Financial Performance - The company's operating revenue for 2022 was ¥534,560,938.45, a decrease of 32.11% compared to ¥787,413,129.22 in 2021[22] - The net profit attributable to shareholders for 2022 was ¥18,225,842.48, down 57.50% from ¥42,883,222.80 in the previous year[22] - Basic earnings per share for 2022 were ¥0.02, a decline of 66.67% compared to ¥0.06 in 2021[23] - The weighted average return on equity decreased to 1.84% from 4.47% in 2021, a reduction of 2.63 percentage points[23] - The total non-recurring gains and losses for 2022 amounted to CNY 18,882,979.08, a significant decrease from CNY 43,784,709.54 in 2021[27] - Operating profit was CNY 34.02 million, down 40.42% compared to the previous year, resulting in a profit reduction of CNY 23.08 million[39] - Net profit attributable to shareholders was CNY 18.23 million, a decline of 57.50% year-on-year, with a decrease of CNY 24.66 million[39] - The company reported a net loss of CNY 296,183,390.12 for the year, an improvement compared to a loss of CNY 314,409,232.60 in 2021[142] - The company reported a financial expense of -¥12,251,356.09 in 2022, compared to a financial income of ¥1,499,722.04 in 2021[148] Cash Flow and Assets - The net cash flow from operating activities increased by 130.62% to ¥171,287,459.14 from ¥74,272,685.22 in 2021[22] - The total assets at the end of 2022 were ¥1,201,209,586.02, a decrease of 2.59% from ¥1,233,195,014.65 in 2021[22] - The net cash flow from investing activities decreased by 49.94% to CNY 16,386,228.72, primarily due to a reduction in the sale of investment properties[52] - Cash and cash equivalents increased to CNY 562,147,035.91 from CNY 383,526,370.20, representing a growth of approximately 46.7%[141] - The company's total equity increased slightly from ¥915,440,231.08 in 2021 to ¥921,878,978.37 in 2022, an increase of 0.5%[145] - The total liabilities decreased to CNY 153,085,540.93 from CNY 213,089,627.97, a reduction of about 28.1%[142] - The company’s short-term borrowings dropped to CNY 1,504,219.31 from CNY 15,020,934.38, a decrease of about 90%[142] Business Operations and Strategy - The company reported a significant decline in mobile phone export business due to international market volatility and weak demand, leading to a substantial decrease in scale compared to previous years[34] - The IOT module contract manufacturing business showed progress, but customer development was weak, resulting in limited scale and efficiency[34] - The automotive electronics business achieved a certain sales scale and economic benefits, but concerns about product singularity and insufficient R&D capabilities remain[34] - The company has shifted its business model to focus on ODM and has introduced new product lines, including IOT modules and automotive electronics, to adapt to market changes[34] - The company aims to explore and develop new electronic products beyond mobile phones to improve factory efficiency and resource utilization[64] - The company acknowledges that its previous reliance on ODM mobile phone business is no longer sustainable due to increased competition from industry giants[62] - The company is actively seeking partnerships and exploring new industries to achieve sustainable development[63] Research and Development - Research and development expenses increased by 6.88% to CNY 20.41 million, reflecting ongoing investment in innovation[40] - The company has 51 R&D personnel, representing 10.90% of the total workforce, with 7 holding master's degrees[50] - The company has faced significant challenges in maintaining its competitive edge due to previous internal adjustments, impacting its R&D and production capabilities[38] Governance and Compliance - The company has implemented a robust governance structure to ensure compliance with legal and regulatory requirements, maintaining transparency and protecting shareholder interests[67] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 4.8789 million yuan[75] - The company has established a comprehensive internal control system, which has been audited and received a standard unqualified opinion[95] - The company has not reported any significant changes in accounting policies that would affect the financial results[181] Shareholder Information - The company reported a total of 70,806 ordinary shareholders as of the end of the reporting period[112] - The top ten shareholders hold a total of 125,946,400 shares, representing 16.40% of the total shares[114] - The company has maintained a stable shareholder structure with no changes in the controlling shareholder relationships[114] Market Conditions - The mobile phone market in China has become saturated, leading to a decline in overall smartphone shipments, while the 5G phone market share is increasing[62] - The company has faced significant risks related to technology and market changes, impacting its competitive advantage in the mobile phone sector[65] Financial Reporting - The audit report confirms that the financial statements fairly present the company's financial position as of December 31, 2022, in accordance with accounting standards[126] - The financial statements are prepared based on the going concern principle, indicating no significant doubts about the company's ability to continue operations[180] - The financial report was approved by the board of directors on April 27, 2023, ensuring its timeliness and relevance[177]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： 投资者可于2023年05月15日(星期一) 至05月19日(星期五)16:00前登录上证路演中心网 站首页点击"提问预征集"栏目或通过公司邮箱birdzq@chinabird.com进行提问。