Financial Performance - The company's operating revenue for 2019 was CNY 596,468,911.96, a decrease of 16.82% compared to CNY 717,061,633.99 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 27,041,348.98, down 67.21% from CNY 82,457,304.84 in the previous year[16] - Basic earnings per share decreased by 70.00% to CNY 0.24 from CNY 0.80 in 2018[16] - The total assets at the end of 2019 were CNY 1,534,802,750.85, a decrease of 11.97% from CNY 1,743,516,548.11 at the end of 2018[16] - The net profit attributable to shareholders was CNY 27,041,348.98, down 67.21% year-on-year, with basic earnings per share of CNY 0.24, a decline of 70%[48] - The company's product sales volume was 238,900 units, a decrease of 17.28% year-on-year, influenced by a decline in overall new energy vehicle sales in China[48] - The company's comprehensive gross margin for 2019 was 18.10%, a decrease of 8.65 percentage points compared to 2018, primarily influenced by raw material prices and product pricing pressures[116] Cash Flow and Investments - The net cash flow from operating activities was negative CNY 49,358,437.64, an improvement of 82.29% compared to negative CNY 278,696,429.89 in 2018[16] - The net cash flow from operating activities was CNY 21,341,992.08, a decrease of CNY 112,232,659.61 compared to the previous year[19] - The net cash flow from investment activities was ¥85,649,610.32, a substantial increase of 227.05% year-over-year[75] - The company reported a total of ¥52,067,391.35 in other income, a 188.36% increase, primarily from government subsidies and software tax refunds[78] - The company has committed to invest RMB 14,144.52 million in the new energy vehicle power supply project, with a completion rate of 93.04% as of December 31, 2019[91] Research and Development - The company’s R&D investment in 2019 amounted to approximately CNY 76.12 million, with a strong focus on upgrading new energy vehicle onboard power supply products[39] - The company holds a total of 17 invention patents, 230 utility model patents, 28 design patents, and 378 software copyrights, ranking among the top in the industry[39] - Research and development expenses amounted to ¥76.12 million, representing 12.76% of total revenue, with a focus on high-performance and integrated design products[70] - The company is involved in multiple key national and provincial research projects related to new energy vehicle technology, demonstrating its commitment to innovation[40] - The company has developed multiple proprietary technologies and holds several patents, which are crucial for maintaining a competitive edge in the rapidly evolving market[111] Market Position and Strategy - The company specializes in the research, production, and sales of on-board power supplies for new energy vehicles, including DC/DC converters and on-board chargers[26] - The company operates a direct sales model primarily targeting new energy vehicle manufacturers and their integration suppliers[32] - The company is recognized as a leading player in the on-board power supply segment of the new energy vehicle market, emphasizing continuous innovation[34] - The new energy vehicle industry in China is expected to have over 20% market share by 2025, indicating significant growth potential[35] - The company has successfully transitioned from policy-driven growth to market-driven growth in the new energy vehicle sector[35] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.25 per 10 shares to all shareholders[4] - The cash dividend for 2018 was RMB 9,160,988.16, which was 11.11% of the net profit attributable to ordinary shareholders[123] - The company maintained a consistent dividend distribution policy over the past three years, with no changes to the cash dividend policy during the reporting period[121] - The company is in a growth phase and has significant capital expenditure plans, ensuring that cash dividends remain at a minimum of 20% of profits[122] - The company plans to distribute at least 10% of the annual distributable profit in cash dividends, ensuring a sustainable and stable return to shareholders[144] Risks and Challenges - The company faces risks