Financial Performance - In 2021, the company achieved a net profit of RMB 112,727,113.71, with a statutory surplus reserve of RMB 11,272,711.37, resulting in a total distributable profit of RMB 310,379,461.34[3] - The board proposed a cash dividend of RMB 0.5 per 10 shares, totaling RMB 49,828,286.50, with remaining undistributed profits carried forward to the next year amounting to RMB 260,551,174.84[3] - The company's operating revenue for 2021 was ¥4,084,906,935.03, representing a 29.44% increase compared to ¥3,155,775,787.21 in 2020[18] - Net profit attributable to shareholders for 2021 was ¥415,010,752.62, an increase of 8.87% from ¥381,201,445.47 in 2020[18] - The net cash flow from operating activities reached ¥563,736,292.39 in 2021, a significant turnaround from a negative cash flow of ¥3,232,428.66 in 2020[18] - The basic earnings per share for 2021 was ¥0.420, up 8.25% from ¥0.388 in 2020[22] - The weighted average return on equity for 2021 was 8.53%, a slight decrease of 0.17 percentage points from 8.70% in 2020[22] - Total assets at the end of 2021 were ¥8,254,020,877.37, reflecting a 10.00% increase from ¥7,503,722,442.08 at the end of 2020[21] - The net profit after deducting non-recurring gains and losses was ¥291,773,677.02, a substantial increase of 94.80% compared to ¥149,780,783.91 in 2020[18] Research and Development - Research and development investment reached 25,547 million yuan, an increase of 47.32%, accounting for 6.25% of operating revenue[30] - The company applied for 51 new patents in 2021, including 16 PCT patents and 17 invention patents[60] - The company participated in the formulation of 2 international standards and 3 national standards during the reporting period[60] - The company employed 902 R&D personnel, accounting for 18.12% of the total workforce[78] - The company is focusing on the development of piezoelectric crystal materials, which are essential for smartphone filters, with stable demand expected to continue[109] Market Expansion and Strategy - The company is focusing on expanding into markets such as photovoltaic and wind power generation, electric and smart vehicles, next-generation communication technology, and consumer electronics[30] - The company plans to continue expanding its market presence and enhancing its product offerings in response to changing market demands[67] - The company is actively promoting the localization of semiconductor equipment, providing integrated production solutions for silicon wafer manufacturers[113] - The company plans to accelerate product development to capture new market opportunities and improve product gross margins in response to increasing market competition[116] Corporate Governance - All directors attended the board meeting, ensuring the authenticity and completeness of the annual report[3] - The company has established a comprehensive independent financial management system, ensuring financial independence from its controlling shareholders[123] - The company has maintained a stable shareholding structure, with no significant changes in shareholdings among key executives during the reporting period[130] - The company has been focusing on maintaining a robust governance framework to ensure effective decision-making and accountability[141] - The company has seen changes in its management team, including the resignation of former chairman Pan Jianqing[141] Environmental and Social Responsibility - The company has invested 2 million RMB in social welfare projects, including educational and charitable initiatives[182] - The company has established a community partnership with Zhejiang Sci-Tech University to foster talent development[182] - The company has committed to supporting 26 underdeveloped counties, focusing on industrial assistance, intellectual support, and employment guidance[183] - The company has been awarded the "National Advanced Private Enterprise in Employment and Social Security" title in 2021[179] Legal and Compliance - The company has no reported penalties from securities regulatory agencies in the past three years[144] - The company has maintained compliance with legal and regulatory requirements throughout the reporting period[200] - The company has not faced any legal actions that could impact its operations or financial standing[200] - The integrity status of the company and its controlling shareholders remains intact with no adverse situations reported[200] Investment and Financial Management - The total amount of equity investment by the company during the reporting period was RMB 362.01 million, an increase of RMB 25.14 million, or 7.46% compared to the same period last year[94] - The company has completed a total of RMB 62 million in investments in various technology companies, focusing on electronic materials and software development[94] - The company has committed to investing in multiple projects aimed at expanding its capabilities in high-performance materials and technology development[98] Employee Management - The company has implemented a diversified and wide-ranging compensation system, which includes basic salary, performance pay, and stock incentives, aimed at enhancing employee motivation and performance[155] - The company conducted various training programs to enhance management skills and operational efficiency among its employees[156] - The employee stock ownership plan was approved, allowing the acquisition of 13,768,519 shares at a price of 5.82 yuan per share, with a lock-up period of 12 months[161]

