Financial Performance - The company's operating revenue for Q3 2022 was ¥937,895,883.72, representing a year-on-year increase of 16.13%[4] - The net profit attributable to shareholders for Q3 2022 was ¥17,240,282.31, a decrease of 33.27% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,313,726.48, down 28.20% year-on-year[4] - The basic earnings per share for Q3 2022 was ¥0.0309, a decline of 40.35% compared to the previous year[4] - Total operating revenue for the first three quarters of 2022 was CNY 2,488,338,327.23, a decrease of 7.73% compared to CNY 2,696,413,843.15 in the same period of 2021[21] - Net profit for the third quarter of 2022 was CNY 37,765,656.42, a significant decline of 89.66% from CNY 365,258,148.87 in the same quarter of 2021[22] - Earnings per share for the third quarter of 2022 were CNY 0.0677, compared to CNY 0.7314 in the same period last year, indicating a decrease of 90.74%[22] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥5,695,931,982.81, reflecting a decrease of 5.57% from the end of the previous year[5] - As of September 30, 2022, the company's total assets amounted to approximately ¥5.70 billion, a decrease from ¥6.03 billion at the end of 2021, reflecting a decline of about 5.6%[15] - The company's current assets totaled approximately ¥2.50 billion, down from ¥2.81 billion, indicating a decrease of around 11.0%[16] - Total liabilities as of the end of the third quarter of 2022 amounted to CNY 2,642,151,247.72, down from CNY 3,037,689,829.56 at the end of the previous year[18] - The total liabilities decreased to approximately ¥2.50 billion from ¥2.73 billion, indicating a reduction of about 8.4%[16] - Total equity attributable to shareholders was CNY 3,053,780,735.09, an increase from CNY 2,993,999,492.32 year-over-year[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥460,687,759.70, an increase of 129.42%[4] - Operating cash inflow for the first three quarters of 2022 was approximately CNY 3.13 billion, slightly down from CNY 3.15 billion in the same period of 2021[24] - Total cash inflow from operating activities was CNY 3.13 billion, while total cash outflow was CNY 2.67 billion, resulting in a net cash inflow of CNY 460.69 million[24] - Cash outflow from investing activities totaled CNY 280.75 million, down from CNY 568.21 million in the same period last year, indicating a reduction of 50.7%[25] - Cash inflow from financing activities decreased to CNY 395 million, down from CNY 1.23 billion in the same period of 2021, reflecting a decline of 67.9%[25] - Net cash flow from financing activities was negative at CNY 307.84 million, compared to a positive CNY 201.12 million in the previous year[25] Expenses and Investments - The company reported a financial expense of CNY -72,272,142.79 for the first three quarters of 2022, compared to CNY 59,963,308.77 in the same period of 2021[21] - Research and development expenses for the first three quarters of 2022 were CNY 137,940,544.09, down from CNY 176,422,470.78 in the previous year, reflecting a decrease of 21.76%[21] - The company recorded an investment income of CNY 463,655.58 for the first three quarters of 2022, a decrease from CNY 254,902,353.77 in the same period of 2021[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,091[11] - The company has a long-term equity investment valued at approximately ¥151.29 million, unchanged from the previous period[16]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,550,442,443.51, a decrease of 17.91% compared to ¥1,888,796,102.57 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥20,525,374.11, down 93.94% from ¥338,654,153.49 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,065,832.02, a decrease of 73.53% compared to ¥60,704,113.40 in the same period last year[19]. - Basic earnings per share decreased by 94.67% to CNY 0.0368 compared to CNY 0.6899 in the same period last year[20]. - Revenue declined by 17.91% due to the impact of COVID-19 and logistics issues, leading to a decrease in gross margin[20]. - The weighted average return on equity dropped to 0.68%, a decrease of 14.3 percentage points from 14.98% in the previous year[20]. - The gross profit margin has decreased due to changes in product structure, impacting overall operational performance[20]. - The company reported a net cash flow from operating activities of RMB 425.82 million, an increase of 140.80% year-on-year[44]. - The company achieved operating revenue of RMB 1.55 billion, a year-on-year decrease of 17.91%[36]. - The company reported a total comprehensive income for the first half of 2022 of CNY 20,672,583.54, down from CNY 339,414,056.37 in the first half of 2021[123]. Assets and Liabilities - Total assets decreased by 5.68% to ¥5,689,190,080.72 from ¥6,031,689,321.88 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥3,034,701,536.72, an increase of 1.36% from ¥2,993,999,492.32 at the end of the previous year[19]. - Accounts