公司将在说 明会上对投资者普遍关注的问题进行回答。 宁波波导股份有限公司（以下简称"公司"）已于2023年4月29日发布公司2022年度报告， 为便于广大投资者更全面深入地了解公司2022年度经营成果、财务状况，公司计划于2023年05 月22日 下午 15:00-16:00举行2022年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络文字互动形式召开，公司将针对2022年度的经营成果及财务指标 的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题 进行回答。 二、 说明会召开的时间、地点 三、 参加人员 股票代码：600130 股票简称：波导股份 编号：临2023-008 宁波波导股份有限公司 关于召开 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥227,300,446.81, a decrease of 45.44% compared to ¥416,635,472.45 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥8,887,248.12, down 70.26% from ¥29,885,809.85 in the previous year[21]. - Basic earnings per share for the first half of 2022 were ¥0.012, a decrease of 69.23% from ¥0.039 in the same period last year[22]. - The total comprehensive income for the first half of 2022 was CNY 13,455,149.24, a decrease of 62.1% from CNY 35,491,385.67 in the same period of 2021[72]. - The total profit for the first half of 2022 was CNY 7,698,196.88, a decrease of 73.7% from CNY 29,252,001.45 in the same period of 2021[75]. - The company reported a significant reduction in inventory, which decreased to CNY 57,538,564.21 from CNY 60,804,806.18, a decline of approximately 5.0%[65]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥161,634,281.28, a rise of 449.26% compared to ¥29,427,497.04 in the same period last year[21]. - The company's cash and cash equivalents decreased by 24.44% to 289,794,666.06, compared to 383,526,370.20 in the previous period[38]. - The cash flow from investing activities showed a net outflow of CNY 239,963,302.45, worsening from a net outflow of CNY 80,241,001.41 in the same period of 2021[78]. - The ending balance of cash and cash equivalents was CNY 47,911,503.43, down from CNY 70,563,004.02 in the previous period, indicating a decrease in liquidity[81]. - The company received CNY 138,316,672.53 in cash related to operating activities, which is a notable increase from CNY 4,959,048.07 in the previous period[81]. Assets and Liabilities - The total assets decreased by 4.61% to ¥1,176,398,471.54 from ¥1,233,195,014.65 at the end of the previous year[21]. - The total liabilities of the company decreased to CNY 147,002,935.62 from CNY 213,089,627.97, reflecting a decrease of about 30.9%[65]. - The company's equity remained stable at CNY 768,000,000.00, unchanged from the previous period[65]. - The accounts receivable decreased to CNY 91,946,685.25 from CNY 180,842,487.64, indicating a reduction of about 49.2%[65]. Research and Development - Research and development expenses increased by 15.95% to 8.99 million yuan compared to 7.75 million yuan in the previous year[32]. - The company is focusing on the development of information technology, IoT technology, and artificial intelligence products[42]. - The company has expanded its product offerings to include IoT modules and automotive electronics, although these new segments are still in the early stages of development[26][29]. Market and Competition - The company reported a significant decline in sales and profitability across its traditional mobile phone and mainboard businesses due to increased competition and market saturation[29]. - The company is facing challenges in maintaining its competitive edge due to reduced R&D capabilities and a lack of new core competencies[28]. - The company has shifted its mobile phone business model from self-manufacturing to purchasing complete units from external suppliers, resulting in lower profit margins[29]. Corporate Governance and Compliance - The company has indicated potential risks that may adversely affect future development strategies and operational goals[8]. - There have been changes in the board of directors, with the appointment of a new independent director[47]. - The company has not disclosed any major litigation or arbitration matters during the reporting period[51]. Taxation and Incentives - The company has subsidiaries benefiting from various tax incentives, including a reduced corporate income tax rate of 15% for high-tech enterprises like Fengruan and Yilian Electronics[187]. - The company’s subsidiary, Jilian Software, enjoys a two-exempt and three-reduced corporate income tax policy, with the current period being the first half-year of the reduction[187]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[104]. - The company recognizes financial assets and liabilities at fair value upon initial recognition, with subsequent measurement based on their classification[115]. - The company applies the expected credit loss method for accounts receivable and other receivables[132].

