Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,575,030,590.66, representing an increase of 87.96% compared to ¥837,981,549.70 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥13,183,465.82, a decrease of 92.79% from ¥182,953,273.73 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥21,239,913.05, showing a significant increase of 837.39% compared to ¥2,265,858.25 in the same period last year[22]. - The net cash flow from operating activities was ¥112,446,139.70, up 106.32% from ¥54,501,415.73 in the previous year[22]. - The total assets at the end of the reporting period were ¥3,166,314,749.63, reflecting a 10.00% increase from ¥2,878,415,385.15 at the end of the previous year[22]. - The total profit decreased by 88.61% to ¥21,272,604.52, while the net profit attributable to shareholders fell by 92.79% to ¥13,183,465.82[35][36]. - The comprehensive gross profit margin was 12.04%, down 6.25 percentage points year-on-year, primarily due to rising material costs in the structural components business[37]. - The company reported a significant decrease in financial expenses by 53.37% to ¥7,881,176.49, mainly due to foreign exchange gains[39]. - The total liabilities increased to CNY 2,036,921,601.66 as of June 30, 2022, compared to CNY 1,766,495,892.33 at the start of the year, marking an increase of about 15.3%[171]. - The company's total current liabilities reached CNY 1,798,728,261.60, up from CNY 1,284,143,725.18, indicating an increase of approximately 40.0%[171]. Revenue Sources - The structural components business accounted for 33.64% of total operating revenue, with a gross margin decline of 8.38 percentage points[37]. - The newly added electronic vaporizer and related accessories business contributed 42.91% to total operating revenue, with a gross margin of 12.03%[37]. - The company's operating revenue increased by 87.96% to ¥1,575,030,590.66 compared to the same period last year, primarily due to the addition of electronic vaporizer and related accessories business revenue[39]. - Revenue from structural components reached approximately ¥529.82 million, an increase of 32.86% year-over-year[43]. - Revenue from electronic atomizers and related accessories was approximately ¥675.90 million, with no year-over-year comparison available[43]. - Domestic revenue amounted to approximately ¥1.07 billion, a significant increase of 226.46% year-over-year[43]. - Foreign revenue was approximately ¥490.74 million, a slight increase of 0.29% year-over-year[43]. Costs and Expenses - Operating costs rose by 102.32% to ¥1,385,392,572.36, driven by the growth in revenue from electronic vaporizers and structural components[39]. - Research and development expenses surged by 129.12% to ¥66,513,220.14, reflecting increased investment in electronic vaporizer and structural components[40]. - Sales expenses increased by 70.32% to ¥17,781,525.82, primarily due to market expansion costs for the new electronic vaporizer business[39]. - The net cash flow from investment activities decreased by 143.75% to -¥63,419,344.74, mainly due to investments in electronic vaporizer production lines and automation equipment[40]. Cash Flow and Liquidity - The cash and cash equivalents net increase decreased by 84.20% to ¥30,774,411.32, attributed to reduced bank borrowings compared to the previous year[40]. - The company's cash and cash equivalents were restricted due to forward foreign exchange contract margins and other disputes, totaling ¥79,421,065.88[55]. - The total restricted assets amounted to ¥487,029,539.80, indicating potential liquidity constraints[55]. - The company reported a net cash flow from financing activities of CNY -22,230,317.62, worsening from CNY -2,550,969.74 in the first half of 2021[185]. Investments and Acquisitions - The company plans to enhance collaboration between the electronic vaporizer business and existing operations to improve cost advantages and customer retention[37]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for this purpose[100]. - The company plans to acquire approximately 81 acres of land in Dongguan for the development of a production base focused on micro motors and related products, although the auction process has not yet started[140]. - The company transferred 100% equity of Dongguan Haolitai Electronics Technology Co., Ltd., resulting in a disposal gain of RMB 89,400[68]. Regulatory and Compliance - The company emphasizes compliance with laws and regulations while actively fulfilling its social responsibilities[90]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[89]. - The company received a tobacco monopoly production license for electronic cigarette processing on April 8, 2022, from the National Tobacco Monopoly Bureau[79]. - The company has established a foreign exchange hedging management system to mitigate risks associated with foreign exchange fluctuations[64]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[4]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[84]. - The actual controller and shareholders have committed to avoiding competition with Jinlong Electric and its subsidiaries, ensuring no direct or indirect participation in competing businesses during their tenure as shareholders[93]. - The company has not reported any significant litigation issues during the reporting period[64]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 10-15% for the second half of 2022[100]. - New product launches are expected to contribute an additional 200 million yuan in revenue by the end of 2022[100]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of 2022[100]. - The company is committed to sustainability initiatives, with plans to invest 50 million yuan in green technologies[100].

