Financial Performance - Revenue for Q3 2022 was CNY 278,858,258.56, an increase of 4.84% year-over-year[5] - Net profit attributable to shareholders was CNY 43,085,251.54, up 1.21% compared to the same period last year[5] - Net profit excluding non-recurring gains and losses decreased by 7.03% to CNY 37,829,964.92[5] - Total operating revenue for the third quarter of 2022 reached ¥772,849,889.18, an increase of 4.5% compared to ¥738,769,950.16 in the same period last year[16] - The net profit for the third quarter of 2022 was CNY 138,521,139.39, a slight increase from CNY 135,855,046.30 in the same period last year, representing a growth of approximately 1.22%[17] - The total operating profit for the quarter was CNY 157,710,362.55, an increase from CNY 151,789,692.67 year-over-year, representing a growth of approximately 3.3%[17] Cash Flow - Cash flow from operating activities decreased by 36.13% year-to-date, totaling CNY 70,169,051.30[5] - The net cash flow from operating activities was CNY 70,169,051.30, down from CNY 109,867,311.70 year-over-year, reflecting a decrease of approximately 36%[18] - The net cash flow from investing activities was negative at CNY -94,638,319.39, compared to a positive cash flow of CNY 686,011.16 in the same period last year[19] - The company experienced a decrease in cash flow from financing activities, with a net cash flow of CNY -10,887,625.00 compared to CNY -72,398,437.00 in the previous year[19] Assets and Liabilities - Total assets increased by 3.81% to CNY 1,469,210,758.05 compared to the end of the previous year[5] - Current assets totaled ¥1,094,218,545.36, an increase from ¥1,020,730,996.01, indicating a growth of 7.2%[15] - The total liabilities decreased to ¥366,416,112.44 from ¥435,929,927.49, a reduction of 15.9%[16] - The company's total assets as of September 30, 2022, were ¥1,469,210,758.05, up from ¥1,415,285,751.14 at the beginning of the year[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,945[10] - The largest shareholder, Zhou Zhong, holds 18.26% of the shares, totaling 39,197,988 shares[10] - The second-largest shareholder, Shanghai Qianhang Investment Co., Ltd., holds 17.19% of the shares, totaling 36,900,000 shares[10] - The largest shareholder, Zhou Zhong, has 29,398,491 shares under lock-up conditions, which will be released at a rate of 25% annually[11] - The total number of restricted shares at the beginning of the period was 40,198,501, with 84,000 shares released during the period[11] - The total number of restricted shares at the end of the period is 40,075,501[11] Research and Development - Research and development expenses increased by 38.13% year-to-date[9] - Research and development expenses increased significantly to ¥88,531,284.55, compared to ¥64,092,239.23, marking a rise of 38.3%[16] Taxation - The company experienced a 106.30% increase in taxes payable at the end of the reporting period[9] - The company reported a tax expense of CNY 19,149,923.42, up from CNY 15,667,395.11 in the previous year, indicating an increase of about 22.5%[17]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥493,991,630.62, representing a 4.49% increase compared to ¥472,783,221.31 in the same period last year[19]. - The net profit attributable to shareholders was ¥95,435,887.85, up 2.31% from ¥93,284,932.61 in the previous year[19]. - The net cash flow from operating activities decreased significantly by 81.68%, amounting to ¥16,979,790.96 compared to ¥92,676,574.55 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,420,472,892.30, a slight increase of 0.37% from ¥1,415,285,751.14 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 6.92%, reaching ¥1,047,165,352.17 compared to ¥979,355,823.65 at the end of the previous year[19]. - Basic earnings per share rose to ¥0.47, reflecting a 2.17% increase from ¥0.46 in the same period last year[19]. - The weighted average return on equity decreased to 9.38%, down from 10.87% in the previous year[19]. - The company reported a total revenue of 8,855,238.17 yuan, with a non-operating income of 192,786.64 yuan from tax refund[24]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2022, representing a year-over-year growth of 20%[51]. - The company has set a revenue guidance of 3 billion RMB for the full year 2022, indicating an expected growth rate of 25%[51]. Research and Development - The company has emphasized independent R&D while collaborating with universities and research institutions to enhance innovation capabilities[36]. - The company is investing in R&D for smart energy management systems, with a budget allocation of 100 million RMB for the next fiscal year[51]. - The company's R&D investment increased by 27.65% to CNY 51,307,544.00, up from CNY 40,193,660.68 in the previous year[55]. - Research and development expenses for the first half of 2022 were CNY 51,307,544.00, compared to CNY 40,193,660.68 in the same period last year, indicating a year-on-year increase of 27.6%[153]. - The company has allocated 18,678,000,000 CNY for research and development in new technologies and products[166]. Market Expansion and Strategy - The company is focusing on expanding its business in the renewable energy sector, particularly in energy storage and photovoltaic fields, to provide intelligent microgrid control systems[40]. - The company has developed an online sales channel, achieving innovation through platforms like JD and Tmall, and has authorized 80 system agents for offline sales[30]. - Market expansion efforts are underway in Southeast Asia, targeting a 30% increase in market share by the end of 2023[52]. - The company plans to expand its market presence and invest in new product development to drive future growth[167]. - The company aims to increase its market share by 10% in the next fiscal year through strategic partnerships and acquisitions[170]. Operational Efficiency - The company has a flexible production model of "small batch, multiple varieties," enhancing cost control and bargaining power[29]. - The company has established a comprehensive raw material procurement management system, including supplier selection, evaluation, and daily management[37]. - The company has a production model that combines inventory production, order/project production, and outsourcing processing to enhance efficiency and responsiveness to market