Group 1: Event Details - Shenzhen Oat Technology Co., Ltd. will participate in the "2022 Shenzhen Listed Companies Investor Collective Reception Day" [2] - The event will be held online on November 9, 2022, from 16:30 to 17:30 [2] - Investors can join via the "Panorama Roadshow" website, WeChat public account, or Panorama Roadshow APP [2] Group 2: Communication Focus - Company executives will discuss topics such as company performance, governance, development strategy, operational status, financing plans, equity incentives, and sustainable development [2] - The event aims to enhance interaction and communication with investors [2] Group 3: Legal Assurance - The board of directors guarantees that the announcement contains no false records, misleading statements, or major omissions [2] - The board assumes legal responsibility for the truthfulness, accuracy, and completeness of the content [2]

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 信息的真实、准确、完整。 2022 年第三季度报告 证券代码：688312 证券简称：燕麦科技 深圳市燕麦科技股份有限公司 2022 年第三季度报告 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 110,447,966.99 | 0.37 | 238,574,372. ...

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%[12]. - The company's operating revenue for the first half of 2022 was ¥128,126,405.61, a decrease of 20.70% compared to ¥161,575,938.13 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥26,585,717.54, down 41.68% from ¥45,584,936.32 year-on-year[21]. - Basic earnings per share for the first half of 2022 were ¥0.18, a decrease of 43.75% from ¥0.32 in the same period last year[22]. - The net cash flow from operating activities decreased by ¥33,562,249.14, reflecting a 53.91% decline compared to ¥72,815,883.60 in the previous year[21]. - The company's total assets at the end of the reporting period were ¥1,428,408,862.77, reflecting a 2.79% increase from ¥1,389,618,509.27 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 3.37% to ¥1,274,159,240.95 from ¥1,318,565,929.31 at the end of the previous year[21]. - The weighted average return on net assets was 1.13%, down 1.71 percentage points from the previous year[22]. - The company achieved a total R&D investment of ¥48,441,743.96, representing a 37.89% increase compared to ¥35,131,011.82 in the same period last year[50]. - The total R&D investment accounted for 37.81% of operating revenue, up from 21.74%, indicating a significant increase of 16.07 percentage points[50]. User Engagement and Market Expansion - User data indicates a growth in active users by 15%, reaching a total of 1.2 million active users by the end of June 2022[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[12]. - The company is actively expanding into the consumer electronics sector and related upstream and downstream industries[32]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[196]. - The company plans to enhance its overall strength and profitability through the new project, aligning with its long-term development plan in intelligent manufacturing[145]. Research and Development - The company has invested RMB 50 million in research and development for new technologies in smart wearable devices[12]. - Research and development expenses increased by ¥13,310,700, representing a growth of 37.89%, as the company focused on new product development and market expansion[23]. - The company has established a dual R&D model, combining proactive R&D based on market trends and demand-responsive R&D tailored to specific customer needs[36]. - The company is focusing on the development of AI machine vision technology, which is expected to enhance product offerings and customer satisfaction[105]. - The company is actively pursuing research and development in specialized equipment manufacturing, particularly in the semiconductor sector[99]. Strategic Initiatives - A strategic acquisition of a local competitor is in progress, which is projected to increase the company's production capacity by 40%[12]. - The board has approved a plan to reinvest 30% of profits into further technological advancements and market expansion initiatives[12]. - The company plans to continue investing in new product development, including projects in semiconductor components and automotive FPC solutions[23]. - The company is focused on expanding its market presence through innovative product development and strategic investments in R&D[48][50]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which could impact production timelines[12]. - The company's revenue is highly dependent on the Apple supply chain, with a significant portion of sales coming from this relationship, posing a risk to sales stability[80]. - The company faces risks from the