重要内容提示： （网址：http://roadshow.sseinfo.com/） 会议召开方式：视频和线上文字互动 投资者可于 5 月 16 日（星期二）16:00 前通过邮件、电话等形式将需要了解 和关注的问题提前提供给公司。公司将在文字互动环节对投资者普遍关注的问题 进行回答。 证券代码：688001 证券简称：华兴源创 公告编号：2023-022 苏州华兴源创科技股份有限公司 关于参加 2022 年度集体业绩说明会的公告 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法律责任。 苏州华兴源创科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日发布公司 2022 年年度报告，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、发展理念，公司参与了由上交所主办的 2022 年度集 体业绩说明会。此次活动将采用视频和网络文字互动的方式举行，投资者可登录 上海证券交易所上证路演中心（http://roadshow.sseinfo.com/）参与线上互动 交流。 一、说明会类型 本次投资者说明会以视 ...

证券代码：688001 证券简称：华兴源创 苏州华兴源创科技股份有限公司投资者关系活动记录表 编号： 2022-002 | --- | --- | --- | |-----------------------------|-------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动 类别 | ■特定对象调研 □分析师会议 \n□媒体采访 \n□新闻发布会 □路演活动 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥566,515,438.68, a decrease of 3.07% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥133,285,855.81, an increase of 2.54% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥126,988,824.27, reflecting a 3.72% increase compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 reached ¥1,668,510,321.38, an increase of 16.7% compared to ¥1,429,876,382.64 in the same period of 2021[42]. - Net profit for the third quarter of 2022 was ¥304,762,898.19, compared to ¥270,895,137.03 in the previous year, marking an increase of 12.5%[44]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥5,382,014,033.73, representing a 4.50% increase from the end of the previous year[9]. - The total assets of the company increased to ¥5,382,014,033.73 from ¥5,150,193,613.80, representing a growth of 4.5%[42]. - The company's total liabilities decreased slightly to ¥1,607,371,108.41 from ¥1,618,455,597.93, a decline of 0.5%[39]. - The equity attributable to shareholders rose to ¥3,774,642,925.32 from ¥3,531,738,015.87, an increase of 6.9%[39]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥15,695,275.15, showing a significant decrease of 37.19% compared to the same period last year[9]. - The total cash inflow from operating activities was CNY 1,645,158,972.63, compared to CNY 1,335,119,095.06 in the previous year, marking an increase of approximately 23.2%[50]. - The net cash flow from financing activities was negative at CNY -109,571,490.83, compared to a positive CNY 1,596,285.49 in the same period last year[52]. - The company's cash and cash equivalents at the end of the period amounted to CNY 1,179,437,777.81, up from CNY 789,601,968.29 at the end of the previous year[52]. Research and Development - Research and development expenses totaled ¥102,037,758.80, accounting for 18.01% of operating revenue, which is an increase of 1.30 percentage points year-on-year[9]. - Research and development expenses amounted to ¥276,670,013.42, up from ¥238,429,328.69, indicating a rise of 16%[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,563, with the largest shareholder holding 52.42% of the shares[22]. - The top ten shareholders include Suzhou Yuanhua Chuangxing Investment Management Co., Ltd., holding 230,976,000 shares, accounting for 52.42%[22]. Other Financial Metrics - The basic earnings per share for Q3 2022 was ¥0.30, while diluted earnings per share was ¥0.29, a decrease of 3.33% compared to the previous quarter[9]. - The weighted average return on equity was 3.53%, a decrease of 0.49 percentage points compared to the previous year[9]. - The company reported a financial expense of -¥58,786,514.71, compared to -¥10,559,487.01 in the previous year, indicating a significant increase in financial costs[42]. - The total comprehensive income for the period attributable to the parent company reached CNY 307,448,665.43, an increase from CNY 269,292,500.47 in the previous year, representing a growth of approximately 14.5%[47]. - Basic earnings per share increased to CNY 0.69 from CNY 0.62, reflecting a growth of about 11.3% year-over-year[47]. Inventory and Impairment - Inventory as of September 30, 2022, was 599,230,318.64, up from 494,746,022.14 in the previous year[33]. - The company reported an asset impairment loss of 138.21 million, primarily due to inventory write-downs[21]. Government Subsidies and Other Gains - The company reported a government subsidy of ¥2,443,481.36 recognized in the current period, contributing to non-recurring gains[9]. - The company experienced a foreign exchange gain of CNY 56,251,712.49, compared to CNY 1,022,037.92 in the previous year, indicating a significant increase in foreign exchange impact[52]. Cash Flow from Investments - Cash inflow from investment activities totaled CNY 2,593,405,909.07, significantly higher than CNY 1,433,843,712.14 in the previous year, indicating a growth of approximately 81%[50]. - The company reported a significant increase in cash received from investment recoveries, totaling CNY 2,566,900,500.00, compared to CNY 1,415,954,575.04 in the previous year, representing an increase of about 81.2%[50].

Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2022, representing a year-on-year increase of 20%[2]. - The company's revenue for the first half of 2022 reached ¥1,101,994,882.70, representing a 30.35% increase compared to ¥845,443,481.71 in the same period last year[28]. - The net profit attributable to shareholders for the first half of 2022 was ¥171,477,042.38, up 21.69% from ¥140,911,037.70 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥153,448,549.36, reflecting a 16.13% increase from ¥132,134,967.12 year-on-year[28]. - The gross profit margin for the first half of 2022 was reported at 45%, a slight increase from 42% in the same period last year[2]. - The company's operating revenue increased by 30.35% compared to the same period last year, driven by significant growth in automation testing equipment and automotive electronics testing business[32]. - The basic earnings per share rose to 0.39 yuan, reflecting a 21.88% increase year-on-year[32]. - The weighted average return on equity increased by 0.39 percentage points to 4.74%[32]. User Growth and Market Expansion - User data indicates a growth in active users by 15%, reaching a total of 3 million active users by June 30, 2022[2]. - User data showed a 30% increase in active users, totaling 1.2 million by the end of Q2 2022[44]. - The company expects a revenue growth forecast of 25% for the second half of 2022, driven by new product launches and market expansion strategies[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[2]. - The company is expanding its market presence in Europe, targeting a 15% market share by the end of 2023[44]. - The company is actively expanding its market presence and enhancing its product offerings to maintain a competitive edge in the global testing industry[38]. Research and Development - Investment in R&D increased by 30% compared to the previous year, focusing on Micro-LED and Mini-LED technologies[2]. - The company achieved a total R&D investment of ¥174,632,254.62, representing a year-on-year increase of 24.04%[140]. - R&D investment accounted for 15.85% of total revenue, a decrease of 0.80 percentage points compared to the previous year[140]. - The company has applied for a total of 164 domestic and international intellectual property rights, with 154 newly approved during the reporting period, indicating significant research achievements[134]. - The company has established a research and development team of over 800 people, with a research personnel ratio of 37.24%[164]. Product Development and Innovation - The company has launched a new product line in the AI-driven inspection technology sector, aiming to capture a growing market demand[2]. - New product development includes the launch of the Veridia n-BMS series testing equipment, which integrates multiple testing functions and supports high-precision measurements[45]. - The company launched new products, including the H series 8K/5G signal testing machine, capable of driving up to 7 pieces of 8K ultra-high-resolution modules[39]. - The Aging90UP series equipment can simultaneously test up to 90 MicroOLED products, enhancing production efficiency[48]. - The SPUC series Demura testing equipment has improved Mura detection and repair processes, significantly reducing testing time by 40%[48]. - The company has developed a complete Mura compensation technology for flexible OLED, achieving a Mura level of less than 3% and a compensation pass rate of approximately 98%[115]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local tech firm is in progress, expected to enhance the company's capabilities in automation technology[2]. - A strategic acquisition of a smaller tech firm is expected to enhance the company's capabilities in automated testing solutions, projected to contribute an additional $20 million in revenue next year[44]. - The company has established a stable trust barrier with major end customers, including Apple, by meeting strict supply chain management standards[170]. - The company has formed mature testing solutions for electric vehicle components, including vehicle