Financial Performance - The company achieved total revenue of CNY 4,734,159,809.05 in 2021, representing a year-on-year growth of 29.48%[25]. - Net profit attributable to shareholders reached CNY 955,854,869.21, an increase of 56.83% compared to the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 948,500,729.20, up 61.88% year-on-year[25]. - The net cash flow from operating activities surged by 2,237.02%, amounting to CNY 594,289,640.10[25]. - Total assets increased by 16.96% to CNY 6,940,424,803.25 at the end of 2021[25]. - Shareholders' equity attributable to the parent company rose by 19.91% to CNY 4,676,774,780.56[25]. - The company reported a basic earnings per share of CNY 2.08, reflecting a growth of 54.07% from the previous year[26]. - The company achieved operating revenue of 1,361.08 million yuan, a year-on-year increase of 42.65%, and a net profit of 688.82 million yuan, up 58.87%[41]. - Guangzhou Tianji realized operating revenue of 173.58 million yuan, a year-on-year growth of 37.48%, and a net profit of 58.19 million yuan, increasing by 44.97%[41]. - The international trade segment generated revenue of 3,061.95 million yuan, reflecting a year-on-year growth of 23.86%[43]. Research and Development - The company invested 107.69 million yuan in R&D, representing a 58.12% increase compared to the previous year[45]. - The company has established a complete technology R&D system with 264 patents, including 53 invention patents and 142 patents currently under application[45]. - R&D expenses totaled 107,688,882.72 yuan, which is 2.27% of the operating revenue[90]. - R&D investment increased by 58.12% compared to the previous period[92]. - The company plans to enhance its R&D capabilities by establishing a technology innovation center in Chengdu, focusing on new product development and technology platform establishment over the next three years[130]. Market Position and Strategy - The company maintained long-term cooperation with internationally renowned manufacturers, leading to significant revenue growth in emerging markets[29]. - The company plans to continue expanding its market presence and investing in new technologies to sustain growth[37]. - The company is focusing on expanding its market presence and enhancing its R&D capabilities to meet the growing demand for electronic components[119]. - The company aims to establish two major manufacturing bases and three operational centers, focusing on the development of core technologies and achieving carbon neutrality as part of its long-term strategy[126]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2023[154]. Corporate Governance - The company has established an "Independent Director System" to ensure the independent and fair performance of its directors and senior management, maintaining the interests of shareholders[141]. - The company reported that its controlling shareholder and actual controller have signed commitments to avoid competition with the company, ensuring independence in assets, personnel, finance, and operations[145]. - The company has maintained a high level of information disclosure, ensuring that all significant changes are reported in a timely and accurate manner, with no instances of misleading statements or omissions[141]. - The company has a complete operational system independent of its controlling shareholder, with no instances of fund occupation or illegal guarantees[141]. - The company has implemented a robust credit management system to mitigate risks associated with accounts receivable, particularly from military clients with longer payment cycles[138]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 4.8 RMB per 10 shares, totaling approximately 220,191,010.56 RMB for the year 2021[4]. - The cash dividend policy requires a minimum of 20% of the distributable profit to be distributed as cash if there are no significant capital expenditures planned[184]. - The company’s profit distribution policy emphasizes reasonable returns to investors while maintaining operational sustainability[181]. - The independent directors confirmed that the profit distribution plan complied with the company's articles of association and shareholder resolutions[189]. - The company has established and effectively implemented an internal control system to ensure compliance, asset security, and the integrity of financial reporting[199]. Operational Developments - The company has established several wholly-owned subsidiaries during the reporting period, expanding its operational footprint[87]. - The company established two wholly-owned subsidiaries with a registered capital of 5,000 million yuan each for investment activities[104]. - The company completed the registration of Shanghai Torch Electronic Technology Group Co., Ltd., which will operate in various sectors including new ceramic materials and high-performance fibers[109]. - The company has expanded its operational scale, with 10 wholly-owned subsidiaries and 3 holding subsidiaries, which increases the complexity of management and operational efficiency requirements[137]. - The company has implemented a "Investor Relations Management System" to enhance communication with investors, ensuring transparency and accurate reflection of the company's status[142]. Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[7]. - The company faces risks related to fluctuations in downstream market demand, particularly in the consumer electronics and automotive sectors, which could impact revenue from its capacitor business[135]. - The competitive landscape in the capacitor manufacturing industry is challenging, with established international players holding significant market share, necessitating continuous investment in technology and product structure improvements[136].