Financial Performance - The company's operating revenue for Q1 2022 was ¥129,498,830.68, a decrease of 40.56% compared to the same period last year[6] - Total operating revenue for Q1 2022 was ¥129.50 million, a decrease of 40.5% compared to ¥217.85 million in Q1 2021[21] - Total operating costs for Q1 2022 were ¥130.99 million, down 37.9% from ¥210.65 million in Q1 2021[21] - Net profit for Q1 2022 reached ¥8.45 million, an increase of 31.2% from ¥6.44 million in Q1 2021[22] - The net profit attributable to shareholders was ¥5,529,392.34, an increase of 75.79% year-on-year[6] - The company reported a total comprehensive income of ¥8.47 million for Q1 2022, compared to ¥6.28 million in Q1 2021, reflecting a growth of 35%[22] Cash Flow and Liquidity - The net cash flow from operating activities was ¥45,458,071.72, reflecting a significant increase of 178.79%[6] - Operating cash flow for Q1 2022 was ¥45.46 million, significantly higher than ¥16.31 million in Q1 2021, marking an increase of 178.5%[24] - Cash and cash equivalents decreased to CNY 262,104,075.00 from CNY 383,526,370.20, representing a decline of approximately 31.7%[16] - Cash and cash equivalents decreased by ¥121.01 million in Q1 2022, compared to a decrease of ¥138.95 million in Q1 2021[24] - The company experienced a foreign exchange impact of -¥469,561.42 on cash and cash equivalents in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,203,560,920.82, a decrease of 2.40% from the end of the previous year[7] - As of March 31, 2022, the total assets of Ningbo Baidu Co., Ltd. amounted to CNY 1,203,560,920.82, a decrease from CNY 1,233,195,014.65 as of December 31, 2021, reflecting a decline of approximately 2.4%[17] - The company's current assets totaled CNY 930,105,156.86, down from CNY 958,986,881.85, indicating a decrease of about 3.0%[16] - The company's total liabilities were CNY 179,146,058.85, down from CNY 213,089,627.97, showing a reduction of about 16.0%[17] - The total equity attributable to shareholders was CNY 986,563,754.23, slightly increasing from CNY 981,007,502.03, reflecting a growth of approximately 0.6%[17] - The company’s total liabilities to equity ratio improved to approximately 0.18 from 0.21, indicating a strengthening of the company's financial position[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 63,633[12] - The largest shareholder, Bowei Technology Group Co., Ltd., holds 16.40% of the shares, with 79,500,000 shares pledged[12] Earnings and Expenses - Basic earnings per share were ¥0.007, up by 75.00% compared to the previous year[7] - Basic and diluted earnings per share for Q1 2022 were both ¥0.007, up from ¥0.004 in Q1 2021[22] - The company’s research and development expenses for Q1 2022 were ¥4.66 million, an increase from ¥4.04 million in Q1 2021[21] Other Income - The company reported a significant increase in other income by 74.11%, primarily due to increased government subsidies[10] - The company experienced a 178.79% increase in net cash flow from operating activities, attributed to the recovery of receivables and reduced cash payments for goods[10]

Financial Performance - The company's operating revenue for 2021 was ¥787,413,129.22, representing a 10.12% increase compared to ¥715,034,191.35 in 2020[21] - The net profit attributable to shareholders of the listed company was ¥42,883,222.80, a 25.00% increase from ¥34,305,842.23 in the previous year[21] - The net cash flow from operating activities improved significantly to ¥74,272,685.22, compared to a negative cash flow of -¥137,540,512.09 in 2020[21] - The total assets at the end of 2021 were ¥1,233,195,014.65, a decrease of 1.45% from ¥1,251,363,164.66 at the end of 2020[21] - The company's net assets attributable to shareholders increased by 4.58% to ¥981,007,502.03 from ¥938,023,617.05 in 2020[21] - Basic earnings per share rose to ¥0.06, a 50.00% increase from ¥0.04 in the previous year[23] - The weighted average return on net assets was 4.47%, an increase of 0.74 percentage points from 3.73% in 2020[23] - Operating profit reached 57.10 million RMB, an increase of 19.96% compared to the previous year[38] - The gross profit margin for the main business was 8.73%, up by 4.82 percentage points year-on-year[42] - The company produced 3,317,222 mobile phones, with a sales volume of 3,337,966 units, showing a decrease of 7.41% in sales compared to the previous year[43] Cash Flow and Investments - The net cash flow from operating activities was ¥16,305,297.75 in Q1, decreased to ¥13,122,199.29 in Q2, and further to ¥12,397,034.50 in Q3, before significantly increasing to ¥32,448,153.68 in