Financial Performance - The company's revenue for Q3 2022 was CNY 574,887,862.38, representing a year-on-year increase of 35.73%[7] - The net profit attributable to shareholders was a loss of CNY 309,952.52, a decline of 101.64% compared to the same period last year[7] - The company's operating revenue for the first nine months of 2022 reached CNY 1,422,274,155.96, a 33.84% increase compared to CNY 1,062,653,622.23 in the same period of 2021, driven by increased market demand for new energy vehicles and related products[13] - Total operating revenue for Q3 2022 reached CNY 1,422,274,155.96, an increase of 33.8% compared to CNY 1,062,653,622.23 in the same period last year[31] - Net profit for Q3 2022 was CNY 37,115,244.35, a decrease of 42.8% compared to CNY 64,894,200.98 in Q3 2021[33] - The company reported a decrease in total comprehensive income attributable to shareholders, which fell to CNY 1,474,545.19 from CNY 35,759,992.81 in Q3 2021[33] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -37,331,731.01, down 59.26%[7] - Cash inflow from operating activities totaled CNY 1,145,117,025.87, an increase of 57.7% from CNY 725,677,809.75 in the previous period[37] - Cash outflow from operating activities amounted to CNY 1,182,448,756.88, up from CNY 817,301,272.72, resulting in a net cash flow from operating activities of -CNY 37,331,731.01, an improvement from -CNY 91,623,462.97[37] - Cash inflow from investing activities was CNY 792,575.00, down from CNY 1,476,733.60 in the previous period[38] - Cash outflow from investing activities increased to CNY 73,195,628.01 from CNY 49,357,560.88, leading to a net cash flow from investing activities of -CNY 72,403,053.01, compared to -CNY 47,880,827.28 previously[38] - Cash inflow from financing activities reached CNY 258,359,003.25, up from CNY 179,612,847.96[38] - Cash outflow from financing activities decreased to CNY 168,640,134.73 from CNY 245,520,330.46, resulting in a net cash flow from financing activities of CNY 89,718,868.52, compared to -CNY 65,907,482.50 previously[38] - The ending balance of cash and cash equivalents is CNY 169,450,187.02, compared to CNY 146,213,794.04 in the previous period[38] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,889,627,685.11, an increase of 19.64% from the end of the previous year[7] - Current liabilities rose to CNY 1,293,355,595.59, compared to CNY 981,682,310.38 in the same period last year, reflecting a 31.7% increase[30] - Long-term borrowings decreased to CNY 52,500,000.00 from CNY 56,250,000.00 year-on-year[30] - The company's deferred income tax liabilities increased by 38.76% to CNY 15,035,639.81, primarily due to differences in the book value and tax value of fixed assets[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,951[17] - The top 10 shareholders hold a total of 50,000,000 shares, with the largest shareholder holding 10,121,876 shares[18] - The company granted 3,371,560 restricted stocks to 21 incentive objects at a price of RMB 4.80 per share as part of its 2022 incentive plan[22] - The company repurchased 3,371,560 shares, representing 1.09% of the total share capital, as of September 30, 2022[21] Inventory and Receivables - The company's inventory increased by 67.21% to CNY 432,298,150.74, attributed to increased order stock[12] - The accounts receivable rose by 237.35% to CNY 64,879,159.97, driven by growth in power battery thermal management products and new energy vehicle manufacturing[12] - Accounts receivable increased to RMB 1,021,333,669.88 from RMB 912,826,107.48 at the beginning of the year, reflecting a growth of approximately 11.97%[28] - Inventory levels rose to RMB 432,298,150.74, up from RMB 258,542,235.44, indicating a significant increase of approximately 67.14%[28] Government Support and Investments - The company received government subsidies amounting to CNY 5,927,415.06 during the reporting period, contributing to its financial performance[9] - The company reported a significant increase in government subsidies, with other income rising by 79.30% to CNY 25,821,444.51[13] - The capital reserve increased by 179.51% to CNY 379,766,421.40, mainly due to the conversion of convertible bonds[13] - The company plans to invest RMB 700 million in the construction of a new headquarters for battery thermal management and automotive electronics in Dongguan[23] Research and Development - Research and development expenses rose by 46.89% to CNY 77,189,694.85, reflecting increased investment in new product development[13] - Research and development expenses for Q3 2022 were CNY 77,189,694.85, an increase of 46.9% from CNY 52,550,545.50 in the previous year[31] Earnings Per Share - The company’s basic earnings per share for the reporting period was CNY 0, reflecting a 100% decrease year-on-year[7] - Basic earnings per share for the current period is 0.01, compared to 0.13 in the previous period[35] - Diluted earnings per share for the current period is 0.01, compared to 0.12 in the previous period[35]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[18]. - The company's operating revenue for the reporting period was ¥847,386,293.58, representing a 32.59% increase compared to ¥639,115,983.78 in the same period last year[24]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2022, representing a year-over-year growth of 20%[127]. - The company reported a total revenue of 1,096,796,100 CNY for the first half of 2022, representing a year-on-year increase of 46.70%[111]. - The revenue from the subsidiary Dongguan Silicon Xiang reached 616.44 million yuan, representing a year-on-year increase of 88.01%[113]. - The net profit attributable to shareholders of the listed company was ¥1,784,497.71, a decrease of 89.39% from ¥16,817,981.31 in the previous year[24]. - The net profit attributable to shareholders was 51,534,247 CNY, with a profit margin of approximately 4.69%[111]. - The net profit from the same subsidiary was 51.53 million yuan, showing a year-on-year growth of 33.52%[113]. - The net profit after deducting non-recurring gains and losses was -¥11,737,958.86, a decline of 210.50% compared to ¥10,622,847.27 in the same period last year[24]. - The basic earnings per share were ¥0.01, down 83.33% from ¥0.06 in the same period last year[24]. Research and Development - The company plans to invest RMB 100 million in R&D for new cooling technologies in the next fiscal year[18]. - The company increased R&D investment in new