证券代码：603386 证券简称：骏亚科技 公告编号：2023-026 具体内容详见公司通过指定信息披露媒体及上海证券交易所网站 （www.sse.com.cn）同日披露的《骏亚科技：2023 年半年度报告》和《骏亚科技： 2023 年半年度报告摘要》。 广东骏亚电子科技股份有限公司 第三届董事会第十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、董事会会议召开情况 广东骏亚电子科技股份有限公司（以下简称"公司"）第三届董事会第十六 次会议（以下简称"会议"）通知于 2023 年 8 月 19 日以邮件、通讯等形式发 出，会议于 2023 年 8 月 29 日以现场结合通讯的方式在公司会议室召开。本次会 议由董事长叶晓彬召集并主持，应出席董事 9 名，实际出席 9 名。公司全体监事 及高级管理人员列席了本次会议。本次会议的召开符合《中华人民共和国公司法》 等相关法律、法规和《公司章程》的有关规定，会议合法有效。 二、董事会会议审议情况 （一）审议通过《关于公司 2023 年半年度报告全文及 ...

证券代码：603386 证券简称：骏亚科技 公告编号：2023-020 广东骏亚电子科技股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 05 月 18 日(星期四)下午 16:00-17:00 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 11 日(星期四)至 05 月 17 日(星期三)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 investor@championasia.hk 进行提问，公司将在说明会上对投资者普遍关注的 问题进行回答。 广东骏亚电子科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 25 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度 经营成果、财务状 ...

2023 年第一季度报告 证券代码：603386 证券简称：骏亚科技 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 上年同期 | | 本报告期比上 年同期增减变 动幅度(%) | | --- | --- | --- | --- | --- | | | | 调整前 | 调整后 | 调整后 | | 营业收入 | 570,115,248.31 | 631,369,470.70 | 631,369,470.70 | -9.70 | | 归属于上市公司股 | 12,558,989.57 | 30,994,887.46 | 30,132,517.25 | -58.32 | | 东的净利润 | | | | | | 归属于上市公司股 东的扣除非经常性 | 9,700,341.4 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares to all shareholders, pending approval at the 2022 annual general meeting[6]. - The total cash dividend for the 2022 fiscal year is RMB 65.264 million, which represents 40.13% of the net profit attributable to shareholders[145]. - The company has a clear cash dividend policy that requires a minimum of 20% of the total dividend amount to be distributed in cash if there are significant investment plans or cash expenditures[144]. - In 2021, the company distributed a total cash dividend of RMB 93.235 million, accounting for 44.95% of the net profit attributable to shareholders[145]. - The company's profit distribution plan is subject to approval at the annual shareholders' meeting, ensuring transparency and shareholder engagement[146]. Financial Performance - The company's operating revenue for 2022 was ¥2,572,827,310.93, a decrease of 5.65% compared to ¥2,726,901,374.99 in 2021[28]. - The net profit attributable to shareholders for 2022 was ¥162,625,763.25, down 21.17% from ¥206,291,788.38 in 2021[28]. - The basic earnings per share for 2022 was ¥0.60, representing a decline of 34.07% from ¥0.91 in 2021[29]. - The weighted average return on equity decreased to 10.90% in 2022, down 5.56 percentage points from 16.46% in 2021[29]. - The total assets at the end of 2022 were ¥3,570,262,819.89, an increase of 1.54% compared to ¥3,516,141,795.00 at the end of 2021[28]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period[11]. - The company has outlined various risks in its operations, including macroeconomic fluctuations and raw material price volatility[11]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[7]. - The company faced risks from raw material price fluctuations, as direct raw materials account for a significant portion of operating costs, and any substantial price increases could adversely affect profitability[106]. - The company acknowledges the risk of intensified market competition, particularly from larger firms with advanced technology and production capabilities, which could affect its market position[107]. Corporate Governance - The company has established a robust governance structure, ensuring independence from its controlling shareholder in terms of operations, finance, and management[116]. - The board of directors consists of 9 members, including 3 independent directors, and held 12 meetings during the reporting period, ensuring compliance with legal and regulatory requirements[115]. - The supervisory board held 10 meetings with no absences, actively participating in decision-making and maintaining oversight of the company's operations and financial status[116]. - The company has improved its investor relations management through various channels, including phone consultations and performance briefings[116]. - The company has not encountered any significant discrepancies in governance compared to regulatory requirements[116]. Research and Development - The company invested CNY 131.87 million in R&D, accounting for 5.13% of operating revenue, and added 90 new patents during the reporting period[42]. - The company has a diverse product structure, including rigid circuit boards (RPCB), flexible circuit boards (FPC), and high-density interconnect circuit boards (HDI), with the capability to produce boards with 1-108 layers[48]. - The number of R&D personnel is 591, making up 12.53% of the total workforce[78]. - The company plans