Financial Performance - The company achieved total revenue of RMB 4,734,159,809.05 in 2021, representing a year-on-year growth of 29.48%[25]. - Net profit attributable to shareholders reached RMB 955,854,869.21, an increase of 56.83% compared to the previous year[25]. - The net profit after deducting non-recurring gains and losses was RMB 948,500,729.20, reflecting a growth of 61.88% year-on-year[25]. - The net cash flow from operating activities surged by 2,237.02%, amounting to RMB 594,289,640.10[25]. - Total assets increased by 16.96% to RMB 6,940,424,803.25 at the end of 2021[25]. - Shareholders' equity attributable to the parent company rose by 19.91% to RMB 4,676,774,780.56[25]. - The company reported a basic earnings per share of RMB 2.08, up 54.07% from the previous year[26]. - The weighted average return on equity increased by 4.57 percentage points to 22.41%[26]. Revenue Segments - The company’s component segment benefited from rapid growth in demand from military electronics, 5G communications, and new energy sectors[27]. - The overall sales revenue significantly increased due to long-term cooperation with internationally renowned manufacturers in the trading sector[29]. - The company achieved operating revenue of 1,361.08 million yuan, a year-on-year increase of 42.65%, and a net profit of 688.82 million yuan, up 58.87%[41]. - Guangzhou Tianji realized operating revenue of 173.58 million yuan, a year-on-year growth of 37.48%, and a net profit of 58.19 million yuan, increasing by 44.97%[41]. - The new materials segment saw Liyaxincai achieve operating revenue of 122.49 million yuan, a year-on-year increase of 15.12%, and a net profit of 41.05 million yuan, up 26.54%[42]. - The international trade segment generated revenue of 3,061.95 million yuan, reflecting a year-on-year growth of 23.86%[43]. Research and Development - The company invested 107.69 million yuan in R&D, representing a 58.12% increase compared to the previous year[45]. - The company has established a complete technology R&D system with 264 patents, including 53 invention patents and 200 utility model patents[45]. - Research and development expenses increased as the company continued to invest in innovation and R&D capabilities[80]. - The number of R&D personnel is 199, accounting for 9.37% of the total workforce[94]. - The company aims to enhance its R&D capabilities by establishing a technology innovation center in Chengdu, focusing on new product development and technology platform establishment[132]. Market Position and Strategy - The company ranks 32nd in the comprehensive ranking of China's electronic component enterprises, maintaining a strong industry position[54]. - The company maintains a strong market position in the electronic components sector, benefiting from the rapid growth in military electronics, 5G communications, and new energy markets[64]. - The company has established long-term partnerships with several international brands, enhancing its trade segment's revenue generation capabilities[63]. - The company is focused on strategic growth through potential mergers and acquisitions, as indicated by its ongoing evaluations of market opportunities[160]. - The company plans to expand its market presence and enhance its product offerings in response to growing domestic demand[80]. Corporate Governance - The company held 3 shareholder meetings, 11 board meetings, and 7 supervisory meetings during the reporting period, ensuring compliance with legal and regulatory requirements[142]. - Independent directors have fulfilled their duties impartially, ensuring the company operates in the best interests of all shareholders[143]. - The company has implemented an investor relations management system to enhance communication and transparency with investors[144]. - The company has a comprehensive internal control system in place to support its governance structure and operational effectiveness[142]. - The company has maintained compliance with regulatory requirements, with no penalties from securities regulatory agencies in the past three years[164]. Employee and Compensation - The company reported a total of 2,123 employees, with 1,022 in the parent company and 1,101 in major subsidiaries[177]. - The employee composition includes 657 production personnel, 310 sales personnel, 649 technical personnel, 69 financial personnel, and 438 administrative personnel[177]. - The total pre-tax compensation for all directors and senior management amounted to 8,970,200 CNY for the reporting period[151]. - The company is committed to a salary management system that includes monthly wages and bonuses, linked to performance assessments[180]. - The company provides various employee