Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2019, representing a year-on-year increase of 15%[19]. - The gross profit margin for the first half of 2019 was 35%, compared to 30% in the same period last year, indicating improved profitability[19]. - The company's operating revenue for the first half of the year was ¥256.31 million, a decrease of 21.96% compared to the same period last year[20]. - The net profit attributable to shareholders was ¥4.31 million, down 84.01% year-over-year[20]. - The net profit after deducting non-recurring gains and losses was ¥2.43 million, a decline of 90.47% compared to the previous year[20]. - Basic and diluted earnings per share were both ¥0.03, representing an 82.35% decrease from the same period last year[21]. - The weighted average return on equity decreased by 3.54 percentage points to 0.67%[21]. - The company's total assets at the end of the reporting period were ¥1,151.80 million, a decrease of 3.71% from the end of the previous year[20]. - The net assets attributable to shareholders increased by 5.89% to ¥674.37 million compared to the end of the previous year[20]. - The company anticipates a revenue growth of 10% for the full year 2019, driven by new product launches and market expansion efforts[19]. Research and Development - Research and development expenses increased by 25% year-on-year, reflecting the company's commitment to innovation and new product development[19]. - The company has developed key technologies for high-frequency SMD micro-products, becoming one of the few global manufacturers capable of producing such products[46]. - The yield rate for the micro SMD high-frequency crystal resonators reached over 95%, showcasing its cost advantages[51]. - The company holds 98 patents as of June 30, 2019, including 8 invention patents, reflecting its strong R&D capabilities[49]. - Research and development expenses amounted to 11.45 million yuan, representing 4.47% of operating revenue, with a year-on-year increase of 35.55%[61]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in sales from this region by the end of 2020[19]. - The company continues to focus on the research, production, and sales of quartz crystal resonators, with no changes in its main business[27]. - The company has implemented a direct sales model and is expanding its market share through strategic partnerships and new sales channels[30]. - The company aims to leverage its capital advantages to explore emerging fields and ensure sustainable development[58]. - The company is focused on expanding its international market presence and increasing the sales and proportion of export products[112]. Operational Efficiency - The company has significantly improved production efficiency through the application of fully automated laser frequency adjustment technology and proprietary photolithography processes[45]. - The company has identified potential risks in production and operational processes, which are detailed in the risk section of the report[5]. - The company has established a stable customer network, entering the supply chain of major domestic electronic product manufacturers[52]. Financial Integrity and Governance - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[5]. - The board of directors has approved a profit distribution plan, although no specific dividends were declared for this period[4]. - The company has committed to avoiding competition with its controlling shareholders and related parties during the investment period[91]. - The company will strengthen internal controls and management efficiency while ensuring the protection of shareholder rights and interests, particularly for minority shareholders[113]. Risks and Challenges - The company has identified potential risks in production and operational processes, which are detailed in the risk section of the report[5]. - The company faces risks related to technological research and development, particularly in adapting to the miniaturization trends in downstream products[74]. - The company is at risk of losing its high-tech enterprise status, which could lead to an increase in the corporate income tax rate from 15% to a higher rate if it fails to pass the re-evaluation[79]. - The company faces potential risks from exchange rate fluctuations, particularly due to its high export ratio and reliance on foreign currency for raw material purchases[83]. - The global economy has faced increasing risks and difficulties since 2018, particularly due to intensified US-China trade tensions, leading to uncertainties in the macroeconomic environment[86]. Social Responsibility - The company has recruited 180 employees from impoverished areas as part of its poverty alleviation efforts[129]. - A total of RMB 203.80 million has been allocated for poverty alleviation initiatives[129]. - The company has provided RMB 40,000 in assistance for housing renovations and pond reinforcement for impoverished households[127]. - The company plans to continue funding outstanding students from impoverished backgrounds and prioritize employment for impoverished groups[131]. Shareholder and Capital Management - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[90]. - The company plans to propose a profit distribution or capital reserve increase plan to stabilize its stock price if necessary[95]. - The company may repurchase shares using its own funds if the stock price remains below the net asset value per share after implementing the profit distribution or capital reserve increase plan[99]. - The amount allocated for share repurchase will not exceed 20% of the previous fiscal year's net profit attributable to the parent company[99]. - The controlling shareholder will propose a plan to increase company shares within 5 trading days if the stock price remains below the audited net asset value per share for 10 consecutive trading days after implementing stock buyback measures[100]. Environmental Compliance - The company has not faced any penalties for environmental violations since its establishment and complies with all relevant environmental regulations[143]. - The company has achieved ISO14001:2015 environmental management certification and maintains a robust environmental protection system[143]. Corporate Changes - The company changed its name from "Hubei Taijing Electronic Technology Co., Ltd." to "Taijing Technology Co., Ltd." in May 2019[197]. - The company has undergone a name change from "Hubei Taijing Electronic Technology Co., Ltd." to "Taijing Technology Co., Ltd." to reflect its new corporate identity[188].

