证券代码：838701 证券简称：豪声电子 公告编号：2024-076 1 二〇二四年九月十三日 经公司 2024 年第一次临时股东大会审议通过 | 第一章 总则 | 4 | | --- | --- | | 第二章 经营宗旨和范围 | 4 | | 第三章 股份 | 5 | | 第一节 股份发行 | 5 | | 第二节 股份增减和回购 | 7 | | 第三节 股份转让 | 8 | | 第四章 股东和股东大会 | 9 | | 第一节 股东 | 9 | | 第二节 股东大会的一般规定 | 11 | | 第三节 股东大会的召集 | 15 | | 第四节 股东大会的提案与通知 | 17 | | 第五节 股东大会的召开 | 18 | | 第六节 股东大会的表决和决议 | 21 | | 第五章 董事会 | 26 | | 第一节 董事 | 26 | | 第二节 董事会 | 30 | | 第六章 总经理及其他高级管理人员 | 36 | | 第七章 监事会 | 38 | | 第一节 监事 | 38 | | 第二节 监事会 | 39 | | 第八章 财务会计制度、利润分配和审计 | 41 | | 第一节 财务会计制度 | 41 | ...

证券代码：838701 证券简称：豪声电子 公告编号：2024-073 浙江豪声电子科技股份有限公司 关于公司及相关人员收到中国证券监督管理委员会浙江 监管局行政监管措施决定书的公告 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。 一、基本情况 相关文书的全称：《关于对浙江豪声电子科技股份有限公司及相关人员采取 出具警示函措施的决定》（〔2024〕188 号） 收到日期：2024 年 9 月 3 日 措施类别：行政监管措施 | （涉嫌）违法违规主体及任职情况： | | --- | | 姓名/名称 | 类别 | 具体任职/关联关系 | | --- | --- | --- | | 浙江豪声电子科技股份 | 上市公司或其子公司 | 上市公司 | | 有限公司 | | | | 徐瑞根 | 控股股东/实际控制人 | 董事长兼总经理 | | 高引芳 | 董监高 | 财务总监 | | 言津 | 董监高 | 董事兼董事会秘书 | 涉嫌违法违规事项类别： 生效日期：2024 年 8 月 30 日 作出主体：中国证监会及其 ...

证券代码：838701 证券简称：豪声电子 公告编号：2024-074 浙江豪声电子科技股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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。 一、授权现金管理情况 （一）审议情况 为了提高闲置募集资金使用效率，为公司及股东获取更多的回报，公司召开 第三届董事会第十三次会议、第三届监事会第十一次会议、2023 年年度股东大 会，审议通过了《关于公司使用闲置募集资金进行现金管理的议案》。 公司使用额度不超过人民币 8,000 万元（含 8,000 万元）的闲置募集资金进 行现金管理，在上述额度范围内资金可以循环滚动使用。使用闲置募集资金进行 现金管理的品种满足低风险、安全性高、流动性好、能够保障投资本金安全、单 笔投资期限最长不超过 12 个月等要求，包括但不限于结构性存款、大额存单、 通知存款、定期存单等，且购买的产品不得抵押，不用作其他用途，不影响募集 资金投资计划正常进行。 具体内容详见公司 2024 年 4 月 26 日在北京证券交易所信息披露平台 ...

证券代码：838701 证券简称：豪声电子 公告编号：2024-074 具体内容详见公司 2024 年 4 月 26 日在北京证券交易所信息披露平台 （http://www.bse.cn/）披露的公司《使用闲置募集资金进行现金管理公告》（公 告编号：2024-038）。公司保荐机构申万宏源证券承销保荐有限责任公司出具了 无异议的核查意见。 （二）披露标准 根据《北京证券交易所股票上市规则（试行）》等相关规定，交易的成交金 额占上市公司最近一期经审计净资产的 10%以上且超过 1,000 万元的应当予以披 露；上市公司连续 12 个月滚动发生委托理财的，以该期间最高余额为成交额， 适用上述标准。 浙江豪声电子科技股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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。 一、授权现金管理情况 （一）审议情况 为了提高闲置募集资金使用效率，为公司及股东获取更多的回报，公司召开 第三届董事会第十三次会议、第三届监事会第十一次会议、2023 年年度股东大 会，审议通 ...

证券代码：838701 证券简称：豪声电子 公告编号：2024-073 措施类别：行政监管措施 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、基本情况 相关文书的全称：《关于对浙江豪声电子科技股份有限公司及相关人员采取 出具警示函措施的决定》（〔2024〕188 号） 收到日期：2024 年 9 月 3 日 浙江豪声电子科技股份有限公司 关于公司及相关人员收到中国证券监督管理委员会浙江 监管局行政监管措施决定书的公告 | （涉嫌）违法违规主体及任职情况： | | --- | | 姓名/名称 | 类别 | 具体任职/关联关系 | | --- | --- | --- | | 浙江豪声电子科技股份 | 上市公司或其子公司 | 上市公司 | | 有限公司 | | | | 徐瑞根 | 控股股东/实际控制人 | 董事长兼总经理 | | 高引芳 | 董监高 | 财务总监 | | 言津 | 董监高 | 董事兼董事会秘书 | 涉嫌违法违规事项类别： 生效日期：2024 年 8 月 30 日 作出主体：中国证监会及其 ...

| | 公告日期 2024-08-30 | 异常期间 | 无 | | | | --- | --- | --- | --- | --- | --- | | | 豪声电子(838701) 连续竞价 | 成交数量 （股） | 6936193 | 成交金额（万 元） | 10420.93 | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 中国银河证券股份有限公司中山古镇证券营业部 | | | 2938149.55 | 0 | | 买2 | 中邮证券有限责任公司西安科技二路证券营业部 | | | 2016665.37 | 0 | | 买3 | 东方财富证券股份有限公司拉萨团结路第一证券营业部 | | | 1396044.99 | 658512.11 | | 买4 | 国信证券股份有限公司深圳泰然九路证券营业部 | | | 1264599.44 | 189381.81 | | 买5 | 中信建投证券股份有限公司安吉天荒坪路证券营业部 | | | 1228203.73 | 103981.55 | ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-08- | 837212 | 智新电子 | 9297053 | 7717.53 | 当日收盘价涨幅达到30.00% | | 30 | | | | | | | 2024-08- | 871981 | 晶赛科技 | 9615869 | 16015.46 | 当日收盘价涨幅达到20.66% | | 30 | | | | | | | 2024-08- | 920008 | 成电光信 | 8160909 | 15171.62 | 当日换手率达到34.18% | | 30 | | | | | | | 2024-08- | 831627 | 力王股份 | 8351731 | 8556.83 | 当日换手率达到31.14% | | 30 | | | | | | | 2024-08- | 838701 | 豪声电子 | 6936193 | 10420.93 | 当日换手率达到28.31% | | 30 | | | | | | | 2024-08- | ...

证券代码：838701 证券简称：豪声电子 公告编号：2024-072 浙江豪声电子科技股份有限公司 收补偿款，金额为人民币 3,000,000.00 元，占本次征收补偿款总额的 0.81%。 截至 2024 年 8 月 29 日，公司共收到该协议项下的征收补偿款 353,890,954.80 元，占本次征收补偿款总额的 95.07%。本次征收补偿款总额为人民币 372,261,395.00 元。 公司将严格根据《企业会计准则》的有关规定进行账务处理，会计处理最终 以会计师事务所审计后的结果为准。 三、风险提示 公司将持续关注剩余征收补偿款的到位情况并及时履行信息披露义务，敬请 广大投资者注意投资风险。 关于公司收到征收补偿款的公告 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。 一、本次征收补偿概况 因嘉善县惠民街道实施城市有机更新需要，根据土地管理法及其他法律、法 规的规定，同时为推动公司改造升级，推进公司高质量发展，公司与嘉善天信房 屋拆迁有限责任公司（以下简称"天信拆迁"）签署《征收补偿协议》。 ...

