Financial Performance - The company's operating revenue for 2021 was ¥5,655,971,824.78, representing a 43.20% increase compared to ¥3,949,731,031.60 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥1,490,958,519.30, a significant increase of 146.21% from ¥605,569,382.22 in 2020[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,381,441,067.24, up 169.26% from ¥513,050,307.32 in 2020[18]. - The net cash flow from operating activities reached ¥1,335,358,874.60, a remarkable increase of 2,028.62% compared to -¥69,239,138.75 in 2020[18]. - Basic earnings per share for 2021 were ¥2.8946, reflecting a 146.08% increase from ¥1.1763 in 2020[18]. - Gross profit margin increased to 60.82%, up by 7.25 percentage points compared to the previous year[30]. - The company reported a net profit attributable to shareholders of ¥1,490,000,000.00 for the year, with quarterly profits showing a significant increase in Q4 to ¥535,247,615.96[21]. Assets and Liabilities - Total assets reached ¥11,122,768,868.08 in 2021, a 24.17% increase from ¥8,958,029,098.16 in 2020[19]. - Net assets attributable to shareholders increased by 24.61% to ¥7,441,051,074.48 in 2021 from ¥5,971,323,543.91 in 2020[19]. - Total liabilities reached CNY 3,685,539,261.80, up from CNY 2,985,707,651.76, which is an increase of approximately 23.4%[194]. - The company's equity increased to CNY 7,437,229,606.28 from CNY 5,972,321,446.40, representing a growth of about 24.5%[194]. - The total non-current liabilities decreased to CNY 406,192,576.72 in 2021 from CNY 523,507,128.06 in 2020, a decline of approximately 22.4%[198]. Research and Development - The company applied for 336 patents in 2021, including 162 invention patents, and received 223 patent grants, enhancing its intellectual property portfolio[27]. - The company has established 25 provincial and ministerial-level innovation platforms, reflecting its commitment to research and development[27]. - Research and development expenses rose by 11.45% year-on-year to ¥369,816,415.58, reflecting increased investment in product development[43]. - The number of R&D personnel increased by 12.34% to 865, with a notable rise in the number of master's degree holders by 20.3%[46]. Market Position and Strategy - The company is focusing on high-end product development, including new high-performance IGBT and solid-state relay products, to strengthen its market position[27]. - The military electronics component industry is experiencing a surge in orders, with the company capitalizing on this trend to achieve record operational scale and efficiency[25]. - The company anticipates rapid growth in domestic demand for electronic components, particularly in defense and civil sectors driven by new infrastructure projects like 5G and high-voltage power transmission[75]. - The company is committed to continuous improvement in product structure and technology to meet the evolving demands of the market[75]. Corporate Governance - The company held four shareholder meetings during the reporting period, ensuring all shareholders, especially minority shareholders, could fully exercise their voting rights[80]. - The company has established a performance evaluation system linking senior management's performance directly to their compensation, promoting transparency and accountability[81]. - The company is committed to maintaining independence from its controlling shareholder in business, personnel, assets, and financial aspects, ensuring a complete business system[82]. - The company has a structured governance framework with clear roles for its board members and management team[91]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[122]. - The company has consistently met pollution discharge standards across various pollutants, with no instances of exceeding limits reported[123]. - The company has established wastewater treatment facilities with capacities of 140t/d, 350t/d, and 120t/d for its subsidiaries, ensuring compliance with environmental standards[125]. - The company incurred a fine of 730,000 CNY for environmental violations related to unapproved use of construction project facilities, but it had no impact on operations[127]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,319, an increase from 23,333 at the end of the previous month, representing a growth of approximately 4.23%[171]. - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 32.73% of the shares, totaling 169,573,344 shares[173]. - The company did not conduct any repurchase agreements among the top 10 