Financial Performance - The company's revenue for Q1 2023 was ¥157,004,837.54, representing a 26.77% increase compared to ¥123,854,048.81 in the same period last year[5] - The net profit attributable to shareholders was -¥33,373,935.16, a decrease of 4.29% from -¥32,002,285.04 year-on-year[5] - The company's basic earnings per share were -¥0.2258, reflecting a 4.30% decrease from -¥0.2165 in the same period last year[5] - Net loss for Q1 2023 was CNY 33,695,433.04, compared to a net loss of CNY 31,400,090.24 in Q1 2022, reflecting a decline in profitability[22] - Basic earnings per share for Q1 2023 was -0.2258, compared to -0.2165 in Q1 2022, indicating a slight deterioration in earnings performance[23] Cash Flow - The net cash flow from operating activities was -¥157,029,516.92, a significant decline of 424.59% compared to -¥29,933,757.96 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 157,029,516.92, worsening from a net outflow of CNY 29,933,757.96 in the same quarter last year[26] - The net cash flow from investment activities was -54,280,365.66, a decrease from -142,758,463.95 in the previous year[27] - Cash inflow from financing activities totaled 349,650,365.72, significantly up from 60,853,748.64 in the same quarter last year[27] - The net cash flow from financing activities increased to 237,328,042.54, compared to 10,898,431.02 in the previous year[27] - The net increase in cash and cash equivalents was 26,005,646.47, contrasting with a decrease of -161,815,938.31 in the same quarter last year[27] - The ending balance of cash and cash equivalents was 125,986,831.71, down from 136,026,145.33 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,543,278,562.31, a slight increase of 0.11% from ¥2,540,561,795.44 at the end of the previous year[5] - The total liabilities of the company reached CNY 1,513,603,396.71, up from CNY 1,480,192,389.65, indicating an increase of approximately 2.3%[19] - Total current liabilities increased to CNY 1,324,942,114.52 from CNY 1,281,351,249.31, marking a rise of about 3.4%[19] - The company's long-term investments decreased to CNY 40,223,573.22 from CNY 42,565,104.35, a decline of about 5.5%[18] - The company's capital reserve increased to CNY 614,668,859.36 from CNY 611,613,904.95, showing a growth of approximately 0.5%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,688[10] - The top shareholder, Li Youcai, holds 14.97% of the shares, amounting to 22,124,190 shares, with a portion pledged[10] Operating Costs and Expenses - The company's operating costs increased by 32.32% to ¥111,464,127.49, driven by higher sales volume[8] - Total operating costs rose to CNY 200,946,882.87, up 25.6% from CNY 159,953,594.13 year-on-year[20] - Research and development expenses increased to CNY 43,071,353.96, up 11.9% from CNY 38,542,661.47 in the previous year[20] - The financial expenses rose significantly by 176.63% to ¥6,616,064.10 due to an increase in interest-bearing liabilities[8] Inventory and Receivables - Accounts receivable decreased to CNY 551,646,682.97 from CNY 600,391,842.79, indicating a reduction of about 8.1%[17] - Inventory rose to CNY 493,152,016.95 from CNY 444,540,092.46, reflecting an increase of approximately 10.9%[18] Other Financial Metrics - The company reported a decrease in investment income, with a loss of CNY 2,240,033.05 compared to a gain of CNY 362,311.70 in the previous year[22] - Other comprehensive income after tax was a loss of CNY 56,693.06, compared to a loss of CNY 7,981.48 in the previous year[22] - The company plans to issue up to 44,335,168 A-shares, aiming to raise no more than CNY 120,000,000.00, with the issuance targeting no more than 35 specific investors[15]

Financial Performance - The company achieved operating revenue of 128,022.54 million RMB, an increase of 57.92% year-on-year[4]. - The net profit attributable to shareholders was 8.94 million RMB, a decrease of 88.24% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -10.88 million RMB, a decrease of 117.58% year-on-year[4]. - The company's operating revenue for 2022 was CNY 1,280,225,391.64, representing a 57.92% increase compared to CNY 810,691,623.03 in 2021[22]. - The net profit attributable to shareholders decreased by 88.24% to CNY 8,945,557.30 from CNY 76,045,638.81 in the previous year[22]. - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 236,737,791.77, compared to an outflow of CNY 28,041,366.05 in 2021, marking a 744.24% decrease[22]. - The total assets