receivable decreased by 30.90% to 1,334,212,931.30 RMB, accounting for 23.45% of total assets, primarily due to the recovery of receivables[45]. - Inventory increased by 41.60% to 523,493,203.57 RMB, representing 9.20% of total assets, attributed to stockpiling[45]. - Total liabilities decreased from CNY 3,037,689,829.56 to CNY 2,654,488,544.00, a decrease of approximately 12.6%[117]. - Current liabilities decreased from CNY 2,114,577,621.49 to CNY 1,744,196,073.33, a reduction of about 17.5%[116]. Research and Development - The company has over 260 authorized patents, including more than 60 invention patents, reflecting its strong R&D capabilities[28]. - The company continues to invest in R&D to improve technological innovation and respond effectively to market changes[28]. - Research and development expenses decreased to CNY 72,190,782.99 in the first half of 2022, down 42.6% from CNY 125,791,865.24 in the same period last year[122]. - The company has developed a strong technical R&D team through internal training and external recruitment, ensuring its technological advantage in the market[57]. Market Strategy and Operations - The company is expanding its production capacity and has established several R&D and production bases in Kunshan and Dongtai[30]. - The company aims to enhance its core competitiveness in precision manufacturing and increase market share in the consumer electronics sector[30]. - The company has diversified its operations into precision structural components, expanding into consumer electronics, medical devices, and new energy vehicles, which helps mitigate operational risks[35]. - The company has established partnerships with high-end clients in consumer electronics, medical devices, and new energy sectors, enhancing its competitive advantage[33]. - The company has entered the folding screen smartphone hinge market, starting mass production in May 2022, which is expected to contribute new revenue[41]. Environmental Compliance - The company has reported compliance with environmental regulations, with no exceedances in pollutant discharge limits[66]. - The company conducts regular third-party testing for "three wastes" (wastewater, noise, and waste gas), with all monitoring results meeting compliance standards[74]. - The company has implemented air pollution control facilities using electrostatic oil mist adsorption, bag dust removal, and activated carbon adsorption methods, with annual third-party monitoring confirming compliance with national standards[68]. - The company has established a hazardous waste management process and has designated compliant temporary storage areas for hazardous waste, ensuring proper disposal by qualified third-party vendors[68]. Shareholder and Financial Management - The company does not plan to distribute profits or increase capital reserves through stock transfers in the current reporting period[62]. - The company has reported no significant changes in its stock incentive plans or employee shareholding plans[64]. - The company has committed to repurchase all newly issued shares if there are false statements or omissions in the prospectus, with the repurchase price being the higher of the issuance price or the average trading price over the 30 trading days prior to the recognition of the violation by the regulatory authority[80]. - The company guarantees that any shares held will not be sold at a price lower than the issuance price during the two years following the lock-up period[79]. - The company has established a long-term commitment to resolve any competitive issues with its controlling shareholders[81]. Legal and Regulatory Compliance - There were no major lawsuits or arbitration matters reported during the reporting period, indicating a stable legal environment for the company[91]. - The company has committed to not engaging in any business activities that directly compete with its subsidiaries, ensuring a focus on core operations[85]. - The company has not reported any significant guarantees or financial transactions with related parties during the reporting period, maintaining a conservative financial approach[94]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[136]. - The company has set a performance guidance for the next period, aiming for a revenue growth of approximately 10%[136]. - The company is focusing on enhancing its product offerings and developing new technologies to stay competitive in the market[136].

2022 年第一季度报告 证券代码：603626 证券简称：科森科技 昆山科森科技股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示 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。 公司负责人徐金根、主管会计工作负责人向雪梅及会计机构负责人（会计主管人员）王鹰保证季 度报告中财务报表信息的真实、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 1 / 11 单位：元 币种：人民币 项目 本报告期 本报告期比上年同期 增减变动幅度(%) 营业收入 920,677,775.76 -11.06 归属于上市公司股东的净利润 5,881,762.96 -89.88 归属于上市公司股东的扣除非经常性损益的净利润 4,091,599.08 -89.08 经营活动产生的现金流量净额 89,161,235.97 3,429.23 基本每股 ...

