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 ...

Financial Performance - The company's operating revenue for 2020 was CNY 615,831,696.58, representing a 13.54% increase compared to CNY 542,378,962.03 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 91,640,835.41, a decrease of 15.95% from CNY 109,031,302.66 in 2019[20] - The basic earnings per share for 2020 was CNY 1.3510, down 18.22% from CNY 1.6520 in 2019[22] - The total annual revenue for 2020 was approximately CNY 516.92 million, with a net profit attributable to shareholders of CNY 91.67 million[25] - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 87,120,685.43, down 14.31% from CNY 101,672,485.17 in 2019[20] - The company's main business revenue increased by 13.18% year-on-year, while the main business cost rose by 21.78%, resulting in a comprehensive gross profit margin decrease of 4.85% compared to the previous period[50] Cash Flow and Assets - The net cash flow from operating activities decreased by 71.61% to CNY 40,149,578.41 in 2020 from CNY 141,415,828.22 in 2019[20] - The total assets at the end of 2020 were CNY 1,092,243,586.29, a decrease of 20.00% from CNY 1,365,939,638.51 at the end of 2019[21] - The company's operating cash flow net amount was CNY 40.15 million, down 71.61% from the previous year[48] - The net cash flow from investing activities was primarily due to increased fixed asset investments[49] - The company reported a net cash outflow from investment activities of ¥252,808,373.13, a significant increase compared to the previous period[67] Dividends and Shareholder Commitments - The company plans to distribute a cash dividend of CNY 5 per 10 shares, totaling CNY 44,000,000[4] - In 2020, the company distributed cash dividends amounting to 44 million RMB, representing 48.01% of the net profit attributable to ordinary shareholders[96] - The actual controllers and major shareholders of the company have committed to not transferring or entrusting the management of their shares for 36 months from the date of listing, with an additional 2-year lock-up period thereafter[101] - The commitments are designed to ensure stability in the company's share price and prevent excessive selling immediately after the IPO[103] Market Position and Industry Trends - The company maintains a strong focus on high-end PCB products, particularly in automotive electronics and high-frequency communications, which are expected to grow due to increasing consumer demands[31] - The global PCB industry is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2019 to 2024, driven by advancements in technology such as 5G and AI[31] - The automotive PCB market is anticipated to grow at a rate of 5%-8% from 2017 to 2022, driven by the increasing use of PCBs in vehicles[77] - The expected market value of China's PCB industry is projected to reach $40.56 billion by 2023, with a CAGR of approximately 4.4% from 2018[79] Production and Efficiency - The average delivery time for automotive boards is approximately 15 days, while high-frequency boards average around 7 days, showcasing the company's efficiency in production[33] - The production volume of printed circuit boards was 619,157.22 square meters, with sales volume at 594,814.77 square meters, reflecting a production increase of 28.53% and a sales increase of 17.85% year-on-year[55] - The company has implemented a strict and efficient production management system, improving operational efficiency and product quality[40] Research and Development - The company focuses on R&D in automotive and high-frequency communication fields, continuously expanding its product offerings and market reach[42] - Research and development expenses amounted to 28,943,753.99 yuan, representing 4.70% of total operating revenue, with 137 R&D personnel accounting for 12.16% of the total workforce[65] - The company has received multiple honors, including recognition as a high-tech enterprise, reflecting its commitment to innovation and quality[38] Environmental Compliance - The company emphasizes environmental protection and compliance with regulations, investing in sustainable practices to mitigate environmental risks[88] - The company has obtained the ISO14001:2015 environmental management system certification, ensuring adherence to environmental standards[140] - The company has implemented advanced wastewater treatment and air pollution control facilities, ensuring stable operation and compliance with emission standards[140] Governance and Management - The company has established a transparent profit distribution policy to protect the interests of minority shareholders, ensuring continuity and stability in dividend payments[94] - The total remuneration payable to directors, supervisors, and senior management during the reporting period amounted to 5.2761 million yuan (pre-tax)[173] - The company has not faced any penalties from securities regulatory authorities in the past three years[174] Employee Structure and Training - The total number of employees in the parent company and major subsidiaries is 1,127, with 830 in the parent company and 297 in subsidiaries[175] - The company conducted a total of 126 training courses, with an average training duration of 8.5 hours per employee[178] - The pass rate for job competency assessments reached 99.5%, effectively meeting personnel allocation needs while ensuring product quality[179]