Dividend and Capital Plans - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares to all shareholders, based on a total of 95,327,000 shares[5] - The company has proposed a capital reserve conversion plan, offering 5 additional shares for every 10 shares held[5] Financial Performance - The company's operating revenue for 2021 was CNY 659,956,402.43, representing a 56.87% increase compared to CNY 420,704,838.47 in 2020[30] - The net profit attributable to shareholders for 2021 was CNY 157,372,813.99, a 50.60% increase from CNY 104,500,439.79 in 2020[30] - The net profit after deducting non-recurring gains and losses was CNY 143,761,054.97, up 50.94% from CNY 95,242,576.87 in 2020[30] - The total assets at the end of 2021 were CNY 2,071,194,104.26, an increase of 48.24% from CNY 1,397,218,378.45 at the end of 2020[30] - The basic earnings per share for 2021 was CNY 1.65, a 46.02% increase compared to CNY 1.13 in 2020[30] - The net cash flow from operating activities for 2021 was CNY 9,168,514.24, a decrease of 82.36% from CNY 51,965,224.42 in 2020[30] - The company reported a weighted average return on equity of 13.80% for 2021, up from 10.84% in 2020[30] Market and Industry Insights - The company's market share in the photovoltaic industry remains above 70%, with continuous growth in orders positively impacting 2021 performance and expected to benefit 2022 results[44] - In 2021, China's photovoltaic industry saw a production increase of 27.5% in polysilicon, reaching 505,000 tons, and a 40.6% increase in monocrystalline silicon wafer production, totaling approximately 227 GW[43] - The global semiconductor market reached $555.9 billion in 2021, growing by 26.2%, with China's sales at $192.5 billion, a 27.1% increase[45] Research and Development - The company has developed over 30 patents related to electric vehicle charging stations, with significant recognition in the industry, including multiple awards for product innovation and quality in 2021[50] - The company is actively involved in the research and development of new technologies and products, enhancing its competitive position in the rapidly evolving energy and materials sectors[52] - The company invested heavily in R&D, with 27 new patents granted in 2021, including 6 invention patents and 16 utility model patents[73] Operational Strategies - The company has provided insights into its operational strategies and market positioning for future growth[5] - The company maintains a customized production model based on its proprietary technology platform, ensuring alignment with market demand for power control and specialty power products[53] - The company’s procurement model focuses on "production-based ordering" with a detailed procurement plan based on material requirements[58] - The company’s production is organized based on "sales-driven production," ensuring efficient response to customer orders[59] Governance and Management - The company has established a complete and independent governance structure, ensuring operational independence from its controlling shareholders[166] - The company has implemented a series of internal control regulations that were effectively executed during the reporting period, ensuring normal business management[173] - The company has independent and complete assets, personnel, financial, institutional, and business structures, enabling it to operate autonomously in the market[174] - The company has established a sound internal control system that is continuously improved to enhance operational efficiency[173] Risk Management - The company has outlined potential risks in its future development outlook, emphasizing the importance of investor awareness regarding investment risks[5] - The company has strengthened risk control measures, particularly in managing accounts receivable, to mitigate risks associated with customer creditworthiness[75] - The company is addressing industry volatility risks by enhancing product R&D and market expansion to mitigate impacts from specific industry fluctuations[144] - The company is managing order fulfillment risks by evaluating customer strength and implementing strict credit management to ensure contract execution[145] Shareholder Engagement - The company held 5 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and allowing minority shareholders to fully exercise their rights[165] - The first temporary shareholders' meeting in 2021 had a participation rate of 69.03%[182] - The second temporary shareholders' meeting in 2021 had a participation rate of 68.95%[182] Future Outlook - The photovoltaic industry is expected to continue its rapid growth, with projections indicating that monocrystalline silicon wafer production will exceed 293 GW in 2022[43] - The solar photovoltaic industry is expected to see a significant increase in installed capacity, with projections of 330 GW by 2025, indicating a strong market opportunity for the company[138] - The semiconductor materials sector is experiencing growth due to national policy support and technological upgrades, positioning the company to benefit from this trend[139] - The company aims to enhance its R&D investment in new energy and new materials, targeting sustainable development and new profit growth points[140]

四川英杰电气股份有限公司 2021 年第三季度报告 证券代码：300820 证券简称：英杰电气 公告编号：2021-072 四川英杰电气股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|--------------------------|-------- ...