control units, charging guns, and high-voltage battery performance testing[99]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is actively working on mitigation strategies[2]. - The company faces risks related to high customer concentration, particularly with major clients like Apple, which significantly impacts its revenue stability[179]. - The company's net accounts receivable at the end of the reporting period amounted to 1,220.98 million yuan, posing a risk of increased bad debts if major clients experience significant adverse changes in credit status[188]. - The company faces risks from fluctuations in exchange rates, particularly as it uses USD for exports and JPY for imports, which could impact performance if significant volatility occurs[190]. - The prices of key raw materials, including mechanical components and electronic parts, have shown volatility, and significant short-term price increases could adversely affect operating performance[191]. Operational Efficiency - The company maintains a "sales-driven production + reasonable inventory" model, ensuring timely delivery based on customer orders and forecasts[73]. - The company has established a comprehensive supplier management and evaluation system, regularly assessing suppliers based on quality, delivery time, and other factors[71]. - The company is advancing its digital transformation by optimizing business processes and developing proprietary management software, enhancing operational efficiency[175]. Market Trends and Industry Insights - The global flat panel display testing industry is experiencing stable growth, driven by the increasing demand for new display technologies such as OLED and Micro-LED[80]. - The semiconductor testing equipment market in mainland China is expected to see steady growth, with increasing demand for domestic equipment due to supply chain security considerations[85]. - The wearable electronics market is expected to maintain high growth rates due to increasing health awareness among consumers, driven by the COVID-19 pandemic[89]. - The domestic semiconductor testing equipment market is seeing a shift towards local alternatives, with a significant increase in the domestic replacement rate for mid-to-low-end analog testers and sorting machines[105].

2022 年第一季度报告 证券代码：688001 证券简称：华兴源创 苏州华兴源创科技股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | |-----------------------------------------------|-------|-----------------|-------------------------------------| | | | 单位：元 | 币种：人民币 | | 项目 | | 本报告期 | 本报告期比上年同 期增减变动幅度 (%) | | 营 ...

Dividend and Profitability - The company plans to distribute a cash dividend of 2.15 RMB per 10 shares, totaling approximately 94.47 million RMB, which represents 30.09% of the net profit attributable to shareholders for 2021[7]. - The company has not achieved profitability since its listing, indicating ongoing investment and growth strategies[5]. - The company has not proposed any capital reserve transfers to increase share capital or stock dividends for 2021[7]. - The company's net profit attributable to shareholders was ¥313,971,734.14, an increase of 18.43% from the previous year[41]. - The net profit after deducting non-recurring gains and losses increased by 32.15% to ¥287,831,134.49[41]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a 25% year-over-year growth[23]. - In 2021, the company's operating revenue reached ¥2,020,205,931.31, representing a growth of 20.43% compared to 2020[37]. - The company's total assets grew by 41.28% to ¥5,150,193,613.80 by the end of 2021[37]. - Basic earnings per share rose by 12.5% to ¥0.72, while diluted earnings per share also increased by the same percentage[37]. - The cash flow from operating activities decreased by 20.38% to ¥264,941,463.97, primarily due to increased inventory levels in response to global semiconductor shortages[41]. Research and Development - The company is investing 100 million CNY in R&D for new technologies, focusing on OLED and micro-OLED advancements[23]. - Research and development expenses accounted for 17.46% of operating revenue, up from 