Financial Performance - The company's revenue for Q1 2021 was ¥717,549,493.85, representing a 47.70% increase compared to ¥485,828,471.63 in the same period last year[9]. - Net profit attributable to shareholders for Q1 2021 was ¥83,245,753.82, a 69.93% increase from ¥48,987,896.34 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥82,717,387.76, up 52.64% from ¥54,192,933.02 in the previous year[9]. - The basic earnings per share for Q1 2021 was ¥0.321, reflecting a 70.74% increase from ¥0.188 in the same period last year[9]. - The company's operating revenue for the first quarter of 2021 reached 708.56 million yuan, an increase of 45.85% compared to the same period last year[27]. - The net profit attributable to shareholders was 83.40 million yuan, up 70.24% year-on-year[27]. - Total operating revenue for the first quarter reached ¥717,549,493.85, a significant increase from ¥485,828,471.63 in the previous year, representing a growth of approximately 47.7%[72]. - The total comprehensive income for the current period is CNY 88,863,747.67, compared to CNY 46,831,410.69 in the previous period, indicating a significant increase[81]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,113,332,565.29, a 9.20% increase from ¥3,766,678,130.82 at the end of the previous year[9]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,609,393,440.40, up 3.34% from ¥2,524,961,793.63 at the end of the previous year[9]. - The company's total assets as of March 31, 2021, were ¥3,211,628,026.44, compared to ¥3,001,492,441.39 at the end of 2020, reflecting a growth of approximately 7%[69]. - The company's total liabilities reached ¥1,021,212,555.43, up from ¥843,806,964.04, indicating an increase of approximately 21.1%[72]. - The company's equity attributable to shareholders of the parent company was ¥2,190,415,471.01, compared to ¥2,157,685,477.35, showing a slight increase of about 1.5%[72]. Cash Flow - The net cash flow from operating activities was ¥113,077,636.20, a decrease of 42.31% compared to ¥196,023,990.52 in the same period last year[9]. - The company's cash received from tax refunds increased by 98.74% year-on-year, primarily due to an increase in export tax rebates[26]. - The company reported a net increase in cash and cash equivalents of CNY 240,291,047.42, compared to CNY 82,408,784.33 in the previous period[96]. - Operating cash inflow totaled CNY 814,045,574.83, an increase from CNY 696,417,301.13 in the previous period[94]. - Net cash flow from financing activities was CNY 93,293,020.50, a significant improvement from a negative CNY 190,035.30[96]. Research and Development - Research and development expenses increased by 60.69% year-on-year, reflecting a significant increase in R&D investment[23]. - Research and development expenses for the quarter were ¥31,682,697.28, up from ¥19,716,819.50, reflecting a growth of approximately 60.5%[75]. - The research and development expenses for the current period are CNY 14,601,343.32, up from CNY 11,335,832.90, indicating a focus on innovation[82]. Investments and Projects - The total amount of raised funds is 119,940.91 million CNY, with 65,261.17 million CNY allocated for changes in usage, representing 54.41% of the total[35]. - The micro motor manufacturing project has a total investment of 22,875.24 million CNY, with 10,212.09 million CNY invested, achieving 44.64% progress[35]. - The company’s construction in progress increased by 62.58% compared to the end of the previous year, due to the expansion of factory and equipment[23]. - The project for the acquisition of 70% equity in Dingzhi has a total investment of 10,500 million CNY, with 8,400 million CNY invested, achieving 80.00% progress[35]. Compliance and Governance - The company has not encountered any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[33]. - The company has not reported any violations regarding the management of raised funds during the reporting period[50]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[49].

Financial Performance - The company's operating revenue for 2020 was ¥2,422,288,184.14, representing a 7.66% increase compared to ¥2,249,840,099.01 in 2019[27]. - Net profit attributable to shareholders for 2020 was ¥272,904,535.76, an increase of 18.52% from ¥230,251,181.87 in 2019[27]. - The net cash flow from operating activities reached ¥422,473,746.80, a significant increase of 49.32% compared to ¥282,927,525.86 in 2019[27]. - Basic and diluted earnings per share for 2020 were both ¥1.06, up 17.78% from ¥0.90 in 2019[27]. - Total assets at the end of 2020 were ¥3,766,678,130.82, reflecting a 16.58% increase from ¥3,230,936,968.67 at the end of 2019[27]. - The company's net assets attributable to shareholders increased by 8.93% to ¥2,524,961,793.63 at the end of 2020 from ¥2,317,958,840.11 at the end of 2019[27]. - The company achieved a revenue of CNY 242,228.82 million in 2020, representing a year-on-year increase of 7.66%[45]. - The net profit attributable to shareholders was CNY 27,290.45 million, reflecting an 18.52% growth compared to the previous year[45]. Revenue Sources and Growth - The company's export revenue accounted for 46.09% of total operating income during the reporting period[6]. - Revenue from overseas markets accounted for 46.09% of total sales, with a year-on-year increase of 6.23%[67]. - Sales of core products in the intelligent and modular direction increased by 19.42% year-on-year[45]. - Revenue from the medical and sports health sectors surged by 126.99% year-on-year, following the acquisition of a high-end medical instrument motor company[45]. - Sales revenue from medical and health-related motors and components surged by 126.99% year-on-year, totaling CNY 264.26 million[65]. - The