证券代码：300438 证券简称：鹏辉能源 广州鹏辉能源科技股份有限公司 投资者关系活动记录表 编号：PH20180910 | --- | --- | --- | |--------------|----------------------------|--------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | 动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 （投资者音频交流会） | | | | 大和资本（ HK | ）：五百旗頭治郎、廣瀬渡、刘墨石 | | | 大和证券（ Tokyo | ）：小森雅俊、箱守英治、齊藤貴行、坂牧史郎 | | | 三菱 UFJ | 国际投信：石川勝士 | | 参与单位名称 | Tokyo Marine AM | ：佐藤弘康、光田寛和 | | 及人员姓名 | Point 72 | ：安藤祐介、小山内譜巳男 | | | RBC（HK | ）：金子友紀 | | | SPARX ：春尾卓哉 | | | ...

证券代码：300438 证券简称：鹏辉能源 广州鹏辉能源科技股份有限公司 投资者关系活动记录表 编号：PH20180731 | --- | --- | --- | |--------------|----------------------------|--------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □ 新闻发布会 □路演活动 | | | | ■ 现场参观 | | | | □其他 （投资者音频交流会） | | | 参与单位名称 | 广发证券：纪成炜 | | | 及人员姓名 | 中信证券：宋韶灵 | | | | 广州证券：丁 斌、李 阁 | | | | 广证恒生：徐 超 | | | | 平安证券：张 龑 | | | | 华金证券：肖 索 | | | | 海通证券：曾 彪、张一驰 | | | | 中银国际证券：张 咪、陈 详 | | | | 中泰证券：邹玲玲 | | | | 华泰证券：边文娇、张艺露 | | | | 东方证券：李梦强、卢日鑫 | | | | 太平洋证券：邵晶鑫 | | ...

Financial Performance - The company's revenue for Q3 2022 reached ¥2,437,010,376.18, representing a 69.13% increase compared to the same period last year[7] - Net profit attributable to shareholders was ¥199,270,133.14, a significant increase of 337.02% year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥182,876,815.01, up 347.56% from the previous year[7] - The company's basic earnings per share for Q3 2022 was ¥0.43, which is a 290.91% increase compared to the same period last year[7] - Total operating revenue for the current period reached ¥6,501,783,531.94, a significant increase of 67.5% compared to ¥3,895,798,575.69 in the previous period[30] - Net profit for the current period was ¥453,469,829.24, compared to ¥164,926,192.18 in the previous period, reflecting a growth of 174.5%[32] - Basic earnings per share increased to ¥1.00 from ¥0.39 in the previous period[35] - The company reported a total comprehensive income of ¥453,245,830.18 for the current period, compared to ¥164,001,219.07 in the previous period[34] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥9,991,638,583.76, reflecting a 17.45% increase from the end of the previous year[7] - The company reported a total equity attributable to shareholders of ¥3,749,347,582.02, which is a 35.73% increase from the previous year-end[7] - Total liabilities increased to ¥6,040,846,675.99, compared to ¥5,553,435,785.31 in the previous period, marking a rise of 8.8%[29] - The total assets of the company reached approximately CNY 9.99 billion, up from CNY 8.51 billion, indicating a growth of about 17.4%[25] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥189,200,104.87, showing a substantial increase of 295.96% year-on-year[7] - The cash inflow from operating activities for the current period was CNY 4,268,439,299.27, an increase of 41.5% compared to CNY 3,017,070,042.65 in the previous period[36] - The net cash flow from operating activities was CNY 189,200,104.87, a significant recovery from a negative CNY 96,550,283.27 in the previous period[39] - The cash and cash equivalents at the end of the period amounted to CNY 560,948,960.19, compared to CNY 481,409,278.30 in the previous period, showing an increase of 16.5%[39] Inventory and Receivables - Inventory increased by 49.74% compared to the beginning of the year, primarily due to rising material prices and stockpiling[12] - Accounts receivable increased to approximately CNY 1.89 billion, up from CNY 1.72 billion, reflecting a growth of about 9.8%[23] - Inventory surged to approximately CNY 2.40 billion, compared to CNY 1.60 billion at the beginning of the year, marking an increase of about 49.0%[25] Financing Activities - The company is in the process of issuing A-shares to specific investors, with announcements made regarding the adjustment of the issuance quantity limit[20] - The company reported a short-term loan of approximately CNY 743.80 million, an increase from CNY 593.79 million, reflecting a growth of about 25.3%[25] - The company received CNY 1,034,540,394.67 in cash from financing activities, a significant increase from CNY 667,310,715.40 in the previous period[39] Research and Development - Research and development expenses rose to ¥291,436,986.13, up 91.0% from ¥152,548,723.31 year-over-year[32] - Future outlook includes continued investment in R&D and market expansion strategies to sustain growth momentum[34] Employee and Operational Costs - Cash outflow for employee payments increased to CNY 684,534,472.54 from CNY 597,766,043.07, reflecting a rise of 14.5%[39] - Total operating costs amounted to ¥5,918,403,177.90, up 60.5% from ¥3,689,993,220.63 in the prior period[30]

