证券代码：300681 证券简称：英搏尔 珠海英搏尔电气股份有限公司 投资者关系活动记录表 编号：2021-003 | --- | --- | --- | --- | --- | --- | |----------------|---------------------------------------------------------|--------------------------------------------|-------|-------|-----------| | | □ 特定对象调研 | □ 分析师会议 | | | | | | □ 媒体采访 | □ 业绩说明会 | | | | | 投资者关系活动 | □ 新闻发布会 | □ 路演活动 | | | | | 类别 | □ 现场参观 | | | | | | | 其他 | 投资者网上集体接待日活动 | | | | | 参与单位名称及 | 参与"守初心办实事，心系投资者，携手促共赢"—— | | | | 2021 | | 人员姓名 | 年广东上市公司投资者网上集体接待日活动的投资者 | | | | | | 时间 | 2021 年 5 月 19 ...

证券代码：300681 证券简称：英搏尔 珠海英搏尔电气股份有限公司 投资者关系活动记录表 编号：2021-004 | --- | --- | --- | --- | --- | --- | --- | |---------------------|-------------------------------------------------|------------------------------------------------------|-------|--------|-------|-------| | | | | | | | | | 投资者关系活动 类别 | 特定对象调研 □ 媒体采访 | □ 分析师会议 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 | 宝盈基金 :容志能 | 博鸿投资:蔡成吉 东吴证券:柴嘉辉 | | | | | | 人员姓名 | 华创证券 : | 耿琛、邓洁、岳阳、董女士 | | | | | | | | 长城基金:储雯玉、陈良栋、廖瀚博、刘疆、杨 ...

证券代码：300681 证券简称：英搏尔 珠海英搏尔电气股份有限公司 投资者关系活动记录表 编号：2022-004 | --- | --- | --- | |-------------------------|-------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系活动 类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | ☑ 其他 | 投资者网上集体接待日活动 | | 参与单位名称及 人员姓名 | 参与"心系投资者 石" 2022 资者 | 携手共行动——筑牢资 ...

机构调研纪要 会议目的 2022 年 10 月 24 日行业分析师及机构投资者交流纪要 东吴证券、安信证券、华安证券、华创证券、方正证券、中信建 投、申万宏源、方正证券、信达证券、广发证券、广发基金、上 投摩根、招商基金、银河基金、富兰克林基金、景顺长城、中邮 交流机构 基金、华夏基金、华商基金、工银瑞信基金、中欧基金、农银汇 理、国寿安保、大家保险、光大保德信、睿远基金、敦和资产、 参加人 同犇投资、玄元投资、源乐晟资产等 358 家机构，524 人次参会。 总经理：贺文涛 财务总监：梁小天 英搏尔 副总经理兼董事会秘书：邓柳明 投资者关系总监：卢平 证券代表：徐惠冬 会议地点 线上会议 日期 2022-10-24 讨论纪要 说明： 本次会议就行业和公司的基本情况进行介绍，并与投资者进行了业绩及相关问题的沟通交 流，在此将会上的问答环节做如下记录。 Ｑ＆Ａ ■Q：请简单介绍一下公司，并回顾一下公司 2022 年第三季度及前三季度业绩情况。 ■A：公司专注于新能源汽车动力系统领域研发生产，目前已经形成了从 A00 级车型到 C 级车型的全系解决方案，以电源系统，电驱动系统和电机、电控单体产品为核心的产品矩阵。 ...

证券代码：300681 证券简称：英搏尔 东吴证券、安信证券、华安证券、华创证券、方正证券、中信 建投、申万宏源、方正证券、信达证券、广发证券、广发基金、 上投摩根、招商基金、银河基金、富兰克林基金、景顺长城、 参与单位名称及 中邮基金、华夏基金、华商基金、工银瑞信基金、中欧基金、 人员姓名 农银汇理、国寿安保、大家保险、光大保德信、睿远基金、敦 和资产、同犇投资、玄元投资、源乐晟资产等 358 家机构，524 人次参会。 珠海英搏尔电气股份有限公司 投资者关系活动记录表 编号：2022-005 | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|--------------|------------|-------|-------|-------|-------|-------| | | | | | | | | | | | 特定对象调研 | 分析师会议 | | | | | | | 投资者关系活动 | □媒体采访 | 业绩说明会 | | | | | | | 类别 | □新闻发布会 | 路演活动 | | | | | | | | ...