sales of automotive electronic water pump components reached CNY 36.32 million, marking a year-on-year growth of 54.81%[60]. - The revenue from refrigerator motors and components increased by 13.81% year-over-year, with a gross margin of 30.17%[69]. Research and Development - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantage in the market[6]. - The company is focused on enhancing its R&D capabilities to keep pace with industry technological advancements[6]. - The company holds 837 valid authorized patents, including 74 invention patents, 695 utility model patents, and 68 design patents, showcasing its strong R&D capabilities[53]. - Research and development expenses increased by 16.43% to ¥113,626,162.26, primarily due to increased investment in new product development in home appliances, sports, and healthcare[87]. - The number of R&D personnel rose to 521, making up 13.66% of the total workforce, with R&D investment representing 4.69% of operating revenue[89]. - The company applied for 71 patents during the year, with 7 projects achieving sales revenue, expanding into automotive and industrial control sectors[88]. Cost Management and Supply Chain - The average proportion of raw material costs in the company's main business costs over the past three years was 74.48%[10]. - The company has implemented a cost management system that monitors raw material costs in real-time, effectively controlling production costs while maintaining product quality[56]. - The company has established a strong supply chain with domestic suppliers, ensuring sufficient material supply and quality compliance[45]. Strategic Partnerships and Client Relationships - The company focuses on long-term cooperation with major clients, including Gree, Midea, and Haier, which accounted for 53.91% of revenue in 2020[45]. - The company has established long-term cooperative relationships with major appliance manufacturers, including Gree, Midea, and Haier, ensuring a stable customer base[56]. Investment and Projects - The total committed investment for all projects is 119,940.91 million, with 93,823.13 million already utilized[111]. - The company plans to optimize investment direction and structure, focusing on technology and product R&D to maximize the efficiency of raised funds[111]. - The total investment for the "Micro Special Motor Manufacturing Project" is 22,875.24 million, with a completion date extended to May 2020[111]. - The "Energy-saving Motor and Pump Product Expansion Project" has a total investment of 22,968.06 million, currently in progress[111]. Management and Governance - The company operates under the supervision of Tianjian Accounting Firm, which is responsible for auditing its financial reports[26]. - The company has a stable and experienced management team, with over 50% of mid-to-senior management having 15-20 years of tenure[56]. - The company acknowledges the uncertainty in achieving its operational budget due to market conditions and team efforts[199]. Future Outlook and Goals - The company’s sales target for 2021 is 2.685 billion yuan, representing a growth of 10.86% compared to the same period last year[199]. - The company plans to invest over 30 million yuan in automation for the "smart factory" initiative in 2021[199]. - The company aims to enhance its core competitiveness in the home appliance sector by optimizing existing products and developing new motor and intelligent component products for refrigerators, washing machines, and air conditioners[195]. - The company will increase R&D investment in medical device motors to expand its product series and market share[199].

Financial Performance - Operating revenue for the period reached CNY 647,365,986.01, a year-on-year increase of 16.82%[9] - Net profit attributable to shareholders increased by 15.02% to CNY 88,191,813.01 compared to the same period last year[9] - Basic earnings per share rose by 14.29% to CNY 0.344 per share[9] - The company reported a net profit of ¥712,223,897.67, up from ¥594,468,840.39, which is an increase of approximately 19.8%[46] - Total operating revenue for the current period reached ¥647,365,986.01, an increase of 16.83% compared to ¥554,167,945.25 in the previous period[55] - Net profit for the current period was ¥90,815,875.43, representing a 18.00% increase from ¥76,923,721.60 in the previous period[61] - The net profit for the current period is ¥229,611,943.00, an increase of approximately 17.0% compared to ¥196,182,443.83 in the previous period[75] Cash Flow - The net cash flow from operating activities was negative at CNY -64,895,018.29, a decrease of 169.48%[9] - The company reported a decrease in cash flow from operating activities, with a year-to-date cash flow of CNY 452,781,171.71, down 74.33% compared to the previous year[9] - Cash flow from operating activities was CNY 452,781,171.71, significantly higher than CNY 259,719,445.65 in the same quarter last year, marking a 74.4% increase[89] - The net cash flow from operating activities increased to ¥289,690,514.14, up from ¥174,546,789.73, representing a growth of approximately 66.5%[96] - The net cash flow from investing activities was negative at -¥9,115,034.07, a decline from a positive ¥34,037,400.05 in the previous period[96] - The net cash flow from financing activities improved to ¥12,330,081.97 from -¥134,105,288.48, indicating a significant turnaround[99] Assets and Liabilities - Total assets increased by 9.86% to CNY 3,549,460,957.08 compared to the end of the previous year[9] - Total liabilities reached ¥1,077,308,448.10, up from ¥889,107,401.96, marking an increase of around 21.16%[43] - Current liabilities rose to ¥1,052,741,283.78 from ¥844,863,379.83, reflecting a growth of approximately 