宁波卡倍亿电气技术股份有限公司 2021 年第三季度报告 证券代码：300863 证券简称：卡倍亿 公告编号：2021-072 宁波卡倍亿电气技术股份有限公司 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 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 661,869,691.33 | 84.61% | 1,577,785,290.51 | ...

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 50 million, up 20% compared to the same period last year[15]. - Future guidance estimates a revenue growth of 18% for the second half of 2021[15]. - The company's operating revenue for the reporting period was ¥915,915,599.18, representing a 123.30% increase compared to ¥410,174,542.99 in the same period last year[21]. - The net profit attributable to shareholders was ¥31,454,729.21, up 43.93% from ¥21,854,042.11 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥25,741,725.96, reflecting an 18.47% increase from ¥21,729,333.98 in the previous year[21]. - The company's total assets increased by 13.38% to ¥1,355,141,207.48 from ¥1,195,237,441.10 at the end of the previous year[21]. - The company's total current assets reached CNY 886,791,606.20, up from CNY 826,544,302.99 at the end of 2020, indicating an increase of about 7.25%[128]. - The cash and cash equivalents stood at CNY 102,423,555.20, compared to CNY 100,803,699.61 at the end of 2020, showing a slight increase of 1.60%[127]. - The company reported a net cash flow from financing activities of ¥107,434,134.93, a 25.11% increase from ¥85,874,412.26, due to increased short-term borrowings to support working capital[39]. Research and Development - The company plans to invest RMB 20 million in R&D for new product development in the next fiscal year[15]. - R&D investment rose by 87.77% to ¥18,760,298.63 from ¥9,991,110.68, reflecting increased investment in new projects[39]. - The company has obtained 34 patents and 3 software copyrights, showcasing its commitment to R&D and innovation in the automotive cable sector[35]. - The company plans to increase R&D investment and introduce advanced technical talents to enhance its research department's capabilities and product performance[63]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by 2023[15]. - The company aims to actively explore the market for new energy vehicle cables, responding to the trend of new energy vehicles gradually replacing traditional cars[64]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities[15]. Operational Challenges and Risks - The management has identified risks related to supply chain disruptions and is implementing strategies to mitigate these risks[4]. - The company faces risks related to product technology innovation, particularly in meeting the evolving demands of the new energy vehicle market[62]. - Raw material costs, particularly copper, account for over 85% of the main business costs, making the company vulnerable to price fluctuations[65]. - High customer concentration poses a risk, as the top five customers account for a significant portion of sales, primarily from well-known automotive wiring companies[66]. - The company faces risks related to high inventory levels, which could lead to potential write-downs if market competition drives prices down[67]. - Labor costs are expected to rise, impacting profitability, prompting the company to enhance employee training and optimize compensation structures[67]. Shareholder and Governance Matters - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company has established good communication channels with investors, including online interactions and multiple voting options for shareholder meetings[79]. - The company has adhered to legal requirements for information disclosure, ensuring fair access to information for all investors[78]. - The company has a structured approach to governance and compliance, continuously improving its internal systems[78]. - The company has not engaged in entrusted financial management, derivative investments, or entrusted loans during the reporting period[56][57][58]. Financial Position and Equity - The company's total liabilities rose to CNY 762,779,411.16 from CNY 614,998,453.27, which is an increase of approximately 24.06%[129]. - The company's equity attributable to shareholders increased to CNY 592,361,796.32 from CNY 580,238,987.83, representing a growth of about 2.00%[130]. - The total equity of the company as of the end of the reporting period was ¥477,584,514.77, slightly down from ¥484,207,323.80 in the previous year[134]. - The company reported a net loss of CNY 19,331,920.72 in profit distribution for the first half of 2021[155]. Compliance and Legal Matters - The company did not engage in any major lawsuits or arbitration matters during the reporting period[91]. - There were no significant related party transactions or major contracts that required disclosure during the reporting period[92][99]. - The half-year financial report was not audited, indicating that the financial data may not have undergone external verification[88]. - The company is adhering to the regulations set forth by the Shenzhen Stock Exchange regarding shareholding and transfer restrictions[83]. Inventory and Asset Management - Inventory increased significantly to CNY 230,959,433.01 from CNY 183,565,081.86, marking an increase of about 25.76%[127]. - The company uses a perpetual inventory system for inventory management[199]. - The company recognizes impairment losses for financial assets when there is objective evidence of credit impairment[190].

