Group 1: Company Overview and Market Position - The company primarily engages in the research, development, production, and sales of intelligent high-frequency switching power supplies and related power electronic products [4] - The market share of the company's electric vehicle charging power supply is currently not available from any third-party authoritative statistics [4] - As of June 30, 2018, the company had 69 R&D personnel, accounting for 26.64% of the total workforce [5] Group 2: Impact of Raw Material Prices - The supply of major power device manufacturers remains tight, leading to price increases that affect the company's gross profit [4] - The company maintains good communication with suppliers and employs safety stock strategies to ensure stable supply [4] Group 3: Research and Development - The company has obtained 18 valid patents and over 20 software copyrights, indicating a strong commitment to R&D [4] - The core technical team has been stable since the company's establishment, with extensive experience in the relevant field [5] Group 4: Product Pricing and Profit Margins - After a significant price drop last year, product prices are stabilizing due to rising upstream material costs [5] - The company aims to enhance cost reduction efforts and increase R&D investment to maintain gross profit margins [5] Group 5: Market Competition and Strategic Measures - The company focuses on core technology, continuous R&D investment, and product innovation to address market competition [5] - It emphasizes understanding market trends and customer needs to develop products that meet demand [5] Group 6: Future Directions - The company plans to deepen its focus on the power electronics industry and continue its path of independent R&D and technological innovation [6] - It aims to extend its industrial chain and product lines through investments and mergers [6]

Financial Performance - Net profit in 2021 decreased significantly, mainly due to non-recurring gains and losses, while overall business remained stable [3] - R&D investment in 2021 accounted for 17.47% of revenue, with a total investment of 44,598,126.89 yuan [6] Project Updates - The "Intelligent High-Frequency Switching Power Supply Industrialization and R&D Center Project" was delayed due to construction conditions and pandemic impacts, leading to increased costs [4] - The industrialization project has been put into use, with assets including project land, factory buildings, and equipment [4] - The R&D center project has been adjusted to be implemented in the company's own properties in Nanshan and Shanghai, causing delays in investment progress [4] R&D and Talent - R&D personnel decreased by 34.66% year-on-year, mainly due to changes in the scope of consolidated financial statements [6] - The company plans to continue high R&D investment and focus on talent recruitment and training [6] - The company has established a competitive salary and incentive mechanism to attract and retain talent [7] Market and Competitiveness - The company has a competitive advantage in technology, cost control, brand, and operational management [7] - The company has launched liquid-cooled modular products and charging pile system solutions, improving the climate resistance and online service time of charging piles [8] - The company is exploring overseas markets and developing charging products that meet international standards [9] Supply Chain and Production - The company faced supply chain challenges in 2021 due to the pandemic but took measures to ensure supply and delivery [4] - In 2022, the company increased inventory of key materials to ensure production capacity [10] Future Strategy - The company aims to become a leading supplier of core components and system solutions in the fields of smart grids, new energy vehicles, energy storage, rail transit, and Industry 4.0 [10] - The company plans to expand its battery PACK business and explore new opportunities in the lithium battery market [11] Investor Relations - The company completed the first phase of its equity incentive plan, with performance and individual performance as the main assessment criteria [7] - The company is focused on improving operational efficiency and management to enhance shareholder value [12]

Group 1: Company Overview and Strategy - The company focuses on the power electronics industry, providing solutions and products related to intelligent high-frequency switch power supplies [2][3] - The company aims to become a leading enterprise in the power electronics sector by creating and realizing value in various fields such as electric vehicle charging and communication [4] Group 2: Financial Performance - The operating cash flow decreased by 1860.6% year-on-year, primarily due to raw material shortages and increased prices [3] - The gross profit margin for the first three quarters of 2022 was 20.84%, with revenue reaching 240 million, an increase of 31.84% year-on-year [5] Group 3: Research and Development - As of September 30, 2022, the company invested over 38 million in R&D, a year-on-year increase of 45.25% [4] - The company holds over 28 patents and 29 software copyrights, emphasizing its commitment to innovation and technology [3] Group 4: Market Position and Product Offerings - The company is actively expanding its market share and developing new customers in the power electronics sector [3] - Current products include electric vehicle charging modules, power supply modules, and systems for various industries such as energy, telecommunications, and industrial applications [5] Group 5: Risk Management and Corporate Governance - The company has established a robust internal control management system to mitigate risks and ensure compliance [4] - Efforts are being made to optimize cost management and enhance core competitiveness through improved automation and talent acquisition [4]