related to accounts receivable collection, as the increasing competition in the new energy vehicle industry may affect the cash flow and working capital[113] - The company anticipates potential declines in overall industry gross margins due to the pressure from automakers to reduce component prices[116] - The company recognizes potential funding bottlenecks as a major constraint to achieving its future development plans[106] - The company is actively monitoring changes in industry policies to adjust its operational strategies and mitigate risks associated with policy shifts[108] - The company plans to strengthen its supply chain management to address risks related to raw material price fluctuations and supply shortages[114] Shareholder Structure - The total number of shares is 114,512,300, with 75% being limited shares and 25% being unrestricted shares[182] - The company has seen a reduction of 35,588,500 limited shares, resulting in a new total of 50,293,830 limited shares[182] - The total number of shares held by major shareholders includes 35,259,533 shares (30.79%) held by Wu Renhua, and 5,536,764 shares (4.84%) held by Shenzhen Qistai Technology Co., Ltd.[185] - The company has a total of 85,882,352 shares, with 50,293,837 shares released from restrictions during the reporting period[185] - The company has a total of 2,225,419 shares held by the vice chairman and general manager, Mao Liping[200] Corporate Governance - The independent directors played a crucial role in the decision-making process regarding the profit distribution plan, ensuring the protection of minority shareholders' rights[120] - The company has committed to avoiding any related party transactions unless necessary for normal business operations, ensuring compliance with regulatory standards[145] - The company’s board of directors has confirmed that all commitments made to minority shareholders have been fulfilled[146] - The company has not engaged in any significant contracts or major matters during the reporting period[171][178] - The company has not faced any penalties or rectification requirements during the reporting period[156]

Financial Performance - Operating revenue for the reporting period was CNY 84,804,143.13, down 46.61% year-on-year [7]. - Net profit attributable to shareholders was a loss of CNY 1,076,077.52, a decline of 108.91% compared to the same period last year [7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 7,932,156.52, a decrease of 203.10% year-on-year [7]. - The basic earnings per share for the reporting period was -CNY 0.01, a drop of 110.00% compared to the same period last year [7]. - The weighted average return on net assets was -0.10%, a decrease of 114.49% year-on-year [7]. - The net profit for the third quarter of 2019 was CNY 21.41 million, a decrease of 61.65% compared to CNY 55.83 million in the same period last year [19]. - Operating income decreased by 62.34% year-on-year, resulting in an operating profit of CNY 22.29 million [19]. - The net profit for Q3 2019 was a loss of ¥1,076,077.52, compared to a profit of ¥12,072,167.47 in Q3 2018, indicating a significant decline [39]. - The net profit for Q3 2019 was CNY 1,166,074.14, compared to CNY 12,771,628.35 in the previous year, indicating a substantial decline [42]. - The total comprehensive income for Q3 2019 was CNY 23,259,399.47, a decrease of 59% from CNY 56,751,811.59 year-over-year [50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,624,257,637.35, a decrease of 6.84% compared to the end of the previous year [7]. - The company's current assets totaled CNY 1,387,220,129.87, down from CNY 1,587,468,305.81 at the end of 2018, indicating a decline of approximately 12.6% [29]. - Total liabilities decreased to CNY 521,237,450.45 from CNY 663,853,699.96, marking a reduction of about 21.4% [30]. - The total liabilities decreased by 58.05% for short-term borrowings, amounting to CNY 23.34 million, down from CNY 55.64 million [18]. - The company's equity attributable to shareholders increased to CNY 1,103,020,186.90 from CNY 1,079,662,848.15, showing a growth of approximately 2.2% [31]. - The company's total assets