Financial Performance - The company's operating revenue for Q1 2021 was ¥159,997,895.76, representing a 51.54% increase compared to ¥105,584,425.13 in the same period last year[10] - The net profit attributable to shareholders for Q1 2021 was ¥15,567,666.36, a decrease of 17.33% from ¥18,830,660.74 in the previous year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,973,162.05, which is a 40.07% increase from ¥7,834,023.64 year-on-year[10] - The basic earnings per share for Q1 2021 were ¥0.21, a decrease of 38.24% from ¥0.34 in the same period last year[10] - The diluted earnings per share were also ¥0.21, reflecting the same percentage decrease of 38.24% compared to the previous year[10] - The weighted average return on equity was 1.83%, down 2.64% from 4.47% in the previous year[10] - Total operating revenue for the current period reached ¥159,997,895.76, a significant increase of 51.4% compared to ¥105,584,425.13 in the previous period[66] - Total operating costs amounted to ¥151,290,030.11, up from ¥102,311,847.23, reflecting a rise of 47.9%[69] - Net profit for the current period was ¥15,567,666.36, down 17.5% from ¥18,830,660.74 in the previous period[72] - The total operating profit for the current period is 5,352,747.66, compared to 11,424,894.94 in the previous period, reflecting a decrease of approximately 53%[79] - The net profit for the current period is 5,100,815.68, down from 10,843,669.98 in the previous period, indicating a decline of about 53%[79] - The total comprehensive income for the current period is 5,100,815.68, compared to 10,843,669.98 in the previous period, showing a decrease of approximately 53%[82] Cash Flow - The net cash flow from operating activities was -¥204,509,081.55, a decline of 21.06% compared to -¥168,925,740.62 in the same period last year[10] - Cash inflows from operating activities totaled 174,198,465.24, down from 284,162,167.67 in the previous period, representing a decline of about 39%[87] - Cash outflows from operating activities amounted to 378,707,546.79, compared to 453,087,908.29 in the previous period, indicating a decrease of approximately 16%[87] - The net cash flow from operating activities is -204,509,081.55, worsening from -168,925,740.62 in the previous period[87] - Cash inflows from investment activities reached 578,371,706.37, while cash outflows were 533,967,508.00, resulting in a net cash flow of 44,404,198.37[87] - Cash inflows from financing activities were 25,000,000.00, down from 130,800,000.00 in the previous period, reflecting a decrease of approximately 81%[89] - The ending cash and cash equivalents balance is 346,371,702.64, compared to 172,468,465.84 in the previous period, showing an increase of about 101%[89] - The company reported a significant increase in cash flow from investment activities, with a net inflow of 44,404,198.37 compared to a net outflow of -1,116,255.00 in the previous period[87] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,101,702,393.70, down 6.47% from ¥2,247,159,105.99 at the end of the previous year[10] - The net assets attributable to shareholders at the end of the reporting period were ¥860,372,170.05, an increase of 1.84% from ¥844,855,993.43 at the end of the previous year[10] - The company's total liabilities decreased from ¥1,402,303,112.56 to ¥1,241,330,223.65, a decrease of approximately 11.5%[54] - Current liabilities decreased from ¥1,381,490,396.32 to ¥1,221,395,752.42, a reduction of about 11.6%[54] - Accounts payable decreased significantly from ¥497,093,516.81 to ¥330,046,969.22, a drop of approximately 33.5%[54] - The company's cash and cash equivalents decreased from ¥606,966,722.76 to ¥438,010,401.39, a decline of approximately 27.8%[58] - The company's contract liabilities increased from ¥3,499,419.06 to ¥5,735,823.60, an increase of about 63.9%[54] - The total amount of raised funds is CNY 356.10 million, with no changes in usage reported[36] Research and Development - The company's research and development expenses rose by 50.24% to ¥14.12 million, reflecting the company's continued investment in R&D[28] - Research and development expenses increased to ¥14,121,737.00, compared to ¥9,399,742.44, marking a rise of 50.0%[69] - The R&D center construction project has an investment of CNY 7.21 million, with a progress rate of 34.40%[36] Investments - The company has invested CNY 11.20 million in high-efficiency intelligent inverters, with a progress rate of 22.06%[36] - The investment in energy storage bidirectional converters and systems integration amounts to CNY 8.44 million, with a progress rate of 7.77%[36] - CNY 58.85 million has been invested in working capital, achieving a 100% completion rate[36] - The company has completed the investment in the working capital project, with a remaining balance of CNY 1.12 million from interest[38] Market Outlook - The company anticipates significant growth in the photovoltaic market, with annual new installations expected to reach between 70-90 GW during the 14th Five-Year Plan period[28] - The company plans to establish new offices in the UAE, Spain, and India as part of its marketing network expansion[38] Other Income and Expenses - The company received government subsidies amounting to ¥3,450,857.53 during the reporting period[10] - The company reported a decrease in tax expenses to ¥445,621.90 from ¥588,978.64, a decline of 24.3%[72] - Other income for the current period was ¥3,450,857.53, down from ¥13,610,551.49, a decrease of 74.7%[69]

