[Important Notes](index=3&type=section&id=I.%20Important%20Notes) The board confirms the report's accuracy, and the financial statements for Q1 2021 are unaudited - The company's Board of Directors, Supervisory Committee, and all senior executives guarantee the truthfulness, accuracy, and completeness of this quarterly report's content, with no false information[14](index=14&type=chunk) - The company's Q1 2021 report is **unaudited**[17](index=17&type=chunk) [Company Profile](index=3&type=section&id=II.%20Company%20Profile) This section outlines the company's key financial data for Q1 2021 and its shareholder structure [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In Q1 2021, revenue grew 22.38% year-over-year, while net profit attributable to shareholders declined 9.29%, but operating cash flow significantly improved by 474.55% Key Financial Data for Q1 2021 | Metric | Current Period (RMB) | Prior Year Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 313,690,082.88 | 256,320,759.49 | 22.38% | | Net Profit Attributable to Shareholders | 18,638,933.59 | 20,546,761.08 | -9.29% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 15,201,914.28 | 17,998,429.74 | -15.54% | | Net Cash Flow from Operating Activities | 366,440,423.73 | 63,778,967.69 | 474.55% | | Basic Earnings Per Share (RMB/share) | 0.10 | 0.12 | -16.67% | | Weighted Average Return on Equity | 1.51% | 2.00% | Decreased by 0.49 percentage points | - Non-recurring gains and losses for the period totaled **RMB 3,437,019.31**, primarily composed of government subsidies amounting to **RMB 4,906,099.91**[20](index=20&type=chunk) [Shareholder Information](index=4&type=section&id=2.2%20Shareholder%20Information) As of the period end, the company had 15,515 shareholders, with controlling shareholder Mr. Sun Feng and his spouse jointly controlling the company, and institutional investors among the top ten - As of the end of the reporting period, the total number of shareholders was **15,515**[21](index=21&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Number of Shares (shares) | Shareholding Ratio (%) | | :--- | :--- | :--- | | Sun Feng | 105,388,800 | 58.80 | | Zeng Hui | 6,012,000 | 3.35 | | National Social Security Fund Portfolio 116 | 3,134,975 | 1.75 | | Suzhou Saiwei Investment Management Center (Limited Partnership) | 3,100,000 | 1.73 | | Zhou Xueqin | 1,818,263 | 1.01 | | Hong Kong Securities Clearing Company Ltd. | 1,781,699 | 0.99 | | Zhang Xi | 1,695,690 | 0.95 | | Chen Xuexing | 1,331,881 | 0.74 | | Foresea Life Insurance Co., Ltd. - Participating Insurance Product | 999,930 | 0.56 | | Zhu Jinlong | 977,100 | 0.55 | - The company's controlling shareholder, **Mr. Sun Feng**, and shareholder **Ms. Zeng Hui** are in a spousal relationship[23](index=23&type=chunk) [Significant Matters](index=5&type=section&id=III.%20Significant%20Matters) This section details significant changes in the company's financial statement items and provides reasons for these fluctuations [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=5&type=section&id=3.1%20Analysis%20of%20Significant%20Changes%20in%20Key%20Accounting%20Statement%20Items%20and%20Financial%20Indicators%20and%20Their%20Causes) During the reporting period, significant fluctuations occurred across financial statements, including a 113.75% rise in cash, a 1411.98% surge in financial expenses, and a 474.55% increase in operating cash flow [Analysis of Balance Sheet Item Changes](index=5&type=section&id=1.%20Analysis%20of%20Major%20Changes%20in%20Balance%20Sheet%20Items) Key balance sheet changes were in current assets and liabilities, highlighted by a 113.75% increase in cash due to sales collections and a corresponding 35.92% decrease in accounts receivable Major Changes in Balance Sheet Items and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Cash and Cash Equivalents | 113.75% | Increased collection of matured receivables during the period | | Trading Financial Assets | -45.02% | Redemption of matured wealth management products during the period | | Derivative Financial Assets | -48.81% | Partial expiration of forward foreign exchange contracts, reducing future gains | | Accounts Receivable | -35.92% | Increased collection of matured receivables during the period | | Accounts Receivable Financing | 63.60% | Increased use of acceptance bills for collecting payments | | Other Current Assets | 79.96% | Increase in input VAT credits to be deducted and prepaid corporate income tax | | Construction in Progress | 31.42% | Increased prepayment for infrastructure at the Kunshan Pingcheng subsidiary plant | | Contract Liabilities | 37.52% | Increase in customer prepayments received | | Other Comprehensive Income | 194.42% | Impact of foreign currency translation differences | [Analysis of Income Statement Item Changes](index=6&type=section&id=2.%20Analysis%20of%20Major%20Changes%20in%20Income%20Statement%20Items) Core income statement changes were driven by a 1411.98% surge in financial expenses from interest and FX fluctuations and a significant increase in investment income from matured derivatives Major Changes in Income Statement Items and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Selling Expenses | 54.57% | Increased salaries for sales personnel during the period | | Financial Expenses | 1411.98% | Increased loan interest and significant exchange rate fluctuations | | Other Income | 45.27% | Increased government subsidies received during the period | | Investment Income | 31833.45% | Increased income from matured derivative financial assets | | Gain on Disposal of Assets | -215.01% | Increased loss on the sale of fixed assets during the period | | Non-operating Income | 211.72% | Accounts payable no longer required to be paid were recognized as income | | Non-operating Expenses | 781.65% | Increased expenses unrelated to daily activities | [Analysis of Cash Flow Statement Item Changes](index=7&type=section&id=3.