聆达集团股份有限公司 2021 年第三季度报告 证券代码：300125 证券简称：聆达股份 公告编号：2021-089 聆达集团股份有限公司 2021 年第三季度报告 本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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增减 | 年初至报告期末 | 年初至报告期末比上年 同期增减 | | --- | --- | --- | --- | --- | | 营业收入（元） | 263,789,421.80 | 1,249.29% | 830,767,791.50 | 1,451.21% | | 归属于上市公 ...

Financial Performance - The company's operating revenue for the reporting period was ¥566,978,369.70, representing a significant increase of 1,567.29% compared to the same period last year[27]. - The net profit attributable to shareholders was a loss of ¥1,006,421.25, an improvement of 75.34% from a loss of ¥4,080,376.16 in the previous year[27]. - The net cash flow from operating activities was negative at ¥122,456,927.05, a decline of 23,812.64% compared to the previous year's positive cash flow[27]. - The company reported non-recurring gains of ¥27,142,931.99 during the reporting period, including government subsidies and asset disposal gains[32]. - The company's revenue for the reporting period reached ¥566,978,369.70, a significant increase of 1,567.29% compared to ¥34,005,951.90 in the same period last year, primarily driven by the growth in solar cell business[60]. - The company reported a net loss of RMB 188,658,928.62 as of June 30, 2021, compared to a loss of RMB 187,652,507.37 at the end of 2020, indicating a slight increase in losses[161]. - The company reported a significant increase in other income to CNY 28,471,148.76 in the first half of 2021, compared to CNY 1,380,653.90 in the previous year, reflecting a growth of over 1,900%[166]. - The company reported a total comprehensive loss of CNY 11,846,725.95 for the first half of 2021, compared to a loss of CNY 4,536,625.96 in the same period of 2020[173]. Investment and Capital Expenditure - The total investment for the 5.0GW high-efficiency battery cell (TOPCon) production project is approximately 1.69 billion RMB[9]. - The company is focused on the development of high-efficiency photovoltaic solar cells, with a total planned investment of ¥4 billion for a 10GW production capacity[34]. - The company plans to further enhance its production capacity following the implementation of its second-phase project, which is expected to improve market competitiveness[58]. - The company’s investment activities resulted in a cash outflow of ¥67,716,030.37, a 257.45% increase from the previous year, primarily due to payments for solar production line projects[60]. Research and Development - The company's R&D investment increased by 1,100.20% year-on-year, primarily due to increased R&D expenses in the solar cell business[54]. - The company is actively researching new theories, products, and materials in photovoltaic technology to strengthen its competitive edge[56]. - The company utilizes advanced PERC+SE technology in its solar cells, achieving a 0.3% efficiency improvement over traditional solar cells[35]. - Research and development expenses surged to ¥22,795,011.09, marking a 1,100.20% increase from ¥1,899,266.31, reflecting the company's commitment to enhancing solar cell technology[60]. Market and Competitive Landscape - The solar photovoltaic industry is experiencing high competition, with a shift in focus from scale and cost to comprehensive competitiveness[7]. - The company is focused on maintaining its competitive advantage in the photovoltaic market to avoid losing market share[8]. - The company faces risks from policy changes, market competition, and project financing in the renewable energy sector[87]. - The company has secured a robust order backlog with key clients including Longi Green Energy and JA Solar, ensuring a stable demand for its products[58]. Financial Position and Assets - The total assets at the end of the reporting period were ¥2,455,369,922.52, reflecting a 4.14% increase from the end of the previous year[28]. - The net assets attributable to shareholders increased by 4.80% to ¥750,111,329.36 compared to the previous year[28]. - The company’s total assets at the end of the reporting period amounted to ¥2,454,000,000, with cash and cash equivalents at ¥367,385,830.99, accounting for 14.96% of total assets[69]. - The company's current assets reached RMB 985,782,700.05, up from RMB 843,591,917.35 at the end of 2020, indicating an increase of about 16.8%[159]. Risks and Uncertainties - The company faces risks related to financing due to the capital-intensive nature of the photovoltaic industry[9]. - The company acknowledges the uncertainty in the development of various technological routes for solar cells, which may impact existing PERC technology[10]. - The management's ability to adapt to the new development stage and improve company quality is uncertain[11]. - The company faces risks related to technological upgrades, particularly if alternative solar cell technologies achieve significant breakthroughs in efficiency and cost reduction, potentially displacing existing PERC technology[89]. Corporate Governance and Compliance - The company has not made any commitments regarding future plans or performance forecasts, highlighting the need for risk awareness among investors[5]. - The company did not conduct any investor communications or research activities during the reporting period[90]. - The company has established a comprehensive management system for quality, environment, safety, and employee rights protection[103]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[103]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[95]. - The first employee stock ownership plan was approved, involving 3,215,100 shares and raising a total of approximately 27.65 million yuan[96]. - The largest shareholder, Hangzhou Guanghengyu Enterprise Management Partnership, holds 22.02% of the total shares, amounting to 58,453,260 shares[144]. - The total number of shareholders with voting rights at the end of the reporting period was 5,226[144].

