Financial Performance - The company's operating revenue for the first half of 2018 was approximately RMB 2.27 billion, representing a 15.47% increase compared to RMB 1.97 billion in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2018 was approximately RMB 391.12 million, an increase of 23.82% from RMB 315.88 million in the previous year[21]. - Basic earnings per share for the first half of 2018 were RMB 0.96, reflecting a growth of 24.68% compared to RMB 0.77 in the same period last year[20]. - Operating profit for the same period was 470 million yuan, an increase of 22.53% year-on-year[42]. - The company achieved a revenue of 2.275 billion yuan in the first half of 2018, representing a year-on-year growth of 15.47%[42]. - The company reported a total comprehensive income of ¥115,214,875.41 for the current period, compared to ¥77,820,337.42 in the previous period[116]. - The company reported a total equity attributable to shareholders of 2,861,502,895.00 RMB at the end of the reporting period[126]. Cash Flow and Investments - The net cash flow from operating activities for the first half of 2018 was approximately RMB 294.65 million, a slight increase of 1.74% from RMB 289.61 million in the same period last year[21]. - The company reported a significant increase in cash flow from operating activities, generating a net amount of ¥294,653,300.62, slightly up from ¥289,611,884.67 in the previous period[118]. - Investment activities resulted in a net cash outflow of ¥354,805,692.40, improving from a net outflow of ¥508,227,520.95 in the previous period[119]. - The cash paid for the acquisition of subsidiaries and other business units was 810,766,562.50 RMB, indicating a substantial investment in growth[122]. Assets and Liabilities - The company's total assets as of June 30, 2018, were approximately RMB 5.22 billion, a 9.28% increase from RMB 4.78 billion at the end of the previous year[21]. - The company's total liabilities increased by 24.96% to ¥1,072,770,044.63, attributed to higher procurement scale[53]. - Total current assets increased to CNY 3,307,426,755.77 from CNY 3,046,420,972.49, representing a growth of approximately 8.56%[105]. - Total liabilities rose to CNY 1,757,188,109.10 from CNY 1,500,958,660.07, marking an increase of around 17.06%[107]. Market Position and Strategy - The company ranks 10th in the China PCB industry and 31st among the global top PCB manufacturers, indicating a steady improvement in its market position[33]. - The company is focusing on expanding its market presence and optimizing production efficiency through continuous improvement initiatives[21]. - The company has established a global market strategy, with a diverse customer base across various industries, including automotive electronics and consumer electronics[38]. - The company aims to meet one-stop procurement needs for end customers, contributing to steady growth in revenue and net profit[28]. Research and Development - The company holds 68 invention patents and 167 utility model patents, demonstrating its commitment to research and development[40]. - Research and development expenses amounted to ¥108,089,429.12, reflecting a 30.93% increase compared to ¥82,554,663.41 in the previous year[49]. - The company successfully filed for 34 new patents and developed 8 non-patented technologies during the reporting period[46]. Environmental Compliance - The company has established a stable operation for its wastewater treatment facilities, ensuring compliance with environmental regulations[84]. - The company has implemented a classification and quality-based collection and treatment system for wastewater, currently categorizing it into 12 types[85]. - The company has obtained the "Guangdong Province Pollution Discharge Permit" with the number 4403012010000186, ensuring compliance with environmental regulations[86]. Corporate Governance - The company appointed Tianzhi International Accounting Firm as the auditor for the 2018 fiscal year, approved by the 2017 annual shareholders' meeting[72]. - There were no significant lawsuits or arbitration matters during the reporting period[72]. - The company has committed to not directly or indirectly engage in any business that competes with its subsidiaries, ensuring no potential competition arises[66]. Shareholder Information - The total number of common stock shareholders reached 8,110 by the end of the reporting period[94]. - The largest shareholder, Shenzhen Jinghong Yongtai Investment Holdings Co., Ltd., holds 152,014,080 shares, representing 37.26% of total shares, with 13,000,000 shares pledged[96]. - The report indicates that the shares held by major shareholders are subject to lock-up conditions until January 7, 2020[99].

