Financial Performance - The company reported a total revenue of 6.56 billion in 2022, showing a significant increase compared to the previous year[172]. - The company achieved a net profit of 150 million RMB in 2022, an increase of 10% compared to the previous year[26]. - The company reported a net profit margin of 12% for the fiscal year 2022, indicating strong operational efficiency[172]. - The company's operating revenue for 2022 was ¥1,636,680,763, representing an increase of 18.7% compared to ¥1,394,369,500 in 2021[33]. - The net profit attributable to shareholders for 2022 was ¥65,453,119, a decrease of 110% from ¥231,654,648 in 2021[33]. - The company's gross margin improved to 35% in 2022, up from 32% in 2021, due to cost optimization strategies[26]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan in 2022, representing a year-over-year growth of 15%[187]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year increase of 15%[180]. - The company plans to set a revenue guidance of 1.8 billion RMB for the next fiscal year, projecting a growth rate of 20%[180]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[26]. - The company is focused on expanding its market presence and enhancing its product technology to remain competitive in the industry[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[187]. - The company aims to maintain its market share in traditional power equipment while focusing on sales of distribution automation products and energy-efficient transformers[141]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose[180]. - The company has identified key strategic partnerships to enhance its product offerings and market reach[177]. Research and Development - Red Phase is investing 200 million RMB in R&D for new transformer technologies, aiming to launch two new products in 2023[26]. - The company has invested in projects such as "annual production of 1,500 sets of intelligent complete equipment for distribution networks" and "green energy-saving transformer R&D and industrialization projects" to align with the 14th Five-Year Plan[71]. - The company has established a well-established R&D team and platform, recognized as a national enterprise technology center and a "little giant" in specialized and innovative enterprises, indicating its competitive edge in technology[73]. - The company is actively involved in the development of new products and technologies, particularly in the fields of microwave and RF components, which are expected to drive future growth opportunities[74]. - The company is investing in research and development, particularly in machine learning and data analysis technologies[178]. - Research and development (R&D) investment amounted to CNY 87,396,229.80 in 2022, representing 5.34% of operating revenue, down from 7.24% in 2021[112]. Risks and Challenges - The independent directors of the company cannot guarantee the authenticity, accuracy, and completeness of the 2022 annual report due to a disclaimer of opinion issued by the auditing firm, which indicates significant internal control deficiencies[4]. - The company faces risks related to macroeconomic changes and industry policy adjustments, which could negatively impact product demand and operational performance[7]. - The company is at risk of delisting due to the disclaimer of opinion in the audit report, which triggers a warning for potential delisting[13]. - The company has acknowledged uncertainties regarding its ability to continue as a going concern, as indicated in the audit report[35]. - The company faces potential goodwill impairment risks if there are significant adverse changes in the industry, financial policies, or macroeconomic environment affecting profitability[145]. Governance and Compliance - The company has established a transparent performance evaluation system for senior management and implemented a stock incentive plan to enhance employee motivation[157]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and finance[162]. - The company has a strict internal control system in place to ensure compliance with relevant laws and regulations, thereby safeguarding shareholder interests[161]. - The governance structure includes a well-defined shareholder meeting, board of directors, and supervisory board, with a participation rate of 30.60% in the 2021 annual general meeting[169]. - The company has a complete and independent asset structure, with no shared assets with controlling shareholders or their enterprises[167]. Operational Performance - The company has signed a number of long-term fixed orders, but execution risks exist due to potential local policy changes and funding issues[9]. - The company operates in a highly competitive environment, and failure to innovate could lead to loss of customers and market share[10]. - The company has completed the acquisition of a local competitor, enhancing its product offerings and expected to increase revenue by 30 million RMB annually[26]. - The company has established several new subsidiaries in 2022, including Nantong Yinbian New Energy Co., Ltd. and Suzhou Hanpu New Energy Technology Co., Ltd., expanding its operational scope[95][96]. Employee and Management - The total number of employees at the end of the reporting period was 1,576, with 192 in the parent company and 1,384 in major subsidiaries[200]. - The professional composition includes 593 production personnel, 207 sales personnel, 571 technical personnel, 35 financial personnel, and 170 administrative personnel[200]. - The educational background of employees shows 2 with a doctorate, 28 with a master's degree, 613 with a bachelor's degree, 505 with an associate degree, and 428 with a high school education or below[200].

