Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥312.97 million, representing a 121.17% increase compared to ¥141.51 million in the same period last year[26]. - The net profit attributable to shareholders was approximately ¥16.71 million, a significant turnaround from a loss of ¥7.67 million in the previous year, marking a 317.94% increase[26]. - The net profit after deducting non-recurring gains and losses was approximately ¥2.46 million, compared to a loss of ¥15.99 million in the same period last year, reflecting a 115.37% improvement[26]. - The basic earnings per share improved to ¥0.2210, compared to a loss of ¥0.1014 per share in the same period last year, marking a 317.95% increase[26]. - The weighted average return on net assets was 2.85%, an increase of 4.22% compared to -1.37% in the previous year[26]. - The company achieved operating revenue of 312.97 million yuan, a year-on-year increase of 121.17%[42]. - Net profit attributable to shareholders reached 16.71 million yuan, representing a year-on-year growth of 317.94%[42]. - The total profit for the first half of 2021 was CNY 14,607,983.12, a recovery from a loss of CNY 8,976,434.62 in the first half of 2020[181]. - The total comprehensive income for the period was CNY 16,967,488.94, a decrease of CNY 7,182,579.21 compared to the previous period[186]. Assets and Liabilities - The company's total assets increased by 17.06% to approximately ¥1.28 billion from ¥1.09 billion at the end of the previous year[26]. - The net assets attributable to shareholders rose by 4.15% to approximately ¥602.60 million from ¥578.60 million at the end of the previous year[26]. - Total liabilities increased to CNY 674.61 million from CNY 512.52 million, which is an increase of approximately 31.6%[173]. - The company reported a significant increase in short-term borrowings, rising to CNY 110 million from CNY 4.35 million, a substantial increase of over 2,400%[173]. - Total current assets increased to CNY 744.40 million as of June 30, 2021, up from CNY 597.57 million at the end of 2020, representing a growth of approximately 24.6%[172]. - Accounts receivable rose significantly to CNY 233.73 million, compared to CNY 150.42 million at the end of 2020, marking an increase of about 55.3%[172]. - Inventory levels increased to CNY 323.96 million from CNY 243.10 million, reflecting a growth of approximately 33.4%[172]. Research and Development - Research and development expenses amounted to 35.36 million, representing 11.3% of the company's operating income during the reporting period[50]. - The company has a total of 155 authorized patents, including 24 invention patents, 126 utility model patents, and 5 design patents, showcasing its strong focus on innovation[50]. - The company is focused on expanding its market presence and increasing capacity utilization while implementing effective cost reduction measures[100]. - The company is committed to maintaining technological innovation and production process leadership to secure its competitive advantage[100]. Market and Sales - The domestic new energy vehicle sales reached 1.206 million units in the first half of 2021, with a penetration rate of 9.4%[9]. - The sales volume of power supply assemblies reached 58,100 units, equivalent to 9.70 times the total sales for the entire year of 2020[43]. - The company’s market share for powertrain products was 6.51% in the first half of 2021, with a total sales volume of 78,500 units[46]. - The company’s electric logistics vehicles, electric forklifts, and electric engineering machinery saw rapid revenue growth, significantly expanding market space[44]. - The company’s electric motor controller products maintained a leading market share in the micro low-speed electric passenger vehicle and special vehicle sectors, with sales of 128,500 units[46]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[10]. - The company has established long-term partnerships with well-known domestic and international automotive manufacturers, enhancing its market position[34]. - The company is actively monitoring changes in industry policies to adjust its operational strategies and mitigate risks associated with policy adjustments[99]. - The company has implemented a three-year stock option incentive plan to retain core technical personnel and enhance team cohesion[102]. Financial Risks and Challenges - The company faces risks related to raw material price fluctuations and competition in the new energy vehicle market[7]. - The company is facing financial risks due to large inventory scales and accounts receivable, which could pressure its liquidity if not managed properly[100]. - The net cash flow from operating activities was -¥57,499,901.35, a significant decline of 360.23% compared to the previous year, mainly due to increased cash payments for goods[72]. - The cash and cash equivalents decreased by 43.26% to -¥19,826,975.05, reflecting the overall cash flow challenges faced during the period[73]. Corporate Governance and Structure - The company has not reported any discrepancies between financial reports prepared under international and Chinese accounting standards[29]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[92][93][94]. - The company did not engage in any significant related party transactions during the reporting period[130]. - The company has not reported any significant controlling or participating company information during the reporting period[96].