24.63%[43] - Total cash and cash equivalents at the end of the period reached CNY 1,220,646,727.09, up from CNY 795,684,488.88 year-over-year, indicating a 53.3% increase[92] - Total cash and cash equivalents at the end of the period reached ¥862,642,716.99, up from ¥453,417,059.65, marking an increase of approximately 90.2%[99] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,732, with the largest shareholder holding 37.28%[13] - Owner's equity increased to ¥2,472,152,508.98, compared to ¥2,341,829,566.71, showing a growth of about 5.58%[46] Expenses - Total operating costs amounted to ¥555,845,730.71, up from ¥470,720,103.64, reflecting a growth of 18.06%[58] - Research and development expenses for the current period were ¥28,453,302.71, up 25.00% from ¥22,696,787.81 in the previous period[58] - The company reported a tax expense of ¥33,753,540.37 for the current period, compared to ¥27,181,113.73 in the previous period, reflecting an increase of approximately 24.0%[75] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 11,553,126.75 during the reporting period[11] - Other income increased by 230.39% compared to the same period last year, primarily due to an increase in government subsidies during the reporting period[24] - Other income for the current period was ¥3,732,362.17, compared to ¥1,244,796.16 in the previous period, showing a significant increase[58] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[60]

Financial Performance - The company's operating revenue for the reporting period was ¥1,062,814,093.41, a decrease of 12.18% compared to the same period last year[28]. - Net profit attributable to shareholders was ¥133,312,132.27, an increase of 12.40% year-on-year[28]. - The net profit after deducting non-recurring gains and losses was ¥123,544,024.12, reflecting a growth of 16.70% compared to the previous year[28]. - The net cash flow from operating activities reached ¥517,676,190.00, a significant increase of 211.25% year-on-year[28]. - Basic and diluted earnings per share were both ¥0.515, up 11.71% from the previous year[28]. - Total assets at the end of the reporting period amounted to ¥3,355,685,892.61, representing a 3.86% increase from the end of the previous year[28]. - Net assets attributable to shareholders were ¥2,353,534,963.77, an increase of 1.53% compared to the previous year[28]. Revenue Sources - The company's export revenue accounted for 49.29% of total operating income during the reporting period[7]. - The average proportion of raw material costs in the company's main business costs over the past three years was 74.63%, indicating significant sensitivity to fluctuations in raw material prices[12]. - Sales of automotive electronic water pumps reached 13.95 million CNY, a year-on-year increase of 75.8%[43]. - Revenue from the medical and sports health sectors grew significantly by 81.67% year-on-year[43]. - Sales revenue from high-end medical equipment screw motors and voice coil motors increased significantly by 63.33%[56]. Investment and Assets - The company has 739 valid authorized patents, including 65 invention patents, 611 utility model patents, and 63 design patents[56]. - The company invested ¥40 million in Shanghai Hongyi Software Technology Co., Ltd., acquiring a 7.5556% stake to enhance its digital transformation and explore emerging markets[59]. - An investment of ¥30 million was made in Changzhou Luoyuan Intelligent Technology Co., Ltd., obtaining a 23.08% stake to strengthen the company's position in high-performance servo drive technology[59]. - The company reported a cash balance of RMB 30,823.35 million in raised funds, including RMB 10,200 million in principal-protected financial products and RMB 19,500 million in time deposits[81]. Production and Operations - The company has 11 automated production lines, enhancing its production capacity and efficiency[50]. - The automation rate of the company's component production exceeded 80%, with the utilization rate of automated production lines reaching over 90%[56]. - The company has implemented a comprehensive integration of various management systems, enhancing operational efficiency and management capabilities[56]. - The company has established a product manager internal collaborative R&D model to improve product development efficiency[56]. Dividend and Shareholder Policies - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[12]. - The annual shareholders' meeting had a participation rate of 73.68%[116]. - The company has fulfilled its commitments related to share restrictions made during the initial public offering[117]. - The company has implemented a profit distribution policy and dividend return plan, which will be strictly followed according to the approved resolutions by the shareholders' meeting[129]. Compliance and Commitments - There are no undisclosed related party transactions or conflicts of interest between the company and its subsidiaries, ensuring compliance with regulatory requirements[132]. - The company has committed to strictly fulfilling all public commitments made during the issuance and listing process, actively accepting social supervision[144]. - The company will disclose specific reasons for any failure to fulfill commitments in a timely and sufficient manner, and publicly apologize to investors[145]. - The company guarantees that the prospectus for the issuance does not contain false records, misleading statements, or major omissions[151]. Risk Management - The company has a credit risk management strategy, with the top five customers accounting for 33.39% of total accounts receivable[110]. - The company maintains a strong liquidity position, with current assets significantly exceeding current liabilities[110].