Financial Performance - The company achieved operating revenue of 4.15 billion RMB in 2021, a year-on-year increase of 19.61% compared to 3.47 billion RMB in 2020[31]. - Net profit attributable to shareholders was 369 million RMB, a significant recovery from a loss of 47.62 million RMB in 2020[31]. - The company generated a net cash flow from operating activities of 321.78 million RMB, representing a 198.41% increase from 107.83 million RMB in 2020[31]. - The basic earnings per share (EPS) for 2021 was 0.7112 RMB, compared to a loss per share of 0.1028 RMB in 2020[24]. - The company's total assets at the end of 2021 were 6.03 billion RMB, slightly up by 0.07% from 6.03 billion RMB at the end of 2020[23]. - The net assets attributable to shareholders increased by 43.17% to 2.99 billion RMB at the end of 2021, up from 2.09 billion RMB at the end of 2020[23]. - The company reported a net profit of 232.60 million RMB from the disposal of non-current assets in 2021[27]. - The company's revenue for the reporting period reached ¥4,147,039,115.35, representing a year-on-year increase of 19.61% from ¥3,467,021,449.85[51]. - Operating costs increased to ¥3,388,595,799.34, up 16.77% from ¥2,902,062,605.33, indicating rising material costs[51]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 20% year-over-year growth[109]. Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the annual report[8]. - The company plans to reduce investment in the smartphone sector to mitigate operational risks and avoid intense competition[32]. - The company faces increasing competition from similar firms with advanced technology and strong financial backing, which could impact its market position[98]. - Rising labor costs and the need for continuous R&D investment pose risks to the company's operational performance[99]. Corporate Governance - The company guarantees the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[9]. - The audit report issued by Zhongshen Yatai Certified Public Accountants is a standard unqualified opinion[9]. - The company has implemented strict information disclosure practices, ensuring compliance with legal regulations and maintaining transparency for investors[105]. - There were no significant differences in corporate governance compared to regulations set by the China Securities Regulatory Commission[105]. - The company has maintained the independence of its operations, with no reported conflicts of interest from controlling shareholders[105]. - The company’s governance structure includes independent directors and a supervisory board, ensuring checks and balances within the management[108]. Research and Development - The company has over 260 authorized patents, including more than 60 invention patents, reflecting its strong R&D capabilities and commitment to innovation[42]. - Research and development expenses rose by 15.38% to ¥234,642,003.17, reflecting the company's commitment to innovation[51]. - The company has accumulated multiple patents and built a strong R&D team, but risks related to talent retention and technology leakage remain[101]. Environmental Compliance - The company has established wastewater treatment facilities using Fenton + A/O and MBR membrane processes to ensure compliance with discharge standards[142]. - The company has implemented air pollution control measures, including electrostatic oil mist adsorption and bag dust removal methods, with annual third-party monitoring confirming compliance with national standards[142]. - The company reported no exceedances in pollutant discharge, with total emissions of COD at 56 tons and SS at 7 tons, significantly below the regulatory thresholds of 500 tons and 400 tons respectively[141]. - The environmental monitoring results for water, noise, and waste gas were all qualified, indicating compliance with national and local environmental regulations[148]. Strategic Initiatives - The company has established a strategic partnership with major medical device companies such as Medtronic and Johnson & Johnson, focusing on precision manufacturing for surgical instruments[79]. - The company plans to expand its product offerings in the electric vehicle sector, capitalizing on the increasing penetration of new energy vehicles[81]. - The company is actively pursuing upstream core industries to provide comprehensive "turnkey" services, significantly lowering clients' procurement costs[48]. - The company is exploring partnerships with other tech firms to enhance its service offerings and expand its customer base[109]. Shareholder Relations - The company reported a total of 151,424,063 shares held by directors and senior management at the end of the reporting period, a decrease of 320,000 shares due to stock incentive repurchase[108]. - The total pre-tax remuneration for directors and senior management amounted to 6.285 million yuan, with the highest individual remuneration being 186,000 yuan for the chairman[108]. - The company has implemented a cash dividend policy prioritizing cash distribution, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[130]. - The company aims for a minimum cash dividend ratio of 80% for mature stages without major capital expenditures, and 40% with such expenditures[130]. Market Trends - Global smartphone shipments reached 1.3548 billion units in 2021, a year-on-year increase of 5.7%, indicating a recovery in the market[74]. - The global PC shipments increased by 14.8% to 348.8 million units in 2021, marking three consecutive years of growth[75]. - The global minimally invasive surgical instruments market is projected to grow from $20.1 billion in 2019 to $32.7 billion by 2025, with a compound annual growth rate (CAGR) of 8.5%[78]. - The electric vehicle market is rapidly growing, with major players like Tesla and BYD, and the company aims to provide structural components for both vehicle manufacturers and battery producers[90]. Employee Management - The company reported a total of 4,112 employees, with 1,963 in the parent company and 2,149 in major subsidiaries[125]. - The employee composition includes 1,691 production personnel, 89 sales personnel, 1,450 technical personnel, 26 financial personnel, and 856 administrative personnel[125]. - The company has a competitive salary policy, positioning employee compensation above the regional average, which supports sustainable growth[126]. - The company recruits over 100 fresh graduates annually from domestic universities to cultivate a strong technical talent pool through its "Eagle Plan"[128].

