Financial Performance - The company's revenue for Q3 2021 reached ¥719,127,074.78, representing a year-over-year increase of 24.24%[3] - Net profit attributable to shareholders for the same period was ¥62,570,258.86, up 36.03% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥51,172,281.94, reflecting a 30.86% increase year-over-year[3] - Year-to-date revenue as of the end of Q3 2021 totaled ¥1,960,376,366.16, marking a 33.25% increase from the same period last year[3] - The total operating revenue for the first three quarters of 2021 reached ¥1,960,376,366.16, a significant increase of 33.3% compared to ¥1,471,214,486.08 in the same period of 2020[18] - The net profit for the third quarter of 2021 was ¥178,026,787.06, representing a 112.5% increase from ¥83,559,001.21 in the same quarter of 2020[20] - The operating profit for the third quarter of 2021 was ¥194,749,179.04, compared to ¥89,982,206.17 in the third quarter of 2020, indicating a growth of 116.5%[19] - The basic and diluted earnings per share for the third quarter of 2021 were both ¥0.79, up from ¥0.37 in the same quarter of 2020, reflecting a 113.5% increase[20] - The company reported a total comprehensive income of ¥177,950,892.67 for the third quarter of 2021, compared to ¥83,179,955.87 in the same quarter of 2020, reflecting a growth of 113.1%[20] Assets and Liabilities - The company's total assets increased by 14.38% to ¥3,417,078,278.94 compared to the end of the previous year[4] - As of September 30, 2021, the total assets of the company reached RMB 3,417,078,278.94, an increase from RMB 2,987,446,948.14 at the end of 2020, representing a growth of approximately 14.4%[15] - Total current liabilities increased to RMB 1,726,864,901.69 from RMB 1,650,161,882.91, showing a rise of approximately 4.6%[16] - The total liabilities as of the third quarter of 2021 amounted to ¥1,983,985,511.78, an increase from ¥1,867,675,017.75 in the previous year[19] - The total non-current liabilities as of the third quarter of 2021 were ¥257,120,610.09, an increase from ¥217,513,134.84 in the previous year[19] - The company's long-term borrowings were reported at approximately ¥141.5 million, contributing to the overall non-current liabilities[26] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥167,414,998.16, showing a significant increase of 93.29%[3] - Operating cash flow for the first three quarters of 2021 was CNY 167,414,998.16, a 93.4% increase compared to CNY 86,613,930.43 in the same period of 2020[22] - Total cash inflow from operating activities reached CNY 1,401,851,041.54, up 20.6% from CNY 1,162,241,336.11 year-on-year[22] - Cash outflow from operating activities was CNY 1,234,436,043.38, an increase of 14.8% compared to CNY 1,075,627,405.68 in the previous year[22] - Net cash flow from investing activities was -CNY 157,304,295.66, slightly worse than -CNY 153,419,196.69 in the same period last year[23] - Cash inflow from financing activities totaled CNY 614,248,469.43, a marginal increase from CNY 600,884,044.62 in 2020[23] - Net cash flow from financing activities decreased to CNY 89,461,847.31 from CNY 120,444,520.25 year-on-year[23] - The ending balance of cash and cash equivalents was CNY 288,161,532.50, compared to CNY 157,966,239.89 at the end of the third quarter of 2020[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,347[10] - The total equity attributable to shareholders of the parent company was ¥1,433,092,767.16, up from ¥1,119,771,930.39 in the same period of 2020, marking a growth of 28.0%[19] - The company’s total equity, including minority interests, was approximately ¥1.12 billion, consistent with the equity attributable to shareholders[27] Investments and Acquisitions - The company is in the process of acquiring 100% equity of Sumitomo Electric Electronics (Shenzhen) Co., Ltd., with the relevant procedures for the asset purchase ongoing[13] - The company’s long-term equity investments stood at RMB 8,080,000.00, indicating a new investment strategy[15] - The company invested CNY 88,312,591.65 in fixed assets, intangible assets, and other long-term assets during the first three quarters of 2021[23] Operational Efficiency - The company successfully turned around its Huizhou factory, achieving profitability compared to the previous year[8] - The company is actively expanding its PCB business, which has contributed to improved revenue structure and profitability[8] - Research and development expenses for the third quarter of 2021 were ¥96,014,642.06, compared to ¥82,692,230.18 in the same quarter of 2020, indicating an increase of 16.1%[19] Changes in Accounting Standards - The company has adopted new leasing standards effective January 1, 2021, which require all leases to be recognized as right-of-use assets and lease liabilities[28]

Financial Performance - The company's revenue for Q3 2021 reached ¥719,127,074.78, representing a year-over-year increase of 24.24%[4] - Net profit attributable to shareholders was ¥62,570,258.86, up 36.03% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥51,172,281.94, reflecting a 30.86% increase year-over-year[4] - Year-to-date revenue as of the end of Q3 2021 totaled ¥1,960,376,366.16, marking a 33.25% increase from the previous year[4] - Basic earnings per share for Q3 2021 were ¥0.27, a 35.00% increase compared to the same period last year[5] - Net profit for the third quarter of 2021 was ¥178,026,787.06, which is a 112.5% increase from ¥83,559,001.21 in the same quarter of 2020[22] - Earnings per share for the third quarter of 2021 were ¥0.79, compared to ¥0.37 in the same quarter of 2020, indicating a growth of 113.5%[22] - The company reported a total comprehensive income of ¥177,950,892.67 for the third quarter of 2021, compared to ¥83,179,955.87 in the same quarter of 2020, indicating a growth of 113.1%[22] Cash Flow - The company achieved a net cash flow from operating activities of ¥167,414,998.16, which is a 93.29% increase year-to-date[4] - The net cash flow from operating activities for the first three quarters of 2021 was ¥167,414,998.16, an increase of 93.4% compared to ¥86,613,930.43 in the same period of 2020[24] - Total cash inflow from operating activities reached ¥1,401,851,041.54, up 20.6% from ¥1,162,241,336.11 year-on-year[24] - The cash outflow from operating activities was ¥1,234,436,043.38, an increase of 14.8% compared to ¥1,075,627,405.68 in the previous year[25] - The net cash flow from investing activities was -¥157,304,295.66, slightly worse than -¥153,419,196.69 in the same period last year[25] - Cash inflow from financing activities totaled ¥614,248,469.43, a slight increase from ¥600,884,044.62 in the previous year[25] - The net cash flow from financing activities was ¥89,461,847.31, down 25.7% from ¥120,444,520.25 year-on-year[25] - The ending balance of cash and cash equivalents was ¥288,161,532.50, compared to ¥157,966,239.89 at the end of the same period last year, reflecting a significant increase[25] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,417,078,278.94, a 14.38% increase from the end of the previous year[5] - As of September 30, 2021, total assets reached RMB 3,417,078,278.94, an increase from RMB 2,987,446,948.14 at the end of 2020, reflecting a growth of approximately 14.4%[17] - Current assets totaled RMB 1,653,909,945.24, up from RMB 1,261,961,032.90 at the end of 2020, indicating a growth of about 31.0%[17] - The company's total liabilities