证券代码：300670 证券简称：大烨智能 江苏大烨智能电气股份有限公司 投资者关系活动记录表 编号：001 | --- | --- | --- | |-------------------------|------------------------------|-------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | 特定对象调研 | 分析师会议 | | | □ | □ | | 类别 | □ 媒体采访 | √ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 人员姓名 | | 江苏大烨智能电气股份有限公司：董事长陈杰、总经理曾 治、财务总监兼董事会秘书王跃进、独立董事施平 | | | | | | | | 华泰联合证券有限责任公司：保荐代表人沙伟 | | 时间 | 2018 年 4 月 27 日 | 15:00-17:00 | | 地点 | 全 ...

Financial Performance - The company reported a revenue of 500 million yuan for the first half of 2022, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was 80 million yuan, up 10% compared to the same period last year[12]. - The company's operating revenue for the reporting period was ¥117,448,791.26, a decrease of 45.90% compared to ¥217,076,120.46 in the same period last year[19]. - The net profit attributable to shareholders was -¥41,463,639.66, representing a decline of 327.27% from ¥18,243,939.08 in the previous year[19]. - The net cash flow from operating activities was -¥60,398,139.35, a significant drop of 2,292.84% compared to ¥2,754,333.38 in the same period last year[19]. - The company reported a net loss of CNY 42,928,264.09 for the first half of 2022, compared to a net profit of CNY 22,928,408.49 in the same period of 2021[182]. - The gross profit margin for the first half of 2022 was approximately -36.2%, compared to a positive margin in the previous year[181]. - The company reported a significant increase in financial expenses, totaling CNY 32,428,870.19, compared to a financial income of CNY 1,548,002.03 in the previous year[181]. Investment and R&D - The company plans to invest 100 million yuan in R&D for new technologies and products in the next fiscal year[12]. - The company has developed over 100 national patents and software copyrights, indicating strong R&D capabilities in the smart distribution field[28]. - The company has established a comprehensive technical research and development system, with a team of experienced professionals in the smart distribution network equipment manufacturing industry[38]. - Research and development expenses were ¥8,184,387.28, down 13.44% from ¥9,454,791.23, due to delays in some projects caused by the pandemic[48]. - The company aims to optimize product layout and enrich product varieties in the smart distribution sector[28]. Market Expansion and Strategy - User data indicates a growth of 20% in active users of the company's smart electric solutions[12]. - The company has expanded its market presence by entering three new provinces, increasing its geographical footprint by 25%[12]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[12]. - The company is actively expanding its renewable energy business, focusing on distributed photovoltaic power stations and offshore wind power installation[29]. - Future guidance estimates a revenue growth of 12% for the second half of 2022, driven by increased demand in the renewable energy sector[12]. Operational Challenges and Risks - The management highlighted risks related to supply chain disruptions and inflation, with strategies in place to mitigate these risks[12]. - The company faces risks from rising raw material prices, particularly for copper and iron, which could affect operating costs and profit margins if not managed effectively[83]. - The ongoing COVID-19 pandemic has affected operations, particularly in regions like Nanjing, Suzhou, and Shanghai, impacting employee attendance, raw material procurement, and production[88]. - The company has faced risks related to cash flow and net profit generation due to delays in the modification of vessels "Huangjing 01" and "Huangjing 02," which are expected to be operational by Q4 2022[87]. Financial Position and Assets - Total assets increased by 51.99% to ¥1,928,671,141.48 from ¥1,268,948,036.23 at the end of the previous year[19]. - Cash and cash equivalents decreased to ¥2,964.98 million, representing 1.54% of total assets, down from 7.21% last year, due to investments made during the reporting period[54]. - Accounts receivable increased to ¥33,817.38 million, accounting for 17.53% of total assets, a decrease of 8.84% from the previous year, attributed to delayed settlements caused by the pandemic[54]. - The total amount of funds raised by the company was CNY 29,511.00 million, with a net amount of CNY 27,118.89 million after deducting issuance costs of CNY 2,392.11 million[69]. Corporate Governance and Compliance - The company has ensured that all disclosed information regarding the use of raised funds is timely, accurate, and complete, with