to continue increasing R&D investment, focusing on high-layer boards, high-frequency boards, and new applications in sectors like new energy and 5G communication, with an emphasis on energy-saving and resource recycling technologies[103]. - The company has established partnerships with research institutions to enhance its innovation capabilities[125]. Environmental Compliance - The company has established a robust internal control system that meets the requirements of the Ministry of Finance and the China Securities Regulatory Commission, ensuring compliance and asset security[155]. - The company has implemented a performance evaluation system for senior management, linking their compensation to the achievement of operational goals[153]. - The company has established pollution control facilities that meet environmental assessment and discharge permit requirements, ensuring compliance with emission standards[173]. - The company has implemented solid waste treatment measures, ensuring that all solid waste is either recycled or safely disposed of without external discharge[167]. - The company has established an emergency response plan for environmental pollution incidents to ensure public safety and effective crisis management[176]. Market Strategy - The company’s strategic focus includes expanding into new energy and automotive electronics sectors, while maintaining its core PCB services[37]. - The company plans to enhance its product structure and customer base, focusing on expanding its presence in the renewable energy sector, particularly in photovoltaic inverters[102]. - The company intends to leverage its accumulated advantages in technology, quality, and service to meet customer demands and expand its market share[101]. - The company is committed to advancing smart manufacturing and digital transformation to improve production efficiency and reduce labor costs[100]. - The company is transitioning PCB manufacturing operations to its wholly-owned subsidiary, Huizhou Junya Precision, which will change its corporate tax rate from 15% to 25% due to non-compliance with high-tech enterprise standards[111]. Employee Engagement - The company has established an internal talent training program to enhance employee skills and knowledge, including various training types for new and existing employees[142]. - The company has a structured approach to employee incentives, including stock options and employee shareholding plans, to motivate staff and align their interests with company performance[151]. - The company completed the second phase of its employee stock ownership plan, purchasing a total of 11,890,000 shares, which represents 3.64% of the total issued share capital, at an average price of approximately 10.43 CNY per share, totaling 124.01 million CNY[152]. - The company has established a comprehensive employee protection system to ensure fair treatment and equal opportunities for all employees[195]. - The company has implemented a performance evaluation system for senior management, linking their compensation to the achievement of operational goals[153].

Key Financial Data [Key Accounting Data and Financial Indicators](index=2&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's core financial indicators declined in Q3 and the first three quarters of 2022 due to lower revenue and higher costs **Key Financial Indicators for Q3 and First Three Quarters of 2022** | Item | Current Reporting Period (Q3) | YTD | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 0.608 billion RMB | 1.927 billion RMB | -1.73% | | Net Profit Attributable to Shareholders | 0.041 billion RMB | 0.116 billion RMB | -34.49% | | Net Profit Attributable to Shareholders (Non-recurring items deducted) | 0.040 billion RMB | 0.104 billion RMB | -32.49% | | Net Cash Flow from Operating Activities | N/A | 0.201 billion RMB | 12.32% | | Basic Earnings Per Share (RMB/Share) | 0.13 RMB | 0.36 RMB | -54.43% | | Weighted Average Return on Equity | 2.35% | 7.40% | Decreased by 7.70 percentage points | **Key Balance Sheet Data at the End of the Reporting Period** | Item | End of Current Period (2022-09-30) | End of Previous Year (2021-12-31) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3.467 billion RMB | 3.514 billion RMB | -1.34% | | Equity Attributable to Shareholders | 1.458 billion RMB | 1.535 billion RMB | -5.00% | - The company acquired Junya Intelligence, a business under common control, and consolidated its financial statements from September 2022, leading to a retrospective restatement of comparative financial data[8](index=8&type=chunk)[9](index=9&type=chunk) [Non-recurring Profit and Loss Items](index=4&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains for the year-to-date period were mainly