demands[38]. - The company has implemented new strategies to optimize operational efficiency and reduce costs[167]. - The company reported a 7% increase in operational efficiency due to the implementation of new technologies in its production processes[71]. Risk Management - The company faces various risks and has outlined corresponding measures in its report, emphasizing the importance of investor awareness regarding these risks[4]. - The company has established a risk management framework in its procurement process to identify and mitigate risks related to delivery and quality[37]. - The increase in accounts receivable poses liquidity and bad debt risks; the company will implement strict sales collection policies to reduce these risks[78]. - There is a risk of declining gross margins as market competition intensifies and costs rise; the company plans to enhance market and R&D investments to mitigate this risk[77]. Corporate Governance and Compliance - The company emphasizes compliance with labor laws and employee rights protection[94]. - The company maintains a commitment to corporate social responsibility and transparent governance practices[94]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, with ongoing commitments related to share transfer limitations and non-competition agreements[97]. - The company has pledged to compensate for any losses incurred due to unpaid social insurance and housing fund obligations prior to its IPO, indicating a commitment to regulatory compliance[97]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[99]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company’s employee stock ownership plan accounted for 4.53% of the total share capital[89]. - Major shareholder Zhou Zhong holds 18.25% of the shares, totaling 39,197,988, with 29,398,491 shares under lock-up[132]. - The total number of shareholders at the end of the reporting period is 7,280[131]. - The company approved the repurchase of up to RMB 100 million (approximately $15 million) worth of shares, with a minimum of RMB 50 million (approximately $7.5 million) and a maximum price of RMB 20 per share[125]. Environmental and Social Responsibility - The company has implemented energy-saving technology upgrades and projects to reduce carbon emissions[93]. - The company has not faced any administrative penalties for environmental issues during the reporting period[93]. - The company is committed to continuous innovation in product and sales models to adapt to market changes and improve operational efficiency[41]. Financial Position - The company's total assets at the end of the reporting period were valued at 165,000,000,000 CNY[166]. - The total assets of the company at the end of the reporting period amounted to 8.7 billion yuan, showing a growth of 4.2% from the previous year[169]. - The total equity attributable to shareholders at the end of the period was 919.6 million yuan, reflecting a solid financial position[171]. - The company's cash and cash equivalents decreased to ¥72.26 million, representing 5.09% of total assets, down from 8.14% the previous year[62].

Financial Performance - The company's revenue for Q1 2022 was CNY 207,092,988.61, representing a 3.36% increase compared to CNY 200,353,262.99 in the same period last year[4] - Net profit attributable to shareholders was CNY 31,526,052.10, up 2.35% from CNY 30,801,483.70 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 207,092,988.61, an increase from CNY 200,353,262.99 in Q1 2021, representing a growth of approximately 3.67%[24] - Net profit for Q1 2022 reached CNY 31,526,052.10, compared to CNY 30,801,483.70 in Q1 2021, reflecting a growth of approximately 2.35%[24] - The total comprehensive income for Q1 2022 was ¥24,017,359.66, down from ¥30,391,435.95 in Q1 2021, indicating a decrease of about 21.1%[25] - Basic and diluted earnings per share for Q1 2022 were both ¥0.16, an increase from ¥0.15 in Q1 2021, representing a growth of approximately 6.67%[25] Cash Flow - The net cash flow from operating activities decreased significantly by 509.76%, resulting in a negative cash flow of CNY -61,602,617.27[4] - Cash inflows from operating activities totaled ¥230,543,486.02 in Q1 2022, compared to ¥205,618,864.57 in Q1 2021, marking an increase of about 12.09%[28] - The net cash flow from operating activities for Q1 2022 was -¥61,602,617.27, a significant decline from a positive net cash flow of ¥15,033,727.55 in Q1 2021[28] - Cash outflows from investing activities were ¥96,966,555.28 in Q1 2022, compared to ¥165,911,770.81 in Q1 2021, showing a decrease of approximately 41.5%[29] - The net cash flow from investing activities for Q1 2022 was ¥37,429,929.90, a substantial increase from ¥2,942,355.45 in Q1 2021[29] - The company’s total cash and cash equivalents decreased by ¥24,172,687.37 in Q1 2022, contrasting with an increase of ¥39,476,383.00 in Q1 2021[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,392,577,026.18, down 1.60% from CNY 1,415,285,751.14 at the end of the previous year[4] - Total current assets at the end of Q1 2022 were CNY 1,003,564,908.79, slightly down from CNY 1,020,730,996.01 at the beginning of the year, a decrease of about 1.68%[20] - Total liabilities as of the end of Q1 2022 amounted to CNY 375,028,542.80, down from CNY 435,929,927.49 at the beginning of the year, a reduction of approximately 13.93%[21] - Total assets at the end of Q1 2022 were CNY 1,392,577,026.18, compared to CNY 1,415,285,751.14 at the beginning of the year, a decrease of about 1.60%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,425[10] - The total number of shares repurchased by the company as of March 31, 2022, is 3,172,600, accounting for 1.48% of the total share capital[11] - The company has a total of 41,327,146 restricted shares at the end of the reporting period, with 30,000 shares released during the period[14] Expenses - Total operating costs for Q1 2022 were CNY 181,708,840.33, up from CNY 175,405,132.01 in Q1 2021, indicating an increase of about 3.67%[24] - Research and development expenses for Q1 2022 were CNY 23,809,828.43, up from CNY 19,275,810.11 in Q1 2021, indicating an increase of about 23.73%[24] - The financial expenses increased by 354.44% compared to the same period last year, mainly due to unrecognized financing costs[8] Inventory and Prepayments - Inventory increased to CNY 269,409,964.59 at the end of Q1 2022 from CNY 248,719,918.41 at the beginning of the year, an increase of approximately 8.27%[20] - The company reported a 190.21% increase in prepayments, primarily due to unsettled advance payments for goods[8] Equity and Returns - The company's equity attributable to shareholders increased by 3.90% to CNY 1,017,548,483.38 from CNY 979,355,823.65[4] - The basic earnings per share rose to CNY 0.16, a 6.67% increase from CNY 0.15 in the previous year[4] - The weighted average return on equity decreased to 3.17%, down 0.52% from 3.69% year-on-year[4]