证券代码：300820 证券简称：英杰电气 公告编号：2021-066 四川英杰电气股份有限公司 关于参加 2021 年四川辖区上市公司投资者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。 为便于广大投资者更深入全面地了解公司情况，就公司治理及社会责任/ESG、 经营状况、发展战略、风险防控、市值管理、投资者保护等投资者所关心的问题， 公司定于 2021 年 9 月 16 日 15:00-17:00 参加由四川省上市公司协会联合深圳市全 景网络有限公司举办的主题为"守初心担使命 为投资者办实事"2021 年四川辖 区上市公司投资者网上集体接待日活动。现将有关事项公告如下： 本 次 集 体 接 待 日 网 上 交 流 网 址：投 资 者 可 以 登 录 http:// rs.p5w.net 进入专区页面参与交流。 出席本次集体接待日的人员有：公司总经理周英怀先生、财务总监张海涛女士、 副总经理兼董事会秘书刘世伟先生。 欢迎广大投资者积极参与。 特此公告。 四川英杰电气股份有限公司董事会 2021 年 9 月 13 日 ...

Financial Performance - The company reported a total revenue of RMB 1.584 billion for the first half of 2021, marking a year-on-year increase of 15%[1]. - The net profit attributable to shareholders reached RMB 200 million, representing a growth of 20% compared to the same period last year[1]. - The company achieved operating revenue of CNY 269,091,473.04, a year-on-year increase of 43.15%[33]. - Net profit attributable to shareholders reached CNY 72,554,569.71, up 66.78% compared to the previous year[33]. - The company's revenue for the reporting period reached ¥269,091,473.04, representing a 43.15% increase compared to ¥187,976,105.16 in the previous year, primarily due to lower sales during the pandemic last year[80]. - The company's total revenue for the reporting period reached ¥265,382,951.94, representing a year-on-year increase of 42.09%[84]. - The gross profit margin improved to 45.23%, up by 2.80% compared to the same period last year[84]. Investment and R&D - The company plans to invest in new product development, focusing on power control systems and special power supplies to enhance market competitiveness[1]. - The company invested in R&D, with an increase in R&D expenses and personnel, resulting in 15 new patents granted during the reporting period[46]. - Research and development expenses amounted to ¥19,513,274.18, an increase of 28.62% from ¥15,170,817.84 in the previous year, reflecting the company's commitment to innovation[83]. - The company has consistently invested in R&D, relying solely on self-developed core technologies, which enhances its product development capabilities[55]. - The company has invested in upgrading its technology center, acquiring new testing equipment to support the development of new technologies and products[73]. Market Expansion and Strategy - User data indicates a 30% increase in the number of active users for the company's products, reflecting strong market demand[1]. - The company is focusing on expanding its market reach in Southeast Asia, aiming for a 25% increase in sales in that region by the end of 2021[1]. - The company is exploring potential mergers and acquisitions to expand its market presence and product offerings[1]. - The company holds a market share of over 70% in the photovoltaic industry, with a continuous increase in orders expected to positively impact its performance in 2021 and 2022[70]. - The company has established a strong market position in the semiconductor and electronic materials sector, with products used in the production of electronic-grade polysilicon, single crystal silicon, and LED materials[71]. Operational Efficiency - The company implemented operational optimizations, enhancing efficiency and reducing costs through improved management processes[47]. - A total of over 20 improvement projects were established to enhance production quality and efficiency[48]. - The company maintains a customized production model based on market demand, leveraging its proprietary technology platform[54]. - The company’s strong R&D and manufacturing capabilities position it as a leading supplier in the domestic industrial power supply market[65]. - The company’s procurement strategy emphasizes a just-in-time approach, ensuring quality and cost-effectiveness through a qualified supplier list[56]. Risk Management - The management highlighted risks related to supply chain disruptions and raw material price fluctuations, with strategies in place to mitigate these risks[1]. - The company faces risks related to industry fluctuations, particularly in the photovoltaic sector, and is committed to enhancing product R&D and market expansion to mitigate these risks[109]. - The company has implemented measures to manage order fulfillment risks by evaluating customer strength and enforcing strict credit management[113]. - The company is addressing potential declines in product gross margins due to increased competition and raw material costs by enhancing production management and developing