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 30% in the first half of 2022, reaching RMB 1.5 billion[24]. - The company's operating revenue for the reporting period reached ¥4,064,773,155.76, representing a 65.58% increase compared to ¥2,454,886,219.67 in the same period last year[32]. - Net profit attributable to shareholders was ¥243,856,880.35, up 105.95% from ¥118,405,767.81 year-on-year[32]. - The net profit after deducting non-recurring gains and losses was ¥248,897,874.47, reflecting a 137.90% increase from ¥104,623,227.70 in the previous year[32]. - Basic earnings per share increased to ¥0.56, doubling from ¥0.28 in the same period last year[32]. - The company reported a net cash flow from operating activities of -¥120,687,235.90, a slight decrease of 6.29% compared to -¥113,539,944.61 in the same period last year[32]. - The weighted average return on equity was 8.24%, up from 4.71% in the previous year, indicating improved profitability[32]. - The company achieved a revenue of CNY 4,064,773,155.76 in the first half of 2022, representing a year-on-year growth of 65.58%[50]. - Net profit attributable to shareholders reached CNY 24,385,690, marking a 105.95% increase compared to the previous year[50]. Market Expansion and Strategy - User data indicates a growing customer base, with a 25% increase in active users compared to the same period last year, totaling approximately 2 million users[24]. - Market expansion strategies include entering Southeast Asian markets, targeting a 20% market share in the region within the next three years[8]. - The company aims to become a leading supplier in the energy storage battery sector with a revenue target of over 30 billion in the next three to five years[41]. - The domestic new energy vehicle market penetration rate reached 13%, with sales exceeding 350,000 units in 2021, significantly surpassing expectations[41]. - The company is focused on optimizing its customer structure and improving operational efficiency to solidify its consumer market base accumulated over 20 years[41]. Production and Capacity - The company plans to expand its production capacity by 40% in the next year to meet increasing market demand for lithium-ion batteries[8]. - The company has signed a contract to build a new manufacturing base in Liuzhou, Guangxi, with a planned capacity of 20GWh, and a 20GWh energy storage battery project in Quzhou, Zhejiang, set to start construction by the end of the year[48]. - The production capacity for lithium-ion batteries is 2.448 billion AH/year, with a capacity utilization rate of 115.21%[58]. - The company has established eight modern production bases covering over 1.6 million square meters, making it one of the most diverse suppliers in the industry[48]. Research and Development - The company is investing 15% of its revenue into R&D to enhance technology and product offerings, focusing on cost reduction and efficiency improvements[8]. - The company has developed sodium-ion battery products with excellent performance, enhancing its competitive edge in the market[45]. - The company holds over 270 national patents and collaborates with renowned universities for continuous innovation in new products and technologies[45]. - Research and development expenses increased by 112.92% to CNY 175,555,125.10, driven by the growth in business scale and rising material costs[53]. Financial Management and Investments - The company will not distribute cash dividends for the current fiscal year, opting to reinvest profits into growth initiatives[9]. - The company's cash flow from financing activities increased by 646.34% to CNY 103,089,307.84, primarily due to new borrowings[53]. - The company has invested ¥173,505.65 million in total fundraising, with ¥12,396.31 million utilized during the reporting period[68]. - The company has allocated 20,000 million yuan for working capital from the funds raised through convertible bonds, with a cumulative investment of 20,000 million yuan[73]. Risks and Challenges - The company faces risks from changes in industrial policies, particularly regarding lithium-ion batteries, which are crucial for green economic development[96]. - The company is experiencing increased competition in the green high-performance battery market, leading to potential price declines and raw material cost fluctuations[96]. - The company has faced challenges in achieving expected