证券代码：838701 证券简称：豪声电子 公告编号：2024-072 浙江豪声电子科技股份有限公司 关于公司收到征收补偿款的公告 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。 一、本次征收补偿概况 因嘉善县惠民街道实施城市有机更新需要，根据土地管理法及其他法律、法 规的规定，同时为推动公司改造升级，推进公司高质量发展，公司与嘉善天信房 屋拆迁有限责任公司（以下简称"天信拆迁"）签署《征收补偿协议》。根据《征 收补偿协议》约定，公司被征收房屋坐落于浙江省嘉善县惠民街道惠民大道 328 号、365 号，具体内容详见公司 2021 年 10 月 12 日在全国中小企业股份转让系 统指定信息披露平台（http://www.neeq.com.cn/）披露的《关于签署<征收补偿 协议>的公告》（公告编号：2021-033）。 2024 年 4 月 16 日公司与天信拆迁签订了《补充协议书》，该协议书为公司 之前与天信拆迁签订的《征收补偿协议》的补充合同。由于嘉善县工业用地级别 基准的调整，涉及惠民街道"城市有机 ...

[Important Notice, Table of Contents, and Definitions](index=4&type=section&id=Section%20I%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides general assurances, outlines significant risks, and defines key terms used throughout the report [Important Notice](index=4&type=section&id=Important%20Notice) The company's directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this report's content without objection, noting that this semi-annual report has not been audited by an accounting firm, and forward-looking statements regarding future plans do not constitute a substantive commitment - The company's directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content, with no objections[6](index=6&type=chunk)[7](index=7&type=chunk) - This semi-annual report has not been audited by an accounting firm[6](index=6&type=chunk) - Forward-looking statements regarding future plans in the report do not constitute a substantive commitment by the company to investors[6](index=6&type=chunk) [Significant Risk Warning](index=4&type=section&id=Significant%20Risk%20Warning) The company is not at risk of delisting, but investors should pay attention to the significant risk factors analyzed in "Section III Accounting Data and Operating Performance" - The company is not at risk of delisting[8](index=8&type=chunk) - Significant risk factors are detailed in "Section III Accounting Data and Operating Performance" under "XIV. Risks Faced by the Company and Countermeasures"[8](index=8&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section provides definitions for common terms used in the report, including company names, subsidiaries, related parties, laws, regulations, institutional names, and financial reporting periods - "Company," "the Company," and "Haosheng Electronics" are defined as Zhejiang Haosheng Electronics Technology Co., Ltd[9](index=9&type=chunk) - The reporting period refers to the first half of 2024, and the end of the reporting period is June 30, 2024[9](index=9&type=chunk) [Company Profile](index=6&type=section&id=Section%20II%20Company%20Profile) This section provides basic information about the company, its contact details, disclosure information, enterprise details, registration changes, intermediary agencies, and voluntary disclosures [Basic Information](index=6&type=section&id=I.%20Basic%20Information) The company's stock abbreviation is Haosheng Electronics, stock code is 838701, and legal representative is Xu Ruigen Company Basic Information | Indicator | Content | | :----------------- | :----------------------------------------- | | Stock Abbreviation | Haosheng Electronics | | Stock Code | 838701 | | Company Full Name | Zhejiang Haosheng Electronics Technology Co., Ltd. | | Legal Representative | Xu Ruigen | [Contact Information](index=6&type=section&id=II.%20Contact%20Information) The company's Board Secretary is Yan Jin, and the office address is No. 8 Qiantang River Road, Huimin Street, Jiashan County, Jiaxing City, Zhejiang Province - Board Secretary: Yan Jin[11](index=11&type=chunk) - Company Office Address: No. 8 Qiantang River Road, Huimin Street, Jiashan County, Jiaxing City, Zhejiang Province[11](index=11&type=chunk) [Information Disclosure and Document Availability](index=6&type=section&id=III.%20Information%20Disclosure%20and%20Document%20Availability) The company's interim report is the 2024 semi-annual report, disclosed on the Beijing Stock Exchange website (www.bse.cn) and available at the Board Secretary's office - Company Interim Report Disclosure Website: www.bse.cn[12](index=12&type=chunk) - Company Interim Report Availability Location: Board Secretary's Office[12](index=12&type=chunk) [Enterprise Information](index=6&type=section&id=IV.%20Enterprise%20Information) The company was listed on the Beijing Stock Exchange on July 19, 2023, primarily engaged in R&D, production, and sales of micro-speakers/receivers and other electro-acoustic components and audio products, belonging to the computer, communication, and other electronic equipment manufacturing industry - Company Stock Exchange: Beijing Stock Exchange, Listing Date: July 19, 2023[13](index=13&type=chunk) - Industry Classification: C Manufacturing - C39 Computer, Communication and Other Electronic Equipment Manufacturing - C398 Electronic Components and Electronic Special Materials Manufacturing - C3984 Electro-acoustic Devices and Parts Manufacturing[13](index=13&type=chunk) - Main Products and Services: R&D, production, and sales of micro-speakers/receivers and other electro-acoustic components and audio products[13](index=13&type=chunk) - Total Ordinary Share Capital: **98,000,000 shares**[13](index=13&type=chunk) - Controlling Shareholder is Jiashan Ruiheng, actual controllers are Xu Ruigen, Chen Meilin, and their concerted parties Xu Ya, Zhang Yuan[13](index=13&type=chunk) [Registration Changes](index=7&type=section&id=V.%20Registration%20Changes) Registration changes for the company are not applicable during the reporting period [Intermediary Agencies](index=7&type=section&id=VI.%20Intermediary%20Agencies) The company's sponsor for continuous supervision during the reporting period is Shenwan Hongyuan Securities Underwriting & Sponsorship Co., Ltd., with the supervision period extending to December 31, 2026 - Sponsor: Shenwan Hongyuan Securities Underwriting & Sponsorship Co., Ltd[14](index=14&type=chunk) - Continuous Supervision Period: July 19, 2023, to December 31, 2026[14](index=14&type=chunk) [Voluntary Disclosure](index=7&type=section&id=VII.%20Voluntary%20Disclosure) The company has no voluntary disclosure matters during the reporting period [Post-Reporting Period Updates](index=7&type=section&id=VIII.%20Post-Reporting%20Period%20Updates) The company has no updates after the reporting period [Accounting Data and Operating Performance](index=8&type=section&id=Section%20III%20Accounting%20Data%20and%20Operating%20Performance) This section details key financial metrics, non-recurring gains/losses, business overview, operational review, financial analysis, and risk factors [Key Accounting Data and Financial Indicators](index=8&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first half of 2024, the company's operating revenue increased by **26.61%** year-on-year, and net profit attributable to shareholders surged by **725.13%**, primarily due to asset disposal gains. Non-recurring net profit decreased by **89.55%** year-on-year, mainly due to declining gross margin, increased credit impairment losses, and inventory write-downs. Solvency and operational efficiency indicators show a decrease in asset-liability ratio and improved current ratio, but net cash flow from operating activities turned negative 2024 First Half Key Financial Indicators | Indicator | Current Period Amount (yuan) | Prior Year Period Amount (yuan) | Change (%) | | :--------------------------------------------------------------------- | :------------------- | :---------------------- | :--------- | | Operating Revenue | 369,946,442.46 | 292,184,237.36 | 26.61 | | Gross Margin (%) | 10.62 | 14.29 | - | | Net Profit Attributable to Shareholders of Listed Company | 143,188,915.84 | 17,353,418.91 | 725.13 | | Net Profit Attributable to Shareholders of Listed Company After Non-Recurring Gains and Losses | 1,104,099.25 | 10,566,716.62 | -89.55 | | Weighted Average Return on Net Assets % (based on net profit attributable to shareholders) | 18.99 | 5.25 | - | | Weighted Average Return on Net Assets % (based on net profit attributable to shareholders after non-recurring gains and losses) | 0.15 | 3.20 | - | | Basic Earnings Per Share (yuan) | 1.46 | 0.24 | 508.33 | | Net Cash Flow from Operating Activities | -20,555,844.41 | 12,526,987.27 | -264.09 | | Total Assets | 1,118,991,470.98 | 1,121,116,900.24 | -0.19 | | Total Liabilities | 342,258,777.86 | 438,573,122.96 | -21.96 | | Net