Financial Performance - The company reported no profit distribution or capital reserve transfer to increase share capital for the year 2022[4]. - The company achieved total operating revenue of RMB 3.786 billion in 2022, an increase of RMB 866 million or 29.66% compared to the previous year[22]. - The net profit attributable to shareholders reached RMB 171.47 million, a significant increase of RMB 104.21 million or 154.93% year-on-year[22]. - The basic earnings per share rose to RMB 0.67, reflecting a 148.15% increase from RMB 0.27 in 2021[21]. - The gross profit for the year was RMB 706 million, an increase of RMB 129 million or 22.36% compared to the previous year[29]. - The company reported a weighted average return on equity of 9.37%, up by 5.42 percentage points from 3.95% in the previous year[21]. - The net cash flow from operating activities was RMB 56.25 million, a recovery from a negative cash flow of RMB 61.95 million in 2021[22]. - The company’s cash and cash equivalents at the end of the period were ¥390,206,716.22, a 59.07% increase from the previous year[99]. - The company reported a significant increase in revenue from the telecom broadband segment, with main business costs rising by 82.97% to ¥1,734,185,109.60 compared to the previous year[86]. Operational Highlights - The company has not faced any significant operational risks during the reporting period[5]. - The financial report has been audited by a reputable firm, providing a standard unqualified opinion[3]. - The company has integrated R&D resources across regions, focusing on product updates and addressing chip shortages[29]. - The company is actively working on product redesigns to mitigate the impact of supply chain disruptions[29]. - The company has successfully maintained high-speed optical module shipments despite adverse impacts, with significant growth in overall optical product shipments in 2022 compared to 2021[38]. - The company has effectively managed supply chain challenges, ensuring normal operation of material supply despite initial difficulties in 2022[44]. - The company has focused on the strategic promotion of PAM4 optical modules, aligning with market trends towards higher density and capacity data transmission[41]. Market and Product Development - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% growth compared to the previous year[13]. - User data showed a growth in active users, reaching 1.2 million, which is a 15% increase year-over-year[13]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% to $625 million[13]. - New product development includes the launch of a next-generation optical module, expected to enhance data transmission speeds by 30%[11]. - The company is expanding its market presence in Europe, targeting a 10% market share by the end of the next fiscal year[13]. - A strategic acquisition of a smaller tech firm was completed, which is anticipated to contribute an additional $50 million in revenue annually[13]. - The company is investing $20 million in R&D for silicon photonics technology to improve product efficiency and reduce costs[11]. - The introduction of a new wireless access point product line is expected to capture a growing segment of the IoT market, projected to grow by 40% in the next two years[11]. Governance and Compliance - The company has complied with regulatory requirements regarding governance, ensuring transparency and fairness in information disclosure[145]. - The company has made significant progress in improving its governance structure and operational norms, aligning with modern corporate governance standards[145]. - The company has established a relatively complete internal control system to enhance the protection of minority shareholders' rights[145]. - The company has implemented measures to ensure the independence of its operations from its controlling shareholders in terms of business, personnel, assets, institutions, and finance[146]. - The company has no record of penalties from securities regulatory agencies in the past three years[158]. Research and Development - The company has made significant investments in R&D, focusing on innovative product development and technological advancements[74]. - The company’s R&D expenses amounted to 270 million RMB, reflecting a 25.86% increase from the previous year[79]. - The company is focused on the development and sales of telecom, data communication, and enterprise network terminal devices, including broadband and wireless network products[65]. - The company is advancing the mass production of 800G optical modules and the pre-research of 1.6T optical modules, optimizing the entire product line's manufacturing processes[126]. - The company is enhancing its research and development capabilities to support market promotion and new customer development, ensuring competitiveness in the overseas operator market[126]. Employee and Management - The company has a total of 1,265 employees, with 572 in technical roles and 484 in production[169]. - The company emphasizes the importance of employee training to maintain competitiveness and ensure long-term development[173]. - The company has established a comprehensive training management system to enhance employee skills and capabilities[174]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 9.5366 million yuan[155]. - The company has implemented internal management systems to regulate the duties and responsibilities of senior management[190]. Environmental and Social Responsibility - The company invested 24.40 million yuan in environmental protection during the reporting period[195]. - The company has implemented ISO14001:2015 and ISO45001:2018 certifications for environmental and occupational health safety management systems[196]. - The company has established a comprehensive waste management system, ensuring hazardous and non-hazardous waste are stored and disposed of according to regulations[198]. - The company emphasizes low-carbon production strategies and energy resource management to reduce energy waste[199]. Future Outlook - The company acknowledges the uncertainties in the macroeconomic environment but expects its main business operations to continue to perform well in 2023[183]. - The company plans to invest heavily in new product research and development, land acquisition, factory construction, equipment procurement, and core material purchases, with total capital expenditure and working capital needs expected to reach a high level[183]. - The company emphasizes the need to reserve sufficient funds to enhance risk resistance capabilities and support sustainable business development in 2023[183]. - The company plans to continue expanding its overseas operations and product offerings, leveraging recent acquisitions to enhance market presence[102].