Financial Performance - The company's revenue for Q1 2023 was ¥368,880,337.53, representing a 16.69% increase compared to ¥316,129,853.26 in the same period last year[8] - Net profit attributable to shareholders for Q1 2023 was ¥42,433,687.76, a significant increase of 66.89% from ¥25,426,195.45 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥38,959,829.11, which is a 102.12% increase compared to ¥19,275,726.86 in the same period last year[8] - The basic earnings per share for Q1 2023 was ¥0.1173, up 66.15% from ¥0.0706 in the previous year[8] - Operating profit for the quarter was ¥52,288,912.26, representing a 66.0% increase from ¥31,506,700.41 in the same period last year[34] - The total profit for Q1 2023 was ¥52,385,347.19, an increase of 66.1% compared to ¥31,521,235.22 in Q1 2022[35] - The net profit attributable to the parent company was ¥42,433,687.76, up 67.0% from ¥25,426,195.45 in the same period last year[35] - The basic and diluted earnings per share for Q1 2023 were both ¥0.1173, compared to ¥0.0706 in Q1 2022, reflecting a 66.1% increase[35] - The total comprehensive income for Q1 2023 was ¥42,862,757.12, compared to ¥23,445,561.32 in Q1 2022, reflecting an increase of 82.9%[35] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥4,266,605,187.31, reflecting a 1.02% increase from ¥4,223,587,405.64 at the end of the previous year[8] - The total liabilities at the end of the reporting period amounted to 2,550.82 million, showing a slight increase of 0.01% from the beginning of the year[16] - Current liabilities decreased to ¥1,592,428,535.39 from ¥1,710,909,225.55, a reduction of 6.9%[31] - Non-current liabilities increased to ¥958,392,932.73, up 14.1% from ¥839,759,695.88 at the start of the year[31] - The total equity attributable to shareholders rose to ¥1,704,338,604.06, an increase of 2.8% from ¥1,657,849,165.13[31] - The total owner's equity at the end of the reporting period was 1,715.78 million, an increase of 2.56% from the beginning of the year[17] Cash Flow - The net cash flow from operating activities was -¥96,843,152.21, a decline of 26.86% compared to -¥76,340,509.85 in the same period last year[8] - Cash inflow from operating activities totaled ¥379,760,565.77, a rise of 28.4% from ¥295,822,284.72 in the previous year[37] - Cash inflow from financing activities was ¥265,080,000.00, significantly higher than ¥104,400,000.00 in the same quarter last year, marking an increase of 153.1%[38] - The net cash flow from financing activities improved to ¥106,127,047.59 from ¥40,598,562.09 in Q1 2022, an increase of 161.5%[38] Shareholder Information - The company reported a total of 25,116,715 shares held by the largest shareholder, accounting for 6.94% of the total shares[25] - The top 10 shareholders collectively hold 86,820,304 shares, representing 24.00% of the company's total equity[25] - The company has a total of 38,495,419 restricted shares, with no changes during the reporting period[27] - The largest shareholder, Yang Baotian, holds 59,780,469 shares, making him the actual controller of the company[25] - The company has a total of 19,896,653 shares held by Guangzhou Kangqi Asset Management Center, which is a significant shareholder[25] Operational Insights - The company received government subsidies amounting to ¥4,256,266.89, which are closely related to its normal business operations[10] - The company reported a credit impairment loss of ¥28,692,723.02, significantly higher than ¥3,993,199.87 in the previous period[34] - The company's financial expenses rose to 18.44 million, an increase of 8.70% year-on-year, with interest expenses contributing significantly to this rise[18] - The cash flow from operating activities showed a net outflow of 96.84 million, a decrease of 26.86% compared to the previous year[22] - The company's long-term borrowings increased by 112.65 million, a growth of 50.98%, primarily due to increased bank loans during the reporting period[18] - The contract liabilities increased by 58.75 million, a rise of 51.07%, mainly due to an increase in advance payments received during the reporting period[16] - The company's other receivables increased by 16.14 million, a growth of 50.16%, attributed to higher payments for standby funds and deposits[18] Future Outlook - The company has not disclosed any new product developments or technological advancements in this report[29] - The company has not reported any market expansion or acquisition strategies in this quarter[29] - The company has not indicated any future performance guidance or outlook in this report[29]

编号：20220510 □特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 投资者关系活 动类别 □现场参观 其他 厦门辖区上市公司2021年年报业绩说明会暨投资者网上集体接 待日活动 线上参与厦门辖区上市公司 2021 年年报业绩说明会暨投资者网上集体 参与单位名称 及人员姓名 接待日活动的投资者 1 证券代码：300427 证券简称：红相股份 债券代码：123044 债券简称：红相转债 红相股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------|-------------------------------------------|--------------------------------------------------------------------------------------------------------------------------| | | | | | | 时间 | 14:30-16:00 | | | 地点 | 通过全景网"投资者关系互动平台"（ http://ir.p5w.net ）网络远程方式 ...

