证券代码：301012 证券简称：扬电科技 公告编号：2023-024 江苏扬电科技股份有限公司 关于召开2022年度网上业绩说明会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 二〇二三年四月二十四日 (二)出席人员：公司董事长程俊明先生，独立董事郭民先生，保荐 代表徐亦潇先生、董事会秘书仇勤俭先生。 (三)接入方式：投资者登陆深圳证券交易所"互动易"平台 （http://irm.cninfo.com.cn），进入"云访谈"栏目参与本次说明会。 二、征集问题事项 为充分尊重投资者、提升交流的针对性，现就公司本次说明会提前 向投资者征集相关问题，广泛听取投资者的意见和建议。投资者可提前 登录"互动易"平台（http://irm.cninfo.com.cn）"云访谈"栏目进 入公司本次说明会页面进行提问。届时公司将在本次说明会上对投资者 普遍关注的问题进行回答。 欢迎广大投资者积极参与。特此公告。 江苏扬电科技股份有限公司董事会 江苏扬电科技股份有限公司（以下简称"公司"）已于2023年4月 24日发布了《2022年年度报告》。为便于广大投资者进一步了解 ...

Financial Performance - Q3 2022 revenue was CNY 121,699,506.29, a decrease of 6.44% year-over-year, while year-to-date revenue reached CNY 539,946,609.38, an increase of 48.19%[5] - Net profit attributable to shareholders for Q3 2022 was CNY 8,397,635.77, down 20.59% year-over-year, with year-to-date net profit at CNY 61,479,392.06, up 66.06%[5] - The net profit after deducting non-recurring gains and losses for Q3 2022 was CNY 11,255,625.24, an increase of 80.46% year-over-year, while year-to-date it was CNY 62,430,955.03, up 90.45%[5] - Basic and diluted earnings per share for Q3 2022 were CNY 0.10, down 23.08% year-over-year, while year-to-date earnings per share were CNY 0.73, up 37.74%[5] - The total operating revenue for the third quarter of 2022 was CNY 539,946,609.38, an increase of 48.3% compared to CNY 364,368,804.88 in the same period last year[20] - The net profit for the third quarter was CNY 61,479,392.06, representing a 66.0% increase from CNY 37,021,468.23 in the previous year[21] - The total comprehensive income for the third quarter was CNY 61,479,392.06, compared to CNY 37,021,468.23 in the same period last year, representing an increase of approximately 66.1%[22] Assets and Liabilities - Total assets as of September 30, 2022, were CNY 911,736,004.16, an increase of 6.53% compared to the end of the previous year[5] - The total assets as of the end of the third quarter were CNY 911,736,004.16, compared to CNY 855,815,290.55 at the end of the previous year, reflecting a growth of 6.5%[18] - The total liabilities increased to CNY 294,074,899.42, a slight rise from CNY 291,233,577.87 year-on-year[18] - The company's equity attributable to shareholders reached CNY 617,661,104.74, up from CNY 564,581,712.68, indicating a growth of 9.4%[18] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of CNY 64,579,224.59 year-to-date, a decrease of 15.73% compared to the same period last year[5] - Cash inflows from operating activities totaled CNY 449,929,468.64, significantly up from CNY 153,123,524.28 in the previous year, marking an increase of 194.5%[25] - The net cash flow from operating activities was negative at CNY -64,579,224.59, an improvement from CNY -76,634,899.01 in the same period last year[25] - Cash outflows for investing activities amounted to CNY 40,713,247.09, compared to CNY 58,111,957.20 in the previous year, indicating a decrease of 30.0%[25] - Cash paid for fixed assets and intangible assets surged to CNY 40,713,247.09, a 566.12% increase, reflecting higher capital expenditures[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,764[12] - The largest shareholder, Cheng Junming, holds 32.50% of the shares, totaling 27,300,000 shares[12] Research and Development - R&D expenses increased to ¥21,668,395.28, a rise of 92.54% compared to the previous period, reflecting the company's increased investment in research and development[10] - Research and development expenses reached CNY 21,668,395.28, which is an increase of 92.5% compared to CNY 11,253,886.85 in the same period last year[21] Financing Activities - The company obtained bank loans totaling ¥263,000,000.00, an increase of 198.19% compared to the previous period[10] - Cash inflows from financing activities were CNY 263,000,000.00, up from CNY 234,608,490.58, representing an increase of 12.1%[25] - The net cash flow from financing activities was CNY 68,047,223.78, down from CNY 102,143,906.95 in the previous year, a decrease of 33.4%[25] Operational Costs - The total operating costs amounted to CNY 475,907,211.90, up 48.0% from CNY 321,809,492.60 year-on-year[21] - Cash paid for purchasing goods and services was ¥445,668,465.68, up 142.19%, indicating increased sales costs[10] Other Information - The company reported a significant increase in prepayments, up 266.99% year-to-date, amounting to CNY 65,231,389.55, due to rising raw material prices[9] - The company experienced a 91.48% increase in fixed assets, totaling CNY 105,827,004.84, as projects were completed and assets were acquired[9] - The company's cash and cash equivalents decreased to ¥35,940,575.91 from ¥73,141,286.69 at the beginning of the year[16] - The ending balance of cash and cash equivalents was CNY 35,375,219.32, compared to CNY 22,430,584.41 at the end of the same period last year, an increase of 57.5%[25] - The company did not undergo an audit for the third quarter report[26] - The report was released by the board of directors on October 25, 2022[27]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥418,247,103.09, representing a 78.51% increase compared to ¥234,293,555.25 in the same period last year[19]. - The