Financial Performance - The company's operating revenue for the first half of 2020 was CNY 103,697,158.70, a decrease of 19.94% compared to CNY 129,525,019.92 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 5,385,962.84, an increase of 11.17% from CNY 4,844,790.16 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 1,241,376.64, down 55.28% from CNY 2,775,586.82 in the same period last year[19]. - The net cash flow from operating activities was CNY 35,943,588.03, a decrease of 8.34% compared to CNY 39,214,494.21 in the previous year[19]. - The total profit amounted to CNY 243,944.09, down 8.14% year-on-year[56]. - The company achieved total operating revenue of CNY 103,697,158.70, a decrease of 19.94% compared to the same period last year[56]. - The company's operating revenue decreased by 19.94% year-on-year to CNY 103,697,158.70, primarily due to the impact of the COVID-19 pandemic[68]. Earnings and Dividends - Basic earnings per share were CNY 0.0375, up 10.95% from CNY 0.0338 in the same period last year[19]. - Diluted earnings per share were also CNY 0.0375, reflecting the same increase of 10.95%[19]. - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[122]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 962,300,082.40, a decrease of 2.49% from CNY 986,866,129.13 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by 8.79% to CNY 191,219,945.42, attributed to investments in construction and land payments[75]. - The company's inventory increased by 2.30% to CNY 130,180,221.19, with no significant changes reported[75]. - The company's accounts receivable decreased by 6.80% to CNY 209,031,173.44, as a result of increased collection efforts[75]. - The company's short-term borrowings decreased by 1.18% to CNY 37,510,000.00, reflecting reduced bank borrowings during the period[75]. Research and Development - R&D investment for the first half of 2020 was CNY 21,093,315.18, accounting for 20.34% of operating revenue[51]. - Research and development (R&D) investment in the first half of 2020 was CNY 21,093,315.18, accounting for 20.34% of operating revenue, down 8.43% from CNY 23,034,827.69 in the same period of 2019[60]. - The company has 171 R&D personnel, representing 33.08% of the total workforce, ensuring a strong foundation for innovation[61]. - The company is committed to continuous innovation in core technologies to maintain stable gross margins despite market pressures[110]. Market and Product Strategy - The company plans to focus on high-performance products in the electric power electronics sector, particularly in electric vehicle charging and smart grid applications[38]. - The company aims to become a leading supplier of core power components and system solutions in China[38]. - The company emphasizes product customization to meet specific customer needs, enhancing resource allocation and maximizing benefits for both parties[30]. - The company plans to implement a new marketing strategy focusing on digital channels, aiming to increase online sales by 25%[100]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[125]. Financial Management - The company has a total of 500 million in idle funds with a yield of 3.22%[99]. - The company has engaged with multiple banks for its entrusted financial management, ensuring diversified investment sources[96]. - The company plans to continue its entrusted financial management activities in the future[96]. - The company has no overdue amounts in its entrusted financial management activities[96]. Governance and Compliance - The company emphasizes the importance of internal governance and compliance, enhancing transparency and investor relations through various communication channels[59]. - The company confirmed that there are no false records, misleading statements, or significant omissions in the prospectus, and it will bear corresponding legal responsibilities for the accuracy and completeness of the information provided[126]. - The company has established a commitment to avoid any business activities that may directly or indirectly compete with its main operations[127]. - The company is committed to ensuring that minority shareholders have sufficient opportunities to express their opinions and protect their legal rights[131]. Future Outlook - The company provided a future outlook, projecting a revenue growth of approximately 5% for the second half of 2020[100]. - The company provided a future outlook, projecting a revenue growth of 25% for the second half of 2020, driven by new product launches and market expansion[125]. - The company plans to enhance its market strategies and accelerate the promotion of new products in response to changes in industry policies and competition[109]. Legal and Regulatory Matters - The company reported a litigation case involving Zhangzhou Anshun New Energy Development Co., Ltd. with a disputed amount of approximately ¥23.85 million (about $3.67 million) and another case with Zhangzhou Huada New Energy Technology Co., Ltd. involving approximately ¥25.49 million (about $3.93 million)[138]. - The company has not engaged in any related party transactions during the reporting period[144]. - The company's half-year financial report has not been audited[136].

