编号：2022-003 证券代码：300660 证券简称：江苏雷利 江苏雷利电机股份有限公司投资者关系活动会议记录 | --- | --- | --- | |---------------------------|---------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

编号：2022-007 证券代码：300660 证券简称：江苏雷利 江苏雷利电机股份有限公司投资者关系活动会议记录 | --- | --- | --- | |---------------------------|---------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

编号：2022-006 证券代码：300660 证券简称：江苏雷利 江苏雷利电机股份有限公司投资者关系活动会议记录 | --- | --- | --- | |-------------------------|-------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | ☑ 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 | | | 参 ...

证券代码：300660 证券简称：江苏雷利 编号：2022-008 江苏雷利电机股份有限公司投资者关系活动会议记录 | --- | --- | --- | |-------------------------|-------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | ☑ | 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 | | | | | | ...

Financial Performance - The company's revenue for Q3 2022 was ¥731,904,959.22, an increase of 5.76% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥58,646,209.02, a decrease of 2.70% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥88,056,357.37, an increase of 49.05% compared to the same period last year[7]. - Total operating revenue for the current period reached ¥2,196,520,615.02, an increase from ¥2,145,727,404.21 in the previous period, representing a growth of approximately 2.0%[31]. - Net profit attributable to shareholders of the parent company was ¥213,353,941.75, compared to ¥221,995,258.41 in the previous period, indicating a decline of approximately 3.0%[34]. - The company reported a gross profit margin of approximately 27.5% for the current period, compared to 25.5% in the previous period, indicating an improvement in profitability[31]. - The basic earnings per share for the current period was ¥0.820, slightly down from ¥0.858 in the previous period[37]. - The total comprehensive income for the current period was ¥259,067,191.73, compared to ¥245,971,804.76 in the previous period, reflecting an increase of approximately 5.1%[37]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,972,204,239.76, representing a 10.77% increase from the end of the previous year[7]. - Current assets amounted to CNY 3,669,810,532.88, up from CNY 3,405,757,267.76 at the start of the year[27]. - Total liabilities were not explicitly stated but can be inferred to have increased given the rise in short-term borrowings and accounts payable[27]. Cash Flow - The company's cash flow from operating activities showed a net amount of ¥181,880,848.95, which decreased by 71.71% year-on-year[7]. - Cash flow from operating activities totaled ¥2,480,904,910.39, down from ¥2,610,745,471.56, a decrease of approximately 5.0%[38]. - The net cash flow from operating activities was 181,880,848.95, a decrease of 71.7% compared to 642,827,585.18 in the previous period[41]. - The total cash outflow from investing activities was 683,892,176.12, compared to 336,237,280.75 in the previous period, indicating a significant increase in investment expenditures[41]. - The net cash flow from financing activities was 277,944,204.49, a recovery from a negative cash flow of -75,482,286.09 in the previous period[41]. - The total cash and cash equivalents at the end of the period reached 1,505,004,055.35, up from 1,322,099,467.34 in the previous period[41]. - The cash inflow from investment activities was 398,811,365.58, significantly higher than 103,189,407.25 in the previous period[41]. - The cash paid for debt repayment was 5,300,000.00, a decrease from 93,193,455.56 in the previous period, indicating a reduction in debt servicing[41]. Borrowings and Investments - The company reported a significant increase in short-term borrowings, which rose by 119.83% compared to the end of the previous year[12]. - Short-term borrowings rose significantly to CNY 490,009,166.67 from CNY 222,900,000.00, marking an increase of about 120%[27]. - The company received government subsidies amounting to ¥9,484,324.44 during the reporting period[10]. - The company received 134,157,412.52 in cash from investments, a substantial increase from 4,853,846.00 in the previous period[41]. Exchange Rate Impact - The company experienced a 588.71% increase in the impact of exchange rate changes on cash and cash equivalents, primarily due to the depreciation of the RMB[15]. - The impact of exchange rate changes on cash and cash equivalents was positive at 18,470,696.71, compared to a negative impact of -3,779,453.66 in the previous period[41]. Research and Development - Research and development expenses increased to ¥103,910,235.34 from ¥98,847,580.67, marking a rise of about 5.0%[34]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36].