net profit attributable to shareholders was ¥53,081,756.29, a 100.71% increase from ¥26,446,392.21 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥51,175,329.79, up 92.80% from ¥26,542,970.03 in the previous year[19]. - The company reported a basic earnings per share of ¥0.63, a 50.00% increase from ¥0.42 in the same period last year[19]. - The company's revenue for the reporting period was ¥418,247,103.09, representing a year-on-year increase of 78.51% due to increased market orders and higher unit sales prices[57]. - Operating costs rose to ¥323,882,175.77, reflecting an 80.87% increase compared to the same period last year, driven by the rise in revenue[57]. - The gross profit margin for the overall business was 22.56%, with a slight decrease of 7.05% compared to the previous year[59]. - The company reported a net profit of 21,107,000,000 yuan for the current period, which is an increase of 5.6% compared to the same period last year[171]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥74,553,272.70, worsening by 78.40% compared to -¥41,789,109.59 in the previous year[19]. - The cash and cash equivalents at the end of the reporting period decreased by 107.46% to -¥7,974,190.09, reflecting the use of raised funds[57]. - The company reported cash outflows from investing activities totaling CNY 32,153,078.56, compared to CNY 1,340,838.69 in the previous year, indicating a substantial increase in investment expenditures[162]. - The company's cash and cash equivalents at the end of the period were CNY 64,601,740.01, down from CNY 149,834,123.69 at the end of the previous year, a decline of about 56.8%[162]. - The total cash outflows for operating activities reached CNY 375,791,557.43, compared to CNY 145,486,639.90 in the previous year, indicating a rise of about 158.5%[162]. - The company experienced a net cash decrease of CNY 7,974,190.09 in the first half of 2022, contrasting with an increase of CNY 106,833,729.75 in the same period of 2021[162]. Investment and R&D - Research and development expenses increased significantly by 124.65% to ¥16,118,547.82, indicating a strategic focus on innovation[57]. - The company has invested 10 million yuan in the high-end amorphous and nano-crystal industry research center, which has not yet started construction[73]. - The company has allocated 2.2 billion yuan for research and development to enhance its product offerings and improve operational efficiency[172]. - The company aims to achieve a revenue growth target of 10% for the next fiscal year, driven by increased demand in key markets[172]. Market Strategy and Product Development - The company focuses on energy-efficient electrical machinery manufacturing, specializing in energy-saving transformers and magnetic electronic components[25]. - The company is actively expanding into the electronic components sector, creating two main business segments: power and electronics[26]. - The company aims to extend its product types into more fields, leveraging its leading technology in amorphous alloy materials to meet new market demands[31]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[176]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and diversify its offerings[166]. Corporate Governance and Shareholder Relations - The company does not plan to distribute cash dividends or issue bonus shares[4]. - The company has maintained a focus on protecting shareholder rights, particularly for minority shareholders, by enhancing corporate governance and internal control systems[98]. - There were no stock incentive plans, employee stock ownership plans, or other employee incentive measures implemented during the reporting period[94]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[97]. Operational Efficiency and Risk Management - The company has developed a complete industrial chain from strip materials to magnetic cores and electronic components since 2018, enhancing its profitability[30]. - The company has implemented a robust accounts receivable management system to minimize the risk of bad debts as its business scales up[86]. - The company recognizes the potential adverse effects of macroeconomic fluctuations on the demand for its products, particularly in the consumer electronics and automotive sectors[84]. - The company is closely monitoring macroeconomic changes and industry policies to adapt its strategies and maintain profitability amid potential risks[83]. Asset and Liability Management - The company's total assets increased by 11.79% to ¥956,686,788.54 from ¥855,815,290.55 at the end of the previous year[19]. - Total liabilities increased to ¥347,423,319.57 from ¥291,233,577.87, reflecting a rise of approximately 19%[148]. - Short-term borrowings surged to ¥237,162,034.72, compared to ¥125,306,474.21 at the beginning of the year, which is an increase of approximately 89%[147]. Compliance and Reporting - The half-year financial report has not been audited[104]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[183]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements reflect a true and complete picture of its financial status, operating results, and cash flows[185].