%20Analysis%20of%20Major%20Changes%20in%20Cash%20Flow%20Statement%20Items) The cash flow statement shows significantly improved operating cash flow, with cash from sales up 170.21%, alongside major changes in investment and financing activities Major Changes in Cash Flow Statement Items and Reasons | Item | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | | Cash Received from Sales of Goods and Rendering of Services | 170.21% | Increased collection of matured receivables during the period | | Cash Paid for Goods and Services | 177.58% | Increased payments for material procurement during the period | | Cash Received from Return on Investments | 3009.38% | Increased cash flow from the redemption of wealth management products | | Cash Paid for Investments | 839.56% | Increased cash outflow for purchasing wealth management products | | Cash Paid for Repayment of Debts | 4053.58% | Repayment of a portion of borrowings during the period | | Cash Paid for Distribution of Dividends, Profits or Payment of Interest | 136.22% | Increased payment of loan interest during the period | [Appendix](index=9&type=section&id=IV.%20Appendix) This appendix contains the unaudited consolidated and parent company financial statements for Q1 2021 [Financial Statements](index=9&type=section&id=4.1%20Financial%20Statements) This section provides the unaudited Q1 2021 consolidated and parent company financial statements, including the balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=9&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2021, total assets were RMB 3.27 billion, total liabilities were RMB 1.98 billion, and equity attributable to the parent company was RMB 1.24 billion Consolidated Balance Sheet Summary (March 31, 2021) | Item | Amount (RMB) | | :--- | :--- | | **Assets** | | | Total Current Assets | 2,157,734,523.97 | | Total Non-current Assets | 1,111,462,270.10 | | **Total Assets** | **3,269,196,794.07** | | **Liabilities and Equity** | | | Total Current Liabilities | 1,757,238,117.07 | | Total Non-current Liabilities | 223,948,405.12 | | **Total Liabilities** | **1,981,186,522.19** | | Equity Attributable to Parent Company | 1,241,147,307.39 | | Minority Interest | 46,862,964.49 | | **Total Equity** | **1,288,010,271.88** | | **Total Liabilities and Equity** | **3,269,196,794.07** | [Consolidated Income Statement](index=13&type=section&id=Consolidated%20Income%20Statement) In Q1 2021, the company achieved revenue of RMB 314 million, a 22.38% YoY increase, but net profit attributable to parent shareholders fell 9.29% to RMB 18.64 million due to rising costs Consolidated Income Statement Summary (Q1 2021) | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 313,690,082.88 | 256,320,759.49 | | II. Total Operating Costs | 304,601,977.16 | 240,860,613.84 | | Including: Cost of Goods Sold | 172,429,207.09 | 131,691,179.18 | | Selling Expenses | 39,128,851.32 | 28,226,436.55 | | Financial Expenses | 12,428,846.33 | 822,024.15 | | III. Operating Profit | 21,103,949.05 | 25,037,086.71 | | IV. Total Profit | 20,685,930.32 | 25,016,623.39 | | Less: Income Tax Expense | 1,466,647.79 | 2,366,444.38 | | V. Net Profit | 19,219,282.53 | 22,650,179.01 | | Net Profit Attributable to Parent Company Shareholders | 18,638,933.59 | 20,546,761.08 | [Consolidated Cash Flow Statement](index=17&type=section&id=Consolidated%20Cash%20Flow%20Statement) The company's cash flow was strong in Q1 2021, with net operating cash flow increasing 474.55% to RMB 366 million, resulting in a closing cash balance of RMB 651 million Consolidated Cash Flow Statement Summary (Q1 2021) | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | **I. Net Cash Flow from Operating Activities** | **366,440,423.73** | **63,778,967.69** | | Cash Received from Sales of Goods and Rendering of Services | 863,497,657.01 | 319,571,083.87 | | Cash Paid for Goods and Services | 301,683,290.10 | 108,684,568.21 | | **II. Net Cash Flow from Investing Activities** | **6,382,122.96** | **-29,548,338.78** | | **III. Net Cash Flow from Financing Activities** | **-10,122,734.59** | **152,131,769.30** | | IV. Effect of Exchange Rate Changes on Cash | 2,758,423.09 | 5,395,896.67 | | **V. Net Increase in Cash and Cash Equivalents** | **365,458,235.19** | **191,758,294.88** | | VI. Closing Balance of Cash and Cash Equivalents | 650,772,979.60 | 529,278,308.83 |

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 174,917,842.27, with a year-end undistributed profit of RMB 321,464,688.12[8] - The company's operating revenue for 2020 reached ¥2,028,369,610.73, representing a 68.26% increase compared to ¥1,205,512,776.37 in 2019[32] - Net profit attributable to shareholders was ¥174,917,842.27 in 2020, up 42.88% from ¥122,418,621.78 in 2019[32] - The net profit after deducting non-recurring gains and losses was ¥137,335,860.39, a 25.67% increase from ¥109,284,722.06 in 2019[32] - The company's total assets increased by 59.19% to ¥3,327,050,291.71 at the end of 2020, compared to ¥2,089,930,457.39 at the end of 2019[32] - The basic earnings per share for 2020 was ¥1.00, reflecting a 35.14% increase from ¥0.74 in 2019[33] - The weighted average return on equity rose to 16.51% in 2020, an increase of 2.15 percentage points from 14.36% in 2019[33] - The company's net assets attributable to shareholders increased by 20.99% to ¥1,224,195,398.52 at the end of 2020, compared to ¥1,011,792,680.18 at the end of 2019[32] Dividend Distribution - The company plans to distribute a cash dividend of RMB 6.50 per share (including tax), totaling RMB 116,460,146.40 based on the total share capital of 179,244,756 shares[8] - The profit distribution proposal is subject to approval at the shareholders' meeting[10] - For the year 2020, the cash dividend increased to RMB 116,460,146.40, with a distribution of RMB 6.5 per 10 shares, representing 66.58% of the net profit attributable to ordinary shareholders[146] - The cash dividend payout ratio for 2019 was 80.54%, indicating a strong commitment to returning profits to shareholders[146] - The company plans to continue prioritizing cash dividends, with a minimum distribution of 15% of the distributable profits each year[143] Research and Development - Research and development investments over the past three years were RMB 10,290.59 million, RMB 13,123.80 million, and RMB 18,208.87 million respectively[51] - The company has a strong technical team and has established a comprehensive talent introduction and R&D incentive mechanism[50] - Research and