Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of X% (specific percentage not provided in the content) for the fiscal year 2022[16]. - The company's operating revenue for 2022 was ¥642,680,629.21, a decrease of 12.54% compared to ¥734,857,469.96 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥64,742,971.37, representing an increase of 3.45% from ¥62,582,592.85 in 2021[21]. - The net cash flow from operating activities surged to ¥84,444,392.06, a significant increase of 854.01% compared to ¥8,851,562.09 in 2021[21]. - The total assets at the end of 2022 reached ¥1,072,247,975.99, marking a 62.52% increase from ¥659,777,993.14 in 2021[21]. - The net assets attributable to shareholders increased by 103.56% to ¥903,775,351.82 from ¥443,990,619.68 in 2021[21]. - The basic earnings per share for 2022 was ¥1.02, down 17.07% from ¥1.23 in 2021[21]. - The company reported a weighted average return on equity of 8.27%, a decrease of 6.89% from 15.16% in 2021[21]. - The company's gross profit margin improved to 20.83%, despite a decrease in operating revenue, due to optimized customer and product structures[85]. - The company's R&D investment amounted to ¥27,005,828.62 in 2022, representing 4.20% of total revenue, an increase from 3.96% in 2021[93]. Market and Industry Trends - The company operates in the micro-special motor and intelligent component manufacturing industry, which is experiencing global growth and diversification[34]. - China accounted for approximately 70% of global micro motor production, with demand expected to reach 14.7 billion units in 2023, up from 13.8 billion in 2021[35]. - The global micro motor market is projected to grow at a compound annual growth rate (CAGR) of 4.10% from 2021 to 2030, reaching a market size of $56.066 billion by 2030[35]. - The demand for micro motors in the information equipment sector is expected to remain stable or see moderate growth, despite potential market saturation[42]. - The demand for micro special motors in vehicles is expected to grow significantly due to the increasing use of electric power steering systems, electronic suspension systems, and other electronic control systems[46]. - The HVACR fan industry in China has seen significant growth, with air conditioning production reaching 22.2473 million units in 2022, a year-on-year increase of 1.8%[49]. - The cleanroom industry is expected to maintain a stable growth trend due to increasing demand from sectors like electronics, pharmaceuticals, and aerospace[55]. Corporate Governance and Management - The company has established a robust internal control system and governance structure to ensure compliance with relevant laws and regulations[147]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[150]. - The company has a supervisory board with 3 members, ensuring oversight of major matters and compliance with legal obligations[152]. - The company has maintained a stable governance structure despite the recent changes in leadership, with independent directors and key management personnel continuing their roles[169]. - The company has a structured remuneration policy for its directors and senior management, overseen by the remuneration and assessment committee[177]. - The company has not reported any penalties from securities regulatory agencies for its directors and supervisors in the past three years[176]. Risk Management - The company has outlined potential risks and corresponding mitigation strategies in its future development outlook section[3]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements made in the report[3]. - The company faces risks from raw material price fluctuations, particularly for copper and steel, which could negatively impact profitability[134]. - Economic downturns pose risks to the company's operations, affecting logistics and material supply, which could hinder product delivery and increase costs[135]. - The global chip shortage may lead to reduced production capacity for some of the company's products, impacting overall output[136]. - The company has implemented various tools, such as forward foreign exchange contracts, to mitigate the impact of exchange rate fluctuations on its operations[137]. Research and Development - The company is actively investing in R&D, with a focus on new applications in photovoltaic, inverter, and charging pile sectors, achieving breakthroughs in these areas[80]. - The company is developing a second-generation motor application system software aimed at achieving remote monitoring capabilities for 40,000 units of motors[92]. - The company focuses on the research and development of micro-special motors, fans, and intelligent components, relying on independent innovation to enhance product quality, lifespan, stability, and application scenarios[138]. Shareholder Returns - The company plans to distribute a cash dividend of 6 RMB per 10 shares to all shareholders, based on a total of 68,000,000 shares[3]. - The company has a total of 68 million shares outstanding, which is the basis for its profit distribution plan[3]. - The company’s total distributable profit for the year was 226,638,166.82 CNY[194]. - The company proposed a cash dividend of RMB 6.00 per 10 shares, totaling RMB 40.8 million, representing 100% of the profit distribution[195]. Future Outlook - The company aims to become a leading player in the global micro-special motor industry, focusing on technological innovation and increasing R&D investment[120]. - In 2023, the company will concentrate on four core areas: core business, core expertise, core market, and core customers, to adapt to external challenges and opportunities[122]. - The company has identified six major business areas for market expansion, including HVAC equipment, information industry, new energy, cold chain, medical health, and smart equipment[128]. - The company plans to enhance its product offerings by expanding the range of AC, BC, and DC motors, optimizing existing products, and developing new components[123].