at the end of 2022 were CNY 2,540,561,795.44, a 27.57% increase from CNY 1,991,462,260.63 at the end of 2021[22]. - The total net assets attributable to shareholders at the end of 2022 were CNY 1,057,025,927.41, a slight increase of 1.05% from CNY 1,046,080,903.98 at the end of 2021[22]. - The company reported a basic earnings per share of CNY 0.0605, down 88.32% from CNY 0.5182 in 2021[22]. - The company's revenue from equipment manufacturing reached ¥1,180,192,609.71, with a year-on-year increase of 71.21%[78]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.10 RMB per 10 shares (including tax) to all shareholders[5]. - The company distributed cash dividends of RMB 0.55 per 10 shares, totaling RMB 8,128,114.28, based on a total share capital of 147,783,896 shares[181]. - The cash dividend distribution accounted for 100% of the total distributable profit of RMB 253,720,459.21[184]. Risks and Challenges - The company faces risks including macroeconomic fluctuations, accounts receivable bad debt, tax policy changes, raw material cost volatility, and market competition[4]. - The company is facing risks from fluctuations in raw material costs, particularly for aluminum, copper, and chips, which have seen significant price increases due to inflation and international conditions[135]. - The company recognizes the potential impact of macroeconomic fluctuations on its business and plans to adapt its scale and market strategies accordingly[132]. Research and Development - The company invested CNY 172.58 million in R&D in 2022, accounting for 13.48% of its total revenue, showing a year-on-year increase in investment[45]. - The company holds a total of 408 authorized patents, including 50 invention patents, 304 utility model patents, and 54 design patents as of the end of the reporting period[45]. - The company has established a comprehensive R&D system, including a future technology innovation laboratory and multiple research institutes, enhancing its core technology capabilities[63]. - The company plans to invest 100 million RMB in R&D for new technologies over the next three years, focusing on sustainable energy solutions[161]. Market Position and Strategy - The company is positioned in the midstream of the lithium-ion battery industry, focusing on the R&D and sales of lithium battery equipment and energy storage products[32]. - The company aims to expand its business into energy storage and high-power fast charging sectors while maintaining its core advantages in lithium battery testing[43]. - The company is actively participating in the new infrastructure construction and charging operation services in response to national policies[43]. - The company is focusing on expanding its market presence through new product development and technological advancements[87]. - The company plans to enhance its market presence through strategic partnerships and potential acquisitions in the energy sector[83]. Governance and Compliance - The company has established a governance structure comprising a shareholders' meeting, board of directors, supervisory board, and management team, ensuring clear responsibilities and checks and balances[140]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with relevant laws and regulations[142]. - The company has maintained independence from its controlling shareholder, with no non-operational fund occupation or guarantees provided to the controlling shareholder[141]. - The company disclosed information accurately and timely, adhering to regulations and ensuring all shareholders have equal access to information[143]. Employee and Talent Development - The company has a strong talent pool, including 6 PhDs and 61 Masters, ensuring high R&D efficiency and technological foresight[66]. - The company has implemented a series of training programs to enhance employee skills and overall quality, including internal and external training sessions[180]. - The total number of employees at the end of the reporting period was 2,641, with 1,249 in production, 422 in sales, and 777 in technical roles[177]. Future Outlook - The company aims for 20% of new car sales to be electric vehicles by 2025, aligning with national policies promoting the growth of the electric vehicle industry[54]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, indicating a projected growth of 25%[161]. - Future outlook includes continued investment in research and development for new technologies in lithium battery applications[83].

