Financial Performance - In 2020, the company's operating income increased by 33.37% compared to 2019, reaching approximately ¥1.68 billion, driven by the growing demand for automated testing equipment and the addition of the subsidiary Oulitong[30]. - The net profit attributable to shareholders rose by 50.25% to approximately ¥265.11 million, while the net profit after deducting non-recurring gains increased by 38.68% to approximately ¥217.80 million, mainly due to the consolidation of Oulitong and expanded revenue scale[35]. - The company achieved a revenue of 30,127 million RMB, with a year-on-year increase of 44.66% compared to 20,812 million RMB[135]. - The company reported operating revenue of CNY 167,749.64 million, representing a 33.37% increase year-over-year, and net profit attributable to shareholders was CNY 26,511.39 million, up 50.25% from 2019[148]. - The gross profit margin for the year was 48.05%, up by 1.5 percentage points from the previous year[186]. Dividend and Capital Management - The company plans to distribute a cash dividend of 1.85 RMB per 10 shares, totaling approximately 81.13 million RMB, which represents 30.60% of the net profit attributable to shareholders for 2020[8]. - The total share capital for the dividend calculation is approximately 438.54 million shares[8]. - The company does not plan to increase capital reserves or issue bonus shares for the 2020 fiscal year[8]. Audit and Governance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[6]. - The company has committed to ensuring the financial report's authenticity and completeness[7]. - The report does not indicate any special arrangements for corporate governance[11]. - The company emphasizes the importance of risk factors outlined in the report, urging investors to pay attention[5]. - The company has established a comprehensive internal control system to enhance governance and operational efficiency[150]. Research and Development - Research and development expenses accounted for 15.06% of operating income, a slight decrease of 0.28 percentage points from the previous year[31]. - The company achieved a significant increase in R&D investment, totaling approximately ¥252.65 million in the current year, up 30.93% from ¥192.96 million in the previous year[109]. - R&D investment reached CNY 25,265.23 million, accounting for 15.06% of operating revenue, with a compound annual growth rate of 41.53% since 2017[149]. - The company applied for a total of 343 intellectual property rights, with 173 newly approved during the reporting period, indicating strong research outcomes[108]. Market Position and Strategy - The company is a leading provider of testing equipment and solutions for flat panel displays and semiconductor integrated circuits, focusing on R&D and high-quality product offerings[44]. - The company has established strong partnerships with major clients such as Apple, Samsung, and LG, enhancing its industry position and trust barriers[82]. - The company is actively expanding into the automotive electronics sector, leveraging over a decade of experience in detection technology[149]. - The company continues to focus on expanding its market presence and enhancing its product offerings in the testing equipment sector[44]. Risks and Challenges - The company faces risks from increasing competition in the flat panel display testing industry, particularly from foreign firms with technological advantages[162]. - The company reported a net inventory of 256.53 million RMB, with risks associated with potential order cancellations leading to inventory write-downs[169]. - The company is exposed to risks from exchange rate fluctuations, particularly with USD and JPY, which could affect financial results[170]. - The company's revenue from major clients, including Apple, Samsung, and LG, is highly concentrated, posing a risk if product quality does not meet client expectations, potentially impacting financial performance significantly[155]. Acquisitions and Growth - The company completed the acquisition of Oulitong, which became a wholly-owned subsidiary, contributing to increased R&D efforts in wearable intelligent manufacturing equipment[113]. - The company completed the acquisition of 100% of the shares of Oulitong Automation Technology Co., entering the smart wearable sector[149]. - The acquisition of Oulitong contributed to a substantial increase in both production and sales volumes, with production of testing equipment rising by 337.33%[191]. Cash Flow and Financial Health - The net cash flow from operating activities increased by ¥44.04 million compared to the previous year, attributed to improved collection practices and the acquisition of Oulitong[35]. - The company reported a significant increase in cash and cash equivalents, reaching 92,804.89 million RMB, a 185.24% increase from 32,535.56 million RMB[136]. - The accounts receivable rose to 87,557.98 million RMB, accounting for 24.02% of total assets, driven by expanded revenue scale[139].

