2023 年第一季度报告 | | | 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(%) | | | | 营业收入 | 742,604,987.42 | | | -13.69 | | 归属于上市公司股东的净利润 | -4,008,036.13 | | | 不适用 | | 归属于上市公司股东的扣除非 经常性损益的净利润 | -7,299,416.52 | | | 不适用 | | 经营活动产生的现金流量净额 | 215,475,877.93 | | | 14.21 | | 基本每股收益（元/股） | -0.00 | | | 不适用 | | 稀释每股收益（元/股） | -0.00 | | | 不适用 | | 加权平均净资产收益率（%） | -0.10 | | | 不适用 | | 研发投入合计 | 39,333,476.73 | | | -10.90 | | 研发投入占营业收入的比例（%） | 5.30 | 增加 | 0.17 | 个百分点 | 1 / 21 证券代码：68818 ...

Financial Performance - The company's operating revenue for 2022 was CNY 3,534,688,853.21, a decrease of 3.09% compared to CNY 3,647,394,627.95 in 2021[21] - The net profit attributable to shareholders of the listed company was CNY 312,909,308.68, an increase of 18.40% from CNY 264,273,119.32 in 2021[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 273,270,603.45, up 19.71% from CNY 228,277,924.97 in 2021[21] - The net cash flow from operating activities was CNY 741,041,313.70, representing a significant increase of 75.83% compared to CNY 421,454,567.51 in 2021[21] - The basic earnings per share for 2022 was 0.38 RMB, a 15.15% increase from 0.33 RMB in 2021[23] - The gross profit margin for the electronic components segment was 21.24%, with a year-on-year increase of 3.71 percentage points[97] - The company reported a net profit margin of 12%, up from 10% in the previous year[134] - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2022, representing a year-over-year growth of 20%[136] Assets and Liabilities - The total assets at the end of 2022 were CNY 6,961,317,142.77, an increase of 8.29% from CNY 6,428,296,588.39 at the end of 2021[22] - The net assets attributable to shareholders of the listed company were CNY 4,084,111,699.61, reflecting a growth of 4.62% from CNY 3,903,893,231.14 at the end of 2021[22] - The net accounts receivable at the end of the reporting period was CNY 1,005.27 million, accounting for 33.63% of current assets and 14.44% of total assets, indicating a significant portion of the company's assets[84] - The net inventory at the end of the reporting period was CNY 674.11 million, representing 22.55% of current assets and 9.68% of total assets, which may increase with the expansion of production scale[85] Research and Development - The company's R&D investment accounted for 5.53% of operating revenue, an increase of 0.33 percentage points from 5.20% in 2021[23] - The company added 33 invention patents and 12 utility model patents during the reporting period[31] - The company holds 229 invention patents and has established a complete technology system in PCB manufacturing as of December 31, 2022[59] - The company applied for 61 new invention patents and received 33 new invention patents, enhancing its core competitiveness[59] - Research and development (R&D) expenses amounted to ¥195,599,339.31, a 3.18% increase from ¥189,579,658.57 last year, representing 5.53% of total revenue[70] - The company invested approximately RMB 428 million in R&D, with a focus on high-speed materials for 5G PCB technology, Mini LED products, and semiconductor packaging technology[74] Market and Industry Trends - The global PCB market value increased by only 1% in 2022, reaching $81.741 billion, influenced by various geopolitical and economic factors[49] - The domestic PCB market value in China was $43.553 billion in 2022, a year-on-year decrease of 1.4%, with a projected compound annual growth rate (CAGR) of 3.30% from 2022 to 2027[50] - The demand for multilayer boards is expected to remain stable, driven by the needs of servers, communication infrastructure, and automotive electronics[52] - The global PCB industry is expected to reach approximately $100 billion by 2027, with a stable CAGR of 3.80% from 2022 to 2027[50] Production and Operations - The company produced 1.1443 million square meters of printed circuit boards, a decrease of 6.37% year-on-year, and sold 1.1251 million square meters, a decrease of 4.13% year-on-year[90] - The company is focusing on expanding its production capacity in automotive electronics to enhance competitiveness in that sector[38] - The company specializes in high-precision, high-density printed circuit boards (PCBs) for mid-to-high-end applications, including communication, automotive, and consumer electronics[39] - The production model is based on "order-based production," allowing the company to meet specific customer requirements efficiently[40] Corporate Governance and Management - The company has established a comprehensive corporate governance structure, including independent directors and various committees, ensuring effective operational mechanisms[125] - The company has implemented a performance evaluation mechanism for senior management, linking compensation to company performance and long-term development needs[161] - The independent directors confirmed their agreement with the profit distribution plan, ensuring the protection of minority shareholders' rights[157] Environmental and Social Responsibility - The company has invested approximately RMB 85.56 million in environmental protection during the reporting period[167] - The company has achieved a significant