Financial Performance - The company's operating revenue for Q1 2023 was ¥197,856,784.78, representing a decrease of 2.21% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥5,311,842.33, showing an increase of 2.05% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,368,422.16, a decline of 132.09% compared to the previous year[4]. - The net cash flow from operating activities was ¥15,666,667.76, down 33.85% year-on-year[4]. - Total operating revenue for Q1 2023 was ¥197,856,784.78, a decrease of 2.3% compared to ¥202,323,673.78 in Q1 2022[21]. - Total operating costs for Q1 2023 were ¥202,819,227.16, an increase of 1.1% from ¥200,401,941.13 in Q1 2022[21]. - The company reported a net profit margin of -2.0% for Q1 2023, compared to a net profit margin of 0.1% in Q1 2022[21]. - In Q1 2023, the net profit attributable to shareholders of the parent company was CNY 5,311,842.33, an increase from CNY 5,204,948.65 in Q1 2022, representing a growth of approximately 2.05%[22]. - The total comprehensive income for Q1 2023 was CNY 6,014,439.80, compared to CNY 4,594,438.80 in Q1 2022, indicating an increase of about 30.9%[23]. - Operating cash flow for Q1 2023 was CNY 15,666,667.76, down from CNY 23,682,241.72 in Q1 2022, reflecting a decrease of approximately 33.8%[26]. - The company reported a total revenue from sales of goods and services of CNY 151,305,276.43 in Q1 2023, compared to CNY 193,304,861.53 in Q1 2022, a decline of about 21.8%[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,899,535,660.81, a decrease of 1.24% from the end of the previous year[5]. - The equity attributable to shareholders increased to ¥843,748,452.63, reflecting a growth of 0.69% compared to the previous year[5]. - Total assets as of March 31, 2023, were ¥1,899,535,660.81, down from ¥1,923,381,503.70 at the end of 2022, a decrease of 1.2%[19]. - Total liabilities as of March 31, 2023, were ¥1,037,916,219.28, a decrease of 2.7% from ¥1,066,869,563.51 at the end of 2022[19]. - Total current assets decreased to ¥715,662,819.07 from ¥741,814,937.22, a decline of approximately 3.9%[30]. - Total liabilities decreased to ¥892,331,108.59 from ¥906,758,421.22, a decline of approximately 1.6%[31]. Cash Flow - Cash and cash equivalents as of March 31, 2023, were ¥482,316,400.33, down from ¥500,650,471.26 as of December 31, 2022, representing a decrease of 3.7%[17]. - The cash and cash equivalents at the end of Q1 2023 were CNY 522,769,824.69, compared to CNY 492,014,748.53 at the end of Q1 2022, showing an increase of approximately 6.3%[27]. - The net cash flow from operating activities was $15,352,957.44, a decrease of 67.7% compared to $47,508,876.86 in Q1 2022[35]. - Total cash inflow from investing activities was $65,979,535.41, down from $88,475,632.16 in the same period last year[35]. - The net cash flow from investing activities was -$94,620,275.25, compared to $34,617,087.40 in Q1 2022, indicating a significant decline[36]. - Cash inflow from financing activities totaled $554,000,000.00, a decrease from $629,000,000.00 in Q1 2022[36]. - The net cash flow from financing activities was $61,978,228.13, recovering from a negative cash flow of -$153,931,365.56 in the previous year[36]. - The ending balance of cash and cash equivalents was $346,261,896.31, slightly up from $340,307,774.84 in Q1 2022[36]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,965[8]. - The company aims to enhance its market position and operational capabilities through this acquisition[10]. - The restructuring is part of the company's broader strategy to expand its business and improve shareholder value[10]. Restructuring and Acquisitions - The company plans to acquire 100% equity of Beijing Zhongjiao Tongxin Technology Co., Ltd. from the Transportation Communication Information Group through a combination of issuing shares and cash payment[10]. - The transaction is expected to constitute a major asset restructuring, with the company's stock suspended since November 1, 2021, pending the completion of the restructuring process[10]. - The company has been actively organizing relevant parties to advance the restructuring work during the suspension period[11]. - The board of directors approved the asset purchase and fundraising plan on November 12, 2021, and disclosed related documents on November 13, 2021[11]. - The company has received inquiries from the Shanghai Stock Exchange regarding the restructuring plan, with responses provided in subsequent announcements[12]. - The restructuring process has been progressing smoothly, with multiple updates issued from November 2021 to June 2022[12]. - The company is committed to complying with relevant laws and regulations in disclosing the progress of the transaction[12]. - The completion of the transaction is subject to the evaluation and approval processes, which have caused delays in the timeline[12]. Operational Efficiency - The company experienced a 41.88% increase in construction in progress, attributed to the expansion of 5G communication tower facilities[6]. - The company’s financial expenses rose by 130.10%, mainly due to fluctuations in the exchange rate of the Renminbi[6]. - Research and development expenses increased to CNY 9,398,692.99 in Q1 2023 from CNY 8,905,727.30 in Q1 2022, marking an increase of approximately 5.5%[22]. - The company’s financial expenses rose significantly to CNY 10,567,054.44 in Q1 2023, compared to CNY 4,592,431.21 in Q1 2022, representing an increase of about 130.3%[22]. - Research and development expenses for Q1 2023 were ¥2,646,222.48, down from ¥3,260,447.83 in Q1 2022, a decrease of approximately 18.8%[32]. - Operating profit for Q1 2023 was ¥1,751,241.06, compared to an operating loss of ¥6,152,286.49 in Q1 2022, indicating improved operational efficiency[33].