development expenses rose by 38.75% to ¥182,088,736.89, primarily due to higher salaries and materials for R&D personnel[68] - The company holds 408 utility model patents, 128 invention patents, and 1 design patent as of December 31, 2020[51] - The company aims to enhance its R&D capabilities and develop a series of core technologies to improve market competitiveness and customer loyalty[116] Market Expansion and Strategy - The company is actively pursuing overseas market expansion by establishing subsidiaries in South Korea, Japan, and Europe[112] - The company plans to expand its product offerings in the consumer electronics sector, focusing on smart manufacturing assembly and inspection equipment[117] - The company intends to diversify its product applications in the automotive parts, high-end semiconductor, and medical device sectors[117] - A market expansion plan will be implemented, focusing on diversifying into sectors such as new energy vehicles, lithium batteries, semiconductors, and medical devices while continuing to strengthen its position in the consumer electronics manufacturing industry[124] Operational Risks and Management - The company has detailed risk factors in the report, particularly in the section discussing future development[14] - The company recognizes the increasing competition from foreign firms in the domestic market and aims to strengthen its core technological capabilities[110] - The company faces risks related to rising labor costs and fluctuations in the prices of key raw materials, which could negatively impact operational performance[133] - The company is focused on improving internal management structures and decision-making processes to reduce operational risks and enhance efficiency[127] Shareholder Commitments and Governance - The actual controller has no plans to reduce their shareholding in the company as of the date of the commitment letter[164] - The company has made long-term commitments regarding various operational and financial practices, ensuring compliance with relevant regulations[162] - The company commits to compensating any losses incurred due to violations of the commitments made by its shareholders[6] - The company will ensure full disclosure of any related party transactions and minimize such transactions in the future[190] - The company will implement a sustainable and stable profit distribution policy post-transaction, considering investor feedback to enhance transparency[167]

Financial Performance - Operating revenue for the first nine months reached CNY 1,217,974,856.23, a 62.71% increase year-on-year[17] - Net profit attributable to shareholders rose by 65.20% to CNY 149,357,105.44 for the first nine months[17] - Basic earnings per share increased by 54.55% to CNY 0.85[17] - The company reported a net profit of ¥363,853,375.28, up from ¥321,464,688.12, indicating a growth of approximately 13.2% in retained earnings[42] - Total operating revenue for Q3 2020 reached ¥536,480,440.12, a significant increase of 114.3% compared to ¥250,168,479.97 in Q3 2019[48] - Net profit for Q3 2020 was ¥47,431,555.37, representing a 60.9% increase from ¥29,470,067.39 in Q3 2019[51] - The company's operating revenue for Q3 2020 was CNY 450,441,335.45, a significant increase from CNY 185,225,892.49 in Q3 2019, representing a growth of approximately 143.5%[53] Assets and Liabilities - Total assets increased by 47.83% to CNY 3,089,531,805.94 compared to the end of the previous year[17] - Current assets rose to ¥2,004,577,050.35, compared to ¥1,154,657,091.00 in the previous year, marking an increase of about 73.7%[37] - Total liabilities increased to ¥1,959,610,890.62, up from ¥1,059,036,339.08, which is an increase of approximately 84.9%[40] - Current liabilities totaled ¥1,617,068,062.11, compared to ¥868,366,092.27, representing an increase of approximately 86.1%[40] - Total assets as of September 30, 2020, amounted to ¥2,627,033,879.04, compared to ¥1,751,770,967.87 at the end of 2019[47] - Total liabilities increased to ¥1,586,596,724.89 as of September 30, 2020, from ¥739,488,821.68 at the end of 2019[47] Cash Flow - The net cash flow from operating activities decreased by 305.95%, resulting in a negative cash flow of CNY -218,758,826.56[17] - The company's cash flow from financing activities increased by 100.96% to ¥455,009,087.15, mainly due to increased bank borrowings[29] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 823,833,830.70, slightly up from CNY 799,288,645.30 in the same period of 2019[58] - Cash outflow from operating activities increased significantly to 1,104,001,120.21 RMB, up from 733,355,570.74 RMB in 2019, representing a rise of about 50.5%[61] - The net cash flow from investment activities was -206,455,584.31 RMB, an improvement from -354,887,938.16 RMB in the same period last year[61] Shareholder Information - The total number of shareholders reached 12,379 by the end of the reporting period[21] - The largest shareholder, Sun Feng, holds 59.97% of the shares, amounting to 105,588,800 shares[21] - Shareholders' equity attributable to the parent company reached ¥1,085,588,594.41, compared to ¥1,011,792,680.18, marking an increase of about 7.3%[42] Research and Development - Research and development expenses rose to ¥144,791,789.38, an 88.96% increase, driven by higher R&D investments and the inclusion of newly acquired subsidiaries[29] - Research and development expenses for Q3 2020 amounted to CNY 51,607,704.59, compared to CNY 16,803,505.30 in Q3 2019, indicating a substantial increase of approximately 207.5%[56] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[49] - The company is focusing on expanding its market presence and developing new products, which may enhance future revenue growth[69]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥681,494,416.11, representing a 36.75% increase compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company reached ¥103,738,646.31, marking a 71.88% increase year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥79,761,053.49, which is a 41.52% increase compared to the previous year[20]. - Revenue for the reporting period grew by 36.75%, attributed to increased sales volume and the consolidation