shareholders during the reporting period[174]. - The controlling shareholder is China Zhinhua Electronics Group Co., Ltd., a central state-owned enterprise, which has not changed during the reporting period[175]. Financial Management - The company has not reported any penalties from securities regulatory agencies for its current and recently departed directors and supervisors[94]. - The company’s financial reporting adjustments reflect a fair representation of its financial position and operating results in accordance with relevant laws and regulations[136]. - The company has not faced any penalties or corrective actions during the reporting period[141]. - The company has recognized a credit impairment loss of CNY 8,100 million on the entrusted loans due to the bankruptcy of a subsidiary[164].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,431,369,151.81, representing a year-on-year increase of 36.81%[3] - The net profit attributable to shareholders for the same period was ¥440,326,108.40, a significant increase of 258.05% compared to the previous year[3] - The basic earnings per share reached ¥0.855, reflecting a growth of 259.41% year-on-year[4] - The company's operating revenue for the current period reached ¥4,248,033,974.20, representing a 38.32% increase compared to the previous period's ¥3,071,141,735.36[9] - Total revenue for the third quarter of 2021 reached ¥4,248,033,974.20, an increase of 38.2% compared to ¥3,071,141,735.36 in the same period last year[18] - The net profit for Q3 2021 was CNY 961,693,538.73, a significant increase from CNY 355,663,605.17 in Q3 2020, representing a growth of approximately 170%[19] - Operating profit for Q3 2021 reached CNY 1,140,775,068.47, compared to CNY 442,511,731.87 in the same period last year, indicating a year-over-year increase of about 158%[19] - Total revenue from sales of goods and services in Q3 2021 amounted to CNY 3,403,943,548.49, up from CNY 1,780,196,206.42 in Q3 2020, reflecting an increase of approximately 91%[21] - The company reported a total comprehensive income of CNY 952,814,918.28 for Q3 2021, compared to CNY 343,664,468.93 in Q3 2020, marking an increase of about 177%[20] - Basic and diluted earnings per share for Q3 2021 were both CNY 1.8565, significantly higher than CNY 0.696 in Q3 2020[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥10,776,463,354.45, marking a 20.30% increase from the end of the previous year[4] - Total assets reached CNY 8,958,029,098.16 as of the end of 2020[28] - The total liabilities increased to ¥3,925,373,298.81 from ¥2,985,707,651.76, reflecting a rise of 31.5%[16] - The total liabilities were CNY 2,985,707,651.76 as of the third quarter of 2021[27] - The total owner's equity was CNY 5,972,321,446.40 as of the third quarter of 2021[28] Cash Flow - The company reported a net cash flow from operating activities of ¥667,622,207.37, which is a 220.66% increase year-to-date[4] - The net cash flow from operating activities was ¥667,622,207.37, a substantial increase of 220.66% compared to the previous period's -¥553,290,971.69[10] - The cash flow from operating activities for Q3 2021 was CNY 667,622,207.37, a turnaround from a negative cash flow of CNY -553,290,971.69 in Q3 2020[23] - The net cash flow from investing activities was -¥242,769,762.69, a 122.84% increase in outflows compared to -¥108,943,257.23 in the previous period, mainly due to increased capital expenditures[10] - Investment activities resulted in a net cash outflow of CNY -242,769,762.69 in Q3 2021, compared to a smaller outflow of CNY -108,943,257.23 in Q3 2020[23] - The company experienced a net cash increase of CNY 132,769,001.61 in Q3 2021, contrasting with a decrease of CNY -506,017,513.42 in Q3 2020[23] Expenses - Management expenses increased by 62.26% to ¥752,926,279.95 from ¥464,016,292.06, primarily due to a one-time provision for social management costs[9] - The company reported a 104.07% increase in income tax expenses to ¥179,940,106.57 from ¥88,174,450.92, driven by profit growth[9] - Research and development expenses for the quarter were ¥274,414,915.47, up from ¥233,782,859.20, indicating a year-over-year increase of 17.3%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,056, with the largest shareholder, China Zhihua Electronics Group Co., Ltd., holding 32.94%[11] - The top ten shareholders collectively hold significant stakes, with the largest non-state shareholder being Agricultural Bank of China, holding 3.58%[11] Other Financial Metrics - The weighted average return on