decreased to ¥1,627,634,094.15 from ¥1,744,282,869.04, a reduction of 6.7% [36]. - Total liabilities decreased to ¥521,427,370.53 from ¥660,940,258.34, representing a decline of 21.1% [36]. - The total equity increased to ¥1,106,206,723.62 from ¥1,083,342,610.70, showing a growth of 2.1% [36]. Cash Flow - The net cash flow from operating activities for the year-to-date was -CNY 95,920,714.00, down 49.37% compared to the previous year [7]. - The cash flow from operating activities showed a net outflow of CNY -95,920,714.00, an improvement from CNY -189,462,645.75 in the same period last year [54]. - The net cash flow from operating activities was -90,115,168.33 CNY, compared to -189,059,216.37 CNY in the same period last year, indicating an improvement [57]. - The total cash inflow from investment activities was 759,239,239.86 CNY, up from 438,838,781.98 CNY year-over-year, resulting in a net cash flow from investment activities of 104,153,922.79 CNY [57]. - The net cash flow from financing activities was -42,140,195.79 CNY, a significant decrease from 365,260,920.93 CNY in the previous year [58]. Shareholder Information - The company reported a total of 16,507 common shareholders at the end of the reporting period [11]. - The largest shareholder, Wu Renhua, holds 30.79% of the shares, amounting to 35,259,533 shares, which are pledged [11]. - The company did not engage in any repurchase transactions during the reporting period [12]. - There were no overdue commitments from major shareholders or related parties during the reporting period [23]. Research and Development - The company's development expenditures rose by 277.31% to CNY 28.26 million, reflecting increased investment in R&D projects [18]. - Research and development expenses for Q3 2019 were ¥11,756,394.19, slightly down from ¥12,333,940.87 in the previous year [38]. - Research and development expenses for the year-to-date period were CNY 36,953,668.20, down from CNY 41,143,578.52 in the previous year [43]. Other Financial Metrics - The company's financial expenses improved significantly, with a net financial income of CNY 1.37 million compared to a financial expense of CNY 1.27 million in the previous year [19]. - The company reported a significant increase in other income to ¥14,234,870.52 from ¥7,358,278.12, marking an increase of 93.5% [38]. - The company experienced a financial expense of CNY -782,719.17 in Q3 2019, compared to CNY 1,768,656.01 in the previous year [41]. - The company's financial expenses for Q3 2019 were CNY -1,362,432.77, compared to CNY 1,276,329.56 in the same period last year [49].

Financial Performance - Total revenue for the first half of 2019 was CNY 341,617,205.51, representing a 15.69% increase compared to CNY 295,276,852.57 in the same period last year[17]. - Net profit attributable to shareholders decreased by 48.61% to CNY 22,489,253.82 from CNY 43,760,089.67 year-on-year[17]. - Net profit after deducting non-recurring gains and losses fell by 48.88% to CNY 12,588,659.31 compared to CNY 24,624,616.29 in the previous year[17]. - Basic and diluted earnings per share decreased by 58.33% to CNY 0.200 from CNY 0.480 year-on-year[17]. - The weighted average return on equity was 2.04%, down from 5.66% in the previous year, a decrease of 3.62%[17]. - The gross margin decreased by 11.64 percentage points due to price reductions in response to cost-cutting pressures from downstream manufacturers[51]. - The company reported a total comprehensive income of RMB 43,980,183.24 for the current period[181]. - The total comprehensive income for the first half of 2019 was CNY 22.09 million, down from CNY 43.98 million in the first half of 2018, indicating a decline of approximately 50%[156]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 16,311,945.61, compared to a negative CNY 130,087,487.40 in the same period last year[17]. - The company reported a net increase in cash and cash equivalents of RMB 26,736,456.39, down 89.87% from RMB 263,831,075.35 in the previous year, mainly due to fundraising received last year[58]. - The operating cash flow for the first half of 2019 was CNY 16.31 million, a turnaround from a