四川天微电子股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2023 年 09 月 14 日（星期四）上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://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 09 月 07 日(星期四) 至 09 月 13 日(星期三)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 twdzdbyx@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 证券代码：688511 证券简称：天微电子 公告编号：2023-063 董事会秘书：杨芹芹女士 财务总监：侯光莉女士 四川天微电子股份有限公司（以下简称"公司"）已于 2023 年 8 月 31 日发布 ...

国金证券股份有限公司 关于四川天微电子股份有限公司 2023 年半年度持续督导跟踪报告 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为四 川天微电子股份有限公司（以下简称"天微电子"或"公司"）首次公开发行 股票并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所科创板股票上市规则》《上海证券交易所上市公司自律监管 指引第11号——持续督导》等相关规定，负责天微电子上市后的持续督导工 作，并出具2023年半年度持续督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具 体的持续督导工作制定相应的工作计划 | 保荐机构已建立健全并有 | | | | 效执行了持续督导制度， | | | | 并制定了相应的工作计划 | | 2 | 根据中国证监会相关规定在持续督导工作开始前， 与上市公司或相关当事人签署持续督导协议，明确 | 保荐机构已与天微电子签 确了双方在持续督导期间 | | | | 订《保荐协议》，该协议明 | | | 双方在持续督导期间的权 ...

Revenue Growth - The company reported a significant increase in revenue, achieving a total of 500 million CNY for the first half of 2023, representing a 25% year-over-year growth[19]. - The company provided a positive outlook for the second half of 2023, projecting a revenue growth of 20% compared to the first half[19]. - The company reported a revenue of 1.5 billion in the first half of 2023, representing a year-over-year growth of 20%[96]. - The company expects to achieve a revenue target of 3 billion for the full year 2023, which would represent a 15% increase compared to 2022[98]. - The company reported a revenue increase of 10% year-over-year for the first half of 2023[115]. - The company reported a total revenue of 822,025,760 for the first half of 2023, showing a significant increase compared to the previous period[199]. User Growth - User data indicates a growth in active users, with the number increasing to 1.2 million, up from 900,000 in the same period last year, marking a 33% increase[19]. - User data showed an increase in active users to 10 million, up from 8 million in the previous year, indicating a growth rate of 25%[97]. - User data showed a growth of 1 million active users, reaching a total of 10 million[116]. - There was a notable increase in user data engagement, contributing positively to overall performance metrics[196]. Product Development and Innovation - New product development includes the launch of a next-generation sensor technology, expected to enhance performance by 15% over previous models[19]. - New product launches are anticipated to contribute an additional 500 million in revenue by the end of Q4 2023[99]. - The company is investing 200 million in R&D for new technologies aimed at enhancing product features and user experience[100]. - The company is investing heavily in R&D, with a budget increase of 30% to enhance technology development[135]. - The company is focused on developing new products and technologies to enhance its competitive edge in the market[200]. Market Expansion - The company is expanding its market presence, targeting an increase in market share by 10% in the defense electronics sector by the end of 2023[19]. - The company has initiated a new strategy focusing on international markets, aiming to enter at least two new countries by the end of 2023[19]. - Market expansion plans include entering three new international markets by Q2 2024, projected to increase user base by 30%[96]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[119]. - The company aims to expand its market presence and is exploring new strategies for growth in the upcoming quarters[200]. Financial Performance - The company's operating revenue for the first half of 2023 was CNY 65,170,135.90, representing a 1.08% increase compared to the same period last year[20]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 25.13% year-on-year to CNY 15,220,410.57[22]. - The net cash flow from operating activities fell significantly by 97.46% to CNY 2,383,452.59, primarily due to a decline in orders and reduced cash inflow from receivables[21]. - The basic earnings per share for the first half of 2023 was CNY 0.3503, down 0.99% from CNY 0.3538 in the same period last year[21]. - The company's total assets increased by 3.72% to CNY 907,754,294.36 compared to the end of the previous year[20]. - The company reported a net profit increase, with retained earnings rising to ¥186,421,290.48 from ¥161,931,977.12, an increase of about 15.1% year-over-year[178]. Research and Development - R&D investment has increased by 30% year-over-year, totaling 75 million CNY, to support innovation and product development[19]. - Research and development expenses accounted for 9.41% of operating revenue, a decrease of 2.24 percentage points from the previous year[21]. - The company has established a robust technology platform for fire extinguishing and explosion suppression systems, with key technologies including real-time detection and intelligent control[48]. - The number of R&D personnel increased to 77, representing 29.80% of the total workforce, up from 22.31% in the previous year[47]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach[117]. Strategic Acquisitions - There are plans for strategic acquisitions to enhance technological capabilities, with a budget allocation of 200 million CNY for potential targets[19]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million allocated for