2021 年第三季度报告 单位：元 币种：人民币 证券代码：600330 证券简称：天通股份 天通控股股份有限公司 2021 年第三季度报告 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： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 年初至报告 | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------|--------------------------------------|------------------|------------------------ ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,837,035,415.11, representing a 30.39% increase compared to ¥1,408,856,475.85 in the same period last year[24]. - Net profit attributable to shareholders of the listed company was ¥223,669,786.81, a 5.66% increase from ¥211,683,732.28 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥140,013,769.41, showing a significant increase of 96.90% compared to ¥71,108,326.12 in the same period last year[24]. - The net cash flow from operating activities was ¥108,328,906.41, a remarkable turnaround from a negative cash flow of -¥75,010,923.96 in the previous year, marking a 244.42% increase[24]. - Basic earnings per share for the first half of 2021 were ¥0.228, a 6.05% increase from ¥0.215 in the same period last year[26]. - The diluted earnings per share also stood at ¥0.228, consistent with the basic earnings per share[26]. - The weighted average return on net assets was 4.680%, a decrease of 0.26 percentage points compared to the previous year[26]. - The company reported a significant increase in the weighted average return on net assets after deducting non-recurring gains and losses, rising to 2.930%, an increase of 1.27 percentage points from the previous year[26]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥7,859,671,548.57, up 4.74% from ¥7,503,722,442.08 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company increased to ¥4,832,589,479.10, reflecting a 2.47% growth from ¥4,716,139,084.41 at the end of the previous year[24]. - Total liabilities increased to ¥2,947,874,950.04 from ¥2,717,638,285.17, marking an increase of approximately 8.47%[138]. - Shareholders' equity rose to RMB 4,911,796,598.53, up from RMB 4,786,084,156.91, reflecting an increase of about 2.62%[138]. Research and Development - Research and development expenses increased by 46.20% to CNY 105,777,901.63, reflecting the company's commitment to innovation[51]. - The company aims to stabilize core technical personnel and enhance its R&D capabilities to maintain competitive advantages in the market[74]. - The company has implemented a long-term incentive mechanism to attract and retain technical talent, ensuring active participation in new product development[74]. Market and Product Development - The company operates in the electronic materials sector, focusing on magnetic materials and components, with applications in automotive electronics and communication[31]. - The company provides complete solutions for electronic product design, manufacturing, procurement, and logistics management, serving various industries including IoT and network security[31]. - The company is expanding its product offerings in the semiconductor display equipment sector, targeting the TFT-LCD and OLED markets[35]. - The demand for soft magnetic materials in wireless charging has been increasing, with this segment showing higher gross margins and significant growth potential[38]. - The sapphire material market has seen a rebound in demand and prices, with significant growth in Mini LED applications, leading to increased production and sales for the company[38]. Cash Flow and Financial Management - The company reported a significant credit impairment loss of CNY 2,670,802.70 in the first half of 2021, compared to a recovery of CNY 188,648.41 in the same period of 2020[152]. - The net cash flow from operating activities for the first half of 2021 was ¥108,328,906.41, a significant improvement compared to a net outflow of ¥75,010,923.96 in the same period of 2020[155]. - Cash inflow from operating activities totaled ¥1,631,303,448.90, up from ¥1,158,361,072.49 in the first half of 2020, representing an increase of approximately 40.7%[155]. - The total cash and cash equivalents at the end of the period stood at ¥416,385,480.40, up from ¥366,787,229.28 at the end of the previous year[157]. Corporate Social Responsibility - The company has invested over 1 billion RMB in relocating part of its magnetic materials production and sapphire crystal growth to Liu'an, Anhui, and Yinchuan, Ningxia, creating over 400 jobs locally[95]. - During the first half of 2021, the company helped local farmers by purchasing agricultural products, significantly improving their sales channels and income[95]. - The company has provided 200,000 RMB annually in scholarships, benefiting 920 students over the past three years[95]. - The company is actively involved in the "Red Four Alliance" initiative, which aims to enhance rural governance and economic development through collaboration among villages, communities, enterprises, and institutions[95]. Legal and Compliance - The company has ongoing litigation involving a claim for 42.87 million RMB due to unpaid debts, which has been settled through mediation[102]. - The company has no significant integrity issues or unfulfilled court judgments during the reporting period[107]. - The company has maintained compliance with all regulatory requirements and has not faced any penalties or violations[107]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,904[122]. - The largest shareholder, Tiantong High-tech Group Co., Ltd., held 129,561,810 shares, accounting for 13.00% of total shares[125]. - The company has not distributed dividends or increased capital reserves in the recent fiscal year[81].