Financial Performance - The company's revenue for Q1 2021 reached ¥264,480,531.74, a significant increase of 1,552.60% compared to ¥16,003,942.06 in the same period last year[9] - Net profit attributable to shareholders was ¥2,736,319.61, marking a 540.30% improvement from a loss of ¥621,461.90 in the previous year[9] - Basic earnings per share increased to ¥0.0104, up 533.33% from a loss of ¥0.0024 per share in the same quarter last year[9] - The company's revenue for the reporting period reached 264.48 million yuan, a year-on-year increase of 1,552.60%, with solar cell-related business contributing 249.76 million yuan, accounting for 94.43% of total revenue[19] - The net profit attributable to shareholders increased by 540.30% year-on-year, amounting to 27.36 million yuan, primarily driven by the growth in solar cell business[19] - Operating revenue for the current period was CNY 264,480,531.74, significantly higher than CNY 16,003,942.06 from the previous period[43] - Operating profit for the quarter was CNY 3,711,584.43, a recovery from a loss of CNY 2,868,985.62 in the same period last year[45] - Net profit for the quarter reached CNY 2,583,770.50, compared to a net loss of CNY 2,548,791.90 in the previous year[45] - The company reported investment income of CNY 6,357,006.37, despite a loss of CNY 177,280.21 from investments in joint ventures[45] Cash Flow and Financial Position - The net cash flow from operating activities was negative at ¥115,350,314.67, a decline of 1,033.57% compared to the previous year's negative cash flow of ¥10,175,845.78[9] - Cash flow from operating activities decreased by 1,033.57% year-on-year, mainly due to payments for material procurement in the solar cell business[18] - The company generated cash flow from operating activities of CNY 103,267,020.79, a notable increase from CNY 9,242,066.76 in the previous period[52] - The net cash flow from operating activities was -115,350,314.67 CNY, compared to -10,175,845.78 CNY in the previous period, indicating a significant decline[53] - Total cash inflow from investment activities was 84,350,162.96 CNY, while cash outflow was 141,759,232.85 CNY, resulting in a net cash flow of -57,409,069.89 CNY[53] - The net cash flow from financing activities was 94,244,754.45 CNY, a recovery from -4,973,023.61 CNY in the previous period[54] - The total cash and cash equivalents at the end of the period were 189,871,139.10 CNY, down from 268,460,850.81 CNY at the beginning of the period[54] - The company received 163,000,000.00 CNY in borrowings during the financing activities[54] - Cash inflow from operating activities totaled 68,251,617.57 CNY, while cash outflow was 11,029,801.21 CNY, resulting in a net cash flow of 57,221,816.36 CNY[55] - The company reported cash inflow from investment activities of 34,646,939.40 CNY, with cash outflow of 27,071,463.83 CNY, leading to a net cash flow of 7,575,475.57 CNY[57] - The company’s cash and cash equivalents increased by 92,447,151.93 CNY during the period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,478,005,673.93, reflecting a 5.10% increase from ¥2,357,678,936.08 at the end of the previous year[9] - The net assets attributable to shareholders rose to ¥750,876,083.83, a 4.91% increase from ¥715,746,946.08 at the end of the last fiscal year[9] - Total liabilities rose to CNY 1,607,744,956.69 compared to CNY 1,473,061,317.22, marking an increase of about 9.1%[37] - The company's total equity reached CNY 870,260,717.24, a slight decrease from CNY 884,617,618.86, indicating a decline of approximately 1.6%[38] - As of March 31, 2021, the company's total current assets amounted to RMB 1,020.10 million, an increase from RMB 843.59 million as of December 31, 2020[35] - The company's cash and cash equivalents increased to RMB 362.83 million from RMB 332.33 million over the same period[35] - Accounts receivable rose to RMB 276.75 million from RMB 218.69 million, indicating a growth of approximately 26.5%[35] - Inventory increased significantly to RMB 83.34 million from RMB 43.29 million, reflecting a growth of about 92.8%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,513[13] - The largest shareholder, Hangzhou Guanghengyu Enterprise Management Partnership, held 22.02% of the shares, amounting to 58,453,260 shares[13] - The company’s controlling shareholder released a total of 58,453,260 shares, accounting for 22.02% of the total share capital, from pledge on March 1, 2021[28] Strategic Initiatives - The company plans to enhance its risk management strategies in response to supply-demand fluctuations in the photovoltaic industry, which may impact operational performance[20] - The company is facing financing risks due to the capital-intensive nature of the photovoltaic industry, with significant investments required for its 5.0GW high-efficiency battery project[21] - The company has implemented an employee stock ownership plan, raising a total of 27.65 million yuan through the issuance of 3,215,100 shares[22] - The company is actively pursuing a scale expansion strategy to maintain and enhance its market share amid intense competition in the photovoltaic industry[21] - The company