reduction in wastewater and air emissions, demonstrating its commitment to environmental protection and compliance[174] - The company actively participates in social responsibility initiatives, contributing a total of 30 million yuan in donations for poverty alleviation and education support[192] - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental authorities[180] Future Outlook and Strategic Initiatives - The company provided guidance for 2023, projecting revenue growth of 15% to 1.725 billion, driven by new product launches and market expansion strategies[136] - The company plans to expand its market presence in automotive and server product sectors, focusing on key strategic customer development in overseas markets such as Japan, South Korea, and Europe[121] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 200 million RMB allocated for potential deals[134] - The company plans to enhance its talent development mechanism, focusing on practical and efficient training programs to meet strategic business needs[154]

证券代码：688183 证券简称：生益电子 公告编号： 2023-008 重要内容提示： 会议召开时间：2023 年 03 月 31 日(星期五) 下午 14:00-15:00 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 24 日(星期五) 至 03 月 30 日(星期四)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 bo@sye.com.cn 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。 生益电子股份有限公司（以下简称"公司"）已于 2023 年 3 月 28 日发布公 司2022年度报告，为便于广大投资者更全面深入地了解公司2022年度经营成果、 财务状况，公司计划于 2023 年 03 月 31 日 下午 14:00-15:00 举行 2022 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 生益电子股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董 ...

证券代码：688183 证券简称：生益电子 生益电子股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |-------------------------|---------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------| | | █特定对象调研 | □分析师会议 | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | □其他 | | 参与单位名称及 人员姓名 | 华鑫证券：刘 煜 中信证券：苗 信达澳亚：童昌希 淡 水 泉：陈晓生、曹阳 嘉实基金：彭 盘京基金：王 莉 | 丰、梁誉耀、刘 洋 民、姚志鹏、李 ...

证券代码：688183 证券简称：生益电子 生益电子股份有限公司 投资者关系活动记录表 编号：2022-004 | --- | --- | --- | |-------------------------|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's revenue for Q3 2022 was ¥876,614,974.88, representing a decrease of 10.39% compared to the same period last year[6] - Net profit attributable to shareholders for Q3 2022 was ¥74,928,714.91, an increase of 39.75% year-over-year[6] - The net profit excluding non-recurring gains and losses for Q3 2022 was ¥72,610,319.90, up 58.40% from the previous year[6] - The basic earnings per share for Q3 2022 was ¥0.09, reflecting a 50.00% increase compared to the same period last year[8] - Total operating revenue for the first three quarters of 2022 was CNY 2,675,679,661.42, slightly up from CNY 2,667,005,927.42 in the same period of 2021, representing a growth of 0.5%[27] - Net profit for the first three quarters of 2022 was CNY 235,915,055.99, compared to CNY 182,551,088.05 in 2021, reflecting an increase of about 29.3%[28] - Total comprehensive income for the third quarter of 2022 was CNY 236,365,963.96, compared to CNY 182,384,025.58 in the same quarter of 2021, indicating an increase of about 29.6%[28] - Operating profit for the first three quarters of 2022 was approximately ¥211.5 million, compared to ¥204.7 million in 2021, reflecting an increase of 3.4%[44] - Net profit for the first three quarters of 2022 was approximately ¥197.8 million, down from ¥210.8 million in 2021, indicating a decrease of 6.2%[44] Research and Development - The total R&D investment for Q3 2022 was ¥46,042,155.80, a decrease of 3.93% year-over-year, with R&D expenses accounting for 5.25% of revenue[8] - Research and development expenses for the first three quarters of 2022 totaled CNY 146,805,203.52, an increase from CNY 136,667,179.03 in 2021, showing a rise of approximately 7.8%[27] - Research and development expenses for the first three quarters of 2022 were approximately ¥124.6 million, slightly up from ¥122.5 million in 2021, indicating a growth of 1%[44] Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥6,606,663,949.08, an increase of 2.77% from the end of the previous year[9] - The company's current assets totaled RMB 2,901,022,190.45, down from RMB 3,046,673,274.93 in the previous year, reflecting a decrease of approximately 4.77%[19] - The company's total liabilities were RMB 2,024,940,254.06, a slight decrease from RMB 2,076,152,396.53 in the previous year[22] - The total liabilities increased to CNY 2,599,496,141.98 from CNY 2,524,403,357.25, marking an increase of about 3%[24] - The total equity attributable to shareholders reached CNY 4,007,167,807.10, up from CNY 3,903,893,231.14, reflecting an increase of approximately 2.7%[24] Cash Flow - Cash flow from operating activities for the year-to-date period increased by 70.60% compared to the previous year[12] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 2,708,328,339.46, an increase from CNY 2,594,798,525.56 in the same period of 2021, representing a growth of approximately 4.9%[32] - Net cash flow from operating activities for the first three quarters of 2022 was CNY 614,588,641.46, compared to CNY 360,250,176.77 in 2021, indicating a significant increase of approximately 70.6%[32] - Total