Financial Performance - Operating revenue for the reporting period was CNY 850,750,991.37, representing a year-on-year increase of 66.35%[11] - Net profit attributable to shareholders was CNY 104,683,414.84, an increase of 5.80% compared to the same period last year[11] - The company reported a net profit excluding non-recurring gains and losses of CNY 60,308,982.23, a substantial increase of 346.57% year-on-year[11] - Revenue for Q1 2021 reached ¥850,750,991.37, a 66.35% increase compared to ¥511,409,614.91 in Q1 2020, driven by growth in magnetic materials, sapphire, and equipment sectors[20] - Net profit for Q1 2021 was RMB 106,113,236.38, representing a 8.8% increase compared to RMB 97,670,345.76 in Q1 2020[39] - The total profit for Q1 2021 was RMB 116,508,772.95, an increase from RMB 106,286,897.22 in Q1 2020[37] Cash Flow - Net cash flow from operating activities was CNY 70,505,529.04, a significant increase of 286.07% compared to the previous year[11] - Net cash flow from operating activities improved significantly to ¥70,505,529.04, a 286.07% increase from a negative cash flow of ¥37,892,059.23 in the same period last year[20] - The net cash flow from financing activities is 47,729,333.92, a decrease from 111,301,207.67 in the previous year[49] - The company generated cash inflow from investment activities of 48,680,093.64, a decrease from 91,618,853.93 in the same quarter last year[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,376,072,273.56, a decrease of 1.70% compared to the end of the previous year[11] - Total liabilities amounted to ¥2,669,587,382.08, a decrease from ¥2,717,638,285.17 in the previous period, reflecting a reduction of approximately 1.8%[28] - The total equity attributable to shareholders was ¥4,626,491,931.31, down from ¥4,716,139,084.41, indicating a decline of about 1.9%[28] - Current liabilities remained stable at ¥2,470,644,719.60, slightly down from ¥2,471,864,478.74 in the previous period[26] Investments and Expenses - R&D expenses rose by 62.71% to ¥46,689,663.40 from ¥28,694,436.25, reflecting increased investment in research and development[20] - The company reported a significant decrease in investment income, down 50.79% to ¥37,601,834.10 from ¥76,416,747.60 year-over-year[20] - The company’s financial expenses rose to 5,584,210.36, compared to 4,619,983.27 in the previous year, reflecting a 20.9% increase[43] Shareholder Information - The number of shareholders at the end of the reporting period was 85,823[14] - The weighted average return on equity was 2.24%, a decrease of 0.11 percentage points compared to the previous year[11] Other Financial Metrics - The company’s cash and cash equivalents increased to ¥451,573,937.89 from ¥411,281,010.77, reflecting improved liquidity[23] - The company experienced a net credit impairment loss of RMB 1,981,991.96 in Q1 2021, a decrease from RMB 6,834,542.12 in Q1 2020[37] - Other comprehensive income after tax for Q1 2021 was RMB -202,546,692.21, compared to RMB 176,601,247.56 in Q1 2020[40]

Financial Performance - In 2020, the company achieved a total revenue of ¥3,155,775,787.21, representing a 13.52% increase compared to ¥2,779,942,961.87 in 2019[22] - The net profit attributable to shareholders reached ¥381,201,445.47, a significant increase of 134.70% from ¥162,417,496.13 in the previous year[22] - The net profit after deducting non-recurring gains and losses was ¥149,780,783.91, up 158.91% from ¥57,849,878.70 in 2019[22] - Basic earnings per share increased by 135.15% to CNY 0.388 in 2020 compared to CNY 0.165 in 2019[25] - The weighted average return on equity rose by 4.57 percentage points to 8.70% in 2020 from 4.13% in 2019[25] - The company reported a significant increase in non-current asset disposal gains of CNY 208,135,670.90 in 2020 compared to CNY 66,743,945.49 in 2019[28] - Revenue from magnetic materials manufacturing increased by 23.88% to 69,957 million RMB, with a gross margin increase of 2.83%[50] - The gross profit margin decreased by 1.51 percentage points to 23.29%[51] - The company reported a total operating revenue of ¥3,080,475,294.12, an increase of 13.89% compared to the previous year[51] Assets and Liabilities - The company's total assets as of the end of 2020 amounted to ¥7,503,722,442.08, an increase of 11.69% from ¥6,718,507,718.34 at the end of 2019[22] - The net assets attributable to shareholders increased to ¥4,716,139,084.41, reflecting a growth of 15.97% compared to ¥4,066,829,256.54 in 2019[22] - The total amount of receivables financing increased from CNY 100,499,965.97 at the beginning of the year to CNY 302,517,176.29 by year-end, reflecting a change of CNY 202,017,210.32[31] - Accounts receivable increased by 20.56% compared to the previous period, attributed to sales growth and changes in credit terms[67] - Long-term receivables decreased by 