Financial Performance - The company's revenue for Q1 2022 was CNY 207,092,988.61, representing a 3.36% increase compared to CNY 200,353,262.99 in the same period last year[4] - Net profit attributable to shareholders was CNY 31,526,052.10, up 2.35% from CNY 30,801,483.70 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 207,092,988.61, an increase from CNY 200,353,262.99 in Q1 2021, representing a growth of approximately 3.67%[24] - Net profit for Q1 2022 reached CNY 31,526,052.10, compared to CNY 30,801,483.70 in Q1 2021, reflecting a growth of approximately 2.35%[24] - The total comprehensive income for Q1 2022 was ¥24,017,359.66, down from ¥30,391,435.95 in Q1 2021, indicating a decrease of about 21.1%[25] - Basic and diluted earnings per share for Q1 2022 were both ¥0.16, an increase from ¥0.15 in Q1 2021, representing a growth of approximately 6.67%[25] Cash Flow - The net cash flow from operating activities decreased significantly by 509.76%, resulting in a negative cash flow of CNY -61,602,617.27[4] - Cash inflows from operating activities totaled ¥230,543,486.02 in Q1 2022, compared to ¥205,618,864.57 in Q1 2021, marking an increase of about 12.09%[28] - The net cash flow from operating activities for Q1 2022 was -¥61,602,617.27, a significant decline from ¥15,033,727.55 in Q1 2021[28] - Cash outflows from investing activities were ¥96,966,555.28 in Q1 2022, compared to ¥165,911,770.81 in Q1 2021, showing a decrease of approximately 41.5%[29] - The net cash flow from investing activities for Q1 2022 was ¥37,429,929.90, a substantial increase from ¥2,942,355.45 in Q1 2021[29] - The company’s cash flow from financing activities was ¥21,500,300.00 in Q1 2022, which is a new entry as there were no cash inflows reported in Q1 2021[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,392,577,026.18, down 1.60% from CNY 1,415,285,751.14 at the end of the previous year[4] - Total current assets at the end of Q1 2022 amounted to CNY 1,003,564,908.79, a slight decrease from CNY 1,020,730,996.01 at the beginning of the year[20] - Total liabilities as of the end of Q1 2022 were CNY 375,028,542.80, down from CNY 435,929,927.49 at the beginning of the year, showing a reduction of about 13.93%[21] - The company's cash and cash equivalents decreased to CNY 105,948,643.27 from CNY 115,238,570.87, a decline of approximately 8.25%[19] - Inventory increased to CNY 269,409,964.59 from CNY 248,719,918.41, representing a growth of about 8.09%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,425[10] - As of March 31, 2022, the total number of shares repurchased by Anke Rui Electric Co., Ltd. is 3,172,600, accounting for 1.48% of the total share capital[11] - The company has a total of 41,327,146 restricted shares at the end of the reporting period, with 30,000 shares released during the period[14] Expenses - Total operating costs for Q1 2022 were CNY 181,708,840.33, up from CNY 175,405,132.01 in Q1 2021, indicating an increase of about 3.67%[24] - Research and development expenses for Q1 2022 were CNY 23,809,828.43, compared to CNY 19,275,810.11 in Q1 2021, indicating an increase of approximately 23.93%[24] - Financial expenses surged by 354.44%, mainly due to increased unrecognized financing costs during the reporting period[8] Equity - The company's equity attributable to shareholders increased by 3.90% to CNY 1,017,548,483.38 from CNY 979,355,823.65[4] - The weighted average return on equity decreased to 3.17%, down 0.52% from 3.69% year-on-year[4] - The company's capital reserve increased to CNY 128,552,937.15 from CNY 125,127,787.08, showing a growth of approximately 1.93%[21] - The net profit attributable to the parent company for Q1 2022 was ¥31,526,052.10, compared to ¥30,801,483.70 in Q1 2021, reflecting an increase of approximately 2.34%[25] - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of -¥7,508,692.44 in Q1 2022, compared to -¥410,047.75 in Q1 2021[25]

Financial Performance - The company's revenue for Q1 2022 was CNY 207,092,988.61, representing a 3.36% increase compared to CNY 200,353,262.99 in the same period last year[4] - Net profit attributable to shareholders was CNY 31,526,052.10, up 2.35% from CNY 30,801,483.70 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 207,092,988.61, an increase from CNY 200,353,262.99 in Q1 2021, representing a growth of approximately 3.67%[24] - Net profit for Q1 2022 reached CNY 31,526,052.10, compared to CNY 30,801,483.70 in Q1 2021, reflecting a growth of approximately 2.35%[24] - The total comprehensive income for Q1 2022 was ¥24,017,359.66, down from ¥30,391,435.95 in Q1 2021, indicating a decrease of about 21.1%[25] - Basic and diluted earnings per share for Q1 2022 were both ¥0.16, compared to ¥0.15 in Q1 2021, reflecting an increase of approximately 6.67%[25] Cash Flow - The net cash flow from operating activities decreased significantly by 509.76%, resulting in a negative cash flow of CNY -61,602,617.27[4] - Cash inflows from operating activities amounted to ¥230,543,486.02, compared to ¥205,618,864.57 in the previous year, showing an increase of about 12.09%[28] - The net cash flow from operating activities was negative at -¥61,602,617.27, a significant decline from a positive ¥15,033,727.55 in Q1 2021[28] - Cash outflows from operating activities totaled ¥292,146,103.29, up from ¥190,585,137.02 in the previous year, indicating an increase of approximately 53.3%[28] - The net cash flow from investing activities was ¥37,429,929.90, a substantial increase from ¥2,942,355.45 in Q1 2021[29] - Cash and cash equivalents at the end of Q1 2022 were CNY 105,948,643.27, down from CNY 115,238,570.87 at the beginning of the year, a decrease of about 8.00%[20] Assets and