as of the third quarter of 2021 amounted to ¥1,983,985,511.78, an increase from ¥1,867,675,017.75 in the previous year[21] - The total equity attributable to shareholders reached ¥1,433,092,767.16, up from ¥1,119,771,930.39 in the same period of 2020, marking a growth of 28.0%[21] - Total liabilities amounted to approximately ¥1.87 billion, with current liabilities at ¥1.65 billion and non-current liabilities at ¥217.5 million[28] - The total assets of the company were reported at approximately ¥2.99 billion, reflecting a decrease of ¥6.54 million from the prior period[29] Operational Highlights - The company successfully turned around its Huizhou factory, achieving profitability compared to the previous year[9] - The company is focusing on expanding its PCB business, which has contributed to improved revenue and profitability[9] - The company is actively pursuing market expansion and new product development strategies as part of its growth initiatives[15] Research and Development - Research and development expenses for the third quarter of 2021 were ¥96,014,642.06, compared to ¥82,692,230.18 in the same quarter of 2020, reflecting a year-over-year increase of 16.1%[21] Acquisitions and Investments - The company is in the process of acquiring 100% equity of Sumitomo Electric Electronics (Shenzhen) Co., Ltd., with the relevant procedures nearing completion[15] - The company has not completed the audit and evaluation work related to the major asset acquisition, which is still ongoing[15] Accounting Standards - The company has implemented new leasing standards starting from 2021, which may affect financial reporting and asset management strategies[26] - The company has adopted new leasing standards effective January 1, 2021, which require all leases to be recognized as right-of-use assets and lease liabilities[30]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,241,249,291.38, representing a 39.09% increase compared to ¥892,377,909.64 in the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥115,456,528.20, a significant increase of 207.39% from ¥37,560,782.08 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥102,142,725.70, up 198.96% from ¥34,165,775.85 year-on-year[18]. - The net cash flow from operating activities was ¥81,803,252.80, a remarkable increase of 464.96% compared to ¥14,479,379.81 in the same period last year[18]. - Basic earnings per share increased to CNY 0.52, up 205.88% from CNY 0.17 in the same period last year[19]. - Net profit reached CNY 31.89 million, a year-on-year increase of 371%[19]. - Weighted average return on equity rose to 9.97%, an increase of 6.33 percentage points compared to 3.64% last year[19]. - Revenue and net profit attributable to shareholders increased due to business expansion and product structure optimization[19]. - The company achieved operating revenue of 1.241 billion yuan, a year-on-year increase of 39.09%[45]. - The net profit attributable to shareholders reached 115.46 million yuan, representing a year-on-year growth of 207.39%[41]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders of the listed company were ¥1,185,012,542.11, reflecting a 5.83% increase from ¥1,119,771,930.39 at the end of the previous year[18]. - Total assets at the end of the reporting period amounted to ¥3,125,257,673.12, which is a 4.61% increase from ¥2,987,446,948.14 at the end of the previous year[18]. - Cash and cash equivalents decreased by 32.27% to 16,530.94 million RMB, primarily due to a reduction in bank deposit balances[49]. - Accounts receivable financing decreased by 39.37% to 6,311.10 million RMB, mainly due to a decrease in commercial acceptance bills[49]. - Inventory increased by 40.30% to 46,904.12 million RMB, attributed to the expansion of business scale[49]. - Long-term borrowings increased by 35.33% to 19,150.42 million RMB, primarily due to the addition of new long-term loans[51]. - The total liabilities of the company were ¥1,658,877,745.91 for current liabilities and ¥273,775,000.00 for non-current liabilities, totaling approximately ¥1,932,652,745.91[163]. Environmental Management - The company has established an environmental management system to handle pollutants generated during PCB production, including wastewater and waste gas[77]. - The company reported no exceedance of emission standards for major pollutants in its wastewater and waste gas discharges[78]. - The company has implemented solid waste treatment measures, ensuring recyclable waste is processed and reused without external discharge[80]. - The company has established a dedicated team for environmental management, conducting regular inspections of wastewater and air treatment facilities[85]. - The company has obtained environmental impact assessment approvals for multiple projects, including a 245 million square meter PCB project in 2016 and a 240 million square meter high-precision PCB project in 2020[86]. Risk Management - The company has not reported any significant risks that could materially affect its operations during the reporting period[6]. - The company faces risks from fluctuations in raw material prices, with direct raw materials accounting for a significant portion of operating costs, impacting future production stability and profitability[61]. - The company is exposed to risks from intensified market competition, with a low concentration in the global PCB industry and increasing demands for technological advancements and quality improvements[63]. - The company acknowledges potential risks related to macroeconomic fluctuations and their impact on downstream demand in industries such as consumer electronics and automotive electronics[62]. Research and Development - R&D expenses amounted to 59.85 million yuan, accounting for 4.82% of operating revenue[43]. - The company released 11 new patents during the reporting period, including 8 invention patents[43]. - The company is focused on high-tech, high-value-added products, with applications in 5G communication, automotive electronics, and other emerging fields[39]. Corporate Governance - The company guarantees that all information and documents provided for the transaction are true, accurate, and complete, with no false records or misleading statements[104]. - The company has committed to timely disclose relevant information regarding the transaction in accordance with laws and regulations[105]. - The company has not engaged in any business that competes with its subsidiaries and will not seek to invest in competing businesses[116]. - The company will ensure that any business opportunities within its subsidiaries' main business scope will be offered to them first[108]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 13,575[149]. - The largest shareholder, Junya Enterprise Co., Ltd., holds 145,125,000 shares, representing 65.00% of the total shares[151]. - The total number of shares under the stock incentive plan is 1,995,840, with 1,016,240 shares subject to lock-up requirements[148]. - The company has implemented a stock incentive plan with specific lock-up conditions for key executives, including Li Qiang and Li Peng, each with 120,000 shares[153]. Future Outlook - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[169]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[190]. - The company has set ambitious performance guidance for the next fiscal year, aiming for continued revenue growth and improved profitability[190].