Financial Performance - The company's operating revenue for 2022 was ¥818,700,089.37, a decrease of 16.05% compared to ¥975,183,818.74 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥15,406,929.63, an increase of 47.63% from ¥10,435,918.51 in 2021[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,328,566.24, a decrease of 44.97% from ¥7,866,509.09 in 2021[23]. - The net cash flow from operating activities for 2022 was ¥89,939,223.54, an increase of 18.12% compared to ¥76,144,977.04 in 2021[23]. - The total assets at the end of 2022 were ¥1,923,381,503.70, a decrease of 2.92% from ¥1,981,190,212.31 at the end of 2021[24]. - The net assets attributable to shareholders at the end of 2022 were ¥837,957,173.65, a decrease of 9.48% from ¥925,709,410.27 at the end of 2021[24]. - The company's basic earnings per share increased by 25.00% to CNY 0.05 in 2022 compared to CNY 0.04 in 2021[25]. - The company's net profit attributable to shareholders rose by 47.63% despite a 16.05% decline in operating revenue year-on-year[25]. - The weighted average return on equity increased to 1.81% in 2022, up by 0.77 percentage points from 1.04% in 2021[25]. Capital and Restructuring Plans - The company plans to increase capital reserves by issuing 4 additional shares for every 10 shares held, without cash dividends or stock bonuses for 2022[6]. - The company is in the process of a major asset restructuring, planning to acquire 100% equity of Zhongjiao Technology from the Transportation Communication Group[88]. - The company is actively progressing its restructuring efforts since November 2021, with multiple announcements detailing the ongoing process[89]. - The independent directors have approved the proposal to issue shares and pay cash to acquire 100% equity of Zhongjiao Technology from the Transportation Communication Group[93]. - The company plans to enhance asset quality and improve financial conditions through the ongoing major asset restructuring[96]. - The restructuring is expected to reduce related party transactions and avoid industry competition, benefiting the company and all shareholders[96]. - The company is in the process of issuing shares and paying cash to acquire assets, which requires approval from the board, shareholders, and regulatory authorities, introducing uncertainty regarding the approval process[118]. Research and Development - Research and development expenses increased by 9.44% to 50.32 million RMB, reflecting the company's commitment to innovation[62]. - The company completed 15 product technology and process development projects and achieved 8 technology transformation results, along with obtaining 13 utility model patents and 1 invention patent[38]. - Total R&D expenditure amounted to ¥50,318,347.51, representing 6.15% of operating revenue[76]. - The company is focusing on optimizing its business structure and enhancing profitability by developing high-value wireless products and expanding into communication tower construction and structured cabling businesses[35]. Market and Industry Context - The company operates in the "C3831 Wire and Cable Manufacturing" industry, which is cyclical and closely related to macroeconomic conditions[40]. - The company primarily exports its products to developed countries such as the United States and Europe, maintaining high product quality standards above domestic industry standards[41]. - The domestic RF cable industry has a low concentration with hundreds of manufacturers, posing a competitive risk for the company[108]. - The high-frequency head market is dominated by Taiwanese companies, which hold significant shares in the global high-end market[102]. - The telecommunications industry in China saw a total revenue of 1.58 trillion RMB in 2022, representing an 8% year-on-year growth[101]. Risk Factors - The company faces significant risks from fluctuations in raw material prices, particularly for metals like copper and steel, which could impact profitability[109]. - The company is at risk of declining product prices due to intense market competition and potential shifts in demand for satellite TV reception products[111]. - The company’s revenue is primarily in USD, making it susceptible to exchange rate fluctuations, particularly if the RMB appreciates[112]. - The company has a concentrated customer base in North America, which poses risks if market conditions change or trade tensions escalate[113]. - The company has outlined potential risks in its future development discussions, which investors should be aware of[8]. Governance and Compliance - The company has revised its governance structure and 30 governance systems to ensure compliance and support high-quality development[39]. - The company has implemented strict insider information management practices, with no reported violations of insider trading regulations during the reporting period[124]. - The company has established a robust internal control system and governance structure to protect the interests of all shareholders, particularly minority shareholders[122]. - The company guarantees that it will not engage in any illegal occupation of the listed company's funds or assets, nor will it require any form of guarantee from the listed company[172]. Employee and Executive Management - The total number