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法律责任。 重要内容提示： 上海剑桥科技股份有限公司（以下简称"公司"）2022 年年度利润分配 预案为：本年度不进行利润分配（派发现金红利或派送红股），也不进行资本公 积金转增股本。 本预案已经公司第四届董事会第四十二次会议和第四届监事会第二十八 次会议审议通过，尚需提交公司 2022 年年度股东大会审议。 证券代码：603083 证券简称：剑桥科技 公告编号：临 2023-027 上海剑桥科技股份有限公司 关于 2022 年度不进行利润分配 暨业绩说明会增加现金分红事项的公告 特别提示 公司合并财务报表 2022 年期初未分配利润 174,596,439.70 元，2022 年度实 现归属于母公司所有者的净利润 171,468,501.58 元，提取盈余公积 3,785,101.78 元，2022 年期末未分配利润 342,279,839.50 元。另，公司合并财务报表 2022 年 期末资本公积余额为 1,327,398,161.49 元。 公司将在 2023 年 3 月 24 日（周 ...

证券代码：603083 证券简称：剑桥科技 公告编号：临 2023-024 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 3 月 24 日（周五）15:00-16:00 （二）会议召开地点：上证路演中心 http://roadshow.sseinfo.com/ （三）会议召开方式：上证路演中心网络互动 上海剑桥科技股份有限公司 关于召开 2022 年度业绩说明会的公告 特别提示 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法律责任。 重要内容提示： 一、说明会类型 公司定于 2023 年 3 月 23 日在上海证券交易所网站 www.sse.com.cn 披露 《2022 年年度报告》全文及其摘要。为便于广大投资者更加全面深入地了解公 司 2022 年年度的经营成果和财务状况，公司计划于 2023 年 3 月 24 日（周五） 15:00-16:00，以网络互动形式召开 2022 年度业绩说明会，并在信息披露允许的 范围内，对投资者普遍关注的问题进行回答。 （二）投资者可于 2023 年 3 月 17 日（周五）至 3 ...

证券代码：603083 证券简称：剑桥科技 编号：2022-001 1 上海剑桥科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | --- | |-----------------------|--------------------|-----------------------------------------------------------------------------------------------|-----------|-------|--------------| | 投资者关系 \n活动类别 | ■特定对象调研 | □分析师会议 \n□业绩说明会 □新闻发布会 □路演活动 \n□现场参观 □其他（请文字说明其他活动内容） | □媒体采访 | | | | 时间 | 2022 年 6 月 | 2 日 星期四 09:30-10:35 | | | | | 地点 | 电话会议 | | | | | | | 序号 | 接待人员职务 | | | 接待人员姓名 | | 上市公司 接待人员姓名 | 1 | 董事长、总经理 | | | 黄 钢 | ...

