Financial Performance - The company's operating revenue for 2019 was CNY 9,008,443,265.11, representing an increase of 11.72% compared to CNY 8,063,134,838.57 in 2018[36]. - The net profit attributable to shareholders for 2019 was CNY 368,732,432.51, a growth of 52.35% from CNY 242,022,322.55 in the previous year[36]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 98,578,029.70, which is a decrease of 19.10% compared to CNY 121,848,364.27 in 2018[36]. - The company's total assets at the end of 2019 were CNY 13,189,310,051.07, reflecting a 4.01% increase from CNY 12,680,983,657.97 at the end of 2018[36]. - The net assets attributable to shareholders at the end of 2019 were CNY 6,475,324,900.95, up 4.85% from CNY 6,175,918,956.91 in 2018[36]. - The basic earnings per share for 2019 were CNY 0.42, an increase of 50.00% from CNY 0.28 in 2018[36]. - The diluted earnings per share for 2019 were also CNY 0.42, reflecting the same growth of 50.00% compared to CNY 0.28 in the previous year[36]. - The weighted average return on equity for 2019 was 5.83%, an increase of 1.87% from 3.96% in 2018[36]. - The net cash flow from operating activities for 2019 was CNY 281,533,713.54, which is a 13.50% increase from CNY 248,056,886.16 in 2018[36]. - The company reported a significant cash flow deficit in the first quarter of 2019, with a net cash flow from operating activities of -CNY 658,565,966.15[37]. Market Presence and Operations - The company has expanded its global operations, covering over 150 countries and regions, with significant export scale despite the severe impact of the COVID-19 pandemic on major economies[7]. - The company operates in four main application areas: communication and data, smart energy storage, green travel, and resource regeneration, providing a full closed-loop industrial chain[49]. - The company has established strategic partnerships with major clients in the communication sector, including China Mobile and Huawei, and is expanding its presence in the electric vehicle market[55]. - The company has established long-term partnerships with major internet companies and financial institutions in China[73]. - The company has formed deep partnerships with major telecom operators and equipment integrators, maintaining a stable domestic market share while increasing its international market presence[70]. - The company has a strong market presence, covering over 150 countries and regions, and ranks among the top three in the domestic communication backup battery market[102]. Research and Development - The company holds multiple intellectual property rights in core technologies such as high-temperature batteries and lithium-ion batteries, which are crucial for maintaining competitive advantages[14]. - The company holds over 1,000 patents, including more than 400 invention patents, showcasing its strong technological leadership in the industry[106]. - The company is collaborating with Zhejiang University on solid-state battery research and has reached a consensus with Huineng Technology to advance solid-state lithium battery industrialization[106]. - The company is actively involved in the research and development of fuel cells through partnerships, aiming to leverage its channel advantages in this sector[51]. - The number of R&D personnel rose to 564, representing 7.92% of the total workforce[156]. - Research and development expenses increased by 31.57% to ¥251,365,211.69 compared to the previous year[159]. Environmental and Social Responsibility - The company is committed to maintaining high standards for environmental protection and employee health, with a comprehensive management system in place[12][13]. - The company’s lead recycling business is located in a national "urban mining" demonstration base, achieving a metal recovery rate of over 99%[90]. - The company’s second-phase project will increase its annual processing capacity for waste lead-acid batteries to 1.2 million tons, further solidifying its leading position in the industry[91]. - The company is focusing on the development of energy storage technologies, supported by government policies aimed at promoting the integration of renewable energy sources[75]. Financial Strategy and Investments - The company will not distribute cash dividends or issue bonus shares, focusing instead on reinvestment for growth[17]. - The company plans to expand its market presence and invest in new technologies, focusing on renewable energy solutions[174]. - The company raised a total of CNY 242,726.9 million through a private placement, with CNY 243,440.55 million utilized by the end of the reporting period[185]. - The company has not yet used CNY 3.49 million of the raised funds, which are stored in a special account[185]. - The company plans to use up to 45,000 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding two months[197]. Sales and Revenue Growth - The communication and data business generated revenue of 250,420.28 million yuan, with a gross margin increase of 4.66 percentage points compared to the previous year[114]. - The data center lead-acid battery business saw a revenue increase of 137.13%, driven by the growing demand for backup power solutions[116]. - The smart energy storage business reported revenue of 31,185.57 million yuan, up 26.08% year-on-year, with a gross margin increase of 1.65 percentage points[119]. - The green travel business achieved revenue of 265,928.60 million yuan, a 22.94% increase from the previous year, despite a slight decline in gross margin[121]. - The lithium battery product revenue increased by 45.59% to ¥831,206,471.99, compared to ¥570,927,065.49 in the previous year[133]. - The resource recycling sector saw sales of 331,900 tons, generating revenue of ¥5,112,783,900, which is a 14.12% increase year-over-year[124]. Challenges and Risks - The company is facing foreign exchange risks due to potential appreciation of the RMB, which could lead to reduced revenue and increased exchange losses; measures include diversifying settlement currencies and using forward foreign exchange contracts[11]. - Lead and its alloys account for over 60% of the production costs for lead-acid battery products, with fluctuations in lead prices affecting profit margins; the company plans to implement a lead price linkage mechanism to mitigate risks[8][10]. - The company reported a non-recurring loss of -¥3,398,826.07 in 2019, compared to -¥1,941,472.45 in 2018[42].