Financial Performance - The company's operating revenue for Q3 2021 was ¥807,617,740.58, a decrease of 28.37% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥25,836,108.62, down 33.92% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,936,319.38, a decrease of 45.79% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was ¥0.0518, a decline of 61.57% year-on-year[6] - The diluted earnings per share for Q3 2021 was also ¥0.0518, down 61.51% compared to the same period last year[6] - The weighted average return on equity for Q3 2021 was 1.20%, a decrease of 1.84 percentage points year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥2,696,413,843.15, an increase of 8.2% compared to ¥2,492,458,415.06 in the same period of 2020[19] - Total operating costs for the first three quarters of 2021 were ¥2,598,811,935.56, up from ¥2,413,599,509.32 in 2020, reflecting a year-on-year increase of 7.7%[19] - Net profit for the third quarter of 2021 was ¥365,258,148.87, significantly higher than ¥68,449,870.12 in the same quarter of 2020, marking a year-on-year increase of 434.5%[20] - The net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥364,490,262.11, compared to ¥75,137,307.39 in 2020, representing a year-on-year increase of 385.5%[20] - Basic earnings per share for the third quarter of 2021 were ¥0.7314, compared to ¥0.1621 in the same quarter of 2020, indicating a substantial increase of 351.5%[20] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥200,806,111.08, an increase of 98.56% year-on-year[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥200,806,111.08, up from ¥101,130,963.60 in 2020, reflecting a year-on-year increase of 98.3%[22] - The total cash inflow from operating activities for the first three quarters of 2021 was ¥3,146,774,246.60, compared to ¥2,081,526,639.95 in 2020, reflecting a year-on-year increase of 51.3%[22] - The net cash inflow from investment activities was -293,537,249.36 RMB, a decrease compared to -522,081,392.74 RMB in the previous period[23] - The total cash inflow from financing activities amounted to 1,232,186,402.38 RMB, down from 1,608,462,060.00 RMB year-over-year[23] - The net cash flow from financing activities was 201,119,489.96 RMB, significantly lower than 543,466,583.44 RMB in the same period last year[23] - The ending balance of cash and cash equivalents was 386,897,109.42 RMB, compared to 236,985,646.07 RMB at the end of the previous period[23] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥5,860,226,573.15, a decrease of 2.78% from the end of the previous year[6] - Total assets amount to ¥5,860,226,573.15, down from ¥6,027,604,602.07, a decrease of about 2.8%[16] - Total liabilities decreased to ¥2,872,615,550.45 from ¥3,900,972,588.20, a reduction of approximately 26.3%[17] - The total liabilities were 3,900,972,588.20 RMB, unchanged from the previous reporting period[26] - The total equity attributable to shareholders of the parent company increased to ¥2,987,611,022.70 as of the end of the third quarter of 2021, compared to ¥2,091,262,505.16 at the end of the same period in 2020[18] - The total equity attributable to shareholders was 2,091,262,505.16 RMB, a minor increase from 2,090,287,429.16 RMB[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,642[12] - The number of shares held by the top shareholder, Xu Jingen, is 139,932,561, accounting for 25.08% of total shares[12] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥176,422,470.78, an increase from ¥134,768,754.87 in the same period of 2020, indicating a growth of 30.8%[19] - The company has no significant new product launches or technological developments reported in the current quarter[14] Capital Structure - The company's paid-in capital increased to ¥557,993,890.00 from ¥490,885,460.00, representing an increase of about 13.7%[17] - The capital reserve rose to ¥1,747,855,545.04 from ¥1,301,252,826.82, reflecting an increase of approximately 34.3%[17] Fixed Assets - The company reported a decrease in fixed assets by 43,573,368.97 RMB, totaling 2,686,426,665.73 RMB[25] Accounting Standards - The company implemented new leasing standards starting January 1, 2021, affecting financial statement adjustments[27]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,888,796,102.57, representing a 38.37% increase compared to CNY 1,364,996,861.62 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 338,654,153.49, a significant increase of 839.75% from CNY 36,036,512.54 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 60,704,113.40, up 102.41% from CNY 29,990,070.91 in the same period last year[22]. - Basic earnings per share increased by 776.62% to CNY 0.6899 compared to the same period last year[23]. - Operating revenue grew by 38.37%, primarily due to the mass production of new personal computers and electronic cigarettes[24]. - Net profit attributable to shareholders increased significantly, driven by substantial investment income from the disposal of subsidiary equity[24]. - The total comprehensive income for the first half of 2021 was ¥339,414,056.37, compared to ¥30,651,941.54 in the same period of 2020, indicating strong overall performance[153]. Cash Flow and Assets - The net cash flow from operating activities was CNY 176,838,736.93, an increase of 68.40% compared to CNY 105,011,057.35 in the previous year[22]. - Cash and cash equivalents increased by 62.46% to ¥455,038,109.82 from ¥280,099,176.63 in the previous year[53]. - The company reported a significant increase in cash flow, with cash and cash equivalents rising by CNY 174,938,933.19 compared to the previous period[142]. - Total assets decreased by 6.82%, amounting to CNY 5,616,790,272.81 compared to CNY 6,027,604,602.07 at the end of the previous year[22]. - Current assets totaled CNY 2,379,025,659.43 as of June 30, 2021, down from CNY 2,551,992,092.73 at the end of 2020, representing a decrease of