江苏利通电子股份有限公司 第三届监事会第二次会议决议公告 本公司监事会及全体监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个别及连带责任。 一、监事会会议召开情况 江苏利通电子股份有限公司（以下简称"公司"）第三届监事会第二次会议 于 2023 年 8 月 22 日，会议通知于 2023 年 8 月 19 日以电子邮件方式送达各位监 事。本次会议由监事会主席夏长征先生召集并主持，会议应到监事 5 人，实到监 事 5 人。 本次会议的召集、召开、审议和表决程序符合《中华人民共和国公司法》及 《公司章程》的有关规定，本决议合法、有效。 二、议案审议和表决情况 证券代码：603629 证券简称：利通电子 公告编号：2023-047 1、《江苏利通电子股份有限公司第三届监事会第二次会议决议》 特此公告。 江苏利通电子股份有限公司监事会 2023 年 8 月 23 日 经公司监事审议和表决，本次会议通过以下议案： 议案一：关于《转让全资子公司部分股权暨关联交易》的议案 监事会经审议后认为：公司本次关联交易符合公司经营业务及长远战略发展 需要，符合公司和全体股东的利 ...

江苏利通电子股份有限公司 独立董事关于第三届董事会第四次会议 相关事项的独立意见 江苏利通电子股份有限公司（以下简称"公司"）第三届董事会第四次会议 于 2023 年 8 月 22 日召开。作为公司的独立董事，我们认真阅读和审核了相关事 项的资料，并对有关情况进行了详细了解，现根据《上市公司独立董事规则》、 《上海证券交易所股票上市规则》、《公司章程》以及《公司独立董事工作制度》、 《公司关联交易管理办法》等有关规定，现就公司第三届董事会第四次会议审议 的相关议案，基于独立判断发表如下独立意见： 一、关于《转让全资子公司部分股权暨关联交易》的议案 公司本次转让子公司股权暨关联交易定价公允合理，没有损害公司及中小股 东的利益，本次关联交易决策程序合法合规。因此，我们同意本次转让子公司股 权的关联交易。 江苏利通电子股份有限公司 独立董事：陈建忠、路小军、戴文东 2023 年 8 月 23 日 ...

本公司董事会、全体董事及相关股东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： 董监高持股的基本情况 本次减持前，江苏利通电子股份有限公司（以下简称"公司"）董事施佶先 生持有公司股份 736,000 股，占公司股份总数的 0.4044%；监事夏长征先生、石 爱明先生通过持股平台宜兴利通智巧投资合伙企业分别间接持有 273,000 股、 31,500 股，分别占公司股份总数的 0.1500%、0.0173%；高级管理人员钱旭先生 通过持股平台宜兴利通智巧投资合伙企业间接持有 78,800 股，占公司股份总数 的 0.0433%。以上股份均来源于公司首次公开发行前取得及资本公积金转增股本 取得。 证券代码：603629 证券简称：利通电子 公告编号：2023-045 江苏利通电子股份有限公司董监高 集中竞价减持股份结果公告 公司 2022 年年度股东大会审议通过了《关于公司 2022 年度利润分配及资本 公积金转增股本预案的议案》，公司以实施权益分派股权登记日登记的总股本为 基数，以资本公积金向全体股东每 10 股转增 4 股。公司 ...