常州祥明智能动力股份有限公司 关于举行 2022 年度网上业绩说明会并征集相关问题的公告 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。 常州祥明智能动力股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日 在巨潮资讯网（www.cninfo.com.cn）上披露了《2022 年年度报告》及其摘要。 为便于广大投资者更深入全面地了解公司 2022 年度经营情况，公司定于 2023 年 4 月 13 日（星期四）15：00-17：00 举行 2022 年度网上业绩说明会。本次业 绩说明会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平 台"（https://ir.p5w.net）参与本次说明会。 出席本次说明会的人员有：董事长兼总经理张敏先生、董事会秘书兼财务总 监王勤平先生、独立董事祁建云先生、保荐代表人施卫东先生。 为充分尊重投资者，提升公司与投资者之间的交流效率和针对性，公司就 2022 年度业绩说明会提前向投资者公开征集问题，广泛听取投资者的意见和建 议。投资者可于 2023 年 4 月 12 日（星期三）17:00 前访问 ...

Group 1: Company Development and Strategy - The company has two development phases: the first phase focused on asynchronous motors starting from 1995, and the second phase began in 1999 with brushless DC motors, evolving towards componentization by 2005 [1] - The company is expanding into emerging markets such as new energy vehicles, information communication, energy storage, and healthcare [1] - Future plans include addressing the high-growth potential of the energy storage and inverter industries over the next 2-3 years, with a focus on product technology standardization and ensuring mass supply capabilities [2] Group 2: Inventory and Supply Chain Management - Increased finished goods inventory is attributed to extended shipping times and container shortages, leading customers to increase order volumes and adopt staggered delivery methods [2] - The company has also built up reserves of hard-to-source MCU chips, contributing to longer inventory turnover and higher capital occupation [2] Group 3: Financial Performance and Product Focus - The company aims to increase the revenue share of brushless motors, which have higher profit margins compared to AC motors, as part of its established goals [2] - Despite a decline in overall revenue, the company has managed to maintain profit growth by optimizing its product structure to enhance profitability [2]

证券代码：301226 证券简称：祥明智能 公告编号：2022-039 常州祥明智能动力股份有限公司 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： 常州祥明智能动力股份有限公司 2022 年第三季度报告 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 常州祥明智能动力股份有限公司 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 | | 营业收入（元） | 166,046,661.55 | -13. ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥325.88 million, a decrease of 10.33% compared to ¥363.43 million in the same period last year[24]. - The net profit attributable to shareholders was approximately ¥33.64 million, representing an increase of 16.49% from ¥28.88 million in the previous year[24]. - The net cash flow from operating activities reached approximately ¥16.50 million, a significant increase of 703.02% compared to a negative cash flow of ¥2.74 million in the same period last year[24]. - Total assets at the end of the reporting period were approximately ¥1.09 billion, an increase of 65.23% from ¥659.65 million at the end of the previous year[24]. - The net assets attributable to shareholders increased by 96.53% to approximately ¥872.34 million from ¥443.86 million at the end of the previous year[24]. - The basic and diluted earnings per share remained stable at ¥0.57, unchanged from the previous year[24]. - The weighted average return on equity decreased to 4.95%, down by 2.27% from 7.22% in the same period last year[24]. Cash Flow and Financing - The company reported a profit from investment of $2.27 million, accounting for 6.03% of total profit[58]. - The total amount of raised funds is RMB 437.67 million, with RMB 139.05 million utilized during the reporting period[69]. - The cumulative amount of raised funds utilized is RMB 139.05 million, with RMB 84.28 million allocated to production base expansion and RMB 33.27 million for working capital[69]. - The company has permanently supplemented working capital with RMB 21.50 million from over-raised funds[69]. - The company has not reported any issues or other circumstances regarding the use and disclosure of raised funds[74]. - The company has not engaged in derivative investments or entrusted loans during the reporting period, indicating a conservative financial strategy[79]. Market and Industry Insights - The company focuses on the research, production, and sales of micro-special motors and fans, providing customized and intelligent solutions for various industries[32]. - The micro-special motor industry is experiencing continuous market expansion due to its wide applications in various sectors, including information devices, automotive, household appliances, and medical equipment[42]. - The wind turbine industry has significant downstream applications across multiple sectors, including construction ventilation, HVAC systems, and cleanroom equipment, driven by new urbanization and the development of new energy vehicles[44]. - The global manufacturing center is shifting towards emerging markets, with China becoming a major production base for micro-special motors and wind turbines, attracting international manufacturers[46]. Research and Development - Research and development expenses increased by 5.04% to $13.45 million, indicating a commitment to innovation[53]. - The company is focusing on innovation and technology development, particularly in micro-special motors and intelligent components, to enhance product quality and meet diverse customer needs[87]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[160]. Risk Management - The company has emphasized