欢迎广大投资者积极参与。 特此公告。 证券代码：300648 证券简称：星云股份 公告编号：2023-030 福建星云电子股份有限公司 关于举行 2022 年度报告网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 福建星云电子股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日在 巨潮资讯网披露了《2022 年年度报告》及摘要。为便于广大投资者更深入全面 地了解公司《2022 年年度报告》及经营情况，公司定于 2023 年 5 月 4 日（星期 四）15:00-17:00 通过深圳证券交易所"互动易"平台"云访谈"栏目举办 2022 年度网上业绩说明会，本次年度业绩说明会将采用网络远程的方式举行，投资者 可登录深圳证券交易所"互动易"平台（http://irm.cninfo.com.cn），进入"云访 谈"栏目参与本次说明会。 出席本次年度报告网上业绩说明会的人员有：董事长李有财先生、副总经理 兼董事会秘书许龙飞女士、财务总监吴振峰先生、独立董事郑守光先生、保荐代 表人吕泉鑫先生。 为充分尊重投资者、进一步提升本次业绩说明会 ...

Group 1: Stock Price Management - The company emphasizes the importance of market value management and investor relations, actively engaging with investment institutions to enhance brand image and management standards [1][2] - The company is closely monitoring factors affecting stock prices and will ensure timely information disclosure [2] Group 2: Shareholder Actions - As of now, the company has not received any reduction plans from shareholders regarding the stocks that will be unlocked in April [2] Group 3: Capacity Expansion and Revenue - The company plans to focus on the development of chemical formation equipment in 2018, with expectations to achieve revenue within the same year [2] - The company is expanding its product applications and lines into high-potential markets such as energy storage and charging stations [2] Group 4: Product Development and Market Position - The chemical formation equipment has completed development and testing, with some products currently in trial operation with clients [3] - The company is in discussions with major domestic battery manufacturers for business cooperation, anticipating revenue generation this year [3] Group 5: Order Volume and Market Trends - The company's order volume has shown growth compared to the same period last year, particularly in traditional lithium battery testing equipment [3] - The lithium battery industry is undergoing a reshuffle and integration, with the company focusing on mid-to-high-end clients and innovation in product technology [3] Group 6: Financial Health - The company reported negative cash flow in the third quarter of 2017, primarily due to clients settling payments with acceptance bills [4] - The company is currently in a stable growth phase, with increasing operating income and associated tax payments [4] Group 7: Competitive Advantages - The company boasts a highly experienced and efficient R&D team, strong product development capabilities, and high product accuracy and stability [4][5] - The company has established long-term stable relationships with a large number of high-quality benchmark clients in the industry [5]

Group 1: Company Performance and Inventory - The company's inventory value at the end of Q1 2022 was 528 million, primarily related to orders, with a small portion for general stock, including special components and electronic materials [2][3]. Group 2: Business Strategy and Capacity Planning - The company plans to enhance its capacity in the chemical composition business to meet increasing customer demands, with current capacity already meeting basic needs [3]. - The company aims to maintain high gross margin products while expanding lower-margin scalable products as part of its long-term strategic direction [3]. Group 3: Future Business Directions - In 2022, the company anticipates growth in its energy storage business driven by the adoption of high-voltage electric vehicles, leading to increased demand for fast charging solutions [3]. - The company’s detection service business has received customer recognition and is expected to grow alongside increased R&D investments from clients [4]. Group 4: Shareholder Actions - The major shareholder, Mr. Tang, is reducing his holdings primarily due to personal financial needs, with no current plans for other major shareholders to reduce their stakes [3][4].