Q4[25] - The net cash flow from operating activities increased to ¥74,272,685.22 from a negative ¥137,540,512.09, indicating a significant improvement[51] - The net cash flow from investing activities decreased by 61.54% to ¥32,733,065.76, primarily due to last year's land compensation and this year's equipment updates[51] - The cash and cash equivalents at the end of the period increased to ¥383,526,370.20, representing 31.10% of total assets, up from 23.41%[53] - The company has investments in short-term financial products totaling 15,927.68 million and trust financial products of 3,121.81 million[57] Business Model and Market Challenges - The company has shifted its business model from self-developed mobile phone manufacturing to purchasing complete units from external sources, resulting in lower gross margins[33] - The mobile phone industry remains highly competitive, with a decline in the growth rate of new and replacement users due to market saturation[35] - The company’s traditional business of mobile phones and motherboards has seen a decline in sales scale and gross margins over recent years[36] - The company has attempted to explore new business areas in collaboration with partners, but has not yet seen significant results[34] - The automotive electronics business has achieved some sales scale and economic benefits, but faces challenges related to product singularity and insufficient R&D capabilities[34] Research and Development - Research and development expenses amounted to 19.09 million RMB, a significant increase of 126.34% from the previous year[47] - The total R&D investment accounted for 2.42% of operating revenue[48] - The number of R&D personnel is 40, accounting for 8.83% of the total workforce[49] - The company made significant adjustments to its internal structure, impacting its previous R&D and production capabilities[37] Governance and Compliance - The board of directors has maintained compliance with relevant laws and regulations, ensuring no significant discrepancies in governance practices[65] - The company has successfully convened shareholder meetings, passing nine resolutions without any rejections[65] - The management team is committed to fulfilling their duties in accordance with the company's articles of association, with no instances of overreach or conflicts of interest reported[65] - The governance structure of the company is reported to be sound and operates effectively, aligning with regulatory requirements[65] - The company has not faced any penalties from securities regulatory authorities in the past three years[72] Future Outlook and Strategy - The company plans to focus on mobile communication products while exploring new industries and fields to achieve sustainable development[60] - The company aims to maintain shareholder rights and achieve operational profitability in 2022 through strategic initiatives[61] - The company emphasizes strict control over expenditures while seeking new profit growth points, prioritizing cost-saving measures[64] - The company plans to enhance the utilization efficiency of existing resources and actively seek partnerships to navigate operational challenges[64] Shareholder Information - The total number of ordinary shareholders increased to 65,612 by the end of the reporting period, up from 63,757 at the end of the previous month[110] - The top shareholder, Waveguide Technology Group, holds 125,946,400 shares, representing 16.40% of the total shares, with 79,500,000 shares pledged[112] - The actual controller of the company is Xu Lihua, who is also the chairman of Waveguide Technology Group[116] - There were no changes in the controlling shareholder during the reporting period, indicating stability in ownership[118] Financial Reporting and Audit - The audit opinion confirmed that the financial statements fairly represent the company's financial position as of December 31, 2021, in accordance with accounting standards[122] - The internal control audit report for 2021 issued by Tianjian Accounting Firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2021[91] - The company has engaged Tianjian Accounting Firm for auditing services, with a fee of CNY 550,000 for the current year[100] - The company’s quarterly reports for 2021 were reviewed and confirmed to comply with relevant regulations and accurately reflect operational performance[79] Accounting Policies - The company adopted the revised Accounting Standard No. 21 for Leases starting January 1, 2021, which did not recognize right-of-use assets and lease liabilities for low-value asset operating leases[96] - The company has established specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[183] - The company includes all subsidiaries under its control in the consolidated financial statements according to the relevant accounting standards[190]