potential deals[97]. - The company is considering potential mergers and acquisitions to strengthen its market position and expand its product offerings[196]. Risk Management - The company has identified and mitigated key risks, ensuring compliance with regulatory requirements and maintaining operational integrity[19]. - The company faces risks related to core technology leakage and the loss of key personnel, which could adversely affect innovation and product development[54]. - The company faces risks related to changes in national defense policies, which could significantly impact revenue and performance[62]. - The company is heavily reliant on sales to the China Weapon Industry Group, which poses risks if military procurement policies change[55]. Environmental Commitment - The company invested 9.59 million yuan in environmental protection during the reporting period[86]. - The company has established four sets of environmental governance facilities to address pollution issues[87]. - The company has implemented measures to reduce carbon emissions, including energy-saving practices and green office initiatives[87]. - Future guidance indicates a focus on sustainability initiatives, with a commitment to reduce carbon emissions by 50% by 2025[100]. Shareholder and Governance - The board has approved a profit distribution plan, with no plans for capital increase through reserves during this reporting period[19]. - The company has a commitment to not transfer shares held by major shareholders for 36 months post-IPO[90]. - The company will not allow major shareholders to transfer more than 25% of their shares annually while serving as directors or senior management[90]. - The company has committed to strict compliance with national laws and regulations regarding the protection of state secrets since its establishment in 2001[126].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 44,118,716.80, representing a decrease of 11.43% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 17,376,809.70, down 25.62% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,225,008.40, a decline of 31.06% compared to the previous year[5]. - Basic earnings per share were CNY 0.2210, down 24.32% from the same period last year[6]. - Total operating revenue for Q1 2023 was CNY 44,118,716.80, a decrease of 11.4% compared to CNY 49,811,503.67 in Q1 2022[22]. - Net profit for Q1 2023 was CNY 17,376,809.70, down 25.6% from CNY 23,360,841.65 in Q1 2022[23]. - The total comprehensive income for Q1 2023 was CNY 17,376,809.70, a decrease of 25.6% compared to CNY 23,360,841.65 in Q1 2022[24]. Cash Flow - The net cash flow from operating activities was negative CNY 1,842,936.23, a decrease of 184.42% year-on-year[5]. - Cash received from sales of goods and services was CNY 27,055,768.70, down 17.5% from CNY 32,815,412.74 in Q1 2022[25]. - The total cash inflow from operating activities was 29,193,881.44, down from 34,063,853.46 in the previous year[26]. - The net cash flow from investment activities was 162,674,341.39, a recovery from -64,182,781.39 in the previous year[27]. - Cash inflow from investment activities totaled 543,241,581.39, compared to 313,290,472.49 in the prior year, indicating a significant increase[26]. - Cash outflow from financing activities was 1,000,000.00, a decrease from 30,072,500.00 in the previous year[27]. - The cash flow from financing activities was negative, indicating a net outflow of -1,000,000.00 compared to -30,072,500.00 in the previous year[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 880,117,403.51, an increase of 0.93% from the end of the previous year[6]. - The company's total assets as of March 31, 2023, amounted to RMB 880,117,403.51, an increase from RMB 872,003,142.25 as of December 31, 2022[17]. - Total liabilities decreased to CNY 70,684,161.68 from CNY 75,838,558.75, indicating a reduction of 6.5%[19]. - Total equity increased to CNY 809,433,241.83 from CNY 796,164,583.50, showing a growth of 1.7%[19]. - The company reported a total of RMB 800,339,815.91 in current assets as of March 31, 2023, compared to RMB 790,508,499.28 in the previous year[17]. Research and Development - R&D investment totaled CNY 2,023,110.75, a decrease of 39.77% year-on-year, accounting for 4.59% of operating revenue[6]. - Research and development expenses decreased to CNY 2,023,110.75, a reduction of 39.7% compared to CNY 3,358,726.48 in Q1 2022[23]. Share Repurchase - As of March 31, 2023, the company has repurchased a total of 1,434,596 shares, accounting for 1.79% of the total share capital of 80,000,000 shares[15]. - The highest repurchase price was RMB 34.00 per share, while the lowest was RMB 28.30 per share, with a total expenditure of RMB 45,422,422.06[15]. - The company plans to use repurchased shares for employee stock ownership plans or equity incentives[14]. - The total amount allocated for share repurchase is between RMB 30 million and RMB 50 million[14]. Other Information - The weighted average return on net assets was 2.16%, a decrease of 0.57 percentage points compared to the previous year[6]. - The company reported non-recurring gains of CNY 3,151,801.30, primarily from government subsidies and other non-operating income[9]. - The total number of common shareholders at the end of the reporting period was 6,404[12]. - Cash and cash equivalents increased to RMB 301,803,360.41 from RMB 141,955,370.25 year-over-year[16]. - The company's accounts receivable rose to RMB 106,589,007.50, compared to RMB 68,392,347.38 in the previous year[17]. - Inventory decreased to RMB 71,699,569.59 from RMB 78,810,030.85 year-over-year[17]. - The company has not disclosed any significant new product developments or market expansion strategies in the current report[14]. - Payments to employees amounted to 12,791,272.16, slightly down from 13,376,938.27 in the previous year[26]. - The cash paid for purchasing goods and services was 6,086,293.75, a decrease from 12,232,958.23 in the previous year[26].