negative cash flow of CNY -130.09 million in the same period of 2018[159]. - The total cash inflow from investment activities in the first half of 2019 was CNY 382.26 million, compared to CNY 327.82 million in the first half of 2018, showing an increase of about 16.5%[159]. - The cash outflow for investment activities in the first half of 2019 was CNY 362.33 million, compared to CNY 251.71 million in the same period of 2018, reflecting an increase of approximately 43.9%[159]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,764,797,869.27, a 1.22% increase from CNY 1,743,516,548.11 at the end of the previous year[17]. - Total liabilities decreased to CNY 660,701,604.85 from CNY 663,853,699.96, indicating a reduction of about 0.3%[143]. - The company's total assets included cash and cash equivalents of RMB 177,595,372.50, accounting for 10.06% of total assets, down from 30.40% the previous year[63]. - The company reported a decrease in accounts receivable to CNY 523,775,312.37 from CNY 428,024,728.68, which is an increase of about 22.4%[140]. - The company's inventory increased to CNY 314,680,608.40 from CNY 298,684,735.36, reflecting a growth of approximately 5.3%[141]. Research and Development - Development expenditures increased by 154.34%, attributed to a rise in capitalized R&D spending during the reporting period[37]. - The company’s R&D investment reached ¥36,755,311.59 in the first half of 2019, reflecting its commitment to innovation[40]. - Research and development expenses rose by 19.51% to RMB 36,755,311.59, reflecting increased investment in R&D activities[58]. - The company has a total of 15 invention patents, 142 utility model patents, and 16 design patents in the field of electric vehicle power supplies[40]. Market and Competition - The new energy vehicle subsidy policy in China is gradually declining, leading to increased competition and pressure on component suppliers to improve cost-effectiveness[36]. - The company operates a direct sales model primarily targeting new energy vehicle manufacturers and their integration suppliers, providing customized product solutions[30]. - The company is recognized as a leading enterprise in the onboard power supply segment of the new energy vehicle market, adhering to the development philosophy of continuous innovation[32]. - The company faces risks from intensified market competition in the electric vehicle industry, necessitating continuous improvement in technology and operational efficiency to maintain competitiveness[83]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,604[126]. - Wu Renhua holds 30.79% of the shares, totaling 35,259,533 shares, with no changes during the reporting period[126]. - The total number of restricted shares at the end of the period was 56,176,189, with 29,706,163 shares released during the reporting period[124]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[128]. Corporate Governance - The financial report for the first half of 2019 was not audited, which may affect the reliability of the financial data presented[138]. - The company has not experienced any changes in its board of directors or senior management during the reporting period[133]. - The financial report was approved by the board of directors on August 28, 2019[189]. Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company aims to mitigate the risk of declining sales prices for onboard power products by increasing R&D efforts and improving production efficiency[84]. - The company plans to maintain product gross margin stability through technological advancements and economies of scale[85].

证券代码：300745 证券简称：欣锐科技 公告编号：2019-065 深圳欣锐科技股份有限公司 关于参加 2019 年深圳上市公司投资者网上集体接待日 活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳欣锐科技股份有限公司（以下 简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办 的"改革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资者网上 集体接待日主题活动，现将有关事项公告如下：本次集体接待日活动将在深圳市 全景网络有限公司提供的网上平台，采取网络远程的方式举行，投资者可以登录 "全景•路演天下"网站（http://rs.p5w.net/）或关注微信公众号：全景财经， 参与公司本次投资者集体接待日活动，活动时间为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司的董事会秘书罗丽芳、财务总监何兴泰将通过网络文字交流形式与 投资者进行沟通。 欢迎广大投资者积极参与。 深圳欣锐科技股份有限公司 董事会 2019 年 8 月 28 日 1 ...