cash outflow from investment activities in the first three quarters of 2022 was CNY 514,450,485.34, down from CNY 670,049,113.62 in the same period of 2021, reflecting a decrease of about 23.2%[35] - Net cash flow from financing activities for the first three quarters of 2022 was CNY 40,241,973.31, a decrease from CNY 1,379,204,457.66 in 2021, indicating a decline of approximately 97.1%[35] Shareholder Information - The company reported a total of 18,311 common shareholders at the end of the reporting period[14] - The largest shareholder, Guangdong Shengyi Technology Co., Ltd., held 62.93% of the shares[14] - The company has not reported any significant changes in its shareholder structure or any related party transactions during the reporting period[18] Operational Insights - The company expects to continue improving production capacity and operational efficiency, contributing to enhanced profitability in the future[12] - There were no new product launches or technological advancements mentioned in the conference call, focusing instead on operational performance and financial metrics[18]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,799,064,686.54, representing a 6.53% increase compared to CNY 1,688,750,675.15 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2022 was CNY 160,986,341.08, a 24.86% increase from CNY 128,934,594.64 in the previous year[22]. - The net cash flow from operating activities increased significantly to CNY 379,552,500.64, up 271.82% from CNY 102,078,954.40 in the same period last year[22]. - The company's total assets at the end of the reporting period were CNY 6,541,764,204.26, reflecting a 1.77% increase from CNY 6,428,296,588.39 at the end of the previous year[22]. - The basic earnings per share for the first half of 2022 was CNY 0.19, an increase of 11.76% compared to CNY 0.17 in the same period last year[23]. - The company reported a 50.14% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 156,188,238.60 compared to CNY 104,024,942.82 in the previous year[22]. - The weighted average return on net assets for the first half of 2022 was 4.09%, an increase of 0.10 percentage points from 3.99% in the same period last year[23]. Research and Development - The R&D expenditure as a percentage of operating revenue was 5.60%, up 0.35 percentage points from 5.25% in the previous year[23]. - R&D investment totaled approximately ¥100.76 million in the first half of 2022, representing a 13.55% increase from the previous year[63]. - The R&D personnel count has increased to 809, up from 649 in the previous year, with R&D staff now making up 15.61% of the total workforce[77]. - The company has filed 30 new invention patents and obtained 23 new invention patents in the first half of 2022, totaling 219 invention patents[54]. - The company has developed advanced PCB technologies for 5G base stations and high-speed optical modules, achieving international advanced levels[55]. - The company is focusing on advanced technologies in the network field, with significant investments in 5G-related PCB technologies, including a 30 million yuan project for high-speed BGA packaging[67]. - The R&D projects include a focus on high-density interconnects and advanced materials for 5G applications, with a total expected investment of 46 million yuan for high-speed material PCB technology[75]. Market and Industry Trends - The global PCB market is projected to reach $101.56 billion by 2026, with a CAGR of 4.6% from 2021 to 2026[45]. - The Chinese PCB market is expected to grow from $441.50 million in 2021 to $546.05 million by 2026, with a CAGR of 4.3%[47]. - The demand for automotive PCBs is projected to grow from $8.2 billion in 2021 to $11.8 billion by 2026, with a CAGR of 7.5%[51]. - The penetration rate of new energy vehicles is projected to reach 50% by 2030, significantly impacting the PCB industry[44]. - The demand for HDI boards is increasing, particularly in high-density consumer electronics, with a projected CAGR of 4.9% over the next five years[47]. - The company’s automotive electronics sales increased from 1% to 8% of total sales in 2021, continuing to rise in the first half of 2022[44]. Environmental Management - The company has implemented a comprehensive environmental monitoring system, ensuring all monitored parameters meet regulatory standards[149]. - The factory has received multiple environmental protection approvals for its construction projects, including the approval for a new multilayer printed circuit board project with a capacity of 150,000 Ft²/month[135]. - The company has achieved compliance with wastewater discharge standards, with a chemical oxygen demand (COD) concentration of less than 80 mg/L and total discharge of 7.942 tons[127]. - The company has reduced carbon emissions by a total of 2,800 tons of CO2 equivalent through various energy-saving projects during the reporting period[150]. - The factory's noise pollution control facilities are functioning well, ensuring that noise emissions remain within acceptable limits as of the first half of 2022[133]. - The company has established emergency response plans for environmental incidents, with no