benefits, including housing, meal allowances, paid annual leave, and recreational facilities[180]. Shareholder Returns - The company plans to distribute a cash dividend of 4.8 RMB per 10 shares, totaling approximately 220,191,010.56 RMB for the year 2021[4]. - The cash dividend policy emphasizes reasonable returns to investors, maintaining continuity and stability, with cash dividends prioritized over stock dividends[183]. - The company plans to distribute cash dividends of 3.40 RMB per 10 shares, totaling approximately 155.97 million RMB, based on a total share capital of 458,728,792 shares[191]. - The company used approximately 29.99 million RMB for share repurchases, which is considered part of the cash dividend calculation for the year[192]. Investment and Subsidiaries - The company has established several wholly-owned subsidiaries during the reporting period, expanding its operational scope[89]. - The company established a wholly-owned subsidiary, Quanzhou Zihua Investment Co., Ltd., with a registered capital of 50 million RMB in April 2021 for investment activities[106]. - In September 2021, the company planned a total investment of 500 million RMB to establish Shanghai Torch Electronics Technology Group Co., Ltd., with a registered capital of 100 million RMB, focusing on technology services and electronic component sales[111]. - The company’s investment strategy includes establishing subsidiaries to optimize its investment structure and enhance its market presence[106]. Risks and Challenges - The company faces risks related to fluctuations in downstream market demand, particularly in the consumer electronics and automotive sectors, which could impact revenue from capacitor sales[135]. - The competitive landscape in the capacitor manufacturing industry is challenging, with established international players holding significant market share, necessitating continuous investment in technology and product structure[138]. - As revenue scales increase, accounts receivable have also risen, with a focus on high-quality clients such as large electronic technology groups and military enterprises, although longer payment cycles from military clients pose a risk[140].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,184,798,953.98, representing a year-on-year increase of 21.45%[6] - The net profit attributable to shareholders for Q3 2021 was ¥231,021,356.73, reflecting a significant increase of 53.31% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥238,882,800.98, up 65.05% year-on-year[10] - The basic earnings per share for Q3 2021 was ¥0.51, an increase of 53.13% compared to the same period last year[10] - The diluted earnings per share for Q3 2021 was ¥0.49, reflecting a year-on-year increase of 53.31%[10] - Total revenue for the first three quarters of 2021 reached ¥3,596,763,098.63, a significant increase from ¥2,474,447,965.70 in the same period of 2020, representing a growth of approximately 45.3%[33] - Net profit for the third quarter of 2021 was ¥803,673,791.49, compared to ¥437,731,497.64 in the same quarter of 2020, reflecting a growth of approximately 83.4%[36] - The total comprehensive income for the period reached CNY 803,391,169.08, a significant increase from CNY 433,555,176.83 in the previous year[39] - Basic earnings per share increased to CNY 1.71, compared to CNY 0.94 in the same period last year, reflecting a growth of 81.9%[39] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,598,058,523.34, an increase of 11.19% from the end of the previous year[10] - The total assets of the company as of the end of the reporting period were ¥6,598,058,523.34, an increase from ¥5,933,934,468.15 year-over-year, representing a growth of about 11.2%[33] - The total liabilities increased to ¥1,949,629,093.88 from ¥1,910,379,007.30, showing a rise of approximately 2.0%[33] - Total liabilities were approximately $1.91 billion, down by $18.82 million from the previous period[50] - Current liabilities totaled approximately $1.43 billion, a decrease of $4.37 million compared to the previous period[50] - Non-current liabilities amounted to approximately $479.04 million, a decrease of $14.45 million compared to the previous period[50] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥233,725,164.92, a substantial increase of 463.79% compared to the same period last year[10] - Cash flow from operating activities generated a net amount of CNY 233,725,164.92, up from CNY 41,456,358.82 in the previous year, indicating a substantial improvement[42] - The company’s total cash outflow from operating activities was CNY 3,448,407,154.74, compared to CNY 2,314,845,963.01 in the previous year, indicating a rise of 49%[42] - The company reported