证券代码:300068 证券简称:南都电源 浙江南都电源动力股份有限公司投资者关系活动记录表 编号： 2018-001 投资者关系活 动类别 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 □新闻发布会 □路演活动 □现场参观 □一对一沟通 □其他 参与单位名称 及人员姓名 参与公司 2017 年度业绩网上说明会的投资者 时间 2018 年 4 月 10 日 15:00-17:00 地点 全 景 网 " 全 景 • 路 演 天 下 " 投 资 者 互 动 平 台 （ http://rs. p5w.net） （本次业绩说明会采用网络远程方式举行） 上市公司接待 人员 董事、总经理：陈博先生；独立董事：汪祥耀先生； 董事、副总经理、董事会秘书兼财务总监：王莹娇女士； 保荐代表人：马辉先生。 一、公司高管与投资者进行互动交流和沟通，就投资者关注的主 要问题进行了答复。 1、对目前二级市场股价如何看待？能否反映贵公司的现有价值？ 回复：目前二级市场投资者对公司的价值判断及公司的战略解读 不清晰。公司专注在电池为主的通信、储能及动力领域发展，一 直注重技术和国际化发展，20 年来公司始终能积极应对各种外部 环境 ...

证券代码:300068 证券简称:南都电源 浙江南都电源动力股份有限公司 2021 年 5 月 7 日投资者关系活动记录表 编号： 2021-001 | --- | --- | --- | |-------------------------|------------------------------|-----------------------------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 ■业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 □一对一沟通 | | | | □其他 | | | 参与单位名称 及人员姓名 | 参与公司 2020 | 年度网上业绩说明会的投资者 | | 时间 | 2021 年 5 月 7 日 | 15:00-17:00 | | 地点 | | 全景网"全景•路演天下"投资者互动平台（ http://rs. p5w.n ...

Financial Performance - The company's revenue for Q3 2022 was ¥2,851,637,165.64, a decrease of 18.53% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥78,594,304.10, down 173.81% year-on-year, while net profit excluding non-recurring items was -¥28,731,694.57, an increase of 73.33%[7]. - Basic and diluted earnings per share were both ¥0.08, representing a 166.67% increase year-on-year[7]. - The company reported a net profit of ¥498,262,301.34, compared to a loss of ¥109,806,572.20 in the same period last year[33]. - The net profit for the current period is 574,316,468.19, compared to a net loss of 86,297,347.55 in the previous period[37]. - Operating profit for the current period is 583,893,287.34, a significant recovery from a loss of 80,079,887.65 in the previous period[37]. - The total comprehensive income for the current period is 567,949,291.85, compared to a loss of 91,088,926.84 in the previous period[40]. Cash Flow - The operating cash flow for the year-to-date period reached ¥660,869,204.22, reflecting a significant increase of 611.52% compared to the previous year[7]. - The net cash flow from operating activities for the reporting period was 660.87 million yuan, an increase of 611.52% compared to the same period last year, mainly due to the divestiture of the civilian lead-acid business and improved cash management[17]. - The cash flow from operating activities shows a net inflow of 660,869,204.22, a turnaround from a net outflow of 129,196,148.49 in the previous period[43]. - The net cash flow from investing activities for the reporting period was -166.68 million yuan, an increase of 77.40% year-on-year, mainly due to the divestiture of the civilian lead-acid business and reduced project investments[17]. - Investment activities resulted in a net cash outflow of 166,681,452.59, an improvement from a net outflow of 737,568,776.98 in the previous period[43]. Assets and Liabilities - Total assets at the end of the reporting period were ¥14,482,175,328.28, up 4.70% from the end of the previous year[7]. - Total liabilities decreased to ¥9,209,745,545.91, down 5.0% from ¥9,695,298,577.31 year-over-year[33]. - The company's equity attributable to shareholders increased by 15.44% to ¥5,362,536,921.87 compared to the end of the previous year[7]. - The company's equity attributable to shareholders rose to ¥5,362,536,921.87, an increase of 15.5% from ¥4,645,137,048.07 in the previous year[33]. - Current liabilities totaled ¥7,517,888,444.95, a decrease of 5.7% from ¥7,967,971,938.83 in the previous year[33]. - Long-term borrowings decreased to ¥672,750,315.86, down 11.4% from ¥759,280,068.12 year-over-year[33]. Expenses and Income - Total operating costs amounted to ¥8,612,755,852.78, down 16.8% from ¥10,351,025,870.18 year-over-year[34]. - Management expenses increased by 35.64% to ¥24,584.17 million, attributed to higher stock incentive costs and employee compensation[15]. - Research and development expenses increased to ¥242,129,341.56, up 6.5% from ¥228,003,101.05 in the previous year[34]. - The income tax expense for the reporting period was 6.66 million yuan, an increase of 584.86% year-on-year, primarily due to an increase in deferred income tax expenses[16]. - The company received 307,489,721.02 in tax refunds, an increase from 154,646,040.20 in the previous period[41]. - The company reported a decrease