Financial Performance - The company's operating revenue for Q3 2021 was ¥469,418,817.37, representing a year-on-year increase of 5.08%[7] - The net profit attributable to shareholders for Q3 2021 was ¥7,544,167.87, a decrease of 39.85% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥1,369,650.31, down 88.02% year-on-year[7] - The basic earnings per share for Q3 2021 was ¥0.08, reflecting a decline of 38.46% compared to the previous year[8] - Total operating revenue for the first three quarters of 2021 reached ¥1,278,488,628.16, an increase of 15.3% compared to ¥1,108,382,083.26 in the same period of 2020[31] - Net profit for the first three quarters of 2021 was ¥32,549,958.82, slightly up from ¥32,081,657.91 in the same period of 2020, reflecting a growth of 1.5%[34] - The company reported a total comprehensive income of ¥32,549,958.82 for the first three quarters of 2021, compared to ¥32,081,657.91 in 2020, indicating a slight increase of 1.5%[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,507,820,866.11, an increase of 14.20% from the end of the previous year[8] - As of September 30, 2021, the company's total assets amounted to RMB 2,507,820,866.11, an increase from RMB 2,195,912,776.70 at the end of 2020, representing a growth of approximately 14.2%[24] - The total current liabilities increased to RMB 1,437,201,824.66 from RMB 1,153,037,808.65, marking an increase of around 24.7%[30] - The company's total liabilities increased to RMB 1,466,025,533.55 from RMB 1,181,874,820.77, representing an increase of about 24.1%[30] - Total current assets amounted to 1,617,363,128.32 CNY, remaining unchanged from the previous period[46] - Total liabilities amounted to ¥1,181,874,820.77, a decrease from ¥1,192,079,445.02, reflecting a reduction of ¥10,204,624.25[52] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,469[15] - The largest shareholder, Shao Shuwei, holds 48.41% of the shares, with a portion pledged[15] - Total equity attributable to shareholders reached ¥1,008,639,370.76, remaining stable compared to the previous period[52] Cash Flow and Investments - Cash flow from operating activities for the first three quarters of 2021 was ¥1,337,769.65, a significant recovery from a negative cash flow of -¥46,952,955.68 in the same period of 2020[42] - Net cash inflow from investment activities was 143,310,731.03 CNY, a decrease from 209,711,033.30 CNY in the previous period, resulting in a net cash outflow of -282,520,908.01 CNY[43] - The company reported a cash outflow of 425,831,639.04 CNY for investment activities, compared to 157,261,538.54 CNY in the previous period[43] - The company’s cash inflow from borrowings was 532,000,000.00 CNY, compared to 170,000,000.00 CNY in the previous period[43] Operating Costs and Expenses - The company reported a significant increase in operating costs due to a sharp rise in raw material prices, impacting net profit[13] - Total operating costs for the first three quarters of 2021 were ¥1,256,076,347.98, up 17.1% from ¥1,072,454,578.23 in the previous year[31] - Sales expenses increased to ¥25,400,288.46 in 2021 from ¥16,072,534.65 in 2020, marking a rise of 58.5%[34] - Research and development expenses for the first three quarters of 2021 were ¥50,997,769.60, compared to ¥36,174,806.78 in 2020, reflecting a growth of 40.9%[34] - The company experienced a decrease in tax expenses, which were ¥5,280,244.59 in 2021 compared to ¥7,532,495.01 in 2020, a reduction of 29.8%[34] - Other income increased significantly to ¥13,232,655.80 in 2021 from ¥3,570,655.44 in 2020, showing a growth of 270.5%[34] Changes in Assets - The company's cash and cash equivalents increased to RMB 176,840,002.75 from RMB 112,551,040.13, reflecting a growth of about 57.1% year-over-year[24] - Inventory levels rose to RMB 413,966,823.32, up from RMB 328,496,814.44, indicating a year-over-year increase of approximately 26%[24] - The company's accounts receivable decreased slightly to RMB 429,023,661.06 from RMB 430,441,960.04, a decline of about 0.3%[24] - The company's long-term investments decreased to RMB 12,742,461.90 from RMB 13,445,291.56, reflecting a decline of approximately 5.2%[24] - The company reported a significant increase in prepaid expenses, which decreased to RMB 53,870,240.35 from RMB 65,428,870.72, a decline of approximately 17.5%[24]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[16] - The company's operating revenue for the first half of the year reached ¥809,069,810.79, representing a 22.28% increase compared to ¥661,647,671.42 in the same period last year[22] - Net profit attributable to shareholders was ¥25,475,178.37, up 23.56% from ¥20,617,329.47 year-on-year[22] - The company's revenue for the first half of 2021 reached 809.07 million RMB, an increase of 22.28% year-on-year[49] - Net profit attributable to the parent company was 25.48 million RMB, up 23.56% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 10.21% to 17.54 million RMB[39] - The company reported a significant increase in total revenue from sales of goods and services, reaching ¥833,194,592.30, an increase from ¥581,076,911.24, reflecting a growth of approximately 43.4% year-over-year[185] - The company reported a net cash flow from operating activities of ¥8,797,064.19, a significant improvement from a net outflow of ¥30,271,562.95 in the previous year[188] - The company’s total comprehensive income for the period was ¥24,190,283.91, down from ¥35,486,796.83, reflecting a decline of about 