Financial Performance - Net profit attributable to shareholders rose by 3.38% to CNY 156,256,964.47 year-on-year[6] - Operating revenue grew by 8.93% to CNY 985,420,742.14 compared to the same period last year[6] - Basic earnings per share increased by 2.70% to CNY 0.38[6] - Total operating revenue for Q1 2018 was CNY 985,420,742.14, an increase of 8.93% compared to CNY 904,634,323.36 in the same period last year[26] - Net profit for Q1 2018 reached CNY 156,256,964.47, up 3.5% from CNY 151,141,600.89 in Q1 2017[28] - Operating profit for Q1 2018 was CNY 188,329,671.71, slightly higher than CNY 187,089,194.98 in the previous year[27] - The company reported a total comprehensive income of CNY 156,256,964.47 for Q1 2018, up from CNY 151,141,600.89 in Q1 2017[28] Assets and Liabilities - Total assets increased by 3.80% to CNY 4,959,155,815.07 compared to the end of the previous year[6] - Total liabilities increased to CNY 1,526,460,862.01 from CNY 1,500,958,660.07, representing a rise of 1.51%[22] - Current liabilities totaled CNY 1,445,820,322.76, slightly up from CNY 1,422,014,836.71, indicating a growth of 1.67%[22] - Non-current assets reached CNY 1,798,093,583.41, compared to CNY 1,730,975,676.17 at the start of the year, marking an increase of 3.91%[22] - Cash and cash equivalents were reported at CNY 453,164,391.79, up from CNY 376,973,739.25, showing a growth of 20.23%[23] Cash Flow - Net cash flow from operating activities increased by 1.48% to CNY 203,062,313.42[6] - The net cash flow from operating activities for Q1 2018 was ¥83,075,267.30, an increase of 96.3% compared to ¥42,370,086.57 in the previous period[34] - Total cash inflow from operating activities was ¥563,528,155.94, up 23.7% from ¥455,579,973.70 in the same period last year[34] - The cash outflow for investing activities was ¥16,035,057.30, significantly lower than ¥840,703,938.75 in the previous period, indicating a reduction in investment spending[34] - The net cash flow from financing activities improved by 65.66% to -¥31,999,834.85 compared to the previous period, mainly due to lower loan repayments[17] Shareholder Information - The total number of shareholders reached 8,583 at the end of the reporting period[11] - The largest shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., holds 37.26% of the shares[11] Expenses - Sales expenses grew by 29.65% to ¥35,834,189.21 driven by market expansion and increased sales scale[16] - Management expenses increased by 31.57% to ¥100,502,919.89 due to upfront investments in the Jiangxi Jingwang Phase II project and increased R&D costs[16] - Financial expenses surged by 508.87% to ¥13,450,782.13 primarily due to increased exchange losses from RMB appreciation against the USD[16] Other Financial Metrics - Non-recurring gains and losses totaled CNY 4,326,640.77 for the period[10] - Other income rose by 92.70% to ¥8,083,684.42 mainly from increased government subsidies received[16] - Accounts receivable decreased by 10.72% to ¥1,162,725,258.66 due to improved collection rates[15] - Prepayments increased by 161.82% to ¥15,728,030.94 primarily due to increased advance payments for electronic components[15] - Other receivables rose by 46.88% to ¥25,278,520.14 mainly from increased export tax rebates and VAT deposits[15] - Fixed asset clearance increased by 41.63% to ¥2,852,879.12 due to the retirement of obsolete equipment from production line upgrades[15] Future Plans - The company plans to invest in a PCB production base in Zhuhai, with an environmental impact report approved for a capacity of 3 million square meters of high-density PCBs and 200 million square meters of flexible PCBs[18]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 204 million for the 2017 fiscal year[6]. - The interim dividend for 2017 was RMB 2.00 per 10 shares, amounting to RMB 81.6 million, which has already been distributed[6]. - The cash dividend policy stipulates that at least 20% of the distributable profit must be distributed in cash if certain conditions are met, including profitability and no major capital expenditures[89]. - In 2017, the company distributed a cash dividend of 7.00 RMB per 10 shares, with a payout ratio of 43.29% of net profit[91]. - The company plans to maintain a minimum cash dividend distribution of 40% of the total profit distribution if there are no significant investment plans[90]. Financial Performance - The company's operating revenue for 2017 was CNY 4,192,017,811.27, representing a year-on-year increase of 27.68% compared to CNY 3,283,195,794.98 in 2016[22]. - Net profit attributable to shareholders of the listed company reached CNY 659,735,093.35, up 22.75% from CNY 537,459,011.72 in the previous year[22]. - The diluted earnings per share for 2017 was CNY 1.62, an increase of 8.72% from CNY 1.49 in 2016[24]. - The total profit reached 800 million yuan, with a year-on-year increase of 22.49%[42]. - The total operating costs were ¥3,441,577,526.52, which is a 