Important Notice [Statement on Report Authenticity and Unaudited Status](index=3&type=section&id=1.1%20Statement%20on%20Report%20Authenticity%20and%20Unaudited%20Status) The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility for its content, which remains unaudited - The company's Board of Directors, Supervisory Board, and senior management commit to the truthfulness, accuracy, and completeness of the quarterly report content[5](index=5&type=chunk) - Company head Yu Xindong, chief accountant Yu Jiashuang, and head of accounting department Ma Yang guarantee the truthfulness, accuracy, and completeness of the financial statements[5](index=5&type=chunk) - This company's first quarterly report is unaudited[5](index=5&type=chunk) Company Profile [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) As of the end of the reporting period, the company's total assets and net assets attributable to shareholders increased, with significant year-over-year growth in operating revenue and net profit, alongside a substantial improvement in net cash flow from operating activities Overview of Key Financial Data | Indicator | Period-end / Year-to-date (RMB) | Prior Year-end / Year-to-date Prior Year (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | **Balance Sheet Data** | | | | | Total Assets | 717,193,222.79 | 700,942,026.67 | 2.32 | | Net Assets Attributable to Parent Company Shareholders | 560,830,176.45 | 545,451,572.02 | 2.82 | | **Income Statement Data** | | | | | Operating Revenue | 91,818,252.89 | 63,066,057.17 | 45.59 | | Net Profit Attributable to Parent Company Shareholders | 15,378,604.43 | 7,195,499.36 | 113.73 | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Gains and Losses | 10,690,499.13 | 6,932,138.00 | 54.22 | | Weighted Average Return on Net Assets (%) | 2.78 | 2.71 | Increased by 0.07 percentage points | | Basic Earnings Per Share (RMB/share) | 0.23 | 0.14 | 64.29 | | Diluted Earnings Per Share (RMB/share) | 0.23 | 0.14 | 64.29 | | **Cash Flow Statement Data** | | | | | Net Cash Flow from Operating Activities | 10,892,973.54 | 1,389,636.95 | 683.87 | Non-recurring Gains and Losses Items and Amounts | Item | Current Period Amount (RMB) | | :--- | :--- | | Gains/losses on disposal of non-current assets | -155,862.37 | | Government grants recognized in current profit/loss | 5,640,634.26 | | Reversal of impairment provisions for receivables subject to separate impairment testing | 114,000.00 | | Other non-operating income and expenses apart from the above | 62,007.84 | | Impact on minority interests (after tax) | -79,158.62 | | Income tax impact | -893,515.81 | | **Total** | **4,688,105.30** | [Total Shareholders, Top Ten Shareholders, and Top Ten Non-restricted Shareholders as of the End of the Reporting Period](index=5&type=section&id=2.2%20Total%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Non-restricted%20Shareholders%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the reporting period end, the company had 11,722 shareholders, with Yu Xindong as the largest at **42.59%**, and actual controllers holding significant restricted shares - As of the end of the reporting period, the company had **11,722** shareholders[9](index=9&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shares Held at Period-end (shares) | Restricted Shares Held (shares) | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | | Yu Xindong | 28,400,000 | 28,400,000 | 42.59 | Domestic Natural Person | | Wang Dan | 5,800,000 | 5,800,000 | 8.70 | Domestic Natural Person | | Hubei Gaohe Venture Capital Enterprise | 4,000,000 | 4,000,000 | 6.00 | Domestic Non-state-owned Legal Person | | Yu Xinhui | 3,600,000 | 3,600,000 | 5.40 | Domestic Natural Person | | Zhongnan Growth (Tianjin) Equity Investment Fund Partnership (Limited Partnership) | 1,500,000 | 1,500,000 | 2.25 | Domestic Non-state-owned Legal Person | - Among the company's top twelve restricted shareholders, Yu Xindong, Wang Dan, Yu Xinhui, and He Hu are co-actual controllers and have family relationships[9](index=9&type=chunk) [Total Preferred Shareholders, Top Ten Preferred Shareholders, and Top Ten Non-restricted Preferred Shareholders as of the End of the Reporting Period](index=5&type=section&id=2.3%20Total%20Preferred%20Shareholders%2C%20Top%20Ten%20Preferred%20Shareholders%2C%20and%20Top%20Ten%20Non-restricted%20Preferred%20Shareholders%20as%20of%20the%20End%20of%20the%20Reporting%20Period) The company had no preferred shareholders at the end of this reporting period - Disclosure of preferred shareholder information is not applicable to this company[10](index=10&type=chunk) Significant Events [Significant Changes and Reasons for Major Accounting Statement Items and Financial Indicators](index=6&type=section&id=3.1%20Significant%20Changes%20and%20Reasons%20for%20Major%20Accounting%20Statement%20Items%20and%20Financial%20Indicators) Significant changes in financial indicators include asset growth driven by production