in financial expenses to 140,091,612.57 from 205,823,281.08 in the previous period, a reduction of approximately 32%[37]. Gains and Losses - Non-recurring gains and losses totaled ¥107,325,998.67 for the current period, with significant contributions from asset disposals and government subsidies[8]. - The credit impairment loss for the reporting period was -14.37 million yuan, a decrease of 214.81% compared to the same period last year, mainly due to an increase in accounts receivable[16]. - The asset disposal gain for the reporting period was -26.84 million yuan, a decrease of 5318.05% year-on-year, primarily due to the disposal and scrapping of old equipment that could not meet new production demands[16]. - Investment income surged by 15,524.07% to ¥55,579.28 million, driven by the disposal of stakes in subsidiaries[15]. Shareholder Information - The total number of ordinary shareholders was 10, with the largest shareholder holding 13.76% of the shares, amounting to 119,016,340 shares[18]. - Cash and cash equivalents at the end of the period amount to 474,676,167.61, compared to 390,568,484.16 at the end of the previous period[43]. - The company had a total of 1,151.00 million yuan in cash and cash equivalents as of September 30, 2022, compared to 910.32 million yuan at the beginning of the year[26].

Financial Performance - The company's operating revenue for the reporting period was ¥5,634,570,813.44, a decrease of 14.61% compared to ¥6,598,309,630.61 in the same period last year[29]. - Net profit attributable to shareholders was ¥529,474,569.44, a significant increase of 1,323.25% from ¥37,201,752.14 in the previous year[29]. - The net cash flow from operating activities reached ¥404,027,922.56, up 326.57% from ¥94,714,629.88 in the same period last year[29]. - Basic earnings per share were ¥0.61, representing a 1,425.00% increase compared to ¥0.04 in the previous year[29]. - Total assets at the end of the reporting period were ¥13,930,126,191.58, a slight increase of 0.71% from ¥13,832,109,976.92 at the end of the previous year[29]. - Net assets attributable to shareholders increased by 13.43% to ¥5,268,883,186.33 from ¥4,645,137,048.07 at the end of the previous year[29]. - The company reported a significant increase in income tax expenses, rising 1,109.23% to ¥6,375,640.31, due to an increase in deferred income tax expenses[75]. - The company achieved a net profit of 52,947.46 million yuan, representing a year-on-year increase of 1,323.25%[55]. Operational Strategy - The company has reported a significant increase in net profit and cash flow, indicating strong operational performance despite a decline in revenue[29]. - The company is focusing on new product development and market expansion strategies to enhance future growth[29]. - The company is focusing on developing new energy storage, lithium battery, and lithium battery recycling businesses to alleviate operational pressure and reduce risks[124]. - The company plans to continue focusing on the lithium battery recycling project, which has commenced production, indicating a strategic shift in product and business structure[83]. - The company is actively developing next-generation energy storage technologies, including sodium-ion batteries and solid electrolyte membranes, enhancing safety and performance[69]. Market Position and Expansion - The company operates in the energy storage sector, focusing on lithium-ion and lead-acid batteries, with a comprehensive product and service offering[39]. - The global energy storage market is expected to reach 1000GWh by 2030, a 30-fold increase from 2020[44]. - The company has established multiple subsidiaries and service institutions overseas, primarily in Europe, North America, and South Korea[44]. - The company focuses on expanding its market presence in key countries such as Europe, North America, and Australia[44]. - The company is positioned as a leading player in the global energy storage market, with sales spanning over 150 countries and regions[55]. Technological Advancements - The company has a strong technological advantage in energy storage batteries, having initiated the first domestic energy storage demonstration project in 2011[44]. - The company has successfully developed a high-safety, high-reliability lithium iron phosphate battery for 5G communication systems, leading