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 - 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 - 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]

Financial Performance - Total revenue for the reporting period was CNY 1,132,145,352.98, an increase of 16.53% compared to the same period last year[29]. - Net profit attributable to shareholders was CNY 115,104,376.20, a decrease of 9.86% year-over-year[29]. - Net profit after deducting non-recurring gains and losses was CNY 105,254,537.24, down 18.79% from the previous year[29]. - Net cash flow from operating activities was CNY 37,610,993.79, a decline of 47.83% compared to the same period last year[29]. - Basic and diluted earnings per share were both CNY 0.63, representing a decrease of 32.98% year-over-year[29]. - Weighted average return on equity was 5.66%, down 8.51% from 14.17% in the previous year[29]. - The gross profit margin for the motor and components segment was 23.91%, reflecting a decrease of 8.57% compared to the previous year[71]. - The company's financial expenses decreased significantly by 112.16%, resulting in a net financial income of -¥1,375,508.95, compared to an expense of ¥11,307,287.58 last year[67]. - The company's cash and cash equivalents decreased by 105.45%, totaling -¥45,830,595.02, compared to an increase of ¥841,271,544.25 in the previous year[67]. - The semi-annual financial report was not audited, indicating a potential area of concern for investors[196]. Revenue Sources - The company's export revenue accounted for 44.97% of total operating income during the reporting period[10]. - The company achieved a 12.09% increase in overseas revenue, amounting to ¥505,562,027.21, while domestic revenue increased by 19.16% to ¥598,367,174.77[71]. Cost Structure - The average proportion of raw material costs in the company's main business costs over the past three years was 75.78%, indicating significant sensitivity to raw material price fluctuations[12]. - Rising labor costs are a concern, as the company has been increasing worker compensation to attract skilled labor[11]. - The overall gross margin decreased due to rising raw material prices, labor costs, and the appreciation of the RMB against the USD[61]. Research and Development - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantage in the market[7]. - The company is committed to enhancing its research and development capabilities to keep pace with industry advancements[7]. - The company's R&D investment increased by 24.95% year-on-year, amounting to ¥48,352,884.99, up from ¥38,696,675.16[67]. - The company holds 456 valid patents, including 51 invention patents, 373 utility model patents, and 32 design patents[52]. - The company is in the testing phase for energy-saving motors and pump products due to changes in related technology processes[63]. Strategic Plans - The company plans not to distribute cash dividends or issue bonus shares, focusing on reinvestment[12]. - The company plans to invest in 7-9 fully automated assembly production lines by the end of the year to reduce labor costs[56]. - The company aims to improve local residents' income by relocating part of its new production capacity to underdeveloped areas[145]. - The company plans to invest 20 million RMB to establish a wholly-owned subsidiary in the Hefei High-tech Zone, focusing on the production of micro motors and intelligent components, with an expected annual output value of no less than 330 million RMB[146]. Leadership and Governance - The company’s legal representative is Su Jianguo, indicating stable leadership[21]. - The company has appointed new directors and executives, including a new general manager and financial director, which may indicate a strategic shift[188]. - The actual controller of the company, Mr. Su Jianguo, controls 69.62% of the company's shares through various investment entities[169]. Market Position - The company has established long-term cooperative relationships with well-known clients such as Gree, Midea, and Haier, enhancing its market position[53]. - The company has a focus on expanding its market presence and improving product performance through innovation[7]. Risks and Challenges - The company acknowledges potential risks from currency fluctuations, particularly with the appreciation of the RMB against the USD and EUR[10]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[115]. - The company has no significant litigation or arbitration matters during the reporting period[116]. Shareholder Information - The total number of shares increased from 101,080,000 to 183,456,720 after the capital reserve conversion, representing an increase of 81,536,320 shares[157]. - The largest shareholder, Changzhou Leili Investment Co., Ltd., holds 37.64% of the shares, totaling 69,060,559 shares[166]. - The total number of restricted shares increased by 62,160,720 during the reporting period[161]. - The number of shareholders holding ordinary shares at the end of the reporting period was 18,059[166]. Financial Health - Accounts receivable increased significantly to ¥649,356,007.94 from ¥461,096,349.97, marking an increase of about 40.7%[198]. - Inventory decreased to ¥352,249,135.21 from ¥375,051,195.75, reflecting a reduction of approximately 6.1%[198]. - The company did not have any publicly issued bonds that were due or unable to be fully repaid as of the report date[192]. - The company has not issued any bonds that are overdue or unable to be fully repaid, suggesting a stable debt position[192].

