证券代码：603738 证券简称：泰晶科技 公告编号：2021-040 泰晶科技股份有限公司 关于参加湖北上市公司 2021 年度 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。 重要内容提示： 召开时间：2021 年 6 月 24 日（周四）15:30-17:00 召开方式：网络方式 一、本次接待日活动类型 为加强与广大投资者的互动交流，泰晶科技股份有限公司（以下简称"公司"） 将参加由湖北证监局联合湖北省上市公司协会、深圳市全景网络有限公司举办的 湖北上市公司 2021 年度投资者网上集体接待日活动，通过网络远程的方式与广 大投资者就公司发展战略、经营状况、公司治理等投资者关注的问题进行沟通交 流。 二、接待日活动召开的时间、方式 召开时间：2021 年 6 月 24 日（周四）15:30-17:00； 召开方式：网络互动，通过"全景·路演天下"（http://rs.p5w.net）开展本 次投资者网上集体接待日活动。 三、参加人员 副总经理兼董事会秘书黄晓辉女士、财务总监喻家双先生、 ...

Financial Performance - Net profit attributable to shareholders reached CNY 38,151,034.12, a significant turnaround from a loss of CNY 9,437,340.79 in the same period last year[6] - Operating revenue surged by 245.47% to CNY 251,200,335.86 compared to CNY 72,712,729.98 in the previous year[6] - Operating profit for Q1 2021 was ¥42,814,733.00, compared to a loss of ¥9,257,899.64 in Q1 2020, indicating a turnaround in profitability[20] - Net profit for Q1 2021 amounted to ¥36,584,249.30, recovering from a net loss of ¥10,092,992.19 in the same period last year[21] - The net profit for the current period was ¥36,584,249.30, a substantial improvement from a net loss of ¥10,092,992.19 in the previous year[12] - The total comprehensive income for Q1 2021 was ¥23,175,778.64, compared to a comprehensive loss of ¥8,643,426.50 in Q1 2020[24] Cash Flow - Net cash flow from operating activities increased by 108.04% to CNY 33,534,110.20 compared to CNY 16,118,903.51 in the same period last year[6] - Cash flow from operating activities increased by 81.66% to ¥175,991,034.13, reflecting higher sales revenue[12] - Cash received from sales of goods and services was CNY 114,576,414.73, a 61.0% increase from CNY 71,091,072.89 in Q1 2020[30] - Cash outflow for investment activities totaled CNY 108,544,618.99, significantly higher than CNY 24,052,690.88 in Q1 2020[30] - Cash inflow from financing activities was CNY 84,000,000.00, compared to CNY 35,000,000.00 in Q1 2020, marking a 140.0% increase[30] Assets and Liabilities - Total assets increased by 3.69% to CNY 1,429,141,739.10 compared to the end of the previous year[6] - The company's total liabilities increased significantly, with other payables rising by 148.39% to ¥89,682,689.48, primarily due to payments owed to Taiwan Hwaqiang Crystal Technology Co., Ltd.[11] - Total liabilities rose to RMB 568,458,996.63 from RMB 480,916,838.86, marking an increase of about 18.2%[16] - The company's equity attributable to shareholders increased to RMB 849,075,629.37 from RMB 813,632,909.77, reflecting a growth of approximately 4.3%[16] - The company's total liabilities increased to ¥557,382,606.68 in Q1 2021, up from ¥433,555,830.35 in Q1 2020, reflecting a rise of approximately 28.6%[18] Shareholder Information - The total number of shareholders reached 20,113, indicating a growing interest in the company[9] - The top shareholder, Yu Xindong, holds 29.35% of the shares, with 28,540,000 shares pledged[9] Research and Development - Research and development expenses increased by 52.48% to ¥11,446,115.15, indicating a commitment to enhancing R&D investments[11] - Research and development expenses for Q1 2021 were ¥11,446,115.15, compared to ¥7,506,438.91 in Q1 2020, indicating an increase of approximately 52.5%[20] Operational Costs - Operating costs rose to ¥173,285,701.95, reflecting a 192.18% increase, driven by higher production volumes[11] - The total operating costs for Q1 2021 were ¥206,030,935.15, up from ¥77,922,381.02 in Q1 2020, reflecting a growth of about 164.5%[20] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[13] - The company has not disclosed any new product developments or market expansion strategies in this report[10]

Financial Performance - In 2020, the net profit attributable to the parent company was CNY 38,613,058.25, with retained earnings of CNY 140,788,474.41[5]. - The company's operating revenue for 2020 was CNY 630,925,077.55, an increase of 8.84% compared to 2019[25]. - Net profit attributable to shareholders increased by 239.24% to CNY 38,613,058.25 in 2020[27]. - The basic earnings per share rose to CNY 0.23, reflecting a growth of 228.57% year-on-year[26]. - The total assets at the end of 2020 reached CNY 1,378,222,891.78, a 16.59% increase from the previous year[25]. - The total net assets attributable to shareholders at the end of 2020 were CNY 813,632,909.77, a 9.29% increase from the previous year[25]. - The comprehensive gross margin for the main business was 21.25%, up from 19.41% in the previous year, reflecting improved profitability due to rising product prices and increased market demand[74]. - The gross profit margin for SMD chip products increased by 6.43 percentage points compared to the previous year[88]. - The company's cash dividends as a percentage of net profit for 2020 was 31.42%, while for 2019 it was 119.62% and for 2018 it was 39.29%[152]. Dividend Policy - The proposed cash dividend distribution is CNY 0.70 per 10 shares (including tax), with no bonus shares or capital reserve conversion[5]. - The company has a cash dividend policy that mandates a minimum cash distribution of 20% of the distributable profits if there are no major investment plans or cash expenditures[138]. - The company must complete the distribution of dividends within two months after approval from the shareholders' meeting[146]. - The board of directors must consider the company's ongoing operational capacity and funding needs before proposing profit distribution plans[145]. - Any changes to the profit distribution policy must comply with regulations and require approval from the shareholders' meeting with at least 66.67% of voting rights[147]. - The company is required to disclose reasons for not