宁波迦南智能电气股份有限公司 2022 年第三季度报告 证券代码：300880 证券简称：迦南智能 公告编号：2022-037 宁波迦南智能电气股份有限公司 2022 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 1 其他符合非经常性损益定义的损益项目的具体情况： □适用 ☑不适用 宁波迦南智能电气股份有限公司 2022 年第三季度报告 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 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥337,295,040.36, representing a 22.38% increase compared to ¥275,619,470.57 in the same period last year[23]. - The net profit attributable to shareholders was ¥54,386,008.12, an increase of 11.49% from ¥48,780,486.00 in the previous year[23]. - The net cash flow from operating activities improved significantly to ¥120,737,941.46, a 304.25% increase from a negative cash flow of ¥59,112,661.21 in the same period last year[23]. - The basic earnings per share rose to ¥0.2832, up 11.50% from ¥0.2540 in the previous year[23]. - The total assets at the end of the reporting period were ¥1,013,806,624.60, a decrease of 1.77% from ¥1,032,097,035.10 at the end of the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥47,083,257.16, a 6.97% increase from ¥44,014,741.84 in the same period last year[23]. - The total profit for the first half of 2022 was CNY 62,632,683.56, compared to CNY 57,349,048.22 in the same period of 2021, reflecting a growth of 9.99%[163]. - The gross profit margin improved to 26.87% in the first half of 2022, compared to 31.66% in the same period of 2021[165]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,013,806,624.60, a decrease of 1.77% from ¥1,032,097,035.10 at the end of the previous year[23]. - The total liabilities decreased to ¥272,008,535.74 from ¥307,685,654.36, showing improved financial stability[156]. - The company's total current assets amounted to ¥758,839,519.06, a decrease from ¥842,378,142.62 on January 1, 2022, representing a decline of approximately 9.9%[154]. - The company's cash and cash equivalents were ¥215,045,011.04 as of June 30, 2022, down from ¥228,260,719.67 at the beginning of the year, indicating a decrease of about 5.3%[154]. - The total owner's equity at the end of the reporting period includes 192,038,400 CNY in capital stock and 286,259,291 CNY in retained earnings[177]. Investment and R&D - Research and development investment rose by 22.41% to ¥13,561,119.14, indicating a commitment to innovation[46]. - The company has established multiple provincial-level research and development platforms and holds 25 invention patents and 50 utility model patents[40]. - The company is engaged in the research and development of new energy technologies and energy storage services[63]. - The company has ongoing construction projects with capitalized costs of CNY 138,400,950.12, up from CNY 115,775,505.57, indicating expansion plans[159]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company granted 2.45 million restricted stock units to 68 incentive recipients as part of its 2021 stock incentive plan[92]. - The company emphasizes shareholder rights protection by ensuring equal treatment of all shareholders and providing timely information disclosure through various channels[97]. - The total number of restricted shares increased by 18,003,600 shares, bringing the total to 108,021,600 shares[138]. - The largest shareholder, Cixi Yaocreat Electronics Co., Ltd., holds 37.50% of the shares, totaling 72,014,400 shares[140]. Market Position and Strategy - The company is positioned in the smart meter industry, which is experiencing a transition towards high-quality, high-technology, and high-value-added products[33]. - The demand for smart meters is primarily driven by electricity users, accounting for 90% of the total market demand[32]. - The company aims to enhance its core competitiveness through continuous technological innovation and product upgrades to meet customer needs[39]. - The company is actively pursuing market expansion through new product development and strategic partnerships[129]. Risk Management - The company faces risks from the ongoing pandemic, including shortages of upstream components, particularly chips, and rising raw material prices, which may impact operations and delivery times[81]. - The company plans to mitigate risks by researching market trends for components, optimizing product structure, and expanding supplier channels[81]. - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[3]. Compliance and Governance - The company has complied with all regulations regarding the management and use of raised funds, with no violations reported[72]. - The company has not reported any significant litigation or arbitration matters during the reporting period[109]. - There are no significant related party transactions or non-operating fund occupation by controlling shareholders during the reporting period[105][111]. - The company’s financial statements comply with the requirements of the enterprise accounting standards, ensuring accurate reflection of financial status and operating results[200].