no violations reported[72]. - The company has strengthened compliance awareness to ensure timely and accurate information disclosure[120]. - The semi-annual financial report was not audited[114]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[111]. Employee Welfare and Social Responsibility - The company provides comprehensive social insurance for all employees, including pension, medical, unemployment, work injury, and maternity insurance[107]. - The company has implemented a variety of employee welfare programs, including regular health check-ups and team-building activities to promote a harmonious work environment[107]. - The company has committed to a carbon reduction strategy, implementing measures such as paperless offices and orderly electricity usage during peak hours to minimize resource and energy consumption[103]. - The company has not faced any administrative penalties for environmental issues during the reporting period and adheres strictly to environmental protection laws and regulations[103].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[16]. - The company's operating revenue for 2021 was ¥513,012,749.04, a decrease of 5.22% compared to ¥541,289,479.86 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥41,817,642.57, down 33.91% from ¥63,278,085.28 in 2020[21]. - The net cash flow from operating activities decreased by 41.72% to ¥99,395,681.02 in 2021 from ¥170,550,341.12 in 2020[21]. - The basic earnings per share for 2021 was ¥0.1323, a decline of 33.95% compared to ¥0.2003 in 2020[21]. - The gross profit margin for electrical equipment was 30.17%, a decrease of 0.92% from the previous year[52]. - The company's operating revenue for 2021 was 513.01 million yuan, a decrease of 5.22% compared to the previous year[41]. - The net profit attributable to the parent company was 41.82 million yuan, down 33.93% year-on-year[41]. - The decline in revenue was primarily due to pandemic-related restrictions and rising raw material costs, which affected production and sales[41]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[16]. - The company is exploring acquisition opportunities to enhance its technological capabilities and expand its product offerings[16]. - The company aims to enhance the research and development of environmentally friendly and energy-efficient distribution equipment in response to new industry regulations[32]. - The company is actively pursuing market expansion through significant contracts and partnerships in the energy sector[58]. - The overall performance outlook for 2022 remains positive, with expectations of continued growth in the electric equipment and renewable energy markets[58]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies for the upcoming year[16]. - The company’s R&D investment amounted to ¥25,411,091.30 in 2021, representing 4.95% of total revenue, an increase from 4.60% in 2020[71]. - The number of R&D personnel decreased by 7.32% from 82 in 2020 to 76 in 2021, with the proportion of R&D staff remaining relatively stable at 17.84%[70]. - The company plans to enhance its research and development capabilities and product offerings in 2022, focusing on converting R&D results into high-quality products[105]. Product Development and Innovation - New product development includes the launch of a smart grid solution, expected to generate an additional 200 million RMB in revenue in 2022[16]. - The company maintains a leading position in the distribution automation technology within the smart distribution field[31]. - The company has developed products that meet the State Grid's standardized design requirements, including integrated overhead circuit breakers and ring network cabinets, which have been launched in the market[33]. - The company’s environmentally friendly gas-insulated switchgear is used in high-voltage power systems, offering advantages in terms of economy, applicability, and reliability[36]. Financial Management and Investments - The company reported investment income of CNY 1,417,189.89, accounting for 2.25% of total profit, while other income sources included government subsidies of CNY 1,540,227.61, representing 2.45% of total profit[75]. - The company has a pending amount of approximately 636.78 million CNY for the photovoltaic project contracts that are yet to be fulfilled[58]. - The company has committed to using the raised funds for specific projects, with a total of CNY 1.15 million permanently supplementing working capital[93]. - The company has a total of CNY 1.63 billion in financial assets, with a fair value change of CNY 19.99 million during the