Assets Attributable to Shareholders of Listed Company | 776,732,693.12 | 682,543,777.28 | 13.80 | | Asset-Liability Ratio % (Consolidated) | 30.59 | 39.12 | - | | Current Ratio | 1.88 | 1.48 | - | | Accounts Receivable Turnover Ratio | 1.53 | 1.67 | - | | Inventory Turnover Ratio | 3.91 | 3.07 | - | - The significant increase in net profit is mainly due to the company completing the relocation and handover of its operating premises at No. 328 Huimin Avenue, Huimin Street, in the first quarter, recognizing a substantial asset disposal gain[26](index=26&type=chunk) - Net profit after deducting non-recurring gains and losses decreased by **89.55%** year-on-year, primarily due to a decrease in gross margin for micro electro-acoustic components, increased credit impairment losses from higher accounts receivable, increased period expenses, and increased inventory write-down losses[26](index=26&type=chunk)[27](index=27&type=chunk) - Net cash flow from operating activities was **-20.56 million yuan**, a year-on-year decrease of **264.09%**, mainly due to large corporate income tax payments and increased production costs[18](index=18&type=chunk)[19](index=19&type=chunk)[41](index=41&type=chunk) [Non-Recurring Gains and Losses and Amounts](index=8&type=section&id=II.%20Non-Recurring%20Gains%20and%20Losses%20and%20Amounts) During the reporting period, the company's net non-recurring gains and losses amounted to **142 million yuan**, primarily from non-current asset disposal gains, significantly impacting net profit Non-Recurring Gains and Losses and Amounts | Item | Amount (yuan) | | :------------------------------------------------------------------------------------------------------------------------------------------ | :------------- | | Gains or losses from disposal of non-current assets | 163,664,461.78 | | Government grants recognized in current profit or loss (excluding those closely related to the company's normal operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss) | 553,300.00 | | Gains or losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains or losses from disposal of financial assets and liabilities, excluding effective hedging activities related to normal business operations | 2,206,220.98 | | Gains or losses from entrusted investment or asset management | 166,576.91 | | Other non-operating income and expenses apart from the above items | 596,269.16 | | **Total Non-Recurring Gains and Losses** | **167,186,828.83** | | Less: Income tax impact | 25,102,012.24 | | **Net Non-Recurring Gains and Losses** | **142,084,816.59** | [Supplementary Financial Indicators](index=9&type=section&id=III.%20Supplementary%20Financial%20Indicators) The company has no supplementary financial indicators to disclose during the reporting period [Changes in Accounting Policies, Accounting Estimates, or Significant Error Corrections](index=9&type=section&id=IV.%20Changes%20in%20Accounting%20Policies%2C%20Accounting%20Estimates%2C%20or%20Significant%20Error%20Corrections) During the reporting period, the company experienced changes in accounting policies, detailed in Section VII Financial Accounting Report / III. Notes to Financial Statements / (II) Notes to Financial Statement Items / III. (XXXI) Changes in Significant Accounting Policies and Accounting Estimates - The company had changes in accounting policies in the current period, with specific details in the notes to the financial statements[23](index=23&type=chunk) [Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=9&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Overseas%20Accounting%20Standards) There are no differences in accounting data under domestic and overseas accounting standards for the company during the reporting period [Business Overview](index=9&type=section&id=VI.%20Business%20Overview) The company primarily engages in R&D, production, and sales of micro electro-acoustic components and audio electro-acoustic products, with no significant changes in its business model during the reporting period. The company holds multiple 'Specialized, Refined, Unique, and Innovative' and 'High-tech Enterprise' certifications, demonstrating its professional capabilities and technological advantages in the electro-acoustic industry - The company operates in the electro-acoustic industry, with its main business being the R&D, production, and sales of micro electro-acoustic components and audio electro-acoustic products[24](index=24&type=chunk) - The company's products are widely used in consumer electronics such as mobile phones, tablet computers, smartwatches, and laptops, as well as in automotive, yacht, and home consumer and entertainment products[24](index=24&type=chunk) - During the reporting period, the company's business model remained unchanged, primarily generating revenue and profit through the production and sale of electro-acoustic components[25](index=25&type=chunk) - The company has been recognized as a "Provincial/Municipal Specialized, Refined, Unique, and Innovative" enterprise and a "High-tech Enterprise," and possesses multiple certifications including the Zhejiang Haosheng Communication Electro-acoustic Technology Provincial High-tech Enterprise Research and Development Center[25](index=25&type=chunk) [Review of Operating Performance](index=10&type=section&id=VII.%20Review%20of%20Operating%20Performance) In the first half of 2024, the company's operating revenue increased by **26.61%** year-on-year, benefiting from the consumer electronics industry's recovery. Net profit surged primarily due to asset disposal gains, while non-recurring net profit decreased due to declining gross margin, increased credit impairment, and inventory write-downs. The company continued to advance fundraising projects, increase R&D investment, and completed the 2023 equity distribution. The electro-acoustic industry market continues to grow, with AI technology adoption expected to bring broader development opportunities - In the first half of 2024, the company's operating revenue was **369.95 million yuan**, a **26.61%** year-on-year increase, mainly due to the recovery of the consumer electronics industry and easing downstream competition, with the company's price-for-volume strategy showing initial results[26](index=26&type=chunk) - Net profit before non-recurring items was **143.19 million yuan**, a **725.13%** year-on-year increase, primarily because the company completed the relocation and handover of its operating premises at No. 328 Huimin Avenue, Huimin Street, in the first quarter, recognizing a substantial asset disposal gain[26](index=26&type=chunk) - Net profit after deducting non-recurring gains and losses was **1.10 million yuan**, a **89.55%** year-on-year decrease, mainly due to a decrease in gross margin for micro electro-acoustic components, increased credit impairment losses from higher accounts receivable, increased period expenses, and increased inventory write-down losses[26](index=26&type=chunk)[27](index=27&type=chunk) - The company's initial public offering raised **215.6 million yuan**, and as of June 30, 2024, **101.53 million yuan** of the raised funds had been used, accounting for **52.68%** of the net proceeds, primarily for expansion projects and supplementing working capital[27](index=27&type=chunk) - During the reporting period, the company obtained 1 authorized patent (invention patent), accumulating a total of 64 authorized patents (5 invention patents, 59 utility model patents), and passed IATF 16949:2016 management system certification[27](index=27&type=chunk) - The company completed its 2023 annual equity distribution on July 11, 2024, distributing a total cash dividend of **49 million yuan** (tax inclusive)[27](index=27&type=chunk) - The global consumer electronics industry continues its recovery, with global smartphone shipments increasing by **6.5%** year-on-year in the second quarter of 2024, and the market size is expected to grow at a CAGR of **7.63%** from 2024 to 2032[29](index=29&type=chunk) - In the future, with global economic recovery and the widespread application of AI technology, the consumer electronics market is expected to usher in broader development opportunities[29](index=29&type=chunk) [Financial Analysis](index=12&type=section&id=III.