Financial Performance - Operating revenue for the reporting period was ¥577,818,529.42, reflecting a year-on-year increase of 2.52%[9] - Net profit attributable to shareholders was ¥54,498,795.26, a decrease of 5.31% compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥68,794,009.45, an increase of 36.21% year-on-year[9] - Basic earnings per share for the reporting period was ¥0.3, down 21.05% from the previous year[9] - The weighted average return on net assets was 2.65%, a decrease of 11.07% compared to the same period last year[9] - The company reported a cash dividend of RMB 8 per 10 shares, totaling RMB 81,536,320 distributed to shareholders[34] - The company's total operating revenue for the current period reached ¥1,709,963,882.40, an increase of 11.36% compared to ¥1,535,148,620.73 in the previous period[72] - Net profit for the current period was ¥169,707,841.77, a decrease of 8.33% from ¥185,139,380.23 in the previous period[76] - Basic earnings per share for the current period was ¥0.3, down from ¥0.38 in the previous period[64] - The total comprehensive income for the current period was ¥27,712,700.04, down from ¥32,621,030.10 in the previous period[71] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,982,189,836.21, an increase of 4.16% compared to the end of the previous year[9] - Accounts receivable increased by 40.54% to ¥648,001,919.93, primarily due to increased revenue from core business operations[26] - Construction in progress rose by 92.68% to ¥50,384,267.15, mainly due to normal implementation of fundraising projects[26] - The company’s total equity increased by 81.50% to ¥183,456,720.00, primarily due to the issuance of restricted stock incentives and capital reserve conversion[26] - The total liabilities as of September 30, 2018, were RMB 896,421,285.66, compared to RMB 872,431,360.33 at the beginning of the period[46] - Total liabilities rose to CNY 666,422,129.42 from CNY 656,798,533.03, an increase of approximately 1.9%[53] Cash Flow - Cash flow from operating activities for the year-to-date was ¥90,537,674.92, an increase of 66.74% year-on-year[9] - The company reported a significant increase in cash inflow from operating activities, totaling ¥1,768,625,555.10 compared to ¥1,341,722,025.19 in the previous period[85] - The net cash flow from operating activities was 5,531,377.41 yuan, a significant improvement from a net outflow of 22,597,563.31 yuan in the previous period[91] - Cash inflow from operating activities totaled 1,267,918,994.29 yuan, compared to 819,803,477.72 yuan in the prior period, reflecting a growth of approximately 55%[91] - The net cash flow from investing activities was 58,376,039.92 yuan, recovering from a net outflow of 877,709,130.66 yuan in the previous period[91] Investments and Subsidiaries - The company established a wholly-owned subsidiary in the United States with a registered capital of $1 million[29] - The company plans to set up another wholly-owned subsidiary in Anhui with a registered capital of ¥20 million[29] - The company established wholly-owned subsidiaries in the United States and Anhui Huoqiu County during the reporting period[30] - The company reported a 92.51% increase in investment income to ¥12,252,604.16, driven by higher returns from financial products[26] - The company recorded an investment income of ¥12,252,604.16, an increase from ¥6,364,496.14 in the previous period[72] Shareholder Information - The top ten shareholders held a combined 74.37% of the company's shares, with the largest shareholder holding 37.64%[13] - The company did not engage in any repurchase transactions during the reporting period[19] - The company did not report any overdue commitments from major shareholders or related parties during the reporting period[33]

Financial Performance - Total revenue for Q1 2018 was CNY 556,628,105.61, an increase of 15.44% compared to CNY 482,180,300.68 in the same period last year[7] - Net profit attributable to shareholders decreased by 20.22% to CNY 48,407,669.20 from CNY 60,675,100.68 year-on-year[7] - The net profit after deducting non-recurring gains and losses fell by 42.28% to CNY 34,731,233.39 compared to CNY 60,176,700.68 in the previous year[7] - Basic and diluted earnings per share decreased by 40.00% to CNY 0.480 from CNY 0.800 year-on-year[7] - The weighted average return on equity dropped to 2.40%, down 5.88% from 8.28% in the previous year[7] - The total comprehensive income for the current period was ¥47,285,873.59, down from ¥63,941,676.16, reflecting a decrease of about 26.1%[79] - Operating profit decreased to ¥56,329,643.56 from ¥71,482,959.59 year-over-year, reflecting a decline of approximately 21.2%[78] - Net profit for the current period was ¥48,390,858.91, down from ¥60,612,537.54, representing a decrease of about 20.1%[78] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -53,138,192.48, a decline of 467.40% from CNY 14,463,335.99 in the same period last year[7] - Cash