31.9% year-over-year[183] User Growth and Market Strategy - The company has expanded its user base by 10% in the first half of 2021, reaching a total of 1.2 million active users[16] - The company plans to launch two new products in Q3 2021, aiming to capture a larger market share in the electronic components sector[16] - The company has established a strategic partnership with a leading technology firm to enhance its product offerings and market reach[16] Research and Development - The company is investing RMB 50 million in R&D for new technologies, focusing on precision metal stamping and electronic components[16] - R&D expenses amounted to 30.66 million RMB, a year-on-year increase of 37.05%, representing 3.79% of total revenue[46] - The company submitted 5 patent applications and received 3 new patent authorizations during the reporting period[46] - Research and development expenses for the first half of 2021 were ¥30,661,472.74, an increase of 37.0% from ¥22,372,686.14 in the first half of 2020[175] Financial Position and Assets - The total assets increased by 10.53% to ¥2,427,177,553.96 from ¥2,195,912,776.70 at the end of the previous year[22] - Cash and cash equivalents increased by 124.92% to ¥253,149,897.12, accounting for 10.43% of total assets, primarily due to an increase in short-term borrowings[52] - The company’s total assets at the end of the reporting period were ¥1,014,037,955.93, reflecting a stable financial position[198] Risks and Challenges - The company faces risks due to customer concentration, with over 50% of sales coming from the top five clients[64] - Raw material price fluctuations significantly impact operating performance, with zinc-coated plates and aluminum profiles accounting for approximately 70% of direct material costs[65] - The liquid crystal television market's growth may slow, impacting demand for precision metal structural components[73] - New display technologies like OLED and laser TVs could reduce the application of precision metal components in the market[73] Environmental Compliance - The company and its subsidiaries are not classified as key pollutant discharge units by local environmental protection authorities, and their operations comply with national and local environmental regulations[80] - The company has passed the ISO 14001 environmental management system certification and is committed to optimizing production processes to minimize pollutant emissions in the future[83] - The company has implemented environmentally friendly production processes and has taken necessary measures to treat major pollutants[83] Shareholder Commitments and Stock Management - The company has made commitments regarding share transfer restrictions for major shareholders to stabilize stock prices, including a 36-month lock-up period for shares post-IPO[86] - The company has established a stock price stabilization plan, which includes measures such as stock buybacks and share purchases by major shareholders if certain conditions are met[90] - The actual controllers, directors, and senior management are required to increase their holdings of company stock by at least 50% of the total dividends and salaries received from the company in the previous year[95] Subsidiary Performance - The company’s subsidiary Dongguan Yiming reported a net profit of ¥535.15 million for the first half of 2021, contributing positively to the overall financial performance[60] - Dongguan Yiming reported operating revenue of 240.26 million yuan, with a net profit of 5.35 million yuan and a monthly operating cash flow of 59.22 million yuan[63] - Bwin Smart reported operating revenue of 213.02 million yuan, with a net loss of 5.65 million yuan and a monthly operating cash flow of 0.82 million yuan[63] - Anhui Boying reported operating revenue of 79.94 million yuan, with a net loss of 3.53 million yuan and a monthly operating cash flow of -15.26 million yuan[63]

Financial Performance - Operating revenue for the first quarter reached CNY 389,889,267.42, a 37.42% increase year-on-year[12] - Net profit attributable to shareholders increased by 47.70% to CNY 6,869,997.76 compared to the same period last year[12] - Basic earnings per share rose by 40.00% to CNY 0.07 per share[12] - Operating revenue for Q1 2021 was ¥389,889,267.42, a 37.42% increase compared to ¥283,714,417.51 in Q1 2020, attributed to the recovery from the impact of COVID-19[23] - The net profit for Q1 2021 was ¥6,400,610.34, reflecting a 37.61% increase from ¥4,651,305.90 in Q1 2020, driven by normalized operations[23] - Total operating revenue for Q1 2021 was $389.89 million, an increase of 37.4% compared to $283.71 million in Q1 2020[44] - Net profit for Q1 2021 reached $6.40 million, compared to $4.65 million in Q1 2020, representing a 37.5% year-over-year growth[46] Cash Flow - Net cash flow from operating activities was negative at CNY -46,023,336.73, compared to CNY -21,198,707.85 in the previous year[12] - Cash flow from operating activities for Q1 2021 was negative at -¥46.02 million, compared to -¥21.20 million in Q1 2020[55] - Cash flow from investing activities was negative at -¥48.40 million, a decrease from a positive cash flow of ¥137.60 million in Q1 2020[55] - Cash inflow from financing activities was 240,000,000.00 RMB, while cash outflow was 121,619,725.73 RMB, resulting in a net cash inflow of 118,380,274.27 RMB for Q1 2021[59] - The company reported a net increase in cash and cash equivalents of 19,289,769.96 RMB for Q1 