Group 1: Company Overview - The company operates in four main business segments: traditional power distribution, photovoltaic power generation, electric vehicle charging stations, and electricity services [4] - The primary revenue contributors are power distribution, charging stations, and photovoltaic businesses [4] Group 2: Photovoltaic Business - In the first half of 2017, the company implemented approximately 30 MWp of photovoltaic projects, focusing on distributed and EPC models [4] - The company plans to increase its efforts in the photovoltaic sector moving forward [4] Group 3: Charging Station Business - In 2016, the charging station business generated approximately 120 million CNY, with market shares evenly split between grid-connected and non-grid-connected markets [4] - In the first half of 2017, revenue from charging stations was around 55 million CNY, showing a slight decline in market performance [5] - The market for charging stations is expected to recover due to new tenders from the State Grid, increased production and sales of new energy vehicles, and supportive national policies [5] - The company prioritizes the development of high-power fast charging stations, anticipating that fast charging will become the market mainstream [5] Group 4: Subsidiary Performance and Strategy - The subsidiary Su Rong is currently facing challenges due to intensified market competition, impacting overall company performance [5] - The company aims to maintain Su Rong's breakeven status while developing new products and expanding sales channels to improve profit margins [5] Group 5: M&A Strategy - The company is actively exploring opportunities in the external acquisition space, focusing on synergies with existing business operations [5]

Financial Performance - The company's revenue for Q3 2022 was ¥63,975,838.81, representing a decrease of 15.26% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥3,288,868.18, a significant increase of 1,231.55% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,778,922.86, up 1,289.19% from the previous year[5]. - Total profit for Q3 2022 was -3,361,453.39, a decrease of 566.19% compared to the same period in 2021[12]. - Net profit for Q3 2022 was -5,143,817.98, representing a decline of 809.41% year-over-year[12]. - The company's net profit attributable to shareholders decreased to ¥147,162,244.62 from ¥155,303,777.01, a decline of 5.5%[19]. - The net profit for Q3 2022 was -5,143,817.98 CNY, a significant decline compared to a net profit of 725,080.37 CNY in Q3 2021, representing a year-over-year decrease of approximately 810%[22]. - The total comprehensive income for the period was -5,143,817.98 CNY, compared to 725,080.37 CNY in the previous year, reflecting a decline of approximately 810%[22]. Cash Flow - The company reported a cash flow from operating activities of ¥42,135,316.87, a substantial increase of 1,373.25% year-to-date[5]. - Cash flow from operating activities showed a net increase of 42,135,316.87, a significant rise of 1373.25% from the previous year[12]. - The company reported a cash and cash equivalents balance of 186,119,563.40 CNY at the end of the period, up from 118,550,420.96 CNY at the end of Q3 2021, reflecting an increase of approximately 57%[24]. - The company received tax refunds amounting to 11,835,871.47, an increase of 3243.49% compared to the previous year[12]. - The company reported a cash inflow of 11,835,871.47 CNY from tax refunds, a significant increase from 353,997.32 CNY in the previous year, indicating a growth of over 3200%[23]. - The company incurred a total of 127,650,017.61 CNY in cash outflows from financing activities, compared to 109,259,383.48 CNY in the previous year, marking an increase of about 17%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥948,959,526.93, down 7.45% from the end of the previous year[5]. - Total current assets decreased to ¥565,826,752.13 from ¥627,664,750.79 at the beginning of the year, reflecting a decline of 9.8%[18]. - Total liabilities decreased to ¥269,402,791.91 from ¥336,884,152.71, a reduction of 20.0%[19]. - Total assets decreased to ¥948,959,526.93 from ¥1,025,392,973.35, a decline of 7.4%[19]. - Cash and cash equivalents increased by 24,216,662.76, a growth of 423.55% compared to the same period last year[12]. Operating Performance - The company's total revenue for the year-to-date period was ¥156,410,592.53, down 32.54% compared to the same period last year[11]. - Total operating revenue for Q3 2022 was ¥156,410,592.53, a decrease of 32.5% compared to ¥231,850,878.36 in Q3 2021[21]. - Total operating costs for Q3 2022 were ¥165,532,636.07, down 30.0% from ¥236,932,913.96 in the same period last year[21]. - Operating profit for Q3 2022 was -¥2,625,405.88, compared to a profit of ¥998,412.82 in Q3 2021[21]. - The company reported a decrease in revenue from other operating activities by 53.53%, totaling 55,193,302.06[12]. Investments and Expenses - The company’s investment income increased by 111.30% to ¥2,837,307.22, attributed to higher power generation and increased electricity prices[11]. - Research and development expenses for Q3 2022 were ¥10,408,627.73, down 24.0% from ¥13,762,557.01 in Q3 2021[21]. - The company’s investment activities generated a net cash flow of -268,636.50, a decrease of 75.25% compared to the previous year[12]. - The company distributed dividends and paid interest amounting to 7,650,017.61, an increase of 79.60% from the previous year[12]. - The company experienced a 540.97% increase in contract liabilities, totaling ¥14,778,223.90, due to customer prepayments[11]. - The company reported a decrease in accounts payable by 32.41%, amounting to ¥96,280,813.98, as payments for raw material purchases were made[11].