of subsidiaries from non-controlling acquisitions[22]. - Basic earnings per share rose to 0.59 yuan, a 59.46% increase from 0.37 yuan in the same period last year[22]. - Operating costs increased to ¥349,208,789.16, reflecting a growth of 36.10% from ¥256,586,470.64 in the previous year, in line with the rise in sales revenue[44]. - Research and development expenses surged by 63.56% to ¥82,685,616.77, up from ¥50,554,095.16, indicating a significant increase in investment in innovation[44]. Cash Flow and Assets - The net cash flow from operating activities was -¥45,829,674.11, a decrease of 130.27% compared to the same period last year[20]. - The net cash flow from operating activities turned negative at -¥45,829,674.11, a decline of 130.27% compared to a positive cash flow of ¥151,400,235.48 in the previous year[44]. - Total assets increased by 26.20% to 2,637,570,974.12 yuan compared to the end of the previous year[22]. - The company’s total assets increased, with cash and cash equivalents at ¥414,327,834.48, accounting for 15.71% of total assets, up from 19.07% last year[51]. - Accounts receivable rose significantly to ¥576,289,634.63, representing 21.85% of total assets, a 120.15% increase from ¥261,775,060.97 in the previous year[51]. - Inventory levels increased to ¥568,279,696.26, which is 21.55% of total assets, reflecting a 158.15% rise compared to ¥220,134,192.08 last year, driven by strong order demand[51]. - Short-term borrowings increased by 123.38% to ¥592,893,609.85, up from ¥265,421,140.00, indicating a significant rise in financing activities[51]. Investments and Acquisitions - The company invested 120 million Japanese yen in Optima Co., Ltd., acquiring a 73.75% stake[29]. - The company completed the acquisition of a 73.75% stake in Japan's Optima Corporation, enhancing its international market presence[41]. - The company completed a capital increase of 1.2 billion JPY in Optima Co., holding a 73.75% stake[58]. Risks and Challenges - The company faces risks due to reliance on the consumer electronics sector, which may lead to revenue fluctuations if market conditions change[64]. - Rising labor costs and raw material price volatility pose significant risks to the company's operational performance[64]. - The company is exposed to foreign exchange risks due to a significant portion of revenue being settled in USD[65]. - The company has identified integration management risks associated with its expansion and acquisitions, which may affect operational efficiency[69]. Compliance and Governance - The company has committed to strict compliance with information disclosure obligations as per regulations, ensuring no false disclosures or concealment of significant risks[80]. - The company and its subsidiaries have operated in accordance with laws and regulations for the past three years, with no criminal investigations or violations reported[81]. - There are no unresolved or foreseeable significant lawsuits, arbitrations, or administrative penalties against the company[82]. - The company has not engaged in any actions that would harm investors' legal rights or public interests[83]. - The company has passed annual business inspections and has no issues affecting its legal existence or capital contributions[84]. Shareholder Commitments - The actual controller of the company commits to maintaining the independence of the company in terms of business, assets, personnel, and finance before and after the restructuring[89]. - The actual controller guarantees that there will be no direct or indirect competition with the company's main business from other enterprises under their control before and after the transaction[90]. - The company will minimize related party transactions and ensure that any unavoidable transactions are conducted fairly and transparently[90]. - The actual controller and senior management have confirmed that they have not been subject to any criminal investigations or administrative penalties by regulatory authorities in the last 36 months[94][95]. - The company has committed to providing accurate and complete information regarding the restructuring process and will bear legal responsibility for any false statements or omissions[100]. Performance Commitments - The company committed to a net profit of no less than 10 million yuan, 22 million yuan, and 36 million yuan for the years 2018, 2019, and 2020 respectively, as part of the performance guarantee agreement[168]. - The performance compensation amount is calculated based on the formula: [(Cumulative committed net profit - Cumulative actual net profit) / Total committed net profit] × 61.2 million yuan[170]. - The company will publicly disclose reasons for any failure to fulfill commitments and apologize to shareholders and the public[163]. - If the company fails to fulfill commitments due to non-force majeure reasons, it must propose new commitments and accept corresponding restrictions[164]. Stock and Shareholder Management - The company will enhance operational management and internal controls to prevent potential dilution of immediate returns for shareholders[105]. - The company will implement a sustainable and transparent profit distribution policy post-transaction, considering the opinions of investors and minority shareholders[105]. - The company commits to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[106]. - The actual controller of the company promises to exercise shareholder rights in accordance with relevant laws and regulations, without interfering in management activities[109]. - The company guarantees independence in business, assets, finance, personnel, and institutions from its controlling shareholders[110]. Audit and Financial Reporting - The company appointed Zhonghua Accounting Firm for the 2020 financial report and internal control audit[176]. - The company has no major litigation or arbitration matters during the reporting period[176]. - The company’s controlling shareholders and actual controllers have maintained good integrity status without any significant debts due[176]. - The company will ensure compliance with regulations regarding shareholder reductions and will develop a prudent plan for any future share sales[159].