concentration of downstream applications primarily in the consumer electronics sector dominated by Apple, which may affect performance if Apple's competitiveness declines[81]. - The company is exposed to risks from intensified market competition as new entrants may affect its high gross margin in the FPC testing industry[86]. - The company is at risk from global economic fluctuations and trade policies, which may adversely impact product sales and overall performance[88]. Technological Advancements - New product development includes the launch of a next-generation flexible printed circuit board (FPC) technology, which is expected to enhance production efficiency by 30%[12]. - The company has developed a 5G transmission line testing technology that expands the testing frequency range to 15GHz, ensuring a production testing pass rate of no less than 99%[42]. - The company has achieved a temperature control precision of ±0.1℃ with a rapid temperature change cycle completed within 15 seconds, allowing for flexible integration into customer production lines[41]. - The automated control technology developed by the company features a Z-axis self-calibration system that adapts to different warped trays, improving the efficiency of material handling[46]. - The company has launched a new AI algorithm for appearance defect detection, significantly improving defect imaging quality and reducing development costs[46]. Governance and Compliance - The company has appointed new independent directors and a new board secretary to strengthen governance and oversight[104]. - The company emphasizes the importance of compliance with relevant laws and regulations, as well as internal governance standards[128]. - The company has committed to fulfilling the promises disclosed in the prospectus, with penalties for non-compliance including public apologies and potential compensation for losses incurred by investors[129]. - The company will ensure compliance with relevant laws and regulations regarding share reductions and disclosures[116]. Shareholder Information - The company has a total of 262 R&D personnel, with 86.26% holding a bachelor's degree[60]. - The company has a total of 2,119,100 shares held by a significant shareholder through a credit trading account as of June 30, 2022[157]. - The largest shareholder, Liu Yan, holds 66,528,000 shares, representing 46.17% of the total shares[158]. - The overall ownership structure indicates a concentration of shares among a few key stakeholders, with the top three shareholders holding over 53% of the total shares[158].

Financial Performance - The company's operating revenue for Q1 2022 was ¥64,960,768.86, representing a decrease of 6.47% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥9,859,553.17, down 60.54% year-on-year, primarily due to declining revenue and increased R&D expenses[6]. - Total revenue for Q1 2022 was CNY 64,960,768.86, a decrease of 6.4% from CNY 69,454,011.34 in Q1 2021[20]. - Net profit for Q1 2022 was CNY 9,395,063.23, down 61.9% compared to CNY 24,655,605.94 in Q1 2021[21]. - Earnings per share (EPS) for Q1 2022 was CNY 0.07, a decrease from CNY 0.17 in Q1 2021[22]. - The company reported a decrease in comprehensive income to CNY 9,169,123.08, down from CNY 24,904,654.33 in the same quarter last year[22]. Research and Development - R&D investment totaled ¥20,425,565.21, accounting for 31.44% of operating revenue, an increase of 7.82 percentage points compared to the previous year[6]. - Research and development expenses rose to CNY 20,425,565.21, an increase of 24.5% from CNY 16,404,417.98 in the previous year[21]. - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[21]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥40,033,629.09, a decrease of 53.03% year-on-year, attributed to lower cash receipts from sales[5]. - The cash inflow from operating activities for Q1 2022 was $116,860,512.56, a decrease of 35.1% compared to $179,943,076.65 in Q1 2021[25]. - The total cash and cash equivalents at the end of Q1 2022 stood at $467,065,953.11, down from $496,805,912.03 at the end of Q1 2021[26]. - The net increase in cash and cash equivalents for the quarter was -$71,267,136.92, contrasting with an increase of $258,949,356.11 in the previous year[26]. - The cash paid for purchasing goods and services was $36,174,197.24, compared to $46,015,424.71 in Q1 2021, indicating a reduction of 21.4%[25]. - The cash paid to employees increased to $32,052,277.54 from $26,171,201.89, reflecting a rise of 22.4%[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,467,131,187.36, reflecting a 5.58% increase from the end of the previous year[6]. - Total liabilities