new products[115]. Shareholder and Corporate Governance - No cash dividends or stock bonuses will be distributed to shareholders for this reporting period[1]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[128]. - The company held four shareholder meetings during the reporting period, with investor participation rates of 69.03%, 68.93%, 68.95%, and 68.82% respectively[124]. - The company has not engaged in any major related party transactions during the reporting period[149]. - The company and its controlling shareholders maintained a good integrity status, with no unfulfilled court judgments or significant debts due[148]. Employee and Talent Management - The company focused on talent acquisition and training, expanding recruitment channels and enhancing employee skills[49]. - The company implemented its first employee stock ownership incentive plan to attract and retain talent, enhancing market competitiveness and sustainable development capabilities[50]. - The company maintains a low turnover rate of technical personnel, with a retention rate of over 95%, ensuring a stable and skilled workforce[76]. Financial Management - The cash flow from operating activities was negative CNY 39,283,635.64, a decrease of 589.03% year-on-year[33]. - The company's financial expenses decreased by 47.64% to -¥1,066,998.66, attributed to a decline in interest income from reduced deposit balances[83]. - The company has engaged in entrusted financial management with a total amount of 615 million CNY, including 275 million CNY from self-owned funds and 340 million CNY from raised funds[102]. - The company has not engaged in derivative investments or entrusted loans during the reporting period, indicating a conservative financial strategy[105][106]. Social Responsibility - The company received the "Social Poverty Contribution Award" from the Sichuan Provincial Poverty Alleviation Foundation in June 2021 for its participation in social responsibility initiatives[135].

Financial Performance - The company's operating revenue for Q1 2021 was ¥113,236,988.60, representing a 24.72% increase compared to ¥90,789,829.40 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥28,341,961.14, a 44.88% increase from ¥19,561,809.29 in the previous year[8] - Basic earnings per share for Q1 2021 decreased by 18.92% to ¥0.30 from ¥0.37 in the previous year[8] - Revenue from sales of goods and services increased by 40.81% to CNY 51,408,825.54, reflecting improved cash collection[22] - Net profit increased by 44.88% to CNY 28,341,961.14, mainly due to higher revenue[22] - Total operating revenue for the current period reached CNY 113,236,988.60, a 24.7% increase from CNY 90,789,829.40 in the previous period[70] - Net profit for the current period was CNY 28,341,961.14, representing a 44.8% increase compared to CNY 19,561,809.29 in the previous period[76] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥37,698,756.36, a decline of 181.93% compared to -¥13,371,444.14 in the same period last year[8] - Cash and cash equivalents decreased by 35.39% to CNY 114,876,821.27 due to increased spending on goods and financial investments[19] - Cash inflow from financing activities was 2 million yuan, a decrease of 99.57% compared to the previous year due to last year's public stock issuance[25] - The company reported a cash balance of CNY 114,876,821.27 as of March 31, 2021, down from CNY 177,798,098.94 at the end of 2020[52] - The company recorded a cash and cash equivalents balance of 114,677,221.27 at the end of the period, down from 565,992,189.28[93] - The cash flow from financing activities resulted in a net inflow of 1,990,600.00, a decrease from 457,911,670.00 in the previous period[93] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,545,288,432.22, a 10.60% increase from ¥1,397,218,378.45 at the end of the previous year[8] - The total liabilities increased to ¥457,151,031.91 from ¥337,422,939.28, indicating a growth of approximately 35.4%[58] - Current liabilities rose to ¥454,429,251.01, compared to ¥334,683,822.28, indicating an increase of about 35.8%[58] - Accounts payable increased significantly to ¥85,502,666.30 from ¥58,900,959.34, reflecting a growth of approximately 45%[58] - Contract liabilities grew to ¥301,270,624.42, up from ¥222,324,649.46, marking an increase of around 35.4%[58] - Total equity rose to CNY 1,105,386,920.48, compared to CNY 1,075,005,915.25, marking a 2.9% increase[68] Investments and R&D - Research and development expenses grew by 