Group 1: Company Operations and Capacity - The company focuses on enhancing its core detection technology and aims to scale its operations to improve overall business quality [2] - Current production capacity is operating well and is responsive to customer expansion needs [2] - Future capacity planning will be aligned with customer demands, and any significant investment in capacity construction will be disclosed in a timely manner [2] Group 2: Business Development and Market Trends - The company is actively engaged in the development of intelligent ultra-fast charging stations, which align with the trends of low-carbon energy and electric transportation [3] - The growth of the fast charging demand is driven by the accelerated penetration of high-voltage fast-charging vehicles [3] - The intelligent ultra-fast charging stations will serve as important nodes in future energy interconnection, benefiting from flexible construction and minimal impact on the grid [3] Group 3: Research and Development Investment - The company has historically invested a high proportion of its revenue in R&D and will continue to maintain a strong focus on innovation [3] - As the company's revenue scale grows, the proportion of R&D and other expenses relative to income is expected to decrease [3]

Financial Performance - The company's revenue for Q3 2022 was CNY 330,322,783.32, representing a 48.93% increase year-over-year, and a total revenue of CNY 888,224,856.60 for the year-to-date, up 55.15% compared to the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 6,607,291.03 for the quarter, a decrease of 154.86% year-over-year, with a year-to-date loss of CNY 13,865,172.98, down 118.91%[2] - Total operating revenue for the period reached ¥888,224,856.60, a significant increase from ¥572,481,737.80 in the previous period, representing a growth of approximately 55.3%[20] - Net profit for the period was -¥13,531,833.04, a decline from a net profit of ¥81,861,021.80 in the previous year[21] - Operating profit turned negative at -¥32,746,794.85, compared to a profit of ¥85,983,599.03 in the same period last year[21] Assets and Liabilities - The company's total assets increased by 26.88% to CNY 2,526,859,974.63 compared to the end of the previous year[2] - Total assets reached ¥2,526,859,974.63, up from ¥1,991,462,260.63, indicating a growth of about 26.8%[19] - Total liabilities increased to ¥1,484,541,201.93 from ¥918,564,001.47, reflecting a rise of approximately 61.5%[19] - Owner's equity decreased to ¥1,042,318,772.70 from ¥1,072,898,259.16, a decline of about 2.8%[19] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 200,879,967.99, a decrease of 145.56% year-to-date[2] - The net cash flow from operating activities for the reporting period was -200,879,967.99, a decrease of 145.56% compared to -81,804,264.73 in the same period last year, primarily due to an increase in sales orders and cash received[9] - The net cash flow from investing activities was -171,331,197.70, representing a 30.95% increase from -130,841,118.89, mainly due to increased cash payments for fixed assets and other long-term assets[9] - The net cash flow from financing activities decreased by 35.77% to 190,259,599.59 from 296,202,096.00, attributed to the completion of a fundraising through a private placement in the previous year[9] - Operating cash flow for the period was a net outflow of CNY 200,879,967.99, compared to a net outflow of CNY 81,804,264.73 in the prior year[25] Inventory and Borrowings - The company's inventory rose by 58.84% to CNY 571,551,026.63, attributed to increased orders and stockpiling[6] - Inventory levels rose to ¥571,551,026.63, compared to ¥359,825,753.64, marking an increase of about 58.7%[19] - Short-term borrowings surged by 187.68% to CNY 359,199,970.50, primarily due to increased bank loans during the reporting period[6] - Short-term borrowings surged to ¥359,199,970.50 from ¥124,861,958.12, representing an increase of approximately 187.2%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,662, with no preferred shareholders having restored voting rights[12] - The top shareholder, Li Youcai, holds 14.97% of shares, amounting to 22,124,190, with 7,070,000 shares pledged[12] - There is an ongoing agreement between major shareholders Li Youcai and Liu Zuobin to act in concert until October 24, 2024, to jointly control the company[13] Expenses and Costs - The gross profit margin for the reporting period was impacted by a significant increase in operating costs, which rose by 115.06% to CNY 664,093,244.24[8] - The company reported a 62.30% increase in selling