上海证券交易所 纪律处分决定书 〔2023〕96 号 关于对福建火炬电子科技股份有限公司 控股股东蔡明通及其一致行动人蔡劲军 予以通报批评的决定 当事人： 蔡明通，福建火炬电子科技股份有限公司控股股东； 蔡劲军，福建火炬电子科技股份有限公司控股股东的一致行 动人。 -1- ──────────────────────── 经查明，截至 2016 年 3 月 7 日，福建火炬电子科技股份有 限公司（以下简称火炬电子或公司）控股股东蔡明通及其一致行 动人蔡劲军、蔡某某（以下简称蔡明通及其一致行动人）合计持 有公司股份 85,700,312 股，占公司总股本的 51.50%。其中，蔡 明通持有公司股份 74,469,136 股，占公司总股本的 44.75%；蔡 劲军持有公司股份 10,905,032 股，占公司总股本的 6.55%；蔡某 某持有公司股份 326,144 股，占公司总股本的 0.20%。 2016 年 3 月 8 日至 2021 年 7 月 1 日，蔡明通及其一致行动 人经主动减持和被动稀释，持股比例从 51.50%降为 41.63%，累 计变动股份占公司总股本的 9.871%。其中，2016 年 3 ...

证券代码：603678 证券简称：火炬电子 公告编号：2023-031 转债代码：113582 转债简称：火炬转债 福建火炬电子科技股份有限公司 关于参加福建辖区上市公司 2023 年投资者 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法律责任。 重要内容提示： 活动召开时间：2023年5月15日（星期一）16:00-17:30 活动召开地点："全景路演"网站（https://rs.p5w.net）、"全景财经" 微信公众号、"全景路演"APP 活动召开方式：网络在线互动 为进一步加强与投资者的互动交流，福建火炬电子科技股份有限公司（以下简 称"公司"）将参加由福建证监局、福建省上市公司协会与深圳市全景网络有限公 司联合举办的"2023年福建辖区上市公司投资者网上集体接待日活动"，现将相关 事项公告如下： 一、活动类型 本次活动以网络方式召开，届时公司高管将在线就公司2022年度及2023年第 一季度业绩、公司治理、发展战略、经营状况、可持续发展等投资者关心的问题与 投资者进行沟通与交流，在信息披露允许的范围 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥641,503,752.91, representing a decrease of 23.90% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥126,369,484.01, down 34.83% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥122,560,846.93, a decrease of 34.99% compared to the previous year[6]. - The basic earnings per share were ¥0.28, reflecting a decline of 33.76% year-on-year[7]. - The diluted earnings per share were ¥0.27, down 34.09% compared to the same period last year[7]. - Net profit for the first quarter was ¥127,592,294.39, down 35.2% from ¥196,766,330.50 in the previous year[27]. - Operating profit decreased from ¥234,260,520.10 to ¥149,770,820.60, a decline of approximately 36.0%[27]. - The gross profit margin for Q1 2023 was approximately 23%, compared to 29% in Q1 2022, indicating a decline in profitability[47]. - Basic earnings per share for Q1 2023 were 0.28, down from 0.42 in Q1 2022, reflecting the impact of reduced revenue[49]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥428,688,651.72, an increase of 76.71% year-on-year[6]. - The net increase in cash and cash equivalents was ¥26,640,560.91, slightly up from ¥26,613,553.17 in the previous period[30]. - In Q1 2023, the company reported cash inflows from operating activities of CNY 1,018,470,662.06, an increase from CNY 997,760,240.20 in Q1 2022, reflecting a growth of approximately 2.7%[57]. - The cash paid for operating activities totaled CNY 589,782,010.34, down from CNY 755,163,468.02 in the previous year, indicating a decrease of approximately 22%[58]. - The net cash outflow from investing activities was CNY -310,443,628.01, compared to CNY -422,990,814.27 in the same period last year, indicating an improvement of about 26.6%[58]. - The net cash flow from financing activities was CNY -88,173,573.17, a significant decrease from CNY 208,384,435.99 in Q1 2022, showing a change of approximately 142.3%[58]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,499,950,362.76, a decrease of 0.55% from the end of the previous year[7]. - Total liabilities decreased from ¥2,076,224,879.17 to ¥1,913,100,056.71, a reduction of approximately 7.9%[24]. - Total assets amounted to approximately CNY 7.54 billion, with a slight decrease of CNY 3.98 million compared to the previous period[61]. - The total liabilities decreased to 4.57 billion from 4.71 billion, indicating improved financial stability[44]. - The total amount of current liabilities decreased from ¥1,129,473,684.15 to ¥946,004,954.72, a decrease of about 16.2%[24]. - The company's total equity attributable to shareholders was CNY 5,281,291,462.39, which is nearly unchanged from CNY 5,281,369,028.81, reflecting a minimal decrease of approximately 0.0004%[54]. Strategic Investments and Business Adjustments - The company acquired a 36% stake in Xiamen Chip One Integrated Circuit Co., Ltd. to expand into new business areas[16]. - The company plans to invest ¥100 million