Products and Services - The company's main products include power equipment, electric vehicle charging stations, and photovoltaic power station construction projects, which are closely tied to the progress of corresponding infrastructure projects[6]. - The company has maintained its focus on the manufacturing of smart grid products while actively expanding into the construction and operation of electric vehicle charging stations and photovoltaic power generation projects[41]. - The company has developed various specifications of AC and DC charging equipment, establishing a competitive advantage in high-power fast charging and dynamic power distribution modes[42]. - The company has been investing in photovoltaic projects since 2015, focusing on distributed photovoltaic projects for self-use, providing advanced energy management solutions[42]. - The company has established a diverse portfolio of subsidiaries engaged in various aspects of renewable energy, including solar power generation and electric vehicle services, indicating a strong market presence[54]. Financial Performance - The company's operating revenue for the reporting period was ¥92,434,753.72, a decrease of 40.88% compared to the same period last year[33]. - The net profit attributable to shareholders was -¥7,622,132.93, representing a decline of 1,126.10% year-over-year[33]. - The net cash flow from operating activities improved to ¥14,807,901.80, a significant increase of 214.47% compared to the previous year[33]. - The total assets at the end of the reporting period were ¥963,357,680.70, down 6.05% from the end of the previous year[33]. - Operating revenue decreased by 40.88% to ¥92,434,753.72 compared to ¥156,357,617.52 in the same period last year, primarily due to the impact of the COVID-19 outbreak in Jiangsu, Zhejiang, and Shanghai[50]. - Operating costs fell by 42.05% to ¥72,629,216.84 from ¥125,325,336.98, attributed to the decline in operating revenue[50]. - R&D expenses decreased by 33.92% to ¥6,328,449.59 from ¥9,576,306.86, mainly due to reduced material costs for R&D[51]. - The company reported a significant increase in tax refunds, with received tax refunds amounting to ¥12,439,430.18, a 6,118.72% increase from ¥200,031.88[51]. - The cash and cash equivalents increased by 137.02% to ¥8,054,232.31 from a decrease of ¥21,756,322.63 in the previous year[51]. Risk Management - Due to the impact of the pandemic, the company has seen an increase in accounts receivable, with some customers facing financial difficulties, leading to potential bad debt risks[6]. - The company plans to enhance its risk management capabilities by tightening the assessment of accounts receivable and implementing strict credit management systems to mitigate overdue payment risks[6]. - The company is facing significant market competition, with a risk of declining gross margins due to aggressive bidding practices in a mature market[7]. - The company is facing risks related to policy changes that could impact its operations in the power and renewable energy sectors[71]. - The company has increased its focus on managing accounts receivable to mitigate risks associated with delayed payments from clients[72]. Strategic Focus - The company aims to optimize its business layout through external investments in power equipment, electric vehicle charging stations, and photovoltaic power stations, aligning with industry development and customer needs[11]. - The company is actively exploring new market opportunities in emerging industries, such as light rail transit systems and new energy photovoltaic projects[9]. - The company emphasizes the importance of aligning its strategic layout with national energy policies and industry trends to minimize adverse impacts from policy changes[5]. - The company is focusing on developing new technologies and products to maintain a competitive edge, particularly in response to the requirements of major clients like the State Grid[12]. - The company plans to enhance its risk management capabilities and improve internal processes to adapt to business growth[75]. Shareholder and Governance - The company will not distribute cash dividends, issue bonus shares, or increase share capital from reserves for the reporting period[13]. - The company emphasizes the protection of shareholder rights and has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[87]. - The company strictly adheres to labor laws and provides social insurance for employees, ensuring their rights are protected[88]. - There were no changes in the board of directors or senior management during the reporting period[81]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[86]. Operational Efficiency - The company is committed to improving management processes and internal controls to enhance decision-making efficiency and risk prevention capabilities[10]. - The company is focusing on cost reduction strategies to improve profitability in the upcoming quarters[145]. - The company has implemented strategic measures to enhance operational efficiency and reduce costs, aiming for a more sustainable profit margin[160]. - The company aims to improve operational efficiency and explore potential mergers and acquisitions to drive growth[169]. Future Outlook - Future guidance indicates a projected revenue growth of 10% for the upcoming fiscal year, driven by increased demand and market expansion efforts[160]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[160]. - The company expects a revenue growth of approximately 10% for the next quarter, driven by increased demand in key markets[163]. - The company has initiated a new product line that is expected to contribute an additional 200 million yuan in revenue by the end of the fiscal year[163].