products, with R&D expenses rising by approximately 13.40 million yuan compared to the same period last year[47]. - Research and development expenses reached 71,108,964 CNY, accounting for 4.79% of total revenue, emphasizing the focus on innovation[111]. - The company has a strong R&D team and has established an interactive R&D model that enhances innovation and customer engagement throughout the product lifecycle[73]. - The company is actively engaged in research and development of new energy technologies and industrial automation control systems[112]. - The company has allocated 200 million yuan for research and development in 2022, focusing on sustainable technologies[127]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 5% market share by the end of 2023[18]. - The company plans to expand its market presence by entering new regions, targeting a 25% increase in market share by the end of 2023[111]. - The company is expanding its market presence in the rapidly growing new energy vehicle sector, leveraging the increase in battery production and installation[113]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[127]. Product Development - New product launches are expected to include advanced cooling solutions for electric vehicles, anticipated to contribute an additional RMB 50 million in revenue[18]. - The introduction of new products in the automotive sector is anticipated to contribute an additional 100 million CNY in revenue by Q2 2023[111]. - The company is developing new technologies in electric vehicle charging infrastructure, aiming for a launch in Q4 2022[111]. - The company’s water cooling technology is designed to provide efficient heat dissipation solutions, significantly improving energy consumption and reliability compared to traditional cooling methods[67]. - The company has developed customized and modular product structures to meet diverse application needs, enhancing product reliability and operational efficiency[68]. Financial Management - The net cash flow from operating activities was -¥70,707,197.49, a decrease of 43.56% from -¥49,253,105.52 in the previous year[24]. - The company’s cash and cash equivalents decreased by CNY 78,346,421.52, an improvement of 20.88% compared to the previous year[88]. - The company’s financial expenses increased by 41.36% to CNY 18,948,037.37, attributed to increased financing activities and reduced foreign exchange gains[88]. - The company has a competitive advantage in supply chain management due to its location in Dongguan, allowing for efficient supplier coordination and reduced procurement costs[83]. Risk Management - The company has identified risks related to supply chain disruptions and is implementing strategies to mitigate these risks[5]. - The company faces risks related to the market demand in downstream application areas, which could significantly impact its operating performance and revenue[114]. - The ongoing COVID-19 pandemic and macroeconomic fluctuations pose risks to the supply chain and cost structures, impacting production and delivery timelines[125]. - The company plans to strengthen risk management and supply chain optimization to mitigate external risks and ensure operational stability[125]. Corporate Governance - The company held its 2021 annual general meeting on May 12, 2022, with a participation rate of 19.31%[131]. - The first extraordinary general meeting of 2022 was held on June 6, 2022, with a participation rate of 20.49%[131]. - The company approved the 2022 restricted stock incentive plan on May 19, 2022, with independent directors expressing their agreement[134]. - The company did not receive any objections regarding the list of incentive plan participants during the public notice period from May 20 to May 30, 2022[135]. - The company conducted a self-examination of insider trading related to the incentive plan prior to its announcement[136]. Environmental and Social Responsibility - The company has maintained a continuous compliance with environmental standards, achieving zero environmental pollution incidents during the reporting period[141]. - The company actively participates in social welfare activities, contributing to social development[147]. - The company has not been involved in any poverty alleviation or rural revitalization work during the reporting period[148].

Financial Performance - The company reported a total revenue of RMB 277,442,837 for the year 2021, with no cash dividends or stock bonuses distributed to shareholders [6]. - The company's operating revenue for 2021 was ¥1,679,257,597.31, representing a 36.72% increase compared to ¥1,228,232,281.86 in 2020 [22]. - The net profit attributable to shareholders for 2021 was ¥64,548,093.97, a decrease of 20.29% from ¥80,982,567.77 in 2020 [22]. - The net profit after deducting non-recurring gains and losses was ¥52,640,490.70, down 28.29% from ¥73,407,756.90 in 2020 [22]. - The net cash flow from operating activities improved to ¥12,060,175.73, a significant increase of 116.86% compared to -¥71,549,315.54 in 2020 [22]. - The total assets at the end of 2021 were ¥2,415,317,119.26, reflecting a 9.65% increase from ¥2,202,810,447.95 at the end of 2020 [22]. - The net assets attributable to shareholders increased by 7.10% to ¥990,030,345.94 from ¥924,421,488.42 at the end of 2020 [22]. - The basic earnings per share for 2021 were ¥0.23, down 20.69% from ¥0.29 in 2020 [22]. - The diluted earnings per share decreased by 22.22% to ¥0.21 from ¥0.27 in 2020 [22]. - The company reported a total of ¥11,907,603.27 in non-recurring gains for 2021, compared to ¥7,574,810.87 in 2020 [29]. Market Expansion and Strategy - The company plans to expand its product line, focusing on pure water cooling equipment for high-power density electrical devices, which is expected to enhance efficiency and reliability [15]. - Future outlook includes a detailed risk assessment and strategic planning for market expansion, particularly in the renewable energy sector [6]. - The company has outlined its strategy for future growth, emphasizing the importance of innovation and market responsiveness [6]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the energy technology market [15]. - The company aims to leverage its expertise in power electronics to capture a larger share of the renewable energy market [15]. - The company is positioned to benefit from the planned construction of 38 ultra-high voltage projects with a total