the market in energy density and safety[48]. - The company has achieved breakthroughs in battery technology, including a new lithium iron phosphate battery with over 330 Wh/kg energy density and a second-generation liquid cooling energy storage system that reduces energy consumption by 15%[69]. - The company has a strong research and development team with over 50 national and industry standards developed, showcasing its continuous technological innovation[56]. Environmental and Safety Management - The company has established a comprehensive environmental management system, ensuring all pollution control facilities operate effectively and meet discharge standards[162]. - The company has implemented measures to reduce carbon emissions, including ISO14064 standard compliance for greenhouse gas inventory since 2011[170]. - The company emphasizes safety in energy storage systems, continuously improving safety technology and verification processes[64]. - The company has created two closed-loop industries for lead and lithium battery recycling, reducing resource consumption[170]. - The company has not reported any major labor safety or environmental pollution incidents during the year[171]. Financial Management and Investments - Investment income amounted to ¥418,287,633.67, accounting for 81.85% of total profit, primarily from the disposal of subsidiaries and long-term equity investments[84]. - The company reported a fair value change loss of ¥562,598.53, representing -0.11% of total profit, indicating non-sustainable income[84]. - The company has not achieved any revenue from the new projects as of the reporting period[97]. - The company has temporarily used 1,671.35 million of idle raised funds to supplement working capital, with a usage period not exceeding twelve months[110]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[115][116][117]. Risk Management - The management has highlighted potential risks and corresponding measures in the report, emphasizing the importance of risk awareness for investors[6]. - The company faces risks from international political and economic instability, with a significant impact on overseas market demand due to geopolitical tensions and the ongoing COVID-19 pandemic[129]. - The company is implementing a robust strategy to mitigate foreign exchange risks, including increasing the variety of settlement currencies and utilizing forward foreign exchange contracts[130]. - Environmental protection and employee health risks are heightened due to stricter regulations in the battery production industry, which the company is addressing through enhanced management systems[131]. Shareholder Engagement - The company held a temporary shareholders' meeting on January 4, 2022, with an investor participation rate of 32.11%[140]. - The annual shareholders' meeting on May 19, 2022, recorded a participation rate of 36.72%[140]. - The company approved a stock option incentive plan granting 50 million stock options to key employees during the reporting period[148]. - The company has maintained good communication with investors through various platforms, ensuring transparency and engagement[172].

证券代码：300068 证券简称：南都电源 公告编号：2022-042 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 暨举行 2021 年度网上业绩说明会的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江南都电源动力股份有限公司（以下简称"公司"）已于 2022 年 4 月 29 日在巨潮资讯网（http://www.cninfo.com.cn/）上披露 2021 年年度报告全文 及其摘要。为进一步加强与投资者的沟通交流，公司将于 2022 年 5 月 13 日 （星期五）15:00-17:00 参加浙江辖区上市公司投资者网上集体接待日活动暨举 行 2021 年度网上业绩说明会，投资者朋友可登陆全景网"投资者关系互动平台" （https://ir.p5w.net）参与本次交流。届时，公司董事、总经理朱保义先生， 独立董事吴晖先生，副总经理、财务总监高秀炳先生，董事会秘书曲艺女士将通 过互动平台与投资者进行网络沟通和交流，欢迎广大投资者参加。 为提高互动交流的效率，现提前向所有关心公司的投资者公开征集交流问 题，广泛听取 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,897,750,236.74, a decrease of 16.25% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥478,926,655.92, an increase of 1,510.49% year-on-year[3]. - The net cash flow from operating activities was ¥180,180,341.51, an increase of 160.79% compared to the previous year[3]. - Basic and diluted earnings per share were both ¥0.56, representing a significant increase of 1,766.67% year-on-year[3]. - The company reported a total comprehensive income of 464,953,337.76 CNY, up from 12,806,129.11 CNY in the previous period[36]. - The operating profit for the current period was 466,438,089.35 CNY, compared to 21,657,872.31 