1 证券代码：300693 证券简称：盛弘股份 公告编号：2022-098 深圳市盛弘电气股份有限公司 关于参加深圳辖区上市公司 2022 年投资者网上集体接待日活动的公告 | --- | --- | |------------------------------------------------------|------------------------------------------------------------------------| | 没有虚假记载、误导性陈述或重大遗漏。 | 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， \n | | | | | | 为进一步加强与投资者的互动交流，深圳市盛弘电气股份有限公司（以下简 | | | 称"公司"）将参加由深圳证监局指导、深圳上市公司协会与深圳市全景网络有 | | 限公司联合举办的" 2022 | 年深圳辖区上市公司投资者集体接待日活动"，现将相 | | 关事项公告如下： | | | | 本次活动将采用网络远程的方式举行，投资者可登录全景路演网站 | | http://rs.p5w.net | ）），或关注微信公众号：全景财经 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥385,938,089.67, representing a 43.71% increase year-over-year[6] - Net profit attributable to shareholders was ¥62,843,640.68, a significant increase of 116.85% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥57,913,288.04, up 134.68% year-over-year[6] - The company's basic earnings per share for Q3 2022 was ¥0.3061, an increase of 116.78% compared to the same period last year[6] - The company reported a significant investment income of ¥1,764,781.79, a 204.15% increase due to the disposal of an investment in Dongguan New Energy Pioneer Testing Technology Co., Ltd.[14] - The net profit attributable to the parent company for the third quarter of 2022 was CNY 131,023,006.35, compared to CNY 79,033,973.30 in the previous year, representing a year-over-year increase of approximately 66%[31] - The total comprehensive income for the period reached CNY 131,050,322.22, an increase from CNY 78,249,686.31 in the previous period[35] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥2,002,328,985.77, reflecting a 32.75% increase from the end of the previous year[6] - The total liabilities increased to CNY 1,041,089,200.77 from CNY 662,039,480.08, marking a rise of approximately 57.3%[28] - The company's total equity attributable to shareholders was ¥961,239,785.00, up 13.58% from the end of the previous year[6] - The company’s total equity as of September 30, 2022, was CNY 961,239,785.00, up from CNY 846,329,138.60, representing an increase of approximately 13.5%[28] Cash Flow - Cash flow from operating activities for the year-to-date period reached ¥132,270,495.31, showing a 143.52% increase year-over-year[6] - Cash received from sales of goods and services was ¥792,216,914.27, up 38.44% from the previous period[14] - Cash inflows from operating activities totaled CNY 868,513,428.00, compared to CNY 606,761,076.01 in the previous period[36] - The net cash flow from operating activities was CNY 132,270,495.31, significantly up from CNY 54,316,726.45 in the prior year[39] - Cash inflows from financing activities totaled CNY 224,329,519.61, compared to CNY 87,600,000.00 in the previous period[39] - The net cash flow from financing activities was CNY 110,177,371.67, a significant improvement from CNY -9,078,712.62 in the prior year[39] Expenses - Operating costs amounted to ¥528,165,403.48, reflecting a rise of 46.43% due to increased sales[14] - Sales expenses increased by 38.23% to ¥125,625,186.32, driven by higher sales revenue[14] - The total operating costs for the third quarter of 2022 were CNY 803,061,922.58, up from CNY 575,877,976.94, reflecting a growth of about 39% year-over-year[29] - The total income tax expense increased by 52.47% to ¥14,256,171.35, primarily due to a significant rise in total profit[14] Inventory and Investments - Inventory increased by 78.08% to ¥483,569,274.43, attributed to unfulfilled contracts and increased stock of long-lead materials[11] - The company reported a 358.26% increase in trading financial assets, primarily due to an increase in held financial products[11] - Cash outflows from investing activities amounted to CNY 335,215,976.54, down from CNY 371,311,382.89 in the previous period[39] - The net cash flow from investing activities was negative at CNY -239,464,581.85, compared to CNY -46,935,142.99 in the prior year[39] Future Plans - The company plans to continue expanding its market presence and investing in new projects, including the construction of a new factory in Suzhou[11] - The company plans to continue expanding its market presence and investing in new product development to sustain growth[14] Research and Development - Research and development expenses for the third quarter of 2022 were CNY 94,058,927.44, compared to CNY 77,250,815.70 in the previous year, indicating a growth of about 21.7%[31] Miscellaneous - The report for the third quarter was not audited[40]

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[25]. - The company's operating revenue for the reporting period was ¥548,554,691.78, representing a 40.84% increase compared to ¥389,490,807.98 in the same period last year[37]. - The net profit attributable to shareholders was ¥68,179,365.67, up 36.21% from ¥50,054,188.69 year-on-year[37]. - The net profit after deducting non-recurring gains and losses was ¥64,509,868.39, reflecting a 46.72% increase from ¥43,969,410.82 in the previous year[37]. - The basic earnings per share increased to ¥0.3321, a rise of 36.22% compared to ¥0.2438 in the same period last year[37]. - The company achieved operating revenue of CNY 548,554,691.78, representing a year-on-year growth of 40.84%[59]. - The net profit attributable to shareholders reached