Financial Performance - Total revenue for Q1 2020 was ¥26,664,338.34, a decrease of 52.75% compared to ¥56,429,632.34 in the same period last year[7]. - Net profit attributable to shareholders was -¥2,137,168.61, representing a decline of 620.94% from a profit of ¥410,252.17 in the previous year[7]. - Basic and diluted earnings per share were both -¥0.0149, down 613.79% from ¥0.0029 in the same period last year[7]. - The company's operating revenue for the reporting period was CNY 26,664,338.34, a decrease of 52.75% compared to CNY 56,429,632.34 in the same period last year[17]. - The net profit attributable to shareholders was CNY -2,137,168.61, a decline of 620.94% from CNY 410,252.17 in the previous year[17]. - The company reported a net profit of ¥1,127,919.04 for the parent company, down from ¥3,780,531.54 in the previous period[59]. - Net profit for the current period is a loss of ¥4,352,993.40, compared to a loss of ¥1,828,150.21 in the previous period[54]. - The company's operating profit for the current period is a loss of ¥5,437,063.33, compared to a loss of ¥4,753,697.97 in the previous period[54]. Cash Flow - Net cash flow from operating activities improved to ¥17,358,383.87, a significant increase of 350.93% compared to -¥6,918,346.32 in Q1 2019[7]. - Cash inflow from operating activities totaled CNY 75,372,940.52, while cash outflow was CNY 58,014,556.65, resulting in a net cash flow of CNY 17,358,383.87[61]. - The company received CNY 1,885,680.88 in tax refunds, an increase from CNY 945,319.71 in the previous period[61]. - Cash inflow from investment activities was CNY 213,528,949.34, while cash outflow was CNY 250,411,856.18, leading to a net cash flow of negative CNY 36,882,906.84[62]. - The company reported a cash balance of CNY 114,188,110.94 at the end of the period, down from CNY 133,632,805.50 at the beginning[63]. - The total cash inflow from operating activities increased to CNY 69,078,536.48 from CNY 66,808,170.16 in the previous period[65]. - The company paid CNY 30,977,687.44 for goods and services, a decrease from CNY 36,436,556.24 in the previous period[65]. - The net cash flow from investment activities was negative CNY 37,159,857.33, compared to negative CNY 27,344,499.33 in the previous period[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥969,679,388.86, a decrease of 1.74% from ¥986,866,129.13 at the end of the previous year[7]. - Total liabilities decreased to CNY 245,521,274.62 from CNY 258,355,021.49, a reduction of about 4.9%[46]. - Total equity as of March 31, 2020, was CNY 724,158,114.24, slightly down from CNY 728,511,107.64, a decrease of approximately 0.5%[47]. - Current assets totaled CNY 687,232,053.62, down from CNY 705,477,134.85, indicating a decrease of about 2.5%[44]. - Cash and cash equivalents decreased to CNY 213,170,501.36 from CNY 242,707,435.63, a decline of approximately 12.2%[44]. - Accounts receivable decreased to CNY 204,600,388.96 from CNY 232,281,235.52, representing a decrease of about 11.9%[44]. - Inventory increased to CNY 124,877,740.48 from CNY 105,206,706.36, an increase of approximately 18.7%[44]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,122[11]. - The largest shareholder, Yin Wei, holds 45.08% of the shares, totaling 64,662,175 shares[11]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12]. Government Support and Subsidies - The company received government subsidies amounting to ¥102,660.53 during the reporting period[8]. Strategic Initiatives - The company plans to enhance market research and adjust strategies in response to potential changes in industry policies and market conditions[21]. - The company aims to maintain product gross margins by continuously innovating and launching high-value-added products[22]. - The company is expanding its market share in the electric power operation and automotive charging power module sectors, facing increasing competition[24]. - The company plans to mitigate raw material price volatility risks by improving product technology solutions and strengthening supply chain management[25]. - The company aims to enhance external expansion through investments, mergers, and acquisitions, having completed a 51% stake acquisition in Changsha Guangyi Converter Technology Co., Ltd. for RMB 68 million in 2018[28]. Project Updates - The company has announced a delay in fundraising investment projects related to the "Smart High-Frequency Switching Power Supply Industrialization Project" and "Smart High-Frequency Switching Power Supply R&D Center Project"[32]. - The smart high-frequency switch power supply industrialization project has a total investment commitment of RMB 23,500 million, with RMB 9,203.25 million invested, representing 39.16% of the planned progress[35]. - The smart high-frequency switch power supply R&D center project has a total investment commitment of RMB 7,500 million, with RMB 750.46 million invested, representing 10.01% of the planned progress[35]. - The company plans to adjust the expected usable status date of the projects from April 25, 2020, to October 25, 2020, due to delays in construction progress[36]. Compliance and Governance - There were no violations regarding external guarantees during the reporting period[38]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[39]. - The company has ensured that all disclosed information regarding raised funds is timely, truthful, accurate, and complete, with no violations in the use and management of raised funds[36].

