trial[74]. - The company has a pending lawsuit involving a claim amount of 44.5284 million, which has been concluded but not executed[74]. - The company has a total of 82.3478 million in lawsuits where it is the plaintiff, which do not meet the criteria for significant litigation[75]. - The company has a total of 5.6316 million in lawsuits where it is the defendant, which also do not meet the criteria for significant litigation[75]. Financial Reporting and Compliance - The financial report for the first half of 2020 was not audited[120]. - The company adheres to the accounting standards for enterprises, ensuring the financial statements reflect its financial status accurately[161]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[159]. - The company’s financial reporting adheres to the relevant accounting standards, ensuring accurate measurement and recognition of financial instruments[174].

Financial Performance - Total revenue for Q1 2020 was ¥233,775,435.44, a decrease of 42.37% compared to ¥405,667,830.77 in the same period last year[7] - Net profit attributable to shareholders was -¥28,835,517.68, representing a decline of 277.40% from -¥7,640,671.31 year-on-year[7] - Basic earnings per share were -¥0.0359, down 277.89% from -¥0.0095 in the previous year[7] - The company reported a revenue of 233.78 million yuan, a decrease of 42.37% compared to the same period last year[16] - The net profit attributable to shareholders was -28.84 million yuan, a decline of 277.40% year-on-year[16] - Net profit for the current period is a loss of ¥29,011,328.42, compared to a loss of ¥9,231,599.55 in the previous period[39] - Operating profit for the current period is a loss of ¥30,876,796.50, compared to a loss of ¥13,510,112.28 in the previous period[39] - The company reported a total comprehensive loss of ¥23,630,058.63 for the current period, compared to a loss of ¥9,562,865.69 in the previous period[40] - Basic and diluted earnings per share for the current period are both -0.0359, compared to -0.0095 in the previous period[39] Cash Flow - Net cash flow from operating activities was -¥439,712.29, a decrease of 101.18% compared to ¥37,290,467.48 in the same period last year[7] - Operating cash flow net amount decreased by 101.18% year-on-year, primarily due to reduced business income impacted by the COVID-19 pandemic[15] - The cash inflow from operating activities was CNY 395,190,766.80, a decrease from CNY 512,186,837.63 in the previous period, representing a decline of approximately 23%[46] - The net cash outflow from operating activities was CNY -439,712.29, compared to a net inflow of CNY 37,290,467.48 in the previous period[47] - The cash inflow from investment activities was CNY 3,185,000.00, significantly lower than CNY 76,194,003.00 in the previous period, indicating a decrease of about 96%[48] - The net cash outflow from investment activities was CNY -11,696,605.11, compared to a net inflow of CNY 47,298,909.24 in the previous period[48] - The cash outflow from financing activities was CNY 4,310,865.98, a decrease from CNY 77,908,939.89 in the previous period, reflecting a reduction of approximately 94%[48] - The net increase in cash and cash equivalents was CNY -16,910,618.27, compared to a decrease of CNY -1,135,456.51 in the previous period[48] - The ending balance of cash and cash equivalents was CNY 104,644,374.17, down from CNY 121,554,992.44 in the previous period[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,183,871,951.48, down 7.31% from ¥2,356,038,897.55 at the end of the previous year[7] - Current assets totaled CNY 753,247,825.36, down from CNY 918,546,443.81, indicating a decrease of about 18%[30] - The company's cash and cash equivalents decreased to CNY 187,713,433.39 from CNY 196,721,230.45, a decline of approximately 4.1%[29] - Accounts receivable dropped significantly to CNY 202,087,045.34 from CNY 373,674,456.14, representing a decrease of around 46%[29] - Total current liabilities decreased to CNY 684,330,882.02 from CNY 828,683,752.78, a reduction of about 17.4%[31] - The total liabilities decreased to CNY 767,179,714.73 from CNY 912,407,590.80, reflecting a decline of approximately 15.9%[31] - The