专注创造奇迹 执着成就梦想 证券代码：300681 证券简称：英搏尔 公告编号：2021-031 珠海英搏尔电气股份有限公司 关于参加 2021 年广东辖区上市公司投资者网上集体接待日 活动的公告 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。 为进一步加强与投资者的互动交流工作，珠海英搏尔电气股份有限公司（以 下简称"公司"）将参加由中国证监会广东证监局和广东上市公司协会主办、深 圳市全景网络有限公司协办的主题为"守初心办实事，心系投资者，携手促共赢" ——2021 年广东上市公司投资者网上集体接待日活动。 现将有关事项公告如下： 本次投资者集体接待日活动将在深圳市全景网络有限公司提供的网上平台 采 取 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 • 路 演 天 下 " 网 站 （http://rs.p5w.net）参与公司本次投资者集体接待日活动，活动时间为 2021 年 5 月 19 日（星期三）15:40 至 16:40。 届时公司副总经理、董事会秘书邓柳明先生及相关人员将通过网络在线交流 形式与投资者就公司治理、经 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥76,052,880.25, representing a 65.69% increase compared to ¥45,900,510.82 in the same period last year[8] - Net profit attributable to shareholders was ¥2,109,465.29, a significant turnaround from a loss of ¥4,701,738.82, marking a 144.87% improvement[8] - Basic earnings per share increased to ¥0.0279 from -¥0.0622, reflecting a 144.87% improvement[8] - The gross profit margin improved significantly, contributing to a net profit of CNY 2,109,465.29, a 144.87% increase from a net loss of CNY 4,701,738.82 in the same period last year[20] - Total operating revenue for Q1 2021 was CNY 76,052,880.25, an increase from CNY 45,900,510.82 in the same period last year, representing a growth of 65.5%[44] - Net profit for Q1 2021 was CNY 2,109,465.29, recovering from a net loss of CNY 4,701,738.82 in the previous year[46] Cash Flow and Liquidity - The net cash flow from operating activities was -¥22,435,497.32, a decline of 600.28% from ¥4,484,596.27 in the previous year[8] - Cash inflow from operating activities amounted to CNY 69,580,061.40, an increase from CNY 62,884,077.13 in the previous period[53] - The net cash flow from operating activities was CNY -22,435,497.32, down from CNY 4,484,596.27 in the previous period[54] - Cash outflow for purchasing goods and services was CNY 52,223,755.59, compared to CNY 34,872,057.90 in the previous period[54] - The ending balance of cash and cash equivalents was CNY 60,648,927.74, down from CNY 116,989,000.35 in the previous period[55] - The company’s cash and cash equivalents decreased by 36.80% to CNY 60,648,927.74, mainly due to significant procurement payments during the period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,134,185,676.80, up 3.95% from ¥1,091,119,187.93 at the end of the previous year[8] - The total amount of raised funds is CNY 29,141.68 million, with CNY 49.7 million invested in the current quarter[28] - The total liabilities reached CNY 547,844,040.09, up from CNY 512,520,836.33, which is an increase of about 6.9%[39] - The company's total liabilities as of the end of Q1 2021 were CNY 560,174,341.79, compared to CNY 524,851,137.83 at the end of the previous year, reflecting an increase of 6.7%[45] - Non-current assets totaled CNY 530,926,714.07, an increase from CNY 493,547,864.79, indicating a growth of approximately 7.6%[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,433[12] - The top shareholder, Jiang Guibin, holds 38.17% of the shares, amounting to 28,854,000 shares[12] - The company's equity attributable to shareholders increased to CNY 586,341,636.71 from CNY 578,598,351.60, reflecting a growth of about 1.5%[39] Research and Development - Research and development expenses rose by 76.76% to CNY 15,403,468.58, reflecting increased investment in R&D and personnel costs[20] - Research and development expenses increased to CNY 15,403,468.58, compared to CNY 8,714,427.00 in the same quarter last year, marking a rise of 76.8%[45] Market and Operational Insights - The company is expanding its market presence in the electric special vehicle sector, leading to significant revenue growth in components like motor controllers[24] - The company reported a decrease in non-recurring losses, with a net profit of ¥6,378,635.09 from government subsidies[9] Fund Management - The cumulative amount of raised funds utilized is CNY 24,337.35 million, representing 97.51% of the total raised funds[29] - The company has generated some investment income from temporarily idle raised funds through cash management[30] - There are no issues or problems reported in the use and disclosure of raised funds[30] Other Financial Metrics - The company reported a decrease in employee compensation payable to CNY 7,840,576.72 from CNY 16,081,365.09, a reduction of about 51.2%[38] - The company reported a gross profit margin of approximately -14.6% for Q1 2021, down from -10.0% in the previous year[46] - The company did not undergo an audit for the first quarter report[60]