红相股份有限公司 2022 年第三季度报告 证券代码：300427 证券简称：红相股份 公告编号：2022-096 债券代码：123044 债券简称：红相转债 红相股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 586,546,927.83 | 84.21% | 1,323,590,751.48 | 41.54% | | 归属于上市公司股东 | 27,489,451.93 | 64.64% | 76,543,383.61 | -12.09% | | 的净利润（元） | | | | | | 归属于上市公司股东 的扣除非经常性损益 | 22,081,174.81 | 210.26% | 58,157,718.10 | 24.66% | | 的净利润（元） | ...

Financial Performance - The company's revenue for the reporting period reached ¥737,035,858.96, representing a 19.50% increase compared to ¥616,756,916.77 in the same period last year[27]. - Net profit attributable to shareholders decreased by 30.26% to ¥49,053,659.17 from ¥70,338,198.31 year-on-year[27]. - The net profit after deducting non-recurring gains and losses fell by 45.86% to ¥36,076,987.62 from ¥66,635,056.78 in the previous year[27]. - The net cash flow from operating activities was negative at -¥172,430,587.32, worsening by 95.96% compared to -¥87,992,145.92 in the same period last year[27]. - Total assets increased by 1.47% to ¥3,943,876,582.73 from ¥3,886,816,929.87 at the end of the previous year[27]. - The net assets attributable to shareholders rose by 2.95% to ¥1,743,053,063.30 from ¥1,693,123,494.12 at the end of the previous year[27]. - The company's operating revenue for the first half of 2022 was 531,171,063.11 CNY, an increase of 45.00% compared to the same period last year[74]. - Operating costs rose to 531,171,063.11 CNY, up by 45.00%, primarily due to increased revenue and changes in product structure, leading to a decline in overall gross profit margin[74]. - The gross profit margin for power detection and equipment products was 27.00%, down by 8.66% from the previous year[77]. Market and Industry Position - The company's products are primarily used in strategic sectors such as electricity, rail transportation, and military, which are closely tied to national macroeconomic conditions and industrial policies[3]. - The company is focusing on the power industry, which is experiencing strong demand for differentiated maintenance strategies due to the increasing reliance on electricity[35]. - The company is positioned to benefit from the ongoing transition towards renewable energy and the modernization of the power grid, as outlined in national policies[36][38]. - The company has identified significant market opportunities in the military sector, particularly in microwave mixed integrated circuits, driven by national defense upgrades[39]. - The military industry is expected to see a compound growth rate exceeding 30% over the next two years due to stable military spending and increased demand for consumable military products[41]. - The integration of military and civilian sectors is a national strategy, providing significant growth opportunities for private enterprises with strong R&D capabilities[42]. - The company operates in three main business segments: electric power detection, railway and urban rail traction power supply equipment, and military electronics, ensuring synergistic development[51]. Risks and Challenges - The company faces risks related to long accounts receivable cycles due to its major clients being large state-owned enterprises and some overseas customers, potentially impacting liquidity[4]. - The company acknowledges the risk of intensified industry competition as economic growth may attract more competitors, necessitating continuous innovation in technology and services[6]. - The company faces risks related to macroeconomic changes and industry policy shifts, which could impact product demand in strategic sectors like power and military[101]. - There is a significant risk of product quality control, as the company serves large state-owned enterprises that demand high reliability and stability in products[102]. - The company has a high level of accounts receivable due to long collection cycles from major clients, which may affect liquidity if not managed properly[102]. Research and Development - The company has established a well-established R&D team and has formed a robust technical system for power equipment status detection, contributing to its competitive advantage[65]. - The company has obtained 68 invention patents, 189 utility model patents, and 158 software copyrights, enhancing its technological