%20Financial%20Analysis) This section provides a detailed analysis of the company's asset-liability structure, operating performance, and cash flow. Significant changes in the asset-liability structure, such as monetary funds, notes receivable, and construction in progress, are primarily influenced by asset disposals, endorsement of bills, and reduced prepayments. Operating performance shows substantial growth in both operating revenue and net profit, though non-recurring net profit declined. Cash flow from operating activities turned negative, investment cash outflows increased, and financing cash outflows significantly decreased [1. Asset-Liability Structure Analysis](index=12&type=section&id=1.%20Asset-Liability%20Structure%20Analysis) At the end of the period, the company's total assets were **1.119 billion yuan**, total liabilities **342 million yuan**, and net assets **777 million yuan**. Compared to the end of the previous year, total liabilities decreased by **21.96%**, and net assets increased by **13.80%**. Key changes include decreases in notes receivable, construction in progress, prepayments, notes payable, employee compensation payable, taxes payable, and non-current liabilities due within one year, alongside significant increases in other receivables, other payables, and undistributed profits Asset-Liability Structure Major Changes | Item | Period-End Amount (yuan) | Prior Year-End Amount (yuan) | Change (%) | | :--------------------------------- | :------------------- | :--------------------- | :--------- | | Total Assets | 1,118,991,470.98 | 1,121,116,900.24 | -0.19 | | Total Liabilities | 342,258,777.86 | 438,573,122.96 | -21.96 | | Net Assets Attributable to Shareholders | 776,732,693.12 | 682,543,777.28 | 13.80 | | Monetary Funds | 146,116,434.23 | 207,477,221.95 | -29.57 | | Notes Receivable | 43,474,007.86 | 65,598,552.51 | -33.73 | | Accounts Receivable | 236,954,101.21 | 197,866,796.64 | 19.75 | | Inventories | 84,874,737.28 | 72,017,897.06 | 17.85 | | Fixed Assets | 394,152,212.70 | 368,869,599.09 | 6.85 | | Construction in Progress | 24,806,963.05 | 45,840,773.51 | -45.88 | | Intangible Assets | 54,133,995.21 | 57,339,996.21 | -5.59 | | Notes Receivable Financing | 37,748,026.00 | 60,219,810.30 | -37.32 | | Prepayments | 1,606,658.89 | 9,318,104.54 | -82.76 | | Other Receivables | 33,363,384.64 | 1,410,073.07 | 2,266.07 | | Other Current Assets | 484,431.39 | 13,370,344.77 | -96.38 | | Notes Payable | 35,527,470.36 | 71,284,478.12 | -50.16 | | Employee Compensation Payable | 13,254,437.84 | 19,899,608.61 | -33.39 | | Taxes Payable | 12,537,151.85 | 29,507,228.63 | -57.51 | | Other Payables | 50,141,079.83 | 1,219,686.34 | 4,010.98 | | Non-Current Liabilities Due Within One Year | - | 81,450,527.80 | -100.00 | | Undistributed Profits | 366,560,634.91 | 272,371,719.07 | 34.58 | - The decrease in notes receivable and notes receivable financing is mainly due to an increase in the amount of bank acceptance bills endorsed and transferred in the current period[32](index=32&type=chunk) - Other receivables significantly increased by **2,266.07%**, mainly due to **31.87 million yuan** in compensation receivables for relocation at period-end[32](index=32&type=chunk) - Other payables significantly increased by **4,010.98%**, mainly due to a **49 million yuan** dividend payable for ordinary shares at period-end[32](index=32&type=chunk) - Non-current liabilities due within one year decreased by **100%**, mainly because the company completed the vacating and key handover of the remaining area at No. 328 Huimin Avenue, with corresponding liabilities transferred and recognized as asset disposal gains[32](index=32&type=chunk) - Undistributed profits increased by **34.58%**, mainly due to the recognition of a substantial asset disposal gain in the current period, leading to an increase in net profit attributable to the parent company[32](index=32&type=chunk) [2. Operating Performance Analysis](index=13&type=section&id=2.%20Operating%20Performance%20Analysis) During the reporting period, the company's operating revenue increased by **26.61%** year-on-year, with operating profit and net profit growing by **993.96%** and **725.13%** respectively, primarily due to asset disposal gains. However, non-recurring net profit decreased by **89.55%** year-on-year, indicating pressure on core business profitability, declining gross margin, and increased credit impairment and inventory write-down losses Profit Composition Major Changes | Item | Current Period Amount (yuan) | Prior Year Period Amount (yuan) | Change (%) | | :--------------------------------- | :------------------- | :---------------------- | :--------- | | Operating Revenue | 369,946,442.46 | 292,184,237.36 | 26.61 | | Operating Cost | 330,674,602.75 | 250,426,511.09 | 32.04 | | Gross Margin | 10.62% | 14.29% | - | | Administrative Expenses | 19,621,149.98 | 14,234,679.64 | 37.84 | | Financial Expenses | -4,129,870.40 | -1,324,023.62 | 211.92 | | Credit Impairment Losses | -4,285,793.15 | -1,221,628.54 | 250.83 | | Asset Impairment Losses | -3,436,774.43 | -390,554.74 | 779.97 | | Asset Disposal Gains | 163,664,461.78 | 448,830.99 | 36,364.61 | | Operating Profit | 165,345,171.74 | 15,114,423.89 | 993.96 | | Net Profit | 143,188,915.84 | 17,353,418.91 | 725.13 | | Net Profit After Non-Recurring Gains and Losses | 1,104,099.25 | 10,566,716.62 | -89.55 | - Operating costs increased by **32.04%**, mainly due to increased sales leading to a synchronous increase in production costs, as well as increased depreciation of new factory buildings and labor costs[35](index=35&type=chunk) - Administrative expenses increased by **37.84%**, mainly due to increased administrative labor costs and depreciation and amortization of new office buildings[35](index=35&type=chunk) - Credit impairment losses increased by **250.83%**, mainly due to higher bad debt provisions resulting from an increase in accounts receivable balance at period-end[35](index=35&type=chunk) - Asset impairment losses increased by **779.97%**, mainly due to increased inventory write-down provisions[35](index=35&type=chunk) - Asset disposal gains significantly increased by **36,364.61%**, mainly due to the completion of the relocation and handover of the production and operating premises at No. 328 Huimin Avenue, Huimin Street, recognizing a substantial asset disposal gain[35](index=35&type=chunk) Revenue Composition by Product and Region | Category/Item | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin (%) | Operating Revenue Change YoY (%) | Operating Cost Change YoY (%) | Gross Margin Change YoY | | :----------------- | :------------------- | :------------------ | :------- | :----------------------- | :---------------------- | :-------------------- | | **By Product** | | | | | | | | Micro Electro-acoustic Components | 307,133,129.39 | 286,744,482.88 | 6.64 | 31.21 | 34.21 | Decreased by 2.08 percentage points | | Audio Electro-acoustic Products | 59,096,490.56 | 43,024,230.44 | 27.20 | 5.96 | 17.96 | Decreased by 7.41 percentage points | | Other | 3,716,822.51 | 905,889.43 | 75.63 | 59.09 | 200.17 | Decreased by 11.45 percentage points | | **By Region** | | | | | | | | Domestic | 323,205,130.39 | 296,385,983.40 | 8.30 | 33.80 | 36.39 | Decreased by 1.73 percentage points | | International | 46,741,312.07 | 34,288,619.35 | 26.64 | -7.68 | 3.56 | Decreased by 7.96 percentage points | - Main business revenue increased by **26.35%** year-on-year, mainly due to the recovery of the consumer electronics industry and the initial success of the company's price-for-volume strategy, with sales of both micro electro-acoustic products and audio products growing[39](index=39&type=chunk) - Domestic sales revenue increased by **33.80%**, while international sales revenue decreased by **7.68%**, mainly affected by the recovery of the domestic consumer electronics industry and geopolitical conflicts and high inflation abroad[39](index=39&type=chunk) [3. Cash Flow Status](index=15&type=section&id=3.