Financial Performance - The company's operating revenue for 2020 was approximately ¥420.97 million, representing a 32.18% increase compared to ¥318.48 million in 2019[21]. - The net profit attributable to shareholders for 2020 was approximately ¥13.16 million, a significant turnaround from a loss of ¥79.34 million in 2019, marking a 116.58% improvement[21]. - Basic earnings per share for 2020 were ¥0.17, compared to a loss of ¥1.05 per share in 2019, reflecting a 116.19% increase[21]. - Total assets at the end of 2020 amounted to approximately ¥1.09 billion, a 15.47% increase from ¥944.96 million at the end of 2019[21]. - The company's net assets attributable to shareholders increased by 2.68% to approximately ¥578.60 million at the end of 2020, compared to ¥563.48 million at the end of 2019[21]. - The company achieved operating revenue of 420.97 million yuan, a year-on-year increase of 32.18%, and net profit attributable to shareholders of 13.16 million yuan, turning from loss to profit[37]. - The company reported a net profit of ¥13,157,100 in 2020, with significant differences between net profit and operating cash flow due to depreciation and changes in working capital[76]. - The cash dividend payout ratio for 2020 was 28.73% of the net profit attributable to shareholders[121]. Cash Flow and Investments - The net cash flow from operating activities decreased by 70.59% to approximately ¥58.73 million in 2020, down from ¥199.72 million in 2019[21]. - Operating cash inflow decreased by 31.82% to ¥316,507,794.79 in 2020, compared to ¥464,232,175.90 in 2019[72]. - Investment cash inflow decreased by 40.05% to ¥869,909.32, while investment cash outflow decreased by 43.60% to ¥97,082,231.20[73]. - Financing cash inflow dropped by 55.82% to ¥57,867,676.47, while financing cash outflow decreased by 78.81% to ¥57,732,166.77[73]. - The company experienced a significant increase in inventory, which rose by 38.09% to ¥243,101,367.20, attributed to strategic material reserves due to global chip shortages[80]. Market and Product Development - The company has successfully transitioned its product focus from single products to powertrain and power source assembly products in the new energy vehicle sector[7]. - The company achieved total operating revenue of CNY 420.97 million, a year-on-year increase of 32.18%, and net profit attributable to shareholders of CNY 13.16 million, marking a turnaround from loss to profit[49]. - The sales of the integrated powertrain products reached 21,300 units, a year-on-year increase of 1,140.57%, positioning the company among the industry leaders[38]. - The company plans to produce 500,000 sets of new energy vehicle assemblies annually, with initial production already commenced[103]. - The company is investing 100 million RMB in new technology research and development to improve product efficiency and sustainability[198]. Research and Development - The company's R&D expenses amounted to 42.35 million yuan, accounting for 10.06% of the operating revenue, with a total of 147 authorized patents[42]. - The R&D team focuses on developing core technologies for power domain products, contributing to the advancement of the electric vehicle industry[36]. - The number of R&D personnel increased to 233 in 2020, accounting for 26.51% of the workforce, up from 20.82% in 2019[70]. - The company plans to increase R&D investment to enhance product competitiveness and develop high-cost performance products, focusing on key components of electric vehicles[50]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which accounted for over 80% of manufacturing costs during the reporting period[6]. - The company is subject to market competition risks as the new energy vehicle industry experiences rapid growth and increased capital investment[8]. - Material costs for the new energy segment increased to ¥122,829,472.39 in 2020, accounting for 81.88% of operating costs, up from 80.79% in 2019, reflecting a year-on-year increase of 1.09%[60]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of ¥0.5 per 10 shares to all shareholders, based on a total of 75,600,000 shares[9]. - The cumulative distributable profit at year-end was RMB 109,184,224.02, with a capital reserve balance of RMB 362,888,068.39[120]. - The company implements a stable profit distribution policy, ensuring that cash dividends distributed annually are not less than 10% of the distributable profits achieved in that year[125]. - The company aims to distribute a cumulative cash dividend of no less than 30% of the average annual distributable profits over three consecutive years[125]. Corporate Governance and Compliance - The company emphasizes compliance with laws and regulations, ensuring shareholder rights and maintaining transparent communication with investors[162]. - The company has committed to ensuring that directors and senior management will not engage in similar business activities for two years after leaving their positions[129]. - The company will provide written notice of any intended share reductions and will announce this information promptly[124]. Future Outlook - The overall market for new energy vehicles is expected to grow significantly, with sales projected to exceed 5 million units by 2025[37]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% and aiming to reach 1.875 billion RMB[199]. - The company plans to enhance customer service operations, with a goal to reduce response time by 40% through the implementation of AI-driven support systems[200].