证券代码：603738 债券代码：113503 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。 证券简称：泰晶科技 债券简称：泰晶转债 公告编号： 2019-030 泰晶科技股份有限公司 关于参加湖北辖区上市公司 2019 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 __ 重要内容提示： 召开时间：2019 年 6 月 13 日（周四）13:30-17:00； 召开地点：湖北省武汉市； 召开方式：网络互动，深圳市全景网络有限公司提供的投资者关系互动 平台（http://rs.p5w.net）。 一、本次接待日活动类型 泰晶科技股份有限公司（以下简称"公司"）已于 2019 年 4 月 12 日在《上 海证券报》、《中国证券报》、《证券时报》、《证券日报》以及上海证券交易 所网站披露2018年年度报告。为方便投资者更全面深入了解公司2018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及深圳市全景网络有限公司联合举办的"湖北辖区 上市公司 2019 年度投资者网上集 ...

Financial Performance - Net profit attributable to shareholders was CNY -1,183,777.75, representing a decline of 109.36% year-on-year[6]. - Operating revenue for the period was CNY 132,643,835.16, down 5.57% from the same period last year[6]. - Basic earnings per share were CNY -0.0075, a decline of 109.42% year-on-year[6]. - Operating profit decreased by 108.04% to -¥1,523,215.16, attributed to a decline in revenue and gross profit[14]. - Net profit fell by 109.25% to -¥1,409,675.98, mainly due to a decrease in revenue and gross profit[14]. - Total operating revenue for Q1 2019 was ¥132.64 million, a decrease of 5.9% compared to ¥140.47 million in Q1 2018[24]. - Operating profit for Q1 2019 was a loss of ¥1.52 million, compared to a profit of ¥18.95 million in Q1 2018[24]. - Net profit for Q1 2019 was a loss of ¥1.41 million, down from a profit of ¥15.23 million in Q1 2018[25]. - The total profit for Q1 2019 was a loss of ¥1.39 million, compared to a profit of ¥19.18 million in Q1 2018[24]. - The company’s total comprehensive income for Q1 2019 was a loss of ¥1.41 million, compared to a profit of ¥15.23 million in Q1 2018[25]. Cash Flow - The net cash flow from operating activities was CNY 24,139,432.27, an increase of 239.92% compared to the previous year[6]. - The company reported a significant increase in cash flow from operating activities, indicating improved operational efficiency despite a decline in net profit[6]. - Cash flow from operating activities improved by 239.92% to ¥24,139,432.27, driven by increased sales collections and reduced purchase expenditures[15]. - The net cash flow from operating activities was ¥39,367,638.83, a recovery from a negative cash flow of ¥108,094,566.32 in Q1 2018[33]. - The cash outflow for purchasing goods and services was reduced to ¥23,578,587.42 from ¥51,830,271.20, marking a decrease of 54.5%[33]. - The total cash outflow from operating activities decreased to ¥117,601,701.83 from ¥146,422,741.06, reflecting a reduction of approximately 19.6%[30]. - The cash flow from investing activities showed a net outflow of ¥18,465,671.04, compared to a larger outflow of ¥126,405,210.06 in Q1 2018, indicating a decrease of 85.3%[31]. - Cash inflow from financing activities was recorded at ¥31,950,000.00, while cash outflow totaled ¥33,080,147.47, resulting in a net cash flow of -¥1,130,147.47[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,185,559,879.05, a decrease of 0.89% compared to the end of the previous year[6]. - Total current liabilities amounted to CNY 281,357,123.84, a decrease from CNY 287,446,706.10 in the previous period, reflecting a reduction of approximately 0.38%[18]. - Total non-current liabilities increased slightly to CNY 179,846,811.16 from CNY 177,675,316.49, representing an increase of about 1.31%[18]. - Total liabilities reached CNY 461,203,935.00, down from CNY 465,122,022.59, indicating a decrease of approximately 0.20%[18]. - Total assets decreased from ¥1,196,196,610.13 to ¥1,185,559,879.05, reflecting a slight decline in both current and non-current assets[17]. - Total current assets decreased by 6,337,376.49 to 539,354,209.19 as of December 31, 2018[35]. - Total non-current assets increased by 1,023,088.62 to 656,842,400.94, primarily due to deferred tax assets[35]. - Total liabilities remained unchanged at 465,122,022.59, with current liabilities totaling 287,446,706.10[36]. - The total liabilities and equity combined were CNY 1,185,559,879.05, down from CNY 1,196,196,610.13, indicating a decrease of about 0.88%[18]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,541[11]. - The largest shareholder, Yu Xindong, held 42.58% of the shares, with 67,592,000 shares pledged[11]. - Total equity attributable to shareholders decreased to CNY 630,558,178.54 from CNY 636,831,084.47, a decrease of about 0.43%[18]. - The company's retained earnings decreased to CNY 232,982,156.56 from CNY 239,260,382.87, reflecting a decline of approximately 2.62%[18]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,343,735.71 for the period[9]. - The company received government subsidies amounting to ¥3,136,210.25, an increase of 61.78% compared to the previous year[15]. - Investment income surged by 298.54% to ¥29,595.04, due to increased profits from associated companies[14]. - The company reported a significant increase in asset impairment losses by 125.59% to ¥3,899,782.25, primarily due to increased inventory impairment[14]. - The company experienced an asset impairment loss of ¥3.90 million in Q1 2019, compared to ¥1.73 million in Q1 2018[24]. - The company reported an increase in R&D expenses to ¥5.28 million in Q1 2019, up from ¥4.14 million in Q1 2018[24].