cash and cash equivalents at the end of the period amounting to CNY 874,556,634.41, an increase from CNY 730,873,671.92 in the previous year[44] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Nanjing Zihua Electronics Co., Ltd., with a registered capital of RMB 20 million to enhance its presence in the East China region[24] - The company added 30 new patents during the reporting period, including 2 invention patents, 25 utility model patents, and 3 design patents[23] Social Responsibility - The company donated RMB 10 million to support disaster relief efforts in Henan province due to severe flooding, demonstrating its commitment to social responsibility[23] - The company actively engaged in social responsibility initiatives, including donations to support COVID-19 prevention efforts in Quanzhou, totaling RMB 1 million[23] Research and Development - Research and development expenses for the third quarter of 2021 were ¥68,039,929.28, compared to ¥40,186,418.96 in the same quarter of 2020, marking an increase of about 69.4%[36] Market Position - The company ranked 32nd in the 2021 China Electronic Components Industry Association's comprehensive ranking of economic indicators for electronic component enterprises[23] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥2,411,964,144.65, representing a 60.92% increase compared to ¥1,498,866,573.91 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥550,637,925.11, a 100.55% increase from ¥274,562,742.37 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥542,008,336.48, up 102.82% from ¥267,234,687.29 year-on-year[23]. - The net cash flow from operating activities was ¥383,342,133.12, reflecting a 122.27% increase compared to ¥172,466,361.59 in the same period last year[23]. - Basic earnings per share increased by 96.72% to CNY 1.20 compared to the same period last year[24]. - The company achieved total operating revenue of CNY 2,411,964,144.65, a year-on-year increase of 60.92%[61]. - Net profit attributable to shareholders reached CNY 55,063.79 million, up 100.55% compared to the same period last year[47]. - The electronic components segment generated sales revenue of CNY 80,650.86 million, a growth of 69.18% year-on-year[48]. - The trade segment reported revenue of CNY 154,717.24 million, reflecting a 58.30% increase due to strong demand from downstream industries[50]. - The company reported a significant increase in undistributed profits, which rose to ¥2,328,667,989.04 from ¥1,932,901,160.43, marking an increase of approximately 20.5%[161]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,432,335,431.76, representing an 8.40% increase from ¥5,933,934,468.15 at the end of the previous year[23]. - The net assets attributable to shareholders at the end of the reporting period were ¥4,266,417,940.90, a 9.39% increase from ¥3,900,301,446.53 at the end of the previous year[23]. - Total liabilities increased to ¥2,029,325,840.62 from ¥1,910,379,007.30, reflecting a growth of approximately 6.2%[161]. - The total liabilities and equity combined reached ¥6,432,335,431.76, compared to ¥5,933,934,468.15, reflecting an increase of about 8.4%[161]. - The company’s total liabilities amounted to CNY 2,029,325.84 million, with current liabilities totaling CNY 1,518,229.60 million[159]. Research and Development - R&D investment amounted to CNY 40,024.58 million, an increase of 85.31% compared to the previous year[54]. - The company has established a complete technical R&D system and holds 221 patents, including 51 invention patents[54]. - Research and development expenses for the first half of 2021 were ¥40,024,578.12, compared to ¥21,598,615.20 in the previous year, showing an increase of approximately 85.1%[168]. - The company holds 221 patents, showcasing its strong R&D capabilities and technological innovation[42]. Market Position and Strategy - The company has established stable long-term partnerships with several international brands, enhancing its market position[36]. - The global MLCC market size is expected to grow from CNY 101.7 billion in 2020 to CNY 114.8 billion in 2021[37]. - The company is implementing an SAP project to enhance production automation and decision-making capabilities[60]. - The company plans to utilize CNY 44,675.73 million of the raised funds for the high-tech industrialization project of small-sized capacitors[55]. Shareholder Information - The total number of ordinary shareholders reached 31,694 by the end of the reporting period[125]. - Major shareholders include Cai Mingtong with 166,485,440 shares (36.20%) and Cai Jinjun with 24,835,155 shares (5.40%)[126]. - The top ten unrestricted shareholders hold a total of 221,000,000 shares, with Cai Mingtong and