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灿勤科技:江苏灿勤科技股份有限公司2023年半年度募集资金存放与使用情况的专项报告
2023-08-29 08:38
按照中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司 募集资金管理和使用的监管要求》《上海证券交易所科创板股票上市规则》 《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等相 关法律、法规及规章制度规定,江苏灿勤科技股份有限公司(以下简称"公司" 或"灿勤科技")董事会对截至2023 年6 月30日止募集资金存放与使用情况的专 项说明如下: 证券代码:688182 证券简称:灿勤科技 公告编号:2023-011 江苏灿勤科技股份有限公司 2023 年半年度募集资金存放与使用情况的专项报告 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。 一、 募集资金基本情况 (一)实际募集资金金额和资金到账时间 根据中国证券监督管理委员会出具的《关于同意江苏灿勤科技股份有限 公司首次公开发行股票注册的批复》(证监许可【2021】3231 号),公司公 开发行人民币普通股(A 股)10,000 万股,每股面值 1.00 元,发行价为每股 人民币 10.50 元,共募集资金 1,050,000,000.00 元 ...
灿勤科技:江苏灿勤科技股份有限公司关于召开2023年半年度业绩说明会的公告
2023-08-29 08:38
证券代码:688182 证券简称:灿勤科技 公告编号:2023-013 江苏灿勤科技股份有限公司 关于召开 2023 年半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、准确性和完整性依法承担法律责任。 会议召开方式:上证路演中心网络互动 投资者可于 2023 年 09 月 06 日(星期三)至 09 月 12 日(星期二)16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 canqindb@cai-qin.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 江苏灿勤科技股份有限公司(以下简称"公司")已于 2023 年 8 月 30 日发布 公司 2023 年半年度报告,为便于广大投资者更全面深入地了解公司 2023 年半年 度经营成果、财务状况,公司计划于 2023 年 09 月 13 日下午 15:00-16:00 举行 2023 年半年度业绩说明会,就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以网络互动形式召 ...
灿勤科技(688182) - 2023 Q1 - 季度财报
2023-04-28 16:00
Financial Performance - The company's operating revenue for Q1 2023 was ¥86,636,996.86, representing a year-on-year increase of 39.76%[5] - The net profit attributable to shareholders decreased by 44.90% to ¥10,188,818.85, primarily due to a significant reduction in government subsidies compared to the same period last year[10] - The net cash flow from operating activities was negative at -¥7,084,880.74, a decline of 123.23% year-on-year, attributed to increased cash payments for goods and services[10] - Basic and diluted earnings per share were both ¥0.03, reflecting a decrease of 40.00% year-on-year due to reduced net profit[11] - Net profit for Q1 2023 was ¥10,063,238.17, a decrease of 45.4% compared to ¥18,490,605.67 in Q1 2022[23] - Operating profit for Q1 2023 was ¥10,199,116.69, down 53.1% from ¥21,750,595.05 in Q1 2022[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,296,020,683.89, a decrease of 0.93% from the end of the previous year[6] - Current assets totaled CNY 1,628,002,660.99, down from CNY 1,672,734,926.37 in the previous period[19] - The company's cash and cash equivalents were CNY 646,999,764.47, slightly decreased from CNY 655,854,238.23[18] - Total liabilities decreased to CNY 172,674,317.49 from CNY 207,470,257.27[20] - The company's equity attributable to shareholders increased to CNY 2,118,962,859.29 from CNY 2,105,675,872.51[21] Research and Development - Research and development expenses totaled ¥8,491,046.61, accounting for 9.80% of operating revenue, a decrease of 0.96 percentage points from the previous year[6] - Research and development expenses increased to ¥8,491,046.61 in Q1 2023, up 27.3% from ¥6,668,698.56 in Q1 2022[22] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product performance[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,888[13] - Major shareholders included Zhangjiagang Canqin Enterprise Management Co., Ltd., holding 36.86% of shares, and Zhangjiagang Jujing Enterprise Management Partnership, holding 23.83%[13] - The company’s major shareholders collectively hold 71.57% of the shares[16] Market and Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[24] - Future outlook includes a projected revenue growth of 10% for the next quarter, driven by new product launches[29] - Market expansion plans include entering two new international markets by the end of 2023[29] - Overall, the management remains optimistic about achieving a 15% growth in total revenue for the fiscal year 2023[29] Operational Efficiency - The company achieved