expenses, totaling CNY 79,068,933.68, mainly due to higher personnel costs[8] - Total operating costs amounted to ¥920,916,742.25, up from ¥495,786,830.85, indicating a rise of about 85.6%[21] - Research and development expenses increased to ¥120,628,850.26 from ¥96,123,814.48, reflecting a growth of approximately 25.5%[21] Cash and Equivalents - The total cash and cash equivalents as of September 30, 2022, were 183,131,681.65, down from 352,681,061.66 at the beginning of the year[17] - Cash and cash equivalents decreased by CNY 181,486,982.10 during the period, ending with a balance of CNY 116,355,101.54[27] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[2] - The company is actively pursuing market expansion and new product development strategies, although specific details were not disclosed in the report[13] Miscellaneous - The company reported a significant increase of 438.29% in the impact of exchange rate changes on cash and cash equivalents, amounting to 464,584.00 compared to -137,333.70 in the previous year[9] - The company received CNY 16,603,467.65 in tax refunds, up from CNY 12,420,343.78 in the previous year[25] - The company reported a total revenue from sales of CNY 539,468,473.52, an increase from CNY 466,503,140.94 in the previous year[24] - The company has not undergone an audit for the Q3 report[28]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥557.90 million, representing a 59.09% increase compared to ¥350.69 million in the same period last year[23]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥7.26 million, a decline of 111.84% from a profit of ¥61.28 million in the previous year[23]. - The net cash flow from operating activities was a negative ¥117.90 million, worsening by 76.62% compared to a negative ¥66.75 million in the same period last year[24]. - The total assets at the end of the reporting period were approximately ¥2.34 billion, an increase of 17.35% from ¥1.99 billion at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company decreased by 0.64% to approximately ¥1.04 billion from ¥1.05 billion at the end of the previous year[24]. - The basic and diluted earnings per share were both negative at ¥-0.0491, a decline of 111.69% from ¥0.42 in the previous year[24]. - The weighted average return on net assets was -0.70%, a decrease of 7.21% compared to 6.51% in the same period last year[24]. - The company's operating costs increased by 142.01%, from ¥172.53 million to ¥417.54 million, primarily due to changes in product sales structure and raw material costs[57]. - The gross margin for lithium battery equipment decreased by 29.58% to 22.45%[60]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for this period[4]. - The report highlights the need for strategic adjustments to address the financial downturn and improve future performance[4]. - The company has established a flexible production management model based on customer demand, transitioning from a customized equipment company to a standardized product company[38]. - The company has developed a comprehensive supply chain system for raw material procurement, ensuring quality while controlling costs[37]. - The company’s R&D is market-driven, focusing on customer needs and technological trends to enhance core competitiveness[37]. - The company has established a good reputation in the downstream industry through collaboration with influential enterprises and participation in professional exhibitions[38]. - The company is actively responding to the national carbon neutrality strategy by developing energy storage products and integrated smart charging stations, contributing to the new energy vehicle ecosystem[42]. - The company has launched the "Xingyun" series of energy storage inverters and charging piles, which are gradually being promoted and sold, aligning with national carbon neutrality goals[52]. - The company is focusing on expanding its market presence and enhancing product offerings to drive future growth[134]. Research and Development - The company has accumulated 290 authorized patents and 64 software copyrights, with R&D investment reaching 75.71 million yuan in the first half of 2022, a 23.81% increase year-on-year[46]. - The company has a workforce of 716 R&D personnel, including 6 PhDs and 53 master's degree holders, indicating a strong emphasis on technical innovation[46]. - The company has established a comprehensive R&D network, including a future technology innovation laboratory and multiple research centers, enhancing its innovation capabilities[50]. - The R&D team consists of 716 personnel, including 6 PhDs and 53 master's degree holders, ensuring