in its wholly-owned subsidiary, with ¥50 million allocated to Xiamen Chip One for capital increase[16]. - The company has completed the liquidation and deregistration of its wholly-owned subsidiary, Quanzhou Zijin Investment Co., Ltd., to optimize its asset and business structure[19]. - The company acquired a 51.01% stake in Xiamen Chip Generation for 174 million through equity acquisition and capital increase, which will be included in the consolidated financial statements[39]. - The company plans to optimize resource allocation by deregistering wholly-owned subsidiaries as part of its strategic adjustments[41]. - The company is focused on expanding its market presence and enhancing product development strategies[63]. Operational Efficiency - Total operating costs for Q1 2023 were 493.55 million, down from 608.20 million in Q1 2022, reflecting a cost reduction strategy[47]. - Research and development expenses increased to 22.47 million in Q1 2023, up from 20.38 million in Q1 2022, highlighting a focus on innovation[47]. - The company reported a credit impairment loss of ¥1,069,072.78, compared to a gain of ¥683,292.94 in the previous year[27]. - The company's capital reserve decreased from ¥1,305,373,950.67 to ¥1,293,779,782.77, a decline of approximately 0.9%[24]. - Cash and cash equivalents at the end of the period were ¥837,778,698.88, compared to ¥941,474,548.08 at the end of the previous period, indicating a decrease of 11.0%[30].

| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2023-018 | | --- | --- | --- | | 转债代码：113582 | 转债简称：火炬转债 | | 福建火炬电子科技股份有限公司 2022 年度业绩暨现金分红说明会预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要提示: 会议召开时间：2023年3月31日（星期五）下午16:00-17:00 会议召开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2023年3月22日(星期三)至3月30日(星期四)16:00前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱investor@torch.cn 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。 福建火炬电子科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 22 日发布公司 2022 年度报告，为便于广大投资者更全 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥876,084,184.86, a decrease of 26.06% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥221,393,211.90, down 4.17% year-on-year[6]. - The basic earnings per share for Q3 2022 was ¥0.49, a decrease of 3.92% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 was ¥2,836,391,241.02, a decrease of approximately 21.2% compared to ¥3,596,763,098.63 in the same period of 2021[31]. - Net profit for the third quarter of 2022 was ¥737,137,139.98, compared to ¥803,673,791.49 in the same quarter of 2021, indicating a decline of approximately 8.3%[38]. - Total comprehensive income amounted to ¥766,440,096.02, a decrease from ¥803,391,169.08 in the previous year, representing a decline of approximately 4.6%[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,524,291,159.11, an increase of 8.41% from the end of the previous year[9]. - The company's total liabilities increased to ¥2,153,989,558.25 in 2022 from ¥2,118,729,452.33 in 2021, representing a growth of about 1.7%[31]. - Current liabilities totaled CNY 1,217.48 million, down from CNY 1,516.81 million in the previous year[29]. - The total equity attributable to shareholders of the parent company rose to ¥5,189,975,331.09 in 2022, up from ¥4,676,774,780.56 in 2021, marking an increase of approximately 10.9%[31]. - The company's total assets reached ¥7,524,291,159.11 in 2022, compared to ¥6,940,424,803.25 in 2021, representing an increase of approximately 8.4%[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥539,297,667.37, an increase of 130.74% compared to the same period last year[9]. - Cash inflow from operating activities totaled ¥2,947,682,731.62, down from ¥3,682,132,319.66, reflecting a decrease of approximately 20%[40]. - Cash outflow from operating activities was ¥2,408,385,064.25, compared to ¥3,448,407,154.74 in the previous year, showing a reduction of about 30%[43]. - Cash flow from investing activities showed