45.63% to CNY 9,671,599.10, reflecting an increase in R&D personnel and materials[22] - The company has committed to several investment projects, including a power electronics product expansion project with a total investment of CNY 23,882.98 million[39] - The technical center upgrade project is expected to reach operational status by December 2021, currently still under construction[42] - The company has pre-invested CNY 7,960,942.48 in the power electronics product expansion and technical center upgrade projects[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,177[12] - Major shareholders include Wang Jun with 34.58% and Zhou Yinghuai with 34.06% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[15] Risk Management - The company is focusing on technological innovation and increasing new product R&D efforts to mitigate industry volatility risks[29] - The company has identified risks related to order fulfillment, particularly in the photovoltaic industry, and is implementing measures to ensure contract execution[30] - The company is addressing potential declines in product gross margins by enhancing lean production management and developing new products[32] - The company is actively managing risks associated with core technical personnel turnover and protecting intellectual property rights[33] - The company is adjusting investment plans for fundraising projects to align with market trends and ensure expected returns[34] Other Financial Metrics - Investment income surged by 4,662.99% to CNY 2,570,463.00, primarily due to an increase in structured deposits[22] - Other income for the current period was CNY 1,445,731.70, down from CNY 2,177,003.51 in the prior period[73] - The company reported a rise in receivables, with accounts receivable increasing to ¥75,984,365.49 from ¥52,595,925.92, an increase of about 44.5%[62] - Total operating costs amounted to CNY 81,399,989.89, up 21.5% from CNY 67,008,070.58 in the prior period[73] Audit and Compliance - The first quarter report for 2021 was not audited[101]

Financial Performance - The company's operating revenue for 2020 was CNY 420,704,838.47, a decrease of 5.04% compared to CNY 443,012,630.28 in 2019[37]. - The net profit attributable to shareholders for 2020 was CNY 104,500,439.79, down 5.83% from CNY 110,973,575.72 in 2019[37]. - The net profit after deducting non-recurring gains and losses was CNY 95,242,576.87, a decline of 13.37% compared to CNY 109,945,101.70 in 2019[37]. - The net cash flow from operating activities was CNY 51,965,224.42, a decrease of 35.73% from CNY 80,854,918.98 in 2019[37]. - The company's total revenue for Q4 was 136,673,749.00 CNY, with a total annual revenue of 420,704,838.50 CNY, reflecting a strong performance in the last quarter[40]. - The net profit attributable to shareholders for Q4 was 37,258,839.60 CNY, contributing to an annual net profit of 104,480,639.82 CNY, indicating a significant year-on-year increase[40]. - The company's domestic revenue was ¥419,722,071.90, reflecting a decline of 5.17% compared to the previous year[82]. - The company achieved operating revenue of 420.70 million yuan, a year-on-year decrease of 5.04%[76]. - Operating profit for the period was 121.98 million yuan, down 5.26% year-on-year[76]. - Net profit attributable to the parent company was 104.50 million yuan, a decline of 5.83% compared to the previous year[76]. Revenue Sources - The company's main products, including power control power supplies and special power supplies, generated 69.56% of revenue from the photovoltaic and semiconductor industries[6]. - Revenue from the photovoltaic industry amounted to 251.64 million yuan, accounting for 59.81% of total revenue, with a year-on-year increase of 12.00%[76]. - Revenue from semiconductor and electronic materials surged by 55.33% to ¥117,365,458.48, representing 27.90% of total revenue[82]. - The company operates primarily in the photovoltaic and semiconductor industries, which are expected to see continued growth and investment[60]. Research and Development - The company focuses on the development of industrial power supply equipment, with products applied in photovoltaic, semiconductor, and new energy sectors[50]. - The company maintains a strong R&D investment strategy, relying solely on self-developed core technologies without external purchases[52]. - The company invested 34.07 million yuan in R&D, representing 8.10% of the current operating revenue[68]. - The company has maintained a steady increase