Financial Performance - The company's operating revenue for 2018 was CNY 717,061,633.99, representing a 46.14% increase compared to CNY 490,665,098.11 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 82,457,304.84, a decrease of 9.88% from CNY 91,496,814.62 in 2017[18]. - The net profit after deducting non-recurring gains and losses was CNY 56,803,871.69, down 26.38% from CNY 77,157,279.00 in the previous year[18]. - The company's cash flow from operating activities was negative at CNY -278,696,429.89, a decline of 296.31% compared to CNY 141,967,104.97 in 2017[18]. - Basic earnings per share for 2018 were CNY 0.800, a decrease of 25.23% from CNY 1.070 in 2017[18]. - Total assets at the end of 2018 reached CNY 1,743,516,548.11, a 55.34% increase from CNY 1,122,388,593.40 at the end of 2017[18]. - The net assets attributable to shareholders increased by 54.22% to CNY 1,079,662,848.15 from CNY 700,071,519.19 in 2017[18]. - The weighted average return on net assets decreased to 9.01%, down 4.97 percentage points from 13.98% in 2017[18]. - The gross profit margin for the new energy vehicle sector was 26.74%, down 11.93% from the previous year[71]. - The company's comprehensive gross profit margin for 2018 was 26.74%, a decrease of 11.93 percentage points compared to 2017, primarily due to fluctuations in raw material prices, product prices, unit costs, and product structure changes[116]. Revenue and Sales - Quarterly revenue showed growth, with Q4 2018 revenue at CNY 262,950,885.84, the highest among the quarters[20]. - The company sold 288,800 units of products, representing a 41.64% increase compared to the previous year, with a stable vehicle matching rate of 21.14%[54][57]. - Revenue from on-board chargers increased by 58.15% to CNY 318,400,807.46, while revenue from on-board DC/DC converters decreased by 3.93% to CNY 109,013,521.34[71]. - The East China region accounted for 73.59% of total revenue, with a significant increase of 145.91% compared to the previous year[71]. - Sales volume of on-board power integration products surged by 163.47% to 82,768 units, reflecting strong market demand[73]. - The company reported a significant increase in international sales, which rose by 141.92% to CNY 4,240,818.77[71]. Research and Development - The company invested approximately ¥66.42 million in research and development in 2018, maintaining a strong focus on technological advancement in the new energy vehicle sector[43]. - The company holds a total of 15 invention patents, 132 utility model patents, 9 design patents, and 264 software copyrights, ranking among the top in the industry[43]. - The R&D center has been upgraded, with a focus on new technology research and product development, including a "4-2-4" core platform strategy for onboard chargers[60][61]. - The company has allocated 200 million RMB for research and development in the next fiscal year, focusing on innovative technologies[187]. - The number of R&D personnel increased to 315 in 2018, representing 25.24% of the total workforce, compared to 25.58% in 2017[80]. Market and Competition - The new energy vehicle subsidy policy is gradually declining, leading to intensified competition and a focus on cost-effectiveness among manufacturers[40]. - The company recognizes the risk of increased competition as new entrants join the vehicle-mounted power supply market, necessitating continuous improvement in technology and operational efficiency[112]. - The company plans to deepen market cooperation and expand its customer base, focusing first on domestic clients before entering international markets[57]. - The company aims to enhance its supply chain efficiency, targeting a reduction in operational costs by 10% over the next year[186]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares to all shareholders[5]. - In 2018, the company distributed a cash dividend of RMB 0.8 per 10 shares, amounting to a total cash dividend of RMB 9,160,988.16, which represents 100% of the profit distribution total[120][123]. - The total distributable profit for the year was RMB 320,836,379.20, indicating a strong commitment to returning value to shareholders despite being in a growth phase with significant capital expenditure plans[121][122]. - The company has maintained a consistent cash dividend policy over the past three years, with the same dividend amount per share for 2017 and 2018[122]. Corporate Governance and Compliance - The company has maintained a governance structure that ensures shareholder rights and information transparency[156]. - The company has not faced any legal or regulatory violations during the reporting period, ensuring proper governance practices[198]. - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business operations[199]. - The company has established measures to ensure compliance with commitments made during the IPO process, including potential compensation for investor losses[133]. Strategic Initiatives and Future Outlook - The company aims to become a leading provider of integrated solutions for vehicle-mounted power supplies, focusing on DC/DC converters, onboard chargers, and related products[104]. - The company plans to significantly increase production capacity for vehicle-mounted DC/DC converters and chargers to meet growing market demand, supported by fundraising for the "New Energy Vehicle Onboard Power Supply Industrialization Project"[105]. - A strategic acquisition of a local competitor is anticipated to enhance the company's technological capabilities and increase market share by 15%[185]. - The company provided a future outlook projecting a revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion[186]. Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2.6091 million[191]. - The company employed a total of 1,208 staff, with 491 in production, 403 in technical roles, and 38 in sales[192]. - The educational background of employees includes 26 with master's or doctoral degrees, 197 with bachelor's degrees, and 716 with below college education[193]. - The management team is committed to driving growth and innovation, leveraging their extensive industry experience to navigate market challenges[182].