Financial Performance - The company's revenue for Q1 2021 reached ¥438,222,966.18, representing a 197.64% increase compared to ¥147,234,174.81 in the same period last year[8] - Net profit attributable to shareholders was ¥12,032,816.40, up 22.82% from ¥9,797,466.24 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥11,550,399.29, reflecting a 19.02% increase from ¥9,704,401.53 in the previous year[8] - The basic earnings per share decreased by 8.33% to ¥0.22 from ¥0.24 in the same period last year[8] - The diluted earnings per share also decreased by 8.33% to ¥0.22 from ¥0.24 year-on-year[8] - The weighted average return on equity was 2.05%, down from 3.10% in the previous year[8] - The company reported a significant increase in accounts receivable, which decreased to CNY 404,710,684.63 from CNY 463,855,867.60, a decline of about 12.7%[58] - The company reported a net increase in cash and cash equivalents of ¥51,113,096.00, compared to a decrease of -¥654,858.85 in the previous period[76] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 50.15% to ¥40,342,708.62, down from ¥80,925,360.06 in the same period last year[8] - Cash and cash equivalents rose by 50.71% to CNY 151,916,795.61, primarily due to increased bank borrowings for operational needs[19][20] - Cash inflow from financing activities totaled ¥145,000,000.00, up from ¥82,500,000.00, marking an increase of about 75.6%[76] - The ending balance of cash and cash equivalents was ¥135,623,678.79, significantly higher than ¥35,045,455.99 at the end of the previous period, showing an increase of approximately 287.5%[76] - The net cash flow from financing activities was ¥85,329,238.73, a turnaround from a negative cash flow of -¥30,854,975.14 in the previous period[76] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,303,786,864.35, a 9.08% increase from ¥1,195,237,441.10 at the end of the previous year[8] - The total liabilities increased by 15.69% to ¥711,515,060.12, up from ¥614,998,453.27[25] - Current assets totaled CNY 873,793,806.23, up from CNY 826,544,302.99, indicating an increase of about 5.7%[58] - Non-current assets totaled CNY 429,993,058.12, up from CNY 368,693,138.11, showing a growth of approximately 16.6%[58] - Total liabilities amounted to CNY 711,515,060.12, compared to CNY 614,998,453.27, reflecting an increase of around 15.7%[60] Investment and Expenses - Research and development expenses surged by 209.55% to ¥9,614,194.20, indicating increased investment in new projects[30] - The company’s financial expenses increased by 101.26% to ¥4,557,196.76, primarily due to a significant rise in interest on working capital loans[35] - Cash outflow for purchasing goods and services was ¥500,574,886.48, compared to ¥167,074,161.28 in the previous period, reflecting an increase of approximately 199.5%[75] - Total cash outflow for investment activities was ¥74,646,527.62, compared to ¥50,725,243.77 in the previous period, indicating an increase of about 47.2%[75] Operational Highlights - The company has maintained long-term cooperation with high-quality clients in the automotive cable industry, leading to increased sales[47] - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge in the industry[59] - The company has not encountered any issues with the use or disclosure of raised funds during the reporting period[51] - There are no adverse impacts from major risk factors or operational difficulties reported for the company[47]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-on-year growth of 20%[153]. - The company's operating revenue for 2020 was ¥1,263,873,143.58, representing a 38.41% increase compared to ¥913,121,311.01 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥52,905,644.68, a decrease of 12.33% from ¥60,349,590.85 in 2019[19]. - The net profit attributable to the parent company was 52.91 million yuan, a year-on-year decrease of 12.34%[67]. - The net profit after deducting non-recurring gains and losses was ¥32,516,156.08, down 40.22% from ¥54,390,979.30 in 2019[19]. - The total assets at the end of 2020 were ¥1,195,237,441.10, an increase of 83.84% from ¥650,166,979.86 at the end of 2019[19]. - The net assets attributable to shareholders at the end of 2020 were ¥580,238,987.83, up 86.30% from ¥311,449,683.72 at the end of 2019[19]. - The company reported a basic earnings per share of ¥1.15, down 21.23% from ¥1.46 in 2019[19]. - The weighted average return on equity was 12.91%, a decrease of 8.55% from 21.46% in 2019[19]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[153]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 