Financial Performance - The total revenue for Q1 2023 was ¥883,693,767.84, representing a decrease of 12.75% compared to the same period last year [6] - The net profit attributable to shareholders was ¥52,193,828.12, down 57.03% year-over-year [6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,640,805.94, a decline of 59.44% compared to the previous year [6] - The basic earnings per share for the period was ¥0.75, reflecting a decrease of 56.79% year-over-year [6] - Total operating revenue for Q1 2023 was approximately ¥883.69 million, a decrease of 12.74% from ¥1,012.89 million in Q1 2022 [21] - Net profit for Q1 2023 was approximately ¥51.99 million, a decline of 57.16% compared to ¥121.47 million in Q1 2022 [22] - Basic and diluted earnings per share for Q1 2023 were both ¥0.75, down from ¥1.74 in Q1 2022 [23] - The company reported a total comprehensive income of approximately ¥50.22 million in Q1 2023, down from ¥120.15 million in Q1 2022 [22] Cash Flow - The net cash flow from operating activities was ¥81,747,819.31, with no applicable year-over-year comparison [6] - Cash flow from operating activities generated a net inflow of approximately ¥81.75 million in Q1 2023, compared to a net outflow of ¥136.09 million in Q1 2022 [25] - Cash flow from investment activities showed a net inflow of approximately ¥17.41 million in Q1 2023, a significant improvement from a net outflow of ¥412.07 million in Q1 2022 [25] - Cash flow from financing activities resulted in a net inflow of approximately ¥250.96 million in Q1 2023, compared to ¥51.23 million in Q1 2022 [25] - The beginning cash and cash equivalents balance for Q1 2023 was $1,413,672,018.70, compared to $1,038,928,264.01 in Q1 2022, indicating a year-over-year increase [26] - The ending cash and cash equivalents balance for Q1 2023 was $1,762,694,587.65, significantly up from $540,350,315.64 in Q1 2022, reflecting strong cash flow management [26] Assets and Liabilities - Total assets at the end of the period were ¥5,537,199,645.50, an increase of 4.75% from the end of the previous year [7] - As of March 31, 2023, the total current assets of the company amounted to RMB 4,159,494,621.73, an increase from RMB 3,913,684,476.85 at the end of 2022, reflecting a growth of approximately 6.3% [15] - The total liabilities of the company as of March 31, 2023, were RMB 2,328,509,999.28, compared to RMB 2,147,190,643.25 at the end of 2022, indicating an increase of approximately 8.4% [18] - The company's total equity reached RMB 3,208,689,646.22, up from RMB 3,138,871,271.28, marking an increase of about 2.2% [18] - The inventory value as of March 31, 2023, was RMB 1,260,260,679.39, compared to RMB 1,184,462,084.65 at the end of 2022, showing an increase of approximately 6.4% [17] - The accounts receivable decreased to RMB 131,502,630.70 from RMB 324,802,959.96, reflecting a decline of about 59.5% [15] - The company's non-current assets totaled RMB 1,377,705,023.77, slightly up from RMB 1,372,377,437.68, indicating a marginal increase of about 0.2% [17] - The company's short-term borrowings were recorded at RMB 182,088,303.42, with no previous short-term borrowings reported [18] - The company's retained earnings increased to RMB 1,030,951,822.58 from RMB 978,757,994.46, representing a growth of approximately 5.3% [18] Research and Development - Research and development expenses totaled ¥99,431,592.36, accounting for 11.25% of total revenue, an increase of 1.99 percentage points [7] - The company’s research and development expenses increased to approximately ¥99.43 million in Q1 2023, up from ¥93.77 million in Q1 2022 [21] Tax and Accounting - The company’s tax expenses for Q1 2023 were approximately ¥10.18 million, a decrease from ¥20.06 million in Q1 2022 [22] - The company has adopted new accounting standards starting in 2023, which may impact financial reporting going forward [26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,082 [12]

Financial Performance - The company's operating revenue for 2022 was approximately CNY 4.22 billion, representing a 4.57% increase compared to CNY 4.04 billion in 2021[24]. - The net profit attributable to shareholders for 2022 was approximately CNY 501.47 million, a 3.72% increase from CNY 483.50 million in 2021[24]. - The net cash flow from operating activities decreased by 111.00% to approximately -CNY 58.96 million, primarily due to increased payments for raw material purchases and labor costs[25]. - The total assets at the end of 2022 were approximately CNY 5.29 billion, a 2.83% increase from CNY 5.14 billion at the end of 2021[24]. - The company's net assets attributable to shareholders increased by 13.50% to approximately CNY 3.13 billion at the end of 2022[24]. - The basic earnings per share for 2022 were CNY 7.16, a slight decrease of 0.69% from CNY 7.21 in 2021[25]. - The gross profit margin for the reporting period was 35.98%[119]. - The company's inventory at the end of 2022 was valued at CNY 118,446.21 million, accounting for 22% of total assets[106]. - Accounts receivable at the end of 2022 amounted to CNY 32,480.30 million, representing 6% of total assets[108]. - The company reported a net profit of RMB 19.06 million from its subsidiary, Jichuang Optoelectronics, with total assets of approximately RMB 52.99 million[150]. Dividend and Share Repurchase - The proposed