CNY 68,179,365.67, with a year-on-year increase of 36.21%[59]. - The company reported a significant increase in sales revenue, with a year-on-year growth of 91.96% in the first half of 2021 compared to the same period in 2020[102]. - The company reported a total revenue of 2,442.8 million yuan for the period[167]. Profitability and Margins - Gross profit margin decreased to 25% compared to 30% in the same period last year, indicating a decline in profitability[25]. - The company's weighted average return on equity was 7.78%, up from 6.45% in the previous year, indicating improved profitability[37]. - The company's gross profit margin remained high, but there is a risk of decline due to increasing market competition[132]. - The company is committed to optimizing product structure and process flows to stabilize gross profit margins[132]. User Growth and Market Expansion - User data showed an increase in active users by 20% in the first half of 2022, reaching a total of 500,000 users[25]. - User data indicates a growth in active users, with the number reaching 2 million, up from 1.5 million in the previous period, marking a 33.33% increase[150]. - The company plans to expand its overseas market share to mitigate risks from policy changes and enhance its market strategies[132]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by Q4 2022, aiming for a market share of 10% in these regions[150]. Investment and R&D - The company plans to invest in new energy conversion equipment, targeting a market expansion in renewable energy sectors[25]. - The company aims to enhance its research and development efforts in power electronics technology to maintain competitive advantage[25]. - The company focuses on new product development through a structured five-stage R&D process, ensuring thorough evaluation at each stage[54]. - The company maintains a research and development investment of over 10% of sales revenue annually, with R&D expenses of 57.51 million yuan in the first half of 2022, accounting for 10.48% of operating income[72]. - The company has obtained a total of 208 authorized patents and software copyrights, enhancing its technological capabilities in the power electronics field[72]. Risks and Challenges - The company faces risks related to macroeconomic conditions and industry competition, which may impact future performance[5]. - Accounts receivable at the end of the reporting period amounted to 371.88 million, accounting for 21.26% of total assets, indicating potential collection risks[133]. - The completion date for the revised fundraising project has been extended to April 2023, which may impact performance if effective output is not achieved[133]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its market position and technological capabilities[25]. - The company is actively pursuing mergers and acquisitions, with a target to acquire a complementary technology firm by the end of 2022, which is expected to enhance its product offerings[150]. - The company has adjusted its stock incentive plan, reducing the number of granted shares from 461.10 million to 453.50 million[140]. - The company has implemented a cash dividend policy, ensuring a return on investment for shareholders, with a proposed dividend payout ratio of 30% for the current fiscal year[148]. Operational Efficiency - The company is focusing on improving operational efficiency and user experience in the charging industry, adapting to new market trends[65]. - The procurement process is data-driven, utilizing sales forecasts and customer communication to adjust inventory and production plans accordingly[55]. - The company employs a modular design approach in production, allowing for both standardized and customized product offerings to meet client needs[56]. Financial Position - Total assets at the end of the reporting period were ¥1,749,282,994.34, marking a 15.97% increase from ¥1,508,368,618.68 at the end of the previous year[37]. - The total net assets attributable to shareholders were ¥894,112,910.65, reflecting a 5.65% increase from ¥846,329,138.60 at the end of the previous year[37]. - The total inventory increased by 37.09% to ¥372,228,517.02, driven by the accumulation of raw materials and unfinished contracts[85]. - The company recorded a net investment cash flow of -¥108,433,824.97, a significant increase of 1,222.37% due to investments in infrastructure and financial products[77]. Subsidiary Performance - The subsidiary Huizhou Shenghong Electric Co., Ltd. reported a net profit of -1.93 million CNY for the reporting period[117]. - The subsidiary Xi'an Shenghong Electric Co., Ltd. reported a net profit of -870.72 thousand CNY for the reporting period[124]. - The subsidiary Suzhou Shenghong Technology Co., Ltd. reported a net profit of -4.68 thousand CNY for the reporting period[124]. Compliance and Governance - The company has no significant environmental penalties or issues reported during the period, maintaining compliance with all relevant environmental laws[147]. - There were no non-operating fund occupations by major shareholders or related parties during the reporting period, ensuring financial integrity[152]. - The company has not reported any major guarantees during the reporting period[180].