capabilities[68]. - Research and development expenses decreased by 13.24% to 39,345,689.13 CNY compared to the previous year[74]. - Research and development expenses increased by 30% year-on-year, totaling 150 million yuan, to support new technology initiatives[141]. Corporate Governance and Social Responsibility - The company has established a sound corporate governance structure, ensuring clear responsibilities and coordination among shareholders, the board of directors, the supervisory board, and management[117]. - The company actively participates in social responsibility initiatives, including a consumption poverty alleviation activity where its subsidiary purchased oranges worth 20,000 yuan from a village in Hubei Province[119]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[95][96][97]. - The company has not reported any significant environmental violations or penalties, adhering to relevant environmental laws and regulations[116]. Future Outlook and Strategic Plans - The company plans to implement a stock incentive plan, granting 6.868 million restricted shares at a price of 7.17 per share to 194 employees[113]. - The company expects a revenue growth of 10% for the second half of 2022, projecting total revenue to reach approximately 1.375 billion yuan[141]. - The company is actively pursuing market expansion, targeting a 10% increase in market share within the next year[149]. - A strategic acquisition of a local competitor is planned, which is expected to enhance operational efficiency and increase market penetration[141]. Shareholder Information - The total number of shares held by the largest individual shareholder, Zhang Qing, is 4,735,749 shares[165]. - The company has a total of 360,224,000 shares, with 100% ownership by shareholders[161]. - The total number of shares held by the chairman after the reduction is 20,279,876[164]. - The company has a lock-up period for individual shareholders from October 13, 2017, to October 13, 2022, with a gradual release of shares based on specific percentages[165].

Financial Performance - The company reported a total revenue of CNY 139,436.96 million for 2021, a decrease of 8.02% compared to the previous year[4]. - Operating profit was recorded at CNY -63,831.09 million, a decline of 352.10% year-on-year, representing a reduction of CNY 89,150.91 million[4]. - The net profit attributable to shareholders was CNY -63,584.95 million, down 374.48% from the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -68,016.68 million, a decrease of 441.04% year-on-year[4]. - The company's operating revenue for 2021 was ¥1,394,369,586.11, a decrease of 8.02% compared to ¥1,515,992,751.11 in 2020[27]. - The net profit attributable to shareholders was -¥635,849,527.03, representing a decline of 374.48% from ¥231,654,648.29 in the previous year[27]. - The net cash flow from operating activities was ¥231,164,732.47, a decrease of 30.63% compared to ¥333,243,740.15 in 2020[27]. - The total assets at the end of 2021 were ¥3,886,816,929.87, a reduction of 21.15% from ¥4,929,273,088.03 at the end of 2020[27]. - The net assets attributable to shareholders decreased by 28.96% to ¥1,693,123,494.12 from ¥2,383,318,221.84 in 2020[27]. - The basic earnings per share for 2021 was -¥1.77, a decline of 372.31% from ¥0.65 in 2020[27]. - The weighted average return on equity was -30.17%, down 40.21% from 10.04% in the previous year[27]. - The company reported a significant uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profits over the last three accounting years[27]. Investment and Growth Opportunities - The company anticipates significant growth in the military industry, with a projected compound annual growth rate exceeding 30% over the next two years due to increased defense spending[43]. - The military modernization efforts will drive demand for microwave hybrid integrated circuits, which are crucial for communication, radar, and electronic warfare systems[42]. - The investment in the power grid construction during the "14th Five-Year Plan" period is projected to reach approximately ¥670 billion, with a significant portion allocated to distribution network construction[39]. - The company is actively expanding into the new energy sector, targeting rapid growth in Jiangsu, Jiangxi, and Guangdong