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]

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[6]. - The company has implemented a cash dividend policy, ensuring at least 10% of distributable profits are allocated for cash dividends when conditions are met[151]. - The company will maintain a profit distribution policy that prioritizes cash dividends, with minimum ratios of 80%, 40%, and 20% for different development stages[152]. - In 2020, the company distributed cash dividends amounting to ¥43,043,608.80, representing 42.08% of the net profit attributable to ordinary shareholders[156]. - For the first half of 2020, the cash dividends distributed were ¥28,695,739.20, which accounted for 87.98% of the net profit attributable to ordinary shareholders[156]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[156]. - The cash dividend policy requires detailed disclosure in the annual report, including compliance with regulations and protection of minority shareholders' rights[156]. - The company has a commitment to adjust its profit distribution policy based on operational needs and shareholder interests, requiring a two-thirds majority approval from shareholders[156]. 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 reported a net profit of RMB 150 million, a 20% increase from the previous year, reflecting strong operational performance[22]. - The company's operating revenue for 2020 was approximately ¥350.36 million, representing a year-on-year increase of 29.36% compared to ¥270.84 million in 2019[23]. - Net profit attributable to shareholders for 2020 was approximately ¥102.28 million, an increase of 12.08% from ¥91.25 million in 2019[23]. - 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-on-year[107]. - The gross profit margin for the main business was 59.73%, a decrease of 0.31 percentage points compared to the previous year[110]. - The net cash flow from operating activities decreased by 84.45% to approximately ¥20.99 million, down from ¥135.07 million in 2019, primarily due to increased material procurement and labor costs[25]. Audit and Governance - The board of directors and management confirm the accuracy and completeness of the annual report, assuming legal responsibility for any misstatements[4]. - The company received a standard unqualified audit report from Tianjian Accounting Firm[5]. - There are no special arrangements for corporate governance that apply to the company[9]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures regarding external guarantees[9]. Research and Development - Investment in R&D for new technologies increased by 30%, totaling RMB 300 million, focusing on smart wearable devices and machine vision technology[22]. - Research and development expenses accounted for 15.87% of operating revenue in 2020, a slight decrease from 16.13% in 2019[24]. - The company increased R&D investment to ¥55,597,101.80, a 27.30% increase from ¥43,674,087.19 in the previous year[70]. - The company has a total of 236 R&D personnel, making up 36.53% of the total workforce, with 91.95% holding a bachelor's degree or higher[94]. - 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 aims to apply for over 20 new utility model and invention patents annually, currently holding 59 authorized patents[146]. 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[22]. - The company provided a future outlook projecting a revenue growth of 20% for 2021, driven by new product launches and market expansion strategies[22]. - The company is actively engaged in R&D to address the technical challenges in FPC automation testing, ensuring it remains at the forefront of industry advancements[54]. - The company plans to enhance its R&D capabilities and expand its product offerings into chip-level and module-level testing areas[143]. - The company is targeting the wearable device market and expanding into the 5G RF product market, while also providing testing services for SiP chips[144]. Risks and Challenges - The company has outlined potential risks in its operations, which investors should be aware of[4]. - The company faces risks related to the inability to mass-produce AI visual inspection equipment, which is critical for its operations, with ongoing development for more complex products[97]. - Revenue from Apple-related sales remains high, posing a dependency risk, as the company’s income is significantly tied to the Apple supply chain[98]. - The company’s customer concentration is high, which could adversely affect performance if major clients reduce orders or face operational changes[100]. - The company must enhance its after-sales service capabilities to support new client needs as it expands into new markets, which is critical for successful market penetration[105]. Shareholder and Stock Management - The company will ensure that any income obtained from not fulfilling these commitments will be returned to the company within five days[163]. - The company will undertake compensation responsibilities if any losses are caused to the company or other investors due to the failure to fulfill commitments[163]. - The company has established conditions for initiating stock price stabilization measures, which will be triggered if the stock price falls below the audited net asset value per share for 20 consecutive trading days within 36 months of listing[163]. - The company will take measures to stabilize its stock price in accordance with legal and regulatory requirements once the conditions are met[163]. - The controlling shareholder and actual controller are required to increase their holdings if the stock price remains below the audited net asset value per share for 20 consecutive trading days after the buyback[168]. Operational Efficiency - The company is committed to reducing operational costs by 10% through efficiency improvements and process optimizations[184]. - The company has implemented a comprehensive quality control system, achieving ISO9001 certification and ensuring high product quality[85]. - The company has successfully reduced the development cycle for electrical design to one week by unifying the development environment and interface[76]. - The company has implemented various incentive policies to motivate employees and enhance overall cohesion and competitiveness[148].