cash dividend distribution is RMB 21.4680 per 10 shares, totaling approximately RMB 150 million based on a total share capital of 69,872,117 shares[5]. - The total amount spent on share repurchase during the year was RMB 23,322,588.01, which, combined with the proposed cash dividend, represents 34.56% of the net profit attributable to shareholders[5]. - The company plans to carry forward the undistributed profits to future years without issuing bonus shares or stock dividends for this year[5]. - The company plans to distribute profits through cash, stock, or a combination of both, with a minimum cash dividend of 20% of the distributable profit for the year[199]. - The company aims for a cumulative cash distribution of at least 30% of the average annual distributable profit over the last three years[199]. Research and Development - Research and development expenses accounted for 8.93% of operating revenue in 2022, an increase of 2.42 percentage points from 6.51% in 2021[25]. - R&D expenses amounted to 377 million RMB, representing a year-on-year increase of 43.49%, with R&D expenses accounting for 8.93% of revenue[37]. - The number of R&D personnel rose to 694, representing 26.34% of the total workforce, compared to 668 and 24.60% in the prior year[87]. - The company is currently working on multiple projects, with total expected investments of ¥121.25 million across various product lines[83]. - The company has achieved a total of 393 new patent applications during the reporting period, including 176 invention patents and 96 utility model patents, bringing the cumulative total to 1,937 applications and 1,050 granted patents[79]. - The company has developed a high-performance UI rendering framework based on the Android system, significantly improving UI rendering smoothness and reducing memory usage[78]. - The company is developing a new OS system to improve user experience and content offerings, maintaining industry leadership in application responsiveness[85]. Market Expansion and Product Development - The company plans to continue expanding its market presence and investing in new product development and technology[18]. - The company achieved overseas revenue of RMB 790 million, representing a year-on-year growth of 82.04%[40]. - The company has expanded its overseas retail channels, entering markets such as Australia and South Korea, with the opening of its first authorized experience center in Australia in October 2022[40]. - The company plans to launch new products in the next 2-5 years, focusing on market expansion and technological innovation[83]. - The company aims to maintain its leading position in technology by investing in R&D for foundational technology innovations and continuous product improvements[155]. - The company plans to expand its market share in China while exploring new markets in Europe, North America, and Japan[155]. Operational Efficiency and Cost Management - The company is focused on enhancing its operational efficiency and managing costs effectively in response to market challenges[18]. - The company aims to reduce operational costs by 10% in 2023 through efficiency improvements and process optimizations[169]. - The company's management expenses increased by 33.95% to CNY 141,489.16 million, primarily due to rising employee compensation and share-based payment costs[117]. - The company has a high proportion of direct material costs in its operating expenses, making it vulnerable to fluctuations in raw material prices[102]. Governance and Management - The company has established a sound governance structure, including a board of directors, supervisory board, and independent directors, to enhance decision-making and oversight[160]. - The company has maintained independence from its controlling shareholders in terms of business operations and financial management[160]. - The company has a total of four specialized committees under the board of directors, focusing on strategy, audit, nominations, and compensation[160]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 1,884.85 million RMB[180]. - The company appointed 彭妍曦 as the new financial officer and elected 王建 and 杨洋 as new supervisors during the board restructuring[181]. Risks and Challenges - The company faces risks related to core component supply, particularly from Texas Instruments, which could impact production if supply issues arise[98]. - The company is exposed to seasonal sales risks due to reliance on online sales platforms, which can lead to significant fluctuations in revenue during promotional periods[99]. - The company operates in a highly competitive market, with risks of price reductions and slowed growth if it fails to maintain technological leadership and product innovation[100]. - The company holds patents covering various aspects of optical design and core algorithms, but risks exist regarding the protection of intellectual property and potential litigation[104]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 30% based on new product launches and market expansion strategies[169]. - The company anticipates a positive outlook for the upcoming fiscal year, driven by new product launches and market expansion efforts[168]. - The company is actively exploring new product development and technological advancements to maintain competitive advantage in the industry[171].