Financial Performance - The net profit attributable to the parent company for 2018 was CNY 36,358,746.47[5] - The company's operating revenue for 2018 was CNY 611,299,588.85, representing a year-on-year increase of 13.21% compared to CNY 539,964,464.17 in 2017[24] - The net profit attributable to shareholders for 2018 was CNY 36,358,746.47, a decrease of 43.66% from CNY 64,539,616.99 in 2017[24] - The net cash flow from operating activities decreased by 64.46% to CNY 47,672,751.74 in 2018, down from CNY 134,135,307.89 in 2017[24] - Basic earnings per share for 2018 were CNY 0.23, down 43.90% from CNY 0.41 in 2017[25] - The weighted average return on equity decreased to 5.80% in 2018, down 5.66 percentage points from 11.46% in 2017[25] - The total assets of the company at the end of 2018 were CNY 1,196,196,610.13, a decrease of 5.65% from CNY 1,267,813,347.14 at the end of 2017[24] - The total profit amounted to CNY 57.86 million, a decrease of 39.79% compared to the previous year[83] - Net profit for the period was CNY 44.11 million, down 42.14% year-on-year[83] Dividend Policy - The proposed cash dividend is CNY 0.9 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 annual distributable profit, with higher percentages for mature stages without major capital expenditures[150] - In 2018, the company distributed cash dividends amounting to CNY 14,285,311.29, representing a net profit distribution rate of 39.29%[157] - In 2017, the cash dividend distribution was CNY 26,071,880.00, with a net profit distribution rate of 40.40%[157] - In 2016, the cash dividend distribution was CNY 21,337,600.00, with a net profit distribution rate of 36.15%[157] - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[158] Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6] - The report includes a standard unqualified audit opinion from Zhongshun Zhonghuan Accounting Firm[4] - The company has detailed various risks faced in production and operations in the report[7] - There are no non-operating fund occupations by controlling shareholders or related parties[7] - The company faces risks related to product quality, as any instability could lead to customer returns and claims[133] - The company is at risk of not maintaining its high-tech enterprise status, which could affect its tax rate and overall financial performance[138] - The company faces risks from exchange rate fluctuations, particularly due to high export ratios and reliance on foreign currencies for procurement[143] - The macroeconomic environment has become increasingly uncertain since 2018, particularly due to intensified trade tensions, which may affect the company's production capacity and product pricing[145] Business Overview - The report outlines the company's business overview and key financial indicators[15] - The company operates several wholly-owned and controlling subsidiaries in the electronics sector[12] - The company's main business is the research, development, production, and sales of quartz crystal resonators, with no changes in the main business since establishment[34] - The company’s products include various models of quartz crystal resonators, covering DIP and SMD types, aimed at applications in personal computers, home appliances, and mobile communications[34] - The company aims to enhance its market competitiveness by expanding production capacity and optimizing product structure through fundraising projects[34] - The company is actively promoting chip solutions to gain more opportunities in the smart and IoT markets[38] Production and Sales - The company reported a significant increase in asset impairment losses due to expanded production and sales scale, leading to increased costs[26] - The cash flow from operating activities was negatively impacted by increased payments for labor and materials due to expanded production scale[26] - The company's total production volume increased to 2.78 billion units in 2018, representing a growth of 23.51% year-over-year[49] - The company's sales volume reached 2.55 billion units, up 18.97% year-on-year, with revenue of 611 million yuan, an increase of 13.21%[74] - The gross margin for its main business was 25.44%, down from 28.96% the previous year, due to increased competition and rising costs[77] - The production volume of quartz crystal resonators increased by 23.51% year-on-year, with sales volume rising by 18.97%[93] Research and Development - Research and development expenses for 2018 amounted to 20.20 million yuan, accounting for 3.30% of total revenue[78] - The company holds 93 patents, including 6 invention patents, highlighting its commitment to innovation[78] - The company has successfully extended its production from DIP to SMD products, achieving mass production of high-frequency chips, bases, and covers[66] - The company successfully developed new micro SMD products (SMD2016, 1612, 2012) and achieved mass production, adapting to the demands of 5G technology[104] Market Trends - The global market share of Japanese quartz crystal manufacturers decreased from 59.9% in 2010 to 48.80% in 2017, a decline of 11.10 percentage points[44] - In 2017, Taiwan manufacturers held approximately 24.30% of the global market share for frequency components, an increase of 6.00 percentage points from 2010[45] - The global frequency component market value remained between $3.1 billion and $3.3 billion in 2017, with an estimated annual sales volume of 17.5 billion to 18.5 billion units, reflecting a compound annual growth rate (CAGR) of 2.1%[46] - The IoT connections are projected to grow from 8.6 billion in 2018 to 22.3 billion by 2024, with a CAGR of 17%[55] - The number of internet broadband access ports reached 886 million by the end of 2018, with a net increase of 110 million from the previous year[57] Corporate Governance - The company has made commitments to avoid related party transactions and ensure compliance with regulations to protect shareholder interests[176] - The company is committed to ensuring that any share repurchase or increase in shareholding complies with relevant