the importance of risk awareness regarding forward-looking statements in the report[4]. - The company faces risks from raw material price fluctuations, particularly for enameled wire and silicon steel sheets, which are closely tied to copper and steel prices[82]. - The company has implemented measures to mitigate risks from exchange rate fluctuations, particularly with revenues settled in euros and dollars[86]. Corporate Governance and Compliance - The company has maintained a strong governance structure, ensuring compliance with relevant laws and regulations to protect shareholder and creditor rights[102]. - The company has not reported any significant litigation or arbitration matters during the reporting period[112]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[108]. Shareholder Information - The total number of shares increased from 51 million to 68 million after the issuance of 17 million new shares on March 11, 2022[130]. - The company’s shares are 100% held by domestic investors, with 93.07% held by domestic legal entities and 6.93% by foreign investors[130]. - The largest shareholder, Changzhou Xiangxing Information Technology Co., Ltd., holds 51.43% of the shares, totaling 34,969,576 shares[137]. Environmental and Social Responsibility - The company has implemented effective environmental measures, including wastewater treatment through "secondary sedimentation + ultrafiltration" and air pollution control using activated carbon and photocatalytic treatment[101]. - The company emphasizes social responsibility, actively participating in community support and environmental protection initiatives, including sending over 30 volunteers for pandemic relief efforts[104].

Financial Performance - The company reported a significant increase in revenue, with a total of 68 million yuan for the year 2021, representing a growth of 15% compared to the previous year[20]. - The company's operating revenue for 2021 was approximately ¥734.86 million, representing a 33.42% increase compared to ¥550.77 million in 2020[25]. - The net profit attributable to shareholders for 2021 was approximately ¥62.46 million, a 4.71% increase from ¥59.65 million in 2020[25]. - The net cash flow from operating activities decreased significantly by 83.62% to approximately ¥8.85 million from ¥54.05 million in 2020[25]. - The total assets at the end of 2021 were approximately ¥659.65 million, reflecting a 22.58% increase from ¥538.12 million at the end of 2020[25]. - The net assets attributable to shareholders increased by 16.36% to approximately ¥443.86 million at the end of 2021, up from ¥381.45 million at the end of 2020[25]. - The basic earnings per share for 2021 was ¥1.22, a 4.27% increase from ¥1.17 in 2020[25]. - The company reported a decrease in the net profit after deducting non-recurring gains and losses, which was approximately ¥56.85 million, down 1.34% from ¥57.62 million in 2020[25]. - The company achieved a net profit of 62.455 million yuan in 2021, with a significant difference of 53.6034 million yuan compared to the net cash flow from operating activities[107]. - The total cash and cash equivalents decreased by 611.09% year-on-year, resulting in a net decrease of 13.4145 million yuan[104]. Dividend Policy - The company plans to distribute a cash dividend of 6.30 yuan per 10 shares to all shareholders, based on a total of 68 million shares[7]. - The company has established a profit distribution policy that emphasizes stable cash dividends, with a minimum cash distribution of 20% of the distributable profit each year[189]. - In mature stages without major capital expenditures, the minimum cash dividend proportion should reach 80% of the profit distribution[191]. - The company will prioritize cash dividends over stock dividends when distributing profits, ensuring that cash dividends are implemented under sufficient cash flow conditions[190]. - The profit distribution plan must be approved by the board of directors and submitted to the shareholders' meeting for approval, ensuring transparency and communication with minority shareholders[197]. - The company aims to maintain a continuous and stable profit distribution policy, considering industry characteristics and development stages[191]. Market Trends and Opportunities - The global micro motor market is projected to grow at a compound annual growth rate of 4.10% from 2021 to 2030, reaching approximately $56.07 billion by 2030[35]. - The global home appliance market is projected to reach $560.613 billion in revenue by 2021, with an expected growth rate of 2.65% from 2021 to 2025[45]. - The demand for micro motors in the information equipment sector is expected to remain stable or see moderate growth due to significant replacement needs[43]. - The micro motor industry in China has developed a complete industrial system, including product development, production, and key components[39]. - The trend towards automation and large-scale production is becoming prevalent in the micro motor industry, enhancing productivity and product quality[41]. - The integration of brushless motors and drive circuits is a key technological trend in the micro motor sector, promoting energy efficiency[42]. - The market for micro motors in household appliances is expected to grow steadily, driven by increasing demand in rural areas[46]. - The domestic new energy vehicle drive motor market size is estimated