Financial Performance - The company's operating revenue for Q3 2022 was ¥846,441,063.03, a decrease of 11.59% compared to the same period last year[8] - The net profit attributable to shareholders for Q3 2022 was ¥60,200,453.14, down 44.01% year-over-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,984,651.77, a decline of 49.16% compared to the previous year[8] - The basic earnings per share for Q3 2022 was ¥0.86, a decrease of 44.00% compared to the same period last year[11] - The weighted average return on equity for Q3 2022 was 2.05%, a decrease of 2.23 percentage points year-over-year[11] - The total operating revenue for the first three quarters of 2022 was CNY 2,882,497,285.35, an increase from CNY 2,644,071,229.75 in the same period of 2021, representing a growth of approximately 9%[36] - The net profit for the third quarter of 2022 was CNY 329,356,827.33, up from CNY 300,241,675.04 in the same quarter of 2021, reflecting a growth of approximately 9.7%[38] - The basic earnings per share for the third quarter of 2022 was CNY 4.71, compared to CNY 4.54 in the same quarter of 2021, showing an increase of about 3.7%[41] - The company’s total comprehensive income for the third quarter of 2022 was CNY 341,274,712.15, compared to CNY 300,087,563.18 in the same quarter of 2021, reflecting an increase of approximately 13.7%[41] Research and Development - The total R&D investment for Q3 2022 was ¥90,576,931.78, an increase of 43.78% year-over-year, representing 10.70% of operating revenue[11] - Research and development expenses for the first three quarters of 2022 were CNY 285,230,533.73, significantly higher than CNY 175,338,703.02 in the same period of 2021, marking an increase of approximately 62.8%[36] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥5,053,213,937.39, a decrease of 1.70% from the end of the previous year[11] - The equity attributable to shareholders at the end of Q3 2022 was ¥2,981,816,516.44, an increase of 7.96% compared to the end of the previous year[11] - Total current assets decreased to RMB 3,701,868,699.48 from RMB 3,820,674,786.81 year-on-year[30] - Non-current assets totaled RMB 1,351,345,237.91, up from RMB 1,320,110,230.24 year-on-year[30] - The total liabilities decreased to CNY 2,068,267,353.25 in 2022 from CNY 2,378,858,949.05 in 2021, a reduction of about 13%[34] - The total equity increased to CNY 2,984,946,584.14 in 2022 from CNY 2,761,926,068.00 in 2021, representing a growth of approximately 8.1%[34] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥281,680,733.95, reflecting a significant decline of 516.54%[11] - The net cash flow from operating activities for the first three quarters of 2022 was -281,680,733.95 RMB, compared to 67,623,712.38 RMB in the same period of 2021, indicating a significant decline[44] - The total cash inflow from operating activities was 3,356,860,687.02 RMB, slightly up from 3,085,595,594.74 RMB in the same period last year[44] - The cash paid to employees increased to 422,827,551.51 RMB from 287,942,021.40 RMB, reflecting a rise in labor costs[44] - The company reported a total cash outflow from operating activities of 3,638,541,420.97 RMB, compared to 3,017,971,882.36 RMB in the previous year, indicating increased operational expenses[44] - Total cash inflow from investment activities reached 6,385,367,270.28 RMB, a substantial increase from 1,840,278,117.88 RMB in the previous year[47] - The net cash flow from investment activities was 596,162,935.16 RMB, recovering from a negative cash flow of -1,560,079,084.40 RMB in the same period last year[47] - Cash inflow from financing activities totaled 150,724,297.50 RMB, down from 1,856,088,505.00 RMB in the previous year[47] - The net cash flow from financing activities was -240,540,856.35 RMB, contrasting sharply with a positive cash flow of 1,574,999,826.42 RMB in the same period of 2021[47] - The total cash and cash equivalents at the end of the period amounted to 1,113,827,869.89 RMB, compared to 571,568,449.97 RMB at the end of the previous year[47] Shareholder Information - Total number of common shareholders at the end of the reporting period was 7,530[22] - The largest shareholder, Zhong Bo, holds 13,133,554 shares, accounting for 18.76% of total shares[22] - The company has no known financing or margin trading activities among its top shareholders[24] Other Financial Metrics - The company reported government subsidies recognized in Q3 2022 amounting to ¥10,871,579.11, contributing to non-recurring gains[12] - The company reported accounts receivable of RMB 144,958,046.51, an increase from RMB 86,774,491.92 in the previous year[30] - The company has a goodwill of RMB 17,098,559.83, which was not reported in the previous year[30] - The company received 100,284,688.20 RMB in tax refunds, significantly higher than 37,140,782.69 RMB in the previous year[44] - The deferred income