Financial Performance - The company's operating revenue for the reporting period was ¥1,464,615,655.80, representing a year-on-year increase of 0.75% compared to ¥1,453,706,291.20 in the same period last year[36]. - The net profit attributable to shareholders of the listed company was ¥154,707,732.73, a decrease of 4.34% from ¥161,721,972.19 in the previous year[36]. - The net profit after deducting non-recurring gains and losses was ¥188,717,972.19, which is an increase of 17.85% compared to ¥160,138,512.72 in the same period last year[36]. - The net cash flow from operating activities was ¥154,732,368.03, down 69.52% from ¥507,650,624.74 in the previous year[36]. - Total assets at the end of the reporting period were ¥5,003,563,834.03, an increase of 11.47% from ¥4,488,622,228.18 at the end of the previous year[36]. - The net assets attributable to shareholders of the listed company were ¥2,870,512,792.38, up 5.88% from ¥2,710,992,374.82 at the end of the previous year[36]. - The company reported a basic earnings per share of ¥0.594, down 4.35% from ¥0.621 in the previous year[36]. Revenue Sources - The company's export revenue accounted for 48.70% of total operating income during the reporting period[7]. - Export revenue accounted for an average of 46.99% of the company's main business income over the past three years, primarily settled in USD and EUR[112]. - Sales revenue from industrial control motors and components reached CNY 161 million, a year-on-year increase of 27%[51]. - Revenue from automotive components grew by 65% year-on-year, reaching CNY 147 million[51]. - The sales revenue of medical device motors and components increased significantly by 94.7% year-on-year[51]. Cost Structure - The average proportion of raw material costs in the company's main business costs over the past three years was 74.23%[11]. - Labor cost increases are expected to impact the company's profitability due to rising wages for skilled workers[10]. - The company reported stable prices for copper and steel compared to the same period last year[11]. Strategic Focus - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantage[6]. - The company aims to enhance its research and development capabilities to keep pace with industry advancements[6]. - Research and development expenses amounted to CNY 70,738,972.29, reflecting a 9.95% increase from CNY 64,336,919.53 in the same period last year[60]. - The company is engaged in the research, development, production, and sales of micro-special motors and intelligent components for home appliances, automotive, and medical instruments[48]. Investment and Projects - The total committed investment for the micro motor manufacturing project is CNY 228.75 million, with a cumulative investment of CNY 102.12 million, achieving 44.64% of the planned investment progress[85]. - The energy-saving motor and pump product expansion project has a total committed investment of CNY 229.68 million, with no investment made to date, resulting in 0.00% progress[85]. - The smart home appliance components and micro motor product project has a total committed investment of CNY 387.53 million, with a cumulative investment of CNY 152.51 million, achieving 72.41% of the planned investment progress[85]. - The total committed investment for all projects is CNY 1,199.44 million, with a cumulative investment of CNY 1,005.80 million, achieving significant progress overall[89]. Risk Management - The company is facing risks related to exchange rate fluctuations, particularly with the USD and EUR[9]. - The company is actively managing foreign exchange risks through forward exchange contracts to mitigate potential adverse impacts from currency fluctuations[112]. - The company maintains a credit risk management strategy, with the top five customers accounting for 24.87% of total accounts receivable[109]. - The company has a liquidity risk management policy ensuring sufficient cash to meet obligations, with current assets significantly exceeding current liabilities[109]. Corporate Governance and Compliance - The company has not reported any violations in the management of raised funds during the reporting period[96]. - The company has complied with all commitments made during the issuance and listing process[175]. - There were no violations of external guarantees during the reporting period[177]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[179]. Social Responsibility - The company emphasizes social responsibility, focusing on economic, environmental, and social development[128]. - The company has committed to strict compliance with labor laws, ensuring employee rights and benefits[128]. - The company adheres to environmental laws and regulations, achieving energy conservation and emission reduction without violations[128]. Future Outlook - The company plans to launch three new products in the next quarter, focusing on energy-efficient electric motors, which are expected to increase market share by 10%[146]. - Jiangsu Leili Electric Motor is investing 100 million CNY in R&D for new technologies aimed at enhancing product performance and sustainability[146]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a revenue increase of 20% from this region by the end of 2023[146]. - The management emphasized a commitment to maintaining a stable dividend policy, with plans to distribute 50 million CNY in dividends to shareholders in the upcoming fiscal year[146].