%20Cash%20Flow%20Status) During the reporting period, the company's net cash flow from operating activities was negative, cash outflow from investing activities significantly increased, and cash outflow from financing activities substantially decreased Cash Flow Status | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | Change (%) | | :--------------------------------- | :------------------- | :----------------- | :--------- | | Net Cash Flow from Operating Activities | -20,555,844.41 | 12,526,987.27 | -264.09 | | Net Cash Flow from Investing Activities | -36,245,290.85 | 44,681,582.07 | -181.12 | | Net Cash Flow from Financing Activities | - | -74,139,567.16 | -100.00 | - Net cash flow from operating activities decreased by **264.09%**, mainly due to large income tax payments and increased production costs[41](index=41&type=chunk) - Net cash flow from investing activities changed by **-181.12%**, mainly due to an increase in cash paid for investments in the current period[41](index=41&type=chunk) - Net cash flow from financing activities decreased by **100%**, mainly because there were no borrowings or debt repayments in the current period[41](index=41&type=chunk) [4. Investment in Wealth Management Products](index=16&type=section&id=4.%20Investment%20in%20Wealth%20Management%20Products) During the reporting period, the company invested a total of **169 million yuan** in bank wealth management products, of which **38 million yuan** was idle raised funds, with an outstanding balance of **38 million yuan** at period-end, all without overdue unrecovered amounts Investment in Wealth Management Products | Wealth Management Product Type | Source of Funds | Amount Incurred (yuan) | Unmatured Balance (yuan) | | :--------------------------- | :-------------- | :------------------- | :------------------- | | Bank Wealth Management Product | Idle self-owned funds | 46,000,000.00 | 0.00 | | Bank Wealth Management Product | Idle self-owned funds | 5,000,000.00 | 0.00 | | Bank Wealth Management Product | Idle raised funds | 38,000,000.00 | 38,000,000.00 | | Bank Wealth Management Product | Idle raised funds | 40,000,000.00 | 0.00 | | Bank Wealth Management Product | Idle raised funds | 40,000,000.00 | 0.00 | | **Total** | | **169,000,000.00** | **38,000,000.00** | - The company has no single significant entrusted wealth management product, or low-safety, low-liquidity, high-risk entrusted wealth management products[41](index=41&type=chunk) [Analysis of Major Holding and Associate Companies](index=16&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Associate%20Companies) The company's main holding subsidiary, Jiashan Huihao Electronics Co., Ltd., primarily processes, produces, and sells micro-speakers and receivers, achieving operating revenue of **56.10 million yuan** and net profit of **0.13 million yuan** during the reporting period. The associate company, Zhejiang Jiashan United Rural Commercial Bank Co., Ltd., mainly conducts banking business, with the company holding shares to support local economic development and gain investment returns Major Holding and Associate Companies Operating Performance | Company Name | Company Type | Main Business | Registered Capital (yuan) | Total Assets (yuan) | Net Assets (yuan) | Operating Revenue (yuan) | Net Profit (yuan) | | :----------------------------------- | :----------- | :---------------------------------------------- | :---------------- | :---------------- | :---------------- | :---------------- | :---------------- | | Jiashan Huihao Electronics Co., Ltd. | Holding Subsidiary | Processing, production, and sales of micro-speakers, receivers, etc. | 3,000,000.00 | 14,803,923.65 | 4,976,007.49 | 56,097,606.18 | 126,147.83 | | Zhejiang Jiashan United Rural Commercial Bank Co., Ltd. | Associate Company | Absorbing public deposits, issuing short-term, medium-term, and long-term loans, and other banking businesses. | 200,000,000.00 | 4,436,158,549.77 | 464,162,119.00 | 120,783,086.16 | 26,792,402.95 | - The company's purpose in investing in Zhejiang Jiashan United Rural Commercial Bank Co., Ltd. is to support local economic development and obtain investment returns[43](index=43&type=chunk) - During the reporting period, the company had no acquisitions or disposals of subsidiaries, and the scope of consolidation for the consolidated financial statements remained unchanged[44](index=44&type=chunk) [Information on Structured Entities Controlled by the Company](index=17&type=section&id=IX.%20Information%20on%20Structured%20Entities%20Controlled%20by%20the%20Company) The company has no controlled structured entities during the reporting period [Explanation of Key Audit Matters](index=17&type=section&id=X.%20Explanation%20of%20Key%20Audit%20Matters) The company has no explanation of key audit matters during the reporting period [Corporate Social Responsibility](index=17&type=section&id=XI.%20Corporate%20Social%20Responsibility) The company highly values corporate social responsibility, operating with integrity, paying taxes lawfully, and safeguarding the legitimate rights and interests of shareholders, employees, suppliers, and customers. It has established a comprehensive employee training and welfare system and implemented various environmental protection measures to ensure pollutant discharge meets standards - The company strictly adheres to laws and regulations, improves its corporate governance structure and internal control system, actively fulfills information disclosure obligations, and protects the legitimate rights and interests of shareholders, especially small and medium shareholders[44](index=44&type=chunk) - The company prioritizes employee rights protection, establishing a comprehensive training system and compensation and welfare system, paying social insurance for employees, and providing excellent accommodation[45](index=45&type=chunk) - The company strengthens communication and cooperation with suppliers and customers, respects and protects their legitimate rights and interests, achieving win-win outcomes for all parties[45](index=45&type=chunk) - The company is not in a heavily polluting industry; its pollutants mainly include small amounts of waste gas, domestic sewage, noise, and solid waste, and it takes corresponding measures to treat them, ensuring compliance with discharge standards[46](index=46&type=chunk) [Situations of Unprofitability or Accumulated Uncovered Losses During the Reporting Period](index=18&type=section&id=XII.%20Situations%20of%20Unprofitability%20or%20Accumulated%20Uncovered%20Losses%20During%20the%20Reporting%20Period) The company was not unprofitable and had no accumulated uncovered losses during the reporting period [Forecast of Operating Performance for January-September 2024](index=18&type=section&id=XIII.%20Forecast%20of%20Operating%20Performance%20for%20January-September%202024) The company did not provide a forecast for its operating performance for January-September 2024 during the reporting period [Risks Faced by the Company and Countermeasures](index=18&type=section&id=XIV.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces multiple risks, including core technology leakage, intensified market competition, customer concentration, talent loss, accounts receivable bad debts, and lower-than-expected returns from fundraising projects. The company has implemented or plans to implement a series of countermeasures, such as strengthening technical confidentiality, enhancing R&D capabilities, expanding markets, improving incentive mechanisms, and intensifying accounts receivable collection, to mitigate risks and ensure sustainable development - Risk of core technology leakage: The company has established strict technical confidentiality systems, signed "Confidentiality and Non-Compete Agreements" with core technical personnel, and places high importance on intellectual property protection[47](index=47&type=chunk) - Market competition risk: The company will continuously enhance R&D capabilities and production equipment levels, improve product technical content and added value, strengthen market marketing network construction, and flexibly adjust sales strategies[49](index=49&type=chunk) - Customer concentration risk: Sales to the company's top five customers account for a relatively high proportion; the company will enhance promotion capabilities, acquire new customers, and strive to improve production management, design and development capabilities, and market responsiveness to stabilize existing customers[49](index=49&type=chunk) - Talent loss risk: The company will further improve employee compensation incentives, promotion channels, career planning, and corporate culture incentive mechanisms to retain core talent[49](index=49&type=chunk) - Risk of accounts receivable bad debts: At period-end, the book value of accounts receivable was **237 million yuan**, accounting for **21.18%** of total assets; the company will intensify collection efforts and assign target responsibilities to key personnel[49](index=49&type=chunk) - Risk of lower-than-expected returns from fundraising projects: The company will increase marketing efforts, deeply explore sales potential, improve product market share through active marketing measures, and enhance product quality and brand awareness[50](index=50&type=chunk) - No significant changes occurred in major risks during the current period[50](index=50&type=chunk) [Significant Events](index=21&type=section&id=Section%20IV%20Significant%20Events) This section covers an overview and details of significant events, including related party transactions, asset acquisitions/disposals, external investments, commitments, and asset restrictions [Overview of Significant Events](index=21&type=section&id=I.