Financial Performance - The company's operating revenue for 2019 was CNY 289,420,348.65, a decrease of 5.78% compared to CNY 307,191,244.53 in 2018[16] - The net profit attributable to shareholders was a loss of CNY 21,428,449.62, representing a decline of 278.40% from a profit of CNY 12,011,498.84 in the previous year[16] - The net cash flow from operating activities was CNY 57,123,776.14, a significant increase of 1,327.44% compared to a negative cash flow of CNY -4,653,901.11 in 2018[16] - The total assets at the end of 2019 were CNY 986,866,129.13, showing a slight increase of 0.22% from CNY 984,685,965.65 at the end of 2018[16] - The net assets attributable to shareholders decreased by 2.99% to CNY 696,131,346.11 from CNY 717,559,795.73 in 2018[16] - The diluted earnings per share for 2019 was CNY -0.1494, a decrease of 278.49% from CNY 0.0837 in 2018[16] - The company reported a quarterly revenue of CNY 95,563,931.96 in Q4 2019, which was the highest among the four quarters[18] - The net profit attributable to shareholders in Q4 2019 was a loss of CNY 26,692,857.60, significantly impacting the annual performance[18] - The company faced a substantial decline in net profit after deducting non-recurring gains and losses, with a loss of CNY 37,392,208.53 in 2019 compared to a profit of CNY 7,348,705.89 in 2018, a decrease of 608.83%[16] Research and Development - R&D investment in 2019 was ¥53.64 million, accounting for 18.53% of total revenue, an increase of 42.85% from ¥37.55 million in 2018[52][60] - The company has 163 R&D personnel, representing 31.90% of total employees, with a focus on high-frequency switching power supply technology[52] - The company plans to enhance its R&D efforts, focusing on product upgrades in power density, environmental adaptability, and output power range for electric vehicle charging products[36] - The company will continue to invest in R&D to achieve product intelligence, lightweight design, modularity, and platformization[120] - The company has identified the need to attract and cultivate talent in R&D, marketing, and management to support its rapid growth[121] Market and Product Strategy - The company focuses on the research, development, and sales of intelligent high-frequency switch power supplies and related products[26] - The product categories include electric power operation modules, electric vehicle charging modules, and auxiliary converters for rail transit[27] - The company aims to become a leading supplier of core power components and system solutions in the domestic market, focusing on electric vehicle charging power, power operation power, and auxiliary converter products[37] - The company plans to focus on the development of electric power electronic products, particularly in the fields of new energy vehicles, smart grids, and rail transit, to seize market opportunities[118] - The company aims to enhance its product offerings in electric vehicle charging power products and high-voltage direct current communication power products, targeting high reliability and performance[119] Financial Management - The company's financial expenses decreased by 56.71% to -4,560,743.02, primarily due to reduced interest income from idle funds[84] - Investment income increased by 205.56% to 1,285,944.64, mainly from returns on financial products purchased with self-owned funds[84] - The company's total operating costs in 2019 were 197,662,031.10, a slight increase from 191,989,917.67 in 2018[79] - The company's total revenue from sales in the new energy vehicle sector was 128,493,658.90, down from 133,749,763.85 in 2018, reflecting a 3.70% decrease[79] - The company reported a total of 11,300,000 RMB in outstanding balances for entrusted wealth management products[186] Shareholder and Dividend Policy - The company plans to increase its total share capital from 95,625,000 shares to 143,437,500 shares through a capital reserve transfer of 5 shares for every 10 shares held[146] - The cash dividend policy emphasizes a minimum cash distribution of 20% of the annual distributable profit when conditions are met[144] - The company did not distribute any cash dividends for the fiscal year 2018, with a total cash dividend amount of 0.00 RMB[146] - The company did not distribute profits or transfer reserves in 2019, with a net profit available for distribution to ordinary shareholders being positive but no cash dividend proposal made[149] - The company has maintained a stable profit distribution policy, focusing on reasonable and stable returns for investors while considering long-term sustainable development[140] Corporate Governance and Compliance - The company has established a stable core management team and governance structure to adapt to its expanding operations post-IPO[134] - The independent directors have fulfilled their responsibilities and provided independent opinions on the profit distribution proposals[145] - The company has not experienced any penalties or rectification issues during the reporting period[173] - The company has not engaged in any related party transactions during the reporting period[176] - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[175] Operational Challenges and Future Outlook - The company faced challenges in the new energy vehicle charging power market due to intensified competition and rapid product updates[60] - The company acknowledges the risk of policy changes affecting the electric vehicle industry, which could impact its profitability and market position[124] - The company is actively adjusting its market strategies based on industry policy trends to leverage its technological and product advantages[126] - The company has acknowledged the potential for increased infrastructure investment by the government to stabilize the economy post-pandemic, which may benefit its operations[116] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB[156]

深圳市英可瑞科技股份有限公司 2019 年第三季度报告全文 深圳市英可瑞科技股份有限公司 2019 年第三季度报告 2019-075 2019 年 10 月 1 深圳市英可瑞科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人尹伟、主管会计工作负责人孙晶及会计机构负责人(会计主管人 员)孙晶声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市英可瑞科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 970,768,303.23 | | 984,685,965.65 | -1.41% | | 归属于上市公司股东的净资产 | 7 ...