Financial Performance - Operating revenue for the period reached ¥103,852,762.99, a 41.07% increase year-on-year[8] - Net profit attributable to shareholders surged by 152.23% to ¥9,318,749.00 for the quarter[8] - Basic earnings per share rose by 152.23% to ¥0.1233[8] - The company reported a net profit of ¥1,652,137.05 for the year-to-date, reflecting a 103.24% increase compared to the same period last year[8] - The company reported a net profit of ¥165.21 million, a turnaround from a net loss of ¥5.10 million in the previous period, representing a 103.24% increase[22] - Operating profit improved significantly to ¥58.02 million from a loss of ¥6.25 million, driven by increased revenue and improved gross margins[22] - The net profit attributable to the parent company was CNY 100,085,413.18, compared to CNY 97,705,496.56 in the previous period, marking a growth of about 2.8%[38] - The net profit for the quarter was CNY 9,318,749.00, recovering from a net loss of CNY 17,842,352.10 in the previous year[42] - The total profit for the current period was CNY 1,654,856.22, recovering from a loss of CNY 62,524,564.13 in the previous period[53] Cash Flow - Net cash flow from operating activities increased by 278.71% to ¥17,332,709.66[8] - Operating cash inflow for Q3 2020 was CNY 203,403,728.04, down from CNY 316,998,326.01 in Q3 2019, representing a decrease of approximately 35.7%[58] - Net cash flow from operating activities was CNY 39,428,586.69, significantly lower than CNY 132,088,434.22 in the same period last year, indicating a decline of about 70%[58] - Cash inflow from financing activities was CNY 27,246,010.95, down from CNY 64,800,000.00 in Q3 2019, a decrease of about 58%[62] - Net cash flow from financing activities was CNY -8,362,486.15, compared to CNY -196,164,795.87 in the previous year, showing an improvement in cash flow management[62] Assets and Liabilities - Total assets increased by 2.40% to ¥967,640,204.22 compared to the end of the previous year[8] - The company's total assets amounted to CNY 980,963,605.96, compared to CNY 957,381,295.01 at the end of the previous year, showing an increase of approximately 2.2%[38] - The company's total liabilities stood at CNY 414,841,075.36, up from CNY 393,638,681.03, reflecting an increase of about 5.4%[38] - Current liabilities increased to CNY 248,847,634.41 from CNY 220,104,233.81, representing a rise of about 13.0%[38] - Total liabilities reached CNY 381,483,446.16, with current liabilities at CNY 207,948,998.94 and non-current liabilities at CNY 173,534,447.22[66][67] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,365[12] - The largest shareholder, Jiang Guibin, holds 41.67% of the shares, with 23,625,000 shares pledged[12] Research and Development - Research and development expenses decreased by 45.47% to ¥20.05 million from ¥36.78 million, reflecting reduced investment in R&D projects compared to the previous year[22] - Research and development expenses decreased to CNY 3,929,300.06 from CNY 13,272,905.29 year-over-year, indicating a reduction in R&D spending[45] - Research and development expenses were CNY 20,053,557.70, a decrease from CNY 36,777,645.15 in the previous period, reflecting a potential shift in investment strategy[53] Tax and Financial Management - The company’s tax liabilities increased by 1379.61% to ¥5.95 million from ¥0.40 million, reflecting revenue growth and corresponding increases in VAT and additional taxes[20] - Financial expenses decreased by 84.86% to ¥0.80 million from ¥5.27 million, primarily due to reduced interest expenses in the current period[22] - The company reported a financial expense of CNY 371,759.73, a significant improvement from a financial income of CNY -594,812.76 in the previous year[45] Inventory and Other Assets - The inventory level increased to CNY 196,223,098.19 from CNY 176,050,549.53, representing a growth of about 11.5%[35] - Other current assets surged by 507.39% to ¥21.89 million from ¥3.60 million, attributed to an increase in structured financial products[20] Compliance and Standards - The company began implementing the new revenue recognition standards from January 1, 2020, affecting the classification of pre-received goods payments[74] - The Q3 report for 2020 has not been audited[75]

Financial Performance - The company reported a significant growth in revenue, with a year-on-year increase of 25% in the first half of 2020[1]. - The company has set a revenue target of RMB 1 billion for the full year 2020, reflecting a growth rate of 20%[1]. - The company's operating revenue for the reporting period was ¥141,506,170.20, a decrease of 5.12% compared to ¥149,142,512.28 in the same period last year[22]. - The company achieved operating revenue of 141.51 million yuan, a year-on-year decrease of 5.12%[36]. - The net profit attributable to shareholders was -¥7,666,611.95, showing an improvement of 76.87% from -¥33,144,249.15 in the previous year[22]. - The net profit attributable to shareholders was -7.67 million yuan, a year-on-year decrease in loss of 76.87%[36]. - The company reported a significant increase in the net profit after deducting non-recurring gains and losses, which was -¥15,994,354.57, an improvement of 142.12% from -¥37,973,241.78 last year[22]. - The total revenue from motor controllers was 87,748,095.00, down 9.22% year-on-year, with a gross margin of 16.21%[69]. - The revenue from DC-DC converters was 15,577,187.17, a slight increase of 0.38% year-on-year, with a gross margin of 6.69%[69]. - The revenue from electric drive assemblies surged by 3,264.20% year-on-year to 20,823,135.30, but the gross margin fell to -6.05%[69]. Research and Development - New product development includes the launch of a next-generation motor controller, expected to enhance efficiency by 15%[1]. - The company focuses on the research and development of electric vehicle motor control systems and key components such as motor controllers, on-board chargers, and DC-DC converters[29]. - R&D expenses amounted to 16.12 million yuan, accounting for 11.39% of the operating revenue[45]. - The company has obtained 20 invention patents, 108 utility model patents, and 14 software copyrights, reflecting its commitment