provinces[66]. - The company aims to enhance overall operational capabilities through the supplementary working capital project, which has been fully funded at RMB 17.5 million[124]. - The company plans to focus on upgrading older military equipment to enhance their capabilities, which will also benefit the market for military microwave hybrid integrated circuits[44]. Risks and Challenges - The company faces risks related to macroeconomic changes, which could impact demand for its products in strategic sectors like power and rail transportation[6]. - The competitive landscape in the power and rail sectors is intensifying, posing risks to market share if the company fails to innovate[9]. - The company has significant goodwill from acquisitions, which may be subject to impairment if market conditions worsen[10]. - The company is experiencing risks related to product quality control, especially as it scales production and upgrades products, which could impact its market reputation[138]. - The company has a high level of accounts receivable due to long collection cycles from major state-owned clients, which could affect liquidity if not managed properly[138]. - The company is monitoring the impact of the COVID-19 pandemic on raw material procurement and project implementation, with strategies in place to enhance market competitiveness[140]. Research and Development - The company’s R&D expenses increased by 4.78% to ¥10.27 million, reflecting ongoing investment in innovation[75]. - The company has obtained 64 invention patents, 170 utility model patents, and 137 software copyrights, indicating a strong focus on innovation[69]. - The company achieved breakthroughs in UHF sensor technology, reducing production costs and enhancing product performance for smart power IoT applications[98]. - Continuous research and development efforts are aimed at enhancing the technical performance of products, solidifying the company's competitive advantage in the market[98]. - The company is focusing on lightweight and intelligent algorithms for OLTC detection, improving operational reliability and maintenance efficiency[98]. Corporate Governance - The company has established a robust corporate governance structure, complying with relevant laws and regulations to ensure effective management and oversight[143]. - The company held one annual general meeting and three extraordinary general meetings during the reporting period, ensuring equal rights for all shareholders[144]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and finances, ensuring autonomous management[151]. - The company is committed to maintaining a robust internal control and financial reporting system, as highlighted by the qualifications of its independent directors[161]. - The board of directors held multiple meetings throughout the year, with significant resolutions announced on February 4, March 3, and March 22, 2021[178]. Market Position and Strategy - The company is positioned in the power industry, which is experiencing strong demand for differentiated maintenance strategies due to the increasing reliance on electricity across various sectors[37]. - The company is focused on expanding its market presence and enhancing its product offerings, as indicated by the diverse backgrounds of its board members in technology and finance[158][159]. - The company aims to leverage its leadership's diverse expertise to drive growth and operational efficiency in the coming years[158][159]. - The company plans to continue its strategic initiatives, including potential mergers and acquisitions, to enhance market position[182]. - The company is actively involved in the energy sector, with its leadership team having extensive experience in electrical engineering and power systems[165].