Financial Performance - The company's revenue for Q1 2022 was ¥191,727,773.64, representing a 120.55% increase compared to ¥86,931,786.01 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was ¥24,109,567.11, up 184.68% from ¥8,469,028.63 year-on-year[3] - The basic earnings per share for Q1 2022 increased to ¥0.287, a rise of 120.77% from ¥0.130 in the previous year[3] - Total operating revenue for Q1 2022 reached ¥191,727,773.64, a significant increase of 120.5% compared to ¥86,931,786.01 in the same period last year[17] - The company's net profit for Q1 2022 was ¥27,385,772.80, compared to ¥9,792,943.58 in Q1 2021, reflecting a growth of 178.5%[17] - The total profit for Q1 2022 was CNY 27,301,653.91, compared to CNY 9,604,037.03 in Q1 2021, reflecting an increase of 184.5%[18] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥908,871,667.52, reflecting a 6.20% increase from ¥855,815,290.55 at the end of the previous year[3] - The total assets of the company as of the end of Q1 2022 were ¥908,871,667.52, compared to ¥855,815,290.55 at the beginning of the year, marking a growth of 6.2%[15] - The total liabilities increased to ¥320,180,387.73 from ¥291,233,577.87, reflecting a rise of 9.9%[15] Cash Flow - The net cash flow from operating activities for Q1 2022 was -¥29,555,968.34, a decline of 16.52% compared to -¥25,366,296.88 in the same period last year[3] - Cash inflow from operating activities totaled CNY 116,668,614.87, up from CNY 47,041,889.32 in the previous year, indicating a growth of 148.5%[20] - The company’s cash flow from operating activities was impacted by increased payments for goods and services, totaling CNY 129,012,370.44, compared to CNY 61,669,473.23 in the previous year[20] - Cash inflow from financing activities was CNY 76,800,000.00, with a net cash flow of CNY 64,648,837.78, compared to a negative CNY -817,500.00 in the same period last year[22] - The ending cash and cash equivalents balance was CNY 84,039,174.82, up from CNY 15,217,410.83 at the end of Q1 2021, representing a growth of 453.5%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,856[7] - The largest shareholder, Cheng Junming, holds 32.50% of the shares, amounting to 27,300,000 shares[7] Expenses - Total operating costs for Q1 2022 were ¥165,654,112.94, up 113.4% from ¥77,458,943.54 in Q1 2021[17] - Research and development expenses for Q1 2022 were ¥7,157,607.06, which is a 139.5% increase from ¥2,988,273.10 in Q1 2021[17] - The company reported a tax expense of CNY 3,192,086.80 for Q1 2022, compared to CNY 1,135,008.40 in the previous year[18] Other Financial Metrics - The weighted average return on equity for Q1 2022 was 4.18%, an increase of 2.00% from 2.18% in the previous year[3] - The company reported government subsidies of ¥13,000 for the current period, with a total non-recurring loss of ¥61,544.22 after tax impacts[5] - The company does not have any other non-recurring profit and loss items beyond those reported[5] - Cash outflow for investing activities was CNY 23,629,624.72, significantly higher than CNY 1,582,840.40 in the previous year, marking an increase of 1,394.5%[22] - Accounts receivable decreased to ¥373,783,980.84 from ¥392,465,023.88, indicating a reduction of 4.7%[13] - Inventory increased to ¥189,845,939.41, up 6.0% from ¥177,812,256.91 at the beginning of the year[14] - The company reported a significant increase in financing receivables, which rose to ¥40,861,190.09 from ¥17,352,549.89, representing a growth of 135.0%[13]

Financial Performance - The company's operating revenue for 2021 was ¥511,640,831.43, representing a 16.78% increase compared to ¥438,111,687.30 in 2020[18] - The net profit attributable to shareholders for 2021 was ¥51,554,380.19, a 5.06% increase from ¥49,072,141.86 in 2020[18] - The net cash flow from operating activities was negative at ¥-97,206,925.43, a significant decline of 332.61% compared to ¥41,788,850.38 in 2020[18] - The total assets at the end of 2021 amounted to ¥855,815,290.55, reflecting a 44.56% increase from ¥592,022,311.24 at the end of 2020[18] - The net assets attributable to shareholders increased by 46.89% to ¥564,581,712.68 at the end of 2021, up from ¥384,351,643.80 at the end of 2020[18] - The basic earnings per share for 2021 was ¥0.7, a decrease of 10.26% from ¥0.78 in 2020[18] - The weighted average return on net assets was 10.87%, down from 13.66% in 