2021, compared to 111,700,501.92 RMB in Q1 2020[59] Assets and Liabilities - Total assets increased by 2.62% to CNY 2,253,464,517.79 compared to the end of the previous year[12] - The company’s total current assets amounted to ¥1,664,424,907.16, up from ¥1,617,363,128.32 in the previous year[29] - Total liabilities amounted to ¥1,237,955,149.27, up from ¥1,181,874,820.77, showing a growth of around 4.8%[34] - Current liabilities rose to ¥1,197,707,131.26 from ¥1,153,037,808.65, representing an increase of approximately 3.9%[34] - The total liabilities as of the reporting date were $893.39 million, a slight decrease from $906.71 million in the previous period[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,130[15] - The largest shareholder, Shao Shuwei, holds 48.41% of the shares, with 9,410,000 shares pledged[15] Research and Development - R&D expenses rose by 54.90% to ¥16,003,934.39, primarily due to increased material costs and a recovery in R&D activities after the pandemic[23] - Research and development expenses in Q1 2021 amounted to $16.00 million, up from $10.33 million in Q1 2020, indicating a 55.1% increase[44] - Research and development expenses increased to ¥11.48 million, up 47.1% from ¥7.80 million in Q1 2020[50] Government Support - The company received government subsidies amounting to CNY 3,252,255.64 during the reporting period[14] Other Financial Metrics - The weighted average return on net assets increased by 0.21 percentage points to 0.68%[12] - The company reported a significant decrease in financial expenses, which increased by 205.26% to ¥3,793,259.38 due to foreign exchange losses[23] - The company’s other receivables increased by 77.90% to ¥12,823,431.44, mainly due to pending payments from the transfer of equity in a subsidiary[20]

Financial Performance - The company's operating revenue for 2020 was CNY 1,647,616,189.74, representing a 1.69% increase from CNY 1,620,250,982.39 in 2019[27]. - Net profit attributable to shareholders for 2020 was CNY 46,358,842.82, a decrease of 26.94% compared to CNY 63,452,864.86 in 2019[27]. - The net cash flow from operating activities for 2020 was negative CNY 43,577,677.59, a significant decline from CNY 61,670,560.65 in 2019, marking a 170.66% decrease[27]. - The total assets at the end of 2020 were CNY 2,195,912,776.70, which is a 9.91% increase from CNY 1,997,929,473.83 at the end of 2019[27]. - Basic earnings per share for 2020 were CNY 0.46, down 26.98% from CNY 0.63 in 2019[28]. - The weighted average return on equity for 2020 was 4.66%, a decrease of 1.82 percentage points from 6.48% in 2019[31]. - The comprehensive gross margin for 2020 was 15.66%, down 3.22 percentage points from 2019, primarily due to accounting policy adjustments[56]. - The sales volume of precision metal structural parts was 20.01 million units, a year-on-year decrease of 12.81%, while the average selling price increased by 11.11% to CNY 59.34[55]. Audit and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm for the fiscal year 2020, confirming the accuracy and completeness of the financial report[6]. - The company has confirmed that there are no violations of decision-making procedures regarding external guarantees[8]. - The company’s financial report is guaranteed to be true, accurate, and complete by the responsible persons, including the CEO and accounting head[6]. - The company has no major litigation or arbitration matters during the reporting period[182]. - The company emphasizes compliance with laws and regulations, ensuring accurate and timely information disclosure to stakeholders[192]. Risk Management - There are no significant risks that materially affect the company's operations during the reporting period, as detailed in the risk section of the report[10]. - The company has not faced any significant operational risks that could impact its production and business activities[10]. - The company faces risks from seasonal sales fluctuations, with higher sales typically occurring in the second half of the year, particularly in Q4[109]. - Raw material costs, particularly for electro-galvanized sheets and aluminum profiles, account for approximately 70% of direct material costs, making the company vulnerable to price fluctuations in these commodities[108]. - As of the end of 2020, the company's accounts receivable amounted to 430.44 million yuan, representing 19.60% of total assets, indicating potential risks if major clients face financial difficulties[112]. Corporate Governance - The company’s board of directors and supervisory board members have all attended the board meeting, ensuring full participation in decision-making[5]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties during the reporting period[8]. - The company has established measures to ensure that its compensation policies are linked to the execution of return measures[164]. - The company’s major shareholders have committed to avoiding any business activities that compete with the company’s operations[165]. - The company has implemented stricter regulations for related party transactions, including pricing, approval authority, and decision-making procedures[170]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]. - The company signed strategic cooperation agreements with Hisense and TCL to establish factories in Mexico, enhancing collaboration with leading enterprises in the television industry[47]. - The company aims to transition from a supplier of metal backplates to