investment of CNY 380 billion during the 14th Five-Year Plan period [34]. - The installed capacity of new energy sources is expected to continue to rise, with projections indicating that by 2030, the total installed capacity of wind and solar power will exceed 1.2 billion kW [37]. - The company is focusing on expanding its market share internationally, leveraging its strong R&D capabilities and product quality [144]. Research and Development - The company is actively involved in the research and development of new technologies, including flexible AC transmission systems and high-voltage direct current transmission solutions [15]. - The company is focusing on the development of electric vehicle battery thermal management solutions, which includes heating films and insulation materials [15]. - The company increased R&D investment, with R&D expenses rising by approximately 22.33 million yuan compared to the same period last year [58]. - The company owns 228 patents, including 32 invention patents, and has registered 108 software copyrights as of December 31, 2021 [60]. - The company has established a mature R&D, production, and sales system, continuously optimizing its main business and expanding its market presence [47]. - The company is committed to developing advanced storage technologies and solutions, including new energy and storage projects, in line with national development plans [45]. - The company is developing a series of cooling systems for energy storage applications, which are in the engineering application phase [102]. - The company is working on a new design for a replaceable FPC PCB adapter board, which aims to lower after-sales costs for clients [108]. Customer and Supplier Relationships - The company has established partnerships with various entities to enhance its market presence and technological capabilities in the energy conservation sector [15]. - The company has established stable relationships with high-quality clients in the new energy vehicle sector, responding to increasing market demand [47]. - The company has established long-term stable partnerships with well-known clients such as GE, Siemens, and ABB, which helps avoid price competition and supports future product promotion [70]. - The top five customers accounted for 47.16% of the total annual sales, indicating a concentrated customer base [98]. - The top five suppliers accounted for 26.63% of the total annual procurement amount, which was ¥271,591,342.97 [99]. Governance and Management - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team, ensuring effective coordination and checks and balances [166]. - The company has no controlling shareholder, and the largest shareholder operates in compliance with relevant regulations, ensuring no interference in the company's decision-making [168]. - The board of directors consists of 5 members, including 2 independent directors, and has established specialized committees to enhance decision-making quality [169]. - The company has developed a performance evaluation and incentive system that links management compensation to business performance [173]. - The company maintains an independent financial accounting system and does not share bank accounts with major shareholders [177]. - The company has implemented a comprehensive internal control system to enhance governance and operational efficiency [174]. Challenges and Risks - The company recognizes potential risks related to market demand fluctuations in downstream applications and plans to adjust its strategies accordingly [149]. - The company faces significant financial pressure due to a large accounts receivable balance, which may lead to increased operational risks if customer performance declines [152]. - The company is at risk of declining gross margins due to falling prices in the wind power sector and intensified competition in domestic direct current products [154]. - Ongoing COVID-19 impacts and macroeconomic fluctuations pose risks to the supply chain, including cost increases and delivery delays [158]. - The company plans to strengthen customer credit management and enhance sales personnel performance to mitigate accounts receivable risks [152]. Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12% based on current market trends and demand [163]. - The company plans to invest 100 million RMB in new technology research and development over the next two years to stay competitive in the energy sector [162]. - The management emphasized a commitment to sustainability, with initiatives aimed at reducing carbon emissions by 25% over the next five years [162]. - The company aims to solidify its existing business and maintain market advantages in traditional sectors [199]. - The implementation of the "Two Seas" strategy focuses on driving rapid development in emerging fields [199].

Financial Performance - The company's revenue for Q1 2022 was CNY 423,334,397.68, representing a 47.35% increase compared to CNY 287,300,607.67 in the same period last year[5] - Net profit attributable to shareholders was CNY 8,289,813.63, an increase of 80.27% from CNY 4,598,440.95 year-on-year[5] - Basic earnings per share increased by 50.00% to CNY 0.03 from CNY 0.02 in the same quarter last year[5] - Operating profit for the period was CNY 32,572,025.81, up 165.5% from CNY 12,279,207.23 in Q1 2021[32] - The total comprehensive income for the period was CNY 23,898,764.14, an increase of 80.5% from CNY 13,294,400.62 in the previous year[33] Cash Flow - The net cash flow from operating activities improved to -CNY 30,249,822.03, a 75.91% reduction in losses compared to -CNY 125,557,172.22 in the previous year[5] - Cash received from sales increased by 188.74% to CNY 311,190,305.25, indicating improved cash flow from operations[11] - The company reported a net cash outflow from operating activities of CNY -30,249,822.03, an improvement from CNY -125,557,172.22 in Q1 2021[36] - The cash and cash equivalents at the end of Q1 2022 amounted to 136,170,113.71 CNY, down from 224,393,854.81 CNY at the end of Q1 2021, reflecting a decline of approximately 39.2%[37] - The company experienced a decrease in cash and cash equivalents by 53,297,048.88 CNY in Q1 2022, compared to a decrease of 127,976,558.16 CNY in Q1 2021[37] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 2,513,753,425.90, a 4.08% increase from CNY 2,415,317,119.26 at the end of the previous year[6] - The company's total equity increased