29.86% increase year-on-year[48]. Risk Management - The company reported no significant operational risks that could materially affect its business during the reporting period[8]. - The company has a comprehensive risk management strategy in place to address potential operational risks[8]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements in the report[7]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[8]. - The company faces risks from fluctuations in raw material prices, which significantly impact production costs due to high reliance on materials like copper and gold[86]. Research and Development - R&D expenses amounted to 198.84 million yuan, an increase of 55.47% from 2016[43]. - The company holds a total of 58 invention patents and 143 utility model patents as of December 31, 2017[44]. - The company has developed high-density multilayer flexible boards and high-frequency 5G antenna boards among other advanced technologies[43]. - The company plans to enhance its R&D capabilities focusing on technologies related to 5G, automotive electronics, and the Internet of Things[81]. - The company is committed to strengthening its technical team and fostering partnerships with research institutions to enhance innovation[81]. Market Position and Strategy - The company focuses on the printed circuit board (PCB) industry, engaging in R&D, production, and sales of various types of PCBs, including double-sided and multi-layer rigid boards, flexible boards, and metal-based boards[31]. - The company has seen a steady increase in market share, ranking 10th in the Chinese PCB industry in 2016 with a market share of 1.3%, up from 1.97% in 2015[35]. - The PCB industry is characterized by low cyclicality due to its wide application across various sectors, including consumer electronics, automotive electronics, and industrial control[34]. - The company has developed a core competitive advantage through its product strategy, focusing on rigid boards while expanding into flexible and metal-based boards, positioning itself as a major player in the FPC and MPCB markets[36]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[195]. Corporate Governance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management, ensuring compliance with relevant laws and regulations[161]. - The company has committed to maintaining transparency and accountability in its financial reporting and operational practices[96]. - The company will not engage in related party transactions that could harm shareholder interests, adhering to strict disclosure and approval processes[95]. - The company has established a commitment to comply with relevant laws regarding employee social insurance and housing fund contributions, with a liability sharing ratio of 46.5% for certain stakeholders[96]. - The company has a clear strategy to manage potential penalties related to employee benefits, ensuring financial responsibility[96]. Environmental Responsibility - The company has invested approximately 54.1 million RMB in environmental protection measures during the reporting period[120]. - The company has been recognized as a "Green Environmental Demonstration Enterprise" for its commitment to clean production[120]. - The company achieved a 100% compliance rate for all pollutant emissions during the reporting period, meeting environmental assessment requirements[121]. - The total annual COD emission was 14.7 tons, with a concentration of 69.5 mg/L, adhering to the discharge standards[121]. - The total annual VOCs emission was 377.9 kg, with a concentration of 0.48 mg/m3, in line with environmental regulations[123]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,203, an increase from 9,803 at the end of the previous month[132]. - The largest shareholder, Shenzhen Jinghong Yongtai Investment Co., Ltd., holds 152,014,080 shares, representing 37.26% of the total shares[134]. - The company did not issue any convertible bonds during the reporting period[129]. - The controlling shareholder is Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., established in 2012, primarily engaged in equity investment and entrusted asset management[138]. - The company has no reported mergers or acquisitions during the reporting period[142]. Internal Controls and Audit - The internal control self-assessment report was disclosed on April 2, 2018, with no significant deficiencies reported[168]. - The internal control audit report was issued by Tianzhi International Accounting Firm, confirming the effectiveness of internal controls[169]. - The financial statements for the year ended December 31, 2017, were audited and found to fairly present the company's financial position[171]. - The audit report confirmed that there were no significant misstatements in the financial statements based on the audit procedures performed[178]. - Management is responsible for ensuring the financial statements fairly reflect the company's financial position and performance[179].