Cai Jinjun being the largest individual shareholders[129]. - The company has granted 413,400 restricted stock units to 147 individuals under the 2021 incentive plan, with a vesting period of 12 to 24 months[132]. Environmental and Compliance - The company has constructed a wastewater treatment facility with a capacity of 5 tons per day to manage lead-containing wastewater, ensuring compliance with environmental regulations[93]. - The company has upgraded its environmental protection facilities to fully automatic operation modes, significantly reducing personnel and energy costs while improving pollutant removal efficiency[100]. - The company has purchased environmental pollution liability insurance to cover damages caused by pollution incidents within a 3-kilometer radius of its operations[100]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[99]. Risks and Challenges - The company faces risks related to fluctuations in downstream market demand, particularly in the capacitor market[78]. - The capacitor manufacturing industry is capital and technology-intensive, with significant competition from established international players, leading to potential disadvantages for domestic companies if they do not enhance investment and product structure[79]. - As the company's revenue scales up, accounts receivable have also increased, with military clients experiencing longer payment cycles due to national budget and internal approval processes[81]. - The expansion of business scale and project construction demands higher management standards across production, sales, finance, and human resources, necessitating continuous improvement in risk control and management capabilities[82].

| --- | --- | --- | --- | |------------|--------|--------------------|-------| | | | | | | | 603678 | | | | 债券代码： | 113582 | 债券简称：火炬转债 | | | 转股代码： | 191582 | 转股简称：火炬转股 | | 证券代码：证券简称：火炬电子 公告编号：2021-039 福建火炬电子科技股份有限公司 关于参加 2021 年度福建上市公司投资者 网上集体接待日活动的公告 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。 福建火炬电子科技股份有限公司（以下简称"公司"）为进一步加强与投资 者的互动交流，使广大投资者能更深入全面地了解公司情况，本公司将参加由福 建证监局与福建省上市公司协会、深圳市全景网络有限公司举办的2021年福建上 市公司投资者网上集体接待日活动。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台，采取网络远程的方式举行，投资者可以登录 ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥3.66 billion, representing a 42.30% increase compared to ¥2.57 billion in 2019[29]. - The net profit attributable to shareholders for 2020 was approximately ¥609.49 million, a 59.79% increase from ¥381.44 million in 2019[29]. - The basic earnings per share for 2020 was ¥1.35, up 60.71% from ¥0.84 in 2019[30]. - The weighted average return on equity increased to 17.84% in 2020, up by 4.92 percentage points from 12.92% in 2019[30]. - The net cash flow from operating activities decreased by 89.05% to approximately ¥25.43 million in 2020, down from ¥232.14 million in 2019[29]. - The company's total assets at the end of 2020 were approximately ¥5.93 billion, a 34.36% increase from ¥4.42 billion at the end of 2019[29]. - The net assets attributable to shareholders increased by 25.29% to approximately ¥3.90 billion at the end of 2020, compared to ¥3.11 billion at the end of 2019[29]. - The company achieved total revenue of 365,624.68 million yuan, a year-on-year increase of 42.30%[86]. - Net profit attributable to shareholders reached 60,949.23 million yuan, up 59.79% year-on-year[86]. - The total assets of the company increased to 593,393.45 million yuan, reflecting a growth of 34.36% compared to the beginning of the period[86]. Dividend Policy - The company plans to distribute a cash dividend of 3.4 RMB per 10 shares, totaling approximately 155.68 million RMB for the year 2020[7]. - The cash dividend policy allows for a minimum of 20% of distributable profits to be distributed as cash dividends, with flexibility to increase this percentage if there are no significant capital expenditure plans[156]. - In 2020, the company distributed a cash dividend of 3.40 RMB per 10 shares, totaling 155,683,839.98 RMB, which represents 25.56% of the net profit attributable to ordinary shareholders[160]. - The company’s profit distribution plan prioritizes cash dividends over stock dividends, reflecting a commitment to returning value to shareholders[156]. - The cash dividend distribution plan for 2020 was approved by the board and implemented on April 28, 2020[159]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm for the fiscal year 2020[6]. - The company has committed to ensuring the accuracy and completeness of the financial report as stated by its responsible personnel[5]. - The company has confirmed no non-operating fund occupation by controlling shareholders or related parties[9]. - The company has stated that there are no violations