证券代码：603629 证券简称：利通电子 公告编号：2023-029 江苏利通电子股份有限公司 关于召开 2022 年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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 5 月 30 日（星期二）上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（http://roadshow.sseinfo.c om/） 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 23 日（星期二）至 05 月 29 日（星期一）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 zqb @lettall.com 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。 江苏利通电子股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年年度 经营成果、财务状况，公司计划于 2023 年 5 月 30 日上午 10:0 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 429,597,560.26, representing an increase of 11.89% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 13.70% to CNY 14,571,611.60[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 10.52% to CNY 5,392,286.63[5]. - The basic earnings per share for the period was CNY 0.08, down 11.11% year-on-year[6]. - Total operating revenue for Q1 2023 reached ¥429,597,560.26, an increase from ¥383,962,371.18 in Q1 2022, representing a growth of approximately 11.97%[20]. - Net profit for Q1 2023 was ¥14,479,604.14, down from ¥16,884,653.81 in Q1 2022, reflecting a decrease of approximately 14.23%[23]. - The total comprehensive income for Q1 2023 was ¥13,928,418.21, down from ¥16,198,342.10 in Q1 2022, reflecting a decrease of approximately 13.98%[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,758,538,294.59, a decrease of 4.13% from the end of the previous year[6]. - As of March 31, 2023, the total current assets amounted to RMB 1,879,513,750.42, a decrease of 5.5% from RMB 1,989,048,365.59 on December 31, 2022[16]. - Total liabilities decreased to RMB 1,095,881,938.06 from RMB 1,224,301,105.63, a decrease of 10.5%[17]. - The total assets as of March 31, 2023, were RMB 2,758,538,294.59, down from RMB 2,877,254,677.60, indicating a decline of 4.1%[17]. - The total liabilities as of Q1 2023 were ¥1,109,372,272.09, a decrease from ¥1,242,017,073.31 in the previous year[22]. Cash Flow - The cash flow from operating activities was CNY 45,462,412.03, with no applicable change reported[5]. - The company's net cash flow from operating activities for Q1 2023 was ¥45,462,412.03, a significant improvement compared to a net outflow of ¥45,523,584.98 in Q1 2022[25]. - The net cash flow from investing activities was -$80.61 million, compared to -$135.26 million in the previous period, indicating an improvement[26]. - Cash inflow from financing activities totaled $50 million, while cash outflow was $32.40 million, resulting in a net cash flow of $17.60 million, a significant recovery from -$150.41 million previously[26]. - The total cash and cash equivalents decreased by $18.01 million during the quarter[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,498[12]. - The total equity attributable to shareholders of the parent company was ¥1,645,750,060.13 in Q1 2023, slightly up from ¥1,631,729,634.46 in Q1 2022[22]. Other Income and Expenses - The company received government subsidies amounting to CNY 10,229,392.59, which contributed to the increase in other income by 67.48%[11]. - Research and development expenses for Q1 2023 amounted to ¥16,851,541.45, up from ¥15,268,867.71 in Q1 2022, marking an increase of about 10.37%[22]. - The company reported other income of ¥7,513,326.98 in Q1 2023, compared to ¥4,486,146.25 in Q1 2022, showing an increase of about 67.5%[22]. Market and Development - The company has not provided any new product or technology development updates in the current report[15]. - There are no significant market expansion or merger and acquisition strategies mentioned in the report[15].

Financial Performance - The net profit attributable to the shareholders of Jiangsu Lettall Electronic Co., Ltd. for the year 2022 was RMB 65.9165 million[6]. - The company's operating revenue for 2022 was CNY 2,025,425,217.56, representing a 12.24% increase compared to CNY 1,804,495,655.47 in 2021[23]. - Net profit attributable to shareholders for 2022 was CNY 65,916,492.05, up 14.20% from CNY 57,718,261.85 in 2021[23]. - The net cash flow from operating activities increased significantly by 103.59% to CNY 154,935,292.81 from CNY 76,103,283.30 in 2021[23]. - The total assets decreased by 8.27% to CNY 2,877,254,677.60 at the end of 2022, down from CNY 3,136,694,923.27 at the end of 2021[23]. - The basic earnings per share for 2022 was CNY 0.36, a decrease of 12.20% from CNY 0.41 in 2021[24]. - The company reported non-operating income from government subsidies amounting to CNY 16,361,150.49 in 2022[29]. - The overall gross margin for 2022 was 16.33%, an increase of 0.40 percentage points from 15.93% in 2021, with electronic components showing a significant increase in gross margin by 13.23 percentage points[36]. - The company achieved an annual revenue of CNY 202,542.52 million in 2022, representing a 12.24% increase compared to 2021[50]. - The company reported a total revenue of 1.2 billion in 2022, representing a year-over-year growth of 15%[115]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 2.40 per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held[6]. - The company has proposed to apply for a comprehensive credit limit from banks for the year 2022[97]. - The company plans to distribute at least 30% of the average distributable profit over the last three years as cash dividends, contingent on