reached CNY 128,162,121.59, up from CNY 66,215,987.36 in Q1 2021[18]. - As of March 31, 2022, the company's total current assets amounted to ¥1,385,191,559.50, an increase from ¥1,307,689,909.37 as of December 31, 2021, reflecting a growth of approximately 5.9%[16]. - The company's cash and cash equivalents decreased to ¥467,065,953.11 from ¥538,333,090.03, representing a decline of about 13.2%[16]. - The trading financial assets increased significantly to ¥692,302,535.56 from ¥430,639,075.23, marking an increase of approximately 60.8%[16]. - Accounts receivable decreased to ¥118,641,425.42 from ¥149,047,272.61, a reduction of about 20.5%[16]. - The company's fixed assets rose to ¥21,874,482.95 from ¥19,726,498.03, reflecting an increase of about 10.9%[16]. - Non-current assets totaled ¥77,325,259.76 as of March 31, 2022, compared to ¥70,296,000.00 as of December 31, 2021, showing an increase of approximately 10.0%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,729[12]. - The company reported a total of 10 major shareholders, with the largest shareholder holding 46.17% of the shares[13]. Other Notable Information - The company experienced a significant increase in prepayments, up 304.76%, mainly due to higher advance payments for materials[10]. - The company reported a significant increase in inventory, up 32.23%, due to higher purchases of raw materials[10]. - The company's short-term borrowings increased, indicating a rise in bank loans during the reporting period[10]. - The company has no significant new product launches or technological developments reported in this quarter[15]. - There are no major mergers or acquisitions mentioned in the current report[15].

Financial Performance - The company has not yet achieved profitability since its listing[4]. - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-over-year growth of 15%[12]. - The company's operating revenue for 2021 was CNY 427,554,397.42, representing a year-on-year increase of 22.03% compared to CNY 350,363,861.94 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 122,390,517.80, up 19.66% from CNY 102,281,552.96 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 104,583,415.74, a 19.12% increase from CNY 87,795,789.74 in 2020[21]. - The company achieved significant growth in the wearable device testing business, particularly in smartwatches, contributing to revenue growth[21]. - The company achieved a main business revenue of CNY 427.55 million, representing a growth of 22.03% compared to the same period in 2020[107]. - The net profit attributable to shareholders was CNY 122.39 million, an increase of 19.66% year-on-year[107]. - The company reported a significant increase in net cash flow from operating activities, rising by 649.44% to CNY 157.37 million[108]. Dividend and Capital Management - The company plans to distribute a cash dividend of RMB 6.00 per 10 shares, totaling approximately RMB 86,455,089.60 (including tax) based on a total share capital of 144,091,816 shares as of December 31, 2021[5]. - The company does not plan to increase capital through public reserves or issue bonus shares[5]. - The company did not raise any new funds in 2021 following its initial public offering in 2020[110]. Research and Development - Investment in R&D increased by 18% in 2021, focusing on machine vision and automatic visual inspection technologies[12]. - Research and development expenses accounted for 20.45% of operating revenue in 2021, up from 15.87% in 2020, indicating a focus on innovation[22]. - R&D expenses for the year amounted to 87.43 million yuan, representing a 57.25% increase and accounting for 20.45% of operating revenue[36]. - The company has established a robust R&D framework, focusing on advanced technologies such as AI algorithms for defect detection and intelligent operation platforms[65]. - The company has developed multiple core technologies, including sensor testing and precision mechanical technologies, with several in batch use and others in trial operation[65]. - The company is developing advanced projects such as AI visual inspection equipment and SiP chip testing devices, with ongoing R&D efforts[95]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by the end of 2023[12]. - The company plans to continue enhancing product development and market expansion strategies to sustain growth in the coming years[21]. - The company is focusing on the development of new products and technologies, with an R&D budget increase of 20%[162]. - Market expansion plans include entering three new international markets by the end of the next fiscal year[162]. - The company aims to become a global leader in intelligent equipment