in decision-making procedures regarding external guarantees[9]. - The company has not received any administrative penalties related to the securities market in the last three years, nor has it been involved in significant civil litigation or arbitration related to economic disputes[180]. Business Operations and Strategy - The company expanded its product categories and production capacity, leading to a continuous increase in sales scale[31]. - The company has a diversified business model, including components, new materials, and trade, with a focus on high-end applications in various industries[40]. - The company is actively involved in research and development, particularly in the components sector, which includes a wide range of capacitor products used in advanced fields[41]. - The company has established stable long-term partnerships with international brands such as Taiyo Yuden, AVX, KEMET, and JDI in the trade sector[45]. - The company is recognized as a leading manufacturer and solution provider of special fibers and high-performance ceramic materials in China[55]. - The company holds 189 patents, including 43 invention patents, demonstrating its strong technological capabilities in the electronic components sector[52]. - The company has been awarded the title of "China's Top 100 Electronic Components Enterprises" for nine consecutive years[52]. - The company focuses on high-performance special chemical new materials, achieving international leading levels in technology and product performance[55]. Market Trends and Demand - The capacitor industry is experiencing a shift towards domestic production due to increasing demand for high-reliability components in the defense industry[46]. - The demand for capacitors is expected to increase due to the growth of 5G, big data, IoT, and new energy sectors, indicating significant development potential[125]. - The market share of ceramic capacitors reached 43% in 2019, making them the most dominant type of capacitor[126]. - The demand for passive components in electric vehicles is projected to grow, with the number of MLCCs per vehicle expected to rise from 1000-3000 to 3000-6000 by 2030[131]. - The number of 5G base stations in China is expected to increase from 130,000 in 2019 to 8.16 million by 2025, significantly driving demand for MLCCs[132]. Research and Development - The company invested CNY 68.10 million in R&D, reflecting a year-on-year growth of 21.04%, and holds 189 patents, including 43 invention patents[80]. - The new materials sector will see increased R&D investment to align with national scientific initiatives and promote technology transfer[143]. - The company has established strategic partnerships with several universities and research institutes, enhancing its product offerings and value-added services[78]. - The company is collaborating with Yunhan Xincheng to integrate traditional manufacturing with information technology, enhancing data application and efficiency[85]. Risk Management - The company has outlined potential risks in its future development in the report, which can be found in the section discussing operational conditions[11]. - The company is addressing risks related to market competition and management scalability as it expands its operations and product offerings[150][151]. - The company has established a robust credit management and accounts receivable management system to mitigate risks, although there remains a risk of bad debts if major clients face adverse operational conditions[154]. Corporate Governance - The company has committed to using the funds raised from the non-public offering strictly for operational needs and will not divert these funds for major investments or asset purchases[171]. - The company will supervise and restrict the operations of controlled enterprises to prevent any business activities that may compete with Guangzhou Tianji[174]. - The company has committed to maintaining the independence of Tianji Electronics' assets, ensuring clear ownership and preventing any occupation or appropriation of its assets[183]. - The company promises that all related transactions with Tianji Electronics will be conducted at fair market prices and will not seek additional benefits beyond these transactions[177].

2021 年第一季度报告 | --- | --- | --- | |-------------------|-------|--------------------| | | | | | | | | | | | | | 公司代码： 603678 | | 公司简称：火炬电子 | | 债券代码： 113582 | | 债券简称：火炬转债 | | 转股代码： 191582 | | 转股简称：火炬转股 | 福建火炬电子科技股份有限公司 2021 年第一季度报告 1 / 25 2021 年第一季度报告 重要提示 一、 i i 公司基本情况. 三、 重要事项 四、 附录 目录 2 / 25 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人蔡明通、主管会计工作负责人周焕椿及会计机构负责人（会计主管人员）陈明俊 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审 ...