benefits due to factors such as rising raw material prices and adjustments in product offerings in response to policy changes[76]. Corporate Governance and Social Responsibility - The company actively engages with shareholders through various communication channels to ensure transparency and protect shareholder rights[110]. - The company has a robust internal control system and governance structure to safeguard the interests of shareholders and creditors[110]. - The company continues to support social welfare and charity initiatives within its capacity[111]. - The company is committed to improving cash flow management and reducing production costs to enhance overall profitability amidst external pressures[96].

广州鹏辉能源科技股份有限公司 2022 年第一季度报告全文 1 证券代码：300438 证券简称：鹏辉能源 公告编号：2022-043 转债代码：123070 转债简称：鹏辉转债 广州鹏辉能源科技股份有限公司 2022年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|------------------- ...

Financial Performance - The company's operating revenue for 2021 was ¥5,692,893,584.13, representing a 56.30% increase compared to ¥3,642,225,979.02 in 2020[30]. - The net profit attributable to shareholders in 2021 was ¥182,431,718.40, a significant increase of 242.90% from ¥53,203,282.65 in 2020[30]. - The net profit after deducting non-recurring gains and losses reached ¥136,820,600.69, up 3,471.70% from ¥3,830,685.81 in the previous year[30]. - The total assets at the end of 2021 amounted to ¥8,506,834,368.10, a 22.24% increase from ¥6,959,125,809.35 at the end of 2020[30]. - The basic earnings per share for 2021 was ¥0.43, reflecting a 230.77% increase compared to ¥0.13 in 2020[30]. - The company reported a net cash flow from operating activities of ¥204,935,842.15, which is a decrease of 53.09% from ¥436,870,380.31 in 2020[30]. - The weighted average return on equity for 2021 was 7.02%, an increase from 2.24% in 2020[30]. - The company recorded non-recurring gains of ¥25,411,246.80 from government subsidies in 2021, compared to ¥55,207,927.58 in 2020[36]. - The total liabilities at the end of 2021 were not disclosed, but the net assets attributable to shareholders increased by 12.53% to ¥2,762,297,072.79 from ¥2,454,717,427.45 in 2020[30]. Market Position and Strategy - The company aims to enhance market research and adjust strategies to mitigate risks from intensified industry competition and raw material price fluctuations[8]. - The company is committed to expanding its market presence and exploring new business opportunities despite external environmental challenges[9]. - The company ranks second among Chinese enterprises in global energy storage battery shipments and fourth among domestic energy storage technology providers in newly installed capacity[47]. - The company has established deep partnerships with major automotive manufacturers, including SAIC-GM-Wuling and Changan Automobile, leveraging nearly two decades of technological expertise in electrochemistry[50]. - The company is focused on expanding production capacity in response to surging market orders, which is expected to drive revenue growth[53]. - The company aims to become a leading supplier in the energy storage battery market with a revenue target of over RMB 20 billion in the next three to five years[129]. - The company plans to enhance its consumer business, strengthen its energy storage segment, and focus on the small and medium-sized vehicle market[129]. Research and Development - The company plans to increase investment in technology research and development to improve overall profitability and cash flow management[9]. - The company has obtained 244 national patents and collaborates with renowned universities for continuous innovation in new products and technologies[58]. - The company is currently in the small-scale production phase for sodium-ion batteries, aiming to enhance energy density and cycle life for mass production[87]. - The company has strengthened its R&D efforts, introducing water-based environmental protection technology for lithium-ion batteries, which has been successfully applied across multiple chemical systems[62]. - Research and development expenses increased by 89.10% to 246,441,939.06 CNY in 2021, up from 130,324,678.76 CNY in 2020, driven by increased revenue scale[86]. Production and Operations - The company is focused on optimizing production processes and reducing costs through scale advantages and technological improvements[8]. - The total revenue from raw materials in 2021 was 3,625,409,333.03 CNY, accounting for 76.01% of the total operating costs, which