Group 1: Financial Performance - In 2024, the company achieved operating revenue of ¥391,719,678.83, a year-on-year increase of 28.14% [4] - The net profit attributable to shareholders was ¥25,815,418.23, a decrease of 2.75% year-on-year [4] - The net profit after deducting non-recurring gains and losses was ¥22,569,320.84, an increase of 6.74% year-on-year [4] - In Q1 2025, the company reported operating revenue of ¥9,519.57, a year-on-year growth of 26.68% [6] - The net profit attributable to shareholders in Q1 2025 was ¥464.50, a year-on-year increase of 29.80% [6] - The net profit after deducting non-recurring gains and losses in Q1 2025 was ¥328.55, a year-on-year increase of 37.15% [6] Group 2: Strategic Initiatives and Innovations - The company maintained a focus on "solidifying development quality" and achieved high-quality growth through the "one core, dual engines" strategy [5] - R&D investment increased by 31.39% in 2024, resulting in 5 new invention patents and 8 utility model patents [5] - The weighted average return on net assets after deducting non-recurring gains and losses increased by 0.16 percentage points year-on-year [5] - Accounts receivable turnover improved from 5.19 in 2023 to 5.69 in 2024, and inventory turnover improved from 2.30 in 2023 to 3.44 in 2024 [5] Group 3: Market Expansion and Product Development - Domestic sales revenue reached ¥48,423,500, a year-on-year increase of 58.58%, with a gross margin of 11.05%, up by 2.39 percentage points [5] - International sales revenue was ¥343,296,200, a year-on-year increase of 24.76% [5] - The company is actively participating in supplier bidding for mainstream optical module manufacturers, focusing on HDI PCB products [7] - The AI glasses-related FPC products began mass shipments in Q4 2024, contributing to sales growth in Q1 2025 [8] - The company is enhancing its technical capabilities in high-end wearable devices, including AI glasses and medical-grade hearing aids [8]