Financial Performance - Operating revenue for the first nine months reached CNY 2,474,447,965.70, a 43.28% increase year-on-year[17]. - Net profit attributable to shareholders rose by 46.28% to CNY 425,248,110.50 compared to the same period last year[17]. - Basic earnings per share increased by 46.88% to CNY 0.94[17]. - The company's operating revenue for the current period is CNY 2,474,447,965.70, representing a year-on-year increase of 43.28% compared to CNY 1,727,024,346.06[25]. - The net profit for the first three quarters of 2020 was ¥1,171,920,550.50, compared to ¥942,942,823.01 in the same period of 2019, reflecting a significant growth[54]. - The net profit for Q3 2020 reached ¥112.92 million, compared to ¥60.92 million in Q3 2019, reflecting an 85% year-over-year growth[64]. - The total comprehensive income for the first three quarters of 2020 was CNY 305,694,179.99, compared to CNY 216,221,962.14 in the same period of 2019, representing an increase of approximately 41.5%[66]. Asset Management - Total assets increased by 21.11% to CNY 5,348,791,249.70 compared to the end of the previous year[17]. - The company's current assets reached CNY 3,676,402,283.19, up from CNY 2,890,093,906.93 in the previous year, indicating a growth of approximately 27.2%[41]. - Cash and cash equivalents increased significantly to CNY 735,131,171.92 from CNY 441,681,622.07, representing a growth of about 66.5%[41]. - The total assets as of September 30, 2020, were ¥3,774,113,064.86, an increase from ¥3,027,218,161.57 at the end of 2019[54]. - The company's total current assets amounted to CNY 1,274,776,052.68, with inventory valued at CNY 300,013,530.84[85]. Liabilities and Equity - The total liabilities of the company were CNY 1,666,450,591.11, compared to CNY 1,235,682,905.01 at the end of 2019, reflecting an increase of about 35%[45]. - The company's equity attributable to shareholders reached CNY 3,567,708,717.80, up from CNY 3,112,934,407.56, indicating a growth of approximately 14.6%[45]. - The total liabilities increased to ¥836,535,806.97 from ¥418,275,929.36, showing a significant rise in financial obligations[54]. - Total equity attributable to shareholders reached CNY 3,112,934,407.56, with total equity including minority interests at CNY 3,180,924,345.07[83]. Cash Flow - Cash flow from operating activities decreased by 58.72% to CNY 41,456,358.82 compared to the same period last year[17]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 41,456,358.82, a decrease from CNY 100,432,699.15 in the previous year[70]. - Cash inflow from operating activities for the first three quarters of 2020 was CNY 2,356,302,321.83, up from CNY 1,675,393,571.94 in 2019, indicating a growth of about 40.5%[69]. - The cash inflow from financing activities in the first three quarters of 2020 was CNY 1,072,620,756.63, compared to CNY 422,064,070.79 in 2019, representing an increase of about 154%[70]. Investment and Expenses - Research and development expenses increased by 35.89% to CNY 40,186,418.96, primarily due to increased salary and material costs[25]. - The company reported a significant decrease in investment income, with a loss of CNY 1,898,218.79 compared to a gain of CNY 6,745,735.18 in the previous year[25]. - The company plans to invest CNY 20 million in establishing a wholly-owned subsidiary focused on high-performance fibers and composite materials[32]. - R&D expenses for Q3 2020 amounted to ¥18,587,803.76, a 53.5% increase compared to ¥12,092,973.23 in Q3 2019[56]. Shareholder Information - The number of shareholders at the end of the reporting period was 14,879, with the largest shareholder holding 36.78% of the shares[20]. - The company has approved a share repurchase plan of CNY 30 million, with a buyback period not exceeding 12 months[34].