Financial Performance - The company's revenue for Q1 2022 was ¥53,326,570.21, representing a decrease of 29.45% compared to ¥75,584,017.47 in the same period last year[3] - The net profit attributable to shareholders was -¥2,382,510.54, a decline of 242.99% from ¥1,666,194.82 in the previous year[3] - The total profit for the period was -¥2,300,312.40, a decrease of 207.07% from ¥2,148,429.22 in the previous year[9] - Net profit for Q1 2022 was a loss of ¥2,450,779.65, compared to a profit of ¥1,633,895.42 in Q1 2021, representing a significant decline[24] - The company's operating profit for Q1 2022 was a loss of ¥2,216,876.86, compared to a profit of ¥2,153,182.16 in the previous year[24] - Basic and diluted earnings per share for Q1 2022 were both -¥0.0094, compared to ¥0.0066 in Q1 2021[25] Cash Flow - The net cash flow from operating activities improved by 36.32%, amounting to -¥12,844,137.08 compared to -¥20,169,396.18 in Q1 2021[3] - The company's cash flow from operating activities was ¥72,797,571.59 in Q1 2022, slightly down from ¥72,932,873.24 in the same period last year[27] - Total cash inflow from operating activities was 81,626,417.05, while total cash outflow was 94,470,554.13, resulting in a net cash outflow of 12,844,137.08[28] - Cash flow from financing activities showed a net outflow of -¥1,350,680.56, an improvement of 88.19% compared to -¥11,433,027.78 in the previous year[10] - The company reported a significant increase in cash outflow for purchasing goods and services, totaling 76,505,888.73 compared to 82,365,705.81 in the previous year[28] - The company’s cash flow from operating activities was significantly impacted by increased payments to employees, totaling 7,465,504.32[28] Assets and Liabilities - Total assets decreased by 4.17% to ¥982,585,153.32 from ¥1,025,392,973.35 at the end of the previous year[3] - Total current assets decreased from 627,664,750.79 CNY to 590,472,271.57 CNY, a decline of approximately 5.93%[19] - Total liabilities decreased to ¥297,125,509.50 in Q1 2022 from ¥336,884,152.71 in the previous quarter[21] - The company's cash and cash equivalents decreased from 217,530,121.36 CNY at the beginning of the year to 201,766,900.69 CNY at the end of the period, a decline of approximately 7.99%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,855[13] - The largest shareholder, Yao Jianhua, holds 28.85% of shares, totaling 73,248,229 shares[13] - The total number of shares held by the top ten unrestricted shareholders is 38,082,690 shares, representing a significant portion of the company's equity[13] - The total number of restricted shares at the end of the period is 57,373,932, all of which are high-level executive locked shares[16] Investment and R&D - The company reported a significant increase in investment income, which rose by 307.32% to ¥814,642.44 due to increased revenue from photovoltaic power generation[9] - Research and development expenses for Q1 2022 were ¥2,734,392.01, a decrease of 28.0% from ¥3,801,255.50 in Q1 2021[24] - The company has not disclosed any new product or technology developments in this reporting period[18] Other Financial Metrics - The weighted average return on equity was -0.35%, down from 0.25% in the same period last year, reflecting a decrease of 0.60%[3] - The company experienced a 73.73% decrease in receivables financing, dropping to ¥3,039,800.00 from ¥11,573,093.17[7] - Contract liabilities increased by 103.46% to ¥4,690,970.17, indicating a rise in received advance payments not yet recognized as revenue[7] - The company reported a credit impairment loss of ¥749,613.01 in Q1 2022, compared to ¥2,410,666.51 in the same period last year[24] Audit and Reporting - The first quarter report was not audited, indicating potential risks in the reported figures[30]

Financial Performance - The company's operating revenue for 2021 was CNY 325,031,340.50, a decrease of 38.25% compared to CNY 526,364,149.72 in 2020[20] - The net profit attributable to shareholders in 2021 was CNY 8,996,966.18, a significant increase of 115.27% from a loss of CNY 58,920,350.81 in 2020[20] - The net cash flow from operating activities reached CNY 71,156,487.84, representing a 301.85% increase from CNY 17,707,096.12 in the previous year[20] - Basic earnings per share for 2021 were CNY 0.04, compared to a loss of CNY 0.23 in 2020, marking a 117.39% improvement[20] - The total assets at the end of 2021 amounted to CNY 1,025,392,973.35, reflecting a 2.08% increase from CNY 1,004,499,411.76 at the end of 2020[20] - The net assets attributable to shareholders were CNY 675,640,871.95 at the end of 2021, up by 1.35% from CNY 666,643,905.77 in 2020[20] - The company reported a net profit of 475,076.21 yuan for the year 2021, a significant decrease from 2,501,710.68 yuan in 2020, reflecting a decline of approximately 81%[27] - The company's revenue from non-recurring gains and losses was impacted by a loss of 479,036.27 yuan in 2021, compared to a gain of 2,804,580.01 yuan in 2020[26] Revenue Breakdown - The electric power equipment business generated revenue of ¥231,146,843.40, accounting for 71.12% of total revenue, with a year-on-year growth of 22.89%[49] - The photovoltaic power generation business achieved revenue of ¥19,288,485.49, making up 5.93% of total revenue, with a year-on-year increase of 396.17%[49] - The EPC business reported revenue of ¥18,586,529.28, which constituted 5.72% of total revenue, experiencing a year-on-year decline of 93.58%[49] - The charging pile business generated revenue of ¥32,065,493.34, representing 9.87% of total revenue, with a year-on-year decrease of 2.21%[49] - The revenue from the installation and construction business was ¥18,586,529.28, accounting for 5.72% of total revenue, down 93.58% year-on-year[52] - The revenue from anti-theft electric energy metering totaled ¥10,699,648.42, reflecting a 20.07% increase[64] Investment and Assets - The company has obtained a total of 141 patents, including 19 invention patents and 87 utility model patents, enhancing its product competitiveness[42] - The company acquired full ownership of Zaozhuang Leyi Green Xiaodian Power Technology Co., Ltd., which is expected to enhance its investment and development in the photovoltaic new energy business[97] - The company’s fixed assets increased to ¥270,864,588.7, which is 26.42% of total assets, up from 23.33%, reflecting a growth of 3.09%[87] - The company’s investment in long-term equity increased to ¥18,607,775.24, accounting for 1.81% of total assets, up from 1.21%, an increase of 0.60%[87] Research and Development - The company’s R&D investment