certain conditions being met[129]. - The cash dividend policy stipulates that during the mature phase without significant capital expenditures, cash dividends should constitute at least 80% of the profit distribution[131]. - The total cash dividend amount represents a significant return to shareholders, reflecting the company's strong financial performance during the reporting period[136]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits, and it is required to disclose the reasons and plans for the retained earnings[135]. Risk Management - The company has not identified any significant risks that could materially affect its operations during the reporting period[8]. - The company faces risks from concentrated customer bases, with over 50% of sales coming from the top five clients, which could impact performance if market conditions change[87]. - Fluctuations in raw material prices, particularly for galvanized sheets and aluminum profiles, pose a risk to the company's profit margins, despite recent stabilization in prices[87]. - The company acknowledges risks associated with the changing LCD TV market and the emergence of new display technologies, which could impact the demand for precision metal components[92]. - The company is aware of potential uncertainties in project implementation due to market environment changes, policy shifts, and operational challenges, particularly for projects located in Mexico[91]. Corporate Governance - The company has engaged Tianjian Accounting Firm (Special General Partnership) for its audit, which issued a standard unqualified audit report[5]. - The company’s board of directors and supervisory board members have all attended the board meeting, ensuring the report's authenticity and completeness[4]. - The company has established strict internal control systems in compliance with regulatory requirements, continuously improving and enforcing internal control norms[97]. - The company has not reported any significant differences in governance compared to regulatory requirements, ensuring the protection of minority shareholders' rights[97]. - The company has established a robust investor relations management system to enhance communication with shareholders and gather feedback on its development strategies[96]. Research and Development - Research and development expenses totaled 86.60 million yuan, accounting for 4.28% of revenue, with 4 patent applications submitted and 12 patents granted during the period[37]. - The company has a strong R&D capability, being one of the first to develop curved precision metal stamping components, and maintains a rapid response system for customer orders[46]. - The company is investing $10 million in R&D for new technologies aimed at enhancing product efficiency[103]. - The company has allocated 50 million for research and development of new technologies in 2023, focusing on AI and machine learning[115]. Market Expansion and Strategy - The company has established overseas production bases, with the Juarez factory in Mexico already in production and the Tijuana factory expected to start production in 2023[34]. - The company aims to strengthen its core business while seeking new growth opportunities to ensure stable and sustainable performance growth[39]. - The company is actively seeking opportunities in new industries such as communications, semiconductors, and defense, utilizing its technology and talent reserves[85]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[105]. - A strategic acquisition of a competitor is anticipated to close by Q3 2023, expected to increase market share by 10%[106]. Employee and Management - The company has a structured salary management system to attract and retain talent, with compensation for management and technical staff primarily consisting of base salary, overtime pay, and bonuses[125]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 4.4049 million yuan[107]. - The company experienced changes in its management team, including the resignation of several key personnel due to personal reasons or retirement[108][109]. - The company appointed Xu Liqun as the new Chief Financial Officer and Qian Xu as the new Vice General Manager in January 2022[110]. Environmental Responsibility - The company has invested 1,063,800 CNY in environmental protection during the reporting period, demonstrating its commitment to environmental responsibility[143]. - The company has not faced any significant environmental violations or penalties during the reporting period, adhering to national and local environmental regulations[145]. - The company has implemented comprehensive energy-saving renovations on production lines and replaced equipment with low-energy, high-efficiency devices to reduce carbon emissions[147]. - The company is committed to optimizing production processes to minimize pollutant emissions in the future[146]. Financial Management - The company has invested CNY 429.1 million in bank wealth management products, with no overdue amounts[200]. - The company has not faced any delisting risks or bankruptcy reorganization matters[193]. - The company has confirmed that there are no major accounting errors or changes in accounting policies that would impact financial reporting[191]. - The company has maintained a good integrity status for both itself and its controlling shareholders during the reporting period[193].