flow from operating activities was ¥474,552,142.69, an increase from ¥402,322,641.82 in the prior period[84] - The ending balance of cash and cash equivalents was 531,326,676.45 CNY, down from 589,973,193.97 CNY at the beginning of the period[86] - Cash and cash equivalents decreased from ¥601,734,753.97 to ¥544,445,256.45, a decline of approximately 9.5%[69] - Accounts receivable increased from ¥461,096,349.97 to ¥578,907,627.08, representing a growth of about 25.5%[69] - Total current assets increased slightly from ¥2,604,148,442.63 to ¥2,625,507,599.88, an increase of about 0.5%[69] - Total assets at the end of the reporting period were CNY 2,889,511,276.00, a slight increase of 0.93% from CNY 2,862,967,237.22 at the end of the previous year[7] Expenses and Liabilities - The net cash flow from operating activities decreased by 467.40% year-on-year, primarily due to longer payment terms for new sales to core customers, resulting in an increase in net accounts receivable[21] - Financial expenses increased by 618.63% year-on-year, primarily due to exchange losses caused by significant appreciation of the RMB during the reporting period[20] - Management expenses increased by 44.77% year-on-year, mainly due to increased R&D investment in smart home components and electronic water pumps[20] - Tax payable increased by 36.33% compared to the end of the previous year, mainly due to an increase in corporate income tax payable during the reporting period[19] - Total current liabilities decreased from ¥872,274,636.46 to ¥849,977,436.33, a decline of approximately 2.7%[71] - Total liabilities decreased from ¥872,431,360.33 to ¥850,213,935.36, a reduction of about 2.5%[71] Investments and Projects - The total amount of raised funds is CNY 119,940.91 million, with CNY 3,611.04 million invested in the current quarter[60] - Cumulative investment of raised funds reached CNY 35,425.5 million, representing 29.5% of the total raised funds[60] - The micro-special motor manufacturing project has an investment progress of 22.40%, with CNY 2,741.39 million invested to date[60] - The energy-saving motor and pump products project has not yet received any investment, with a 0.00% progress rate[60] - The R&D center construction project has a cumulative investment of CNY 101.74 million, achieving 0.98% of the planned investment[60] Market Strategy and Operations - The company is focusing on optimizing and upgrading mature products to increase core competitiveness[26] - The company is expanding its market presence in the automotive parts sector and entering the new energy vehicle market[26] - The company established a wholly-owned subsidiary in the United States with an investment of 2 million USD to enhance its market strategy[27] - Sales of air conditioning motors increased by 14.17% year-on-year, while sales of modular solution components surged by 31.28%[24] - Sales of precision stamping parts and electronic water pumps for the automotive sector grew by 24.04% year-on-year[24] Compliance and Commitments - The company committed to a profit distribution policy and dividend return plan, ensuring compliance with relevant regulations and guidelines[32] - The company has adhered to commitments regarding the reduction and regulation of related party transactions, ensuring complete and detailed disclosure of such transactions[33] - The company has no undisclosed related party transactions as of the reporting period, maintaining transparency in its operations[33] - The company will strictly follow the provisions of the stock price stabilization plan, fulfilling all obligations and responsibilities outlined therein[35] - The company will compensate investors for losses caused by violations of commitments[41] - The company will actively accept social supervision regarding its commitments[39] - The actual controller of the company has guaranteed that the prospectus is free from false records and significant omissions, and will compensate investors for any losses incurred due to such issues[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,920,400[12] - Shareholders have agreed not to transfer or manage their shares for 36 months following the company's stock listing, with potential extensions based on stock performance[46] - The company will not issue securities for 12 months after eliminating negative impacts from unfulfilled commitments[38]