amounted to ¥18,490,364.09 in 2021, representing 5.69% of total revenue, an increase from 5.40% in 2020[78] - The number of R&D personnel decreased by 15.09% to 45, with the proportion of R&D personnel in the total workforce dropping to 20.09% from 22.36% in 2020[78] - The company has developed a new intelligent charging system aimed at improving the acceptance capacity of charging stations, particularly in older residential areas[77] - The company has filed for a utility model patent for a new type of electric vehicle charging pile, indicating ongoing innovation in product development[77] Market and Business Strategy - The company aims to expand its business in the photovoltaic sector, leveraging the government's support for distributed photovoltaic development, which is expected to enhance market competitiveness[33] - The company plans to enhance its electric vehicle charging infrastructure to meet the anticipated demand for over 20 million electric vehicles by the end of the 14th Five-Year Plan[36] - The company is positioned to benefit from the increasing demand for power distribution and energy quality improvement solutions as the industry continues to grow[32] - The company is focusing on optimizing its power equipment business, electric vehicle charging stations, and photovoltaic power plants through external investments to align with industry development and customer needs[111] Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights[115] - The board of directors consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements[116] - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[117] - The company emphasizes effective communication with investors to enhance their understanding and recognition of the company[118] Employee and Social Responsibility - The total number of employees at the end of the reporting period was 224, with 146 in the parent company and 78 in major subsidiaries[148] - The company implemented salary adjustments during the reporting period to retain key talent and enhance employee satisfaction[150] - The company has invested 588,000 yuan in social security for 19 registered disabled employees during the reporting period[170] - The company is committed to environmental protection and sustainable development, focusing on building a resource-saving and environmentally friendly enterprise[168] Risks and Challenges - The company faces risks from policy changes that could impact production and operations, necessitating close monitoring of national energy policies[107] - Increased accounts receivable due to client financial pressures poses a risk, with measures in place to strengthen credit management and client assessments[108] - The competitive market environment may lead to price-based bidding, risking profit margins, prompting the company to enhance service quality and explore new markets[109] Future Outlook - For 2022, the company aims to strengthen its product development in smart grids and new energy charging systems, targeting rapid growth compared to 2021[99] - The company plans to enhance R&D efforts for power equipment and fast-charging technology, focusing on the integration of new energy and power distribution[100] - The company will explore external mergers and acquisitions to enhance competitiveness and operational efficiency in 2022[105]

Financial Performance - The company's revenue for Q3 2021 reached ¥75,493,260.84, representing a 29.48% increase year-over-year[4] - Net profit attributable to shareholders was ¥246,995.74, a significant increase of 104.57% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥272,024.19, up 104.97% year-over-year[4] - Total profit for the period was ¥721,051.36, marking a 105.50% increase compared to the previous year[9] - Net profit for Q3 2021 was CNY 725,080.37, a significant recovery from a net loss of CNY 13,237,927.06 in the previous year[23] - Earnings per share for Q3 2021 were CNY 0.0039, compared to a loss per share of CNY 0.0491 in the same quarter last year[24] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥1,011,473,250.86, reflecting a 0.69% increase from the end of the previous year[4] - The total assets as of Q3 2021 amounted to CNY 1,011,473,250.86, slightly up from CNY 1,004,499,411.76 at the end of the previous quarter[20] - Total liabilities for Q3 2021 were CNY 331,822,583.37, compared to CNY 325,573,824.64 in the previous quarter, indicating a 1.0% increase[20] - The company's total current assets as of September 30, 2021, were 710,105,827.69, an increase from 692,537,997.95 at the end of 2020[18] Cash Flow - The company's cash flow from operating activities showed a net amount of ¥2,860,024.57, down 93.74% compared to the previous period[4] - The net cash flow from operating activities for Q3 2021 was CNY 2,860,024.57, a significant decrease of 93.7% compared to CNY 45,698,744.62 in Q3 2020[27] - Total cash inflow from operating activities was CNY 339,798,459.11, while cash outflow was CNY 336,938,434.54, resulting in a net cash flow of CNY 2,860,024.57[27] - The cash and cash equivalents decreased by 7,484,624.62, representing an 85.55% decrease, attributed to negative net cash flows from investment and financing activities despite positive cash flow from operating activities[11] - The ending balance of cash and cash equivalents was CNY 118,550,420.96, down from CNY 183,312,571.90 in the previous year, reflecting a decrease of 35.3%[28] Investment Activities - The cash outflow from investment activities was 1,091,265.71, an increase of 1025.72% compared to the previous period, mainly due to the purchase of new transportation equipment[11] - The net cash flow from investment activities was -1,085,265.71, a decrease of 161.79% compared to the previous period, primarily due to the purchase of new transportation equipment and subsidiaries[11] - The company reported a significant increase in investment income of 45.77%, totaling ¥1,342,814.08[9] - The net cash flow from investing activities was -CNY 1,085,265.71, compared to CNY 1,756,508.15 in the previous year, indicating a decline in investment returns[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 29,124, with no preferred shareholders[13] - The top shareholder, Yao Jianhua, holds 34.80% of the shares, amounting to 88,342,459 shares, with 66,256,844 shares under lock-up[13] Operating Costs and Expenses - Total operating revenue for Q3 2021 was CNY 231,850,878.36, an increase of 12.0% compared to CNY 206,960,471.95 in the same period last year[22] - Total operating costs for Q3 2021 were CNY 236,932,913.96, up from CNY 229,229,499.73, reflecting a year-over-year