Revenue and Profit - Revenue for Q1 2022 reached ¥237,561,338.63, an increase of 31.06% compared to ¥181,265,643.30 in the same period last year[3] - Net profit attributable to shareholders was ¥22,970,980.00, a decrease of 21.54% from ¥29,278,358.68 year-on-year[3] - The company's net profit attributable to shareholders increased to ¥364,888,922.64, compared to ¥341,917,942.64 in the previous year, reflecting a growth of 6.7%[30] - The total profit for the current period is CNY 25,118,235.14, down from CNY 32,745,964.06, reflecting a decline of 23.3%[34] - The total comprehensive income for the current period is CNY 22,969,054.54, down from CNY 29,262,117.54, reflecting a decrease of 21.5%[37] Earnings and Shares - Basic earnings per share decreased by 21.53% to ¥0.1119 from ¥0.1426 in the same period last year[3] - The basic and diluted earnings per share for the current period are both CNY 0.1119, compared to CNY 0.1426 in the previous period, indicating a decrease of 21.5%[37] - The total number of common shareholders at the end of the reporting period is 35,313, with the top ten shareholders holding a combined 67.32% of shares[12] - Fang Xing holds 18.90% of shares, amounting to 38,796,512 shares, while Xiao Xueli holds 9.55% with 19,602,890 shares[12] - The number of shares held by the top ten unrestricted shareholders totals 42,000,000 shares[15] Cash Flow and Financial Position - Net cash flow from operating activities was -¥48,546,301.00, representing a decline of 123.40% compared to -¥21,730,274.04 in the previous year[3] - The cash flow from operating activities shows a net outflow of CNY -48,546,301.00, worsening from CNY -21,730,274.04 in the previous period[41] - Cash inflow from sales of goods and services received is CNY 230,236,646.73, an increase from CNY 176,354,231.79 in the previous period[38] - The company reported a significant decrease in cash and cash equivalents, with a net decrease of ¥26,778,317.54, a decline of 145.61% compared to the previous year[7] - The cash and cash equivalents at the end of the period amount to CNY 196,230,932.30, compared to CNY 160,083,555.98 at the end of the previous period[41] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥1,494,556,205.45, a decrease of 0.92% from ¥1,508,368,618.68 at the end of the previous year[3] - Current liabilities totaled ¥589,716,541.54, down 5.8% from ¥626,243,009.40 in the previous year[27] - The company's cash and cash equivalents were not explicitly stated but are part of the total current assets of ¥1,053,393,931.47, which decreased from ¥1,082,524,708.02[27] - The company reported a significant increase in inventory, which rose to ¥298,108,650.82 from ¥271,546,479.90, an increase of 9.7%[27] - Total operating costs amounted to ¥211,698,588.56, up 38.0% from ¥153,388,554.11 in the same period last year[31] Expenses - Operating costs rose by 44.34% to ¥139,379,428.87, up from ¥96,562,209.54 due to increased sales[6] - Research and development expenses were ¥27,930,713.63, representing a 27.5% increase from ¥21,950,840.92 year-over-year[31] - Financial expenses surged by 124.19% to ¥1,357,562.08, primarily due to increased exchange losses[6] Shareholder Matters and Litigation - The company has ongoing litigation related to a shareholder dispute, which is not expected to significantly impact its operations[20] - The company has a total of 44,869,370 restricted shares, with no new restricted shares added during the reporting period[16] - The company’s total restricted shares held by Fang Xing remain unchanged at 29,097,384 shares[16] - The company plans to grant a total of 453,500 restricted stock options to 238 incentive objects, representing 2.25% of the total share capital[20] Audit and Reporting - The company has not undergone an audit for the first quarter report[44]

Financial Performance - The company's operating revenue for 2021 was ¥1,021,384,948.83, representing a 32.41% increase compared to ¥771,354,983.07 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥113,449,804.67, a 6.93% increase from ¥106,101,008.28 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥100,756,614.65, up 15.06% from ¥87,569,120.40 in 2020[20]. - The total assets at the end of 2021 amounted to ¥1,508,368,618.68, a 21.45% increase from ¥1,241,943,464.59 at the end of 2020[20]. - The basic earnings per share for 2021 was ¥0.5527, reflecting a 6.93% increase from ¥0.5169 in 2020[20]. - The company reported a net cash flow from operating activities of ¥106,429,756.93, a decrease of 5.19% compared to ¥112,260,702.03 in 2020[20]. - The company received government subsidies amounting to ¥8,830,512.62 in 2021, down from ¥15,210,425.52 in 2020[25]. - The fourth quarter of 2021 saw the highest quarterly revenue of ¥363,342,846.89, contributing significantly to the annual growth[22]. - The weighted average return on equity for 2021 was 14.20%, a slight decrease from 15.00% in 2020[20]. - The company's net assets attributable to shareholders increased by 12.13% to ¥846,329,138.60 at the end of 2021 from ¥754,782,192.46 at the end of 2020[20]. Market and Product Development - The report highlights the importance of power electronics technology in transforming and controlling electrical energy for various applications[12]. - The company is focused on developing new energy conversion devices and energy storage inverters, which are critical for renewable energy integration[12]. - The company emphasizes the significance of dynamic voltage restoration devices for compensating voltage sags in power systems[14]. - The company is actively