Financial Performance - Total revenue for the first half of 2019 was RMB 129,525,019.92, an increase of 6.55% compared to RMB 121,560,299.96 in the same period last year[18]. - Net profit attributable to shareholders decreased by 85.16% to RMB 4,844,790.16 from RMB 32,653,271.45 year-on-year[18]. - Net profit after deducting non-recurring gains and losses fell by 90.48% to RMB 2,775,586.82 from RMB 29,145,250.64 in the previous year[18]. - Basic and diluted earnings per share dropped by 85.15% to RMB 0.0338 from RMB 0.2276 year-on-year[18]. - The total profit decreased by 99.26% to CNY 265,557.59, while the net profit attributable to shareholders fell by 85.16% to CNY 4,844,790.16[56]. - The company reported a net loss for the first half of 2019, attributed to increased operational costs and expenses[195]. - The total comprehensive income for the first half of 2019 was CNY 1,819,432.46, a decrease of 94.6% from CNY 33,516,293.20 in the previous year[198]. Cash Flow and Assets - Operating cash flow improved significantly, with a net cash flow from operating activities of RMB 39,214,494.21, compared to a negative RMB 9,873,477.57 in the same period last year, representing a 497.17% increase[18]. - Total assets at the end of the reporting period were RMB 984,970,010.73, a slight increase of 0.03% from RMB 984,685,965.65 at the end of the previous year[18]. - Cash and cash equivalents were RMB 282,336,862.90, constituting 28.66% of total assets, down from 34.09% in the previous year[74]. - Accounts receivable decreased to RMB 280,919,438.89, representing 28.52% of total assets, a reduction of 2.65% compared to the previous year[74]. - The company's fixed assets decreased by 2.04% compared to the beginning of the period, primarily due to depreciation[48]. Research and Development - The company has increased its investment in R&D, with 142 R&D personnel accounting for 28.34% of the total workforce as of June 30, 2019[49]. - R&D expenses increased by 73.77% to CNY 23,034,827.69, compared to CNY 13,256,151.59 in the same period last year[59]. - The company emphasizes independent innovation and R&D, maintaining a focus on core technologies and customer-driven product upgrades[28]. - Investment in research and development increased by 20% in the first half of 2019, focusing on innovative technologies and new product development[118]. Market Strategy and Competition - The company plans to enhance its market competitiveness by integrating management platform, construction solutions, and products into a unified business model[35]. - The company is positioned to benefit from government policies aimed at accelerating the construction of electric vehicle charging infrastructure[34]. - The company faces risks related to declining gross margins due to increased competition and rising costs of raw materials[104]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2020[118]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends or issue bonus shares[5]. - The board has approved a dividend policy, with plans to distribute 30% of net profits to shareholders starting from the next fiscal year[120]. - The company maintains a stable profit distribution policy, prioritizing cash dividends over stock dividends, with a minimum cash dividend ratio of 20% of the distributable profit for the year[121]. - The company will provide online voting options for shareholders during the general meeting to facilitate participation in profit distribution decisions[121]. Legal and Compliance Matters - The company is involved in a lawsuit with Shenzhen Jinbotianhua Electric Engineering Co., Ltd. regarding a contract dispute, with an amount of 187.11 million CNY at stake[130]. - The company's half-year financial report has not been audited[127]. - There are no bankruptcy reorganization matters reported during the reporting period[129]. - The company has not issued any non-standard audit reports for the previous year[128]. Operational Challenges - The company acknowledges the risk of management challenges due to its expanding scale and will focus on improving governance and talent acquisition[110]. - The company emphasizes the importance of managing accounts receivable to mitigate the risk of bad debts, especially from its major clients[108]. - The company reported a significant asset impairment loss of RMB -1,104,266.17, representing -415.83% of total profit due to inventory write-downs[72].