Financial Performance - The company's operating revenue for Q1 2021 reached RMB 578,778,188.28, representing a year-on-year increase of 54.47% compared to RMB 374,681,415.68 in the same period last year[5]. - The net profit attributable to shareholders was RMB 58,935,782.01, a significant turnaround from a loss of RMB 9,953,051.31 in the previous year[5]. - Basic and diluted earnings per share were both RMB 0.26, compared to a loss of RMB 0.04 per share in the previous year[5]. - Operating profit for Q1 2021 was RMB 65.14 million, compared to a loss of RMB 15.11 million in Q1 2020[23]. - The total comprehensive income for Q1 2021 was RMB 58.96 million, compared to a loss of RMB 9.83 million in Q1 2020[24]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,068,581,996.04, an increase of 2.72% from RMB 2,987,446,948.14 at the end of the previous year[5]. - Total liabilities amounted to ¥1,890,486,689.53, up from ¥1,867,675,017.75, marking an increase of around 1.2%[18]. - Owner's equity reached ¥1,178,095,306.51, an increase from ¥1,119,771,930.39, showing a growth of about 5.2%[18]. - Current liabilities rose to ¥1,674,905,903.31, compared to ¥1,650,161,882.91 in the previous quarter, reflecting an increase of approximately 1.5%[17]. - The company reported short-term borrowings of CNY 525,506,951.10 and long-term borrowings of CNY 141,504,199.51[37]. Cash Flow - The net cash flow from operating activities was negative at RMB -31,121,256.25, compared to RMB -10,062,187.21 in the same period last year[5]. - The cash inflow from operating activities was CNY 432,215,764.31, an increase of 32.6% compared to CNY 325,790,857.37 in Q1 2020[29]. - The cash inflow from sales of goods and services was CNY 380,804,944.12 in Q1 2021, an increase of 21.6% from CNY 313,057,007.05 in Q1 2020[29]. - The net cash flow from investment activities was negative CNY 43,894,075.85 in Q1 2021, worsening from negative CNY 21,187,517.23 in Q1 2020[30]. - The net cash flow from financing activities was negative CNY 16,660,493.77 in Q1 2021, compared to positive CNY 24,129,598.92 in Q1 2020[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,664[8]. - The largest shareholder, Junya Enterprise Co., Ltd., held 64.69% of the shares[8]. Operational Insights - The company plans to continue expanding its business and improving operational efficiency to sustain growth[5]. - The company is in the process of acquiring 100% equity of Sumitomo Electric, with related work ongoing[12]. - The simulated combined revenue of acquired subsidiaries reached ¥0.98 billion, with a net profit of ¥11.87 million during the reporting period[10]. Other Financial Metrics - The weighted average return on net assets improved to 5.17%, up from -0.99% in the same period last year[5]. - The company's cash and cash equivalents decreased by 39.77% to ¥146,985,412.44 from ¥244,054,949.72, primarily due to increased payments for goods[10]. - Inventory increased by 35.51% to ¥453,005,394.74, attributed to increased production during the reporting period[10]. - Research and development expenses for Q1 2021 were RMB 28.87 million, slightly down from RMB 29.03 million in Q1 2020[23]. - The company experienced a credit impairment loss of RMB 1.31 million in Q1 2021, compared to a gain of RMB 2.07 million in Q1 2020[23].

Financial Performance - The company's operating revenue for 2020 was CNY 2,065,746,952.43, representing a 40.32% increase compared to CNY 1,472,180,953.85 in 2019[22]. - Net profit attributable to shareholders reached CNY 120,065,676.46, a significant increase of 246.74% from CNY 34,626,602.07 in the previous year[22]. - The basic earnings per share rose to CNY 0.54, up 217.65% from CNY 0.17 in 2019[23]. - The cash flow from operating activities increased to CNY 153,181,684.70, a 236.67% rise compared to CNY 45,498,977.56 in 2019[22]. - The company's total assets at the end of 2020 were CNY 2,987,446,948.14, reflecting a 10.20% increase from CNY 2,710,850,445.68 in 2019[22]. - The weighted average return on equity increased to 11.26%, up 6.77 percentage points from 4.49% in 2019[23]. - The company reported a net profit of CNY 47,513,833.39 in Q2 2020, compared to a loss of CNY 9,953,051.31 in Q1 2020[25]. - The net profit attributable to shareholders for Q4 2020 was CNY 36,506,675.25, showing a recovery trend throughout the year[25]. - The company achieved total revenue of CNY 2.066 billion in 2020, representing a year-on-year growth of 40.32%[50]. - Net profit attributable to shareholders reached CNY 120.07 million, a significant increase of 246.74% compared to the previous year[50]. Dividend Distribution - The company plans to distribute a cash dividend of 2.2 RMB per 10 shares, totaling approximately 49.36 million RMB, which represents 41.11% of the net profit attributable to shareholders for 2020[5]. - The company’s cash dividend policy stipulates that at least 30% of the distributable profit for the year should be distributed as cash dividends[94]. - In 2019, the company distributed a cash dividend of RMB 11,315,136.30 (including tax), accounting for 32.68% of the net profit attributable to shareholders[97]. - For 2018, the cash dividend distributed was RMB 28,252,000.00 (including tax), which was 40.95% of the net profit attributable to shareholders[96]. Risk Management - The company has not identified any significant risks that could materially affect its operations during the reporting period[8]. - The company has outlined various risks it may face, including macroeconomic fluctuations and raw material price volatility[8]. - The company faces risks from macroeconomic fluctuations that could impact PCB demand in downstream industries like consumer electronics[86]. - Increased competition in the PCB industry may affect the company's profitability if it fails to enhance its technological and production capabilities[87]. - Fluctuations in raw material prices, which constitute a significant portion of the company's operating costs, pose a risk to profitability[88]. - The company acknowledges management risks associated with scale expansion, which may lead to delivery delays and increased costs if not managed effectively[90]. Corporate Governance - The company has received a standard unqualified audit opinion from Da Hua Certified Public Accountants[4]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has ensured that all board members attended the board meeting, affirming the accuracy and completeness of the annual report[7]. - The company guarantees that all information and documents related to the transaction provided to intermediaries are true, accurate, and complete, and assumes legal responsibility for any misrepresentation or omissions[101]. - The controlling shareholder and actual controller commit that no competing business will be operated directly or indirectly outside of the company and its subsidiaries[105]. Market Position and Strategy - The company focuses on the printed circuit board (PCB) industry, engaging in R&D, production, and sales of PCBs, including rigid, flexible, and rigid-flex boards, with applications in various sectors such as consumer electronics and automotive electronics[30]. - The company ranks 38th among