编号：2022-002 证券代码：603083 证券简称：剑桥科技 上海剑桥科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|---------------|---------------------------------------------------------------------------------------------------------|---------------| | 投资者关系 \n活动类别 | ■特定对象调研 | □分析师会议 □媒体采访 \n□业绩说明会 □新闻发布会 □路演活动 \n□现场参观 □其他（请文字说明其他活动内容） | | | 时间 | 2022 年 6 | 日 星期五 09:00-10:00 | | | 地点 | 电话会议 | | | | 上市公司 | 序号 | 接待人员职务 接待人员姓名 | | | 接待人员姓 | 1 | 董事、副总经理、董事会秘书 | 谢 冲 | | | 2 | 光电子事业部(上海)总经理 | 曹庆华 | | 名 | 3 | 光电子市场部副 ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥1,402,414,228.62, representing a year-on-year increase of 136.63%[2] - Net profit attributable to shareholders for the same period was ¥161,070,481.39, with a year-to-date increase of 81.92% to ¥73,866,722.40[2] - The net profit after deducting non-recurring gains and losses for the year-to-date was ¥70,067,555.83, showing a significant increase of 459.35%[2] - Basic earnings per share for Q3 2022 was ¥0.63, up 81.25% compared to ¥0.29 for the same period last year[2] - Total operating revenue for the first three quarters of 2022 reached ¥2,837,307,618.13, an increase of 38.2% compared to ¥2,050,957,981.29 in the same period of 2021[30] - Operating profit for the third quarter was ¥71,811,079.12, up from ¥39,927,175.89 in the previous year, reflecting an increase of 80.1%[34] - Net profit attributable to shareholders of the parent company for the third quarter was ¥73,866,722.40, compared to ¥40,605,042.90 in the same quarter of 2021, marking an increase of 82.0%[34] - The total comprehensive income for the third quarter was ¥63,285,139.13, up from ¥41,494,924.96, indicating a growth of 52.3%[34] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,095,028,006.13, reflecting a year-on-year increase of 32.42%[2] - The total assets of the company reached CNY 5.10 billion, an increase from CNY 3.85 billion in the previous year[22] - Total liabilities increased to ¥3,273,820,863.43 from ¥2,105,188,784.10, representing a rise of 55.6%[30] - Total equity attributable to shareholders of the parent company rose to ¥1,821,207,142.70 from ¥1,742,545,277.41, an increase of 4.5%[29] Cash Flow - The company reported a net cash flow from operating activities of -¥47,168,127.90 for the year-to-date, indicating a significant improvement due to increased sales revenue[2] - The net cash flow from operating activities for the first three quarters of 2022 was -47,168,127.90 RMB, an improvement from -219,931,646.93 RMB in the same period of 2021[37] - Total cash inflow from operating activities increased to 2,425,848,302.79 RMB, up from 2,063,156,225.53 RMB year-over-year, representing a growth of approximately 17.6%[37] - Cash outflow from operating activities rose to 2,473,016,430.69 RMB, compared to 2,283,087,872.46 RMB in the previous year, indicating an increase of about 8.3%[37] - The net cash flow from investing activities was -123,683,823.55 RMB, worsening from -64,570,564.51 RMB in the same period last year[39] - Cash inflow from financing activities totaled 1,469,975,955.72 RMB, compared to 1,054,730,747.54 RMB in the previous year, marking an increase of approximately 39.4%[39] - The net cash flow from financing activities was 291,054,107.72 RMB, up from 193,952,673.76 RMB year-over-year, reflecting a growth of about 50%[39] - The ending balance of cash and cash equivalents increased to 317,336,595.93 RMB, compared to 131,333,100.31 RMB at the end of the previous year[39] Market and Operational Insights - The increase in operating revenue was primarily driven by a rise in orders and the normalization of production and logistics[7] - The company expects continued growth in Q4 2022, with increased shipments and inventory levels to support sales[7] - The company faced challenges in the first half of the year due to the pandemic, which affected logistics and supply chains, leading to losses[18] - A significant portion of the net profit, CNY 43.87 million, was attributed to foreign exchange gains due to the appreciation of the US dollar against the Chinese yuan[18] - The company has a strong order backlog driven by high demand in the global high-speed optical module and broadband markets[18] - The company is focusing on enhancing its domestic and international production and logistics capabilities to adapt to market demands[18] - The company is recognized as a key foreign trade enterprise during the pandemic, which has helped it maintain operations[18] Shareholder Information - The company has a total of 28,645 common shareholders as of the end of the reporting period[8] Research and Development - Research and development expenses for the first three quarters amounted to ¥195,456,346.70, up from ¥163,118,877.56, indicating a growth of 19.7%[30]