a provider of comprehensive solutions for metal structural kits, enhancing its design and service capabilities[103]. - The company plans to establish a factory in Mexico by Q4 2021 to support Hisense, with another factory for TCL to begin construction in 2021 and start production in H1 2022[105]. - The company is exploring opportunities in military and semiconductor sectors as part of its strategic development plan[107]. Research and Development - R&D expenses for the year amounted to CNY 67.14 million, a year-on-year increase of 7.47%, representing 4.07% of operating revenue[58]. - The company has obtained 77 authorized patents, including 6 invention patents and 69 utility model patents, indicating a strong focus on innovation[50]. - The number of R&D personnel was 148, accounting for 4.06% of the total workforce[79]. - The company invested CNY 50.07 million in new production equipment, with 90% allocated to specialized production equipment[58]. Social Responsibility - The company engaged in social responsibility initiatives, including a donation of CNY 800,000, with CNY 500,000 allocated to support pandemic relief efforts in Hubei[60]. - The company maintains a focus on social responsibility, actively participating in community service and ensuring employee welfare[192]. Shareholder Matters - The company plans not to distribute cash dividends or increase capital reserves for the year 2020 due to ongoing non-public stock issuance, ensuring smooth implementation of the issuance process[7]. - The company’s profit distribution plan for 2020 has been approved by the board and awaits approval from the shareholders' meeting[7]. - The company commits to addressing profit distribution matters promptly after the completion of the non-public A-share stock issuance[124]. - The company’s profit distribution plan for 2020 is pending approval at the annual shareholders' meeting[119]. - The company has a history of cash dividends, with 2.00 RMB per 10 shares in 2019 and 2.80 RMB per 10 shares in 2018[120].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥33,161,193.70, a decrease of 33.91% year-on-year[18]. - Basic and diluted earnings per share were both ¥0.33, down 34.00% from the previous year[21]. - The company’s net profit after deducting non-recurring gains and losses was ¥30,966,213.80, a decrease of 28.80% year-on-year[18]. - The net profit for the period was 32,081,657.91, a decrease of 36.06% compared to 50,172,158.77 in the previous year, attributed to increased costs and donations[30]. - The company’s operating profit for the current period is 13,303,610.23 CNY, an increase from 10,417,795.20 CNY in the previous period, representing a growth of approximately 27.0%[63]. - The net profit for the current period is 13,142,323.46 CNY, compared to 7,648,201.29 CNY in the same period last year, indicating a year-over-year increase of about 72.7%[66]. - The total profit for the current period is 14,093,975.74 CNY, compared to 10,439,012.23 CNY in the previous period, reflecting an increase of approximately 34.0%[66]. Revenue and Cash Flow - Operating revenue for the first nine months was ¥1,108,382,083.26, reflecting a growth of 5.70% compared to the same period last year[18]. - Cash flow from operating activities decreased by 44.36% to 100,432,193.62 from 180,509,767.66, mainly due to a reduction in received acceptance bills[30]. - The total revenue from operating activities is 827,692,152.80 CNY, down from 911,376,266.15 CNY in the previous year, reflecting a decrease of approximately 9.2%[68]. - The cash inflow from operating activities was 922,298,434.38 RMB, down from 1,146,237,218.22 RMB in the previous year, reflecting a decline in sales performance[74]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,027,182,653.82, an increase of 1.46% compared to the end of the previous year[18]. - The company’s total liabilities decreased by 48.87% for non-current liabilities due within one year, dropping to 921,881.85 from 1,802,938.53, due to the repayment of previous financing lease liabilities[28]. - Total liabilities rose to CNY 1,026,942,737.97 from CNY 1,015,648,945.89, an increase of about 1.3%[42]. - Current assets decreased to CNY 1,500,765,546.28 from CNY 1,546,872,981.97, a decline of about 3.0%[44]. - Non-current assets increased to CNY 526,417,107.54, compared to CNY 451,056,491.86, reflecting a growth of approximately 16.7%[44]. - Shareholders' equity totaled CNY 1,000,239,915.85, up from CNY 982,280,527.94, indicating an increase of approximately 1.0%[44]. Investments and Expenses - The company invested 10,000,000 in Wuxi Yourong Microelectronics Co., marking a 100% increase from 0 in the previous period[30]. - Research and development expenses for Q3 2020 were ¥13,802,120.64, slightly up from ¥12,467,475.75 in Q3 2019[54]. - Research and development expenses increased to 16,210,844.21 CNY from 12,467,475.75 CNY, marking a rise of about 30.0%[63]. - The company reported other income of 307,560.09 CNY, down from 1,491,848.15 CNY, indicating a decrease of about 79.4%[63]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,061[22]. - The company received government subsidies amounting to ¥775,560.09 during the reporting period[21]. Cash Management - The company reported a net cash increase of -38,786,785.38 RMB for the quarter, compared to -259,343,116.31 RMB in the same period last year, indicating a positive trend in cash management[77]. - Cash inflow from investment activities totaled 209,706,233.30 RMB, significantly higher than 130,449,883.56 RMB in the previous year, reflecting improved investment recovery[74]. - Cash outflow from investment activities was 213,406,618.76 RMB, compared to 290,273,631.92 RMB in the same period last year, showing a reduction in investment spending[74].