3.5 RMB per 10 shares (including tax) based on 55,230,000 shares[5]. - The cash dividend represents 36.54% of the net profit attributable to ordinary shareholders for the year 2020, which is 52,905,644.68 CNY[151]. - The cash dividend payout ratio for 2020 is 100% of the distributable profit[148]. - The company did not distribute any dividends in the previous two years (2018 and 2019)[149]. - The profit distribution plan aligns with the company's articles of association and dividend management policies[148]. - The company reported a distributable profit of 234,895,305.63 CNY for the year 2020[148]. - No new shares will be issued as part of the profit distribution plan for 2020[149]. Operational Highlights - The company specializes in the R&D, production, and sales of automotive cables, including conventional cables, aluminum cables, and new energy cables[28]. - The company operates multiple wholly-owned subsidiaries, including Chengdu KBE and Benxi KBE, enhancing its market presence[10]. - The company has three major production bases located in Ninghai, Benxi, and Chengdu, adopting a sales-driven production model[43]. - The company achieved a production volume of 3,177,080.14 km for automotive components, representing a year-on-year increase of 57.20%[75]. - The sales volume of automotive components reached 3,006,785.3 km, an increase of 49.46% compared to the previous year[75]. - The company generated CNY 72.64 million in revenue from the sales of new energy vehicle cables, with a production capacity of 28,464.2 km[78]. - Domestic sales accounted for 89.90% of total revenue, while international sales surged by 288.93% to CNY 127.71 million[81]. Research and Development - The company emphasizes R&D investment, focusing on high-voltage cables for new energy vehicles and intelligent connected vehicle cables[72]. - The company has developed 32 patents and 3 software copyrights, enhancing its technological capabilities and product offerings[63]. - Research and development expenses increased by 50.67% to ¥32,462,106.50, accounting for 2.57% of total revenue[93]. - Investment in R&D increased by 30% year-on-year, focusing on innovative technologies and product development[154]. Market and Industry Trends - The automotive cable industry is cyclical and influenced by macroeconomic conditions, with seasonal sales peaks typically occurring in the second half of the year[56][57]. - The automotive cable market is expected to grow rapidly due to the transition from traditional fuel vehicles to new energy vehicles[123]. - The trend towards electric and intelligent vehicles is increasing the demand for high-voltage cables, which are more valuable than traditional low-voltage cables[123]. Risks and Challenges - The company recognizes the risk of product technology innovation, as increasing performance requirements for automotive cables may impact its competitive position if it fails to adapt[133]. - The company faces operational risks due to fluctuations in the automotive industry, which could adversely affect its revenue if the market remains sluggish[134]. - The company’s main raw material, copper, constitutes over 85% of its main business costs, making it vulnerable to price fluctuations that could impact profit margins[135]. - The company has a high customer concentration risk, with its top five customers accounting for a significant portion of sales, which could negatively affect performance if any major customer is lost[138]. - The company acknowledges the risk of rising labor costs impacting profitability as the Chinese economy continues to evolve[140]. Corporate Governance and Structure - The company has appointed Dongguan Securities as its sponsor institution, with a continuous supervision period from August 24, 2020, to December 31, 2023[18]. - The company successfully listed on the Shenzhen Stock Exchange on August 24, 2020, raising a net amount of CNY 216 million from the issuance of 13,810,000 shares[68]. - The actual controller of the company is a domestic natural person, Lin Guangyao, who serves as the chairman and general manager[199]. - The company did not experience any changes in its controlling shareholder during the reporting period[198]. - The company has not conducted any repurchase transactions among its top shareholders during the reporting period[196]. Social Responsibility - The company emphasizes social responsibility, focusing on environmental protection and providing quality employment opportunities[176]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[179].