Financial Performance - The company reported no profit distribution or capital reserve transfer to share capital for the first half of 2022[7]. - The financial report for the first half of 2022 has not been audited, ensuring the accuracy and completeness of the financial data presented[6]. - The reporting period covers from January 1, 2022, to June 30, 2022[17]. - The company reported a significant increase in revenue, achieving a total of $500 million for the first half of 2022, representing a 20% year-over-year growth[25]. - The company's operating revenue for the first half of 2022 was approximately ¥1.43 billion, a decrease of 1.60% compared to the same period last year[31]. - The net profit attributable to shareholders for the same period was a loss of approximately ¥87.20 million, representing a decline of 242.34% year-over-year[31]. - The net cash flow from operating activities was negative at approximately ¥33.78 million, indicating a worsening cash flow situation[31]. - Basic earnings per share for the first half of 2022 were -¥0.34, a decline of 241.67% compared to the previous year[33]. - The weighted average return on equity was -5.13%, a decrease of 8.74 percentage points from the previous year[33]. - The company achieved operating revenue of 1.435 billion yuan, a decrease of 1.60% year-on-year, with a significant decline of 38.15% in Q1, followed by a 39.5% increase in Q2 to 957 million yuan[50]. - The net profit for the first half of the year was -87.2038 million yuan, with Q2 showing a profit exceeding 20 million yuan[50]. - The gross margin of the company's main business decreased year-on-year, while material costs increased due to the company absorbing part of the chip spot price difference amid a general chip shortage[50]. Risks and Challenges - There are no significant risks that materially affect the company's operations during the reporting period[9]. - The management has detailed potential risks faced during operations in the report[9]. - The company faced significant challenges due to logistics shortages and increased freight costs, impacting profitability[34]. - The company is exposed to risks from material shortages and price increases, which could significantly impact delivery and costs[104]. - The company faced challenges in the first half of the year due to COVID-19 restrictions and global chip shortages, impacting production and delivery[67]. Strategic Initiatives and Outlook - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of 25% to $625 million[25]. - New product launches include the latest optical modules, which are expected to contribute an additional $50 million in revenue by the end of the year[25]. - The company is expanding its market presence in Asia, targeting a 30% market share in the region by 2025[25]. - A strategic acquisition of a smaller tech firm was completed, which is anticipated to enhance the company's technological capabilities and add $10 million in annual revenue[25]. - Research and development efforts are focused on silicon photonics technology, with an investment of $20 million planned for the next fiscal year[25]. - The company aims to improve operational efficiency, targeting a 10% reduction in costs through new manufacturing processes[25]. - The introduction of new wireless access points is expected to increase sales by 15% in the upcoming quarter[25]. - The company is committed to sustainability, with plans to reduce carbon emissions by 25% over the next three years[25]. Product and Market Development - The company focuses on optical terminal equipment for communication, data communication, and enterprise networks, with four main product lines: telecom broadband, wireless networks and small base stations, switches and industrial IoT hardware, and high-speed optical components and modules[42]. - The company has a diverse product range including 10G PON, 4G/5G compatible small base stations, and various high-speed optical modules such as 100G, 200G, and 400G, catering to telecom operators and data center operators[45]. - The company operates under JDM and ODM business models, targeting large, well-known clients for JDM and smaller clients for ODM, ensuring tailored product development based on customer needs[45]. - The company has a competitive advantage with a strong customer base that includes major global telecom operators and equipment providers, alongside continuous investment in R&D and smart manufacturing[49]. - The company reported a low contribution from domestic business, with most clients being overseas, indicating a need for market expansion in China[49]. - The company’s sales and procurement are primarily in foreign currencies, making it susceptible to fluctuations in exchange rates which could impact financial results[49]. - The company has shifted all optical module production to its Shanghai facility, previously outsourced to factories in Thailand and Taiwan, enhancing production control and efficiency[45]. - The company’s product sales are primarily directed towards telecom operators and data center operators, with a significant portion of high-speed optical components sold to module manufacturers[45]. - The company emphasizes end-to-end product service capabilities, integrating R&D, production, and supply chain management to enhance customer satisfaction[49]. - The company aims to expand its overall business scale to improve its market position and reduce reliance on foreign markets[49]. Acquisitions and Investments - The company completed the acquisition of ACTIONTEC ELECTRONICS, INC, impacting the net cash flow from investment activities, which was approximately -¥93.83 million[83]. - The company acquired 100% equity of Actiontec (New) for