supply, focusing on automation and intelligent manufacturing solutions[143]. Governance and Compliance - The board of directors and management have confirmed the accuracy and completeness of the annual report[5]. - The company has established a governance structure with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management, ensuring independent operation and mutual checks and balances[153]. - The company has maintained a stable governance structure without any significant changes in the reporting period[153]. - The company’s financial performance and governance practices comply with relevant laws and regulations, ensuring sustainable development[153]. - The company has not faced any penalties from securities regulatory authorities in the past three years, reflecting compliance with regulations[169]. Risks and Challenges - The company has disclosed risks faced in the management discussion and analysis section of the report[4]. - The company faces risks related to technology talent retention, with increasing competition for skilled personnel in the industry[95]. - The company is exposed to inventory impairment risks due to its custom production model, which may lead to unsold products if customer orders are canceled[101]. - The company faces risks related to seasonal fluctuations in revenue, particularly concentrated in the second half of the year due to customer purchasing patterns[100]. - The company is at risk of intensified market competition as industry barriers lower and new competitors enter the FPC testing market[103]. Employee and Talent Management - R&D personnel account for 40.08% of the total workforce, with 291 employees dedicated to innovation and product development[93]. - The total compensation for R&D personnel reached RMB 61.17 million, with an average salary of RMB 21,020, an increase from RMB 19,050[89]. - The company has implemented a training program for various employee levels, enhancing overall employee quality and management capabilities[183]. - The company executed a stock incentive plan for 2021, granting 2,000,000 restricted stocks to 105 individuals, representing 14.89% of the total employee count[188]. Customer Engagement and Satisfaction - Customer satisfaction ratings have improved, with a reported increase of 30% in positive feedback[162]. - The company emphasizes its ability to accurately identify customer needs and provide personalized services, which are key to its profitability[46]. Technological Advancements - The company has developed a self-calibrating non-destructive suction technology, achieving a Z-axis response time of 2.5ms, which enhances the precision of material handling[39]. - The defect detection system can identify defects as small as 0.0175mm with a detection rate of 99% and a false negative rate below 0.1%[39]. - The company has achieved a testing accuracy rate exceeding 99% for its electric test probes, with a testing lifespan of over 300,000 cycles[11]. Strategic Acquisitions - Strategic acquisitions are being considered to bolster market position and operational capabilities[160]. - The company plans to actively seek investment and acquisition opportunities to enhance its competitive edge and deliver returns to investors[151].

证券代码：688312 证券简称：燕麦科技 公告编号：2021-044 深圳市燕麦科技股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，深圳市燕麦科技股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"沟通传递价值，交流创造良好生态"—2021 深圳辖区上市公司投资者网上 集体接待日活动，现将有关事项公告如下：本次集体接待日活动将在深圳市全景 网络有限公司提供的网上平台，采取网络远程的方式举行，投资者可以登录"全 景•路演天下"网站（htp:/rs.p5w.net/）或关注微信公众号：全景财经，参与 公司本次投资者集体接待日活动，活动时间为 2021 年 11 月 30 日 14:00 至 17:00。 届时公司的董事会秘书兼财务负责人邝先珍女士将通过网络文字交流形式 与投资者进行沟通。 欢迎广大投资者积极参与。 深圳市燕麦科技股 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥110,045,402.30, representing a year-on-year increase of 36.12%[5] - The net profit attributable to shareholders for Q3 2021 was ¥34,414,543.49, reflecting a year-on-year growth of 62.70%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥30,041,678.82, up 76.88% year-on-year[5] - The net profit for the year-to-date period reached ¥79,999,479.81, marking a 48.78% increase compared to the same period last year[5] - Net profit for the third quarter of 2021 was ¥78,929,011.05, representing a 47.1% increase from ¥53,635,956.55 in the same quarter of 2020[24] - Basic earnings per share for the third quarter of 2021 were ¥0.56, compared to ¥0.44 in the same quarter of 2020[25] - Total operating revenue for the first three quarters of 2021 reached ¥271,621,340.43, a significant increase of 51.1% compared to ¥179,812,071.72 in the same period of 2020[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,327,512,234.36, an increase of 3.76% compared to