about 6.8%[143]. Research and Development - The company holds over 260 authorized patents, including more than 60 invention patents, reflecting its strong R&D capabilities[33]. - Research and development expenses rose by 55.25% to ¥125,791,865.24, up from ¥81,027,041.85 in the previous year[52]. - The company has a robust R&D team consisting of hundreds of professionals, enhancing its ability to respond to customer needs and market changes[33]. Market and Clientele - The company’s main clients include well-known international and domestic companies such as Apple, Amazon, and Google[27]. - The company is focusing on high-end PC and medical device sectors to stabilize revenue and profit levels while exploring new business opportunities in emerging markets like VR and new energy vehicles[47]. - New high-end personal computers and electronic cigarette products entered mass production in Q1 2021, contributing significantly to revenue growth despite declines in smartphone and mid-range laptop sales[45]. Environmental Compliance - The company has implemented strict environmental protection measures, including wastewater treatment facilities using advanced technologies such as Fenton + A/O and MBR membrane processes[84]. - The company conducts annual third-party testing of wastewater to ensure compliance with discharge standards[84]. - The company has not faced any administrative penalties due to environmental issues during the reporting period, indicating compliance with environmental regulations[91]. Shareholder and Stock Information - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[96]. - The company promises to repurchase all newly issued shares if there are false statements or omissions in the prospectus, within 30 days of regulatory recognition[99]. - The largest shareholder, Xu Jingen, holds 139,932,561 shares, representing 28.51% of the total shares[133]. Risk Factors - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report, urging investors to pay attention to investment risks[8]. - The company faces risks related to customer concentration, with the top five customers accounting for a significant portion of revenue[62]. - The competitive landscape is intensifying with numerous domestic precision structure manufacturing service companies, which may adversely affect the company's operational performance if it fails to maintain its technological and service quality advantages[66].

Financial Performance - Operating revenue reached CNY 1,035,113,467.92, a significant increase of 122.83% year-on-year[7] - Net profit attributable to shareholders surged by 316.08% to CNY 58,107,082.46 compared to the same period last year[7] - Basic earnings per share increased by 300% to CNY 0.12 from CNY 0.03 in the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 37,482,257.07, reflecting a 200.78% increase year-on-year[7] - Total operating revenue for Q1 2021 reached ¥1,035,113,467.92, a significant increase of 123.5% compared to ¥464,532,665.58 in Q1 2020[24] - Net profit attributable to shareholders for Q1 2021 was ¥458,475,946.85, up from ¥369,736,961.61 in Q1 2020, representing a growth of 24%[21] - The net profit for Q1 2021 was CNY 88.74 million, compared to CNY 7.36 million in Q1 2020, reflecting an increase of 1,204.4%[28] - Operating profit for Q1 2021 was CNY 87.76 million, compared to CNY 6.80 million in Q1 2020, marking an increase of 1,187.5%[28] - The total comprehensive income for Q1 2021 was CNY 88.74 million, compared to CNY 7.36 million in Q1 2020, indicating a growth of 1,204.4%[28] Assets and Liabilities - Total assets increased by 3.78% to CNY 6,255,340,593.89 compared to the end of the previous year[7] - Total assets as of March 31, 2021, were ¥6,255,340,593.89, an increase from ¥6,027,604,602.07 at the end of 2020[16] - Total liabilities as of March 31, 2021, were ¥2,690,125,711.97, a decrease from ¥2,774,372,186.89 at the end of 2020, showing a reduction of 3%[21] - Total liabilities reached ¥3,900,972,588.20, showing a minor decrease of ¥2,822,041.30[39] - Non-current liabilities decreased by ¥19,568,301.73, totaling ¥936,515,655.72[39] - Shareholders' equity amounted to ¥2,126,632,013.87, remaining stable compared to the previous period[40] Cash Flow - The net cash flow from operating activities decreased by 96.85% to CNY 2,526,366.36 compared to the previous year[7] - Cash received from operating activities amounted to ¥484,905,658.12, up 87.85% due to increased operating revenue[13] - Cash inflow from operating activities in Q1 2021 was CNY 1,109.43 million, compared to CNY 573.78 million in Q1 2020, an increase of 93.2%[30] - Cash outflow from operating activities in Q1 2021 totaled CNY 1,106.90 million, compared to CNY 493.47 million in Q1 2020, reflecting an increase of 123.5%[31] - The company reported a net cash outflow from operating activities of -¥77,789,598.28, a decrease of 96.85% due to increased operational payments[13] - The company reported a net cash outflow from investing activities of ¥71,862,802.12, an improvement from a net outflow of ¥114,089,787.31 in Q1 2020[35] Shareholder Information - The number of shareholders reached 22,270 by the end of the reporting period[10] - The largest shareholder, Xu Jingen, holds 28.51% of the shares, with 139,932,561 shares pledged[11] Research and Development - Research and development expenses increased by 63.66% to ¥23,783,766.86, indicating a rise in investment in R&D projects[12] - Research and development expenses for Q1 2021 were ¥61,141,497.48, compared to ¥37,357,730.62 in Q1 2020, indicating a growth of 63.7%[24] - The company incurred R&D expenses of CNY 24.31 million in Q1 2021, slightly up from CNY 23.33 million in Q1 2020[27] Government Subsidies - The company received government subsidies amounting to ¥23,778,342.29, a staggering increase of 913.04% compared to the previous period[12]