Financial Performance - The net profit attributable to the parent company for 2022 was CNY 44,838,697.35, with undistributed profits amounting to CNY 160,969,961.17[6]. - The company plans not to distribute cash dividends or issue bonus shares for 2022, opting to use undistributed profits to supplement working capital[6]. - The company has not achieved profitability since its listing[8]. - In 2022, the company achieved operating revenue of CNY 112.47 million, a decrease of 45.94% compared to the previous year[24]. - The net profit attributable to shareholders was CNY 44.84 million, down 60.85% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 28.19 million, a decline of 71.59%[25]. - Basic earnings per share decreased by 66.53% to CNY 0.5611, with diluted earnings per share also down by the same percentage[23]. - The company's total assets at the end of 2022 were CNY 872.00 million, a decrease of 8.78% from the previous year[22]. - The company's net assets attributable to shareholders were CNY 796.16 million, down 5.52% year-on-year[22]. - The weighted average return on net assets was 5.20%, a decrease of 18.24 percentage points compared to the previous year[24]. - The company reported a significant decline in revenue due to reduced demand for its main product, the fire suppression and explosion-proof system, influenced by the annual tasks of the complete vehicle[24]. Share Repurchase and Dividends - The company repurchased shares worth CNY 41,296,079.78 during the year, which represents 92.01% of the net profit attributable to the parent company[6]. - The total amount spent on share repurchases in 2022 was 41,296,079.78 yuan, which is considered as cash dividends for the purpose of distribution policy calculations[159]. - The cash dividend amount accounted for 92.01% of the net profit attributable to shareholders in the consolidated financial statements[159]. - The company plans to distribute cash dividends at a minimum of 80% of profits during mature stages without major capital expenditures[158]. Research and Development - The company's R&D expenditure accounted for 12.59% of operating revenue, an increase of 6.94 percentage points compared to the previous year[24]. - Research and development investment for the year was 14.16 million RMB, reflecting a growth of 20.53% year-on-year[34]. - The company has filed 33 new intellectual property projects during the reporting period, with 26 projects granted authorization, bringing the total number of domestic invention patents to 19[51]. - The company has a strong emphasis on R&D quality, implementing a series of reviews and verification tests before product production[40]. - The company plans to increase investment in technology innovation and personnel to enhance its R&D capabilities and achieve breakthroughs in high-performance ultraviolet detection technology[61]. - The company is committed to increasing R&D investment, balancing foresight and practicality in technology direction and reserves[106]. Market and Product Development - The company plans to continue focusing on R&D and expanding its market presence despite the challenges faced in 2022[25]. - The company has signed a strategic cooperation agreement with AVIC Material Equipment Co., Ltd. to promote the application of core components in the aviation industry[35]. - The company is actively expanding the application fields of fire extinguishing and explosion suppression systems, having signed a technical development contract with a research institute under AVIC[35]. - The company achieved a new commissioned research income of 16.83 million yuan, representing a growth of 300%[45]. - The company ranks first among seven competitors in the military fire extinguishing and explosion suppression system product bidding organized by the military[45]. - The company has established itself as one of the few domestic companies capable of independent research and mass production of military fire extinguishing and explosion suppression systems[45]. Risks and Challenges - The company has faced risks as outlined in the "Management Discussion and Analysis" section, which investors should pay attention to[4]. - The company faces risks related to product and technology updates, as the military's development process is lengthy and uncertain[63]. - The company relies heavily on sales to China Ordnance Industry Group, with a significant portion of revenue coming from military product sales, particularly in the comprehensive protection field[65]. - The company faces risks related to dependence on military tenders, with a high proportion of revenue generated from military orders, which may decline if tenders are reissued or relationships are adjusted[65]. - The company has a high concentration of revenue from a single product line, the military fire extinguishing and explosion suppression