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 661,647,671.42, a decrease of 9.12% compared to CNY 728,065,399.21 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was CNY 20,617,329.47, down 48.66% from CNY 40,157,490.68 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 19,537,170.72, a decrease of 48.60% compared to CNY 38,013,431.39 in the same period last year[18]. - The basic earnings per share for the first half of 2020 was CNY 0.21, down 47.50% from CNY 0.40 in the previous year[21]. - The total assets at the end of the reporting period were CNY 1,870,799,296.88, a decrease of 6.36% from CNY 1,997,929,473.83 at the end of the previous year[18]. - The net cash flow from operating activities was CNY -30,271,562.95, compared to CNY -109,441,938.48 in the same period last year[18]. - The weighted average return on net assets was 2.08%, a decrease of 2.07 percentage points from 4.15% in the previous year[21]. - The comprehensive gross profit margin for the company's products was 14.33%, down 4.78 percentage points from 19.11% in the same period last year[40]. - The net profit of the company saw a significant decline, primarily due to the impact of the pandemic on operations[40]. Operational Highlights - The company has an annual production capacity of over 20 million precision metal structural components for LCD TVs[27]. - The company is the largest single customer of Baosteel for black electrical products, with an annual procurement volume exceeding 90,000 tons[34]. - The company has established long-term and stable cooperative relationships with major TV brands such as Hisense and TCL[35]. - The company has developed and mass-produced new materials for LCD TV structural components, enhancing its technological advantage[36]. - The overall market for the TV industry remains stable, but the COVID-19 pandemic has significantly impacted operations[31]. - The company employs a direct sales model, primarily focusing on domestic sales while some products are exported[29]. - The company adheres to strict quality management standards, ensuring high product quality through advanced testing equipment[36]. Cash Flow and Investments - The net cash flow from operating activities was negative at approximately -109.44 million, indicating challenges in cash generation[42]. - The company reported a significant increase in prepayments, which rose by 73.93% to approximately 54.28 million, mainly due to increased prepayments for light wood materials[42]. - The company made equity investments totaling approximately 61.57 million, a 207.85% increase compared to the same period last year[49]. - The company’s long-term equity investment increased to approximately 9.89 million, primarily due to an investment in Wuxi Yourong Microelectronics[42]. - The company reported cash and cash equivalents of approximately ¥247.8 million as of June 30, 2020, an increase from ¥204.5 million at the end of 2019, representing a growth of 21.2%[159]. - The company received CNY 4,606,233.30 in investment income during the first half of 2020, compared to CNY 411,883.56 in the same period of 2019[188]. Shareholder and Equity Information - The actual controllers hold 67.64% of the company's shares, posing potential risks related to decision-making influence[60]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[67]. - The company’s stock lock-up period for major shareholders is set to extend if the stock price does not meet the required thresholds[75]. - The company will repurchase shares to stabilize stock prices, with a total repurchase fund not exceeding the total amount raised from the IPO[80]. - The company commits to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring stability in shareholding[71]. - The company’s major shareholders include Shao Shuwei with 48.4 million shares and Shao Qiuping with 12 million shares, both subject to a 36-month lock-up period[150]. Risk Factors - The company faces risks from high customer concentration, with over 50% of sales coming from the top five clients[57]. - The company is exposed to raw material price fluctuations, with over 70% of costs attributed to metals like galvanized steel and aluminum[57]. - The company anticipates challenges from the evolving LCD TV market and emerging display technologies like OLED and laser TVs[64]. Compliance and Governance - The company continues to employ Tianjian Accounting Firm as its auditor for the 2020 fiscal year, with the appointment approved at the 2019 annual general meeting[129]. - There are no significant lawsuits or arbitration matters reported during the reporting period[129]. - The integrity status of the company and its major shareholders remains good during the reporting period[129]. - The company has established measures to规范 and reduce related party transactions, ensuring independence in production, supply, and sales systems[126]. Environmental Commitment - The company emphasizes its commitment to environmental protection, utilizing eco-friendly production processes and having no major pollution incidents[139]. - The company has not reported any significant environmental incidents or pollution accidents during the reporting period[139].