from government subsidies, partially offset by losses from a business combination **Major Non-recurring Profit and Loss Items (YTD)** | Item | Amount (Million RMB) | | :--- | :--- | | Government grants included in current profit or loss | 17.08 | | Net profit/loss of subsidiary from beginning of period to merger date for business combination under common control | -2.36 | | Other non-operating income and expenses | -0.33 | | **Total** | **12.09** | [Analysis of Changes in Key Financial Indicators](index=5&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) The sharp decline in net profit and EPS was driven by lower revenue, rising costs, and share dilution from a bonus issue - Net profit attributable to shareholders **declined over 34% YoY** for both the current quarter and year-to-date, mainly due to decreased revenue, increased costs, and lower government subsidies[12](index=12&type=chunk) - Basic and diluted EPS **decreased by over 50% YoY** for both the current quarter and year-to-date, primarily due to lower net profit and an increase in total share capital from the 2021 bonus issue[12](index=12&type=chunk) Shareholder Information [Shareholder Holdings](index=5&type=section&id=%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company has a highly concentrated ownership structure, with the controlling shareholder holding over 60% of the shares - As of the end of the reporting period, the company had **21,612 common shareholders**[14](index=14&type=chunk) **Top Ten Shareholders** | Shareholder Name | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | | Junya Enterprise Co, Ltd | 60.26 | Foreign Legal Entity | | Chen Xingnong | 2.55 | Domestic Individual | | Guangdong Daxing Huaqi Asset Management - Daxing Huaqi Fendou No. 5 Private Equity Fund | 2.39 | Other | | Huizhou Innovation Investment Co, Ltd | 1.13 | State-owned Legal Entity | | Gao Rongshun | 0.81 | Domestic Individual | - Individual shareholders Chen Xingnong, Chen Shaode, Yan Gengsheng, and Xie Xiang are related parties acting in concert, and "Daxing Huaqi Fendou No. 5" is the platform for the company's second employee stock ownership plan[16](index=16&type=chunk) Quarterly Financial Statements [Consolidated Balance Sheet](index=7&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Total assets slightly decreased, while a significant increase in construction in progress indicates substantial capital investment **Key Items of the Consolidated Balance Sheet** | Item | Sep 30, 2022 (Billion RMB) | Dec 31, 2021 (Billion RMB) | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Total current assets | 1.370 | 1.589 | Decrease | | Total non-current assets | 2.097 | 1.925 | Increase | | **Total Assets** | **3.467** | **3.514** | **-1.34%** | | **Liabilities** | | | | | Total current liabilities | 1.689 | 1.715 | Decrease | | Total non-current liabilities | 0.319 | 0.264 | Increase | | **Total Liabilities** | **2.009** | **1.979** | **+1.52%** | | **Shareholders' Equity** | **1.458** | **1.535** | **-5.00%** | - **Construction in progress increased by over 150%** from 0.090 billion RMB to 0.226 billion RMB, indicating significant capital expenditure or project construction[18](index=18&type=chunk) - Capital reserve decreased from 0.834 billion RMB to 0.630 billion RMB, primarily due to the **conversion of capital reserve to share capital** as part of the 2021 profit distribution plan[19](index=19&type=chunk) [Consolidated Income Statement](index=10&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) Despite stable revenue in the first three quarters of 2022, rising operating expenses led to a sharp decline in net profit **Core Data of Consolidated Income Statement (First Three Quarters 2022)** | Item | First Three Quarters 2022 (Billion RMB) | First Three Quarters 2021 (Billion RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1.927 | 1.960 | -1.73% | | Total Operating Costs | 1.818 | 1.795 | +1.24% | | Of which: Cost of Revenue | 1.533 | 1.518 | +0.99% | | Selling Expenses | 0.061 | 0.045 | +35.78% | | Administrative Expenses | 0.118 | 0.104 | +13.67% | | R&D Expenses | 0.104 | 0.096 | +8.78% | | Operating Profit | 0.120 | 0.194 | -38.26% | | Net Profit Attributable to Parent Company | 0.116 | 0.178 | -34.49% | [Consolidated Cash Flow Statement](index=12&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Robust operating cash flow was offset by higher investment outflows and a financing outflow, reducing the final cash balance **Consolidated Cash Flow Statement (First Three Quarters 2022)** | Item | First Three Quarters 2022 (Billion RMB) | First Three Quarters 2021 (Billion RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 0.201 | 0.179 | +12.32% | | Net Cash Flow from Investing Activities | -0.272 | -0.186 | Net outflow increased | | Net Cash Flow from Financing Activities | -0.024 | 0.107 | Shifted from positive to negative | | Net Increase in Cash and Cash Equivalents | -0.092 | 0.098 | Significant decrease | | Cash and Cash Equivalents at End of Period | 0.094 | 0.289 | -67.47% | - Net cash outflow from investing activities increased significantly, as cash paid for fixed and other long-term assets rose from 0.117 billion RMB to 0.255 billion RMB, reflecting an active investment strategy[26](index=26&type=chunk) - Cash flow from financing activities shifted from a net inflow to a net outflow, as cash outflows for debt repayment (0.543 billion RMB) and dividend distribution (0.118 billion RMB) exceeded inflows from borrowings (0.662 billion RMB)[27](index=27&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 1.32 billion, representing a 6.26% increase compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 34.57% year-on-year, amounting to approximately RMB 75.54 million[19]. - The net profit after deducting non-recurring gains and losses was approximately RMB 64.79 million, down 36.57% from the previous year[19]. - Basic earnings per share decreased by 38.46% to CNY 0.32 compared to the same period last year[20]. - The company's small-batch business generated revenue of CNY 244.38 million, a growth of 4.73% year-on-year, with a net profit of CNY 31.68 million, an increase of 3.48%[41]. - The company's total comprehensive income for the first half of 2022 was CNY 75,518,354.72, down from CNY 115,253,640.62 in the first half of 2021[170]. - The company reported a net profit attributable to shareholders for the first half of 2022 was approximately 49.36 million, a decrease from the previous year's profit[194]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 110.69%, reaching approximately RMB 172.35 million[19]. - The total assets of the company at the end of the reporting period were approximately RMB 3.43 billion, a 1.22% increase from the end of the previous year[19]. - The company's cash and cash equivalents increased to CNY 281,974,682.82 from CNY 272,319,560.16, showing a growth of approximately 2.42%[159]. - The total cash and cash equivalents at the end of the period were CNY 190,596,661.66, compared to CNY 108,872,187.13 at the end of the first half of 2021, indicating a year-on-year increase of 75.2%[177]. Research and Development - The company's R&D investment has increased as part of its strategy to expand business and enhance product offerings[20]. - Research and development expenses amounted to CNY 74,417,647.96, representing a 24.34% increase year-on-year, with R&D expenses accounting for 5.64% of total revenue[44]. - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing product efficiency[116]. Market Position and Strategy - The company ranks 35th among the top 100 PCB enterprises in China according to the 2021 industry ranking[34]. - The company has established stable partnerships with over 10,000 clients, including well-known companies such as BYD and Samsung[39]. - The company is focusing on high-tech, high-value-added emerging application products, with significant applications in consumer electronics and automotive electronics[38]. - The global PCB market is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2026[33]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million yuan allocated for potential deals[116]. Environmental Compliance - The company is listed as a key pollutant discharge unit by the Huizhou Ecological Environment Bureau for water and soil environments in 2022[78]. - The company has established an environmental protection system and management protocols to handle pollutants generated during PCB production[77]. - The company has implemented solid waste management measures by entrusting qualified disposal units for regular recycling or safe treatment of solid waste generated during production[81]. - The company’s wastewater treatment facilities are designed to meet the discharge standards set by local environmental authorities[79]. - The company has established a comprehensive waste management strategy to minimize environmental impact[83]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 17,051[147]. - The largest shareholder, Junya Enterprise Co., Ltd., holds 145,125,000 shares, representing 62.26% of total shares[149]. - The company proposed a cash dividend of RMB 4.00 per 10 shares and a capital reserve conversion of 4 shares for every 10 shares, approved at the 2021 annual shareholders' meeting[140]. - The total share capital increased from 233,087,543 shares to 326,322,560 shares following the implementation of the profit distribution and capital reserve conversion[141]. Risks and Challenges - The company reported a significant risk related to raw material price fluctuations, which could adversely affect profitability if not managed effectively[61]. - The company faces risks from intensified market competition, particularly from larger PCB manufacturers with advanced technology and production capabilities[62]. - The company acknowledges potential risks from macroeconomic fluctuations affecting demand in the PCB industry, which is closely tied to consumer electronics and other sectors[62]. - The company faces management risks due to rapid business expansion, which may lead to delivery delays, weakened competitiveness, and increased costs if management innovation does not keep pace[65].