Revenue and Profit - Revenue for Q1 2022 was CNY 720,589,254.23, a slight increase of 0.42% compared to CNY 717,549,493.85 in the same period last year[4] - Net profit attributable to shareholders decreased by 16.69% to CNY 69,351,576.25 from CNY 83,245,753.82 year-on-year[4] - Net profit for the current period was ¥82,434,205.77, down from ¥90,104,145.77, reflecting a decrease of approximately 8.5%[29] - Earnings attributable to the parent company's shareholders decreased to ¥69,351,576.25 from ¥83,245,753.82, a decline of about 16.7%[29] Cash Flow - Net cash flow from operating activities dropped by 41.28% to CNY 66,403,771.02 compared to CNY 113,077,636.20 in the previous year[4] - Cash flow from operating activities was ¥713,148,293.86, down from ¥768,305,359.84, indicating a decrease of approximately 7.2%[34] - The net cash flow from operating activities was $66,403,771.02, a decrease of 41.2% compared to $113,077,636.20 in the previous period[37] - The cash flow from operating activities totaled $775,428,053.72, slightly down from $814,045,574.83 in the previous period[37] Assets and Liabilities - Total assets increased by 5.09% to CNY 4,717,218,791.15 from CNY 4,488,622,228.18 at the end of the previous year[4] - The total assets of the company stand at CNY 4.72 billion, compared to CNY 4.49 billion at the beginning of the year, marking an increase of about 5.1%[22] - The company's total liabilities amounted to ¥1,766,716,828.81, an increase from ¥1,683,251,067.80, indicating a growth of approximately 4.96%[25] - The total liabilities amount to CNY 1.73 billion, an increase from CNY 1.64 billion, reflecting a growth of approximately 5.4%[22] Shareholders and Equity - Shareholders' equity rose by 4.15% to CNY 2,823,453,187.40 from CNY 2,710,992,374.82 at the end of last year[4] - The total equity attributable to the parent company increased to ¥2,823,453,187.40 from ¥2,710,992,374.82, representing a growth of about 4.15%[25] - The total number of common shareholders at the end of the reporting period is 15,840, with the top 10 shareholders holding a combined 68.68% of the shares[12] - Changzhou Leili Investment Group Co., Ltd. holds 37.28% of the shares, while Baizhuo Development Co., Ltd. holds 27.99%[12] Expenses and Investments - Financial expenses increased by 72.60% year-on-year, primarily due to reduced foreign exchange gains[8] - Research and development expenses for the current period were ¥35,791,807.57, up from ¥31,682,697.28, reflecting an increase of approximately 13.2%[29] - Cash paid for the acquisition of fixed assets rose by 45.60% as a result of increased investments in factories and equipment[11] - Cash outflow for purchasing fixed assets and other long-term assets was $71,460,655.94, an increase of 45.7% compared to $49,078,788.60 in the previous period[37] Inventory and Receivables - The company reported a decrease in accounts receivable from CNY 910.28 million to CNY 898.20 million, a decline of about 1.2%[19] - The inventory decreased from CNY 611.60 million to CNY 594.37 million, indicating a reduction of approximately 2.8%[19] - The company has a non-current asset total of approximately CNY 1.14 billion, up from CNY 1.08 billion, reflecting an increase of about 5.7%[22] Cash and Cash Equivalents - Cash and cash equivalents at the end of the period are CNY 1.54 billion, up from CNY 1.43 billion, indicating a growth of approximately 7.5%[19] - The total cash and cash equivalents at the end of the period reached $1,423,854,798.18, an increase of 15.6% from $1,231,872,542.83 at the end of the previous period[40] - Cash received from tax refunds increased by 41.54% due to higher export tax rebates[11] - The impact of exchange rate changes on cash and cash equivalents was $2,355,478.23, compared to $7,522,513.16 in the previous period, showing a decrease of 68.7%[40]