expansion, substantial increases in revenue and profit, and improved operating cash flow, despite higher investment outflows Significant Changes in Balance Sheet Items | Item | March 31, 2017 (RMB) | December 31, 2016 (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Inventory | 68,455,882.43 | 50,988,563.31 | 34.26 | Increased raw material reserves and goods dispatched due to expanded production scale | | Construction in Progress | 9,370,718.43 | 7,200,010.84 | 30.15 | Increased payments for new Wangchenggang factory construction | | Goodwill | 591,647.33 | / | Not Applicable | Establishment of Shenzhen Taizhuo Electronics Co., Ltd. | | Long-term Deferred Expenses | 485,787.10 | 251,172.24 | 93.41 | Increased housing renovation and modification expenses | | Other Non-current Assets | 12,801,101.63 | 3,695,165.71 | 246.43 | Increased advance payments for projects and equipment due for production expansion | Significant Changes in Income Statement Items | Item | March 31, 2017 (RMB) | March 31, 2016 (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 91,818,252.89 | 63,066,057.17 | 45.59 | Expanded production and sales scale | | Asset Impairment Losses | 3,217,485.09 | 154,029.08 | 1,988.88 | Increased provision for bad debts compared to the same period last year | | Operating Profit | 17,346,527.87 | 10,798,164.19 | 60.64 | Expanded production and sales scale | | Non-operating Income | 5,815,074.35 | 336,466.54 | 1,628.28 | Increased government subsidies recognized in current profit/loss | | Total Profit | 22,893,307.60 | 11,133,410.08 | 105.63 | Increased operating profit and government subsidy income | Significant Changes in Cash Flow Statement Items | Item | March 31, 2017 (RMB) | March 31, 2016 (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 10,892,973.54 | 1,389,636.95 | 683.87 | Increased sales revenue and export tax rebates[11](index=11&type=chunk) | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 64,533,149.34 | 23,046,219.14 | 180.02 | Increased payments for equipment[11](index=11&type=chunk) | | Net Cash Flow from Investing Activities | -64,458,743.66 | -22,780,219.14 | -182.96 | Increased payments for equipment due to expanded production scale[11](index=11&type=chunk) | | Net Cash Flow from Financing Activities | 1,250,000.00 | 28,418,172.56 | -95.60 | Decreased bank loans and government loans[12](index=12&type=chunk) | [Analysis of Progress, Impact, and Solutions for Significant Events](index=7&type=section&id=3.2%20Analysis%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Events) There are no significant events requiring disclosure of progress, impact, or solutions during this reporting period - There is no analysis of the progress, impact, and solutions for significant events during this reporting period[13](index=13&type=chunk) [Unfulfilled Commitments Overdue in the Reporting Period](index=7&type=section&id=3.3%20Unfulfilled%20Commitments%20Overdue%20in%20the%20Reporting%20Period) The company has no unfulfilled commitments overdue during this reporting period - There are no unfulfilled commitments overdue during this reporting period[13](index=13&type=chunk) [Warning and Explanation of Potential Loss or Significant Change in Cumulative Net Profit from Year-start to the End of the Next Reporting Period Compared to the Same Period Last Year](index=7&type=section&id=3.4%20Warning%20and%20Explanation%20of%20Potential%20Loss%20or%20Significant%20Change%20in%20Cumulative%20Net%20Profit%20from%20Year-start%20to%20the%20End%20of%20the%20Next%20Reporting%20Period%20Compared%20to%20the%20Same%20Period%20Last%20Year) The company anticipates a significant year-over-year increase in cumulative net profit for the first half of 2017, primarily driven by continuous expansion of production capacity and sales scale - Cumulative net profit for the first half of 2017 is expected to increase significantly compared to the same period last year[13](index=13&type=chunk) - The growth is primarily due to the company's gradual increase in production capacity and expanded production and sales scale[13](index=13&type=chunk) Appendix [Financial Statements](index=8&type=section&id=4.4%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, and cash flow statements for the first quarter of 2017, detailing the financial position, operating results, and cash flow at the end of the reporting period [Consolidated Balance Sheet](index=8&type=section&id=Consolidated%20Balance%20Sheet) This table presents the consolidated financial position of the company and its subsidiaries at the end of the reporting period and the beginning of the year Key Data from Consolidated Balance Sheet | Item | Period-end Balance (RMB) | Year-start Balance (RMB) | | :--- | :--- | :--- | | Total Current Assets | 419,877,015.00 | 451,935,846.96 | | Total Non-current Assets | 297,316,207.79 | 249,006,179.71 | | Total Assets | 717,193,222.79 | 700,942,026.67 | | Total Current Liabilities | 85,587,748.93 | 88,294,374.82 | | Total