Financial Performance - The company's revenue for Q1 2022 was ¥605,323,128.89, representing a 46.34% increase compared to ¥413,638,252.54 in the same period last year[3]. - Net profit attributable to shareholders was ¥12,261,997.97, up 45.16% from ¥8,447,315.77 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥11,733,703.44, a significant increase of 92.78% compared to ¥6,086,662.33 in the previous year[3]. - Operating revenue for Q1 2022 reached CNY 605.32 million, a 46.34% increase compared to CNY 413.64 million in Q1 2021, driven by increased orders in structural components and e-cigarette OEM services[9]. - The total operating revenue for the first quarter of 2022 was CNY 605.32 million, an increase of 46.4% compared to CNY 413.64 million in the same period last year[27]. - The net profit for Q1 2022 was CNY 8,349,280.82, a slight decrease from CNY 8,414,800.46 in Q1 2021, representing a decrease of approximately 0.8%[28]. - The company reported a total comprehensive income of CNY 8,333,394.39 for Q1 2022, compared to CNY 8,966,701.71 in Q1 2021, a decrease of approximately 7.1%[29]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0153, an increase from CNY 0.0105 in Q1 2021, representing an increase of approximately 45.7%[29]. Assets and Liabilities - The company's total assets increased by 8.16% to ¥3,113,420,353.65 from ¥2,878,415,385.15 at the end of the previous year[3]. - The total liabilities amounted to CNY 1.99 billion, up from CNY 1.77 billion, representing an increase of 12.6%[25]. - The company's equity attributable to shareholders was CNY 1.15 billion, a slight increase from CNY 1.14 billion at the beginning of the year[25]. - Accounts receivable increased to CNY 596.04 million, up 14.9% from CNY 518.43 million at the beginning of the year[23]. - Inventory surged to CNY 392.11 million, a significant increase of 93.1% compared to CNY 203.15 million at the beginning of the year[23]. Cash Flow - Cash flow from operating activities decreased by 46.34% to ¥7,416,478.58, down from ¥13,820,690.92 in the previous year[3]. - Cash flow from operating activities showed a net outflow of CNY 7.42 million, a decrease of 46.34% from CNY 13.82 million in Q1 2021, mainly due to increased payments for raw materials[9]. - The company's cash and cash equivalents decreased to CNY 182.62 million from CNY 209.77 million at the beginning of the year, a decline of 12.9%[23]. - The company’s total liabilities increased, with cash outflows from financing activities resulting in a net cash flow of -CNY 7,931,231.71 for Q1 2022, compared to a positive cash flow of CNY 15,371,638.87 in Q1 2021[33]. - Cash inflow from investment activities was CNY 197.27 million, a significant increase of 158.77% compared to CNY 76.23 million in the previous year, driven by the redemption of financial products[10]. Expenses - Operating costs rose to CNY 519.56 million, up 53.80% from CNY 337.81 million in the same period last year, primarily due to increased sales volume[9]. - The total operating costs for the first quarter of 2022 were CNY 608.50 million, up from CNY 412.85 million, reflecting a year-over-year increase of 47.3%[27]. - R&D expenses surged by 105.26% to CNY 26.41 million, reflecting higher investment in research and development[9]. - Research and development expenses increased significantly to CNY 26,413,526.78 from CNY 12,868,084.66, marking an increase of approximately 105.5% year-over-year[28]. - Financial expenses increased by 58.71% to CNY 9.69 million, attributed to a higher balance of bank loans compared to the previous year[9]. Shareholder and Legal Matters - The number of ordinary shareholders at the end of the reporting period was 36,107, with the largest shareholder, Jinlong Holdings Group, holding 16.49% of shares[11]. - The company reported a significant legal case involving a guarantee for a loan of 650 million RMB, with a court ruling that the company must bear half of the creditor's compensation responsibility[17]. - In 2022, the company signed a settlement agreement to pay 28 million USD to SinCo Technologies as part of a resolution to a trademark infringement lawsuit[19]. - The company’s major shareholder, Jinlong Group, is undergoing bankruptcy liquidation, which has implications for the company's financial stability[15]. - The company has faced challenges in selling 132,426,713 shares held by Jinlong Group, with two public auctions resulting in no bids[16]. - The company has disclosed various legal and financial matters in its announcements, reflecting transparency in its operations and challenges faced[15]. Investment and Expansion Plans - The company plans to acquire approximately 81 acres of land in Dongguan for the construction of a production base focused on micro motors, silicone plastic components, and touch display modules[17]. - The company has not initiated the bidding process for the land acquisition as of the report date, indicating potential delays in expansion plans[17]. - The company’s subsidiary, Guangdong Jinxingchuang Precision Technology Co., Ltd., has established a limited partnership for investment purposes, which was later fully transferred[19].