CNY in the previous period, indicating a substantial improvement[36]. - The company reported a significant increase in investment income, reaching 419,617,449.66 CNY, compared to a loss of -4,141,626.31 CNY in the previous period[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,549,464,590.15, a decrease of 2.04% from the end of the previous year[3]. - Total liabilities decreased to CNY 8,403,292,102.35 from CNY 9,695,298,577.31, a reduction of about 13.3%[29]. - The company's equity attributable to shareholders increased by 12.29% to ¥5,215,998,809.86 compared to the end of the previous year[3]. - Current assets totaled CNY 7,116,085,876.16, down from CNY 7,582,659,937.23, a decline of about 6.1%[26]. - The total liabilities decreased to 2,003,362,448.83 CNY from 1,521,746,435.67 CNY in the previous period, indicating improved financial stability[42]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,598, with the largest shareholder, Hangzhou Nandu Power Co., Ltd., holding 13.76% of shares, equating to 119,016,340 shares[12]. - Zhu Baoyi, a natural person, holds 4.09% of shares, amounting to 35,360,893 shares, with 26,520,670 shares under lock-up conditions[12]. - The top ten shareholders collectively hold significant stakes, with the first three shareholders accounting for approximately 20.89% of total shares[12]. - The company has a total of 30,367,749 shares under lock-up conditions at the end of the reporting period, with 457,573 shares released during the period[19]. - The company has implemented a strategy to release 25% of locked shares annually for certain executives, with specific release dates outlined[19]. - The company’s shareholder structure shows a mix of institutional and individual investors, reflecting a diverse ownership base[12]. Operational Insights - The company reported a net profit margin decline due to increased operating costs and reduced revenue, impacting overall profitability[30]. - The company has not reported any significant new strategies or market expansions in this quarter[19]. - There are no new products or technologies mentioned in the current report, indicating a potential area for future development[19]. - The report does not indicate any recent mergers or acquisitions, suggesting a stable operational focus for the current period[19]. - The company plans to focus on market expansion and new product development to drive future growth[30]. Cash Flow and Expenses - The net cash flow from financing activities decreased by 76.03% to ¥5,804,780.00, primarily due to reduced bank loans[11]. - The cash and cash equivalents at the end of the period were 485,799,959.69 CNY, down from 820,904,080.06 CNY at the beginning of the period[42]. - The company incurred interest expenses of 54,674,434.86 CNY, a decrease from 57,468,153.84 CNY in the previous period[36]. - Research and development expenses for the current period were CNY 73,120,852.27, slightly down from CNY 74,312,699.08 in the previous period[30].

Financial Performance - The company reported a revenue of RMB 1,184,757.03 million in 2021, representing a year-on-year growth of 15.48%, with lithium battery product revenue increasing by 29.48%[7]. - The company's operating revenue for 2021 was ¥11,847,570,283.65, an increase of 15.48% compared to ¥10,259,772,565.40 in 2020[31]. - The net profit attributable to shareholders for 2021 was -¥1,370,219,224.42, a decrease of 387.46% from -¥281,092,043.95 in 2020[31]. - The net cash flow from operating activities was ¥321,928,209.53, down 15.40% from ¥380,524,043.70 in 2020[31]. - The total assets at the end of 2021 were ¥13,832,109,976.92, a decrease of 3.16% from ¥14,282,786,784.69 at the end of 2020[31]. - The net assets attributable to shareholders decreased by 22.57% to ¥4,645,137,048.07 from ¥5,999,340,198.86 in 2020[31]. - The basic earnings per share for 2021 was -¥1.60, a decline of 384.85% from -¥0.33 in 2020[31]. - The company reported a quarterly operating revenue of ¥3,459,798,353.38 in Q1 2021, with a net profit of ¥29,738,009.16[35]. - In Q4 2021, the operating revenue dropped to ¥1,749,098,267.63, with a significant net loss of -¥1,300,932,438.13[35]. - Non-operating income from government subsidies in 2021 amounted to ¥40,814,169.04, compared to ¥196,984,754.41 in 2020[38]. Losses and Impairments - The company faced significant losses due