Financial Performance - Operating revenue for the first quarter of 2025 reached CNY 95,195,671.47, representing a year-on-year increase of 26.68%[9] - Net profit attributable to shareholders for the same period was CNY 4,644,976.69, up 29.80% from the previous year[9] - Total operating revenue for Q1 2025 reached ¥95,195,671.47, a 26.7% increase from ¥75,145,008.99 in Q1 2024[37] - Operating profit for Q1 2025 was ¥4,570,752.50, up 25.5% from ¥3,640,948.56 in Q1 2024[37] - Net profit for Q1 2025 was ¥4,644,976.69, representing a 30.0% increase compared to ¥3,578,622.76 in Q1 2024[37] - The total profit for Q1 2025 was ¥4,862,294.77, an increase of 32.3% from ¥3,678,930.66 in Q1 2024[37] - The total comprehensive income for Q1 2025 was ¥4,644,976.69, an increase of 30.0% from ¥3,578,622.76 in Q1 2024[38] Cash Flow - The company's cash flow from operating activities showed a significant decline of 82.13%, totaling CNY 887,484.60[11] - Operating cash inflow for Q1 2025 was CNY 93,251,905.92, a 48.9% increase from CNY 62,659,213.21 in Q1 2024[42] - Net cash flow from operating activities for Q1 2025 was CNY 887,484.60, a significant decrease from CNY 4,966,735.81 in Q1 2024[42] - Cash inflow from investment activities in Q1 2025 was CNY 192,455,565.07, up 59.8% from CNY 120,663,749.99 in Q1 2024[42] - Cash flow from financing activities in Q1 2025 was CNY 10,822,857.39, reversing from a negative cash flow of -CNY 6,592,785.59 in Q1 2024[42] Assets and Liabilities - Total assets as of March 31, 2025, were CNY 810,670,342.05, a decrease of 0.13% compared to the end of 2024[9] - The company's total liabilities to assets ratio (consolidated) was 35.22%, a slight decrease from 35.87% at the end of 2024[9] - Current assets totaled ¥330,111,151.26, down from ¥335,306,580.07, with cash and cash equivalents decreasing from ¥113,467,945.81 to ¥92,253,845.80[32] - Total liabilities decreased to ¥285,485,848.27 from ¥291,150,403.08, with current liabilities at ¥220,109,717.17[33] - Shareholders' equity rose to ¥525,184,493.78 from ¥520,539,517.09, driven by retained earnings increasing from ¥224,155,970.30 to ¥228,800,946.99[33] Shareholder Information - The largest shareholder, Xue Xinghan, holds 39,974,185 shares, representing 40.45% of total shares[18] - The second-largest shareholder, Wang Daoqun, holds 14,003,080 shares, accounting for 14.17% of total shares[18] - The total shares held by the top ten shareholders amount to 74,521,522, which is 75.40% of the total shares[18] - There are no pledged or judicially frozen shares among the top shareholders[20] Investments and Commitments - The company has ongoing investments in construction projects, with capital work in progress rising from ¥23,170,870.76 to ¥30,665,433.25[32] - Long-term investments remained stable, with long-term equity investments at ¥22,201,144.78 compared to ¥22,200,643.79[32] - The company has no new commitments during the reporting period, and all existing commitments are being fulfilled normally[28] Operational Metrics - The company reported a significant increase in accounts receivable, rising from ¥79,303,963.96 to ¥69,396,745.08, indicating a potential growth in sales[32] - Inventory levels increased to ¥86,172,268.06 from ¥77,053,386.34, suggesting a buildup in stock[32] - Research and development expenses increased to ¥6,188,397.33 in Q1 2025, up from ¥5,710,943.74 in Q1 2024, reflecting a growth of 8.3%[37] - The company reported a total operating cost of ¥91,381,150.08 in Q1 2025, which is a 28.4% increase from ¥71,175,254.88 in Q1 2024[37] Legal and Compliance - The company is involved in litigation and arbitration matters, but the amounts involved are not significant enough to impact operations[23] - The company has no changes in its employee stock ownership plan during the reporting period[27]