2020, indicating a decline of 2.79%[18] Revenue Breakdown - The company's total revenue for Q1 was approximately ¥86.93 million, Q2 was ¥147.36 million, Q3 was ¥130.08 million, and Q4 was ¥147.27 million[20] - Net profit attributable to shareholders for Q1 was approximately ¥8.47 million, Q2 was ¥17.98 million, Q3 was ¥10.58 million, and Q4 was ¥14.53 million[20] - The transformer business accounted for ¥483.92 million, or 94.58% of total revenue, with a year-on-year growth of 19.74%[68] - The sales volume of the transformer business increased by 24.35% to ¥389.62 million, while production volume rose by 53.81% to ¥438.82 million[71] - The domestic market contributed ¥505.44 million, or 98.79% of total revenue, with an 18.81% increase from the previous year[68] Cash Flow and Investments - The company's operating cash inflow for 2021 was CNY 240,203,424.26, an increase of 16.47% compared to 2020[83] - Operating cash outflow increased by 105.18% to CNY 337,410,349.69, leading to a net cash flow from operating activities of -CNY 97,206,925.43, a decrease of 332.61%[83] - Investment cash inflow surged by 73,337.83% to CNY 102,592,647.21, while investment cash outflow rose by 870.86% to CNY 124,126,748.30, resulting in a net cash flow from investing activities of -CNY 21,534,101.09[83] - The net cash flow from financing activities increased significantly to CNY 148,360,605.01, a change of -762.72% compared to the previous year, primarily due to public stock issuance[83] Research and Development - Research and development expenses increased by 4.34% to ¥16,570,335.31 in 2021 compared to ¥15,881,403.09 in 2020[78] - The number of R&D personnel increased by 7.14% to 30, with a notable rise in the number of bachelor's degree holders from 7 to 11, representing a 57.14% increase[81] - The company is developing high-efficiency silicon steel transformers, which are expected to significantly enhance market share in the energy-efficient transformer sector[80] - The company is also focusing on low-noise amorphous alloy transformers, which will expand its market presence in areas with high noise requirements[81] Product Development and Market Strategy - The company is focused on the development of energy-efficient transformers and related products, which are crucial for the power supply and distribution industry[28] - The company aims to increase the proportion of high-efficiency energy-saving transformers in operation by 10% by 2023, with a target of 75% for newly added transformers[31] - The company plans to extend its product types into more fields, focusing on the application of amorphous and nanocrystalline materials in energy-saving electrical equipment[42] - The company is actively expanding into the power electronics component sector, developing new nanocrystalline soft magnetic materials to meet industry demands for high-frequency and low-energy consumption[54] Corporate Governance - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[119] - The board of directors operates independently, adhering to regulations and ensuring no interference from controlling shareholders in decision-making processes[119] - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with all shareholders[120] - The company has established four specialized committees under the board to provide scientific and professional advice for decision-making[116] Social Responsibility and Environmental Impact - The company emphasizes environmental protection and has installed ventilation and dust removal equipment in its facilities[156] - The company aims to balance economic, environmental, and social responsibilities while enhancing its corporate image and competitiveness[156] - The company donated RMB 100,000 to the Red Cross Society of Jiangyan District for the "Happy Jiangcheng" public welfare project in March 2021[159] Employee Management - The total number of employees at the end of the reporting period was 271, with 225 in the parent company and 45 in major subsidiaries[142] - Employee training programs are emphasized, including onboarding, skills enhancement, and management training to improve overall employee capabilities[145] - The company has established a comprehensive human resources management system to attract talent through competitive compensation and benefits[157] Shareholder Information - The company distributed a cash dividend of 1.00 yuan per 10 shares, totaling 8,400,000 yuan, which represents 100% of the distributable profit[146] - The total distributable profit for the year was 105,460,023.49 yuan[146] - The largest shareholder, Cheng Junming, holds 32.50% of the shares, totaling 27,300,000 shares[196] - The second-largest shareholder, Zhao Henglong, owns 13.93% of the shares, amounting to 11,700,000 shares[196]

