Financial Performance - The company's operating revenue for Q1 2023 was ¥144,277,058.98, a decrease of 9.02% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥7,891,481.89, down 16.18% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,306,439.58, a decline of 36.99% compared to the previous year[5] - Basic earnings per share for Q1 2023 were ¥0.09, reflecting a decrease of 15.89% year-on-year[6] - The weighted average return on equity was 0.68%, a decrease of 0.15 percentage points from the previous year[6] - The total operating revenue for Q1 2023 was CNY 144,277,058.98, a decrease of approximately 8.18% compared to CNY 158,577,061.52 in Q1 2022[19] - Net profit for Q1 2023 was ¥7,558,912.90, representing a decline of 19.1% from ¥9,344,750.61 in Q1 2022[21] - The company reported a basic and diluted earnings per share of ¥0.09 for Q1 2023, compared to ¥0.107 in Q1 2022[22] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,417,911,503.99, a decrease of 0.57% from the end of the previous year[6] - As of March 31, 2023, total assets amounted to CNY 1,417,911,503.99, slightly down from CNY 1,426,098,601.72 at the end of 2022[16] - The total current liabilities decreased to CNY 226,625,593.02 from CNY 241,447,853.22, reflecting a decline of about 6.14%[16] - The company's total equity increased to CNY 1,160,474,913.70 from CNY 1,152,916,000.80, showing a growth of approximately 0.28%[17] - The total liabilities decreased to CNY 257,436,590.29 from CNY 273,182,600.92, indicating a reduction of approximately 5.76%[17] Cash Flow - Cash and cash equivalents decreased by 33.73% due to the investment of idle funds in financial products[10] - The company reported a net cash flow from financing activities of ¥6,749,319.31, reflecting a significant increase due to bank borrowings[10] - The net cash flow from operating activities for Q1 2023 was ¥6,749,319.31, a significant improvement from a negative cash flow of ¥13,593,424.39 in Q1 2022[25] - The net cash flow from financing activities for Q1 2023 was ¥22,778,000.00, compared to ¥2,137,749.99 in Q1 2022[27] Expenses - Total operating costs for Q1 2023 were ¥139,815,461.38, down 6.0% from ¥148,439,473.70 in the same period last year[21] - Research and development expenses for Q1 2023 were ¥6,959,142.17, down 17.8% from ¥8,473,760.99 in Q1 2022[21] Shareholder Information - The number of shares held by the top shareholder, Wang Qiaobin, is 4,770,000, representing a significant stake in the company[13] Inventory and Receivables - Accounts receivable stood at CNY 231,545,154.90, down from CNY 277,088,635.44, indicating a reduction of approximately 16.43%[15] - The company reported a decrease in inventory to CNY 187,083,858.00 from CNY 181,426,503.77, which is an increase of about 3.65%[15] Other Financial Metrics - Cash and cash equivalents at the end of Q1 2023 totaled ¥189,887,568.91, compared to ¥106,284,680.23 at the end of Q1 2022[27] - The total cash outflow from investing activities in Q1 2023 was ¥158,262,152.18, an increase from ¥138,288,712.95 in Q1 2022[27] - The company experienced a foreign exchange impact of ¥51,239.70 on cash and cash equivalents in Q1 2023, contrasting with a negative impact of ¥41,880.83 in Q1 2022[27] Market Strategy - The company has not indicated any new product launches or significant market expansion strategies during this reporting period[14]

Financial Performance - The company's operating revenue for 2022 was ¥687,678,874.11, a decrease of 6.32% compared to ¥734,067,052.23 in 2021[24] - The net profit attributable to shareholders for 2022 was ¥50,546,684.49, down 35.30% from ¥78,122,104.62 in the previous year[24] - The net profit after deducting non-recurring gains and losses was ¥42,588,520.23, a decline of 37.49% from ¥68,129,663.54 in 2021[24] - The company's basic and diluted earnings per share decreased by 35.96% to CNY 0.57 in 2022, down from CNY 0.89 in 2021[26] - Net profit for the reporting period fell by 35.30% year-on-year, while net profit excluding non-recurring gains and losses decreased by 37.49%[27] - Total operating revenue for 2022 was CNY 688 million, representing a decline of 6.32% compared to the previous year[37] - The company achieved a net profit attributable to shareholders of CNY 50.55 million, a decrease of 35.30% from the previous year[37] - The weighted average return on equity dropped to 4.43% in 2022, down from 7.04% in 2021, reflecting a decrease of 2.61 percentage points[26] Cash Flow and Assets - The cash flow from operating