increase of 3.1%[22] - Research and development expenses for Q3 2021 were CNY 13,762,557.01, an increase of 15.4% from CNY 11,925,086.37 in the same period last year[23] - The company reported a significant decrease in financial expenses, which were CNY 2,807,717.14, down from CNY 6,246,950.23 in the previous year[23] - Sales expenses decreased by 33.40% to ¥19,796,069.67, attributed to adjustments in transportation costs[8] Future Plans - The company plans to continue expanding its market presence and developing new products and technologies to enhance its competitive edge[11] Other Information - The company experienced a 721.79% increase in accounts payable, reaching ¥32,757,746.64, due to increased procurement payments[7] - The repayment of bank loans amounted to 105,000,000.00, a decrease of 48.13% compared to 2020, due to the maturity of working capital loans[11] - The company did not adjust the initial balance sheet items for the new leasing standards as there were no leasing activities[29] - The Q3 report was not audited, which may affect the reliability of the financial data presented[30]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥156,357,617.52, representing a 5.18% increase compared to ¥148,654,600.35 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥742,825.50, a significant turnaround from a loss of ¥7,057,625.27 in the previous year, marking a 110.53% improvement[22]. - The net profit after deducting non-recurring gains and losses was ¥628,423.91, compared to a loss of ¥7,101,887.52 in the same period last year, reflecting a 108.85% increase[22]. - The basic earnings per share increased to ¥0.003 from a loss of ¥0.0278, showing a 110.79% improvement[22]. - The net profit for the current period was ¥579,472.04, a turnaround from a net loss of -¥7,068,910.78 in the previous year, marking an increase of 108.20%[43]. - The company reported a significant increase in other income, which rose by 58.19% to ¥444,925.62, attributed to higher VAT refunds[43]. - The total comprehensive income for the first half of 2021 was CNY 1,778,966.51, a decrease of CNY 8,151,489.87 compared to the previous period[158]. - The company reported a significant increase in retained earnings, with a balance of 1,984 million yuan at the end of the reporting period, up from 1,298 million yuan previously, marking a growth of approximately 52.9%[167]. Assets and Liabilities - The total assets at the end of the reporting period were ¥995,387,476.74, a decrease of 0.91% from ¥1,004,499,411.76 at the end of the previous year[22]. - The total liabilities decreased to CNY 315,882,417.58 from CNY 325,573,824.64, a reduction of about 2.08%[145]. - The company's equity increased slightly to CNY 679,505,059.16 from CNY 678,925,587.12, reflecting a growth of approximately 0.085%[146]. - The accounts receivable increased to ¥404,147,523.98, which is 40.60% of total assets, attributed to the growth in operating revenue[54]. - The total equity of the company reached CNY 684,717,935.42, an increase from CNY 682,938,968.91 in the previous year[150]. Revenue Segmentation - The power equipment segment generated revenue of ¥119,669,140.31, accounting for 76.54% of total revenue[34]. - The photovoltaic power generation and EPC business combined generated revenue of ¥17,121,668.96, representing 10.95% of total revenue[34]. - Revenue from the electric vehicle charging station business was ¥9,452,762.44, contributing 6.05% to total revenue[34]. - The company’s revenue from the East China region grew by 39.84%, reaching ¥92,105,711.36, compared to ¥65,867,207.62 in the previous year[46]. - The company's revenue from the North China region reached ¥21,246,393.03, representing a 13.59% increase, while total revenue from other regions was ¥43,005,513.13, up by 27.50%[47]. Research and Development - Research and development expenses rose by 21.59% to ¥9,576,306.86, up from ¥7,876,145.84, indicating a focus on innovation[42]. - The company plans to enhance its research and development efforts to maintain technological leadership and competitive advantage in the market[68]. - The company is investing in R&D, with a budget increase of 25% for new technology development in 2021[199]. Market and Competitive Environment - The company faces risks from national macroeconomic policies and industry development trends, which could adversely affect its operations[66]. - The competitive market environment may lead to price-based bidding, increasing the risk of declining gross margins[67]. - The demand for electric vehicle charging stations is expected to grow significantly, with the production and sales of new energy vehicles increasing by 134.9% and 139.3% year-on-year, respectively[33]. - The company is actively expanding its photovoltaic projects in regions with good sunlight resources, collaborating with major energy enterprises[30]. Corporate Governance and Compliance - The company emphasizes the protection of shareholder rights and ensures timely and fair information disclosure through various communication channels[80]. - The company strictly adheres to environmental protection laws and regulations, with no penalties for violations reported[78]. - There were no significant lawsuits or arbitration cases reported during the reporting period[93]. - The company has not engaged in any related party transactions during the reporting period[96]. Future Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 10% to 12%[199]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[151]. - Market expansion plans include entering two new international markets by Q4 2021, targeting a 5% market share in each[199]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $100 million allocated for potential deals[199]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,157[127]. - The largest shareholder, Yao Jianhua, holds 34.80% of the shares, totaling 88,342,459 shares[128]. - The total number of unrestricted shares increased from 165,590,419 (65.22%) to 184,758,446 (72.77%) following the unlocking of restricted shares[122]. - The company did not experience any changes in its controlling shareholder during the reporting period[133]. Financial Management - The company has plans to apply for a comprehensive credit limit of up to RMB 800 million from banks and financial institutions for the year 2021[115]. - The total external guarantee amount approved during the reporting period was 40,000 million RMB, with actual guarantees amounting to 14,289.78 million RMB[108]. - The company has no significant guarantees provided to shareholders or related parties during the reporting period[109].