Financial Performance - The company's operating revenue for Q3 2021 was ¥150,796,358.99, a decrease of 45.53% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was -¥2,235,068.48, a decline of 132.90% year-on-year[12]. - The basic earnings per share for Q3 2021 was -¥0.003, representing a decrease of 133.33% compared to the previous year[7]. - The company reported a net profit of ¥27,650,741.37 for the year-to-date, a decrease of 18.48% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2021 reached ¥567.43 million, a 40.4% increase from ¥404.05 million in the same period of 2020[20]. - Net profit for the first three quarters of 2021 was ¥35.45 million, slightly up from ¥35.21 million in the previous year, indicating a growth of 0.67%[20]. - Operating profit for the first three quarters of 2021 was ¥38.00 million, down 14.7% from ¥44.47 million in the same period of 2020[20]. - The company reported a total comprehensive income of ¥35.48 million for the first three quarters of 2021, compared to ¥35.28 million in the previous year[21]. - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.036, down from ¥0.044 in the same period of 2020[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,207,615,790.54, a decrease of 3.50% from the end of the previous year[7]. - As of September 30, 2021, the total assets of the company amounted to CNY 1,207,615,790.54, a decrease from CNY 1,251,363,164.66 at the end of 2020, reflecting a decline of approximately 3.5%[18]. - The company's current assets totaled CNY 940,522,236.72, down from CNY 976,701,173.46 at the end of 2020, indicating a decrease of about 3.7%[17]. - The company's total liabilities were CNY 209,403,712.05, a decrease from CNY 297,281,995.27, representing a reduction of approximately 29.5%[18]. - Total assets amounted to 1,251,363,164.66, with current assets at 976,701,173.46 and non-current assets at 274,661,991.20[26]. - Total liabilities reached 297,281,995.27, with current liabilities at 291,167,400.70 and non-current liabilities at 6,114,594.57[27]. - Shareholders' equity totaled 954,081,169.39, with equity attributable to the parent company at 938,023,617.05[27]. - The total liabilities to equity ratio stands at approximately 0.31, suggesting a moderate level of leverage[27]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥41,824,531.54, with significant changes in receivables contributing to this figure[11]. - Cash flow from operating activities showed a net inflow of ¥41.82 million, a significant improvement compared to a net outflow of ¥79.92 million in the same period of 2020[24]. - Total cash and cash equivalents at the end of the period were ¥263.65 million, compared to ¥45.40 million at the end of the same period in 2020[24]. - Cash and cash equivalents stood at CNY 277,325,579.72, down from CNY 292,915,103.90, reflecting a decrease of approximately 5.3%[17]. - The company received cash inflow of ¥17.15 million from minority shareholders during the financing activities, marking a new source of funding[24]. Shareholder Information - The company has a total of 70,357 ordinary shareholders at the end of the reporting period[13]. - The company's equity attributable to shareholders was CNY 965,709,467.14, an increase from CNY 938,023,617.05, showing a growth of about 3.0%[18]. - The total equity increased to CNY 998,212,078.49 from CNY 954,081,169.39, representing an increase of approximately 4.6%[18]. Other Financial Metrics - The weighted average return on equity decreased by 0.97 percentage points to -0.23% at the end of the reporting period[7]. - The company experienced a 584.97% increase in net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021, primarily due to changes in product composition[12]. - The company recorded non-recurring gains of ¥11,927,041.51 from the disposal of non-current assets during the year-to-date[9]. - Research and development expenses increased significantly to ¥11.69 million, up 109.9% from ¥5.57 million in the same period of 2020[20]. - Investment activities resulted in a net cash outflow of ¥59.66 million, an improvement from a net outflow of ¥177.22 million in the same period of 2020[24]. - The company reported a negative retained earnings of -357,292,455.40, indicating accumulated losses[27]. - The capital reserve was recorded at 455,922,182.76, reflecting the company's financial stability[27]. - The company has a short-term loan of 23,024,379.17, indicating reliance on external financing[26]. - The company has a deferred income of 5,337,679.96, which may indicate future revenue recognition[27].