Financial Performance - The company's operating revenue for Q3 2022 was ¥422,128,726.62, representing a decrease of 10.07% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was ¥21,721,005.92, an increase of 187.92% year-over-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥8,933,741.28, reflecting a significant increase of 552.26% compared to the previous year[7]. - The basic earnings per share for Q3 2022 was ¥0.12, up by 50.00% from the same period last year[9]. - The diluted earnings per share for Q3 2022 was also ¥0.12, marking a 50.00% increase year-over-year[9]. - The weighted average return on equity for Q3 2022 was 1.36%, an increase of 0.62 percentage points compared to the previous year[9]. - Total operating revenue for the first three quarters of 2022 was CNY 1,277,625,229.66, slightly down from CNY 1,278,488,628.16 in the same period of 2021, representing a decrease of approximately 0.07%[29]. - Net profit for the third quarter of 2022 was CNY 53,058,785.20, an increase of approximately 62.83% compared to CNY 32,549,958.82 in the same quarter of 2021[32]. - The total comprehensive income for the third quarter of 2022 was CNY 57,961,010.22, compared to CNY 32,549,958.82 in the same quarter of 2021, indicating an increase of approximately 77.88%[34]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥2,826,221,821.65, a decrease of 9.90% from the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was ¥1,613,407,051.37, showing a slight increase of 2.30% compared to the previous year[9]. - The company's total liabilities decreased from CNY 1,559,602,315.38 in the previous year to CNY 1,209,088,929.40, a reduction of about 22.43%[29]. - Current assets decreased to RMB 1,970,220,633.86 from RMB 2,278,717,401.04, representing a reduction of about 13.5%[24]. - Cash and cash equivalents were reported at RMB 479,775,753.85, down from RMB 705,042,716.30, indicating a decline of approximately 32.0%[20]. - Accounts receivable totaled RMB 556,328,948.83, slightly increasing from RMB 544,773,652.73, showing a growth of about 2.9%[20]. - Inventory increased to RMB 460,352,286.51 from RMB 383,005,498.79, marking a rise of approximately 20.2%[24]. - Short-term borrowings decreased to RMB 543,236,673.15 from RMB 727,663,818.08, a reduction of about 25.4%[24]. - Accounts payable decreased to RMB 290,817,342.85 from RMB 362,048,995.98, reflecting a decline of approximately 19.7%[24]. - The company reported a significant reduction in long-term equity investments from RMB 12,434,115.04 to RMB 9,142,704.52, a decrease of about 26.3%[24]. Cash Flow - Cash flow from operating activities for the first three quarters of 2022 was CNY 1,296,361,669.62, compared to CNY 1,195,411,010.01 in the same period of 2021, representing an increase of approximately 8.45%[34]. - Operating cash inflow totaled approximately $1.37 billion, an increase from $1.27 billion year-over-year[38]. - Operating cash outflow amounted to approximately $1.34 billion, compared to $1.27 billion in the previous year[38]. - Net cash flow from operating activities was approximately $38 million, a significant increase from $1.34 million in the prior year[38]. - Cash inflow from investment activities reached approximately $464.46 million, up from $143.31 million year-over-year[38]. - Cash outflow from investment activities was approximately $664.96 million, compared to $425.83 million in the previous year[38]. - Net cash flow from investment activities was approximately -$200.50 million, an improvement from -$282.52 million year-over-year[38]. - Cash inflow from financing activities totaled approximately $483.87 million, down from $532 million in the previous year[40]. - Cash outflow from financing activities was approximately $705.47 million, compared to $244.86 million in the prior year[40]. - Net cash flow from financing activities was approximately -$221.60 million, a decrease from $287.14 million year-over-year[40]. - The ending cash and cash equivalents balance was approximately $269.54 million, down from $78.68 million in the previous year[40]. Research and Development - Research and development expenses for the third quarter of 2022 were CNY 58,443,545.31, up from CNY 50,997,769.60 in the same quarter of 2021, marking an increase of about 14.36%[29]. - The company has no significant new product launches or technological advancements reported during this period[20]. Non-Recurring Gains - Non-recurring gains and losses for Q3 2022 totaled ¥12,787,264.64, contributing to the increase in net profit[12]. - The increase in net profit is primarily attributed to the consolidation of a subsidiary acquired at the end of 2021 and gains from land and factory transfers[12].