Financial Performance - The company's revenue for Q3 2022 reached ¥508,264,431.89, representing a 257.29% increase year-over-year[5] - Net profit attributable to shareholders was ¥5,150,966.54, a significant increase of 1,629.79% compared to the same period last year[5] - The company's operating revenue reached ¥1,377,194,003.78, a significant increase of 202.53% compared to the same period last year, primarily driven by the growth in new energy vehicle sales[12] - The net profit for Q3 2022 was CNY 32,550,352.36, a significant increase from CNY 17,006,111.06 in Q3 2021, representing an increase of approximately 91.3%[30] - Operating profit for Q3 2022 was CNY 16,578,252.59, compared to CNY 14,723,278.69 in the same period last year, showing an increase of about 12.5%[30] - The company reported a total profit of CNY 16,287,374.33 for the quarter, down from CNY 18,458,420.50 in the same period last year, reflecting a decrease of approximately 6.4%[30] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥3,749,721,658.45, reflecting an 87.95% increase from the end of the previous year[5] - The total liabilities increased to ¥2,047,859,026.17 from ¥1,316,856,784.71, which is an increase of about 55.6%[28] - Current assets totaled ¥2,992,760,699.28, compared to ¥1,402,479,134.66 at the start of the year, representing an increase of approximately 113.0%[27] - Cash and cash equivalents stood at ¥990,086,501.07, a significant increase from ¥148,811,695.41, reflecting a growth of about 564.5%[27] Equity and Shareholder Information - The company's total equity attributable to shareholders increased to ¥1,701,862,632.28, a rise of 150.93% compared to the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 9,345, with the largest shareholder holding 29.14% of the shares[17] - The top 10 unrestricted shareholders held a total of 36,191,865 shares, with the largest shareholder being Jiang Guibin[20] - The company has no related party or concerted action among the top 10 shareholders[20] Cash Flow and Investments - Cash flow from operating activities for the year-to-date period reached ¥82,133,452.30, an increase of 187.65%[5] - The company reported a net cash outflow of ¥170,611,988.40 for the purchase of fixed assets, reflecting a 111.44% increase due to investments in equipment and land[15] - The cash outflow from investment activities was CNY 530,611,988.40, compared to CNY 82,517,478.97 in the previous year, indicating increased investment activities[32] - The company reported cash inflow from financing activities of CNY 923,719,329.45, compared to CNY 122,509,114.97 in the same period last year, indicating a substantial increase[32] Operating Costs and Expenses - Operating costs amounted to ¥1,193,461,540.51, reflecting a 233.08% increase, mainly due to the rise in operating revenue and associated costs[12] - Total operating costs amounted to ¥1,395,411,006.95, up from ¥472,743,210.92, indicating a year-over-year increase of about 195.5%[29] - Financial expenses rose by 74.80% to ¥10,076,299.56, mainly due to increased interest expenses from expanded financing[12] - The company reported a significant increase in sales expenses, which rose by 38.11% to ¥26,987,213.78, due to higher after-sales service costs and stock incentive expenses[12] Research and Development - Research and development expenses increased by 89.51% to ¥118,701,040.14, attributed to the expansion of new product development and an increase in R&D personnel[12] - Research and development expenses rose to ¥118,701,040.14, compared to ¥62,634,325.52 in the previous year, reflecting an increase of approximately 89.5%[29] Share Issuance and Stock Options - The company issued shares to specific investors, resulting in cash inflow of ¥999,738,060.21, marking a new funding strategy[15] - The company issued a total of 19,928,879 shares at a price of 48.99 RMB per share, raising a total of 976,315,782.21 RMB, with a net amount of 963,192,041.41 RMB after deducting issuance costs[21] - The company adjusted the stock option incentive plan, with the number of unexercised stock options for the 2020 plan reduced to 464,797 shares at an exercise price of 17.22 RMB per share[22] - The company granted 380,000 stock options to 6 incentive targets at an exercise price of 56.32 RMB per share on September 2, 2022[23] - As of June 30, 2022, a total of 1,050,100 shares were exercised under the 2020 stock option incentive plan, increasing the total share capital by 1,995,190 shares[24] Tax and Refunds - The company received ¥27,191,648.32 in tax refunds, a substantial increase of 16,911.10%, primarily from VAT input tax refunds[15]

Financial Performance - The company's revenue for the first half of 2022 reached RMB 868,929,571.89, representing a year-on-year increase of 177.64% compared to RMB 312,970,478.78 in the same period last year[26]. - The net profit attributable to shareholders was RMB 27,399,385.82, up 63.99% from RMB 16,708,330.99 in the previous year[26]. - The net cash flow from operating activities improved by 36.82%, with a net outflow of RMB 36,327,020.67 compared to RMB 57,499,901.35 in the same period last year[26]. - The total assets of the company increased by 31.75% to RMB 2,628,605,488.88 from RMB 1,995,079,307.72 at the end of the previous year[26]. - The company reported a basic earnings per share of RMB 0.1882, an increase of 61.82% from RMB 0.1163 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was RMB 5,693,448.61, reflecting a significant increase of 131.64% from RMB 2,457,881.50 in the previous year[26]. - The company achieved operating revenue of 