to a sharp increase in raw material prices for lithium and lead batteries, leading to a substantial decline in gross margins across all business segments[6]. - The company incurred asset disposal losses of RMB 163.69 million and recognized impairment losses totaling RMB 115.54 million on various assets, including goodwill and inventory[6]. - The company has recognized credit impairment losses of RMB 112.04 million based on the aging structure of receivables and the recoverability of individual accounts[6]. - Major impairment provisions totaling approximately 19,299.98 million yuan were made for energy storage stations, goodwill, and inventory[99]. Business Strategy and Focus - The company has divested its loss-making lead-acid battery business by transferring 21% stakes in subsidiaries to Yadi Group, which is expected to alleviate financial pressure and refocus on new energy storage and lithium battery businesses[9]. - The company plans to enhance its core business focus and improve profitability through better cost management and quality upgrades[9]. - The company is focusing on the development of smart energy storage, lithium batteries, and lithium battery recycling, while divesting from civil lead-acid battery business[99]. - The company aims to become a leader in communication and data backup power solutions, focusing on smart energy revolution[187]. - The company is expanding its energy storage business into markets such as Europe, North America, and Australia, aiming for long-term partnerships[189]. Market Outlook and Opportunities - The company anticipates a broad market outlook in the energy storage industry, driven by domestic "new infrastructure" initiatives and global carbon neutrality goals[7]. - The Chinese government has set a target of 30 GW for energy storage development during the 14th Five-Year Plan, with local plans exceeding this target, indicating strong market potential[53]. - The company is increasing its focus on the 5G communication market and data centers, with plans to accelerate project delivery and revenue growth[190]. Research and Development - The company is committed to continuous research and development in key technology areas, ensuring sustainable growth in the context of the global carbon neutrality trend[7]. - The company has applied for 85 intellectual property protections, including 21 invention patents, and has passed over 120 safety certifications, enhancing its credibility in the energy storage market[58]. - The company has established deep cooperation with major telecom operators and equipment integrators, covering over 150 countries and regions globally[68]. - The company is actively innovating in distributed energy storage and smart grid construction to meet the growing demand for energy storage systems[103]. - The company is committed to strengthening R&D in solid-state lithium batteries and fuel cells, aiming for technological breakthroughs[194]. Production and Capacity - The company has accelerated the construction of lithium battery production capacity, with a completed 1GWh capacity from the "2GWh high energy density power lithium battery project" and ongoing projects expected to significantly enhance delivery capabilities in the energy storage sector[114]. - The company has established a closed-loop system for lithium battery recycling, with a processing capacity of 25,000 tons of waste lithium-ion batteries initiated in Q3 2021[114]. - The company processes over 1.2 million tons of waste lead-acid batteries annually, achieving a metal and plastic recovery rate of over 99%[76]. Financial Management and Investments - The company will not distribute cash dividends or issue bonus shares for the reporting period[10]. - The company has implemented an operational management committee to improve efficiency and responsiveness to market changes[119]. - The company reported a net amount of CNY 242,726.90 million from the fundraising after deducting underwriting fees and other expenses[168]. - The company has ongoing projects including a 2000MWh high energy density lithium battery project, with a cumulative investment of CNY 265,499,151.59[160]. Challenges and Risks - The company faces risks from international political and economic instability, as well as exchange rate fluctuations, and is implementing strategies to mitigate these risks[195][197].