Financial Performance - The company's operating revenue for 2020 was approximately ¥526.36 million, a slight increase of 1.00% compared to ¥521.17 million in 2019[19]. - The net profit attributable to shareholders was a loss of approximately ¥58.92 million, a significant decrease of 1,026.53% from a profit of ¥6.36 million in 2019[19]. - The net cash flow from operating activities decreased by 65.31% to approximately ¥17.71 million, down from ¥51.04 million in the previous year[19]. - The total assets at the end of 2020 were approximately ¥1.00 billion, representing a decrease of 25.05% from ¥1.34 billion at the end of 2019[19]. - The net assets attributable to shareholders decreased by 8.60% to approximately ¥666.64 million, down from ¥729.35 million in 2019[19]. - The basic earnings per share for 2020 were -¥0.23, compared to ¥0.02 in 2019, reflecting a decrease of 1,250.00%[19]. - The company acknowledges the uncertainty regarding its ability to continue as a going concern due to recent financial performance[19]. - The company's net profit for the year was -62,606,584.71 yuan, with significant adjustments made for credit impairment and asset depreciation[73]. Revenue Breakdown - The company's electric power equipment segment generated revenue of approximately 188.10 million yuan, accounting for 35.74% of total revenue, with a year-on-year decline of 13.48%[45]. - The revenue from power transmission and control equipment manufacturing accounted for 97.74% of total revenue, with a slight increase of 1.22% compared to the previous year[52]. - The revenue from charging devices dropped significantly by 50.07% to ¥32,789,901.55[56]. - The installation and construction segment saw a revenue increase of 38.42%, reaching ¥289,679,426.73, up from ¥209,275,982.94 in 2019[52]. - The revenue from the East China region decreased by 12.97% to ¥111,965,573.88, while revenue from North China surged by 243.27% to ¥290,427,150.77[53]. Investment and Assets - Fixed assets increased by 66.77% compared to the beginning of the period, primarily due to the acquisition of two photovoltaic power stations[32]. - The company's cash and cash equivalents decreased by 30.42% compared to the beginning of the period, reflecting investments in project construction[32]. - Accounts receivable increased by 171.60% compared to the beginning of the period, mainly due to the receipt of commercial acceptance bills from power grid companies[32]. - The company made a significant investment of 169.5 million yuan in a solar power project, acquiring a 100% stake in the project[82]. - The company increased its investment in research and development, resulting in a rise in fixed assets to 234,336,878.39 yuan, which accounted for 23.33% of total assets[77]. Shareholder Structure and Dividends - The company will not distribute cash dividends or issue bonus shares for the reporting period[7]. - The company’s total share capital as of July 7, 2020, was 253,884,600 shares, a decrease from 255,459,600 shares as of December 31, 2019[121]. - The company has committed to not planning any major asset restructuring within specified timeframes, ensuring stability in its operations[123]. - The company will not distribute cash dividends or increase capital stock from capital reserves for the 2020 fiscal year, with undistributed profits carried forward to the next year[120]. - The cash dividend for the 2019 fiscal year was set at 0.15 RMB per 10 shares, totaling 3,831,894 RMB distributed to shareholders[117]. Research and Development - The company is actively investing in R&D for charging-related products to address the decline in charging pile business orders and gross profit margins[47]. - R&D expenses increased by 39.97% to ¥28,401,462.55 in 2020 from ¥20,291,195.43 in 2019, reflecting increased investment in new product development[67]. - The number of R&D personnel decreased to 53 in 2020 from 86 in 2019, with the proportion of R&D personnel to total employees at 22.36%[71]. - The company is focusing on developing a new type of power system to accommodate a high proportion of renewable energy generation, as emphasized in the national energy strategy[90]. - The company plans to enhance R&D efforts for high-power fast charging technology to meet market demand[100]. Market Strategy and Operations - The company plans to enhance profitability by developing new businesses and optimizing shareholder structure, leveraging new shareholders' customer resources[6]. - The company is focusing on the development of electric vehicle charging stations, with a significant market opportunity due to the projected 25% share of new energy vehicles in total vehicle sales by 2025[47]. - The company has established a strong marketing service network with five branches and multiple subsidiaries across the country to enhance customer response[37]. - The company aims to reduce operational costs and improve efficiency by optimizing procurement, production, and sales processes[50]. - The company is committed to improving service quality and reducing costs to achieve differentiated competition in a mature market[109]. Risk Management and Compliance - The company aims to enhance its risk management capabilities and optimize its internal control systems to address operational management risks[111]. - The company has committed to fulfilling its obligations as a listed company shareholder and will not engage in actions that could harm the interests of the company and its shareholders[126]. - The company has established a consensus action agreement among shareholders to address management issues based on majority shareholding principles, effective since October 2017[124]. - The company has taken steps to prevent any misuse of its shareholder position to influence decisions that could harm the company or other shareholders[126]. - The company has ensured that all commitments regarding avoiding competition and related party transactions are strictly adhered to, with ongoing compliance as of the report date[125].