Financial Performance - Total revenue for Q1 2020 was ¥1,473,928,655.82, a decrease of 17.60% compared to ¥1,788,674,618.77 in the same period last year[8]. - Net profit attributable to shareholders was ¥54,825,959.09, down 73.27% from ¥205,132,733.30 year-on-year[8]. - Net profit excluding non-recurring gains and losses was ¥40,334,110.02, a decline of 58.36% from ¥96,866,343.77 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.06, down 73.91% from ¥0.23 in the same period last year[8]. - The company reported a decrease in sales costs to ¥958,869,720.23 from ¥675,299,928.99, reflecting a cost management strategy[77]. - The total comprehensive income attributable to the parent company was ¥55,577,177.58, compared to ¥197,196,711.03 in the previous period[76]. Cash Flow - The net cash flow from operating activities improved to -¥334,667,327.51, a 49.18% increase compared to -¥658,565,966.15 in the same period last year[8]. - The cash flow from financing activities showed a net outflow of 148,902,706.42 RMB, contrasting with a net inflow of 338,282,240.45 RMB in the previous period[94]. - The company received cash from operating activities totaling ¥1,332,219,798.10, down from ¥1,827,361,724.20 in the previous period[84]. - The total cash inflow from operating activities was 776,443,463.35 RMB, an increase from 621,249,082.53 RMB year-over-year[91]. - The net cash flow from investing activities was -85,043,077.95 RMB, an improvement from -559,154,156.81 RMB in the previous period[94]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,509,166,930.69, an increase of 2.43% from ¥13,189,310,051.07 at the end of the previous year[8]. - The company's total liabilities reached CNY 7.11 billion, compared to CNY 6.85 billion, marking an increase of about 3.8%[55]. - The company's current assets totaled CNY 7.26 billion, up from CNY 6.98 billion year-over-year[49]. - The balance of accounts receivable at the end of the reporting period was 141.41 million yuan, a decrease of 31.79% from the beginning of the period, mainly due to a reduction in commercial acceptance bills[25]. - The company's equity increased slightly to CNY 7,073,190,389.93 from CNY 7,060,297,196.93[64]. Operational Highlights - The company has fully resumed production, with a substantial increase in orders for 5G communication and data center backup power[31]. - The demand for communication backup power products remained stable, with lithium battery demand significantly increasing, contributing positively to the overall business[31]. - The annual production capacity of the new energy battery project is expected to reach 10 million kVAh, with the first phase completed and operational[38]. - The project timeline for the new energy battery project has been extended to April 30, 2021, due to delays caused by the COVID-19 pandemic[38]. - The company is actively adjusting its project plans in response to market demand changes, which may affect product selection and design[38]. Government and Subsidies - The company reported government subsidies of ¥21,606,703.57 during the period[8]. - Other income for the reporting period was 81.73 million yuan, a decrease of 59.69% year-on-year, mainly due to a reduction in government subsidies related to daily operations[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,250[12]. - Net assets attributable to shareholders increased to ¥6,530,902,078.53, a rise of 0.86% from ¥6,475,324,900.95 at the end of the previous year[8].

证券代码：300068 证券简称：南都电源 公告编号：2019-100 浙江南都电源动力股份有限公司 关于参加浙江辖区上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的 任何虚假记载、误导性陈述或重大遗漏承担责任。 为进一步加强与投资者的沟通交流，浙江南都电源动力股份有限公司（以下 简称"公司"）将参加由中国证券监督管理委员会浙江监管局指导、浙江省上市 公司协会与深圳市全景网络有限公司共同举办的"沟通促发展 理性共成长"辖 区上市公司投资者网上集体接待日主题活动。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，投资者可登陆"全景·路演天下"（http://rs.p5w.net）参与互动 交流，活动时间为 2019 年 11 月 5 日（星期二）下午 15:30-17:00。 届时公司董事、总经理朱保义先生，董事、副总经理兼财务总监王莹娇女士， 董事会秘书杨祖伟先生将通过网络在线形式与投资者就公司治理、发展战略、经 营状况等投资者关心的问题进行沟通。 欢迎广大投资者积极参与。 特此公告。 浙江南都电源动力 ...