Financial Performance - Total revenue for Q1 2019 was CNY 159,521,414.86, an increase of 7.57% compared to CNY 148,297,183.57 in the same period last year[8] - Net profit attributable to shareholders decreased by 44.49% to CNY 15,619,295.86 from CNY 28,137,859.03 year-on-year[8] - Basic earnings per share dropped by 57.58% to CNY 0.14 from CNY 0.33 in the previous year[8] - The company's operating revenue for Q1 2019 was 159.52 million, representing a year-on-year increase of 7.57%[18] - The net profit attributable to shareholders for Q1 2019 was 115.62 million, a decrease of 44.49% compared to the same period last year[18] - Net profit for Q1 2019 was CNY 15.62 million, a decrease of 44.5% from CNY 28.14 million in Q1 2018[47] - The total comprehensive income for the period was CNY 15,619,295.86, down 44.5% from CNY 28,137,859.03 in the previous period[51] Cash Flow - Net cash flow from operating activities improved significantly to CNY 21,341,992.08 from a negative CNY 93,066,585.61 in the same period last year[8] - The cash inflow from operating activities increased by 506.66% to 225.11 million, primarily due to increased collections and maturity of receivables[16] - The cash outflow from operating activities rose by 56.54% to 203.77 million, mainly due to increased payments for goods and payables[16] - The company's cash and cash equivalents at the end of Q1 2019 were 128.66 million, up 69.07% from 76.10 million in the previous year, mainly due to new fundraising from the IPO[17] - The cash flow from operating activities generated a net inflow of CNY 21,341,992.08, a significant improvement compared to a net outflow of CNY 93,066,585.61 in the previous period[55] - Operating cash inflow totaled CNY 217,664,735.34, a significant increase from CNY 37,548,130.05 in the previous period[59] - Net cash flow from operating activities was CNY 22,863,208.50, recovering from a loss of CNY 91,503,948.77 in the prior period[59] Assets and Liabilities - Total assets increased by 2.17% to CNY 1,781,308,686.13 compared to CNY 1,743,516,548.11 at the end of the previous year[8] - Total liabilities increased to CNY 686,026,542.12 from CNY 663,853,699.96, reflecting a rise of 3.3%[38] - Total assets amounted to CNY 1,781,308,686.13, up from CNY 1,743,516,548.11, indicating a growth of 2.2%[37] - Total liabilities increased to CNY 682.94 million from CNY 660.94 million, an increase of 3.4%[43] - The company's equity attributable to shareholders rose to CNY 1.10 billion from CNY 1.08 billion, reflecting a growth of 1.1%[44] Investments and Expenditures - Significant increase in prepayments by 1849.73% to CNY 23,480,031.66, mainly due to land payments in Shanghai[15] - Other receivables rose by 56.74% to CNY 18,277,503.31, primarily due to performance bonds for land in Shanghai[15] - Development expenditures increased by 48.11% to CNY 11,091,970.46, mainly due to capitalized R&D expenses[15] - Total amount of raised funds is CNY 30,629.5 million, with CNY 1,990.5 million invested in the current quarter[29] - Cumulative investment from raised funds reached CNY 21,076.57 million, representing 68.8% of the total raised[29] - The investment progress for the electric vehicle battery industrialization project is 58.25%, with CNY 8,239.08 million invested[29] - The expansion of the electric vehicle battery R&D center has seen a 17.02% investment progress, totaling CNY 763.33 million[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,043[11] - The company reported no overdue commitments from shareholders or related parties during the reporting period[27] Risks and Management - The company faces risks from policy changes in the new energy vehicle sector, including a 60% reduction in national subsidies, which may impact profitability[19][20] - The company is enhancing its accounts receivable management to mitigate risks associated with customer credit and cash flow pressures[21] - The company aims to maintain product gross margins by leveraging R&D and innovation capabilities to introduce competitive products[25] Research and Development - Research and development expenses for Q1 2019 were CNY 12.73 million, down 15.1% from CNY 15.00 million in Q1 2018[45] - Research and development expenses for the quarter were CNY 12,639,364.24, a decrease of 13.7% from CNY 14,644,898.60 in the previous period[50]