Financial Performance - The company reported a total revenue of 160 million RMB for the year 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was 30 million RMB, an increase of 20% compared to the previous year[17]. - The company's operating revenue for 2021 was ¥668,956,814.69, representing a 31.73% increase compared to ¥507,828,862.57 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥106,101,122.08, a 34.43% increase from ¥78,926,276.38 in 2020[21]. - The total profit for the year was 121.83 million CNY, an increase of 33.82% compared to the previous year[43]. - The company achieved a revenue of 668.96 million CNY in 2021, representing a year-on-year growth of 31.73%[43]. - The company reported a significant decrease in net cash flow from operating activities, which was ¥10,362,561.77 in 2021, down 51.10% from ¥21,190,337.29 in 2020[21]. - The company reported a total revenue of 1.5 billion RMB for the year 2021, representing a year-on-year growth of 20%[181]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling approximately 48 million RMB[6]. - The company proposed a cash dividend of RMB 3.00 per 10 shares, totaling RMB 48,009,600.00, which represents 100% of the profit distribution[155]. - The company plans to increase its share capital by 2 shares for every 10 shares held, using capital reserves[157]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in sales in this region for 2022[17]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[134]. - The company plans to produce 3.5 million smart electric meters and information collection terminals by June 2022, delayed from December 2021 due to pandemic-related disruptions and raw material shortages[85]. - The company aims to strengthen its core business in energy measurement while enhancing innovation capabilities and brand value[94]. Research and Development - The company is investing in R&D, with a budget increase of 15% for 2022, focusing on innovative technologies in smart grid solutions[17]. - Research and development expenses amounted to ¥25,327,300, a 34.62% increase from the previous year, accounting for 3.85% of total operating revenue[47]. - The company completed a strategic acquisition of a local competitor for 300 million RMB, expected to enhance market competitiveness[134]. - Research and development investments increased by 30%, totaling 150 million RMB, aimed at enhancing product innovation[134]. Product Development - New product development includes the launch of a next-generation smart meter with enhanced data processing capabilities, expected to be released in Q3 2022[17]. - The company is committed to developing a digital energy platform, providing comprehensive solutions for energy consumption analysis and carbon footprint assessment[97]. - The company aims to increase its production capacity by 40% in 2022 to meet rising demand[182]. Customer and Market Trends - User data indicates a growth in smart meter installations, reaching 1 million units by the end of 2021, up from 800,000 units in 2020[17]. - User data showed a 20% increase in active users, reaching 500,000 by the end of the reporting period[134]. - The domestic smart meter market is expected to benefit from the continuous iteration of the next-generation smart meters, presenting significant development opportunities[91]. Governance and Compliance - The company strictly adheres to the requirements of the Company Law and the Corporate Governance Guidelines, continuously improving internal control systems to enhance governance levels[109]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[112]. - The company has established a transparent information disclosure system, ensuring timely and accurate communication with shareholders[115]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities[118]. Financial Management - The company reported a fair value change loss of ¥960,676.78 on financial assets, with total financial assets at the end of the period amounting to ¥160,534,979.12[75]. - The company’s contract liabilities increased to ¥5,587,744.18, which is 0.54% of total assets, reflecting a significant rise due to increased customer prepayments for foreign trade sales orders[73]. - The company’s internal control measures are designed to prevent significant financial misstatements and ensure accurate reporting[165]. Social Responsibility and Employee Welfare - The company actively fulfills its social responsibilities, including tax compliance and support for local economic development[176]. - The company has implemented measures to protect employee health during the pandemic, including providing protective supplies and conducting thorough disinfection[176]. - Employee rights are prioritized, with a focus on providing equal development opportunities and a supportive work environment[174]. Risks and Challenges - The company faces risks from ongoing pandemic impacts, particularly in component shortages and rising raw material prices, and plans to optimize product structure to mitigate these risks[102]. - The company recognizes the risk of concentrated customer base, primarily relying on two major power grid companies, and aims to diversify its market presence[104].