Financial Performance - Net profit attributable to shareholders decreased by 41.63% to CNY 77,427,582.99 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 26.65% to CNY 75,780,813.49[8] - Basic earnings per share decreased by 40.00% to CNY 0.09[8] - Net profit for Q3 2019 was CNY 42,927,501.46, a decrease of 59.33% compared to CNY 105,662,753.24 in Q3 2018[64] - The company reported a basic earnings per share of CNY 0.09, down from CNY 0.15 in the same quarter last year[68] - The total comprehensive income for Q3 2019 was CNY 38,326,815.27, a significant decrease from CNY 112,579,687.79 in Q3 2018[68] - The company achieved total revenue of ¥6,478,365,400.75 for the year-to-date, slightly down from ¥6,588,643,462.24 in the previous year, reflecting a decrease of about 1.7%[79] - The net profit for the current period was ¥107,288,254.06, a significant recovery from a net loss of ¥17,086,488.68 in the previous period[89] - The total comprehensive income for the current period was ¥263,537,039.01, compared to ¥380,402,461.06 in the previous period, indicating a decrease of 30.8%[86] Revenue and Costs - Operating revenue for the period was CNY 2,496,050,045.71, reflecting a 1.52% increase compared to the same period last year[8] - Total operating revenue for Q3 2019 was CNY 2,496,050,045.71, an increase of 1.52% compared to CNY 2,458,678,980.54 in the same period last year[62] - Total operating costs for Q3 2019 were CNY 2,551,897,757.43, up 6.84% from CNY 2,387,852,122.77 year-on-year[62] - Total operating costs for the year-to-date increased to ¥6,643,460,380.11 from ¥6,437,063,403.09, representing an increase of approximately 3.2%[79] Assets and Liabilities - Total assets increased by 5.98% to CNY 13,439,589,969.01 compared to the end of the previous year[8] - Total liabilities amounted to ¥7,099,276,343.65, compared to ¥6,526,818,358.24, reflecting an increase of about 8.7%[48] - The company's total liabilities increased to CNY 5,181,218,203.58 from CNY 4,762,183,329.08, reflecting a growth of 8.77%[61] - The balance of short-term borrowings at the end of the reporting period was CNY 3,379.42 million, an increase of 49.71% compared to the beginning of the year, primarily due to a temporary increase in working capital[27] - Total liabilities reached approximately ¥6.53 billion, with current liabilities at ¥5.20 billion and non-current liabilities at ¥1.33 billion[116] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -78,697,289.52, an 85.94% increase compared to the same period last year[8] - The net cash flow from operating activities during the reporting period was -CNY 78.70 million, an increase of 86.78% compared to the same period last year, mainly due to an increase in cash received from customers[31] - The net cash flow from financing activities during the reporting period was CNY 490.42 million, a decrease of 68.67% compared to the same period last year, mainly due to the issuance of short-term financing bonds in the previous year[31] - The cash flow from operating activities generated a net outflow of ¥78,697,289.52, an improvement from a net outflow of ¥595,303,302.17 in the previous period[95] - The company's financial expenses decreased to ¥21,734,882.70 from ¥46,543,757.08 in the previous period, showing a reduction of 53.3%[89] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,386[12] - The largest shareholder, Hangzhou Nandu Power Co., Ltd., held 13.67% of the shares, amounting to 119,016,340 shares[12] Investments and Subsidies - The company received government subsidies amounting to CNY 196,483,358.62 during the reporting period[8] - The investment income for the first three quarters of 2019 was CNY 68.49 million, an increase of 551.36% compared to the same period last year, mainly due to the repurchase of performance compensation shares[28] - The company reported a significant increase in investment income, reaching ¥125,221,413.42 compared to ¥42,097,527.20 in the previous period[89] Inventory and Receivables - The balance of accounts receivable notes at the end of the reporting period was CNY 32.93 million, a decrease of 42.81% compared to the beginning of the year, mainly due to a reduction in bank acceptance bills and commercial acceptance bills received from customers[27] - Accounts receivable rose to ¥2,392,026,337.96 from ¥1,861,057,445.77, representing an increase of approximately 28.5%[42] - The company's inventory stood at approximately ¥3.28 billion, indicating a stable inventory management strategy[113]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2019, representing a year-on-year growth of 15%[2] - Total revenue for the reporting period was RMB 3,982,315,355.04, a decrease of 3.58% compared to the same period last year[35] - Net profit attributable to shareholders was RMB 251,774,012.06, down 16.39% year-on-year[35] - Net profit after deducting non-recurring gains and losses was RMB 30,256,758.72, a significant decline of 83.07% compared to the previous year[35] - Basic earnings per share decreased to RMB 0.29, down 14.71% from RMB 0.34[35] - The gross profit margin for the overall business was 11.81%, reflecting a decrease of 2.74% year-on-year[71] - The company’s communication and data backup power business achieved sales revenue of 1.081 billion yuan, a year-on-year decrease of 19.74%, but with a gross margin increase of 5.12 percentage points[60] Production and Capacity - The total production capacity of lead-acid batteries reached 10 million units, with a utilization rate of 85% during the reporting period[6] - The average selling price of lead-acid batteries increased by 