Liabilities - Total assets increased by 10.77% to CNY 1,392,577,026.18 from CNY 1,257,198,152.78 at the end of the previous year[4] - Total current assets at the end of Q1 2022 were CNY 1,003,564,908.79, a slight decrease from CNY 1,020,730,996.01 at the beginning of the year, down by about 1.68%[20] - Total liabilities as of the end of Q1 2022 were CNY 375,028,542.80, down from CNY 435,929,927.49 at the beginning of the year, representing a decrease of approximately 13.93%[21] - Total assets at the end of Q1 2022 amounted to CNY 1,392,577,026.18, a decrease from CNY 1,415,285,751.14 at the beginning of the year, down by about 1.60%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,425[10] - The total number of shares repurchased by the company as of March 31, 2022, is 3,172,600, accounting for 1.48% of the total share capital[11] - The company has a total of 41,327,146 restricted shares at the end of the reporting period, with 30,000 shares released during the period[14] Expenses - Total operating costs for Q1 2022 were CNY 181,708,840.33, up from CNY 175,405,132.01 in Q1 2021, indicating an increase of about 3.67%[24] - Research and development expenses for Q1 2022 were CNY 23,809,828.43, an increase from CNY 19,275,810.11 in Q1 2021, indicating a growth of approximately 23.8%[24] - Financial expenses surged by 354.44% compared to the same period last year, mainly due to increased unrecognized financing costs[8] Other Information - The company reported a 190.21% increase in prepayments, primarily due to unsettled advance payments for goods[8] - The company reported a decrease in other comprehensive income after tax, amounting to -¥7,508,692.44, compared to -¥410,047.75 in the previous year[25] - The company did not conduct an audit for the Q1 2022 report[30]

Financial Performance - The company's operating revenue for 2021 was ¥1,016,982,797.32, representing a 41.49% increase compared to ¥718,747,942.92 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥170,065,171.68, a 40.04% increase from ¥121,439,043.47 in 2020[22]. - The net cash flow from operating activities improved significantly to ¥112,476,566.39, a 353.34% increase from -¥44,396,950.91 in 2020[22]. - The total assets at the end of 2021 reached ¥1,415,285,751.14, up 22.74% from ¥1,153,055,159.01 at the end of 2020[22]. - The company reported a basic earnings per share of ¥0.84 for 2021, which is a 40.00% increase from ¥0.60 in 2020[22]. - The weighted average return on equity for 2021 was 19.10%, an increase of 3.22% from 15.88% in 2020[22]. - The company achieved a significant increase in revenue, reporting a total of 1.2 billion CNY for the year, representing a growth of 15% compared to the previous year[72]. - The company reported a net profit attributable to shareholders of ¥34,210,120 for Q4 2021, compared to ¥9,133,691 in Q4 2020[86]. - The company achieved operating revenue of 1,016.98 million yuan, a year-on-year increase of 41.49%[77]. - The net profit attributable to shareholders was 170.07 million yuan, reflecting a growth of 40.04% compared to the previous year[77]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 2.00 RMB per 10 shares (including tax) based on a total of 211,627,525 shares[8]. - The total distributable profit for the year was 544,621,133.30 CNY, with the cash dividend amounting to 92,729,932 CNY, representing 100% of the profit distribution total[189]. - The company has a cash dividend policy that mandates at least 15% of the distributable profit to be distributed as cash dividends if there are no major investment plans or cash expenditures[186]. - The proposed cash dividend for the current year is 2.00 CNY per share (including tax), with a total cash dividend amounting to 42,325,505 CNY based on 211,627,525 shares[189]. Research and Development - The company is committed to maintaining a strong focus on R&D to improve its core competitiveness and adapt to market changes[6]. - The company increased its R&D expenditure by 48.78% year-on-year, emphasizing innovation as a key development focus[78]. - Research and development (R&D) investment amounted to ¥112,448,807.18 in 2021, representing 11.06% of total revenue, up from 10.52% in 2020[104]. - The number of R&D personnel increased by 21.02% from 333 in 2020 to 403 in 2021, with the proportion of R&D staff rising from 33.70% to 50.56%[104]. - The company has developed a long-term R&D plan that combines independent innovation with collaboration with universities and research institutions[44]. - The company is investing 100 million CNY in R&D for innovative lighting technologies over the next two years, aiming to improve energy efficiency by 30%[72]. Market Expansion and Strategy - The company plans to accelerate new product development and market expansion to increase market share and reduce idle capacity risks[8]. - The company is focusing on the enterprise microgrid sector, which is expected to grow due to the push for carbon neutrality and energy efficiency[32]. - The company is actively expanding its overseas market presence, leveraging internet tools and cloud platforms to provide tailored solutions in response to market demands[61]. - The company plans to expand its market presence by entering three new provinces in China, aiming for a 10% market share increase in these regions[73]. - A strategic acquisition of a local competitor is in progress, which is expected to increase the company's market share by 5%[74]. - The company is focusing on sustainability initiatives, with a goal to reduce carbon emissions by 20% by 2025 through improved manufacturing processes[72]. Risk Management - The company faces risks related to declining gross margins due to rising labor and R&D costs, and plans to enhance market and R&D investments to mitigate this risk[6]. - The company acknowledges the risk of increasing accounts receivable due to its growing scale and system solution offerings, and is taking measures to mitigate this risk[7]. - The company is implementing a robust accounts receivable policy to manage liquidity risks associated with longer project acceptance cycles[7]. - The company has established a risk management framework to identify and respond to risks in procurement, including tracking delivery progress and maintaining safety stock for long lead-time materials[55]. - The company faces