regulations and does not exceed specified financial limits[166][167][168] - The controlling shareholders pledged not to interfere with the company's management or infringe on its interests[186] - The company reported no significant accounting errors during the reporting period[192] - There were no major lawsuits or arbitration matters reported during the year[195] Community Engagement - The company established the "Taijing Technology Scholarship" and "Taijing Technology Innovation Fund" at Wuhan University of Technology to support outstanding impoverished students, with a total funding of 300,000 yuan from 2017 to 2021[200] - The company actively participates in local poverty alleviation plans as per government and regulatory documents[199] - The company prioritizes providing employment opportunities for impoverished areas and households[199] - The company offers financial support for local poverty alleviation projects[199]

Financial Performance - Operating revenue increased by 32.00% to CNY 467,379,229.98 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 7.79% to CNY 41,443,124.50 for the first nine months compared to the same period last year[6] - Basic earnings per share decreased by 7.14% to CNY 0.26[6] - Total operating revenue for Q3 2018 was $138.94 million, a decrease of 4.9% compared to $145.74 million in Q3 2017[26] - Net profit for Q3 2018 was $15.66 million, down 12.7% from $17.93 million in Q3 2017[27] - The company reported a total profit of $19.36 million for Q3 2018, a decrease of 15.5% from $22.73 million in Q3 2017[26] - Net profit for the first nine months of 2023 was ¥23,504,941.07, compared to ¥24,042,346.76 in the same period last year, reflecting a slight decrease of 2.2%[30] - The company reported a significant increase in sales revenue from ¥360,456,800.46 to ¥467,933,831.51 for the first nine months of 2023, marking a growth of 29.8%[32] - The company’s total profit for the first nine months of 2023 was ¥27,836,393.55, slightly down from ¥28,640,369.76 in the previous year, showing a decrease of 2.8%[30] Cash Flow - Net cash flow from operating activities decreased by 22.19% to CNY 26,838,498.16 for the first nine months compared to the same period last year[6] - Cash flow from operating activities generated a net amount of ¥26,838,498.16, down from ¥34,493,718.92 in the same period last year, showing a decrease of 22.3%[32] - Total cash inflow from operating activities increased to CNY 250,975,669.07, up from CNY 220,317,628.96 year-over-year, representing a growth of approximately 13.5%[35] - The net cash flow from financing activities showed a significant decline to -CNY 72,583,594.86 compared to a positive inflow of CNY 91,352,816.51 last year[35] - The ending cash and cash equivalents balance was CNY 45,620,394.46, a decrease from CNY 27,389,661.85 year-over-year[35] Assets and Liabilities - Total assets decreased by 3.40% to CNY 1,224,719,407.86 compared to the end of the previous year[6] - Total liabilities decreased from CNY 567,865,600.12 to CNY 493,622,918.41, a reduction of approximately 13.1%[20] - Current liabilities decreased from CNY 398,210,611.96 to CNY 321,737,178.05, a decline of about 19.2%[20] - Cash and cash equivalents dropped significantly from CNY 242,510,283.56 to CNY 45,620,394.46, a decrease of approximately 81.2%[23] - Accounts receivable increased from CNY 126,442,050.05 to CNY 160,110,727.61, representing a growth of about 26.6%[23] - Inventory rose from CNY 32,575,277.16 to CNY 52,681,225.73, an increase of approximately 61.8%[23] - The company’s long-term prepaid expenses increased by 155.03% to ¥4,123,233.35, reflecting higher workshop renovation costs[12] - The company’s accounts payable decreased by 37.40% to ¥110,765,956.81, indicating reduced procurement payments[12] Shareholder Information - The total number of shareholders reached 10,152 at the end of the reporting period[10] - The largest shareholder, Yu Xindong, holds 42.58% of the shares, with 67,592,000 shares pledged[10] Research and Development - Research and development expenses rose to $5.50 million in Q3 2018, an increase of 39.1% compared to $3.95 million in Q3 2017[26] - Research and development expenses increased to ¥7,873,000.80 for the first nine months of 2023, up from ¥7,086,569.87 in the previous year, indicating a focus on innovation[30] Other Financial Metrics - The weighted average return on equity decreased by 1.64 percentage points to 6.41%[6] - Non-operating income for the first nine months amounted to CNY 5,357,212.98[8] - The company has not disclosed any significant new product developments or market expansion strategies in this report[11] - Financial expenses, including interest expenses, rose to ¥1,904,915.54 for the first nine months of 2023, compared to ¥597,356.50 in the previous year, highlighting increased borrowing costs[30]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2018, representing a year-on-year increase of 15%[14]. - The company's operating revenue for the first half of the year reached ¥328,435,065.93, representing a 57.65% increase compared to ¥208,338,335.64 in the same period last year[23]. - The net profit attributable to shareholders decreased by 10.18% to ¥26,961,562.54 from ¥30,016,545.05 year-on-year[23]. - Net profit for the period was RMB 32.97 million, a year-on-year decrease of 7.03%[67]. - Basic earnings per share decreased by 10.53% to ¥0.17 from ¥0.19 in the same period last year[24]. - The weighted average return on equity decreased by 1.18 percentage points to 4.21% from 5.39% year-on-year[24]. - The company's gross profit margin for the first half of 2018 was 35%, compared to 30% in the same period last year, indicating improved profitability[14]. - The company's gross profit margin for main business was 26.06%, down 2.90% from the end of the previous year[73]. Production and Capacity - The company has expanded its user base by 20% in the first half of 2018, reaching a total of 500,000 active users[14]. - The company plans to enhance its production capacity by 30% in the next year to meet increasing