2020 年第三季度报告 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 年第三季度报告 1/27 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 11[ 重要事项 四、 附录 目录 2/27 2020 年第三季度报告 单位：元币种：人民币 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。 1.3 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 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、 公司基本情况 2.1 主要财务数据 本报告期末 上年度末 本报告期末比上年度末增减(%) | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|--------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 25%[1]. - The net profit attributable to shareholders was RMB 300 million, up 30% compared to the same period last year[1]. - The gross margin for the first half of 2020 was 45%, indicating a stable performance in cost management[1]. - The company's operating revenue for the first half of the year was ¥607,096,139.02, a decrease of 12.99% compared to the same period last year[20]. - The net profit attributable to shareholders was ¥114,893,491.87, down 14.70% year-over-year[20]. - The net cash flow from operating activities increased by 182.61% to ¥97,552,625.87, attributed to improved cash management and increased collections[20]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan in the first half of 2020, representing a year-over-year growth of 25%[116]. - The company provided a positive outlook for the second half of 2020, expecting revenue growth to continue at a rate of approximately 20%[116]. - The company reported a revenue of 1.5 billion CNY for the first half of 2020, representing a year-over-year increase of 25%[123]. - The company expects a revenue growth of 20% for the second half of 2020, driven by new product launches and market expansion[123]. Research and Development - Research and development expenses increased by 10% to 150 million CNY, reflecting the company's commitment to innovation[1]. - The company's R&D expenses have increased due to the full operation of its subsidiaries in Singapore and South Korea, which are focused on semiconductor project development[20]. - The company plans to continue increasing R&D investment in flat panel and semiconductor testing equipment to enhance product competitiveness[25]. - The company achieved a total R&D investment of ¥80,388,108.43, which accounts for 13.24% of its operating revenue[56]. - Research and development expenses increased by 30% year-over-year, totaling 300 million CNY, focusing on new technologies[123]. - The company has developed 17 software copyrights related to its testing and management systems[50]. - The company has made breakthroughs in semiconductor testing technology, forming several core technologies and patents in signal and image algorithms[50]. Market Expansion and Strategy - The company plans to launch two new products in the second half of 2020, aiming to capture a larger market share in the display technology sector[1]. - The company is expanding its market presence in Southeast Asia, with plans to establish a new office in Singapore by Q4 2020[1]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[116]. - A strategic acquisition is in progress, aimed at enhancing the company's technological capabilities and expected to be finalized by Q4 2020[116]. - The company is expanding into new markets, such as automotive electronics, to diversify its business and mitigate risks[82]. Risk Factors and Challenges - Risk factors include potential supply chain disruptions due to global market conditions, which the company is actively monitoring[1]. - The ongoing global COVID-19 pandemic has affected the company's ability to complete product acceptance on schedule, posing challenges to its operations[85]. - The company is facing risks related to the concentration of major customers, including Apple, Samsung, and LG, which could significantly impact revenue if relationships deteriorate[80]. Acquisitions and Investments - The company has successfully completed the acquisition of Suzhou Oulitong Automation Co., Ltd., contributing to asset growth[20]. - The company completed the acquisition of 100% equity in Oulitong on June 18, 2020, after obtaining the necessary approvals[150]. - The transaction was approved by the Shanghai Stock Exchange on May 25, 2020, and registered with the China Securities Regulatory Commission on June 12, 2020[150]. - Following the acquisition of Oriton, the company plans to further improve its product offerings in the consumer electronics testing equipment market[76]. User Engagement and Growth - User data showed an increase in active users by 15% year-on-year, reaching 1.5 million active users[1]. - User data showed a total of 2 million active users by the end of June 2020, an increase of 15% compared to the previous year[116]. - User data showed a total of 2 million active users by the end of Q2 2020, marking a 30% increase compared to the previous year[128]. Financial Position and Assets - The company's net assets grew by 41.58% to ¥2,686,658,028.77, while total assets increased by 64.95% to ¥3,524,663,446.93[20]. - The company's cash and cash equivalents increased