Financial Performance - Operating revenue for the period was CNY 158,833,895.58, a 2.06% increase year-on-year[9] - Net profit attributable to shareholders decreased by 51.42% to CNY 12,072,167.47[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 64.72% to CNY 7,686,067.32[9] - Basic earnings per share decreased by 65.52% to CNY 0.1[9] - Weighted average return on equity decreased by 79.39% to 0.69%[9] - The net profit for the current period was ¥12,771,628.35, a decrease of 48.5% from ¥24,807,277.67 in the previous period[42] - The total profit for the current period was ¥59,389,350.52, down from ¥63,716,980.18, a decrease of 6.3%[46] - The net profit for Q3 2018 was CNY 56,751,811.59, a slight decrease from CNY 57,429,372.31 in Q3 2017, representing a decline of approximately 1.2%[50] Assets and Liabilities - Total assets increased by 43.06% to CNY 1,605,664,691.72 compared to the end of the previous year[9] - Net assets attributable to shareholders increased by 50.42% to CNY 1,053,037,800.45[9] - Total liabilities amounted to CNY 552.63 million, compared to CNY 422.32 million, indicating an increase of about 30.8%[34] - Cash and cash equivalents increased to ¥286,487,884.95 from ¥138,076,089.13, a growth of 107.49% due to IPO fundraising[17] - Accounts receivable and notes receivable rose to ¥553,491,501.79 from ¥365,317,558.60, reflecting a 51.51% increase driven by revenue growth[17] - Inventory increased by 32.98% to ¥280,533,816.05 from ¥210,951,861.53, attributed to sales growth and stockpiling due to raw material shortages[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 189,462,645.75, a decrease of 268.70% compared to the previous year[9] - The company reported a significant increase in cash flow from financing activities, totaling ¥365,260,920.93 compared to a negative cash flow of ¥2,047,277.78 in the previous period, a change of 7941.30%[20] - Cash inflow from financing activities totaled 374,430,080.72 CNY, with a net cash flow of 365,260,920.93 CNY[59] - The net cash flow from operating activities was -189,059,216.37 CNY, a significant decrease compared to 112,107,438.08 CNY in the previous year[58] Shareholder Information - The company reported a total of 20,672 common shareholders at the end of the reporting period[13] - The top shareholder, Wu Renhua, holds 30.79% of the shares, totaling 35,259,533 shares[13] Research and Development - Research and development expenses capitalized during the reporting period amounted to ¥6,690,164.40, indicating a focus on innovation[30] - Research and development expenses for Q3 2018 were CNY 12.33 million, down from CNY 18.15 million, indicating a decrease of about 32.3%[36] - Research and development expenses decreased to ¥12,333,940.87 from ¥18,151,685.72, a reduction of 32.3%[42] Dividend Distribution - The company distributed cash dividends of ¥9,160,988.16, at a rate of ¥0.8 per 10 shares, based on a total share capital of 114,512,352 shares[22] Audit Status - The report for the third quarter was not audited[60]

Financial Performance - Total revenue for the first half of 2018 reached ¥295,276,852.57, representing a 75.24% increase compared to ¥168,495,819.79 in the same period last year[16]. - Net profit attributable to shareholders was ¥43,760,089.67, up 41.98% from ¥30,821,181.39 year-on-year[16]. - Basic earnings per share increased by 33.33% to ¥0.48 from ¥0.36 in the previous year[16]. - The company achieved total operating revenue of ¥295,276,852.57, a year-on-year increase of 75.24%[35]. - The net profit attributable to shareholders reached ¥43,760,089.67, reflecting a growth of 41.98% compared to the previous year[35]. - The sales volume of the company's products reached 116,400 units, representing a 91.13% increase year-on-year[35]. - The gross profit margin for the overall business