Financial Performance - The company's operating revenue for 2019 was ¥521,165,264.47, a decrease of 30.94% compared to ¥754,696,856.55 in 2018[24]. - The net profit attributable to shareholders for 2019 was ¥6,359,279.61, down 24.35% from ¥8,406,547.66 in 2018[24]. - The net cash flow from operating activities improved significantly to ¥51,043,051.55, compared to a negative cash flow of ¥193,294,880.24 in 2018, marking a 126.41% increase[24]. - The total assets at the end of 2019 were ¥1,340,160,009.07, a decrease of 15.33% from ¥1,582,816,321.21 at the end of 2018[24]. - The company reported a basic earnings per share of ¥0.02 for 2019, down 33.33% from ¥0.03 in 2018[24]. - The net profit after deducting non-recurring gains and losses for 2019 was ¥2,850,537.31, a significant increase of 71.78% from ¥1,659,394.33 in 2018[24]. - The company reported a total of ¥3,508,742.30 in non-recurring gains for 2019, down from ¥6,747,153.33 in 2018[30]. - The company's total revenue for 2019 was CNY 521.17 million, a decrease of 30.94% year-on-year, primarily due to a strategic reduction in the EPC business for renewable energy projects[49]. - Operating profit for the year was CNY 7.22 million, an increase of 15.38% year-on-year, attributed to effective cost control measures[49]. - Net profit attributable to the parent company was CNY 6.36 million, down 24.35% year-on-year, mainly due to increased income tax expenses from subsidiaries[49]. Market and Business Strategy - The company reported a significant focus on the development of electric vehicle charging equipment and photovoltaic EPC business, aligning with national policies and industry trends[5]. - The company is increasing its market expansion efforts in traditional power equipment and charging stations, while also facing competitive pressures that may impact profit margins[10]. - The company has maintained its focus on the production and sales of electric vehicle charging piles, power equipment, and photovoltaic power stations, with no significant changes in its main business model[34]. - In 2019, the company reduced new orders in the photovoltaic sector due to policy adjustments and subsidy reductions, focusing on completing existing projects efficiently[37]. - The company is positioned to benefit from the "new infrastructure" initiative, which is expected to stimulate further development in the electric power system[51]. - The domestic market for electric vehicle charging facilities is anticipated to accelerate due to new government policies, positively impacting the company's charging station business[52]. - The company is focusing on high-quality distributed photovoltaic projects to stabilize profits in the photovoltaic business[54]. - The company is actively optimizing procurement, production, R&D, and sales processes to reduce operational costs and improve cash flow[55]. - The company aims to avoid blind expansion and strengthen customer risk control to ensure stable operations[55]. - The company has adjusted its sales strategy to focus on stable operations and reduce the proportion of projects requiring upfront capital[55]. Risk Management - The company anticipates potential risks from macroeconomic fluctuations, including impacts from the US-China trade war, which may affect the sales volume of new energy vehicles and the photovoltaic industry[5]. - The company plans to enhance its management processes and internal controls to mitigate risks associated with expanding operations and project management[7]. - The company faces risks related to extended acceptance cycles for its products, which could lead to revenue recognition delays due to the impact of the COVID-19 pandemic on client operations[8]. - The company has implemented strict credit management policies to address the risk of accounts receivable not being collected on time, particularly in the photovoltaic sector[11]. Research and Development - The company invested CNY 20,291,195.43 in R&D in 2019, representing 3.89% of its operating revenue[74]. - The number of R&D personnel decreased to 86 in 2019, accounting for 28.67% of the total workforce[74]. - The R&D investment in 2018 was CNY 33,953,052.99, which was 4.50% of operating revenue, indicating a decline in R&D spending year-over-year[74]. - The company has developed an integrated smart substation to improve operational efficiency and reduce construction and operational costs[72]. - A new intelligent charging system for buses has been developed, reducing charging time from 3 hours to 15 minutes[73]. - The company is focusing on developing a battery management system to enhance the reliability and efficiency of battery operations[74]. - The R&D projects include a smart circuit breaker with remote control capabilities to improve energy quality and utilization[72]. - The company has introduced a bow-type charging pile that operates automatically, enhancing safety and efficiency in charging operations[73]. Corporate Governance and Shareholder Relations - The company has maintained a consistent cash dividend distribution policy over the past three years[122]. - The company’s profit distribution policy considers factors such as profitability, future development plans, and shareholder returns[119]. - The company has implemented measures to avoid potential competition with its controlling shareholders, ensuring alignment of interests[125]. - The company has committed to fair and transparent practices in any related party transactions, adhering to market principles[126]. - The company has maintained strict adherence to its commitments regarding stock option incentive plans and shareholder actions, reflecting strong corporate governance[124]. - The company emphasizes the protection of shareholder rights and adheres to legal requirements for corporate governance, ensuring timely and accurate information disclosure[160]. - The company has established a framework for consistent communication and decision-making among shareholders to support operational stability[125]. Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, aiming to balance economic benefits with ecological responsibility[163]. - The company has established a comprehensive quality management system to ensure high-quality product delivery[162]. - The company is involved in photovoltaic poverty alleviation projects, helping improve the conditions of impoverished families[164]. - The company has invested RMB 800,000 in vocational skills training, benefiting 24 individuals[166]. - The company has employed 24 disabled individuals, investing approximately 800,000 in support programs[165]. - The company will continue to implement poverty alleviation projects based on government policies and market demand in 2020[168]. Financial Management - The company plans to strengthen financial management and risk control to enhance capital efficiency and reduce costs[105]. - The total cash inflow from investment activities decreased by 96.15% to ¥3,836,419.82, primarily due to the disposal of fixed assets and the recovery of bank wealth management products[77]. - The net cash flow from financing activities decreased by 106.54%, resulting in a net outflow of ¥5,026,007.45, attributed to bank loan repayments and interest payments[77]. - The net increase in cash and cash equivalents was ¥26,972,468.59, reflecting a 136.42% increase compared to the previous year[77]. - The company's cash and cash equivalents at the end of 2019 were ¥273,940,389.37, representing 20.44% of total assets[79]. - Accounts receivable decreased by 18.54% to ¥428,306,934.73, accounting for 31.96% of total assets[79]. - Inventory decreased by 22.54% to ¥329,576,865.43, representing 24.59% of total assets[79]. Future Outlook - The company anticipates a rebound in new photovoltaic installations in 2020 compared to 2019, maintaining a high-efficiency development route[98]. - In 2020, the company plans to increase R&D efforts for new products and expand sales channels, targeting rapid growth compared to 2019[101]. - The company will focus on smart grid products and electric vehicle charging stations, benefiting from policy support and market demand[101]. - The company intends to enhance its core competitiveness by increasing R&D investment in smart distribution and charging equipment[102]. - The company will optimize management systems and improve operational efficiency to counter global economic pressures[104]. - The company will continue to explore external mergers and acquisitions to enhance its competitive position in the industry[107].