Financial Performance - The company's operating revenue for 2020 was approximately CNY 3.47 billion, representing a year-on-year increase of 62.98% compared to CNY 2.13 billion in 2019[23]. - The net profit attributable to shareholders was a loss of CNY 47.62 million, an improvement from a loss of CNY 184.93 million in 2019[23]. - The basic earnings per share for 2020 was -CNY 0.10, compared to -CNY 0.45 in 2019, indicating a narrowing of losses[24]. - The net cash flow from operating activities was CNY 107.83 million, down 68.65% from CNY 343.97 million in 2019[23]. - Total assets increased by 31.09% to CNY 6.03 billion at the end of 2020, up from CNY 4.60 billion at the end of 2019[23]. - The weighted average return on equity was -2.39% for 2020, an improvement from -10.75% in 2019[24]. - The company reported a quarterly operating revenue of CNY 974.56 million in Q4 2020, with a net profit loss of CNY 122.76 million for the same quarter[26]. - Non-recurring gains and losses totaled CNY 12.65 million for 2020, compared to CNY 17.44 million in 2019[28]. - The company's net assets attributable to shareholders increased by 26.09% to CNY 2.09 billion at the end of 2020[23]. - The company faced challenges with certain product sales significantly below expectations, contributing to ongoing losses, albeit at a reduced rate[25]. Corporate Governance - The company received a standard unqualified audit report from its accounting firm[6]. - The company guarantees the authenticity, accuracy, and completeness of the annual report content[10]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has a total of 203 pages in its annual report, indicating comprehensive disclosures[11]. - The company has commitments related to share repurchase and compensation for investors in case of false statements in the IPO prospectus[126]. - The company has a lock-up period of 36 months for major shareholders, during which they cannot transfer or manage their shares[122]. - The company is committed to repurchasing shares at the higher of the issuance price or the average trading price over the last 30 trading days if any false statements are identified[126]. - The company has outlined plans for investor compensation in case of losses due to false disclosures, ensuring timely and fair compensation[126]. - The controlling shareholders must notify the board of their plans to increase their holdings within 10 working days if stock price stabilization measures are triggered, with a minimum investment of RMB 5 million and a maximum of 2% of the total share capital[130]. - The company has a cash dividend policy that prioritizes cash distributions, aiming for a minimum of 30% of the average distributable profit over the last three years[115]. Research and Development - The company has over 200 authorized patents, including more than 50 invention patents, reflecting its strong R&D capabilities[38]. - The company has implemented a "machine replacement" strategy to improve automation levels, resulting in increased production efficiency and product yield[43]. - The company’s R&D expenses increased by 12.34% to 203.36 million RMB, reflecting ongoing investment in new product development[54]. - The company has over 790 R&D personnel, representing 11.24% of total employees[65]. - The company is focusing on the development of minimally invasive surgical instruments, which are becoming a key research and development direction in surgery[78]. - The company recognizes the need for continuous investment in R&D to maintain competitiveness in the precision manufacturing sector[99]. Market and Industry Trends - The company is expanding its product applications into various sectors, including consumer electronics, medical devices, and automotive, which helps mitigate operational risks[46]. - The smartphone market saw a 5.9% decline in total shipments, with the top five manufacturers holding 71.1% market share[74]. - The global tablet market grew by 13.6% in shipments, with the top five brands capturing 78.5% of the market[75]. - The global minimally invasive surgical instruments market is projected to grow from $20.1 billion in 2019 to $32.7 billion by 2025, with a compound annual growth rate (CAGR) of 8.5%[78]. - The demand for medical devices is expected to rise significantly due to increasing health awareness and economic development globally[78]. Environmental Compliance - The company has established a wastewater treatment station using advanced technologies such as Fenton + A/O and MBR membrane processes to ensure compliance with discharge standards[160]. - The company has implemented air pollution control measures, including electrostatic oil mist adsorption and bag dust removal methods, with annual third-party monitoring confirming compliance with national regulations[160]. - The company has been conducting regular third-party testing for wastewater, noise, and waste gas, with all monitoring results meeting compliance standards[167]. - The company has established an emergency response plan for environmental incidents in compliance with national regulations[164]. - The company has implemented strict management processes for hazardous waste, ensuring proper storage and disposal through qualified vendors[161]. Shareholder Information - The total number of ordinary shares increased from 423,809,606 to 490,885,460, reflecting a change of 67,075,854 shares[181]. - The company’s stock structure saw a significant shift with the increase in unrestricted shares, now representing 98.21% of the total[179]. - The largest shareholder, Xu Jingen, holds 139,932,561 shares, representing 28.51% of the total shares, with 53,560,000 shares pledged[194]. - Wang Dongmei, the second-largest shareholder, holds 57,330,000 shares, accounting for 11.68% of the total shares, with 29,700,000 shares pledged[194]. - The company does not have any preferred shareholders with restored voting rights[199].