increased significantly to CNY 449,104,737.87 in 2022 from CNY 57,947,852.51 in 2021, indicating a substantial growth[34] - The company reported a financial expense of CNY 16,984,064.76 in the third quarter of 2022, compared to a negative financial expense of CNY -1,924,900.92 in the same quarter of 2021[38]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2022, representing a year-on-year increase of 15%[18]. - The company's revenue for the first half of 2022 was CNY 2,036,056,222.32, representing a 20.72% increase compared to CNY 1,686,644,639.54 in the same period last year[27]. - Net profit attributable to shareholders for the first half of 2022 was CNY 269,370,321.09, a 39.78% increase from CNY 192,715,311.76 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 232,344,579.18, up 30.39% from CNY 178,194,141.69 year-on-year[27]. - Basic earnings per share for the first half of 2022 were CNY 3.85, an increase of 28.33% compared to CNY 3.00 in the same period last year[28]. - The company's operating revenue was CNY 2.036 billion, a year-on-year increase of 20.72%[103]. - Net profit attributable to the parent company was CNY 269 million, up 39.78% year-on-year[103]. Research and Development - Research and development expenses increased by 25% year-on-year, totaling 150 million CNY, reflecting the company's commitment to innovation[18]. - The R&D expenditure as a percentage of revenue increased to 9.56%, up 2.9 percentage points from 6.66% in the previous year[27]. - Research and development expenses amounted to 195 million RMB, a 73.27% increase year-on-year, with R&D expenses accounting for 9.56% of revenue[84]. - The number of R&D personnel increased to 722, representing 27.34% of the total workforce, compared to 23.79% in the previous year[74]. - The company has achieved a total of 642 patents, including 142 invention patents, 298 utility model patents, and 202 design patents as of June 30, 2022[63]. - The company has launched new technologies such as dynamic focus compensation and gesture control, enhancing user experience without noticeable disruptions[58][59]. Market Expansion and Strategy - The company expects a revenue growth of 10% to 15% for the second half of 2022, driven by new product launches and market expansion strategies[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales in that region by the end of 2022[18]. - The company is actively expanding its market presence internationally, leveraging both e-commerce and offline channels for sales[41]. - The company has established a comprehensive marketing network with 161 stores, including both direct and franchise locations[78]. - The company’s products have entered international markets, including Japan, Europe, and the United States, since 2019[78]. Product Development - A new projector model is set to launch in Q3 2022, with anticipated sales of 500,000 units in the first year[18]. - The company focuses on the research, production, and sales of smart projection products, including smart micro-projectors and laser TVs[36]. - The company has launched a series of smart projection products with enhanced usability and image quality, contributing to sustained sales growth[36]. - The company has completed the iteration and release of new laser TV products, focusing on improving image quality and innovative features[71]. - The company is expanding its product lines, including commercial and customized projectors, with ongoing research and development for various market segments[69][71]. Financial Stability and Management - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth and product development[18]. - No significant non-operational fund occupation by controlling shareholders was reported, ensuring financial stability[18]. - The company has implemented cost-cutting measures aimed at reducing operational expenses by 10% over the next six months[18]. - The company has not experienced any technology leakage incidents since its establishment, but risks remain as business scales up[90]. - The competitive landscape in the smart projection device industry is intensifying, posing challenges to maintaining growth rates and market share[96]. Shareholder Information - The total number of shares increased from 50,000,000 to 70,000,000, with the issuance of 20,000,000 new shares[172]. - The largest shareholder, Zhong Bo, holds 13,133,554 shares, representing 18.76% of total shares[188]. - The total number of shares held by the top ten shareholders includes significant increases, with Zhong Bo increasing his holdings by 3,752,444 shares during the reporting period[199]. - The report indicates that the company has seen a capital increase from capital reserves, impacting the shareholdings of key personnel[199]. - The report confirms that there are no strategic investors or general corporations that have become top shareholders due to new share allocations[198].