55.31% compared to the previous period, mainly due to the recovery of project payments from subsidiaries[70] Cash Flow - The company reported a net cash flow from operating activities of -¥3,232,428.66, an improvement of 96.43% from -¥90,664,681.69 in 2019[22] - Net cash flow from operating activities increased by 96.43% year-on-year, primarily due to an increase in cash received from other operating activities[65] - Net cash flow from investing activities increased by 86.02% year-on-year, mainly due to an increase in cash recovered from investments[65] - Net cash flow from financing activities decreased by 176.50% year-on-year, primarily due to increased cash payments for debt repayment and other financing activities[65] - Cash and cash equivalents decreased by 39.65% compared to the beginning of the period, mainly due to a reduction in bank deposits and other cash[70] Market and Product Development - The company plans to continue focusing on market expansion and new product development as part of its future strategy[8] - The company has achieved a market-leading position in high-margin products such as thin sheets for wireless charging[35] - The company is actively focusing internal resources to enhance its market share in single crystal growth furnaces, with significant sales growth noted in the semiconductor sector[38] - The company is focusing on expanding its market share in the photovoltaic industry by increasing sales of single crystal growth furnaces and supporting equipment[99] - The company aims to deepen its focus on magnetic materials for wireless charging, new energy vehicles, and renewable energy generation, while developing new applications in sensors and thin film materials[99] Research and Development - Research and development expenses rose by 6.26% to ¥173,409,923.08, mainly due to increased personnel costs and material consumption[60] - The company holds 482 core intellectual properties related to electronic materials and equipment, including 98 invention patents and 339 utility model patents[46] - The company is committed to enhancing its research and development efforts in semiconductor equipment, aiming to build a product matrix through independent research, production, and investment in semiconductor companies[99] Shareholder and Dividend Information - The company proposed a cash dividend of ¥0.50 per 10 shares, totaling ¥49,139,860.55 to be distributed to shareholders[7] - The cash dividend for 2020 was CNY 0.50 per share, totaling CNY 49,139,860.55, which represents 12.89% of the net profit attributable to ordinary shareholders[103] - The company has committed to maintaining a stable profit distribution policy, ensuring continuity in its dividend payouts[108] Legal and Compliance Issues - The company has ongoing litigation involving claims for 4,287.41 million RMB against Hefei Rainbow Blu-ray Technology Co., Ltd. due to unpaid payments[115] - The company has also initiated litigation against Fujian Hanjing Optoelectronics Technology Co., Ltd. for 4,191,500 RMB due to similar payment issues[115] - The company has reported a significant impact on its financial results due to ongoing litigation and settlements[115] - The company has not faced any significant accounting errors or non-standard audit opinions during the reporting period[112] Environmental and Social Responsibility - The company has a wastewater treatment capacity of 500 tons per day for domestic sewage and 1,500 tons per day for magnetic materials wastewater, with a total reuse rate exceeding 75%[147] - The company obtained its first national pollutant discharge permit since the reform on August 28, 2020, valid until August 27, 2023[148] - The company has implemented an emergency response plan for environmental incidents, with no incidents reported during the reporting period[149] Corporate Governance - The company has established a new board of directors consisting of 7 members, including 3 independent directors, following the completion of the board's term[196] - The company has strengthened internal control systems and conducted evaluations and audits of its internal control effectiveness during the reporting period[196] - The company has seen a turnover in its independent directors, reflecting potential shifts in governance strategy[183] Employee Information - The total number of employees in the parent company is 2,105, while the total number of employees in major subsidiaries is 2,934, resulting in a combined total of 5,039 employees[189] - The company has implemented a diversified salary system that includes basic salary, position salary, performance salary, benefits, year-end bonuses, operational performance rewards, and equity incentives[190] - The company conducted training for 105 employees who passed internal and external professional title evaluations, including 13 senior engineers, 49 engineers, and 43 assistant engineers[193]