macroeconomic risks that could impact its operations due to fluctuations in national economic policies and industry directions[128]. - The energy internet industry is subject to various regulations, and any slowdown in industry growth or market demand could adversely affect the company's performance[129]. Product Development and Innovation - The company has completed the development of a wireless prepaid energy meter, enhancing market competitiveness[99]. - The company is in the prototype stage for a fault arc detector, aiming to improve product competitiveness in various application scenarios[101]. - The company has initiated the development of a modular intelligent communication gateway, which is expected to enhance inventory management[101]. - The company has completed a safety power management platform tailored for the banking sector, addressing specific safety needs[101]. - The company has seen stable growth in annual sales, net profit, production volume, and customer numbers since its establishment, driven by increased R&D investment and innovation[36]. - The company has a robust pipeline of new products, including various emergency lighting systems, with certifications indicating a proactive approach to meeting market demands[71]. Corporate Governance - The company maintained a strict separation from its controlling shareholder in terms of personnel, assets, and financial independence[140]. - The board of directors consists of 7 members, including 4 independent directors, complying with legal requirements[141]. - The company has established a complete and independent financial management system, ensuring independent decision-making[149]. - The company actively engages with investors through various communication channels, ensuring transparency and protecting minority shareholders' rights[145]. - The company has implemented a robust internal control system to enhance operational efficiency and compliance[138]. - The management team includes professionals with extensive backgrounds in engineering and finance, enhancing the company's operational capabilities[158]. Employee Management and Incentives - The company has implemented employee stock ownership and incentive plans to attract and retain talent[81]. - The company provides various benefits, including meals, holiday benefits, and annual health check-ups[182]. - A stock incentive policy is in place for outstanding employees to enhance motivation and retention[183]. - The company’s employee stock ownership plan is designed to enhance employee engagement and align their interests with the company's performance[199]. - The total number of employees at the end of the reporting period is 797, with 311 in the parent company and 486 in major subsidiaries[177]. - The company has a salary policy that combines individual and team performance to share the benefits of company growth, promoting talent retention and attraction[179].

Financial Performance - The company's operating revenue for Q3 2021 was ¥265,986,728.85, representing a 25.13% increase year-over-year, while the year-to-date revenue reached ¥738,769,950.16, up 41.19% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥42,570,113.69, a decrease of 5.44% year-over-year, with year-to-date net profit at ¥135,855,046.30, an increase of 20.97%[3]. - Total operating revenue for the current period reached ¥738,769,950.16, a significant increase of 41.2% compared to ¥523,239,648.18 in the previous period[28]. - Net profit for the current period was ¥135,855,046.30, representing a 21.0% increase from ¥112,305,352.42 in the previous period[30]. - Total comprehensive income for the current period was ¥135,547,786.91, up from ¥111,708,828.81 in the previous period, indicating a growth of 21.4%[31]. - The company reported a basic and diluted earnings per share of ¥0.67, compared to ¥0.55 in the previous period, reflecting a 21.8% increase[31]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥109,867,311.70, showing a significant increase of 543.18%[3]. - The net cash flow from operating activities was ¥109,867,311.70, a turnaround from a negative cash flow of ¥24,790,592.65 in the prior period[34]. - The company generated ¥674,865,001.36 in cash inflows from operating activities, compared to ¥583,786,970.88 in the prior period, an increase of 15.6%[34]. - Cash and cash equivalents increased by 37.72% compared to the beginning of the year, mainly due to improved cash collection[7]. - Cash and cash equivalents at the end of the period were ¥67,717,047.79, down from ¥132,725,164.28 at the end of the previous period[35]. - Total assets at the end of Q3 2021 were ¥1,320,201,236.13, reflecting a 14.50% increase from the end of the previous year[3]. - The company's current assets amounted to ¥974,251,206.24, up from ¥823,516,365.00, indicating a year-over-year increase of about 18.3%[25]. Liabilities and Equity - Total liabilities as of September 30, 2021, were ¥428,050,002.23, compared to ¥336,882,021.37 at the end of 2020, representing an increase of about 27.0%[26]. - The company’s total equity attributable to shareholders increased by 9.31% to ¥892,151,233.90 compared to the end of the previous year[3]. - The company's equity attributable to shareholders reached ¥892,151,233.90, up from ¥816,173,137.64, indicating a growth of approximately 9.3%[27]. Research and Development - The company's R&D expenses increased by 51.36% year-to-date, primarily due to increased investment in research and development[8]. - Research and development expenses increased to ¥64,092,239.23 from ¥44,913,711.08, marking a rise of 42.6%[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,797[10]. - The top 10 shareholders hold significant stakes, with the largest being Zhou Zhong at 18.25% (39,197,988 shares) and Shanghai Qianhang Investment Co., Ltd. at 17.18% (36,900,000 shares)[10]. - The company has repurchased a total of 3,172,600 shares, representing 1.48% of the total share capital, with a total expenditure of RMB 50,404,427.00[16]. - The share repurchase program has a total budget of RMB 100 million, with a minimum of RMB 50 million allocated for the buyback[15]. - The maximum repurchase price is set at RMB 20 per share, with the highest transaction price recorded at RMB 16.07 and the lowest at RMB 15.45[16]. Investment Activities - The company has invested a total of 3,000,000 RMB in a non-principal guaranteed floating income product with a return of 3.55%, yielding 49.02 RMB by the end of the reporting period[19]. - The company has a total of 1,600 million in non-principal floating income financial products maturing in October 2021[21]. - The company plans to launch new low-risk financial products in the upcoming quarters[21]. - The company is focusing on expanding its financial product offerings to enhance revenue streams[21]. - The company is committed to maintaining a low-risk investment strategy while seeking higher returns through diversified financial products[21]. Miscellaneous - The third quarter report of the company is unaudited[36]. - The chairman of the board is Zhou Zhong[37]. - The report was issued on October 21, 2021[37].