Financial Performance - Total revenue for Q1 2019 was ¥56,429,632.34, representing a 24.68% increase compared to ¥45,259,930.09 in the same period last year[8] - Net profit attributable to shareholders decreased by 97.16% to ¥410,252.17 from ¥14,470,941.09 year-on-year[8] - Net profit after deducting non-recurring gains and losses was -¥1,359,465.98, a decline of 110.45% compared to ¥13,011,629.44 in the previous year[8] - Basic and diluted earnings per share fell by 97.16% to ¥0.0043 from ¥0.1513 year-on-year[8] - The company reported a 91.78% decrease in other income, primarily due to reduced software product tax refunds[20] - The net profit for Q1 2019 was a loss of CNY 1,828,150.21, compared to a net profit of CNY 14,470,941.09 in Q1 2018, indicating a substantial decline in profitability[51] - The total comprehensive income attributable to the parent company was CNY 410,252.17, down from CNY 14,470,941.09 in the previous year[56] Cash Flow - Net cash flow from operating activities was -¥6,918,346.32, a decrease of 274.48% from ¥3,965,227.64 in the same period last year[8] - The company experienced a 274.48% decline in cash flow from operating activities, resulting in a net outflow of ¥6,918,346.32[18] - The net cash flow from operating activities for the current period is 4,045,104.22, compared to 902,888.53 in the previous period, representing a significant increase[62] - Total cash inflow from operating activities is 66,808,170.16, up from 55,048,555.80 in the previous period, indicating a growth of approximately 21.5%[63] - Cash outflow from investing activities totaled 411,142,753.68, compared to 288,981,779.42 in the previous period, reflecting an increase of about 42.4%[64] - The net cash flow from investing activities is -27,344,499.33, an improvement from -104,453,680.16 in the previous period[63] - Cash inflow from financing activities is 28,550,000.00, with a net cash flow of 28,430,374.99 after outflows[64] - The ending cash and cash equivalents balance is 22,977,352.32, compared to 100,367,218.47 at the end of the previous period, showing a decrease of approximately 77%[64] Assets and Liabilities - Total assets at the end of the reporting period were ¥977,906,831.62, a decrease of 0.69% from ¥984,685,965.65 at the end of the previous year[8] - The total current assets decreased to CNY 786,109,118.95 from CNY 821,727,037.75, a decline of approximately 4.3%[41] - The total liabilities decreased to CNY 225,097,292.54 from CNY 230,048,276.36, a reduction of about 2.1%[42] - The total liabilities as of March 31, 2019, amounted to CNY 184,349,452.38, compared to CNY 160,043,757.26 at the end of 2018, showing an increase of 15%[47] Research and Development - Research and development expenses increased by 128.96% to ¥11,112,072.74, reflecting a significant investment in R&D[20] - Research and development expenses for Q1 2019 were CNY 11,112,072.74, significantly higher than CNY 4,853,184.80 in Q1 2018, indicating a focus on innovation[49] - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[54] Operational Strategy - The company plans to enhance its market strategy in response to potential changes in industry policies and competition[23] - The company is focused on maintaining product gross margins amid rising raw material costs and increasing market competition[24] - The company is enhancing its management structure and talent acquisition to cope with rapid expansion and increasing management pressure[27] - The company plans to strengthen external expansion through investments, mergers, and acquisitions to extend its business scope[26] - The company is committed to maintaining stable and independent management of acquired entities while integrating its operational mechanisms[27] Investments and Acquisitions - The company completed the acquisition of 51% of Changsha Guangyi Converter Technology Co., Ltd. for a total of RMB 68 million in 2018[26] - The company has invested a total of RMB 604.67 million from the raised funds in the current quarter, with a cumulative investment of RMB 10,543.83 million[31] - The company has achieved a 11.22% progress on the Smart High-Frequency Power Supply Industrialization Project, with a total investment of RMB 2,637.76 million as of April 25, 2020[31] - The company won the land use rights for T501-0096 plot with a bid of RMB 986 million on February 22, 2019[28] Other Key Metrics - Prepaid accounts increased by 157.95% to ¥4,814,611.55 due to an increase in equipment payments[16] - Other current assets decreased by 62.81% to ¥15,528,596.80 primarily due to the maturity and recovery of financial products[16] - Other non-current assets surged by 696.85% to ¥28,553,268.12, mainly due to increased land payments[16] - The company incurred a financial expense of CNY -2,118,251.94, which includes interest expenses of CNY 119,625.01[54] - The gross profit margin for the quarter was approximately 33.2%, calculated from the operating revenue and cost of goods sold[54]

