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].

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2020, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the reporting period was ¥285,759,888.98, representing a 35.63% increase compared to ¥210,687,693.93 in the same period last year[30]. - Net profit attributable to shareholders was ¥44,405,259.67, a significant increase of 904.51% from ¥4,420,588.72 in the previous year[30]. - The net profit after deducting non-recurring gains and losses reached ¥32,323,371.51, up 1,545.82% from ¥1,963,967.86 year-on-year[30]. - The basic earnings per share increased to ¥0.3245, reflecting a 904.64% rise compared to ¥0.0323 in the same period last year[30]. - The company reported a total revenue of 37,207,515.41 RMB, with a net loss of 119,387.64 RMB for the period[118]. - The company reported a net cash flow from operating activities of -¥12,068,986.51, a decline of 439.35% compared to ¥3,556,514.68 in the same period last year[30]. - The company’s cash flow from financing activities increased by 461.28% to 28,165,288.06 yuan due to increased bank loans[80]. Profitability and Margins - The gross profit margin decreased to 25% compared to 30% in the same period last year, indicating a decline in profitability[6]. - The gross margin for energy quality equipment was 56.86%, with a year-on-year increase of 0.71%[79]. - The company aims to optimize product structure and processes to reduce costs and stabilize gross margins[125]. Research and Development - The company plans to invest 200 million RMB in R&D for new energy conversion equipment and smart microgrid systems in the upcoming year[1]. - Research and development expenses amounted to 34.47 million yuan, accounting for 12.06% of operating income, with a commitment to maintain R&D investment at over 9% of sales revenue annually[65]. - The R&D process consists of five stages: concept, planning, development, pilot testing, and mass production, with four major decision reviews throughout the process to ensure feasibility and readiness for market launch[47][48]. - The company has accumulated a total of 146 authorized patents and software copyrights as of June 30, 2020, reflecting its strong focus on technological innovation[65]. Market Expansion and Strategy - Future guidance estimates a revenue growth of 10% to 15% for the second half of 2020, driven by market expansion and new product launches[1]. - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region[1]. - The company is exploring potential acquisitions to enhance its technology portfolio and market reach, with a budget of 300 million RMB allocated for this purpose[1]. - The company aims to expand its overseas charging station market by developing products that meet European, Chademo, and North American standards in 2020[54]. - The company is actively exploring overseas markets to expand its product applications and enhance its competitive position[60]. Product Development and Offerings - The company aims to launch two new products in the electric vehicle charging sector by the end of 2020[1]. - Major products include active power filters, electric vehicle charging equipment, and energy storage converters, serving various industries such as high-end manufacturing and renewable energy[43]. - The company has established a strong partnership with Didi Chuxing's Xiaojucharging, positioning itself as a key supplier in the charging operation market[71]. - The company is expanding its market presence by transitioning from traditional product sales to providing system solutions and operational services[58]. Risks and Challenges - The company faces risks related to macroeconomic conditions and industry competition, which may impact future performance[6]. - The company plans to enhance R&D efforts to maintain technological leadership and address the risk of declining gross margins due to increasing market competition[122]. Shareholder Information - The total number of shares is 136,850,329, with 48.54% being limited shares and 51.46% being unrestricted shares[167]. - The largest shareholder, Fang Xing, holds 19.03% of the shares, amounting to 26,046,075 shares[170]. - The second-largest shareholder, Xiao Xueli, owns 10.94% of the shares, totaling 14,970,367 shares[170]. - The company has a total of 14,454 shareholders holding more than 5% of the shares[170]. - The shareholding structure shows that domestic natural persons hold a significant portion of the shares, with 66,429,859 shares (48.54%) being held by them[167]. Financial Management and Investments - The total amount of entrusted financial management reached 25,000 million RMB, with an outstanding balance of 22,000 million RMB and no overdue amounts[104]. - The company has invested in structured deposits with various banks, including 12,200 million RMB with China Merchants Bank and 9,800 million RMB with Bank of China, all yielding annualized returns between 3.05% and 3.78%[108]. - The total amount of structured deposits as of the report date is 59,200 million RMB, with a total income of 711.85 million RMB and a net profit of 522.15 million RMB[108]. Operational and Construction Projects - The company has achieved a 672.74% increase in construction projects compared to the beginning of the reporting period, primarily due to investments in the Hong Industrial Park[61]. - The electric vehicle charging system construction project has a total investment of CNY 13,326.56 million, with no funds utilized to date, resulting in a 0.00% progress rate[96]. - The electric power quality product construction project has a total investment of CNY 9,751.08 million, with no funds utilized to date, resulting in a 0.00% progress rate[96]. - The R&D center construction project has an adjusted total investment of CNY 5,033 million, with CNY 961.06 million invested to date, achieving a progress rate of 19.09%[96]. Compliance and Governance - The company is not classified as a key pollutant discharge unit and has complied with environmental regulations without penalties during the reporting period[159]. - The company has not reported any major litigation or arbitration matters during the reporting period[135]. - The company has not encountered any significant changes in the feasibility of its committed investment projects[96].