reporting period[87]. Governance and Compliance - The company has established a complete organizational structure with independent operational capabilities across all functional departments[130]. - The company maintains strict information disclosure practices to enhance transparency and investor communication[123]. - The company has implemented measures to ensure that minority shareholders can express their opinions and protect their legal rights[160]. - The company has a robust legal framework ensuring that all personnel decisions are made without interference from controlling shareholders[128]. Employee Management and Welfare - The total number of employees at the end of the reporting period was 426, with 312 in the parent company and 114 in major subsidiaries[153]. - The company emphasizes a competitive and fair salary policy, linking employee compensation to company performance and market standards[154]. - The company conducted various training programs to enhance employee skills and operational efficiency, focusing on professional, management, and specialized training[156]. - The company has no reported risks during the supervisory activities of the supervisory board[152]. Risks and Challenges - The management highlighted potential risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[5]. - The company faces risks from rising raw material prices, particularly copper and iron, which could impact gross margins and profitability if costs cannot be passed on to customers[109]. - The company is actively monitoring the COVID-19 situation to manage risks related to employee attendance, material procurement, and production[113]. Shareholder Relations - The company held three shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting shareholder rights[118]. - The future three-year shareholder dividend return plan (2021-2023) was approved, considering profitability, development planning, and shareholder returns[158]. - The company reported a total of 770,000 shares held by senior management at the end of the reporting period, with no new grants during the period[169].

2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 江苏大烨智能电气股份有限公司 2022 年第一季度报告全文 证券代码：300670 证券简称：大烨智能 公告编号：2022-048 江苏大烨智能电气股份有限公司 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 36,708,491.25 | 60,285,025.47 | -39.11% | | 归属于上市公司股东的净利润（元） | -7,478,320.30 | -2,0 ...

江苏大烨智能电气股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 江苏大烨智能电气股份有限公司 2021 年第三季度报告 证券代码：300670 证券简称：大烨智能 公告编号：117 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 上年同期增减 | | 营业收入（元） | 109,768,101.74 | -30.51% | 326,844,222.20 | -11.88 ...

Financial Performance - The company reported a revenue of 500 million yuan for the first half of 2021, representing a year-on-year increase of 20%[15]. - The net profit attributable to shareholders was 80 million yuan, up 15% compared to the same period last year[15]. - The company's operating revenue for the reporting period was ¥217,076,120.46, representing a year-on-year increase of 1.94% compared to ¥212,947,632.19 in the same period last year[21]. - The net profit attributable to shareholders was ¥18,243,939.08, reflecting a 1.43% increase from ¥17,986,333.73 in the previous year[21]. - The basic earnings per share for the reporting period was ¥0.0578, an increase of 1.58% from ¥0.0569 in the same period last year[21]. - The company reported a significant increase in accounts receivable, totaling CNY 338,524,549.85, which is a 2.56% increase from CNY 329,807,297.24 at the end of the previous year[58]. - The company reported a net profit for the first half of 2021 of CNY 22,928,408.49, slightly down from CNY 23,206,421.31 in the previous year, representing a decrease of 1.2%[167]. - The total comprehensive income for the first half of 2021 was approximately 9,340.84 million CNY, reflecting a growth of 35.43% compared to the previous year[185]. Investment and R&D - The company plans to invest 100 million yuan in R&D for new technologies and products in the next fiscal year[15]. - The company has signed investment development agreements for a total of 1,517.7 MW in its renewable energy business, including 500 MW of ground-mounted photovoltaic projects and 96 MW of wind power[28]. - The company has made substantial investments in research and development, resulting in multiple patents and software copyrights in key technology areas[47]. - The company plans to continue expanding in the smart distribution network industry, optimizing product layout and enriching product varieties[28]. - The company is actively expanding its product offerings