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].