证券代码：688312 证券简称：燕麦科技 公告编号：2020-038 关于参加 2020 深圳辖区"诚实守信，做受尊重的上市 公司"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"诚实守信，做受尊重的上市公司"——2020 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（http://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2020年12月8日9:00至17:00。 届时公司的财务总监、董事会秘书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。 深圳市燕麦科技股份有限公司董事会 2020 年 12 月 5 日 ...

Financial Performance - Revenue for the year-to-date was CNY 179,812,071.72, a slight decrease of 0.72% compared to the previous year[6]. - Net profit attributable to shareholders decreased by 12.11% year-on-year, totaling CNY 53,769,518.90[6]. - Basic and diluted earnings per share both decreased by 22.81%, standing at CNY 0.44[7]. - Total operating revenue for Q3 2020 was ¥80,846,615.60, a decrease of 6.7% compared to ¥86,798,663.43 in Q3 2019[26]. - Net profit for Q3 2020 was ¥21,122,844.02, down 16.0% from ¥25,134,730.73 in Q3 2019[27]. - The company reported a total profit of ¥23,415,472.87 for Q3 2020, down from ¥28,485,532.61 in Q3 2019[27]. - Total operating revenue for Q3 2020 was ¥80,629,923.69, a decrease of 6.7% compared to ¥86,074,209.86 in Q3 2019[31]. - Net profit for Q3 2020 was ¥21,158,126.43, down 18.5% from ¥25,836,049.59 in Q3 2019[32]. Assets and Liabilities - Total assets increased by 127.22% year-on-year, reaching CNY 1,243,815,476.47[6]. - Current assets totaled CNY 1,216,457,898.35, up from CNY 529,325,481.02, indicating a growth of about 130% year-over-year[19]. - The company's financial assets increased significantly by 532.53% to ¥712,916,024.77 due to the purchase of bank wealth management products during the reporting period[12]. - Total liabilities increased significantly, with accounts payable rising by 111.76% to ¥7,617,964.35 due to increased raw material procurement[12]. - Total liabilities increased to CNY 59,107,298.67 from CNY 41,493,268.55, representing a growth of approximately 42.5%[20]. - The total liabilities as of Q3 2020 amounted to ¥55,034,380.64, compared to ¥37,702,530.12 in the previous year[24]. - The total assets and equity combined were $536,830,477.92[46]. Shareholder Information - Net assets attributable to shareholders rose by 134.19% year-on-year, amounting to CNY 1,184,872,815.10[6]. - The total number of shareholders reached 11,260 by the end of the reporting period[10]. - The largest shareholder, Liu Yan, holds 46.37% of the shares, totaling 66,528,000 shares[10]. - Shareholders' equity reached CNY 1,184,708,177.80, up from CNY 505,915,435.49, indicating a growth of around 133%[20]. Cash Flow - Operating cash flow for the year-to-date decreased by 122.40%, resulting in a net cash flow of -CNY 17,142,642.92[6]. - The net cash flow from operating activities decreased by 122.40% to -¥17,142,642.92, primarily due to increased material purchases and reduced accounts receivable recovery[13]. - The net cash flow from financing activities was ¥626,320,855.63, reflecting funds received from the initial public offering[13]. - The net cash flow from financing activities was 626,320,855.63 RMB, a substantial improvement from -11,092,413.82 RMB in the previous year, driven by increased investment and borrowing[35]. - The total cash and cash equivalents at the end of the period reached 283,987,111.71 RMB, compared to 140,207,457.58 RMB at the end of the same period last year[35]. Research and Development - R&D expenditure as a percentage of revenue increased by 2.51 percentage points to 18.25%[7]. - Research and development expenses for Q3 2020 were ¥12,947,971.00, a decrease of 9.1% compared to ¥14,242,291.88 in Q3 2019[26]. - Research and development expenses for Q3 2020 were ¥11,252,604.23, a decrease of 9.8% from ¥12,469,310.92 in Q3 2019[31]. Other Financial Metrics - The company reported a government subsidy of CNY 2,370,212.03 for the year-to-date, which is closely related to its normal business operations[8]. - Investment income rose by 133.96% to ¥3,866,501.00, attributed to higher returns from financial products during the reporting period[13]. - The company reported a 65.88% decrease in financial expenses to -¥3,400,585.24, mainly due to increased losses from currency exchange fluctuations[13]. - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period[14].