Financial Performance - Net profit attributable to shareholders was ¥332,887,538.18, representing a significant increase of 126.91% year-on-year[17]. - Operating revenue for the first nine months was ¥2,226,635,310.12, up 17.38% from the same period last year[17]. - Basic earnings per share increased to ¥0.339, reflecting a growth of 130.61% year-on-year[17]. - The weighted average return on equity rose to 7.46%, an increase of 3.74 percentage points compared to the previous year[17]. - Total operating revenue for Q3 2020 reached ¥817,778,834.27, a 14.2% increase from ¥716,219,984.49 in Q3 2019[45]. - Net profit for Q3 2020 was ¥125,983,726.48, compared to ¥35,351,435.34 in Q3 2019, representing a significant increase of 256.5%[49]. - The company reported a total comprehensive income of ¥359,265,562.83 for Q3 2020, compared to a loss of ¥4,222,666.91 in Q3 2019[51]. - The total profit for the first three quarters of 2020 was ¥153,741,579.05, compared to a loss of ¥311,783.82 in the same period of 2019[54]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,502,950,066.16, an increase of 11.68% compared to the end of the previous year[17]. - The total assets increased to ¥7,502,950,066.16 from ¥6,718,507,718.34, reflecting a growth in both current and non-current assets[30]. - The total liabilities decreased slightly to ¥2,301,306,746.22 from ¥2,321,313,083.26, indicating a stable financial position[34]. - Total liabilities increased to ¥2,629,024,049.12, up from ¥2,577,211,694.93, reflecting a growth of approximately 2%[36]. - The total equity rose to ¥4,873,926,017.04, compared to ¥4,141,296,023.41, marking an increase of about 17.7%[36]. - The total equity attributable to shareholders reached ¥4,804,490,011.67, up from ¥4,066,829,256.54, reflecting an increase of approximately 18.1%[36]. - The company’s total assets as of the end of Q3 2020 were CNY 6,718,507,718.34, reflecting a stable asset base compared to previous periods[68]. Cash Flow - The net cash flow from operating activities improved to -¥23,817,104.50, a 80.97% increase compared to -¥125,147,783.92 in the previous year[17]. - The net cash flow from operating activities improved by 80.97%, reaching -¥23,817,104.50 compared to -¥125,147,783.92 in the same period last year, due to increased collections and reduced tax payments[25]. - The net cash flow from investing activities was ¥12,931,755.02, a 105.39% increase from -¥239,844,281.35, mainly due to cash received from the reduction of investment in Bochuang Technology[25]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 1,113,979,110.17, an increase from CNY 968,489,400.95 in the same period of 2019, representing a growth of approximately 15%[62]. - The net cash flow from operating activities was negative at CNY -1,385,074.16 in Q3 2020, an improvement from CNY -162,160,236.87 in Q3 2019, suggesting better operational efficiency[65]. Shareholder Information - The total number of shareholders at the end of the reporting period was 81,239[20]. - The largest shareholder, Tiantong High-tech Group Co., Ltd., held 13.00% of the shares, totaling 129,561,810 shares[20]. - The company approved the second employee stock ownership plan, allowing the acquisition of 13,768,519 shares at a price of ¥5.82 per share[27]. Investment and R&D - The company reported non-operating income of ¥69,742,335.42 for the current period, with a total of ¥210,317,741.58 for the year-to-date[19]. - R&D expenses for Q3 2020 were ¥45,517,354.24, slightly down from ¥47,000,722.51 in Q3 2019[45]. - Research and development expenses for Q3 2020 amounted to ¥13,719,396.64, slightly up from ¥12,069,928.76 in Q3 2019[54]. - Future outlook includes continued focus on market expansion and new product development strategies[49]. Changes in Financial Position - Cash and cash equivalents decreased by 30.88% to ¥471,101,358.14 from ¥681,528,019.93 due to a reduction in bank deposits during the reporting period[24]. - Accounts receivable increased by 64.55% to ¥52,030,710.93 from ¥31,619,406.96, primarily due to an increase in commercial acceptance received during the reporting period[24]. - Long-term receivables decreased by 57.82% to ¥1,776,924.55 from ¥4,212,433.19, mainly due to the recovery of project funds from subsidiaries[24]. - Other equity instrument investments increased by 103.16% to ¥1,071,523,541.10 from ¥527,423,065.95, attributed to the increase in fair value of Yaguang Technology during the reporting period[24]. - Cash and cash equivalents decreased to ¥158,316,039.26 from ¥241,963,226.07, a decline of about 34.6%[40]. - Accounts receivable rose to ¥431,224,301.14 from ¥412,785,713.30, showing an increase of approximately 4.4%[40]. - Inventory increased to ¥313,728,803.47 from ¥270,294,121.74, indicating a growth of about 16%[40].