emergencies reported in the first half of 2022[148]. Corporate Governance and Compliance - The controlling shareholder, Shengyi Technology, committed to not transferring or managing shares held prior to the IPO for 36 months from the listing date[153]. - The company will comply with the China Securities Regulatory Commission's requirements regarding lock-up periods[155]. - The company has not faced any issues with timely and strict compliance with these commitments[161]. - The company will ensure compliance with relevant laws and regulations regarding the use of raised funds[177]. - The company has committed to protecting the rights of small and medium investors by implementing a series of management systems[177]. Strategic Initiatives - The company successfully established a wholly-owned subsidiary in Hong Kong to enhance its overseas market expansion, with export sales accounting for 40.36%, up from 29.40% year-on-year[85]. - The company plans to strengthen market expansion and promotion efforts for existing products and businesses, aiming to increase the scale of its main operations and profitability[177]. - The company will increase R&D investment and enhance talent development to improve product competitiveness and profitability[177]. - The company is advancing the Dongcheng Phase IV project, which focuses on high-density printed circuit boards for 5G applications, expected to begin trial production in Q4 2022[88].

Revenue and Profit - Revenue for Q1 2022 reached ¥860,364,945.33, an increase of 7.24% compared to the same period last year[5] - Net profit attributable to shareholders was ¥74,716,070.90, reflecting a growth of 16.08% year-on-year[5] - Net profit excluding non-recurring gains and losses was ¥71,688,259.90, showing a significant increase of 71.09%[5] - Total operating revenue for Q1 2022 was CNY 860,364,945.33, an increase of 7.2% compared to CNY 802,281,242.77 in Q1 2021[29] - Net profit for Q1 2022 reached CNY 74,716,070.90, representing a 16.5% increase from CNY 64,367,941.85 in Q1 2021[29] - Earnings per share for Q1 2022 remained stable at CNY 0.09, consistent with Q1 2021[31] Cash Flow - Net cash flow from operating activities amounted to ¥188,666,373.26, up by 30.53% compared to the previous year[5] - Cash inflow from operating activities in Q1 2022 was CNY 1,033,359,111.38, compared to CNY 876,614,811.10 in Q1 2021, indicating a growth of 17.9%[31] - The company's cash flow management appears to be improving, as evidenced by the increase in cash and cash equivalents alongside a decrease in total current liabilities[20][23] - The company reported a net cash outflow from investing activities of CNY 137,818,979.98, an improvement from a net outflow of CNY 240,378,635.34 in the previous period[33] - The company's cash inflow from financing activities was CNY 505,718,683.45, a decrease from CNY 2,255,981,522.73 in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,658,261,286.83, representing a 3.58% increase from the end of the previous year[7] - The total current assets amounted to RMB 3,261,090,446.39, an increase from RMB 3,046,673,274.93 as of December 31, 2021, reflecting a growth of approximately 7.05%[20] - The total liabilities decreased to RMB 2,578,833,430.62 from RMB 2,623,985,187.42, reflecting a decrease of approximately 1.72%[23] - The total liabilities as of the reporting date were CNY 2,679,487,259.06, an increase from CNY 2,524,403,357.25 in the previous year[29] - Long-term borrowings increased significantly to RMB 546,782,490.89 from RMB 346,832,490.89, marking an increase of approximately 57.67%[23] Equity and Investment - Shareholders' equity attributable to the parent company was ¥3,978,774,027.77, an increase of 1.92% year-on-year[7] - Total equity attributable to shareholders increased to CNY 3,978,774,027.77 from CNY 3,903,893,231.14, marking a growth of 1.9%[29] - R&D investment totaled ¥44,145,332.10, which is 5.13% of revenue, up by 0.18 percentage points[5] Inventory and Receivables - The inventory level rose to RMB 703,376,123.59 from RMB 677,292,066.19, reflecting an increase of about 3.86%[20] - The accounts receivable decreased to RMB 975,718,235.02 from RMB 1,026,314,639.93, indicating a decline of approximately 4.93%[20] Comprehensive Income and Expenses - The company reported a decrease in comprehensive income tax of CNY 164,725.73 in Q1 2022 compared to CNY 139,330.26 in Q1 2021[31] - The total comprehensive income for Q1 2022 was CNY 63,994,777.57, a decrease from CNY 83,039,094.14 in Q1 2021[44] - The company reported a decrease in financial expenses, with interest expenses down to CNY 10,489,906.17 from CNY 13,298,500.34 in the previous year[42]