strong technical expertise and innovation[54]. - The R&D expenditure increased by 15% year-over-year, reflecting the company's commitment to innovation and technology advancement[132]. Market Trends and Industry Outlook - In the first half of 2022, the domestic production and sales of new energy vehicles reached 2.661 million and 2.6 million units, respectively, with a year-on-year growth of 120%[32]. - The market penetration rate of new energy vehicles in China reached 21.6%[32]. - By 2025, global shipments of power lithium batteries are expected to exceed 1.55 TWh, marking the entry of the power battery industry into the TWh era[32]. - The new energy vehicle industry is projected to achieve a sales volume of 20% of total new car sales by 2025, driven by government policies and market growth[44]. - The overall market outlook remains positive, with expectations of continued growth driven by technological advancements and market expansion efforts[132]. Financial Position and Liabilities - The total liabilities reached CNY 1,293,619,343.45, up from CNY 918,564,001.47, indicating an increase of approximately 40.9%[174]. - Short-term borrowings increased to CNY 229,849,070.18 from CNY 124,861,958.12, reflecting a rise of approximately 83.8%[173]. - The company's cash and cash equivalents decreased to CNY 176,871,149.39 from CNY 352,681,061.66, indicating a decline of about 49.9%[172]. - The total liabilities at the end of the period were reported at 611.9 million yuan, which is a critical factor for assessing the company's leverage[199]. Shareholder Engagement and Corporate Governance - The company held its first temporary shareholders' meeting on January 14, 2022, with an investor participation rate of 47.68%[98]. - The second temporary shareholders' meeting took place on February 9, 2022, with a participation rate of 37.83%[98]. - The annual shareholders' meeting on May 6, 2022, had a participation rate of 48.11%[98]. - A total of 4.047470 million shares of restricted stock were granted to 350 incentive targets as part of the stock incentive plan[103]. - The company has no major related party transactions during the reporting period, including asset or equity acquisitions or sales[118][119]. Risk Management - The company is exposed to risks from macroeconomic fluctuations and potential reductions in investment from downstream lithium battery manufacturers[87]. - The company is actively managing raw material costs and supply chain pressures to mitigate profitability fluctuations[91]. - The competitive landscape in the lithium battery equipment industry remains intense, necessitating ongoing innovation and market expansion efforts[92]. - The company is monitoring the impact of COVID-19 and implementing measures to ensure operational continuity amid potential outbreaks[93].

Financial Performance - The company's revenue for Q1 2022 was ¥123,854,048.81, representing a 2.07% increase compared to ¥121,347,294.02 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥32,002,285.04, a decrease of 261.29% from a profit of ¥19,841,123.70 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 123,854,048.81, an increase from CNY 121,347,294.02 in Q1 2021, representing a growth of approximately 2.06%[22] - Net profit for Q1 2022 was a loss of CNY 31,400,090.24, compared to a profit of CNY 20,130,949.87 in Q1 2021, marking a significant decline[24] - The total comprehensive loss for Q1 2022 was CNY -31,408,071.72, compared to a comprehensive income of CNY 20,130,949.87 in Q1 2021[25] Cash Flow - The net cash flow from operating activities was a negative ¥29,933,757.96, showing a slight improvement of 1.54% compared to the previous year's negative cash flow of ¥30,403,058.98[4] - Cash inflow from operating activities was CNY 268,551,684.33 in Q1 2022, compared to CNY 167,865,933.70 in Q1 2021, showing an increase of about 60%[27] - The company's cash flow from operating activities included CNY 4,031,463.20 received from tax refunds, up from CNY 2,351,841.36 in Q1 2021[27] - The net cash flow from investing activities improved by 41.83% to a negative ¥142,758,463.95, primarily due to reduced purchases of structured deposits[12] - The net cash flow from financing activities was CNY 10,898,431.02, a significant decrease from CNY 343,470,733.58 in the previous year[28] - The net increase in cash and cash equivalents was -CNY 161,815,938.31, compared to an increase of CNY 67,823,458.58 in the previous year[29] Assets and Liabilities - Total assets increased by 5.51% to ¥2,101,238,663.71 from ¥1,991,462,260.63 at the end of the previous year[4] - Total liabilities as