comprehensive PCB enterprises and 19th among domestic PCB enterprises in China, according to the 2019 China Electronic Circuit Industry Ranking[34]. - The global PCB market was valued at $61.3 billion in 2019, experiencing a slight decline of 1.7% compared to 2018, with future growth driven by IoT, automotive electronics, and cloud servers[34]. - The company is actively responding to the strong demand growth in downstream sectors such as telecommunications, consumer electronics, and automotive electronics[78]. - The company is enhancing its market position by leveraging the shift of global PCB production capacity to China and the rapid growth of electronic terminal products[78]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[52]. Research and Development - The company’s R&D expenses amounted to CNY 113.19 million, up 46.50% year-on-year, accounting for 5.48% of total revenue[47]. - The company has a cumulative total of nearly 10,000 customers for its sample and small batch board products, covering various high-precision PCB types[43]. - The company has established a robust ERP management system to enhance data accuracy and operational efficiency, contributing to effective cost control and production management[36]. - The company is committed to advancing smart manufacturing systems to improve production efficiency and product quality[85]. Environmental Management - The company has established an environmental monitoring system to comply with local regulations and ensure effective pollution monitoring[176]. - The company has implemented measures for solid waste treatment, ensuring that recyclable materials are processed and reused without external discharge[181]. - The company has a total of 123 discharge outlets, with specific locations and methods for wastewater discharge to municipal treatment facilities[179]. - The company has established wastewater discharge standards, including limits for total copper at 2 mg/L and chemical oxygen demand (COD) at 500 mg/L[182]. - The company has reported no instances of exceeding the discharge limits for hazardous waste, demonstrating effective waste management practices[181]. - The company has a dedicated team for environmental management, ensuring pollution control measures are effectively implemented[186]. Legal and Compliance - The company reported no major litigation or arbitration matters exceeding 10% of the latest audited net assets during the reporting period[147]. - The company has not engaged in any entrusted financial management or loans during the reporting period, focusing instead on its core operations[169]. - The company will disclose any related party transactions in accordance with legal and regulatory requirements[123]. - The company has established a stock price stabilization plan to protect shareholder interests if the stock price falls below the net asset value per share for 20 consecutive trading days within three years post-IPO[130].

Financial Performance - Net profit attributable to shareholders increased by 317.83% to CNY 83,559,001.21 for the first nine months of the year[6] - Operating revenue for the first nine months reached CNY 1,471,214,486.08, a 54.60% increase year-on-year[6] - Basic earnings per share rose by 270.00% to CNY 0.37[6] - The weighted average return on equity increased by 4.88 percentage points to 7.93%[6] - Total operating revenue for Q3 2020 reached ¥578,836,576.44, a significant increase of 52% compared to ¥380,797,797.91 in Q3 2019[32] - The company reported a net profit of ¥8,268,674.99 for the first three quarters of 2020, a decrease from ¥58,205,168.79 in the same period of 2019[29] - Net profit attributable to shareholders for Q3 2020 was ¥45,998,219.13, up from ¥8,664,183.51 in Q3 2019, indicating a strong growth trajectory[35] - The company achieved a total profit of ¥51,290,465.02 in Q3 2020, compared to ¥6,319,239.55 in Q3 2019, marking a substantial increase[33] Cash Flow - The net cash flow from operating activities surged by 1,735.77% to CNY 86,613,930.43 compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2020 was 86,613,930.43 RMB, a significant increase from 4,718,137.47 RMB in the first three quarters of 2019[42] - The company’s cash outflow from operating activities totaled 1,075,627,405.68 RMB in Q3 2020, up from 854,732,774.02 RMB in Q3 2019[42] - Cash inflow from financing activities totaled 496,998,763.62 RMB, an increase of 16.5% compared to 426,424,609.54 RMB in Q3 2019[44] Assets and Liabilities - Total assets increased by 4.12% to CNY 2,822,672,739.15 compared to the end of the previous year[6] - The company's total assets reached CNY 2,822,672,739.15 as of September 30, 2020, an increase from CNY 2,710,850,445.68 at the end of 2019[25] - The company's total liabilities increased, with long-term borrowings rising by 44.54% to RMB 160,025,088.74, attributed to cash payments for equity acquisitions[13] - Total liabilities as of September 30, 2020, were CNY 1,739,083,209.24, compared to CNY 1,697,796,876.77 at the end of 2019[25] Shareholder Information - The total number of shareholders reached 12,889 by the end of the reporting period[10] - The largest shareholder, Junya Enterprise Co., Ltd., holds 64.51% of the shares[10] Research and Development - Research and development expenses surged by 96.04% to RMB 82,692,230.18, reflecting the company's commitment to enhancing its R&D capabilities[14] - Research and development expenses for Q3 2020 were ¥27,895,880.42, up from ¥22,594,697.98 in Q3 2019, indicating a 23% increase[32] Other Financial Metrics - Non-recurring gains and losses totaled CNY 6,894,896.94 for the current period[8] - The company's other income increased by 48.42% to RMB 15,027,657.58, benefiting from government subsidies and the consolidation of new subsidiaries[14] - The company reported a comprehensive income total of ¥45,643,916.32 for Q3 2020, compared to ¥9,315,672.05 in Q3 2019[35] - The company incurred credit impairment losses of -64,280.12 RMB in Q3 2020, compared to -397,001.17 RMB in Q3 2019, showing a reduction in credit losses[38]

Financial Performance - The company's total assets reached RMB 2,788,020,680.97, an increase of 2.85% compared to the beginning of the period[18]. - The net profit attributable to shareholders increased by 231.39% year-on-year, amounting to RMB 37,560,782.08[18]. - Basic earnings per share rose to RMB 0.17, reflecting a growth of 183.33% compared to the same period last year[17]. - The weighted average return on net assets increased by 1.91 percentage points to 3.64%[17]. - The net cash flow from operating activities increased significantly due to the consolidation of Shenzhen Mutaile and Changsha Mutaile[18]. - The company's equity attributable to shareholders increased by 3.70% to RMB 1,049,237,581.71[18]. - The basic earnings per share after deducting non-recurring gains and losses reached RMB 0.15, a 400% increase year-on-year[17]. - The company's revenue growth was primarily driven by increased sales volume and the consolidation of Shenzhen Mutaile and Changsha Mutaile[18]. - The diluted earnings per share also stood at RMB 0.17, consistent with the basic earnings per share[17]. - The company's operating revenue for the