of employees in the parent company and major subsidiaries is 1,393, with 434 in the parent company and 959 in subsidiaries[152]. - The total pre-tax compensation for all executives amounted to 5,012,000 CNY, with the highest compensation being 830,800 CNY for the deputy general manager[128]. - The company’s compensation policy aims to align with overall strategic planning and ensure competitiveness in the market[153]. - The company conducted internal and external training programs to enhance employee skills and management effectiveness[155]. Environmental and Social Responsibility - The company invested ¥66.61 million in environmental protection during the reporting period[165]. - The company reduced carbon emissions by 600 tons through the use of clean energy in its production processes[168]. - The total contribution to public welfare projects amounted to ¥93.5458 million, benefiting 179 individuals[168]. - The company does not belong to the key pollutant discharge units and has adhered to environmental regulations without any violations[167].

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方式 投资者可于 2023 年 4 月 26 日(星期三)至 5 月 5 日(星期五)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 （stock@shengyang.com）进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 浙江盛洋科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况，公司计划于 2023 年 5 月 8 日下午 13:00-14:30 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 证券代码：603703 证券简称：盛洋科技 公告编号：2023-025 浙江盛洋科技股份有限公司 关于召开 2022 年度业绩说明会的通知 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 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥189,256,765.34, a decrease of 21.93% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was ¥5,326,947.02, an increase of 463.10% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥83,000.35, a significant increase of 6,291.97% compared to the same period last year[4] - The basic earnings per share for Q3 2022 was ¥0.0183, reflecting an increase of 471.88% year-on-year[5] - Total operating revenue for the first three quarters of 2022 was CNY 592,247,342.37, a decrease of 19.7% compared to CNY 737,801,641.17 in the same period of 2021[22] - Net profit for the first three quarters of 2022 was CNY 25,244,593.94, compared to CNY 26,295,178.41 in the same period of 2021, reflecting a decrease of 4.0%[23] - Operating profit for the first three quarters of 2022 was CNY 23,522,702.01, down from CNY 26,212,660.90 in the previous year[23] - Total comprehensive income for Q3 2022 was CNY 22,542,570.13, a decrease from CNY 23,509,876.73 in Q3 2021[24] - Net profit for Q3 2022 was a loss of ¥15,487,834.00, compared to a profit of ¥16,161,499.73 in Q3 2021, indicating a significant downturn[30] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥1,981,959,160.58, a slight increase of 0.04% from the end of the previous year[5] - The company reported a decrease of 9.04% in equity attributable to shareholders compared to the end of the previous year, totaling ¥842,045,368.62[5] - Total liabilities as of the end of the third quarter of 2022 were CNY 1,121,707,939.57, an increase from CNY 1,039,136,268.94 in the previous year[19] - The company's equity attributable to shareholders was CNY 842,045,368.62, down from CNY 925,709,410.27 in the same period of 2021[19] - The company's total equity decreased to ¥972,004,684.33 from ¥1,090,974,288.17, a decline of about 10.8%[29] - The company’s total liabilities increased to CNY 1,064,552,424.04 as of September 30, 2022, compared to CNY 994,083,451.66 at the end of 2021, reflecting a growth of 7.1%[27] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥32,935,127.68, a decrease of 58.27% compared to the same period last year[4] - Net cash flow from operating activities for the first three quarters of 2022 was CNY 32,935,127.68, down 58.3% from CNY 78,928,178.12 in the same period of 2021[26] - Cash inflow from operating activities totaled CNY 739,117,800.29, compared to CNY 689,476,146.53 in the previous year, reflecting a 7.2% increase[26] - Total cash and cash equivalents at the end of Q3 2022 were CNY 456,312,361.11, compared to CNY 349,665,464.31 at the end of Q3 2021, indicating a 30.5% increase[26] - The company reported a financial expense of CNY -25,555,387.84 for the first three quarters of 2022, compared to CNY 4,688,877.88 in the same period of 2021, indicating a significant change in financial performance[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,014[10] - The top 10 shareholders hold a total of 105,000,000 shares, accounting for approximately 35.12% of the total shares[10] - The top shareholder, Yeli Ming, holds 37,095,000 shares, representing 12.42% of the total shares, with a pledge of 30,000,000 shares[10] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 32,633,498.17, slightly down from CNY 34,197,829.21 in the previous year[22] - Research and development expenses for the first three quarters of 2022 were ¥10,728,560.24, down from ¥17,293,961.28 in the same period of 2021, representing a reduction of about 38%[29] Strategic Transactions - The company is in the process of acquiring 100% equity of Beijing Zhongjiao Technology Co., Ltd. through a combination of issuing shares and cash payment[12] - The major asset restructuring transaction is expected to constitute a