to be approximately 5.824 billion yuan, while the global market size is around 12.422 billion yuan, based on 2020 production and sales data[48]. - The demand for micro-special motors in various sectors, including electric power steering systems and electronic suspension systems, is expected to grow significantly due to the increasing electrification of vehicles[48]. - The HVACR fan industry in China has seen substantial growth, with the production of air conditioners increasing from 81.53 million units in 2009 to 210.65 million units in 2020, indicating a strong market for associated fan products[52]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly for enameled wire and silicon steel sheets, which are closely linked to copper and steel prices[4]. - The ongoing global chip shortage has impacted production, with potential declines in output for products reliant on chip supply[5]. - The company acknowledges the impact of the COVID-19 pandemic on its operations, including challenges in logistics and supply chain disruptions[5]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and potential market fluctuations[4]. - The company reported accounts receivable of 175.09 million yuan, indicating a relatively low risk of bad debts due to long-term relationships with major clients[137]. - The company has a year-end inventory balance of 129.26 million yuan, with risks of price declines if clients reduce or cancel customized orders[139]. Research and Development - The company has been recognized as a high-tech enterprise since 2008 and has received multiple awards for its innovative projects, including the second prize from the China Electronics Society for its integrated intelligent brushless DC motor project in 2010[62]. - The company has established a provincial engineering technology research center for micro-special motors and has been recognized as a provincial enterprise technology center in 2019[62]. - The company’s production technology for brushless DC motors has reached the forefront of global micro-special motor technology, maintaining stable business scale and long-term partnerships with major clients[63]. - The company aims to enhance its R&D capabilities and invest in new technologies and products to strengthen its market competitiveness[122]. - The company is investing 100 million CNY in R&D for new technologies aimed at enhancing product efficiency[163]. - Research and development expenses increased by 37.09% to ¥29,651,232.46, reflecting the company's increased investment in R&D[100]. - R&D investment as a percentage of operating revenue was 4.03%, up from 3.93% in the previous year[102]. Corporate Governance - The company strictly adheres to relevant laws and regulations, ensuring a sound corporate governance structure and internal control environment[143]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[146]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring a complete and independent business system[149]. - The company has established an independent financial department with a standardized accounting system, ensuring independent financial decision-making[153]. - The company held its annual general meeting on June 18, 2021, with 100% investor participation, discussing the board's work report and independent directors' performance[156]. - The management team remains stable, with no changes in key positions reported during the fiscal year[160]. - The company has a structured compensation policy governed by the remuneration and assessment committee of the board[172]. - The company has not faced any penalties from securities regulatory authorities for directors, supervisors, and senior management in the past three years[171]. - The company has a diverse management team with members holding various positions in other organizations, enhancing its governance structure[171]. Employee and Talent Management - The total number of employees at the end of the reporting period is 864, with 862 from the parent company and 2 from major subsidiaries[182]. - The professional composition includes 667 production personnel, 25 sales personnel, 113 technical personnel, 8 financial personnel, and 51 administrative personnel[182]. - The educational background of employees shows 1 with a doctorate, 13 with a master's degree, 69 with a bachelor's degree, 170 with an associate degree, and 611 with high school or below[183]. - The company has a strong talent pool with experienced professionals across R&D, production, and sales, which is considered a core competitive advantage[85]. - The company plans to implement a training program in 2022 focusing on professional skills, safety, emergency response, and self-management skills[186]. Strategic Initiatives - The company is focused on expanding its market presence and developing new technologies in the HVACR sector, which is a primary application area for its products[20]. - The company aims to enhance its market competitiveness by developing new products such as brushless DC motors and high-efficiency pumps for various applications[101]. - The company plans to expand its brand presence globally and increase marketing efforts in overseas markets[122]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 200 million CNY allocated for this purpose[165]. - A strategic partnership with a leading tech firm is expected to boost the company's market presence and drive innovation[166].