activities for 2022 increased by 22.41% to ¥76,390,889.53, compared to ¥62,407,063.13 in 2021[24] - The total assets at the end of 2022 were ¥1,426,098,601.72, reflecting a slight increase of 0.89% from ¥1,413,565,268.04 at the end of 2021[24] - The net assets attributable to shareholders increased by 2.14% to ¥1,150,531,268.81 at the end of 2022, compared to ¥1,126,384,584.32 at the end of 2021[24] Market and Industry Trends - The global PCB market value growth rate fell to 1% in 2022, reaching 81.741 billion USD, influenced by tightening global financial conditions and geopolitical tensions[40][41] - The global PCB market is projected to grow at a compound annual growth rate (CAGR) of approximately 3.8% from 2022 to 2027, with an expected market value of around 98.388 billion USD by 2027[43] - The automotive PCB market is expected to grow significantly, with the global automotive PCB market value projected to reach 8.8 billion USD by 2024, driven by increasing electronic components in vehicles[46] - New energy vehicle production and sales reached 7.058 million and 6.887 million units in 2022, respectively, with a year-on-year growth of 96.9% and 93.4%, capturing a market share of 25.6%[48] - The penetration rate of T-Box in passenger vehicles is expected to rise from 50% in 2020 to 85% by 2025, significantly increasing the demand for PCBs[47] Strategic Initiatives - The company is focusing on enhancing new product development and optimizing its product structure, particularly in the new energy vehicle and photovoltaic energy storage sectors[38] - The company is adjusting its market expansion strategy towards the new energy sector to mitigate operational risks and ensure stable development[37] - The company is gradually advancing its capacity construction for fundraising projects, indicating ongoing investment in growth initiatives[38] - The company aims to expand its customer base in the new energy sector, leveraging its R&D capabilities and manufacturing strength to offer comprehensive product solutions[106] Research and Development - The company’s R&D expenses increased by 13.44% to 38,240,992 yuan, reflecting a focus on new product development[67] - The number of R&D personnel is 207, accounting for 17.25% of the total workforce[81] - The company is investing in research and development for new technologies, aiming to allocate 15% of its revenue towards innovation in the upcoming year[120] Environmental and Social Responsibility - The company invested 10.41 million yuan in environmental protection during the reporting period[154] - The total wastewater discharge in 2022 was 389,374 tons, with ammonia nitrogen emissions totaling 0.502 tons/year and COD emissions totaling 16.35 tons/year[157] - The company was classified as a key pollutant discharge unit by the Changzhou Ecological Environment Bureau, emphasizing its commitment to environmental protection[155] - The company made a charitable donation of 200,000 yuan to the Changzhou Wujin District Charity Federation, aimed at assisting underprivileged communities[164] Governance and Shareholder Commitments - The company has established a governance structure to ensure shareholder interests are maximized and is committed to improving internal management and control systems[115] - The company has a total of 8 independent directors serving on the board[125] - The company will adhere to all relevant laws and regulations regarding share transfers and disclosures[175] - The company commits to a long-term holding of shares, with no reduction in holdings for 12 months post-IPO[179] Future Outlook - Future outlook includes a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion initiatives[120] - Plans for market expansion include entering two new international markets by the end of the next fiscal year, targeting a 5% increase in overall market share[120] - A new product line is expected to launch in Q3 2024, with an anticipated contribution of 20% to total revenue in its first year[120]