in R&D expenses and personnel, with 36 new patents granted during the reporting period[78]. - The company plans to increase R&D investment in new products and expand application areas in emerging industries such as new energy and new materials[138]. Risk Management - The company faced risks related to order fulfillment, particularly in the photovoltaic sector, which may impact operational performance due to external factors[7]. - The company has implemented strict customer credit management to ensure the execution of contracts and minimize risks[7]. - The company has identified potential risks related to order fulfillment, particularly in the photovoltaic sector, which may be affected by market conditions and client operations[144]. - The company aims to enhance its core competitiveness and improve profitability by controlling costs and improving internal management in 2021[139]. Profit Distribution - The profit distribution plan approved by the board proposes a cash dividend of 4 RMB per 10 shares (including tax) based on 95,010,000 shares[12]. - The cash dividend accounted for 100% of the total profit distribution amount, reflecting a commitment to shareholder returns[163]. - The company has maintained a stable profit distribution policy since its listing, ensuring reasonable returns to investors while considering operational needs[158]. - The company reported a distributable profit of RMB 452,438,697.27 for the year[160]. - The cash dividend amount for 2020 was ¥38,004,000, representing 36.37% of the net profit attributable to ordinary shareholders[164]. Market Position and Strategy - The company has established a strong market presence and reputation, enabling it to expand its user base and develop new products effectively[59]. - The company is positioned to benefit from the growing demand for clean energy and industrial power solutions, as highlighted in national energy policies[56]. - The company intends to strengthen market marketing efforts for semiconductor equipment and collaborate with leading domestic semiconductor material manufacturers[139]. - The company will continue to develop and upgrade special power supplies, including programmable DC power supplies and RF power supplies, to enhance product competitiveness[139]. Compliance and Governance - The company is committed to ensuring compliance in the use and management of raised funds for investment projects[11]. - The independent directors confirmed that the profit distribution plan complies with relevant laws and regulations, protecting the interests of all shareholders, especially minority shareholders[163]. - The company has committed to a lock-up period for major shareholders, lasting 36 months from the date of the initial public offering[167]. - The company has maintained compliance with all commitments made regarding share restrictions during the reporting period[167]. Operational Challenges - The company has experienced delays in two fundraising projects due to the COVID-19 pandemic, affecting planned progress[11]. - The company has experienced delays in fundraising projects due to the COVID-19 pandemic but is focused on ensuring compliance and effective management of these projects[147]. - The company has not experienced any major changes in the feasibility of its projects during the reporting period[126].

Financial Performance - Operating revenue for the period was CNY 96,054,984.34, a decrease of 4.50% year-on-year, with a cumulative revenue of CNY 284,031,089.50, down 15.75% year-on-year[9] - Net profit attributable to shareholders was CNY 23,738,620.94, down 8.07% year-on-year, with a cumulative net profit of CNY 67,241,600.22, down 23.27% year-on-year[9] - Basic earnings per share decreased by 30.56% to CNY 0.25, with diluted earnings per share also at CNY 0.25, down 30.56%[9] - The weighted average return on equity was 2.35%, a decrease of 2.86% compared to the same period last year[9] - The company reported a net profit of ¥426,955,707.30, up from ¥391,384,107.08, representing an increase of approximately 9.1%[42] - The net profit for the current period was ¥23,738,620.94, down 8.1% from ¥25,821,628.36 in the previous period[56] - The total profit for the current period was ¥27,647,454.55, compared to ¥30,004,712.04, a decline of about 7.9%[56] - The company’s total comprehensive income for the current period was ¥23,738,620.94, down from ¥25,821,628.36, a decline of about 8.1%[59] - Net profit for the current period was ¥67,241,600.22, a decline of 