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 631,369,470.70, representing a year-on-year increase of 9.09%[5]. - Total operating revenue for Q1 2022 was CNY 631,369,470.70, an increase of 9.06% compared to CNY 578,778,188.28 in Q1 2021[21]. - Total operating costs for Q1 2022 were CNY 608,823,782.39, up 15.87% from CNY 525,243,359.55 in Q1 2021[21]. - Net profit for Q1 2022 was CNY 30,994,887.46, a decrease of 47.36% from CNY 58,935,782.01 in Q1 2021[23]. - Operating profit for Q1 2022 was CNY 29,231,067.98, down 55.16% from CNY 65,139,701.48 in Q1 2021[23]. - Total comprehensive income for Q1 2022 was CNY 31,057,126.62, a decrease of 47.38% from CNY 58,963,826.97 in Q1 2021[24]. Earnings and Shareholder Metrics - The net profit attributable to shareholders decreased by 47.41% to CNY 30,994,887.46, while the net profit after deducting non-recurring gains and losses fell by 44.75% to CNY 26,370,981.63[5][6]. - Basic earnings per share dropped by 50.00% to CNY 0.13, and diluted earnings per share also decreased by 50.00% to CNY 0.13[6]. - Basic and diluted earnings per share for Q1 2022 were CNY 0.13, down from CNY 0.26 in Q1 2021[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,325,971,738.89, down 1.87% from the end of the previous year[6]. - As of March 31, 2022, the total assets of the company amounted to CNY 3,325,971,738.89, a decrease from CNY 3,389,316,471.96 at the end of 2021[18]. - The company's current assets decreased to CNY 1,446,409,313.94 from CNY 1,580,610,263.00, reflecting a decline of approximately 8.45%[16]. - The total liabilities of the company were CNY 1,838,289,951.38, down from CNY 1,932,691,811.07, indicating a reduction of about 4.88%[18]. - The company's cash and cash equivalents decreased to CNY 169,288,170.07 from CNY 272,319,560.16, representing a decline of approximately 37.94%[16]. - Accounts receivable decreased to CNY 570,661,354.21 from CNY 646,995,584.79, a reduction of about 11.76%[16]. - The company's inventory increased to CNY 465,865,573.80 from CNY 430,788,268.33, reflecting an increase of approximately 8.14%[16]. - Non-current assets totaled CNY 1,879,562,424.95, up from CNY 1,808,706,208.96, indicating an increase of about 3.06%[17]. - The company's total equity increased to CNY 1,487,681,787.51 from CNY 1,456,624,660.89, reflecting an increase of approximately 2.54%[18]. - Short-term borrowings rose to CNY 438,864,756.84 from CNY 423,734,564.94, an increase of about 3.09%[18]. - The company reported a decrease in accounts payable to CNY 614,614,960.44 from CNY 681,481,738.39, a decline of approximately 9.81%[18]. Expenses - Sales expenses increased by 86.29% due to the expansion of the sales team and increased business development efforts[10]. - R&D expenses rose by 31.35% as the company intensified its investment in research and development[10]. - Research and development expenses for Q1 2022 were CNY 37,914,188.91, up 31.4% from CNY 28,865,281.08 in Q1 2021[21]. - The company experienced a 37,398.75% increase in asset impairment losses, primarily due to increased inventory write-downs[10]. Cash Flow - Cash flow from operating activities was CNY 5,131,988.82, with no applicable year-on-year comparison[5][11]. - Cash flow from operating activities for Q1 2022 was CNY 5,131,988.82, compared to a negative cash flow of CNY 31,121,256.25 in Q1 2021[26]. - Cash flow from financing activities for Q1 2022 was CNY 25,194,678.68, compared to a negative cash flow of CNY 16,660,493.77 in Q1 2021[26]. - Cash and cash equivalents at the end of Q1 2022 were CNY 119,781,867.23, an increase from CNY 98,308,559.84 at the end of Q1 2021[26]. Other Information - The weighted average return on equity decreased by 3.06 percentage points to 2.11%[6]. - The total number of ordinary shareholders at the end of the reporting period was 16,376[13]. - The company has implemented new accounting standards starting from 2022, affecting the financial statements from the beginning of the year[27]. - The board of directors announced the financial results on April 27, 2022[28].