increased by 78.05% from 2,036,169,243.79 CNY in 2020[74]. - The company's total operating costs in 2021 amounted to 4,769,914,997.02 CNY, reflecting a year-on-year increase of 58.73% from 3,005,043,296.61 CNY in 2020[74]. - The company is focused on improving key process capability indices to enhance overall operational efficiency[132]. Governance and Compliance - The company has established a performance evaluation and incentive system for its directors, supervisors, and senior management, ensuring compliance with legal regulations[146]. - The governance structure includes a strategic committee, compensation and assessment committee, audit committee, and nomination committee, enhancing decision-making quality[146]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[146]. - The company has maintained independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring no conflicts of interest[149]. Shareholder Engagement - The company held four shareholder meetings in 2021, with participation rates of 35.57%, 34.66%, 38.44%, and 40.40% respectively[150]. - The company has implemented measures to protect the rights of all shareholders, ensuring equal treatment and convenience for participation in meetings[144]. - The company reported a total shareholding of 135,741,751 shares at the beginning of the period, with an increase of 100,709 shares, resulting in a total of 135,842,460 shares at the end of the period[156]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion RMB[163]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative battery technologies[163]. - The company is committed to sustainability, with plans to reduce carbon emissions by 20% over the next three years[163].

Revenue and Profit - Revenue for Q3 2021 reached ¥1,440,912,356.02, an increase of 24.00% year-over-year, and total revenue for the year-to-date was ¥3,895,798,575.69, up 57.37% compared to the same period last year[4] - Net profit attributable to shareholders was ¥45,597,134.48, a decrease of 34.69% year-over-year, while year-to-date net profit was ¥164,002,902.29, an increase of 16.53%[4] - Operating profit for the quarter was ¥172,760,909.17, slightly up from ¥168,331,449.95 in the previous year[26] - The net profit attributable to the parent company was 164,002,902.29, an increase from 140,732,895.84 in the previous period, representing a growth of approximately 16.5%[29] - The total comprehensive income attributable to the parent company was 163,077,929.18, compared to 140,921,846.65 in the previous period, reflecting an increase of about 15.7%[29] - Basic and diluted earnings per share both increased to 0.39 from 0.34, marking a rise of approximately 14.7%[29] Cash Flow - The company reported a net cash flow from operating activities of -¥96,550,283.27, reflecting a decline of 131.37% compared to the previous year[9] - Cash inflows from operating activities totaled 3,017,070,042.65, up from 1,992,356,362.66, indicating a growth of around 51.4%[32] - Cash outflows from operating activities were 3,113,620,325.92, compared to 1,684,598,362.98 in the previous period, resulting in a net cash flow from operating activities of -96,550,283.27[32] - Cash inflows from investment activities were 122,380,244.65, while cash outflows totaled 632,578,232.36, leading to a net cash flow from investment activities of -510,197,987.71[35] - Cash inflows from financing activities amounted to 667,310,715.40, while cash outflows were 718,131,808.08, resulting in a net cash flow from financing activities of -50,821,092.68[35] - The company received 68,107,631.27 in tax refunds, compared to 12,069,952.83 in the previous period, showing a significant increase[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,670,189,355.43, representing a 10.22% increase from the end of the previous year[4] - Total current assets amounted to approximately CNY 4.29 billion, with accounts receivable at CNY 1.74 billion and inventory at CNY 876.61 million[38] - Total liabilities reached approximately CNY 4.32 billion, with current liabilities accounting for CNY 3.22 billion, including accounts payable of CNY 1.52 billion[41] - The total equity attributable to shareholders was approximately CNY 2.45 billion, with retained earnings of CNY 1.04 billion[43] - Current liabilities rose to ¥3,805,396,846.98, compared to ¥3,219,341,996.43 in the previous year, indicating an increase of 18.2%[22] - The company’s total liabilities increased by 43.07% year-over-year, primarily due to increased procurement volumes and