Financial Performance - The company's operating revenue for Q1 2021 was ¥75,584,017.47, representing a 20.49% increase compared to ¥62,728,041.29 in the same period last year[7]. - The net profit attributable to shareholders was ¥1,666,194.82, a significant recovery from a loss of ¥6,177,527.07 in the previous year, marking a 26.97% improvement[7]. - The basic earnings per share increased by 133.00% to ¥0.0066 from a loss of ¥0.02 per share in the same period last year[7]. - The company's operating profit reached 2.153 million yuan, a significant improvement from a loss of 6.207 million yuan in the same period last year, marking a 134.69% increase[17]. - Net profit for Q1 2021 was CNY 1,633,895.42, a significant recovery from a net loss of CNY 6,211,291.56 in the previous period[41]. - The total comprehensive income for the period was CNY 3,415,016.61, recovering from a loss of CNY 8,006,645.60 in the same quarter last year[46]. Cash Flow - The net cash flow from operating activities was negative at -¥20,169,396.18, a decline of 455.86% compared to a positive cash flow of ¥5,667,758.97 in the previous year[7]. - Cash flow from operating activities showed a net outflow of -20.169 million yuan, a decline of 455.86% compared to the previous year, mainly due to poor collection of accounts receivable[18]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 82,060,868.23, compared to CNY 142,081,051.06 in the previous year[49]. - The cash flow from investing activities was negative CNY 1,085,265.71, a decrease from a positive cash flow of CNY 16,373,605.15 in the previous year[49]. - The cash flow from financing activities resulted in a net outflow of -11,433,027.78 CNY, with total inflows of 10,000,000.00 CNY and outflows of 21,433,027.78 CNY[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥969,866,085.39, down 3.45% from ¥1,004,499,411.76 at the end of the previous year[7]. - The company's current assets totaled CNY 662,529,659.07, down from CNY 692,537,997.95, indicating a decrease of about 4.3%[30]. - The company's total liabilities were CNY 288,728,855.24, down from CNY 325,573,824.64, indicating a reduction of approximately 11.3%[33]. - Total liabilities decreased to CNY 265,142,828.89 from CNY 299,006,171.94 in the previous period[37]. Shareholder Information - The company reported a total of 22,872 common shareholders at the end of the reporting period[10]. - The largest shareholder, Yao Jianhua, holds 34.80% of the shares, totaling 88,342,459 shares[10]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11]. Operational Highlights - The company plans to strengthen management and internal controls while advancing R&D, production, market expansion, and external investments in 2021[20]. - The company reported no significant adverse risk factors or operational difficulties during the reporting period[22]. - There were no overdue commitments from major shareholders or related parties during the reporting period[25]. - The company did not engage in any share buybacks or significant investment activities during the reporting period[23]. Cost and Expenses - Total operating costs for Q1 2021 were CNY 76,216,371.67, up from CNY 69,541,477.85 in the previous period[40]. - The company reduced financial expenses by 63.43%, from 2.830 million yuan to 1.035 million yuan, by decreasing loan interest[17]. - Research and development expenses for Q1 2021 were CNY 3,801,255.50, slightly down from CNY 3,931,746.32 in the previous period[40]. - The company experienced a significant increase in credit impairment provisions, rising by 265.19% to 2.411 million yuan, reflecting increased bad debt provisions for accounts receivable[17]. Inventory and Receivables - Accounts payable increased by 286.08% from 3.986 million yuan to 15.390 million yuan, primarily due to payments for purchases in the form of bank acceptance bills[17]. - Inventory decreased to CNY 52,617,676.17 from CNY 58,386,868.27, representing a decline of approximately 9.8%[30]. - Accounts receivable increased to CNY 384,930,075.61 from CNY 374,199,373.31, showing a growth of about 2%[30]. Audit and Reporting - The first quarter report was not audited, indicating that the figures presented are unaudited[56].