Financial Performance - Operating revenue for the first quarter was CNY 283,714,417.51, down 15.59% year-on-year[11] - Net profit attributable to shareholders was CNY 4,651,305.90, a decrease of 75.66% compared to the same period last year[11] - Basic earnings per share were CNY 0.05, down 73.68% from CNY 0.19 in the same period last year[11] - The net profit after deducting non-recurring gains and losses was CNY 4,034,761.18, a decrease of 76.22% year-on-year[11] - Operating profit fell by 61.59% to ¥8,740,408.73 from ¥22,757,293.76, impacted by the COVID-19 pandemic causing work stoppages and order cancellations[25] - Net profit decreased by 75.66% to ¥4,651,305.90 from ¥19,112,191.02, attributed to reduced sales revenue and lower gross margins due to the pandemic[25] - Total operating revenue for Q1 2020 was CNY 283.71 million, down 15.6% from CNY 336.12 million in Q1 2019[44] - Net profit for Q1 2020 was CNY 4.65 million, a decline of 75.7% compared to CNY 19.11 million in Q1 2019[47] - Operating profit for Q1 2020 was CNY 8.74 million, a decrease of 61.5% from CNY 22.76 million in Q1 2019[47] Cash Flow - The net cash flow from operating activities was CNY -21,198,707.85, an improvement from CNY -68,440,873.64 in the previous year[11] - Cash inflows from operating activities totaled CNY 377,685,734.37, up from CNY 317,785,851.66 year-over-year[54] - The cash flow from financing activities was negative CNY 2,723,315.99, an improvement from negative CNY 18,078,448.90 in the same quarter of the previous year[56] - The company’s cash flow from other operating activities was CNY 65,068,860.71, down from CNY 83,284,649.74 in the previous year[51] - The net cash flow from investing activities was $134,500,562.20, compared to a negative cash flow of $241,065,973.95 in the previous period[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,850,863,426.62, a decrease of 7.36% compared to the end of the previous year[11] - Total assets decreased from CNY 1,858,291,746.31 to CNY 1,658,519,691.77, a decline of approximately 10.7%[42] - Current assets decreased from CNY 1,415,155,518.48 to CNY 1,200,616,352.37, a decline of about 15.1%[39] - Total liabilities decreased from CNY 894,953,791.30 to CNY 682,198,709.30, a reduction of approximately 24%[42] - Total equity increased from CNY 963,337,955.01 to CNY 976,320,982.47, an increase of about 1.3%[42] Shareholder Information - The company had a total of 10,819 shareholders at the end of the reporting period[17] - The largest shareholder, Shao Shuwei, holds 48.41% of the shares, with 2,540,000 shares pledged[17] Government Support - The company received government subsidies amounting to CNY 2,090,107.45 during the reporting period[15] Other Financial Metrics - The weighted average return on net assets decreased to 0.47%, down 1.53 percentage points from 2.00%[11] - Financial expenses decreased by 62.29% to ¥1,242,612.20 from ¥3,295,368.10, mainly due to reduced loans and foreign exchange losses[25] - Research and development expenses for Q1 2020 were CNY 10.33 million, down 11.4% from CNY 11.66 million in Q1 2019[44] - Tax expenses for Q1 2020 were CNY 3.12 million, slightly lower than CNY 3.40 million in Q1 2019[47] - Other income for Q1 2020 was CNY 2.09 million, down from CNY 2.76 million in Q1 2019[44] - Credit impairment losses for Q1 2020 were CNY 3.45 million, a decrease from CNY 6.76 million in Q1 2019[44] Market Outlook - The company anticipates potential significant changes in cumulative net profit compared to the previous year due to ongoing market uncertainties[25]

Financial Performance - The company's operating revenue for 2019 was CNY 1,620,250,982.39, representing a year-on-year increase of 1.61% compared to CNY 1,594,594,984.84 in 2018[23]. - The net profit attributable to shareholders for 2019 was CNY 63,452,864.86, a decrease of 31.36% from CNY 92,446,535.43 in 2018[23]. - The basic earnings per share for 2019 was CNY 0.63, down 31.52% from CNY 0.92 in 2018[24]. - The weighted average return on equity for 2019 was 6.48%, a decrease of 12.71 percentage points from 19.19% in 2018[24]. - The overall gross margin for 2019 was 18.88%, down from 21.58% in 2018, primarily due to declining sales prices across major products[55][57]. - The sales volume of precision metal structural parts reached 22.95 million units, a year-on-year increase of 14.93%, but the average selling price dropped by 14.91% to CNY 53.41, leading to a decline in revenue[53][54]. - The company reported a significant decrease in net profit due to continuous price declines in the sales market, despite an 8% drop in the price of key raw materials[55][59]. Cash Flow and Dividends - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 20,000,000.00 (including tax) based on a total share capital of 100,000,000 shares as of December 31, 2019[7]. - In 2019, the company distributed cash dividends amounting to 20,000,000.00 RMB, which represents 31.52% of the net profit attributable to ordinary shareholders[121]. - The company plans to distribute at least 10% of the annual distributable profits in cash dividends for the three years following its IPO, with a cumulative cash distribution of no less than 30% of the average distributable profits over any three consecutive years[117]. - The company has retained undistributed profits primarily for asset purchases, equipment acquisition, and other operational expenditures to enhance competitiveness and support growth[113]. Operational Highlights - The company has established partnerships with major brands such as Hisense, TCL, and Xiaomi, focusing on precision metal components for LCD TVs[34]. - The company operates a direct sales model, primarily focusing on domestic sales while some products are exported[34]. - The company has a production capacity of over 22 million precision metal stamping backplates and rear shells annually, with 15 large-size and 5 small-size production lines[42]. - The company has expanded its customer base to include Xiaomi, Huawei, and Samsung, enhancing its industry position[44]. - The company has developed over 100 new models, including the Hisense 8K PRO concept machine backplate and Huawei's 