Financial Performance - The company's operating revenue for Q1 2021 was ¥438,222,966.18, representing a 197.64% increase compared to ¥147,234,174.81 in the same period last year[8]. - The net profit attributable to shareholders was ¥12,032,816.40, up 22.82% from ¥9,797,466.24 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥11,550,399.29, reflecting a 19.02% increase from ¥9,704,401.53 in the previous year[8]. - The basic earnings per share decreased by 8.33% to ¥0.22 from ¥0.24 in the same period last year[8]. - The diluted earnings per share also decreased by 8.33% to ¥0.22 from ¥0.24 year-on-year[8]. - The weighted average return on equity was 2.05%, down from 3.10% in the previous year[8]. - The total operating revenue for the first quarter of 2021 was CNY 438,222,966.18, a significant increase from CNY 147,234,174.81 in the same period last year, representing a growth of approximately 197.5%[65]. - Net profit for Q1 2021 reached CNY 12,032,816.40, compared to CNY 9,797,466.24 in Q1 2020, marking an increase of 22.6%[67]. - Operating profit for Q1 2021 was CNY 13,761,606.61, compared to CNY 11,876,054.29 in the previous year, an increase of 15.9%[67]. - The total comprehensive income for Q1 2021 was CNY 12,032,816.40, compared to CNY 9,797,466.24 in Q1 2020, reflecting a growth of 22.6%[68]. Cash Flow - The net cash flow from operating activities decreased by 50.15% to ¥40,342,708.62, down from ¥80,925,360.06 in the same period last year[8]. - Cash flow from operating activities for Q1 2021 was CNY 543,047,475.51, significantly higher than CNY 270,555,245.19 in the same period last year[74]. - The net cash flow from operating activities for the first quarter was ¥40,342,708.62, a decrease of 50% compared to ¥80,925,360.06 in the previous year[75]. - Total cash inflow from operating activities amounted to ¥562,573,272.97, up from ¥274,971,141.60, representing an increase of 104%[75]. - Cash outflow from operating activities was ¥522,230,564.35, compared to ¥194,045,781.54, indicating a rise of 169%[75]. - The ending balance of cash and cash equivalents was ¥135,623,678.79, up from ¥35,045,455.99, reflecting a growth of 287%[76]. - The company reported a total cash inflow from operating activities of ¥428,555,380.70, significantly higher than ¥165,331,594.32 in the previous year, marking an increase of 159%[77]. - The cash outflow for purchasing goods and services was ¥392,009,853.72, compared to ¥108,530,996.67, which is an increase of 262%[77]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,311,879,132.74, a 9.76% increase from ¥1,195,237,441.10 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 2.07% to ¥592,271,804.23 from ¥580,238,987.83 at the end of the previous year[8]. - The company's total liabilities increased by 17.01% to ¥719,607,328.51 from ¥614,998,453.27 at the end of 2020[25]. - The total amount of raised funds utilized in the quarter was RMB 5.61 million, with a cumulative investment of RMB 21.08 million, achieving 97.67% of the planned investment[49]. - The total assets increased to CNY 1,311,879,132.74 as of March 31, 2021, compared to CNY 1,195,237,441.10 at the end of 2020, reflecting a growth of about 9.7%[60]. - The total liabilities rose to CNY 719,607,328.51, up from CNY 614,998,453.27, indicating an increase of approximately 17%[58]. - The total owner's equity rose by 2.07% to ¥592,271,804.23, compared to ¥580,238,987.83 at the end of 2020[28]. Operational Efficiency - Accounts receivable decreased by 12.75% to ¥404,710,684.63 from ¥463,855,867.60, indicating improved collection efficiency[22]. - Inventory grew by 8.52% to ¥199,206,958.36, indicating a strategic buildup in stock to meet anticipated demand[22]. - The company reported a decrease of 48.55% in other receivables to ¥2,720,958.27, primarily due to the collection of prior export tax refunds[23]. - Fixed assets rose by 11.54% to ¥137,876,067.16, reflecting ongoing investments in operational capacity[22]. - The company received government subsidies amounting to ¥53,475.00 during the reporting period[9]. - The company reported a 770.00% increase in notes payable, rising to ¥87,000,000.00, attributed to a substantial growth in operating scale[25]. - Prepayments rose significantly by 277.26% to ¥22,763,934.10, driven by a substantial increase in production and raw material procurement[23]. - Research and development expenses surged by 209.55% to ¥9,614,194.20, reflecting increased investment in new projects[29]. Risks and Compliance - The company has not experienced any major risks or difficulties affecting its operations during the reporting period[46]. - The company reported no changes in the use of raised funds and no issues in the disclosure of fund usage[50]. - There were no overdue commitments from major shareholders or related parties during the reporting period[52]. - The company does not anticipate any significant changes in project feasibility or expected benefits from the investment projects[50]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[52]. - The company did not adjust the initial balance sheet items due to the new leasing standards as it acts as a lessor[81].