signed a conditional equity acquisition agreement with Zhenghai Jiayue Investment Partnership, involving a loan of RMB 500 million for capacity expansion and technology upgrades at Jiayue New Energy[25] - The company acquired 3.75% equity of Jinzai Jiayue New Energy Technology Co., Ltd. for RMB 15 million, increasing its ownership to 73.75%[26] Research and Development - Research and development expenses surged by 1,670.34% year-on-year, reflecting the consolidation of Jinzhai Jiayue and increased salaries and material costs for R&D personnel[18] - Research and development expenses amounted to CNY 11,161,011.78, reflecting the company's commitment to innovation[48] Other Information - The company completed the registration of changes in its registered address and business scope by January 20, 2021[27] - The company did not undergo an audit for the first quarter report[59] - The company has not applied the new leasing standards for the first quarter of 2021[58]

Financial Performance - The company's operating revenue for 2020 was ¥282,327,984.92, representing a 154.52% increase compared to ¥110,927,501.98 in 2019[24]. - The net profit attributable to shareholders was -¥56,016,653.76 in 2020, a decrease of 447.07% from ¥16,139,653.56 in 2019[24]. - The net cash flow from operating activities was ¥27,005,751.40, showing a slight increase of 2.08% from ¥26,455,761.22 in 2019[24]. - The total assets at the end of 2020 amounted to ¥2,357,678,936.08, a 91.19% increase from ¥1,233,153,979.40 at the end of 2019[24]. - The basic earnings per share for 2020 was -¥0.21, a decline of 450.00% from ¥0.06 in 2019[24]. - The weighted average return on equity was -7.51% in 2020, down from 2.10% in 2019[24]. - The company reported a net profit after deducting non-recurring gains and losses of -¥77,653,671.04 in 2020, a significant drop from ¥4,434,158.15 in 2019[24]. - The company achieved a revenue of CNY 282.33 million in 2020, representing a year-on-year increase of 154.52%[46]. - The operating profit was CNY -66.36 million, a decrease of 448.34% compared to the previous year[46]. - The net profit attributable to shareholders was CNY -56.02 million, down 447.07% year-on-year[46]. Acquisitions and Restructuring - The company completed a major asset restructuring by acquiring 70% of Jinzhai Jiayue New Energy Technology Co., significantly increasing its core business revenue and enhancing financial metrics[5]. - The company completed the acquisition of 70% of Jinzhai Jiayue New Energy Technology Co., Ltd. on October 28, 2020, expanding its solar cell production capabilities[34]. - The company acquired 70% equity of Jinzai Jiayue New Energy Technology Co., Ltd. for 287 million yuan, enhancing its solar cell production capacity to 3.0 GW[62]. - Following the acquisition, the company increased its stake in Jinzai Jiayue to 73.75% by purchasing an additional 3.75% for RMB 15 million[171]. - The company completed the acquisition of 100% equity in Gelmu Shenguang New Energy Co., Ltd. for 23,800 million, which is currently in normal operation[94]. Investment and Financing - The total investment for the second phase of the 5.0GW high-efficiency battery production project is approximately CNY 1.76 billion, with funding sourced from stock issuance and bank loans, indicating substantial financing pressure[8]. - The company plans to issue shares to specific investors to fund the second phase of the 5.0GW high-efficiency battery project and to supplement working capital[46]. - The company plans to raise a total of up to 120 million yuan through a private placement to fund the capital expenditures for the 5.0GW high-efficiency battery (TOPCon) production project[108]. - The company has committed to invest RMB 20,831 million in various projects, with a cumulative investment of RMB 20,844.89 million as of the reporting period[92]. - The company raised a total of RMB 77,779.78 million through public stock issuance, with a net amount of RMB 77,779.78 million after deducting issuance costs of RMB 4,720.22 million[90]. Research and Development - Research and development expenses increased by 383.75% year-on-year, primarily due to the inclusion of Jinzhai Jiayue in the consolidation scope[47]. - The company invested CNY 16,186,260.96 in R&D in 2020, representing 5.73% of its operating revenue[70]. - The number of R&D personnel increased to 139 in 2020, accounting for 18.56% of the total workforce[70]. - The company plans to develop two invention patents related to its 32-inch naked-eye 3D medical display technology[69]. - The company is committed to technological research and development, particularly in large-size battery production and heterojunction high-efficiency batteries[109]. Market and Competition - The photovoltaic industry is experiencing high competition, and the company must leverage its competitive advantages to maintain market share[11]. - The company acknowledges risks associated with policy changes in the renewable energy sector, particularly due to the evolving international economic landscape[9]. - The company anticipates potential risks from policy changes, market competition, and project financing challenges in the