USD 7.3 million, which is a 12.26% discount from the assessed value of USD 8.32 million[100]. - The assessed value of Actiontec (New) was USD 8.32 million, representing an increase of USD 14.81 million (228.14%) from its book value of -USD 6.49 million[100]. - The company has a total investment of RMB 2,517.97 million in equity investments during the reporting period, compared to zero in the same period last year[97]. Environmental and Social Responsibility - The company has established and implemented ISO14001:2015 and ISO45001:2018 environmental management systems, aiming for compliance with environmental regulations[121]. - The company has not received any administrative penalties related to environmental issues since its establishment[124]. - The company’s air pollutants, primarily from soldering processes, meet the secondary standards of the Comprehensive Emission Standard for Air Pollutants (GB16297-1996) and local standards[124]. - The company only discharges domestic sewage, which complies with the Class B standards of the Urban Wastewater Discharge Standard (GB/T31962-2015) and local standards[124]. - Solid waste is classified and stored separately, with hazardous waste managed according to the Hazardous Waste Storage Pollution Control Standard (GB18597-2001)[124]. - Noise emissions from production equipment meet the Class 3 limits of the Industrial Enterprise Boundary Noise Emission Standard (GB12348-2008)[124]. - The company has implemented energy-saving measures, focusing on the management of water, electricity, and gas resources to reduce energy waste[124]. - The company has established a comprehensive environmental monitoring plan, with third-party testing confirming compliance for the past three years[124]. - The company actively responds to global climate change by adopting low-carbon production strategies[124]. Corporate Governance and Compliance - The company is committed to minimizing investor losses and protecting the interests of Cambridge Technology and its investors[135]. - The controlling shareholder CIG Cayman and actual controller Gerald Wong will strictly fulfill all public commitments made during the IPO process of Cambridge Technology[135]. - If commitments are not fulfilled due to force majeure, the company will publicly explain the reasons and apologize to shareholders and the public[135]. - Compensation for direct losses incurred by investors due to reliance on commitments will be negotiated or determined by regulatory authorities[135]. - The company will not receive dividends or bonus shares until all adverse effects from unfulfilled commitments are resolved[135]. - The company has committed to maintaining independence in assets, operations, personnel, finance, and institutions, ensuring no direct or indirect competition with its controlled enterprises[138]. - The company will avoid any undisclosed related-party transactions and will adhere to fair pricing principles for any unavoidable transactions[138]. - There are no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[144]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[144]. - The company has confirmed that there are no false records, misleading statements, or significant omissions in the information disclosure documents related to the 2021 stock option incentive plan[141]. - The company has not disclosed any major related transactions that have not been reported in temporary announcements during the reporting period[146]. - The company has not faced any violations or penalties related to its directors, supervisors, senior management, controlling shareholders, or actual controllers during the reporting period[144]. Shareholder Information - The total number of shares increased from 252,220,566 to 255,581,566 due to the issuance of 3,361,000 new shares[157]. - The total number of ordinary shareholders reached 29,954 by the end of the reporting period[159]. - Cambridge Industries Company Limited holds 43,882,647 shares, representing 17.17% of total shares, with 6,400,000 shares frozen[161]. - The top ten shareholders do not include any repurchase accounts[161]. - The number of restricted shares held by the top ten shareholders is significant, with a total of 76,000 shares held by Yin Lei, and 60,000 shares held by Cao Qinghua[164]. - The company granted 38,000 restricted stock units to directors and executives during the reporting period, increasing the total shares held by directors from 23,305 to 61,305[168]. - The lock-up period for the restricted shares is set at 12 months (50% unlock) and 24 months (50% unlock) from the date of grant[164]. - The new shares available for trading on January 19, 2023, amount to 38,000, with an additional 30,000 shares becoming tradable on January 19, 2024[164]. - The company has not undergone any changes in controlling shareholders or actual controllers during the reporting period[169]. - The total number of restricted shares granted during the reporting period was 76,000, with no shares unlocked yet[168]. - The company has not issued any preferred shares or convertible bonds during the reporting period[176]. - The financial report indicates that there are no significant changes in the company's debt financing tools[176].