significant asset restructuring, with the company's stock suspended since November 1, 2021[12] - The company is actively progressing with the restructuring, including ongoing audits and due diligence for the target company[16] - The company plans to issue shares to raise matching funds for the acquisition, with the pricing benchmark set at the date of the board resolution[16] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2022[33]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥402.99 million, a decrease of 18.65% compared to ¥495.38 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥17.06 million, an increase of 13.44% from ¥15.04 million in the previous year[17]. - The net cash flow from operating activities decreased significantly by 95.82%, amounting to approximately ¥2.20 million, compared to ¥52.73 million in the same period last year[17]. - The company's total assets as of June 30, 2022, were approximately ¥1.87 billion, down 5.83% from ¥1.98 billion at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 9.56%, totaling approximately ¥837.19 million compared to ¥925.71 million at the end of the previous year[17]. - The basic earnings per share for the first half of 2022 were ¥0.06, reflecting a 20.00% increase from ¥0.05 in the same period last year[17]. - Operating costs decreased by 21.10% to CNY 307.42 million, primarily due to reduced sales revenue[46]. - The company reported a net profit of 27,588,240, which is a decrease of 88,517,217 compared to the previous year[136]. - The total comprehensive income for the current period was 22,614,136, reflecting a significant increase from the previous year's 15,210,253[137]. Cash Flow and Liquidity - The company reported a significant increase in investment properties, rising by 350.90% to 2,121,482.59, attributed to an increase in factory rentals[49]. - The cash inflow from operating activities was ¥348,618,027.73, down from ¥466,706,724.82 in the first half of 2021, reflecting a decline of about 25%[129]. - The net cash flow from operating activities for the first half of 2022 was ¥62,456,640.04, a significant increase compared to ¥4,679,611.91 in the same period of 2021, reflecting a positive operational performance[132]. - The total cash and cash equivalents at the end of the period were ¥374,044,787.27, compared to ¥347,783,258.93 at the end of the previous year, indicating a stable liquidity position[133]. - The company incurred cash outflows of ¥884,391,731.42 from financing activities, slightly down from ¥897,423,891.74 in the previous year, reflecting a stable financing strategy[132]. Research and Development - The company developed 8 product technology and process development projects during the reporting period, resulting in 5 technology achievements[43]. - Research and development expenses were CNY 22.08 million, a slight decrease of 2.34% compared to the previous year[46]. - Research and development expenses for the first half of 2022 were CNY 22,084,373.92, slightly down from CNY 22,613,386.35 in the same period last year[123]. Market and Industry Conditions - The decrease in sales volume was primarily attributed to the impact of the pandemic[18]. - The RF cable industry is cyclical and closely tied to macroeconomic conditions, with potential impacts during economic downturns[33]. - The company faces significant market competition risks in the RF cable industry, with many small players and the need to maintain competitive advantages[54]. Corporate Governance and Compliance - The company guarantees strict compliance with regulations regarding the separation of its operations from those of its controlled entities, ensuring the independence of the listed company[79]. - The company will adhere to the relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China[79]. - The company has established a multi-tier governance structure, including a board of directors and various specialized committees[149]. Environmental and Social Responsibility - The company has implemented comprehensive environmental protection measures and has not faced any administrative penalties related to environmental issues during the reporting period[74]. - No commitments related to poverty alleviation or rural revitalization were applicable during the reporting period[76]. - The company has not reported any measures or effects regarding carbon emission reduction during the reporting period[77]. Financial Instruments and Accounting Policies - The company recognizes deferred tax assets related to temporary differences only if they meet the recognition criteria at the acquisition date, otherwise, they are not recognized[164]. - Financial instruments are classified into categories based on the business model and cash flow characteristics, including those measured at amortized cost and fair value[176]. - The company employs valuation techniques supported by sufficient data, prioritizing observable inputs for fair value measurement of assets and liabilities[189]. Strategic Plans and Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[138]. - The company aims to enhance its operational efficiency through strategic mergers and acquisitions in the upcoming quarters[138]. - The overall financial outlook remains cautious due to the current losses and market conditions[142].