Financial Performance - The company's operating revenue for Q3 2021 was ¥3,500,162,385.41, an increase of 5.16% year-on-year, while the total revenue for the first three quarters reached ¥10,098,472,016.02, up 35.78% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was -¥106,488,538.43, a decrease of 165.45% year-on-year, and for the first three quarters, it was -¥69,286,786.29, down 114.88% year-on-year[3]. - The company's basic earnings per share for Q3 2021 was -¥0.12, a decrease of 163.16% year-on-year[3]. - Net profit for the current period was -¥86,297,347.55, compared to a net profit of ¥417,329,425.05 in the previous period, indicating a substantial decline[36]. - Basic and diluted earnings per share were both -0.08, down from 0.53 in the previous period[39]. - The company reported a total comprehensive loss of -¥91,088,926.84, compared to a comprehensive income of ¥423,126,683.00 in the previous period[36]. Cash Flow and Investments - The net cash flow from operating activities for the first three quarters was -¥129,196,148.49, showing an improvement of 75.79% compared to the previous year[3]. - Cash flow from operating activities showed a net outflow of -¥129,196,148.49, an improvement from -¥533,683,940.50 in the prior period[40]. - The company generated cash inflows from operating activities totaling ¥9,981,565,474.50, compared to ¥6,779,837,626.76 in the prior period[40]. - The company recorded a significant increase in sales revenue, with cash received from sales reaching ¥9,679,259,505.21, up from ¥6,506,534,489.50[40]. - The company's cash flow from investing activities was -¥73,756.88 million, an increase of 82.82% year-on-year, primarily due to expanded capacity in lithium battery and lithium recycling projects[10]. - The net cash flow from investing activities was -$737.57 million, compared to -$403.44 million in the previous period, indicating a significant increase in cash outflow[43]. - Cash inflow from financing activities totaled $5.05 billion, up from $4.56 billion year-over-year, reflecting a growth of approximately 10.8%[43]. - The net cash flow from financing activities was $434.82 million, a decrease of 49.5% from $859.94 million in the previous period[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥14,715,148,767.52, reflecting a 3.03% increase from the end of the previous year[3]. - Total assets increased to ¥14,715,148,767.52 from ¥14,282,786,784.69, marking a growth of about 3.0%[29]. - Total liabilities rose to ¥9,033,483,060.18, up from ¥8,521,294,960.60, which is an increase of approximately 6.0%[29]. - The company's total liabilities decreased by 30.15% in notes payable, attributed to a reduction in bank acceptance bills used for payment[6]. - The company's long-term payables increased by 85.89% to ¥364,447,700, mainly due to an increase in financing lease payments[9]. - The company's total equity decreased to ¥5,681,665,707.34 from ¥5,761,491,824.09, indicating a decline of approximately 1.4%[29]. - Total equity attributable to the parent company's owners is approximately $5.999 billion[53]. - The total liabilities and equity amount to approximately $14.283 billion[53]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 65,355[11]. - Hangzhou Nandu Power Supply Co., Ltd. holds 13.83% of shares, totaling 119,016,340 shares[11]. - Zhu Baoyi, a natural person, holds 4.11% of shares, totaling 35,360,893 shares, with 26,520,670 shares pledged[11]. - Shanghai Yidu Industrial Co., Ltd. holds 3.05% of shares, totaling 26,289,500 shares[11]. - Jiang Zhengyi holds 2.74% of shares, totaling 23,620,000 shares, with all shares pledged[11]. - Ningbo Zhongjin Fuying Equity Investment Partnership holds 2.21% of shares, totaling 18,988,200 shares[11]. - Guo Jinsong holds 1.57% of shares, totaling 13,496,221 shares[11]. - Shanghai Yicun Investment Management Co., Ltd. holds 1.55% of shares, totaling 13,333,002 shares[11]. - The total number of restricted shares at the beginning of the period was 35,316,572, with 4,750,000 shares released during the period[15]. - The total number of restricted shares at the end of the period is 30,592,822[15]. Operational Developments - The company has accelerated the construction of its subsidiary Huabo New Materials' first phase project for recycling 25,000 tons of used lithium-ion batteries, which has now entered trial production[22]. - The company aims to enhance its lithium battery business profitability through the release of capacity from the lithium recycling project, which will help secure raw material supply and control procurement costs[22]. - The company is focusing on internal industrial structure adjustment and upgrading through the development of a closed-loop system for lithium battery products, operations, and recycling[22]. - Research and development expenses increased to ¥228,003,101.05, up from ¥176,223,960.41, reflecting a focus on innovation[33]. Miscellaneous - The company's cash and cash equivalents decreased to ¥664,077,033.91 as of September 30, 2021, from ¥1,080,054,306.05 at the end of 2020, representing a decline of approximately 38.5%[23]. - Accounts receivable increased to ¥2,784,786,667.37, up from ¥2,366,269,621.07, indicating a growth of about 17.6% year-over-year[23]. - Inventory decreased slightly to ¥3,520,581,624.77 from ¥3,603,778,793.91, reflecting a reduction of approximately 2.5%[26]. - The company's non-current assets increased to ¥6,751,703,961.51 from ¥6,319,920,993.88, reflecting a growth of about 6.9%[26]. - The company has implemented new leasing standards since 2021[54]. - The third quarter report was not audited[54].