5% due to rising raw material costs, particularly lead, which constitutes over 60% of production costs[7] - The company's fixed assets increased by 44.77% to 341,159.55 million yuan, primarily due to the completion of distributed energy network construction projects[46] Market Expansion - The company has expanded its overseas market presence, now covering over 150 countries and regions, which has contributed to 30% of total sales revenue[6] - The sales revenue of the power business reached 1.059 billion yuan, an increase of 13.06% year-on-year[57] Research and Development - The company plans to invest 200 million RMB in R&D for new energy storage technologies and product innovations in 2019[11] - Research and development expenses increased by 30.77% to CNY 102,581,153.87, driven by higher material and labor costs[67] - The company is actively developing lithium battery recycling projects and has completed the feasibility study for its Anhui subsidiary's lithium battery recycling project[61] - The company is collaborating with Zhejiang University on solid-state lithium battery technology research and development[62] Financial Management - The company has decided not to distribute cash dividends or issue bonus shares for the current fiscal year, opting to reinvest profits into growth initiatives[15] - The company reported a significant increase in financial expenses, up 110.04% to CNY 103,283,503.82, primarily due to increased interest expenses[67] - The company’s investment activities generated a net cash outflow of CNY -634,924,592.67, a reduction of 34.42% compared to the previous year[67] Environmental Management - The company has established a robust environmental management system, ensuring compliance with new industry regulations and standards, which has improved operational efficiency by 10%[10] - The company has implemented effective environmental management practices to ensure compliance with pollution discharge standards[160] - The company has completed the application for the new pollutant discharge permit for several subsidiaries, while others are in process[161] Shareholder and Equity Information - The total number of shares before the recent changes was 877,505,321, with a decrease of 6,770,666 shares, resulting in a total of 870,734,655 shares after the changes[170] - The company repurchased and canceled 6,770,666 shares at a total price of 1 CNY, as part of a performance commitment compensation plan[171] - The total number of common shareholders at the end of the reporting period was 53,269[181] - The largest shareholder, Hangzhou Nandu Power Co., Ltd., has not changed during the reporting period[188] Legal and Compliance Matters - The company is involved in a contract dispute with Beijing Zhixing Hongyuan Automotive Co., Ltd. for an amount of 14,383.11 million yuan, which is currently pending court proceedings[122] - The company has no significant litigation or arbitration matters during the reporting period[119] - The company has not faced any significant risks or litigation matters related to the entrusted loans[103] Guarantees and Liabilities - The total external guarantee amount approved during the reporting period is CNY 2,000 million, with an actual guarantee amount of CNY 940 million[143] - The company has a total of CNY 150,000 million in guarantees for Hangzhou Nandu Power Technology Co., Ltd. with multiple instances of actual amounts guaranteed[146] - The actual guarantee amount accounted for 13.23% of the company's net assets[151] Miscellaneous - The company has not engaged in any significant poverty alleviation work during the reporting period[163] - There are no other significant matters that require explanation during the reporting period[164]

Financial Performance - Total revenue for Q1 2019 was ¥1,788,674,618.77, a decrease of 5.16% compared to ¥1,886,088,414.05 in the same period last year[8]. - Net profit attributable to shareholders increased by 52.00% to ¥205,132,733.30 from ¥134,958,502.67 year-on-year[8]. - Net profit excluding non-recurring items rose by 125.96% to ¥96,866,343.77 compared to ¥42,868,815.76 in the previous year[8]. - Basic and diluted earnings per share increased by 53.33% to ¥0.23 from ¥0.15 year-on-year[8]. - The company reported a total of ¥2,257,261,885.56 in short-term borrowings[113]. - The company reported a decrease in financial expenses to ¥11,276,283.50 from ¥24,620,021.92, indicating better cost management[90]. - The total comprehensive income for the current period was ¥202,387,509.49, compared to ¥131,072,437.28 in the previous period, showing overall financial health[89]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 31.16%, reaching -¥658,565,966.15, compared to -¥1,100,414,249.92 in the same period last year[8]. - The company's cash flow from operating activities was -658.566 million yuan, an increase of 40.15% year-on-year, due to a decrease in payments to suppliers[28]. - Cash and cash equivalents at the end of the period were CNY 155,901,859.32, a decrease from CNY 1,087,476,011.53 at the end of the previous period[109]. - The company experienced a net decrease in cash and cash equivalents of -CNY 401,301,010.37, contrasting with a net increase of CNY 174,991,170.20 in the prior period[109]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,273,359,192.19, an increase of 4.67% from ¥12,680,983,657.97 at the end of the previous year[8]. - The total liabilities of the company were approximately CNY 6.92 billion, compared to CNY 6.53 billion, indicating an increase of about 6.0%[68]. - The equity attributable to shareholders of the parent company