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 214.8 million, marking a year-on-year growth of 15%[25]. - The company's operating revenue for the current reporting period is ¥472,783,221.31, representing a 52.18% increase compared to ¥310,674,913.59 in the same period last year[26]. - The net profit attributable to shareholders for the current period is ¥93,284,932.61, up 38.64% from ¥67,285,357.02 year-on-year[26]. - The net profit after deducting non-recurring gains and losses is ¥86,494,492.27, reflecting a 48.66% increase from ¥58,182,865.67 in the previous year[26]. - The net cash flow from operating activities is ¥92,676,574.55, a significant improvement of 296.63% compared to -¥47,132,510.04 in the same period last year[26]. - The total assets at the end of the reporting period amount to ¥1,290,037,479.02, which is an 11.88% increase from ¥1,153,055,159.01 at the end of the previous year[26]. - The basic earnings per share for the current period is ¥0.46, up 39.39% from ¥0.33 in the same period last year[26]. - The company reported a net profit of 600 million CNY for the first half of 2021, up 12% from the same period last year[75]. Cost and Margin Analysis - The gross profit margin has been under pressure due to rising labor and R&D costs, with a noted risk of decline if product innovation and cost control do not improve[6]. - Operating costs increased to ¥253,247,492.40, a rise of 51.99% compared to the previous year, primarily driven by the increase in sales revenue[60]. - The gross profit margin for energy efficiency management products and systems was 45.29%, with a slight decrease of 0.98% year-on-year[64]. - The gross profit margin for user-end smart power meters was 45.67%, showing a minor increase of 0.19% compared to the previous year[64]. Investment and R&D - The company plans to enhance its market and R&D investments, focusing on differentiated product strategies to mitigate gross margin risks[6]. - The company has increased its R&D investment, launching new products and solutions annually, which has laid a solid foundation for revenue growth[45]. - Research and development expenses rose by 70.69% to ¥40,193,660.68, reflecting increased investment in R&D and stock-based compensation costs[62]. - The company is focused on expanding its market reach through innovative product development and strategic partnerships[51]. Market Expansion and Strategy - The company is actively exploring new market segments and accelerating the development of new products to increase market share[8]. - The company is focusing on expanding its overseas market while maintaining a strong online and offline marketing strategy[45]. - The company plans to expand its market presence by increasing investment in new product development and technology innovation[75]. - The company aims to achieve a market share increase of 5% in the next fiscal year through strategic partnerships and collaborations[76]. Accounts Receivable and Cash Flow Management - Accounts receivable have increased due to longer project acceptance cycles, with a focus on improving cash flow and reducing the proportion of accounts receivable to revenue[7]. - The company has implemented a robust accounting policy to manage accounts receivable and minimize bad debt risks[7]. - The company is addressing accounts receivable risks by tightening sales collection assessments and improving credit evaluations to reduce bad debt risks[85]. Shareholder and Equity Information - No cash dividends or stock bonuses will be distributed for the reporting period, as the company aims to reinvest profits into growth initiatives[9]. - The company has implemented a stock incentive plan, repurchasing and canceling 139,500 shares of restricted stock that did not meet unlocking conditions[92]. - The total number of shares decreased from 214,939,625 to 214,800,125, reflecting a reduction of 139,500 shares[127]. - The company reported a profit distribution of 41.243 million yuan to shareholders[178]. Operational Challenges and Risks - The management team is committed to enhancing internal controls and management processes to adapt to the complexities of the expanding organizational structure[5]. - The company faces operational and human resource risks due to the complexity of its expanding organizational structure, which may challenge management's ability to control operational risks[83]. - There is a risk of declining gross margin due to rising labor and R&D costs, prompting the company to enhance market and R&D investments and implement differentiated product strategies[84]. Product Development and Innovation - The company focuses on energy efficiency management systems and smart power meters, integrating hardware production and software development[33]. - The company has launched multiple cloud platform management and big data analysis products, enhancing energy visualization management and data services[33]. - As of June 30, 2021, the company holds 287 patents, including 20 invention patents, indicating strong innovation capabilities[47]. Financial Management and Assets - The company has engaged in various financial management activities, including a total of ¥73,300,000 in entrusted financial management, with no overdue amounts reported[74]. - The total assets of the company as of June 30, 2021, included various land use rights with a total area of 100,000 square meters, acquired through land transfer[61]. - The company has no significant overseas assets or major equity investments during the reporting period[71].

