| 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]

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].