Financial Performance - The company's operating revenue for 2021 was ¥975,183,818.74, representing a 30.44% increase compared to ¥747,630,747.87 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥10,435,918.51, a significant increase of 98.85% from ¥5,248,051.14 in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,866,509.09, recovering from a loss of ¥22,446,434.14 in 2020, marking a 135.05% improvement[22]. - The net cash flow from operating activities for 2021 was ¥76,144,977.04, up 38.30% from ¥55,056,866.41 in 2020[22]. - The total assets at the end of 2021 were ¥1,981,190,212.31, down 8.03% from ¥2,154,181,619.28 at the end of 2020[23]. - The net assets attributable to shareholders decreased by 14.60% to ¥925,709,410.27 from ¥1,083,978,244.74 at the end of 2020[23]. - Basic earnings per share reached CNY 0.04, doubling from CNY 0.02 in the previous year, with diluted earnings per share also at CNY 0.04[24]. - The weighted average return on equity decreased by 0.15 percentage points to 1.04%[24]. - The gross profit margin for RF cables decreased by 3.73 percentage points to 19.05%[63]. - The gross margin for RF cable products decreased by 4.71 percentage points compared to the previous year, and the gross margin for display devices decreased by 3.06 percentage points[64]. Strategic Initiatives - The company plans to strengthen its core business while actively expanding into new industries, including wireless products and smart warehousing[32]. - A strategic investor, Guojiao Beidou, was introduced to enhance business collaboration and improve profitability[33]. - The company aims to enhance production efficiency and profitability through the development of communication tower infrastructure projects[32]. - The company is actively expanding its market presence and has invested in new projects, including smart warehousing and 5G communication infrastructure[61]. - The company plans to acquire 100% of Zhongjiao Technology through a share issuance and cash payment, indicating a strategic move for expansion[83]. - The company plans to enhance its production scale and technology research and development in 2022, focusing on high-tech, high-value-added products such as RF cables, LNBs, and display devices[98]. - The company is exploring new strategic partnerships to enhance its competitive edge in the industry, with discussions ongoing with potential partners[121]. Research and Development - Research and development expenses increased by 46.79% to 45.98 million RMB, reflecting the company's commitment to innovation[60]. - The total R&D investment accounted for 4.71% of total revenue[73]. - The company completed 15 product technology and process development projects, achieved 4 technology transformation results, and obtained 22 utility model patents and 1 invention patent[35]. - The company has 171 R&D personnel, accounting for 11.74% of the total workforce[74]. Market and Industry Trends - The telecommunications industry in China achieved a total telecom business revenue of CNY 1.47 trillion in 2021, representing an 8.0% year-on-year growth, with a total business volume of CNY 1.7 trillion, up 27.8% year-on-year[94]. - The global wire and cable market size reached USD 335 billion in 2021, expected to grow to USD 426.8 billion by 2026, with a CAGR of 5%[93]. - The construction of 5G networks in China accelerated in 2021, with a total of 996,000 mobile communication base stations, including 142,500 5G base stations, marking a net increase of 650,000 for the year[94]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[5]. - The audit report issued by Zhonghui Certified Public Accountants confirmed the financial statements without reservations[5]. - The company held 1 annual general meeting and 3 extraordinary general meetings during the reporting period, ensuring compliance with legal requirements and protecting shareholder rights[115]. - The board of directors held 16 meetings during the reporting period, demonstrating effective governance and decision-making processes[115]. - The company has engaged in various investor relations activities to enhance transparency and investor understanding of its strategic direction and financial status[167]. Risks and Challenges - The company has described potential risk factors in its report, emphasizing the importance of investor awareness regarding investment risks[8]. - The company is exposed to risks related to fluctuations in raw material prices, particularly metals like copper and steel, which constitute a significant portion of its production costs[102]. - The company faces risks related to the non-public issuance of funds for the "communication tower infrastructure construction project," which may not achieve expected economic and social benefits if not managed properly[111]. - There is a risk that the transaction involving the issuance of shares and cash for asset purchases may be suspended, interrupted, or canceled due to various factors, including market conditions and unforeseen performance declines of the target assets[113]. Employee and Social Responsibility - The company emphasizes employee rights protection, ensuring timely and full payment of social insurance fees during the reporting period[168]. - The company actively participates in social welfare activities, receiving recognition for initiatives such as high-temperature relief and support for impoverished