Financial Performance - The company's operating revenue for 2021 was ¥2,918,923,363.57, representing a 20.50% increase compared to ¥2,422,288,184.14 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥244,157,745.38, a decrease of 10.53% from ¥272,904,535.76 in 2020[32]. - The net cash flow from operating activities for 2021 was ¥362,829,376.28, down 14.12% from ¥422,473,746.80 in 2020[32]. - The total assets at the end of 2021 amounted to ¥4,488,622,228.18, an increase of 19.17% from ¥3,766,678,130.82 in 2020[32]. - The basic earnings per share for 2021 was ¥0.94, a decrease of 11.32% compared to ¥1.06 in 2020[32]. - The diluted earnings per share for 2021 was ¥0.93, down 12.26% from ¥1.06 in 2020[32]. - The company achieved operating revenue of 2,918.92 million yuan, a year-on-year increase of 20.50%[46]. - Net profit attributable to shareholders was 264.95 million yuan, a decrease of 10.53% compared to the previous year[46]. Revenue Breakdown - The company's export revenue accounted for 45.30% of total operating income during the reporting period[6]. - The company's overseas revenue reached ¥1,324,165,238.25, making up 45.36% of total revenue, while domestic revenue was ¥1,594,758,125.32, accounting for 54.64%[67]. - Revenue from automotive components grew by 38% to 237 million yuan, driven by increased demand for electronic water pumps and aluminum die-casting products[46]. - Sales revenue from industrial control motors reached 295 million yuan, a year-on-year growth of 69%[46]. - The revenue from air conditioning motors and components was ¥802,647,983.84, accounting for 27.50% of total revenue, with a year-on-year growth of 3.60%[65]. Cost Management - The average proportion of raw material costs to the company's main business costs over the past three years was 74.23%, significantly impacting gross profit margins[10]. - The company has maintained stable prices for copper and steel compared to the same period last year, which is crucial for cost management[10]. - The company actively engages in cost management and has implemented a budget management system to control costs effectively[60]. - Material costs for air conditioning motors and components accounted for 18.84% of total operating costs, with a slight increase in amount to 409,350,628.80 CNY[79]. - The labor cost for air conditioning motors and components increased by 18.79% to 140,900,969.30 CNY, representing 6.49% of total operating costs[79]. Technological Innovation and R&D - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantages in the market[6]. - The company is focused on enhancing its R&D capabilities to keep pace with industry technological advancements[6]. - The company launched new products, including a smart distribution system for dishwashers and a brushless motor for air conditioners, which are in trial production stages[49]. - The company holds 982 valid patents, with 145 new patents granted during the reporting period, including 9 invention patents[49]. - The company invested approximately 136.85 million yuan in R&D in 2021, representing 4.69% of its operating revenue[106]. Market Expansion and Strategy - The company has a strong emphasis on expanding its market presence and exploring new strategies for growth[6]. - The company is actively expanding its market presence in the new energy sector, achieving sales of 9.01 million yuan from photovoltaic cooling water pumps[46]. - The company plans to continue expanding its product development in industrial control and small household appliances to leverage market growth opportunities[72]. - The company is focusing on expanding its market presence through self-operated and agency business models for various products and technologies[129]. - The company is committed to sustainable practices in its manufacturing processes, aligning with industry trends towards eco-friendly technologies[137]. Risk Management - The company faces risks from rising labor costs, which could affect profitability if the trend continues[10]. - Future fluctuations in the exchange rate of RMB against USD and EUR may adversely affect the company's performance if the RMB continues to appreciate[9]. - The company has implemented credit insurance for all export accounts receivable to mitigate bad debt risk[179]. - Interest rate risk is manageable as the company maintains rates close to the benchmark rate[179]. - The company uses forward foreign exchange contracts to control significant fluctuations in exchange rates[179]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations[184]. - The board of directors and supervisory board meetings are conducted legally and effectively, ensuring shareholder rights are protected[184]. - The company has appointed a board secretary to enhance governance and communication with stakeholders[184]. - The company ensures timely and accurate information disclosure to all shareholders[184]. - The company has established specialized committees, including the Nomination Committee and Compensation Committee, to enhance governance and decision-making processes[187].