Financial Performance - The company's revenue for Q1 2022 was CNY 118,708,067.17, representing a 50.41% increase compared to CNY 78,925,227.23 in the same period last year[3] - Net profit attributable to shareholders was CNY 15,988,380.33, a 4.26% increase from CNY 15,335,256.84 year-on-year[3] - Total operating revenue for Q1 2022 reached ¥118,708,067.17, an increase of 50.5% compared to ¥78,925,227.23 in Q1 2021[24] - Net profit for Q1 2022 was ¥15,988,380.33, representing a 4.3% increase from ¥15,335,256.84 in Q1 2021[25] - The total comprehensive income attributable to the parent company was CNY 15,988,380.33, compared to CNY 15,335,256.84 in the previous period, reflecting an increase of approximately 4.3%[26] Cash Flow - The net cash flow from operating activities reached CNY 95,869,754.10, a significant increase of 366.68% compared to a negative cash flow of CNY -35,949,687.59 in the previous year[3] - Cash inflow from operating activities totaled CNY 261,253,180.72, compared to CNY 96,057,440.05 in the previous period, indicating a substantial increase[29] - The ending balance of cash and cash equivalents increased to CNY 214,165,418.91 from CNY 180,229,632.22 in the previous period, marking a rise of approximately 18.8%[30] - The company received CNY 80,000,000.00 from the recovery of investments, down from CNY 100,000,000.00 in the previous period[29] - The company reported a cash inflow of CNY 17,534,344.09 from financing activities, while cash outflow was CNY 201,938.81, resulting in a net cash flow from financing activities of -CNY 201,938.81[29] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,068,407,289.37, up 3.52% from CNY 1,032,097,035.10 at the end of the previous year[3] - The total liabilities for Q1 2022 were ¥322,502,378.30, an increase from ¥307,685,654.36 in Q1 2021[22] - The company's accounts receivable decreased from 288,772,636.58 RMB at the beginning of the year to 205,901,921.05 RMB by the end of the first quarter[20] - Inventory levels increased to ¥74,374,965.44 in Q1 2022 from ¥59,768,041.32 in Q1 2021, indicating a growth of 24.4%[22] Shareholder Information - The company had a total of 15,036 common shareholders at the end of the reporting period[13] - The company has a total of 90,018,000 restricted shares, which are set to be released on September 1, 2023[17] - The company’s total number of shares held by the top ten unrestricted shareholders includes significant stakes from Ningbo Hangzhou Bay New District Dingyao Enterprise Management Partnership and Cixi Yaochuang Electronics Technology Co., Ltd.[16] - The company’s total restricted shares held by Cixi Yaochuang Electronics Technology Co., Ltd. is 60,012,000 shares[17] - The company’s total number of shares held by the top ten shareholders participating in margin trading includes significant holdings by shareholders such as Yuan Yong and Wu Xunbiao[16] Operational Highlights - The company reported a 147.95% increase in prepayments, totaling CNY 74,833,809.94, primarily due to increased advance payments for inventory[8] - The company's other income increased by 319.38% to CNY 3,036,057.03, mainly due to an increase in government subsidies[11] - The cash received from operating activities increased by 150.97% to CNY 231,262,575.48, driven by higher sales collections[12] - The company experienced a 336.27% increase in contract liabilities, reaching CNY 24,377,778.33, due to increased customer advance payments[8] - The company won a bid for the State Grid Corporation's procurement project, securing contracts for approximately 177,590 smart energy meters, with a total bid amount of approximately 57.5752 million RMB[18] - The company has a total of 132,590 A-level single-phase smart energy meters and 30,000 B-level three-phase smart energy meters included in the bid[18] Research and Development - Research and development expenses for Q1 2022 were ¥5,537,286.86, compared to ¥4,840,683.62 in Q1 2021, reflecting a growth of 14.4%[24] Earnings Per Share - The basic earnings per share decreased by 13.13% to CNY 0.0999 from CNY 0.1150 in the same period last year[3] - Basic and diluted earnings per share decreased to CNY 0.0999 from CNY 0.1150, representing a decline of about 13.5%[26] Audit Status - The report for the first quarter was not audited[31]

证券代码：300880 证券简称：迦南智能 公告编号：2021-056 宁波迦南智能电气股份有限公司 关于参加宁波辖区2021年度上市公司 投资者网上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。 为进一步加强与投资者的沟通交流，增强上市公司的透明度，提升公司治 理水平，促进公司规范运作，宁波迦南智能电气股份有限公司（以下简称"公 司"）将参加由宁波证监局、宁波上市公司协会与深圳市全景网络有限公司联合 举办的"宁波辖区2021年度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： 本次投资者网上集体接待日活动于2021年11月18日（星期四）下午15:00— —17:00举行，通过深圳市全景网络有限公司提供的网上交流平台，采用网络远 程方式召开，平台登陆地址为：http://rs.p5w.net/。 届时公司董事长章国耀先生、董事会秘书兼财务总监李楠先生将通过网络 文字交流形式，就公司治理、发展战略、经营情况、可持续发展等投资者关心 的问题，与投资者进行沟通与交流。 欢迎广大投资者踊跃参与。 特此公告。 宁波迦南智能电气股份有限 ...