to innovation[45]. - The company has developed a series of high-voltage motor controllers and efficient motors suitable for medium to large pure electric passenger vehicles, gaining recognition from major manufacturers[57]. - The company has established a product development process that meets the ISO26262:2018 ASIL D level, enhancing its competitiveness in the international market[58]. - The company aims to strengthen its R&D capabilities and enhance its product matrix to maintain competitiveness in the rapidly evolving electric vehicle market[64]. Market Position and Strategy - User data indicates that the number of electric vehicle controllers sold reached 150,000 units, representing a 30% increase compared to the same period last year[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2022[1]. - The company maintains a market leadership position in the mid-to-low speed electric vehicle sector, with significant clients including BAIC New Energy and Jianghuai Automobile[48]. - The company is positioned as a key supplier of electric control systems for domestic pure electric passenger vehicles, with products meeting "dual 100" standards[45]. - The company has a competitive advantage in the electric vehicle control system market due to long-term relationships with major automotive manufacturers, which typically take over two years to establish[54]. Financial Management - The company will not distribute cash dividends or issue bonus shares for the current fiscal year, focusing on reinvestment for growth[1]. - The company's cash flow from operating activities decreased by 82.67% compared to the same period last year, primarily due to the impact of the pandemic[67]. - The net cash flow from investment activities was -59,541,987.55, a decrease of 28.88% year-on-year[67]. - The net cash flow from financing activities decreased by 101.17% year-on-year, amounting to 2,503,356.00, mainly due to reduced loan repayments[67]. - The company's total investment during the reporting period was 31,555,949.84, a decrease of 57.60% compared to the previous year[75]. - The company's cash and cash equivalents at the end of the reporting period were 98,678,304.21, representing 10.57% of total assets, down from 13.79% the previous year[73]. Operational Challenges - The company is actively monitoring industry policy changes that could impact the electric vehicle market, emphasizing the need for adaptability[1]. - The decline in subsidies for new energy vehicles has intensified competition, impacting the profitability of companies in the supply chain[40]. - The company faces risks related to policy changes, product development, and raw material supply, which could impact its operations[61]. - The company has identified risks related to raw material price fluctuations, industry policy adjustments, market competition, and management challenges[90]. - The company will implement measures to stabilize core personnel and protect core technologies to mitigate the risk of talent loss[93]. Corporate Governance and Compliance - The semi-annual financial report was not audited[100]. - The company reported no commitments from actual controllers, shareholders, related parties, acquirers, or other related parties that were not fulfilled during the reporting period[99]. - The integrity status of the company and its controlling shareholders was good, with no unfulfilled court judgments or significant overdue debts[107]. - The company has complied with various environmental laws and has obtained environmental management system certification[122]. - The company has not engaged in any share repurchase activities during the reporting period[131]. Legal Matters - The company is involved in several significant litigation cases, including a contract dispute with Chongqing Lifan involving an amount of 222.69 million yuan, where the company won the case[103]. - There were no penalties or rectification situations during the reporting period[106].

Financial Performance - Total revenue for Q1 2020 was ¥45,900,510.82, a decrease of 30.16% compared to ¥65,726,511.30 in the same period last year[8] - Net profit attributable to shareholders was -¥4,701,738.82, an improvement of 71.42% from -¥16,452,881.85 year-on-year[8] - The company's operating revenue for the current period is CNY 45.90 million, a decrease of 30.16% compared to the previous period due to reduced orders caused by the pandemic[18] - The net profit for the current period is a loss of CNY 4.70 million, which represents a 71.42% reduction in losses compared to the previous period[20] - The total profit (loss) for the current period is a loss of CNY 5,050,691.39, compared to a loss of CNY 18,313,793.05 in the previous period, reflecting an improvement of about 72.5%[48] - The total comprehensive income for the current period is a loss of CNY 4,465,225.53, compared to a loss of CNY 16,451,510.75 in the previous period, indicating an improvement of approximately 72.8%[53] Cash Flow - Net cash flow from operating activities decreased by 94.04%, down to ¥4,494,358.37 from ¥75,457,674.79 in the previous year[8] - The net cash flow from operating activities was 4,496,691.68, a significant decrease of 93.0% compared to 75,440,947.85 in the previous period[59] - Total cash inflow from operating activities amounted to 62,881,242.44, down from 150,994,642.92, reflecting a decline of 58.3%[59] - Cash inflow from financing activities was 23,000,000.00, up from 12,600,000.00, representing an increase of 82.5%[57] - The net cash flow from financing activities was 10,641,921.94, a turnaround from -90,109,411.81 in the previous period[57] - The ending cash and cash equivalents balance was 114,019,235.50, down from 222,548,157.66, reflecting a decrease of 48.9%[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥897,120,653.51, a decline of 5.06% from ¥944,960,739.67 at the end of the previous year[8] - Total current assets decreased to CNY 431,427,355.41 from CNY 494,556,280.77, representing a decline of about 12.76%[39] - The company's total equity as of March 31, 2020, was CNY 558,775,554.69, down from CNY 563,477,293.51, a decrease of approximately 0.12%[41] - Total liabilities decreased to CNY 338,345,098.82 from