868.93 million yuan, a year-on-year increase of 177.64%, and a net profit attributable to shareholders of 27.40 million yuan, up 63.99% year-on-year[44]. Market Trends - The market for new energy vehicles in China saw production and sales of 2.661 million and 2.6 million units respectively in the first half of 2022, both up 120% year-on-year, achieving a market share of 21.6%[9]. - The market penetration rate of new energy vehicles reached 21.6% in the first half of 2022, exceeding the 20% target set for 2025 in the "New Energy Vehicle Industry Development Plan (2021-2035)"[32]. - The rapid growth of the new energy vehicle market has led to increased demand for the company's core products, including drive systems and power systems[33]. - The automotive industry is expected to undergo a complete electrification transformation by 2035, with energy-saving vehicles and new energy vehicles each accounting for 50% of annual sales[34]. Product Development and Innovation - The company has a competitive advantage in cost control and technology in its drive and power system products, but must continue to innovate to maintain its market position[9]. - The company is focused on technological innovation and has a professional R&D team to enhance its core competitiveness in the rapidly evolving new energy vehicle market[38]. - The company has established a comprehensive R&D structure to support continuous innovation and product upgrades in response to market demands[43]. - The company is actively promoting domestic substitution and collaborating with local chip manufacturers to address supply chain issues and reduce costs[49]. - The company is focused on expanding its market presence and enhancing its competitive edge through continuous innovation and technology upgrades[50]. - The application of third-generation silicon carbide (SiC) is crucial for enhancing the power density and efficiency of electric vehicle motor controllers, significantly improving charging times and extending driving ranges[61]. Production Capacity and Efficiency - The company has an annual production capacity of 500,000 sets of power systems (drive assembly and power assembly) at its headquarters in Zhuhai[38]. - The company has established an annual production capacity of 500,000 sets of powertrains in a 65,000 m² high-standard factory, with a northern base in Heze, Shandong, expected to produce 200,000 sets annually starting from August 2021[63]. - The company has introduced advanced automated production lines to enhance production efficiency and capacity utilization for its drive assembly products[60]. - The company sold 42,400 powertrain units, generating revenue of 290 million yuan, a year-on-year growth of 538.44%[45]. - The company sold 242,100 power supply units, achieving revenue of 295 million yuan, a year-on-year increase of 394.04%[45]. Research and Development - The company invested CNY 73.22 million in R&D during the reporting period, accounting for 8.43% of its operating revenue, with a total of 173 authorized patents[51]. - Research and development expenses increased by 107.07% to ¥73,221,211.56, up from ¥35,360,269.58, as the company expanded its R&D projects and workforce[73]. - The R&D expenditure for the period was significant, emphasizing the company's commitment to innovation[199]. Risks and Challenges - The company faces risks related to raw material price fluctuations and shortages of core electronic components, which could impact manufacturing costs and sales profits[6]. - The company faces risks from raw material price fluctuations, with direct materials accounting for over 80% of costs, which could impact manufacturing costs and sales profits[101]. - The company is closely monitoring industry policy changes, particularly regarding subsidies and resource supply, which could affect overall market demand for electric vehicles[102]. - The company faced challenges in achieving expected benefits from its projects due to factors such as subsidy reductions, industry adjustments, and rising raw material costs[90]. Corporate Governance and Shareholder Matters - The company is committed to improving corporate governance and ensuring fair communication with investors[118]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[117]. - The company completed the transfer of 5% of its shares as per the commitment made on June 4, 2021, and will not exceed a total reduction of 3% of the company's shares within one year[122]. - The total number of ordinary shareholders at the end of the reporting period was 9,490[157]. - The largest shareholder, Jiang Guibin, holds 33.13% of the shares, totaling 48,255,820 shares, with an increase of 22,858,865 shares during the reporting period[157]. Financial Position and Cash Flow - The company reported a significant increase in cash and cash equivalents, totaling ¥216,757,959.84, a 1,193.25% rise from -¥19,826,975.05 in the previous year[73]. - The company's total assets as of June 30, 2022, amounted to CNY 2,628,605,488.88, an increase from CNY 1,995,079,307.72 on January 1, 2022[173]. - Current assets reached CNY 1,925,018,058.78, up from CNY 1,402,479,134.66 at the beginning of the year, indicating a growth of approximately 37.3%[173]. - The company's cash and cash equivalents rose to CNY 417,513,839.27 as of June 30, 2022, compared to CNY 133,383,779.06 at the start of the year, indicating an increase of approximately 213.5%[177]. - The total cash inflow from financing activities reached 527,596,797.71 CNY, significantly higher than 113,236,419.58 CNY in the previous year, indicating strong financing support[191].