Non-current Liabilities | 9,143,146.34 | 9,730,127.83 | | Total Liabilities | 94,730,895.27 | 98,024,502.65 | | Total Equity Attributable to Parent Company Shareholders | 560,830,176.45 | 545,451,572.02 | | Minority Interests | 61,632,151.07 | 57,465,952.00 | | Total Shareholders' Equity | 622,462,327.52 | 602,917,524.02 | | Total Liabilities and Shareholders' Equity | 717,193,222.79 | 700,942,026.67 | [Parent Company Balance Sheet](index=10&type=section&id=Parent%20Company%20Balance%20Sheet) This table details the financial position of the parent company at the end of the reporting period and the beginning of the year Key Data from Parent Company Balance Sheet | Item | Period-end Balance (RMB) | Year-start Balance (RMB) | | :--- | :--- | :--- | | Total Current Assets | 296,346,039.52 | 344,750,017.49 | | Total Non-current Assets | 243,836,941.92 | 195,245,501.25 | | Total Assets | 540,182,981.44 | 539,995,518.74 | | Total Current Liabilities | 29,659,270.16 | 39,883,990.54 | | Total Non-current Liabilities | 8,411,563.01 | 8,742,044.50 | | Total Liabilities | 38,070,833.17 | 48,626,035.04 | | Total Shareholders' Equity | 502,112,148.27 | 491,369,483.70 | | Total Liabilities and Shareholders' Equity | 540,182,981.44 | 539,995,518.74 | [Consolidated Income Statement](index=12&type=section&id=Consolidated%20Income%20Statement) This table presents the consolidated operating results of the company and its subsidiaries for the current and prior reporting periods Key Data from Consolidated Income Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 91,818,252.89 | 63,066,057.17 | | Total Operating Costs | 74,471,725.02 | 52,267,892.98 | | Operating Profit | 17,346,527.87 | 10,798,164.19 | | Total Profit | 22,893,307.60 | 11,133,410.08 | | Net Profit | 17,703,156.17 | 8,720,731.50 | | Net Profit Attributable to Parent Company Shareholders | 15,378,604.43 | 7,195,499.36 | | Minority Interest Income/Loss | 2,324,551.74 | 1,525,232.14 | | Basic Earnings Per Share (RMB/share) | 0.23 | 0.14 | | Diluted Earnings Per Share (RMB/share) | 0.23 | 0.14 | [Parent Company Income Statement](index=13&type=section&id=Parent%20Company%20Income%20Statement) This table details the operating results of the parent company for the current and prior reporting periods Key Data from Parent Company Income Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Operating Revenue | 46,010,603.68 | 38,671,604.24 | | Operating Profit | 7,571,356.24 | 4,428,410.06 | | Total Profit | 12,827,768.15 | 4,635,298.44 | | Net Profit | 10,742,664.57 | 3,915,674.71 | | Basic Earnings Per Share (RMB/share) | 0.16 | 0.08 | | Diluted Earnings Per Share (RMB/share) | 0.16 | 0.08 | [Consolidated Cash Flow Statement](index=14&type=section&id=Consolidated%20Cash%20Flow%20Statement) This table presents the consolidated cash flow activities of the company and its subsidiaries for the current and prior reporting periods Key Data from Consolidated Cash Flow Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 10,892,973.54 | 1,389,636.95 | | Net Cash Flow from Investing Activities | -64,458,743.66 | -22,780,219.14 | | Net Cash Flow from Financing Activities | 1,250,000.00 | 28,418,172.56 | | Net Increase in Cash and Cash Equivalents | -54,211,474.56 | 6,729,078.32 | | Cash and Cash Equivalents at Period-end | 144,742,642.53 | 63,039,058.38 | [Parent Company Cash Flow Statement](index=15&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) This table details the cash flow activities of the parent company for the current and prior reporting periods Key Data from Parent Company Cash Flow Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 4,696,680.84 | -28,184,060.96 | | Net Cash Flow from Investing Activities | -58,074,648.39 | -6,665,617.73 | | Net Cash Flow from Financing Activities | / | 28,418,172.56 | | Net Increase in Cash and Cash Equivalents | -53,535,854.71 | -5,854,545.22 | | Cash and Cash Equivalents at Period-end | 96,337,426.71 | 38,350,782.46 | [Audit Report](index=15&type=section&id=4.5%20Audit%20Report) The company's first quarterly report for this period remains unaudited - This company's first quarterly report is unaudited[25](index=25&type=chunk)

Financial Performance - The net profit attributable to the parent company for 2016 is CNY 59,026,251.59, with a proposed cash dividend of CNY 3.2 per 10 shares, totaling CNY 21,337,600.00, which accounts for 36.15% of the net profit[2]. - The company's operating revenue for 2016 was CNY 370,069,655.13, representing a 15.55% increase compared to CNY 320,274,123.98 in 2015[21]. - The net profit attributable to shareholders for 2016 was CNY 59,026,251.59, up 17.63% from CNY 50,178,160.43 in 2015[21]. - The net cash flow from operating activities increased by 52.49% to CNY 95,636,867.53 in 2016, compared to CNY 62,715,898.00 in 2015[21]. - The total assets at the end of 2016 reached CNY 700,942,026.67, a 45.50% increase from CNY 481,741,940.06 at the end of 2015[21]. - The net assets attributable