first half of the year reached ¥892,377,909.64, representing a 56.32% increase compared to the same period last year[19]. - Net profit attributable to shareholders was ¥37,560,782.08, a significant increase of 231.39% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥34,165,775.85, reflecting a remarkable growth of 545.46% compared to the previous year[19]. - The net cash flow from operating activities was ¥14,479,379.81, a turnaround from a negative cash flow of ¥3,883,992.70 in the same period last year, marking a 472.80% improvement[19]. Market Position and Strategy - The company focuses on the printed circuit board (PCB) industry, with main products including double-sided and multi-layer boards, widely used in various electronic applications[24]. - The company's direct sales accounted for approximately 90% of its revenue, maintaining its sales model without changes[26]. - The global PCB market is projected to grow to $75.846 billion by 2025, with a compound annual growth rate of about 4.3% from 2019 to 2024[30]. - The company ranks 38th among comprehensive PCB enterprises and 19th among domestic PCB enterprises in China according to the 2019 industry ranking[30]. - The company is actively expanding its market presence, particularly in the consumer electronics and industrial control sectors, while also enhancing international business efforts[39]. Operational Challenges and Risks - The company did not face any significant operational risks during the reporting period[5]. - The company faces risks from macroeconomic fluctuations that could impact the demand for printed circuit boards (PCBs) in downstream industries[53]. - Increased competition in the PCB market is a concern, as domestic companies expand capacity and market share[53]. - The company’s main raw materials, including copper and oil, are subject to price volatility, which could adversely affect profitability[55]. - The company faces risks related to the leasing of its production facilities, as the properties have not obtained ownership certificates, potentially leading to invalid lease contracts or relocation risks that could adversely affect operations[56]. - Environmental protection requirements are increasing, which may lead to higher compliance costs and impact profitability due to stricter regulations and oversight from government authorities[57]. - The company is expanding its business scale, which raises management challenges; failure to innovate management practices could result in delivery delays, weakened competitiveness, and increased costs[58]. - PCB product quality is critical; any quality issues could lead to significant financial liabilities, prompting the company to enhance internal management and optimize operational processes[58]. - The ongoing COVID-19 pandemic poses risks to the company's overseas operations, which could negatively impact performance if the situation does not improve[58]. Financial Management and Governance - The company is a publicly listed joint-stock company established and effectively existing in the People's Republic of China, listed on the Shanghai Stock Exchange[66]. - The company has not faced any administrative penalties or criminal investigations in the last three years, ensuring compliance with regulatory standards[66]. - The company guarantees the authenticity and completeness of the information provided to intermediaries for the transaction, taking legal responsibility for any misrepresentation[67]. - The company commits to timely disclosure of relevant transaction information in accordance with laws and regulations, ensuring the accuracy of the provided documents[69]. - The controlling shareholder and all directors, supervisors, and senior management have made similar commitments regarding the authenticity of information related to the transaction[68]. - The company has not defaulted on large debts or failed to fulfill commitments in the last three years, maintaining a good credit standing[66]. - The company will not transfer shares if under investigation by judicial authorities or the China Securities Regulatory Commission, ensuring shareholder protection[70]. - The company has established a mechanism for locking shares in case of legal investigations, demonstrating a commitment to investor interests[70]. - The company has not been involved in any significant civil litigation or arbitration related to economic disputes in the last three years[66]. - The company ensures that all documents related to the transaction are consistent and accurately signed, reinforcing the integrity of the transaction process[67]. - Guangdong Junya has established an independent financial accounting department with a complete financial accounting system and effective internal control measures[73]. - The company maintains a strict separation of assets from its shareholders, ensuring no funds or assets are occupied by shareholders[73]. - Guangdong Junya has a fully independent procurement, research and development, and sales system, allowing for autonomous market operations[74]. - The company has committed to not engaging in any competitive business activities with its controlling shareholders or related parties[74]. - Guangdong Junya's management team, including the general manager and financial director, works exclusively for the company and does not hold positions in related enterprises[73]. - The company has a clear organizational structure with defined responsibilities, ensuring independent operation of its governance bodies[73]. - Guangdong Junya has pledged to comply with relevant laws and regulations to prevent any non-operational occupation of funds by its controlling shareholders[76]. Environmental Compliance - The company is listed as a key pollutant discharge unit by the Huizhou Ecological Environment Bureau for 2020, indicating its environmental compliance status[122]. - The company’s subsidiary, Longnan Junya, is recognized as a key pollutant discharge unit in Jiangxi Province, highlighting its environmental management practices[123]. - The company has established an environmental management system to handle pollutants generated during PCB production, including wastewater and waste gas[124]. - The company’s wastewater discharge includes pollutants such as ammonia nitrogen and total copper, with specific discharge limits set by environmental regulations[124]. - The company has implemented measures for solid waste disposal, ensuring that waste is handled by qualified disposal units and not released into the environment[124]. - The company has established a comprehensive waste disposal strategy, ensuring hazardous waste is handled by qualified units[129]. - The company and its subsidiaries have established pollution control facilities that comply with environmental assessment approvals and discharge permits, ensuring all emissions meet regulatory standards[131]. - The company has received environmental impact assessment approvals for multiple projects, including a 2.45 million square meter multi-layer PCB project and a 2.4 million square meter high-precision PCB project[133]. - The existing discharge permit for Changsha Mutaile is valid until May 25, 2023, ensuring continued compliance with