CNY 381,483,446.16, a reduction of about 11.29%[40] - The company reported a total of CNY 393,638,681.03 in liabilities as of the end of the first quarter, with total assets reaching CNY 957,381,295.01[66] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 3,625[11] - The largest shareholder, Jiang Guibin, holds 41.67% of the shares, amounting to 31,500,000 shares, with 10,280,000 shares pledged[11] Operational Changes and Strategies - The company plans to closely monitor changes in industry policies to mitigate risks associated with potential adjustments in the electric vehicle sector[22] - The company aims to enhance its core technology development and maintain competitive advantages through innovation and management improvements[22] - The company is actively increasing communication with suppliers to ensure a stable supply chain amid ongoing pandemic challenges[23] - The company has initiated a non-public stock issuance plan and an employee stock ownership plan to strengthen its capital structure[24] Other Financial Metrics - The weighted average return on net assets was -0.84%, an improvement of 1.72% compared to -2.56% in the previous year[8] - Financial expenses decreased by 93.03% to CNY 262,300.72, mainly due to reduced interest expenses[18] - Sales expenses decreased by 69.79% to CNY 3.54 million, reflecting a reduction in costs associated with lower order volumes[18] - Research and development expenses for the current period are CNY 8,714,427.00, down from CNY 10,471,627.86, a decrease of about 16.8%[47] - Basic and diluted earnings per share for the current period are both CNY -0.0622, improved from CNY -0.2176 in the previous period[49] Government Support - The company reported non-recurring gains and losses of ¥7,049,814.26, primarily from government subsidies[9] - The company received CNY 8.17 million in other income, a significant increase of 232.35% compared to the previous period, attributed to government subsidies[18] Compliance and Future Outlook - There is uncertainty regarding profitability for the first half of 2020 due to the impact of the COVID-19 pandemic[32] - The first quarter report was not audited[69] - The company has not provided specific guidance for future performance in the first quarter report[69]

Financial Performance - The company reported a significant growth in revenue, with total sales reaching RMB 1.5 billion in 2019, representing a year-on-year increase of 25%[1]. - The company's operating revenue for 2019 was ¥318,479,504.60, a decrease of 51.35% compared to ¥654,683,392.95 in 2018[19]. - The net profit attributable to shareholders in 2019 was -¥79,342,518.05, representing a decline of 249.49% from ¥53,076,063.80 in 2018[19]. - The net cash flow from operating activities increased significantly by 756.73% to ¥199,717,524.75 in 2019, compared to ¥23,311,663.59 in 2018[19]. - The total assets at the end of 2019 were ¥944,960,739.67, down 22.94% from ¥1,226,294,004.74 at the end of 2018[19]. - The company reported a basic earnings per share of -¥1.05 in 2019, a decrease of 250.00% from ¥0.70 in 2018[19]. - The weighted average return on equity was -13.07% in 2019, a decline of 21.33% compared to 8.26% in 2018[19]. - The company achieved total revenue of 318.48 million yuan in 2019, a decrease of 51.35% compared to the previous year[48]. - The net profit attributable to shareholders was -79.34 million yuan, down 249.49% year-on-year[48]. Market Strategy and Expansion - The company plans to invest RMB 200 million in R&D for new energy technologies in the upcoming year, aiming to enhance product offerings and technological capabilities[1]. - The company has set a target for 2020 to achieve a revenue growth of 20% year-on-year, driven by market expansion and new product launches[1]. - The company is focusing on expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2020[1]. - The company is actively pursuing strategic partnerships and potential acquisitions to enhance its competitive position in the electric vehicle market[1]. - The company is committed to developing integrated products that combine multiple components to meet the diverse needs of electric vehicle manufacturers[55]. - The company plans to enhance its research and development capabilities by establishing a new engineering technology center for electric vehicle control systems, focusing on integrated products such as motors and motor controllers[132]. Research and Development - The company focuses on the research, development, and sales of key components for electric vehicles, including motor controllers and on-board chargers[27]. - The company’s R&D investment focused on enhancing product performance and expanding into the high-speed vehicle sector with improved DC-DC modules[36]. - The company has strengthened its competitive advantage through increased R&D and equipment investment, aiming to improve product quality and operational efficiency[35]. - Research and development expenses amounted to 52.4681 million yuan, accounting for 16.47% of the current operating income, reflecting the company's commitment to innovation[41]. - The company holds 20 invention patents, 97 utility model patents, 7 design patents, and 13 software copyrights, showcasing its strong R&D capabilities[41]. - The company has made continuous investments in R&D to produce high-quality electric vehicle drive systems for both domestic and international automotive manufacturers[162]. Product Performance - The number of electric vehicle controllers sold increased by 30% compared to the previous year, indicating strong demand in the market[1]. - The company sold 58,600 units of new energy vehicle motor controllers and 10,000 units of new energy vehicle motors during the reporting period[36]. - The company's revenue from the new energy vehicle business accounted for 42.29% of total revenue[35]. - The company's electric motor controller sales were ¥221.36 million, representing 69.51% of total revenue, a decline of 45.02% from ¥402.65 million in the previous year[63]. - The company has developed a wide range of motor controllers with a power coverage from 1.5 kW to 150 kW, showcasing strong product versatility[45]. - The company has upgraded its motor