Financial Performance - Operating revenue for the reporting period was ¥379,395,755.55, representing a 67.56% increase compared to the same period last year[10]. - Net profit attributable to shareholders of the listed company was ¥25,226,767.89, up 24.20% year-on-year[10]. - Basic earnings per share for the reporting period were ¥0.34, an increase of 6.25% year-on-year[10]. - The company reported a net profit of CNY 268,777,608.03, an increase from CNY 213,192,798.99, representing a growth of about 26%[48]. - The company's operating revenue for the current period reached ¥399,072,466.18, a significant increase from ¥223,875,047.97 in the previous period, representing an increase of approximately 78.3%[65]. - The net profit for the current period was ¥4,268,155.76, down from ¥21,374,270.74 in the previous period, indicating a decrease of approximately 80.0%[68]. - The company reported a net profit of ¥55,584,809.04 for the current period, compared to ¥51,373,173.18 in the previous period, reflecting an increase of approximately 8.6%[75]. - The net profit attributable to the parent company was ¥31,708,187.00, down 34.36% from ¥48,242,481.65 in the same period last year[84]. - The total comprehensive income for the period was ¥31,708,187.00, compared to ¥48,242,481.65 in the previous year, indicating a significant drop[85]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,025,317,144.68, an increase of 45.08% compared to the end of the previous year[10]. - Total current liabilities reached CNY 1,180,287,997.25, up from CNY 945,015,562.45, which is an increase of about 25%[45]. - The total liabilities increased to CNY 1,202,437,487.55 from CNY 984,812,228.40, indicating a rise of approximately 22%[45]. - Total liabilities rose to ¥1,263,398,778.13, compared to ¥970,394,880.92, indicating a year-over-year increase of 30.2%[55]. - The company's cash and cash equivalents decreased to CNY 243,117,490.38 from CNY 321,007,730.33, representing a decline of about 24%[39]. - Total equity increased to ¥783,905,699.22, up from ¥396,095,829.73, representing a growth of 97.7%[55]. - Total current liabilities amounted to ¥945,015,562.45, with accounts payable at ¥440,685,904.08 and short-term borrowings at ¥105,137,180.83[105]. - Total non-current liabilities reached ¥39,796,665.95, including estimated liabilities of ¥28,596,665.95 and deferred income of ¥11,200,000.00[108]. - The total amount of contract liabilities was ¥3,593,273.36, indicating future revenue obligations[114]. Cash Flow - The net cash flow from operating activities was -¥130,691,986.46, a decline of 21.82% compared to the previous year[10]. - Cash flow from operating activities increased by 180.02% to $190.88 million, mainly from higher guarantee deposits[25]. - The company's cash flow from operating activities showed a net outflow of ¥306,888,632.14, worsening from a net outflow of ¥132,268,891.42 in the previous period[88]. - Net cash flow from operating activities was -CNY 278,951,702.14, worsening from -CNY 127,316,888.63 year-over-year[95]. - Financing cash inflow reached CNY 617,539,104.00, up from CNY 112,476,670.40 in the previous period[98]. - Net cash flow from financing activities was CNY 406,015,267.86, a significant improvement from -CNY 90,922.10 year-over-year[98]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,856[14]. - The top ten shareholders held a combined 70.88% of the shares, with the largest shareholder holding 21.34%[14]. - The company has a total of ¥55,000,000.00 in share capital, reflecting a stable equity structure[108]. Government Support and Other Income - The company received government subsidies amounting to ¥18,299,023.68 during the reporting period[10]. - Other income surged by 262.76% to $20.58 million, driven by increased government subsidies[25]. - The company reported other income of ¥12,690,243.93, significantly higher than ¥4,378,710.11 in the previous period, indicating improved financial performance in this area[82]. Research and Development - Research and development expenses for the quarter were ¥18,249,391.48, up from ¥14,442,010.96, showing a year-over-year increase of 26.5%[58]. - Research and development expenses increased to ¥18,574,814.73 from ¥13,239,787.86, marking a rise of about 40.5%[65]. - Research and development expenses were ¥36,628,089.41, slightly down from ¥38,108,357.09, showing a focus on maintaining R&D investment[82].