Financial Performance - The company's revenue for Q1 2022 was ¥316,129,853.26, representing a 15.13% increase compared to ¥274,582,108.92 in the same period last year[5] - Net profit attributable to shareholders decreased by 11.60% to ¥25,426,195.45 from ¥28,763,822.15 year-on-year[5] - Basic and diluted earnings per share were both ¥0.0706, down 11.64% from ¥0.0799 in the same period last year[5] - Operating revenue increased by 41.54 million yuan, a growth of 15.13% compared to the same period last year[14] - Operating costs rose by 54.15 million yuan, an increase of 33.09% year-on-year[14] - Net profit attributable to shareholders decreased by 33.38 million yuan, down 11.60% from the previous year[14] - Total operating revenue for Q1 2022 was CNY 316,129,853.26, an increase of 15.1% compared to CNY 274,582,108.92 in Q1 2021[35] - Net profit for Q1 2022 was CNY 23,420,416.33, a decrease of 8.5% from CNY 25,605,907.67 in Q1 2021[37] - The total comprehensive income attributable to the parent company was CNY 25,451,340.44, down from CNY 28,756,876.77 in the previous period, representing a decrease of approximately 8.0%[38] - The company’s total comprehensive income decreased by approximately 8.8% from the previous period[38] Cash Flow - The net cash flow from operating activities was negative at -¥76,340,509.85, a decline of 290.04% compared to ¥40,170,795.73 in the previous year[5] - Cash flow from operating activities showed a net outflow of 76.34 million yuan, a decrease of 290.04% compared to the same period last year[15] - Cash inflow from operating activities totaled CNY 295,822,284.72, while cash outflow was CNY 372,162,794.57, resulting in a net cash outflow of CNY 76,340,509.85[41] - The net cash flow from investing activities was CNY -38,529,838.19, an improvement from CNY -82,351,657.15 in the previous period[41] - Cash inflow from financing activities was CNY 104,400,000.00, an increase from CNY 96,503,800.43 in the previous period, while cash outflow was CNY 63,801,437.91, down from CNY 172,440,665.06[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,905,790,632.32, a slight increase of 0.49% from ¥3,886,816,929.87 at the end of the previous year[5] - The total liabilities for Q1 2022 were CNY 2,193,098,230.33, slightly down from CNY 2,197,572,082.37 in Q1 2021[33] - The company's cash and cash equivalents amounted to ¥659,744,110.79, a decrease from ¥735,782,837.24 at the beginning of the year[31] - The company's cash and cash equivalents increased to CNY 2,380,023,726.07 in Q1 2022, compared to CNY 2,366,851,048.49 in Q1 2021[34] Shareholder Information - The company reported a total of 86,820,304 shares, representing 24.10% of the total share capital, held by the actual controller[21] - The top 10 shareholders do not have any related party relationships with the company's controlling shareholders[21] - The company has a total of 20,279,876 restricted shares held by Yang Cheng, which will be released at a rate of 25% annually[23] - The company has 6,148,468 restricted shares held by Wu Zhiyang, also subject to a 25% annual release[23] - The company has 5,490,158 restricted shares held by Yang Li, with the same 25% annual release condition[23] - The company has a total of 759,840 restricted shares held by Hefei Xingrui Equity Investment Partnership, with a release date set for October 13, 2022[24] - The company has a total of 333,168 restricted shares held by He Dongwu, subject to a 25% annual release[24] Research and Development - The company’s technology center was recognized as a national enterprise technology center in 2021, enhancing its research and development capabilities[29] - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[29] - The company is committed to maintaining its status as a leading technology center, which is expected to drive innovation and competitive advantage[29] Management and Strategy - On February 25, 2022, the controlling shareholder transferred 25,215,694 shares to a private fund, which did not result in a change of control[28] - The share transfer agreement was completed on March 23, 2022, ensuring continuity in the company's management structure[28] - The company is actively pursuing new strategies for market expansion and product development to enhance shareholder value[29]

证券代码：300427 证券简称：红相股份 公告编号：2022-032 债券代码：123044 债券简称：红相转债 红相股份有限公司 关于举行 2021 年度网上业绩说明会暨参加厦门辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 红相股份有限公司（以下简称"公司"或"红相股份"）2021 年年度报告 及其摘要已于 2022 年 4 月 28 日在中国证监会指定信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）上披露。 为进一步加强与投资者的交流沟通，便于广大投资者更全面深入地了解公司 的发展战略与经营情况，公司决定以网络远程的方式举行业绩说明会，并参加由 厦门证监局指导，厦门上市公司协会与深圳市全景网络有限公司联合举办的 "2021 年年报业绩说明会暨投资者网上集体接待日活动"。现将有关事项公告 如下： 本次活动将采用网络远程的方式举行，届时投资者可登录"全景•路演天下" （http://rs.p5w.net）参与本次 2021 年年报业绩说明会暨投资者网上集体接待日 活动。活动时间为 2 ...