environmental regulations[134]. - The company has implemented an emergency response plan for environmental pollution incidents, which has been filed with relevant authorities[135]. - The company has installed online monitoring systems for pH, chemical oxygen demand, and ammonia nitrogen, with real-time data transmitted to the environmental protection bureau[137]. - The company has conducted regular maintenance and management of its environmental protection facilities, ensuring their proper operation[132]. - The company has established a self-monitoring plan for environmental indicators, utilizing both manual and automatic monitoring methods[137]. Shareholder Information - The total number of shares after the recent changes is 224,953,008, a decrease of 1,347,760 shares due to the repurchase and cancellation of restricted stocks[150]. - The proportion of restricted shares decreased from 74.96% to 74.81%, while the proportion of unrestricted shares increased from 25.04% to 25.19%[149]. - The number of shares held by foreign investors increased from 145,125,000 (64.13%) to 145,125,000 (64.51%) after the changes[149]. - The company completed the repurchase and cancellation of 1,347,760 restricted shares on June 24, 2020, due to performance assessment failures[150]. - The total number of shareholders at the end of the reporting period was 15,369[155]. - The largest shareholder, Junya Enterprise Limited, holds 145,125,000 shares, representing 64.51% of the total shares[157]. - The second-largest shareholder, Chen Xingnong, holds 9,776,421 shares, accounting for 4.35% of the total shares[157]. - The company has no shares under pledge or freeze as of the reporting date[157]. - The number of shares held by domestic natural persons decreased from 24,500,768 (10.83%) to 23,153,008 (10.29%) due to the cancellation of restricted shares[149]. - The company’s financial statements reflect the updated share capital and earnings per share calculations based on the new total of 224,953,008 shares[151]. - The top ten unrestricted shareholders include Yan Gengsheng with 1,914,969 shares (0.85%), Chen Shaode with 1,914,969 shares (0.85%), and Chen Chuandong with 1,007,878 shares (0.45%)[158]. - The total number of restricted shares held by the top shareholder, Junya Enterprise Co., Ltd., is 145,125,000, which will be tradable starting from September 14, 2020[160]. - Chen Xingnong holds 9,776,421 restricted shares, which will be tradable in batches starting from September 7, 2020, subject to performance commitments[160]. - The company has reported a total of 1,914,969 shares held by Yan Gengsheng, which will also be subject to performance commitments and tradable starting from September 7, 2020[161]. - The report indicates that there are no changes in the controlling shareholder or actual controller[162]. - The financial report includes a consolidated balance sheet as of June 30, 2020, prepared by Guangdong Junya Electronics Technology Co., Ltd.[169]. - The company has not disclosed any stock incentive plans for directors, supervisors, or senior management during the reporting period[165]. - There were share buybacks resulting in a reduction of shares held by directors and executives, with Li Qiang and Li Peng each reducing their holdings by 90,000 shares[165]. - The report confirms that there are no strategic investors or general legal entities becoming the top ten shareholders due to new share placements[162]. - The company has not issued any bonds during the reporting period[167].

Financial Performance - Operating revenue increased by 36.88% to CNY 374,681,415.68 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 157.88% to a loss of CNY 9,953,051.31 compared to the same period last year[6] - Basic earnings per share decreased by 144.44% to CNY -0.04 compared to CNY 0.09 in the same period last year[6] - The company reported a significant decline in net profit and cash flow, indicating potential challenges ahead[6] - Total operating revenue for Q1 2020 was CNY 374.68 million, a 37% increase from CNY 273.73 million in Q1 2019[26] - Net profit for Q1 2020 was a loss of CNY 9.95 million, compared to a profit of CNY 17.20 million in Q1 2019, representing a significant decline[27] - The company reported a gross profit margin of -5.4% in Q1 2020, down from 6.8% in Q1 2019[26] - Operating profit for Q1 2020 was a loss of CNY 15.11 million, compared to a profit of CNY 18.64 million in Q1 2019[26] - The total comprehensive income for Q1 2020 was a loss of CNY 9.83 million, compared to a profit of CNY 16.35 million in Q1 2019[27] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 125.17% to a negative CNY 10,062,187.21 compared to the same period last year[6] - The company reported a net cash outflow from operating activities of CNY -10.06 million, a decrease of 125.17% from CNY 39.97 million in the previous year[14] - In Q1 2020, cash inflow from operating activities was CNY 325,790,857.37, up from CNY 236,686,071.22 in Q1 2019, representing an increase of approximately 37.5%[31] - The net cash flow from operating activities in Q1 2020 was negative CNY 10,062,187.21, compared to a positive CNY 39,969,985.72 in Q1 2019, indicating a significant decline[32] - Cash inflow from financing activities in Q1 2020 was CNY 197,504,517.47, compared to CNY 106,105,821.99 in Q1 2019, marking an increase of approximately 86.2%[32] - The net cash flow from financing activities in Q1 2020 was CNY 24,129,598.92, a turnaround from a negative CNY 19,909,972.90 in Q1 2019[32] - Cash and cash equivalents at the end of Q1 2020 totaled CNY 98,349,576.40, down from CNY 41,096,120.56 at the end of Q1 2019[32] - The company experienced a net decrease in cash and cash equivalents of CNY 6,613,083.03 in Q1 2020, contrasting with an increase of CNY 10,357,240.26 in Q1 2019[32] Assets and Liabilities - Total assets decreased by 3.43% to CNY 2,617,894,281.33 compared to the end of the previous year[6] - Total liabilities decreased from ¥1,697,796,876.77 to ¥1,615,901,861.65, a decline of about 4.8%[21] - Total equity decreased from ¥1,013,053,568.91 to ¥1,001,992,419.68, a reduction of approximately 1.1%[21] - Cash and cash equivalents decreased from ¥42,322,246.22 to ¥25,270,722.32, a decline of about 40.4%[23] - Accounts receivable decreased from ¥205,689,171.94 to ¥145,814,206.67, a reduction of approximately 29.1%[24] - Current liabilities decreased from ¥1,517,584,280.65 to ¥1,437,482,531.23, a reduction of about 5.3%[20] - Non-current liabilities decreased from ¥180,212,596.12 to ¥178,419,330.42, a decrease of approximately 1.0%[21] - Total assets amounted to CNY 2,710,850,445.68, with non-current assets accounting for CNY 1,601,300,086.82[37] Expenses - Operating costs increased by 40.71% to CNY 313.73 million, up from CNY 222.96 million, primarily due to higher sales volume[13] - Research and development expenses surged by 198.69% to CNY 29.03 million, compared to CNY 9.72 million, driven by increased R&D needs from subsidiaries[13] - Sales expenses rose significantly by 176.03% to CNY 15.94 million, up from CNY 5.78 million, reflecting enhanced business expansion efforts[14] - Total operating costs for Q1 2020 were CNY 394.02 million, up 50% from CNY 262.16 million in Q1 2019[26] - Cash outflow for purchasing goods and services in Q1 2020 was CNY 208,078,538.75, a substantial increase from CNY 96,523,807.09 in Q1 2019, reflecting a growth of about 115.5%[32] Shareholder Information - The total number of shareholders reached 15,688 at the end of the reporting period[10] - The largest shareholder, Junya Enterprise Co., Ltd., holds 64.13% of the shares[10] Other Information - Non-recurring gains and losses totaled CNY 1,568,695.32 for the period[8] - The company disposed of its 51% stake in Shanghai Qianglin Electronic Technology Co., Ltd. for CNY 1.73 million, resulting in the company no longer consolidating this subsidiary[15] - The company implemented a new revenue recognition standard effective January 1, 2020, adjusting prepayments to contract liabilities[38] - The company implemented new revenue and lease standards starting from 2020, adjusting only the beginning retained earnings and related financial statement items for the first year of implementation, without altering comparative period information[43]