in the Internet of Things and digitalization sectors, aiming to enhance its market presence[43]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% market share by 2025[15]. - The company is focusing on enhancing its distribution network, with plans to open 50 new service centers by the end of 2022[15]. - The company is positioned to benefit from ongoing industry trends such as new infrastructure and digital economy initiatives, which are expected to drive future growth[40]. - The company aims to improve its operational efficiency and explore potential mergers and acquisitions to strengthen its market position[189]. Financial Health and Cash Flow - The net cash flow from operating activities improved significantly to ¥2,754,333.38, a 117.92% increase from a negative cash flow of ¥15,372,464.27 in the same period last year[21]. - The company's cash and cash equivalents decreased significantly from CNY 196,837,102.35 to CNY 58,412,825.74, a decline of approximately 70%[157]. - The total cash inflow from financing activities was 32,960,000.00 CNY, with cash outflow totaling 10,139,483.72 CNY, resulting in a net cash flow of 22,820,516.28 CNY[178]. - The company reported a significant decrease in short-term borrowings from CNY 64,085,066.67 to CNY 29,018,729.18, a decline of approximately 54.7%[159]. Risk Management - The management highlighted risks related to supply chain disruptions and regulatory changes, with strategies in place to mitigate these risks[15]. - The company emphasizes continuous technological innovation and new product development to mitigate risks associated with industry policy changes and technological advancements[87]. - The company has established a quality management system compliant with ISO9001 standards to control product quality and mitigate risks associated with product reliability[89]. Corporate Governance and Compliance - The company held its first extraordinary general meeting of shareholders on February 23, 2021, with a participation rate of 47.79%[95]. - The annual general meeting of shareholders for 2020 was held on May 20, 2021, with a participation rate of 47.51%[95]. - The company did not undergo an audit for the semi-annual financial report[112]. - The company received a regulatory letter from the Shenzhen Stock Exchange on May 2, 2021, highlighting multiple errors in the disclosure of its 2020 annual report, including misreporting audit opinions[118]. - The company has not reported any significant acquisitions or mergers during the reporting period[120]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,000[142]. - The largest shareholder, Chen Jie, holds 36.51% of the shares, totaling 28,829,250 shares[144]. - The company has a significant shareholder, Nanjing Mingzhao Investment Management Co., Ltd., holding 30,744,900 shares, representing 9.73% of the total shares[142]. - The report indicates that the shares released from restrictions are subject to performance compensation agreements[140].

Financial Performance - The company's operating revenue for Q1 2021 was ¥60,285,025.47, representing a 78.17% increase compared to ¥33,834,748.24 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥2,012,239.18, an improvement of 30.01% from a loss of ¥2,875,203.74 in the previous year[7] - The net cash flow from operating activities was a negative ¥26,890,734.88, slightly improved by 2.13% from a negative ¥27,474,756.81 year-on-year[7] - The operating cost for Q1 2021 was CNY 44.86 million, reflecting a 98.39% increase from CNY 22.61 million in the same period last year[16] - The net profit attributable to shareholders for Q1 2021 was a loss of CNY 2.01 million, an improvement of 30.01% compared to the loss of CNY 2.87 million in Q1 2020[18] - The company reported a total equity of CNY 1,007,499,448.03 as of March 31, 2021, compared to CNY 1,008,364,679.93 at the end of 2020, a slight decrease of about 0.09%[36] - The company reported an operating profit of CNY -1,436,278.91 for Q1 2021, an improvement from CNY -3,458,227.86 in Q1 2020[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,225,524,290.08, down 6.66% from ¥1,312,918,434.06 at the end of the previous year[7] - Current assets decreased to CNY 717,084,437.22 from CNY 802,638,474.08, representing a reduction of about 10.63%[34] - Total liabilities decreased to CNY 218,024,842.05 from CNY 304,553,754.13, a reduction of about 28.43%[36] - Current liabilities decreased to CNY 207,750,988.26 from CNY 294,085,384.50, reflecting a decline of approximately 29.29%[36] - The total amount of funds raised was CNY 271.19 million, with CNY 1.44 million