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 122,418,621.78 for the year 2019[7]. - The company's operating revenue for 2019 was CNY 1,205,512,776.37, representing a 33.30% increase compared to CNY 904,386,416.95 in 2018[25]. - The net profit attributable to shareholders for 2019 was CNY 122,418,621.78, a slight increase of 1.14% from CNY 121,038,085.00 in 2018[25]. - The net cash flow from operating activities for 2019 was CNY 149,834,229.34, a significant recovery from a negative cash flow of CNY -69,622,355.84 in 2018[25]. - The company's total assets increased by 52.14% to CNY 2,089,930,457.39 at the end of 2019, up from CNY 1,373,706,146.14 in 2018[25]. - The basic earnings per share for 2019 was CNY 0.74, a decrease of 1.33% compared to CNY 0.75 in 2018[26]. - The company reported an operating profit of RMB 135.67 million, up 36.47% compared to the previous year[57]. - Net profit attributable to the parent company was RMB 122.45 million, reflecting a year-on-year growth of 1.17%[57]. Profit Distribution - The company plans to distribute a cash dividend of RMB 5.60 per 10 shares, totaling RMB 98,592,993.52, based on a total share capital of 176,058,917 shares after deducting repurchased shares[7]. - In 2019, the company distributed cash dividends totaling RMB 98,592,993.52, which accounted for 80.54% of the net profit attributable to ordinary shareholders[136]. - The cash dividend per 10 shares in 2019 was RMB 5.6, compared to RMB 3.1 in 2018[136]. - The total cash dividends distributed in 2018 were RMB 50,389,337.50, representing 41.63% of the net profit attributable to ordinary shareholders[136]. - The company does not plan to increase capital reserves or issue bonus shares for the year[7]. - The profit distribution proposal is subject to approval at the shareholders' meeting[8]. Research and Development - The company invested RMB 131.24 million in research and development over the past three years, with annual investments of RMB 71.82 million, RMB 102.91 million, and RMB 131.24 million respectively[47]. - The company holds a total of 577 patents, including 448 utility model patents and 127 invention patents[47]. - The total R&D investment accounted for 10.89% of the operating revenue, with 582 R&D personnel representing 25.03% of the total workforce[75]. - Research and development expenses increased by 27.53% to ¥131,238,047.72, reflecting higher investment in R&D activities[61]. - The company is focused on the research and development of intelligent manufacturing equipment, targeting industries such as consumer electronics, automotive, and semiconductors[36]. Market Strategy and Expansion - The company aims to expand its market share by integrating new business and enhancing existing operations, contributing to revenue growth and competitive advantage[36]. - The company plans to expand its product line into new sectors such as new energy vehicles, lithium batteries, and medical devices, aiming to enhance its market competitiveness[109]. - The company aims to diversify its market by expanding into industries such as new energy vehicles, lithium batteries, semiconductors, medical devices, and photovoltaics while continuing to strengthen its position in the consumer electronics manufacturing sector[114]. - The company has established strong partnerships with several globally recognized consumer electronics manufacturers, enhancing its market reputation[51]. - The company has made significant progress in expanding its business in the new energy vehicle and component manufacturing sector, which is experiencing rapid growth globally[116]. Financial Management and Compliance - The company has committed to strict compliance with information disclosure obligations and has not faced any significant legal or regulatory issues in the past three years[143]. - The company has not been subject to any bankruptcy or restructuring applications[148]. - The company commits to not having any conditions that would prevent participation in major asset restructuring as per regulatory guidelines[150]. - The company will implement a stock incentive plan to motivate employees and align their interests with the company's long-term goals[111]. - The company will adopt a flat organizational management model to improve efficiency and ensure effective execution of management directives[117]. Risks and Challenges - The company faces risks related to reliance on a single industry, rising labor costs, raw material price fluctuations, and challenges in entering new markets[123][124][128][129]. - The competitive landscape is intensifying, with foreign firms increasing their presence in the domestic market, which poses challenges for local manufacturers[102]. Acquisitions and Investments - The company completed the acquisition of 67.53% of Optima Corporation for approximately RMB 16.40 million[43]. - The company is open to acquisitions and mergers to achieve external expansion when suitable targets are identified[122]. - The company has invested in two key suppliers: Lingou Technology in the automotive sector and OPTIMA Co., Ltd. in the semiconductor industry, enhancing its strategic layout in intelligent equipment[105].