Financial Performance - The company's operating revenue for 2021 was CNY 3,647,394,627.95, a slight increase of 0.38% compared to the previous year[23]. - Net profit attributable to shareholders decreased by 39.83% to CNY 264,273,119.32 in 2021[23]. - The net cash flow from operating activities fell by 49.73% to CNY 421,454,567.51[23]. - The basic earnings per share dropped by 50.00% to CNY 0.33[23]. - The total operating revenue was 3,647,394,627.95 RMB, a year-over-year increase of 0.38%[113]. - The net profit attributable to shareholders was 264,273,119.32 RMB, a decrease of 39.83% year-over-year[116]. - Operating cash flow net amount decreased by 49.73% to 421,454,567.51 RMB[113]. Dividend Distribution - The company plans to distribute a cash dividend of 1.60 CNY per 10 shares, totaling approximately 133.09 million CNY, which represents 50.36% of the net profit attributable to shareholders for 2021[6]. - In the previous year, the company distributed a cash dividend of 3.30 RMB per 10 shares (including tax), totaling 274,500,987.75 RMB[196]. Corporate Governance - The company has received a standard unqualified audit report from Huaxing Accounting Firm[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not experienced any violations of decision-making procedures regarding external guarantees[7]. - The company has not reported any special arrangements for corporate governance[7]. - The company has confirmed that all board members attended the board meeting[5]. - The company has established a governance structure to ensure efficient operations and compliance with relevant regulations[149]. - The audit committee held multiple meetings to review important financial reports and proposals, including the annual audit report and profit distribution plan[187]. Research and Development - Research and development expenses accounted for 5.20% of operating revenue, an increase of 0.9 percentage points from the previous year[23]. - The total R&D expenditure for 2021 was approximately ¥189.58 million, representing a 21.37% increase from the previous year, and accounting for 5.20% of total revenue[79]. - The company has invested over 30 years in R&D, resulting in 13 core technologies in the PCB manufacturing field, maintaining a strong competitive edge[70]. - The company is currently involved in significant R&D projects, including a high-isolation transceiver antenna array design for 5G communications, supported by national key R&D plans[71]. - The company has completed several key R&D projects, including a selective gold-plated composite surface treatment PCB with an investment of ¥16,000,000, achieving a cumulative investment of ¥11,886,733.38[83]. - The company has made significant advancements in 5G-related PCB technologies, with multiple projects completed in high-frequency and high-speed materials[83]. Market Position and Strategy - The company focuses on high-end applications in the PCB market, including communication, network, automotive, and consumer electronics sectors[42]. - The company is actively involved in the development of high-end server products, having passed multiple PCB product certifications for these products[58]. - The company is positioned to benefit from the growing applications of HDI technology in consumer electronics, particularly in smartphones and laptops[53]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence, with a budget of 500 million RMB allocated for this purpose[165]. - The company aims to strengthen its international market presence and enhance its overseas marketing service network[145]. Operational Efficiency - The company aims to improve operational efficiency through lean TPM (Total Productive Maintenance) projects, focusing on cost reduction and efficiency enhancement across various processes[36]. - The company has implemented a comprehensive quality management system to enhance product quality and process control[34]. - The company emphasizes automation and digital transformation to enhance management and manufacturing capabilities, creating a virtuous cycle of improvement[98]. Risks and Challenges - The company faced challenges from rising raw material costs and a decrease in demand from telecommunications clients due to the adjustment of the 5G construction cycle[32]. - The company is exposed to macroeconomic risks due to uncertainties in international economic trends and potential impacts from trade tensions and the COVID-19 pandemic[109]. - The company faces risks related to technological innovation, as it operates in a technology-intensive industry where maintaining competitive advantages is critical[99]. Employee and Management - The total number of employees in the parent company is 4,028, with a combined total of 5,037 employees across the parent and major subsidiaries[191]. - The total remuneration for core technical personnel at the end of the reporting period was CNY 670.05 million[177]. - The company has established a competitive salary and incentive system, considering factors such as profitability and local living standards[192]. - The company emphasizes talent development as a key focus for 2021, implementing various training programs to enhance employee skills[195]. Financial Position - Cash and cash equivalents at the end of the period were 1,163,314,673.29 RMB, making up 18.10% of total assets, a significant increase of 636.68% compared to the previous period[132]. - Fixed assets reached 2,592,670,722.11 RMB, accounting for 40.33% of total assets, with a growth of 33.37% from the previous period[132]. - The total debt has been reduced by 10% to 300 million, improving the company's financial stability[171].