%20Overview%20of%20Significant%20Events) During the reporting period, the company had significant related party transactions, shareholder-approved acquisitions/disposals of assets/external investments/business combinations, disclosed commitments, and assets subject to seizure/detention/freezing/mortgage/pledge - The company had significant related party transactions[51](index=51&type=chunk) - The company had shareholder-approved acquisitions, disposals of assets, external investments, and business combinations during the reporting period[51](index=51&type=chunk) - The company had disclosed commitments[51](index=51&type=chunk) - The company had assets subject to seizure, detention, freezing, mortgage, or pledge[51](index=51&type=chunk) [Details of Significant Events](index=21&type=section&id=II.%20Details%20of%20Significant%20Events) This section details significant events during the reporting period, including no litigation or arbitration, no fund occupation by shareholders or related parties, anticipated routine related party transactions and creditor-debtor relationships, shareholder approval for using idle funds for wealth management and cash management, normal fulfillment of disclosed commitments, and pledged restrictions on some monetary funds and notes receivable [(I) Litigation and Arbitration Matters](index=21&type=section&id=(I)%20Litigation%20and%20Arbitration%20Matters) The company had no significant litigation or arbitration matters during the reporting period - The company had no significant litigation or arbitration matters in this reporting period[52](index=52&type=chunk) [(II) Occupation or Transfer of Company Funds, Assets, and Other Resources by Shareholders and Their Related Parties](index=21&type=section&id=(II)%20Occupation%20or%20Transfer%20of%20Company%20Funds%20Assets%20and%20Other%20Resources%20by%20Shareholders%20and%20Their%20Related%20Parties) There was no occupation or transfer of company funds, assets, or other resources by shareholders or their related parties during the reporting period - There was no occupation or transfer of company funds, assets, or other resources by shareholders or their related parties in this reporting period[52](index=52&type=chunk) [(III) Significant Related Party Transactions During the Reporting Period](index=21&type=section&id=(III)%20Significant%20Related%20Party%20Transactions%20During%20the%20Reporting%20Period) The company anticipates total routine related party transactions of **2.2 million yuan** in 2024, primarily involving the purchase of raw materials, fuel, power, acceptance of services, and other items. At period-end, there were monetary fund transactions with Zhejiang Jiashan United Rural Commercial Bank Co., Ltd. and accounts payable with Jiashan Luoxingge Junting Hotel Co., Ltd - The company anticipates routine related party transactions totaling **2.2 million yuan** in 2024 with Jiashan Luoxingge Junting Hotel Co., Ltd., Zhejiang Jiashan Meiyuan Hotel Co., Ltd., Jiashan County Economic Development Zone (Huimin Street) Chamber of Commerce, Changzhou Qichang Import and Export Co., Ltd., and Zhejiang Jiashan United Rural Commercial Bank Co., Ltd[52](index=52&type=chunk) Significant Routine Related Party Transactions Estimated vs. Actual Amounts | Specific Matter Type | Estimated Amount (yuan) | Actual Amount (yuan) | | :--------------------------- | :-------------------- | :------------------- | | Sales of products, goods, provision of services | 1,000,000.00 | 0.00 | | Other | 1,200,000.00 | 155,412.16 | Creditor-Debtor Transactions with Related Parties | Related Party | Account Item | Beginning Balance (yuan) | Amount Incurred in Current Period (yuan) | Ending Balance (yuan) | | :----------------------------------- | :----------- | :--------------------- | :------------------------------- | :------------------ | | Zhejiang Jiashan United Rural Commercial Bank Co., Ltd. | Monetary Funds | 891,058.10 | 473,766.74 | 1,364,824.84 | | Jiashan Luoxingge Junting Hotel Co., Ltd. | Accounts Payable | 42,876.42 | -8,358.19 | 34,518.23 | [(IV) Acquisitions, Disposals of Assets, External Investments, and Business Combinations Approved by Shareholders' Meeting During the Reporting Period](index=22&type=section&id=(IV)%20Acquisitions%2C%20Disposals%20of%20Assets%2C%20External%20Investments%2C%20and%20Business%20Combinations%20Approved%20by%20Shareholders%20Meeting%20During%20the%20Reporting%20Period) The company's shareholders' meeting approved the use of up to **200 million yuan** of idle self-owned funds and up to **80 million yuan** of idle raised funds for cash management, investing in low-risk, high-security, and highly liquid wealth management products to enhance capital utilization efficiency and investment returns - The company plans to use up to **200 million yuan** of idle self-owned funds to purchase wealth management products, with the investment quota being revolving and single investment terms not exceeding 12 months[54](index=54&type=chunk)[56](index=56&type=chunk) - The company plans to use up to **80 million yuan** of idle raised funds for cash management, purchasing low-risk, high-security, and highly liquid wealth management products, with funds being revolving and proposed investment product terms not exceeding 12 months[56](index=56&type=chunk) [(V) Fulfillment of Commitments](index=23&type=section&id=(V)%20Fulfillment%20of%20Commitments) The company had no new commitments during the reporting period, and all previously disclosed commitments were fulfilled normally, with no breaches of commitment - The company had no new commitments, and previously disclosed commitments are detailed in the "Prospectus" disclosed on June 28, 2023[57](index=57&type=chunk) - During the reporting period, there were no significant changes in relevant commitments, and all committers fulfilled their commitments normally, with no breaches of commitment[57](index=57&type=chunk) [(VI) Assets Subject to Seizure, Detention, Freezing, Mortgage, or Pledge](index=23&type=section&id=(VI)%20Assets%20Subject%20to%20Seizure%2C%20Detention%2C%20Freezing%2C%20Mortgage%2C%20or%20Pledge) At period-end, the company had **29.83 million yuan** in restricted assets, accounting for **2.66%** of total assets, primarily pledged monetary funds and notes receivable for bank acceptance bill deposits, letter of credit deposits, and endorsed or discounted bills not derecognized, with no adverse impact on the company's continuous operations Restricted Assets | Asset Name | Asset Category | Type of Restriction | Book Value (yuan) | Percentage of Total Assets (%) | | :--------- | :------------- | :------------------ | :---------------- | :----------------------------- | | Monetary Funds | Current Assets | Pledge | 10,758,494.18 | 0.96 | | Notes Receivable | Current Assets | Pledge | 19,072,977.28 | 1.70 | | **Total** | - | - | **29,831,471.46** | **2.66** | - Asset restrictions are mainly due to pledges for the company's issuance of bank bills and application for bank loans, which are beneficial for the company's normal capital turnover and main business development, and do not adversely affect the company's continuous operations or management stability[59](index=59&type=chunk) [Share Changes and Financing](index=24&type=section&id=Section%20V%20Share%20Changes%20and%20Financing) This section covers common stock changes, changes in controlling shareholders, use of raised funds, preferred shares, bond financing, convertible bonds, equity distribution, and special voting rights arrangements [Common Stock Capital Situation](index=24&type=section&id=I.