to CNY 1,150,066,981.42, up from CNY 1,128,112,353.64, reflecting a growth of 1.9%[32] - Total liabilities rose to CNY 1,363,686,444.48, compared to CNY 1,287,204,765.62 at the end of the previous year, indicating a growth of 5.9%[32] - The company’s total current liabilities increased from 981,682,310.38 RMB to 1,035,381,670.27 RMB, showing an increase of approximately 5.5%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,154, with no preferred shareholders[13] - The top shareholder, Li Qi, holds 15.45% of shares, totaling 43,384,327 shares, with 33,262,895 shares under lock-up[13] - The company has 3,371,560 shares in its repurchase account, accounting for 1.20% of the total share capital[14] - The company approved a share repurchase plan with a total fund of no less than CNY 25 million and no more than CNY 50 million, with a maximum repurchase price of CNY 14.00 per share[18] - The company repurchased a total of 3,371,560 shares, accounting for 1.20% of the total share capital, with a total payment of 30,053,977.40 RMB[19] Research and Development - Research and development expenses rose by 38.67% to CNY 20,612,964.20, reflecting increased investment in R&D activities[11] - Research and development expenses increased to CNY 20,612,964.20, up 38.5% from CNY 14,864,499.89 in the same quarter last year[32] Other Financial Activities - The company received government subsidies amounting to CNY 4,815,583.84, contributing positively to its financial performance[8] - The company reported a cash inflow from borrowings of CNY 10,000,000, a decrease of 100% compared to the previous period due to reduced short-term funding needs[12] - Cash paid for debt repayment was CNY 1,093,814.64, down 96.38% from CNY 30,250,580.00 in the previous period, influenced by the maturity of short-term loans[12] - The company paid 1,688,677.76 CNY in dividends and interest during Q1 2022, compared to 2,321,771.80 CNY in Q1 2021[37] Audit and Reporting - The company did not undergo an audit for the Q1 2022 report, indicating that the figures presented are unaudited[38] - The company’s board of directors released the Q1 2022 report on April 21, 2022[39]

Financial Performance - The company's revenue for Q3 2021 reached ¥423,537,638.45, representing a 34.67% increase compared to the same period last year[5] - The net profit attributable to shareholders was ¥18,942,011.50, an increase of 13.47% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥17,632,173.31, up 37.32%[5] - Year-to-date revenue as of Q3 2021 totaled ¥1,062,653,622.23, reflecting a 29.66% increase compared to the same period last year[5] - Total operating revenue for Q3 2021 reached ¥1,062,653,622.23, an increase of 29.7% compared to ¥819,565,109.59 in Q3 2020[40] - Operating profit for Q3 2021 was ¥77,772,135.84, compared to ¥61,854,877.32 in Q3 2020, representing a growth of 25.7%[40] - Net profit for Q3 2021 after tax was ¥64,894,200.98, an increase of 49.5% from ¥43,563,202.42 in Q3 2020[40] - The net profit for Q3 2021 was CNY 64,894,200.98, an increase from CNY 56,563,202.42 in the same period last year[41] - The net profit attributable to the parent company was CNY 35,759,992.81, down from CNY 43,885,893.32 year-over-year[41] - The total comprehensive income for the period was CNY 64,894,200.98, compared to CNY 55,981,165.47 in the previous year[41] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥91,623,462.97, which is a 40.62% increase in outflow compared to the previous year[5] - Cash inflows from operating activities totaled CNY 725,677,809.75, up from CNY 440,116,421.62 in the previous year[43] - Cash outflows from operating activities increased to CNY 817,301,272.72 from CNY 594,405,366.48 year-over-year[43] - The net cash flow from operating activities was negative at CNY -91,623,462.97, an improvement from CNY -154,288,944.86 in the previous year[43] - The net cash flow from investing activities was CNY -47,880,827.28, compared to CNY -84,134,687.40 in the same period last year[44] - The net cash flow from financing activities was CNY -65,907,482.50, a decrease from CNY 151,534,185.88 in the previous year[44] - The ending cash and cash equivalents balance was CNY 146,213,794.04, up from CNY 126,071,760.28 year-over-year[44] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥2,206,483,740.17, a slight increase of 0.17% from the end of the previous year[6] - Total liabilities decreased to ¥1,133,148,951.38 from ¥1,178,703,958.85, a reduction of 3.9%[38] - Shareholders' equity increased to ¥1,073,334,788.79, up from ¥1,024,106,489.10, reflecting a growth of 4.8%[38] - Current liabilities totaled CNY 897,031,698.28, with short-term borrowings at CNY 240,419,967.52 and accounts payable at CNY 349,069,879.15[48] - Non-current liabilities reached CNY 281,672,260.57, including long-term borrowings of CNY 65,636,740.00 and bonds payable of CNY 182,668,426.88[48] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,753[15] - The largest shareholder, Li Qi, holds 16.87% of shares, totaling 47,128,527 shares, with 10,000,000 shares pledged[15] - The company has repurchased a total of 2,999,060 shares, accounting for 1.07% of the total share capital, with a total expenditure of 25,054,491.40 RMB[23] - The highest transaction price for repurchased shares was 13.86 RMB per share, while the lowest was 7.68 RMB per share[23] - The company completed the repurchase and cancellation of 340,470 restricted stocks from 14 departing incentive recipients, reducing the number of incentive recipients from 149 to 135[32] Investments and R&D - Research and development expenses for the year-to-date period reached ¥52,550,545.50, a 37.20% increase compared to the same period last year, indicating a significant investment in innovation[12] - The company established the Qingdao Gaolan Jianhua Industrial Investment Fund with a total fund size of RMB 100 million, contributing RMB 80 million as a limited partner[27] - The company also set up the Guangdong Foshan Danlu Gaolan Equity Investment Partnership with a total fund size of RMB 42.1 million, contributing RMB 22 million[28] - The company established a wholly-owned subsidiary, Hainan Gaolan Technology Co., Ltd., with an investment of RMB 50 million[31] Other Notable Events - The company was re-certified as a high-tech enterprise, valid for three years, as of December 9, 2020[29] - The company was awarded the title of "Specialized, Refined, Characteristic, and Innovative 'Little Giant' Enterprise" by the Ministry of Industry and Information Technology, valid for three years[33] - The company disposed of its 20% stake in Hunan Senge Precision Machinery Co., Ltd., receiving a total payment of RMB 1.2138 million[34] - The company reduced the shareholding of a major shareholder, Wu Wenwei, below 5% by selling 850,000 shares, accounting for 0.31% of the total share capital[30] Audit and Reporting - The company did not conduct an audit for the third-quarter report[50] - The report was released by the board of directors on October 27, 2021[52]