company's equity attributable to shareholders decreased to CNY 1,452,649,786.85 from CNY 1,479,413,046.11, a decrease of about 1.8%[32] Government Support and Subsidies - The company received government subsidies amounting to ¥1,763,400.02 during the reporting period[8] - The company recorded other income of ¥1,763,400.02 in the current period, up from ¥200,000.00 in the previous period[38] Market and Operational Strategy - The company plans to actively explore markets for smart wearables, smart home devices, and automotive motors to increase the proportion of non-mobile motor business[18] - The company aims to enhance its R&D capabilities and operational efficiency to regain recognition and new orders from international clients[19] - The company faces risks related to customer loss, particularly due to reliance on a major international client whose product lifecycle is nearing its end[18] - The company is currently undergoing a bankruptcy liquidation process for its controlling shareholder, which may impact its operational stability and customer confidence[20] Investment and Financial Activities - Investment cash flow net amount decreased by 124.73% year-on-year, mainly due to a reduction in the recovery of investment funds[15] - Financial expenses decreased by 112.45% year-on-year, mainly due to exchange gains from currency fluctuations[15] - The company experienced a 56.42% decrease in taxes and surcharges compared to the previous year, attributed to a reduction in turnover tax[15] - Long-term investments increased to CNY 76,664,271.98 from CNY 69,414,271.98, showing a growth of approximately 10%[30] - Investment income from joint ventures and associates for the current period is ¥7,250,000.00, compared to ¥5,217,363.38 in the previous period[38]

Financial Performance - The company's operating revenue for 2019 was approximately ¥1.73 billion, a decrease of 48.60% compared to ¥3.37 billion in 2018[18]. - Net profit attributable to shareholders was ¥47 million, a significant improvement of 101.96% from a net loss of ¥2.40 billion in 2018[18]. - The net cash flow from operating activities was ¥140 million, down 59.88% from ¥349 million in the previous year[18]. - The total assets at the end of 2019 were approximately ¥2.36 billion, a decrease of 2.19% from ¥2.41 billion at the end of 2018[18]. - The company's net assets attributable to shareholders increased by 4.23% to approximately ¥1.48 billion from ¥1.42 billion in 2018[18]. - The basic earnings per share for 2019 was ¥0.06, compared to a loss of ¥2.99 per share in 2018, marking a 101.96% improvement[18]. - The company reported a weighted average return on equity of 3.26%, a significant recovery from -84.42% in 2018[18]. - The company's total revenue for the reporting period was ¥1,731,784,239.57, a decrease of 48.60% compared to the previous year[39]. - The revenue from the touch display business decreased by ¥720.78 million, while the revenue from mobile and communication products decreased by ¥647.21 million[39]. - The company's net profit attributable to shareholders was ¥47,003,448.48, an increase of 101.96% year-on-year[39]. Cash Flow and Investments - Cash and cash equivalents increased by 37.17% to ¥196,721,230.45, primarily due to increased operating cash flow[31]. - The company disposed of equity investments in several subsidiaries, generating a total investment income of ¥38.49 million[41]. - The company's intangible assets remained stable at ¥138,517,527.06, with no significant changes compared to the beginning of the period[31]. - The company's fixed assets were valued at ¥827,849,065.46, showing no significant changes from the previous period[31]. - The company's accounts receivable decreased by 92.73% to ¥1,799,882.14, mainly due to the recovery of previously overdue notes[31]. - The company's long-term deferred expenses increased by 56.8% to ¥10,676,879.76, primarily due to increased office renovation costs[34]. - The company's total revenue for 2019 was approximately CNY 1,731,235,035, a decrease of 54.15% compared to CNY 3,255,753,836.60 in 2018[50]. - The gross profit margin for the electronic components segment was 9.36%, down from 12.31% in the previous year, reflecting