communities[169]. - The management prioritizes safety and environmental protection, implementing strict safety education and pollution prevention measures[168]. - The company has committed to adhering to relevant labor laws and regulations to protect employee rights[168]. Shareholder and Financial Policies - The company did not propose a cash profit distribution plan for the fiscal year 2021, despite having a positive profit available for distribution to shareholders[161]. - The total amount used for share repurchase in 2021 was RMB 29,991,068, which accounted for 287.38% of the net profit attributable to the parent company[161]. - The company has established a cash dividend policy to enhance transparency and operational feasibility in profit distribution decisions[158]. - The company will ensure that any necessary related party transactions are conducted fairly and transparently, adhering to legal and internal regulations[174].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 202,323,673.78, representing a decrease of 16.48% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 5,204,948.65, down 49.70% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 4,264,504.66, a decline of 59.94% compared to the previous year[4] - Basic earnings per share decreased by 33.33% to CNY 0.02[4] - The total comprehensive income for Q1 2022 was ¥4,594,438.80, down from ¥13,694,609.77 in Q1 2021, representing a decrease of 66.5%[21] - Net profit for Q1 2022 was ¥5,894,142.98, a decline of 60.4% from ¥14,860,689.53 in Q1 2021[20] - Operating profit for Q1 2022 was a loss of ¥6.15 million, compared to a profit of ¥6.81 million in Q1 2021, indicating a significant decline[32] - Net profit for Q1 2022 was a loss of ¥5.16 million, contrasting with a net profit of ¥6.62 million in Q1 2021, marking a year-over-year decrease of 177.9%[32] Cash Flow - The net cash flow from operating activities increased by 24.27% to CNY 23,682,241.72[4] - In Q1 2022, the cash inflow from operating activities totaled ¥234,764,014.05, an increase of 13.94% compared to ¥205,942,306.17 in Q1 2021[23] - The cash inflow from investment activities was ¥38,480,632.16, while cash outflow was ¥28,885,584.08, resulting in a net cash flow of ¥9,595,048.08, compared to a negative net cash flow of ¥7,948,956.10 in Q1 2021[24] - The company experienced a net decrease in cash and cash equivalents of ¥42,782,359.82 in Q1 2022, compared to a net decrease of ¥406,160,291.32 in Q1 2021[25] - Cash flow from operating activities for Q1 2022 was ¥47.51 million, an increase from ¥4.29 million in Q1 2021, showing improved cash generation[34] - Cash flow from investing activities for Q1 2022 was ¥34.62 million, a recovery from a negative cash flow of ¥12.23 million in Q1 2021[34] - Cash flow from financing activities for Q1 2022 resulted in a net outflow of ¥153.93 million, an improvement from a net outflow of ¥403.79 million in Q1 2021[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,905,594,085.35, a decrease of 3.82% from the end of the previous year[5] - The company's total assets as of March 31, 2022, were ¥1,754,633,317.76, down from ¥1,864,555,260.73 at the end of 2021[26] - The company's total liabilities as of Q1 2022 amounted to ¥1,043,968,690.20, slightly up from ¥1,039,136,268.94 in the previous year[17] - The total liabilities decreased to ¥753,842,103.18 from ¥773,580,972.56 at the end of 2021[27] - The owner's equity totaled ¥1,000,791,214.58, down from ¥1,090,974,288.17 at the end of 2021[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,847[9] - The largest shareholder, Ye Liming, holds 12.42% of the shares, totaling 37,095,000 shares, with 30,000,000 shares pledged[9] - Shareholders' equity attributable to the parent company was CNY 844,751,784.29, down 8.75% from the previous year-end[5] - The total equity attributable to shareholders was ¥844,751,784.29, down from ¥925,709,410.27 in Q1 2021, reflecting a decrease of 8.7%[17] Research and Development - Research and development expenses for Q1 2022 were ¥8,905,727.30, a decrease of 26.5% compared to ¥12,175,079.33 in Q1 2021[19] - Research and development expenses decreased to ¥3.26 million in Q1 2022 from ¥6.43 million in Q1 2021, reflecting a reduction in investment in innovation[31] Share Repurchase - The company repurchased a total of 6,456,800 shares, accounting for 2.16% of the total share capital, with a total expenditure of RMB 115,001,291[12] - The highest repurchase price was RMB 24.10 per share, while the lowest was RMB 11.24 per share[12] - The company adjusted its share repurchase plan, increasing the maximum repurchase price from RMB 18 to RMB 34.70 per share[11] - The company plans to continue its share repurchase program within a 12-month period from the board's approval date[11] Inventory and Receivables - The company's inventory as of March 31, 2022, was RMB 329,399,420.30, an increase from RMB 312,259,409.26 at the end of 2021, reflecting a growth of approximately 5.4%[15] - Accounts receivable decreased from RMB 224,401,372.87 to RMB 210,725,084.07, a decline of about 6.1%[15] Financial Costs - The company reported a financial cost of ¥4,592,431.21 in Q1 2022, compared to a financial income of ¥1,104,830.96 in Q1 2021[19] - Interest expenses rose to ¥5.01 million in Q1 2022 from ¥2.80 million in Q1 2021, highlighting increased borrowing costs[31]