关于召开 2022 年度业绩说明会的公告 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： http://roadshow.sseinfo.com/） 江苏协和电子股份有限公司（以下简称"公司"）已于 2023 年 4 月 18 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了 解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 04 月 25 日下午 13:00-14:00 举行 2022 年度业绩说明会，就投资者关心的问 题进行交流。 证券代码：605258 证券简称：协和电子 公告编号： 2023-005 江苏协和电子股份有限公司 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 04 月 25 日下午 13:00-14:00 （二）会议召开地点: 上海证券交易 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥185,106,714.45, representing a year-on-year increase of 23.70%[5] - The net profit attributable to shareholders for Q3 2022 was ¥20,402,670.84, showing a year-on-year increase of 31.79%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥20,093,548.35, up 36.88% year-on-year[5] - The net profit attributable to shareholders for the year-to-date period decreased by 43.89% to ¥34,325,178.52 compared to the same period last year[5] - Basic and diluted earnings per share for Q3 2022 were both ¥0.2318, reflecting a year-on-year increase of 31.78%[6] - Net profit for the third quarter of 2022 was ¥34,011,069.17, down from ¥62,478,802.25 in the previous year, representing a decrease of about 45.5%[20] - Earnings per share (EPS) for the third quarter was ¥0.3901, compared to ¥0.6951 in the same quarter of 2021, indicating a decline of approximately 43.8%[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥54,910,065.83, an increase of 59.78%[6] - Cash flow from operating activities for the first three quarters was ¥462,509,952.39, an increase from ¥426,550,899.33 in the previous year[22] - Net cash inflow from operating activities was $54,910,065.83, an increase from $34,365,148.50 in the previous year, representing a growth of approximately 60.5%[23] - Total cash inflow from investment activities was $134,306,905.97, compared to $80,167,924.89 in the same period last year, indicating a year-over-year increase of about 67.5%[23] - Net cash outflow from investment activities was -$146,234,106.04, an improvement from -$254,869,794.44 in the previous year, showing a reduction in losses by approximately 42.5%[23] - Cash inflow from financing activities totaled $45,800,000.00, significantly higher than $16,982,505.92 in the prior year, marking an increase of about 170.5%[24] - Net cash outflow from financing activities was -$3,576,780.56, a notable improvement from -$40,871,446.88 in the previous year, reflecting a decrease in outflows by approximately 91.2%[24] - The ending cash and cash equivalents balance was $129,886,204.77, down from $300,693,547.98 in the previous year, representing a decline of about 56.7%[24] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥1,383,269,073.38, down 2.14% from the end of the previous year[6] - Total current assets as of September 30, 2022, amount to ¥807,808,624.07, a decrease from ¥854,384,809.62 at the end of 2021[16] - Total liabilities decreased to ¥246,473,419.89 from ¥287,180,683.72, showing a reduction of about 14.1%[19] - The total equity attributable to shareholders increased to ¥1,134,309,762.84 from ¥1,126,384,584.32, reflecting a growth of approximately 0.7%[19] - Total assets decreased to ¥1,383,269,073.38 from ¥1,413,565,268.04[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,991[13] - The largest shareholder, Zhang Nanguo, holds 15,750,000 shares, representing 17.90% of total shares[13] - The company has a total of 57.06% voting rights controlled by the four largest shareholders[14] Costs and Expenses - Total operating costs increased to ¥480,147,429.14 from ¥444,522,482.21 year-over-year, reflecting a rise of approximately 8.0%[19] - Research and development expenses for the first three quarters were ¥25,737,449.64, slightly up from ¥24,500,083.59 in the previous year[19] - The company reported a financial asset impairment loss of ¥388,606.45, compared to a gain of ¥352,759.68 in the previous year[20] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 1.79%, a decrease of 2.50% compared to the previous year[6] - The company reported a loss of ¥297,315.67 from the disposal of non-current assets during the reporting period[8] - The company attributed the decrease in net profit for the year-to-date period to the impact of the pandemic and rising raw material costs[10] - Cash and cash equivalents decreased to ¥135,009,347.62 from ¥250,408,847.45[16] - Accounts receivable increased to ¥279,236,082.96 from ¥265,056,038.45[16] - Inventory as of September 30, 2022, is ¥192,057,970.79, up from ¥187,851,266.04[17] - Short-term borrowings increased to ¥25,000,000.00 from ¥6,000,000.00[17] - Long-term equity investments increased to ¥8,228,960.55 from ¥6,450,982.51[17] - The deferred income tax liabilities remained stable, with non-current liabilities totaling ¥30,263,531.33, down from ¥33,114,850.12[19] - Cash received from investment recoveries was $130,000,000.00, compared to $75,000,000.00 in the same quarter last year, indicating a growth of approximately 73.3%[23] - Total cash outflow for purchasing fixed assets