Financial Performance - The company reported no profit distribution or capital reserve transfer for the fiscal year 2021, as approved in the board meeting on April 26, 2022[6]. - The company received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The reporting period covers January 1, 2021, to December 31, 2021[15]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 25% year-over-year growth[20]. - The company's operating revenue for 2021 was approximately CNY 2.92 billion, an increase of 7.78% compared to CNY 2.71 billion in 2020[33]. - The net profit attributable to shareholders for 2021 was CNY 67.26 million, a significant recovery from a loss of CNY 266.31 million in 2020[33]. - The net cash flow from operating activities for 2021 was negative CNY 61.95 million, an improvement from negative CNY 205.27 million in 2020[33]. - The total assets at the end of 2021 were CNY 3.85 billion, reflecting an 8.65% increase from CNY 3.54 billion at the end of 2020[33]. - The basic earnings per share for 2021 was CNY 0.27, a recovery from a loss of CNY 1.12 per share in 2020[33]. - The weighted average return on equity for 2021 was 3.95%, an increase of 23.51 percentage points from -19.56% in 2020[33]. - The company reported a quarterly revenue of CNY 868.58 million in Q4 2021, contributing to a total annual revenue of CNY 2.92 billion[36]. - The company achieved a total revenue of approximately CNY 2.92 billion, an increase of CNY 211 million (7.78%) compared to the previous year[44]. - The gross profit for the period increased by approximately CNY 228 million (65.05%), with a gross margin of 19.92%[44]. - Operating expenses, including sales, R&D, and management costs, were CNY 438 million, a decrease of 14.38% year-on-year[44]. - The net profit after tax reached CNY 67.26 million, after accounting for foreign exchange losses of CNY 50.29 million and other non-recurring expenses[44]. Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[8]. - The company has detailed potential risks faced in its operations within the report[8]. - The company emphasizes the importance of investor awareness regarding investment risks related to forward-looking statements[7]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. Strategic Initiatives - The company provided guidance for the next fiscal year, projecting revenue growth of 20% to $600 million[20]. - New product launches included a next-generation optical module, expected to contribute an additional $50 million in revenue[20]. - The company is expanding its market presence in Europe, targeting a 15% market share by the end of the next fiscal year[20]. - A strategic acquisition of a smaller tech firm was completed, enhancing the company's capabilities in silicon photonics technology[20]. - The company plans to invest $100 million in expanding its manufacturing facilities to meet growing demand[20]. - The company is exploring partnerships with telecom operators to enhance its service offerings in the IoT space[20]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[33]. Research and Development - Research and development expenses increased by 10%, reflecting the company's commitment to innovation and new technology[20]. - The company made significant progress in R&D, launching new products including 100G and 400G optical modules, and expanding into 5G technology[44]. - The company is actively addressing chip shortages by adopting alternative materials and enhancing domestic sourcing[44]. - The R&D team in Japan is increasing resource investment in 800G module development to meet the growing bandwidth demands of large data centers[47]. - The company has established a global R&D center layout, enhancing collaboration among teams in China, Japan, and the United States to drive innovation[88]. Market Trends - The global telecom equipment market grew by 7% in 2021, reaching nearly $100 billion, driven by a surge in wireless revenue and double-digit growth in RAN and broadband access segments[64]. - The broadband access equipment market generated $16.3 billion in global revenue in 2021, up 12% year-on-year, with a record shipment of 140 million PON optical network terminals[64]. - The optical module market achieved a record sales of $7.32 billion in 2021, representing an 18.1% increase compared to the previous year, with Ethernet optical modules sales reaching $4.45 billion[65]. - The company’s focus on high-speed Ethernet optical modules (100G, 200G, 400G, and 800G) is expected to see a revenue growth of 33.3% in 2022[65]. - The projected user base for 5G is expected to exceed 560 million by 2023, with a target of over 40% penetration rate, indicating significant market potential for the company's products[73]. Corporate Governance - The company has established a comprehensive corporate governance framework, holding 3 shareholder meetings and 26 board meetings in 2021 to enhance decision-making processes[160]. - The company