Financial Performance - The company's operating revenue for 2020 was ¥1,263,873,143.58, representing a 38.41% increase compared to ¥913,121,311.01 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥52,905,644.68, a decrease of 12.33% from ¥60,349,590.85 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥32,516,156.08, down 40.22% from ¥54,390,979.30 in 2019[18]. - The total assets at the end of 2020 amounted to ¥1,195,237,441.10, an increase of 83.84% from ¥650,166,979.86 at the end of 2019[18]. - The company's cash flow from operating activities was negative at -¥272,895,099.90, a decline of 405.15% compared to ¥89,430,840.49 in 2019[18]. - The basic earnings per share for 2020 was ¥1.15, down 21.23% from ¥1.46 in 2019[18]. - The company reported a weighted average return on equity of 12.91%, a decrease of 8.55% from 21.46% in 2019[18]. - The company achieved operating revenue of 1,263.87 million yuan, a year-on-year increase of 38.41%[51]. - The net profit attributable to shareholders was 52.91 million yuan, a year-on-year decrease of 12.34%[51]. - Total assets as of December 31, 2020, were CNY 1,195.24 million, reflecting an 83.84% year-on-year growth[66]. Shareholder Information - The company reported a profit distribution plan of 3.5 RMB per 10 shares (including tax) for a total of 55,230,000 shares[5]. - The cash dividend represents 36.54% of the net profit attributable to ordinary shareholders, which is 52,905,644.68 CNY for the year 2020[147]. - The total distributable profit for the year is 234,895,305.63 CNY, with the cash dividend amounting to 100% of the profit distribution[144]. - The company did not distribute any dividends in 2018 and 2019, marking 2020 as the first year of cash dividend distribution[145]. - The cash dividend proposal is subject to approval at the company's 2020 annual general meeting[145]. Corporate Structure and Operations - The company operates multiple wholly-owned subsidiaries, including Chengdu KBE and Benxi KBE, enhancing its operational footprint[9]. - The company has established long-term partnerships with major automotive wiring harness manufacturers, including Aptiv, Yazaki, and Lear, supplying to leading automotive manufacturers like Volkswagen, BMW, and Ford[52]. - The company has a dedicated investor relations email for shareholder inquiries, indicating a focus on communication[14]. - The company has appointed a specific accounting firm for its financial audits, ensuring compliance and transparency[16]. - The company has established a wholly-owned subsidiary in Hong Kong, expanding its consolidation scope[86]. Market Position and Products - The company specializes in the research, production, and sales of automotive cables, including conventional cables, aluminum cables, and new energy cables[27]. - The company is positioned as a secondary supplier in the automotive supply chain, providing cable solutions to primary suppliers after obtaining product certification from automotive manufacturers[27]. - The company primarily supplies various specifications and standards of automotive cables to harness manufacturers, generating revenue through this supply chain model[34]. - The company has established itself as a qualified supplier for major automotive manufacturers including Volkswagen, General Motors, Ford, BMW, and Toyota[44]. - The company focuses on maintaining stable product quality and comprehensive after-sales service to secure and increase order volumes from existing customers[44]. Research and Development - The company holds 32 patents and 3 software copyrights, reflecting its commitment to innovation and technology development[62]. - The company focused on R&D in high-voltage cables for new energy vehicles and intelligent connected vehicles, enhancing its competitive edge[71]. - The company plans to invest 100 million RMB in R&D for new technologies over the next year[150]. - The company aims to gradually achieve import substitution for high-voltage cables used in electric vehicles, focusing on domestic production of XLPE and silicone rubber cables[122]. Risks and Challenges - The company faces risks related to product technology innovation, as increasing performance requirements for automotive cables necessitate ongoing technical advancements[131]. - The company is exposed to operational risks due to cyclical fluctuations in the automotive industry, which could adversely affect its revenue from automotive cable sales[132]. - The company's raw material costs, particularly copper, account for over 85% of its main business costs, making it vulnerable to price fluctuations[133]. - High customer concentration poses a risk, as the top five customers account for a significant portion of sales, potentially impacting the company's bargaining power[136]. - The company is at risk of inventory depreciation due to increased inventory levels as it scales, which could lead to financial losses if market prices decline[137]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[150]. - The company plans to strengthen its core competitiveness by continuously improving product processes and developing insulation material formulas, targeting sustained growth in main business revenue[124]. - The company intends to expand its market share by enhancing product quality and actively pursuing potential customers in the new energy vehicle and intelligent connected vehicle sectors[126]. Compliance and Governance - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[148]. - The company has not issued a non-standard audit report for the reporting period[154]. - The company appointed Lixin Accounting Firm as its auditor, with an audit fee of 700,000 RMB and a continuous service period of 8 years[155]. - There were no significant lawsuits or arbitration matters during the reporting period[157].