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥855,496,503.04, representing a 5.74% increase compared to ¥809,069,810.79 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥31,611,938.40, a 24.09% increase from ¥25,475,178.37 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,995,069.54, showing a decrease of 8.82% compared to ¥17,541,926.26 in the same period last year[24]. - The net cash flow from operating activities was ¥9,750,547.86, which is a 10.84% increase from ¥8,797,064.19 in the previous year[24]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,589,461,872.79, a slight increase of 0.78% from ¥1,577,092,607.89 at the end of the previous year[24]. - The total assets at the end of the reporting period were ¥2,861,687,744.91, reflecting a decrease of 8.77% from ¥3,136,694,923.27 at the end of the previous year[24]. - Basic earnings per share decreased by 32.00% to CNY 0.17 compared to the same period last year[25]. - Diluted earnings per share also decreased by 32.00% to CNY 0.17 compared to the same period last year[25]. - The weighted average return on equity fell by 0.51 percentage points to 1.98%[25]. - The basic earnings per share after deducting non-recurring gains and losses decreased by 47.06% to CNY 0.09 compared to the same period last year[25]. Market Conditions - The domestic TV market saw a retail volume decline of 6.2% to 16.72 million units in the first half of 2022[37]. - The retail value of the TV market decreased by 10.5% to CNY 53.1 billion, marking the first instance of both volume and price declines[37]. - Future growth in the TV industry is expected to rely on technological innovations such as 8K and OLED technology[37]. - The company acknowledges risks associated with the LCD TV market, including potential slowdowns in market growth and increased international trade friction, which could lead to a decrease in demand for precision metal components[78]. - New display technologies such as OLED and laser TVs may reduce the application of precision metal components, posing a competitive risk if these technologies achieve breakthroughs in cost control and market promotion[78]. Production and Operations - The company maintains a leading position in the manufacturing of precision metal components for LCD TVs, with an annual processing capacity of nearly 100,000 tons of steel and over 25 million metal backplates[37]. - The sales volume of precision metal structural parts was 8.78 million units, a decrease of 4.29% year-on-year, with an average selling price of 72.28 yuan, an increase of 13.11% year-on-year[48]. - The company has 23 precision stamping production lines for LCD TV metal structural parts, with an annual production capacity exceeding 25 million units[38]. - The gross profit margin for precision metal stamping structural parts was 15.81%, an increase of 0.47 percentage points year-on-year[49]. - The average unit cost for precision metal stamping structural parts was 60.85 yuan, an increase of 12.49% year-on-year[49]. Research and Development - Research and development expenses increased due to investments in R&D equipment and the consolidation of a wholly-owned subsidiary's R&D expenses[52]. - The company has a strong technical engineering center and mold design department, leading to rapid response in new product development[42]. - The company has established a complete R&D system, enabling it to participate deeply in customer new product development[42]. Cash Flow and Investments - The company's cash and cash equivalents decreased by 32.71% to ¥474,434,960.89 from ¥705,042,716.30 year-on-year, primarily due to investments and repayments related to fundraising projects[54]. - The company reported a significant increase in prepayments, which rose by 45.98% to ¥59,614,923.02, compared to ¥40,836,569.96 in the previous year[54]. - The company sold a 3.33% stake in its subsidiary Wuxi Yourong for ¥10 million, generating an investment income of ¥7.69 million[61]. - The company established a new subsidiary, Nanguiboshang, with a registered capital of ¥10 million, focusing on emerging energy technology research and development[62]. - The company invested ¥5 million in Shanghai Hualing Medical Technology Co., increasing its stake to 4.06%[62]. Shareholder and Equity