was $60,011,012.01, a decrease from $130,037,719.33 in the previous year, showing a reduction of about 53.8%[23] - Cash paid for investments was $219,000,000.00, slightly up from $205,000,000.00 in the previous year, reflecting an increase of approximately 6.8%[23] - The impact of exchange rate changes on cash and cash equivalents was $132,607.27, compared to -$29,117.43 in the previous year, indicating a positive shift in currency effects[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥329,757,470.46, a decrease of 9.00% compared to ¥362,364,551.97 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥13,922,507.68, down 69.53% from ¥45,688,660.33 in the previous year[18]. - Basic earnings per share for the first half of 2022 were ¥0.1582, a decrease of 69.53% from ¥0.5192 in the same period last year[19]. - The weighted average return on net assets was 1.23%, down from 4.15% in the previous year[19]. - The company achieved a main business revenue of CNY 329.76 million in the first half of 2022, a year-on-year decrease of 9%[38]. - The net profit attributable to the parent company was CNY 13.92 million, down 69.53% compared to the same period last year[38]. - The company’s product costs were impacted by high raw material prices, particularly copper, and rising energy costs, leading to a decrease in gross profit margin[41]. - The company reported a net loss of RMB 3.94 million for Donghe Electronics, which operates in the PCB SMT assembly and integration business[52]. - The company reported a total of CNY 11,530,000.00 in other equity instrument investments, which was not present in the previous period[136]. - The company reported a total equity attributable to shareholders of CNY 1,126,384,584.32 as of the end of the reporting period[153]. Cash Flow and Assets - The net cash flow from operating activities increased by 15.84% to ¥11,000,499.84, compared to ¥9,496,565.72 in the same period last year[18]. - The total assets at the end of the reporting period were ¥1,420,017,715.63, reflecting a slight increase of 0.46% from ¥1,413,565,268.04 at the end of the previous year[18]. - The company’s financial assets increased by 75% to CNY 105 million due to investments in financial products[42]. - The company’s short-term borrowings rose by 633.33% to CNY 44 million, reflecting increased bank loans[43]. - Cash and cash equivalents decreased to CNY 194,513,084.21 from CNY 250,408,847.45, representing a decrease of approximately 22.3%[136]. - Total liabilities decreased to CNY 277,136,989.88 from CNY 287,180,683.72, a decline of about 3.6%[137]. - Total equity increased to CNY 1,038,106,395.66 from CNY 1,014,727,827.39, showing a growth in shareholder value[142]. Market and Industry Insights - The company primarily engages in the R&D, production, and sales of rigid and flexible printed circuit boards (PCBs), with applications in automotive electronics and high-frequency communications[24]. - The automotive PCB market is projected to grow at a rate of 5%-8% from 2017 to 2022, driven by increasing demand for automotive electronics[25]. - In the first half of 2022, China's new energy vehicle production and sales reached 2.661 million and 2.6 million units, respectively, representing a year-on-year growth of 120%[26]. - The overall automotive industry in China faced a decline, with production and sales down by 3.7% and 6.6% year-on-year in the first half of 2022[27]. - The government aims to build over 600,000 new 5G base stations in 2022, with a total expected to exceed 2 million by the end of the year, supporting the growth of high-frequency communication applications[30][31]. Research and Development - The company’s R&D expenses increased by 3.32% to CNY 17.75 million compared to the previous year[41]. - The company is committed to ongoing research and development in automotive electronics and communication equipment[164]. Environmental Compliance - The company reported that it has been designated as a key pollutant discharge unit in Changzhou for 2022, ensuring compliance with environmental regulations and achieving pollutant discharge standards[66]. - The actual emissions of major pollutants during the reporting period were as follows: waste gas (acid mist) at 0.23 tons/year, waste gas (VOCs) at 0.031 tons/year, and wastewater (production wastewater) at 163,289.21 tons/year, all meeting the control indicators[66]. - The company has established a wastewater treatment facility with a capacity of 3,500 tons/day to ensure compliance with discharge