proposing a cash profit distribution plan if it is profitable[153]. - The company has established clear standards and procedures for profit distribution, ensuring the protection of minority investors' rights[150]. Operational Strategy - The company operates several wholly-owned and controlling subsidiaries, enhancing its market presence in the quartz crystal component industry[15]. - The company specializes in the research, production, and sales of crystal oscillators and frequency control devices, including KHz and MHz crystal resonators[35]. - The company adopts an order-driven production model, aligning production with customer demand and specifications[38]. - The company primarily utilizes a direct sales model, maintaining long-term strategic partnerships with clients and expanding market share through OEM and ODM services[39]. - The company has established a stable supply chain management system, ensuring sufficient raw material supply for daily production and future R&D reserves[37]. Market Position and Trends - The global crystal oscillator market is dominated by competitors from Japan, the US, Taiwan, and mainland China, with increasing demand for quartz oscillators driven by the growth of smart devices and IoT[45]. - Domestic manufacturers in mainland China are enhancing their competitive strength, achieving breakthroughs in high-end product technology and production capabilities[45]. - The company is positioned to benefit from national policies promoting the development of the new generation of information technology and the acceleration of 5G commercialization[46]. - The market share of domestic mainland manufacturers is expected to continue rising in the coming years due to improved competitiveness[46]. - The company’s products are essential for the normal operation of electronic systems, making them irreplaceable basic components in the industry[41]. Research and Development - The company emphasizes innovation and has established a robust R&D team, focusing on breakthroughs in key technologies and the development of core equipment and products[59]. - The company invested a total of 27,609,491.55 yuan in R&D, representing 4.38% of total revenue, with 168 R&D personnel making up 8.55% of the total workforce[97]. - The company has achieved significant advancements in semiconductor photolithography technology, becoming the first in China to scale this technology for industrial application[57]. - The company has developed and partially mass-produced 80MHz and 96MHz crystal oscillators in 2020, continuing to advance its quartz wafer technology[60]. - The company holds 97 patents, including 11 invention patents, and has made significant advancements in semiconductor photolithography technology and MEMS-based micro KHz crystal oscillators[75][80]. Risk Management - The company has outlined various risks faced in its production and operations, urging investors to be cautious[10]. - The company faces risks related to new customer development as it seeks to expand production capacity and optimize customer structure to capture market opportunities[123]. - The company is exposed to exchange rate risks, with 18.48% of its revenue coming from overseas sales, primarily settled in yen and USD[129]. - The company must adapt to the trend of miniaturization in the industry, which may require significant R&D investment to avoid being outpaced by competitors[121]. - The company’s profitability may be affected by changes in tax incentives and subsidies, particularly if it loses its high-tech enterprise status[127]. Corporate Governance - The company maintains a robust corporate governance structure to protect shareholder rights and ensure fair information disclosure[196]. - The company’s board and senior management have pledged to uphold shareholder rights and ensure compliance with regulatory requirements regarding profit compensation measures[158]. - The company has established a long-term incentive plan for its employees, which is linked to the execution of profit compensation measures[158]. - The company’s controlling shareholders have committed to minimizing related party transactions with the company[159]. - The company has outlined measures to ensure that no unfair benefits are provided to other entities or individuals[158]. Social Responsibility - The company provided financial support of 986.43 million RMB for poverty alleviation initiatives, helping 356 registered impoverished individuals to escape poverty[193]. - The company prioritized employment for 356 individuals from impoverished areas, ensuring job opportunities in line with local government poverty alleviation efforts[191]. - The company plans to continue funding outstanding students from impoverished backgrounds and support local poverty alleviation projects in the future[194]. - The company actively participates in social welfare activities, increasing support in terms of human, material, and financial resources for public welfare[199]. Environmental Compliance - The company has implemented an environmental protection system in compliance with national laws, conducting annual audits of its ISO 9001:2015 and ISO 14001:2015 management systems[198]. - The company has not faced any penalties for violating environmental regulations since its establishment[200]. - The company has registered its production bases for pollutant discharge management in accordance with the latest regulations[200]. - The company has a low emission rate of waste gases during production, meeting the national air pollution discharge standards[199]. - The company is not classified as a key pollutant discharge unit and does not require environmental inspections by provincial or national authorities[200].