深圳市英可瑞科技股份有限公司 2022 年第三季度报告 证券代码：300713 证券简称：英可瑞 公告编号：2022-055 深圳市英可瑞科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 1 深圳市英可瑞科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 2 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期增减 | | 营业收入（元） | 93,422,876.76 | 51. ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥148,335,476.91, representing a 21.71% increase compared to ¥121,874,309.21 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥8,052,594.00, a decrease of 184.36% from ¥9,545,382.05 in the previous year[23]. - The cash flow from operating activities showed a net outflow of -¥8,529,089.25, down 156.82% from a positive cash flow of ¥15,010,317.24 in the same period last year[23]. - The basic earnings per share were -¥0.0510, a decline of 184.30% compared to ¥0.0605 in the previous year[23]. - The total revenue for the first half of 2022 was reported at 279,017,091.00 CNY, a decrease of 10.36% compared to 311,247,625.60 CNY in the same period last year[79]. - The company's operating costs increased by 35.51% to CNY 116,640,325.67, primarily due to increased sales orders and rising raw material prices[68]. - The gross profit margin for electric vehicle charging products decreased by 6.73% to 19.36%, while the gross profit margin for power operation power supplies decreased by 6.35% to 33.57%[70]. - The company reported a total revenue of approximately 640.99 million yuan for the first half of 2022, reflecting a year-on-year increase of 26%[106]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 20%[146]. Assets and Liabilities - Total assets at the end of the reporting period were ¥991,348,532.22, a slight increase of 0.31% from ¥988,262,890.00 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 0.90% to ¥722,650,596.80 from ¥729,198,399.97 at the end of the previous year[23]. - The company's financial assets decreased to 36,864,607.46 CNY, down 7.21% from 108,018,735.67 CNY, primarily due to a reduction in wealth management products[78]. - The total current assets decreased to CNY 569,567,255.75 from CNY 608,025,270.35 at the start of the year, indicating a decline of approximately 6.5%[197]. - Total liabilities rose to CNY 265,175,011.14, compared to CNY 255,543,832.74, indicating an increase of approximately 3.1%[199]. - Current liabilities amounted to CNY 225,197,291.82, up from CNY 214,973,413.20, showing a growth of around 4.6%[199]. Research and Development - Research and development expenses reached CNY 24,293,472.13, a 39.41% increase from CNY 17,426,086.62 in the previous year, accounting for 16.38% of total revenue[68]. - The total number of R&D personnel reached 143, accounting for 24.03% of the total workforce, indicating a stable and growing technical team[62]. - The company plans to invest 1.1 billion in research and development over the next two years to drive innovation[104]. - Investment in R&D increased by 30% year-on-year, focusing on new technologies in the smart device sector[146]. Market Position and Strategy - The company operates in the electrical machinery and equipment manufacturing industry, specifically in the smart high-frequency switching power supply sector[32]. - The company aims to become a leading supplier and solution provider in the power electronics industry, adhering to values of practicality, innovation, mutual benefit, and win-win cooperation[41]. - The company is actively involved in the technological innovation of electric vehicle charging equipment and has participated in the R&D of products for China's high-speed rail[40]. - The company is focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[106]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[146]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has maintained a stable governance structure, with no changes in the board of directors or senior management during the reporting period[126]. - The board of directors emphasized the importance of shareholder returns, committing to a minimum cash dividend payout ratio of 30% for the fiscal year 2022[148]. - The company is committed to ensuring that minority shareholders have the opportunity to express their opinions and that their legal rights are protected[151]. Future Outlook - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 15% to 20% compared to the first half[104]. - Future guidance indicates a cautious outlook due to market volatility and competition[200]. - The company expects a revenue growth of 25% for the second half of 2022, driven by new product launches and market expansion strategies[146]. Operational Efficiency - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[104]. - The company is committed to optimizing product performance indicators, such as power density and output power range, to meet market demands[60]. - The company is focusing on strategic adjustments based on overall development needs to enhance fundraising project effectiveness[99]. Compliance and Risk Management - The company has established a strict accounts receivable management system to mitigate the risk of bad debts[118]. - The company has not reported any impairment provisions for overdue wealth management products, reflecting a stable financial position[101]. - The company has not faced any environmental penalties during the reporting period and complies with relevant environmental regulations[134].