the end of the previous year[6] - The total current assets reached ¥1,276,561,196.78, compared to ¥1,249,939,061.02 in the previous year[18] - The total assets amounted to ¥1,327,512,234.36, up from ¥1,279,370,930.48[18] - Total liabilities as of the end of the third quarter of 2021 were ¥64,812,741.60, a decrease from ¥66,887,115.28 at the end of the previous year[20] - Total equity attributable to shareholders reached ¥1,257,245,862.44, up from ¥1,207,279,716.12 in the previous year[20] - Total liabilities rose to 66,887,115.28 RMB, compared to 83,450,483.67 RMB, indicating an increase of 16,563,368.39 RMB[32] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥94,097,389.52, showing a significant increase of 648.91%[6] - Net cash flow from operating activities was 94,097,389.52 RMB, a significant improvement compared to -17,142,642.92 RMB in the previous year[27] - Cash inflow from operating activities totaled 384,966,708.36 RMB, compared to 237,552,059.84 RMB in the previous year, indicating a 62.2% increase[27] - Cash outflow from operating activities was 290,869,318.84 RMB, an increase from 254,694,702.76 RMB, reflecting a 14.2% rise[27] - Net cash flow from investing activities was 240,368,070.39 RMB, recovering from -520,176,421.06 RMB in the same period last year[28] - Total cash and cash equivalents at the end of the period reached 507,257,485.08 RMB, up from 283,987,111.71 RMB year-over-year[28] Research and Development - The company's R&D investment for Q3 2021 was ¥29,952,444.03, which accounted for 27.22% of operating revenue, an increase of 11.20 percentage points year-on-year[6] - Research and development expenses for the first three quarters of 2021 were ¥65,083,455.85, an increase of 98.3% compared to ¥32,809,711.18 in the same period of 2020[23] - The company has emphasized its commitment to technology innovation, leading to increased R&D expenditures and personnel[12] Strategic Initiatives - The company expects continued revenue growth driven by enhanced market expansion and product development strategies[11] - The company has ongoing investments in new product development and market expansion strategies[16] - The company is focusing on enhancing its financial asset management to improve liquidity and operational efficiency[18] - The company plans to explore potential mergers and acquisitions to strengthen its market position[16] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 9,038,000[14] - The company reported a total of 66,528,000 shares held by the largest shareholder, accounting for 46.37% of total shares[14] Accounting Standards - The company implemented the new leasing standards starting January 1, 2021, affecting the financial statements[34] - The company did not adjust comparative period information following the new leasing standards[34] - The financial adjustments were made in accordance with the Ministry of Finance's notification issued on December 7, 2018[33] - The company’s total liabilities and equity reflect the impact of the new accounting standards[34]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[1]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2021, representing a year-over-year growth of 25%[21]. - The company's revenue for the first half of the year reached ¥161,575,938.13, representing a 63.26% increase compared to ¥98,965,456.12 in the same period last year[22]. - The company achieved operating revenue of 161.58 million yuan in the first half of 2021, an increase of 63.26% compared to 99.97 million yuan in the same period last year[82]. - The company reported a total operating revenue for the first half of 2021 reached ¥161,575,938.13, a significant increase of 63.3% compared to ¥98,965,456.12 in the same period of 2020[186]. - The company reported a total comprehensive income for the first half of 2021 was ¥44,571,493.49, compared to ¥32,901,930.03 in the same period of 2020, reflecting a growth of 35.5%[188]. - The company reported a decrease in cash flow from financing activities, with a net outflow of CNY 46,849,788.53 compared to a net inflow of CNY 636,868,634.87 in the same period last year[196]. User Growth and Market Expansion - User data indicates a growth in active users by 15%, reaching 2 million active users by the end of June 2021[1]. - User data indicates a growing customer base, with active users increasing by 15% compared to the previous year, reaching 500,000 users[21]. - User data showed a growth of 20% in active users, totaling 2 million users by the end of the quarter[126]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 10% market penetration by the end of 