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥1.41 billion, representing a 19.32% increase compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company reached approximately ¥211.68 million, an increase of 83.60% year-on-year[20]. - The basic earnings per share for the reporting period was ¥0.215, up 85.34% from ¥0.116 in the same period last year[21]. - The company reported a net profit of RMB 730,682,901.96 for the period, compared to RMB 568,139,030.23 for the previous year, representing an increase of approximately 28.6%[109]. - Total operating revenue for the first half of 2020 was CNY 1,408,856,475.85, an increase of 19.3% compared to CNY 1,180,754,875.77 in the same period of 2019[114]. - Net profit for the first half of 2020 reached CNY 212,851,853.13, representing a 91.0% increase from CNY 111,402,814.39 in the same period last year[115]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately ¥7.09 billion, a 5.56% increase from the previous year[20]. - The company's total assets increased to CNY 4,917,396,788.22, compared to CNY 4,699,269,644.91 at the end of the previous period[113]. - Total liabilities decreased to CNY 1,056,678,764.31 from CNY 1,109,081,066.38, indicating a reduction in financial obligations[113]. - The company's total liabilities were reported at 2,450,723.00 million, reflecting a stable leverage position[127]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥75.01 million, but improved by 26.79% compared to the previous year[20]. - Cash flow from operating activities improved by 26.79% due to increased collections and reduced tax payments[50]. - The company reported a net cash outflow from operating activities of CNY -75,010,923.96, an improvement from CNY -102,466,276.28 in the first half of 2019[121]. - Cash inflow from financing activities increased to RMB 883,000,000.00, compared to RMB 490,000,000.00 in the same period last year[124]. Investments and Acquisitions - The company made a total equity investment of approximately 179.87 million yuan during the reporting period, marking a 100% increase year-on-year[55]. - The company acquired 100% equity of Zhejiang Kaicheng Semiconductor Materials Co., with a total investment of approximately 8.24 million yuan and additional capital injection of 71.5 million yuan[55]. - The company completed the acquisition of 45% equity in Tiantong Rijing Precision Technology Co., with a total investment of approximately 48.57 million yuan[55]. Research and Development - The company has obtained a total of 33 invention patents and 17 utility model patents in magnetic materials, showcasing its strong R&D capabilities[34]. - The company has successfully developed and mass-produced 6-inch lithium tantalate (LT) and lithium niobate (LN) crystals, breaking foreign monopolies and filling domestic gaps[35]. - Research and development expenses for the first half of 2020 were CNY 20,737,199.87, a decrease from CNY 22,616,600.51 in the first half of 2019[118]. Market Position and Strategy - The company focuses on the research, manufacturing, and sales of electronic materials, including magnetic materials, sapphire crystal materials, and piezoelectric crystal materials, as well as high-end specialized equipment[25]. - The company is actively expanding into the Japanese and Korean markets for piezoelectric crystals, aiming to become a leading supplier in the international market within three to five years[43]. - The company aims to expand into markets along the Belt and Road Initiative, particularly focusing on the Korean and Japanese markets for piezoelectric materials[68]. Legal Matters - The company is involved in a lawsuit with Hefei Rainbow Technology, claiming 42.8741 million RMB for unpaid goods, with a settlement reached[75]. - A lawsuit against Zhejiang Hanjing and Hanjin Technology involves a claim of 4.1915 million RMB for unpaid goods, with the first-instance judgment in favor of the plaintiff[75]. - The company is currently involved in a second-instance appeal regarding the judgment against Zhejiang Hanjing[75]. Environmental Compliance - The company has established 7 sets of wastewater treatment facilities with a total processing capacity of approximately 3,900 tons per day, all of which are operating normally and meet national standards[87]. - The company strictly adheres to the "three wastes" discharge standards, with no instances of exceeding discharge limits during the reporting period[86]. - The company has implemented a self-monitoring plan for wastewater, conducting monitoring every half month, with all indicators meeting standards during the reporting period[90]. Shareholder Information - The total number of ordinary shareholders reached 66,188 by the end of the reporting period[96]. - The largest shareholder, Tiantong High-tech Group Co., Ltd., holds 129,561,810 shares, accounting for 13.00% of total shares[97]. - The company has not proposed any profit distribution or capital reserve increase for the current half-year period[70].

2020 年第一季度报告 公司代码：600330 公司简称：天通股份 天通控股股份有限公司 2020 年第一季度报告 1 / 17 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | --- | |----------------|-------| | | | | 重要提示 . | | | 公司基本情况 . | | | 重要事项 . | | | 附录 . | | 2 / 17 2020 年第一季度报告 单位：元 币种：人民币 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 公司全体董事出席董事会审议季度报告。 1.3 公司负责人潘建清、主管会计工作负责人张桂宝及会计机构负责人（会计主管人员）许伟保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------------------ ...