system, which limits growth potential in a relatively small market[66]. Governance and Compliance - The company emphasizes the importance of the accuracy and completeness of the annual report, with all board members confirming its integrity[8]. - The company has established a modern corporate governance structure, enhancing the operation mechanisms of the shareholders' meeting, board of directors, supervisory board, and management[168]. - The company has maintained a stable governance structure with no changes in the shareholding of key executives during the reporting period[125]. - The company has a structured decision-making process for the remuneration of its directors and supervisors[143]. - The company is committed to enhancing information disclosure transparency and has improved its internal control systems to ensure compliance with regulations[193]. Environmental Responsibility - The company invested 57,500 yuan in environmental protection during the reporting period[169]. - The company was not listed as a key pollutant discharge unit by environmental protection authorities during the reporting period[170]. - There were no administrative penalties received by the company due to environmental issues during the reporting period[171]. - The company has developed a comprehensive environmental management system, including multiple regulations and training programs[175]. Employee Engagement and Compensation - The company has implemented an equity incentive mechanism for core personnel to enhance employee motivation and attract external talent[156]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 3.474 million RMB[143]. - The company has a total of 14 employees with a master's degree or higher, and 111 with a bachelor's degree[154]. - The company plans to optimize its compensation management system to ensure a more scientific and reasonable approach to employee salaries and performance assessments[110].

证券代码：688511 证券简称：天微电子 公告编号：2023-030 四川天微电子股份有限公司 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： 会议召开时间：2023 年 04 月 04 日(星期二)上午 10:00-11:00 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 28 日(星期二) 至 04 月 03 日(星期一)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 twdzdbyx@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 四川天微电子股份有限公司（以下简称"公司"）已于 2023 年 3 月 24 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 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥12,095,967.69, a decrease of 67.51% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥1,640,525.02, down 89.01% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was -¥3,762,585.85, a decline of 125.51% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2022 was CNY 77,177,636.33, a decrease from CNY 171,125,084.76 in the same period of 2021, representing a decline of approximately 54.8%[24]. - Net profit for the third quarter of 2022 was CNY 29,947,073.30, compared to CNY 89,478,708.07 in the same quarter of 2021, reflecting a decrease of approximately 66.6%[26]. - Operating profit for the third quarter of 2022 was CNY 33,228,570.05, down from CNY 102,570,893.82 in the previous year, a decline of about 67.6%[25]. - Net profit for the first three quarters of 2022 was CNY 29,485,653.10, a decline of 66.9% compared to CNY 89,306,014.82 in 2021[34]. Research and Development - The total R&D investment for Q3 2022 was ¥5,465,326.99, an increase of 102.97% year-on-year, accounting for 45.18% of operating revenue[6]. - R&D expenses increased due to more R&D tasks and higher personnel costs compared to the previous year[12]. - Research and development expenses for the third quarter of 2022 were CNY 12,979,079.38, an increase from CNY 9,169,360.79 in the same quarter of 2021, representing a growth of approximately 41.5%[25]. - Research and development expenses increased to CNY 12,979,079.38 in 2022, up 41.5% from CNY 9,169,360.79 in 2021[33]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥83,325,573.18, an increase of 179.92% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 83,263,097.95, significantly higher than CNY 29,989,448.98 in 2021[37]. - Total assets at the end of Q3 2022 were ¥906,280,914.62, a decrease of 5.20% from the end of the previous year[6]. - Total assets as of September 30, 2022, were CNY 916,585,908.89, down from CNY 966,769,074.45 at the end of 2021[31]. - The company's cash and cash equivalents at the end of Q3 2022 were CNY 156,527,417.82, compared to CNY 121,006,289.35 at the same time last year[28]. - Cash and cash equivalents at the end of the third quarter of 2022 totaled CNY 156,410,369.70, an increase from CNY 120,649,149.01 at the end of the same period in 2021[38]. Shareholder Information - The company plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 50 million, at a price not exceeding RMB 45 per share, within 12 months from the board's approval date[17]. - The company has not yet implemented the share repurchase plan as of October 25, 2022[17]. - The top ten shareholders include significant holdings by individuals such as Zhang Chao with 4,849,110 shares, representing a substantial portion of the company's equity[15]. - The company has a total of 6,253 common shareholders at the end of the reporting period[14]. Liabilities and Equity - Total liabilities as of the end of the third quarter of 2022 were CNY 83,690,659.39, down from CNY 113,336,406.28 at the end of the same quarter in 2021, a decrease of about 26.2%[21]. - The company's total equity as of the end of the third quarter of 2022 was CNY 822,590,255.23, down from CNY 842,643,186.25 in the same period of 2021, a decrease of about 2.4%[21]. - The company's retained earnings decreased to CNY 148,595,551.94 from CNY 172,058,468.47 in the previous year[32].