was 28.91%, a decrease of 13.49% compared to the previous year[40]. - The company's overall gross margin for the reporting period was 28.91%, a decrease of 13.49% compared to the same period last year, primarily due to raw material prices, product prices, and changes in product structure[62]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,480,867,529.69, a 31.94% increase from ¥1,122,388,593.40 at the end of the previous year[16]. - Total liabilities increased to CNY 439,901,896.71 from CNY 422,317,074.21, showing a rise of approximately 4%[118]. - Owner's equity totaled CNY 1,040,965,632.98, compared to CNY 700,071,519.19, representing an increase of around 48.7%[118]. - The total current assets reached RMB 1,343,319,633.30, up from RMB 982,584,537.49, marking a growth of around 37%[116]. - The company's inventory decreased to RMB 188,266,219.16 from RMB 210,951,861.53, showing a decline of about 10%[115]. Cash Flow - The net cash flow from operating activities was negative at -¥130,087,487.40, a decline of 244.74% compared to ¥89,878,782.56 in the same period last year[16]. - Cash and cash equivalents increased by 402.14% to ¥263,831,075.35, primarily due to fundraising activities[39]. - The net cash flow from investment activities was 77,298,383.64 yuan, compared to -46,759,830.13 yuan in the previous period, indicating a significant improvement[136]. - The total cash and cash equivalents at the end of the period reached 379,038,521.42 yuan, an increase from 83,991,776.33 yuan in the previous period[136]. - The cash flow from operating activities totaled 143,958,455.25 yuan, down 48.9% from 281,960,860.97 yuan in the prior period[135]. Research and Development - The company has a strong R&D team of 284 members, accounting for over 26% of the total workforce, and holds 15 invention patents and 112 utility model patents[28]. - The company has experienced a 100% increase in development expenditures, reflecting a focus on capitalizing R&D projects during the reporting period[27]. - The company's R&D investment increased by 24.45% to ¥30,755,794.43, aimed at enhancing product competitiveness[38]. - The company focuses on the research, production, and sales of onboard power supplies for new energy vehicles, including onboard DC/DC converters and chargers[154]. Market and Partnerships - The company maintains long-term stable partnerships with major domestic electric vehicle manufacturers, including BAIC New Energy and Geely, while also starting bulk supply for new clients[29]. - The company plans to expand its market presence by first focusing on domestic clients before entering international markets[35]. - The company has established strategic partnerships with suppliers to mitigate risks associated with raw material price fluctuations[63]. Corporate Governance and Compliance - The company has not distributed cash dividends or bonus shares for the half-year period and does not plan to increase capital through reserves[68]. - The company has no significant litigation or arbitration matters during the reporting period[73]. - The company is classified as a national high-tech enterprise and benefits from a 10% corporate income tax rate, along with VAT tax refund policies for its embedded software products[63]. - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting its financial position and operating results accurately[160]. Subsidiaries and Consolidation - The company has included three subsidiaries in its consolidated financial statements: Jiangsu Xinrui New Energy Technology Co., Ltd., Hangzhou Xinrui Technology Co., Ltd., and Shanghai Xinrui Electric Control Technology Co., Ltd.[155]. - The company has included three subsidiaries in the consolidated financial statements, all with a 100% ownership and voting rights, indicating full control[176]. Risks and Challenges - The company faced risks and has outlined corresponding measures in the report[4]. - The company is facing risks related to the fluctuation of raw material prices, particularly in semiconductor and capacitor components, due to global trade tensions[63].