Information - The total share capital increased from 100 million shares to 182 million shares due to a private placement and a capital reserve conversion[26]. - The company distributed cash dividends of RMB 22,490,000, amounting to RMB 1.73 per share, along with a stock bonus of 4 shares for every 10 shares held[172]. - The proportion of limited sale shares increased to 23.08%, totaling 42,000,000 shares after the capital reserve conversion[172]. - The number of unrestricted circulating shares rose to 140,000,000, representing 76.92% of the total shares[172]. - The company has committed to ensuring that all newly issued shares will not be transferable for six months post-issuance[171]. Environmental Compliance - The company and its subsidiaries are not classified as key pollutant discharge units by local environmental protection departments, ensuring compliance with national and local environmental regulations[92]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[94]. - The company has obtained ISO 14001 environmental management system certification, demonstrating its commitment to environmental protection[96]. - The company has implemented environmentally friendly production processes to minimize pollution and has taken necessary measures to treat major pollutants[95]. - The company has not reported any significant environmental violations or accidents during the reporting period, adhering to relevant environmental laws and regulations[95]. Risks and Challenges - The company faces risks due to a concentrated customer base, with over 50% of sales coming from the top five clients[69]. - Raw material price fluctuations pose a risk, particularly with the significant cost contribution from galvanized steel plates and aluminum profiles[70]. - Seasonal sales fluctuations are expected, with higher sales typically occurring in the second half of the year, especially in Q4[72]. - Accounts receivable amounted to 532.47 million CNY, representing 18.61% of total assets, with 96.72% of receivables aged within one year[73]. - Inventory value stood at 448.24 million CNY, which could impact cash flow and inventory depreciation if not managed properly[74]. Corporate Governance - The actual controllers hold 51.70% of the company's shares, which may lead to potential risks in decision-making processes[71]. - The company has committed to avoiding competition with its controlling shareholders, ensuring long-term stability and shareholder interests[146]. - The board will actively engage with minority shareholders to gather feedback and address concerns regarding profit distribution[142]. - The company has established a comprehensive independent production, supply, and sales system, ensuring independence from related parties in various aspects[150]. - The company has committed to linking executive compensation to the execution of measures to compensate for any dilution of immediate returns[154].

Financial Performance - The company's operating revenue for Q1 2022 was ¥383,962,371.18, a decrease of 1.52% compared to the same period last year[6] - Net profit attributable to shareholders was ¥16,884,653.81, representing an increase of 145.77% year-on-year[6] - Basic earnings per share for the period was ¥0.13, an increase of 85.71% compared to the previous year[6] - Total operating revenue for Q1 2022 was ¥383,962,371.18, a decrease of 1.9% compared to ¥389,889,267.42 in Q1 2021[32] - Net profit for Q1 2022 reached ¥16,884,653.81, compared to ¥6,400,610.34 in Q1 2021, representing a significant increase of 163.5%[36] - Earnings per share for Q1 2022 was ¥0.13, up from ¥0.07 in Q1 2021, indicating a growth of 85.7%[38] Cash Flow - The net cash flow from operating activities was -¥45,523,584.98, indicating a negative cash flow situation[6] - Cash flow from operating activities in Q1 2022 was ¥265,972,650.55, a decrease of 35.2% from ¥411,325,308.86 in Q1 2021[40] - The net cash flow from operating activities was -45,523,584.98, compared to -46,023,336.73 in the previous period, indicating a slight improvement[43] - Total cash outflow from operating activities amounted to 311,496,235.53, down from 457,348,645.59, reflecting a reduction in operational expenses[43] - The net cash flow from investment activities was -135,257,533.33, worsening from -48,399,525.49, indicating increased cash outflows for investments[43] - The net cash flow from financing activities was -150,406,381.95, compared to a positive 110,305,829.83 in the previous