Financial Performance - The company's operating revenue for 2024 reached ¥391,719,678.83, representing a 28.14% increase compared to ¥305,703,730.67 in 2023[25] - The net profit attributable to shareholders of the listed company decreased by 2.75% to ¥25,815,418.23 from ¥26,545,035.98 in the previous year[25] - The net profit after deducting non-recurring gains and losses increased by 6.74% to ¥22,569,320.84, compared to ¥21,144,495.42 in 2023[25] - The gross profit margin for 2024 was 26.67%, slightly down from 27.50% in 2023[25] - The weighted average return on net assets based on net profit attributable to shareholders was 5.03%, down from 5.33% in the previous year[25] - Basic earnings per share for 2024 were ¥0.2612, a decrease of 2.76% from ¥0.2686 in 2023[25] - Total assets increased by 11.05% to ¥811,689,920.17 compared to the end of 2023[27] - Total liabilities rose by 29.04% to ¥291,150,403.08 compared to the end of 2023[27] - The company reported a net cash flow from operating activities of ¥40,088,727.35, a decrease of 31.31% from the previous year[27] - The company achieved operating revenue of ¥391,719,678.83, representing a year-on-year growth of 28.14%[45] - Net profit attributable to shareholders decreased by 2.75% to ¥25,815,418.23, while the net profit excluding non-recurring gains and losses increased by 6.74% to ¥22,569,320.84[45] - Total assets increased by 11.05% to ¥811,689,920.17, and shareholders' equity rose by 3.01% to ¥520,539,517.09[45] - The company reported a significant increase in other business income, which rose by 187.99% to ¥317,051.95[63] - The company’s investment income decreased by 60.23% to ¥1,335,126.08, primarily due to losses from an associated enterprise[60] - The company’s total liabilities decreased significantly, leading to a financial expense reduction of 629.30%[60] Market and Industry Trends - The global PCB industry is projected to grow at a compound annual growth rate (CAGR) of approximately 5.2% from 2024 to 2029[52] - The overall revenue of the optical module market slightly decreased from $11 billion in 2022 to $10.9 billion in 2023, but is expected to reach $22.4 billion by 2029 due to high demand for 400G and above high data rate modules from cloud service operators and national telecom operators[53] - The PCB industry is benefiting from the diversification of downstream applications, with significant growth driven by the rise of smartphones, laptops, and advancements in communication technology[54] - The company anticipates continued growth in the PCB industry supported by favorable national policies and the ongoing development of the AI industry[55] - The demand for customized products is increasing due to the diversification of downstream application scenarios, particularly in high-performance computing and smart terminals[110] - The flexible printed circuit (FPC) module industry is experiencing rapid growth, driven by the demand for lightweight and portable electronic products, especially in the automotive and medical sectors[111] - The demand for high-end PCB products such as HDI and packaging substrates is significantly increasing, driven by the rapid development of emerging applications like 5G, AI, and smart vehicles[113] Research and Development - The company is focused on the research, production, and sales of customized module products based on flexible applications[19] - The company is actively pursuing new product development and technological advancements to drive future growth[11] - The company is focusing on R&D of new materials and products, adopting a JDM model for deeper collaboration[39] - Research and development expenses increased by 31.39% to ¥23,006,974.15, reflecting higher investments in key projects[60] - The total number of R&D personnel rose from 101 to 108, with R&D personnel now accounting for 13.45% of the total workforce[92] - Key R&D projects include open wireless earphone noise reduction and self-service blood glucose detection modules, both in small batch supply stages, aimed at enhancing sales performance[94][96] - The company is developing a 800G-1.6T optical module, currently in the verification phase, to strengthen its market competitiveness[95] - The company holds a total of 114 patents, including 21 invention patents, with 5 new invention patents added during the reporting period[46] Operational Strategies - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming year[11] - The company has implemented a "sales-driven production" model to meet diverse customer demands for customized products[42] - The company has established a comprehensive process for handling customer orders, ensuring timely production and delivery[42] - The company is actively investing in digitalization and automation to improve production efficiency and meet higher customer delivery standards[48] - The company plans to enhance its manufacturing capabilities in automotive electronics and medical electronics through its new facility in Huizhou[40] - The company is focusing on optimizing procurement and supply chain management for flexible circuit boards through its investment in Fujian Shizhuo Electronics Technology Co., Ltd.[86] - The company is expanding its production capacity with the full operation of its subsidiaries in Guangdong and Huizhou, which will support its differentiated development strategy[116] Risk Management - The company faces risks related to the loss of core technical personnel, which could weaken R&D capabilities and core competitiveness[123] - The company has a high reliance on overseas sales, with a significant portion settled in USD, exposing it to exchange rate fluctuations[122] - The company is exposed to risks from international trade policies and tariffs, which could affect sales in overseas markets[124] - The company maintains a stable supply of raw materials, but price fluctuations due to macroeconomic factors could adversely affect performance[122] - The company has implemented measures to optimize raw material procurement strategies and enhance supply chain management to mitigate risks from price volatility[122] Corporate Governance and Shareholder Information - The company has a clear cash dividend policy that complies with the company's articles of association and shareholder resolutions[165] - The total number of ordinary shares increased from 70,592,806 to 98,829,928 after a stock dividend of 4 shares for every 10 shares held and a cash distribution of ¥1.5 per 10 shares[149] - The largest shareholder, Xue Xinghan, holds 39,974,185 shares, representing 40.4474% of the total shares, while controlling a total of 51.4513% through associated entities[154] - The company raised ¥155,099,267.59 through public offerings, with ¥70,571,892.63 utilized during the reporting period[159] - The company has complied with all regulations regarding the management and use of raised funds, with no violations reported[161] - The company has no instances of shareholder or related party occupation or transfer of company funds, assets, or other resources during the reporting period[134] Employee and Management Information - The total number of employees increased from 751 to 916, representing a growth of approximately 22%[178] - Management personnel increased from 34 to 42, a rise of 23.5%[178] - Production personnel saw a significant increase from 498 to 638, marking a growth of 28.2%[178] - The company has implemented a comprehensive training program to enhance employee skills and efficiency[179] - The company maintains a stable employee base with no significant changes reported during the period[179] - The company has a performance evaluation system in place to boost employee motivation and retention[179]