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2021, representing a year-on-year increase of 15%[2]. - The net profit attributable to shareholders was RMB 50 million, up 20% compared to the same period last year[2]. - The company's operating revenue for the reporting period was ¥639,115,983.78, representing a 26.54% increase compared to ¥505,053,901.04 in the same period last year[26]. - The net profit attributable to shareholders decreased by 38.15% to ¥16,817,981.31 from ¥27,192,793.26 year-on-year[26]. - The net profit after deducting non-recurring gains and losses fell by 55.70% to ¥10,622,847.27 compared to ¥23,978,362.28 in the previous year[26]. - The net cash flow from operating activities improved by 55.09%, reaching -¥49,253,105.52, compared to -¥109,682,599.81 in the same period last year[26]. - The company achieved operating revenue of CNY 639.12 million, a year-on-year increase of 26.54%[47]. - The net profit attributable to shareholders was CNY 16.82 million, a year-on-year decrease of 38.15%[47]. - The company reported a significant increase in financial expenses by 153.12% to approximately CNY 13.40 million, primarily due to convertible bond interest amortization[82]. - The operating costs increased by 30.71% to approximately CNY 455.32 million, in line with the revenue growth[82]. Research and Development - The company plans to invest RMB 100 million in R&D for new cooling technologies in the next fiscal year[2]. - Research and development expenses increased by approximately CNY 8.89 million compared to the same period last year, reflecting the company's commitment to new product development[48]. - The company is investing in research and development for energy storage battery thermal management technologies, with existing solutions for liquid cooling products and systems[35]. - The company has a strong R&D team with a competitive incentive scheme, ensuring stability and continuity in technology[70]. - The company employs an interactive R&D model that enhances efficiency and customer engagement throughout the product lifecycle[71]. Market Expansion and Strategy - The company has expanded its market presence in Southeast Asia, achieving a 30% growth in sales in that region[2]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[2]. - The company plans to expand its market presence in the high-voltage direct current sector, aligning with national energy development strategies[49]. - The company is actively involved in the research and manufacturing of cooling systems for high-voltage direct current projects, contributing to the innovation-driven development strategy[52]. - The company is expanding its market presence and product applications in the renewable energy sector, particularly in wind and solar power, to capitalize on industry growth opportunities[120]. Product Development - New product launches include a flexible AC transmission system, expected to contribute an additional RMB 20 million in revenue by year-end[2]. - The company has expanded its product applications into various sectors, including oil and petrochemicals, rail transportation, military, medical equipment, data centers, and energy storage stations[34]. - The company has developed a customized and modular product structure, improving reliability and stability while controlling costs effectively[66]. - The company’s subsidiary, Dongguan Silicon Xiang, has strengthened R&D investment to develop new products in the automotive electronics sector, responding to increasing market demand[61]. Financial Management - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[2]. - The company has established a procurement model based on "sales-driven ordering" and maintains a certain level of inventory for standardized products[39]. - The company has a rapid response capability to customer needs, with a 24-hour emergency service mechanism in place[77]. - The company focuses on customized production and has established a stable supply chain with long-term partnerships with key suppliers[40]. Risks and Challenges - Risks associated with supply chain disruptions have been identified, and the company is implementing strategies to mitigate these risks[2]. - The company faces risks related to the integration of Dongguan Silicon Xiang, which was acquired in 2019, and must effectively manage this integration to avoid management risks and cultural conflicts[125]. - The company has identified several factors that could impact downstream market demand, including economic development levels, national industrial policies, and technological advancements in high-voltage transmission and renewable energy generation[117]. - The company is monitoring the legal environment and national industrial policies to adjust its business strategies accordingly and mitigate risks[118]. Environmental and Compliance - The company has maintained a focus on environmental protection and safety, achieving continuous compliance with emissions standards[141]. - There were no significant environmental penalties or issues reported during the reporting period, and the company maintains compliance with environmental standards[141]. - The company has not engaged in any significant related party transactions or non-operating fund occupation during the reporting period[146][147]. Shareholder and Corporate Governance - The company held three shareholder meetings during the reporting period, with investor participation rates of 30.04%, 24.70%, and 18.29% respectively[130]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[132]. - The company has a diverse shareholder base, with significant stakes held by both individual and institutional investors, indicating strong market interest[196]. - The company remains committed to maintaining transparency and compliance with regulatory requirements regarding shareholder disclosures and transactions[199].