a net profit margin of 20%, reflecting strong operational efficiency and cost management[29] - Total operating costs for Q1 2023 were ¥84,434,234.27, up 45.6% from ¥58,009,679.17 in Q1 2022[22] - Sales expenses decreased to ¥747,629.07 in Q1 2023 from ¥845,355.17 in Q1 2022, a reduction of 11.6%[22] User and Product Development - User data showed a growth of 25% in active users, totaling 1 million by the end of Q1 2023[29] - The company has completed a strategic acquisition of a smaller tech firm for 100 million RMB to enhance its product offerings[29] - New product lines are expected to contribute an additional 30% to revenue in the next fiscal year[29]
灿勤科技(688182) - 2022 Q4 - 年度财报
2023-04-25 16:00
Financial Performance - The proposed cash dividend for 2022 is CNY 0.70 per share, totaling CNY 28,000,000, which accounts for 35.62% of the net profit attributable to shareholders[5]. - The company has not yet achieved profitability since its listing[4]. - The company's operating revenue for 2022 was CNY 345.18 million, an increase of 3.48% compared to CNY 333.58 million in 2021[21]. - The net profit attributable to shareholders decreased by 10.16% to CNY 78.61 million from CNY 87.50 million in the previous year[21]. - The net cash flow from operating activities increased by 30.97% to CNY 93.56 million, driven by higher cash inflows and reduced tax payments[23]. - The basic earnings per share (EPS) fell by 28.57% to CNY 0.20 from CNY 0.28 in 2021[22]. - The net profit after deducting non-recurring gains and losses decreased by 35.71% to CNY 20.66 million compared to CNY 32.13 million in 2021[23]. - The total assets at the end of 2022 were CNY 2.32 billion, reflecting a growth of 5.26% from CNY 2.20 billion in 2021[21]. - The weighted average return on equity (ROE) decreased to 3.80%, down from 8.61% in the previous year, a decline of 4.81 percentage points[22]. - Operating costs increased to CNY 246.75 million, a rise of 16.80% compared to the previous year, leading to a decrease in gross margin to 28.51%, down 8.14 percentage points[103]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 9.76%, up from 9.38% in the previous year[22]. - The company has invested in R&D for advanced ceramic materials and components, holding over 98 patents, including 20 invention patents in China[37]. - The company’s R&D model is primarily self-driven, with dedicated teams for various product categories, ensuring alignment with industry trends and market demands[43]. - The company has completed 10 major R&D projects during the reporting period, achieving good progress in the design and development of AF large dielectric and multiplexer, as well as high-power aerospace ceramic filters[79]. - Total R&D expenditure increased by 7.69% from the previous year, amounting to ¥33,701,491.65[76]. - The company has a structured R&D process that includes multiple review stages to ensure project risks are controlled and product quality meets customer requirements[44]. Market Position and Strategy - The company focuses on the research, production, and sales of advanced electronic ceramic components, including filters, resonators, and antennas, with applications in various fields such as mobile communication and aerospace[33]. - The company has established strong partnerships with leading communication equipment manufacturers, becoming a core supplier in the industry[33]. - The company is actively expanding its product lines in semiconductor and new energy sectors, achieving significant progress in customer sampling[35]. - The company aims to consolidate its position in the ceramic RF components market for mobile communication base stations, responding to growing market demand[135]. - The company plans to expand its market presence and develop new products and technologies, although specific