Financial Performance - The company's operating revenue for the first half of 2020 reached ¥1,498,866,573.91, representing a 41.32% increase compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥274,562,742.37, an increase of 28.72% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥267,234,687.29, reflecting a growth of 33.18% compared to the previous year[20]. - Basic earnings per share for the first half of 2020 were ¥0.61, a 29.79% increase compared to ¥0.47 in the same period last year[23]. - The diluted earnings per share were ¥0.60, reflecting a 27.66% increase year-on-year[23]. - The total operating revenue for the first half of 2020 reached ¥1,498,866,573.91, a 41.2% increase from ¥1,060,614,166.08 in the same period of 2019[148]. - The company reported a total profit of 339,868,450.46 RMB, compared to 262,945,951.66 RMB in the prior year, marking an increase of around 29.2%[150]. - The total comprehensive income for the first half of 2020 was 282,064,042.04 RMB, up from 216,007,213.42 RMB in the previous year, reflecting an increase of approximately 30.6%[152]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 99.59%, amounting to ¥172,466,361.59[20]. - Cash and cash equivalents increased to ¥963,760,200.42, representing 18.94% of total assets, up 118.20% from the beginning of the period[1]. - The ending balance of cash and cash equivalents was CNY 959,504,596.25, up from CNY 447,802,552.70, reflecting an increase of about 114.3%[159]. - Cash inflows from operating activities reached CNY 1,648,995,122.85, up from CNY 1,067,607,232.94, indicating a growth of approximately 54.3%[159]. - The total assets of the company at the end of the reporting period were ¥5,089,216,762.85, a 15.23% increase from the end of the previous year[20]. - Total current assets as of June 30, 2020, amount to 3,438,437,809.30 RMB, an increase from 2,890,093,906.93 RMB at the end of 2019[134]. - Total liabilities increased to ¥1,603,287,530.05, up 29.69% from ¥1,235,682,905.01[140]. Market Position and Business Operations - The main business focuses on the research, production, and sales of capacitors and ceramic new materials, with significant revenue generated from capacitor sales[27]. - The capacitor market in China reached ¥110.2 billion in 2019, accounting for 71% of the global market share, with a compound annual growth rate of 6.73% from 2011 to 2019[33]. - The company has established a strong presence in the capacitor sector, with products widely used in high-end fields such as aerospace, communications, and new energy[28]. - The company has implemented a differentiated marketing strategy, focusing on quality control and customer service across various product lines[41]. - The company actively expands its market presence by establishing subsidiaries in major cities and targeting emerging markets[42]. Research and Development - The company holds 161 patents, showcasing its technological advantages in capacitor manufacturing processes[40]. - The new materials segment has developed high-performance ceramic materials, achieving military production qualifications, which supports further growth in the defense industry[29]. - Research and development expenses amounted to 21,598,615.20 RMB, up from 17,479,842.19 RMB, indicating a rise of approximately 23.5%[150]. Financial Management and Governance - The company has committed to strictly adhere to laws and regulations regarding the use and management of raised funds from non-public offerings, ensuring funds are used legally and reasonably[82]. - The company has established a dedicated account for the management of raised funds, ensuring compliance with regulatory requirements[82]. - The company’s financial statements are prepared based on the going concern principle, with no identified issues affecting its ability to continue operations[192]. - The company has a governance structure that includes a board of directors, supervisory board, and various operational centers[186]. Shareholder Information - The top shareholder, Cai Mingtong, holds 166,485,440 shares, representing 36.78% of the total shares[124]. - The company did not propose any profit distribution or capital reserve fund increase for the half-year period[78]. - The company completed the third phase of its employee stock ownership plan, selling 1,376,553 shares through centralized bidding[89]. Environmental Compliance - The company has implemented a wastewater treatment system with a capacity of 5 tons per day for lead-containing wastewater, ensuring compliance with environmental regulations[108]. - The company has established emergency response plans for environmental incidents, including storage for hazardous waste and chemicals[110].

2020 年第一季度报告 公司代码：603678 公司简称：火炬电子 福建火炬电子科技股份有限公司 2020 年第一季度报告 1 / 24 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 24 2020 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人蔡明通、主管会计工作负责人周焕椿及会计机构负责人（会计主管人员）陈明俊 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------| ...