Financial Performance - The company's revenue for Q1 2022 was ¥59,100,944.96, representing a 25.68% increase compared to ¥47,026,046.48 in the same period last year[3] - Net profit attributable to shareholders decreased by 14.03% to ¥1,664,304.81 from ¥1,936,006.34 year-on-year[3] - The company reported a 59.11% decrease in net profit after deducting non-recurring gains and losses, amounting to ¥138,985.20 compared to ¥339,867.94 in the previous year[3] - The company's basic earnings per share decreased by 14.63% to ¥0.0105 from ¥0.0123 year-on-year[3] - Net profit for the current period was ¥895,306.41, down 52.6% from ¥1,889,519.29 in the previous period[26] - The company reported a total comprehensive income of ¥895,306.41, down from ¥1,889,519.29 in the previous period[27] Cash Flow - The net cash flow from operating activities was negative at -¥19,423,980.96, a significant decline of 2,902.95% compared to -¥646,829.11 in the previous year[10] - The net cash flow from operating activities was negative at -¥19,423,980.96, compared to -¥646,829.11 in the previous period[29] - The net cash flow from investing activities improved by 133.69% to ¥10,621,813.78 from -¥31,528,307.29 in the previous year[10] - The company received cash from investment activities amounting to ¥65,306,481.25, compared to ¥87,349,418.99 in the previous period[29] - The net cash flow from financing activities was positive at ¥489,354.19, down from ¥12,164,284.88 in the previous period[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥989,863,274.14, a slight increase of 0.16% from ¥988,262,890.00 at the end of the previous year[3] - The company's current assets decreased to CNY 574,814,138.54 from CNY 608,025,270.35, representing a decline of approximately 5.5%[21] - Cash and cash equivalents were reported at CNY 129,766,411.40, down from CNY 143,507,254.64, indicating a decrease of about 9.5%[21] - The total liabilities of the company were CNY 255,388,910.47, showing a minor decrease from CNY 255,543,832.74[23] - The company's equity attributable to shareholders rose to CNY 730,862,704.78 from CNY 729,198,399.97, an increase of about 0.23%[23] Shareholder Information - The company reported a total of 76,496,683 shares held by executives, with 1,196,126 shares released from lock-up during the period[16] - The largest shareholder, Yin Wei, holds 53,346,294 shares, which are all high-level locked shares[16] - The company has a total of 10 major unrestricted shareholders, with the largest being Yin Wei at 17,358,798 shares[13] - The company has seen a reduction in the number of restricted shares, with 318,639 shares released from lock-up for executive Deng Hu[16] Research and Development - Research and development expenses increased to ¥10,501,492.26, a 26.0% rise from ¥8,336,432.82 in the previous period[26] - The company has received re-certification as a national high-tech enterprise, indicating a strong focus on innovation and technology[17] - The company is actively involved in acquiring new patents, with a recent announcement regarding the acquisition of a utility model patent[17] Corporate Governance and Strategy - The company has announced plans for new product development and market expansion, although specific details were not disclosed in the call[17] - The company has a stock option incentive plan in place, which was discussed in the board meeting[17] - The company is exploring new fundraising projects and has announced changes to the use of funds raised from its initial public offering[17] - The company is committed to maintaining transparency with shareholders, as evidenced by multiple announcements regarding shareholding changes and corporate governance[17] Inventory and Other Assets - Inventory levels increased to CNY 115,527,881.52 from CNY 102,107,336.65, marking a rise of approximately 13.2%[21] - The company reported a total non-current asset value of CNY 415,049,135.60, up from CNY 380,237,619.65, indicating an increase of about 9.2%[22] - The company experienced a 32.01% decrease in trading financial assets, totaling ¥73,438,564.28 compared to ¥108,018,735.67 at the beginning of the period[7] - The company's short-term borrowings remained unchanged at CNY 31,781,412.50[23]