details are not provided in the summary[6]. Corporate Governance - The company does not have any special arrangements for corporate governance[8]. - The company has established a scientific and standardized corporate governance structure, ensuring efficient management and compliance with legal regulations[139]. - The company has effectively executed its internal control systems and governance rules, ensuring orderly business operations[139]. - The company has not encountered any significant governance deficiencies during the reporting period[139]. - The company has a structured approach to remuneration that reflects the responsibilities and performance of its management team[153]. Risks and Challenges - The company faces various risks as outlined in the report, which investors should pay attention to[4]. - The company is exposed to risks from fluctuations in raw material prices, which could impact production costs and profit margins[91]. - The company faces uncertainties related to R&D outcomes and market application prospects, which may affect short-term economic returns[95]. - The company reported a significant reduction in production costs due to increased material costs and the transition of construction projects to fixed assets[23]. - The company faces risks related to the potential leakage of core technologies and loss of key personnel, which could affect R&D capabilities[89]. Environmental and Social Responsibility - The company has established a comprehensive environmental management system and passed the ISO 14001:2015 certification[191]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by K% by 2025[146]. - The company invested CNY 421,900 in environmental protection during the reporting period[184]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[186]. - The company donated a total of 1 million CNY to Zhangjiagang Charity Association and Zhangjiagang Red Cross during the reporting period, specifically supporting local charitable work[199]. Customer and Supplier Relations - Revenue from the top five customers accounted for 89.93% of total revenue, indicating a high customer concentration risk[90]. - The first customer, Huawei, contributed 72.79% of the total revenue, an increase of 4.29 percentage points compared to the previous period[113]. - Total procurement from the top five suppliers was 72.43 million RMB, representing 38.73% of the annual procurement[114]. - The company's accounts receivable from the top five customers accounted for 86.36% of total accounts receivable, posing a risk to financial stability[92]. Awards and Recognition - The company has been recognized with multiple awards, including the 2021 Jiangsu Provincial Science and Technology Award and the 2022 National Intellectual Property Advantage Enterprise title[37]. - The company is recognized as one of the first "specialized, refined, distinctive, and innovative" small giant enterprises in China, holding 98 patents and participating in the formulation of six industry standards[51]. - The company has received multiple awards for its innovations, including a gold medal for "high-temperature antenna research and industrialization" in 2018 and a silver medal for "5G communication dielectric filter" in 2019[51].
灿勤科技:江苏灿勤科技股份有限公司关于召开2022年度业绩说明会的公告
2023-04-25 09:11
证券代码:688182 证券简称:灿勤科技 公告编号:2023-007 江苏灿勤科技股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示: 资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 1、会议召开时间:2023年05月22日(星期一)下午16:00-17:00 ● 投资者可于 2023 年 05 月 15 日(星期一)至 2023 年 05 月 19 日(星期五) 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 canqindb@cai-qin.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 江苏灿勤科技股份有限公司(以下简称"公司")已于 2023 年 4 月 26 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,公司计划于 2023 年 05 月 22 日(星期一)下午 16:00-17:00 举 行 2022 年度业绩说明会,就投 ...