Financial Performance - The company's operating revenue for 2021 was approximately CNY 4.04 billion, representing a 42.78% increase compared to CNY 2.83 billion in 2020[33]. - The net profit attributable to shareholders for 2021 was approximately CNY 483.50 million, a significant increase of 79.87% from CNY 268.81 million in 2020[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2021 was CNY 429,067,175.64, an increase of 73.37% compared to the previous year[36]. - The net cash flow from operating activities increased by 189.32% year-on-year, reaching CNY 536,165,740.25, primarily due to expanded sales scale and improved product gross margins[36]. - The basic earnings per share for 2021 was CNY 10.09, reflecting a year-on-year increase of 40.73%[37]. - The diluted earnings per share also increased by 40.73% year-on-year, matching the basic earnings per share at CNY 10.09[38]. - The gross margin improved due to effective pricing strategies and changes in product structure, contributing to the overall profit growth[38]. - The company's revenue from smart micro-projectors reached ¥3,784,508,482.04, accounting for 86.71% of total revenue, with a year-over-year increase of 51.97%[154]. - The gross margin for smart micro-projectors was 35.50%, an increase of 6.11 percentage points compared to the previous year[154]. Dividend and Capital Increase - The company plans to distribute a cash dividend of RMB 30 per 10 shares, totaling RMB 150 million, which represents 31% of the net profit attributable to shareholders for the year 2021[7]. - The company will increase its total share capital from 50 million to 70 million shares by issuing 20 million new shares to shareholders at a ratio of 4 shares for every 10 shares held[7]. - The independent directors have provided their opinions on the profit distribution and capital increase plan, which has been approved by the supervisory board[10]. Research and Development - The company is focusing on research and development of new technologies, including advancements in laser ranging technology (TOF) and display technologies (DLP, LCD)[1]. - The company has achieved a total R&D investment of ¥262,879,043.30 in the reporting period, representing an increase of 89.03% compared to the previous year[98]. - The company's R&D expenditure as a percentage of operating income rose to 6.51%, an increase of 1.59 percentage points compared to the previous year[37]. - R&D expenses amounted to 263 million yuan, representing a year-on-year growth of 89.03%, with R&D expenses accounting for 6.51% of revenue, up from 4.92% in 2020[49]. - The number of R&D personnel increased from 452 at the end of 2020 to 668, and the company obtained 69 new authorized invention patents during the reporting period, totaling 112[49]. - The company has a strong R&D team with extensive experience in optical and display technologies, supporting its technological advancements[112]. Market Expansion and Strategy - The company plans to expand its market presence through new product launches and technological advancements in the projection industry[1]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[1]. - The company is actively expanding its overseas market presence through third-party platforms and local retail partnerships[49]. - The company aims to enhance user experience through continuous R&D in core technologies such as optical design and intelligent sensing algorithms[112]. - The company aims to maintain its leading position in technology by investing in research and development, focusing on image auto-correction and quality optimization[193]. - The company plans to expand its market share in China while exploring markets in Europe, North America, and Japan[193]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[6]. - The company is committed to maintaining high standards of corporate governance and compliance with regulatory requirements[1]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[6]. Operational Risks - The company has detailed various operational risks in the report, which investors should be aware of[5]. - The company faces risks related to potential fluctuations in raw material prices, which could impact production costs[127]. - The company faces risks from intensified market competition and potential impacts from macroeconomic changes, including the ongoing effects of the COVID-19 pandemic[140]. Inventory and Receivables - The company’s inventory value at the end of 2021 was approximately 965.23 million yuan, accounting for 19% of total assets[131]. - The company’s accounts receivable at the end of 2021 amounted to approximately 86.77 million yuan, representing 2% of total assets[135].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：6 8 8 6 9 6 证券简称：极米科技 成都极米科技股份有限公司 2022 年第一季度报告 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 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报表 信息的真实、准确、完整。 第一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 | --- | --- | --- | |-----------------------------------------------|------------------|--------------------------------------| | 项目 | 本报告期 | 本报告期比上年 同期增减变动幅 度 (%) | | 营业收入 | 1,012,88 ...