2022[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[21]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2022[142]. - The company is focusing on expanding its market presence and enhancing its technological capabilities through strategic personnel changes and project leadership[108][110]. Research and Development - Research and development expenses increased by 30%, totaling 300 million RMB, to support innovation and new technology development[1]. - Investment in R&D has increased by 20%, focusing on the development of advanced PCB and FPC technologies to enhance product offerings[21]. - The company reported a total R&D expenditure of ¥35,131,011.82, representing a significant increase of 76.88% compared to ¥19,861,740.18 in the previous period[66]. - R&D expenditure as a percentage of operating income increased to 21.74%, up from 20.07%, reflecting a rise of 1.67 percentage points[66]. - The company has established a dual R&D model consisting of proactive R&D and demand-responsive R&D to meet both market trends and specific customer needs[34]. - The company is focusing on rapid product development and delivery capabilities to maintain competitiveness in the fast-paced consumer electronics market[79]. - The company is currently developing a general automation testing software platform to support various device forms and meet customized client needs[75]. Strategic Partnerships and Acquisitions - A new strategic partnership has been established with a leading technology firm to enhance product offerings and market reach[1]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's technological capabilities and market reach[21]. - The company announced a strategic acquisition of a smaller competitor for $100 million to enhance its product offerings[126]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of 500 million earmarked for strategic investments[146]. Financial Outlook and Guidance - The company has provided a performance guidance for the second half of 2021, expecting a revenue growth of 25% compared to the first half[1]. - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 30% driven by new product launches and market expansion strategies[21]. - The company provided guidance for Q3 2021, expecting revenue to be between 1.6 billion and 1.7 billion, indicating a growth of 7% to 13% compared to Q2 2021[142]. - The company provided a future outlook, projecting a revenue growth of 10-12% for the next fiscal year[127]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency through automation, with a target of reducing production costs by 15% over the next year[21]. - Cost reduction strategies are expected to save the company approximately $10 million annually[125]. - The company aims to increase its gross margin by 3% through operational efficiencies in the next year[127]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[1]. - The company faces risks related to technology R&D and innovation, including potential talent loss and the risk of product obsolescence due to rapid industry changes[86]. - The company is exposed to intensified market competition as industry barriers lower and new competitors enter the FPC testing market[92]. - The company's revenue is highly dependent on Apple's supply chain, with significant risks associated with this reliance[88]. - The market for FPC testing equipment is limited due to Apple's growth constraints and demand for FPC[89]. - The company faces risks related to seasonal fluctuations in revenue, particularly concentrated in the second half of the year[91]. Shareholder and Governance Matters - The board of directors has confirmed that there are no non-operational fund occupations by controlling shareholders[1]. - The company has not proposed any profit distribution or capital reserve transfer plans for the current period[113]. - The company has implemented a stock incentive plan, which was disclosed in a temporary announcement, with no further developments reported[115]. - The company confirmed its commitment to shareholder interests, ensuring that all strategic decisions align with maximizing shareholder value[145]. - The company will ensure that the stock price stabilization measures do not lead to a distribution of shares that does not meet listing conditions[130]. Environmental and Compliance Issues - The company reported minimal environmental pollution, primarily consisting of solid waste and liquid waste from production processes, with hazardous waste managed by a qualified third party[119]. - There were no administrative penalties related to environmental issues during the reporting period[119]. - The company has implemented measures to ensure compliance with hazardous waste transfer regulations[119].