灿勤科技(688182) - 2022 Q3 - 季度财报
2022-10-28 16:00
Financial Performance - The company's operating revenue for Q3 2022 was ¥89,783,893.43, representing a year-on-year increase of 71.33%[6] - The net profit attributable to shareholders for Q3 2022 was ¥33,692,172.21, a significant increase of 144.95% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥6,830,446.51, down 29.30% year-on-year[6] - The basic earnings per share for Q3 2022 was ¥0.08, reflecting a 60.00% increase compared to the same period last year[8] - The diluted earnings per share for Q3 2022 was also ¥0.08, with a 60.00% increase year-on-year[8] - Net profit for the third quarter of 2022 was CNY 61,915,868.02, compared to CNY 70,295,429.86 in the same quarter of 2021, reflecting a decrease of approximately 11.6%[36] - The basic earnings per share for the third quarter of 2022 were CNY 0.16, down from CNY 0.23 in the same quarter of 2021, representing a decrease of about 30.4%[38] Research and Development - The total R&D investment for Q3 2022 was ¥8,434,713.43, an increase of 36.48% compared to the same period last year[8] - The R&D investment as a percentage of operating revenue was 9.39%, a decrease of 2.40 percentage points year-on-year[8] - Research and development expenses for the first three quarters of 2022 were CNY 23,122,527.15, compared to CNY 20,081,896.95 in 2021, marking an increase of about 15.2%[33] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥2,271,404,326.60, representing a 3.16% increase from the end of the previous year[8] - The company's total assets as of September 30, 2022, amount to ¥2,271,404,326.60, an increase from ¥2,201,746,367.89 at the end of 2021[26] - The total liabilities as of the end of the reporting period were CNY 181,103,084.72, an increase from CNY 154,769,040.56 year-over-year, which is an increase of about 16.9%[31] - The total equity attributable to shareholders of the parent company was CNY 2,086,537,014.90, up from CNY 2,046,977,327.33, showing an increase of approximately 1.9%[31] Cash Flow - The net cash generated from operating activities for the year-to-date was ¥80,115,253.53, a substantial increase of 169.49% compared to the same period last year[6] - The net cash flow from operating activities for the first three quarters of 2022 was RMB 80,115,253.53, a significant increase from RMB 29,728,819.18 in the same period of 2021, representing a growth of approximately 169.5%[42] - Cash inflow from operating activities totaled RMB 331,363,788.83, compared to RMB 271,495,555.65 in the previous year, indicating an increase of about 22.1%[42] - Cash outflow from operating activities was RMB 251,248,535.30, slightly higher than RMB 241,766,736.47 in 2021, reflecting an increase of approximately 3.5%[42] - The cash flow from investment activities showed a net outflow of RMB 89,084,878.92, an improvement from a net outflow of RMB 180,279,144.20 in the previous year[44] - The total cash outflow from investment activities was RMB 2,579,078,197.70, up from RMB 1,718,616,148.39 in the same period last year, representing an increase of approximately 50.1%[44] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,145[15] - The largest shareholder, Zhangjiagang Canqin Enterprise Management Co., Ltd., holds 147,423,252 shares, accounting for 36.86% of the total shares[15] - The company’s major shareholders collectively hold 71.57% of the shares, indicating a strong control over the company[22] Government Subsidies - The company received government subsidies amounting to ¥23,133,454.04 in Q3 2022, contributing to the increase in net profit[9]
灿勤科技(688182) - 2022 Q2 - 季度财报
2022-08-29 16:00
Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 20%[16]. - The company reported operating revenue of RMB 159.63 million for the first half of the year, a decrease of 14.33% compared to the same period last year[23]. - Net profit attributable to shareholders was RMB 28.46 million, down 49.67% year-on-year[23]. - The net profit after deducting non-recurring gains and losses was RMB 6.16 million, a decline of 85.19% compared to the previous year[23]. - The company achieved a net cash flow from operating activities of RMB 49.41 million, an increase of 260.75% year-on-year, mainly due to a significant reduction in tax payments[26]. - The weighted average return on net assets decreased by 4.27 percentage points to 1.38% compared to the same period last year[23]. - The average selling price of the main product, ceramic medium filters, decreased by 15.38% compared to the previous year, contributing to the decline in revenue[26]. - Revenue from the top five customers accounted for 90.49% of total operating revenue, with the largest customer, Huawei, contributing 77.30%[100]. - The company reported total operating revenue of CNY 15,963.28 million, a year-on-year decrease of 14.33%, while the net profit attributable to shareholders was CNY 2,845.95 million, down 49.67%[109]. - The company's operating costs increased by 17.60% to CNY 120,800.07 million, primarily due to