Financial Performance - Operating revenue for the first nine months reached CNY 2,492,458,415.06, an increase of 82.45% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 75,137,307.39, a significant recovery from a loss of CNY 69,479,477.18 in the previous year[5] - The weighted average return on equity improved to 3.79% from -3.87% year-over-year[5] - Basic earnings per share increased to CNY 0.1621 from a loss of CNY 0.1677 in the previous year[5] - Net profit attributable to the parent company for the first three quarters of 2020 was ¥414,474,623.02, up from ¥293,121,533.24 in the same period of 2019, reflecting a growth of approximately 41.3%[20] - The net profit for Q3 2020 was approximately ¥62.64 million, a turnaround from a net loss of ¥9.69 million in the previous year[28] Assets and Liabilities - Total assets increased by 23.95% to CNY 5,698,998,017.83 compared to the end of the previous year[5] - The total number of shareholders reached 18,789 by the end of the reporting period[8] - The total liabilities increased to 3,470,274,904.45 RMB, compared to 2,897,124,208.04 RMB in the previous period[16] - Total assets as of September 30, 2020, amounted to ¥4,675,642,611.31, compared to ¥3,840,959,859.81 at the end of 2019, marking an increase of about 21.8%[20] - Total liabilities as of September 30, 2020, were ¥2,479,591,344.74, up from ¥2,225,676,144.44 at the end of 2019, representing an increase of approximately 11.4%[20] - Total current assets amounted to approximately $1.32 billion, with cash and cash equivalents at $59.95 million and accounts receivable at $848.63 million[39] Cash Flow - Net cash flow from operating activities decreased by 71.59% to CNY 101,130,963.60 compared to the same period last year[5] - Cash flow from operating activities for the first nine months of 2020 was ¥101.13 million, down 71.6% from ¥356.01 million in the same period of 2019[30] - Cash inflow from operating activities for Q3 2020 was CNY 1,811,223,427.24, an increase of 17.4% compared to CNY 1,543,512,766.97 in Q3 2019[33] - Net cash flow from financing activities improved to CNY 287,986,083.44, compared to a net outflow of CNY 456,290,057.60 in Q3 2019[33] Shareholder Information - The top shareholder, Xu Jingen, holds 28.85% of the shares, with 66,560,000 shares pledged[9] - The company's total equity attributable to shareholders reached ¥2,196,051,266.57 as of September 30, 2020, compared to ¥1,615,283,715.37 at the end of 2019, indicating a growth of about 35.9%[20] - The company reported a total equity of CNY 1,700,847,393.37, consistent with the previous reporting period[37] Operational Metrics - Revenue for the quarter reached 1,104,950,625.99 RMB, an increase of 80.88% attributed to improved capacity utilization[10] - Operating costs increased by 897,426,640.77 RMB, up 84.08% in line with revenue growth[10] - The company's operating revenue for Q3 2020 reached ¥779,350,759.61, a significant increase from ¥360,407,843.42 in Q3 2019, representing a growth of approximately 116.2%[27] Future Outlook - Future outlook includes potential market expansion and new product development strategies, although detailed projections were not provided[40] - The company is exploring mergers and acquisitions as part of its growth strategy, with no specific targets mentioned in the content[40]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,364,996,861.62, representing a 52.51% increase compared to ¥895,042,436.21 in the same period last year[23]. - The net profit attributable to shareholders was ¥36,036,512.54, a significant recovery from a loss of ¥30,142,054.01 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥29,990,070.91, improving from a loss of ¥34,753,486.94 year-on-year[23]. - Basic earnings per share improved to ¥0.0787 from a loss of ¥0.0726 in the same period last year[24]. - The weighted average return on net assets was 1.87%, recovering from -1.65% in the previous year[24]. - The company achieved a revenue of 1.365 billion yuan in the first half of 2020, representing a year-on-year growth of 52.51%[47]. - In Q2 2020, the company recorded a revenue of 900 million yuan, a year-on-year increase of 107.28% and a quarter-on-quarter growth of 93.84%[47]. - The net profit attributable to the parent company for the first half of 2020 was 36.0365 million yuan, up 219.56% year-on-year[47]. - The company improved its production capacity utilization significantly, leading to rapid revenue growth primarily from the consumer electronics sector[47]. Assets and Liabilities - Total assets rose by 8.02% to ¥4,966,920,469.38 compared to ¥4,597,971,601.41 