宁波迦南智能电气股份有限公司 2021 年第三季度报告 证券代码：300880 证券简称：迦南智能 公告编号：2021-050 宁波迦南智能电气股份有限公司 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 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 147,630,126.65 | -4.97% | 423,249,597.22 | 30 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥275,619,470.57, representing a 64.15% increase compared to ¥167,907,347.95 in the same period last year[21]. - The net profit attributable to shareholders was ¥48,780,486.00, up 65.44% from ¥29,485,220.65 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥44,014,741.84, reflecting a 53.14% increase from ¥28,740,736.47 in the same period last year[21]. - The basic earnings per share increased by 3.39% to ¥0.3048 from ¥0.2948 in the previous year[21]. - The company achieved operating revenue of 275.62 million yuan, a year-on-year increase of 64.15%[29]. - The net profit attributable to shareholders was 48.78 million yuan, reflecting a growth of 65.44% compared to the previous year[29]. - The company's revenue for the reporting period reached ¥275,619,470.57, a year-on-year increase of 64.15% due to increased sales orders and effective pandemic control measures[45]. - Operating costs amounted to ¥186,874,552.29, reflecting a 66.04% increase compared to the previous year, primarily driven by higher sales revenue[45]. - The company reported a significant increase in income tax expenses, which rose by 104.04% to ¥8,568,562.22, driven by higher sales revenue and profits[45]. - The company reported a total profit of CNY 57,095,680.22 for the first half of 2021, compared to CNY 32,276,111.47 in the same period of 2020, reflecting an increase of approximately 77.0%[156]. Assets and Liabilities - The total assets at the end of the reporting period were ¥994,962,668.24, a slight decrease of 0.14% from ¥996,401,897.63 at the end of the previous year[21]. - The total liabilities decreased to CNY 329,233,412.29 from CNY 352,781,127.68, a reduction of about 6.7%[144]. - The equity attributable to the parent company increased to CNY 665,729,255.95 from CNY 643,620,769.95, showing an increase of approximately 3.4%[145]. - The company's total assets amounted to CNY 985,740,839.05, slightly down from CNY 990,081,961.04 at the end of 2020[149]. - The total liabilities decreased to CNY 325,962,462.23 from CNY 352,162,912.42 in the previous period[149]. Cash Flow - The company reported a net cash flow from operating activities of -¥59,112,661.21, an improvement of 36.84% compared to -¥93,587,542.59 in the same period last year[21]. - The net cash flow from operating activities improved by 36.84%, reaching -¥59,112,661.21, due to increased sales collections compared to the previous year[45]. - The cash and cash equivalents decreased by 70.43% to -¥125,026,210.50, primarily due to dividend payments[45]. - The cash inflow from investment activities was CNY 253,161,998.22, significantly higher than CNY 80,844,091.76 in the first half of 2020, representing an increase of approximately 212.5%[161]. - The net cash flow from investment activities was -22,545,526.48 CNY, compared to -10,051,273.88 CNY in the previous period, indicating a decline of approximately 124.8%[165]. Research and Development - The company has a strong R&D capability, supported by various certifications and a systematic approach to technology standards[39]. - Research and development expenses increased by 42.81% to ¥11,078,192.12, attributed to higher salaries and testing costs for R&D personnel[45]. - Research and development expenses for the first half of 2021 were CNY 11,078,192.12, compared to CNY 7,757,448.45 in the same period of 2020, indicating a 42.5% increase[150]. Market and Business Strategy - The company focuses on the research, production, and sales of smart meters and IoT devices, aiming to become a leading enterprise in global energy measurement and services[30]. - Major clients include State Grid and Southern Power Grid, indicating a strong customer base in the power industry[31]. - The demand from major clients is steadily increasing, driven by procurement activities and product upgrades[34]. - The smart meter market is expected to expand rapidly as digital smart grid construction progresses, enhancing the profitability of smart meters[36]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[150]. Shareholder and Equity Information - The company reported a total share capital of 160,032,000 shares after the recent changes, reflecting a 20.00% increase from the previous 133,360,000 shares[119]. - Basic earnings per share decreased by 30.55% from 0.7102 to 0.4932 after the share capital increase[121]. - The company distributed a cash dividend of 2.0 yuan per 10 shares, totaling 26,672,000 yuan, and capitalized 26,672,000 shares to shareholders[119]. - The total number of ordinary shareholders at the end of the reporting period is 16,807[126]. - The report indicates that the actual controllers hold a combined 56.25% of the company's shares through related entities[127]. Compliance and Governance - The company has not encountered any significant changes in project feasibility or major asset sales during the reporting period[62][66]. - The company has not engaged in any significant related-party transactions during the reporting period, maintaining transparency in its operations[99]. - The company has not faced any environmental penalties and adheres to national environmental protection laws[81]. - The financial report for the first half of 2021 was not audited, indicating a need for further financial scrutiny[140]. - The financial reports comply with the latest accounting standards issued by the Ministry of Finance, reflecting the company's financial status and operational results accurately[198].