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥416,635,472.45, representing a 227.54% increase compared to ¥127,200,887.71 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥29,885,809.85, a 10.17% increase from ¥27,127,912.37 in the previous year[20]. - The net cash flow from operating activities was ¥29,427,497.04, a significant recovery from a negative cash flow of ¥13,258,607.63 in the same period last year[20]. - The operating profit was 36.96 million RMB, a decrease of 0.59 million RMB compared to the same period last year, representing a decline of 1.57%[27]. - The company reported a net loss from operating activities of 4.69 million RMB, an improvement of 13.54 million RMB compared to the previous year[33]. - The total profit for the first half of 2021 was ¥37,323,952.55, compared to ¥37,573,813.74 in the first half of 2020, showing a slight decrease of about 0.7%[69]. - The comprehensive income total for the first half of 2021 was ¥35,491,385.67, compared to ¥27,050,856.65 in the same period of 2020, reflecting an increase of approximately 31.5%[72]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,244,958,892.08, showing a slight decrease of 0.51% from ¥1,251,363,164.66 at the end of the previous year[20]. - The company's total liabilities decreased from CNY 297,281,995.27 in 2020 to CNY 246,737,837.02 in 2021, reflecting a reduction of about 16.9%[63]. - The total equity increased from CNY 954,081,169.39 in 2020 to CNY 998,221,055.06 in 2021, indicating a growth of approximately 4.6%[63]. - The company's total liabilities and equity at the end of the reporting period were 930,530,081.05[96]. - The company's total current liabilities included accounts payable of CNY 211,991,946.51 as of June 30, 2021[188]. Cash Flow - The net cash flow from operating activities improved significantly due to a substantial decrease in operating receivables[31]. - The total cash inflow from investment activities was ¥328,304,210.57, while cash outflow was ¥408,545,211.98, resulting in a net cash flow of -¥80,241,001.41, which is an improvement from -¥198,029,970.53 in the previous year[78]. - The cash flow from financing activities showed a net inflow of ¥5,045,261.64, compared to no inflow recorded in the same period of 2020[78]. - The company experienced a net decrease in cash and cash equivalents of -¥46,893,160.98 for the first half of 2021, compared to -¥210,884,403.60 in the same period of 2020[78]. Shareholder Information - The total number of ordinary shareholders reached 68,605 by the end of the reporting period[55]. - The largest shareholder, Bowei Technology Group Co., Ltd., held 125,946,400 shares, representing 16.4% of the total shares[56]. - The second-largest shareholder, Yang Xiaocheng, held 19,775,904 shares, accounting for 2.57% of the total shares[56]. Research and Development - The company’s research and development expenses increased by 301.36% to 7.75 million RMB, reflecting a significant investment in innovation[30]. - The company has made attempts to diversify beyond mobile phone reliance, but these new product developments and business explorations face considerable uncertainty[41]. Risk Management - The company emphasized the importance of risk awareness regarding future development strategies and operational goals[5]. - The company has faced significant market and technological risks, particularly in the highly competitive mobile communications industry, which has been exacerbated by rapid advancements in technology and product updates[41]. Accounting Policies - The company has not made any accounting policy changes or corrections for prior period errors during the reporting period[100]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[109]. - The company recognizes expected credit losses based on the risk of default, with the loss being the present value of the difference between all contractual cash flows and expected cash flows[125]. Investment and Subsidiaries - The company holds a 5.09% stake in Shenzhen Huada Beidou Technology Co., Ltd., valued at CNY 61.01 million[40]. - The company has included several subsidiaries in its consolidated financial statements, enhancing its operational scope[105].

2021 年第一季度报告 公司代码：600130 公司简称：波导股份 宁波波导股份有限公司 2021 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 江小军 | 独立董事 | 工作原因 | 应志芳 | 1.3 公司负责人徐立华、主管会计工作负责人林建华及会计机构负责人（会计主管人员）陈新华 保证季度报告中财务报表的真实、准确、完整。 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,232,64 ...