23.36% compared to ¥87,631,473.28 in the previous period[70] Assets and Liabilities - Total assets increased by 68.59% to CNY 1,297,560,483.25 compared to the end of the previous year[9] - Total liabilities rose to ¥273,867,759.67, compared to ¥238,021,075.01, marking an increase of about 15%[39] - Total equity reached ¥1,023,692,723.58, significantly up from ¥531,615,336.53, reflecting a growth of approximately 92.5%[42] - Cash and cash equivalents decreased by 36.06% to ¥132,058,166.71 from ¥206,547,414.43 due to the purchase of financial products[20] - Accounts receivable notes decreased by 52.28% to ¥839,754.59, mainly due to the maturity of notes[20] - The company reported total current assets of CNY 707,107,027.88 as of January 1, 2020[96] - The total non-current assets amounted to CNY 62,529,383.66 as of January 1, 2020[96] - The total liabilities were CNY 238,021,075.01 as of January 1, 2020[103] Cash Flow - Net cash flow from operating activities was CNY 50,908,092.08, an increase of 253.56% compared to the same period last year[9] - Cash inflow from operating activities totaled CNY 231,796,180.00, an increase from CNY 205,495,724.33, representing a growth of approximately 12.8%[83] - The net cash flow from operating activities was CNY 45,206,809.47, down from CNY 61,778,288.66, showing a decrease of around 26.9%[83] - Cash inflow from investment activities was CNY 587,114,144.89, significantly higher than CNY 71,000.00 in the previous period[86] - The net cash flow from investment activities was -CNY 538,663,437.37, compared to -CNY 3,336,333.78, indicating a larger outflow[86] - Cash inflow from financing activities was CNY 470,323,400.00, with a net cash flow of CNY 422,241,670.00, compared to a net outflow of -CNY 400,000.00 in the previous period[92] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,517[14] - The company’s capital reserve increased to ¥477,977,016.28 from ¥68,981,229.45, a growth of approximately 594.5%[39] - The total comprehensive income attributable to the parent company's owners was ¥67,241,600.22, down from ¥87,631,473.28 in the previous period[74] Expenses and Income - The total operating costs amounted to ¥79,641,500.50, up from ¥72,570,942.10, reflecting an increase of approximately 9.5%[60] - Research and development expenses increased to ¥8,263,758.07, compared to ¥7,190,349.81, marking a rise of about 14.9%[60] - The company recorded other income of ¥5,970,724.58, significantly higher than ¥2,680,565.57, representing an increase of about 122.5%[60] - Tax expenses increased to ¥10,553,680.78, up from ¥14,063,303.71 in the previous period[70] Government Support - The company reported government subsidies of CNY 3,592,570.80 during the period[9] Financial Management - The company reported a 40.99% increase in interest income to ¥2,688,418.94, due to effective cash management[20] - The company has a long-term equity investment valued at 25,000,000.00[106] - The report indicates a significant focus on managing receivables and inventory levels to optimize cash flow[113]

Revenue and Financial Performance - The company's operating revenue for the reporting period was ¥187,976,105.16, a decrease of 20.54% compared to ¥236,552,325.80 in the same period last year[32]. - The net profit attributable to shareholders of the listed company was ¥43,502,979.28, down 29.62% from ¥61,809,844.92 year-on-year[32]. - Basic earnings per share decreased by 44.83% to ¥0.48 from ¥0.87 in the same period last year[32]. - Operating profit was 51.18 million yuan, down 28.60% year-on-year, while net profit attributable to the parent company was 43.50 million yuan, a decline of 29.62%[66]. - The net cash flow from operating activities was -¥5,701,282.61, a decline of 112.03% compared to ¥47,379,753.36 in the previous year[32]. - The company's cash and cash equivalents decreased by CNY 6,677.37 thousand compared to the beginning of the year, mainly due to investments in structured deposit financial products[56]. - The company's cash flow from operating activities was -5.70 million yuan, a year-on-year decrease of 5,308.10 million yuan, primarily due to the impact of the COVID-19 pandemic[66]. - The company's cash and cash equivalents decreased by 249.56% to -¥66,769,748.99 from ¥44,645,605.72 year-on-year[68]. Industry Focus and Risks - The company's main products, including power control power supplies and special power supplies, generated 73.19% of revenue from the photovoltaic and semiconductor industries during the