Financial Performance - In 2020, the net profit attributable to the parent company was CNY 38,613,058.25, with retained earnings of CNY 140,788,474.41[5]. - The company's operating revenue for 2020 was CNY 630,925,077.55, an increase of 8.84% compared to 2019[25]. - Net profit attributable to shareholders increased by 239.24% to CNY 38,613,058.25 in 2020[27]. - The basic earnings per share rose to CNY 0.23, reflecting a growth of 228.57% year-on-year[26]. - The total assets at the end of 2020 reached CNY 1,378,222,891.78, a 16.59% increase from the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 22,083,391.24, a year-on-year increase of 188.49%[27]. - The company's net assets attributable to shareholders at the end of 2020 were CNY 813,632,909.77, reflecting a growth of 9.29% compared to 2019[25]. - The comprehensive gross margin for the main business was 21.25%, up from 19.41% in the previous year, reflecting a 1.84% increase[74]. - The net profit for the year was 39.83 million RMB, a significant increase of 282.29% compared to the previous year[81]. Dividend Policy - The proposed cash dividend is CNY 0.70 per 10 shares (including tax), with no bonus shares or capital reserve conversion[5]. - The company has a cash dividend policy that mandates a minimum cash distribution of 20% of the distributable profits if there are no major investment plans or cash expenditures[138]. - The company’s cash dividend distribution for 2020 represented 31.42% of the net profit attributable to ordinary shareholders[152]. - The company’s profit distribution policy prioritizes cash dividends, ensuring stable returns for investors while considering sustainable development[136]. - The company implemented a cash dividend of 0.08 CNY per share for the 2019 fiscal year, totaling 13,615,503.84 CNY distributed to shareholders[150]. Market Position and Industry Trends - The company operates in the piezoelectric crystal industry, producing essential components like quartz crystal resonators and oscillators[15]. - The global crystal oscillator market is dominated by competitors from Japan, the US, Taiwan, and mainland China, with increasing demand for quartz oscillators driven by the growth of smart devices and IoT[45]. - The company is positioned to benefit from national policies supporting the development of new-generation information technology and the acceleration of 5G commercialization[42]. - The company’s product offerings include temperature-compensated crystal oscillators (TCXO) and high-frequency crystal resonators, catering to emerging applications in 5G and IoT[36]. - The company anticipates an increase in market share among domestic manufacturers as competition strengthens and the trend of domestic substitution accelerates[46]. Research and Development - The company emphasizes independent research and development, having established a robust R&D team that has made key technological breakthroughs in quartz crystal resonator production[59]. - The company has achieved significant advancements in semiconductor photolithography technology, becoming the first in China to scale and industrialize this process[57]. - The company invested a total of 27,609,491.55 yuan in R&D, representing 4.38% of total revenue, with 168 R&D personnel making up 8.55% of the total workforce[97]. - The company has developed and partially mass-produced 80MHz and 96MHz crystal oscillators in 2020, enhancing its product offerings in the semiconductor sector[60]. - The company is committed to developing high-precision microchip products using advanced technologies to capture opportunities in emerging industries like IoT and 5G[118]. Operational Efficiency - The company has established a stable supply chain management system, ensuring sufficient raw material supply for production and future R&D reserves[37]. - The company adopts an order-driven production model, aligning production with customer demand and specifications[38]. - The company has successfully integrated various management systems, including MES and PLM, to enhance its operational efficiency and support smart manufacturing initiatives[68]. - The company has implemented advanced manufacturing processes, achieving a product yield rate of over 95% for its micro SMD high-frequency crystal products[62]. - The company plans to enhance internal cost control and diversify its product offerings to improve market penetration and customer retention[117]. Risk Management - The company has a comprehensive risk disclosure in the report, detailing various operational risks[10]. - The company faces risks related to new customer development as it seeks to expand production capacity and optimize customer structure[123]. - The company is exposed to exchange rate risks, with 18.48% of its revenue coming from overseas sales, primarily settled in yen and USD[129]. - The company faces risks from intensified industry competition, which could affect its ability to fully utilize new production capacity if market conditions worsen[130]. - The company emphasizes continuous R&D investment to adapt to