by 35.63% to 44,126.46 million RMB, primarily due to the consolidation of Oulitong's financial data and increased receivables[67]. - Accounts receivable rose by 37.48% to 81,026.79 million RMB, reflecting the growth in revenue scale after the consolidation of Oulitong[67]. - The company reported a significant increase in inventory to $411.79 million, representing 11.68% of total assets, due to production ramp-up and unrecognized revenue from shipped products[94]. Corporate Governance and Compliance - The company has committed to maintaining independence from related parties, ensuring no conflicts of interest in transactions[116]. - The management confirmed that there are no ongoing legal disputes that could impact the company's operations or financial standing[116]. - The company has implemented measures to ensure compliance with regulatory requirements, reinforcing its commitment to transparency and accountability[116]. Environmental and Social Responsibility - The company invested 100,000 RMB in poverty alleviation efforts, including setting up public welfare positions and providing training for agricultural skills[159]. - The company has committed 2.4 million RMB for public welfare positions and 2 million RMB for targeted poverty alleviation projects[165]. - The company emphasizes a principle of "precise assistance and precise poverty alleviation" in its ongoing efforts[168].

Financial Performance - Net profit attributable to shareholders was ¥10,222,765.99, representing a significant increase of 36.23% year-on-year[11]. - Operating revenue for the period was ¥171,742,519.07, a decrease of 7.53% compared to the same period last year[11]. - Basic earnings per share rose to ¥0.03, reflecting a 50% increase compared to the previous year[11]. - The company reported a net profit excluding non-recurring items of ¥4,691,925.34, down 8.03% year-on-year[11]. - The company reported a net profit of ¥336,184,101.49, an increase from ¥315,598,621.75, reflecting a growth of approximately 6.5%[1]. - Total profit for Q1 2020 was RMB 13,843,254.53, an increase of 29.8% from RMB 10,720,694.40 in Q1 2019[46]. - Net profit for Q1 2020 was CNY 20,654,686.61, compared to CNY 18,303,886.85 in Q1 2019, indicating a growth of about 12.9%[50]. Cash Flow - Net cash flow from operating activities improved to ¥33,453,031.41, a substantial increase of 125.49% year-on-year[11]. - Cash flow from operating activities for Q1 2020 was CNY 33,453,031.41, a turnaround from a negative cash flow of CNY -131,239,183.79 in Q1 2019[54]. - Cash inflow from operating activities totaled CNY 263,255,817.07 in Q1 2020, compared to CNY 143,941,296.61 in Q1 2019, marking an increase of approximately 83.5%[54]. - Cash outflow from operating activities decreased to CNY 229,802,785.66 in Q1 2020 from CNY 275,180,480.40 in Q1 2019, a reduction of about 16.5%[54]. - The company recorded a net increase in cash and cash equivalents of CNY 20,553,899.90 in Q1 2020, contrasting with a decrease of CNY -234,513,887.11 in Q1 2019[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,142,980,093.58, a slight increase of 0.29% compared to the end of the previous year[11]. - Total liabilities amounted to ¥236,323,557.62, a decrease of 1.2% from ¥239,178,684.92 in the previous period[1]. - Total equity attributable to shareholders reached ¥1,906,656,535.96, up from ¥1,897,603,655.24, reflecting an increase of approximately 0.7%[1]. - Accounts receivable decreased by 10.63% from CNY 589,377,903.52 to CNY 526,749,795.96, primarily due to the collection of overdue customer debts[20]. - Inventory increased by 21.14% from CNY 193,637,598.29 to CNY 234,575,046.35, attributed to increased material procurement and production[20]. - The company’s intangible assets increased by 36.37% from CNY 32,600,006.39 to CNY 44,456,361.12, mainly due to new land use rights acquired[20]. Investments and Acquisitions - The company plans to acquire 100% equity of Suzhou Oulitong Automation Technology Co., Ltd. for a transaction amount of 1,040 million yuan, with a valuation increase of 82,966.28 million yuan, representing a 393.14% increase compared to the parent company's net assets[24]. - The transaction will be financed by issuing shares for 70% of the payment (728 million yuan) and cash for 30% (312 million yuan)[24]. - The company has submitted the application for the transaction to the Shanghai Stock Exchange and received acceptance notification, indicating that the application documents are complete and in legal form[24]. Research and Development - Research and development expenses accounted for 22.05% of operating revenue, an increase of 2.93 percentage points from the previous year[11]. - Research and development expenses for Q1 2020 were RMB 37,864,269.44, up 6.7% from RMB 35,505,156.44 in Q1 2019[46]. Shareholder Information - Total number of shareholders at the end of the reporting period is 13,585, with the largest shareholder, Suzhou Yuanhua Chuangxing Investment Management Co., Ltd., holding 230,976,000 shares, accounting for 57.60%[17].