Financial Performance - The company's operating revenue for 2018 was CNY 307,191,244.53, a decrease of 19.27% compared to CNY 380,495,152.89 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 12,011,498.84, down 85.74% from CNY 84,231,784.24 in the previous year[16] - The net profit after deducting non-recurring gains and losses was CNY 7,348,705.89, a decline of 90.74% from CNY 79,335,401.17 in 2017[16] - The basic earnings per share for 2018 was CNY 0.13, down 86.60% from CNY 0.97 in 2017[16] - Operating profit was CNY 11,794,529.03, down 87.28% year-on-year, while total profit decreased by 82.97% to CNY 16,621,069.36[57] - The company recognized goodwill impairment of CNY 15,245,600, which impacted net profit for the reporting period[57] - The company's net profit available for distribution to ordinary shareholders was RMB 192,105,159.31, with a cash dividend total of RMB 0.00, representing 0.00% of the total profit distribution[147] Assets and Liabilities - The total assets at the end of 2018 were CNY 984,685,965.65, an increase of 8.35% from CNY 908,838,719.64 at the end of 2017[16] - The net assets attributable to shareholders at the end of 2018 were CNY 717,559,795.73, a slight increase of 0.94% from CNY 710,860,796.89 in 2017[16] - The company's total restricted assets reached ¥79,833,358.69, primarily due to short-term loan collateral[97] - The company reported an asset impairment of ¥43.07 million, which constituted 259.12% of total profit, indicating significant challenges in receivables and goodwill[92] - The company’s cash and cash equivalents stood at ¥6,003,316.69, with part of it used as a bank acceptance bill margin[97] Research and Development - The company invested RMB 37.55 million in R&D in 2018, representing 12.22% of its revenue, a 48.13% increase from RMB 25.35 million in 2017[50] - The company is focusing on the development of high-power efficient electric vehicle charging power products and DC-DC power supplies, accelerating R&D progress[36] - The company launched several new products, including a 750VDC input 3KW inverter power supply and a portable vehicle-mounted charger with 3.3KW and 6.6KW platforms[86] - Research and development expenses increased by 48.13% to CNY 37,550,132.61, driven by enhanced R&D efforts and the consolidation of Changsha Guangyi[84] Market and Competition - The company faced significant risks in future operations as outlined in the report, which investors should be aware of[4] - The company’s charging pile product orders decreased due to intense market competition and fluctuations in private charging station construction[36] - The company recognizes the risk of declining gross margins due to increased competition in the electric vehicle charging infrastructure sector and aims to innovate continuously to maintain profitability[127] Strategic Initiatives - The company plans to expand its product offerings in electric vehicle charging power modules and special power supplies, aiming to become a leading domestic supplier[37] - The company aims to optimize its technology and strengthen operational advantages to maintain a positive growth trend[38] - The company plans to invest CNY 23,500,000 in the smart high-frequency switch power supply industrialization project, with 40% allocated to the Longgang Industrial Park construction[61] - The company is actively promoting the "Intelligent High-Frequency Power Supply Industrialization Project" and the "Intelligent High-Frequency Power Supply R&D Center Project" to ensure timely project progress[108] Profit Distribution and Dividends - The company emphasizes a stable profit distribution policy, aiming for a minimum cash dividend of 20% of the distributable profit each year when conditions are met[144] - In 2018, the company did not distribute any cash dividends, maintaining a cash dividend of RMB 0.00 per 10 shares, while proposing a capital increase of 5 shares per 10 shares, leading to a total share capital increase to 143,437,500 shares[149] - The profit distribution plan for 2018 requires approval from the annual general meeting of shareholders before implementation[149] - The company's cash dividend policy requires that cumulative cash distributions over three years should not be less than 30% of the average annual distributable profit[144] Acquisitions and Subsidiaries - The company acquired 51% of Changsha Guangyi Converter Technology Co., Ltd. for a total of RMB 68 million, enhancing its business scope and core competitiveness[38] - The company established a wholly-owned subsidiary, Shenzhen Deep Rui Information Technology Co., Ltd., with an investment of ¥10 million in August 2018[68] - The company completed the cash acquisition of 51% equity in Changsha Guangyi Converter Technology Co., expanding its consolidation scope to include this new subsidiary[165] Governance and Compliance - The company has established a structured governance framework to ensure effective management and coordination as it expands[134] - The independent directors fulfilled their responsibilities and ensured that minority shareholders had opportunities to express their opinions[146] - The company has not experienced any significant changes in project feasibility or the use of raised funds[108] - The company has disclosed that there are no issues or violations regarding the use and management of raised funds[110] Social Responsibility and Employee Welfare - The company actively engages in social responsibility initiatives, including environmental protection and promoting sustainable development[196] - The company emphasizes employee welfare by providing comprehensive insurance and promoting a harmonious work environment[196] - The company has implemented training programs to enhance employee skills and knowledge[195]

深圳市英可瑞科技股份有限公司 2018 年第三季度报告全文 深圳市英可瑞科技股份有限公司 2018 年第三季度报告 2018-070 2018 年 10 月 1 深圳市英可瑞科技股份有限公司 2018 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人尹伟、主管会计工作负责人孙晶及会计机构负责人(会计主管人 员)孙晶声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市英可瑞科技股份有限公司 2018 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 960,409,805.44 | | 908,838,719.64 | 5.67% | | 归属于上市公司股东的净资产 | 74 ...