of Q1 2022 amounted to CNY 1,055,022,365.99, up from CNY 918,564,001.47 in Q1 2021, representing an increase of approximately 14.85%[21] - The company's total equity decreased to CNY 1,046,216,297.72 in Q1 2022 from CNY 1,072,898,259.16 in Q1 2021, a decline of about 2.48%[21] Inventory and Expenses - The company's inventory rose by 46.74% to ¥528,018,828.68, attributed to increased orders and stockpiling[8] - Total operating costs for Q1 2022 were CNY 159,953,594.13, up from CNY 104,958,117.74 in Q1 2021, indicating an increase of about 52.4%[22] - Research and development expenses increased by 40.06% to ¥38,542,661.47, reflecting a rise in the number of R&D personnel and their compensation[11] - Research and development expenses rose to CNY 38,542,661.47 in Q1 2022, compared to CNY 27,519,420.06 in Q1 2021, reflecting an increase of approximately 40%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,101[14] - The largest shareholder, Li Youcai, holds 14.97% of shares, totaling 22,124,190 shares, with 5,300,000 shares pledged[14] - The company has established a concerted action agreement between major shareholders, effective until October 24, 2024, to jointly control the company[15] Stock and Incentives - The company plans to grant 4,047,470 restricted stocks to 350 incentive objects as part of its incentive plan[16] Cash and Investments - The company's cash and cash equivalents decreased from CNY 352,681,061.66 at the beginning of the year to CNY 219,513,089.91 at the end of the reporting period[19] - The total amount of accounts receivable decreased from CNY 303,937,111.26 to CNY 255,681,634.82, a decline of approximately 15.9%[19] - The company has a long-term investment of CNY 22,468,065.88, which slightly decreased from CNY 22,578,343.52 at the beginning of the year[19] - The company’s total current assets increased from CNY 1,308,484,284.28 to CNY 1,404,265,692.14, an increase of about 7.3%[19] Audit Status - The first quarter report was not audited[30]

Financial Performance - The company's operating revenue for 2021 was ¥810,691,623.03, representing a 41.02% increase compared to ¥574,856,965.50 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥76,045,638.81, a 33.42% increase from ¥56,996,371.08 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥61,875,716.29, up 23.59% from ¥50,063,648.88 in 2020[20]. - The total assets at the end of 2021 reached ¥1,991,462,260.63, a 64.17% increase from ¥1,213,039,749.96 at the end of 2020[20]. - The basic earnings per share for 2021 was ¥0.5182, reflecting a 23.12% increase from ¥0.4209 in 2020[20]. - The company achieved a revenue of 810.69 million yuan in 2021, representing a year-on-year increase of 41.02%[52]. - The net profit attributable to shareholders was 76.05 million yuan, up 33.42% year-on-year[52]. - Research and development investment reached 138.42 million yuan, an increase of 68.86% compared to the previous year[52]. Risk Management - The company faces risks including macroeconomic fluctuations, bad debts from accounts receivable, tax policy changes, raw material cost volatility, market competition, and impacts from the COVID-19 pandemic[5]. - The company has a comprehensive risk management strategy to address potential challenges in its future development[5]. - The company has obtained a new high-tech enterprise certificate, allowing it to enjoy a reduced corporate income tax rate of 15% during the three-year validity period[128]. - The company faces risks from raw material cost fluctuations, particularly in aluminum, copper, and chips, which have seen significant price increases due to international conditions and the pandemic[128]. Research and Development - The company invested 13,841.77 million CNY in R&D, accounting for 17.07% of its 2021 revenue, with both investment amount and proportion increasing from 2020[38]. - The company has achieved significant advancements in lithium battery detection technology, replacing imported equipment from countries like the US, Japan, and South Korea[34]. - The company has obtained 19 new invention patents, 39 utility model patents, and 14 design patents in 2021, enhancing its intellectual property portfolio[38]. - The company has a total of 35 invention patents, 136 utility model patents, 45 design patents, and 56 software copyrights as of the end of the reporting period, indicating strong R&D capabilities[46]. - The company has established a comprehensive R&D network, including 1 laboratory and 4 research centers, enhancing its innovation capabilities[48]. - The company completed several key R&D projects, including the development of a