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].

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 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]

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].

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].