Sales and Market Performance - In 2021, the sales volume of new energy vehicles in China reached 3.521 million units, a year-on-year increase of 160%, accounting for 13.4% of total new car sales[6]. - The company achieved a sales volume of 390,982 units in the new energy sector, a remarkable increase of 338.46% from 89,171 units in 2020[87]. - The company delivered 187.70 thousand sets of electric vehicle power source assemblies, achieving a market share of 6.25%, which is a significant increase compared to the previous year[47]. - The company’s powertrain (including motor controllers) sales volume reached 191.20 thousand sets, with a market share of 6.37%[46]. - Revenue from the new energy sector amounted to ¥641,437,180.01, accounting for 65.73% of total revenue, with a significant year-on-year growth of 285.55%[83]. - The company reported a gross margin of 11.06% in the new energy sector, with a year-on-year increase of 1.23%[86]. Financial Performance - The company's operating revenue for 2021 was approximately ¥975.80 million, representing a 131.80% increase compared to ¥420.97 million in 2020[20]. - The net profit attributable to shareholders for 2021 was approximately ¥46.84 million, a significant increase of 256.01% from ¥13.16 million in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥13.32 million, up 273.13% from a loss of ¥7.69 million in 2020[20]. - The total assets of the company at the end of 2021 reached approximately ¥1,995.08 million, an increase of 82.85% from ¥1,091.12 million at the end of 2020[20]. - The basic earnings per share for 2021 was ¥0.62, reflecting a 264.71% increase from ¥0.17 in 2020[20]. - The company reported a negative net cash flow from operating activities of approximately ¥119.02 million in 2021, a decline of 302.66% compared to a positive cash flow of ¥58.73 million in 2020[20]. Research and Development - The company emphasizes independent R&D, leading to several industry-leading core technologies that drive the development of the new energy vehicle industry[41]. - R&D expenses amounted to 91.90 million yuan, accounting for 9.42% of the operating revenue during the reporting period[49]. - The company has 157 authorized patents, including 24 invention patents, and has applied for 39 additional invention patents[49]. - The company has established a strong R&D team, with key personnel holding advanced degrees in electrical engineering and extensive industry experience[174]. - The company plans to continue investing in new technologies and product development to maintain its competitive edge in the market[175]. Production and Capacity - The company has an annual production capacity of 500,000 sets of power systems, including drive and power assemblies[36]. - The company has established a production capacity of 500,000 sets per year and is expanding its production base in Heze, Shandong, with an initial capacity of 200,000 sets launched in August 2021[61]. - The company employs an order-based production model, ensuring that production aligns with customer orders and specifications[40]. - The company is initiating a refinancing plan to enhance production capabilities and implement technological upgrades at its facilities in Zhuhai and Heze[61]. Strategic Goals and Market Position - The company is positioned in the rapidly growing electric vehicle market, with a projected compound annual growth rate (CAGR) of 36.1% for new energy vehicle sales in China from 2021 to 2025[34]. - The company aims to achieve higher order delivery targets in 2022 based on its improved batch delivery capabilities[78]. - The company has set a strategic goal to become an internationally leading power system supplier within the next 3-5 years, focusing on providing reliable quality and cost-effective key components for vehicle manufacturers[134]. - The company is actively expanding its customer base and brand presence, collaborating with global partners like Continental AG to penetrate international markets[141]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly in electronic components, which significantly impact manufacturing costs and sales profits[5]. - The company acknowledges the risk of intensified competition as domestic and foreign component suppliers accelerate their R&D efforts[6]. - The competitive landscape in the electric vehicle market is intensifying, with new entrants driving demand for high-quality components, necessitating continuous innovation and cost management[145]. - The company is closely monitoring industry policy changes, particularly in the electric vehicle sector, which could impact overall demand and sales[144]. Governance and Management - The company has established a complete and independent financial accounting department, ensuring compliance with accounting standards and independent financial management[156]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a diverse and knowledgeable governance structure[159]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, promoting accountability[164]. - The company has a robust governance structure that complies with relevant laws and regulations, ensuring effective operation and decision-making[164]. Employee and Organizational Structure - The total number of employees at the end of the reporting period was 1,510, including 1,358 at the parent company and 152 at major subsidiaries[199]. - The professional composition included 801 production personnel, 84 sales personnel, 427 technical personnel, 23 financial personnel, 76 administrative personnel, and 99 others[199]. - The company increased its R&D personnel from 233 in 2020 to 427 in 2021, representing an 83.26% increase[100]. - The company employs a fixed salary structure primarily for office personnel, which includes position-based, skill-based, and performance-based salary systems[200].