Revenue and Profit - Revenue for Q3 2021 reached ¥692,021,113.01, an increase of 6.90% year-over-year, while year-to-date revenue totaled ¥2,145,727,404.21, up 25.47% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥60,273,286.22, a decrease of 31.66% year-over-year, with year-to-date net profit at ¥221,995,258.41, showing a slight increase of 0.22%[4] - Basic earnings per share for Q3 2021 was ¥0.237, down 31.10% year-over-year, while diluted earnings per share was ¥0.236, a decrease of 31.20%[4] - Total operating revenue for Q3 2021 reached ¥2,145,727,404.21, an increase of 25.4% compared to ¥1,710,180,079.42 in the same period last year[22] - Net profit for Q3 2021 was ¥239,734,837.39, reflecting a growth of 4.9% from ¥229,611,943.00 in Q3 2020[24] - The net profit attributable to the parent company for Q3 2021 was CNY 221,995,258.41, slightly up from CNY 221,503,945.28 in the same period last year[26] - The total comprehensive income for Q3 2021 reached CNY 245,971,804.76, compared to CNY 231,045,537.96 in Q3 2020, indicating a growth of approximately 6.8%[26] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥4,079,725,234.61, reflecting an increase of 8.31% from the end of the previous year[4] - The company's total assets reached ¥4,079,725,234.61, up from ¥3,766,678,130.82, indicating a growth of 8.3%[21] - Non-current assets totaled ¥1,003,343,739.31, an increase of 38.6% from ¥723,961,520.41 year-on-year[21] - The total liabilities stood at ¥1,348,261,138.86, compared to ¥1,203,263,952.44, representing an increase of 12.1%[21] - Total liabilities reached CNY 1,203,263,952.44, down from CNY 1,204,435,673.71, a reduction of CNY 1,171,721.27[35] Shareholders' Equity - Shareholders' equity attributable to the parent company reached ¥2,651,030,603.37, up 4.99% from the end of the previous year[4] - The equity attributable to shareholders of the parent company rose to ¥2,651,030,603.37, up from ¥2,524,961,793.63, a growth of 5.0%[21] - The company's equity attributable to shareholders was CNY 2,524,961,793.63, remaining stable compared to the previous period[37] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥642,827,585.18, an increase of 41.97% compared to the same period last year[4] - Cash flow from operating activities generated a net inflow of CNY 642,827,585.18, an increase of 42% from CNY 452,781,171.71 in the previous year[29] - Cash received from sales of goods and services increased by 31.96% year-on-year, primarily due to increased revenue during the reporting period[11] - Cash received from tax refunds increased by 66.03% year-on-year, mainly due to increased export tax rebates[11] - Cash received from other investment activities increased by 295.63% year-on-year, attributed to the recovery of forward exchange margin[11] - Cash received from borrowings increased by 1474.09% year-on-year, primarily due to increased borrowings during the reporting period[11] - The net cash flow from investing activities was negative at CNY -233,047,873.50, compared to CNY -62,550,155.86 in the previous year, indicating increased investment outflows[31] - The net cash inflow from financing activities was negative at CNY -75,482,286.09, compared to CNY -104,618,404.40 in the previous year, showing an improvement[31] Expenses - Operating costs increased by 30.04% year-on-year, primarily due to increased revenue and rising material costs[11] - Management expenses increased by 37.57% year-on-year, mainly due to higher equity incentive costs, employee compensation, and depreciation[11] - Research and development expenses increased to ¥98,847,580.67, compared to ¥78,028,059.34 in the previous year, marking a rise of 26.5%[24] Borrowings and Financial Management - The company reported a 100% increase in short-term borrowings compared to the end of the previous year, driven by increased short-term financing[7] - Short-term borrowings increased significantly to ¥108,300,000.00 from ¥48,190,963.16, a rise of 124.9%[21] - The company reported a financial expense of -¥24,363,773.73, a decrease from ¥2,938,782.93 in the previous year, indicating improved financial management[24] Other Financial Metrics - Cash paid for purchasing goods and services increased by 33.07% year-on-year, reflecting increased business volume during the reporting period[11] - The company's other comprehensive income after tax was CNY 6,236,967.37, significantly higher than CNY 1,433,594.96 in the same period last year[26] - The minority shareholders' net profit increased to CNY 17,739,578.98 from CNY 8,107,997.72, reflecting a growth of over 119% year-on-year[26] Changes in Financial Reporting Standards - Lease liabilities increased by 100% compared to the end of the previous year, primarily due to the first-time implementation of new leasing standards[11] - The implementation of new leasing standards began on January 1, 2021, affecting financial reporting[37]