2020 年第一季度报告 公司代码：603283 公司简称：赛腾股份 债券代码：110800 债券简称：赛腾定转 苏州赛腾精密电子股份有限公司 2020 年第一季度报告 1 / 23 2020 年第一季度报告 í 重要提示 = 、 公司基本情况 líl 重要事项 ... .. 四、 附录 目录 2 / 23 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 公司负责人孙丰、主管会计工作负责人刘红宁及会计机构负责人（会计主管人员） 刘振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 - Net profit attributable to shareholders rose by 19.59% to CNY 90,408,281.47 year-to-date[18] - Operating revenue for the first nine months reached CNY 748,535,134.66, a 16.01% increase year-on-year[18] - Basic earnings per share increased by 17.02% to CNY 0.55[18] - The weighted average return on equity rose to 11.39%, an increase of 0.08 percentage points from the previous year[18] - The company reported a significant increase in cash received from sales, totaling CNY 799,288,645.30 in the first three quarters of 2019, compared to CNY 469,752,891.07 in the same period of 2018[71] - The total profit for the first three quarters of 2019 was approximately ¥105.16 million, an increase of 21.6% compared to ¥86.47 million in the same period of 2018[58] - The net profit for Q3 2019 reached ¥29.47 million, up 34.9% from ¥21.90 million in Q3 2018[58] - For the first three quarters of 2019, the net profit reached CNY 87,714,083.53, up 8.2% from CNY 81,158,597.44 in the same period of 2018[64] Assets and Liabilities - Total assets increased by 52.01% to CNY 2,088,205,969.89 compared to the end of the previous year[18] - Total liabilities increased to ¥1,122,037,527.34 from ¥622,014,413.05, which is an increase of approximately 80.6%[43] - The total equity attributable to shareholders increased to ¥937,927,310.68 from ¥743,624,247.62, representing a growth of approximately 26.2%[43] - Short-term borrowings increased by 117.38% to ¥359,692,352.46 to meet operational funding needs[27] - The company's total assets as of September 30, 2019, were ¥1,687,500,023.68, compared to ¥1,277,436,690.01 at the end of 2018, reflecting a growth of 32.1%[49] - Total liabilities increased to ¥744,973,423.59 as of September 30, 2019, up from ¥526,507,782.65 at the end of 2018, representing a growth of 41.4%[49] Cash Flow - Net cash flow from operating activities improved significantly to CNY 106,220,098.09, compared to a negative CNY 196,132,405.85 in the same period last year[18] - The company reported a significant improvement in cash flow from operating activities for the first three quarters of 2019, reaching CNY 106,220,098.09, a significant improvement from a negative cash flow of CNY -196,132,405.85 in the same period of 2018[71] - The net cash flow from financing activities in Q3 2019 was CNY 226,416,019.13, compared to CNY 206,416,112.56 in Q3 2018[73] - The cash and cash equivalents at the end of Q3 2019 were CNY 199,504,136.13, slightly up from CNY 194,251,794.86 at the end of Q3 2018[73] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,262[22] - Major shareholder Sun Feng holds 62.18% of the shares, with 35,600,000 shares pledged[22] Inventory and Receivables - Accounts receivable decreased by 49.50% to ¥6,257,966.11 due to a reduction in bills not yet due at the end of the period[27] - Inventory rose by 119.52% to ¥497,950,770.19 due to the consolidation of newly acquired subsidiaries[27] - Other receivables increased by 194.95% to ¥20,729,342.00 due to the consolidation of newly acquired subsidiaries[27] Expenses - Total operating costs for Q3 2019 were ¥210,266,521.13, a rise of 21.3% from ¥173,294,176.21 in Q3 2018[53] - Research and development expenses for Q3 2019 amounted to ¥26,072,102.35, increasing by 44.4% from ¥18,041,535.25 in Q3 2018[53] - The company reported a decrease in sales expenses, which were ¥27.34 million in Q3 2019, down from ¥32.47 million in Q3 2018, a reduction of 15.8%[62] Other Financial Metrics - Government subsidies recognized amounted to CNY 8,813,790.82 for the year-to-date[20] - Non-recurring gains and losses totaled CNY 6,179,884.38 for the year-to-date[20] - The company raised ¥139,999,937.00 through a non-public offering of 7,272,724 shares at ¥19.25 per share[33]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥498,366,654.69, representing a 12.41% increase compared to ¥443,330,784.85 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was ¥60,354,526.23, up 12.39% from ¥53,699,157.03 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥56,358,927.19, reflecting a 15.19% increase from ¥48,927,930.60 year-on-year[19]. - The net cash flow from operating activities was ¥151,400,235.48, a significant recovery from a negative cash flow of -¥67,537,713.04 in the same period last year[19]. - Basic earnings per share for the first half of 2019 were ¥0.37, up 12.12% from ¥0.33 in the same period last year[21]. - The diluted earnings per share also stood at ¥0.37, reflecting the same growth rate of 12.12% compared to the previous year[21]. - The company's total operating revenue for the first half of 2019 was CNY 498,366,654.69, representing a year-on-year increase of 12.41% compared to CNY 443,330,784.85 in the same period last year[46]. - Operating costs increased to CNY 256,586,470.64, up 8.22% from CNY 237,087,616.38, in line with revenue growth[46]. - Management expenses surged by 89.97% to CNY 56,361,120.00, primarily due to increased consultancy