Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with a total revenue of RMB 500 million, representing a 25% year-over-year growth[17]. - The company's revenue for the first half of the year was approximately ¥237.29 million, a decrease of 10.70% compared to ¥265.73 million in the same period last year[26]. - The net profit attributable to shareholders was a loss of ¥85,025.55, representing a decline of 100.25% from a profit of ¥34.08 million in the previous year[26]. - The basic earnings per share for the first half of the year was -¥0.0008, down 100.21% from ¥0.3787 in the same period last year[24]. - The company achieved operating revenue of 237.29 million yuan and a net profit attributable to shareholders of -0.085 million yuan during the reporting period[72]. - The total assets of the company reached 868.95 million yuan, with net assets attributable to shareholders amounting to 501.21 million yuan[72]. Research and Development - The company is investing in R&D, allocating RMB 50 million for the development of new technologies and products[17]. - Research and development expenses accounted for 9.19% of operating revenue, an increase of 55.65 percentage points compared to 5.91% in the previous year[24]. - The company achieved a total R&D investment of ¥21,815,756.93, representing a 38.99% increase compared to the previous period's ¥15,695,354.99[55]. - The company added 4 new utility model patents and 1 software copyright during the reporting period, bringing the total number of patents to 99[53]. - The company has developed a new Bluetooth earphone antenna design, which improves antenna efficiency and reduces internal space usage, enhancing market competitiveness[58]. Market Expansion and Strategy - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30%[17]. - Market expansion plans include entering two new regions, aiming for a 10% market share in these areas by the end of 2022[17]. - The company is actively expanding into automotive electronics, optoelectronics, home appliances, and security applications, enhancing its product range and sales scale[31]. - The company is focusing on high-end products with significant market potential, particularly in precision optical equipment and high-end electronic components[58]. - The company is leveraging its technological advantages in injection molding to enhance the performance and cost-effectiveness of its new products[58]. Production and Operations - The company has established a production model of "sales-driven production," adjusting production plans based on customer orders and inventory levels[38]. - The company has established fully automated processes for various products, improving production efficiency and product quality stability[45]. - The company’s dual-color molding equipment allows for quick mold switching, enhancing production flexibility and reducing costs[49]. - The company has integrated over 800 sets of customized AOI systems across production lines for continuous measurement and data collection, improving quality control[51]. - The company has improved its production processes through automation technology, enhancing production efficiency and product quality[69]. Financial Management and Cash Flow - The management highlighted the importance of maintaining strong cash flow, reporting a cash flow from operations of RMB 150 million, up 30% from the previous year[17]. - The company reported a net cash flow from operating activities of -¥21.49 million, a decrease of 136.64% from ¥58.66 million in the same period last year[26]. - Cash flow from investing activities was -¥206,625,746.10, a significant increase from -¥31,050,967.16 in the previous year[87]. - Cash flow from financing activities was ¥257,723,162.31, compared to -¥10,917,281.00 in the previous year, primarily due to funds raised from the initial public offering[87]. Risks and Challenges - The company has identified potential risks in the supply chain and is taking measures to mitigate these risks, including diversifying suppliers[17]. - The company faces risks related to market competition, including rapid technological upgrades and the need for timely product development[76]. - The company has established long-term stable relationships with key suppliers, but raw material price fluctuations pose a risk to profitability[77]. - The company may experience uncertainties in future sales revenue in automotive, home appliance, and optoelectronic semiconductor sectors if it fails to develop new products and clients[79]. Shareholder Commitments and Governance - The company has committed to shareholding restrictions for its major shareholders and core technical personnel, effective for 12 to 36 months from the date of listing[105]. - The company has a lock-up period of 24 months for shareholders holding more than 5% of shares, effective from April 6, 2021[109]. - The controlling shareholder Wang Bin committed to a 36-month lock-up period for shares held prior to the IPO, with an extension of 6 months if the stock price falls below the IPO price for 20 consecutive trading days within the first 6 months post-IPO[112]. - The company will ensure that any false statements in its prospectus will lead to a buyback of shares and compensation for investors[139]. - The company has established measures to ensure that any unfulfilled commitments will be publicly explained and apologized for at shareholder meetings[151].