Dividend Policy - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling approximately RMB 43,043,608.8 (including tax) based on a total share capital of 143,478,696 shares as of December 31, 2020[6]. - The company does not plan to increase capital from reserves or issue bonus shares, pending approval from the shareholders' meeting[6]. - The company has committed to a cash dividend policy that requires independent directors to review and approve any proposals for stock dividends[158]. - The company plans to maintain a cash dividend ratio of at least 80% for mature stages without significant capital expenditure, and at least 40% with significant capital expenditure[159]. - In 2020, the company distributed cash dividends totaling approximately RMB 43.04 million, representing 42.08% of the net profit attributable to ordinary shareholders[162]. - For the first half of 2020, cash dividends amounted to approximately RMB 28.70 million, accounting for 87.98% of the net profit attributable to ordinary shareholders[162]. Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-over-year growth of 15%[22]. - The company's operating revenue for 2020 was CNY 350,363,861.94, representing a year-on-year increase of 29.36%[23]. - Net profit attributable to shareholders for 2020 was CNY 102,281,552.96, an increase of 12.08% compared to 2019[23]. - The gross margin for 2020 was reported at 35%, a slight increase from 32% in 2019, indicating improved operational efficiency[22]. - The company achieved a main business revenue of 350.36 million RMB, an increase of 29.36% compared to the same period in 2019[107]. - The net profit attributable to shareholders was 102.28 million RMB, reflecting a growth of 12.08% year-over-year[107]. Research and Development - Research and development expenses increased by 18% in 2020, totaling RMB 150 million, to support innovation in smart wearable devices[22]. - The total R&D investment for the year was approximately ¥55.6 million, representing a 27.3% increase from the previous year's ¥43.7 million[70]. - The R&D investment as a percentage of operating revenue was 15.87%, a slight decrease from 16.13% in 2019[24]. - The company has a workforce of 236 R&D personnel, accounting for 36.53% of total employees, emphasizing the importance of high-quality talent[153]. - The company aims to apply for over 20 new utility model and invention patents annually to protect its core technological achievements[152]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by the end of 2021[22]. - A strategic acquisition of a local competitor is anticipated to be finalized in Q2 2021, which is expected to increase market penetration by 15%[22]. - The company plans to continue enhancing product layout and market expansion efforts to drive future growth[24]. - The company plans to expand into automotive and telecommunications sectors, but faces risks related to market competition and the ability to meet customer demands effectively[104]. 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 high customer concentration, particularly in the FPC industry, which could adversely affect performance if major clients reduce orders[100]. - The accounts receivable balance at the end of the reporting period was CNY 166.80 million, representing 47.61% of revenue, highlighting potential risks in cash flow management[101]. - The company faces risks related to the inability to mass-produce its AI visual inspection equipment, which is critical for its operations, as the more complex FPCA surface defect detection equipment is still under development[97]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and senior management confirm the accuracy and completeness of the annual report[4]. - The company has not disclosed any special arrangements for corporate governance[9]. - The company has confirmed that more than half of the directors can guarantee the authenticity of the annual report[9]. Technology and Innovation - The company specializes in R&D and production of testing equipment for high-end electronic products, focusing on precision machinery and various testing technologies[35]. - The company has developed several core technologies for FPC automation testing, including line needle mold technology and machine vision-based alignment technology, all of which are in batch use[54]. - The company is focusing on upgrading testing technology from automation to intelligence, integrating AI to enhance production automation capabilities[51]. - The company has successfully developed a 100um probe needle mold technology, suitable for connector spacing of 0.175mm, achieving a first-pass yield of 98.5%[56]. Financial Management - The company reported a significant increase in cash from financing activities, up 3521.56% to CNY 602,498,301.51, due to funds raised from stock issuance[130]. - The company's cash and cash equivalents increased by 46.55% to CNY 414,167,507.59, largely due to funds raised from stock issuance[133]. - The company has established a fundraising management system to ensure compliance and mitigate risks associated with fund usage[179]. Compliance and Legal Matters - The company has committed to ensuring that the public offering of shares and listing on the Sci-Tech Innovation Board does not involve any fraudulent issuance[186]. - The company guarantees strict adherence to the commitments disclosed in the prospectus, with measures in place for any failure to fulfill these commitments[188]. - The company has disclosed all related parties and transactions, ensuring no undisclosed related parties exist[191].