and motor controller products, receiving recognition from multiple new energy vehicle manufacturers[53]. Challenges and Risks - The company highlighted the risk of policy changes in the new energy vehicle sector, which could impact overall demand and sales performance[1]. - The company faces risks including policy changes, product development challenges, and reliance on imported raw materials[56]. - The company reported a significant decline in production and sales across all product categories, indicating a challenging market environment[67]. - The sales volume of new energy products decreased by 62.25% year-on-year, with production volume down by 55.31%, primarily due to reduced orders resulting from the decline in national subsidy policies[67]. - The company faces risks from raw material price volatility, which constitutes about 80% of product costs, primarily from electronic components[112]. Profit Distribution and Shareholder Relations - The company has no plans to distribute cash dividends or issue bonus shares for the year, opting to reinvest profits into business growth[1]. - The profit distribution plan for 2018 included a cash dividend of 1.00 RMB per 10 shares, approved by the shareholders' meeting and implemented on June 6, 2019[118]. - The company proposed not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the 2019 profit distribution plan[120]. - The company’s profit distribution policy emphasizes the importance of sustainable development alongside reasonable returns for investors[126]. - The company will ensure that any cash dividends are distributed within two months after the shareholders' meeting approval[126]. - The company has provided opportunities for minority shareholders to express their opinions and protect their legal rights[119]. Corporate Governance and Compliance - The company adheres to legal regulations and maintains good corporate governance practices, ensuring transparency and fairness in its operations[161]. - The company has committed to avoiding any business activities that compete with its core operations, ensuring no direct or indirect competition from its controlling shareholders[128]. - The company will notify shareholders immediately if any business opportunities arise that may compete with its operations, ensuring transparency and compliance with corporate governance[128]. - The company has established clear conditions for initiating stock price stabilization measures, ensuring proactive management of its market performance[128]. Employee and Management Structure - The company employed a total of 831 staff members, with 1,300 employees receiving salaries during the reporting period[199]. - The professional composition of employees includes 488 production personnel, 94 sales personnel, and 173 technical personnel[199]. - The total remuneration paid to directors, supervisors, and senior management in 2019 amounted to CNY 4.8424 million[196]. - The management team includes a manufacturing director, Zheng Xiaomei, who has extensive experience in the electrical industry[193]. - The company has a strong focus on R&D, with key personnel including Wei Biao, who oversees software development[190].

Financial Performance - Operating revenue for the reporting period was CNY 73,618,591.87, down 44.05% year-on-year, and CNY 222,761,104.15 for the year-to-date, down 48.60% compared to the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 17,842,352.10, a decrease of 228.95% year-on-year, and a loss of CNY 50,986,601.25 for the year-to-date, down 193.98% compared to the same period last year[8] - Basic earnings per share were -CNY 0.2360, a decrease of 228.96% year-on-year, and diluted earnings per share were also -CNY 0.2360[8] - The weighted average return on net assets was -3.30%, a decrease of 253.75% year-on-year[8] - Total operating revenue for Q3 2019 was CNY 73,618,591.87, a decrease of 44% compared to CNY 131,581,157.23 in the same period last year[41] - Net loss for Q3 2019 amounted to CNY -17,842,352.10, compared to a net profit of CNY 13,836,967.76 in Q3 2018[42] - The net profit for the period was a loss of ¥50,986,601.25, compared to a profit of ¥54,254,261.90 in the same period last year[50] - The total comprehensive income for the period was -50,933,450.03 CNY, compared to 54,308,022.38 CNY in the previous period[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 928,115,593.77, a decrease of 24.32% compared to the end of the previous year[8] - Total current assets decreased to ¥528,933,774.25 from ¥925,434,274.17, a decline of approximately 42.8% year-over-year[32] - Total liabilities decreased to ¥336,282,383.46 from ¥575,914,193.18, a decline of about 41.6%[33] - Total assets decreased to ¥928,115,593.77 from ¥1,226,294,004.74, a decline of about 24.3%[34] - Owner's equity decreased to ¥591,833,210.31 from ¥650,379,811.56, a reduction of approximately 9.0%[34] - Total liabilities decreased to CNY 348,612,685.16 from CNY 575,914,186.48, a reduction of 39%[39] - Non-current assets increased to ¥399,181,819.52 from ¥300,859,730.57, an increase of approximately 32.6%[32] Cash Flow - The company's cash and cash equivalents decreased by 63.38% compared to the beginning of the period, mainly due to the early repayment of short-term loans[16] - Cash inflow from operating activities amounted to 316,998,326.01 CNY, an increase from 276,530,246.24 CNY in the previous period[57] - The net cash flow from operating activities was 132,088,434.22 CNY, a significant improvement from -30,921,070.93 CNY in the previous period[58] - Cash outflow for purchasing goods and services was 78,119,683.06 CNY, down from 187,421,730.92 CNY in the previous period[58] - The net cash flow from investing activities was -123,002,746.71 CNY, compared to 83,690,332.09 CNY in the previous period[59] - Cash inflow from financing activities was 64,800,000.00 CNY, down from 193,704,454.86 CNY in the previous period[63] - The net cash flow from financing activities was -196,164,795.87 CNY, compared to 139,337,997.72 CNY in the previous period[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,094[12] - The largest shareholder, Jiang Guibin, held 41.67% of the shares, with 31,500,000 shares pledged[12] - The