Financial Performance - Revenue for the first nine months reached CNY 3,083,783,138.27, a 28.50% increase compared to the same period last year[6] - Net profit attributable to shareholders increased by 26.09% to CNY 516,529,497.04 year-on-year[6] - Basic and diluted earnings per share rose by 11.40% to CNY 1.27[7] - The company's operating revenue for Q3 2017 was CNY 633,339,991.51, an increase of 27.2% compared to CNY 497,851,706.61 in Q3 2016[31] - The net profit attributable to the parent company for Q3 2017 was CNY 200,652,677.71, up 21.5% from CNY 165,119,984.41 in Q3 2016[30] - The total profit for Q3 2017 was CNY 241,143,468.44, an increase of 20.7% from CNY 199,806,038.35 in Q3 2016[32] - Net profit for the first nine months of 2017 was ¥586,000,000, up from ¥486,000,000 in the same period last year, indicating a year-over-year growth of approximately 20.6%[27] Assets and Liabilities - Total assets increased by 5.46% to CNY 4,573,816,790.23 compared to the end of the previous year[6] - Total liabilities as of September 30, 2017, were ¥1,310,955,490.85, up from ¥1,068,285,589.80 at the beginning of the year, representing a growth of approximately 22.7%[23] - Cash and cash equivalents decreased by 31.79% to ¥930,104,384.20 from ¥1,363,655,685.33 due to profit distribution and repayment of bank loans[12] - Cash and cash equivalents at the end of Q3 2017 stood at CNY 900,927,786.93, down from CNY 298,324,001.77 at the same time last year, a decrease of 69.8%[37] Cash Flow - Operating cash flow increased by 39.12% to CNY 456,659,811.87 for the first nine months of the year[6] - Net cash flow from operating activities for the first nine months of 2017 was CNY 456,659,811.87, compared to CNY 328,250,550.85, indicating a rise of 39.0%[36] - Cash inflow from operating activities for the first nine months of 2017 was CNY 3,196,191,285.97, up from CNY 2,223,913,392.45, reflecting a growth of 43.7%[36] - Cash outflow from investment activities for the first nine months of 2017 totaled CNY 1,274,678,241.52, significantly higher than CNY 232,680,697.52 in the previous year, marking an increase of 448.5%[37] - Net cash flow from investment activities was negative CNY 306,074,962.55 for the first nine months of 2017, worsening from negative CNY 152,110,504.66 year-over-year[37] Shareholder Information - The total number of shareholders reached 11,413 by the end of the reporting period[10] - The largest shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., holds 37.26% of the shares[10] Inventory and Receivables - Inventory increased by 43.85% to ¥491,642,495.09 from ¥341,780,197.59, driven by higher sales volume[12] - Accounts receivable notes increased by 59.94% to ¥329,634,179.29 from ¥206,094,377.31 as a result of changes in note management practices[12] - Other receivables rose by 125.06% to ¥27,194,304.04 from ¥12,083,313.60 due to payments for land auction deposits[12] Financial Expenses and Income - The company's financial expenses surged by 101.99% to ¥12,471,511.11, mainly due to exchange rate losses from the appreciation of the RMB against the USD[14] - Investment income increased significantly by 7031.32% to ¥4,649,229.31, attributed to higher interest income from financial products[14] - The company reported a government subsidy income of CNY 45,144,615.15 for the first nine months[8] Future Plans - The company plans to issue A-share convertible bonds to raise up to ¥978 million for the construction of a high-density, multi-layer, flexible, and metal-based circuit board project[15] - Investment in the establishment of Jingwang Electronic Technology (Zhuhai) Co., Ltd. is projected at ¥1.36 billion, with fixed asset investment not less than ¥1 billion[15]

Financial Performance - The company's revenue for the first half of the year reached ¥1,969,983,181.19, representing a 31.52% increase compared to the same period last year[22]. - Net profit attributable to shareholders increased by 29.17% to ¥315,876,819.33, driven by enhanced production capacity and market expansion efforts[22]. - The basic earnings per share rose to ¥0.77, reflecting a growth of 13.24% year-over-year[21]. - Operating cash flow increased by 45.36% to ¥289,611,884.67, primarily due to higher sales revenue[22]. - The company's weighted average return on equity decreased by 6.4 percentage points to 10.56%[21]. - The net assets attributable to shareholders grew by 5.34% to ¥3,014,179,714.57 compared to the end of the previous year[22]. - The company reported a total revenue of approximately 206.38 million USD for the first half of 2017, with a net profit of around 12.99 million USD, indicating a strong performance in the electronic