the rapid technological advancements in downstream applications, which is crucial for maintaining competitive advantage[121]. Corporate Governance - The company maintains a robust corporate governance structure to protect shareholder rights and ensure fair information disclosure[196]. - The board of directors and management confirm the accuracy and completeness of the annual report, assuming legal responsibility for any misrepresentation[11]. - The company has established a stock incentive plan that ties executive compensation to the execution of profit compensation measures[159]. - The company has outlined measures to mitigate and regulate related party transactions to ensure compliance and transparency[158]. - The company’s controlling shareholders pledge not to interfere with management activities or infringe on company interests[172]. Social Responsibility - The company provided financial support of 986.43 million RMB for poverty alleviation initiatives, helping 356 registered impoverished individuals to escape poverty[193]. - The company prioritized employment for 356 individuals from impoverished areas, ensuring job opportunities in line with local government poverty alleviation efforts[191]. - The company plans to continue funding outstanding students from impoverished backgrounds and support local poverty alleviation projects in the future[194].

Financial Performance - Net profit attributable to shareholders increased by 83.18% to CNY 11,084,633.80 year-on-year[6] - Operating income rose by 4.16% to CNY 436,220,522.71 for the year-to-date period[6] - Basic earnings per share increased by 75.00% to CNY 0.07[6] - Diluted earnings per share increased by 133.33% to CNY 0.07[6] - Net profit for the first three quarters increased by 46.34% to ¥10,319,978.82 from ¥7,051,836.75, driven by increased revenue and gross margin[12] - Other income increased by 77.50% to ¥5,862,591.88 from ¥3,302,810.61, mainly due to an increase in government subsidies recognized during the reporting period[12] - Total operating revenue for Q3 2020 reached ¥192.74 million, a 18.6% increase from ¥162.49 million in Q3 2019[23] - The company reported a total profit of ¥7.50 million for Q3 2020, an increase from ¥6.10 million in Q3 2019[24] - The company’s total profit for the first three quarters of 2020 was ¥15.17 million, compared to ¥14.23 million in the same period of 2019[24] Assets and Liabilities - Total assets increased by 5.07% to CNY 1,242,094,512.80 compared to the end of the previous year[6] - Total liabilities increased to CNY 372.93 million in Q3 2020, up from CNY 351.25 million in Q3 2019, representing a growth of 4.76%[17] - Current liabilities totaled CNY 326.66 million in Q3 2020, compared to CNY 253.19 million in Q3 2019, marking a significant increase of 28.94%[17] - The company’s total assets were reported at ¥932,324,669.54, reflecting a stable asset base amidst market fluctuations[39] - Total current liabilities amounted to ¥253,189,548.09, with short-term borrowings at ¥120,000,000.00 and accounts payable at ¥98,809,702.15[35] - Total non-current liabilities reached ¥98,061,364.27, including bonds payable of ¥50,757,074.21 and deferred income of ¥47,304,290.06[35] Cash Flow - Net cash flow from operating activities decreased by 54.38% to CNY 63,030,680.36 compared to the same period last year[6] - The company's cash flow from operating activities for the first three quarters of 2020 was RMB 63,030,680.36, a decrease from RMB 138,167,824.39 in the same period of 2019[29] - The cash inflow from operating activities in Q3 2020 was RMB 474,002,944.51, compared to RMB 501,024,956.55 in Q3 2019[29] - The company experienced a net decrease in cash and cash equivalents of ¥6,099,008.20, contrasting with an increase of ¥41,028,042.48 in the previous year[32] - Cash inflow from financing activities amounted to ¥169,000,000.00, an increase of 109.9% compared to ¥80,000,000.00 in the same period of 2019[32] Shareholder Information - Total number of shareholders reached 24,109 at the end of the reporting period[9] - The largest shareholder, Yu Xindong, holds 31.68% of the shares, with 53,912,310 shares pledged[9] Changes in Assets - Accounts receivable decreased by 35.81% to ¥2,663,289.82 from ¥4,148,840.45 due to increased endorsement transfers of commercial acceptance bills during the reporting period[11] - Financing receivables decreased by 52.57% to ¥5,354,700.56 from ¥11,289,474.31, primarily due to increased endorsement transfers of bank acceptance bills[11] - Prepayments increased by 159.84% to ¥10,873,407.72 from ¥4,184,602.31, mainly due to an increase in advance payments for materials[11] - Other current assets increased by 70.66% to ¥17,896,260.95 from ¥10,486,331.37, attributed to an increase in prepaid and deductible taxes[11] - Construction in progress increased by 150.24% to ¥35,045,198.04 from ¥14,004,513.45, primarily due to increased investments in equipment and buildings[11] - Other non-current assets increased by 302.19% to ¥68,781,527.75 from ¥17,101,588.59, mainly due to increased prepayments for project and equipment[11] Revenue Recognition Standards - The company adopted the new revenue recognition standards effective January 1, 2020, impacting the financial statements without adjusting prior periods[36] - The implementation of the new revenue standard required adjustments to the beginning retained earnings and other related financial statement items for the year[40] - The company will not adjust comparative period information due to the cumulative impact of the new revenue standard[40]