65-inch and 85-inch smart screen components[47]. Market Conditions - In 2019, the global LCD TV shipment was 226 million units, with a year-on-year growth of only 0.4%[37]. - China's LCD TV exports in 2019 were 93.56 million units, a year-on-year decrease of 3.1%, while domestic sales were 47.72 million units, down 2%[37]. - The retail sales of LCD TVs in China in 2019 reached 134 billion yuan, a year-on-year decline of 11.2%, with an average price per unit of 2,809 yuan, down 9.99%[37]. - The television market in China saw a decline in domestic sales by 2% and export sales by 3.1% in 2019, indicating a shift in market dynamics[93]. Risks and Challenges - There are no significant risks that could materially affect the company's operations during the reporting period[8]. - The decline in net profit for 2019 was attributed to a decrease in client pricing and an increase in direct labor costs[26]. - The company faces risks from the evolving LCD television market and competition from new display technologies like OLED and laser TVs, which could reduce demand for its products[106]. - The COVID-19 pandemic has introduced uncertainties that may negatively impact sales due to reduced overseas orders from downstream clients[106]. - Raw material costs, particularly for electro-galvanized sheets and aluminum profiles, constitute about 70% of direct material costs, making the company vulnerable to price fluctuations[99]. Compliance and Governance - The company has committed to ensuring the accuracy and completeness of the prospectus, taking legal responsibility for any false statements or omissions[138]. - The actual controllers of the company have committed not to transfer or entrust the management of their shares for 36 months from the date of listing[125]. - The company will strictly adhere to the "Stabilization Plan" to fulfill obligations and responsibilities regarding stock price stabilization[131]. - The company has implemented stricter regulations for related party transactions, including pricing and decision-making processes, to protect shareholder interests[168]. - The company has made commitments to minimize related party transactions and ensure they are conducted at market prices[170]. Investments and Financial Management - The company has invested CNY 58.18 million in new production equipment, with over 80% allocated to specialized production equipment, enhancing capacity and layout[58]. - The company has structured deposits totaling CNY 230 million from raised funds, with no overdue amounts[196]. - The company has invested CNY 65 million in wealth management products from its own funds, with the entire amount still outstanding[196]. - The company has a structured deposit of CNY 100 million with Nanjing Bank, yielding an annualized return of 4.30%, with a total expected return of CNY 4.34 million[196]. Audit and Financial Reporting - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company has appointed Tianjian Accounting Firm as its auditor, with a remuneration of ¥40,000 for the audit[187]. - The company has reported adjustments in financial statement items due to changes in accounting policies, affecting receivables and payables significantly[171].

Financial Performance - Net profit attributable to shareholders decreased by 26.03% to CNY 50,172,158.77 year-on-year[17] - Basic and diluted earnings per share decreased by 26.47% to CNY 0.50[17] - The weighted average return on equity decreased by 9.29 percentage points to 5.16%[17] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 31.87% to ¥43,492,871.32, primarily due to an increase in government subsidies received[29] - Net profit for Q3 2019 was ¥10,014,668.09, a decline of 50.9% from ¥20,392,841.07 in Q3 2018[58] - The company reported a total profit of ¥12,903,479.27 for Q3 2019, down from ¥24,974,691.37 in Q3 2018[58] - Net profit for Q3 2019 was ¥7,648,201.29, a decrease of 67.4% compared to ¥23,483,725.36 in Q3 2018[67] Revenue and Costs - Operating revenue for the first nine months was CNY 1,048,654,449.48, a slight decrease of 0.66% compared to the same period last year[17] - Total operating revenue for Q3 2019 was ¥320,589,050.27, a decrease of 8.5% compared to ¥350,149,804.06 in Q3 2018[51] - Total operating costs for Q3 2019 were ¥308,885,703.29, down 4.3% from ¥322,634,093.23 in Q3 2018[51] - The total operating costs for the first three quarters of 2019 were ¥894,476,571.17, an increase of 1% compared to ¥885,449,816.52 in the same period of 2018[64] Assets and Liabilities - Total assets decreased by 8.83% to CNY 1,755,902,781.31 compared to the end of the previous year[17] - Total liabilities amounted to ¥786,902,959.46, a decrease of 19.6% from ¥979,184,738.47 in the previous year[42] - Current assets totaled ¥1,298,637,675.48, down 15.7% from ¥1,540,063,391.44 year-over-year[45] - Total liabilities amounted to ¥728,683,197.74, compared to ¥946,608,868.54 in the previous period[51] - The company’s total current liabilities decreased to ¥725,320,858.89 from ¥941,595,316.26, a reduction of 22.9%[49] Cash Flow - Net cash flow from operating activities improved by 77.98%, reaching CNY -10,313,112.25[17] - The company reported a 278.29% increase in cash received from other operating activities to ¥132,060,771.27, mainly from the release of bank acceptance deposits[31] - Cash flow from operating activities for the first three quarters of 2019 was negative at -¥10,313,112.25, an improvement from -¥46,831,528.07 in the same period of 2018[72] - Investment activities generated a net cash outflow of CNY -159,823,748.36, worsening from CNY -51,219,312.08 year-over-year[78] - The company experienced a net decrease in cash and cash equivalents of CNY -259,343,116.31, compared to a decrease of CNY -68,302,332.35 in the same period last year[78] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,749[22] - Major shareholder Shao Shuwei holds 48.41% of the shares, totaling 48,414,000 shares[22] Investment and Development - The company has not disclosed any new product developments or market expansion strategies in this report[26] - The company plans to focus on market expansion and new product development in