new lithium battery protection board and an AI energy router, aimed at enhancing product competitiveness[85]. Corporate Governance - The company has established a complete and independent operational system, ensuring no reliance on the controlling shareholder for business activities[137]. - The company has a governance structure comprising a shareholders' meeting, board of directors, supervisory board, and management team, ensuring clear responsibilities and checks and balances[133]. - The company maintains independence from its controlling shareholder, with no instances of fund occupation or competition reported during the period[134]. - The company has implemented an internal audit system to oversee the effectiveness of internal controls and risk management[136]. - The company actively engages with investors through various channels, including online meetings and direct communication, to enhance transparency[136]. - The company has established specialized committees under the board, including strategy, audit, nomination, and remuneration committees, to support informed decision-making[134]. Market Position and Strategy - The company is positioned in the midstream of the lithium-ion battery industry chain, focusing on equipment sales, testing services, and charging operation services[30]. - The demand for power lithium batteries is expected to grow rapidly, with global shipments projected to exceed 1.55 TWh by 2025, entering the TWh era[31]. - The company has experienced significant growth in the electric vehicle market, with a reported 160% increase in production and sales of new energy vehicles in 2021[31]. - The company is actively developing charging piles and operation management platforms in response to national infrastructure initiatives, promoting integrated energy storage and charging station products[43]. - The global trend towards electrification is gaining momentum, with significant growth in the European and American markets for new energy vehicles[45]. Shareholder Engagement and Dividends - The company reported a profit distribution plan to distribute a cash dividend of 0.55 RMB per 10 shares (including tax) to all shareholders, based on a total of 147,783,896 shares[5]. - The cash dividend distribution plan has been approved by the board and is in compliance with the company's articles of association and relevant regulations[178]. - The cash dividend distribution accounted for 100% of the total distributable profit, amounting to RMB 264,125,453.30[177]. - The company has not made any adjustments to its cash dividend policy during the reporting period[177]. Employee and Management Structure - The total number of employees at the end of the reporting period was 1,862, with 1,655 in the parent company and 207 in major subsidiaries[170]. - The employee composition includes 814 production personnel, 310 sales personnel, 587 technical personnel, 19 financial personnel, and 132 administrative personnel[170]. - The company has established a competitive employee compensation system based on market principles, linking performance pay to company performance and individual responsibilities[172]. - The company has a total of 11 retired employees who require financial support[170]. - The company has maintained a stable workforce with all 1,862 employees receiving compensation during the reporting period[170]. Financial Health and Cash Flow - The company reported a negative net cash flow from operating activities of ¥28,041,366.05 in 2021, a decline of 148.42% compared to a positive cash flow of ¥57,910,890.28 in 2020[20]. - The company has maintained a consistent 100% collection rate across various product lines, indicating strong financial health[65][66]. - The company reported a collection rate of 100% for accounts receivable from major clients, indicating strong cash flow management[69]. - The company reported accounts receivable of 303.94 million yuan at the end of 2021, which accounted for 23.23% of current assets, indicating potential cash flow pressure[127]. Compliance and Regulatory Matters - The company has not encountered any significant internal control deficiencies during the reporting period[183]. - The company is committed to transparency and will publicly disclose any reasons for not fulfilling commitments during shareholder meetings[197]. - The company guarantees to strictly fulfill the commitments disclosed in the prospectus, including compensation for investors in case of false statements or omissions[199]. - The company is actively cooperating with regulatory bodies to ensure compliance with all relevant laws and regulations[197].