photovoltaic industry[111]. - The company plans to continue focusing on the renewable energy sector to achieve sustainable growth and enhance operational performance[114]. Operational Performance - The company's solar power generation business saw an increase of over 8 million kWh in annual output, contributing significantly to net profit growth[34]. - The company's short-term borrowings increased by 100% compared to the beginning of the period due to the consolidation of Jinzhai Jiayue[37]. - The company's production and sales rates are at 99.58%, indicating stable operational performance[114]. - The company has a total production capacity of 3GW, with 8 production lines fully operational and in a state of full production and sales[113]. Governance and Compliance - The actual controller and shareholders have fulfilled their commitments regarding the independence of the company's assets and operations[122]. - The company guarantees the independence of its financial department and accounting system, ensuring no shared bank accounts with related enterprises[122]. - The company has established a complete governance structure to ensure independent operation and management[123]. - The company is currently in the process of fulfilling its commitments regarding related transactions and ensuring compliance with legal regulations[123]. Future Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 10% to 12% based on market expansion strategies[124]. - New product launches are expected to contribute an additional 200 million in revenue in 2021, driven by innovative technology advancements[125]. - The company plans to implement cost-cutting measures that are projected to save approximately 50 million annually starting in 2021[125].

Financial Performance - The company's operating revenue for 2020 was ¥282,327,984.92, representing a 154.52% increase compared to ¥110,927,501.98 in 2019[24]. - The net profit attributable to shareholders was -¥56,016,653.76 in 2020, a decrease of 447.07% from ¥16,139,653.56 in 2019[24]. - The net cash flow from operating activities was ¥27,005,751.40, showing a slight increase of 2.08% from ¥26,455,761.22 in 2019[24]. - The total assets at the end of 2020 amounted to ¥2,357,678,936.08, a 91.19% increase from ¥1,233,153,979.40 at the end of 2019[24]. - The basic earnings per share for 2020 were -¥0.21, a decline of 450.00% from ¥0.06 in 2019[24]. - The weighted average return on net assets was -7.51% in 2020, down from 2.10% in 2019[24]. - The company reported a total of ¥21,637,017.28 in non-recurring gains and losses for 2020, compared to ¥11,705,495.41 in 2019[30]. - The company achieved an operating profit of 13.36 million yuan from its solar power station despite weather-related challenges affecting expected output[44]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2020, representing a growth of 15% year-over-year[124]. Asset Acquisition and Restructuring - The company completed a major asset restructuring by acquiring 70% of Jinzhai Jiayue New Energy Technology Co., significantly increasing its core business revenue and improving financial metrics[5]. - The company completed the acquisition of 70% of Jinzhai Jiayue New Energy Technology Co., Ltd. on October 28, 2020, expanding its solar cell production capabilities[34]. - The company acquired 70% of Jinzhai Jiayue New Energy Technology Co., Ltd. for 287 million yuan, enhancing its solar cell production capacity to 3.0 GW[62]. - The company has committed to invest RMB 20,831 million in various projects, with a cumulative investment of RMB 20,844.89 million as of the reporting period[89]. - The company has completed 100% of the investment for the project "Hubei Shiji Xinfeng" with a total commitment of RMB 7,760 million[89]. Strategic Planning and Future Outlook - The company plans to enhance its operational capabilities and financial health through strategic integration of the newly acquired subsidiary, although it faces risks related to integration effectiveness and debt levels[6][7]. - The company plans to launch a new 5GW TOPCon production line in the first half of 2021, following the initial capacity of 3GW[34]. - The company plans to raise up to 120 million yuan for capital expenditures related to the second phase of the Jinzhai Jiayue project, enhancing market competitiveness[43]. - The company plans to continue exploring market expansion opportunities and new technology developments in the upcoming fiscal year[90]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential deals[124]. Research and Development - Research and development expenses increased by 383.75% year-on-year, primarily due to the inclusion of Jinzhai Jiayue in the consolidation scope[47]. - The company invested CNY 16,186,260.96 in R&D in 2020, representing 5.73% of its operating revenue[70]. - The number of R&D personnel increased to 139 in 2020, accounting for 18.56% of the total workforce[70]. - The company is in the incremental trial production phase for its high-definition holographic 3D display technology, which aims to solve 3D visual discomfort issues[69]. - The company aims to strengthen its technological research and development capabilities, particularly