Financial Performance - Operating revenue for the reporting period was ¥89,104,816.53, representing a decrease of 35.70% year-on-year[8] - Net profit attributable to shareholders was ¥9,648,329.76, down 69.74% compared to the same period last year[8] - Basic earnings per share were ¥0.10, a decline of 76.19% year-on-year[8] - The weighted average return on net assets was 1.30%, down 87.98% from the previous year[8] - Cash flow from operating activities showed a net outflow of ¥25,783,231.02, a decrease of 165.90% compared to the same period last year[8] - Total operating revenue for the current period is ¥89,104,816.53, a decrease of 35.6% from ¥138,575,517.41 in the previous period[34] - Net profit for the current period is ¥9,614,977.82, a decline of 69.9% compared to ¥31,885,273.78 in the previous period[36] - The company reported a net profit increase, with retained earnings growing to CNY 224.65 million from CNY 187.66 million, a rise of approximately 19.7%[29] - The company reported a total profit for the third quarter of CNY 46,343,253.18, a decrease of 43.7% from CNY 82,318,253.60 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period reached ¥960,409,805.44, an increase of 5.67% compared to the previous year[8] - Total current liabilities decreased to CNY 184.42 million from CNY 197.98 million, a reduction of approximately 6.8%[29] - Total non-current assets increased to CNY 145.96 million from CNY 52.82 million, a significant rise of approximately 176.5%[28] - Deferred income tax assets increased by 166.57% to ¥10,076,968.90, primarily due to the consolidation of Guangyi Power's financials[17] - The company reported a cash and cash equivalents balance of 37,790,528.32 CNY at the end of the period, down from 86,136,996.03 CNY in the previous period[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,470,889[12] - The largest shareholder, Yin Wei, holds 45.08% of the shares, totaling 43,108,117 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Research and Development - Research and development expenses increased by 86.33% to ¥25,792,954.13, reflecting higher investment in R&D by the company and its subsidiary Guangyi Power[18] - R&D expenses for the year-to-date period increased to ¥25,792,954.13, up 86.0% from ¥13,842,365.61 in the previous year[43] - Research and development expenses increased to CNY 22,310,991.27, up 71.0% from CNY 12,982,355.29 year-over-year, indicating a focus on innovation[47] Cash Flow and Investments - The company reported a cash flow from operating activities net loss of CNY 25,783,231.02, contrasting with a net gain of CNY 39,124,797.06 in the same quarter last year[49] - Total cash inflow from investment activities was 934,345,665.17 CNY, while cash outflow was 1,056,383,306.33 CNY, resulting in a net cash flow of -122,037,641.16 CNY from investment activities[53] - Cash inflow from financing activities was 7,650,000.00 CNY, while cash outflow totaled 22,590,591.30 CNY, leading to a net cash flow of -14,940,591.30 CNY from financing activities[53] - The company received 8,209,290.17 CNY in investment income during the period, compared to 537,103.46 CNY in the previous period, showing a substantial increase[53] Future Plans - The company plans to increase its registered capital in Shenzhen Yingyuan Power Technology Co., Ltd. from ¥5 million to ¥30 million, maintaining a 100% ownership stake[19] - The company approved a proposal to establish a wholly-owned subsidiary with an investment of ¥10 million in Shenzhen Shenrui Information Technology Co., Ltd.[20] - The company plans to expand its market presence and invest in new product development to drive future growth[30] - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to strengthen its market position[30]

Financial Performance - Total revenue for the first half of 2018 was CNY 121,560,299.96, a decrease of 13.20% compared to CNY 140,050,483.67 in the same period last year[18]. - Net profit attributable to shareholders was CNY 32,653,271.45, down 13.17% from CNY 37,607,650.47 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was CNY 29,145,250.64, representing an 18.62% decline from CNY 35,812,686.01 in the previous year[18]. - The net cash flow from operating activities was negative CNY 9,873,477.57, a significant decrease of 162.12% compared to CNY 15,894,093.36 in the same period last year[18]. - Basic earnings per share decreased by 30.61% to CNY 0.34 from CNY 0.49 in the previous year[18]. - The company reported a total profit of ¥36,049,177.35, a decrease of 16.12% compared to the same period last year[48]. - The company reported a net profit margin of 18.5%, reflecting a stable financial performance amidst market fluctuations[83]. - The company reported a total current asset of CNY 813.13 million, down from CNY 856.02 million, a decline of approximately 5%[167]. - The company reported