Financial Performance - The company's operating revenue for 2019 was ¥2,249,840,099.01, a slight increase of 0.04% compared to ¥2,248,933,163.15 in 2018[28]. - The net profit attributable to shareholders for 2019 was ¥230,251,181.87, representing a 14.88% increase from ¥200,419,196.53 in 2018[28]. - The net cash flow from operating activities for 2019 was ¥282,927,525.86, showing a significant increase of 98.94% compared to ¥142,213,987.04 in 2018[28]. - The total assets at the end of 2019 amounted to ¥3,230,936,968.67, reflecting a growth of 7.12% from ¥3,016,115,754.40 at the end of 2018[28]. - The basic earnings per share for 2019 was ¥0.899, an increase of 14.67% from ¥0.784 in 2018[28]. - The overall gross profit margin increased by 3.42 percentage points due to stable raw material prices and increased automation investments[72]. - The company's revenue from motor and components reached ¥298,680,395.24, representing a 13.28% increase year-over-year[82]. - The revenue from stamping parts was ¥120,333,438.73, with a year-over-year growth of 5.35%[82]. - The domestic revenue was ¥1,198,851,700.70, which is a decrease of 1.83% year-over-year, making up 53.29% of total revenue[82]. - The overseas revenue accounted for 46.71% of total revenue, amounting to ¥1,050,988,398.31, a 2.26% increase from the previous year[82]. Dividend Distribution - The company plans to distribute a cash dividend of 4 RMB per 10 shares based on a total share capital of 259,372,220 shares as of December 31, 2019[13]. - The total distributable profit for the period was 230,251,181.87 CNY, with the cash dividend accounting for 45.06% of this amount[182]. - The cash dividend for 2018 was 74,064,800.00 CNY, which represented 36.95% of the net profit attributable to ordinary shareholders[182]. - In 2017, the cash dividend was 81,536,320.00 CNY, accounting for 37.38% of the net profit attributable to ordinary shareholders[182]. - The company has maintained a consistent cash dividend policy over the past three years, with a clear and transparent decision-making process[178]. - The cash dividend policy complies with the company's articles of association and relevant regulations[177]. - The company has committed to strict compliance with profit distribution policies and dividend return plans as outlined in the draft articles of association[195]. Research and Development - The company has 626 valid authorized patents, including 62 invention patents, 505 utility model patents, and 59 design patents[59]. - The company holds 626 valid patents, with 134 new patents added in 2019, reflecting a 3.03% increase in R&D investment[74]. - The company is currently developing 41 new projects, including smart components for home appliances and high-efficiency brushless motor components[101]. - The company emphasizes the importance of new product development and technology platform construction to enhance its market competitiveness[156]. Market Position and Strategy - The company is engaged in the research, production, and sales of micro-special motors and intelligent components, positioning itself as a leading enterprise in this sector[42]. - The company’s main products include air conditioning motors, washing machine motors, and automotive components, among others[43]. - The company operates a direct supply model to home appliance manufacturers and automotive parts companies, focusing on custom product design and testing[44]. - The company has established strategic partnerships with renowned medical instrument manufacturers, enhancing its market position[61]. - The company has established a risk management strategy to balance risk and return, focusing on credit, liquidity, and market risks[158]. - The company has received the title of "Jiangsu Province Intelligent Factory," indicating its commitment to upgrading traditional manufacturing to smart manufacturing[154]. Operational Efficiency - The company operates 11 automated production lines, continuously improving its automation capabilities to support high-end manufacturing[59]. - The company has implemented a comprehensive integration of various management systems to enhance operational efficiency and support its transition to smart manufacturing[77]. - The company's production automation rate exceeded 80%, with 11 new fully automated assembly production lines achieving a utilization rate of over 90%[73]. Customer and Supplier Relations - The top five customers contributed ¥1,083,870,987.45 to sales, accounting for 49.34% of total annual sales[94]. - The total amount of purchases from the top five suppliers was ¥339,030,113.76, which accounted for 20.90% of the total annual purchases[97]. - The company’s top five customers account for 30.53% of its total accounts receivable, indicating a concentrated customer base[164]. Investment and Acquisitions - The company successfully acquired a high-end medical instrument screw motor company, marking a breakthrough in the high-end medical equipment motor market[51]. - The company made a significant equity investment of CNY 105,000,000.00 in Changzhou Dingzhi Machinery Co., Ltd., acquiring a 70% stake[118]. - The company has invested RMB 10,500 million in acquiring 70% equity of Changzhou Dingzhi[132]. - The company has established several new subsidiaries in 2019, including a wholly-owned subsidiary in Vietnam and a controlling subsidiary in Liuzhou[93]. Inventory and Cash Flow - The company reported a significant increase in inventory levels due to a rise in stamping parts orders, with inventory growing by 44.87%[87]. - The net cash flow from investment activities was ¥198,823,667.42, a significant improvement from a negative cash flow of -¥55,966,313.04 in the previous year[103]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥350,051,555.74, a rise of 12,980.09% year-on-year[106]. - Cash and cash equivalents increased from CNY 606,375,809.79 (20.10%) at the beginning of the year to CNY 1,002,795,756.94 (31.04%) at year-end, a change of 10.94%[112]. Compliance and Governance - The company has ensured that minority shareholders had ample opportunity to express their opinions and that their legal rights were fully protected[177]. - There are no undisclosed related transactions between the company and its subsidiaries that should be disclosed according to laws and regulations[198]. - The company and its controlled entities will not engage in any business activities that compete with the main business of the company in China or abroad[198].