invested in the current quarter[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,448[11] - The largest shareholder, Chen Jie, holds 36.51% of the shares, totaling 115,317,000 shares[11] - The company reported a decrease in net assets attributable to shareholders, which stood at ¥925,258,241.11, down 0.22% from ¥927,275,148.10 at the end of the previous year[7] Government Support and Income - The company received government subsidies amounting to ¥688,745.09 during the reporting period[8] - The company reported a significant increase in other income, which rose by 409.28% to CNY 688,745.09 due to government subsidies[16] Investment and Projects - The total investment commitment for the distribution network automation products is CNY 22,967.1 million, with a cumulative investment of CNY 13,926 million, achieving 60.64% of the planned progress[22] - The microgrid control system project has a total investment of CNY 4,151.79 million, with a cumulative investment of CNY 3,330.5 million, reaching 80.22% of the planned progress[22] - The company has temporarily supplemented working capital with idle raised funds not exceeding CNY 30 million, with a usage period of up to 12 months[23] - The microgrid control system production project was terminated due to unclear market prospects and difficulties in achieving profitability[22] Cash Flow and Expenses - Cash received from sales and services in Q1 2021 was CNY 101.82 million, a 53.00% increase from CNY 66.55 million in Q1 2020[17] - The company incurred research and development expenses of ¥2,726,103.53, slightly up from ¥2,646,041.48 in the previous period[47] - The cash flow from operating activities shows a net outflow of -¥26,890,734.88, which is a marginal improvement from -¥27,474,756.81 in the previous period[52] - The total cash inflow from investment activities is ¥477,363,944.61, compared to ¥113,821,738.62 in the previous period, showing a substantial increase[52] Operational Challenges - The company has faced delays in project construction and equipment procurement due to the impact of the COVID-19 pandemic[22] - The company has not reported any significant changes in the cumulative net profit forecast for the year[24] Compliance and Audits - The company has not engaged in any investor communications or interviews during the reporting period[29] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[57] - The company has disclosed a special audit opinion regarding fund occupation as of April 28, 2021[28]

Financial Performance - The company's operating revenue for 2020 was approximately ¥541.29 million, representing a 40.18% increase compared to ¥386.15 million in 2019[20]. - The net profit attributable to shareholders for 2020 was approximately ¥63.28 million, a significant increase of 90.52% from ¥33.21 million in 2019[20]. - The net cash flow from operating activities reached approximately ¥170.55 million, marking a 190.85% increase compared to ¥58.64 million in 2019[20]. - The basic earnings per share for 2020 was ¥0.2003, up 75.86% from ¥0.1139 in 2019[20]. - The total assets at the end of 2020 were approximately ¥1.31 billion, a 3.57% increase from ¥1.27 billion at the end of 2019[20]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching approximately ¥59.60 million in 2020, up 91.43% from ¥31.13 million in 2019[20]. - The weighted average return on equity for 2020 was 7.08%, an increase from 5.50% in 2019[20]. - The company achieved a revenue of ¥541,289,479.86 in 2020, representing a 40.18% increase compared to the previous year[46]. - The net profit attributable to shareholders was ¥63,278,085.28, a 90.52% increase year-over-year, driven by improved product quality and a higher gross margin[46]. Operational Strategy - The company emphasizes that the future operational plans are based on current industry and market conditions, and do not constitute performance commitments[5]. - The company is focused on developing new products and technologies to enhance its market position[12]. - The company is exploring market expansion opportunities to increase its competitive edge in the industry[12]. - The company is committed to integrating advanced technologies such as AI and IoT into its operations for improved efficiency[12]. - The company is actively considering mergers and acquisitions as part of its growth strategy[12]. - The company aims to enhance its product structure and continue research and development around smart distribution network equipment[28]. - The company is committed to leveraging technological advancements to enhance its product offerings and market