a total of CNY 27,340,000.0 in other comprehensive income[190]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 956,789,612.41, an increase of 5.28% from CNY 908,838,719.64 at the end of the previous year[18]. - The company’s total assets increased significantly, with cash and cash equivalents representing 34.09% of total assets, up from 18.55% in the previous year[65]. - The total amount of cash and cash equivalents decreased by 1,074.75% to CNY -141,515,967.72, mainly due to the purchase of structured deposits with idle raised funds[57]. - The company’s total liabilities amounted to CNY 191.37 million, a decrease from CNY 197.98 million, reflecting a decline of about 3.4%[168]. - The company’s retained earnings increased to CNY 215.35 million from CNY 189.86 million, an increase of approximately 13.4%[173]. Investments and Acquisitions - The company acquired 51% of Changsha Guangyi Converter Technology Co., Ltd. for CNY 68 million, making it a subsidiary[35]. - The company plans to invest in the smart high-frequency switching power supply industrialization project and the R&D center, with a total investment of ¥68,000,000 for acquiring 51% of Guangyi Power Conversion[53]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market presence, with a budget allocation of 1,200 million for this initiative[84]. - The company completed the acquisition of 51% equity in Changsha Guangyi Converter Technology Co., Ltd. for a total of RMB 68 million, aiming to enhance its business scale and capabilities[99]. Research and Development - The company plans to enhance its R&D efforts, particularly in high-power efficient automotive charging power products and DC-DC power supplies[34]. - The R&D team consists of 69 members, accounting for 26.64% of the total workforce, focusing on innovative product development[42]. - Research and development expenses increased by 58.65% to CNY 12,168,563.78, reflecting the company's commitment to enhancing its R&D capabilities[57]. - The company is committed to enhancing its research and development capabilities to maintain its competitive edge in the technology-intensive industry[96]. Market Strategy and Expansion - The company aims to expand its market presence in electric vehicle charging and power operation modules, targeting high-performance product development[35]. - The company is focused on expanding its market share in power supply modules and automotive charging systems, despite facing intensified market competition[94]. - Market expansion plans include entering three new international markets by the end of 2018, targeting a 10% market share in each[84]. - The company is considering strategic acquisitions to enhance its technology capabilities, with a budget of 500 million RMB earmarked for potential deals[110]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends or issue bonus shares[5]. - The board has approved a dividend policy that ensures a minimum payout ratio of 30% of net profits, reinforcing its commitment to shareholder returns[110]. - The company plans to distribute cash dividends of RMB 1.00 per share, totaling RMB 5,312,500, and will increase its total share capital to 95,625,000 shares after a capital reserve conversion of 8 shares for every 10 shares held[144]. - The company has a cash dividend policy that allows for mid-term cash dividends under certain conditions, including profitability and positive cash flow[111]. Operational Efficiency - The company has implemented cost-cutting measures that are expected to reduce operational expenses by 5% in the upcoming fiscal year[84]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization initiatives[110]. - The company has established long-term partnerships with suppliers to improve manufacturing processes and reduce procurement costs[43]. Compliance and Governance - The company emphasizes compliance with regulatory requirements and transparency in its financial reporting practices to maintain investor confidence[110]. - The company committed to ensuring that its application documents do not contain false records, misleading statements, or significant omissions, and will bear legal responsibility for their authenticity, accuracy, completeness, and timeliness[108]. - The company will ensure that all documents related to its initial public offering are accurate and complete, and will bear legal responsibility for any discrepancies[108]. Risks and Challenges - The company faces risks related to declining gross margins due to increased competition and rising costs of raw materials, necessitating ongoing innovation and cost management[93]. - The company is actively monitoring raw material price fluctuations to manage production costs effectively[95]. - The company is addressing management risks associated with its rapid expansion and the need for effective governance and talent acquisition[100].