demand[14]. - In the first half of 2018, the company's production volume reached 1.353 billion units, a 45.48% increase from 930 million units in the same period last year[39]. - The company plans to invest 297 million yuan in expanding the production line for the TKD-M series micro high-frequency crystal resonators[39]. - The company is focused on enhancing its operational efficiency to mitigate the impact of rising costs associated with its growth strategy[23]. Market Expansion and Strategy - Future outlook includes a projected revenue growth of 25% for the second half of 2018, driven by new product launches and market expansion strategies[14]. - Market expansion efforts include entering two new international markets, aiming for a 10% increase in overseas sales by the end of 2018[14]. - The company is positioned to benefit from the growing demand for quartz crystal resonators in the electronics industry, particularly in smart devices and IoT applications[31]. - The company plans to continue expanding its production and sales scale, particularly in the crystal component trade[23]. - The company is focused on expanding its international market presence, particularly in high-end product segments, to increase export sales and market share[123]. Research and Development - The company is investing RMB 10 million in R&D for new technologies, focusing on MEMS technology and high-frequency crystal oscillators[14]. - The company has developed and mass-produced high-frequency SMD micro-products, becoming one of the few global manufacturers capable of producing these products, marking a new growth point[56]. - The company has obtained 91 patents, including 6 invention patents, indicating strong R&D capabilities and innovation in the quartz crystal resonator sector[58]. - Research and development expenses amounted to RMB 8.45 million, accounting for 2.57% of operating revenue[75]. - The company must continuously invest in R&D to keep pace with rapid technological advancements in the industry[91]. Financial Integrity and Risks - No non-operating fund occupation by controlling shareholders or related parties was reported, ensuring financial integrity[7]. - The company has outlined potential risks in its operations, including market competition and supply chain disruptions, and has strategies in place to mitigate these risks[7]. - The company faces risks related to technology research and development, particularly in adapting to the miniaturization trends in downstream products[91]. - The company’s products are primarily used in consumer electronics, and any quality issues could lead to returns or claims, posing a risk to the company[92]. - The company’s export revenue accounted for 26.31% of total operating income, exposing it to foreign exchange risks due to reliance on USD and JPY[99]. Shareholder and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering[106]. - The company will implement stock price stabilization measures if the stock price falls below the net asset value per share for 20 consecutive trading days within three years post-IPO[109]. - The company’s major shareholders have committed to avoiding competition with the company and ensuring no related party transactions occur[107]. - The company’s stockholders are restricted from transferring shares for 12 months post-IPO[108]. - The company has made commitments to ensure that its board and senior management will not engage in actions that could harm the company's interests[126]. Social Responsibility - The company actively participated in poverty alleviation efforts, providing a total of RMB 3.23 million in funding[135]. - The company helped 120 registered impoverished individuals to escape poverty during the reporting period[135]. - The company provided employment opportunities for over 120 individuals from impoverished areas, with an average monthly income of approximately RMB 4,500[133]. - The company has committed to ongoing support for poverty alleviation projects, including scholarships for outstanding students[138]. Convertible Bonds and Financing - The company successfully raised 215 million yuan through the issuance of convertible bonds, with a net amount of 197.48 million yuan after deducting issuance costs[39]. - The total number of convertible bondholders at the end of the reporting period is 4,175[140]. - The latest adjusted conversion price for the convertible bonds is CNY 17.99[145]. - The total amount of convertible bonds before the reporting period was CNY 215,000,000, with a decrease of CNY 2,000 during the reporting period[142]. - The cumulative amount of shares converted during the reporting period is 110 shares, with a total conversion amount of CNY 2,000[143].

Financial Performance - Operating revenue increased by 52.99% to CNY 140,474,102.38 year-on-year[5] - Net profit attributable to shareholders decreased by 17.80% to CNY 12,641,119.41 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 21.43% to CNY 0.11[5] - The company reported a gross profit of CNY 18,343,997.76 for Q1 2018, compared to CNY 34,346,532.87 in Q1 2017[22] - The total profit for the current period was CNY 5,448,642.13, down from CNY 12,827,768.15, a decline of approximately 57.5%[26] - Net profit for Q1 2018 was CNY 15,232,810.85, a decrease of 13.9% from CNY 17,703,156.17 in Q1 2017[22] - The net profit attributable to the parent company's shareholders decreased to CNY 12,641,119.41 from CNY 15,378,604.43, representing a decline of approximately 17.9%[23] - The total comprehensive income attributable to the parent company's owners was CNY 12,641,119.41, compared to CNY 15,378,604.43, indicating a decrease of about 17.9%[23] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -17,252,896.60, a decline of 258.39% compared to the previous year[5] - The company's cash and cash equivalents decreased to CNY 57,340,390.02 from CNY 242,510,283.56 at the beginning of the year[18] - The net cash flow from operating activities was -108,094,566.32 RMB, a significant decrease compared to the previous period's net cash flow of 4,696,680.84 