involved in the research and development of electric vehicle charging stations and related technologies[12]. - The company has established partnerships with major players like BP to supply high-quality charging pile products, enhancing its market presence[34]. - The company has innovated a modular energy storage inverter design to optimize performance and reduce costs, addressing battery inconsistency issues[37]. - The company is actively involved in the development of integrated solar and storage solutions for microgrid applications, enhancing efficiency and reducing installation complexity[37]. - The company aims to expand its product offerings in the frequency converter market to adapt to diverse application scenarios[73]. - The company is focusing on customized non-standard machines to meet project-specific market demands[74]. - The company plans to expand its electric vehicle charging services, developing new high-efficiency charging modules and targeting both vehicle manufacturers and charging station integrators[116]. Research and Development - The company invested ¥11,347.69 million in R&D, which constituted 11.11% of total operating revenue for 2021[50]. - The company has a total of 190 authorized patents and software copyrights as of December 31, 2021[50]. - The company has established a comprehensive testing center management platform to enhance operational efficiency and reduce costs[40]. - The company has developed a clear product roadmap focusing on technological advancements, including high-frequency, silicon carbide, and modular technologies[40]. - The company has secured partnerships with major clients such as CATL, BYD, and Xpeng Motors, solidifying its position as a technology leader in battery testing and formation equipment[41]. - The company is focusing on expanding its battery testing equipment business from laboratory settings to production lines, leveraging its technology advantages[116]. - The company has filed for 32 patents related to its innovative control methods for three-level inverters, showcasing its commitment to R&D[144]. Risk Management - The company faces risks including macroeconomic risks, industry risks, and accounts receivable risks, which are detailed in the management discussion and analysis section[6]. - The company has a comprehensive risk management strategy to address potential declines in gross profit margins and investment project implementation risks[6]. - The company has a high overall gross profit margin but faces risks of margin decline due to intensifying market competition, necessitating continuous innovation and cost control[119]. - The company is exploring strategic partnerships and acquisitions to enhance its technological capabilities and market reach[108]. Governance and Compliance - The company is committed to strengthening its governance structure and ensuring compliance with relevant laws and regulations, having held three shareholder meetings during the reporting period[126]. - The board of directors consists of 8 members, including 3 independent directors and 2 external non-independent directors, complying with legal and regulatory requirements[127]. - The supervisory board comprises 3 members, including 1 employee representative, and has held 8 meetings during the reporting period[128]. - The company has established independent governance structures, including a shareholder meeting, board of directors, supervisory board, and management team[131]. - The company has confirmed that its governance structure complies with relevant laws and regulations, with no major governance issues identified[175]. - The company has implemented a strategy to enhance compliance and governance among its executives and board members[148]. Employee and Shareholder Relations - The company has a diverse employee structure with 484 technical personnel, 353 production staff, and 223 sales personnel[162]. - The company has implemented a salary management system based on position, personal ability, performance, and market conditions[163]. - The company has established a multi-faceted training system to enhance employee growth and adapt to company needs[164]. - The company emphasizes shareholder rights and has actively engaged in cash dividend policies to ensure investor returns[179]. - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling 24,633,059.16 RMB, pending shareholder approval[169]. Financial Management and Investments - The company reported a total of ¥320,020,000 in new investments during the reporting period, with a total investment return of ¥45,147,260.2[91]. - The total amount of raised funds was ¥32,892.02 million, with a net amount of ¥29,591.71 million after deducting issuance costs[95]. - The company has implemented internal control measures to enhance operational risk management and ensure compliance with relevant regulations[170]. - The company has established a compensation fund to address direct economic losses suffered by investors[190]. Future Outlook - The company has set a performance guidance for the next fiscal year, targeting a revenue growth of approximately 10%[139]. - The company aims to enhance its market share in the power quality product series, focusing on harmonic governance and voltage drop solutions, targeting a comprehensive coverage in low, medium, and high voltage sectors[115]. - The company is committed to sustainable practices and aims to integrate green technologies into its operations[139]. - The company plans to push forward with its IPO fundraising project to achieve economic benefits as soon as possible[117].