Financial Performance - The company's revenue for Q3 2021 was ¥318,409,205.17, a decrease of 6.99% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥16,697,126.40, down 74.52% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was -¥20,027,089.84, a decline of 139.55% compared to the previous year[3]. - The company's operating revenue for the first nine months of 2021 was CNY 93,515.21 million, a decrease of 9.84% compared to the same period in 2020[16]. - The net profit attributable to shareholders for the first nine months of 2021 was CNY 8,707.46 million, down 61.35% year-on-year[17]. - The company reported a basic earnings per share of ¥0.0464, down 74.62% year-on-year[3]. - The weighted average return on net assets was 0.69%, a decrease of 2.15% compared to the previous year[3]. - The net profit for Q3 2021 was CNY 81,318,002.24, a decrease of 63.2% compared to CNY 221,015,328.12 in the same period last year[39]. - The operating profit for Q3 2021 was CNY 105,532,136.05, down 59.0% from CNY 257,763,620.76 in Q3 2020[39]. - The company reported a total comprehensive income of CNY 81,186,867.73, significantly lower than CNY 221,017,361.40 in the same quarter last year[40]. - Basic and diluted earnings per share were both CNY 0.2417, down from CNY 0.6288 in Q3 2020[40]. Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥159,368,809.67, an increase of 21.19%[3]. - The cash flow from operating activities generated a net amount of CNY 159,368,809.67, an increase of 21.2% from CNY 131,499,737.91 in the previous year[43]. - The company's cash and cash equivalents rose to RMB 543,653,131.43 from RMB 498,750,220.82 at the end of 2020, indicating a growth of 9.0%[34]. - The cash and cash equivalents at the end of the period were CNY 465,075,516.01, compared to CNY 306,532,221.71 at the end of the same period last year[44]. - The company incurred a total operating cash outflow of CNY 1,134,041,793.57, compared to CNY 862,358,012.86 in the previous year[43]. - The net cash flow from investing activities was CNY -16,912,275.81, an improvement from CNY -125,168,454.19 in the same period last year[43]. - The company experienced a net cash outflow from financing activities of CNY -146,615,052.96, compared to CNY -110,828,873.18 in Q3 2020[43]. - Total assets at the end of the reporting period were ¥4,575,528,205.68, a decrease of 7.18% from the end of the previous year[3]. - As of September 30, 2021, the total assets of Hongxiang Co., Ltd. amounted to RMB 4,575,528,205.68, a decrease from RMB 4,929,273,088.03 at the end of 2020[33]. Liabilities and Equity - The company's total liabilities decreased by 15.22% to CNY 216,287.52 million compared to the beginning of the year[12]. - The total liabilities decreased to RMB 2,162,875,100.85 from RMB 2,551,043,926.77, a reduction of 15.2%[36]. - The company's long-term borrowings decreased by 66.82% to CNY 48,155.81 million, primarily due to the exclusion of Zhongning New Energy from the consolidation scope[13]. - The company's total equity attributable to shareholders increased by 1.69% to CNY 242,349.88 million[14]. - The total equity attributable to shareholders was approximately CNY 2.38 billion, with retained earnings of CNY 945.35 million[48]. Inventory and Receivables - The company's inventory increased by ¥17,040.45 million, a growth of 47.10% due to stockpiling for current orders and anticipated projects[11]. - Other receivables rose by ¥26,911.20 million, an increase of 888.76%, primarily from the sale of a subsidiary's equity[11]. - Accounts receivable decreased to RMB 844,015,214.49 from RMB 929,259,904.04, a decline of 9.2%[35]. - Inventory increased significantly to RMB 532,223,035.19, up from RMB 361,818,479.72, representing a growth of 47.0%[35]. Research and Development - Research and development expenses rose by 36.36% to CNY 6,964.38 million, driven by increased spending in subsidiaries[16]. - The company reported R&D expenses of RMB 69,643,841.15, which increased from RMB 51,072,304.97, reflecting a growth of 36.4%[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,395[24]. - The largest shareholder, Yang Baotian, holds 24.57% of the shares, totaling 88,500,629 shares, with 27,130,000 shares pledged[24]. - The second-largest shareholder, Wolong Electric Drive Group Co., Ltd., holds 12.50% of the shares, totaling 45,013,368 shares[24]. - The company has a total of 115,540,464 shares held by the top ten shareholders, accounting for 32.07% of the total share capital[25]. Other Information - The company plans to continue expanding its market presence and developing new products and technologies[21]. - The third quarter report was not audited, indicating preliminary financial data[49]. - The company implemented new leasing standards starting in 2021, affecting prior comparative data[49].