Revenue and Profit Growth - The company's revenue for Q1 2022 reached ¥352,500,814.52, a significant increase of 363.49% compared to ¥76,052,880.25 in the same period last year[3] - Net profit attributable to shareholders was ¥18,446,677.00, representing a remarkable growth of 774.47% from ¥2,109,465.29 year-on-year[3] - The basic earnings per share increased to ¥0.240, up 757.14% from ¥0.028 in the previous year[3] - The total operating revenue for the first quarter was CNY 352,500,814.52, a significant increase from CNY 76,052,880.25 in the same period last year, representing a growth of approximately 363.5%[20] - The net profit for the quarter reached CNY 18,446,677.00, a substantial rise from CNY 2,109,465.29 in the prior year, reflecting an increase of approximately 775.5%[21] - The total comprehensive income attributable to the parent company for the first quarter of 2022 was CNY 18,446,677, compared to CNY 2,109,465 in the same period last year, representing a significant increase[22] - Basic earnings per share for the first quarter were CNY 0.240, up from CNY 0.028 in the previous year, indicating strong growth in profitability[22] Asset and Liability Changes - The total assets at the end of the reporting period were ¥2,268,859,570.58, reflecting a 13.72% increase from ¥1,995,079,307.72 at the end of the previous year[3] - The total current assets increased to CNY 1,595,777,853.89 from CNY 1,402,479,134.66, which is an increase of approximately 13.8%[16] - The company's total assets at the end of the quarter were CNY 2,268,859,570.58, up from CNY 1,995,079,307.72 at the beginning of the year, marking an increase of about 13.7%[18] - The total liabilities increased to CNY 1,559,782,421.01 from CNY 1,316,856,784.71, which is an increase of approximately 18.4%[18] - The company's short-term borrowings increased by 53.43% to ¥323,243,703.56, reflecting higher financing needs due to increased sales[6] - The company's short-term borrowings increased to CNY 323,243,703.56 from CNY 210,678,255.78, reflecting a rise of approximately 53.3%[17] Cash Flow Analysis - The company reported a net cash flow from operating activities of -¥94,984,175.46, a decline of 323.37% compared to -¥22,435,497.32 in the same period last year[3] - Cash inflows from operating activities totaled CNY 239,730,842.01, a substantial increase from CNY 69,580,061.40 in the prior year[25] - The net cash flow from operating activities was negative CNY 94,984,175.46, worsening from negative CNY 22,435,497.32 year-over-year[25] - Cash flow from financing activities increased by 585.93% to ¥134,883,117.59, primarily due to a rise in bank loans[8] - Cash inflows from financing activities amounted to CNY 186,051,418.68, compared to CNY 36,000,000.00 in the previous year, showing a significant increase in financing efforts[26] - The net cash flow from financing activities was CNY 134,883,117.59, up from CNY 19,664,260.57 in the same period last year, indicating improved capital management[26] Operating Expenses and Investments - Research and development expenses rose to ¥32,533,185.79, an increase of 111.21% from ¥15,403,468.58, driven by new product development[7] - Cash paid for purchasing goods and services rose by 277.46% to ¥197,121,366.61, reflecting the growth in sales scale[8] - Cash paid for employee compensation increased by 112.37% to ¥58,192,476.16, due to higher salaries and changes in payment timing[8] - Cash used for acquiring fixed and intangible assets rose by 82.05% to ¥56,108,437.61, aimed at expanding production capacity[8] - The company reported cash outflows from investing activities of CNY 56,108,437.61, which increased from CNY 32,648,076.44 in the prior year, indicating higher investment expenditures[25] Government Subsidies and Other Income - The company received government subsidies amounting to ¥23,426,412.96, which contributed to the increase in net profit[5] - Cash received from other operating activities surged by 4059.62% to ¥23,057,228.53, mainly due to increased government subsidies[8] Audit and Reliability - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[27]