Financial Performance - Total revenue for Q1 2020 was ¥485,828,471.63, a decrease of 13.25% compared to ¥560,041,352.48 in the same period last year[9]. - Net profit attributable to shareholders was ¥48,987,896.34, an increase of 10.85% from ¥44,194,296.79 year-on-year[9]. - Net profit excluding non-recurring gains and losses reached ¥54,192,933.02, up 121.88% from ¥24,424,384.74 in the previous year[9]. - Basic earnings per share increased to ¥0.1882, up 8.41% from ¥0.1736 year-on-year[9]. - The company's total revenue for Q1 2020 was 485.83 million CNY, a decrease of 13.25% compared to the same period last year[29]. - The net profit attributable to shareholders for Q1 2020 was 48.99 million CNY, an increase of 10.85% year-on-year[29]. - The gross profit margin increased by 2.3 percentage points compared to the same period last year due to product optimization and increased order volume in the medical motor segment[29]. - Total operating revenue for the first quarter was CNY 485,828,471.63, a decrease of 13.2% compared to CNY 560,041,352.48 in the previous period[72]. - Net profit for the quarter was CNY 49,722,862.51, an increase of 12.5% from CNY 44,406,323.68 in the same period last year[78]. Cash Flow and Liquidity - Net cash flow from operating activities was ¥196,023,990.52, representing a significant increase of 126.69% compared to ¥86,472,355.07 in the same period last year[9]. - Cash flow from operating activities increased by 126.69% year-on-year, primarily due to the maturity and discounting of accounts receivable[27]. - The company's cash and cash equivalents amounted to ¥1,063,393,111.47, an increase of approximately 6.0% from ¥1,002,795,756.94 on December 31, 2019[56]. - The company reported a net cash inflow from sales of goods and services of ¥667,615,697.52, an increase from ¥604,873,061.17 in the previous period[89]. - The net cash flow from operating activities for the first quarter was CNY 145,314,316.59, an increase of 89.8% compared to CNY 76,693,896.97 in the same period last year[96]. - Cash received from the sale of goods and services amounted to CNY 468,320,804.70, up from CNY 434,573,115.55, reflecting a growth of 7.5% year-over-year[96]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,227,044,445.50, a slight decrease of 0.12% from ¥3,230,936,968.67 at the end of the previous year[9]. - Total current assets as of March 31, 2020, were ¥2,618,189,523.64, a slight decrease of 2.0% compared to ¥2,672,211,726.09 at the end of 2019[56]. - Total liabilities decreased to ¥837,927,470.64 from ¥889,107,401.96, indicating a reduction of approximately 5.8%[62]. - The company's total assets decreased to CNY 2,656,343,143.68 from CNY 2,734,525,931.78, a decline of 2.8%[72]. - The total liabilities decreased to CNY 589,983,746.91, down 16% from CNY 701,543,368.25[72]. - The company's total liabilities were CNY 889,107,401.96, unchanged from the previous year, indicating a stable financial position[104]. Investments and Projects - The company invested 40 million CNY in Shanghai Hongyi Software Technology Co., Ltd., acquiring a 7.5556% equity stake to enhance digital transformation capabilities[33]. - The "Energy-saving Motor and Pump Product Expansion Project" has a total investment of 22,968.06 million yuan, with no funds utilized yet[42]. - The "Household Intelligent Components and Micro Motor Products Project" has a total investment of 38,752.91 million yuan, with 21,062.3 million yuan utilized, achieving 72.28% of the project[42]. - The acquisition of 70% equity in Changzhou Dingzhi has an investment amount of 10,500 million yuan, with 2,100 million yuan utilized[42]. - The company plans to complete the "Anhui Micro Motor and Intelligent Component Production Project" by November 2020, with a total investment of 10,138.91 million yuan[46]. - The company has adjusted the investment direction of raised funds, reallocating 17,690.61 million yuan to the "Research and Development Center and Comprehensive Supporting Construction Project" and "Anhui Huoqiu Micro Motor Production Project"[46]. Shareholder and Equity Information - Net assets attributable to shareholders increased to ¥2,366,661,087.53, up 2.10% from ¥2,317,958,840.11 at the end of the previous year[9]. - The total number of common shareholders at the end of the reporting period was 16,589[13]. - The company's equity attributable to shareholders increased to ¥2,366,661,087.53 from ¥2,317,958,840.11, reflecting a growth of about 2.1%[64]. - The company's equity increased to CNY 2,066,359,396.77, up from CNY 2,032,982,563.53, reflecting a growth of 1.6%[72]. Regulatory and Compliance - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[51][52]. - The company plans to utilize unspent raised funds for subsequent project payments and cash management activities, ensuring compliance with regulations[54]. - The company has implemented new revenue and leasing standards starting from 2020, with no retrospective adjustments required[112].