RMB[31] - Total cash inflow from operating activities was 61,922,103.10 RMB, while cash outflow was 170,016,669.42 RMB, resulting in a cash flow deficit[31] - Cash and cash equivalents at the end of the period decreased to 57,340,390.02 RMB from 96,337,426.71 RMB in the previous period[31] - The company reported cash outflow from investing activities of 42,805,616.00 RMB, compared to 58,074,948.39 RMB in the previous period[31] - Cash flow from financing activities resulted in a net outflow of -33,652,037.52 RMB, with cash inflow from investment totaling 1,250,000.00 RMB[31] Assets and Liabilities - Total assets decreased by 6.38% to CNY 1,186,877,826.00 compared to the end of the previous year[5] - Total liabilities as of March 31, 2018, amounted to CNY 362,368,886.67, down from CNY 412,953,545.65 at the beginning of the year[19] - Total assets as of March 31, 2018, were CNY 907,067,301.65, compared to CNY 953,120,171.36 at the start of the year[19] - Current liabilities totaled CNY 192,207,324.08, a decrease of 21.4% from CNY 244,485,021.13 at the beginning of the year[19] - The total number of shareholders reached 10,488 at the end of the reporting period[7] Operational Metrics - Operating costs rose by 72.61% to ¥98,931,108.79, reflecting the increased scale of production and sales[11] - The company’s inventory increased by 23.73% to ¥138,480,882.07, indicating a buildup of stock in anticipation of future sales[16] - Accounts receivable increased by 12.93% to ¥216,760,222.11 from ¥192,007,326.48, suggesting improved sales performance[16] - The company’s long-term prepaid expenses increased by 56.86% to ¥2,535,997.29, reflecting higher renovation and improvement costs[11] - The company’s financial expenses surged by 244.41% to ¥5,817,272.12, mainly due to increased exchange losses and loan interest[11] Shareholder Information - The largest shareholder, Yu Xindong, holds 42.59% of the shares, with 48,280,000 shares pledged[8] - The weighted average return on equity decreased by 0.81 percentage points to 1.97%[5] Future Outlook - The company plans to continue expanding production capacity and investing in new equipment to support growth initiatives[12] - The company has not disclosed any new product developments or market expansion strategies in this report[4]

Financial Performance - The net profit attributable to the parent company for 2017 was CNY 64,539,616.99, with a proposed cash dividend of CNY 2.30 per 10 shares, totaling CNY 26,071,880.00, which accounts for 40.40% of the net profit [5]. - The company's operating revenue for 2017 was ¥539,964,464.17, representing a year-on-year increase of 45.91% compared to ¥370,069,655.13 in 2016 [22]. - The net profit attributable to shareholders for 2017 was ¥64,539,616.99, which is a 9.34% increase from ¥59,026,251.59 in 2016 [22]. - The net cash flow from operating activities increased by 40.25% to ¥134,135,307.89 in 2017, up from ¥95,636,867.53 in 2016 [24]. - Total assets at the end of 2017 reached ¥1,267,813,347.14, marking an 80.87% increase from ¥700,942,026.67 at the end of 2016 [22]. - The company's net assets attributable to shareholders increased by 14.80% to ¥626,178,920.61 at the end of 2017, compared to ¥545,451,572.02 at the end of 2016 [22]. - The basic earnings per share for 2017 was ¥0.57, a decrease of 10.94% from ¥0.64 in 2016 [23]. - The weighted average return on equity for 2017 was 11.46%, down 5.80 percentage points from 17.26% in 2016 [23]. - The company raised ¥197 million through convertible bonds in 2017, contributing to the increase in total assets [24]. - The total profit for the year was CNY 96.09 million, an increase of 14.72% compared to the previous year [90]. Shareholder Returns - The cash dividends distributed in 2017 amounted to 26,071,880 RMB, reflecting a positive net profit for the year [144]. - The company’s cash dividend policy stipulates that the annual cash dividend amount should not be less than 20% of the total distributable profit for the year [141]. - In mature stages without significant capital expenditure, the cash dividend proportion should reach a minimum of 80% [141]. - In the past three years, the company has distributed cash dividends of 2.30 RMB per 10 shares in 2017, 3.20 RMB in 2016, and 3.20 RMB in 2015, with payout ratios of 40.40%, 36.15%, and 31.89% respectively [144]. Capital Structure and Financing - The total share capital will increase to 158,698,400 shares after a proposed capital reserve conversion of 4 shares for every 10 shares held, totaling 45,342,400 shares [5]. - The company issued convertible bonds totaling RMB 215 million on December 15, 2017, with a face value of RMB 100 per bond, and the funds raised amounted to RMB 215 million [188]. - The company's total assets as of December 31, 2017, were CNY 1,267,813,347.14, with a debt-to-asset ratio of 44.79% [190]. - The company's total liabilities increased from CNY 98,024,502.65 at the beginning of the period to CNY 567,865,600.12 at the end of the period [199]. Operational Highlights - The company expanded its production and sales scale, which contributed to the growth in operating revenue and cash flow [24]. - The company's total production volume increased to 2.251 billion units in 2017, representing a growth of 32.71% year-over-year [39]. - The main business revenue was 509 million RMB in 2017, up 43.12% from 356 million RMB in 2016, with the M series products accounting for 53.31% of the main business revenue [42]. - The company plans to invest a total of 297 million RMB in expanding the production capacity of the TKD-M series micro high-frequency crystal resonators [42]. - The expected annual production capacity for the TKD-M series products will exceed 800 million units, with total production capacity projected to exceed 3.5 billion units in 2018 [43]. Market and Industry Trends - The quartz crystal resonator industry is a crucial segment of the electronic components sector, supporting the development of the electronic information industry in China [32]. - The global market for quartz crystal resonators is