Financial Performance - Total revenue for Q1 2020 was CNY 109,446,463.43, an increase of 13.71% compared to CNY 96,251,429.62 in the same period last year[8] - Net profit attributable to shareholders was CNY 14,623,110.98, representing a significant increase of 538.05% from CNY 2,291,858.00 year-on-year[8] - Basic earnings per share rose to CNY 0.1069, up 540.12% from CNY 0.0167 in the previous year[8] - The total profit reached CNY 16,059,895.48, an increase of 831.06% compared to the same period last year[22] - Operating profit for the current period was ¥16,002,481.20, significantly up from ¥1,665,521.67 in the previous period, indicating a strong improvement in profitability[66] - The total comprehensive income for the current period was ¥14,635,311.22, compared to ¥2,292,056.85 in the previous period, showcasing a significant increase in overall profitability[69] - The net profit for the current period is 17,569,473.27, compared to 3,502,955.89 in the previous period, indicating a significant increase[73] - The total profit for the current period is 18,990,632.51, up from 2,936,355.06 in the previous period, reflecting strong operational performance[73] Cash Flow - The net cash flow from operating activities was CNY -27,968,872.50, worsening by 164.36% compared to CNY -10,579,783.60 in the same period last year[8] - Cash received from operating activities increased by 106.69% to CNY 8,787,101.84, mainly due to the return of guarantee deposits[21] - Cash inflow from operating activities totaled 108,121,355.90, slightly down from 108,854,978.54 in the previous period[77] - Cash outflow from operating activities increased to 136,090,228.40 from 119,434,762.14 in the previous period, indicating higher operational costs[80] - Cash flow from investing activities resulted in a net outflow of -7,516,586.58, compared to -6,462,095.33 in the previous period[80] - Cash flow from financing activities generated a net inflow of 19,528,853.66, up from 14,346,982.37 in the previous period, indicating improved financing conditions[83] - The net cash flow from investment activities was -1,489,750.02 CNY, compared to -10,935,097.02 CNY in the previous year, indicating an improvement[87] - Cash inflow from financing activities totaled 40,301,898.54 CNY, significantly higher than 20,000,000.00 CNY in the same period last year[87] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,054,448,611.88, a decrease of 2.04% from CNY 1,076,380,126.15 at the end of the previous year[8] - Current liabilities decreased from 411,775,508.05 to 374,984,238.08, a reduction of about 8.9%[48] - Total liabilities decreased from 414,195,544.12 to 377,303,791.56, a decrease of approximately 8.9%[48] - The total liabilities decreased to ¥368,279,319.61 from ¥406,804,913.72, showing a reduction of approximately 9.5%[58] - Non-current assets totaled 145,910,253.82, up from 140,823,120.96, reflecting an increase of approximately 3.9%[51] - The company's retained earnings increased from 184,404,172.20 to 199,027,437.98, a growth of about 7.5%[51] - The total equity attributable to the parent company increased from 662,184,582.03 to 677,144,820.32, an increase of approximately 2.3%[51] Investments and Projects - The company has invested RMB 1,907.06 million in projects during the reporting period, with a cumulative investment of RMB 29,591.71 million[31] - The company plans to complete the construction of the "Power Quality Product Industrialization Project" and "Electric Vehicle Charging System Industrialization Project" by December 2020[29] - The company has not reported any significant changes in project feasibility or major deviations from planned progress[29] Government Support and Subsidies - The company received government subsidies amounting to CNY 3,838,111.23 during the reporting period[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,012[11] Research and Development - Research and development expenses for the current period were ¥15,751,435.13, up from ¥14,645,540.04, indicating a continued investment in innovation[63] Other Financial Information - The company reported a significant increase in non-recurring gains and losses, totaling CNY 5,109,358.88 after tax[8] - The company has not reported any significant changes in its core technology team or reliance on single suppliers or customers during the reporting period[22] - The company did not apply new revenue and leasing standards for the first quarter of 2020[88] - The first quarter report was not audited, which may affect the reliability of the financial data presented[90]