in large-size battery production and heterojunction high-efficiency batteries[107]. Market Competition and Risks - The photovoltaic industry remains highly competitive, and the company must leverage its competitive advantages to maintain market share amidst increasing competition[11]. - The company acknowledges potential risks from policy changes in the renewable energy sector, which may impact operational strategies[9][10]. - The company is facing risks including policy changes, market competition, project financing challenges, and the need for continuous technological upgrades[109][110]. Governance and Compliance - The company has committed to ensuring the independence and integrity of its assets, with ongoing compliance since July 2020[121]. - The company guarantees the independence of its financial operations, including establishing an independent financial department and accounting system[121]. - The company has established a commitment to independent tax compliance and financial decision-making[121]. - The company has a structured governance framework to ensure independent operational management[121]. - The company is committed to maintaining transparency and accountability in its governance practices following these changes[199]. Shareholder and Financial Management - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period, focusing instead on reinvestment[12]. - The company has a commitment from shareholders and executives not to reduce their holdings in the short term, expressing confidence in future growth[113]. - The company has a history of share buybacks, with a total of CNY 46.09 million spent on repurchasing shares from 2018 to 2019[117]. - The company reported a net loss of CNY 56.02 million for 2020, with no cash dividends proposed for the year[120]. - The company has not experienced any significant changes in the investment progress of its committed projects[89]. Environmental and Social Responsibility - The company has established a comprehensive management system for quality, environment, safety, and employee rights protection[164]. - The company and its subsidiaries complied with environmental protection laws and did not face any penalties during the reporting period[166]. - A commitment to sustainability initiatives is being prioritized, with an investment of 30 million planned for eco-friendly projects[125].

聆达集团股份有限公司 2020 年第三季度报告全文 聆达集团股份有限公司 2020 年第三季度报告 2020-105 2020 年 10 月 1 聆达集团股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王正育、主管会计工作负责人韩家厚及会计机构负责人(会计主 管人员)张顺声明：保证季度报告中财务报表的真实、准确、完整。 2 聆达集团股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,193,859,885.48 | 1,233,153,979.40 | | -3.19% | | 归属于上市公司股东的净资产 | 767,605,463 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥34,005,951.90, a decrease of 19.64% compared to ¥42,317,069.05 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of ¥4,080,376.16, representing a decline of 258.15% from a profit of ¥2,580,034.48 in the previous year[20]. - The basic earnings per share were -¥0.0156, down 259.18% from ¥0.0098 in the previous year[21]. - The company reported a total operating income of 34.01 million yuan, a decrease of 19.64% year-on-year, and a total profit of -8.19 million yuan, a decrease of 3.92 million yuan year-on-year[35]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥9,129,880.03, which is a 127.47% decline compared to -¥4,013,703.44 in the previous year[20]. - The company reported a net loss of 88,490,000 for the current period, reflecting a challenging market environment[170]. - The total comprehensive income for the first half of 2020 was -4,536,625.96 RMB, indicating a significant decrease compared to the previous period[173]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥516,420.42, a significant increase of 102.35% compared to a negative cash flow of ¥21,945,867.96 in the same period last year[20]. - The company experienced a 39.78% decrease in cash and cash equivalents compared to the beginning of the period, primarily due to increased idle fund management and repayment of bank loans[28]. - The cash generated from operating activities was ¥516,420.42, a significant improvement compared to a cash outflow of ¥21,945,867.96 in the same period last year, marking a 102.35% increase[38]. - The cash and cash equivalents at the end of the period were 17,715,795.50 yuan, significantly lower than 56,048,871.01 yuan at the beginning of the period[163]. - The net increase in cash and cash equivalents was -28,651,305.09 yuan, compared to -49,766,208.29 yuan in the previous period[163]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,201,970,522.43, a decrease of 2.53% from ¥1,233,153,979.40 at the end of the previous year[21]. - The company's total liabilities decreased to ¥395,326,695.95 from ¥418,501,873.30, indicating a reduction of approximately 5.5%[145]. - The company's total assets as of June 30, 2020, amounted to CNY 853,111,993.42, slightly up from CNY 845,303,171.65 at the end of 2019[148]. - The total liabilities increased to CNY 100,996,454.63 from CNY 88,651,006.90, marking a rise of 13.5%[149]. - The company's cash and cash equivalents decreased to CNY 53,808,059.44 