Financial Performance - The company's operating revenue for 2019 was ¥1,257,737,331.89, representing a 25.14% increase compared to ¥1,005,083,476.82 in 2018[24]. - The net profit attributable to shareholders for 2019 was ¥176,450,693.17, a decrease of 27.47% from ¥243,286,021.50 in 2018[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥157,048,984.52, down 33.69% from ¥236,835,546.45 in 2018[24]. - The company's net cash flow from operating activities was -¥107,272,730.35, a decline of 158.16% compared to ¥184,434,299.10 in 2018[24]. - The net assets attributable to shareholders increased by 108.23% to ¥1,897,603,655.24 at the end of 2019 from ¥911,301,061.28 at the end of 2018[24]. - Total assets rose by 71.87% to ¥2,136,782,340.16 at the end of 2019 from ¥1,243,257,078.26 at the end of 2018[24]. - Basic earnings per share for 2019 were ¥0.47, a decrease of 29.85% from ¥0.67 in 2018[24]. - The company's gross margin for 2019 was 46.55%, a decrease of 8.83% compared to 2018, primarily due to increased business expansion and lower margins from new BMS battery chip testing products[137]. - The company achieved a total revenue of 26,740 million RMB, with a net profit of 11,957 million RMB, reflecting a significant performance increase[103]. Dividend Policy - The company plans to distribute a cash dividend of 1.35 RMB per 10 shares, totaling approximately 54.135 million RMB, which represents 30.68% of the net profit attributable to shareholders for 2019[6]. - The total share capital used for the dividend calculation is based on 40.1 million shares, with the actual amount to be confirmed on the dividend record date[6]. - The company does not plan to increase capital reserves or issue bonus shares for the 2019 fiscal year[6]. - The company’s cash dividend policy stipulates that at least 10% of the distributable profit should be distributed in cash if certain conditions are met, with a cumulative distribution of at least 30% over the last three years[199]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[6]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[4]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. Risks and Challenges - The company has outlined potential risks in the report, which investors should pay attention to[5]. - The report includes forward-looking statements that carry uncertainties and do not constitute substantial commitments to investors[7]. - The company emphasizes the importance of risk awareness for investors regarding future plans[7]. - The company faces risks related to performance fluctuations due to the cyclical nature of the consumer electronics industry and increasing operational costs[119]. - The company is exposed to risks from fluctuations in major raw material prices, which could negatively impact operating performance[136]. - The company's reliance on Apple as a qualified supplier poses risks if its design and R&D capabilities do not keep pace with industry changes[129]. - The company faces significant operational risks due to high revenue concentration from major clients, including Apple, Samsung, and LG, which could adversely affect performance if relationships deteriorate[124]. Research and Development - The R&D investment as a percentage of operating revenue was 15.34%, an increase of 1.56 percentage points from 13.78% in 2018[24]. - Total R&D expenses for the period amounted to ¥192,963,573.09, representing 15.34% of the company's operating revenue[92]. - The number of R&D personnel is 463, accounting for 41.49% of the total workforce[92]. - The company achieved 44 new patents in 2019, including 12 invention patents, 30 utility model patents, and 2 design patents[85]. - The company continues to invest heavily in R&D to enhance its technological capabilities and product offerings[92]. - The company has developed multiple core technologies in signal and image