Financial Performance - Net profit attributable to shareholders increased by 40.70% to CNY 76,677,795.00 for the reporting period[9] - Basic earnings per share rose by 40.00% to CNY 0.301[9] - The company's net profit attributable to shareholders for the year-to-date increased by 15.14% to CNY 195,279,924.24[9] - The weighted average return on equity was 3.46%, an increase of 30.57% compared to the same period last year[9] - Total operating revenue for the current period is ¥554,167,945.25, a decrease of 4.3% from ¥577,818,529.42 in the previous period[54] - Operating profit increased to ¥86,824,589.21, up 34.5% from ¥64,582,452.31 in the previous period[57] - Net profit for the current period is ¥76,923,721.60, representing a 40.7% increase compared to ¥54,696,505.48 in the previous period[57] - The company's operating profit for the current period is 136,020,883.73, an increase from 120,912,399.60 in the previous period, representing a growth of approximately 15.4%[82] - The net profit for the current period is 119,680,466.64, compared to 104,581,749.41 in the previous period, reflecting an increase of about 14.4%[82] Assets and Liabilities - Total assets increased by 6.80% to CNY 3,221,172,056.06 compared to the end of the previous year[9] - Total liabilities increased to ¥953,237,250.03, up from ¥893,919,524.74, representing a growth of approximately 6.5% year-over-year[40] - Total equity attributable to shareholders rose to ¥2,245,479,489.25, compared to ¥2,121,905,890.47, marking an increase of approximately 5.8%[43] - Cash and cash equivalents increased to ¥454,617,059.65 from ¥375,261,830.93, reflecting a growth of about 21.1%[44] - Accounts receivable grew to ¥469,125,355.13 from ¥401,787,192.25, an increase of approximately 16.7%[44] - Deferred income tax liabilities increased to ¥2,452,901.73 from ¥34,256.76, a significant rise of approximately 7,050%[40] - Total assets reached ¥3,221,172,056.06, up from ¥3,016,115,754.40, indicating an increase of about 6.8%[43] Cash Flow - Net cash flow from operating activities increased by 186.86% to CNY 259,719,445.65 compared to the same period last year[9] - Cash flow from operating activities generated a net amount of 259,719,445.65, significantly higher than 90,537,674.92 in the previous period[91] - Cash inflow from investment activities totaled 2,514,163,000.30, compared to 2,192,059,385.10 in the previous period, marking an increase of about 14.7%[93] - The net cash flow from financing activities was -138,389,787.85, worsening from -43,958,615.35 in the previous period[93] - The company's cash and cash equivalents at the end of the period amounted to 795,684,488.88, compared to 608,475,894.70 at the end of the previous period, showing an increase of about 30.7%[93] Expenses - Management expenses increased by 40.80% compared to the same period last year, mainly due to accelerated amortization of stock option expenses and increased labor costs[24] - Research and development expenses decreased to ¥22,696,787.81 from ¥26,035,150.61, a decline of 12.5%[54] - Tax expenses increased to ¥10,378,226.83 from ¥7,496,085.82, an increase of 38.5%[57] - Financial expenses showed a significant reduction, with interest expenses decreasing to ¥415,269.20 from ¥940,793.59[54] Other Income and Investments - The company received government subsidies amounting to CNY 3,286,902.00 during the reporting period[9] - Other income rose to ¥1,244,796.16 from ¥442,896.13, an increase of 180.5%[54] - Investment income improved to ¥86,626.18 from a loss of ¥6,778,144.50 in the previous period[54] - Cash inflow from investment income was $39,120,669.35, down from $54,419,099.55, indicating a decline in investment returns[96] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,140[13] - Unappropriated profits increased to ¥578,575,127.94 from ¥456,700,483.70, representing a growth of approximately 26.6%[43] Market Strategy - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[74]

Financial Performance - Total revenue for the reporting period reached ¥1,210,168,505.03, an increase of 6.89% compared to the same period last year[27]. - Net profit attributable to shareholders was ¥118,602,129.24, reflecting a growth of 3.04% year-on-year[27]. - Net cash flow from operating activities surged by 342.22% to ¥166,323,265.64 compared to the previous year[27]. - Basic and diluted earnings per share increased by 2.67% to ¥0.461[27]. - Total assets at the end of the reporting period amounted to ¥3,097,227,919.14, up 2.69% from the end of the previous year[27]. - Net assets attributable to shareholders rose by 2.93% to ¥2,183,984,210.31[27]. - The gross profit margin increased by 1.51% year-on-year, attributed to stable raw material prices and increased automation[58]. - The company reported non-recurring gains and losses totaling ¥12,738,591.82 for the period[34]. Market and Sales - The company's export revenue accounted for 45.3% of total operating income during the reporting period[9]. - The average proportion of export revenue to main business income over the past three years was 48.92%, primarily settled in USD and EUR[102]. - Sales of air conditioning motors increased by 9.99% year-on-year due to continuous optimization and upgrading of mature products[44]. - Sales of modularized solution components surged by 20.29% year-on-year, reflecting the company's focus on intelligent and modular product development[44]. - Sales of precision stamping parts and electronic water pumps for the automotive sector grew by 12.71% year-on-year, driven by the company's integrated control and motor technology advantages[44]. Research and Development - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantage in the market[6]. - The company has committed to enhancing its research and development capabilities to keep pace with industry advancements[6]. - The company’s R&D investment rose by 6.89% year-on-year, totaling RMB 51,682,239.44, with 36 new patents granted during the reporting period[59]. - The company holds 537 valid patents, including 59 invention patents, indicating a strong focus on innovation and technology development[49]. Operational Strategy - The company operates a direct supply model to manufacturers, focusing on customized product design and testing[41]. - The production model is based on sales forecasts, with inventory management to meet seasonal demand fluctuations[41]. - The company has established nine automated production lines, enhancing its manufacturing capabilities and supporting high-end manufacturing[49]. - The company utilizes a direct sales model complemented by distribution channels to expand its domestic and international market reach[44]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares, focusing on reinvestment strategies[11]. - The company maintains a strong liquidity position, with current assets significantly exceeding current liabilities, indicating no major liquidity risk[102]. - The company has pledged accounts receivable totaling ¥16,115,781.32 as part of its loan agreements with banks[70]. - The total amount of pledged notes reached ¥186,065,584.36 by the end of the reporting period[70]. Risk Factors - Rising labor costs are a concern, as the company has been increasing worker compensation to attract skilled labor, which may impact profitability[10]. - The company is facing risks related to exchange rate fluctuations, particularly with the appreciation of the RMB against the USD and EUR potentially affecting performance[9]. - The company has implemented measures to manage credit risk, including ongoing credit assessments of trading customers[102]. - The company has a controlled interest rate risk, maintaining rates close to the benchmark rate[102]. Corporate Governance - The company’s legal representative is Su Jianguo, indicating stable leadership[20]. - There were no significant legal disputes or penalties reported during the reporting period[111]. - The company has not reported any changes in its registered address or contact information during the reporting period[22]. - The company has not engaged in any derivative investments during the reporting period[92]. Social Responsibility - The company is actively participating in poverty alleviation by investing in local industrial development in key poverty-stricken areas[138]. - The company plans to increase investment in factories in impoverished counties in central and western regions to promote local industry development and provide job opportunities for residents[144].