15.06% in 2020, indicating a focus on innovation[37]. - The company applied for a total of 339 intellectual property rights in 2021, with 292 newly approved, indicating significant research achievements[158]. - The R&D team has grown to 827 personnel, representing 39.01% of the total workforce, with an increase in average salary for R&D personnel to 29.65万元 from 27.62万元[185]. - The company has developed a modular and standardized hardware testing platform for vehicle body controllers, capable of simulating various load combinations and driving signals for new energy vehicles[157]. Market Expansion and Strategy - The company is expanding its market presence, targeting an increase in market share by 10% in the Asia-Pacific region over the next year[23]. - The company has established a domestic sales team to actively explore high-quality domestic customers in the new energy vehicle sector, receiving recognition from relevant clients by the end of the reporting period[123]. - The company aims to expand its market share in domestic semiconductor testing equipment by providing comprehensive testing solutions with competitive pricing[21]. - The company has established stable partnerships with leading flat panel manufacturers such as Samsung, Sharp, LG, BOE, and JDI, ensuring high-quality and efficient product delivery[194]. - The company has a comprehensive product layout across four major business divisions, supported by a rich customer base and strong technical reserves[193]. Product Development and Innovation - New product development includes the launch of a next-generation display technology, expected to enhance performance by 30% over current models[23]. - The company has developed a second-generation SOC testing machine that enhances performance and adds multiple mixed-signal boards, meeting the needs of high-end MCU and complex SOC chip testing[120]. - The company has developed a comprehensive FCT/EOL testing system for new energy vehicle controllers, which meets most testing requirements in the new energy vehicle sector[90]. - The company has developed a high-precision, high-density isolated source measurement unit technology based on the PXIe platform, achieving international leading levels in accuracy and isolation channel count[21]. - The company has developed a complete Mura compensation technology for flexible OLED displays, achieving a Mura rate of less than 3% and a compensation pass rate of around 98%[139]. Risks and Challenges - The company has outlined potential risks in its management discussion, urging investors to pay attention to these factors[5]. - The company emphasizes the uncertainty of forward-looking statements regarding future plans and strategies, highlighting investment risks[8]. - The company has faced risks related to high customer concentration and potential impacts on revenue if major clients' operational conditions deteriorate[200]. - The company has maintained a low asset-liability ratio while achieving steady growth in asset scale[54]. - The company has successfully reduced production costs by 15% through improved manufacturing processes and supply chain optimization[23]. Technology and Equipment - The company has developed a micro-crack detection device based on deep learning, capable of detecting 0.5-micron level micro-cracks and rainbow patterns during laser cutting[66]. - The company has developed a wireless Bluetooth headset airtightness testing device, which is expected to reduce labor costs and improve production efficiency[24]. - The company has developed a high-speed touch screen matrix capacitive testing technology, supporting up to 160 touch channels, filling a gap in domestic touch screen testing capabilities[8]. - The company has developed a non-standard EDP high-speed communication protocol technology with a bandwidth of 8.1 Gbps, meeting various customer requirements and achieving industry-leading status[4]. - The company has developed a multi-level POGO to Bladepin signal transmission technology, addressing the high-speed signal transmission needs for TFTLCD/OLED/MicroOLED products[152].