Financial Performance - The company's revenue for Q3 2021 was ¥130,075,249.63, representing an increase of 11.20% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥10,575,076.02, up by 5.16% year-on-year[5] - The net profit after deducting non-recurring gains and losses decreased by 36.69% to ¥6,237,129.02 in Q3 2021[5] - Total operating revenue for Q3 2021 reached ¥364,368,804.88, an increase of 14.93% compared to ¥317,006,424.01 in the same period last year[20] - Net profit for Q3 2021 was ¥37,021,468.23, representing a 4.58% increase from ¥35,399,195.11 in Q3 2020[22] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥730,991,459.66, a growth of 23.47% from the end of the previous year[5] - Current assets totaled CNY 619,909,781.00, up from CNY 491,434,757.95, indicating a growth of about 26.1% year-over-year[18] - Total liabilities decreased to CNY 180,942,658.94 from CNY 207,670,667.44, a reduction of about 12.9%[19] - The total equity attributable to shareholders increased to CNY 550,048,800.72 from CNY 384,351,643.80, reflecting a growth of approximately 43.1%[19] Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥76,634,899.01, down by 2,331.01% year-on-year[10] - The net cash flow from operating activities was -¥76,634,899.01, a decline from -¥3,152,391.13 in the previous year[26] - Cash and cash equivalents at the end of Q3 2021 totaled ¥22,430,584.41, compared to ¥19,944,767.59 at the end of Q3 2020[26] - The net cash flow from financing activities was ¥102,143,906.95, a significant improvement from -¥1,380,250.53 in Q3 2020[26] Share Capital and Earnings - The company issued 21 million new shares, increasing its share capital to ¥84,000,000.00, a rise of 33.33%[9] - The basic earnings per share for Q3 2021 was ¥0.13, reflecting a decrease of 18.75% compared to the same period last year[5] - Basic and diluted earnings per share for Q3 2021 were both ¥0.53, down from ¥0.57 in the same quarter last year[22] Expenses and Subsidies - The company received government subsidies amounting to ¥5,360,100.00 during the reporting period[7] - The company reported a significant increase in other income, with a rise of 297.37% to ¥5,464,531.05, primarily from one-time government subsidies[9] - The company reported a decrease in sales expenses to ¥6,705,818.86 from ¥11,182,813.30 in Q3 2020, a reduction of 40.92%[20] - Research and development expenses increased to ¥11,253,886.85, up 7.19% from ¥10,499,169.86 in the previous year[20] Inventory and Receivables - Inventory increased by 47.2% to ¥110,946,322.04 due to rising raw material prices[9] - Accounts receivable increased to CNY 379,205,323.23 from CNY 313,647,213.51, reflecting a growth of about 20.9%[17] - Inventory rose to CNY 110,946,322.04, compared to CNY 75,372,294.35, marking an increase of approximately 47.2%[17] - The company reported a significant increase in prepayments, which rose to CNY 21,561,245.29 from CNY 4,623,975.64, indicating a growth of about 366.5%[17]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥234,293,555.25, representing a 17.13% increase compared to ¥200,036,039.62 in the same period last year[21]. - The net profit attributable to shareholders was ¥26,446,392.21, a slight increase of 1.89% from ¥25,956,950.56 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥26,542,970.03, which is an 11.02% increase from ¥23,907,496.97 in the previous year[21]. - The company's total assets at the end of the reporting period reached ¥789,991,772.70, marking a 33.44% increase from ¥592,022,311.24 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 40.36% to ¥539,473,724.70 from ¥384,351,643.80 at the end of the previous year[21]. - The basic earnings per share for the reporting period was ¥0.42, up 2.44% from ¥0.41 in the previous year[21]. - The gross profit margin for energy-saving transformers was 25.80%, with a slight increase of 0.01% year-on-year, while the gross profit margin for non-crystalline and nano-crystalline magnetic electronic components was 42.42%, up by 