standards[67]. - The company has implemented effective pollution prevention measures to ensure compliance with environmental standards[67]. Shareholder and Governance - The company has a controlling stake of 57.06% held by four individuals, which poses a risk of improper control affecting minority shareholders[57]. - The company held its first temporary shareholders' meeting on March 25, 2022, where several resolutions were passed, including the election of the third board of directors and the supervisory board[59]. - The company appointed several new executives, including Zhang Nanxing as General Manager and Zhang Wei as Chief Financial Officer, during the board restructuring[62]. - The company has committed to a 36-month lock-up period for major shareholders post-IPO, with restrictions on share transfers and management[78]. Strategic Initiatives - The company plans to enhance its production technology and R&D capabilities to maintain competitive advantages in the automotive electronics and high-frequency communications sectors[37]. - The company has established a one-stop service advantage to expand its customer base and improve capacity utilization[39]. - The company plans to accelerate the investment progress of fundraising projects to quickly realize expected benefits, addressing potential dilution of immediate returns[109]. Risks and Challenges - The company faces risks related to market competition in the PCB industry, which is influenced by macroeconomic conditions and has a low concentration of market players[54]. - The company is exposed to raw material price fluctuation risks, as raw materials constitute a significant portion of the main business costs[55]. - The company has recognized the potential risk of declining gross and net profit margins due to increasing market competition and rising costs[56].

Financial Performance - The company's operating revenue for Q1 2022 was ¥158,577,061.52, representing a decrease of 5.84% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥9,415,014.85, down 45.69% year-on-year[5]. - The basic and diluted earnings per share were both ¥0.1070, reflecting a decline of 45.69%[6]. - Operating profit for Q1 2022 was ¥12.86 million, down 41.0% from ¥21.77 million in the same period last year[18]. - Net profit attributable to shareholders for Q1 2022 was ¥9.42 million, a decline of 45.5% compared to ¥17.34 million in Q1 2021[19]. - The net profit excluding non-recurring gains and losses was ¥8,421,605.67, down 48.04% year-on-year[5]. - The decline in net profit was primarily due to the ongoing impact of the COVID-19 pandemic, high raw material prices, rising labor costs, and increased energy prices[9]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥13,593,424.39, indicating a significant cash outflow[5]. - Cash and cash equivalents as of March 31, 2022, were RMB 119,065,090.55, down from RMB 250,408,847.45 as of December 31, 2021, representing a decline of 52.4%[14]. - The company reported a net cash outflow from operating activities of approximately ¥13.59 million in Q1 2022, compared to a net outflow of ¥12.71 million in Q1 2021[22]. - Investment activities resulted in a net cash outflow of approximately ¥106.87 million in Q1 2022, compared to a net outflow of ¥212.16 million in Q1 2021[23]. - Total assets at the end of the reporting period were ¥1,361,326,392.45, a decrease of 3.70% from the end of the previous year[6]. - Total current assets decreased to RMB 789,380,626.90 from RMB 854,384,809.62, a reduction of 7.6%[14]. - Total assets as of March 31, 2022, were RMB 1,361,326,392.45, down from RMB 1,413,565,268.04, a decrease of 3.7%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,681[10]. - The top shareholder, Zhang Nanguo, held 15,750,000 shares, accounting for 17.90% of the total shares[11]. Liabilities and Equity - Total liabilities decreased to RMB 223,397,057.52 from RMB 287,180,683.72, a reduction of 22.2%[16]. - The company’s retained earnings increased to RMB 431,332,554.42 from RMB 421,917,539.57, an increase of 2.0%[16]. - The weighted average return on equity decreased by 0.74 percentage points to 0.83%[6]. Inventory and Expenses - Inventory increased to RMB 192,516,920.94 from RMB 187,851,266.04, an increase of 2.0%[15]. - The company incurred research and development expenses of ¥8.47 million in Q1 2022, a decrease of 21.4% from ¥10.77 million in Q1 2021[18]. - Total operating costs for Q1 2022 were approximately ¥148.44 million, slightly up from ¥147.99 million in Q1 2021[18].