presence in the evolving energy landscape[36]. - The company aims to respond to environmental goals with the development of eco-friendly products, such as the environmentally compliant pole-mounted circuit breaker[67]. - The company is developing several new products, including a standardized FTU and a second-generation semi-insulated ring network cabinet, aimed at enhancing product competitiveness and market expansion[67]. Research and Development - The company has established a strong R&D team focused on technological innovation, enhancing its competitive advantage in the smart distribution network equipment sector[36]. - R&D expenditures increased by 29.85% compared to the previous year, reflecting the company's commitment to technological advancement[46]. - The company invested CNY 24.8895 million in R&D in 2020, resulting in 34 patents and 26 software copyrights by December 31, 2020[47]. - The company has established a professional R&D team of over 60 members, focusing on various projects related to smart distribution network equipment[37]. - The company aims to increase its R&D budget to 150 million yuan, focusing on innovative solutions for energy efficiency[121]. Market Position and Expansion - The company is positioned as a mainstream supplier in the electric power industry, benefiting from a solid brand reputation and extensive industry experience[33]. - The company expanded its market presence to 19 provinces, including Jilin and Inner Mongolia, enhancing its product influence[46]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[121]. - The company is considering strategic acquisitions to enhance its technological capabilities and market reach, with potential targets identified in the electrical equipment sector[189]. Financial Management and Audit - The company has received an unqualified audit report from Tianheng Accounting Firm, highlighting the importance of accurate financial reporting[5]. - The company's financial report is guaranteed to be true, accurate, and complete by its management team, including the CEO and accounting head[4]. - The company has established a comprehensive internal control system to maintain investor rights and ensure accurate information disclosure[161]. - The company reported a non-standard audit report for the 2020 financial statements, highlighting a non-operating fund occupation of CNY 68,312,285.63 by controlling shareholder Chen Jie and related parties[130]. - The board confirmed that all occupied funds have been returned along with interest, ensuring compliance with audit standards[130]. Shareholder and Dividend Policies - The company reported a profit distribution plan of 0.6 CNY per 10 shares (including tax) based on a total of 315,890,479 shares[5]. - The cash dividend for the year is set at 0.6 yuan per 10 shares, totaling approximately 18.95 million yuan, which represents 100% of the distributable profit[113][114]. - The company has committed to a cash dividend distribution policy that complies with relevant regulations and laws[122]. - The company’s total cash dividends (including other forms) for 2020 accounted for 29.95% of the net profit attributable to ordinary shareholders[117]. Risk Management - The company has detailed potential operational risks and corresponding countermeasures in the report, urging investors to pay attention to these aspects[5]. - The company aims to address the challenges in the distribution network, which has lagged behind the main grid construction, leading to issues such as low reliability and high losses[32]. Employee and Management Practices - The company emphasizes employee rights protection and has implemented various employee welfare programs[160]. - The company has established a reasonable salary adjustment mechanism based on operational performance, local wage levels, employee capabilities, and inflation[198]. - The company actively conducts various training activities to enhance employee skills and market value, supporting continuous development and core competitiveness[199]. - The company has implemented a stock option incentive plan in 2020, granting 5 million options, which is 1.58% of the total share capital[136]. Corporate Governance - The company has implemented a strategy of integrating management and operations post-acquisition to ensure compliance with corporate governance standards[100]. - The company has established a mechanism for compensating shareholders in case of failure to meet profit commitments[124]. - The company’s performance commitments are part of the asset acquisition agreements signed in 2018 and 2019[124].