becoming increasingly competitive, with mainland Chinese companies expected to continue gaining market share [38]. - The production of quartz crystal resonators is expected to grow significantly, driven by the demand from the mobile phone industry, which requires over 5 billion units annually [48]. - The smart hardware market in China is expected to continue stable growth, driven by advancements in artificial intelligence and sensor technologies [57]. Risk Management - The company has detailed various risks faced in its operations and corresponding countermeasures in the report [7]. - The company faces risks related to technology development, product quality, and new customer acquisition in a rapidly evolving market [127][129]. - The company has committed to not unfairly transferring benefits to other entities or individuals, ensuring the protection of public investors' interests [165]. Corporate Governance - The audit report issued by Zhongshen Zhonghuan CPA is a standard unqualified opinion, ensuring the financial report's authenticity and completeness [4]. - The report indicates that all board members attended the board meeting, ensuring governance and oversight [8]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute actual commitments to investors, highlighting the associated risks [6]. - The company has established a structured approach to managing its commitments and ensuring compliance with regulatory requirements [145]. Research and Development - R&D expenses amounted to RMB 17.46 million, representing 3.23% of total revenue, indicating a commitment to innovation [85]. - The company has developed and mass-produced high-frequency SMD micro products, becoming one of the few global manufacturers capable of producing these products, contributing to new growth points [66]. - The company successfully developed new MC series products, utilizing new materials that reduce costs and improve production efficiency [85]. Social Responsibility - The company established the "Taijing Technology Scholarship" and "Taijing Technology Innovation Fund" at Wuhan University of Technology, providing a total of RMB 300,000 from 2017 to 2021, with an annual funding of RMB 60,000 [180]. - The company employed over 150 workers from impoverished areas and local disabled individuals, with an average monthly salary exceeding RMB 4,000, aiding their poverty alleviation [180]. - The company reported a total investment of RMB 174,000 in poverty alleviation efforts, helping 62 registered impoverished individuals to escape poverty [182].

Financial Performance - Operating revenue for the first nine months rose by 35.09% to CNY 354,076,349.53 year-on-year[6] - Net profit attributable to shareholders increased by 14.08% to CNY 44,943,987.87 compared to the same period last year[6] - Basic earnings per share decreased by 13.04% to CNY 0.40 compared to the same period last year[6] - The weighted average return on equity decreased by 6.32 percentage points to 8.05%[6] - Year-to-date net profit for the first nine months was ¥53,402,009.90, an increase of 19.8% from ¥44,512,762.54[24] - Net profit for Q3 was ¥17,932,715.48, up 8.1% from ¥16,594,367.79 in Q3 of the previous year[24] - The company reported a total profit of ¥22,732,019.22 for Q3, compared to ¥20,845,564.31 in the previous year[22] Assets and Liabilities - Total assets increased by 32.74% to CNY 930,396,996.43 compared to the end of the previous year[6] - Total liabilities surged to CNY 291,767,251.50 from CNY 98,024,502.65, marking an increase of about 196.5%[17] - Current assets decreased slightly to CNY 436,308,934.22 from CNY 451,935,846.96, a decline of about 3.5%[16] - Non-current assets totaled CNY 494,088,062.21, up from CNY 249,006,179.71, a growth of about 98.5%[16] - The company's fixed assets increased by 68.14% to ¥366,743,692.35, reflecting investments in machinery and property for production expansion[12] Cash Flow - Net cash flow from operating activities decreased by 61.62% to CNY 34,493,718.92 year-on-year[6] - Cash and cash equivalents dropped significantly to CNY 60,305,642.77 from CNY 198,954,117.09, a decrease of approximately 69.7%[16] - The company incurred a net cash outflow from investing activities of ¥265,593,171.01, compared to a net outflow of ¥44,332,444.13 in the same period last year[29] - Net cash flow from financing activities was CNY 91,352,816.51, down from CNY 209,665,560.96 in the previous year[31] Operating Costs and Expenses - The company's operating costs rose by 47.54% to ¥243,651,961.87, reflecting the costs associated with expanded production[12] - Total operating costs for Q3 were ¥123,638,361.12, representing a 58.7% increase compared to ¥77,876,317.69 in Q3 of the previous year[22] - The total operating costs for the first nine months were ¥291,878,378.36, a 40.5% increase from ¥207,549,180.55[22] - Management expenses increased to ¥17,922,408.72 from ¥16,567,222.67 year-on-year[26] Shareholder Information - The total number of shareholders reached 10,865 as of the report date[9] - The largest shareholder, Yu Xindong, holds 42.59% of the shares and has pledged 14,830,000 shares[9] Government Subsidies and Tax - Government subsidies recognized in the first nine months amounted to CNY 6,364,684.56[8] - The company experienced a 181.58% increase in tax refunds received, totaling ¥15,226,267.79, attributed to higher export tax rebates[12] - The company received CNY 2,095,618.56 in tax refunds, slightly up from CNY 2,080,939.37 in the previous year[31] Inventory and Receivables - The company's inventory rose by 117.06% to ¥110,674,656.57, attributed to increased raw material reserves and finished goods due to expanded production[11] - Accounts receivable rose to CNY 211,074,325.37 from CNY 180,446,332.19, an increase of about 16.9%[16]