a net outflow of ¥580,083,514.69, worsening from a net outflow of ¥231,079,584.73 in the previous year[43]. - Cash flow from financing activities resulted in a net outflow of ¥59,529,841.41, compared to a net inflow of ¥80,434,809.53 last year[43]. - The ending balance of cash and cash equivalents was ¥827,581,219.50, down from ¥874,556,634.41 in the previous year, indicating a decrease of approximately 5.4%[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,271[14]. - The largest shareholder, Cai Mingtong, holds 166,485,440 shares, representing 36.20% of the total shares[14]. Segment Performance - In the first three quarters of 2022, the company's self-produced components segment generated revenue of CNY 1,258.26 million, a year-on-year increase of 7.76%[18]. - The parent company, Torch Electronics, achieved operating revenue of CNY 1,097.12 million, up 5.51% year-on-year, with a net profit of CNY 609.56 million, reflecting a growth of 10.14%[18]. - The new materials segment reported revenue of CNY 64.42 million, a decline of 32.54% compared to the same period last year[20]. - The international trade business saw revenue of CNY 1,499.50 million, down 35.66% year-on-year due to weak demand in the consumer electronics market[20]. Investments and Acquisitions - The company completed a share buyback of 761,269 shares, accounting for 0.17% of the total share capital, with a total expenditure of CNY 34.99 million[21]. - The company and its subsidiary established an industrial investment fund with a total subscription amount of CNY 250.10 million, with the company contributing CNY 50 million[22]. - The acquisition of a 29% minority stake in Japan's泉源株式会社 was completed for a total consideration of JPY 15.19 million[23]. Research and Development - Research and development expenses for the third quarter of 2022 were ¥73,630,479.53, compared to ¥68,039,929.28 in the same quarter of 2021, reflecting an increase of about 8.5%[34]. Government Support - The company received government subsidies amounting to ¥18,086,137.10 during the reporting period[10]. Financial Ratios - The weighted average return on equity for Q3 2022 was 4.36%, a decrease of 0.91 percentage points year-on-year[9]. - The company reported a decrease in non-recurring gains and losses, with a total of ¥12,795,526.15 for the reporting period[10]. - The deferred income increased significantly to ¥153,066,865.51 in 2022 from ¥72,712,445.98 in 2021, showing an increase of about 109.8%[31]. - The company reported a decrease in financial expenses to ¥29,510,955.46 in the third quarter of 2022 from ¥18,443,238.80 in 2021, indicating a rise of approximately 60.1%[34]. - Basic earnings per share decreased to ¥1.57 from ¥1.71, a decline of approximately 8.2%[40]. - Diluted earnings per share also fell to ¥1.52 from ¥1.65, representing a decrease of about 7.9%[40].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,960,307,056.16, a decrease of 18.73% compared to ¥2,411,964,144.65 in the same period last year[20] - The net profit attributable to shareholders of the listed company was ¥496,405,978.07, down 9.85% from ¥550,637,925.11 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥484,380,689.73, a decrease of 10.63% compared to ¥542,008,336.48 in the same period last year[20] - Basic earnings per share for the first half of 2022 were ¥1.08, a decrease of 10.00% from ¥1.20 in the same period last year[23] - The weighted average return on net assets decreased by 3.1 percentage points to 10.22% from 13.32% in the previous year[23] - The company achieved total operating revenue of CNY 1,960.31 million, a year-on-year decrease of 18.73%[46] - Net profit attributable to shareholders of the parent company was CNY 496.41 million, down 9.85% year-on-year[46] - The total profit for the first half of 2022 was approximately ¥608.38 million, compared to ¥676.09 million in the first half of 2021, indicating a decline of about 10.00%[186] Cash Flow and