Financial Performance - The company's revenue for Q1 2021 was ¥60,285,025.47, representing a 78.17% increase compared to ¥33,834,748.24 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥2,012,239.17, an improvement of 30.01% from a loss of ¥2,875,203.74 in the previous year[6] - The basic and diluted earnings per share were both ¥-0.0064, showing a 29.67% improvement from ¥-0.0091 in the same period last year[6] - Operating loss for Q1 2021 was 1.4363 million yuan, with the loss margin narrowing by 58.47% compared to the same period last year[20] - Total profit for Q1 2021 was a loss of 1.3354 million yuan, with the loss margin narrowing by 51.22% year-on-year[20] - The main factors driving revenue and profit growth were the recovery of normal supply levels in most provinces compared to the pandemic-affected 2020[20] - The company expects better profit growth in Q2 2021 as stable production and delivery are anticipated[20] Cash Flow and Investments - The net cash flow from operating activities was a negative ¥26,890,734.88, slightly improved by 2.13% from a negative ¥27,474,756.81 year-on-year[6] - Cash flow from operating activities improved, with cash received from sales increasing by 53.00% to RMB 101,819,106.70 compared to RMB 66,549,227.97 in the previous year[19] - Investment income surged by 979.22% to RMB 648,359.81, attributed to favorable cash management and returns from financial investments[19] - The company's cash and cash equivalents decreased from ¥196,837,102.35 on December 31, 2020, to ¥150,979,413.21 on March 31, 2021, representing a decline of approximately 23.3%[35] - The company has temporarily used up to ¥30,000,000 of idle raised funds to supplement liquidity, with a usage period not exceeding 12 months[26] - The company reported a net cash outflow of CNY 45.86 million from financing activities, an improvement from CNY 70.30 million in the previous year[54] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,224,504,290.08, down 6.66% from ¥1,311,898,434.06 at the end of the previous year[6] - The total amount of raised funds was 271.1889 million yuan, with 14.406 million yuan invested in the current quarter[23] - Total liabilities decreased from CNY 304,553,754.13 to CNY 218,024,842.05, representing a decline of about 28.5%[37] - Current liabilities totaled CNY 207,750,988.26, down from CNY 294,085,384.50, a decrease of approximately 29.3%[37] - The company's equity attributable to shareholders decreased from CNY 926,255,148.10 to CNY 924,238,241.11, a marginal decline of about 0.22%[38] Operational Highlights - The gross profit margin decreased as operating costs rose to RMB 44,856,259.06, a 98.39% increase from RMB 22,609,809.97 in the previous year[18] - Accounts receivable financing decreased by 78.05% to RMB 900,000.00 from RMB 4,100,000.00 due to lower bank acceptance notes used for collections[18] - Inventory increased by 53.09% to RMB 56,363,845.26, impacted by supply chain constraints leading to delays in product shipments[18] - The company reported a significant increase in prepaid expenses, which rose by 303.23% to RMB 8,809,743.24, as a result of locking in prices for key materials[18] - The company plans to continue expanding its distribution network and enhancing product offerings in response to market demand[18] - The company plans to continue focusing on the "Distribution Network Automation Expansion Project" and "Microgrid Control System Production Project" to enhance its market position[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,448[12] - The total amount of minority interests was CNY 81,089,531.83, reflecting the interests of other shareholders in the company[63]

Financial Reporting and Compliance - The company guarantees the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[2]. - There are no significant internal control deficiencies reported, indicating a stable financial reporting environment[3]. - The company has not experienced a significant decline in performance, with no net profit or revenue drop exceeding 50% compared to the previous year[3]. - Future operational plans are based on current industry and market conditions, but do not constitute performance commitments[4]. - The company is required to disclose major risks related to its business, including market price fluctuations and natural disaster risks[5]. - The company must comply with specific disclosure requirements related to its industry, ensuring transparency in risk factors[6]. - The company emphasizes the importance of investor awareness regarding potential risks that could adversely affect future business strategies[7]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.6 yuan per 10 shares to all shareholders, based on a total of 315,890,479 shares[9]. - The company will not distribute cash dividends, issue bonus shares, or increase capital using reserves[10]. Performance Metrics - The company's operating revenue for 2020 was CNY 541,289,479.86, representing a 40.18% increase compared to CNY 386,148,084.92 