%20Common%20Stock%20Capital%20Situation) During the reporting period, the company's total share capital remained unchanged at **98,000,000 shares**, but unrestricted shares increased and restricted shares decreased due to the lifting of sales restrictions on strategic investors' holdings. The top ten shareholders' equity remained stable, with the actual controllers and their concerted parties collectively controlling **60.82%** of the company's shares Common Stock Capital Structure Changes | Share Nature | Beginning of Period Quantity (shares) | Beginning of Period Ratio (%) | Current Period Change (shares) | End of Period Quantity (shares) | End of Period Ratio (%) | | :------------------- | :---------------------------- | :-------------------- | :--------------------- | :-------------------- | :-------------------- | | Unrestricted Shares | 19,601,000 | 20.00 | 4,900,000 | 24,501,000 | 25.00 | | Restricted Shares | 78,399,000 | 80.00 | -4,900,000 | 73,499,000 | 75.00 | | Total Share Capital | 98,000,000 | - | 0 | 98,000,000 | - | - During the reporting period, the company applied to lift sales restrictions on **4,900,000 shares** held by strategic investors, with a tradable date of March 15, 2024[61](index=61&type=chunk) Top 10 Shareholders or Shareholders Holding 5% or More | No. | Shareholder Name | Shareholder Nature | End of Period Shareholding (shares) | End of Period Shareholding Ratio (%) | | :-- | :----------------------------------- | :----------------- | :-------------------------- | :--------------------------- | | 1 | Jiashan Ruiheng Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 24,084,800 | 24.58 | | 2 | Xu Ruigen | Domestic Natural Person | 17,122,560 | 17.47 | | 3 | Chen Meilin | Domestic Natural Person | 11,680,640 | 11.92 | | 4 | Jiaxing Meihe Investment Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 4,592,000 | 4.69 | | 5 | Zhang Yuan | Domestic Natural Person | 3,700,000 | 3.78 | | 6 | Xu Ya | Domestic Natural Person | 3,600,000 | 3.67 | | 7 | Jiaxing Meixing Investment Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 2,120,000 | 2.16 | | 8 | Employee Xu Ruigen | Domestic Natural Person | 2,100,000 | 2.14 | | 9 | Chen Qilin | Domestic Natural Person | 2,100,000 | 2.14 | | 10 | Chen Chunqiang | Domestic Natural Person | 1,400,000 | 1.43 | | **Total** | - | - | **72,500,000** | **73.98** | - The company's actual controllers, Xu Ruigen and Chen Meilin, directly and indirectly control **60.82%** of the voting rights of the company[65](index=65&type=chunk) [Changes in Controlling Shareholder and Actual Controller](index=26&type=section&id=II.%20Changes%20in%20Controlling%20Shareholder%20and%20Actual%20Controller) There were no changes in the company's controlling shareholder or actual controller during the reporting period [Issuance of Common Stock and Use of Raised Funds During the Reporting Period](index=26&type=section&id=III.%20Issuance%20of%20Common%20Stock%20and%20Use%20of%20Raised%20Funds%20During%20the%20Reporting%20Period) The company was listed on the Beijing Stock Exchange on July 19, 2023, with net proceeds from the initial public offering of **192.7 million yuan**, primarily for expansion projects and supplementing working capital. As of June 30, 2024, **101.5 million yuan** of the raised funds had been used, accounting for **52.68%** of the net proceeds, with no changes in the use of raised funds - The company was listed on the Beijing Stock Exchange on July 19, 2023, with total proceeds from the initial public offering of **215.6 million yuan**, and net proceeds of **192.7 million yuan** after deducting issuance expenses[63](index=63&type=chunk) - The raised funds are planned to be invested in the expansion project for an annual output of **35 million** micro-receivers, **25 million** micro-speakers, and **55 million** micro-speaker integrated modules (Project 1) for **142.7 million yuan**, and to supplement working capital (Project 2) for **50 million yuan**[63](index=63&type=chunk) - As of June 30, 2024, Project 1 had used **51.4754 million yuan** of raised funds, and Project 2 had used **50.0505 million yuan**, totaling **101.5260 million yuan** used, accounting for **52.68%** of the net raised funds[63](index=63&type=chunk) - During the reporting period, the company did not change the use of raised funds[63](index=63&type=chunk) [Information on Preferred Shares Existing in the Current Period](index=26&type=section&id=IV.%20Information%20on%20Preferred%20Shares%20Existing%20in%20the%20Current%20Period) The company had no preferred shares existing in the current period during the reporting period [Bond Financing Situation Existing up to the Approval Date of the Interim Report](index=26&type=section&id=V.%20Bond%20Financing%20Situation%20Existing%20up%20to%20the%20Approval%20Date%20of%20the%20Interim%20Report) The company had no bond financing existing up to the approval date of the interim report during the reporting period [Information on Convertible Bonds Existing in the Current Period](index=26&type=section&id=VI.%20Information%20on%20Convertible%20Bonds%20Existing%20in%20the%20Current%20Period) The company had no convertible bonds existing in the current period during the reporting period [Equity Distribution](index=26&type=section&id=VII.%20Equity%20Distribution) The company's 2023 annual equity distribution plan complied with the articles of association and relevant laws and regulations, completed on July 11, 2024, distributing a cash dividend of **5.00 yuan** (tax inclusive) per 10 shares to all shareholders, totaling **49 million yuan** - The company's 2023 annual equity distribution plan complies with the articles of association and relevant laws and regulations[63](index=63&type=chunk) - The company completed its 2023 annual equity distribution on July 11, 2024, distributing a total cash dividend of **49 million yuan** (tax inclusive)[27](index=27&type=chunk)[97](index=97&type=chunk) [Special Voting Rights Arrangement](index=27&type=section&id=VIII.%20Special%20Voting%20Rights%20Arrangement) The company had no special voting rights arrangements during the reporting period [Changes in Directors, Supervisors, Senior Management, and Core Employees](index=28&type=section&id=Section%20VI%20Changes%20in%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Core%20Employees) This section details the composition and changes of the board, supervisory board, senior management, and employee structure [Information on Directors, Supervisors, and Senior Management](index=28&type=section&id=I.%20Information%20on%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The company's board of directors consists of 9 directors, the supervisory board has 3 supervisors, and there are 3 senior management personnel. During the reporting period, the basic information and shareholdings of directors, supervisors, and senior management remained stable with no changes. The company's actual controllers, Xu Ruigen and Chen Meilin, and their concerted parties, have related party relationships with several directors, supervisors, and senior management - The company's board of directors has 9 members, the supervisory board has 3 members, and there are 3 senior management personnel[65](index=65&type=chunk) - The company's actual controllers, Xu Ruigen and Chen Meilin, are the company's Chairman and General Manager, and Director, respectively, and have related party relationships with several directors, supervisors, senior management, and shareholders[65](index=65&type=chunk) Partial Directors, Supervisors, and Senior Management Shareholding | Name | Position | End of Period Ordinary Shareholding (shares) | End of Period Ordinary Shareholding Ratio (%) | | :--------- | :------------------- | :----------------------------------- | :------------------------------------ | | Xu Ruigen | Chairman and General Manager | 17,122,560 | 17.47 | | Chen Meilin | Director | 11,680,640 | 11.92 | | Chen Chunqiang | Director | 1,400,000 | 1.43 | - During the reporting period, there were no changes in the company's Chairman, General Manager, Board Secretary, Chief Financial Officer, or Independent Directors[67](index=67&type=chunk) [Employee Information](index=29&type=section&id=II.