Financial Performance - The company's revenue for Q1 2021 was CNY 287,300,607.67, representing a 37.73% increase compared to CNY 208,597,102.72 in the same period last year[9] - Net profit attributable to shareholders was CNY 4,598,440.95, an increase of 82.65% from CNY 2,517,565.55 year-on-year[9] - The net profit after deducting non-recurring gains and losses was CNY 2,438,091.90, up 54.17% from CNY 1,581,382.52 in the previous year[9] - The basic earnings per share increased to CNY 0.02, doubling from CNY 0.01 in the same period last year[9] - The weighted average return on equity rose to 0.50%, up from 0.30% year-on-year[9] - The total operating revenue for the first quarter of 2021 was CNY 287.30 million, compared to CNY 208.60 million in the same period last year, representing an increase of approximately 37.8%[65] - The total comprehensive income for the quarter was CNY 13,294,400.62, compared to CNY 4,096,698.78 in the previous year[68] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,194,477,153.94, a slight decrease of 0.38% from CNY 2,202,810,447.95 at the end of the previous year[9] - The total liabilities decreased to CNY 1,157.61 million from CNY 1,178.70 million, indicating a reduction of about 1.8%[59] - The total owner's equity as of March 31, 2021, was CNY 1,036.87 million, up from CNY 1,024.11 million, indicating an increase of approximately 1.2%[60] - The total current assets amounted to CNY 1,630,750,784.56, slightly down from CNY 1,665,471,303.32, reflecting a decrease of approximately 2.1%[57] - The total non-current assets rose to CNY 563.73 million from CNY 537.34 million, an increase of approximately 4.9%[58] Cash Flow - The net cash flow from operating activities was negative at CNY -125,557,172.22, worsening by 75.69% compared to CNY -71,466,398.49 in the same period last year[9] - The cash inflow from operating activities was CNY 112,802,137.51, a decrease from CNY 169,645,881.08 in the previous period[74] - The cash inflow from sales of goods and services was CNY 107,775,021.51, down from CNY 166,949,842.08 in the previous period, reflecting a decline in revenue generation[74] - The cash outflow for purchasing goods and services was CNY 139,755,791.21, a decrease from CNY 157,307,355.28 in the prior period, indicating cost management efforts[75] - The net cash increase for the period was CNY -127,976,558.16, compared to CNY -112,528,400.66 in the previous period, reflecting ongoing cash flow challenges[76] Investments and R&D - Research and development expenses increased by 31.36% to approximately ¥14.86 million, reflecting higher direct investments in R&D projects[20] - The company is increasing its investment in R&D for new products and technologies to enhance its core competitiveness and reduce costs[26] - The company approved an investment of RMB 80 million as a limited partner in a fund with a total scale of RMB 100 million, in collaboration with professional investment institutions[43] Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 15,106[13] - The company elected a new board of directors and supervisory board on February 25, 2021, with key appointments including Mr. Li Qi as the chairman of the board[39] - The company plans to repurchase shares with a total fund of no less than RMB 25 million and no more than RMB 50 million, with a maximum repurchase price of RMB 8.50 per share[45] Risks and Challenges - The company is facing significant risks related to large accounts receivable, which could lead to cash flow pressures and operational risks if customer performance declines[30] - The company has identified potential risks in maintaining its gross margin due to increased competition and price declines in the wind power sector[32] - The company is actively monitoring the legal environment and national industrial policies to adjust its business strategies and mitigate risks[29] Strategic Initiatives - The company is focusing on expanding its direct water cooling business and developing new energy water cooling solutions, with a strong emphasis on electric drive water cooling applications[25] - The company is committed to improving its supply chain management and enhancing its global engineering operations to meet service demands[27] - The company is collaborating with professional investment institutions to establish a fund, indicating a focus on strategic investments[44]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[15]. - The company's operating revenue for 2020 was CNY 1,228,232,281.86, representing a 50.37% increase compared to CNY 816,824,961.24 in 2019[20]. - The net profit attributable to shareholders for 2020 was CNY 80,982,567.77, up 50.83% from CNY 53,692,818.95 in 2019[20]. - The net profit after deducting non-recurring gains and losses was CNY 73,407,756.90, an increase of 83.45% from CNY 40,014,962.32 in 2019[20]. - The total assets at the end of 2020 were CNY 2,202,810,447.95, a 15.17% increase from CNY 1,912,721,072.46 at the end of 2019[20]. - The net assets attributable to shareholders at the end of 2020 were CNY 924,421,488.42, reflecting a 23.64% increase from CNY 747,651,248.84 at the end of 2019[20]. - The company reported a negative net cash flow from operating activities of CNY -71,549,315.54 in 2020, compared to a positive CNY 52,399,896.14 in 2019, marking a 236.54% decrease[20]. - The weighted average return on net assets for 2020 was 10.37%, an increase from 7.63% in 2019[20]. - The basic earnings per share for 2020 were CNY 0.29, up 52.63% from CNY 0.19 in 2019[20]. Research and Development - The company plans to invest RMB 200 million in R&D for new energy cooling technologies in 2021, aiming to enhance product efficiency by 20%[15]. - The company invested CNY 56.82 million in R&D, representing a 24.25% increase year-on-year, which accounted for 4.63% of the total revenue[73]. - The number of R&D personnel was 285 in 2020, accounting for 22.57% of the total workforce[97]. - R&D investment increased from CNY 42,502,131.41 in 2018 to CNY 56,824,326.28 in 2020, showing a growth trend[97]. - The company is actively involved in the research and development of new products, including liquid cooling systems for power batteries[29]. - The company has developed a high-temperature aluminum heating plate that meets temperature resistance requirements, enhancing product competitiveness[97]. - The integration of water cooling and PTC heating solutions is being promoted, aiming to improve product offerings[97]. - The company is focusing on the development of graphene heating films to enhance product line diversity and market competitiveness[97]. - The company is working on a model-based automated design technology to improve efficiency in water cooling