二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.2612 | 0.2686 | -2.76 | 0.4502 | | 每股净资产（元） | 5.27 | 7.16 | -26.4 | 6.93 | | 每股公积金(元) | 1.58 | 2.62 | -39.69 | 2.62 | | 每股未分配利润(元) | 2.27 | 3.04 | -25.33 | 2.91 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 3.92 | 3.06 | 28.1 | 3.28 | | 净利润(亿元) | 0.26 | 0.27 | -3.7 | 0.28 | | 净资产收益率(%) | 5.03 | 5.33 | -5.63 | 7.09 | 数据四舍五入，查看更多财务数据>> 前十大流通股东累计持有： 2674.6万股，累计占流通股比： 52.57%，较上期变化 ...

第一条 为维护深圳市则成电子股份有限公司（以下简称"公司"）的企业声 誉和品牌形象，提高舆情管理能力，建立快速反应和应急处置机制，及时、妥善 处理各类舆情对公司股票价格、公司商业信誉及正常生产经营活动造成的影响， 切实保护投资者合法权益，根据《中华人民共和国证券法》《北京证券交易所股 票上市规则（试行）》等相关法律、行政法规、规范性文件和《深圳市则成电子 股份有限公司章程》（以下简称"《公司章程》"）的规定，结合公司实际情况，制 定本制度。 第二条 本制度所称舆情包括： 深圳市则成电子股份有限公司舆情管理制度 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 审议及表决情况 2025 年 4 月 22 日，深圳市则成电子股份有限公司（以下简称"公司"）召 开了第三届董事会第二十五次会议，会议审议通过了《关于制定<舆情管理制度> 的议案》，本议案无需提交股东大会审议。 二、 制度的主要内容，分章节列示： 第一章 总则 证券代码：837821 证券简称：则成电子 公告编号：2025-029 （四）其他涉 ...

Zecheng Electronics' 2024 Social Responsibility Report 则成电子2024年社会责任报告 深圳市则成电子股份有限公司 2025年4月 深圳市龙岗区南湾街道康正路48号莲塘工业区6栋 报告期内责任绩效情况 法人治理结构 董事会构成及其职责 三会运作情况 投资者关系管理 风险防控与合规运营 知识产权保护和信息安全管理 02 公司治理 应对气候变化 绿色能源管理 污废防控治理 水资源管理及噪声管理 产品质量及消费者健康与安全 03 环境管理 04 社会责任 重视利益相关方参与 客户价值共创 供应链管理 员工权益保障 目录 CONTENTS 董事长致辞 01 企业情况 前言 公司概况 发展历程 公司荣誉 企业文化 关于本报告 主体范围 属全资、控股子公司。 数据来源 深圳市则成电子股份有限公司及旗下子公司（惠州市则成技术有限公司、 广东则成科技有限公司、珠海芯物科技有限公司、则成投资控股有限公 司） 关于本报告 为便于表述和阅读，报告中"深圳市则成电子股份有限公司"也以"则 成电子"、"则成"或"公司"表示；"惠州市则成技术有限公司"也 以"惠州则成"表示；"广东则 ...