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[14]. - The company reported a revenue of 237.29 million yuan for the first half of the year, a decrease of 10.7% compared to 265.73 million yuan in the same period last year[21]. - The net profit attributable to shareholders was -0.085 million yuan, down 100.25% from 34.08 million yuan in the previous year[22]. - The basic earnings per share were -0.0008 yuan, a decline of 100.21% from 0.3787 yuan in the same period last year[21]. - The company achieved operating revenue of 237.29 million yuan and a net profit attributable to shareholders of -0.085 million yuan during the reporting period[69]. - The total assets at the end of the reporting period amounted to 868.95 million yuan, with net assets attributable to shareholders at 501.21 million yuan[82]. - The company's main business gross margin has declined, reflecting challenges in production technology and cost management[82]. Revenue Growth and Forecast - The company expects a revenue growth forecast of 25% for the second half of 2021, driven by new product launches and market expansion strategies[14]. - The company has launched two new product lines, which are expected to contribute an additional RMB 100 million in revenue by year-end[14]. - The company achieved a revenue of 2.4 billion RMB from the new lead frame project, with a target production capacity of 10 billion units annually[59]. Research and Development - Investment in R&D increased by 30% compared to the previous year, focusing on new technologies in electronic components[14]. - Research and development expenses accounted for 9.19% of operating revenue, an increase of 55.65% compared to 5.91% in the previous year[21]. - The company achieved a total R&D investment of ¥21,815,756.93, representing a 38.99% increase compared to ¥15,695,354.99 in the previous period[55]. - R&D investment accounted for 9.19% of total revenue, up from 5.91%, marking an increase of 55.65 percentage points[56]. - The company added 4 new utility model patents and 1 software copyright during the reporting period, bringing the total number of patents to 186 and copyrights to 12[53]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[14]. - A strategic acquisition of a local competitor is under consideration to enhance production capabilities and market reach[14]. - The company is actively expanding into the automotive, home appliance, and optoelectronic semiconductor sectors, with several certifications already obtained[71]. Production and Technology - The company is currently in the product validation and small-scale production ramp-up phase for automotive electronics and semiconductor products, expecting future revenue growth[23]. - The company has successfully developed and commenced mass production of high thermal conductivity ceramic electronic circuit boards using Direct Plated Copper (DPC) technology[31]. - The company employs a "sales-driven production" model, adjusting production plans based on customer orders and inventory levels[36]. - The company has developed automated devices to enhance the efficiency of key process nodes, forming a fully automated process for various products[45]. Risks and Challenges - The management highlighted potential risks related to supply chain disruptions, which could impact future performance[14]. - The decline in profit was primarily attributed to reduced sales scale and increased unit product costs due to lower production capacity utilization[23]. - The company faces risks from intensified market competition and the need for rapid technological upgrades to meet customer demands[72]. - The company faces risks from raw material price fluctuations, particularly in plastics and metals, which could adversely affect profitability[74]. Shareholder Commitments and Governance - The company has committed to shareholding restrictions for major shareholders for a period of 36 months following the IPO[103]. - The controlling shareholder Wang Bin committed to a 36-month lock-up period for shares held prior to the IPO, with an extension of 6 months if the stock price falls below the IPO price for 20 consecutive trading days within the first 6 months post-IPO[109]. - The company has implemented measures to address dilution of immediate returns for shareholders[107]. - The company guarantees that its prospectus and other disclosures do not contain false records or misleading statements[136]. Financial Position and Assets - Total assets increased by 41.64% to 868.95 million yuan from 613.48 million yuan at the end of the previous year[22]. - Cash and cash equivalents increased by 112.79% to ¥48,853,298.80, up from ¥22,958,742.32 in the previous year[87]. - Accounts receivable decreased by 26.77% to ¥126,756,620.87, compared to ¥173,083,878.99 last year[87]. - Inventory rose by 24.34% to ¥77,455,614.74, up from ¥62,292,179.96 in the previous year[87]. Environmental Compliance - The subsidiaries involved in metal surface treatment are not classified as key pollutant units, indicating a focus on environmental compliance[99]. - There are no reported administrative penalties related to environmental issues during the reporting period[99]. - The company has not reported any measures taken to reduce carbon emissions during the reporting period[101].

2021 年第一季度报告 公司代码：688260 公司简称：昀冢科技 苏州昀冢电子科技股份有限公司 2021 年第一季度报告 1 / 29 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 10 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | --- | --- | --- | --- | | | | | 末增减(%) | | 总资产 | 93,216.34 | 61,347.7 | 51.95 | | 归属于上市 | 50,907.51 | 25,124.71 | 102.62 | | 公司股东的 | | | | | 净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期 | 比上年同期增减(%) | | | | 末 | | | 经营活动产 | -338.13 | 2,963.02 | -111.41 | | 生的现金流 | | | | | 量净额 | | | | ...