rose to approximately CNY 6.37 billion from CNY 6.18 billion, representing an increase of about 3.1%[71]. - The balance of non-current liabilities due within one year was 825 million yuan, an increase of 48.67% from the beginning of the period, due to new long-term loans maturing within a year[26]. Research and Development - Research and development expenses amounted to 45.2503 million yuan, a year-on-year increase of 32.88%, reflecting increased investment in lithium battery R&D[27]. - Research and development expenses increased to CNY 45,250,277.04, up from CNY 34,052,792.59, highlighting a focus on innovation[82]. - The company is actively expanding its lithium battery market and has formed partnerships with well-known domestic manufacturers, resulting in bulk sales[32]. Business Expansion and Projects - The company has successfully launched a 50MW frequency modulation service energy storage project in collaboration with Upside, with 30MW already operational[31]. - The company achieved sales revenue of 975 million yuan from the recycled lead business, contributing 200.7023 million yuan in profit, a year-on-year increase of 25.58%[29]. - The company is developing new products and solutions tailored for 5G base station models, anticipating broader applications in the domestic and international 5G communication markets[33]. - The company is advancing the construction of a new energy battery project in Wuhan, with the first phase completed and operational, while the second phase is delayed due to land acquisition issues[36]. Risk Management - The company faces risks from international political and economic instability, particularly in overseas markets covering over 150 countries, and is implementing strategies to mitigate these risks[38]. - The company is exposed to raw material price volatility, particularly lead, which constitutes over 60% of production costs, and is implementing price linkage mechanisms with clients[39]. Shareholder and Fund Management - The company has temporarily supplemented working capital with 1,688.55 million yuan of raised funds, with 44,921.45 million yuan remaining idle[54]. - The total amount of raised funds is 332,006.9 million yuan, with no changes in usage during the reporting period[49]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[47].

Global Operations and Market Presence - The company has expanded its global operations, covering over 150 countries and regions, but faces risks from international political and economic instability, particularly due to trade protectionism and currency fluctuations[6]. - The company has established a global sales network covering over 150 countries and regions, enhancing its market and channel advantages[62]. - The company is actively expanding its lithium battery storage market, with plans to increase investment in the electric vehicle battery sector as market conditions stabilize[67]. - The company’s overseas lithium products have expanded to over 40 countries and regions, entering the supplier lists of several well-known overseas operators[79]. Financial Performance - The company's operating revenue for 2018 was ¥8,063,134,838.57, a decrease of 6.64% compared to ¥8,636,812,561.29 in 2017[34]. - The net profit attributable to shareholders for 2018 was ¥242,022,322.55, down 36.46% from ¥380,886,623.42 in 2017[34]. - The total profit for the period was ¥92,126,575.78, down 77.94% compared to the previous year[70]. - The gross margin for the main business was 14.04%, a decrease of 0.62 percentage points from the previous year[70]. - The company reported a net profit of -¥191,767,667.00 in Q4 2018, contrasting with positive profits in the first three quarters[39]. Investment and Capital Expenditure - The company raised funds of 10.60 billion CNY for the construction of a high-efficiency green treatment and comprehensive recycling demonstration project for waste lead-acid batteries, which will add an annual processing capacity of 750,000 tons upon full capacity release[92]. - The total investment amount for the reporting period was ¥1,913,167,665, a decrease of 32.10% compared to ¥2,817,570,187.67 in the same period last year[135]. - The company made a significant equity investment of ¥80,000,000 in Quick Point Technology Group, acquiring a 20% stake[135]. - The waste lead-acid battery recycling project has an investment of ¥854,132,699.28, with a cumulative investment of ¥955,235,178.15, currently at 100% completion[136]. Research and Development - The company holds multiple intellectual property rights for its core technologies, including high-temperature batteries and lithium-ion batteries, which are critical for maintaining its competitive edge[11]. - Research and development expenses increased by 21.44% to 191,051,322.96 yuan in 2018 compared to 157,318,577.40 yuan in 2017[117]. - The company is collaborating with Zhejiang University on solid-state battery R&D and has reached a consensus with Huineng Technology to advance solid-state lithium battery industrialization[58]. - The company is focusing on technology innovation and has completed the development of a lead-carbon start-stop battery project, which has passed acceptance[87]. Environmental and Sustainability Initiatives - The company has established a robust environmental management system and has met the regulatory requirements for the lead-acid battery industry, ensuring sustainable development[10]. - The company is actively promoting lithium-ion battery recycling and new material businesses, aiming to build a comprehensive green circular economy platform[59]. - The company aims to increase the