Financial Performance - The company's operating revenue for the reporting period was ¥1,453,706,291.20, representing a 36.78% increase compared to ¥1,062,814,093.41 in the same period last year[36]. - The net profit attributable to shareholders was ¥161,721,972.19, up 21.31% from ¥133,312,132.27 year-on-year[36]. - The net profit after deducting non-recurring gains and losses was ¥160,138,512.72, reflecting a 29.62% increase from ¥123,544,024.12 in the previous year[36]. - The basic and diluted earnings per share increased to ¥0.621, a rise of 20.58% from ¥0.515[36]. - The total assets at the end of the reporting period were ¥4,150,490,074.64, which is a 10.19% increase from ¥3,766,678,130.82 at the end of the previous year[36]. - The net assets attributable to shareholders increased to ¥2,571,459,129.50, up 1.84% from ¥2,524,961,793.63[36]. - The company achieved a revenue of 232.07 million yuan and a net profit of 19.89 million yuan during the reporting period[132]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2021, representing a year-over-year growth of 20%[190]. Export and Market Performance - The company's export revenue accounted for 43.51% of total operating income during the reporting period[11]. - The company anticipates stable export sales revenue proportions despite potential adverse effects from the appreciation of the RMB against the USD and EUR[11]. - The average export revenue over the past three years accounts for 46.83% of total operating income, primarily settled in USD and EUR[114]. - The company is expanding its market presence, targeting a 10% increase in market share in the Asia-Pacific region by the end of 2021[194]. Cost and Profitability - The average proportion of raw material costs in the company's main business costs over the past three years was 74.48%, significantly impacting profit margins[12]. - Significant price increases in copper and steel materials were observed compared to the same period last year, affecting overall costs[12]. - Operating costs amounted to ¥1,040,524,527.81, reflecting a 37.53% increase compared to the previous year, attributed to revenue growth and rising material costs[60]. - The company has implemented a cost management system to monitor and control production costs, ensuring profitability amidst raw material price fluctuations[57]. Labor and Human Resources - The company faces risks from rising labor costs due to tightening domestic labor resources, which may affect profitability[12]. - The company is committed to improving worker compensation to attract more skilled labor amid rising labor costs[12]. - The company has created 1,140 local jobs, with an average monthly salary of 3,500 yuan for employees[134]. Research and Development - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantages in the market[7]. - The company holds 922 valid patents, including 78 invention patents, showcasing its commitment to innovation and technology[54]. - The company is investing 200 million yuan in R&D for new technologies aimed at improving product efficiency and sustainability[196]. - Research and development expenses were not specified, but the company continues to invest in new product and technology development[60]. Investment and Projects - The investment progress for the micro motor manufacturing project is 44.64%, with a cumulative investment of RMB 10,212.0 million[81]. - The company has signed an investment agreement to establish a wholly-owned subsidiary with an investment of 121.39 million yuan, aimed at producing micro motors and intelligent components[132]. - The company has adjusted the investment direction to focus more on technology and product research and development, optimizing the investment structure to maximize the efficiency of raised funds[92]. Governance and Compliance - The company’s management has confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[5]. - The company has established a risk management strategy focusing on credit risk, liquidity risk, and market risk, with measures in place to mitigate these risks[111]. - The company has made public commitments regarding the authenticity, accuracy, completeness, and timeliness of its prospectus for the issuance[161]. - The company will disclose specific reasons for any failure to fulfill commitments and apologize to investors[156]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[13]. - The board of directors has approved a dividend policy that will distribute 10% of net profits to shareholders, reinforcing the company's commitment to returning value to investors[199]. - The company strictly adheres to the profit distribution policy and dividend return plan as approved by the shareholders' meeting[144]. Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues during the reporting period[130]. - The company is committed to increasing investments in poverty-stricken areas to promote local industrial development and provide employment opportunities[135]. - The company has implemented strict compliance with environmental laws and regulations, ensuring no industrial waste emissions[130].