Financial Performance - The company's operating revenue for 2019 was ¥2,779,942,961.87, representing a 6.50% increase compared to ¥2,610,217,314.21 in 2018[22] - The net profit attributable to shareholders for 2019 was ¥162,417,496.13, a decrease of 42.72% from ¥283,546,469.38 in 2018[22] - The net cash flow from operating activities was negative at ¥90,664,681.69, a decline of 198.20% compared to a positive cash flow of ¥92,324,748.88 in 2018[22] - The total equity attributable to shareholders at the end of 2019 was ¥4,066,829,256.54, an increase of 6.28% from ¥3,826,675,429.69 at the end of 2018[22] - Basic earnings per share decreased by 42.11% to CNY 0.165 from CNY 0.285 in the previous year[25] - The weighted average return on equity dropped by 3.34 percentage points to 4.13% from 7.47% in the previous year[25] - The company reported a cumulative distributable profit of ¥81,678,670.91 for the year, with an undistributed profit of ¥32,538,810.36 to be carried forward[6] Dividends and Profit Distribution - The company proposed a cash dividend of ¥0.50 per 10 shares, totaling ¥49,139,860.55 to be distributed to shareholders[6] - The company did not propose any capital reserve transfer to increase share capital or bonus shares for 2019[6] - In 2019, the company plans to distribute a cash dividend of CNY 0.50 per 10 shares, with a total cash dividend amounting to CNY 74,382,608.61, representing 45.80% of the net profit attributable to shareholders[107] - The cumulative cash dividends distributed over the last three years amount to CNY 103,931,001.55, CNY 74,382,608.61, and CNY 41,523,572.10 for 2018, 2019, and 2017 respectively[107] - The company has committed to maintaining a stable profit distribution policy, ensuring that cumulative cash dividends over the last three years are not less than the average distributable profit[110] Research and Development - The company has obtained 33 invention patents and 17 utility model patents in magnetic materials, establishing itself as a leader in technology research and development[40] - The company has successfully developed and mass-produced 6-inch lithium tantalate (LT) and lithium niobate (LN) crystals, breaking foreign monopolies and filling domestic gaps[40] - The company has invested in automation equipment, significantly reducing production costs and enhancing product quality and competitiveness[40] - The company employed 722 R&D personnel, making up 15.92% of the total workforce[63] - R&D expenses increased by 2.92% to ¥163.19 million, representing 5.87% of total operating income[63] Market and Industry Trends - The demand for soft magnetic materials is expected to grow significantly in the automotive electronics and wireless charging sectors due to the rapid development of electric vehicles and smartphones[73] - The company anticipates new business opportunities in the 5G communications and cloud server markets, driven by the commercial rollout of 5G technology[76] - The sapphire crystal materials market is primarily driven by LED chips, which hold an 80% market share, but faced significant price drops in 2019 due to oversupply[37] - The demand for piezoelectric crystal materials is expected to grow rapidly, with the global market requiring hundreds of billions of units annually, predominantly using LN and LT crystal materials[37] - The domestic market for semiconductor crystal growth equipment is accelerating due to the need for localization amid trade disputes, pushing for rapid development of domestic equipment[37] Operational Efficiency and Management - The company is actively optimizing its management processes to enhance production efficiency and cost control[43] - The company has established long-term strategic partnerships with leading clients in various application fields, enhancing its market resources and customer advantages[40] - The company is focusing on smart factory construction and the digitalization of production lines to enhance competitiveness[98] - The company has made significant breakthroughs in flexible display panel manufacturing equipment, maintaining a high market share in AMOLED online automation equipment[47] - The company has a stable board composition with no changes in shareholding among directors and senior management[185] Legal and Compliance Issues - The company is involved in a significant lawsuit against Hefei Caihong Blue Light Technology Co., claiming RMB 42.8741 million for unpaid goods, with a settlement reached on December 24, 2019[128] - The company has initiated legal proceedings against Fujian Hanjing Optoelectronics and Zhejiang Hanxin Semiconductor for RMB 4.1915 million due to unpaid goods, with the case accepted by the court on July 24, 2019[128] - The company has a pending lawsuit against Shiyan Guangxing Electronics for RMB 0.3505731 million for unpaid goods, with the case accepted by the court on December 17, 2019[131] - The company is involved in a lawsuit with Zhejiang Juheng Solar Co., claiming RMB 5.2723 million for the return of equipment and property damages, with the