shortened payment terms[9] Research and Development - The company’s R&D expenses for the period were ¥152,548,723.31, an increase of 70.01% year-over-year, indicating a significant investment in innovation[9] - Research and development expenses increased to ¥152,548,723.31, compared to ¥89,730,175.31 in the same quarter last year, reflecting a growth of 70%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,034, with the top 10 shareholders holding a combined 50.34% of shares[10] - The largest shareholder, Xia Xinde, holds 31.62% of shares, amounting to 134,719,192 shares, with 101,039,394 shares pledged[10] - The top 10 unrestricted shareholders hold a total of 202,1 million shares, with Xia Xinde holding the largest portion of 33,679,798 shares[12] Inventory and Other Assets - The company’s inventory increased by 48.45% year-over-year, reaching ¥1,301,342,167.67, due to a substantial rise in material stockpiling and increased unit costs[9] - Accounts receivable total ¥1,888,164,750.26, an increase from ¥1,735,346,669.66 in the previous month[16] - Inventory has increased to ¥1,301,342,167.67 from ¥876,608,482.39 in the previous month[16] Market and Product Development - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the energy technology sector[25] - The company has not reported any new strategies or significant market expansions during this period[18] - There are no new products or technologies reported in the current quarter[18]

Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 1.2 billion for the first half of 2021, representing a year-on-year growth of 35%[24]. - The company's operating revenue for the reporting period reached ¥2,454,886,219.67, representing an increase of 86.88% compared to ¥1,313,609,086.01 in the same period last year[32]. - Net profit attributable to shareholders was ¥118,405,767.81, up 66.97% from ¥70,914,494.71 year-on-year[32]. - The net profit after deducting non-recurring gains and losses was ¥104,623,227.70, reflecting a significant increase of 133.56% compared to ¥44,794,559.81 in the previous year[32]. - The company's basic and diluted earnings per share increased to ¥0.28, a rise of 64.71% from ¥0.17 in the same period last year[32]. - The company achieved a revenue of 2,454.89 million CNY, representing a year-on-year growth of 86.88%[56]. - The net profit attributable to shareholders was 118.41 million CNY, a year-on-year increase of 66.97%[56]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 104.62 million CNY, reflecting a significant growth of 133.56%[56]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base, with over 500 new clients acquired in the first half of 2021, contributing to increased market penetration[24]. - The company plans to expand its market presence by entering two new international markets by the end of 2021, targeting a 15% increase in overseas sales[24]. - The company is actively pursuing strategic acquisitions, with plans to acquire a local battery technology firm to enhance its R&D capabilities and product offerings[24]. - The company is focused on expanding its market presence in the electric vehicle and energy storage sectors, aligning with favorable industry trends[56]. - The company anticipates continued growth in the new energy vehicle battery sector as the market becomes more competitive following the reduction of subsidies, with a focus on high-end and cost-effective solutions[47]. Research and Development - The company has increased its R&D investment by 30% in 2021, focusing on innovative battery technologies and sustainable energy solutions[24]. - The company has a robust R&D capability with multiple technological reserves, including various cathode materials and cell shapes, ensuring its leadership in the industry[47]. - The company has over 200 national patents and collaborates with renowned universities for continuous innovation in new products and technologies[53]. - The company is committed to increasing R&D investment to strengthen and enhance its competitive advantage[134]. Product Development - New product development includes the launch of a high-capacity lithium-ion battery, which is expected to enhance performance by 20% over previous models, aimed at the electric vehicle market[24]. - The company has developed innovative products such as a 6C fast-charging battery with over 200Wh/kg energy density and a cycle life exceeding 4000 cycles, enhancing its competitive edge in the power battery sector[47]. - The energy storage lithium battery market is expanding