%20Employee%20Information) As of the end of the reporting period, the company and its controlled subsidiaries had a total of **1,281 employees**, with production personnel accounting for the largest proportion. Employee education levels are primarily below college, with **3 PhDs**, **0 Masters**, **35 Bachelors**, and **156 Associate Degrees** Employee Basic Information (by Job Nature) | By Job Nature | Beginning of Period Headcount | New Hires in Current Period | Departures in Current Period | End of Period Headcount | | :----------------- | :-------------------- | :------------------ | :------------------- | :------------------ | | Production Personnel | 936 | 46 | | 982 | | Sales Personnel | 22 | 2 | | 24 | | Technical Personnel | 150 | | 7 | 143 | | Financial Personnel | 9 | | 1 | 8 | | Administrative Personnel | 126 | | 2 | 124 | | **Total Employees** | **1,243** | **48** | **10** | **1,281** | Employee Basic Information (by Education Level) | By Education Level | Beginning of Period Headcount | End of Period Headcount | | :----------------- | :-------------------- | :------------------ | | PhD | | 3 | | Master's | | 0 | | Bachelor's | | 35 | | Associate Degree | | 156 | | Below Associate Degree | | 1,087 | | **Total Employees** | **1,243** | **1,281** | [Post-Reporting Period Updates](index=29&type=section&id=III.%20Post-Reporting%20Period%20Updates) The company has no updates after the reporting period [Financial Accounting Report](index=30&type=section&id=Section%20VII%20Financial%20Accounting%20Report) This section includes the audit report, financial statements (balance sheets, income statements, cash flow statements, and statements of changes in equity), and detailed notes to the financial statements [Audit Report](index=30&type=section&id=I.%20Audit%20Report) This semi-annual financial accounting report has not been audited - This financial accounting report has not been audited[68](index=68&type=chunk) [Financial Statements](index=30&type=section&id=II.%20Financial%20Statements) This section presents the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in shareholders' equity for the first half of 2024, reflecting the financial position at period-end, operating results, and cash flow during the first half of the year - The consolidated balance sheet shows that as of June 30, 2024, the company's total assets were **1.119 billion yuan**, total liabilities **342 million yuan**, and owners' equity **777 million yuan**[71](index=71&type=chunk) - The consolidated income statement shows that from January to June 2024, the company's total operating revenue was **370 million yuan**, and net profit was **143 million yuan**[78](index=78&type=chunk) - The consolidated cash flow statement shows that from January to June 2024, net cash flow from operating activities was **-20.56 million yuan**, net cash flow from investing activities was **-36.25 million yuan**, and net cash flow from financing activities was **-74.14 million yuan**[84](index=84&type=chunk) [(I) Consolidated Balance Sheet](index=30&type=section&id=(I)%20Consolidated%20Balance%20Sheet) As of June 30, 2024, the company's consolidated total assets were **1.119 billion yuan**, total liabilities **342 million yuan**, and total owners' equity **777 million yuan**. Compared to the end of 2023, total assets slightly decreased, total liabilities decreased, and owners' equity increased - As of June 30, 2024, consolidated total assets were **1,118,991,470.98 yuan**, total liabilities **342,258,777.86 yuan**, and total owners' equity **776,732,693.12 yuan**[71](index=71&type=chunk) [(II) Parent Company Balance Sheet](index=32&type=section&id=(II)%20Parent%20Company%20Balance%20Sheet) As of June 30, 2024, the parent company's total assets were **1.121 billion yuan**, total liabilities **348 million yuan**, and total owners' equity **774 million yuan**. Compared to the end of 2023, parent company total assets slightly decreased, total liabilities decreased, and owners' equity increased - As of June 30, 2024, parent company total assets were **1,121,230,951.34 yuan**, total liabilities **347,603,359.97 yuan**, and total owners' equity **773,627,591.37 yuan**[76](index=76&type=chunk) [(III) Consolidated Income Statement](index=34&type=section&id=(III)%20Consolidated%20Income%20Statement) From January to June 2024, the company achieved total operating revenue of **370 million yuan**, a **26.61%** year-on-year increase; net profit was **143 million yuan**, a **725.13%** year-on-year increase. Operating profit was **165 million yuan**, a **993.96%** year-on-year increase, primarily influenced by asset disposal gains - From January to June 2024, total operating revenue was **369,946,442.46 yuan**, a **26.61%** year-on-year increase[77](index=77&type=chunk) - From January to June 2024, net profit was **143,188,915.84 yuan**, a **725.13%** year-on-year increase[78](index=78&type=chunk) - Asset disposal gains of **163,664,461.78 yuan** had a significant positive impact on operating profit and net profit[78](index=78&type=chunk) [(IV) Parent Company Income Statement](index=35&type=section&id=(IV)%20Parent%20Company%20Income%20Statement) From January to June 2024, the parent company achieved operating revenue of **370 million yuan**, a **26.61%** year-on-year increase; net profit was **143 million yuan**, a **742.88%** year-on-year increase. The parent company's profit trend is consistent with the consolidated statements, primarily influenced by asset disposal gains - From January to June 2024, parent company operating revenue was **369,946,442.46 yuan**, and net profit was **143,317,868.82 yuan**[81](index=81&type=chunk) - Parent company asset disposal gains of **164,009,071.96 yuan** had a significant impact on total profit and net profit[81](index=81&type=chunk) [(V) Consolidated Cash Flow Statement](index=37&type=section&id=(V)%20Consolidated%20Cash%20Flow%20Statement) From January to June 2024, the company's net cash flow from operating activities was **-20.56 million yuan**, net cash flow from investing activities was **-36.25 million yuan**, and net cash flow from financing activities was **-74.14 million yuan**. The net increase in cash and cash equivalents was **-55.77 million yuan** - Net cash flow from operating activities was **-20,555,844.41 yuan**, a year-on-year decrease of **264.09%**[84](index=84&type=chunk) - Net cash flow from investing activities was **-36,245,290.85 yuan**, mainly due to an increase in cash paid for investments[84](index=84&type=chunk) - Net cash flow from financing activities was **-74,139,567.16 yuan**, mainly because there were no borrowings or debt repayments in the current period[84](index=84&type=chunk) [(VI) Parent Company Cash Flow Statement](index=38&type=section&id=(VI)%20Parent%20Company%20Cash%20Flow%20Statement) From January to June 2024, the parent company's net cash flow from operating activities was **-19.83 million yuan**, net cash flow from investing activities was **-36.38 million yuan**, and net cash flow from financing activities was **-74.14 million yuan**. The parent company's cash flow trend is consistent with the consolidated statements - Parent company net cash flow from operating activities was **-19,827,323.75 yuan**[85](index=85&type=chunk) - Parent company net cash flow from investing activities was **-36,381,090.85 yuan**[86](index=86&type=chunk) - Parent company net cash flow from financing activities was **-74,139,567.16 yuan**[86](index=86&type=chunk) [(VII) Consolidated Statement of Changes in Shareholders' Equity](index=40&type=section&id=(VII)%20Consolidated%20Statement%20of%20Changes%20in%20Shareholders%20Equity) In the first half of 2024, the company's consolidated shareholders' equity increased by **94.19 million yuan**, primarily from net profit attributable to parent company owners of **143 million yuan**, alongside a **49 million yuan** profit distribution - The total comprehensive income attributable to parent company owners for the current period was **143,188,915.84 yuan**[87](index=87&type=chunk) - Profit distribution to owners (or shareholders) for the current period was **49,000,000.00 yuan**[88](index=88&type=chunk) - Consolidated owners' equity totaled **776,732,693.12 yuan** at period-end[88](index=88&type=chunk) [(VIII) Parent Company Statem