Financial Performance - The company's operating revenue for 2021 was ¥734,067,052.23, representing a 19.20% increase compared to ¥615,831,696.58 in 2020[21] - The net profit attributable to shareholders for 2021 was ¥78,122,104.62, a decrease of 14.75% from ¥91,640,835.41 in 2020[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥68,129,663.54, down 21.80% from ¥87,120,685.43 in 2020[21] - The net cash flow from operating activities increased by 55.44% to ¥62,407,063.13 from ¥40,149,578.41 in 2020[21] - The total assets at the end of 2021 were ¥1,413,565,268.04, reflecting a 3.49% increase from ¥1,365,939,638.51 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were ¥1,126,384,584.32, a 3.13% increase from ¥1,092,243,586.29 at the end of 2020[21] - The company achieved a total revenue of 734 million yuan in 2021, representing a year-on-year growth of 19.20%[34] - The main business revenue reached 714 million yuan, with a year-on-year increase of 17.26%[32] - Basic and diluted earnings per share were both 0.89 yuan, down 34.12% from 1.3510 yuan in 2020[22] - The weighted average return on equity decreased to 7.04%, down 8.93 percentage points from 15.97% in 2020[22] - The company's gross profit margin decreased by 7.89 percentage points to 23.39%[61] Cash Flow and Investments - The company’s cash flow from operating activities showed a net inflow of 28 million yuan in the fourth quarter[25] - The company invested a total of 311 million yuan in fundraising projects by the end of 2021, with the first phase fully operational[35] - The company’s cash flow from operating activities increased by 55.44% year-on-year, reaching 62.41 million yuan[58] - Operating cash inflow increased by 56.32% to 713,562,190.51, while operating cash outflow rose by 56.40% to 651,155,127.38[76] - The company’s investment activities resulted in a net cash outflow of -101,416,819.71, primarily due to increased purchases of financial products[76] Market and Industry Trends - The global PCB market value increased from $58 billion in 2017 to $70.51 billion in 2021, with a projected compound annual growth rate (CAGR) of 5.3% from 2021 to 2026[38] - The PCB market in mainland China grew from $29.732 billion in 2017 to $37.328 billion in 2021, with an expected CAGR of 5.43% from 2021 to 2026[39] - The automotive PCB market is projected to grow at a rate of 5%-8% from 2017 to 2022, making it one of the fastest-growing segments in the PCB industry[41] - The demand for PCBs in electric vehicles is significantly higher than in traditional vehicles, with a forecasted increase in automotive electronicization rate from 4.8% (2010-2020) to 15.2% (2020-2030)[45] Operational Challenges - The company's sales revenue showed positive growth, but net profit slightly declined due to rising costs of raw materials, with direct material costs per square meter increasing by 7.64% and direct labor costs by 6.20%[37] - The price of raw materials for the PCB industry is at a historical high, with direct material costs expected to rise to nearly 60% of total costs due to increased prices[49] - Major raw material costs, including copper-clad laminates and inks, significantly impact the company's production costs, with raw materials accounting for a large proportion of the main business costs[95] - The company is at risk of declining gross and net profit margins due to intensified market competition, falling product prices, and rising raw material and labor costs[96] Research and Development - Research and development expenses increased by 16.47% year-on-year, totaling 33.71 million yuan[58] - The company introduced 7 new utility model patents and 2 design patents in 2021[54] - The number of R&D personnel was 160, representing 15.64% of the total workforce, indicating a strong focus on innovation[74] - The company has developed and is supplying new products such as vehicle-mounted millimeter-wave radar and new energy vehicle instrument assemblies, aiming to provide comprehensive product services to clients[36] Corporate Governance and Management - The company has established a governance structure to ensure shareholder interests are