components sector[50]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares, totaling 81,600,000.00 CNY (including tax) based on a total share capital of 408,000,000 shares as of June 30, 2017[5]. - The company reported a 10.75% increase in undistributed profits, reaching ¥1,493,059,487.42, compared to ¥1,348,164,701.83 in the previous period[47]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO, with specific conditions for share reduction thereafter[56]. - Shareholders are restricted from transferring more than 25% of their shares annually after the first 12 months post-IPO, with prior notice required for any reductions[59]. - The company has established a lock-up period of 36 months for certain shareholders, with automatic extensions under specific conditions related to stock price performance[56]. Operational Strategy and Market Position - The company focuses on the printed circuit board industry, offering a range of products including multilayer rigid boards and flexible boards[27]. - The production model is based on "sales-driven production," aligning manufacturing with customer orders[29]. - The company aims to expand its market share by maintaining strong relationships with existing clients and actively seeking new customers[29]. - The printed circuit board (PCB) manufacturing industry has seen significant growth due to rising demand from various sectors, including consumer electronics, automotive, and IoT, driven by increased household income and product accessibility[30]. - The company ranks 10th in the PCB industry according to the China Electronic Circuit Industry Association and 2nd among domestic companies, with a global ranking of 32nd as per N.T. Information[32]. Research and Development - Research and development expenses amounted to CNY 82,554,663.41, reflecting a significant increase of 61.16% compared to the previous year[43]. - The company has developed 4 new invention patents and 8 utility model patents during the reporting period, enhancing its intellectual property portfolio[37]. - The company has launched advanced products such as high-density flexible boards and metal-based thermal management boards, catering to sectors like automotive electronics and medical devices[35]. - The company has developed a robust R&D framework, recognized as a national high-tech enterprise, with numerous patents and industry standards established, enhancing its technological edge[35]. Environmental Compliance - The company has continuously invested in environmental protection facilities to ensure compliance with pollution discharge standards[70]. - The company has been recognized as a "Clean Production Enterprise" in Shenzhen and Guangdong Province, maintaining compliance with clean production audits[71]. - The company achieved a total COD discharge of 6133.32 KG/year with a concentration of 58.83 mg/L, meeting the discharge standards[72]. - The company has implemented a wastewater treatment facility that utilizes a combination of physical and biological treatment methods[75]. - The company is focused on enhancing its pollution control facilities to meet stricter environmental regulations[76]. Financial Position and Assets - As of June 30, 2017, the company's total assets amounted to CNY 4,408,170,174.90, an increase from CNY 4,336,863,776.47 at the beginning of the period, reflecting a growth of approximately 1.65%[104]. - The company's cash and cash equivalents decreased to CNY 663,515,637.38 from CNY 1,363,655,685.33, representing a decline of about 51.3%[103]. - Accounts receivable increased to CNY 1,184,791,525.29 from CNY 1,065,612,831.27, showing a growth of approximately 11.2%[103]. - Inventory rose to CNY 411,680,469.22 from CNY 341,780,197.59, indicating an increase of around 20.4%[103]. - The company's equity attributable to shareholders increased to CNY 3,014,179,714.57 from CNY 2,861,502,895.24, reflecting a growth of approximately 5.3%[105]. Corporate Governance - All board members attended the board meeting, ensuring the report's accuracy and completeness[3]. - The company has conducted two shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[54]. - The company appointed Tianzhi International Accounting Firm as the financial audit institution for the year 2017[63]. - There were no significant lawsuits or arbitration matters during the reporting period[63]. Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[8]. - The company has detailed various risks and countermeasures in the report, particularly in the section discussing future development risks[8]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not provided guarantees in violation of regulatory decision-making procedures[7].