Investments - The net cash flow from operating activities increased by 35.11% to ¥517,928,549.20 from ¥383,342,133.12 in the previous year[20] - The company received increased government subsidies and reduced cash payments for procurement, contributing to the increase in net cash flow from operating activities[23] - Operating cash inflow for the first half of 2022 was CNY 2,074,327,834.96, a decrease of 21.6% from CNY 2,646,559,747.29 in the first half of 2021[193] - Investment cash outflow totaled CNY 489,951,565.49, significantly higher than CNY 137,824,184.00 in the previous year, resulting in a net cash flow from investment activities of -CNY 430,104,265.14[195] - Cash inflow from financing activities was CNY 787,022,983.31, compared to CNY 624,358,349.66 in the first half of 2021, while net cash flow from financing activities decreased to -CNY 120,382,024.59[195] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,358,166,349.34, an increase of 6.02% from ¥6,940,424,803.25 at the end of the previous year[20] - The net assets attributable to shareholders of the listed company increased by 6.03% to ¥4,958,881,784.14 from ¥4,676,774,780.56 at the end of the previous year[20] - The company's total assets increased to ¥7,358,166,349.34 from ¥6,940,424,803.25, representing a growth of approximately 6% year-over-year[172] - The total liabilities amounted to ¥2,241,764,147.68, compared to ¥2,118,729,452.33, marking an increase of approximately 5.8%[172] - Long-term borrowings rose significantly to ¥328,484,200.00 from ¥111,578,250.00, reflecting an increase of about 194%[172] Research and Development - R&D investment reached CNY 46.35 million, an increase of 15.80% compared to the previous year[49] - The company has 292 patents, including 63 invention patents, indicating a strong focus on R&D and innovation[40] - The company has been recognized as a key high-tech enterprise under the National Torch Program, emphasizing its commitment to innovation[40] - Research and development expenses increased to ¥46,346,820.30 from ¥40,024,578.12, marking an increase of about 15.83%[180] Market and Competitive Landscape - The MLCC market in China is expected to reach ¥53.3 billion by 2023, with a compound annual growth rate (CAGR) of 5%[35] - The special MLCC market in China grew from ¥2.1 billion in 2016 to ¥3.6 billion in 2021, with a CAGR of 11.4%[34] - The company faces risks related to fluctuations in downstream market demand, particularly for capacitors, which are essential in various industries[73] - The competitive landscape poses risks as domestic capacitor manufacturers may struggle against established international firms unless they enhance investment and product structure[74] Environmental Compliance - Environmental compliance is a priority, with the company classified as a key pollutant discharge unit, managing wastewater and emissions from its electroplating processes[85] - The company has constructed a lead-containing wastewater treatment facility with a processing capacity of 5 tons per day[88] - The company has implemented automatic upgrades to its environmental protection facilities, significantly reducing personnel and energy costs while improving pollutant removal efficiency[95] - The company has not faced any administrative penalties due to environmental issues during the reporting period[91] Shareholder and Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[7] - The company has committed to avoiding any business competition with Tianji Technology to protect shareholder interests[97] - The company will not transfer or manage its shares in Tianji Technology during the lock-up period and will not propose a buyback of those shares[100] - The company guarantees that there will be no fraudulent issuance of shares during Tianji Technology's public offering[106]