Financial Performance - The company's revenue for Q1 2021 was ¥78,925,227.23, representing a 47.61% increase compared to ¥53,469,526.18 in the same period last year[7]. - Net profit attributable to shareholders was ¥15,335,256.84, up 34.88% from ¥11,369,590.54 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥12,959,462.67, reflecting a 17.95% increase from ¥10,986,858.78 in the previous year[7]. - Basic earnings per share were ¥0.1150, a slight increase of 1.14% from ¥0.1137[7]. - Total operating revenue for Q1 2021 was CNY 78,925,227.23, an increase of 47.5% compared to CNY 53,469,526.18 in the same period last year[47]. - Total operating costs for Q1 2021 were CNY 63,196,488.81, up 42.5% from CNY 44,328,936.50 in Q1 2020[48]. - Net profit for Q1 2021 reached CNY 15,335,256.84, representing a 34.5% increase from CNY 11,369,590.54 in Q1 2020[49]. - The total comprehensive income for the first quarter of 2021 was CNY 15,973,889.89, compared to CNY 11,265,492.14 in the same period last year, representing an increase of approximately 42.5%[54]. Cash Flow - The net cash flow from operating activities was -¥35,949,687.59, a decrease of 213.29% compared to -¥11,474,820.26 in the same period last year[7]. - Cash inflow from operating activities totaled CNY 96,057,440.05, while cash outflow was CNY 132,007,127.64, resulting in a net cash flow deficit from operations[57]. - The net cash flow from investing activities was CNY -32,427,842.82, compared to CNY -114,983.34 in the previous year, indicating improved investment cash flow management[57]. - The net cash flow from financing activities was CNY 13,589,611.25, an increase from CNY 11,669,699.23 year-over-year, reflecting better financing conditions[58]. - The company paid CNY 14,011,560.92 in employee compensation, significantly higher than CNY 7,778,462.41 in the same period last year, indicating increased labor costs[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥960,436,519.65, down 3.64% from ¥996,401,897.63 at the end of the previous year[7]. - Current assets totaled CNY 846,571,303.45, down from CNY 887,611,298.00, indicating a decrease of about 4.6%[38]. - Total liabilities decreased to CNY 301,225,492.86 from CNY 352,781,127.68, reflecting a reduction of about 14.6%[40]. - The company's equity attributable to shareholders increased to CNY 658,956,026.79 from CNY 643,620,769.95, an increase of approximately 2.4%[41]. - The total liabilities to equity ratio stands at approximately 0.55, indicating a balanced capital structure[66]. Research and Development - Research and development expenses rose to RMB 4.84 million, marking a 61.03% increase from RMB 3.01 million in the previous year[20]. - Research and development expenses for Q1 2021 were CNY 4,840,683.62, an increase of 61.1% compared to CNY 3,006,100.43 in Q1 2020[48]. Government Support and Financial Management - The company received government subsidies amounting to ¥729,934.00 during the reporting period[8]. - The company approved the use of up to RMB 200 million of idle raised funds for cash management, allowing for the purchase of low-risk, liquid financial products[25]. - As of the end of the reporting period, the company had RMB 180.9 million of idle raised funds still in cash management, within the approved limits[26]. Shareholder Information - The company had a total of 18,365 common shareholders at the end of the reporting period[11]. - The proportion of the top five suppliers in total procurement was 41.30%, an increase of 2.7% compared to the previous year[22]. Other Financial Metrics - The fair value changes of financial assets and liabilities resulted in a gain of ¥2,072,280.93[8]. - Deferred income tax liabilities increased by 86.60% to RMB 418,635.45, due to gains from the fair value changes of trading financial assets[19]. - The company executed the new leasing standards starting January 1, 2021, impacting asset and liability recognition[67].

Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 133,360,000 shares[4]. - The proposed cash dividend is RMB 2.00 per 10 shares, totaling RMB 26,672,000.00, which represents 33.79% of the net profit attributable to shareholders for 2020[112][115]. - The total distributable profit for 2020 is RMB 210,971,227.95, which is the lower of the consolidated and parent company's distributable profits[112]. - The cash dividend distribution accounts for 100% of the total profit distribution for the year[112]. - The total cash dividend amount for 2020 is fully funded from the company's profits, with no other forms of distribution such as share buybacks[115]. - The company has a commitment to maintain a minimum cash dividend ratio of 20% during significant capital expenditure periods[112]. - The board of directors approved the profit distribution plan, which reflects the company's strong profitability and positive outlook for future growth[112]. Financial Performance - The company's operating revenue for 2020 was CNY 507.83 million, an increase of 2.61% compared to CNY 494.90 million in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 78.93 million, representing a growth of 6.44% from CNY 74.15 million in 2019[17]. - The total profit for 2020 was 91.04 million yuan, an increase of 6.36% compared to the previous year[44]. - The company achieved a revenue of 507.83 million yuan in 2020, representing a year-on-year growth of 2.61%[44]. - The company reported a basic earnings per share of CNY 0.7102, down 4.21% from CNY 0.7414 in 2019[17]. - The net cash flow from operating activities decreased significantly by 76.42% to CNY 21.19 million from CNY 89.87 million in 2019[17]. - The total assets at the end of 2020 reached CNY 996.40 million, a substantial increase of 59.68% from CNY 624.01 million in 2019[17]. - The net assets attributable to shareholders increased by 125.91% to CNY 643.62 million from CNY 284.90 million in 2019[17]. Market Expansion and Product Development - The company is actively expanding its market presence and enhancing its product offerings in the smart energy sector[12]. - The company aims to expand its market presence in the energy metering and service sector, focusing on technological innovation and new product development[30]. - The company plans to enhance its manufacturing capabilities through the establishment of a digital smart factory, expected to be operational by the end of 2021[97]. - The company is actively expanding its overseas market presence, having developed 90 models of overseas smart meters[45]. - The company plans to use the net proceeds of 279.79 million yuan from fundraising for expanding production capacity and enhancing R&D capabilities[48]. - The company is committed to strictly adhering to the stock lock-up period and transfer commitments, with a reduction in shares after the lock-up period not exceeding 1% of the total shares through centralized bidding within any continuous 90-day period[128]. Research and Development - The company reported research and development expenses amounted to 19.14 million yuan, accounting for 3.77% of total revenue[47]. - The company applied for 9 patents during the year, including 4 invention patents and 5 utility model patents[47]. - The company has focused on enhancing team building and talent development, promoting five senior titles during the reporting period[49]. - The company emphasizes R&D innovation as a core competitive advantage, continuously launching new projects and participating in national standard formulation[99]. - Investment in R&D increased by 30%, focusing on smart electrical technologies and automation solutions[198]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its future development outlook[4]. - The company faces risks from rising raw material prices, customer concentration, product development uncertainties, and the impact of the COVID-19 pandemic on overseas market expansion[103][105][107]. Corporate Governance and Transparency - The company has established a comprehensive information disclosure strategy, utilizing multiple media outlets for transparency[15]. - The company has a dedicated team for investor relations, ensuring effective communication with stakeholders[14]. - The company is committed to maintaining the accuracy and completeness of its financial reports, as stated by its management[3]. - The company has established a commitment to transparency, ensuring that all disclosures are accurate and complete, thereby taking legal responsibility for any inaccuracies[134]. Shareholder Information - The company issued 33,340,000 new shares, increasing total shares to 133,360,000[176]. - The total number of shares increased from 100,020,000 to 133,360,000, representing a 33.33% increase[177]. - The largest shareholder, Cixi Yaocreator Electronics Technology Co., Ltd., holds 50,010,000 shares, accounting for 37.50% of total shares[183]. - The company has no plans for share repurchase or reduction during the reporting period[177]. - The company plans to lift restrictions on certain shares on September 1, 2023[179]. Social Responsibility - The company actively responded to the COVID-19 pandemic by providing protective materials and supporting local hospitals[168]. - The company has a commitment to social responsibility and aims for a balance between economic and social benefits[168]. - The company emphasizes employee development and has established a comprehensive performance evaluation system[166]. Audit and Compliance - The company engaged Zhonghui Certified Public Accountants for auditing services, with a fee of 318,000 RMB and a continuous service period of 4 years[143]. - The company has maintained a clean integrity status with no unfulfilled court judgments or significant overdue debts[146]. - The company has no significant litigation or arbitration matters during the reporting period[144].