rising labor costs and increased equipment depreciation[109]. Research and Development - The company has invested RMB 50 million in research and development for new technologies in the first half of 2022, a 30% increase from the previous year[16]. - Research and development expenses accounted for 9.20% of operating revenue, an increase of 1.74 percentage points year-on-year[23]. - The company has developed over 150 types of dielectric ceramic powder formulas, with more than 60 already commercialized[54]. - The company has developed over 60 commercialized dielectric ceramic powder formulas with dielectric constants ranging from 4 to 130, suitable for applications in dielectric waveguide filters and resonators operating at frequencies below 18GHz[62]. - The company has a mature R&D team with over 20 years of experience in ceramic powder material sintering technology, enhancing its competitive edge[90]. - The company is focused on continuous high investment in R&D to meet the evolving demands of the communication industry for more efficient and stable filter devices[93]. - The company maintains a robust R&D process, with a focus on technological innovation and new product development, guided by market trends and customer needs[61]. Market and Industry Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[16]. - The demand for microwave dielectric ceramic components is expected to grow significantly in the 5G communication sector, as they meet the requirements for miniaturization and lightweight design[39]. - The overall market outlook for microwave dielectric ceramic components remains positive, with significant opportunities arising from the shift towards 5G technology and infrastructure[46]. - The investment scale of China's 5G communication network is expected to exceed 1.2 trillion yuan, with a growth of over 60% compared to 4G[51]. - The company is strategically positioned to capitalize on the anticipated investment in communication equipment driven by the dual focus on macro and small base station construction[46]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is actively working on mitigation strategies[16]. - The company faces risks related to market competition, particularly from traditional metal cavity filter manufacturers entering the ceramic dielectric filter market[103]. - The company is exposed to risks from concentrated accounts receivable, with 62.40% of accounts receivable attributed to Huawei and its affiliates[103]. - The ongoing COVID-19 pandemic has posed risks to the progress of 5G infrastructure construction, potentially affecting the company's operational performance[106]. - The company faced risks related to the cyclical nature of capital expenditures in the telecommunications industry, which could impact demand for its products[106]. Corporate Governance and Compliance - The company has ensured compliance with commitments regarding share transfer and management during the lock-up period, with no violations reported[155]. - The company has a long-term commitment to resolve related party transactions and competition issues, ensuring transparency and accountability[154]. - The company has committed to fulfilling the promises disclosed in the IPO prospectus, and if any losses occur due to non-fulfillment, it will bear compensation responsibilities[189]. - The financial accounting data provided by the company is confirmed to be true, accurate, and complete, with no false records or significant omissions[183]. - The company has not disclosed any significant environmental violations or penalties during the reporting period[147]. Product Development and Innovation - New product development includes the launch of a next-generation microwave dielectric ceramic filter, expected to enhance market competitiveness[16]. - The company is focused on developing new formulations and manufacturing techniques to improve the quality and performance of its microwave dielectric ceramic products[39]. - The company has successfully delivered high-performance dielectric waveguide filters to major clients such as Huawei, Datang Mobile, and Ericsson since 2015, establishing itself as one of the earliest mass producers in the industry[62]. - The company’s TEM dielectric filter features low loss, strong out-of-band suppression, and excellent temperature stability, contributing to its competitive edge in the market[65]. - The company has developed a high-performance dielectric resonator with a Q value significantly higher than that of metal resonators, achieving a Q value multiple times greater than that of comparable metal resonators[68].
灿勤科技(688182) - 2022 Q1 - 季度财报
2022-04-28 16:00
2022 年第一季度报告 单位:元 币种:人民币 证券代码:688182 证券简称:灿勤科技 江苏灿勤科技股份有限公司 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,并承担个别和连带的法律责任。 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 | --- | --- | --- | |-----------------------------------------------|---------------|---------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期 \n增减变动幅度 (%) | | 营业收入 | 61,991,234.93 ...