Financial Performance - The company's revenue for Q1 2021 was ¥200,353,262.99, representing a 77.26% increase compared to ¥113,026,384.19 in the same period last year[8]. - Net profit attributable to shareholders was ¥30,801,483.70, up 62.40% from ¥18,966,728.38 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥29,060,472.50, a significant increase of 97.61% compared to ¥14,706,236.60 in the previous year[8]. - Basic earnings per share increased to ¥0.15, up 66.67% from ¥0.09 in the previous year[8]. - The company's operating profit for Q1 2021 was CNY 35,218,878.62, compared to CNY 20,120,078.44 in the previous year, marking an increase of approximately 75.1%[50]. - The total comprehensive income for Q1 2021 was CNY 30,391,435.95, compared to CNY 17,738,159.92 in the prior year, showing a growth of about 71.5%[51]. - The total profit for Q1 2021 was CNY 35,214,554.82, compared to CNY 20,115,084.74 in the previous year, representing an increase of approximately 75.0%[50]. - The company has shown a strong performance in the first quarter, with significant growth in both revenue and profit metrics, indicating a positive outlook for future quarters[51]. Cash Flow - The net cash flow from operating activities was ¥15,033,727.55, a turnaround from a negative cash flow of -¥43,668,073.12 in the same period last year, marking a 134.43% improvement[8]. - The cash flow from operating activities for Q1 2021 was CNY 196,959,167.48, compared to CNY 105,900,274.21 in the previous year, reflecting an increase of about 86.0%[57]. - The total cash and cash equivalents at the end of the period increased to ¥69,038,544.93 from ¥53,450,398.09 year-over-year[59]. - The net cash flow from investment activities was ¥2,942,355.45, a decrease from ¥55,633,234.84 in the previous year[58]. - The cash outflow for investment activities totaled ¥163,201,612.39, compared to ¥235,655,147.80 in the same period last year[62]. - The net increase in cash and cash equivalents for the quarter was ¥39,476,383.00, compared to a decrease of ¥38,127,187.08 in the previous year[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,257,198,152.78, reflecting a 9.03% increase from ¥1,153,055,159.01 at the end of the previous year[8]. - The total liabilities as of March 31, 2021, were ¥297,778,638.83, compared to ¥257,512,550.12 in the previous period, reflecting a 15.6% increase[46]. - The total equity attributable to shareholders reached ¥797,901,329.27, up from ¥761,553,883.25 at the end of 2020[46]. - The company's cash and cash equivalents amounted to CNY 77,218,690.93, up from CNY 49,299,477.03, indicating a significant increase of about 56.67%[40]. - Accounts receivable decreased to CNY 96,127,236.44 from CNY 110,193,367.68, representing a decline of approximately 12.74%[40]. - Inventory increased to CNY 229,750,492.39 from CNY 173,100,419.71, showing a growth of around 32.73%[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,498[12]. - The top shareholder, Zhou Zhong, holds 18.24% of the shares, amounting to 39,197,988 shares[12]. - The fifth phase of the restricted stock incentive plan saw 172,686 shares eligible for unlocking, representing 0.8031% of the total share capital, with 158,686 shares available for trading[24]. - The company has repurchased and canceled 76,000 shares of restricted stock due to non-compliance with unlocking conditions, at a price of 3.83 yuan per share[24]. Research and Development - Research and development expenses increased by 92.89% year-on-year, primarily due to increased R&D investment and stock-based compensation costs[16]. - Research and development expenses for the quarter were ¥19,275,810.11, compared to ¥9,993,148.45 in the same period last year, indicating a 93% increase[49]. - The company is focusing on expanding its market presence and enhancing its product offerings, as indicated by the increase in R&D spending[49]. Operational Strategy - The company plans to enhance internal controls and explore efficient management systems to mitigate operational risks[20]. - The company plans to accelerate new product development and increase market share to mitigate the risk of idle production capacity[21]. - The company is committed to maintaining transparency in its financial dealings and has outlined its obligations clearly in its reports[31]. - The company is closely monitoring external economic changes to adapt its credit policies and minimize liquidity risks[21]. - The company has ongoing commitments related to share transfer limitations, ensuring that no more than 25% of shares held can be transferred during the tenure of the actual controller[31]. Compliance and Commitments - The company has reported that all financial obligations from various banks are being met, with specific amounts and interest rates detailed for each transaction[30]. - The company is in compliance with all regulatory commitments and has not engaged in any unfair related-party transactions[31]. - The company has committed to fulfilling its obligations and has no overdue commitments[33]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[35].