Financial Performance - Operating revenue for the current period was CNY 358,524,439.71, a 48.04% increase year-on-year[9] - Net profit attributable to shareholders decreased by 32.18% to CNY 9,666,412.79 compared to the same period last year[9] - Basic earnings per share decreased by 38.95% to CNY 0.210[9] - Weighted average return on equity decreased by 53.83% to 2.36%[9] - The company reported a significant decrease in net profit due to increased costs and lower sales volume[9] - Total operating revenue for Q3 2020 reached CNY 358,524,439.71, compared to CNY 242,184,816.91 in the same period last year, indicating a significant increase[37] - Net profit for Q3 2020 was CNY 9,666,412.79, down from CNY 14,252,604.04 in Q3 2019, reflecting a decrease of approximately 32.5%[39] - The company's total operating revenue for the current period reached ¥768,698,982.70, an increase from ¥627,859,940.87 in the previous period, representing a growth of approximately 22.5%[46] - The operating profit for the current period was ¥40,000,736.78, compared to ¥42,103,179.07 in the previous period, indicating a decrease of about 5%[47] - The net profit for the current period was ¥31,520,454.90, down from ¥35,219,758.57 in the previous period, reflecting a decline of approximately 10.5%[47] Assets and Liabilities - Total assets increased by 54.21% to CNY 1,002,607,826.92 compared to the end of the previous year[9] - The company's total assets reached ¥1.00 billion, up from ¥650.17 million at the end of the previous year[30] - The company's total liabilities increased to ¥443.75 million, compared to ¥338.72 million at the end of the previous year[31] - The company's total liabilities reached CNY 432,483,298.29, compared to CNY 324,176,854.25 in the previous year, showing an increase of around 33.5%[35] - Cash and cash equivalents increased by 201.76% compared to the end of the previous year, mainly due to the increase in funds raised from the initial public offering[17] - Current assets increased to CNY 508,688,551.47 from CNY 396,890,763.99, marking a rise of approximately 28.1%[34] Shareholder Information - Net assets attributable to shareholders increased by 79.44% to CNY 558,853,798.05 compared to the end of the previous year[9] - The total number of ordinary shareholders at the end of the reporting period was 17,184[13] - The largest shareholder, Ningbo Xinxie Investment Management Co., Ltd., holds 60.84% of the shares[13] - The total equity attributable to shareholders of the parent company increased to CNY 558,853,798.05 from CNY 311,449,683.72, a growth of approximately 79.6%[34] Cash Flow - Net cash flow from operating activities was negative at CNY -99,652,306.26, a decrease of 1,125.19% year-on-year[9] - The net cash flow from operating activities for the current period is -115,967,728.02 CNY, compared to 84,945,392.50 CNY in the previous period[57] - The company received cash from operating activities totaling ¥832,262,047.21, an increase from ¥728,554,595.93 in the previous period[55] - Total cash inflow from financing activities reached 620,369,900.00 CNY, significantly up from 140,400,000.00 CNY in the previous period[59] - The net cash flow from financing activities is 389,347,570.58 CNY, compared to -44,219,791.97 CNY in the previous period, indicating a strong improvement[59] Expenses - Research and development expenses rose by 45.97% year-on-year, reflecting increased investment in new projects[19] - Research and development expenses for Q3 2020 were CNY 8,496,319.62, up from CNY 5,410,927.22 in Q3 2019, indicating a year-over-year increase of approximately 57.5%[38] - Research and development expenses increased to ¥18,487,430.30 from ¥12,664,832.83, marking a rise of about 46%[46] - Sales expenses rose to ¥8,525,747.57, an increase of 42.5% compared to ¥5,963,263.85 in the previous period[50] - The company reported a total cost of sales of CNY 324,712,004.08 for Q3 2020, compared to CNY 204,116,056.68 in the same period last year, representing an increase of about 59%[38] Investment Activities - The net cash flow from investment activities was -231,873,983.48 CNY, compared to -34,676,517.93 CNY in the previous period, indicating increased investment expenditures[57] - The company received 241,469,900.00 CNY from investment activities, with a notable increase in borrowings to 378,900,000.00 CNY from 140,400,000.00 CNY in the previous period[57] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[43]