system design[97]. Market Expansion and Strategy - The company has set a revenue target of RMB 1.5 billion for 2021, reflecting a growth forecast of 25%[15]. - User data indicates a 25% increase in demand for pure water cooling systems in the renewable energy sector[15]. - The company is exploring strategic partnerships for market expansion in Southeast Asia, targeting a 15% market penetration by 2023[15]. - The company has expanded its business into the automotive electronics sector through the acquisition of 51% of Dongguan Silicon Xiang Insulation Materials Co., Ltd., which focuses on thermal management for new energy vehicle batteries[29]. - The company is actively pursuing market expansion and strategic acquisitions, including the purchase of a 51% stake in Dongguan Silicon Xiang Insulation Materials Co., Ltd., which has generated a cumulative benefit of ¥2.26 million[76]. - The company is expanding into new fields such as military, petrochemical, shipbuilding, nuclear power, rail transportation, and medical equipment, with a focus on market promotion of new products[139]. Sustainability and Future Outlook - Future outlook includes a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025 through innovative product designs[15]. - The company plans to enhance its research and development in energy-saving technologies and cooling equipment, aligning with national energy efficiency goals[123]. - The company is committed to innovation and has developed a comprehensive industrial research, production, and sales system, ensuring a competitive edge in the market[48]. - The company is strategically adjusting its operations, including the planned deregistration of its wholly-owned subsidiary in the United States[123]. - The company aims to strengthen integration management of Dongguan Silicon Xiang to ensure performance commitments are met and avoid goodwill impairment risks[150]. Financial Management and Investments - No cash dividends will be distributed for the fiscal year 2020, as the company focuses on reinvestment for growth[6]. - The company successfully completed the issuance of CNY 280 million in convertible bonds to fund the acquisition of a 51% stake in Dongguan Silicon Xiang Insulation Materials Co., Ltd.[70]. - The company has committed to investing RMB 50,039.6 million in various projects, with a cumulative investment of RMB 29,738.41 million[114]. - The company plans to continue managing raised funds in dedicated accounts to ensure proper allocation and usage[113]. - The company has a clear profit distribution policy, with a total distributable profit of CNY 319,349,101.76 and no cash dividends declared for the reporting period[156]. Risks and Challenges - The company faces risks related to market demand fluctuations in downstream applications, which could significantly impact revenue and profit[143]. - The company has a large accounts receivable balance, which poses financial pressure and operational risks if customer performance declines[145]. - The company is at risk of declining gross margins due to falling prices in the wind power sector and increased competition in domestic direct current products[147]. - The company plans to enhance its credit management and strengthen the collection of accounts receivable to mitigate financial risks[146]. Compliance and Governance - The company has confirmed that all commitments are currently being fulfilled[168]. - The company has a long-term commitment to avoid any business competition and will not invest in or assist competing enterprises[168]. - The company has a commitment to maintain a minimum selling price for shares at or above the latest audited net asset value per share[168]. - The company has not violated any commitments regarding tax payments and legal responsibilities during the reporting period[168].

Financial Performance - Operating revenue for the reporting period was ¥314,511,208.55, representing a year-on-year increase of 74.94%[10] - Net profit attributable to shareholders was ¥16,693,100.06, up 59.26% year-on-year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,840,411.12, an increase of 63.01% compared to the same period last year[10] - The company reported a net profit of CNY 378,540,440.21 for the period, compared to CNY 349,487,799.27 in the previous year, marking an increase of approximately 8.3%[42] - The total operating revenue for the third quarter was CNY 314,511,208.55, compared to CNY 179,779,570.36 in the previous period, representing an increase of approximately 75%[47] - The net profit for the period was CNY 22,473,547.92, compared to CNY 10,481,926.99 in the same period last year, reflecting a growth of approximately 114%[49] - The net profit for the third quarter of 2020 was CNY 3,175,986.23, compared to a net loss of CNY 11,381,931.64 in the previous year, indicating a significant turnaround[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,063,793,105.57, an increase of 7.90% compared to the end of the previous year[10] - As of September 30, 2020, total assets amounted to CNY 2,063,793,105.57, an increase from CNY 1,912,721,072.46 at the end of 2019[42] - Total liabilities rose to CNY 1,192,476,268.72 from CNY 1,087,274,654.08, indicating an increase of about 9.6%[41] - The total assets increased to CNY 1,413,174,377.43 from CNY 1,281,425,633.10, marking a growth of about 10.3%[45] - Total liabilities rose to CNY 717,525,614.66 from CNY 603,187,307.68, which is an increase of approximately 19%[45] - The company's equity attributable to shareholders increased to CNY 780,573,170.65 from CNY 747,651,248.84, a growth of approximately 4.4%[42] Cash Flow - The net cash flow from operating activities was -¥44,606,345.05, a decrease of 2.46% year-on-year[10] - The cash flow from operating activities increased by 32.45% to ¥9,930,290.57, mainly due to the recovery of bid deposits[23] - The net cash flow from investment activities decreased by 174.21% to -84,134,687.40 CNY, primarily due to increased investment activities related to the acquisition of Dongguan Silicon Xiang and payments for the acquisition[24] - The net cash flow from financing activities increased by 55.02% to 151,534,185.88 CNY, mainly due to increased bank financing[24] - The cash flow from operating activities showed a net outflow of CNY 154,288,944.86, worsening from a net outflow of CNY 138,356,843.03 in the previous year[65] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,435[14] - The largest shareholder, Li Qi, holds 16.93% of the shares, with 41,615,666 shares pledged[14] Government Support and Subsidies - The company received government subsidies amounting to ¥8,971,911.67 during the reporting period[11] Research and Development - Research and development