from CNY 83,441,697.84, a decline of 35.5%[148]. Investment and Capital Expenditure - The company has utilized up to 300 million yuan of idle raised funds for financial products to enhance the efficiency of idle funds[35]. - The company signed a joint venture agreement with Hanma Investment Group, planning to invest 200 million yuan in the industrial hemp project, which is currently in the qualification application and product development stage[34]. - The company has invested RMB 107.75 million in Shanghai Yiwei Vision Technology Co., Ltd, holding a 51% stake post-transaction[57]. - The company has committed to invest RMB 20,831 million in various projects, with a completion rate of 100% for all projects reported[55]. - The company has not made any significant equity investments during the reporting period[52]. Operational Changes and Strategic Focus - The company has undergone a name change and a shift in its business scope to focus on information technology, health technology, and intelligent technology[19]. - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has no plans to continue expanding its waste heat power generation business, which has seen a significant decline in revenue contribution[34]. - The company is primarily focused on external investments, with major revenue sources coming from subsidiaries, indicating a need for a sustainable group management model to adapt to market demands[76]. - The company is exploring potential mergers and acquisitions to accelerate growth and market penetration[169]. Risks and Challenges - The company has faced risks including project performance commitments and goodwill impairment risks, as well as operational risks related to its industrial hemp projects[5]. - The company is facing significant uncertainty regarding the performance of Yiwei due to the impact of the pandemic on its advertising and media markets, which may lead to substantial goodwill impairment risks[75]. - The company's investment in the industrial hemp project is subject to various uncertainties, including regulatory changes and market conditions, which could affect its operational timeline[75]. Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, along with several operational departments[182]. - The financial report for the first half of 2020 was not audited, which may affect the reliability of the financial data presented[140]. - The company has not reported any overdue amounts in its entrusted financial management[61]. - There were significant changes in the board of directors, with multiple resignations and new appointments, including the election of Wang Zhengyu as chairman and president[135].

Financial Performance - The company reported a total revenue of 110.93 million yuan, a decrease of 27.14% year-on-year[41]. - Operating profit was 19.05 million yuan, down 49.36% compared to the previous year[41]. - Net profit attributable to shareholders was 16.14 million yuan, reflecting a 56.01% decline year-on-year[41]. - The company's operating revenue for 2019 was ¥110,927,501.98, a decrease of 27.14% compared to ¥152,256,568.07 in 2018[22]. - The net profit attributable to shareholders for 2019 was ¥16,139,653.56, representing a decline of 56.01% from ¥36,688,474.98 in 2018[22]. - The revenue from the waste heat power generation business decreased by 61.37% to 36.86 million yuan, accounting for 33.23% of total revenue[46]. - The photovoltaic power generation business generated 50.48 million yuan, a decrease of 4.79%, representing 45.51% of total revenue[46]. - The net profit from non-recurring gains and losses for 2019 was ¥11,705,495.41, a significant decrease from ¥46,104,940.69 in 2018[27]. - The company reported a basic earnings per share of ¥0.06 for 2019, down 57.14% from ¥0.21 in 2018[22]. - The weighted average return on equity for 2019 was 2.10%, down from 4.71% in 2018[22]. Business Operations and Strategy - The company is actively seeking new business opportunities and industries to ensure sustainable growth, facing challenges in successfully implementing new profit models[5]. - The company emphasizes the need for effective implementation of strategic development plans to create new profit patterns[8]. - The company is closely monitoring policy changes related to industrial hemp to mitigate investment risks and ensure project viability[11]. - The company has no plans to expand its existing waste heat power generation business, which is currently limited to one operational plant[8]. - The company is focusing on mergers, acquisitions, and equity investments to expand into new industries and fields[99]. - The company plans to invest 200 million yuan in a joint venture for industrial hemp-related projects[40]. - The company has initiated a joint venture with Hanma Investment Group for the production of industrial hemp products, with a registered capital of 20 million RMB[57]. - The company is exploring new industries and fields to establish a sustainable group management model amid uncertainties in revenue and profitability[102]. - The company plans to enhance group management functions and optimize control policies for subsidiaries to ensure healthy development[100]. Acquisitions