has implemented measures to mitigate foreign exchange risks, including increasing domestic market development and using USD for certain transactions[156]. - The company has a remuneration decision-making process that requires approval from the board and shareholders for implementation[182]. - The company has seen changes in its supervisory board with new appointments following the recent election[185]. - The company has not faced any penalties from securities regulatory agencies in the past three years[185]. Acquisitions and Divestitures - The company acquired 100% equity of Actiontec (New) for approximately RMB 4,918.61 million, with a discount rate of 12.26% compared to the assessed value of USD 832.04 million[135]. - The acquisition is expected to generate additional revenue of approximately RMB 1.24 billion, RMB 1.26 billion, RMB 1.32 billion, RMB 1.39 billion, and RMB 1.46 billion from 2022 to 2026, respectively[135]. - The company has divested its 100% equity in Zhejiang Cambridge Electronics Technology Co., Ltd. for RMB 25.69 million, completing the transaction by July 9, 2021[138]. - The divestment of Zhejiang Cambridge resulted in the company no longer holding any shares in the entity, which is no longer included in the consolidated financial statements[138]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[172]. - The company aims for revenue of RMB 500-600 million from the optoelectronics division in 2022[149]. - The broadband division targets a year-on-year increase in shipment volume and revenue, with a focus on securing supply agreements with major chip suppliers[149]. - The wireless division is transitioning to Wi-Fi 6 and Wi-Fi 6E products while also developing 5G CPE and data center switches based on domestic chip solutions[149]. - The company plans to increase automation efficiency by 20% and produce over 2 million GPON products in 2022[152].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 477,436,593.89, representing a decrease of 38.15% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of RMB 107,247,686.39, a decline of 489.52% year-on-year[5] - The basic earnings per share for the period was -0.42 RMB, reflecting a decrease of 483.15% compared to the previous year[5] - The company achieved operating revenue of RMB 477 million, a decrease of RMB 294 million compared to the same period last year[16] - Net profit for Q1 2022 was a loss of ¥107,247,686.39, compared to a profit of ¥27,533,537.33 in Q1 2021[30] - The basic and diluted earnings per share for Q1 2022 were both -¥0.42, compared to ¥0.11 in Q1 2021[30] Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,834,858,131.95, a slight decrease of 0.33% from the end of the previous year[5] - The equity attributable to shareholders decreased by 5.83% to RMB 1,640,953,609.29 compared to the end of the previous year[5] - The total liabilities amounted to ¥2,193,904,522.66, an increase of 4.2% from ¥2,105,188,784.10 in the previous year[27] - Current liabilities totaled RMB 1.97 billion, an increase from RMB 1.93 billion year-over-year[22] Cash Flow - The net cash flow from operating activities was RMB 20,918,101.35, with no applicable year-on-year comparison[5] - The company's cash inflow from operating activities in Q1 2022 was ¥696,964,038.82, an increase of 7.3% from ¥649,663,650.29 in Q1 2021[32] - The net cash flow from operating activities was $20,918,101.35, a significant improvement compared to a net outflow of $129,925,794.46 in the previous period[35] - Cash outflows from operating activities totaled $676,045,937.47, down from $779,589,444.75 year-over-year[35] - Cash inflows from financing activities amounted to $422,056,789.82, compared to $210,466,892.16 previously[35] Inventory and Expenses - The company reported a significant increase in prepayments to suppliers by 46.05%, indicating a strategic shift in inventory management[10] - Operating expenses for the reporting period were RMB 113 million, a decrease of approximately RMB 9.2 million compared to the same period last year[16] - Research and development expenses for Q1 2022 were ¥56,874,535.64, slightly up from ¥55,631,143.66 in Q1 2021[28] Impact of External Factors - Due to the impact of the pandemic in cities like Xi'an, Shenzhen, and Shanghai, logistics were severely disrupted, affecting the delivery of approximately RMB 680 million in orders originally planned for Q1[16] - The company has over 720 personnel in closed-loop management to ensure production continuity during the pandemic[16] Acquisitions and Investments - The company completed a 100% acquisition of Actiontec Electronics, Inc., impacting cash flow from investing activities[10] - The company plans to recognize RMB 25.05 million in revenue from Actiontec Electronics, Inc. in Q2, which was delayed from Q1 due to changes in revenue recognition timing[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,276[11]