Financial Performance - The company plans to distribute a cash dividend of 30 CNY per 10 shares, totaling 150 million CNY, which represents 31% of the net profit attributable to shareholders for the year[7]. - The company has not achieved profitability since its listing[5]. - The company's operating revenue for 2021 was approximately CNY 4.04 billion, representing a 42.78% increase compared to CNY 2.83 billion in 2020[31]. - The net profit attributable to shareholders for 2021 was approximately CNY 483.50 million, a significant increase of 79.87% from CNY 268.81 million in 2020[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 73.37% compared to the same period last year, reaching approximately CNY 429.07 million[34]. - The net cash flow from operating activities surged by 189.32% year-on-year, amounting to approximately CNY 536.17 million, driven by increased sales scale and improved product gross margins[34]. - The company's total assets grew by 107.27% year-on-year, reaching approximately CNY 5.14 billion, primarily due to funds raised from issuing new shares[34]. - Basic earnings per share rose by 40.73% year-on-year to CNY 10.09, reflecting strong market performance and sales growth[35]. - The net profit attributable to the parent company reached 48,349.89 million yuan, up 79.87% year-on-year, while the net profit excluding non-recurring gains and losses was 42,906.72 million yuan, an increase of 73.37%[46]. - The gross profit margin improved due to changes in pricing strategy and product mix, contributing to the overall profit growth[36]. Research and Development - The company is focusing on research and development of new technologies to drive innovation in its product offerings[31]. - Research and development expenses accounted for 6.51% of operating revenue, an increase of 1.59 percentage points compared to the previous year[35]. - R&D expenses amounted to 263 million yuan, representing a year-on-year growth of 89.03%, with R&D expenses accounting for 6.51% of revenue, up from 4.92% in 2020[47]. - The number of R&D personnel increased from 452 at the end of 2020 to 668[47]. - The company achieved a total R&D investment of ¥262,879,043.30 in the reporting period, representing an increase of 89.03% compared to the previous year[96]. - The company applied for 316 invention patents during the reporting period, with 69 granted, bringing the cumulative total to 662 applications and 112 grants[95]. - The company has developed advanced optical design capabilities, including long-focus, zoom, ultra-short focus, and tilt-shift lens designs, enabling full-process lens development[84]. - The company has implemented intelligent separation cooling technology, enhancing cooling efficiency while maintaining low noise levels during operation[85]. - The latest automatic correction technology allows for six-direction automatic correction of trapezoidal images, significantly improving user experience[86]. - The company has established a strong R&D team with extensive experience in optical and display technologies, supporting its product development efforts[110]. Market Expansion and Strategy - Future outlook includes plans for market expansion and potential new product launches to enhance competitive positioning[31]. - The company aims to explore strategic acquisitions to bolster its market presence and operational capabilities[31]. - The company has entered international markets, including Japan, Europe, and the United States, with products certified by Google and equipped with Android TV[111]. - The company aims to maintain its leading position in technology by investing in research and development, focusing on image auto-correction and quality optimization[191]. - The company plans to expand its market share in China while exploring opportunities in Europe, North America, and Japan[191]. - The company intends to improve supply chain flexibility and strengthen product quality control to meet customer demands[192]. Operational Risks and Governance - The company has detailed various operational risks in the report, which investors should be aware of[5]. - The audit report issued by the accounting firm is a standard unqualified opinion[6]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[11]. - There are no violations of decision-making procedures for external guarantees[11]. - The company does not have any special arrangements for corporate governance[8]. - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[4]. Sales and Marketing - The company has established a comprehensive marketing network with 172 stores, including both direct and franchise stores, primarily in first and second-tier cities[111]. - The company has seen a decline in traditional bulb light source products, with shipments dropping from 201,000 units in 2017 to 97,000 units in 2021[76]. - The company reduced promotional discounts, leading to improved sales revenue and gross margin for its products[152]. - Online sales revenue grew by 51.44%, attributed to the company's strong presence on major e-commerce platforms like JD and Tmall[152]. Customer Engagement and Product Development - The company reported a significant increase in user data, reflecting strong market demand and customer engagement[31]. - Monthly active users of projection terminals reached 2.11 million by the end of December 2021[50]. - The company launched new products such as H3S and RS Pro2, enhancing usability and performance through continuous investment in optical and machine vision technologies[48]. - The company’s products received multiple awards, including the EISA Best Buy Projector 2021-2022 for HORIZON Pro[52]. - The trend of smart projectors is towards higher usability and integration with internet services, enhancing user engagement[188]. Financial Risks and Challenges - The company faces risks related to potential leakage of core technology and the need to maintain a stable and skilled workforce in a competitive market[116][119]. - The company is actively expanding its overseas market presence, which introduces various uncertainties and risks due to differing international regulations and market conditions[126]. - The company is exposed to risks from raw material price fluctuations, which could impact its production costs despite improved bargaining power with suppliers[125]. - The company must navigate seasonal sales fluctuations, particularly during major online promotional events, which can significantly affect revenue and profit[121].