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2020, representing a year-on-year growth of 25%[25]. - The company reported a net profit of 200 million CNY for the first half of 2020, reflecting a 15% increase year-on-year[25]. - The company's operating revenue for the reporting period was ¥252,045,306.29, a decrease of 32.73% compared to the same period last year[34]. - The net profit attributable to shareholders was ¥30,358,041.15, down 2.26% year-on-year[34]. - The net profit after deducting non-recurring gains and losses was ¥14,055,874.42, reflecting a significant decline of 52.16% compared to the previous year[34]. - The net cash flow from operating activities was -¥176,196,645.68, a drastic decrease of 605.00% compared to the same period last year[34]. - The company's cash and cash equivalents at the end of the reporting period were 377,736,900.11, accounting for 21.76% of total assets, down 5.58% from the previous year[103]. - The overseas revenue (including Hong Kong, Macau, and Taiwan) was 53,425,984.38, accounting for 21.20% of total revenue, a significant decrease of 74.56% compared to the previous year[100]. Market Expansion and Strategy - The company plans to expand its international market presence, targeting a 20% increase in overseas sales by the end of 2021[7]. - The company is focused on expanding its market presence through innovative product development and strategic partnerships in the energy sector[57]. - The company has expanded its market presence internationally, establishing a production base in India and covering markets in Southeast Asia, the Middle East, Australia, Africa, and South America[80]. - The company secured a total of 2,395 MW in inverter procurement contracts from major power generation groups, maintaining its core supplier status[91]. - The company has over 6 GW of orders on hand, reflecting successful market expansion efforts[91]. Research and Development - Research and development investment increased by 30% compared to the previous year, focusing on new energy storage and power quality products[13]. - The company aims to launch three new product lines in the next 12 months, including centralized and string inverters, to meet diverse customer needs[13]. - The company has invested 5.8% of its sales revenue in R&D over the past three years, with R&D personnel accounting for over 25% of its workforce[77]. - The company holds 78 authorized patents, including 12 invention patents, and has participated in the formulation of 3 industry standards and 2 group standards[77]. - The company is increasing its R&D investment to maintain its technological leadership in the power electronics sector, focusing on new product development and technology upgrades[130]. Product Offerings - The company focuses on the research, development, and sales of photovoltaic inverters, providing solutions across the entire power generation and distribution system[43]. - The company offers a full range of photovoltaic inverter products from 3kW to 6800kW, suitable for various harsh environments[44]. - The company offers a range of energy storage inverters, including 1,000V 125kW to 500kW commercial storage inverters and 1,500V 2.5MW to 3.465MW series products, optimizing costs for large-scale energy storage applications[56]. - The energy storage system integrates lithium battery solutions, providing high cycle life and excellent environmental adaptability, suitable for various applications including power generation and microgrids[57]. - The company has launched a series of new products, including energy storage inverters and energy quality management devices, to enhance its market position in the renewable energy sector[56][64]. Financial Investments and Assets - Total assets at the end of the reporting period reached ¥1,735,975,350.78, an increase of 24.35% from the end of the previous year[37]. - The net assets attributable to shareholders increased by 93.98% to ¥797,652,889.24 compared to the previous year[37]. - The company's intangible assets increased by 54.92% compared to the end of the previous year, primarily due to continued investment in intangible assets[73]. - The trading financial assets doubled (100% increase) compared to the end of the previous year, attributed to IPO fundraising and subsequent purchase of structured bank deposits[73]. - The company has committed a total investment of CNY 11,202.84 million for the high-efficiency intelligent inverter industrialization project, with a cumulative investment of CNY 742.05 million, representing 6.62% of the total investment progress[112]. Legal and Compliance - The company received a lawsuit from Sunshine Power regarding patent infringement, with the amount involved being 90.8 million yuan, but the court has since dismissed the case, indicating no significant impact on the company[148]. - The company has resolved litigation cases involving overdue payments totaling approximately ¥2,000.00 million, with several cases resulting in favorable judgments and ongoing enforcement actions[152][155]. - The company has no significant litigation or arbitration matters that could impact its financial position during the reporting period[156]. - There were no penalties or rectification measures imposed on the company during the reporting period[157]. Shareholder Information - The company completed a public offering of 18,333,600 shares, increasing total share capital from 55,000,000 to 73,333,600 shares[185]. - The newly issued shares represent 25% of the total shares post-offering[189]. - The issuance price for the new shares was set at 21.64 RMB per share[189]. - The total number of shareholders at the end of the reporting period was 13,569[190]. - The largest shareholder, Wu Qiang, holds 21.34% of the shares, totaling 15,650,000 shares[193].