Financial Performance - The company reported a total revenue of RMB 136,850,329 for the year 2019, with a cash dividend of RMB 1 per 10 shares to all shareholders[6]. - The company's operating revenue for 2019 was ¥635,844,776.77, representing a 19.69% increase from ¥531,257,081.10 in 2018[28]. - The net profit attributable to shareholders for 2019 was ¥62,050,632.60, up 27.99% from ¥48,481,608.04 in 2018[28]. - The net cash flow from operating activities increased by 198.67% to ¥111,887,425.37 in 2019, compared to ¥37,461,743.73 in 2018[28]. - The total assets at the end of 2019 were ¥1,076,380,126.15, a 21.25% increase from ¥887,764,782.69 at the end of 2018[28]. - The net assets attributable to shareholders increased by 8.59% to ¥662,184,582.03 at the end of 2019, compared to ¥609,794,641.82 at the end of 2018[28]. - The basic earnings per share for 2019 was ¥0.45, reflecting a 28.57% increase from ¥0.35 in 2018[28]. - The company achieved a weighted average return on equity of 9.81% in 2019, up from 8.17% in 2018[28]. - The net profit after deducting non-recurring gains and losses for 2019 was ¥54,058,389.62, a 47.03% increase from ¥36,768,118.53 in 2018[28]. - The company reported a quarterly revenue of ¥220,520,782.98 in Q4 2019, showing strong performance in the last quarter[30]. Market and Strategic Focus - The company is focusing on the development of new energy conversion devices, which include technologies for solar and wind energy[15]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the renewable energy sector[15]. - The company is exploring opportunities in the electric vehicle charging infrastructure market, which is expected to grow significantly[15]. - The company aims to become a core solution provider for energy internet power electronics, focusing on consulting, design, financing, and operation maintenance[137]. - The company plans to enhance its electric power quality product series and expand into new markets such as industrial UPS and inverters[141]. - The company will continue to provide advanced electric vehicle charging equipment and plans to enter overseas markets, developing products suitable for European and North American standards[141]. - The company intends to increase its efforts in energy storage and microgrid projects, focusing on both grid-side and user-side applications[142]. Research and Development - The company is investing in research and development for power electronics technology, which is crucial for its product offerings[15]. - The R&D process consists of five stages: concept, planning, development, pilot testing, and mass production, with four major decision reviews throughout[46]. - The company achieved a 24.61% increase in cash inflow from operating activities, totaling ¥539,523,857.63 in 2019[98]. - The company’s R&D investment amounted to ¥63,735,491.79, representing 10.02% of operating revenue[73]. - The number of R&D personnel increased to 222, accounting for 30.66% of the total workforce[96]. - The company has obtained 14 new patents in 2019, bringing the total to 138 authorized patents and software copyrights[63]. Operational Challenges and Risks - The company faces macroeconomic risks, industry risks, and a risk of declining gross profit margins, which are detailed in the operational discussion section[6]. - The company aims to improve its financial performance by addressing accounts receivable risks and enhancing cash flow management[6]. - The company's accounts receivable increased by 218.94% compared to the beginning of the period, primarily due to changes in financial instrument standards[59]. - The company acknowledges macroeconomic risks, including the impact of the COVID-19 pandemic on global economic conditions, which could adversely affect its performance[146]. - The company aims to enhance its R&D efforts to maintain a technological edge and mitigate the risk of declining gross margins due to increasing market competition[146]. Shareholder and Dividend Policies - The company has implemented a profit distribution plan to reward shareholders, indicating a commitment to returning value[6]. - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling 13,685,032.90 yuan, based on a total share capital of 136,850,329 shares as of December 31, 2019[150]. - The cash dividend distribution accounts for 22.05% of the company's net profit attributable to ordinary shareholders, which was 62,050,632.60 yuan for the year 2019[156]. - The company has a history of cash dividend distribution, with the previous year's cash dividend also being 1.00 yuan per 10 shares, totaling 13,685,032.90 yuan[155]. Compliance and Governance - The company is committed to maintaining compliance with national standards for harmonic governance in its products[15]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[171]. - The company will actively accept social supervision regarding its commitments made during the IPO process[181]. - The company will not distribute dividends or bonuses until it fulfills its share repurchase commitments[184]. - The company will adjust the share price for any rights issues or stock distributions post-IPO[181]. Financial Reporting and Audit - The company adopted new financial instrument standards in April 2019, reflecting a change in accounting policies that may impact financial reporting[195]. - The current accounting firm is Deloitte Touche Tohmatsu CPA Ltd., with an audit fee of 700,000 RMB[200]. - The company has changed its auditing firm from Ruihua Certified Public Accountants to Deloitte Touche Tohmatsu CPA Ltd. due to operational needs[200]. - The new financial instrument standards have been approved and have no significant impact on the company's accounting policies[196].