Financial Performance - The company's operating revenue for 2018 was ¥2,248,933,163.15, an increase of 11.18% compared to ¥2,022,828,950.85 in 2017[32]. - The net profit attributable to shareholders for 2018 was ¥200,419,196.53, a decrease of 8.11% from ¥218,100,373.53 in 2017[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥192,756,079.88, down 3.05% from ¥198,817,138.46 in 2017[32]. - The net cash flow from operating activities increased by 20.50% to ¥142,213,987.04 in 2018 from ¥118,017,170.19 in 2017[32]. - The total assets at the end of 2018 were ¥3,016,115,754.40, reflecting a growth of 5.35% from ¥2,862,967,237.22 at the end of 2017[32]. - The net assets attributable to shareholders at the end of 2018 were ¥2,121,905,890.47, an increase of 6.59% compared to ¥1,990,706,022.66 at the end of 2017[32]. - The basic earnings per share for 2018 was ¥1.098, a decrease of 17.94% from ¥1.338 in 2017[32]. - The company achieved a total revenue of 2,248.93 million yuan in 2018, representing a year-on-year growth of 11.18%[52]. - The net profit attributable to shareholders was 200.42 million yuan, despite a decline in overall gross margin due to rising raw material and labor costs[52]. Market and Sales Performance - Sales of air conditioning motors increased by 6.61% year-on-year, while sales of modular solution components surged by 36.22%[52]. - Revenue from automotive precision stamping parts and electronic water pumps grew by 29% year-on-year, driven by the company's integrated control and motor technology advantages[52]. - The total sales volume of air conditioning and motor components reached 15,431.98 million units in 2018, an increase of 8.33% compared to 2017[73]. - The sales volume of washing machine motors and components decreased by 15.30% to 3,138.05 million units in 2018[73]. - The sales volume of refrigerator motors and components increased by 30.07% to 1,308.95 million units in 2018[77]. - The sales volume of automotive parts surged by 88.22% to 11,080.12 million units in 2018[77]. - The total revenue from the top five customers amounted to 1,056,551,941.45 yuan, accounting for 48.13% of the annual total sales[84]. - The total procurement amount from the top five suppliers was 390,336,653.64 yuan, representing 23.43% of the annual total procurement[87]. Research and Development - The company holds 501 valid patents, including 58 invention patents, indicating a strong focus on R&D and innovation[57]. - The company invested 39.86 million yuan in construction projects, primarily for a new R&D building and automated production lines[53]. - R&D investment increased by 16.9% year-on-year, with a total of 501 valid patents held, including 58 invention patents[64]. - Research and development expenses for the year were 94,718,239.09 yuan, with R&D investment accounting for 4.21% of the company's operating revenue[89]. - The number of R&D personnel increased to 466 in 2018, accounting for 12.33% of the total workforce, up from 11.64% in 2017[92]. Cost and Profitability - The average proportion of raw material costs in the company's main business costs over the past three years was 74.78%, significantly impacting profit margins[12]. - Fluctuations in the prices of key raw materials such as copper and steel have led to a decrease in product gross margins compared to the previous year[12]. - Rising labor costs are a significant risk, as the company has been increasing worker compensation to attract skilled labor[11]. - Material costs for air conditioning motors and components increased by 9.71% to 447,549,490.17 yuan in 2018[78]. - The company reported a 14.90% increase in total operating costs, amounting to 1,726,374,583.24 yuan in 2018[82]. Strategic Planning and Risk Management - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantage in the market[7]. - The company is focused on expanding its market presence and enhancing its research and development capabilities to meet industry demands[7]. - The company acknowledges the potential adverse effects of continued appreciation of the RMB against the USD and EUR on its performance[10]. - The company is actively monitoring risks associated with technological innovation and labor costs as part of its strategic planning[11]. - The company has implemented forward foreign exchange contracts to manage exchange rate fluctuations[137]. - The company is actively managing credit risk by evaluating the creditworthiness of trading clients[134]. Dividend and Shareholder Returns - The company plans to distribute cash dividends of 4.00 RMB per 10 shares (including tax) based on a total of 185,162,000 shares[12]. - The cash dividend for 2018 represents 36.95% of the net profit attributable to ordinary shareholders[147]. - The company has committed to maintaining a dividend payout ratio of 40% of net profits over the next three years[162]. Future Outlook and Growth Strategies - The company achieved a sales target of 2.3% growth for 2019, aiming for a total revenue of 2.3 billion yuan[132]. - The company plans to invest over 30 million yuan in automation for smart manufacturing in 2019[133]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for potential deals[160]. - New product launches are expected to contribute an additional 300 million RMB in revenue over the next fiscal year[157]. - Market expansion plans include entering two new international markets by the end of the year, aiming for a 10% market share in each[159]. Compliance and Governance - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[5]. - The management emphasized the importance of compliance with regulatory commitments to avoid any potential conflicts of interest[163]. - The company will actively accept social supervision regarding the fulfillment of its commitments[175]. - Jiangsu Leili Electric Motor Co., Ltd. adhered to its public commitments during the reporting period[198].