to shareholders increased by 104.36% to CNY 545,451,572.02 at the end of 2016, compared to CNY 266,905,320.43 at the end of 2015[21]. - Basic earnings per share for 2016 were CNY 1.09, a 9.00% increase from CNY 1.00 in 2015[22]. - The weighted average return on equity decreased by 3.26 percentage points to 17.26% in 2016 from 20.52% in 2015[22]. Capital Structure and Shareholder Actions - The total share capital will increase from 66,680,000 shares to 113,356,000 shares after a capital reserve conversion of 7 shares for every 10 shares held, totaling 46,676,000 new shares[2]. - The company raised a total of 269.22 million yuan through the public offering of 16.68 million shares at a price of 16.14 yuan per share, netting 235.52 million yuan after expenses[47]. - The company issued 3.2 shares for every 10 shares held as stock dividends in 2016, with a total of 21,337,600 shares distributed[113]. - The company has committed to not transferring or managing shares held by major shareholders for 36 months post-IPO, ensuring stability in shareholding[114]. - The company plans to 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[116]. Market and Industry Insights - The company's main business is the research, production, and sales of quartz crystal oscillators, with no changes in the main business since establishment[30]. - The global quartz crystal oscillator market is experiencing increased competition, particularly from manufacturers in mainland China[35]. - The company is positioned to benefit from the growing demand for electronic components in the context of the expanding electronic information industry[32]. - The smartphone production in 2016 reached 2.1 billion units, a year-on-year increase of 13.6%, with smart phones accounting for 74.7% of total mobile phone production[42]. - The wearable device market saw a shipment volume of approximately 78 million units in 2015, reflecting a year-on-year growth of 171.6%[45]. Research and Development - The company’s R&D expenditure was RMB 18.72 million, accounting for 5.06% of operating revenue, with a year-on-year increase of 77.67%[58]. - The company has developed key technologies for high-frequency SMD micro products, becoming one of the few global manufacturers capable of mass production in this area[48]. - The company emphasizes continuous investment in R&D to adapt to the miniaturization trends in downstream products[103]. Operational Efficiency and Strategy - The company employs an order-driven production model, aligning production with customer demand and specifications[31]. - The sales strategy primarily involves direct sales to end customers, supplemented by electronic product traders[31]. - The company has established a comprehensive supplier management system to ensure stable raw material supply and quality[31]. - The company aims to enhance production capacity through continuous expansion plans and collaborations with domestic and international peers[101]. Financial Management and Governance - The company has established a sound corporate governance structure to ensure fair and equitable treatment of all shareholders, enhancing investor relations through multiple communication channels[137]. - The company has implemented a comprehensive human resources management system, ensuring employee rights and providing a safe and comfortable working environment[138]. - The company has not disclosed any significant related party transactions or major contracts during the reporting period[136]. Risk Management - The company has outlined various risks and countermeasures in its operational report, emphasizing the importance of investor awareness regarding potential investment risks[5]. - The company faces risks related to product price declines due to market competition and economic conditions, which could impact gross margins[102]. - The company is at risk of product quality issues that could lead to customer claims if products do not meet performance standards[102]. Shareholder Commitments - Shareholders have committed not to reduce their holdings within three years post-IPO and to disclose any reduction plans 15 trading days in advance[123][124]. - Major shareholders have pledged not to reduce their holdings within specified timeframes, ensuring stability in share ownership[125]. Legal and Compliance - There were no major lawsuits or arbitration matters reported during the fiscal year, indicating a stable legal standing[133]. - The company has not disclosed any employee stock ownership plans or other incentive measures, suggesting a focus on existing strategies[134].

2016 年第三季度报告 公司代码：603738 公司简称：泰晶科技 湖北泰晶电子科技股份有限公司 2016 年第三季度报告 1 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 1.3 公司负责人喻信东、主管会计工作负责人喻家双及会计机构负责人（会计主管人员）马阳保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 2016 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 3 / 23 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 756,634,404.10 481,741,940.06 57.06 归属于 ...