a decrease of 47.68% in revenue and 53.93% in cost[47]. - The company reported a significant reduction in sales expenses, which decreased by 56.84% to CNY 49,303,267.72 due to a contraction in business operations[55]. - Research and development expenses were reduced by 62.42% to CNY 60,528,670.99, attributed to the overall business contraction[55]. Business Operations and Strategy - The company operates in the electronic information industry, focusing on micro-special motors and structural components, with production bases in multiple cities[29]. - The global consumer electronics market demand has been declining, impacting the company's sales performance[30]. - The company has advanced capabilities in new materials and manufacturing processes, particularly in the silicone structural components sector[29]. - The company plans to further shrink non-profitable businesses and enhance internal management in 2020[82]. - The company aims to leverage the 5G trend to diversify product offerings and mitigate risks associated with single products[82]. - The company intends to improve cash flow by disposing of idle assets and optimizing its internal organizational structure[84]. - The company is facing risks of customer attrition due to concerns over its ongoing viability, influenced by the bankruptcy proceedings of its controlling shareholder[85]. Shareholder and Governance Matters - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company reported a net profit attributable to the parent company of ¥47,003,448.48 for 2019, with a distributable profit of -¥2,446,407,464.69, leading to no dividend distribution for the year[89]. - The company has not proposed any cash dividend distribution plans for the past three years, reflecting ongoing financial challenges[91]. - The actual controller of the company, Jiang Yunzhen, committed to avoiding competition with Jinlong Electric and Boyi Optoelectronics, ensuring no direct or indirect participation in competitive activities during the shareholder period[92]. - The company has established measures to reduce and regulate related party transactions, ensuring compliance with legal and regulatory requirements[93]. - The company reported a commitment from management shareholders to remain in their positions for at least 60 months following the acquisition of 100% equity in Boyi Optoelectronics[94]. - The company has a robust governance structure in place, adhering to relevant laws and regulations to enhance operational transparency and accountability[182]. - The company has a total of 7 board members, including 3 independent directors, complying with legal and regulatory requirements[183]. Legal and Compliance Issues - The company has not faced any bankruptcy reorganization issues during the reporting period, ensuring operational stability[118]. - The audit opinion for the financial statements was a standard unqualified opinion, indicating fair presentation according to accounting standards[200]. - The company has not encountered any major litigation or arbitration matters during the reporting period, indicating a favorable legal standing[119]. - The company is unable to determine the actual controller due to the bankruptcy proceedings of its controlling shareholder, Jinlong Group[124]. - The company has not identified any risks during the supervisory activities of the supervisory board in the reporting period[193]. Employee and Management Matters - The total remuneration paid to directors, supervisors, and senior management in 2019 amounted to CNY 7.4177 million[174]. - The company employed a total of 7,445 staff, with 5,816 in production, 1,143 in technical roles, and 61 in sales[176]. - The company has established a comprehensive and competitive salary and welfare system for employees, with plans for future adjustments based on performance and position[177]. - The company has implemented various training programs aimed at enhancing production processes and quality standards, focusing on different employee roles[178]. - The company experienced changes in its management team, including the dismissal of the general manager and financial director due to personal reasons and health issues, respectively[168].