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, achieving a total revenue of 500 million yuan, representing a growth of 25% year-over-year[13]. - The company's operating revenue for the first half of 2022 was RMB 65.08 million, a decrease of 51.39% compared to RMB 133.89 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was RMB 28.31 million, down 62.03% from RMB 74.55 million year-on-year[21]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2022, representing a 20% year-over-year growth[95]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% and aiming to reach 1.875 billion[95]. - The company reported a net profit margin of 15%, up from 12% in the previous year, reflecting improved operational efficiency[86]. - The company’s total operating revenue for the first half of 2022 was RMB 65,081,668.64, a decrease of 51.4% compared to RMB 133,893,342.37 in the first half of 2021[148]. User Engagement - User data indicates that the active user base has expanded to 1 million, reflecting a 15% increase compared to the previous period[13]. - User data showed a growth in active users, reaching 2 million, which is a 15% increase compared to the previous quarter[87]. - User data showed an increase in active users, reaching 10 million, which is a 15% increase compared to the previous year[96]. Research and Development - New product development includes the launch of a cutting-edge sensor technology, expected to enhance market competitiveness and drive future sales growth[13]. - Research and development expenses accounted for 11.55% of operating revenue, an increase of 6.71 percentage points year-on-year[20]. - The company reported a 16.01% increase in research and development (R&D) expenses, totaling ¥7,513,752.39, compared to ¥6,476,619.36 in the previous year[37]. - The company is investing heavily in R&D, with a budget of 200 million allocated for new technology development in 2022[95]. - The company is currently developing several projects aimed at enhancing environmental control systems for armored vehicles, focusing on real-time detection and intelligent control[39]. Market Expansion - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[13]. - Market expansion plans include entering three new international markets by the end of the fiscal year, projected to increase overall market share by 5%[86]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[98]. Strategic Initiatives - A strategic acquisition of a smaller tech firm is under consideration, aimed at bolstering R&D capabilities and product offerings[13]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring two companies by the end of the fiscal year[95]. - The company has established a strategic cooperation agreement with AVIC Material Equipment Co., Ltd. to promote its products in the aviation industry[48]. Financial Guidance - The company has set a revenue guidance for the second half of 2022, projecting an increase of 20% to reach approximately 600 million yuan[13]. - The company provided guidance for the next quarter, expecting revenue to be between $520 million and $550 million, indicating a potential growth of 4% to 10%[86]. Governance and Compliance - The board of directors has confirmed that there are no non-operational fund occupations by controlling shareholders[7]. - The company maintains a strong governance structure, with all board members present at the meeting to discuss the report[5]. - The company has established a sound corporate governance structure to mitigate risks associated with the actual controller's influence[59]. Risks and Challenges - The company has identified key risks, including supply chain disruptions and regulatory changes, which may impact future performance[4]. - The company faces risks due to the lengthy military product pricing approval process, which may lead to significant fluctuations in operating performance if final prices differ greatly from provisional prices[52][55]. - The company’s core technologies are still in development, and any leakage of these technologies or loss of key personnel could adversely affect innovation and product development[50]. Environmental and Social Responsibility - The company has set up four environmental governance facilities to manage pollution, ensuring daily inspections for proper operation[75]. - The company conducted annual environmental monitoring through a third-party service provider, with all results meeting compliance standards[75]. - A commitment to sustainability initiatives was reiterated, with a goal to reduce carbon emissions by 20% by 2025[99]. Shareholder Information - The actual controller holds 42.29% of the company's shares, which significantly influences major decisions such as development strategy and profit distribution[59]. - The company did not propose any profit distribution or capital reserve transfer for the first half of 2022, with no dividends or stock bonuses planned[73]. - The company has committed to not transferring shares for 36 months post-IPO and limits annual share transfers to 25% of total holdings while serving as a director or senior management[79].