proportion of recycled lead from 33% in 2015 to 45% by 2020, in line with national development plans for the recycling industry[179]. - The company plans to achieve a waste battery recycling capacity of 1.2 million tons, positioning itself as the largest lead resource recycling facility globally[181]. Management and Internal Controls - As the company expands its scale and new business ventures, it faces increased management risks, necessitating improvements in internal controls and organizational structure[12]. - The company is committed to improving its internal management systems to adapt to the complexities arising from its growth and expansion[14]. - The company continues to enhance internal control processes and brand culture, aiming for modernization and efficiency improvements[96]. - The company has established several new subsidiaries in 2018, including Zhejiang Nandu Hongxin Power Co., Ltd. with a 51% stake and Beijing Nandu Smart Energy Technology Co., Ltd. with a 100% stake[109]. Cash Dividend Policy - The company has distributed a total of 332,362,893.46 CNY in cash dividends from 2015 to 2017, which is 70.24% of the average distributable profit of 473,171,525.07 CNY for the same period[195]. - The company has not issued any stock dividends or cash dividends for the current year, with a cash dividend amount of 0.00 CNY[197]. - The company's cash dividend policy is compliant with the relevant regulations and has been executed transparently, ensuring the protection of minority shareholders' rights[196]. - The decision-making process for the cash dividend policy is complete and clear, with independent directors fulfilling their responsibilities[196].

Financial Performance - Net profit attributable to shareholders decreased by 37.00% to CNY 132.66 million for the reporting period[9] - Operating revenue for the period was CNY 2.46 billion, a decrease of 6.67% year-on-year[9] - Basic earnings per share fell by 42.31% to CNY 0.15[9] - The company reported a net profit of CNY 433.79 million for the year-to-date, an increase of 18.35% compared to the same period last year[9] - Net profit for the period was ¥105,662,753.24, a decline of 43.19% compared to ¥185,833,241.96 in the same period last year[47] - Net profit for the period was ¥-16,631,079.97, a significant decline from ¥16,009,210.64 in the same period last year[52] - The company reported a total comprehensive income of ¥-16,631,079.97, down from ¥16,009,210.64 in the previous year[52] Cash Flow and Liquidity - The net cash flow from operating activities showed a decline of 24.09% to CNY -595.30 million year-to-date[9] - The company reported a net cash decrease of RMB 522.89 million in cash and cash equivalents for the first three quarters, a decline of 41.33% year-over-year, primarily due to reduced net cash generated from operating activities[25] - The company’s basic and diluted earnings per share were both -¥0.02, compared to ¥0.11 in the same period last year[59] - Cash flow from operating activities for the parent company was -¥121,107,566.02, an improvement from -¥825,743,723.70 in the previous year[62] - The ending balance of cash and cash equivalents was CNY 411,300,660.95, significantly lower than CNY 1,039,197,813.96 at the end of the same quarter last year[64] Assets and Liabilities - Total assets increased by 20.40% to CNY 13.12 billion compared to the end of the previous year[9] - As of the end of the reporting period, cash and cash equivalents amounted to RMB 808.01 million, a decrease of 38.97% compared to the beginning of the year, primarily due to increased funding needs for production and fixed asset investments[21] - The balance of construction in progress was RMB 1.74 billion, up 191.10% year-to-date, attributed to investments in distributed energy network projects and battery technology upgrades[21] - The total liabilities rose to ¥5,627,393,463.96, an increase of 55.46% from ¥3,620,935,744.82[44] - The balance of other current liabilities surged to RMB 908.63 million, an increase of 2662.96% from the beginning of the year, primarily due to the issuance of RMB 900 million in short-term financing bonds[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,221[13] - The largest shareholder, Hangzhou Nandu Power Co., Ltd., held 13.56% of the shares[13] Government Support and Investments - The company received government subsidies amounting to CNY 158.23 million during the year[10] - The lithium battery recycling project by Nandu Huayu has been successfully approved for funding under the Anhui Province's new energy vehicle innovation program, with a maximum subsidy of RMB 30 million[26] Research and Development - Research and development expenses for the period were ¥52,465,390.31, up 29.39% from ¥40,555,732.04 in the previous period[45] - Research and development expenses increased to ¥130,911,064.72 from ¥107,445,016.49, representing a growth of 21.9%[53] Dividend Distribution - The company distributed cash dividends of RMB 2 per 10 shares, totaling RMB 174,978,833.40 (including tax) for the 2017 profit distribution plan[30] Impairment and Provisions - The company reported an asset impairment loss of RMB 34.39 million for the first three quarters, a significant increase of 1706.87% year-over-year, due to higher provisions for bad debts[23] - The company experienced an asset impairment loss of ¥34,390,972.68, compared to a gain of ¥-2,140,243.84 in the previous period[53]