and Investments - The acquisition of Shanghai Yiwishi Technology Co., Ltd. resulted in a goodwill of CNY 84.9496 million, with performance expectations not being met due to economic downturns and market challenges[9]. - The company completed the acquisition of a 51% stake in Shanghai Yiwishi Technology Co., Ltd. for up to 108 million RMB, which was included in the consolidated financial statements from March 6, 2019[56]. - The company holds 51% equity in Shanghai Yiwishi Technology Co., Ltd. after investing 107.75 million RMB, which is currently operational[87]. - The company established a joint venture, Woda Industrial Hemp (Yunnan) Co., Ltd., with a registered capital of ¥200 million, responsible for the investment and operation of industrial hemp projects[163]. - The company and Hanma Investment Group agreed to jointly invest ¥400 million in the industrial hemp base material production project, with each party contributing ¥200 million[160]. Operational Risks and Challenges - The company reported a significant uncertainty in future revenue and profitability stability, primarily due to external factors affecting the photovoltaic power station business and the nascent state of the industrial hemp sector[8]. - The operational risks associated with the Yunnan Woda industrial hemp project are heightened due to regulatory uncertainties and the impact of the COVID-19 pandemic on business operations[10]. - The performance of the wholly-owned subsidiary's grid-connected photovoltaic power stations has shown instability due to various external factors, including weather and design flaws[6]. - The advertising and media market for Yiwishi has been adversely affected, leading to significant uncertainty regarding its future profitability and performance commitments[9]. - The company faced significant operational risks in its photovoltaic power station business due to weather factors and high loan burdens, leading to unstable performance[102]. Financial Management and Cash Flow - The net cash flow from operating activities improved significantly to ¥26,455,761.22, an increase of 272.53% compared to -¥15,334,006.10 in 2018[22]. - The company utilized up to 300 million yuan of idle raised funds for financial products to enhance the efficiency of idle funds[40]. - The company reported a cash balance of 106.08 million yuan under the new financial instrument standards, compared to 103.11 million yuan under the previous standards[120]. - The company has a total guarantee amount of 50,000,000 CNY, with an actual guarantee balance of 36,500,000 CNY, representing 47.09% of the company's net assets[142]. - The company has entrusted financial management with a total amount of 41,820,000 CNY, including 14,600,000 CNY from idle raised funds and 20,000,000 CNY from idle self-owned funds[145]. Shareholder and Equity Structure - The company has not distributed any cash dividends or bonus shares for the year 2019, with a total cash dividend amount of 2,100,453.41 yuan representing 1.60% of the total distributable profit[107][112]. - The company has been actively repurchasing shares, with a total of 3,215,100 shares repurchased, accounting for 1.82% of the total share capital[110]. - The company’s unallocated profits as of December 31, 2019, stood at -150,926,761.26 yuan, indicating financial challenges[108]. - The company’s total equity capital structure has changed significantly due to the profit distribution and share repurchase activities[173]. - The company reported a total of 5,696 shareholders at the end of the reporting period, with the largest shareholder holding 22.02% of the shares[174]. Research and Development - Research and development expenses increased by 100% due to the consolidation of Shanghai Yiwei[41]. - The company plans to develop a 32-inch naked-eye 3D medical display, which is currently in the trial production stage[63]. - The N090 series product is in the incremental trial production phase, focusing on ultra-high-definition 4K resolution and multi-view naked-eye 3D technology[63]. - The company aims to form multiple patents from its R&D projects, including two invention patents for the 32-inch naked-eye 3D medical display[63]. - The number of R&D personnel increased to 20, accounting for 13.61% of total employees, with R&D investment amounting to ¥3,884,622.62, representing 3.50% of operating revenue[65]. Corporate Social Responsibility - The company actively fulfills its corporate social responsibility by establishing a management system for quality, environment, safety, and employee rights protection[153]. - The company and its subsidiaries have complied with environmental protection laws and regulations, with no penalties reported during the period[155]. - The company has not initiated any targeted poverty alleviation work during the reporting year[154].

大连易世达新能源发展股份有限公司 2020 年第一季度报告全文 2020 年第一季度报告 2020-028 2020 年 04 月 1 大连易世达新能源发展股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘振东、主管会计工作负责人陈祥强及会计机构负责人(会计主 管人员)滕明芳声明：保证季度报告中财务报表的真实、准确、完整。 大连易世达新能源发展股份有限公司 2 大连易世达新能源发展股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 16,003,942.06 | 23,713,229.81 | -32.51% | | 归属于上市公司股东的净利润（元） ...