金龙机电股份有限公司 2019 年第三季度报告全文 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 戚一统 董事 个人原因 无 金龙机电股份有限公司 2019 年第三季度报告 2019 年 10 月 1 金龙机电股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人黄磊、主管会计工作负责人林天雁及会计机构负责人(会计主管 人员)林天雁声明：保证季度报告中财务报表的真实、准确、完整。 2 金龙机电股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,102,513,704.62 | | 2,408,853 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2019, representing a year-on-year increase of 15%[11]. - The net profit attributable to shareholders was 150 million RMB, up 10% compared to the same period last year[11]. - The company has set a revenue target of 2.5 billion RMB for the full year 2019, indicating a growth forecast of 12%[11]. - Total revenue for the reporting period was ¥779,121,822.33, a decrease of 51.15% compared to the same period last year[17]. - Net profit attributable to shareholders was -¥28,983,735.75, an improvement of 93.57% from -¥450,459,128.40 in the previous year[17]. - The company achieved total operating revenue of RMB 779.12 million, a decrease of 51.15% compared to the same period last year[36]. - The net profit attributable to shareholders was RMB -28.98 million, an increase of 93.57% year-on-year, primarily due to a decrease in orders and prices from a major international customer[32]. - The company reported a net loss of CNY 2,522,405,865.59 in retained earnings as of June 30, 2019, compared to a loss of CNY 2,493,422,129.84 at the end of 2018[124]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the next fiscal year, focusing on micro motors and electronic components[11]. - The company is focusing on developing new technologies in the field of smart home devices, aiming to launch new products by Q4 2019[11]. - Research and development expenses were reduced by 53% to RMB 29.80 million, reflecting the company's strategic contraction[37]. - Research and development expenses for the first half of 2019 were CNY 29,804,101.58, down 53.0% from CNY 63,409,370.23 in the previous year[132]. Market Expansion and Strategy - The company has expanded its market presence in Southeast Asia, achieving a 25% growth in sales in that region[11]. - The company announced plans for a strategic acquisition of a local competitor, which is expected to enhance its market share by 10%[11]. - The company is restructuring its sales and operational systems to enhance responsiveness and management efficiency[33]. - The company has developed multiple new clients and projects in its Shenzhen factory, expanding into new product application areas[34]. Financial Management and Cash Flow - The company will not distribute cash dividends for this fiscal year, opting to reinvest profits into business expansion[4]. - The net cash flow from operating activities was ¥58,857,781.08, showing a slight increase of 1.74% year-on-year[17]. - The company reported a net cash inflow from investment activities of RMB 67.88 million, an increase of 311.09% year-on-year, due to asset disposals[37]. - The cash and cash equivalents increased by 31.39% to ¥188,437,000.00, mainly due to asset disposals[25]. - The company reported a significant decrease in cash flow from operating activities, indicating potential challenges in revenue generation[143]. Risks and Challenges - The company faces risks including management challenges and potential currency fluctuations, which could impact future performance[4]. - The company is at risk of losing major clients due to the aging lifecycle of existing products and has not entered the supplier list for new products[64]. - The company faces significant operational risks in the touch display business, which has not achieved strong competitiveness or profitability despite substantial investments[63]. - The company is taking measures to mitigate risks related to currency fluctuations and potential changes in control due to the debt crisis of its major shareholder[65]. Legal and Compliance - There are ongoing significant litigation matters, including a dispute involving Zhejiang Wuchan Yuantong Pawn with a claim amount of RMB 66.336 million, which is currently under trial[75]. - The company has a pending lawsuit regarding a financial derivative product dispute with a claim amount of RMB 20.924 million, which is still in the trial phase[75]. - The company has reported no major litigation or arbitration matters that meet the disclosure standards during the reporting period[75]. - The semi-annual financial report has not been audited[72]. Shareholder Information - The total number of shares is 803,169,608, with 98.28% being unrestricted shares[102]. - The largest shareholder, Jinlong Holdings Group Co., Ltd., holds 23.36% of shares, totaling 187,615,000 shares[104]. - The total number of common shareholders at the end of the reporting period was 37,406[104]. - There were no changes in the controlling shareholder or actual controller during the reporting period[108]. Asset Management - Total assets at the end of the reporting period were ¥2,134,727,923.68, down 11.38% from the end of the previous year[17]. - The company's current assets totaled CNY 970,599,367.55, down from CNY 1,147,295,936.85 at the end of 2018, indicating a decline of approximately 15.5%[122]. - Cash and cash equivalents increased to CNY 188,437,013.02 from CNY 143,417,069.40, representing a growth of about 31.4%[121]. - Total liabilities decreased to CNY 761,619,574.52 from CNY 1,004,729,990.13, a reduction of approximately 24.2%[124]. Corporate Governance - The company appointed a new CFO on April 22, 2019, following the resignation of the previous CFO due to personal reasons[114]. - The company has not engaged in any significant related party transactions during the reporting period[82]. - The company has not implemented any employee incentive plans or stock ownership plans during the reporting period[80].