reporting period[7]. - The company reported a risk of order fulfillment due to potential investment adjustments by customers in the photovoltaic industry, which could impact overall operating performance[7]. - The company has a significant reliance on the photovoltaic industry, which is considered a strategic advantage but carries execution uncertainties[7]. - The company faces risks related to declining product gross margins due to increased competition in emerging industries[8]. - The company has a concentrated industry focus, which poses risks if there are adverse changes in industry policies or market demand[7]. - The company plans to enhance R&D efforts and expand market reach to mitigate risks associated with industry fluctuations and customer investment adjustments[102]. Research and Development - The company has maintained a strong focus on R&D, with no external technology purchases, ensuring a robust product development capability[44]. - R&D expenses amounted to 15.17 million yuan, accounting for 8.07% of the current operating revenue[59]. - The company added 23 new authorized patents during the reporting period, including 3 invention patents and 20 utility model patents[66]. - The company is actively upgrading its technology center and has invested in various experimental and testing instruments to support new technology research and implementation[59]. - The company aims to maintain team stability by implementing active incentive and assessment systems for core technical personnel[106]. Investment and Financing - The company raised a total of ¥45,650.58 million through public offerings, with ¥5,192.85 million invested during the reporting period[82]. - The total amount committed for investment projects is CNY 45,650.58 million, with CNY 5,192.85 million invested during the reporting period, representing an investment progress of 11.37%[83]. - The company has allocated CNY 15,000 million for supplementary working capital, with CNY 4,000.12 million invested, achieving 26.67% of the planned investment[83]. - The company has entrusted financial management with a total amount of CNY 48,200 million, with no overdue amounts[90]. - The company has invested CNY 35,000 million of idle raised funds for cash management, with the highest daily balance being CNY 35,000 million during the reporting period[90]. Corporate Governance and Shareholder Information - The company has not reported any major events or issues requiring disclosure during the reporting period[153]. - The total number of shares increased from 47.5 million to 95.01 million after a capital increase of 31.67 million shares[157]. - The total number of ordinary shareholders at the end of the reporting period was 21,675, with major shareholders holding over 5% of shares, including Wang Jun with 34.58% and Zhou Yinghuai with 34.06%[169]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[175]. - The company has no preferred shares or convertible bonds outstanding as of the reporting period[182][186]. Legal and Compliance Matters - The company has no major litigation or arbitration matters during the reporting period[121]. - The company has reached a settlement in a lawsuit with Shandong Yuancheng Electronic Materials Co., Ltd., with no significant impact on operations[124]. - The company won a ruling against Inner Mongolia Gufengwei Silicon Industry Co., Ltd., with a total claim of 325 million, and has fully provisioned for bad debts[124]. - The company also won a ruling against Yunnan Metallurgical Yunchip Silicon Material Co., Ltd., with a total claim of 726.43 million, and has provisioned 90% for bad debts[124]. - There are no significant penalties or rectifications reported during the reporting period[126]. Employee and Operational Matters - The employee turnover rate for key technical personnel has remained below 5% in recent years, ensuring a stable R&D team[60]. - The company has leased properties for employee accommodation and operational purposes, including 16 residential units and 2 company properties[140]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[132].

四川英杰电气股份有限公司 2020 年第一季度报告全文 四川英杰电气股份有限公司 2020 年第一季度报告 2020-044 2020 年 04 月 1 四川英杰电气股份有限公司 2020 年第一季度报告全文 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。 公司负责人王军、主管会计工作负责人张海涛 及会计机构负责人(会计主 管人员)张海涛声明：保证季度报告中财务报表的真实、准确、完整。 2 四川英杰电气股份有限公司 2020 年第一季度报告全文 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 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------|--------------------------|- ...