Financial Performance - The company's operating revenue for Q1 2022 was ¥49,811,503.67, representing a decrease of 0.38% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥23,360,841.65, down 18.15% year-on-year, primarily due to a reduction in government subsidies[9]. - Basic earnings per share were ¥0.2920, a decrease of 38.61% year-on-year, attributed to reduced net profit and increased share capital[6]. - Total operating revenue for Q1 2022 was CNY 49,811,503.67, a decrease of 0.38% from CNY 50,000,614.70 in Q1 2021[21]. - Net profit for Q1 2022 was CNY 23,360,841.65, down 18.14% compared to CNY 28,539,955.91 in Q1 2021[22]. - Earnings per share for Q1 2022 was CNY 0.2920, a decrease from CNY 0.4757 in Q1 2021[23]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥2,183,049.73, reflecting a significant decline of 93.01% compared to the previous year[6]. - Cash flow from operating activities generated CNY 2,183,049.73, significantly lower than CNY 31,211,009.08 in Q1 2021[25]. - Cash and cash equivalents decreased significantly from ¥184,946,562.81 to ¥92,874,331.15, representing a decline of approximately 49.8%[17]. - Cash and cash equivalents at the end of the period were 91,929,638.55, down from 291,926,814.53 in the previous year, reflecting a decrease of approximately 68.5%[26]. - The net increase in cash and cash equivalents was -92,072,231.66, contrasting with a positive increase of 17,811,113.30 in the same quarter last year[26]. - The cash flow from financing activities was net negative at -30,072,500.00, compared to -422,500.00 in the previous year, indicating a decline in financing activities[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥940,106,604.70, down 1.66% from the end of the previous year[6]. - The company's current assets totaled ¥857,979,386.59, slightly down from ¥873,228,220.06, indicating a decrease of about 1.63%[17]. - Total liabilities amounted to CNY 74,102,576.80, a decrease from CNY 113,336,406.28 in the previous year[19]. - The company's total current liabilities decreased from ¥85,601,485.88 to ¥46,638,464.07, a reduction of approximately 45.5%[18]. - The non-current liabilities remained stable with long-term payables at ¥8,100,000.00, unchanged from the previous period[18]. Research and Development - Research and development expenses totaled ¥3,358,726.48, accounting for 6.74% of operating revenue, a decrease of 0.56 percentage points year-on-year[6]. - Research and development expenses for Q1 2022 were CNY 3,358,726.48, slightly down from CNY 3,653,298.43 in Q1 2021[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,516[11]. - The largest shareholder, Ju Wanli, held 42.29% of the shares, totaling 33,832,590 shares[11]. Other Financial Metrics - The weighted average return on net assets was 2.73%, a decrease of 9.47 percentage points compared to the previous year[6]. - The company reported a total non-recurring gains and losses of ¥2,726,458.36 for the period[9]. - The company reported a financial expense of CNY -476,383.87, compared to CNY 434,877.53 in the same period last year[22]. - The total cash outflow from investment activities amounted to 377,473,253.88, compared to 65,134,053.80 in the previous year, indicating a significant increase in investment spending[26]. - The net cash flow generated from investment activities was -64,182,781.39, worsening from -12,977,395.78 year-over-year[26]. - The company invested 375,000,000.00 in long-term assets, a substantial increase from 63,000,000.00 in the prior year[26]. Corporate Governance - The report was presented by the board of directors on April 29, 2022, indicating a timely disclosure of financial performance[27]. - The company has not disclosed any new product developments or market expansion strategies in the provided reports[15]. - The company has not adopted the new accounting standards as of the reporting date[27].