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 6,598,309,630.61, representing a 60.59% increase compared to CNY 4,108,909,771.03 in the same period last year[29]. - The net profit attributable to shareholders of the listed company was CNY 37,201,752.14, a decrease of 87.71% from CNY 302,809,939.06 in the previous year[29]. - The net profit after deducting non-recurring gains and losses was CNY -18,083,386.92, a decline of 158.34% compared to CNY 30,997,185.67 in the same period last year[29]. - The net cash flow from operating activities was CNY 94,714,629.88, an increase of 125.02% from CNY -378,609,415.87 in the previous year[29]. - The total assets at the end of the reporting period were CNY 14,414,592,937.93, a 0.92% increase from CNY 14,282,786,784.69 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were CNY 6,074,454,578.69, reflecting a 1.25% increase from CNY 5,999,340,198.86 at the end of the previous year[29]. - The basic earnings per share were CNY 0.04, down 88.24% from CNY 0.34 in the same period last year[29]. - The diluted earnings per share were also CNY 0.04, a decrease of 88.24% compared to CNY 0.34 in the previous year[29]. - The weighted average return on net assets was 0.62%, down 3.92% from 4.54% in the previous year[29]. - The company plans not to distribute cash dividends or bonus shares[7]. Business Operations and Strategy - The main business focuses on lithium-ion batteries and lead batteries, providing solutions and services across data centers, smart energy storage, and green travel applications, with a presence in over 150 countries[39]. - The company has established strategic partnerships with major clients in various sectors, including telecommunications and data centers, such as China Mobile and Alibaba[40]. - The company is actively expanding its market presence in the low-speed electric vehicle sector, forming partnerships with domestic manufacturers and exploring overseas markets[40]. - The company emphasizes a complete closed-loop industrial chain from raw materials to product application and resource recycling, enhancing its competitive advantage[39]. - The company is committed to continuous technological innovation and business model transformation to drive growth and market expansion[41]. - The company has a diverse product line, including energy storage systems and recycling products, catering to various industries and customer needs[40]. - The company has implemented a sales strategy combining direct and agency sales to enhance market reach and customer engagement[41]. - The company has established multiple subsidiaries and service agencies overseas, focusing on key markets in Europe, North America, and Australia[43]. Market Trends and Projections - The global demand for energy storage is projected to reach 4.1TW by 2050, with a corresponding storage capacity of approximately 500TWh[43]. - By 2025, the target for new energy storage installed capacity in China is set to exceed 30GW, driven by policies promoting renewable energy integration[43]. - The domestic 5G base station investment is expected to reach between 1.2 to 1.5 trillion yuan over the next five years, with a demand for backup power systems estimated at 40 to 60 billion yuan[46]. - The global data center infrastructure spending is projected to reach $200 billion in 2021, reflecting a 6% increase from 2020[46]. - The penetration rate of new energy vehicles in China exceeded 10% by May 2021, with a target of 20% by 2025, indicating significant growth potential[50]. Research and Development - The company has applied for 80 intellectual property protections, with 19 patents granted, indicating strong innovation capabilities[43]. - The company has a strong R&D team and has established multiple advanced research platforms, including a national-level enterprise technology center and a recognized laboratory, enhancing its technological innovation capabilities[55]. - Research and development investment rose by 53.82% to ¥202,123,346.26, indicating the company's commitment to enhancing its technological capabilities[73]. Environmental and Regulatory Compliance - The company has established a comprehensive environmental management system, ensuring all pollution control facilities operate effectively and are regularly maintained[148]. - The company has completed the application for the new pollutant discharge permits for all its subsidiaries, ensuring compliance with national standards[149]. - The company has maintained a zero record of major labor safety accidents and environmental pollution incidents throughout the year[151]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[149]. Financial Management and Investments - The company reported a decrease in financing cash flow net amount by 89.11% to ¥53,186,150.91, reflecting reduced net financing compared to the previous year[76]. - The total amount of short-term loans increased to ¥3,656,270,004.78, representing a 25.37% increase compared to ¥3,491,174,688.08 from the previous period[83]. - The company has not engaged in any significant related party transactions during the reporting period[162]. - The total amount of guarantees approved during the reporting period was CNY 357 million, with actual guarantees amounting to CNY 237.55 million[185]. Corporate Governance - The company appointed a new CFO and two new deputy general managers on April 26, 2021, following the resignation of the previous CFO[130]. - The company held two temporary shareholder meetings in 2021 with investor participation rates of 22.90% and 22.82% respectively[129]. - The company’s stock option incentive plan was approved by the board and independent directors, ensuring compliance with regulations[136]. Subsidiary Performance - The company’s subsidiary, Hangzhou Nandu Power Technology Co., Ltd., generated a net profit of CNY 1,694,435.85 during the reporting period[109]. - The company’s subsidiary, Anhui Huabo Recycling Resources Technology Co., Ltd., reported a net profit of CNY 131,612,774.55[109].