2021 年第三季度报告 证券代码：603703 证券简称：盛洋科技 浙江盛洋科技股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 242,421,870.43 | 22.58 | 737,801,641.17 | 31.66 | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥495.38 million, representing a 36.62% increase compared to ¥362.61 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥15.04 million, a significant increase of 353.51% from ¥3.32 million in the previous year[18]. - The net cash flow from operating activities increased by 568.08% to approximately ¥52.73 million, compared to ¥7.89 million in the same period last year[18]. - Basic earnings per share for the first half of 2021 were ¥0.05, a 400% increase from ¥0.01 in the same period last year[19]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose to approximately ¥14.68 million from ¥0.50 million, an increase of 2,838.11%[18]. - Operating profit for the period was CNY 25.09 million, indicating a stable operational performance[44]. - The total comprehensive income for the first half of 2021 was ¥22,614,136.50, compared to ¥10,913,472.85 in the same period of 2020[124]. - The company reported a net profit for the first half of 2021 was ¥24,329,966.12, representing a significant increase of 140.0% from ¥10,126,335.89 in the first half of 2020[124]. Assets and Liabilities - Total assets decreased by 14.86% to approximately ¥1.83 billion from ¥2.15 billion at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.10 billion, a 1.25% increase from ¥1.08 billion at the end of the previous year[18]. - The company's total liabilities were ¥438,789,155.72, while total equity stood at ¥1,138,464,335.95 as of the end of the reporting period[121]. - Total liabilities decreased from CNY 952,457,807.56 to CNY 625,320,073.38, a decline of around 34.3%[116]. - The company's total equity at the end of the reporting period is CNY 1,138,464,335.95, compared to CNY 482,895,770.13 at the end of the previous year, indicating a significant increase[145]. Research and Development - Research and development expenses increased by 62.27% to CNY 22.61 million, reflecting the company's commitment to innovation[49]. - Research and development expenses increased to ¥22,613,386.35, up from ¥13,935,446.37, indicating a 62.5% rise in investment in innovation[123]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[130]. Market and Competition - The RF cable industry is cyclical and closely tied to macroeconomic conditions, with potential impacts during economic downturns[35]. - The company faces significant market competition risks in the RF cable industry, with many small players and potential new entrants[59]. - The company has signed agreements with several operators to mitigate market competition risks in the communication tower infrastructure sector[59]. Strategic Initiatives - The company is focusing on expanding its business into communication tower base station facilities and smart warehousing projects to enhance profitability[45]. - The company established a strategic partnership with Guojiao Beidou, diversifying its shareholder structure and enhancing market governance[46]. - The company acquired 43.84% of the minority shares in its subsidiary, increasing its ownership to 94.84%, enhancing control and profitability[47]. Cash Flow and Financing - Cash and cash equivalents decreased by 47.44% to ¥444.26 million, primarily due to loan repayments[52]. - The company’s financing activities led to a net cash outflow of ¥459.32 million in the first half of 2021, compared to a net inflow of ¥70.84 million in the same period of 2020[128]. - Cash inflow from financing activities was CNY 551,747,644.93, a decrease of 56.7% compared to CNY 1,274,201,175.66 in the first half of 2020[130]. Risk Management - The company emphasized the importance of risk awareness regarding forward-looking statements and potential investment risks[5]. - The company faces significant risks from fluctuations in raw material prices, particularly for copper and steel, which could adversely affect profitability if not managed effectively[60]. - There is a risk of declining product prices for RF cables due to increased market competition and potential shifts in demand, which could impact revenue[61]. Environmental and Governance - The company has implemented strict environmental protection measures and has not faced any administrative penalties related to environmental issues during the reporting period[81]. - The company is committed to complying with national environmental laws and regulations, ensuring that its pollution control facilities operate effectively[81]. - The company has established a multi-tier governance structure, including a board of directors and several specialized committees[147]. Shareholder and Corporate Governance - The company did not propose any profit distribution or capital reserve transfer to share capital during the reporting period[4]. - The controlling shareholder and actual controllers of the company have committed to minimizing unnecessary related party transactions during the reporting period[84]. - The company will link the compensation system of its board members to the execution of return compensation measures[86]. Accounting and Financial Reporting - The financial statements were approved for external release on August 26, 2021, by the company's board of directors[148]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[153]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[142].