Financial Performance - The company's operating revenue for Q3 2021 was ¥268,551,293.96, representing a 33.60% increase year-over-year[2] - The net profit attributable to shareholders for Q3 2021 was ¥28,979,784.61, an increase of 17.05% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,677,690.30, up 16.59% year-over-year[2] - Operating revenue for the first nine months of 2021 reached CNY 658,042,101.94, a 35.18% increase compared to CNY 486,777,293.03 in the same period of 2020[8] - Total operating revenue for the current period reached CNY 658,042,101.94, a significant increase from CNY 486,777,293.03 in the previous period, representing a growth of approximately 35.1%[24] - Net profit for the current period was CNY 78,249,850.83, compared to CNY 69,162,800.76 in the previous period, reflecting a growth of approximately 13.3%[26] Assets and Liabilities - The total assets as of September 30, 2021, were ¥1,455,364,341.50, reflecting a 17.18% increase from the end of the previous year[4] - The total assets of the company increased to CNY 1,455,364,341.50 from CNY 1,241,943,464.59, indicating a growth of approximately 17.2%[23] - The company's current assets totaled RMB 1,104,572,394.41, up from RMB 964,223,907.00 at the end of 2020, indicating an increase of about 14.6%[17] - The total liabilities of the company as of September 30, 2021, were not explicitly stated but can be inferred to have increased due to the rise in both short-term borrowings and accounts payable[19] - The company's total liabilities increased to CNY 642,154,318.92 from CNY 487,161,272.13, marking a rise of about 31.8%[23] - The total liabilities for contract liabilities rose to CNY 80,583,980.48, an increase of 82.59% from CNY 44,133,547.21, indicating higher prepayments from customers[8] Shareholder Equity - The equity attributable to shareholders increased to ¥813,394,145.05, a rise of 7.77% compared to the end of the previous year[4] - Total equity attributable to shareholders of the parent company rose to CNY 813,394,145.05 from CNY 754,782,192.46, an increase of approximately 7.7%[23] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥54,316,726.45, showing a 41.35% increase compared to the same period last year[2] - Operating cash inflow for the current period reached ¥606,761,076.01, a significant increase of 45.6% compared to ¥416,775,281.61 in the previous period[33] - The net cash flow from operating activities was ¥54,316,726.45, up 41.4% from ¥38,427,131.22 in the prior period[33] - Cash inflow from financing activities amounted to ¥87,600,000.00, an increase of 25.2% compared to ¥70,002,964.64 in the previous period[35] Research and Development - The company's R&D expenses increased by 41.12% to CNY 77,250,815.70, up from CNY 54,741,146.58 year-on-year, reflecting a commitment to innovation[8] - Research and development expenses for the current period were CNY 77,250,815.70, compared to CNY 54,741,146.58 in the previous period, showing an increase of about 40.9%[26] Inventory and Receivables - Inventory levels rose by 105.37% to ¥293,136,769.42, attributed to unfulfilled contracts and increased stock of long-lead materials[6] - Accounts receivable decreased to RMB 345,687,785.97 from RMB 365,753,229.64, showing a decline of about 5.5%[17] Management and Operational Expenses - The company's management expenses increased by 54.52% to CNY 39,924,894.16, primarily due to relocation costs and employee severance payments[8] - Cash paid to employees increased to ¥157,036,552.58, a rise of 30.0% from ¥120,828,182.74 in the previous period[33] Non-Recurring Items - The company recorded a total of ¥4,302,094.31 in non-recurring gains for the current period[5] - The company reported a 142.85% increase in non-operating income, reaching CNY 879,901.72, mainly from customer penalty fees[8] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[8] Other Financial Information - The third-quarter report was not audited, indicating that the figures presented are preliminary[44] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[21]

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[21]. - The company's operating revenue for the reporting period was ¥389,490,807.98, representing a 36.30% increase compared to ¥285,759,888.98 in the same period last year[32]. - The net profit attributable to shareholders of the listed company was ¥50,054,188.69, up 12.72% from ¥44,405,259.67 in the previous year[32]. - The net profit after deducting non-recurring gains and losses was ¥43,969,410.82, reflecting a 36.03% increase from ¥32,323,371.51 in the same period last year[32]. - The net cash flow from operating activities was ¥43,136,873.96, a significant improvement of 457.42% compared to -¥12,068,986.51 in the previous year[32]. - The total assets at the end of the reporting period were ¥1,379,629,656.57, an increase of 11.09% from ¥1,241,943,464.59 at the end of the previous year[32]. - The net assets attributable to shareholders of the listed company were ¥784,412,076.64, up 3.93% from ¥754,782,192.46 at the end of the previous year[32]. - The basic earnings per share for the reporting period was ¥0.2438, a 12.71% increase from ¥0.2163 in the same period last year[32]. - The diluted earnings per share also stood at ¥0.2438, reflecting the same growth of 12.71% compared to the previous year[32]. - The company reported a total of ¥6,084,777.87 in non-recurring gains and losses for the reporting period[37]. Market and Industry Trends - Future guidance indicates an expected revenue growth of 10% for the second half of 2021, driven by increased demand for renewable energy solutions[21]. - The global energy storage market is projected to grow from 11GW/22GWh in 2019 to 1,676GW/5,827GWh by 2050, with total investment reaching $964 billion[47]. - The demand for energy quality products is expected to grow significantly, with a compound annual growth rate exceeding 15% for filtering and reactive power compensation devices from 2019 to 2023[49]. - The domestic new energy vehicle sales penetration rate is expected to maintain a compound annual growth rate of 31.95% over the next five years, increasing from approximately 5% in 2020 to 20% by 2025[53]. - The market size of China's new energy vehicle charging pile industry is projected to maintain a compound annual growth rate of 25.9%, reaching 17.9 billion yuan by 2023[54]. Product Development and Innovation - The company plans to invest in new product development, particularly in energy storage inverters and smart microgrid systems, to enhance market