证券代码：603738 证券简称：泰晶科技 公告编号：2020-076 泰晶科技股份有限公司 关于参加湖北辖区上市公司 2020 年度 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。 重要内容提示： 召开时间：2020 年 8 月 26 日（周三）14:57-16:27 召开方式：网络方式 一、本次接待日活动类型 为方便投资者更全面深入了解泰晶科技股份有限公司（以下简称"公司"） 2019 年年度业绩、公司治理、生产经营等情况，加强与广大投资者的沟通联系， 公司将参加由湖北证监局、湖北省上市公司协会与深圳市全景网络有限公司联合 举办的湖北辖区上市公司 2020 年度投资者网上集体接待日活动。公司将通过网 络在线交流的方式，围绕公司 2019 年年度业绩、公司治理、发展战略、经营状 况、可持续发展等投资者所关心的问题与投资者进行沟通交流。 二、接待日活动召开的时间、方式 召开时间：2020 年 8 月 26 日（周三）14:57-16:27； 召开方式：网络互动，通过"全景·路演天下"（ht ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with a total revenue of RMB 200 million, representing a year-on-year growth of 25%[14]. - The net profit for the first half of 2020 reached RMB 50 million, an increase of 30% compared to the same period last year[14]. - The company's operating revenue for the first half of 2020 was CNY 243,484,404.81, a decrease of 5.00% compared to the same period last year[22]. - Net profit attributable to shareholders increased by 21.31% year-on-year, reaching CNY 5,230,634.40, primarily due to increased revenue from the M series products and reduced expenses[23]. - The net cash flow from operating activities decreased by 74.08% to CNY 18,456,809.53, mainly due to increased cash payments for materials related to the expansion of the M series[23]. - Basic earnings per share remained unchanged at CNY 0.03, while the diluted earnings per share also stayed at CNY 0.03[23]. - The total assets at the end of the reporting period were CNY 1,229,777,621.73, reflecting a growth of 4.03% compared to the end of the previous year[22]. - The net assets attributable to shareholders increased by 4.50% to CNY 777,948,948.62[22]. - The company reported a 100% increase in basic earnings per share after deducting non-recurring gains and losses, reaching CNY 0.02[24]. - The company achieved a revenue of 580 million yuan in 2019, with a global market share of approximately 3.9% in crystal resonators[39]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2021[14]. - Future guidance suggests a projected revenue growth of 20% for the second half of 2020, driven by increased demand in the electronics sector[14]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth strategies[14]. - The company is focused on market expansion and has adapted its product offerings to meet the growing demand for domestic crystal oscillators in various applications, including 5G and IoT[63]. - The company is positioned to benefit from the increasing procurement demand in the electronic information product manufacturing sector in mainland China[37]. Research and Development - The company has allocated RMB 10 million for research and development in new technologies for the upcoming fiscal year[14]. - The company continues to focus on the research and development of crystal oscillators and related frequency control devices, with no changes in its main business operations[30]. - The company has developed key technologies for miniaturized crystal resonators, including the K1610 tuning fork crystal, making it one of the few manufacturers capable of large-scale production in mainland China[41]. - The company is leveraging semiconductor photolithography technology to enhance its production capabilities and meet the growing demand for miniaturized components[40]. - The company has established a dedicated R&D production line to respond quickly to mainstream communication manufacturers' requests for development and small-batch trial production[33]. Operational Efficiency and Quality Control - The company has established a stable global supply chain and integrated management systems for procurement, production, and sales[32][33]. - The company has implemented a comprehensive quality assurance system, achieving certifications such as ISO45001:2018 for occupational health and safety management[65]. - The production efficiency has significantly improved due to the automation of traditional crystal products, with a yield rate exceeding 95% for micro SMD high-frequency crystal products[61]. - The company has strengthened its internal control and management systems, optimizing processes to enhance efficiency and reduce costs[76]. Risks and Challenges - The board has emphasized the importance of risk management, particularly in supply chain disruptions due to global events[14]. - The company faces risks related to technology development, product quality, and new customer acquisition due to rapid market changes[88][89][91]. - The company is exposed to exchange rate risks, particularly with a high proportion of exports and imports denominated