Financial Performance - The company's operating revenue for 2019 was CNY 1,472,180,953.85, representing a year-on-year increase of 31.44% compared to CNY 1,120,072,953.73 in 2018[23]. - The net profit attributable to shareholders for 2019 was CNY 34,626,602.07, a decrease of 49.81% from CNY 68,994,249.42 in 2018[23]. - The net cash flow from operating activities was CNY 45,498,977.56, down 25.18% from CNY 60,814,050.27 in the previous year[23]. - The total assets at the end of 2019 were CNY 2,710,850,445.68, an increase of 80.22% compared to CNY 1,504,154,088.60 at the end of 2018[25]. - The net assets attributable to shareholders increased by 54.48% to CNY 1,011,823,908.40 at the end of 2019 from CNY 654,991,544.76 at the end of 2018[25]. - Basic earnings per share for 2019 were CNY 0.17, a decrease of 50.00% from CNY 0.34 in 2018[24]. - The weighted average return on equity for 2019 was 4.49%, down 6.41 percentage points from 10.90% in 2018[25]. - The company achieved total revenue of 1.472 billion RMB, representing a year-on-year growth of 31.44%[59]. - Net profit attributable to shareholders was 34.63 million RMB, a decrease of 49.81% compared to the previous year[59]. Dividend Distribution - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares, totaling approximately 11.32 million RMB based on a total share capital of 226,300,768 shares as of December 31, 2019[4]. - The company does not plan to issue new shares or convert capital reserves into shares for the 2019 profit distribution[4]. - The cash dividend distribution is designed to ensure the interests of shareholders, especially minority shareholders, while supporting the company's sustainable development[118]. - The company plans to distribute at least 30% of the annual distributable profit in cash over the next three years (2017-2019) if the profit is positive and the audit report is unqualified[115]. - The cash dividend distribution for 2017, 2018, and 2019 reflects a consistent approach to shareholder returns[121]. Operational Risks and Management - There are no significant risks that could materially affect the company's operations during the reporting period, including risks from macroeconomic fluctuations and raw material price volatility[7]. - The company has outlined various risks and countermeasures in its operational analysis section, including intensified market competition[7]. - The company recognizes risks from macroeconomic fluctuations and intensified market competition, particularly in the PCB industry, which could negatively impact revenue and profitability[106]. - The company is aware of environmental risks associated with production processes and is investing in compliance and improvement of environmental capabilities[109]. - The company has implemented strict procurement and production management systems to enhance operational efficiency[41]. Strategic Initiatives - The company is undergoing a strategic adjustment, leading to increased costs from production line upgrades and business expansion efforts[25]. - The company aims to enhance production efficiency and reduce operational costs in response to increasing market competition and cost pressures[103]. - The company plans to expand its market presence by developing new customers and deepening cooperation with strategic clients in both domestic and international markets[103]. - The company is focusing on high-density, high-precision, and high-performance PCB products to meet the evolving demands of various application fields[98]. - The company intends to improve its product quality and operational capabilities to become a trusted supplier of electronic circuit boards, aiming for profit growth and good returns for shareholders[102]. Acquisitions and Investments - The company completed a major asset restructuring, acquiring 100% equity of Changsha Mutailai and Shenzhen Mutailai, enhancing its capabilities in prototype and small-batch production[53]. - The company completed the acquisition of 100% equity in Changsha Mutai and Shenzhen Mutai for a total transaction price of RMB 728.20 million[178]. - The performance commitment for the acquired companies includes a net profit of no less than RMB 60.50 million, RMB 65.60 million, and RMB 72.50 million for the years 2018, 2019, and 2020 respectively[179]. - The actual net profit for 2019 was RMB 62.36 million, falling short of the commitment by 4.93%[181]. Environmental Compliance - The company has established an environmental management system to comply with regulatory requirements and minimize pollution[196]. - The company is recognized as a key pollutant discharge unit by local environmental authorities, indicating its significant environmental impact and regulatory compliance[195]. - The company adheres to environmental standards, with wastewater treatment processes in place to manage pollutants effectively[199]. - The company emphasizes safety production and environmental protection, adhering to strict safety management protocols and environmental regulations[192]. Corporate Governance - The company has established a complete corporate governance structure, ensuring independent operation of its board and management[147]. - The company has committed to maintaining high standards of information disclosure, ensuring transparency and protecting shareholder interests[190]. - The company guarantees the authenticity, accuracy, and completeness of the information provided for the transaction, and will bear legal responsibility for any false statements or omissions[125]. - The company has established a linkage between the compensation system and the performance measures to ensure accountability among its directors and senior management[22]. Financial Management - The company is actively exploring new financing channels to support long-term development and project construction, while also leveraging existing financing foundations[105]. - The company has invested RMB 40 million in bank wealth management products using idle raised funds[187]. - The company has plans for future wealth management investments, indicating a proactive approach to managing idle funds[188].