Financial Performance - The company's revenue for Q3 2021 was ¥584,432,900.93, unchanged from the same period last year, while the year-to-date revenue reached ¥1,429,876,382.64, representing a 20% increase year-over-year[5]. - Net profit attributable to shareholders for Q3 2021 was ¥129,984,099.33, a 15.92% increase compared to the same period last year, with a year-to-date net profit of ¥270,895,137.03, up 19.32% year-over-year[5]. - The company achieved a revenue growth of 20.00% compared to the same period last year, driven by significant advancements in product applications and market expansion[34]. - Net profit attributable to shareholders reached RMB 271 million, representing a year-on-year increase of 19.30%[35]. - Total operating revenue for the first three quarters of 2021 reached ¥1,429,876,382.64, a 19.97% increase from ¥1,191,538,836.33 in the same period of 2020[46]. - Net profit for the first three quarters of 2021 was ¥270,895,137.03, compared to ¥227,029,814.49 in 2020, reflecting an increase of 19.3%[49]. - Basic earnings per share for the first three quarters of 2021 were ¥0.62, up from ¥0.55 in the same period of 2020[52]. Research and Development - R&D expenses totaled ¥97,644,683.15 in Q3 2021, an increase of 17.28% year-over-year, accounting for 16.71% of revenue, which is an increase of 2.46 percentage points[7]. - R&D expenses increased by 74.78 million RMB compared to the same period last year, reflecting the company's ongoing investment in semiconductor and new energy vehicle sectors[23]. - Research and development expenses for the first three quarters of 2021 totaled ¥238,429,328.69, an increase from ¥163,644,465.91 in 2020, highlighting a focus on innovation[46]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,244,946,585.45, a 16.45% increase from the end of the previous year[7]. - The total assets of the company as of September 30, 2021, amounted to RMB 4.24 billion, an increase from RMB 3.65 billion at the end of 2020[41]. - Total liabilities amounted to ¥847,353,707.47, up from ¥477,521,141.22 in the previous year, indicating increased leverage[46]. - Total current liabilities amounted to approximately $445.94 million[62]. - Total liabilities reached approximately $477.52 million, a decrease from $501.01 million[62]. - The company recorded an undistributed profit of approximately $493.70 million[62]. Cash Flow - The company reported a net cash flow from operating activities of ¥24,987,366.85 year-to-date[7]. - Net cash flow from operating activities increased by 70.56 million RMB compared to the same period last year, attributed to improved collection management[23]. - Cash flow from operating activities for the first three quarters of 2021 was ¥1,335,119,095.06, compared to ¥932,918,682.73 in 2020, indicating a significant increase[54]. - The net increase in cash and cash equivalents was -138,446,962.42, contrasting with an increase of 263,685,066.92 in the prior period[57]. Inventory and Receivables - Accounts receivable increased by 26.74% compared to the beginning of the year, primarily due to expanded sales and outstanding credit terms[17]. - Inventory increased by 123.99% compared to the beginning of the year, mainly due to unfinished products awaiting customer acceptance and increased stock of core raw materials[17]. - The company’s inventory increased to RMB 574.60 million from RMB 256.53 million year-on-year, indicating a strategic buildup in production capacity[38]. Financing Activities - The company is expected to raise RMB 800 million through the issuance of convertible bonds, with projects including the development of new intelligent automation equipment and semiconductor testing devices[35]. - Cash inflow from financing activities totaled 120,553,625.59, a significant increase from 20,000,000.00 in the previous period[57]. - Cash outflow from financing activities was 118,957,340.10, compared to 74,389,333.33 previously, leading to a net cash flow from financing activities of 1,596,285.49, an improvement from -54,389,333.33[57]. Other Financial Metrics - The weighted average return on equity was 4.02%, a decrease of 0.28 percentage points compared to the same period last year[7]. - Financial expenses decreased by 18.79 million RMB compared to the same period last year, mainly due to increased interest income[23]. - Investment income decreased by 6.38 million RMB compared to the same period last year, primarily due to reduced financial returns from raised funds[23]. - The company reported a total comprehensive income of ¥269,292,500.47 for the first three quarters of 2021, compared to ¥224,409,542.97 in 2020, reflecting overall financial health[51].