period, indicating a shift towards higher cash outflows[43] - The ending balance of cash and cash equivalents was 315,910,817.12, down from 647,310,077.72, reflecting a significant decrease in liquidity[45] - The net increase in cash and cash equivalents was -331,399,260.60, contrasting with a positive increase of 15,761,863.84 in the previous period, highlighting cash management challenges[45] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,932,269,249.85, a decrease of 6.52% from the end of the previous year[9] - The total current assets decreased from RMB 2,278,717,401.04 to RMB 2,091,965,989.63, a decline of approximately 8.2%[27] - Total assets decreased from RMB 3,136,694,923.27 to RMB 2,932,269,249.85, a decline of about 6.5%[27] - Total liabilities decreased from RMB 1,559,602,315.38 to RMB 1,338,409,025.72, a reduction of approximately 14.1%[30] - Short-term borrowings decreased from RMB 727,663,818.08 to RMB 595,155,206.94, a decrease of about 18.2%[30] - The company's total equity remained stable at RMB 1,121,895,344.94[30] Shareholder Information - The company's equity attributable to shareholders increased to ¥1,593,860,224.13, a rise of 1.06% from the previous year[9] - The total number of ordinary shareholders at the end of the reporting period was 6,509[17] Expenses and Income - Total operating costs increased to ¥382,717,818.45 in Q1 2022, up from ¥380,819,757.95 in Q1 2021, reflecting a rise of 0.4%[32] - Research and development expenses for Q1 2022 were ¥15,268,867.71, slightly down from ¥16,003,934.39 in Q1 2021, a decrease of 4.6%[32] - Other income increased to ¥4,486,146.25 in Q1 2022 from ¥3,252,255.64 in Q1 2021, marking a growth of 37.9%[36] - Investment income for Q1 2022 was ¥7,180,620.85, a turnaround from a loss of ¥134,350.82 in Q1 2021[36] - The company reported a decrease in sales expenses to ¥7,800,981.92 in Q1 2022 from ¥3,637,696.11 in Q1 2021, an increase of 114.5%[32] Non-Recurring Gains - The company recognized non-recurring gains of ¥12,005,722.55 during the period, primarily from the sale of equity in a subsidiary and government subsidies[14] - The company’s diluted earnings per share also stood at ¥0.13, reflecting the same increase of 85.71% year-on-year[14]

Financial Performance - The net profit attributable to the shareholders of Jiangsu Lettall Electronic Co., Ltd. for the year 2021 was CNY 57.7183 million, with distributable profits amounting to CNY 288.8552 million as of the end of the reporting period[7]. - The company's operating revenue for 2021 was ¥1,804,495,655.47, representing a 9.52% increase compared to ¥1,647,616,189.74 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥57,718,261.85, a 24.50% increase from ¥46,358,842.82 in 2020[25]. - The net cash flow from operating activities for 2021 was ¥76,103,283.30, a significant recovery from a negative cash flow of ¥43,577,677.59 in 2020[25]. - The total assets at the end of 2021 were ¥3,136,694,923.27, a 42.84% increase from ¥2,195,912,776.70 at the end of 2020[25]. - The net assets attributable to shareholders at the end of 2021 were ¥1,577,092,607.89, reflecting a 56.36% increase from ¥1,008,639,370.76 at the end of 2020[25]. - The basic earnings per share for 2021 were ¥0.58, up 26.09% from ¥0.46 in 2020[25]. - The company reported a decrease of 19.55% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to ¥32,694,092.00 in 2021 compared to ¥40,636,823.96 in 2020[25]. - The company received government subsidies amounting to ¥16,053,294.81 in 2021, compared to ¥7,717,881.00 in 2020[29]. - The weighted average return on net assets for 2021 was 5.56%, an increase of 0.90 percentage points from 4.66% in 2020[25]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.73 per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held[7]. - The company’s cash dividend policy stipulates that when the earnings per share are not less than 0.1 yuan, it will distribute dividends in cash, provided there are no major investment plans or cash expenditures[161]. - The company plans to implement a cash dividend policy where the minimum cash dividend ratio will be 80% if it is in a mature stage without significant capital expenditure arrangements[165]. - In the case of significant capital expenditures during the mature stage, the minimum cash dividend ratio will be 40%[165]. - For companies in a growth stage with significant capital expenditures, the minimum cash dividend ratio will be 20%[165]. - The profit distribution plan must be