company did not conduct any repurchase transactions during the reporting period[13] - There were no significant changes in restricted shares during the reporting period[14] Research and Development - R&D expenses increased by 24.55% year-on-year, driven by intensified competition and the need for higher technical and product demands[17] - Research and development expenses increased to CNY 13,272,905.29, up from CNY 11,610,303.90, indicating a growth of 14% year-over-year[41] - Research and development expenses increased to ¥36,777,645.15, up 24.5% from ¥29,527,881.22 in the previous period[54] Future Outlook - The company expects to continue incurring operating losses in Q4 2019, with an overall annual loss anticipated due to declining subsidies and a downturn in the automotive industry[24] - The company plans to enhance its technical capabilities and expand market share by increasing efficiency and reducing costs[25]

Financial Performance - Total revenue for the reporting period was ¥149,142,512.28, a decrease of 50.58% compared to ¥301,773,044.03 in the same period last year[28]. - Net profit attributable to shareholders was -¥33,144,249.15, representing a decline of 182.01% from ¥40,417,294.14 in the previous year[28]. - Basic earnings per share were -¥0.4384, down 182.01% from ¥0.5346 in the same period last year[28]. - Diluted earnings per share were also -¥0.4384, reflecting the same decline as basic earnings per share[28]. - The weighted average return on net assets was -5.38%, a decrease of 11.48% from 6.10% in the previous year[28]. - The total comprehensive income for the first half of 2019 was a loss of ¥33.14 million, compared to a gain of ¥40.46 million in the first half of 2018[175]. - The company reported a significant reduction in short-term borrowings, which were not listed as of June 30, 2019, compared to CNY 240,374,214.86 at the end of 2018[162]. Cash Flow - Net cash flow from operating activities increased by 407.68% to ¥127,511,683.84, compared to ¥25,116,702.75 in the same period last year[28]. - Cash flow from operating activities generated ¥127.51 million in the first half of 2019, a significant increase from ¥25.12 million in the first half of 2018[179]. - The cash outflow from operating activities decreased to ¥133,947,793.36 from ¥149,933,894.75, showing a reduction of 10.7%[182]. - The net cash flow from investing activities was negative at -¥83,721,798.48, a decline from a positive cash flow of ¥107,472,146.66 in the first half of 2018[183]. - Cash flow from financing activities showed a net outflow of ¥214.04 million in the first half of 2019, worsening from a net outflow of ¥14.40 million in the first half of 2018[180]. Assets and Liabilities - Total assets decreased by 26.13% to ¥905,891,799.73 from ¥1,226,294,004.74 at the end of the previous year[28]. - Total current assets decreased to CNY 539,700,482.27, down 41.7% from CNY 925,434,274.17 at the end of 2018[161]. - Total liabilities decreased to CNY 296,216,237.32, down 48.6% from CNY 575,914,193.18 at the end of 2018[163]. - The company's equity attributable to shareholders decreased to CNY 609,675,562.41, a decline of 6.3% from CNY 650,379,811.56 at the end of 2018[163]. - The total amount of raised funds is RMB 291,416,776.70, with RMB 23,348,700 invested in projects by June 30, 2019[85]. Research and Development - R&D expenses amounted to 23.5 million yuan, accounting for 15.76% of the current operating revenue, reflecting the company's commitment to innovation[48]. - Research and development expenses increased to ¥23.50 million in the first half of 2019, compared to ¥17.92 million in the same period of 2018[174]. - The company has obtained or is applying for 40 invention patents, 108 utility model patents, 9 design patents, and 11 software copyrights[48]. - The company aims to focus on producing high-performance and cost-effective components for electric vehicles, emphasizing the importance of core technologies and key components[63]. Market and Competition - The company is exposed to market competition risks, particularly in the rapidly growing electric vehicle industry[9]. - Revenue from the new energy vehicle business accounted for 50.75% of total revenue, indicating a strong correlation with the industry's sales performance[41]. - The new energy vehicle industry continues to grow rapidly, supported by government policies, with a target of producing over 2 million vehicles annually by 2020[43]. - The company has established a strong market position by leveraging years of technical accumulation in the new energy vehicle sector[42]. Operational Strategy - The company operates under an order-based production model, which helps manage inventory but still poses liquidity risks[10]. - The company is focusing on expanding production capacity and optimizing resource allocation to improve operational efficiency[42]. - The company plans to optimize its organizational structure and management processes to meet the demands of rapid growth[106]. - The company is actively recruiting top industry experts and outstanding graduates to strengthen its R&D team and enhance product competitiveness[68]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly in electronic components, which could impact product costs[7]. - The company acknowledges the potential impact of changes in industrial policies on the electric vehicle market and its sales[8]. - The company is currently facing risks related to policy changes, product development, and raw material supply, which could impact its future operational and profitability capabilities[65]. - The company plans to increase strategic reserves of raw materials to mitigate risks associated with supply chain uncertainties and currency fluctuations[68]. Shareholder Information - The total number of shares is 75,600,000, with 75.00% being restricted shares and 25.00% being unrestricted shares[143]. - The largest shareholder, Jiang Guibin, holds 41.67% of the shares, totaling 31,500,000 shares, which are currently pledged[145]. - The second-largest shareholder, Li Hongyu, holds 11.90% of the shares, totaling 9,000,000 shares, also pledged[145]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[147].