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 25%[2] - The net profit for the period was 300 million RMB, up 30% compared to the same period last year[2] - The company reported a revenue of 688 million CNY for the first half of 2021, representing a year-over-year increase of 25%[22] - The gross profit margin improved to 35%, up from 30% in the same period last year[22] - The company's operating revenue for the first half of the year reached ¥845,443,481.71, representing a 39.26% increase compared to ¥607,096,139.02 in the same period last year[30] - Net profit attributable to shareholders was ¥140,911,037.70, up 22.64% from ¥114,893,491.87 year-on-year[30] - The net profit after deducting non-recurring gains and losses increased by 31.89%, amounting to ¥132,134,967.12 compared to ¥100,183,197.52 in the previous year[30] - The company has set a performance guidance of 1.5 billion CNY in revenue for the full year 2021, reflecting a growth target of 20%[22] - The company achieved a revenue of 84,544.35 million yuan, representing a 39.26% increase compared to the same period in 2020[161] - The net profit attributable to shareholders reached 14,091.10 million yuan, reflecting a growth of 22.64% year-on-year[161] Research and Development - The company has allocated 200 million RMB for R&D in the next fiscal year, focusing on advanced automation technologies[2] - The company is investing 50 million CNY in R&D for advanced display technologies, including Micro-OLED and MEMS[22] - R&D expenses increased significantly to ¥140,784,645.54, a 75.13% increase from ¥80,388,108.43 in the previous period[128] - Total R&D investment accounted for 16.65% of operating revenue, up from 13.24%, reflecting a 3.41 percentage point increase[128] - The increase in R&D investment is attributed to personnel salary growth and material costs, along with the consolidation of Huaxing Oulitong, which has substantial R&D expenditures[129] - The company aims to enhance its semiconductor testing capabilities and reduce reliance on imports through the development of advanced testing technologies[134] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2022[2] - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[22] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB earmarked for this purpose[2] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 100 million CNY allocated for this purpose[22] - The company is expanding into new industry markets, such as automotive electronics, to increase sales scale and diversify operational risks, requiring substantial investment in resources[177] User Growth and Engagement - User data showed an increase in active users by 15%, reaching a total of 1.5 million users[2] - User data indicates a 40% increase in active users for the company's products compared to the previous year[22] Risks and Challenges - The management highlighted risks related to supply chain disruptions, which could impact production timelines[2] - The company faces risks related to high customer concentration, with over 50% of revenue derived from major client Apple during the reporting period[169] - The company's net accounts receivable at the end of the reporting period amounted to 913.24 million yuan, posing a risk of increased bad debts if customer credit conditions deteriorate[179] - The company's inventory net amount at the end of the reporting period was 568.67 million yuan, with potential risks of inventory impairment if customer orders are canceled or adjusted[180] - The company faces significant pressure in quality control due to the complexity of production processes and the high degree of customization in its products, which could adversely affect brand image and operational performance[173][189] Product Development and Innovation - New product development includes a Micro-LED technology that is expected to launch in Q4 2021, aiming to capture a growing segment of the display market[2] - The company introduced the ICM-12M series luminance and chromaticity meter, which features automated brightness and chromaticity measurement capabilities, enhancing measurement efficiency[45] - The Aging-90UP series is a semi-automated device for high-temperature curing and electrical testing of Micro OLED products, capable of handling up to 90 products simultaneously[51] - The company has developed a complete Mura compensation technology for flexible OLED, achieving a Mura level of less than 3% and a compensation pass rate of approximately 98%[110] - The company has developed a MicroOLED display driver detection technology, currently in the prototype verification stage, which meets the high-speed signal transmission requirements for MicroOLED displays[17] Partnerships and Client Relationships - The company has established strong partnerships with major global clients, including Apple, Samsung, and Sony, enhancing its competitive position in the market[91] - The company has established a stable trust barrier with major end customers, including Apple, which has been a qualified supplier since 2013[156] - The company has formed strong partnerships with major panel manufacturers, ensuring timely access to industry developments and testing requirements[155] Financial Health and Assets - The company's total assets increased by 11.49% to ¥4,064,270,355.40 from ¥3,645,404,409.88 at the end of the previous year[30] - The total asset scale at the end of the reporting period was 406,427.04 million yuan, an increase of 11.49% from the end of 2020[161] - The company's total assets included 698.34 million yuan in cash, which decreased by 24.75% due to increased inventory[195] Intellectual Property - The company has applied for a total of 171 intellectual property rights domestically and internationally, with 158 newly approved during the reporting period[125] - The company has obtained 5 new invention patents, bringing the total to 50[127]

2020 年年度报告 公司代码：688001 公司简称：华兴源创 苏州华兴源创科技股份有限公司 2020 年年度报告 2021 年 4 月 1/300 2020 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法 律责任。 二、 重大风险提示 公司已在本报告中描述公司可能面临的主要风险，敬请查阅本报告第四节经营 情况讨论与分析中（二）风险因素相关内容，请投资者予以关注。 三、 公司全体董事出席董事会会议。 四、 容诚会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报 告。 五、 公司负责人陈文源、主管会计工作负责人蒋瑞翔及会计机构负责人（会计主管人 员）蒋瑞翔声明：保证年度报告中财务报告的真实、准确、完整。 六、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司 2020 年利润分配预案为：公司拟以实施 2020 年度分红派息股权登记日的 总股本为基数，向全体股东每 10 股派发现金红利 1.85 元(含税)，预计派发现金红 利总额为 8,112.9303 万元，占公 ...