Financial Performance - Total revenue for the reporting period reached CNY 4,129,964,481.70, an increase of 11.04% compared to CNY 3,719,241,271.80 in the same period last year [27]. - Net profit attributable to shareholders was CNY 301,130,534.91, representing a significant increase of 93.11% from CNY 155,940,247.02 year-on-year [27]. - The net profit after deducting non-recurring gains and losses was CNY 178,697,741.04, up 100.53% from CNY 89,113,011.75 in the previous year [27]. - The company achieved total operating revenue of CNY 4,129.96 million, a year-on-year increase of 11.04% [41]. - The gross profit margin for the overall business was 14.55%, with a slight increase of 1.20% year-on-year [61]. - The company reported a total profit for the period of CNY 271,827,249.39, compared to CNY 240,971,772.17 in the previous year, marking an increase of 12.8% [191]. - The comprehensive income attributable to shareholders of the parent company was CNY 298,961,893.76, compared to CNY 154,911,028.13 in the previous year, indicating a growth of 92.9% [192]. - The company reported a basic and diluted earnings per share of CNY 0.34, compared to CNY 0.20 in the same period last year, reflecting a 70% increase [192]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -CNY 1,095,233,695.23, a decline of 225.51% compared to -CNY 336,469,369.18 in the same period last year [27]. - Cash and cash equivalents at the end of the reporting period were CNY 788 million, a decrease of 40.48% from the beginning of the period due to increased funding needs for production and capital expenditures [37]. - The net cash flow from investing activities was -968,124,623.61 CNY, slightly worse than -927,020,321.08 CNY in the prior period, showing continued investment outflows [200]. - The total cash inflow from financing activities was 2,625,760,055.36 CNY, up from 1,310,000,000.00 CNY, reflecting increased financing efforts [200]. - The company paid 254,334,001.22 CNY in dividends and interest, an increase from 196,343,031.97 CNY, indicating a commitment to shareholder returns despite cash flow challenges [200]. Operational and Strategic Developments - The company is actively promoting the transformation from traditional product sales to providing system solutions and operational services [34]. - The company is expanding its global presence with multiple subsidiaries, which increases the complexity of its management and operational oversight [11]. - The company is enhancing its resource recycling platform, with a total processing capacity for waste lead-acid batteries expected to reach 1.2 million tons upon project completion [50]. - The company signed a strategic cooperation agreement with Upside in Germany for a frequency regulation energy storage system project with a total capacity exceeding 50 MW, with the first phase of 10 MW completed [45]. - The company is actively expanding into the data center battery business, collaborating with major clients like Alibaba and focusing on new projects across various regions [49]. Environmental and Compliance Efforts - The company has established a comprehensive environmental management system to comply with stringent industry regulations and enhance its sustainability practices [9]. - The company reported a total wastewater discharge of 976.98 kg of COD, with a concentration of 15 mg/L, which is below the regulatory limit of 8210 kg/a [125]. - The company has implemented a wastewater treatment process using "neutralization + coagulation sedimentation" technology to ensure compliance with environmental standards [126]. - The company has established dedicated environmental management positions to ensure the effective operation of pollution control facilities [126]. Research and Development - The company invested CNY 123,899,900.45 in R&D, representing a 9.94% increase from CNY 112,693,010.54 in the previous year [59]. - The company holds multiple intellectual property rights for its core technologies, including high-temperature batteries and lithium-ion batteries, which are critical for maintaining its competitive edge [10]. - The company has over 1,000 valid patents, with more than 400 being invention patents, emphasizing its commitment to innovation and technology development [53]. Shareholder and Equity Information - The total number of shares increased from 874,253,919 to 877,505,321 due to the exercise of stock options, adding 3,251,402 shares [133]. - The company’s total share capital increased by 3,251,402 shares due to the exercise of stock options during the reporting period [140]. - The largest shareholder, Hangzhou Nandu Power Supply Co., Ltd., holds 13.56% of shares, totaling 119,016,340 shares [142]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period [146]. Debt and Financing - The company issued CNY 9 billion in short-term financing bonds and is in the process of applying for a mid-term note issuance of up to CNY 15 billion [55]. - The company has a bank credit limit of 6.465 billion yuan, with 3.995 billion yuan utilized by the end of the reporting period [173]. - The company has no overdue debts [172]. - The company has fully utilized the funds raised from the bonds for repaying bank loans and supplementing working capital [158]. Risks and Challenges - The company has a significant exposure to international markets, exporting to over 150 countries, which poses risks due to geopolitical instability and currency fluctuations [6]. - Lead and its alloys account for over 60% of the production costs for lead-acid battery products, making the company vulnerable to price volatility in raw materials [7]. - The company has implemented a lead price linkage mechanism with downstream customers to mitigate the impact of lead price fluctuations on battery product pricing [8].