fees and share-based payments[46][47]. - The company's net profit for its subsidiary Suzhou Saiteng Automation Technology Co., Ltd. was reported at RMB 19.76 million, with a net loss of RMB 705.59 thousand[66]. - The company’s subsidiary Kunshan Saiteng Heisei Electronics Technology Co., Ltd. reported a net profit of RMB 9.11 million, with a profit increase of RMB 402.28 thousand[66]. Assets and Liabilities - The total assets as of June 30, 2019, were ¥1,456,705,925.53, which is a 6.04% increase from ¥1,373,706,146.14 at the end of the previous year[19]. - The net assets attributable to shareholders increased to ¥775,865,568.29, marking a 4.34% rise from ¥743,624,247.62 at the end of the previous year[19]. - Cash and cash equivalents increased by 25.70% to CNY 277,840,068.48, accounting for 19.07% of total assets[52]. - Short-term borrowings rose by 60.40% to CNY 265,421,140.00, driven by operational funding needs[52]. - Total liabilities amounted to ¥670,962,127.85, up from ¥622,014,413.05, representing an increase of approximately 7.8%[174]. - Current liabilities increased to ¥650,526,626.52 from ¥583,713,043.02, marking an increase of about 11.4%[172]. - Shareholders' equity rose to ¥785,743,797.68 from ¥751,691,733.09, indicating an increase of about 4.5%[174]. Research and Development - The company has a strong R&D team with 1,145 technical staff, representing 57.60% of total employees, ensuring continuous improvement in product design and customization capabilities[35]. - R&D investments over the past three years totaled RMB 27,487.39, with specific amounts of RMB 4,939.40, RMB 7,181.99, RMB 10,290.59, and RMB 5,055.41[36]. - Research and development expenses increased by 12.86% to CNY 50,554,095.16, reflecting the company's commitment to innovation[46]. - Research and development expenses for the first half of 2019 were ¥50,554,095.16, compared to ¥44,794,321.91 in the same period of 2018, an increase of 12.4%[185]. Acquisitions and Investments - The company completed the acquisition of 67.53% of Optima Co., Ltd. for approximately RMB 16,395 million, with a total investment of about RMB 23,679 million planned for further capital increase[33]. - The company completed the acquisition of Suzhou Saiteng Lingou Intelligent Technology Co., Ltd. on May 27, 2019, and raised approximately RMB 139.99 million through a private placement of 7,272,724 shares at a price of RMB 19.25 per share[59]. - Following the acquisition, the company plans to increase its investment in Optima Co., Ltd. by JPY 120 million, bringing the total investment to approximately JPY 390.11 million (about RMB 23.68 million), resulting in a 75.02% ownership stake[63]. Market and Industry Risks - The company faces risks due to its reliance on the consumer electronics manufacturing sector, which may lead to revenue and profitability declines if market conditions fluctuate[68]. - Rising labor costs and fluctuations in the prices of key raw materials, such as mechanical and electrical components, pose additional risks to the company's operational performance[68]. - The company aims to expand into new industries, including automotive and semiconductor sectors, to diversify its revenue streams and mitigate risks associated with its current market focus[71]. Shareholder Commitments and Governance - The controlling shareholders, Sun Feng and Zeng Hui, committed to not transferring or entrusting their shares for 36 months post-IPO, with a minimum selling price set at the issuance price if they reduce holdings within two years after the lock-up period[78]. - The company has implemented measures to avoid potential competition, ensuring that the controlling shareholders will not engage in similar business activities that could compete with the company[82]. - The company has established a commitment to ensure that any related party transactions are conducted at fair market prices and do not harm the interests of non-related shareholders[87]. - The company will implement measures to ensure immediate return commitments are fulfilled, including linking executive compensation to performance[112]. Compliance and Legal Matters - The company commits to ensuring the accuracy and completeness of its public offering documents, accepting legal responsibility for any misstatements[101]. - In case of significant misstatements in the offering documents, the company will repurchase all newly issued shares at the offering price plus interest[102]. - The company received an administrative penalty of 30,000 RMB from the Suzhou Emergency Management Bureau and has completed the required rectification[129]. - There were no significant litigation or arbitration matters during the reporting period[130]. Cash Flow and Financial Activities - Operating cash flow generated a net amount of ¥151,400,235.48, a significant improvement from a net loss of ¥67,537,713.04 in the same period last year[196]. - Total cash inflow from operating activities reached ¥591,285,191.22, compared to ¥357,194,438.64 in the previous year, marking an increase of approximately 65.5%[196]. - The company reported a net increase in cash and cash equivalents of ¥68,739,783.23, contrasting with a significant decrease of ¥223,017,839.92 in the same period last year[198].