Financial Performance - The company's operating revenue for 2021 was CNY 2,726,901,374.99, representing a 32.01% increase compared to CNY 2,065,746,952.43 in 2020[20]. - Net profit attributable to shareholders of the listed company reached CNY 207,406,883.11, a significant increase of 72.74% from CNY 120,065,676.46 in the previous year[20]. - The basic earnings per share for 2021 was CNY 0.92, up 70.37% from CNY 0.54 in 2020[21]. - The weighted average return on equity increased to 16.55%, up 5.29 percentage points from 11.26% in 2020[21]. - The net cash flow from operating activities was CNY 220,297,185.00, reflecting a 43.81% increase from CNY 153,181,684.70 in 2020[20]. - The total assets at the end of 2021 were CNY 3,389,316,471.96, a 13.45% increase from CNY 2,987,446,948.14 at the end of 2020[20]. - The net assets attributable to shareholders of the listed company increased to CNY 1,456,624,660.89, a 30.08% rise from CNY 1,119,771,930.39 in 2020[20]. - The company's operating profit for 2021 was 224.66 million yuan, an increase of 95.59 million yuan from 2020[58]. - The total profit for the company in 2021 was 222.13 million yuan, up by 94.95 million yuan compared to 2020[58]. Business Expansion and Strategy - The company plans to continue expanding its business and optimizing its product structure to enhance revenue and profitability[22]. - The company expanded its overseas business, with overseas orders growing by 46.38% compared to the same period in 2020[32]. - The company has established a wholly-owned subsidiary in Japan to expand its business in Japan and Southeast Asia[32]. - The company aims to enhance its product technology and quality while accelerating product structure upgrades and innovations in the PCB sector[104]. - The company plans to increase production capacity by 800,000 to 1,000,000 square meters through the Zhuhai Fushan Industrial Park PCB project, expected to start trial operations in the second half of 2022[107]. - The company is focusing on deep integration in business, assets, personnel, and culture with its subsidiaries to expand its product line and strategic layout[96]. Research and Development - Research and development investment amounted to CNY 135.42 million, accounting for 4.97% of operating revenue[33]. - The company added 54 new patents during the reporting period, including 12 invention patents[33]. - The company is committed to internal talent training programs to enhance employee skills and adapt to market conditions[163]. - The management highlighted a commitment to research and development, allocating a substantial budget to innovate and improve existing technologies[136]. Environmental Compliance and Management - The company is committed to environmental compliance, investing in facilities to manage pollution, but faces risks from potential environmental incidents and increasing regulatory requirements[118]. - The company reported a total wastewater discharge of 123 tons per year, with a chemical oxygen demand (COD) of 62.76 mg/L, exceeding the limit of 80 mg/L[187]. - The company has implemented solid waste treatment measures, ensuring that all solid waste is either recycled or safely disposed of, with no external discharge[188]. - The company has a dedicated team for environmental management, ensuring compliance with environmental regulations and standards[193]. - The company has established an emergency response plan for environmental pollution incidents to enhance its ability to handle public crises and ensure public safety[197]. Corporate Governance - The company held 1 extraordinary and 1 annual shareholders' meeting during the reporting period, ensuring all shareholders could exercise their rights and review key matters[124]. - The board of directors increased from 8 to 9 members, with 3 independent directors, following the completion of the board's term and election procedures[125]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operational activities[128]. - The company has established a performance evaluation system for senior management, linking their compensation to the achievement of operational goals[174]. - The company has a structured process for determining the remuneration of its directors and supervisors, which is linked to their performance and the company's operational results[141]. Risk Management - The company faces risks from raw material price fluctuations, as direct raw materials account for a significant portion of operating costs, impacting future profitability[111]. - The company is exposed to macroeconomic risks, as PCB demand is closely linked to the performance of downstream industries like consumer electronics and automotive electronics[112]. - The company acknowledges increasing market competition, with a need to continuously improve technology and production management to maintain competitiveness[114]. - The company is preparing for potential relocation risks associated with the Shenzhen Mutailei leased factory, which may impact production and delivery timelines[116]. Shareholder Returns - The profit distribution plan for 2021 proposes a cash dividend of RMB 4.00 per 10 shares (including tax) and a capital reserve conversion of 4 shares for every 10 shares held[5]. - The company has a clear and transparent decision-making process regarding its cash dividend policy[169]. - The company’s cash dividend distribution is subject to the approval of the board of directors and the shareholders' meeting[167]. - The company distributed a cash dividend of 0.22 RMB per share in 2020, totaling 49,355,373.76 RMB, which represents 41.11% of the net profit attributable to shareholders[168]. Employee and Management Changes - The company appointed Lei Yiping as the new CFO effective December 27, 2021, following the resignation of the previous CFO Wang Qiang due to personal reasons[138]. - The management team includes experienced professionals with extensive backgrounds in the electronics and technology sectors[134]. - The company has undergone changes in its board members, with several resignations and new appointments, including the election of Yang Zhichao as a director and the appointment of Lei Yiping as the financial director[142].

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]