rapidly, driven by the transition from lead-acid to lithium batteries in 4G and 5G base stations, with the company offering a complete product line in this sector[47]. Financial Management and Risks - The company has committed to not distributing cash dividends for the year, opting instead to reinvest profits into growth initiatives[24]. - The company has identified potential risks related to raw material price fluctuations, which could impact profit margins if not managed effectively[24]. - The company reported a net cash flow from operating activities of -¥113,539,944.61, a decrease of 178.21% compared to ¥145,181,251.75 in the same period last year[32]. - The company faces risks from changes in industrial policies, particularly regarding lithium-ion batteries, which are crucial for green economic development[110]. - The company is exposed to risks from raw material price fluctuations and declining product prices due to intensified competition in the green high-performance battery market[110]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the semi-annual period[122]. - The company held three shareholder meetings during the reporting period, with investor participation rates of 35.57%, 34.66%, and 38.44% respectively[120]. - The company actively protects shareholder and creditor rights, ensuring compliance with relevant laws and regulations, and has maintained a stable financial policy[130]. - The company has committed to enhancing the management of raised funds to ensure effective use and prevent dilution of immediate returns for shareholders[134]. Legal Matters - The company is involved in multiple lawsuits, with a total amount in dispute of approximately ¥9,832.66 million, including claims from Hubei Sanhuan Automotive Co., Ltd. for ¥3,153.12 million and counterclaims against it for ¥628.83 million[159]. - The company has initiated legal action against Shenzhen Mailan Innovation Technology Co., Ltd. for overdue payments totaling ¥737.93 million, with the first hearing held on August 3, 2021[159]. - A significant lawsuit involves Guangdong Xingfu Dingdong Travel Technology Co., Ltd. and others, with claims for performance compensation and breach of contract totaling ¥4,756.76 million, with hearings starting on August 4, 2021[159]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[162]. Employee and Social Responsibility - The company provides systematic onboarding training for new employees and conducts various employee welfare activities, including monthly birthday celebrations[131]. - The company adheres to tax regulations and actively participates in social responsibility initiatives, supporting local education and community activities[131]. - The company has established a scientific and systematic training management system to enhance employee skills and qualifications[131].

Financial Performance - The company's revenue for Q1 2021 reached ¥1,062,084,836.05, representing a 138.75% increase compared to ¥444,850,645.68 in the same period last year[8] - Net profit attributable to shareholders was ¥54,727,058.99, up 171.16% from ¥20,182,502.20 year-on-year[8] - The net profit after deducting non-recurring gains and losses surged to ¥49,098,804.42, a remarkable increase of 4,017.81% from ¥1,192,353.11 in the previous year[8] - The basic earnings per share (EPS) improved to ¥0.13, reflecting a 160.00% increase from ¥0.05 in the same quarter last year[8] - Operating revenue increased by 138.75% compared to the same period last year, while total operating costs increased by 121.41%, indicating a strong revenue-cost alignment[22] - The company achieved a revenue of 1.062 billion yuan, representing a year-on-year growth of 138.75%[24] - Net profit attributable to shareholders reached 54.73 million yuan, an increase of 171.16% compared to the same period last year[24] - The net profit after deducting non-recurring gains and losses was 49.10 million yuan, showing a staggering growth of 4,017.81% year-on-year[24] - The company reported a total comprehensive income of ¥56,612,704.52 for the current period, compared to ¥16,479,912.36 in the previous period, reflecting a growth of approximately 243%[79] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,146,019,378.09, a 2.69% increase from ¥6,959,125,809.35 at the end of the previous year[8] - The net assets attributable to shareholders amounted to ¥2,468,670,429.39, showing a slight increase of 0.57% from ¥2,454,717,427.45 at the end of the last year[8] - Total liabilities increased to ¥4,524,731,151.11, compared to ¥4,317,002,173.63, reflecting a growth of approximately 4.81%[60] - Current liabilities totaled ¥3,377,336,487.36, up from ¥3,219,341,996.43, indicating an increase of around 4.91%[60] - The total owner's equity amounted to ¥2,621,288,226.98, slightly down from ¥2,642,123,635.72, a decrease of about 0.79%[60] Cash Flow - The net cash flow from operating activities was negative at -¥21,942,762.62, a decline of 126.18% compared to ¥83,806,606.94 in the same period last year[8] - Cash flow from operating activities decreased by 126.18% year-on-year, primarily due to increased payments for goods[23] - Cash flow from investing activities decreased by 34.68% year-on-year, mainly due to increased expenditures on fixed asset purchases[23] - The company's cash and cash equivalents decreased to ¥825,663,595.05 from ¥1,048,344,024.22, a decline of approximately 21.23%[61] - The company's cash and cash equivalents decreased to RMB 1,413,153,631.62 from RMB 1,474,649,850.07 as of December 31, 2020, indicating a decline of approximately 4.2%[51] - The net cash flow from operating activities is 889,664,175.01, compared to 486,681,376.65 in the previous period, showing improved cash generation[91] Research and Development - R&D expenses rose by 88.04% year-on-year, primarily due to increased costs for materials and labor[22] - Research and development expenses for the current period were ¥35,576,292.37, compared to ¥18,919,859.02 in the previous period, representing an increase of about 88%[72] Investments and Projects - The company has invested 3,756.15 million CNY in the current quarter, with a cumulative investment of 126,624.63 million CNY[38] - The construction project for lithium-ion battery systems has a total investment of 70,644.44 million CNY, with 102.98% progress achieved[38] - The new high-performance lithium-ion battery research and development equipment project has a total investment of 5,000 million CNY, with 2.43% progress achieved[38] - The new project for green high-performance lithium-ion batteries has an investment of 38,000 million CNY, with 9.38% progress achieved[38] Customer and Supplier Relations - The top five suppliers accounted for 22.69% of total procurement, amounting to 183.10 million yuan, indicating normal changes without significant impact on future operations[27] - The top five customers contributed 32.92% of total revenue, amounting to 349.64 million yuan, reflecting effective execution of the major customer strategy[27] Financial Management - The company reported government subsidies of ¥10,792,347.34 during the period[11] - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[35] - The company has not changed the use of raised funds for bank loan repayment or working capital supplementation[38] - The company has not disclosed any issues regarding the use and disclosure of raised funds[44] Miscellaneous - The company has engaged in discussions with various investment institutions regarding its business operations and future strategies[47] - The company did not undergo an audit for the first quarter report[100]

Financial Performance - The net profit attributable to shareholders for the reporting period was 53.2033 million RMB, a decrease of 68.38% year-on-year, primarily due to the impact of the pandemic in Q1 and significant provisions for bad debts and asset impairments[5]. - The company's operating revenue for the year reached 3.642 billion RMB, representing a year-on-year growth of 10.09%[5]. - The net profit after deducting non-recurring gains and losses was ¥3,830,685.81, down 97.40% from ¥147,571,215.95 in 2019[30]. - The total assets at the end of 2020 were ¥6,959,125,809.35, representing a growth of 28.91% from ¥5,398,240,802.73 at the end of 2019[30]. - The basic earnings per share for 2020 was ¥0.13, a decrease of 67.50% compared to ¥0.4 in 2019[30]. - The weighted average return on equity for 2020 was 2.24%, down from 7.35% in 2019, a decline of 5.11%[30]. - The total net profit for the fourth quarter of 2020 was -¥85,534,428.76, indicating a significant loss compared to previous quarters[33]. - The company reported a significant asset impairment loss of -79,524,159.80, which accounted for -110.48% of total profit[95]. - The company reported a credit impairment loss of -112,987,584.71, which accounted for -156.96% of total profit, indicating challenges in credit management[95]. Cash Flow and Investment - Operating cash flow increased by 128.39% year-on-year, indicating a strong cash flow position[5]. - The