Financial Performance - Operating revenue for the reporting period was ¥204,636,299.86, representing a year-on-year growth of 42.13%[8] - Net profit attributable to shareholders was ¥36,563,417.54, a significant increase of 91.50% compared to the same period last year[8] - Basic earnings per share were ¥0.2672, up 91.54% year-on-year[8] - The company reported a total net profit of ¥40,984,006.26 for the year-to-date, a decrease of 8.01% compared to the same period last year[8] - Total operating revenue for the current period reached ¥204,636,299.86, a 42% increase from ¥143,977,618.85 in the previous period[51] - Net profit for the current period was ¥36,563,417.54, representing an increase of 92% compared to ¥19,093,641.34 in the previous period[54] - Operating profit rose to ¥43,862,879.74, a 111% increase from ¥20,771,033.72 in the previous period[54] - The total comprehensive income for the current period was ¥36,665,405.09, compared to ¥19,093,499.84 in the previous period[54] - Net profit decreased to ¥42,758,645.07 from ¥44,908,840.17, representing a decline of about 4.79%[81] - Total profit decreased to ¥48,278,035.22 from ¥50,661,257.52, a reduction of approximately 4.70%[81] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,002,723,171.62, an increase of 12.95% compared to the previous year[8] - The total assets increased to ¥1,002,723,171.62 from ¥887,764,782.69, indicating overall growth[34] - The total liabilities increased to CNY 360,210,127.83, up from CNY 278,249,551.33, representing a growth of approximately 29.5% year-over-year[47] - The owner's equity totaled CNY 643,135,388.93, up from CNY 611,138,826.33, reflecting a growth of approximately 5.2% year-over-year[50] - The total current liabilities rose to CNY 359,434,331.68 from CNY 276,519,021.27, reflecting an increase of about 30.0%[47] - The company’s total assets amounted to $887.76 million, remaining stable compared to the previous reporting period[103] - Total liabilities amounted to ¥277,970,140.87, with non-current liabilities totaling ¥1,730,530.06[109] Cash Flow - Cash flow from operating activities showed a net amount of ¥51,908,155.27, reflecting a decrease of 586.97% compared to the previous year[8] - Cash received from investment increased by 120.07% to ¥726,000,000.00, attributed to a shorter cycle and increased frequency of financial product purchases[22] - Cash flow from operating activities increased to ¥370,673,342.18 from ¥318,580,961.29, showing a growth of about 16.35%[85] - Cash inflow from financing activities totaled $71.90 million, an increase from $60.00 million in the previous period, marking a growth of approximately 20%[99] - Cash outflow from investment activities was $782.52 million, up from $333.24 million, resulting in a net cash flow from investment activities of -$47.68 million, a decline from a positive $4.36 million previously[96] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,680[12] - The largest shareholder, Fang Xing, held 19.03% of the shares, amounting to 26,046,075 shares[12] Investments and Expenses - Long-term equity investments reached ¥10,270,000.00, reflecting new investments in Xi'an Shenghong Bisi[22] - Research and development expenses were ¥15,905,704.18, slightly up from ¥15,032,178.28 in the previous period[51] - R&D expenses increased to ¥38,552,803.71 from ¥37,814,625.91, reflecting a growth of approximately 1.95%[81] - Financial expenses decreased by 173.04% to ¥759,001.00, primarily due to increased bank loan interest expenses[22] - The company reported an investment income of ¥2,075,925.99, down from ¥2,688,067.17 in the previous period[51] Inventory and Receivables - The accounts receivable stood at CNY 278,668,824.22, slightly down from CNY 281,476,606.33, indicating a decrease of approximately 1.0%[41] - The inventory increased to CNY 133,014,969.40 from CNY 116,052,571.55, representing a growth of about 14.6%[41] Other Financial Metrics - The weighted average return on net assets was 5.85%, an increase of 2.64% compared to the previous year[8] - Tax expenses for the current period amounted to ¥7,252,906.20, compared to ¥1,767,430.84 in the previous period[54] - Other income for the current period was ¥1,983,695.03, down from ¥2,320,265.99 in the previous period[51] - Other comprehensive income after tax attributable to the parent company was CNY 105,219.81, compared to a loss of CNY 185.90 in the previous period[73]