Financial Performance - The company reported a total revenue of 63,340,000 RMB for the year 2019, with a cash dividend of 5 RMB per 10 shares distributed to all shareholders[8]. - The company's operating revenue for 2019 was CNY 443,012,630.28, representing an 8.00% increase compared to CNY 410,197,320.75 in 2018[32]. - The net profit attributable to shareholders for 2019 was CNY 110,973,575.72, a decrease of 2.01% from CNY 113,250,463.06 in the previous year[32]. - The net cash flow from operating activities for 2019 was CNY 80,854,918.98, reflecting a 1.64% increase from CNY 79,548,643.52 in 2018[32]. - The total assets at the end of 2019 amounted to CNY 769,636,411.54, which is a 4.04% increase from CNY 739,738,671.79 at the end of 2018[32]. - The net assets attributable to shareholders increased by 26.38% to CNY 531,615,336.53 from CNY 420,641,760.81 in 2018[32]. - The basic earnings per share for 2019 was CNY 2.34, down 1.68% from CNY 2.38 in 2018[32]. - The weighted average return on equity for 2019 was 23.31%, a decrease of 7.80% from 31.11% in 2018[32]. - The company reported quarterly revenues of CNY 96,042,334.65 in Q1, CNY 140,509,991.15 in Q2, CNY 100,583,616.31 in Q3, and CNY 105,876,688.17 in Q4 of 2019[38]. - The net profit attributable to shareholders in Q4 was CNY 23,342,102.44, showing a decline compared to previous quarters[38]. Research and Development - The company is actively involved in research and development of new technologies to enhance its product offerings in the power supply sector[19]. - The company has consistently invested heavily in R&D, with a focus on independent innovation and technology development, enhancing its competitive edge[50]. - The company invested 30.78 million yuan in R&D, representing 6.95% of total revenue[66]. - The number of R&D personnel increased to 145, making up 28.77% of the total workforce[97]. - The company added 34 new patents during the reporting period, including 1 invention patent[76]. Market and Industry Insights - The company is focused on developing power control systems and special power supplies, which are critical for various industrial applications[19]. - The photovoltaic industry in China is experiencing a transition from subsidy-driven growth to market-driven growth, with a forecasted installed capacity of 40-45 GW for 2019[56]. - The company benefits from strong technical capabilities and cost advantages in the industrial power supply sector, driven by global industrial upgrades and smart manufacturing trends[54]. - The company's products are primarily used in the photovoltaic industry, semiconductor materials, and traditional industrial sectors, with over 10 years of industry application experience[58]. - Revenue from the photovoltaic industry accounted for 50.72% of total revenue, with a year-on-year growth of 23.87%[76]. - Revenue from the semiconductor and electronic materials sector accounted for 27.03% of total revenue, with a year-on-year decline of 25.03%[76]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks in its future development outlook[8]. - The company acknowledges the potential risks associated with its business operations and has outlined measures to mitigate these risks in its annual report[8]. - The company faces risks from industry fluctuations, particularly in the photovoltaic and semiconductor sectors, which could impact overall revenue and profitability[121]. - The company has identified potential order fulfillment risks, especially in the photovoltaic sector, due to possible investment adjustments by clients[122]. - The company is concerned about the risk of declining product gross margins due to increased competition in emerging industries[123]. - The company has implemented measures to mitigate risks related to the loss of core technical personnel and the potential leakage of core technologies[124]. Corporate Governance - The board of directors confirmed that all members attended the meeting to review the annual report, ensuring accountability for the report's accuracy[6]. - The company highlights its commitment to maintaining transparency and accuracy in financial reporting, as stated by its management team[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[134]. - The company did not experience any changes in the scope of consolidated financial statements compared to the previous year[138]. - There were no major litigation or arbitration matters during the reporting period[142]. Shareholder Information - The total number of shares before the change was 47,500,000, which remains unchanged after the adjustment, maintaining a 100.00% ratio[173]. - The shareholder structure indicates that 46.11% of shares are held by a natural person, Wang Jun, with 21,900,000 shares[176]. - The company has no foreign investment in its shareholding structure, with 100% of shares held by domestic investors[173]. - The total number of shareholders at the end of the reporting period was 32, with no preferred shareholders[176]. - The company has not issued any new shares or conducted any securities issuance during the reporting period[177]. Social Responsibility - The company donated CNY 250,000 to the Sichuan Provincial Poverty Alleviation Foundation for housing construction for 30 impoverished households[164]. - The company does not belong to any heavily polluting industries and has not faced any environmental penalties[166]. - The company has not conducted any targeted poverty alleviation work or plans for the future[165].