expenses for the quarter were CNY 12,206,342.94, slightly up from CNY 11,958,321.62, indicating a focus on innovation[48] - Research and development expenses for the third quarter of 2020 amounted to CNY 38,303,192.45, compared to CNY 32,250,977.71 in the previous year, showing an increase of approximately 18.8%[55] Acquisitions and Investments - Operating revenue for the first nine months of 2020 reached ¥819,565,109.59, a 43.59% increase compared to ¥570,769,430.74 in the same period of 2019, driven by the acquisition of Dongguan Silicon Xiang and increased revenue from direct current cooling products[23] - Long-term borrowings increased significantly by 16,530.61% to ¥99,783,680.00, primarily due to acquisition financing[22] - The company is in the process of issuing convertible bonds, with the application approved by the Shenzhen Stock Exchange on September 17, 2020[29] - A new wholly-owned subsidiary, Rudong Gaolan Energy Saving Technology Co., Ltd., was established in Jiangsu Nantong with a registered capital of 1 million CNY[30] Financial Management - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[35] - There were no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[33] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[78] - The report indicates a significant amount of other payables at CNY 270,440,604.39, which may require further analysis for liquidity management[77]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[15]. - The company's operating revenue for the reporting period was ¥505,053,901.04, representing a 29.17% increase compared to ¥390,989,860.38 in the same period last year[21]. - The net profit attributable to shareholders was ¥27,192,793.26, up 7.67% from ¥25,255,070.06 year-on-year[21]. - The company achieved a revenue of 505.05 million yuan, representing a year-on-year growth of 29.17%[36]. - The net profit attributable to shareholders was 27.19 million yuan, with a year-on-year increase of 7.67%[36]. - The company reported a total revenue of 257.25 million yuan, with a net profit of 43.07 million yuan, reflecting a strong performance in the first half of the year[96]. - The company's net profit for the first half of 2020 was CNY 25,957,656.92, a decrease of 39.5% compared to CNY 42,823,884.88 in the same period of 2019[192]. - The company reported a total comprehensive income of CNY 25,406,143.73 for the first half of 2020, a decrease of 40.0% from CNY 42,823,884.88 in the previous year[193]. Research and Development - The company plans to invest RMB 100 million in R&D for new cooling technologies in the next fiscal year[15]. - The company is actively involved in the R&D and manufacturing of cooling systems for high-voltage direct current projects, indicating a commitment to innovation[39]. - The company has developed a second-generation independent liquid cooling system for power batteries and is working on the design of the third generation, with multiple battery pack liquid cooling plate designs completed[64]. - Research and development investment rose by 28.60% to ¥26,096,849.51, driven by the acquisition of Dongguan Silicon Xiang[70]. - The company has a high-quality R&D team and has implemented competitive compensation schemes to ensure stability and continuity in technology[51]. Market Expansion and Strategy - The company has expanded its market presence in Southeast Asia, achieving a 30% growth in sales in that region[15]. - A new product line for electric vehicle battery thermal management is set to launch in Q4 2020, targeting a market share of 10%[15]. - The management has outlined a strategic goal to achieve a revenue target of RMB 1 billion by the end of 2021[15]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[15]. - The company continues to expand its "three new" business areas, including new products, new fields, and new regions, with successful bids in the medical field[65]. Financial Position and Assets - The company's total assets at the end of the reporting period were ¥1,942,177,059.19, a 1.54% increase from ¥1,912,721,072.46 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 2.11% to ¥763,418,291.17 from ¥747,651,248.84 at the end of the previous year[21]. - The company's equity attributable to shareholders rose to CNY 763,418,291.17 from CNY 747,651,248.84, reflecting an increase of about 2%[181]. - The company's total liabilities amounted to CNY 1,093,795,549.68, slightly up from CNY 1,087,274,654.08[180]. Cash Flow and Financing - The company reported a negative net cash flow from operating activities of ¥109,682,599.81, which is an 18.41% increase in outflow compared to ¥92,626,249.98 in the same period last year[21]. - The net cash flow from operating activities was -CNY 109,682,599.81, worsening from -CNY 92,626,249.98 in the same period last year[196]. - Cash and cash equivalents at the end of the period were CNY 132,274,048.62, down from CNY 142,094,263.36 at the end of the first half of 2019[196]. - The company incurred a cash outflow of CNY 147,850,180.99 in financing activities, which was higher than CNY 86,631,188.38 in the first half of 2019[196]. Risks and Challenges - Risks related to supply chain disruptions have been identified, with mitigation strategies in place to address these challenges[6]. - The company faces risks related to the demand fluctuations in downstream markets, which could significantly impact its operating income and profits[98]. - The global COVID-19 pandemic has increased macroeconomic pressures, potentially leading to reduced overseas demand and supply chain disruptions affecting production[106]. - The company emphasizes the importance of monitoring legal environments and national policies to adjust its business strategies accordingly[99]. Corporate Governance and Compliance - The semi-annual financial report was not audited[114]. - There were no major litigation or arbitration matters during the reporting period[117]. - The company has not conducted any targeted poverty alleviation work during the reporting period and has no subsequent plans[139]. - The company has passed multiple certifications for environmental management and occupational health and safety[138]. Shareholder and Equity Information - The company implemented an employee stock ownership plan, granting 397.19 million shares to 161 incentive objects at a price of 6.51 yuan per share[122]. - The company distributed cash dividends of 14.88 million yuan, with a bonus share distribution of 61.99 million shares based on a 10-for-5 ratio[122]. - The total number of common shareholders at the end of the reporting period is 11,292[159]. - Major shareholder Li Qi holds 18.26% of shares, totaling 50,823,904 shares, with a pledge of 23,250,000 shares[159].