Financial Performance - The company's operating revenue for 2020 was CNY 715,034,191.35, representing a 33.10% increase compared to CNY 537,231,885.50 in 2019[20]. - The net profit attributable to shareholders of the listed company was CNY 34,305,842.23, up 22.89% from CNY 27,916,011.75 in the previous year[20]. - The total revenue for the reporting period was CNY 715,034,191.35, representing a year-on-year increase of 33.10%[35]. - The operating profit for the period was CNY 4,760.06 million, an increase of 66.56% compared to the previous year[35]. - The company reported a total revenue of 13,250.07 million RMB, with a net loss of 669.01 million RMB for the year 2020[55]. - The company reported a net loss of CNY 357,292,455.40 for the year, an improvement from a loss of CNY 391,598,297.63 in 2019, indicating a reduction in losses of about 8.8%[131]. - The total profit for 2020 was CNY 29,708,251.10, a significant decrease from CNY 113,062,812.94 in 2019, indicating a decline of approximately 73.7%[139]. - The net profit for 2020 was CNY 19,019,398.42, down from CNY 109,254,088.67 in 2019, representing a decrease of about 82.6%[139]. Cash Flow - The net cash flow from operating activities was negative CNY 137,540,512.09, a decrease of 844.69% compared to CNY 18,469,375.38 in 2019[20]. - The company reported a cash flow from operating activities showing a net outflow of CNY -137,540,512.09 in 2020, compared to a net inflow of CNY 18,469,375.38 in 2019[141]. - The company’s total cash inflow from operating activities was CNY 686,144,283.82 in 2020, an increase from CNY 611,567,155.87 in 2019[141]. - The company’s total cash outflow from operating activities was CNY 823,684,795.91 in 2020, compared to CNY 593,097,780.49 in 2019, indicating an increase of approximately 39.0%[141]. - The company’s cash flow from financing activities showed a net inflow of CNY 30,291,335.78 in 2020, compared to a net outflow of CNY -244,873.00 in 2019[142]. Assets and Liabilities - Total assets at the end of 2020 reached CNY 1,251,363,164.66, a 20.54% increase from CNY 1,038,150,723.35 at the end of 2019[20]. - The company's total liabilities reached CNY 297,281,995.27, compared to CNY 134,671,498.95 in the previous year, reflecting a significant increase of approximately 107.9%[131]. - Cash and cash equivalents decreased by 3.21% to CNY 292.92 million, accounting for 23.41% of total assets[49]. - Accounts receivable increased significantly by 269.11% to CNY 239.99 million, primarily due to the acquisition of Yilian Electronics[49]. - Inventory rose by 115.22% to CNY 66.64 million, attributed to increased stockpiling[49]. - The company’s long-term equity investments decreased by 23.96% to CNY 9.69 million[49]. Shareholder Information - The largest shareholder, Bowang Technology Group Co., Ltd., holds 125,946,400 shares, accounting for 16.4% of total shares[85]. - The company has not reported any strategic investors or general legal entities becoming top ten shareholders through new share placements[86]. - The total number of ordinary shareholders at the end of the reporting period was 73,064, an increase from 73,063 at the end of the previous month[83]. - The top ten shareholders do not have any related party relationships or concerted actions among them[85]. Research and Development - The company’s R&D expenses decreased by 4.50% to CNY 8,436,166.70, indicating a slight reduction in investment in innovation[36]. - Research and development expenses totaled approximately $8.4 million, accounting for 1.18% of total revenue[46]. Corporate Governance - The company maintains a sound corporate governance structure, adhering to relevant laws and regulations, ensuring the protection of shareholder interests[108]. - The board of directors held a total of 7 meetings during the year, with 1 in-person meeting and 4 conducted via communication methods[110]. - Independent directors raised objections regarding a proposed land use rights auction and external investment, citing high uncertainty and long payback periods[111]. Market Conditions - The competitive landscape in the mobile phone industry has intensified, with a notable decline in the growth rate of new and replacement smartphone users[30]. - The smartphone market in China has become saturated, leading to a decline in domestic smartphone shipments, while the 5G smartphone market share is expanding[56]. Internal Controls and Audit - The internal control audit report issued by Tianjian Accounting Firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2020[114]. - The audit opinion on the financial statements was unqualified, indicating that they fairly represent the company's financial status and results of operations[117]. - The company has not reported any significant deficiencies in internal controls during the reporting period[114]. Employee Information - The total number of employees in the parent company is 47, while the main subsidiaries employ 362, resulting in a total of 409 employees[103]. - The professional composition includes 272 production personnel, 8 sales personnel, 80 technical personnel, 12 financial personnel, and 37 administrative personnel[103]. - The company emphasizes a "people-oriented" talent philosophy, providing a comprehensive training system for employee development[105]. Financial Instruments and Accounting Policies - The company has established specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition, tailored to its operational characteristics[163]. - Financial assets are classified into three categories upon initial recognition: (1) financial assets measured at amortized cost; (2) financial assets measured at fair value with changes recognized in other comprehensive income; (3) financial assets measured at fair value with changes recognized in profit or loss[174]. - The company recognizes financial assets or liabilities when it becomes a party to the financial instrument contract, measuring them initially at fair value[174].