Financial Performance - The company's operating revenue for 2019 was approximately ¥110.93 million, a decrease of 27.14% compared to 2018[20] - The net profit attributable to shareholders was approximately ¥16.14 million, representing a decline of 56.01% year-over-year[20] - The basic earnings per share for 2019 was ¥0.06, down 57.14% from ¥0.21 in 2018[20] - The total revenue for the company in 2019 was 110.93 million yuan, a decrease of 27.14% compared to the previous year[39] - The net profit attributable to shareholders was 16.14 million yuan, reflecting a decline of 56.01% year-on-year[39] - The company’s non-recurring gains and losses totaled 11,705,495.41 CNY in 2019, a decrease from 46,104,940.69 CNY in 2018[25] Cash Flow and Assets - The net cash flow from operating activities improved significantly to approximately ¥26.46 million, an increase of 272.53% compared to the previous year[20] - The total assets at the end of 2019 were approximately ¥1.23 billion, a decrease of 1.68% from the previous year[20] - The company's cash flow from operating activities showed a significant recovery, with a net cash flow of 22,718,759.72 CNY in Q4 2019, compared to a negative cash flow in the earlier quarters[22] - The company's cash flow from financing activities showed a net outflow of ¥56,360,772.35, a decrease of 43.57% from the previous year[65] - The total assets at the end of 2019 included cash and cash equivalents of ¥111,623,001.96, representing 9.05% of total assets[70] Business Operations and Strategy - The company is currently focusing on new business development and exploring new industries to ensure sustainable growth[5] - Future revenue and profit stability remain uncertain, depending on the effective implementation of the company's strategic development plans[8] - The company plans to focus on mergers and acquisitions to drive growth and transformation, aligning with national industrial development strategies[34] - The company is focused on exploring new industries and fields through mergers, acquisitions, and equity investments to cultivate innovative and stable new profit capabilities[97] - The company has established a joint venture with Hanma Investment Group to invest 200 million yuan in the industrial hemp sector, focusing on production bases in Yunnan[38] Research and Development - The company’s research and development expenses doubled year-on-year, indicating a strong commitment to innovation and product development[39] - The company is in the trial production stage for a 32-inch naked-eye 3D medical display, which aims to enhance surgical precision[61] - The company is developing a new series of products with ultra-high-definition 4K resolution and multi-view naked-eye 3D technology, targeting advertising and exhibition sectors[61] - The company plans to form two invention patents and one utility model from its ongoing R&D projects[61] - The company’s R&D investment in 2019 amounted to ¥3,884,622.62, representing 3.50% of its operating revenue[63] Market Presence and Sales - The photovoltaic power generation business generated an operating profit of 6,574,200 CNY from a total grid-connected electricity of 59,673,100 kWh, resulting in an electricity revenue of 50,480,200 CNY[35] - The company’s photovoltaic power generation business achieved sales revenue of CNY 50,480,237.73, with a gross margin of 63.10%[49] - The revenue from the waste heat power generation business was 36.86 million yuan, representing a significant decline of 61.37% compared to the previous year[44] - The total revenue for the company in 2019 was 110.93 million yuan, a decrease of 27.14% compared to the previous year[39] - The company reported a significant decrease in operating profit from the waste heat power generation business, down 61.37% year-on-year[49] Shareholder and Equity Information - The company did not distribute any cash dividends or bonus shares for the year 2019, with a total cash dividend amount of 2,100,453.41 CNY representing 1.60% of the total profit distribution[105] - The company has implemented a stock repurchase plan, having repurchased a total of 3,215,100 shares, which is 1.82% of its total share capital[108] - The company’s share repurchase plan was approved on August 2, 2018, with a budget of CNY 20 million to CNY 50 million[167] - The company’s total number of shareholders decreased from 8,242 to 5,696 during the reporting period[172] - The company’s actual controller, Liu Zhentong, has a background in equity investment and has held various leadership roles in other investment firms[186] Risks and Challenges - The company faces significant operational risks due to external factors affecting its photovoltaic power station business[6] - The company faced risks related to new business expansion and the operational stability of its photovoltaic power stations, which are influenced by external factors such as weather and design defects[101] - The company has not achieved the expected benefits from the Shanghai Yiwai Vision Technology project due to a decline in the advertising industry[84] - The company is actively seeking to improve operational efficiency and risk management in response to the challenges faced by its subsidiaries[100] - The company has been focusing on talent development to enhance investment and internal control management capabilities[100] Compliance and Governance - The company has not reported any issues with the use of raised funds or their management[87] - The company has not undergone any changes in the use of raised funds during the reporting period[88] - The company has not engaged in any related party transactions during the reporting period[129] - The company has not implemented any equity incentive plans or employee stock ownership plans[128] - The company has not reported any significant changes in its business operations or strategic direction during the reporting period, indicating a consistent approach to its market strategy[177]