2019 年第一季度报告 公司代码：603283 公司简称：赛腾股份 苏州赛腾精密电子股份有限公司 2019 年第一季度报告 1 / 19 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2019 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 公司负责人孙丰、主管会计工作负责人刘红宁及会计机构负责人（会计主管人员）刘振保证 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 achieved a net profit attributable to shareholders of RMB 121,038,085 for the year 2018[7]. - The total undistributed profits as of December 31, 2018, amounted to RMB 263,063,595.19[7]. - The company plans to distribute a cash dividend of RMB 3.1 per 10 shares, totaling RMB 50,389,337.5[7]. - The company reported a beginning undistributed profit of RMB 182,102,237.83 for the year[7]. - The company's operating revenue for 2018 was approximately CNY 904.39 million, representing a year-over-year increase of 32.38% compared to CNY 683.18 million in 2017[28]. - The net profit attributable to shareholders for 2018 was CNY 121.04 million, up 26.52% from CNY 95.67 million in 2017[28]. - The net profit after deducting non-recurring gains and losses decreased by 2.11% to CNY 86.28 million in 2018 from CNY 88.14 million in 2017[28]. - The company's total assets increased by 35.91% to CNY 1.37 billion at the end of 2018, compared to CNY 1.01 billion at the end of 2017[28]. - The basic earnings per share for 2018 was CNY 0.75, a decrease of 6.25% from CNY 0.80 in 2017[29]. - The weighted average return on equity decreased by 9.68 percentage points to 17.72% in 2018 from 27.40% in 2017[29]. Investments and Acquisitions - The company acquired 100% equity of Suzhou Zhonggu Precision Machinery Co., Ltd. for CNY 68 million to expand production capacity[45]. - The company purchased a factory and land in Suzhou for CNY 54.18 million to support its operations[46]. - The company also acquired 100% equity of Suzhou Zhiguan Optoelectronics Technology Co., Ltd. for CNY 47.24 million[47]. - The company acquired 51% of Wuxi Changding Electronics for 61.2 million yuan and Kunshan Heisei Electronics for 60 million yuan, enhancing product and customer resource expansion[48][49]. - The company completed the acquisition of 100% of Suzhou Zhonggu Precision Machinery Co., Ltd. for ¥68 million to expand production capacity[97]. - The acquisition of 100% of Suzhou Zhiguan Optoelectronics Technology Co., Ltd. was completed for ¥47.2444 million[100]. - The company purchased 51% equity in Wuxi Changding Electronics Co., Ltd. for RMB 61.2 million, and the transaction has been finalized[105]. - The company acquired 100% equity in Kunshan Heisei Electronics Technology Co., Ltd. for RMB 60 million, with the transaction completed and the company renamed in January 2019[102]. Research and Development - The company invested 102.91 million yuan in R&D, which is a 43.28% increase compared to the previous year[66]. - The company has a technical and R&D team of 1,322 people, accounting for 62.09% of total employees, ensuring continuous improvement in R&D capabilities[52]. - The company holds 334 utility model patents, 42 invention patents, and 2 design patents, showcasing its strong technical reserves[53]. - Total R&D expenses for the year were ¥102.91 million, accounting for 11.38% of total revenue, with a year-over-year increase of 43.28%[81]. - The company aims to enhance core technology research and promote the localization of key components in the smart equipment industry, supported by government policies[116]. - The company plans to focus on the development of intelligent manufacturing equipment for sectors such as new energy vehicles, lithium batteries, semiconductors, medical devices, and photovoltaics[121]. - The company intends to improve its R&D capabilities and achieve breakthroughs in core technologies to enhance market competitiveness and customer loyalty[122]. Market Position and Strategy - The company is focused on developing intelligent manufacturing equipment and has established a strong technical team to enhance production efficiency and product quality[40]. - The company has established stable partnerships with several globally recognized consumer electronics manufacturers, enhancing its market reputation[55]. - The company aims to create new growth points by expanding into the new energy vehicle sector, which has significant market potential due to rapid global development[131]. - The market expansion plan includes diversifying into industries such as new energy vehicles, lithium batteries, semiconductors, medical devices, and photovoltaics while continuing to strengthen its position in the consumer electronics manufacturing sector[129]. - The company is committed to maintaining its leading position in intelligent detection and assembly technologies while expanding into new application areas[120]. - The company’s strategic goal is to become a world-class enterprise in the sustainable development of the intelligent manufacturing equipment industry[120]. Financial Management and Risks - The company reported a net cash flow from operating activities of -69.62 million yuan, a decline of 145.72% year-on-year[66]. - The company faces risks related to reliance on a single industry, rising labor costs, and fluctuations in raw material prices, which could impact its financial performance[138][141][142]. - The company will pursue appropriate equity and debt financing to support sustainable development and optimize its capital structure[136]. - The company is open to acquisitions and mergers to facilitate external expansion when suitable targets are identified[137]. - The company will enhance its internal management structure to reduce operational risks and improve decision-making efficiency[134]. Shareholder Commitments and Dividends - The company will implement a cash dividend policy, distributing at least 15% of the annual distributable profit as cash dividends to shareholders[146]. - In 2018, the company distributed cash dividends totaling RMB 50,389,337.50, which accounted for 41.63% of the net profit attributable to ordinary shareholders[147]. - The cash dividends for 2017 were RMB 28,800,000.00, representing 30.14% of the net profit attributable to ordinary shareholders[147]. - The company did not propose any cash profit distribution plan during the reporting period despite having positive distributable profits[147]. - The actual controllers and shareholders committed to not transferring or managing their shares for a lock-up period of 36 months post-IPO[152]. - The company commits to ensuring that all materials related to the IPO are truthful and complete, bearing legal responsibility for any misrepresentation[181]. - The company will compensate investors for losses incurred due to false statements in the prospectus, with specific compensation details to be determined upon recognition of the violations by regulatory authorities[184].