Financial Performance - The company's operating revenue for Q1 2021 increased by 40% year-on-year, reaching RMB 242,233,061.76[6] - Net profit attributable to shareholders increased by 881.17% year-on-year, amounting to RMB 10,347,569.42[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses grew by 2,783.05% year-on-year, totaling RMB 10,644,075.00[6] - The net cash flow from operating activities increased by 210.57% year-on-year, reaching RMB 19,057,033.92[6] - The company experienced a significant increase in sales volume of RF cable products, contributing to the rise in net profit[6] - Operating profit for Q1 2021 was ¥15,611,121.61, compared to ¥4,897,862.88 in Q1 2020, indicating a significant increase of 218.5%[24] - Net profit for Q1 2021 was ¥16,061,308.05, up from ¥4,711,312.99 in Q1 2020, representing a growth of 240.5%[24] - The net profit for Q1 2021 was CNY 6,621,762.38, a significant increase from CNY 67,072.62 in Q1 2020, indicating a growth of approximately 9,829.5%[29] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 19,057,033.92, a turnaround from a negative cash flow of CNY -17,235,346.27 in the previous year[13] - Cash inflows from operating activities totaled CNY 205,942,306.17 in Q1 2021, compared to CNY 182,548,988.63 in Q1 2020, an increase of 12.8%[30] - Cash outflows from operating activities were CNY 186,885,272.25 in Q1 2021, down from CNY 199,784,334.90 in Q1 2020, indicating a decrease of 6.5%[30] - The company reported a total cash and cash equivalents balance of ¥423,429,763.61 at the end of Q1 2021, down from ¥829,590,054.93 at the beginning of the period[31] - The company experienced a net decrease in cash and cash equivalents of ¥406,160,291.32 in Q1 2021, compared to a decrease of ¥356,749.06 in Q1 2020[31] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,791,944,255.85, a decrease of 16.82% compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥1,506,702,929.48, a decrease from ¥1,901,626,174.76 at the end of 2020[22] - Total liabilities as of March 31, 2021, were ¥383,424,797.26, down from ¥784,969,804.92 at the end of 2020, showing a reduction of 51.1%[22] - Total equity as of March 31, 2021, was ¥1,123,278,132.22, slightly up from ¥1,116,656,369.84 at the end of 2020[22] - Total liabilities were CNY 952,457,807.56, while total equity stood at CNY 1,201,723,811.72[38] Shareholder Information - The company reported a total of 23,149 shareholders at the end of the reporting period[10] - The largest shareholder, Shaoxing Shengyang Electric Co., Ltd., held 18.97% of the shares, amounting to 56,632,598 shares[11] Research and Development - Research and development expenses increased by 79.93% to CNY 12,175,079.33, driven by an increase in R&D projects[13] - Research and development expenses for Q1 2021 were ¥12,175,079.33, significantly higher than ¥6,766,408.16 in Q1 2020, marking an increase of 80.5%[24] - Research and development expenses increased to CNY 6,428,528.33 in Q1 2021, up from CNY 1,953,908.53 in Q1 2020, marking a growth of 228.5%[28] Financial Ratios - The weighted average return on equity increased by 0.71 percentage points to 0.95%[6] - Basic and diluted earnings per share were both RMB 0.03, compared to RMB 0.00 in the same period last year[6]