Financial Performance - The company's operating revenue for Q1 2022 was ¥842,925,014.79, a decrease of 26.92% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥193,911,509.50, down 24.89% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥188,513,276.26, a decrease of 26.12% year-on-year[6]. - Basic earnings per share were ¥0.42, down 24.52% compared to the same period last year[6]. - Total operating revenue for Q1 2022 was ¥842,925,014.79, a decrease of 26.9% compared to ¥1,153,374,099.02 in Q1 2021[31]. - Net profit for Q1 2022 was ¥196,766,330.50, a decline of 24.6% from ¥261,029,930.92 in Q1 2021[33]. - Basic earnings per share for Q1 2022 were ¥0.42, compared to ¥0.56 in Q1 2021, reflecting a decrease of 25%[33]. - Total comprehensive income for Q1 2022 was ¥197,613,392.06, down 24.7% from ¥262,565,591.03 in Q1 2021[33]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 707.60% to ¥242,596,772.18[6]. - Cash flow from operating activities for Q1 2022 was ¥242,596,772.18, significantly higher than ¥30,039,063.12 in Q1 2021[36]. - The company reported a cash balance of approximately 948.83 million yuan, an increase from 922.21 million yuan at the end of 2021[22]. - Total current assets as of March 31, 2022, amounted to approximately 4.64 billion yuan, slightly increasing from 4.64 billion yuan at the end of 2021[25]. - Non-current assets totaled approximately 2.61 billion yuan, an increase from 2.30 billion yuan at the end of 2021[25]. - Total assets reached approximately 7.25 billion yuan, compared to 6.94 billion yuan at the end of 2021[25]. - Total liabilities amounted to approximately 2.24 billion yuan, up from 2.12 billion yuan at the end of 2021[27]. - The company's equity attributable to shareholders increased to approximately 4.87 billion yuan from 4.68 billion yuan at the end of 2021[27]. Government Support and Pandemic Impact - The company received government subsidies totaling ¥83,900,000, which were recorded as deferred income[16]. - The impact of the COVID-19 pandemic led to delays in product acceptance and settlement, contributing to the decline in revenue[16]. - The company aims to actively promote demand recovery following the pandemic while ensuring ongoing epidemic prevention measures[16]. Share Repurchase - The company has repurchased a total of 648,100 shares, accounting for 0.14% of the total share capital, with a total expenditure of approximately 29.99 million yuan[18][20]. - The repurchase price ranged from a maximum of 52.50 yuan per share to a minimum of 43.05 yuan per share[20]. - The company plans to continue its share repurchase program until March 14, 2023, with a total budget of 30 million to 50 million yuan[17]. Expenses and Financial Activities - Total operating costs for Q1 2022 were ¥608,204,953.65, down 26.9% from ¥833,106,305.05 in Q1 2021[31]. - Research and development expenses for Q1 2022 increased to ¥20,380,820.54, up 35.6% from ¥15,043,142.21 in Q1 2021[31]. - Sales expenses for Q1 2022 were ¥25,534,288.02, slightly up from ¥25,130,749.14 in Q1 2021[31]. - The company reported a decrease in tax expenses to ¥37,008,950.53 in Q1 2022 from ¥54,638,108.61 in Q1 2021, a reduction of 32.5%[33]. Cash Flow from Financing and Investing Activities - Net cash flow from investing activities was -$422.99 million, a decrease from -$65.03 million in the previous period[38]. - Cash inflow from financing activities totaled $483.56 million, compared to $286.32 million in the prior period[38]. - Net cash flow from financing activities was $208.38 million, up from $44.13 million year-over-year[38]. - Cash outflow from financing activities was $275.17 million, compared to $242.19 million in the previous period[38]. - Cash outflow from investing activities was $439.30 million, a significant increase from $66.35 million previously[38]. - Cash received from borrowings was $483.56 million, compared to $244.19 million in the prior period[38]. - Cash paid for debt repayment was $254.15 million, an increase from $163.71 million in the previous period[38].

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]