Financial Performance - The company's operating revenue for 2017 was approximately ¥2.02 billion, representing a 25.09% increase compared to ¥1.62 billion in 2016[22]. - The net profit attributable to shareholders decreased by 5.53% to approximately ¥218.1 million from ¥230.9 million in 2016[22]. - The net profit after deducting non-recurring gains and losses was approximately ¥198.8 million, down 9.90% from ¥220.7 million in 2016[22]. - The net cash flow from operating activities was approximately ¥118 million, a decrease of 42.82% compared to ¥206.4 million in 2016[22]. - The total assets at the end of 2017 reached approximately ¥2.86 billion, a 105.56% increase from ¥1.39 billion at the end of 2016[22]. - The net assets attributable to shareholders increased by 183.52% to approximately ¥1.99 billion from ¥702.1 million in 2016[22]. - The basic earnings per share for 2017 was ¥2.41, down 20.98% from ¥3.05 in 2016[22]. - The total profit for the year was CNY 252.58 million, a decrease of 6.30% compared to the previous year, primarily due to a foreign exchange loss of CNY 27.92 million[49]. - The company reported a total of ¥19.28 million in non-recurring gains for 2017, compared to ¥10.22 million in 2016[28]. Revenue and Sales - The company's total revenue for the air conditioning motors and components segment was approximately ¥796.28 million, with a year-on-year increase of 45.66%[58]. - The sales volume of air conditioning and motor components reached 14,244.78 million units, representing a year-on-year growth of 37.60%[59]. - Sales of air conditioning motors increased by 45% year-on-year, driven by product optimization and market strategy[37]. - The sales of modular solution components surged by 66% year-on-year, reflecting the company's focus on intelligent and modular product development[37]. - Domestic sales accounted for 54.10% of total revenue, while international sales made up 45.90%, with a year-on-year decrease of 7.86% in overseas sales[56]. Research and Development - The company emphasizes the importance of technological innovation and new product development to maintain competitive advantage in the market[5]. - The company is focused on enhancing its research and development capabilities to keep pace with industry technological advancements[5]. - The company holds 409 valid patents, including 36 invention patents, showcasing its strong R&D capabilities[41]. - R&D investment increased by 14.50% year-on-year, focusing on new technologies and products like electronic water pumps for commercial and passenger vehicles[50]. - The company's R&D investment accounted for 4.01% of total revenue, focusing on smart components for home appliances and automotive motors[70]. Risk Management - The company has a comprehensive risk management strategy to address various risks, including technological, currency, labor, and raw material price fluctuations[5][7][8][9]. - Rising labor costs are a significant risk, as the company has been increasing worker compensation to attract skilled labor[8]. - The company acknowledges the potential adverse effects of continued appreciation of the RMB against the USD and EUR on its performance[7]. - The company has implemented strategies to mitigate foreign exchange risks, including forward exchange contracts[100]. Corporate Governance and Compliance - The company is committed to maintaining transparency and accuracy in its financial reporting, as stated by its board and management[3]. - The company has established a strong governance framework with a clear delineation of roles and responsibilities among board members and management[198]. - The company has disclosed all related party transactions in accordance with regulatory requirements, ensuring transparency[129]. - The company has committed to comply with the profit distribution policy and dividend return plan as outlined in its articles of association[111]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 8.00 RMB per 10 shares (including tax) based on a total of 101,920,400 shares[9]. - The company's cash dividends for the year amount to 81,536,320 RMB, with a cash dividend per share of 8 RMB[104]. - The company reported a profit distribution commitment for the next three years, ensuring a consistent dividend return plan[125]. Legal Matters and Intellectual Property - The company has been actively involved in patent disputes, indicating a focus on protecting its intellectual property rights[143]. - The company faced a lawsuit from Jiangmen Deerlhan Yu Electric Appliance Co., Ltd. for alleged patent infringement, with the claimed amount being 8,000,000 yuan[144]. - The lawsuit was withdrawn by Jiangmen Deerlhan Yu Electric Appliance Co., Ltd., and the company is no longer facing this legal challenge[144]. - The company is committed to pursuing legal avenues to defend its patents and maintain its competitive edge in the market[144]. Future Plans and Strategies - The company aims to optimize existing product costs and quality while expanding into new markets for smart components in home appliances, including refrigerators, washing machines, and air conditioners[89]. - The company plans to enhance its automotive parts and motor market presence, leveraging its technological advantages in electronic control and integrated motors[90]. - The company will continue to focus on "smart manufacturing" by increasing investments in automation and information technology[90]. - The company is actively pursuing mergers and acquisitions to strengthen its industry and market positioning[93].