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 24.70% to ¥2,068,221,635.54 from ¥1,658,575,218.58 at the end of the previous year[23]. - The company's total assets at the end of the reporting period were ¥1,139,993,779.71, with a 49.81% increase in capital reserve due to convertible bonds conversion[57]. - The total liabilities decreased to RMB 2,861,899,555.13 from RMB 2,897,124,208.04, a reduction of approximately 1.21%[156]. - The owner's equity increased to RMB 2,105,020,914.25 from RMB 1,700,847,393.37, marking a significant growth of about 23.73%[156]. Cash Flow - The company's net cash flow from operating activities decreased by 69.04% to ¥105,011,057.35, primarily due to reduced revenue in the second half of 2019 affecting cash inflows in the first half of 2020[25]. - The net cash flow from operating activities decreased significantly by 69.04%, amounting to ¥105,011,057.35 compared to ¥339,192,522.84 in the previous year[55]. - Cash inflow from operating activities totaled ¥1,247,329,997.42, down from ¥1,741,618,679.23 in the previous year, indicating a decline of 28.4%[168]. - The company experienced a net cash outflow from investment activities of ¥302,323,477.79 in the first half of 2020, compared to a net outflow of ¥268,112,673.84 in the same period of 2019[169]. Research and Development - The company has over 200 authorized patents, including more than 50 invention patents, showcasing its strong R&D capabilities[38]. - The company aims to optimize product structure and enhance technological innovation through increased R&D investment[38]. - Research and development expenses were ¥81,027,041.85, a slight decrease from ¥84,278,576.30 in the previous year[161]. - The company is investing $10 million in research and development for new technologies aimed at enhancing user experience[79]. Market Strategy and Customer Base - The increase in revenue was attributed to higher sales of notebook computer casings for domestic clients and mid-range mobile phone casings for international clients[24]. - The company has diversified its customer base, with an increased proportion of domestic clients, reducing reliance on single customers[50]. - The company has expanded its product range to include consumer electronics, medical devices, automotive components, and panels, creating new growth points[45]. - The company’s sales strategy involves direct sales to long-term clients, fostering stable relationships and repeat business[33]. Operational Efficiency - The company plans to enhance production capacity utilization to further improve profitability in the future[24]. - The company implemented a "machine replacement" strategy to enhance automation, reducing direct labor by one-third for certain projects[42]. - The production cycle for products typically ranges from one day to two weeks, depending on complexity and delivery requirements[32]. Environmental Compliance - The company has established wastewater treatment facilities using Fenton + A/O and MBR membrane processes to ensure compliance with discharge standards[122]. - The company reported that all environmental protection facilities are operating normally during the reporting period[122]. - The company conducts annual third-party monitoring of wastewater and exhaust emissions to ensure compliance with national standards[122]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve increase for the half-year period[74]. - The board of directors has approved a dividend payout of $2 million for the first half of 2020, reflecting a commitment to returning value to shareholders[79]. - The company commits to stabilizing its stock price through measures such as profit distribution or capital reserve conversion, with a board meeting to discuss these proposals within 10 working days after conditions are met[89]. - The company has implemented a stock incentive plan, with the relevant matters disclosed in a temporary announcement[104]. Risks and Challenges - The company faces customer concentration risk, with the top five customers accounting for a significant portion of revenue, which may impact order acquisition if their business situations change[63]. - The company is exposed to downstream industry volatility risks, particularly in the consumer electronics sector, which has seen a slowdown in growth[63]. - The company faces operational risks due to potential fluctuations in raw material prices, which could impact working capital and production costs[67]. - Labor costs are rising in the domestic manufacturing sector, with average wages increasing annually, which may affect the company's financial performance[67].