Financial Performance - Operating revenue for the period was ¥282,490,532.70, representing a year-on-year growth of 64.48%[17] - Net profit attributable to shareholders was ¥28,196,464.55, a significant increase of 175.82% compared to the same period last year[17] - The company reported a net profit excluding non-recurring gains and losses of ¥23,975,012.79, a remarkable increase of 410.98% year-on-year[17] - Basic earnings per share were ¥0.06, doubling from ¥0.03 in the same period last year[17] - Operating profit for Q1 2021 was ¥30,965,285.01, up 127.5% from ¥13,645,897.73 in Q1 2020[54] - Net profit attributable to shareholders for Q1 2021 was ¥28,196,464.55, compared to ¥10,222,765.99 in Q1 2020, reflecting a growth of 176.5%[54] Cash Flow - The net cash flow from operating activities was ¥41,347,168.96, up 23.60% year-on-year[17] - Cash flow from operating activities for the first quarter of 2021 was CNY 41,347,168.96, an increase from CNY 33,453,031.41 in the first quarter of 2020, showing a growth of about 23%[68] - Total cash inflow from operating activities was CNY 438,183,590.07, compared to CNY 263,255,817.07 in the previous year, representing an increase of approximately 66%[68] - Cash outflow from operating activities was CNY 396,836,421.11, up from CNY 229,802,785.66 in the first quarter of 2020, indicating a rise of about 73%[68] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,747,761,415.94, an increase of 2.81% compared to the end of the previous year[17] - Total liabilities increased to ¥543,724,756.39 from ¥477,521,141.22, representing a rise of approximately 13.84%[41] - The total inventory increased by 59.53% to ¥409,235,750.08 from ¥256,529,605.76, driven by enhanced production and stockpiling[29] - The total current liabilities include accounts payable of 285,229,506.25 and short-term borrowings[83] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,098[21] - The top shareholder, Suzhou Yuanhua Chuangxing Investment Management Co., Ltd., held 52.67% of the shares[21] - Total equity attributable to shareholders grew to ¥3,204,036,659.55 from ¥3,167,883,268.66, reflecting an increase of about 1.14%[41] Research and Development - The proportion of R&D investment to operating revenue was 22.43%, slightly up by 0.38 percentage points from the previous year[17] - The company's research and development expenses rose by 67.33% to ¥63,358,770.86 from ¥37,864,269.44, reflecting increased investment in R&D projects[32] Inventory and Receivables - Accounts receivable surged by 2,773.16% to ¥754,408.35 from ¥26,257.14, primarily due to an increase in customer bank acceptance bills received[29] - Inventory increased significantly to ¥350,561,734.11 from ¥207,175,034.19, showing a growth of approximately 69.0%[46] Other Financial Metrics - The weighted average return on net assets increased by 0.35 percentage points to 0.89%[17] - The company's long-term deferred expenses increased by 227.56% to ¥10,992,713.99 from ¥3,355,962.17, mainly due to increased leasing of factory and office space[29] - The company reported a significant increase in other non-current assets, which rose by 897.91% to ¥25,543,070.11 from ¥2,559,644.13, mainly due to increased prepayments for fixed asset purchases[29]