Financial Performance - The company's revenue for the first half of 2020 was RMB 98,965,456.12, representing a 4.93% increase compared to RMB 94,318,716.96 in the same period last year[20]. - The net profit attributable to shareholders decreased by 9.40% to ¥32,617,700.17 compared to the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 11.72% to ¥28,184,848.72[21]. - Basic and diluted earnings per share decreased by 12.12% to ¥0.29, while the basic earnings per share after deducting non-recurring gains and losses dropped by 16.67% to ¥0.25[22]. - The total operating revenue for the first half of 2020 was CNY 98,965,456.12, an increase from CNY 94,318,716.96 in the same period of 2019, representing a growth of approximately 7.06%[182]. - The company's net profit for the first half of 2020 is not explicitly stated but can be inferred from the revenue and cost figures provided[182]. - The total profit for the first half of 2020 was CNY 36,507,220.22, down from CNY 41,000,376.23, which is a decline of approximately 10.5%[183]. Research and Development - R&D expenditure accounted for 20.07% of operating revenue, an increase of 4.95 percentage points compared to the previous year[22]. - The company invested an additional ¥5,906,100 in R&D personnel costs, representing a 55.74% increase compared to the previous year[24]. - The total R&D investment for the period amounted to ¥19,861,740.18, representing 20.07% of the company's revenue, indicating a strong focus on research and development[65]. - The company is investing in research and development for new technologies, particularly in automatic visual inspection (AVI) systems to improve production efficiency[12]. - The company focuses on the development of automation and intelligent testing equipment, with applications in consumer electronics, automotive electronics, and communication fields[28]. - The company has developed a deep learning model for defect detection that maintains a false negative rate below 0.1%, enhancing the reliability of quality inspections[61]. Cash Flow and Financial Position - The net cash flow from operating activities decreased significantly by 68.61% to ¥27,939,470.93 due to increased material procurement and labor costs[24]. - Cash and cash equivalents increased by 95.26% to 551.82 million yuan due to funds raised from the company's listing on the Sci-Tech Innovation Board[73]. - The company's total assets reached 1.253 billion yuan, with net assets of 1.165 billion yuan, indicating good asset quality[82]. - The total liabilities amounted to CNY 87,584,022.48, up from CNY 41,493,268.55, indicating a growth of approximately 111%[175]. - The ending balance of cash and cash equivalents was ¥551,824,540.02, up from ¥53,072,736.57 at the end of the first half of 2019[191]. Market Strategy and Expansion - The company is focusing on expanding its market presence and enhancing its product offerings in the flexible printed circuit board (FPC) sector[12]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[12]. - The company has established stable partnerships with leading global companies in the FPC testing industry, including Apple and Google[75]. - The FPC industry is experiencing growth due to the increasing demand for lightweight and compact electronic products, with a rising market share for Chinese manufacturers[39]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $200 million allocated for potential deals[138]. Risks and Challenges - The company faces operational risks due to its reliance on Apple and its supply chain, with a significant portion of revenue derived from this relationship[83]. - High customer concentration poses a risk, as any significant changes in the business conditions of major clients could adversely affect the company's performance[90]. - The global economic slowdown and trade tensions, particularly between the US and China, may negatively impact sales and future performance due to reliance on major international brands[91][92]. - The company is exposed to foreign exchange risks, particularly with fluctuations in the RMB/USD exchange rate, which could adversely impact its financial results[102]. - There is a risk of inventory impairment if customers cancel orders or change their purchasing intentions, potentially affecting the company's financial performance[101]. Corporate Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the financial report, which has not been audited[5]. - The company has not engaged in any undisclosed related party transactions, ensuring transparency in its operations[140]. - The company has committed to ensuring that any new technologies or products developed will be offered to the company first, maintaining priority rights[141]. - The company has established measures to prevent any potential competition from controlling shareholders or related entities, ensuring compliance with business operations[141]. - The company will adhere to all relevant laws and regulations regarding share reduction[123]. Shareholder Matters - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling approximately RMB 28,695,739.20 (including tax) based on a total share capital of 143,478,696 shares as of June 30, 2020[5]. - The company has committed to maintaining its shareholding structure for a period of 36 months post-listing, ensuring stability among major shareholders[119]. - The company will not transfer or entrust the management of its shares for 12 months following the IPO[123]. - The company will ensure compliance with the rules of the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding share reduction[123]. - The company will publicly apologize and compensate investors for any violations of the commitments made in the prospectus[130].