Financial Performance - The net profit attributable to shareholders for 2021 was -101,590,880.06 CNY, indicating a loss for the year [4]. - The company's operating revenue for 2021 was ¥1,888,426,736.57, an increase of 8.39% compared to ¥1,742,206,672.72 in 2020 [20]. - The net profit attributable to shareholders was -¥101,590,880.06, a 57.91% improvement from -¥241,389,727.63 in 2020 [20]. - The net cash flow from operating activities was -¥77,366,843.57, a decline of 113.49% compared to -¥36,238,650.26 in 2020 [20]. - The total assets at the end of 2021 were ¥2,878,415,385.15, representing a 26.75% increase from ¥2,270,870,520.57 at the end of 2020 [20]. - The net assets attributable to shareholders decreased by 8.24% to ¥1,141,683,771.55 from ¥1,244,149,623.12 in 2020 [20]. - The company reported a quarterly revenue of ¥562,186,417.04 in Q4 2021, with a net profit of -¥308,369,189.77 for the same quarter [23]. - Non-recurring losses for 2021 totaled -¥37,298,330.79, compared to -¥43,776,448.55 in 2020 [27]. - The company's basic earnings per share for 2021 was -¥0.1265, an improvement of 57.90% from -¥0.3005 in 2020 [20]. - The gross profit margin increased by 1.07 percentage points to 17.75%, driven by a higher proportion of structural component business [35]. Business Strategy and Development - The management has outlined measures to improve profitability in the future, detailed in the section on future development outlook [4]. - The company plans to enhance internal risk management and cost management to improve competitiveness in its core business [31]. - The company plans to enhance product competitiveness and market share through increased R&D and automation investments [36]. - The company is focusing on optimizing asset structure and improving liquidity by disposing of idle and inefficient assets [37]. - The company is developing new products such as high-performance linear motors and advanced automotive display screens to enhance market competitiveness [54]. - The company aims to optimize existing product structures and improve user experience through ongoing R&D projects [54]. Risk Management - The company emphasizes the importance of monitoring various risk factors, including operational risks and customer attrition risks [5]. - The company’s future development plans and potential risks are discussed in detail in the management analysis section [5]. - The company faced significant challenges in the consumer electronics components industry, with increased raw material costs and pricing pressures from smartphone manufacturers [31]. Corporate Governance - The company adheres to strict information disclosure regulations, ensuring transparency and fairness in communication with investors [97]. - The performance evaluation and incentive mechanisms for executives are transparent and aligned with the company's development status [97]. - The company maintains complete independence from its controlling shareholders in business operations, personnel, assets, and financial matters [98]. - The company has established a complete governance structure with independent boards and committees, ensuring no conflicts of interest with controlling shareholders [99]. - The company has independent financial accounting and management systems, with no funds being utilized by controlling shareholders [99]. Employee and Management Information - The total number of employees at the end of the reporting period was 4,902, with 4,838 from major subsidiaries and 64 from the parent company [125]. - The company has a total of 4,107 production staff, 400 technical staff, and 63 sales staff, reflecting a diverse workforce [126]. - The total remuneration paid to directors, supervisors, and senior management in 2021 amounted to 6.9121 million yuan [113]. - The company has implemented a performance evaluation system to determine the remuneration of senior management [113]. Legal and Compliance Issues - The company faced regulatory actions, including a warning and fines totaling RMB 700,000 for failing to report shareholding changes timely [182]. - The company’s major shareholder, Jin Long Group, received a warning and a fine of RMB 400,000 for exceeding shareholding reduction limits without timely disclosure [183]. - The company continues to monitor and manage its legal risks and compliance with regulatory requirements [182]. Investment and Financial Management - The company has engaged in cash asset management through entrusted financial management during the reporting period [200]. - The total amount of entrusted financial management is reported in ten thousand yuan [200]. - The company has recognized significant guarantees amounting to 1.5 million yuan during the reporting period [197]. - The total guarantee amount approved for subsidiaries during the reporting period is 9,244.77 million [199]. Subsidiaries and Acquisitions - The company established several new subsidiaries, including Dongguan Huanyin Electronics Technology Co., Ltd. and Dongguan Liyong Precision Electronics Technology Co., Ltd., both with a 100% ownership stake [47]. - The company’s subsidiary, Shenzhen Deweishi Technology Co., Ltd., is undergoing bankruptcy liquidation, which is not expected to significantly impact the company's operations or performance [177]. - The company has completed a strategic acquisition of a tech startup, which is anticipated to enhance the company's product offerings and increase market competitiveness [162]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue increase of 25% based on current market trends and user acquisition strategies [162]. - The management emphasized the importance of compliance and risk management in light of recent regulatory changes affecting the industry [162].

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]