Financial Performance - The company's operating revenue for Q3 2021 was ¥978,255,252.27, an increase of 8.16% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥53,616,493.41, a decrease of 44.12% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥45,839,775.09, down 51.04% from the previous year[4]. - Total operating revenue for the first three quarters of 2021 was CNY 2,667,005,927.42, a decrease of 5.1% compared to CNY 2,810,583,223.93 in the same period of 2020[38]. - Operating profit decreased significantly to CNY 163,881,083.88, down 63.5% from CNY 449,358,931.89 in the previous year[38]. - The net profit for the current period is ¥182,551,088.05, a decrease from ¥392,933,851.08 in the previous period, representing a decline of approximately 53.6%[40]. - The total comprehensive income for the current period is ¥182,384,025.58, down from ¥391,664,221.06, indicating a decrease of about 53.5%[40]. - The basic and diluted earnings per share for the current period are both ¥0.23, compared to ¥0.59 in the previous period, reflecting a decline of approximately 61.0%[40]. Research and Development - The total R&D investment for Q3 2021 was ¥47,926,195.72, representing 4.90% of operating revenue, an increase of 0.12 percentage points year-on-year[8]. - Research and development expenses rose to CNY 136,667,179.03, an increase of 4.4% compared to CNY 130,369,620.36 in the same period last year[38]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥6,283,904,865.71, an increase of 37.46% compared to the end of the previous year[8]. - The equity attributable to shareholders at the end of Q3 2021 was ¥3,822,122,197.06, up 96.84% year-on-year[8]. - Total liabilities decreased to CNY 2,461,782,668.65 from CNY 2,629,614,528.99, a reduction of 6.4%[35]. - The company's equity attributable to shareholders decreased slightly from 1,941,769,208.16 to 1,939,300,238.13, showing a reduction of 2,468,970.03[53]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥360,250,176.77, down 33.31% compared to the previous year[4]. - Cash flow from operating activities for the first three quarters of 2021 is ¥360,250,176.77, down from ¥540,171,643.46 in the same period of 2020, a decrease of about 33.4%[43]. - Cash flow from investing activities shows a net outflow of ¥638,730,665.62, an improvement from a net outflow of ¥783,563,363.72 in the previous year[44]. - Cash flow from financing activities has increased significantly to ¥1,379,204,457.66, compared to ¥163,868,078.49 in the previous period, indicating a substantial increase[44]. Market Conditions and Challenges - The company faced challenges due to macroeconomic conditions and supply shortages, leading to a decrease in demand for high-value products[11]. - The company anticipates a potential decline in operating results for the year 2021 compared to the previous year due to macroeconomic conditions[25]. Inventory and Receivables - Accounts receivable increased to RMB 991,340,908.00 from RMB 860,978,899.39 year-over-year, indicating a growth in sales or credit terms[29]. - Inventory levels rose to RMB 702,653,450.15 compared to RMB 554,949,105.56 at the end of 2020, reflecting increased production or stockpiling[29]. - The company reported a total current asset of RMB 3,129,094,983.83, up from RMB 1,757,652,640.72 in the previous year, showing strong liquidity[29]. Shareholder Information - The number of unrestricted circulating shares released from lock-up was 6,450,011 shares, effective from August 25, 2021[24]. - The company has not reported any significant changes in shareholder relationships or actions that would affect voting rights among the top shareholders[23].