2.86% year-on-year[64]. - The company reported a significant increase in cash flow from financing activities, amounting to ¥149,975,253.89, a staggering increase of 3,107.49% compared to the previous year[62]. - The company's inventory rose to ¥107,236,356.87, representing 13.57% of total assets, due to increased stockpiling of raw materials in response to rising prices[69]. - The company reported a total of 24,659 common shareholders at the end of the reporting period[136]. Operational Challenges - The company reported a negative net cash flow from operating activities of ¥41,789,109.59, a significant decline of 408.16% compared to a negative cash flow of ¥8,223,586.20 in the same period last year[21]. - The average procurement price of key raw materials has been on the rise, which significantly impacts the company's gross profit margin[90]. - The company faces significant risks from macroeconomic changes, particularly in the power distribution and control equipment manufacturing industry, which is heavily influenced by national infrastructure investment[86]. - The company is exposed to market competition risks, particularly from established players in the energy-saving transformer and magnetic electronic components sectors[88]. - The company acknowledges the risk of diluted return on equity due to increased net assets from public stock issuance, which may not yield immediate benefits[94]. Strategic Initiatives - The company focuses on energy-efficient electrical machinery manufacturing, with key products including energy-saving transformers and magnetic components[29]. - The company plans to expand its market presence in the electronic components sector, enhancing its core competitiveness[29]. - The company plans to extend its product types into more fields while adhering to its core business of energy-efficient transformers[34]. - The company aims to diversify its product structure and market strategy to mitigate risks associated with potential declines in sales due to fluctuations in the power industry investment scale[89]. - The company is actively developing new energy-saving transformer products and electronic products to enhance profitability and respond to market demand changes[92]. - The company plans to establish a high-end amorphous and nanocrystalline industry research and development center to enhance its innovation capabilities in the electronic sector[93]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion[175]. Research and Development - The company has developed a series of innovative technologies, including "amorphous core and nanocrystalline core annealing technology" and "noise control technology for amorphous alloy transformers," leading to superior performance in key metrics[47]. - The company has established a complete industrial chain from "strip - magnetic core - electronic components" since 2018, aiming to enhance profitability and product variety[34]. - The company’s research and development investment increased by 5.86% to ¥7,174,956.26, reflecting its commitment to innovation[62]. - The company focuses on high-efficiency energy-saving electrical machinery manufacturing and solutions for non-crystalline and nano-crystalline magnetic electronic components[34]. - The company has built an advanced production line for non-crystalline cores, enhancing the production of silicon steel cores through accumulated experience and technology[33]. Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[5]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[99]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[101]. - The company has not engaged in any investor relations activities during the reporting period[95]. - The annual shareholders' meeting held on May 14, 2021, had an investor participation rate of 78.09%[98]. Social Responsibility - The company actively engages in social responsibility initiatives, including a donation of 100,000 RMB to the Red Cross Society for community projects[103]. Financial Reporting - The half-year financial report has not been audited[109]. - The financial report for the first half of 2021 was not audited[147]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect its financial position and operating results[191]. - The company’s financial reporting is conducted in RMB, with a focus on short operating cycles of 12 months for asset and liability liquidity classification[194].