Financial Performance - Total revenue for Q1 2020 was ¥105,584,425.13, a decrease of 54.12% compared to ¥230,151,558.04 in the same period last year[10] - Net profit attributable to shareholders was ¥18,830,660.74, an increase of 15.38% from ¥16,320,520.34 year-on-year[10] - Net profit excluding non-recurring gains and losses was ¥7,834,023.64, down 47.18% from ¥14,830,215.34 in the previous year[10] - Operating revenue fell by 54.12% to ¥105,584,425.13, primarily due to delays in domestic project construction and suspension of overseas deliveries caused by the pandemic[22] - The company reported a 56.07% decrease in operating costs, amounting to ¥74,883,542.29, also impacted by the pandemic[25] - Total operating revenue for the first quarter was ¥105,584,425.13, a decrease of 54% compared to ¥230,151,558.04 in the same period last year[58] - Operating profit for the current period is ¥11,424,894.94, down 45.2% from ¥20,852,669.21 in the previous period[71] - Net profit for the current period is ¥10,843,669.98, a decline of 39.5% compared to ¥17,961,173.83 in the previous period[74] Cash Flow and Liquidity - Net cash flow from operating activities was -¥168,925,740.62, a decline of 61.15% compared to -¥104,827,775.39 in the same period last year[10] - Cash received from sales increased by 55.50% to ¥165,674,477.45, attributed to improved collection efforts[25] - The company reported a cash flow deficit from operating activities of ¥168,925,740.62, worsening from a deficit of ¥104,827,775.39 in the previous period[78] - Cash flow from operating activities for the current period is ¥165,674,477.45, an increase of 55.5% from ¥106,543,557.53 in the previous period[75] - Cash outflow from operating activities totals ¥453,087,908.29, up 36.5% from ¥331,976,628.47 in the previous period[78] - The company's cash and cash equivalents decreased by 36.78% to ¥202,951,106.29 due to higher payments during the period[22] - Cash and cash equivalents at the end of the period totaled $172,468,465.84, up from $91,977,144.98 in the previous period[81] - Total cash outflows from operating activities reached $450,548,032.31, up from $323,132,170.52 in the previous period, indicating increased operational expenses[82] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,241,637,216.96, a decrease of 11.06% from ¥1,396,005,394.00 at the end of the previous year[10] - The company's current assets totaled CNY 1,149,970,781.52, down from CNY 1,305,748,515.64 in the previous period[42] - Total liabilities were CNY 811,613,390.62, down from CNY 984,812,228.40, representing a decrease of about 17.6%[48] - The company's total equity reached CNY 396,095,829.73, reflecting a solid capital structure[95] - The total non-current liabilities stood at CNY 39,796,665.95, indicating manageable long-term debt levels[95] Shareholder Information - The company reported no significant changes in the number of shareholders or major shareholders during the reporting period[15] - There were no repurchase transactions conducted by the top 10 shareholders during the reporting period[18] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[38] - There were no violations regarding external guarantees during the reporting period[37] Government Support and Future Outlook - Government subsidies recognized in the current period amounted to ¥11,172,514.23, with a tax impact of ¥175,877.13[11] - The company expects significant growth in the domestic market due to government support for new energy construction as domestic projects resume[26] - The company plans to enhance R&D investment and expand both domestic and overseas markets to mitigate competition risks and pandemic impacts[32] Research and Development - Research and development expenses for the quarter were ¥9,399,742.44, down from ¥11,721,030.45, a decrease of about 20%[61] - Research and development expenses for the current period are ¥6,995,923.91, a decrease of 34.0% from ¥10,732,286.30 in the previous period[68]