competitiveness[21]. - The company has developed modular energy storage solutions to reduce installation and maintenance costs, particularly in remote areas[46]. - The company is focusing on innovative modular energy storage inverter designs to address battery inconsistency and reduce costs[46]. - The company’s new energy power conversion equipment business is benefiting from rapid growth in storage demand driven by economic recovery and advancements in battery technology[45]. - The company has accumulated 180 authorized patents and software copyrights as of June 30, 2021, reflecting its commitment to technological innovation[65]. Risks and Challenges - The company faces risks related to macroeconomic conditions and accounts receivable, which may impact future performance[21]. - The company faces risks from intensified competition in the energy storage industry, which may affect market share and performance if product reliability and cost-effectiveness are not maintained[126]. - The overall gross profit margin remains high, but there is a risk of decline due to increasing market competition; the company aims to enhance R&D and operational efficiency to stabilize margins[126]. - The company will continue to expand its overseas market share to mitigate risks from domestic policy changes and market fluctuations[129]. Corporate Governance and Compliance - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[21]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[139]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, adhering to relevant environmental laws and regulations[143]. - The company has established a standardized labor relationship with employees, ensuring their legal rights and benefits, including social insurance[144]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[154]. Subsidiaries and Investments - The company reported a net loss of CNY 7,770,957.40 from its subsidiary Xi'an Shenghong Electric Co., Ltd., which had total assets of CNY 5,550,285.14[115]. - The company established Huizhou Shenghong Power Technology Co., Ltd. during the reporting period, which did not have a significant impact on overall operations[123]. - The company’s subsidiaries are engaged in various sectors, including power electronics, energy management, and automation equipment[119]. - The company has not reported any major guarantees or significant contracts that could affect its financial position[178][183]. Shareholder Information - The company distributed a cash dividend of RMB 1.60 per share, totaling RMB 21,896,052.64, based on the total share capital as of December 31, 2020[190]. - The basic and diluted earnings per share for the first half of 2021 were both RMB 0.2438, calculated on the new share capital of 205,275,493 shares[193]. - The net asset value per share attributable to ordinary shareholders was RMB 3.82[193]. - The largest shareholder, Fangxing, held 19.03% of the shares, totaling 39,069,112 shares, with a decrease of 13,023,037 shares during the reporting period[198].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 181,265,643.30, representing a 65.62% increase compared to CNY 109,446,463.43 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was CNY 29,278,358.68, a 100.22% increase from CNY 14,623,110.98 year-on-year[8]. - The total profit reached CNY 32,745,964.06, reflecting a growth of 103.90% compared to the previous year[24]. - The basic earnings per share for Q1 2021 was CNY 0.2139, doubling from CNY 0.1069 in the same quarter last year[8]. - The total comprehensive income for the current period was ¥32,553,815.27, compared to ¥17,569,473.27, reflecting an increase of 85.3%[80]. Cash Flow - The net cash flow from operating activities for Q1 2021 was negative at CNY -21,730,274.04, an improvement of 22.31% compared to CNY -27,968,872.50 in the same period last year[8]. - The cash flow from operating activities showed a total outflow of 206,206,059.93, compared to 136,090,228.40 in the previous period, indicating increased operational expenditures[84]. - The cash inflow from investment activities totaled 101,647,123.37, significantly higher than 2,269,330.34 in the previous period, driven by cash recovered from investments[88]. - The net cash flow from investment activities was -22,267,528.68, worsening from -7,516,586.58 in the previous period, reflecting increased cash outflows for investments[84]. - The net cash flow from financing activities improved to 33,245,579.17 from 19,528,853.66 in the previous period, indicating better management of financing[87]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,236,818,154.05, a slight decrease of 0.41% from CNY 1,241,943,464.59 at the end of the previous year[8]. - The total current liabilities decreased to RMB 447,462,281.08 from RMB 481,902,758.90[52]. - The company's total liabilities decreased to CNY 446,691,614.76 from CNY 463,344,900.80, indicating a reduction of approximately 3.0%[62]. - The company's cash and cash equivalents were RMB 185,139,952.76, down from RMB 193,032,194.48[46]. - The company's inventory increased to RMB 169,235,341.48 from RMB 142,734,056.27, indicating a rise in stock levels[46]. Research and Development - The company's R&D expenses amounted to CNY 21,950,840.92, up 39.36% due to an increase in R&D personnel[24]. - Research and development expenses for Q1 2021 amounted to CNY 21,950,840.92, up from CNY 15,751,435.13 in Q1 2020, reflecting a growth of approximately 39.1%[67]. - The R&D center construction project has a total investment of 5,033 million RMB, with a completion deadline extended to December 2021[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,685, with the largest shareholder holding 19.03% of the shares[12]. - The net assets attributable to shareholders increased to CNY 784,067,485.00, up 3.88% from CNY 754,782,192.46 at the end of the last year[8]. - The company's total equity attributable to shareholders increased to RMB 784,067,485.00 from RMB 754,782,192.46[55]. Market and Operational Insights - The company is focused on stabilizing and expanding market share while improving product quality and brand influence[29]. - There are no significant adverse risk factors or operational difficulties reported for the company[29]. - The company has not experienced any significant reliance on a single customer, with normal changes in the top five customers[29]. - The company has not implemented any share buyback plans during the reporting period[29]. - The company has not encountered any major changes in project feasibility during the reporting period[36].