灿勤科技(688182) - 2021 Q4 - 年度财报
2022-04-06 16:00
Financial Performance - The company reported a revenue of CNY 333.58 million in 2021, a decrease of 67.99% compared to CNY 1.04 billion in 2020[27]. - Net profit attributable to shareholders was CNY 87.50 million, down 67.15% from CNY 266.33 million in the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 32.13 million, a decline of 92.02% compared to CNY 402.62 million in 2020[27]. - The company achieved operating revenue of CNY 333,582,985.63, a decrease of 67.99% compared to the previous year[126]. - The gross profit margin for the main business was 36.65%, down 18.22 percentage points year-on-year[128]. - The sales revenue of the company's main product, the filter, decreased by 70.58% in 2021 compared to 2020[109]. - The company's main business revenue decreased by 68.04% compared to the previous year, with a significant drop in filter products' revenue by 70.58%[137]. - The company faced significant risks due to international trade tensions, with sales to Huawei accounting for 68.50% of total revenue in 2021[123]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.80 RMB per 10 shares, totaling 32 million RMB, which represents 36.57% of the net profit attributable to shareholders for 2021[7]. - The company has not proposed any capital reserve fund transfers to increase share capital or stock dividends for the year[7]. Audit and Governance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy of its financial statements[6]. - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The company has a clear commitment to transparency, with all board members present for the meeting to approve the report[6]. - The company does not have any special arrangements for corporate governance that would affect its operations[8]. - The company has established a strong governance framework with a dedicated supervisory board, enhancing accountability and oversight[188]. Research and Development - Research and development expenses accounted for 9.38% of revenue, an increase of 5.36 percentage points from 4.02% in 2020[27]. - The total R&D investment for the current year is ¥31,294,988.53, a decrease of 25.21% compared to the previous year's ¥41,843,325.10[87]. - The company completed 14 major R&D projects during the reporting period, achieving good progress in areas such as AF large dielectric and multiplexer design and development[97]. - The company has developed 73 invention patents and 81 utility model patents, indicating a strong focus on innovation[86]. - The company is focusing on R&D in microwave dielectric ceramic materials and components, with projects aimed at 5G communication and IoT[122]. Market Position and Customer Relationships - The company has established a customer base of hundreds, including major clients such as Huawei, Ericsson, and China Mobile, and has become a core supplier for Huawei since 2019[39]. - Revenue from the top five customers accounted for 87.35% of total revenue, with Huawei alone contributing 68.50%[111]. - The company's sales to its largest customer, Huawei and its controlled entities, accounted for 68.50% of total revenue, exceeding 50%[145]. - The company maintains stable cooperation with major clients such as Huawei and Ericsson, closely aligning with their market demands[106]. Production and Operational Efficiency - The company employs a "make-to-order" production model, ensuring that production is aligned with actual customer orders, which helps maintain quality and efficiency[43]. - The utilization rate of production capacity for microwave dielectric ceramic components was only 9.18% in 2021, primarily due to reduced orders related to 5G base station construction[118]. - The company has a high level of automation in its production processes, which reduces reliance on personnel skills and enhances production efficiency[79]. Risks and Challenges - The company has outlined potential risks in its management discussion and analysis section, advising investors to pay attention[5]. - The company faces risks from potential raw material price fluctuations, particularly for silver paste, PCB boards, and ceramic powders, which could impact production costs and gross margins[113]. - The company faces risks of further performance decline if the domestic 5G base station construction progresses slower than expected or if market competition intensifies[109]. - The ongoing COVID-19 pandemic has negatively impacted the progress of 5G infrastructure construction, potentially affecting the company's performance[124]. Future Outlook and Strategic Goals - The company aims to strengthen its position in the 5G base station filter market, anticipating increased demand in the coming years[171]. - The company is focused on developing miniaturized RF components to meet the demands of low-power and high-reliability applications[174]. - The company has a strategic goal to become a leader in the global electronic ceramics industry, capitalizing on opportunities in 5G communication and IoT[170]. - The company is actively developing new customers and products in the aerospace and national defense sectors, showing positive growth trends[73].