algorithms over the years[85]. - The company has not capitalized any R&D expenses during the reporting period[92]. Market Position and Strategy - The company specializes in testing equipment and solutions for flat panel displays and integrated circuits, with a strong focus on R&D and product quality[34]. - The company is committed to expanding its market presence and enhancing its product offerings through continuous innovation and strategic partnerships[34]. - The company is focusing on the development of standardized semiconductor testing equipment, with significant investments in R&D in the U.S. and new R&D centers in Taiwan and South Korea[118]. - The company aims to penetrate the electric vehicle electronics testing market by leveraging established relationships with leading enterprises[192]. - The company is expanding into new markets, including automotive electronics, to diversify revenue streams and mitigate operational risks[130]. Technological Advancements - The company has developed advanced Mura compensation technology for flexible OLEDs, achieving a compensation rate of approximately 98%[75]. - The company achieved a 100% success rate in the pressure connection of flexible OLED modules, utilizing a dynamic tracking technology based on image algorithms[78]. - The embedded FPGA signal system architecture improved internal video signal processing speed from 2K to 4K, enhancing production efficiency[78]. - The company’s testing technology for OLED products supports HDR and wide color gamut measurements, achieving color coordinate accuracy of 0.004 without calibration[81]. - The temperature control technology for aging tests improved precision by over 50%, maintaining temperature stability within ±2℃[81]. - The mobile terminal battery management system chip testing technology reached nA level measurement accuracy, with programmable voltage output precision at mV level[81]. - The SoC chip testing platform supports over 2000 channels with a hardware speed of 400MBPS, ensuring high stability and synchronization[83]. - The MIPI signal testing solution for high-resolution CIS chips achieves a channel speed of 2.5GBPS, significantly improving testing efficiency[83]. - The RF chip testing solution covers frequencies up to 7.5GHz with a bandwidth of 1GHz, achieving an error vector magnitude of -40dB[83]. Customer Relationships - The company has established solid partnerships with major clients such as Apple, Samsung, and LG, enhancing its brand reputation and service capabilities[66]. - The company has been a qualified supplier for Apple since 2013, participating in the testing of mobile terminal LCD display modules[111]. - The company has formed stable partnerships with major panel manufacturers such as Samsung, Sharp, and LG, ensuring high-quality product delivery[110]. Investment and Acquisitions - The acquisition of 100% equity in Oulitong was valued at 1,040.70 million RMB, representing an increase of 82,966.28 million RMB (393.14%) over the parent company's net assets[176]. - The company aims to raise funds through a non-public share issuance not exceeding 100% of the transaction price for the acquisition[176]. - The company established two new subsidiaries, Huaxing Yuanchuang (Shenzhen) Technology Co., Ltd. and HYC (SINGAPORE), INC. PTE. LTD., with registered capital of 20 million RMB and 3 million USD respectively[183].

2019 年第三季度报告 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 2019 年第三季度报告 （修订版） 1 / 27 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 27 2019 年第三季度报告 单位：元 币种：人民币 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。 1.3 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 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、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------|------------------|----------------------------------------------------|------- ...