Financial Performance - The company's operating revenue for 2020 was ¥771,354,983.07, representing a 21.31% increase from ¥635,844,776.77 in 2019[28]. - The net profit attributable to shareholders for 2020 was ¥106,101,008.28, a significant increase of 70.99% compared to ¥62,050,632.60 in 2019[28]. - The net profit after deducting non-recurring gains and losses was ¥87,569,120.40, up 61.99% from ¥54,058,389.62 in 2019[28]. - The basic earnings per share for 2020 was ¥0.780, a 73.33% increase from ¥0.450 in 2019[28]. - The total assets at the end of 2020 were ¥1,241,943,464.59, reflecting a 15.38% increase from ¥1,076,380,126.15 at the end of 2019[28]. - The weighted average return on equity for 2020 was 15.00%, up from 9.81% in 2019[28]. - The company reported a net cash flow from operating activities of ¥112,260,702.03, slightly up by 0.33% from ¥111,887,425.37 in 2019[28]. - The company received government subsidies amounting to ¥15,210,425.52 in 2020, compared to ¥877,188.71 in 2019[34]. - The company achieved total operating revenue of ¥771,354,983.07, a year-on-year increase of 21.31%[75]. - Net profit attributable to shareholders reached ¥106,101,008.28, reflecting a growth of 70.99% compared to the previous year[75]. Risk Management - The company faces risks including macroeconomic risks, industry risks, and accounts receivable risks, which are detailed in the report[6]. - The company has implemented measures to mitigate risks associated with declining gross margins and project implementation[6]. Research and Development - The company maintains a research and development investment of over 9% of sales revenue, totaling ¥80,385,300, which is 10.42% of operating income for 2020[67]. - Research and development expenses amounted to ¥8.04 million, constituting about 10.42% of total revenue, with the company obtaining 7 invention patents during the reporting period[80]. - The number of R&D personnel increased to 265, accounting for 31.73% of the total workforce[105]. - The company has developed a modular energy storage converter that reduces battery loss and enhances system performance and efficiency[59]. - The battery testing equipment business has successfully transitioned from laboratory to production line, with significant collaborations established with leading clients such as Yiwei Lithium Energy and BYD in Q1 2021[199]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28]. - The company aims to enhance its market position by continuously innovating and expanding its product offerings in response to evolving industry needs[46]. - Future outlook includes further investment in R&D and market expansion to solidify its status as a world-class power electronics company[47]. - The company has established partnerships with major clients such as CATL, BYD, and BP Group, enhancing its market position in battery testing and charging equipment[63][76]. - The company plans to vigorously advance the construction progress of its IPO fundraising projects in 2021 to achieve economic benefits as soon as possible[200]. Product Development - Major products include active power filters, industrial power supplies, electric vehicle charging equipment, energy storage microgrid systems, and battery formation and testing equipment, serving over 30 industries[44]. - The company focuses on power electronics technology applications in power quality and renewable energy, providing efficient and safe power solutions for high-end manufacturing, data centers, energy, and rail transportation sectors[43]. - The company emphasizes the importance of customer collaboration during the product development phase to ensure tailored solutions meet specific industry requirements[50]. - The company has successfully developed customized power supplies for leading enterprises in the semiconductor manufacturing sector, currently in the testing phase[80]. Financial Management - The company reported a net loss from investments of CNY 2,209,650.62, which accounted for -1.82% of total profit[113]. - Other income from government subsidies reached CNY 23,927,211.80, contributing 19.68% to total profit[113]. - The total investment during the reporting period was CNY 6,600,000.00, a decrease of 35.74% from CNY 10,270,000.00 in the previous year[122]. - The company has not yet used RMB 206.60 million of the raised funds, which includes RMB 6.33 million in the special deposit account and RMB 170.00 million in principal-protected financial products[126]. Industry Trends - The rapid development of renewable energy and electric vehicle infrastructure has led to increased demand for power quality solutions, driven by new energy quality challenges[50]. - The compound annual growth rate (CAGR) for the filter and reactive power compensation equipment market in China is estimated to exceed 15% from 2019 to 2023[52]. - The market size of China's electric vehicle charging pile industry is projected to maintain a CAGR of 25.9%, reaching 17.9 billion yuan by 2023[53]. - The global energy storage market is expected to grow from 11 GW/22 GWh in 2019 to 1,676 GW/5,827 GWh by 2050, with total investment reaching $964 billion[60]. Corporate Governance - The report outlines the company's commitment to maintaining transparency and accountability in its financial reporting practices[5]. - The company has established a digital management system, integrating Oracle cloud ERP with MES systems to enhance operational efficiency[80]. - The company was recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology, highlighting its innovation capabilities[80].