Financial Performance - Total revenue for Q1 2019 was ¥560,041,352.48, a slight increase of 0.61% compared to ¥556,628,105.61 in the same period last year[9] - Net profit attributable to shareholders decreased by 8.70% to ¥44,194,296.79 from ¥48,407,669.20 year-on-year[9] - Net profit excluding non-recurring gains and losses fell by 29.68% to ¥24,424,384.74 compared to ¥34,731,233.39 in the previous year[9] - Basic earnings per share decreased by 8.3% to ¥0.243 from ¥0.265 year-on-year[9] - The company's operating income for Q1 2019 was 560.04 million yuan, up 0.61% year-on-year[28] - Net profit for the current period was ¥44,406,323.68, down from ¥48,390,858.91, indicating a decrease of approximately 6.1%[78] - Operating profit decreased to ¥21,597,956.03, down 36% from ¥33,837,337.58 in the previous period[84] - Net profit for the current period was ¥16,064,544.94, a decline of 45% compared to ¥29,517,317.42 in the previous period[84] Cash Flow - Operating cash flow improved significantly, with a net cash flow from operating activities of ¥86,472,355.07, a 262.73% increase from a negative cash flow of ¥53,138,192.48 in the same period last year[9] - The net cash flow from operating activities was 76,693,896.97, a significant improvement compared to the previous period's negative cash flow of -84,669,989.46[98] - Cash inflow from operating activities totaled 470,669,610.30, up from 316,528,249.99 in the previous period, representing an increase of approximately 48.6%[98] - Cash received from the sale of goods and services was ¥604,873,061.17, an increase from ¥474,552,142.69 in the previous period[88] - Total cash outflow from operating activities was ¥566,349,636.49, slightly up from ¥558,913,570.48 in the previous period[91] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,045,393,566.78, reflecting a 0.97% increase from ¥3,016,115,754.40 at the end of the previous year[9] - Total liabilities decreased to CNY 868,008,025.69 from CNY 893,919,524.74, a reduction of approximately 2.9%[60] - The company's total equity increased to CNY 2,177,385,541.09 from CNY 2,122,196,229.66, reflecting an increase of about 2.6%[63] - The company's cash and cash equivalents increased to CNY 708,564,236.17 from CNY 606,375,809.79, representing a growth of about 16.8% year-over-year[54] - The company's total current assets amounted to CNY 2,646,269,142.60, a slight increase from CNY 2,628,453,501.69 at the end of 2018, reflecting a growth of approximately 0.67%[54] Investments and Projects - The company established a wholly-owned subsidiary in Vietnam with a total investment of 3 million USD, aimed at manufacturing and selling servo motors and household appliance components[31] - The micro-special motor manufacturing project has a total investment of 22,875.24 million yuan, with 40.23% of the investment progress completed[37] - The energy-saving motor and pump product expansion project has a total investment of 22,968.06 million yuan, with no investment made during the reporting period[37] - The R&D center and comprehensive supporting construction project has an adjusted total investment of 17,974.6 million yuan, with 30.72% of the investment progress completed[37] - The company plans to complete the Anhui micro-motor and intelligent component production project with a total investment of 10,138.91 million yuan by November 2020[41] Expenses and Financial Management - The company's management expenses increased by 91.28% year-on-year, mainly due to the amortization of stock incentive expenses related to the stock repurchase[26] - Research and development expenses rose to ¥23,310,439.63 from ¥19,341,244.75, an increase of approximately 20.3%[74] - The company reported a financial expense of ¥13,299,489.36, down from ¥23,350,897.87, indicating a decrease of about 43.1%[74] - The company’s financial expenses decreased by 43.05% year-on-year, primarily due to reduced exchange losses and increased interest income[26] Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[49] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[50] - The company has disclosed that it has not encountered any issues with the management of raised funds, ensuring compliance with regulations[53]