Financial Performance - The company's operating revenue for the first half of the year reached ¥208,338,335.64, representing a 27.29% increase compared to ¥163,677,848.84 in the same period last year [21]. - Net profit attributable to shareholders was ¥30,016,545.05, up 21.21% from ¥24,764,912.95 year-on-year [21]. - Basic earnings per share decreased by 48.00% to ¥0.26 from ¥0.50 in the previous year [21]. - The weighted average return on net assets fell by 3.83 percentage points to 5.39% from 9.22% in the same period last year [21]. - The net cash flow from operating activities decreased significantly by 91.03% to ¥7,694,593.67 from ¥85,806,034.81 year-on-year [21]. - The total assets increased by 13.97% to ¥798,846,893.81 from ¥700,942,026.67 at the end of the previous year [21]. - The company achieved operating revenue of RMB 208 million, a year-on-year increase of 27.29% [62]. - Net profit reached RMB 35.47 million, reflecting a year-on-year growth of 27.05% [62]. - The net profit attributable to shareholders was RMB 30.02 million, up 21.21% year-on-year [62]. - The company reported a second-quarter operating revenue of RMB 117 million, with a quarter-on-quarter growth of 26.90% [62]. Production and Sales - In the first half of 2017, the company's production volume reached 930 million units, an increase of 22.05% compared to 762 million units in the same period of 2016 [36]. - The M series products accounted for 60.21% of the main business revenue, an increase of 10.51% compared to the same period last year [36]. - The company plans to invest 297 million RMB in expanding the production capacity of the TKD-M series micro high-frequency crystal resonators, with a target monthly production capacity of 70 million units post-expansion [36]. - The company continues to focus on the research, production, and sales of quartz crystal resonators, with no changes in its main business since establishment [27]. - The company is expanding its production capacity and optimizing product structure to enhance market competitiveness [27]. Market and Industry Trends - The demand for quartz crystal resonators in the mobile phone industry is projected to exceed 5 billion units due to the rapid growth of 4G users and smartphone production [42]. - In 2016, China's automobile production reached 28.12 million units, a year-on-year increase of 14.5%, with a significant rise in the demand for automotive electronic components, including over 600 million quartz crystal resonators [47]. - The production of color televisions in 2016 was 157.7 million units, with smart TVs accounting for 59.0% of total production, indicating a growing demand for quartz crystal resonators in consumer electronics [48]. - The smart hardware market in China, including wearable devices and smart home products, is expected to continue its stable growth, supported by advancements in artificial intelligence and sensor technologies [51]. - The company is focusing on expanding its sales channels annually to increase market share [29]. Financial Integrity and Governance - The company has no non-operational fund occupation by controlling shareholders or related parties, indicating financial integrity [5]. - The board of directors confirmed the attendance of all members at the meeting, ensuring governance compliance [3]. - The report includes a risk statement indicating potential operational risks and corresponding mitigation strategies [5]. - The company is focused on maintaining accurate and complete financial reporting as stated by its management [6]. - The report emphasizes the importance of investor awareness regarding risks associated with forward-looking statements [4]. Risks and Challenges - The company faces risks related to technology research and development, particularly in adapting to the miniaturization trends in downstream products [77]. - The company's high accounts receivable may impact cash flow and operational liquidity, posing a risk of bad debt losses [81]. - The company’s high-tech enterprise qualification, which allows for a reduced corporate tax rate of 15%, is set to expire at the end of 2018, posing a risk of increased tax liabilities [82]. - The company’s foreign sales revenue accounted for 28.14% of total operating income, exposing it to exchange rate risks with major currencies like the yen and dollar [86]. Shareholder and Capital Management - The company reported a significant capital injection of CNY 46,676,000.00 from shareholders during the first half of the year, which contributed to the overall equity increase [171]. - The company has established a profit distribution plan to enhance transparency and ensure reasonable returns for all shareholders [108]. - The company plans to publicly issue convertible bonds not exceeding 215 million yuan, with guarantees provided by Zengdu Urban Investment Company [75]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering [92]. - The company will propose a profit distribution or capital reserve increase plan within five trading days if stock price stabilization measures are required [95]. Corporate Social Responsibility - The company established the "Taijing Technology Scholarship" and "Taijing Technology Innovation Fund" at Wuhan University of Technology, providing CNY 300,000 from 2017 to 2021 [120]. - The company employed over 80 workers from impoverished areas, with an average monthly salary exceeding CNY 4,000, aiding in poverty alleviation [120]. - A total of CNY 126,000 was allocated for poverty alleviation efforts, helping 84 registered impoverished individuals escape poverty [122]. - The company provided CNY 6,000 for educational support, benefiting 20 impoverished students [123]. - The company plans to continue funding outstanding impoverished students to complete their studies [124]. Compliance and Regulatory Matters - The company has outlined measures to ensure compliance with regulatory requirements regarding immediate return compensation for investors following the issuance of convertible bonds [109]. - The company appointed Zhongshen Zhonghuan Accounting Firm with a remuneration of CNY 560,000 for a one-year audit period [110]. - There were no significant lawsuits or arbitration matters during the reporting period [111]. - The company has not engaged in any major related party transactions during the reporting period [114].