Financial Performance - Operating income rose by 33.01% to CNY 904,634,323.36 year-on-year[6] - Net profit attributable to shareholders increased by 46.41% to CNY 151,141,600.89 compared to the same period last year[6] - Basic earnings per share increased by 27.59% to CNY 0.37[6] - Total operating revenue for the current period reached ¥904,634,323.36, a 33% increase from ¥680,118,028.21 in the previous period[27] - Operating profit was ¥182,894,341.05, representing a 47% increase compared to ¥124,020,998.08 in the prior period[27] - Net profit attributable to the parent company was ¥151,141,600.89, a 46% rise from ¥103,230,329.67 in the same period last year[27] - The company reported a total profit of ¥186,412,863.17, up from ¥126,006,673.06 year-over-year[27] Cash Flow - Cash flow from operating activities surged by 125.42% to CNY 200,099,866.56 year-on-year[6] - Operating cash inflow for the first quarter was CNY 898,104,413.89, an increase from CNY 632,988,347.88 in the previous year, representing a growth of approximately 42%[33] - Net cash flow from operating activities was CNY 200,099,866.56, up from CNY 88,768,397.01 year-over-year, reflecting a growth of over 125%[33] - Cash inflow from operating activities for the parent company was CNY 455,579,973.70, compared to CNY 283,566,977.06 in the previous year, marking an increase of approximately 61%[35] - Cash flow from financing activities resulted in a net outflow of CNY -94,698,786.33, contrasting with a net inflow of CNY 23,065,495.65 in the previous year[34] Assets and Liabilities - Total assets increased by 5.57% to CNY 4,578,579,797.76 compared to the end of the previous year[6] - Total current assets increased to CNY 3,148,577,432.81 from CNY 2,997,322,055.86, representing a growth of approximately 5.04%[19] - Total non-current assets reached CNY 1,430,002,364.95, up from CNY 1,339,541,720.61, indicating an increase of about 6.77%[20] - Total current liabilities increased to CNY 1,482,377,606.01 from CNY 1,244,118,130.00, which is an increase of about 19.16%[21] - Total liabilities reached CNY 1,565,935,301.63, up from CNY 1,475,360,881.23, reflecting an increase of approximately 6.12%[21] - Owner's equity increased to CNY 3,012,644,496.13 from CNY 2,861,502,895.24, representing a growth of about 5.27%[21] Shareholder Information - The number of shareholders reached 24,363 at the end of the reporting period[10] - The top shareholder, Shenzhen Jinghong Yongtai Investment Co., Ltd., holds 37.26% of the shares[10] Operational Metrics - Accounts receivable increased by 55.53% to ¥320,528,318.53 due to changes in note management practices[12] - Prepayments rose by 38.73% to ¥11,231,392.15 primarily due to increased material payments[12] - Construction in progress surged by 249.71% to ¥7,308,603.01 driven by preliminary engineering investments in a new factory[12] - Operating costs increased by 30.28% to ¥610,061,840.54, with a lower growth rate compared to revenue[14] - Gross profit margin improved due to optimized order structure and cost control measures[14] Investment Activities - Investment cash flow decreased by 95.96% to -¥161,357,254.31 due to significant increases in equipment procurement payments[15] - Net cash outflow from investing activities was CNY -161,357,254.31, compared to CNY -82,340,973.21 in the same period last year, indicating a significant increase in investment expenditures[34] - Cash inflow from other investment activities was CNY 1,500,000.00, while cash outflow for investment activities totaled CNY 840,703,938.75, leading to a net cash flow of CNY -838,857,088.75[36] Tax and Expenses - Income tax expenses for the current period were ¥35,271,262.28, compared to ¥22,776,343.39 in the previous period[27] - The company experienced a decrease in financial expenses, reporting ¥2,209,142.12, down from ¥8,438,795.41 in the prior year[27] Future Outlook - The company anticipates no significant changes in cumulative net profit compared to the previous year[17] - The company is focusing on expanding its market presence and enhancing product development strategies[27]