Financial Performance - The company's revenue for Q3 2021 reached ¥142,253,484.68, representing a 36.98% increase compared to the same period last year[3]. - Net profit attributable to shareholders was ¥297,780.07, a significant decrease of 96.80% year-on-year, while year-to-date net profit increased by 929.34% to ¥17,006,111.06[3]. - The company reported a year-to-date operating income of ¥455,223,963.46, which is an 85.53% increase compared to the previous year, driven by the growth in new energy vehicle production and sales[10]. - The company's basic earnings per share decreased by 96.84% to ¥0.0039, while diluted earnings per share remained the same[3]. - The net profit for Q3 2021 was CNY 17,006,111.06, a significant increase compared to CNY 1,652,137.05 in the same period last year, representing a growth of approximately 926.5%[28]. - Operating profit for the period was CNY 14,723,278.69, with total profit amounting to CNY 18,458,420.50, compared to CNY 684,483.46 in the previous year[28]. Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline, with a net cash outflow of ¥93,709,840.70 year-to-date, a decrease of 337.67% compared to the previous year[3]. - The net cash flow from operating activities was CNY -93,709,840.70, a decrease of 337.67% from CNY 39,428,586.69 in the previous period[14]. - Total cash inflow from financing activities was CNY 245,748,179.38, while cash outflow was CNY 123,239,064.41, resulting in a net cash flow of CNY 122,509,114.97[32]. - The company reported cash and cash equivalents at the end of the period amounting to CNY 55,145,215.12, down from CNY 87,421,431.37 at the end of the previous year[32]. - The cash and cash equivalents decreased to CNY 79,268,005.74 from CNY 95,960,323.88 at the end of 2020, a decline of 17.5%[23]. Research and Development - Research and development expenses surged by 212.34% year-on-year to ¥62,634,325.52, reflecting the company's commitment to increasing R&D investment[10]. - The company's R&D expenses for the third quarter of 2021 reached CNY 62,634,325.52, significantly higher than CNY 20,053,557.70 in the same quarter of 2020, reflecting a 212.5% increase[27]. Assets and Liabilities - The total assets of the company as of the end of Q3 2021 were ¥1,468,354,292.24, marking a 34.57% increase from the end of the previous year[3]. - As of September 30, 2021, total assets amounted to CNY 1,468,354,292.24, compared to CNY 1,091,119,187.93 at the end of 2020, representing a growth of 34.6%[26]. - The company's total liabilities as of September 30, 2021, were CNY 860,318,436.87, an increase of 77.5% from CNY 512,520,836.33 at the end of 2020[25]. - Owner's equity totaled CNY 578.60 million, including CNY 109.18 million in undistributed profits[36]. Inventory and Costs - Inventory levels increased by 103.47% year-on-year to ¥494,637,456.59, attributed to increased orders and extended delivery times for raw materials[7]. - The total operating costs for the third quarter of 2021 were CNY 472,743,210.92, up 86.7% from CNY 253,313,994.58 in the previous year[27]. - The company faced significant cost pressures due to rising raw material prices and chip shortages, impacting profit margins despite increased orders[15]. Strategic Initiatives - The company is actively working on new pricing mechanisms and chip replacement solutions to address supply chain challenges[15]. - Future delivery capabilities are expected to improve significantly as chip replacement solutions are implemented and production capacity is released[15]. - The company plans to establish a wholly-owned subsidiary in Heze, Shandong, to build a base for 500,000 lightweight electric vehicle drive systems and power systems[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,905[17]. - The total equity attributable to the parent company as of September 30, 2021, was CNY 608,035,855.37, an increase from CNY 578,598,351.60 at the end of 2020[26]. Compliance and Accounting Changes - The company has implemented new leasing standards affecting the financial statements, indicating a shift in accounting practices[33]. - The company began implementing the new revenue recognition standards from January 1, 2020[37]. - The report indicates that the company is in compliance with the new leasing standards effective from 2021[38].