Financial Performance - Net profit attributable to shareholders rose by 143.54% year-on-year to CNY 33,920,574.68[5] - Operating revenue decreased by 0.48% year-on-year to CNY 404,047,946.03[5] - The company reported a significant increase in net profit despite a decline in operating revenue, indicating potential cost management improvements[5] - Basic and diluted earnings per share both doubled to CNY 0.04[5] - Net profit for Q3 2020 was ¥8,081,863.38, compared to ¥9,124,872.48 in Q3 2019, indicating a decrease of 11.4%[17] - Net profit attributable to shareholders for Q3 2020 was CNY 6,792,662.31, a decrease from CNY 9,124,872.48 in Q3 2019, representing a decline of approximately 25.5%[18] - The company reported a total comprehensive income of CNY 8,233,074.76 for Q3 2020, down from CNY 9,023,686.09 in Q3 2019[18] - Total profit for Q3 2020 was CNY 3,730,807.44, a decrease of approximately 58.1% from CNY 8,901,961.41 in Q3 2019[20] Assets and Liabilities - Total assets increased by 17.49% year-on-year to CNY 1,219,731,172.04[5] - Total liabilities increased to ¥272,058,526.08 from ¥134,671,498.95, reflecting the growth in accounts payable and other liabilities[13] - Total assets as of September 30, 2020, amounted to ¥910,580,863.62, an increase from ¥874,901,229.53 at the end of 2019[15] - Current assets totaled ¥668,902,321.05 as of September 30, 2020, compared to ¥633,797,837.42 at the end of 2019, showing a growth of 5.3%[15] - Total liabilities increased to ¥56,465,832.72 in Q3 2020 from ¥44,782,943.47 in Q3 2019, marking a rise of 26.5%[15] - The company’s total equity increased to ¥854,115,030.90 as of September 30, 2020, from ¥830,118,286.06 at the end of 2019, reflecting a growth of 2.9%[15] - Total equity attributable to shareholders was CNY 903,479,224.40, with a negative retained earnings of CNY -391,598,297.63[30] Cash Flow - Net cash flow from operating activities was negative at CNY -79,923,745.27, a decline of 419.73% compared to the previous year[5] - Cash inflows from operating activities for the first three quarters of 2020 totaled CNY 311,761,980.49, a decrease of 31.1% compared to CNY 453,246,880.67 in the same period of 2019[23] - The company reported a net cash outflow from operating activities of CNY 33,888,461.81 for the first three quarters of 2020[23] - The net cash flow from operating activities for the first three quarters of 2020 was -83,253,771.29 RMB, compared to -164,318,923.40 RMB in the same period of 2019, showing an improvement[27] - The total cash outflow from operating activities was 215,641,322.60 RMB, compared to 331,528,308.24 RMB in the same period last year, indicating a reduction in cash outflows[27] Investments and Income - Non-recurring gains and losses amounted to CNY 6,057,999.72 for the current period[7] - Other income increased by 260.41% to ¥3,274,050.18 from ¥908,433.23, mainly due to increased government subsidies[11] - Investment income decreased by 39.18% to ¥4,081,531.93 from ¥6,710,484.40, primarily due to reduced recoveries from bank wealth management[11] - The company received 130,000,000.00 RMB from investment recoveries, down from 150,000,000.00 RMB in the previous year[27] Shareholder Information - The total number of shareholders reached 75,294[9] - The largest shareholder, Waveguide Technology Group Co., Ltd., holds 16.40% of shares, totaling 125,946,400 shares[9] Research and Development - Research and development expenses decreased by 51.31% to ¥5,573,177.01 from ¥11,446,612.03, primarily due to reduced R&D investments[10] - Research and development expenses for Q3 2020 were ¥3,642,439.92, down 37.4% from ¥5,820,026.73 in Q3 2019[17] - The company incurred research and development expenses of CNY 672,096.46 in the first three quarters of 2020, down from CNY 929,311.05 in the same period of 2019[20] Inventory and Receivables - Accounts receivable surged by 230.39% to ¥214,807,568.42 from ¥65,016,702.14, mainly due to the increase in accounts receivable from newly acquired subsidiaries[10] - Inventory rose by 78.48% to ¥55,260,293.66 from ¥30,962,342.08, attributed to increased stockpiling[10] - The company reported a decrease in inventory from ¥516,229.86 in 2019 to ¥74,186.35 in 2020, a reduction of 85.6%[15] - The company reported a significant increase in other receivables, rising to ¥332,882,329.84 in Q3 2020 from ¥218,229,503.62 in Q3 2019, an increase of 52.6%[15]