Revenue and Profit - The company's revenue for Q1 2021 was ¥3,459,798,353.38, representing a 134.73% increase compared to ¥1,473,928,655.82 in the same period last year[8] - Net profit attributable to shareholders was ¥29,738,009.16, a decrease of 45.76% from ¥54,825,959.09 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥9,920,640.30, down 75.40% from ¥40,334,110.02 in the previous year[8] - The company's operating revenue was ¥3.46 billion, an increase of 134.73% year-on-year, mainly due to increased sales volume from improved production capacity[34] - The company's net profit attributable to the parent company was CNY 29.738 million, a decrease of 45.76% year-on-year, primarily due to increased operating taxes and R&D expenses, along with reduced tax refunds from subsidiary Huabo Technology[39] - The total profit for the current period was ¥19,585,458.09, down 60.60% from ¥49,635,826.68 in the previous period[82] Cash Flow - The net cash flow from operating activities improved to -¥296,394,857.94, a 11.43% improvement from -¥334,667,327.51 in the same period last year[8] - The net cash flow from operating activities was CNY -296.3949 million, an increase of 11.44% year-on-year, mainly due to an increase in cash received from sales of goods by CNY 1,820.7571 million[38] - The net cash flow from investing activities was CNY -392.0853 million, a decrease of 263.42% year-on-year, primarily due to increased investment in construction projects[38] - The net cash flow from financing activities was CNY 242.1816 million, an increase of 16.35% year-on-year, mainly due to increased investment and financing scale[38] - The cash flow from operating activities was 1,069,589,812.48, compared to 776,443,463.35 in the previous period, marking a 37.7% increase[100] - The cash outflow from investing activities was 392,239,158.23, significantly higher than 107,950,527.51 in the previous period, indicating increased investment activity[96] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,479,461,749.45, an increase of 1.38% from ¥14,282,786,784.69 at the end of the previous year[8] - The company's total assets as of March 31, 2021, were approximately CNY 14.48 billion, compared to CNY 14.28 billion at the end of 2020, indicating a growth of about 1.4%[66] - Total liabilities increased to approximately CNY 8.68 billion from CNY 8.52 billion, marking an increase of about 1.8%[64] - The total liabilities decreased to CNY 6,161,827,730.39 from CNY 6,197,373,222.56, indicating a reduction of approximately 0.57%[74] - Total liabilities rose from CNY 8,521,294,960.60 to CNY 8,563,898,874.78, an increase of CNY 42,603,914.18[109] Earnings Per Share - Basic earnings per share were ¥0.03, a decrease of 50.00% compared to ¥0.06 in the same period last year[8] - Diluted earnings per share were also ¥0.03, reflecting a 50.00% decline from ¥0.06 year-on-year[8] - The basic and diluted earnings per share for the current period were both ¥0.03, compared to ¥0.06 in the previous period[85] Research and Development - Research and development expenses amounted to ¥74.31 million, an increase of 73.65% year-on-year, primarily due to increased labor and material costs in R&D[34] - The company's R&D expenses for the first quarter of 2021 were CNY 74,312,699.08, up from CNY 42,793,305.37 in the previous year, marking an increase of about 73%[79] - Research and development expenses increased to ¥25,386,776.68, up 75.59% from ¥14,470,391.50 in the previous period[86] Other Financial Metrics - The weighted average return on equity was 0.49%, down 0.35% from 0.84% in the previous year[8] - The company's other comprehensive income balance was -¥5.12 million, a decrease of 794.85% compared to the beginning of the period, primarily due to changes in foreign currency translation differences[33] - The company's cash balance at the end of the reporting period was ¥669.13 million, a decrease of 38.05% compared to the beginning of the period, primarily due to increased investments[32] - The company's cash and cash equivalents decreased to approximately CNY 669.13 million from CNY 1.08 billion, representing a decline of about 38.1%[58]