approved by more than half of the board of directors and then submitted to the shareholders' meeting for approval[163]. - The board of directors must provide a plan for the use of retained undistributed profits in the profit distribution proposal[166]. Corporate Governance and Compliance - The board of directors confirmed that all members attended the board meeting, ensuring the integrity of the report[5]. - The audit report issued by Tianjian Accounting Firm was a standard unqualified opinion, affirming the accuracy of the financial statements[6]. - The company has not reported any significant changes in the competitive landscape or measures taken to address potential conflicts with controlling shareholders[123]. - The company has not reported any related party transactions that would affect the independence of its operations[123]. - The company has established a governance structure that ensures compliance with relevant laws and regulations, enhancing transparency in information disclosure[181]. - The internal control audit report received a standard unqualified opinion, indicating effective internal control systems[176]. - The company maintains strict management and supervision over its subsidiaries to ensure accurate information flow and operational efficiency[175]. Research and Development - R&D expenses for the year amounted to CNY 87.61 million, a 30.49% increase, representing 4.86% of total revenue[41]. - The company submitted 12 patent applications and received 9 new patent authorizations during the reporting period[41]. - The company has a strong focus on R&D, with a dedicated technical engineering center and a mold design department, leading to rapid new product development[55]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[135]. Market Expansion and Strategic Initiatives - The acquisition of Jinning Microwave expanded the company's electronic components into the medical and defense sectors, establishing a platform for military product development[44]. - The company plans to continue exploring new business areas while maintaining its core operations to achieve sustainable growth[44]. - The company has signed strategic cooperation agreements with Hisense and TCL to establish factories in Mexico, indicating market expansion efforts[54]. - The company aims to expand into new markets, including white goods, rail transportation, and new energy vehicles, leveraging its experience in precision metal structure manufacturing[105]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[135]. Operational Efficiency and Production Capacity - The company has enhanced its production capacity, processing nearly 100,000 tons of steel annually and producing over 25 million LCD TV metal backplates[46]. - The company has 23 precision stamping production lines for LCD TV metal structural components, with an annual production capacity exceeding 25 million units[53]. - The company employs a "sales-driven production" model, organizing production based on customer orders and forecasts[50]. - The company’s production capabilities allow for the rapid response to customer needs, improving customer retention and satisfaction[54]. Environmental and Social Responsibility - The company complies with national and local environmental protection requirements, with all wastewater, waste gas, and noise emissions meeting standards[179]. - The company has passed the ISO 14001 environmental management system certification and will continue to optimize production processes to minimize pollutant emissions[180]. - The company emphasizes safety, environmental protection, and social benefits in its production processes, using environmentally friendly production techniques[181]. - The company is committed to fulfilling its social responsibilities and actively participates in social welfare initiatives[184]. Risks and Challenges - The company faced challenges such as rising raw material costs and a decline in the domestic TV market, but remains confident in its strategic planning and product development capabilities[44]. - The company acknowledges the impact of the COVID-19 pandemic and global economic uncertainties on its financial performance and operational results[9]. - The company faces risks from concentrated customer bases, with over 50% of sales coming from the top five clients[107]. - Raw material costs, particularly for galvanized sheets and aluminum profiles, account for 63% of direct material costs, impacting overall profit levels[109].