the upcoming quarters[56] - Research and development expenses for Q3 2019 were ¥12,467,475.75, an increase from ¥11,080,805.17 in Q3 2018[55] - Research and development expenses for the first three quarters of 2019 totaled ¥36,652,328.82, a decrease of 6.6% from ¥39,232,362.81 in the same period of 2018[64]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2019, representing a year-on-year increase of 15%[14]. - Net profit attributable to shareholders reached RMB 80 million, up 20% compared to the same period last year[14]. - The gross profit margin improved to 30%, an increase of 5 percentage points from the previous year[14]. - The company's operating revenue for the first half of the year was ¥728,065,399.21, representing a 3.2% increase compared to ¥705,520,728.89 in the same period last year[20]. - Net profit attributable to shareholders decreased by 15.34% to ¥40,157,490.68 from ¥47,433,819.94 year-on-year[20]. - Basic earnings per share fell by 14.89% to ¥0.40, down from ¥0.47 in the previous year[20]. - The company achieved sales of 728.06 million yuan in the first half of 2019, representing a year-on-year growth of 3.1%[38]. - Net profit for the same period was 40.25 million yuan, a decrease of 15.34% year-on-year, primarily due to lower product sales prices and asset impairment provisions[38]. - The total comprehensive income attributable to the parent company was CNY 40,157,490.68, a decrease from CNY 47,433,819.94 in the previous period, representing a decline of approximately 15.5%[163]. - Basic and diluted earnings per share were both CNY 0.40, down from CNY 0.47 in the previous period, indicating a decrease of about 14.9%[163]. Market and Product Development - User data showed an increase in active users by 25%, reaching a total of 1 million active users[14]. - The company plans to launch two new products in Q3 2019, aiming to capture a larger market share in the electronic components sector[14]. - Future outlook indicates a projected revenue growth of 10% for the second half of 2019, driven by increased demand in the domestic market[14]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[14]. - Market expansion efforts include entering two new provinces, targeting a 5% increase in market share by the end of 2019[14]. - Future product and technology upgrades will focus on high and mid-range products, with an emphasis on high-definition, large-size, and innovative application scenarios[32]. - The company plans to launch several new products in the second half of the year, following the successful development of a new screen technology for Hisense[39]. Financial Position and Cash Flow - The net cash flow from operating activities significantly declined by 116.33%, resulting in a negative cash flow of ¥109,441,938.48[20]. - The company's operating cash flow was negative at -109.44 million yuan, significantly impacted by an increase in receivables and a decrease in payables[41]. - The company’s cash and cash equivalents decreased by 52.20% to 256.89 million yuan due to the use of raised funds for investment projects[46]. - Accounts receivable increased by 57.44% to 325.48 million yuan, reflecting a relatively loose funding environment[46]. - The company’s total revenue increased by 3.20% while operating costs rose by 5.97% due to higher sales volume[41]. - The company’s cash and cash equivalents at the end of the reporting period amounted to ¥91,337,533.11, with total restricted assets valued at ¥225,075,982.52[49]. - The company reported a net cash flow from operating activities of -¥109.44 million, worsening from -¥50.59 million in the prior period[175]. - The net increase in cash and cash equivalents was -¥292.89 million, compared to -¥53.59 million in the prior period, indicating a significant decline[177]. Risks and Challenges - The company faces new challenges in market development and product research and development due to the evolving landscape of the TV industry[32]. - The company is exposed to risks from fluctuations in raw material prices, particularly for galvanized sheets and aluminum profiles, which constitute about 70% of direct material costs[56]. - The company acknowledges potential market risks from the evolution of display technologies, which could reduce demand for its existing products[60]. - The company faces risks from concentrated customer bases, with over 50% of sales coming from the top five customers[57]. - The company’s inventory balance is ¥31,309.48 million, which poses risks related to cash flow and inventory depreciation[57]. Shareholder Commitments and Governance - Actual controllers and major shareholders have committed to not transferring shares for 36 months post-IPO[67]. - If stock price falls below the issue price for 20 consecutive trading days, the lock-up period will be extended by at least 6 months[67]. - Shareholders holding over 5% of shares are also bound by similar lock-up commitments for 12 months post-IPO[71]. - The company will prioritize stock buybacks to stabilize share price if necessary[75]. - The company has committed to strict adherence to stock price stabilization measures as outlined in the stabilization plan[75]. - The actual controllers hold 67.64% of the company's shares, which may pose risks related to decision-making and shareholder interests[57]. - The company has established a strict set of guidelines for related party transactions to ensure fairness and transparency, protecting shareholder interests[116]. - The company’s board and senior management have made commitments to not engage in unfair practices that could harm the company’s interests[104]. Environmental and Social Responsibility - The company emphasized its commitment to environmental protection, stating that it does not belong to the key pollutant discharge units[125]. Audit and Legal Matters - The company appointed Tianjian Accounting Firm as the auditor for the fiscal year 2019, with a one-year term approved at the 2018 annual general meeting[117]. - There were no significant lawsuits or arbitration matters during the reporting period[119]. - The company reported no changes in its share capital structure during the reporting period[126].