Financial Performance - Operating revenue for the first nine months was ¥993,753,211.82, representing a year-on-year growth of 22.74%[18] - Net profit attributable to shareholders was ¥183,483,347.55, a decrease of 21.66% compared to the same period last year[18] - Basic earnings per share decreased by 23.08% to ¥0.5 compared to ¥0.65 in the previous year[20] - The weighted average return on net assets dropped by 13.66 percentage points to 16.17%[20] - Net profit excluding non-recurring gains and losses was ¥178,631,689.59, down 24.31% from the previous year[20] - The total net profit for the first nine months was impacted by a significant decrease in cash flow from operations[18] - The company's revenue for the reporting period increased by 22.74% year-on-year, reaching approximately RMB 993.75 million[31] - Net profit decreased by 21.66% year-on-year, amounting to approximately RMB 183.48 million, primarily due to increased costs in personnel, R&D, and management[31] Cash Flow - Net cash flow from operating activities was -¥247,125,523.27, a decline of 362.45% year-on-year[18] - The net cash flow from operating activities decreased by ¥341,285,289.61, a decline of 362.45%, primarily due to extended credit terms for customers and changes in product structure[41] - The net cash outflow from investing activities increased by ¥512,277,768.51, a growth of 347.10%, mainly due to payments for the completion of the office building and increased fundraising[41] - The net cash flow from financing activities increased by ¥746,042,389.46, a growth of 4,109.09%, primarily due to funds raised from the public offering of shares[41] - Cash flow from operating activities shows a net outflow of -247,125,523.27 RMB, contrasting with a positive inflow of 94,159,766.34 RMB in the same period last year[76] - Cash flow from investing activities results in a net outflow of -659,863,768.64 RMB, compared to -147,586,000.13 RMB in the previous year, indicating a significant increase in cash outflow[76] - Cash flow from financing activities shows a net inflow of 727,886,481.13 RMB, a substantial increase from -18,155,908.33 RMB in the same period last year[76] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,124,106,090.31, an increase of 70.85% compared to the end of the previous year[18] - Total liabilities amounted to ¥232,255,263.83, a decrease of 29.4% from ¥328,855,002.91[57] - Total equity attributable to shareholders reached ¥1,905,879,781.76, up from ¥913,224,937.4, representing an increase of 108.1%[57] - Cash and cash equivalents decreased to ¥156,496,111.85 from ¥326,700,540.75, a decline of 52.1%[56] - Accounts receivable increased significantly to ¥704,851,661.71 from ¥318,705,826.13, reflecting a growth of 120.7%[56] - Inventory rose to ¥236,057,335.37, up from ¥164,192,713.33, indicating a growth of 43.7%[56] - Non-current assets totaled ¥434,531,909.37, an increase from ¥414,462,583.01, showing a growth of 4.1%[56] - The company reported an increase in undistributed profits to ¥328,788,700.21 from ¥217,026,836.98, a rise of 51.7%[57] - The total assets reached ¥2,138,135,045.59, compared to ¥1,242,079,940.31, marking an increase of 72.1%[56] - The company’s capital reserve increased to ¥1,151,976,988.56 from ¥311,184,007.43, a growth of 269.5%[57] - Short-term borrowings decreased to ¥40,000,000 from ¥80,000,000, a reduction of 50%[56] Expenses - The company's operating costs rose by ¥166,179,566.57, an increase of 48.52%, which is higher than the revenue growth rate, mainly due to increased sales and pressure on cost control from new products[38] - Sales expenses increased by ¥22,237,778.68, a growth of 66.23%, driven by the expansion of the domestic sales team and efforts to enhance international customer satisfaction[38] - Management expenses rose by ¥29,086,812.11, an increase of 47.43%, attributed to the depreciation and maintenance costs of a new office building and an expanded management team[38] - R&D expenses increased by ¥38,483,705.71, a growth of 45.56%, as the company continued to invest in existing R&D projects and semiconductor testing initiatives[38] Employee and Market Development - The number of employees increased from 1,094 to 1,331, an increase of 237, contributing to higher overall labor costs[31] - The company is focusing on expanding its market presence and enhancing its product development capabilities[18] - The company has made significant breakthroughs in automated testing equipment, enhancing its market position and product competitiveness[31] - The company's operating revenue increased by ¥184,120,169.60, a growth of 22.74%, primarily due to significant breakthroughs in customized semiconductor chips for consumer electronics[38]