Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[15]. - The company's operating revenue for the first half of 2022 was ¥1,207,789,529.72, representing a 31.87% increase compared to ¥915,915,599.18 in the same period last year[21]. - Net profit attributable to shareholders was ¥50,182,424.91, a 59.54% increase from ¥31,454,729.21 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥50,469,820.70, up 96.06% from ¥25,741,725.96 in the previous year[21]. - Basic earnings per share increased to ¥0.91, a rise of 59.65% compared to ¥0.57 in the same period last year[21]. - The company reported a net profit of 19.33 million yuan for the first half of 2022, reflecting a significant increase compared to the previous year's 16.56 million yuan[171]. - The total comprehensive income for the period was 182,420,000 CNY, consistent with the previous period[162]. Market Expansion and Growth Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% growth in that region by the end of 2023[15]. - The management has set a performance guidance of 10-15% revenue growth for the second half of 2022[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[149]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[163]. - The company plans to enhance its research and development capabilities and improve customer service to increase market share in the new energy vehicle cable market[68]. Research and Development - The company has allocated RMB 20 million for research and development in new technologies for electric vehicles[15]. - The company's R&D investment increased by 55.05% to ¥29,088,114.62, driven by new project investments during the reporting period[39]. - The company plans to increase R&D investment and attract advanced technical talent to enhance its competitive advantage[67]. - The company has initiated research and development for new technologies aimed at enhancing operational efficiency[166]. Risks and Challenges - The company faces risks related to supply chain disruptions and fluctuating raw material costs, which may impact future performance[15]. - The company faces risks related to product technology innovation, particularly in meeting the evolving demands of the automotive cable market[67]. - Approximately 85% of the main business cost is attributed to copper materials, making the company vulnerable to fluctuations in raw material prices, which can impact product pricing and gross profit margins[69]. - The company faces financial risks due to high accounts receivable, which could lead to bad debt losses if customer financial conditions deteriorate[70]. - The company has a significant inventory balance, which poses a risk of inventory write-downs if market competition leads to price reductions[70]. Financial Position and Assets - The company's total assets at the end of the reporting period were ¥2,135,864,991.19, a decrease of 0.75% from ¥2,151,917,673.93 at the end of the previous year[21]. - The company's total assets decreased to CNY 1,744,069,965.10 from CNY 1,862,003,257.26 at the end of the previous year[147]. - The total liabilities decreased to CNY 1,214,807,432.69 from CNY 1,345,974,531.43 at the end of the previous year[147]. - The total equity attributable to shareholders at the end of the reporting period was 55,230.00 million, with a significant increase in retained earnings[167]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 11,439[116]. - The largest shareholder, Ningbo Xie Shi Industrial Group Co., Ltd., holds 60.84% of shares, totaling 33,600,000 shares, with 1,903,000 shares pledged[116]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[120]. - The company has fulfilled all commitments made by controlling shareholders and related parties during the reporting period, with no overdue commitments as of the end of the reporting period[88]. Cash Flow and Financing Activities - The net cash flow from operating activities was -¥12,657,743.09, a decrease of 7.79% compared to the previous period, primarily due to increased procurement payments[39]. - The cash flow from operating activities showed a net outflow of CNY 12,657,743.09, slightly worse than the outflow of CNY 11,743,054.07 in the same period last year[155]. - The financing activities generated a net cash outflow of CNY 62,258,399.28, a decrease from a net inflow of CNY 107,434,134.93 in the first half of 2021[157]. - The total cash inflow from financing activities was 416,500,000.00 CNY, up from 214,217,113.75 CNY in the previous period, reflecting a strong increase in borrowing[159]. Corporate Governance and Compliance - The financial report was approved by the board of directors on August 26, 2022[175]. - The financial statements are prepared based on the going concern assumption, indicating the company has the ability to continue operations for at least 12 months from the reporting date[177]. - The accounting policies comply with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2022[179]. - The company did not engage in entrusted financial management, derivative investments, or entrusted loans during the reporting period[60][61][62].

宁波卡倍亿电气技术股份有限公司 2022 年第一季度报告全文 | 证券代码：300863 | 证券简称：卡倍亿 | 公告编号：2022-043 | | --- | --- | --- | | 债券代码：123134 | 债券简称：卡倍转债 | | 宁波卡倍亿电气技术股份有限公司 2022 年第一季度报告 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.第一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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 614,360,437.31 | 438,222 ...

Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares to all shareholders, based on a total of 55,230,000 shares[4]. - The company plans to distribute a cash dividend of RMB 3 per 10 shares (including tax) for the 2021 fiscal year, totaling RMB 16,569,000[191]. - The company reported a total distributable profit of 298,318,952.80 CNY, with the cash dividend amounting to 5.55% of the total profit distribution[179]. Financial Performance - The company's operating revenue for 2021 was ¥2,267,907,935.52, representing a 79.44% increase compared to ¥1,263,873,143.58 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥86,341,032.11, a 63.20% increase from ¥52,905,644.68 in 2020[17]. - The net profit after deducting non-recurring gains and losses was ¥75,264,526.86, which is a 131.47% increase from ¥32,516,156.08 in 2020[17]. - The total assets at the end of 2021 were ¥2,151,917,673.93, an increase of 80.04% from ¥1,195,237,441.10 at the end of 2020[17]. - The basic earnings per share for 2021 was ¥1.56, up 35.65% from ¥1.15 in 2020[17]. - The company achieved total operating revenue of CNY 2,267,907,935.52 in 2021, representing a year-on-year growth of 79.44%[60]. - The net profit attributable to shareholders reached CNY 86,341,000, marking a 63.20% increase compared to the previous year[60]. Market and Industry Insights - The automotive industry in China saw production and sales of 26.27 million vehicles in 2021, marking a year-on-year increase of 3.8%[27]. - The automotive cable industry is experiencing stable growth due to rising national consumption levels and urbanization[29]. - The automotive cable market is characterized by seasonal fluctuations, with demand peaking in the second half of the year[30]. - The automotive cable industry is characterized by strong regional clustering, with major manufacturers concentrated in six key areas, including the Yangtze River Delta and Pearl River Delta[110]. - The transition to electric and intelligent vehicles is driving demand for high-voltage cables, which can operate at voltages of 600V to 1,000V, indicating a higher value compared to traditional cables[112]. - New energy vehicles (NEVs) sales exceeded 3.5 million units in 2021, achieving a market share of 13.4%[108]. Research and Development - The company has a strong technical R&D team, enhancing its ability to meet diverse customer requirements and improve market share[31]. - The company has obtained 38 patents and 3 software copyrights, enhancing its technological research and development capabilities[57]. - The company is currently working on multiple R&D projects aimed at expanding its product offerings in high-voltage cables for new energy vehicles[80]. - The company plans to increase R&D investment to enhance technical capabilities and accelerate the development of new products, including special cables for data, aluminum, and new energy high-voltage applications[119]. - The company's R&D expenses increased by 63.24% year-on-year to ¥52,992,036.57, reflecting significant investment in new projects[79]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholders[137]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal requirements for composition[138]. - The company maintains a strict information disclosure policy, providing timely and accurate information to shareholders and investors[140]. - The company has established a comprehensive internal control system in compliance with relevant laws and regulations, enhancing governance and risk management[183]. - The company has not faced any environmental penalties during the reporting period, indicating a commitment to environmental responsibility[191]. Operational Risks - The company faces risks related to product technology innovation, particularly in meeting the evolving demands of the automotive cable market[126]. - The company is exposed to operational risks due to fluctuations in the automotive industry, which could impact its revenue from cable sales[127]. - The company's raw material costs, particularly copper, account for over 80% of its main business costs, making it vulnerable to price volatility[128]. - High customer concentration poses a risk, as the top five customers account for a significant portion of sales, affecting the company's bargaining power[130]. - The company is at risk of inventory depreciation due to increased inventory levels as it scales up operations, which could lead to potential losses[133]. Employee and Management Structure - The total number of employees at the end of the reporting period was 757, with 517 in production, 31 in sales, 58 in technology, 18 in finance, and 133 in administration[174]. - The company has established a comprehensive salary management system, combining basic and performance-based compensation to incentivize employees[175]. - The company conducted various training programs to enhance employee skills and management capabilities[176]. - The number of R&D personnel increased by 3.57% to 58, with a notable rise in the number of employees under 30 years old[82]. Shareholder Structure and Commitments - The company reported a total shareholding of 3,474,050 shares at the end of the reporting period, with a decrease of 137,950 shares during the period[148]. - The lock-up period for shares held by major shareholders is set for 36 months from the date of the initial public offering, with specific conditions for extension if stock prices fall below the offering price[196]. - The company has committed to not repurchasing shares during the lock-up period, ensuring stability in shareholding[196]. - The commitments made by shareholders are in line with standard practices for newly listed companies, promoting investor confidence[196]. - The company has maintained transparency in reporting shareholding changes and compliance with lock-up agreements[197].

宁波卡倍亿电气技术股份有限公司 2022 年第一季度报告全文 | 证券代码：300863 | 证券简称：卡倍亿 | 公告编号：2022-033 | | --- | --- | --- | | 债券代码：123134 | 债券简称：卡倍转债 | | 宁波卡倍亿电气技术股份有限公司 2022 年第一季度报告 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.第一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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 614,360,437.31 | 438,222 ...

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 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 - 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].