Financial Performance - Operating revenue for the first nine months rose by 13.43% to CNY 951,654,264.35 compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 68.52% to CNY 19,998,364.98 compared to the same period last year[7]. - Basic earnings per share decreased by 67.74% to CNY 0.10 compared to the same period last year[7]. - The weighted average return on equity decreased by 6.76 percentage points to 3.05% compared to the same period last year[7]. - The company reported a total operating revenue of ¥951,654,264.35 for the first three quarters of 2019, a 13.4% increase from ¥838,960,819.22 in the same period of 2018[35]. - Net profit for Q3 2019 was ¥8,685,751.78, compared to ¥23,091,519.81 in Q3 2018, reflecting a decrease of 62.3%[36]. - Total profit for Q3 2019 was ¥6,319,239.55, compared to ¥23,973,167.32 in Q3 2018, a decline of 73.7%[36]. - Total comprehensive income for Q3 2019 was ¥9,337,240.32, compared to ¥23,407,343.10 in Q3 2018, a decrease of 60.1%[38]. Assets and Liabilities - Total assets increased by 68.00% to CNY 2,526,919,364.42 compared to the end of the previous year[7]. - Net assets attributable to shareholders increased by 53.28% to CNY 1,003,976,913.68 compared to the end of the previous year[7]. - Cash and cash equivalents increased by 65.55% to ¥112,897,124.72 due to increased bank credit limits and higher deposits[13]. - Accounts receivable rose by 75.83% to ¥387,869,324.76, primarily due to increased revenue during the reporting period[13]. - Inventory increased by 35.44% to ¥294,327,499.19, attributed to the acquisition of Changsha Mutai and Shenzhen Mutai[13]. - Long-term borrowings skyrocketed by 1018.85% to ¥112,029,728.66, reflecting new long-term loans taken during the reporting period[14]. - Total liabilities reached ¥1,521,612,190.63, up from ¥849,162,543.84, marking a growth of around 79%[28]. - Current liabilities rose to ¥1,283,895,203.58 from ¥834,854,080.32, reflecting an increase of approximately 54%[28]. Cash Flow - Net cash flow from operating activities decreased by 93.89% to CNY 4,718,137.47 compared to the same period last year[7]. - Cash flow from operating activities decreased by 93.89% to CNY 4,718,137.47 compared to CNY 77,239,032.99 in the same period last year, primarily due to an increase in accounts receivable[22]. - The company reported a net cash outflow from investing activities of approximately ¥266.90 million for the first three quarters of 2019, compared to a net outflow of ¥114.15 million in the same period of 2018[43]. - Total financing cash inflow for the first three quarters of 2019 was approximately ¥720.62 million, significantly higher than ¥340.08 million in the same period of 2018[43]. - The financing activities generated a net cash inflow of ¥240,933,073.44 in Q3 2019, a turnaround from a net outflow of ¥9,742,814.92 in the previous year[45]. Shareholder Information - The total number of shareholders reached 19,866 as of the report date[11]. - The largest shareholder, Junya Enterprise Co., Ltd., holds 64.13% of the shares, totaling 145,125,000 shares[11]. - Shareholders' equity increased to ¥1,005,307,173.79, compared to ¥654,991,544.76, which is an increase of about 53%[28]. Acquisitions and Investments - The company completed the acquisition of Shenzhen Mutai and Changsha Mutai, resulting in significant increases in goodwill and intangible assets[14]. - The company completed the acquisition of 100% equity in Shenzhen Mutaile and Changsha Mutaile, with the transaction approved by the China Securities Regulatory Commission on June 27, 2019[19]. - Other payables surged by 2125.00% to ¥103,748,962.16, primarily due to cash consideration for the acquisitions and employee stock incentive obligations[14]. Expenses - Management expenses rose by 47.40% to ¥58,563,817.55, due to increased personnel costs and related fees[15]. - Research and development expenses for Q3 2019 totaled ¥22,594,697.98, an increase from ¥15,430,718.99 in Q3 2018[35]. - The company incurred interest expenses of approximately ¥6.48 million in the first three quarters of 2019, compared to ¥4.12 million in the same period of 2018, indicating increased borrowing costs[39]. Compliance and Standards - The company adopted new financial instrument standards effective January 1, 2019, with no reclassification adjustments for financial assets[49]. - The company remains committed to adhering to new accounting standards to ensure accurate financial reporting[49].