2021 年第三季度报告 单位：元 币种：人民币 证券代码：688696 证券简称：极米科技 成都极米科技股份有限公司 2021 年第三季度报告 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： 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 报表信息的真实、准确、完整。 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 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|------------------------------|------------------|-------------------------- ...

Financial Performance - The company reported a revenue of 1.2 billion CNY for the first half of 2021, representing a year-over-year increase of 25%[2]. - The company's operating revenue for the first half of 2021 was approximately ¥1.69 billion, representing a 47.48% increase compared to ¥1.14 billion in the same period last year[32]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥192.72 million, a significant increase of 98.06% from ¥97.30 million in the previous year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥178.19 million, up 96.17% from ¥90.84 million in the same period last year[32]. - Basic earnings per share increased by 62.16% year-on-year to CNY 4.20, while diluted earnings per share also rose by 62.16%[36]. - Operating revenue increased by 47.48% year-on-year, driven by strong product sales and improved gross profit margins[36]. - The company achieved operating revenue of CNY 1,686,644,639.54, a year-on-year increase of 47.48%[103]. - Net profit attributable to shareholders reached CNY 192,715,300, representing a significant year-on-year increase of 98.06%[103]. User Growth and Market Expansion - User data showed an increase in active users to 3 million, up from 2.5 million in the same period last year, marking a growth of 20%[2]. - The company expects a revenue growth guidance of 30% for the second half of 2021, projecting a total revenue of approximately 1.56 billion CNY[2]. - Market expansion efforts have led to a 15% increase in sales in international markets, with a focus on North America and Europe[2]. - The company is actively expanding its overseas market presence while maintaining a strong focus on domestic sales through e-commerce and offline channels[49]. - Domestic revenue was 1.543 billion yuan, a 43.43% increase, while overseas revenue surged by 136.51% to 132 million yuan[87]. Research and Development - The company is investing 200 million CNY in R&D for new technologies aimed at enhancing product features and user experience[2]. - The total R&D investment reached approximately ¥112.34 million, representing a 117.52% increase compared to the previous period's ¥51.65 million[71]. - Research and development expenses accounted for 6.66% of operating revenue, an increase of 2.14 percentage points compared to the previous year[36]. - The company has accumulated a total of 440 patents as of June 30, 2021, including 53 invention patents, 203 utility model patents, and 184 design patents[67]. - The company applied for 145 new patents during the reporting period, with 113 being invention patents[68]. - The company has developed advanced automatic correction technology that supports six-directional automatic correction, enhancing user experience significantly[58]. - The company has developed a high-performance UI rendering framework that significantly improves rendering smoothness and reduces memory usage[66]. Product Development and Launches - New product launches included the latest projector model, which achieved sales of 500,000 units in the first half of 2021, contributing significantly to revenue growth[2]. - The company launched new products H3S and RS Pro 2, which received positive market feedback, contributing to revenue growth[37]. - The company has completed mass production of several new projector models, enhancing user experience through significant improvements in audio-visual effects and usability[73]. - The company’s laser TV segment has completed mass production with an investment of ¥4,420.77 million, focusing on product iteration to meet market trends[75]. Financial Position and Cash Flow - The net cash flow from operating activities for the first half of 2021 was approximately ¥92.26 million, a decrease of 58.45% compared to ¥222.03 million in the previous year[32]. - The total assets at the end of the reporting period were approximately ¥4.51 billion, reflecting an 81.73% increase from ¥2.48 billion at the end of the previous year[32]. - The asset-liability ratio stood at 45.45%, indicating a stable financial structure[103]. - Cash flow from operating activities decreased by 58.45% to CNY 92,255,392.17, primarily due to increased inventory levels[107]. Risks and Challenges - The company has identified key risks including supply chain disruptions and increased competition, which are detailed in the risk factors section of the report[5]. - The competitive landscape in the smart projection device industry is intensifying, posing challenges to maintaining growth rates and market share[101]. - The company faces risks related to core component supply, particularly in the semiconductor industry, which may impact production[90]. Corporate Governance and Compliance - The board confirmed that there are no non-operational fund usages by controlling shareholders or related parties during the reporting period[9]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[193]. - The company has not engaged in any significant related party transactions that were not disclosed in temporary announcements[198]. - The company strictly adhered to relevant laws and regulations, maintaining a trustworthy status throughout the reporting period[197]. Shareholder Matters and Stock Repurchase - The company plans to implement a share repurchase program, with a maximum amount set between 2% and 20% of the net proceeds from the IPO, depending on financial conditions[156]. - The company will initiate a share buyback if the stock price remains below the net asset value per share for 20 consecutive trading days[156]. - The company has established a lock-up period for shares held by certain stakeholders, which will expire after 12 months from the listing date[150]. - The company is focused on maintaining compliance with regulatory requirements related to share repurchase and lock-up commitments[156].