first instance ruling against the plaintiff[133] Social Responsibility and Environmental Compliance - The company has actively participated in social responsibility initiatives, including donations totaling ¥700,000 to support education and assist underprivileged students[158] - The company adheres to environmental regulations, with all wastewater and emissions meeting the required standards, and has not exceeded permitted discharge limits[159] - The company has a wastewater treatment capacity of 500t/d for domestic sewage and 1500t/d for industrial wastewater from magnetic materials, with all treated wastewater reused in production[160] - The company has established monitoring capabilities for water pollution indicators such as pH, ammonia nitrogen, and COD, conducting bi-monthly and quarterly monitoring to ensure compliance with standards[166] Employee Management and Development - The total number of employees in the parent company is 2,054, while the total number of employees in major subsidiaries is 2,482, resulting in a combined total of 4,536 employees[198] - The company has revised its compensation management measures in 2019 to enhance the effectiveness of its salary distribution system and motivate employees[199] - The company plans to establish the Tiantong Innovation Academy to conduct various training programs, including management skills and professional technical training[200] - The company emphasizes a diversified and wide-ranging salary system that includes basic salary, performance pay, and special rewards[199] - The independent directors receive an annual allowance of 80,000 RMB each[195]

Financial Performance - Net profit attributable to shareholders decreased by 37.11% to CNY 146,704,870.73 year-on-year[17] - Operating revenue for the first nine months was CNY 1,896,974,860.26, a decrease of 0.58% compared to the same period last year[17] - The company reported a significant decrease in investment income, with a loss of CNY 508,448.51 compared to a profit of CNY 14,340,585.73 in the same period last year, marking a decline of 103.55%[31] - The company reported a decrease in retained earnings to $552,426,404.83 from $454,861,394.65, a decline of about 21.5%[37] - The company reported a total profit of approximately ¥43.92 million for Q3 2019, compared to ¥87.44 million in Q3 2018, a decrease of about 49.7%[50] - The net profit for Q3 2019 was a loss of ¥12.30 million, compared to a profit of ¥37.27 million in Q3 2018, representing a significant decline[62] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -125,147,783.92, worsening by 9.55% year-on-year[17] - The net cash flow from investing activities was a negative CNY 239,844,281.35, which is an 8.88% increase in outflow compared to the previous year[31] - The net cash flow from operating activities for the first three quarters of 2019 was a negative ¥125.15 million, compared to a negative ¥114.24 million in the same period of 2018[66] - The total cash flow from operating activities was impacted by a significant reduction in cash received from sales, which totaled 412,464,735.44 RMB, down from 616,671,424.66 RMB, a decrease of about 33%[72] Assets and Liabilities - Total assets increased by 8.91% to CNY 6,468,508,511.35 compared to the end of the previous year[17] - The company’s total liabilities increased to CNY 3,862,265,189.69, up from CNY 3,425,723,493.96, reflecting a growth of 12.74% year-over-year[31] - Total liabilities reached ¥2,074,380,555.27, with non-current liabilities at ¥390,865,157.86[80] - Total assets amounted to ¥5,939,270,633.59, with non-current assets at ¥3,425,723,493.96[79] - Total equity attributable to shareholders increased to $4,025,455,715.95 from $3,826,675,429.69, marking an increase of around 5.2%[37] Shareholder Information - The number of shareholders reached 76,052, with the largest shareholder holding 13.00% of shares[22] - The company received government subsidies amounting to CNY 79,330,330.77 during the first nine months[19] Receivables and Inventory - Accounts receivable increased by 210.30% to CNY 183,206,962.82 due to an increase in accepted bills[23] - Inventory increased to $277,910,650.60 from $245,523,768.93, representing a growth of approximately 13.2%[41] Expenses - The company’s financial expenses rose by 53.08% to CNY 30,098,977.93, compared to CNY 19,662,801.10 in the previous year, primarily due to increased interest expenses[31] - R&D expenses for Q3 2019 were approximately ¥47.00 million, down from ¥53.87 million in Q3 2018, showing a reduction of about 12.8%[46] - The company incurred 602,458,410.70 RMB in cash payments related to operating activities, down from 733,016,574.02 RMB, indicating a reduction of approximately 18%[72] Other Income - The company’s revenue from other income increased by 66.34% to CNY 58,354,675.21, compared to CNY 35,082,111.57 in the previous year, mainly due to increased government subsidies[31] - Other income for Q3 2019 was approximately ¥910.52 million, compared to ¥739.81 million in Q3 2018, an increase of about 23.1%[50]