Financial Performance - The company reported no profit distribution or capital reserve transfer for the fiscal year 2021, as approved in the board meeting on April 26, 2022[6]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 25% year-over-year growth[20]. - The company's operating revenue for 2021 was approximately CNY 2.92 billion, an increase of 7.78% compared to CNY 2.71 billion in 2020[33]. - The net profit attributable to shareholders in 2021 was CNY 67.26 million, a significant recovery from a loss of CNY 266.31 million in 2020[33]. - The gross profit for the period increased by approximately 228 million yuan, with a gross margin of 19.92%, representing a growth of 65.05% year-on-year[44]. - The company achieved a total revenue of CNY 2.92 billion in 2021, representing a 7.78% increase compared to CNY 2.71 billion in the previous year[94]. - The company reported a net cash flow from operating activities for 2021 was negative CNY 61.95 million, an improvement from negative CNY 205.27 million in 2020[33]. - The company reported a significant decrease in long-term borrowings, reducing them to zero, indicating a shift in financing strategy[125]. Audit and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company ensures the authenticity, accuracy, and completeness of the annual report, with all board members present at the meeting[4]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating a strong compliance record[186]. - The company has established a robust corporate governance framework, holding 3 shareholder meetings, 26 board meetings, and 17 supervisory meetings in 2021, enhancing decision-making processes[161]. Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[8]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company emphasizes the importance of investor awareness regarding investment risks related to forward-looking statements[7]. - The company is committed to transparency and has detailed potential risks in the management discussion section of the report[8]. Market and Product Development - User data showed a 30% increase in active users, reaching 1.2 million by the end of the fiscal year[20]. - New product launches included a next-generation optical module, expected to contribute $50 million in revenue in the upcoming year[20]. - The company is expanding its market presence in Europe, targeting a 15% market share by the end of the next fiscal year[20]. - A strategic acquisition of a smaller tech firm was completed, enhancing the company's capabilities in optical technology[20]. - The company plans to invest $20 million in expanding its manufacturing facilities to meet growing demand[20]. - The company is focusing on enhancing its supply chain efficiency, aiming to reduce costs by 5% in the next fiscal year[20]. Research and Development - Research and development expenses increased by 10%, totaling $40 million, to support innovation in silicon photonics technology[20]. - The company made significant advancements in R&D, including the development of 100G and 400G optical modules, and initiated the production of new 5G-related products[44]. - The company is actively working on the development of 400G and 800G optical modules to meet the increasing bandwidth demands of large data centers[47]. - The company has invested in R&D and accumulated multiple patents, but risks remain regarding the potential loss of core technical personnel and technology leaks[156]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1]. - The company is actively exploring new business opportunities in sectors such as vehicle networking and smart healthcare, achieving breakthroughs in the second half of the year[53]. - The company aims to establish a world-class international service platform for ICT industry cooperation and smart production, focusing on advanced R&D and smart manufacturing[147]. - The company is focusing on strategic technology reserves including high-speed optical modules and next-generation PON terminals to explore new markets[147]. Human Resources and Governance - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 10.2662 million yuan[183]. - The remuneration decision process for directors and senior management is based on industry salary levels, regional development conditions, and job responsibilities[183]. - The company has a performance evaluation system in place to determine the remuneration of directors and senior management, linking actual payment amounts to their performance[183]. - The company has seen changes in its board composition, with several directors and independent directors being re-elected or newly appointed during the recent election cycle[183]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 20% to $600 million[20]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[173]. - The company plans to enhance its operational management capabilities to meet increasing customer expectations, including improving delivery accuracy and material management[153].