net cash flow from operating activities increased by 128.39% to ¥436,870,380.31 from ¥191,280,254.61 in 2019[30]. - The company achieved a significant increase in cash and cash equivalents, totaling ¥850,746,896.91, compared to a decrease of ¥59,588,953.06 in the previous year[90]. - Cash and cash equivalents increased to 1,474,649,850.07, making up 21.19% of total assets, due to convertible bond issuance and increased cash inflows from business growth[96]. - The company issued convertible bonds, resulting in a net cash flow from financing activities of ¥719,819,026.48, an increase of 868.70% year-on-year[90]. - The company raised a total of 86,861.21 million from convertible bonds, with 34,083.23 million utilized by the end of the reporting period[105]. - As of the reporting period, the company had 53,001.82 million in unutilized raised funds[107]. Market Position and Strategy - The company aims to strengthen market research and adjust strategies to mitigate risks from intensified industry competition and fluctuating raw material prices[10]. - The energy storage market has seen significant growth, positioning the company among the leading players in this sector[5]. - The company is focusing on enhancing its technological advantages and product offerings to provide diverse, cost-effective solutions to downstream customers[11]. - The company will continue to explore new business opportunities while consolidating existing operations to ensure sustainable growth[13]. - The company has established a strong customer base in the new energy vehicle sector, including partnerships with major clients like SAIC-GM-Wuling and Changan Automobile, benefiting from supportive national policies[43]. - The company is focused on expanding its market presence in the TWS and electric vehicle sectors, adapting to changing consumer demands[63]. - The company aims to achieve a revenue target of 10 billion within 3-5 years, focusing on customer-driven strategies and efficient operations[184]. - The company is committed to continuous R&D investment to meet diverse market demands and enhance product competitiveness[186]. Product Development and Innovation - The company is actively developing new products such as large cylindrical batteries, start-stop batteries, fast-charging batteries, and energy storage batteries[186]. - The company has developed innovative products such as a 6C fast-charging battery with a cycle life of over 4000 cycles and energy density greater than 200Wh/kg[47]. - The company has successfully developed a long-range soft-pack power battery with a single energy density of 280Wh/kg, achieving a maximum range of over 720km when assembled into a battery pack[47]. - The company has launched a new high-power battery for electric tools, which has gained recognition from international clients[85]. - The company has developed a new blade battery product with an energy density of 188Wh/kg and a range of 500km for passenger vehicles[86]. - The company has successfully developed multiple models of energy storage batteries, which have entered mass production and received bulk orders from domestic and international clients[86]. Profit Distribution - The board approved a profit distribution plan, proposing a cash dividend of 1 RMB per 10 shares, with no bonus shares or capital reserves allocated[13]. - The company reported a cash dividend of 1 yuan per 10 shares, totaling 41,767,878.80 yuan, which represents 78.51% of the distributable profit[200]. - The company's distributable profit for the year was 53,203,282.65 yuan[200]. - The company did not issue any bonus shares or increase capital from reserves during the reporting period[200]. - The company has maintained a consistent profit distribution policy in line with its articles of association and relevant regulations[200]. Challenges and Future Outlook - In 2020, the company faced challenges due to the pandemic but remained committed to its strategic goals and customer-centric approach[188]. - The company plans to shift its development model in 2021, focusing on high-quality strategic customers for sustainable growth[188]. - The company is optimistic about its performance in 2021, supported by shareholders and the board of directors[188]. - The company emphasizes the importance of risk management in response to challenges such as rising raw material prices and external environmental changes[186]. - The company has recorded significant investor interest, indicating confidence in its future growth prospects[191].