in JPY and USD[96]. - The ongoing impact of the COVID-19 pandemic introduces uncertainties in domestic and international economic operations[99]. Corporate Governance and Shareholder Relations - The company has committed to avoiding competition with its controlling shareholders and related parties during the shareholding period[104]. - The company will take measures to protect shareholder interests and prevent dilution of immediate returns due to convertible bond issuance[111]. - The company's board and senior management will ensure compliance with regulations and protect the interests of all shareholders[107]. - The company has held two shareholder meetings during the reporting period, with resolutions published on designated information disclosure platforms[102]. Social Responsibility and Environmental Compliance - The company employed 181 individuals from impoverished areas, including ethnic minorities, as part of its poverty alleviation efforts[121]. - A total of RMB 3.45 million was allocated for poverty alleviation initiatives, with an additional RMB 6,000 in material support[123]. - The company has not faced any penalties for environmental violations since its establishment, adhering to relevant environmental regulations[136]. - The company has implemented a robust environmental protection system and conducts annual ISO 14001:2015 audits[136]. Financial Position and Capital Structure - As of June 30, 2020, the company's asset-liability ratio stood at 29.69%, indicating a stable financial position[133]. - The total equity attributable to shareholders increased to CNY 777,948,948.62 from CNY 744,438,316.81, marking a growth of approximately 4.52%[157]. - The total liabilities reached CNY 365,077,222.06, compared to CNY 351,250,912.36 at the end of 2019[157]. - The company’s registered capital remains at 5,000.00 million CNY after the last capital increase, indicating stability in capital structure[185].

Financial Performance - Operating revenue fell by 45.18% to CNY 72,712,729.98 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 9,437,340.79, compared to a loss of CNY 1,183,777.75 in the same period last year[5] - Net profit for Q1 2020 was a loss of CNY 10,092,992.19, compared to a loss of CNY 1,409,675.98 in Q1 2019, highlighting a significant decline in income[14] - The company's operating profit for Q1 2020 was -¥9,257,899.64, compared to -¥1,523,215.16 in Q1 2019[24] - The net profit for Q1 2020 was a loss of ¥8,643,426.50, compared to a profit of ¥1,463,641.42 in Q1 2019, indicating a significant decline[28] - The total profit (loss) for Q1 2020 was a loss of ¥9,232,631.10, compared to a profit of ¥976,193.95 in Q1 2019[28] Assets and Liabilities - Total assets decreased by 1.01% to CNY 1,170,235,348.02 compared to the end of the previous year[5] - Total liabilities decreased to CNY 323,576,075.60 from CNY 351,250,912.36, a reduction of approximately 7.87%[19] - Non-current liabilities decreased to CNY 71,861,806.98 from CNY 98,061,364.27, indicating a decline of about 26.67%[19] - Shareholders' equity increased to CNY 846,659,272.42 from CNY 830,885,367.94, reflecting an increase of approximately 1.93%[19] - Current assets totaled CNY 539,359,854.74, down from CNY 562,838,621.36, indicating a decrease of about 4.18%[18] Cash Flow - Net cash flow from operating activities decreased by 33.23% to CNY 16,118,903.51[5] - Cash received from sales decreased by 29.19% to CNY 96,881,407.67 from CNY 136,825,516.59, indicating a drop in operational cash flow[14] - The net cash flow from operating activities for Q1 2020 was ¥16,118,903.51, down 33.3% from ¥24,139,432.27 in Q1 2019[30] - The company reported a net cash flow from investing activities of -CNY 24,052,690.88, worsening from -CNY 9,974,415.48 in Q1 2019[32] - Cash inflow from financing activities was CNY 35,000,000, with a net cash flow of CNY 4,601,044.57, compared to -CNY 32,025,189.14 in Q1 2019[32] Shareholder Information - The total number of shareholders was 32,679 at the end of the reporting period[10] - The largest shareholder, Yu Xindong, holds 36.95% of the shares, with 62,422,000 shares pledged[10] Research and Development - R&D expenses increased by 42.22% to CNY 7,506,438.91 in Q1 2020 from CNY 5,278,082.56 in Q4 2019, indicating a commitment to innovation[13] - Research and development expenses for Q1 2020 were ¥7,506,438.91, an increase of 42.3% from ¥5,278,082.56 in Q1 2019[24] Other Financial Metrics - The weighted average return on equity decreased by 0.96 percentage points to -1.15%[5] - Basic earnings per share were -CNY 0.0563, compared to -CNY 0.0075 in the previous year[5] - Financial expenses dropped by 84.98% to CNY 655,937.88 from CNY 4,367,029.65, attributed to increased exchange gains and reduced convertible bond interest[13] - The company reported a significant increase in credit impairment losses, amounting to CNY -2,824,799.73, compared to CNY -491,205.59 in the previous year[14]