Financial Performance - Operating revenue rose by 62.32% to CNY 814,760,127.47 compared to the same period last year[11] - Net profit attributable to shareholders increased by 106.87% to CNY 89,461,662.30 compared to the same period last year[11] - Basic earnings per share increased by 86.96% to CNY 2.15 compared to the same period last year[14] - Total operating revenue for Q1 2021 reached ¥814,760,127.47, a 62.1% increase compared to ¥501,954,057.58 in Q1 2020[46] - Net profit for Q1 2021 was ¥89,461,662.30, representing a 106.7% increase from ¥43,246,099.10 in Q1 2020[47] - The total profit for Q1 2021 was ¥105,551,794.40, compared to ¥50,981,114.36 in Q1 2020, marking a 106.5% increase[47] Assets and Liabilities - Total assets increased by 67.90% to CNY 4,164,195,544.19 compared to the end of the previous year[11] - Current assets rose to approximately $3.28 billion, compared to $1.62 billion in the previous year, marking an increase of 102.5%[36] - Total liabilities amounted to approximately $1.73 billion, up from $1.70 billion, indicating a slight increase of 1.3%[36] - The company reported a current liability total of approximately $1.46 billion, slightly up from $1.44 billion, an increase of 2.6%[36] - Total current assets amounted to CNY 1,618,217,975.10, showing a slight decrease of CNY 658,736.94 compared to the previous period[68] - Total liabilities reached CNY 1,698,560,990.09, with a slight increase of CNY 12,289,391.83 compared to the previous period[73] Shareholder Information - Net assets attributable to shareholders increased by 211.52% to CNY 2,435,065,683.10 compared to the end of the previous year[11] - The number of shareholders reached 5,959 by the end of the reporting period[20] - The top shareholder, Zhong Bo, holds 18.76% of the shares, totaling 9,381,110 shares[19] - The company's equity attributable to shareholders surged to approximately $2.44 billion, compared to $781.67 million, an increase of 212.5%[36] Cash Flow - Net cash flow from operating activities increased by 10.84% to CNY 61,370,511.37 compared to the same period last year[11] - The net cash flow from financing activities was RMB 1,618,765,478.85, a significant improvement compared to a negative cash flow of RMB -264,150.94 in the same period last year[25] - Cash inflows from operating activities reached CNY 954,680,055.86, an increase from CNY 713,050,305.30 year-over-year[60] - The net cash flow from investment activities was -CNY 116,351,918.87, compared to -CNY 204,825,279.34 in the previous year[62] - The total cash and cash equivalents at the end of the period increased to CNY 1,902,094,314.06, up from CNY 360,218,779.00 at the beginning of the period[67] Research and Development - Research and development expenses accounted for 5.96% of operating revenue, an increase of 1.67 percentage points compared to the previous year[14] - Research and development expenses surged by 125.49% to RMB 48,548,385.66 from RMB 21,530,184.03, reflecting increased investment in R&D personnel and materials[25] - The company anticipates continued growth in revenue and profitability driven by product innovation and market expansion strategies[25] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] Other Financial Metrics - Cash and cash equivalents increased by 283.19% to RMB 2,107,752,586.59 from RMB 550,055,458.09 due to the receipt of raised funds[23] - Fixed assets rose by 127.73% to RMB 317,344,472.46 from RMB 139,348,783.49, primarily due to the completion of construction projects in Yibin Industrial Park[23] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 941,053,058.18, compared to CNY 706,819,577.22 in the previous year[58]