Financial Performance - Total revenue for Q1 2018 was ¥1,886,088,414.05, an increase of 0.40% compared to ¥1,878,569,360.35 in the same period last year[9] - Net profit attributable to shareholders was ¥134,958,502.67, representing a significant increase of 104.73% from ¥65,919,275.33 year-on-year[9] - Basic earnings per share rose to ¥0.15, an increase of 87.50% compared to ¥0.08 in the previous year[9] - The total revenue for the reporting period was 1,886.09 million yuan, a year-on-year increase of 0.40%[31] - The net profit attributable to shareholders was 1,349.59 million yuan, representing a year-on-year growth of 104.73%[31] - The total profit for Q1 2018 was CNY 132,705,433.61, up from CNY 124,329,778.40 in the previous year, reflecting a year-on-year increase of 3.10%[64] - The net profit attributable to the parent company was CNY 134,958,502.67, compared to CNY 65,919,275.33 in Q1 2017, representing a growth of 104.56%[64] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.15, compared to CNY 0.08 in Q1 2017, marking an increase of 87.50%[65] Assets and Liabilities - Total assets increased by 13.02% to ¥12,312,732,882.22 from ¥10,894,485,732.36 at the end of the previous year[9] - The company's total assets reached CNY 11,870,348,513.80, up from CNY 10,461,144,847.73 at the beginning of the year, reflecting a growth of approximately 13.46%[60] - Total liabilities increased to CNY 5,054,904,672.34 from CNY 3,620,935,744.82, marking a rise of around 39.56%[61] - The company's retained earnings at the end of the period were CNY 1,316,536,479.18, compared to CNY 1,181,577,976.51, showing an increase of approximately 11.43%[58] - The company's total liabilities increased significantly, with the payable bonds balance rising by 100.41% to 1,792.51 million yuan due to the issuance of short-term financing bonds[27] Cash Flow - The net cash flow from operating activities was negative at -¥1,100,414,249.92, a decline of 194.26% compared to -¥373,954,151.83 in the same period last year[9] - The cash flow from operating activities was -1,100.41 million yuan, a decrease of 194.26% year-on-year, primarily due to increased inventory and accounts receivable[29] - The company reported a cash inflow from operating activities of CNY 1,846,560,495.59, compared to CNY 1,985,322,160.51 in the previous year, indicating a decrease of 6.97%[70] - The net cash flow from operating activities was -1,100,414,249.92 CNY, a decrease from -373,954,151.83 CNY in the previous period, indicating a worsening cash flow situation[71] - The company incurred cash outflows of 3,058,636,495.87 CNY from operating activities, an increase from 2,473,383,590.17 CNY, highlighting rising operational costs[71] Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,446[18] - The largest shareholder, Hangzhou Nandu Power Supply Co., Ltd., holds 13.60% of shares, totaling 119,016,340 shares[18] - Zhu Baoyi, a natural person, holds 9.54% of shares, totaling 83,445,321 shares, with 82,910,321 shares pledged[18] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for 30.46%[18] - The company has a clear structure of shareholder relationships, with several shareholders being related entities[19] Market and Operational Strategy - The company has established a foreign exchange risk prevention strategy to mitigate the impact of currency fluctuations on financial performance[11] - The company is facing risks related to raw material price fluctuations, particularly for lead, which constitutes over 60% of production costs[12] - The company has implemented a lead price linkage mechanism with downstream customers to manage raw material cost volatility[12] - The company is expanding its global presence, currently operating in over 150 countries, which increases management complexity and risk[16] - The company has a strategy for market expansion and product development, focusing on new technologies and innovations[25] Financial Management - The financial expenses for the reporting period amounted to 38.72 million yuan, an increase of 75.77% compared to the same period last year[28] - The company's long-term borrowings increased by 117.49% to 652.46 million yuan, driven by new bank loans[27] - The company has achieved a 100% completion rate for repaying bank loans and replenishing working capital from previous fundraising projects[44] - The company temporarily supplemented working capital with CNY 101,100 million, including CNY 100,253.77 million of idle raised funds and CNY 846.23 million of over-raised funds[46] Product Development and Innovation - The company holds over 1,000 valid patents, including more than 400 invention patents, focusing on key technologies in power, energy storage, and communication[39] - The second-generation lead-carbon battery's cycle life has been improved, reducing commercial energy storage application costs[39] - The company is enhancing its profitability by recycling other non-ferrous metals during the lead resource recovery process[38] - The company signed a strategic cooperation agreement with State Grid Electric Vehicle Service Co., Ltd. to explore energy storage control strategies and business models[34]