Financial Performance - The company's operating revenue for 2020 was CNY 718,747,942.92, representing a 19.75% increase compared to CNY 600,208,305.71 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 121,439,043.47, a 7.21% increase from CNY 113,273,302.12 in 2019[18]. - The net profit after deducting non-recurring gains and losses was CNY 108,105,843.30, up 16.45% from CNY 92,831,590.53 in 2019[18]. - The company's total assets at the end of 2020 were CNY 1,153,055,159.01, a 2.86% increase from CNY 1,120,955,141.11 at the end of 2019[18]. - The basic earnings per share for 2020 was CNY 0.60, an increase of 11.11% compared to CNY 0.54 in 2019[18]. - The company reported a net cash flow from operating activities of -CNY 44,396,950.91, a significant decrease of 127.19% from CNY 163,273,264.53 in 2019[18]. - The company achieved a total operating revenue of CNY 718.75 million in 2020, representing a year-on-year growth of 19.75%[57]. - Net profit attributable to shareholders reached CNY 121.44 million, an increase of 7.21% compared to the previous year[57]. - The net profit after deducting non-recurring gains and losses was CNY 108.11 million, up 16.45% year-on-year[57]. Investment and R&D - The company plans to enhance its market and R&D investments to implement a differentiated product strategy and improve production efficiency[6]. - The company is committed to enhancing its core competitiveness through improved R&D capabilities and procurement negotiation skills[6]. - The company increased its R&D investment, focusing on user needs and optimizing existing product lines, with a significant emphasis on energy management systems[57]. - Research and development (R&D) expenses for 2020 reached ¥75,580,699.81, a 43.58% increase compared to ¥52,640,566.12 in 2019[80]. - R&D investment accounted for 10.52% of total operating revenue in 2020, up from 8.77% in 2019[82]. - The number of R&D personnel increased to 333, making up 33.70% of the total workforce[82]. - The company plans to increase R&D investment and improve innovation incentive mechanisms to maintain its technological leadership[97]. Market Strategy and Expansion - The company aims to accelerate market expansion and new product development to mitigate potential idle capacity risks from increased fixed assets[7]. - The company is expanding its overseas market presence while maintaining a strong domestic marketing strategy[39]. - The company is responding to market demands by launching more segmented solutions and enhancing service capabilities[39]. - The company has seen a steady increase in its market position within the microgrid industry, reflected in sales revenue and net profit growth[38]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[147]. Product Development and Innovation - The company has developed a complete product ecosystem from cloud platform systems to sensors, focusing on energy efficiency management systems and smart power meters[28]. - The company launched multiple cloud platform management and big data analysis products, enhancing energy visualization management and providing customized solutions[28]. - The company has shifted its product offerings from standard multifunctional power meters to industry-specific microgrid solutions, enhancing product value[38]. - The company is focused on developing centralized control emergency lighting systems, with several products certified in 2023[51]. - The company is committed to expanding its emergency lighting solutions, with multiple new products in the pipeline for certification[51]. Risk Management - The company faces risks related to management complexity as it expands its operations and sales regions, which may challenge its management capabilities[5]. - There is a risk of declining gross profit margins due to rising labor and R&D costs amid intense market competition[6]. - Accounts receivable risks have increased with the expansion of the company's business, necessitating stricter credit assessments and collection efforts[6]. - The company will closely monitor external environmental changes to minimize bad debt risks associated with accounts receivable[6]. - The company emphasizes the importance of internal control improvements and efficient management mechanisms to address operational risks[5]. Shareholder Returns and Dividends - The profit distribution plan approved by the board includes a cash dividend of 2 RMB per 10 shares, based on a total of 214,939,625 shares[7]. - The cash dividend distribution plan includes a cash dividend of 2 RMB per 10 shares, totaling 42,987,925 RMB for the year[106]. - The company has committed to distributing at least 15% of its distributable profits as cash dividends, ensuring shareholder returns[104]. - The total distributable profits for the year amounted to 439,128,248.59 RMB, with cash dividends representing 100% of the profit distribution[106]. - The cash dividends for the past three years show a trend of decreasing payout ratios, from 80.20% in 2019 to 35.40% in 2020[112]. Corporate Governance and Compliance - The company has maintained a governance structure that ensures shareholder rights and information transparency, particularly for minority shareholders[153]. - The company has ongoing commitments to avoid any significant related party transactions that could harm its interests[114]. - The company has not engaged in any major asset or equity sales during the reporting period, indicating stability in its asset management[92][93]. - The company has not faced any delisting situations following the annual report disclosure[122]. - The company has maintained compliance with its commitments to minority shareholders[126]. Financial Management - The company reported a total external guarantee amount of 85 million yuan, with an actual guarantee amount of 50 million yuan, representing 6.13% of the company's net assets[141]. - The company reported a total of 116,700,000 in entrusted financial management funds, with an overdue amount of 26,000,000[144]. - The company has successfully recovered all principal and interest from various financial instruments[148]. - The company has a total of 3,500,000 in entrusted financial management funds with a floating income rate of 3.85%, generating an income of 67.38 million[146]. Management and Personnel - The company has established a stable and professional management and R&D team, continuously enhancing core team strength through talent acquisition and stock incentive measures[47]. - The management team emphasizes innovation and technology development in their strategic initiatives[200]. - The company has implemented a talent strategy that emphasizes employee rights and development through training programs[153]. - The current vice general managers include Zhu Fang and Luo Yelan, both with extensive experience in the company[199].