Financial Performance - The company's operating revenue for 2016 was RMB 3,283,195,794.98, representing a year-on-year increase of 22.63% compared to RMB 2,677,309,711.20 in 2015[19]. - The net profit attributable to shareholders of the listed company reached RMB 537,459,011.72, an increase of 27.22% from RMB 422,453,388.76 in the previous year[19]. - The net cash flow from operating activities was RMB 541,051,721.78, showing a decrease of 4.30% compared to RMB 565,345,288.27 in 2015[19]. - The total assets at the end of 2016 were RMB 4,336,863,776.47, a significant increase of 61.85% from RMB 2,679,633,631.41 at the end of 2015[19]. - The net assets attributable to shareholders of the listed company increased by 108.94% to RMB 2,861,502,895.24 from RMB 1,369,560,692.64 in 2015[19]. - Basic earnings per share for 2016 were RMB 1.49, up 27.35% from RMB 1.17 in 2015[20]. - The total profit for the year was ¥653,378,178.99, reflecting a growth of 28.98% compared to the previous year[44]. - The company reported a total comprehensive income of ¥537,459,011.72, up from ¥422,677,175.55 in 2015, showing a growth of 27.1%[190]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares, totaling RMB 163,200,000.00, based on a total share capital of 408,000,000 shares as of December 31, 2016[4]. - For the year 2016, the company plans to distribute cash dividends of RMB 163.2 million, which represents 30.37% of the net profit attributable to ordinary shareholders[99]. - In 2015, the company distributed cash dividends totaling RMB 100.8 million, amounting to RMB 2.80 per share, based on a total share capital of 360 million shares[98]. Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[6]. - The company has outlined various risks and countermeasures in the report, particularly in the section discussing future development[6]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[6]. Corporate Governance - The company has established a mechanism to avoid any potential competition with its controlling shareholders if they expand their business scope[106]. - The commitments made by the shareholders are effective from the date of signing and will remain valid as long as they are controlling shareholders of the company[107]. - The company has a complete governance structure, ensuring independent operation without interference from major shareholders[168]. Research and Development - The company invested RMB 12,789.57 million in R&D, focusing on technologies such as 24G/77G automotive radar microwave boards and HDI+ semi-flexible rigid boards, resulting in 16 new invention patents and 33 utility model patents in 2016[42]. - Research and development expenses increased by 38.86% to ¥127,895,709.57, indicating a focus on innovation[48]. - The company has a well-structured product line, with significant capabilities in rigid, flexible, and metal-based PCBs, enhancing its market competitiveness[34]. Environmental Responsibility - The company invested RMB 27.68 million in environmental protection during the reporting period, ensuring compliance with legal discharge standards[123]. - The company achieved a 100% compliance rate for pollutant discharge indicators as verified by local environmental protection authorities[126]. - The company has established a complete environmental management system in accordance with ISO 14001 standards[124]. Market Position and Strategy - The company focuses on the printed circuit board (PCB) industry, engaging in R&D, production, and sales of various types of PCBs, including double-sided and multi-layer rigid boards, flexible boards, and metal-based boards[27]. - The PCB industry is experiencing robust growth driven by increasing demand in downstream sectors such as consumer electronics and automotive industries[31]. - The company aims to expand its market share by responding to customized and personalized demands in the electronic information industry[77]. Shareholder Information - The total number of ordinary shareholders increased from 24,363 to 43,122 during the reporting period[141]. - The largest shareholder, Shenzhen Jinghong Yongtai Investment Co., Ltd., holds 152,014,080 shares, representing 37.26% of total shares[144]. - The company has a lock-up period of 36 months for shares held by major shareholders following the IPO[146]. Employee and Community Engagement - The company employed a total of 3,807 people across its subsidiaries in Longchuan, with 2,866 being local residents, representing 75.28% of the workforce[122]. - The company continues to hire labor from impoverished areas, contributing to local employment and alleviating poverty[122]. - The company has actively participated in poverty alleviation activities, directly funding impoverished areas with a total of RMB 450,000[123].