Financial Performance - The net profit attributable to the parent company for 2021 was ¥8,934,834.62, a decrease of 68.52% compared to the previous year[4]. - The operating revenue for 2021 was ¥255,273,349.77, down 3.91% year-on-year[4]. - The basic earnings per share for 2021 was ¥0.0566, representing a decrease of 68.54% compared to ¥0.1799 in 2020[18]. - The company reported a net profit of ¥-1,712,509.62 after deducting non-recurring gains and losses, which is an improvement of 48.51% compared to the previous year[18]. - The net profit attributable to shareholders for Q4 2021 was -¥7,829,021.33, marking a significant decline compared to previous quarters[21]. - The company received government subsidies amounting to ¥3,370,351.37 in 2021, down from ¥7,286,002.55 in 2020[24]. - The company reported a total revenue of 299.72 million in 2021, with a significant increase compared to the previous year[151]. - The net profit for 2021 was 2.58 billion, reflecting a growth of 12% year-over-year[151]. Cash Flow and Assets - The net cash flow from operating activities was ¥36,995,931.12, a decline of 7.50% from the previous year[18]. - The net cash flow from operating activities in Q4 2021 was ¥35,380,397.65, indicating a recovery from negative cash flow in earlier quarters[21]. - As of the end of 2021, cash and cash equivalents amounted to ¥143,507,254, representing 14.52% of total assets, an increase from 14.42% at the beginning of the year[94]. - The total investment for the reporting period was ¥826,282,678.61, reflecting a 6.31% increase from ¥777,214,997.07 in the previous year[99]. - The net increase in cash and cash equivalents was ¥21,647,731.23, a turnaround from a decrease of -¥94,236,423.20 in the previous year, marking a 122.97% improvement[90]. Research and Development - R&D investment totaled ¥44,598,126.89, accounting for 17.47% of operating revenue, a decrease from 19.78% in the previous year[56]. - The company has 115 R&D personnel, representing 25.5% of total employees, with a stable core technical team[56]. - The company is focusing on the development of new products in the DC fast charging sector, emphasizing efficiency, safety, and convenience[54]. - The company has actively promoted the construction of the smart high-frequency switch power supply R&D center, enhancing its competitive research platform[69]. - The company has allocated 720 million for research and development in new technologies for the upcoming fiscal year[151]. Market and Industry Outlook - The market for smart high-frequency switch power supplies is expected to grow significantly due to increasing demand in various applications, including electric vehicles and renewable energy[30]. - The company anticipates continued growth in the electric vehicle charging infrastructure market, with a target of 4.8 million charging piles by 2025[32]. - The company aims to expand its overseas market presence through the development of charging systems that meet international standards[86]. - The company is exploring potential mergers and acquisitions to bolster its technological capabilities and market reach[152]. Operational Strategy - The company plans to improve profitability and has outlined future operational goals in the report[4]. - The company has established itself as a leading supplier in the power electronics industry, focusing on technological innovation and independent research and development for over 20 years[35]. - The company adheres to a direct sales model, allowing for better communication with customers and efficient order execution, which has led to stable relationships with existing clients and continuous growth in new customer acquisition[51]. - The company aims to enhance its supply chain efficiency, targeting a 10% reduction in operational costs by 2024[152]. Governance and Compliance - The company continues to enhance its internal governance and compliance operations to protect investor interests[65]. - The company adheres to legal and regulatory requirements for corporate governance, ensuring compliance with the guidelines set by the China Securities Regulatory Commission[133]. - The company has established a supervisory mechanism to monitor risks and ensure compliance with corporate governance[179]. - The company has retained the auditing firm for the 2021 fiscal year, ensuring adherence to independent auditing standards[178]. Employee and Talent Management - The total number of employees at the end of the reporting period was 451, including 411 from the parent company and 40 from major subsidiaries[180]. - The company plans to increase training for key employees and reserve cadres in 2022, enhancing the training system to improve employee competency[183]. - The company has implemented a performance evaluation system linking employee income to work performance, ensuring transparency in the hiring of senior management[137]. Profit Distribution and Shareholder Engagement - The company has implemented a stable profit distribution policy, emphasizing reasonable and stable returns to investors while considering long-term sustainable development[186]. - The cash dividend policy requires a minimum cash dividend of 20% of the distributable profit for the year, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profit[190]. - The company actively engages with minority shareholders to gather their opinions and ensure their rights are protected during the profit distribution process[191].