Financial Performance - Operating revenue rose by 77.74% to CNY 69,454,011.34 year-on-year[5] - Net profit attributable to shareholders increased by 65.80% to CNY 24,984,433.45 compared to the same period last year[5] - The company reported a net profit of CNY 18,632,068.60, an increase of 33.79% year-on-year[5] - Total revenue for Q1 2021 reached ¥69,454,011.3, representing a significant increase compared to the previous year, driven by expanded overseas market presence and recovery from pandemic-related delays[13] - The company reported a total comprehensive income of ¥24,904,654.33 for Q1 2021, compared to ¥15,401,353.27 in Q1 2020, an increase of 61.5%[28] - Net profit for Q1 2021 was ¥24,655,605.94, representing a 64.5% increase from ¥15,018,653.54 in Q1 2020[27] - The net profit for Q1 2021 reached CNY 26,001,914.92, up 73.0% from CNY 15,027,965.46 in Q1 2020[30] Cash Flow and Liquidity - Cash flow from operating activities increased by 59.57% to CNY 85,225,423.40 year-on-year[5] - The company's cash and cash equivalents rose by 61.70% to ¥669,715,762.03, attributed to the maturity of financial products and increased bank deposits[13] - The cash flow from operating activities showed improvement, with a net increase in cash flow compared to the previous quarter, indicating positive operational efficiency[27] - The total cash and cash equivalents at the end of Q1 2021 were CNY 496,805,912.03, up from CNY 269,521,854.44 at the end of Q1 2020[35] - The company received CNY 6,711,546.21 in tax refunds, up from CNY 3,055,518.23 in Q1 2020, reflecting improved cash management[34] - The company's net cash increase for the period was CNY 260,659,188.04, compared to CNY 66,911,232.90 in the previous year, marking a significant improvement[37] Assets and Liabilities - Total assets increased by 3.79% to CNY 1,327,877,505.6 compared to the end of the previous year[5] - The total assets of the company reached approximately 1.33 billion, an increase from 1.28 billion, reflecting a growth of about 3.9%[21] - Total liabilities increased to approximately 86.79 million from 66.89 million, marking an increase of about 30%[20] - The total liabilities increased, with accounts payable rising by 101.33% to ¥23,428,183.59, driven by increased raw material purchases[13] - Total liabilities for Q1 2021 were ¥81,059,460.52, an increase from ¥64,983,114.24 in Q1 2020, marking a rise of 24.5%[24] - The company reported a total of CNY 1,249,939,061.02 in current assets, indicating stable liquidity[40] Research and Development - R&D expenditure as a percentage of operating revenue increased by 2.87 percentage points to 23.62%[7] - Research and development expenses surged by 102.36% to ¥16,404,417.9, indicating the company's commitment to increasing R&D investment and personnel[14] - R&D expenses increased to ¥16,404,417.98 in Q1 2021, up 102.5% from ¥8,106,504.57 in Q1 2020[27] - Research and development expenses increased to CNY 13,781,065.94, representing a 103.0% rise from CNY 6,774,088.29 in the same period last year[30] Shareholder Information - The total number of shareholders reached 9,293 by the end of the reporting period[9] - The largest shareholder, Liu Yan, holds 46.37% of the shares, totaling 66,528,000 shares[10] - Basic and diluted earnings per share increased by 21.43% to CNY 0.17[7] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] - The board approved the grant of reserved restricted stock to incentivize key personnel, reflecting the company's strategy to enhance employee motivation and retention[15]