Financial Performance - Operating revenue for the period reached CNY 155,347,861.47, a 76.90% increase year-on-year[7] - Net profit attributable to shareholders was CNY 30,837,045.66, representing a 189.62% increase compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,289,982.88, up 182.61% year-on-year[7] - Basic earnings per share increased by 154.55% to CNY 0.28[7] - The net profit for the first nine months of 2020 reached RMB 60,322,266.31, representing a 39.85% increase compared to RMB 43,133,986.60 in the same period of 2019[18] - Net profit for Q3 2020 was ¥30.84 million, compared to ¥10.65 million in Q3 2019, representing an increase of 189.4%[42] - The net profit for the third quarter of 2020 was CNY 30,837,045.66, compared to CNY 10,647,398.26 in the same period last year, representing an increase of approximately 189.5%[43] - The net profit for the year-to-date period was CNY 60,322,266.31, compared to CNY 43,133,986.60, indicating a growth of approximately 39.9%[50] Asset and Equity Growth - Total assets increased by 58.88% to CNY 991,419,725.71 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 119.38% to CNY 625,016,759.88 compared to the end of the previous year[7] - The total monetary funds as of September 30, 2020, were RMB 494,798,897.77, an increase of 108.45% from RMB 237,371,894.88 at the end of 2019[19] - The company's capital reserve surged by 875.09% to RMB 274,614,930.16, attributed to funds raised from the new share issuance[19] - The equity attributable to shareholders of the parent company rose to ¥619.72 million, compared to ¥280.97 million at the end of 2019, an increase of 120.5%[39] Cash Flow and Financial Management - Net cash flow from operating activities was CNY 97,869,055.04, a 75.52% increase compared to the same period last year[7] - The company reported a significant increase in cash flow from operating activities, with a net cash flow of RMB 4,281,512.45, a 129.35% improvement from RMB -14,586,961.06 in the previous year[19] - The company generated ¥170,000,000.00 from investment recoveries, significantly higher than ¥30,000,000.00 in the previous year[57] - The net cash flow from operating activities for Q3 2020 was approximately ¥3.94 million, a significant improvement from a net outflow of ¥15.33 million in Q3 2019, indicating a turnaround in operational efficiency[60] - The net cash flow from financing activities reached ¥286.98 million, a substantial increase from a net outflow of ¥20.78 million in Q3 2019, showcasing improved capital raising efforts[60] Operating Costs and Expenses - Total operating costs for Q3 2020 were ¥121.24 million, up 56.7% from ¥77.28 million in the same period last year[42] - The total operating costs for the year-to-date period were CNY 255,171,250.92, compared to CNY 219,076,288.91, reflecting an increase of about 16.5%[49] - Research and development expenses for Q3 2020 were ¥5.06 million, compared to ¥4.77 million in Q3 2019, indicating a year-over-year increase of 6.1%[42] - Research and development expenses for the third quarter were CNY 5,059,451.85, compared to CNY 4,765,134.06, showing an increase of about 6.2%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,943[11] - The company plans to release 101,733,513 restricted shares on September 1, 2023, following new stock issuance[14] Government Support and Subsidies - The company received government subsidies amounting to CNY 4,498,822.55, primarily related to listing rewards[8] Liabilities and Financial Health - The company's total liabilities increased to ¥341.80 million from ¥337.40 million, a slight increase of 1.2%[39] - Accounts payable increased by 94.11% to RMB 205,657,325.04, reflecting the expansion of business operations[19] - The company experienced an 862.62% increase in credit impairment losses, totaling RMB -2,406,601.30, driven by higher accounts receivable balances[18] - The company's financial assets experienced a credit impairment loss of ¥2,340,528.30, compared to a loss of ¥250,005.04 in the previous year[54] Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27] - The company did not disclose any performance forecasts for the upcoming reporting period[26]