Financial Performance - Net profit attributable to shareholders was ¥24,757,541.09, a decrease of 32.29% year-on-year[8]. - Operating revenue for the period was ¥201,017,404.05, down 1.77% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,167,094.26, a decrease of 38.34% year-on-year[8]. - Basic earnings per share were ¥0.1809, reflecting a decline of 32.30% compared to the same period last year[8]. - The weighted average return on equity was 3.51%, down 2.34% from the previous year[8]. - The company's net profit for the first three quarters of 2020 was ¥69,162,800.76, representing a 68.76% increase compared to the same period in 2019[28]. - Operating profit increased by 64.50% to ¥78,615,572.36, attributed to higher revenue during the reporting period[28]. - The company reported a net profit of CNY 239,989,040.06 as of September 30, 2020, compared to CNY 184,404,172.20 at the end of 2019, reflecting a growth of approximately 30.1%[47]. - Net profit for the current period is ¥26,678,172.00, a decrease of 25.1% from ¥35,657,571.50 in the previous period[70]. - The company reported a total profit of ¥78,966,615.88, which is an increase of 65.0% compared to ¥47,875,255.23 in the previous period[84]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,120,864,534.40, an increase of 4.13% compared to the previous year[8]. - As of September 30, 2020, the company's trading financial assets decreased by 32.36% to ¥170,197,808.22 compared to the beginning of the year, primarily due to the redemption of structured financial products[25]. - The company's current assets totaled CNY 918,520,722.74 as of September 30, 2020, slightly down from CNY 935,557,005.19 at the end of 2019, indicating a decrease of about 1.6%[38]. - The total liabilities decreased to CNY 402,867,849.70 from CNY 414,195,544.12, a reduction of about 2.1%[44]. - The company's equity attributable to shareholders increased to CNY 717,996,684.70 from CNY 662,184,582.03, representing a growth of approximately 8.4%[47]. - Total liabilities reached CNY 414,195,544.12, with current liabilities at CNY 411,775,508.05 and non-current liabilities at CNY 2,420,036.07[106]. - The total liabilities to assets ratio stands at approximately 38.5%, indicating a moderate level of leverage[106]. Cash Flow - Cash flow from operating activities was ¥50,496,117.73, an increase of 4.44% compared to the previous period[8]. - The net cash flow from operating activities was 38,427,131.22, a decrease of 26.0% compared to 51,908,155.27 in the previous period[90]. - Cash inflow from operating activities totaled 416,775,281.61, up 12.4% from 370,673,342.18[90]. - Cash outflow from operating activities increased to 378,348,150.39, compared to 318,765,186.91, reflecting a rise of 18.7%[90]. - The net cash flow from investment activities was -17,702,143.85, an improvement from -44,150,734.29 in the previous period[93]. - Cash inflow from investment activities was 602,571,360.15, down 18.0% from 734,838,912.50[93]. - Cash outflow from investment activities decreased to 620,273,504.00, compared to 778,989,646.79, a reduction of 20.4%[93]. - The net cash flow from financing activities was -27,921,984.38, compared to -1,529,071.08 in the previous period[99]. - Cash inflow from financing activities totaled 70,002,964.64, slightly down from 71,900,000.00[99]. - Cash outflow from financing activities increased to 97,924,949.02, compared to 73,429,071.08, reflecting a rise of 33.5%[99]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,002, with the top ten shareholders holding a significant portion of shares[12]. - Major shareholder Fang Xing held 19.03% of the shares, amounting to 26,046,075 shares[13]. Investments and Expenditures - Long-term equity investments rose by 57.68% to ¥12,471,606.81, reflecting new investments in Dongguan Zhongjian New Energy Testing Technology Co., Ltd.[25]. - The company's construction in progress surged by 1847.88% to ¥62,469,271.90, primarily due to investments in the Shenzhen Liuxiandong headquarters and Huizhou Shenghong Industrial Park[25]. - Research and development expenses increased to CNY 20,264,491.68, up from CNY 15,905,704.18, reflecting a growth of approximately 27.5%[59]. - Research and development expenses for the consolidated period increased to ¥54,741,146.58, up 29.4% from ¥42,327,281.48 in the previous period[73]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[84]. Other Financial Metrics - The company received government subsidies amounting to ¥12,214,620.26 during the reporting period[8]. - The company reported a financial expense of CNY 2,687,415.12, compared to a financial income of CNY -234,162.80 in the previous period[59]. - The company experienced a credit impairment loss of ¥14,560,966.83, compared to a loss of ¥11,309,349.03 in the previous period[84]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[32]. - The company did not report any non-operational fund occupation by controlling shareholders during the reporting period[34]. - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[118].