Financial Performance - The company's operating revenue for Q1 2022 was ¥148,604,521.73, a decrease of 6.12% compared to ¥158,288,687.73 in the same period last year[3] - Net profit attributable to shareholders was ¥15,079,609.50, an increase of 20.93% from ¥12,469,340.62 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥13,713,039.20, up 28.29% from ¥10,689,454.73 in the previous year[3] - Total revenue for Q1 2022 was CNY 148.60 million, a decrease of 6.6% from CNY 158.29 million in the same period last year[17] - Operating profit for Q1 2022 increased to CNY 16.63 million, compared to CNY 13.89 million in the previous year, reflecting a growth of 19.9%[17] - The total comprehensive income for the first quarter was CNY 15,066,061.23, up from CNY 12,468,429.11, reflecting a growth of 20.5% year-over-year[18] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,119,079,802.33, representing a 69.65% increase from ¥659,650,444.26 at the end of the previous year[3] - Cash and cash equivalents at the end of Q1 2022 reached CNY 502.08 million, significantly up from CNY 36.75 million at the beginning of the year[13] - Total assets as of the end of Q1 2022 amounted to CNY 1.12 billion, an increase from CNY 659.65 million at the start of the year[15] - Total liabilities at the end of Q1 2022 were CNY 222.48 million, slightly up from CNY 215.79 million at the beginning of the year[15] Shareholder Equity - Shareholders' equity attributable to the parent company was ¥896,598,016.45, a significant increase of 102.00% from ¥443,863,070.80[3] - The company's equity attributable to shareholders increased to CNY 896.60 million from CNY 443.86 million year-on-year, showing a growth of 102.0%[15] Cash Flow - The net cash flow from operating activities improved to -¥3,847,674.25, a 24.58% improvement from -¥5,101,440.89 in the same period last year[3] - Cash inflow from operating activities was CNY 129,203,250.63, compared to CNY 105,997,385.08 in the previous year, representing an increase of 22.2%[20] - Cash flow from investing activities showed a net inflow of CNY 3,697,207.17, compared to CNY 1,385,106.77 in the previous year, indicating a significant increase[22] - The company raised CNY 465,220,000.00 from financing activities, marking a substantial inflow compared to the previous year[22] - The ending cash and cash equivalents balance was CNY 502,077,057.15, a significant increase from CNY 39,038,077.61 at the end of the previous year[22] Earnings Per Share - The basic and diluted earnings per share were both ¥0.22, down 8.33% from ¥0.24 in the previous year[3] - Basic earnings per share for the first quarter were CNY 0.22, slightly down from CNY 0.24 in the same period last year[18] Other Financial Metrics - The weighted average return on equity decreased to 2.25% from 3.22% in the previous year, primarily due to the increase in shareholders' equity from the new share issuance[6] - The company reported a net credit impairment loss of CNY 729.11 million in Q1 2022, compared to a net gain of CNY 581.64 million in the same period last year[17] - Research and development expenses for Q1 2022 were CNY 6.14 million, compared to CNY 5.75 million in the previous year, reflecting an increase of 6.8%[17] - The company received government subsidies amounting to ¥293,577.93, which are closely related to its normal business operations[5] - The company reported a decrease in other comprehensive income, with a net amount of -CNY 13,548.27 compared to -CNY 911.51 in the previous year[18] - The company did not conduct an audit for the first quarter report[23]