Financial Performance - In 2019, the net profit attributable to the parent company was CNY 11,382,315.71, with retained earnings of CNY 136,026,806.56[5] - The company's operating revenue for 2019 was CNY 579,689,504.59, a decrease of 5.17% compared to CNY 611,299,588.85 in 2018[23] - The net profit attributable to shareholders for 2019 was CNY 11,382,315.71, down 68.69% from CNY 36,358,746.47 in 2018[23] - The basic earnings per share for 2019 was CNY 0.07, a decline of 69.57% compared to CNY 0.23 in 2018[24] - The net profit after deducting non-recurring gains and losses for 2019 was CNY 7,654,766.89, a decrease of 77.32% from CNY 33,748,138.25 in 2018[23] - The comprehensive gross margin for the main business was 19.41%, a decrease of 6.03% from 25.44% in the previous year, due to intensified price competition and low demand in the downstream market[74] - The company's total assets at the end of 2019 were CNY 1,182,136,280.30, a decrease of 1.18% from CNY 1,196,196,610.13 at the end of 2018[23] - The weighted average return on equity for 2019 was 1.71%, down 4.09 percentage points from 5.80% in 2018[24] - The company's net assets attributable to shareholders increased by 16.90% to CNY 744,438,316.81 at the end of 2019, compared to CNY 636,831,084.47 at the end of 2018[23] Dividend Policy - The proposed cash dividend distribution is CNY 0.8 per 10 shares (including tax), with no bonus shares or capital reserve conversion[5] - The company has established a cash dividend policy, ensuring that cash dividends will not be less than 20% of the distributable profit for the year[144] - In mature stages without major capital expenditures, the cash dividend proportion should reach at least 80% of the profit distribution[144] - The company’s cash dividend payout ratio for 2018 was 39.29% of the net profit attributable to ordinary shareholders[152] - The company’s cash dividend payout ratio for 2019 is projected to be 117.45% of the net profit attributable to ordinary shareholders[152] - The company’s profit distribution policy requires a two-thirds majority approval from shareholders present at the general meeting for any modifications[148] Risks and Challenges - The company emphasizes that future plans and strategies mentioned in the report do not constitute actual commitments to investors, highlighting potential risks[6] - The company has detailed various risks faced during production and operations in the report, urging investors to be cautious[7] - The company faces risks related to technology development, product quality, and new customer acquisition, which could impact its competitive position and profitability[125][126][127] - The average selling price of the company's products has shown a downward trend, consistent with the overall industry trend, which may impact gross margins if costs are not effectively managed[135] - The company faces risks from changes in tax incentives and subsidies, particularly if it loses its high-tech enterprise status, which could lead to tax rate changes[130] - The impact of the COVID-19 pandemic has posed significant challenges to the company's operations and overall efficiency, leading to delays in production and increased costs[137] Market Position and Strategy - The company operates several wholly-owned and controlling subsidiaries, enhancing its market presence in the piezoelectric crystal industry[11] - The company achieved a sales revenue of 580 million RMB, approximately 83 million USD, in 2019, with a global market share of about 2.66%[39] - The company focuses on MHz and KHz products, which account for nearly 90% of its market, and has made significant progress in KHz and temperature-compensated small crystal resonators[41] - The company is the only domestic enterprise to achieve the industrialization of semiconductor photolithography technology in crystal technology applications[41] - The company aims to become a leading domestic and internationally recognized crystal oscillator product R&D enterprise, focusing on high-end products, large-scale industry, professional teams, and diversified capital[113] - The company plans to strengthen existing customer relationships and expand into emerging markets, enhancing sales support and channel management[114] Research and Development - The company invested 21.58 million yuan in R&D, accounting for 3.72% of operating revenue, and held 104 patents by the end of 2019[76] - The company has accumulated 104 patents, including 9 invention patents, enhancing its competitive edge in the industry[63] - The company has developed a series of proprietary equipment through technological innovation, significantly improving production efficiency and achieving large-scale production of small-sized products[58] - The company has made progress in the development of small-sized thermosensitive crystals with frequencies above 52MHz, achieving small batch production capabilities[97] - The company will leverage advanced technologies such as laser technology and MEMS to develop high-precision, high-reliability miniature products, targeting emerging industries like IoT and 5G[117] Corporate Governance and Compliance - The company maintains a