maximized, adhering to relevant laws and regulations[100] - The actual controllers of the company hold 57.06% of the voting rights, which poses a risk of potential misuse of control that could harm minority shareholders[98] - The company has a compensation and assessment committee that proposes remuneration for directors and senior management[110] - The company has established a salary and assessment system based on industry averages and individual performance[111] - The management team is focused on strategic initiatives to enhance shareholder value and operational efficiency moving forward[105] Environmental Responsibility - The company was listed as a key pollutant discharge unit in Changzhou for 2021, ensuring compliance with environmental regulations and achieving pollutant discharge standards[140] - The actual emissions of major pollutants were within the control indicators, including waste gas (acid mist) at 0.246 tons/year against a limit of 0.543 tons/year, and wastewater (production wastewater) at 183,332.54 tons/year against a limit of 217,721.68 tons/year[140] - The company has implemented a dynamic environmental monitoring system and continuously improves its environmental management system to enhance compliance with environmental policies[148] - The company has committed to producing 100% environmentally friendly products and integrating environmental safety requirements into its core business activities[141] Shareholder Commitments and Lock-up Period - The lock-up period for shareholders will automatically extend by 6 months if there are any dividend distributions, stock splits, or capital increases during the period[154] - Shareholders are prohibited from transferring or entrusting the management of their shares for 36 months from the date of stock issuance[155] - The company commits to not transferring its shares until it fulfills its obligations if it fails to meet its commitments[185] - The controlling shareholders pledge to hold their shares for 36 months post-IPO without reduction[166] Social Responsibility - The company donated 100,000 yuan to local government departments to support education and improve the educational environment, reflecting its commitment to social responsibility[149]

2021 年第三季度报告 证券代码：605258 证券简称：协和电子 江苏协和电子股份有限公司 2021 年第三季度报告 | 项目 | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 149,640,508.54 | -3.57 | 512,005,060.51 | 19.50 | | 归属于上市公司股东的 | 15,480,712.51 | -8.77 | 61,169,372.84 | -1.97 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 14,679,859.78 | -6.45 | 56,688,365.08 | -5.68 | | 利润 | | | | | 1 / 12 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 362,364,551.97, representing a 32.61% increase compared to CNY 273,259,808.40 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 45,688,660.33, a slight increase of 0.57% from CNY 45,431,903.12 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 42,008,505.30, a decrease of 5.41% from CNY 44,412,086.50 in the same period last year[17]. - The basic earnings per share decreased by 24.58% to CNY 0.5192, compared to CNY 0.6884 in the same period last year[18]. - The weighted average return on net assets was 4.15%, down from 8.98% in the previous year, indicating a decline in profitability[18]. - The company achieved a revenue of 36,236.46 million RMB in the first half of 2021, representing a year-on-year growth of 32.61%, with the main business revenue increasing by 31.18% to 35,495.01 million RMB[35]. - The company reported a revenue of CNY 135.73 million and a profit of CNY 8.21 million for the PCB SMT assembly business[53]. - The company reported a total profit for the first half of 2021 of CNY 39,260,594.50, a decrease of 9.5% from CNY 43,193,346.49 in the same period of 2020[123]. Cash Flow and Investments - The net cash flow from operating activities decreased by 45.81% to CNY 9,496,565.72, down from CNY 17,526,093.31 in the same period last year[17]. - The company reported a net cash flow from investment activities of CNY -189,287,645.01, compared to CNY -44,883,571.52 in the previous year, indicating increased investment outflows[17]. - The company’s operating cash flow decreased