深圳市英可瑞科技股份有限公司 2021 年第三季度报告 证券代码：300713 证券简称：英可瑞 公告编号：2021-056 深圳市英可瑞科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 上年同期增减 | | 营业收入（元） | 61,491,438.71 | -7.77% | 183,365,747.92 | 7.63 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥121,874,309.21, representing a 17.53% increase compared to ¥103,697,158.70 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥9,545,382.05, a significant increase of 77.23% from ¥5,385,962.84 in the previous year[21]. - The net profit after deducting non-recurring gains and losses reached ¥4,793,813.00, marking a 286.17% increase compared to ¥1,241,376.64 in the same period last year[21]. - The basic earnings per share for the first half of 2021 was ¥0.0605, up 77.42% from ¥0.0341 in the previous year[21]. - The total assets at the end of the reporting period were ¥960,097,215.09, reflecting a 3.66% increase from ¥926,196,289.39 at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were ¥729,808,947.40, a slight increase of 1.33% from ¥720,263,565.35 at the end of the previous year[21]. - The net cash flow from operating activities was ¥15,010,317.24, which represents a decrease of 58.24% compared to ¥35,943,588.03 in the same period last year[21]. - The weighted average return on net assets was 1.32%, an increase of 0.55% from 0.77% in the previous year[21]. Research and Development - As of June 2021, the company invested 17,426,086.62 yuan in R&D, accounting for 14.30% of its operating revenue, a decrease of 6.04% from the previous year[51]. - The company emphasizes independent innovation and R&D, maintaining a competitive edge in core technologies within the power electronics industry[38]. - The company is investing in research and development, allocating 10% of its revenue towards new technologies and product innovations[121]. Market and Product Development - The company focuses on the research, development, production, and sales of intelligent high-frequency switch power supplies and related power electronic products[28]. - The main product categories include electric operation power supplies, electric vehicle charging power supplies, and other power products, serving various industries such as power, new energy vehicles, and telecommunications[29]. - The electric vehicle charging power supply products include modules and systems, primarily providing fast charging solutions for various types of electric vehicles[30]. - The company plans to enhance its charging station operation management platform and integrate it with construction solutions and products to boost market competitiveness[50]. - Market expansion plans include entering two new international markets by the end of 2021, aiming for a 5% market share in each region within the first year[121]. Financial Management and Investments - The company has a cash balance of RMB 22,426.56 million in raised funds, with RMB 5,600 million temporarily used for working capital[77]. - The company has invested RMB 17,556.6 million in the smart high-frequency switch power supply industrial park project, with a completion rate of 92.20%[72]. - The company has a total of RMB 103,588,655.39 in restricted assets, primarily due to structured deposits and bank guarantees[68]. - The company has a diversified portfolio of entrusted wealth management products across multiple banks[86]. - The company is focusing on low-risk investment strategies to ensure capital preservation and steady returns[86]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[107]. - The company has a structured approach to managing shareholder communications and ensuring compliance with regulatory requirements[120]. - The company has committed to maintaining a robust risk management framework to mitigate potential losses in its investment portfolio[86]. - The company has established conditions under which cash dividends may not be distributed, including negative net cash flow or significant future investment plans[124]. - The company’s board of directors is responsible for determining the specific cash dividend ratio based on the company's development stage and financial conditions[124]. Risks and Compliance - The company faces risks related to industry policy changes, raw material price fluctuations, and market competition, which could impact profitability[95][96][97]. - The company emphasizes the importance of R&D to maintain core competitiveness and mitigate risks associated with new product development[98][99]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[110]. - The company actively fulfills its social responsibilities and maintains good communication with shareholders and stakeholders[111]. Future Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends and user acquisition strategies[121]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on enhancing product features and user experience[121]. - The company is considering strategic acquisitions to enhance its technology capabilities, with a budget of up to 500 million RMB for potential targets[121].