in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 63,278,085.28, a significant increase of 90.52% from CNY 33,213,479.56 in 2019[19]. - The net cash flow from operating activities reached CNY 170,550,341.12, marking a 190.85% increase compared to CNY 58,637,597.34 in 2019[19]. - The basic earnings per share for 2020 was CNY 0.2003, up 75.86% from CNY 0.1139 in 2019[19]. - The total assets at the end of 2020 amounted to CNY 1,311,898,434.06, reflecting a 3.57% increase from CNY 1,266,624,874.79 at the end of 2019[19]. - The net assets attributable to shareholders increased by 7.43% to CNY 926,255,148.10 at the end of 2020, compared to CNY 862,189,812.70 at the end of 2019[19]. - The company reported a diluted earnings per share of CNY 0.1993 for 2020, which is a 74.98% increase from CNY 0.1139 in 2019[19]. - The weighted average return on equity for 2020 was 7.08%, an increase from 5.50% in 2019[19]. - The net profit after deducting non-recurring gains and losses was CNY 59,599,630.02, a 91.43% increase from CNY 31,133,143.78 in 2019[19]. Risk Management - The company has identified various risk factors, including fluctuations in raw material prices and inventory risks, and has outlined measures to address these risks[8]. - The company is required to disclose significant external factors affecting the textile and apparel industry, including changes in tax and import/export policies[8]. - The company must provide risk warnings related to its reliance on government support for its integrated circuit business[8]. - The company has a substantial inventory balance, which poses a risk that needs to be managed[8]. - The company is expected to continue monitoring the macroeconomic environment and its impact on business operations[8]. Market and Product Development - The company has not disclosed any new product developments or technological advancements in the current reporting period[8]. - The company has not announced any plans for market expansion or mergers and acquisitions[8]. - The company focuses on the research, development, and production of technologies related to the safety, stability, automation, and informationization of distribution networks[38]. - Main products include distribution automation terminals, smart medium-voltage switchgear, substation automation systems, and low-voltage electrical complete equipment[38]. - The company aims to enhance production capacity and optimize existing products while continuing to develop solutions for smart distribution networks[38]. - The company plans to continue expanding its market presence and product offerings in response to the growing demand for electrical equipment[41]. Technological Innovation and R&D - The company has established a professional R&D team of over 60 members, most of whom have extensive experience in the smart distribution network equipment manufacturing industry[71]. - The company has obtained a total of 30 patents and 22 software copyrights, demonstrating its strong capability in intellectual property accumulation[73]. - The company has implemented an efficient technical innovation incentive mechanism, linking employee performance in R&D to compensation and career advancement[72]. - The company has developed smart medium-voltage switchgear that integrates primary and secondary equipment, enhancing its competitive advantage in the market[73]. - The company has passed ISO9001:2015 quality management system certification, ensuring strict quality control in raw material procurement and product manufacturing[75]. - The company has a comprehensive R&D system that combines various departments, ensuring a robust talent pool for product development and quality control[71]. Revenue and Sales Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the latest fiscal year[116]. - User data indicates that the number of active users on the cloud computing platform exceeded 1 million, contributing to over 10% of the total revenue[119]. - The company plans to expand its market presence by entering three new regions in the upcoming year, targeting a 20% increase in market share[114]. - New product development is underway, with two major products expected to launch by Q3 2021, projected to generate an additional $50 million in revenue[117]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[117]. - The company has secured contracts worth $200 million through competitive bidding, which will significantly impact future revenue streams[117]. Operational Efficiency and Cost Management - The company reported a 10% reduction in operational costs due to improved supply chain management and energy procurement strategies[121]. - The company is actively managing risks associated with contract execution and has outlined compensation plans for potential breaches[194]. - The total investment in ongoing energy-saving projects is substantial, with a significant portion yet to be completed[195]. - The company is committed to transparency regarding major unfinished projects, detailing their progress and financial implications[200].