by 45.81% to 9,496,565.72 RMB, primarily due to increased raw material inventory and capacity expansion[41]. - The company reported a cash and cash equivalents net decrease of CNY 220,448,684.73 for the first half of 2021, compared to a decrease of CNY 9,952,918.45 in the same period of 2020[126]. - Cash inflow from operating activities totaled CNY 307,562,486.46, an increase of 45.4% compared to CNY 211,565,801.53 in the first half of 2020[125]. - Cash outflow from investment activities totaled CNY 264.36 million, significantly higher than CNY 41.50 million in the first half of 2020, resulting in a net cash outflow of CNY 186.29 million[128]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,370,047,174.55, showing a 0.30% increase from CNY 1,365,939,638.51 at the end of the previous year[17]. - The company reported total current assets of ¥876,737,133.25 as of June 30, 2021, a decrease of 6.0% from ¥932,826,477.59 on December 31, 2020[109]. - The company’s total assets reached ¥1,184,308,247.63, up from ¥1,158,527,354.36, marking a 2.2% increase[116]. - Total liabilities rose to ¥201,518,332.49, compared to ¥166,626,189.82 at the end of the previous period, reflecting a 20.9% increase[116]. - The total liabilities amounted to ¥277,676,439.50, up from ¥264,957,363.97, indicating a growth of approximately 4.5%[111]. Research and Development - The company has established a comprehensive R&D system, holding 6 invention patents and 75 utility model patents, reflecting its commitment to technological innovation[32]. - Research and development expenses increased to ¥17,176,405.50, a 49.5% rise compared to ¥11,457,922.22 in the first half of 2020[118]. Environmental Responsibility - The company has achieved stable operation of its environmental protection facilities, ensuring compliance with emission standards during the reporting period[62]. - The company has obtained ISO14001:2015 environmental management system certification, demonstrating its commitment to environmental protection[62]. - The company has established a comprehensive emergency response plan for environmental incidents and has conducted emergency drills as required[65]. - The company has implemented a self-monitoring plan for environmental indicators, with regular monitoring conducted by qualified third-party units[66]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[67]. Shareholder and Stock Information - The lock-up period for shareholders is set at 36 months from the date of stock issuance, with a subsequent 2-year period for any share reduction at a price not lower than the issuance price[71]. - The company will retain any capital gains from violations of the lock-up commitments by shareholders[72]. - The controlling shareholders have committed to holding their shares for 36 months post-IPO without reduction[79]. - The company plans to implement stock repurchase measures if the stock price falls below the audited net asset value for 20 consecutive trading days[82]. - The company commits to a profit distribution policy that emphasizes reasonable returns to investors while ensuring long-term sustainable development, allowing for cash, stock, or a combination of both as profit distribution methods[88]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[89]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[88]. - The company has not disclosed any major contracts or their performance during the reporting period, indicating no significant contractual obligations[92]. Market Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[120]. - The company continues to focus on the automotive and high-frequency communication sectors, enhancing market share and profitability potential[30].

江苏协和电子股份有限公司 2021 年第一季度报告 公司代码：605258 公司简称：协和电子 江苏协和电子股份有限公司 2021 年第一季度报告 1 / 20 | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 6 | | 四、 附录 | 8 | 江苏协和电子股份有限公司 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 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 | 1,407,651,228.31 | 1,365,939,638.51 | | 3.05 | | 归属于上市公司 | 1,109,580,643.65 | 1,092,243,586.29 | | 1.59 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -12,70 ...