Financial Performance - The company's operating revenue for 2020 was ¥265,649,877.86, a decrease of 8.21% compared to ¥289,420,348.65 in 2019[16]. - The net profit attributable to shareholders for 2020 was ¥28,384,291.44, representing a significant increase of 232.46% from a loss of ¥21,428,449.62 in 2019[16]. - The net cash flow from operating activities was ¥39,995,220.17, down by 29.98% from ¥57,123,776.14 in the previous year[16]. - The basic earnings per share for 2020 was ¥0.1979, compared to a loss of ¥0.1494 per share in 2019, marking a 232.46% improvement[16]. - The total assets at the end of 2020 were ¥926,196,289.39, a decrease of 6.15% from ¥986,866,129.13 at the end of 2019[16]. - The net assets attributable to shareholders increased by 3.47% to ¥720,263,565.35 at the end of 2020, up from ¥696,131,346.11 in 2019[16]. - The company reported a significant reduction in net profit after deducting non-recurring gains and losses, with a net loss of ¥3,326,110.41 in 2020 compared to a loss of ¥37,392,208.53 in 2019, an improvement of 91.10%[16]. - The weighted average return on equity for 2020 was 4.00%, a recovery from -3.09% in 2019[16]. - The company's total operating costs in 2020 were ¥178,585,517.06, a decrease of 9.66% from ¥197,662,031.10 in 2019[77]. Revenue Breakdown - The revenue from the electric vehicle industry was ¥125,729,766.13, representing 47.33% of total revenue, down 25.22% from ¥168,143,102.92 in 2019[69]. - The revenue from the other power supply industry increased by 57.41% to ¥53,265,027.94, compared to ¥33,838,531.16 in 2019[69]. - The sales volume in the electric power industry increased by 13.14% to 44,795 units, while the sales volume in the electric vehicle industry decreased by 25.72% to 56,119 units[73]. - The company maintained a gross margin of 40.87% in the electric power industry, which is a decrease of 0.40% from the previous year[72]. R&D and Innovation - R&D investment for 2020 was ¥52.55 million, accounting for 19.78% of operating revenue, a slight decrease of 2.04% from 2019[61]. - As of December 31, 2020, the company had 176 R&D personnel, representing 35.63% of total employees[50]. - The company focuses on optimizing technologies and applications for DC operation power supplies and fast charging power supplies[58]. - The company is committed to expanding its market presence and improving its product offerings through ongoing research and development efforts[66]. - The company plans to continue product upgrades in automotive charging power products, focusing on optimizing performance indicators such as power density and output power range[46]. Market and Competitive Landscape - The company highlighted potential risks in its future operations, which investors should be aware of[4]. - The competitive landscape in the electric vehicle charging industry is intensifying, prompting the company to expand its market share through product innovation and comprehensive solutions[126]. - The company aims to leverage opportunities in the new infrastructure sector, particularly in electric vehicle charging and power electronics, to drive growth[116]. - The company is focused on developing high-performance power electronic products, including electric vehicle charging power supplies and high-voltage direct current communication power supplies[117]. Financial Management and Governance - The company is actively enhancing internal governance and compliance operations to protect investor interests[60]. - The company has not reported any significant discrepancies between financial data under international and Chinese accounting standards during the reporting period[20]. - The company has established a strict accounts receivable management system to mitigate the risk of bad debts, ensuring timely collection of payments from reputable clients[128]. - The company is committed to strengthening its management structure and governance to adapt to its expanding scale and operational complexity[129]. Shareholder and Dividend Policies - The company did not propose any cash dividends for 2020, maintaining a cash dividend ratio of 0.00%[138]. - The profit distribution plan for 2020 includes a capital reserve increase of 1 share for every 10 shares held, based on a total share capital of 143,437,500 shares[134]. - The company has not distributed any cash dividends in the past three years, with the last cash dividend declared in 2018[138]. - The company plans to distribute at least 20% of its distributable profits in cash dividends annually, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profits[148]. Strategic Initiatives - The company plans to increase R&D investment and expand business channels in response to market demands and government initiatives[116]. - The company aims to enhance its talent acquisition and development strategy to meet rapid growth needs, focusing on attracting and nurturing leading talents in R&D, marketing, and management[120]. - The company is committed to sustainability initiatives, aiming for a 20% reduction in carbon footprint by 2025[180]. Operational Challenges - The company’s charging pile product orders decreased compared to the previous year due to intense market competition and rising raw material prices[45]. - The company faces risks from fluctuating raw material prices, which could impact gross margins and profitability, and plans to innovate and reduce costs to maintain margin stability[125]. - The net profit attributable to shareholders after deducting non-recurring gains was -6,629,978.77 in Q4, highlighting ongoing challenges in profitability[19]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion RMB[143]. - Future guidance suggests a revenue target of 500 million for 2021, representing a 10% increase from 2020[178]. - The company plans to enter new international markets, targeting a 5% market share within the first year of entry[178].