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 6.25 CNY per 10 shares, totaling approximately 50 million CNY, which represents 43.65% of the net profit attributable to shareholders[5]. - The company does not plan to increase capital reserves or issue bonus shares for the 2021 fiscal year[5]. - The company has established a cash dividend policy, ensuring that at least 10% of the distributable profit is allocated as cash dividends annually, with higher percentages based on the company's development stage and capital expenditure plans[137]. - As of December 31, 2021, the company's distributable profit was 172,058,468.47 RMB, confirming its ability to distribute dividends[138]. Financial Performance - The company reported a revenue of CNY 208.05 million in 2021, a decrease of 11.43% compared to the previous year[20]. - Net profit attributable to shareholders was CNY 114.54 million, reflecting a growth of 1.61% year-over-year[22]. - The net cash flow from operating activities increased by 54.96% to CNY 49.42 million, driven by improved collections and government subsidies[23]. - Total assets at the end of 2021 reached CNY 955.98 million, up 168.40% from the previous year[23]. - Shareholders' equity grew by 283.79% to CNY 842.64 million, primarily due to the impact of the company's initial public offering[23]. - Basic earnings per share decreased by 10.78% to CNY 1.6762, while diluted earnings per share remained the same[21]. Research and Development - The company's R&D expenditure as a percentage of revenue increased to 5.65%, up 1.4 percentage points from the previous year[22]. - Research and development investment for the year was 11.75 million RMB, an increase of 17.77% year-on-year[33]. - The company has developed advanced technologies for fire detection and control systems, enhancing the reliability and precision of its products[46]. - The company has achieved a total of 16 invention patents related to its core technologies, enhancing its market competitiveness[46]. - The company plans to enhance R&D efforts focusing on core technology and product strategy layout, particularly in the military fire extinguishing and explosion suppression fields[96]. Military and Product Development - The company is focusing on the development of military fire extinguishing and explosion suppression systems, as well as core components for military applications[32]. - The company has enhanced its military production qualifications and is actively promoting the development of various military fire extinguishing systems[32]. - The military electronic industry is expected to have broad development space and market prospects, driven by the modernization of national defense and military forces[40]. - The company has developed its fifth-generation fire extinguishing and explosion suppression system, achieving key performance indicators comparable to international products[56]. - The company is actively exploring new technologies, including vehicle environment control systems and ultraviolet detectors, to enhance its research and production capabilities in line with military modernization efforts[45]. Risks and Challenges - The company has outlined potential risks in its management discussion and analysis section, advising investors to pay attention[4]. - The company faces risks related to product and technology updates, as delays in new product development could impact competitiveness[58]. - The company has a high dependency on military tenders for revenue, which could lead to significant income fluctuations if bidding processes change[60]. - The company faces risks related to the growth of accounts receivable, changes in tax policies, and fluctuations in gross profit margins[63][65]. Corporate Governance and Management - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company has maintained a stable management structure with no significant changes in shareholdings among key personnel[110]. - The management team has been in place since March 2020, indicating stability in leadership[110]. - The company has established a modern corporate governance structure, enhancing the operation mechanisms of the shareholders' meeting, board of directors, and supervisory board[145]. Sustainability and Social Responsibility - The company is committed to sustainability, with plans to reduce carbon emissions by 30% over the next five years[178]. - The company adheres to strict safety and environmental protection regulations, integrating ESG principles into its core business operations[143]. - The company has made significant investments in safety and environmental protection measures, ensuring zero accidents in these areas[143]. - The company focuses on social responsibility, emphasizing military contributions and community support as its core mission[144]. Investor Relations and Transparency - The company maintains a transparent information disclosure process, ensuring all shareholders and creditors have equal access to information[159]. - The company conducted 13 investor research activities and received 29 investment institutions during the reporting period, enhancing investor relations[166]. - The company will publicly explain any failure to fulfill commitments and apologize to shareholders and the public[187]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[191]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[188]. - New product launches are expected to contribute an additional 300 million yuan in revenue, with a focus on innovative technology solutions[113].