commitment to the accuracy and completeness of its financial reports, as stated by its board of directors and management[4] - The company has established a sound corporate governance structure to protect shareholder rights and ensure fair information disclosure[199] - The company has implemented a comprehensive quality assurance system, achieving certifications such as ISO9001, ISO14001, and IATF16949[68] - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[183] - The company has committed to not unfairly transferring benefits to other entities or individuals, protecting the interests of public investors[175] Social Responsibility - The company provided financial support of 682.25 million RMB for poverty alleviation initiatives, helping 216 registered impoverished individuals to escape poverty[196] - The company has committed to funding educational activities, contributing 20.25 million RMB to support outstanding impoverished students[196] - The company has established employment opportunities for over 200 individuals from impoverished areas and minority groups[193] - The company actively participates in local ecological poverty alleviation efforts, contributing to environmental protection[193] Production and Operations - The company adopts an order-driven production model, aligning production with customer demand and product specifications[34] - The company has established a stable supply chain and procurement control process, ensuring sufficient raw material supply for daily production[33] - The production volume in 2019 was 2.681 billion units, a decrease of 3.54% compared to the previous year, influenced by the downstream market[43] - The company has reached trial production requirements for new materials in TF3215 crystal development, aiming to lower material costs[97] - The company completed a technical upgrade of the TF welding line, reducing labor costs[98]

Financial Performance - Revenue for the year-to-date was CNY 418,796,940.97, down 10.39% from CNY 467,379,229.98 in the same period last year[7] - Net profit attributable to shareholders decreased by 85.40% to CNY 6,051,140.94 compared to CNY 41,443,124.50 in the previous year[7] - Basic earnings per share fell by 84.62% to CNY 0.04, while diluted earnings per share decreased by 88.46% to CNY 0.03[7] - Net profit for Q3 2019 decreased by 85.50% to ¥7,051,836.75 from ¥48,632,787.46 in Q3 2018, mainly due to a decline in revenue[12] - Operating profit fell by 75.34% to ¥13,846,835.25 compared to ¥56,162,278.22 in the same period last year, attributed to decreased income[12] - Total revenue for Q3 2019 saw a significant decline, leading to a 77.19% drop in total profit to ¥14,226,683.36 from ¥62,372,730.67[12] - The net profit for the first three quarters of 2019 was $7.05 million, compared to $48.63 million in the same period of 2018, a decrease of 85.49%[24] - Total profit for Q3 2019 was $6.10 million, a decrease of 68.45% from $19.36 million in Q3 2018[23] Cash Flow - Operating cash flow for the year-to-date reached CNY 138,167,824.39, a significant increase of 414.81% compared to the same period last year[7] - The company reported a 414.81% increase in net cash flow from operating activities, reaching ¥138,167,824.39, driven by increased customer payments and government subsidies[12] - The company's cash flow from operating activities for the first three quarters of 2019 was CNY 138,167,824.39, significantly up from CNY 26,838,498.16 in the same period of 2018[30] - The company's net cash flow for the first three quarters of 2019 was CNY 41,028,042.48, a recovery from a negative cash flow of -CNY 196,889,889.10 in the same period of 2018[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,189,116,723.04, a decrease of 0.59% compared to the end of the previous year[7] - Current liabilities totaled CNY 269,935,482.72, a decrease of 6.1% from CNY 287,446,706.10 in the previous period[17] - Non-current liabilities amounted to CNY 95,621,687.66, down 46.1% from CNY 177,675,316.49 year-over-year[17] - Total liabilities decreased to CNY 365,557,170.38, a reduction of 21.5% compared to CNY 465,122,022.59[17] - Total equity increased to CNY 823,559,552.66, up 12.6% from CNY 731,074,587.54[17] - Total assets reached CNY 1,189,116,723.04, slightly down from CNY 1,196,196,610.13[18] - Total liabilities amounted to CNY 465,122,022.59, with current liabilities at CNY 287,446,706.10 and non-current liabilities at CNY 177,675,316.49[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,379[9] - The top shareholder, Yu Xindong, holds 40.45% of the shares, with 67,592,000 shares pledged[9] Research and Development - Research and development expenses for Q3 2019 were $6.46 million, an increase of 17.43% compared to $5.50 million in Q3 2018[23] - Research and development expenses in Q3 2019 were CNY 3,407,444.26, an increase of 19.6% compared to CNY 2,847,259.69 in Q3 2018[26] Strategic Focus - The company aims to enhance its market expansion and product development strategies moving forward, focusing on innovation and efficiency improvements[28]