证券代码：837821 证券简称：则成电子 公告编号：2025-011 深圳市则成电子股份有限公司 董事会关于独立董事独立性自查情况的专项报告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及 连带法律责任。 深圳市则成电子股份有限公司（以下简称"公司"）董事会根据中国证券监 督管理委员会《上市公司独立董事管理办法》及北京证券交易所《北京证券交易 所上市公司持续监管指引第 1 号——独立董事》等相关规定，并结合公司现任独 立董事王永海先生、钟明霞女士、崔成强先生向董事会提供的关于独立性情况的 自查报告，对公司独立董事的独立性情况进行了评估并出具如下专项意见： （二）独立董事及其配偶、父母、子女未直接或者间接持有公司已发行股份 百分之一以上，不是公司前十名股东中的自然人股东； （三）独立董事及其配偶、父母、子女未在直接或者间接持有公司已发行股 份百分之五以上的股东，或者公司前五名股东任职； （四）独立董事及其配偶、父母、子女未在公司控股股东、实际控制人的附 属企业任职； （五）独立董事不是公司及公司控股股东、实际控制人或者 ...

证券代码：837821 证券简称：则成电子 公告编号：2025-023 会计师事务所名称：大华会计师事务所（特殊普通合伙） 成立日期：2012 年 2 月 9 日 组织形式：特殊普通合伙 注册地址：北京市海淀区西四环中路 16 号院 7 号楼 1101 首席合伙人：梁春 2024 年度末合伙人数量：150 人 2024 年度末注册会计师人数：887 人 2024 年度末签署过证券服务业务审计报告的注册会计师人数：404 人 2023 年收入总额（经审计）：325,333.63 万元 2023 年审计业务收入（经审计）：294,885.10 万元 2023 年证券业务收入（经审计）：148,905.87 万元 2023 年上市公司审计客户家数：436 家 深圳市则成电子股份有限公司 关于会计师事务所履职情况的评估报告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及 连带法律责任。 深圳市则成电子股份有限公司（以下简称"公司"）聘请了大华会计师事务 所（特殊普通合伙）（以下简称"大华会计师事务所"）作为公司 2024 年度 ...

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及 连带法律责任。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理 准则》《国有企业、上市公司选聘会计师事务所管理办法》等法律法规和《公司 章程》《董事会审计委员会工作细则》的规定和要求，深圳市则成电子股份有限 公司（以下简称"公司"）董事会审计委员会本着勤勉尽责的原则，恪尽职守， 认真履职，对公司 2024 年度审计机构大华会计师事务所（特殊普通合伙）（以 下简称"大华会计师事务所"）履行了监督职责，现将董事会审计委员会对大华 会计师事务所履行监督职责情况汇报如下： 一、会计师事务所的基本情况 证券代码：837821 证券简称：则成电子 公告编号：2025-024 深圳市则成电子股份有限公司 审计委员会对会计师事务所履行监督职责情况报告 （一）基本信息 会计师事务所名称：大华会计师事务所（特殊普通合伙） 成立日期：2012 年 2 月 9 日 组织形式：特殊普通合伙 注册地址：北京市海淀区西四环中路 16 号院 7 号楼 1101 首席合伙人：梁春 20 ...

深圳市则成电子股份有限公司 内部控制审计报告 大华内字[2025]0011000007 号 大华会计师事务所(特殊普通合伙) Da Hua Certified Public Accountants (Special General Partnership) 您可使用手机"扫一扫"或进入"注册会计师行业统一监管亚台（hmm//--- 深圳市则成电子股份有限公司 内部控制审计报告 大华会计师事务所 (特殊普通合伙) 北京市海淀区西四环中路 16号院 7 号楼 12 层 [100039] 电话:86 (10) 5835 0011 传真: 86 (10) 5835 0006 www.dahua-coa.com (截止 2024 年 12 月 31 日) 录 页 次 内部控制审计报告 1-2 ----- 大婆食計師事務所 内 部 控 制 审 计 报 告 大华内字[2025]0011000007 号 深圳市则成电子股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了深圳市则成电子股份有限公司(以下简称则成电 子公司) 2024年12月 31 日的财务报告内部控制的有效性。 ...