equity was 6.60%, up from 4.42% in the previous year[4] - Credit impairment losses decreased by 83.33% to -¥47,472,410.03 from -¥284,826,058.43, due to adjustments based on historical data and reduced expected credit loss rates[9] - The fair value change income was -¥9,318,047.72, a significant decline of 136.51% from the previous period's income of ¥25,522,872.79, attributed to changes in investment property valuations[9] Inventory and Receivables - Accounts receivable increased by 107.87% to ¥2,727,901,703.93, primarily due to the growth in sales in the new electronic components sector[7] - Inventory rose by 46.39% to ¥1,605,614,957.17, driven by increased production scale during the reporting period[7] - Accounts receivable rose to ¥2,727,901,703.93, a significant increase of 107.5% from ¥1,312,302,627.34[14] - Inventory levels increased to ¥1,605,614,957.17, compared to ¥1,096,831,229.02, marking a growth of 46.2%[15] Regulatory and Reporting Changes - The company has not audited the third quarter report for 2021[28] - The company implemented new leasing standards starting January 1, 2021, affecting financial reporting[28]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,816,664,822.39, representing a 39.10% increase compared to ¥2,024,858,516.64 in the same period last year[10]. - The net profit attributable to shareholders for the first half of 2021 was ¥515,384,794.94, a significant increase of 118.79% from ¥235,557,180.81 in the previous year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥493,038,475.76, up 155.93% from ¥192,644,204.27 year-on-year[10]. - Basic earnings per share for the first half of 2021 were ¥1.0011, compared to ¥0.4576 in the previous year, reflecting an increase of 118.77%[10]. - The company achieved a total revenue of CNY 2.82 billion, representing a year-on-year growth of 39.1%[15]. - The gross profit margin improved to 56.64%, an increase of 3.25 percentage points compared to the previous year[15]. - The company reported a net increase in cash and cash equivalents of CNY 198.25 million, a 143.51% improvement compared to the previous year[19]. - The company's revenue for electronic components reached ¥2,816,664,822.39, representing a year-on-year increase of 39.10%[21]. - The gross profit margin for electronic components was 56.64%, an increase of 3.25% compared to the same period last year[21]. - The company reported a total investment of ¥200,958,966.46 during the reporting period, representing a 40.70% increase compared to ¥142,825,400.00 in the same period last year[30]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥459,289,232.57, a turnaround from a negative cash flow of -¥545,203,536.80 in the same period last year, marking an increase of 184.24%[10]. - The company reported a total cash balance of CNY 1,122,312,504.08 at the end of the period, an increase from CNY 917,693,477.41 at the beginning of the period[192]. - The cash inflow from operating activities for the first half of 2021 was CNY 2,386,446,571.61, an increase of 59.3% compared to CNY 1,496,809,370.11 in the same period of 2020[98]. - The total cash and cash equivalents at the end of the period increased to CNY 1,113,355,585.16, compared to CNY 872,712,687.75 at the end of the first half of 2020[100]. - The company reported a decrease in accounts receivable from ¥251,653,579.62 to ¥102,896,529.46, suggesting improved collection efficiency[88]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,131,993,010.98, a 13.11% increase from ¥8,958,029,098.16 at the end of the previous year[10]. - The total liabilities increased to ¥3,711,835,227.21 from ¥2,985,707,651.76, reflecting a rise in financial obligations[89]. - The company's total equity decreased slightly from ¥4,449,888,592.20 at the end of 2020 to ¥4,367,977,116.67 as of June 30, 2021[91]. - The total current liabilities reached CNY 2,665,393,930.56, compared to CNY 2,100,806,673.66, which is an increase of approximately 27%[86]. - The company's total restricted cash due to pledges and other limitations was CNY 8,956,918.92 at the end of the period[192]. Research and Development - Research and development expenses increased by 56.46% to CNY 213.62 million, reflecting the company's commitment to product innovation[19]. - The company plans to increase R&D efforts and accelerate independent innovation to enhance product competitiveness in response to macroeconomic risks[36]. - Research and development expenses for the first half of 2021 were ¥174,725,287.02, up from ¥135,613,367.31 in the same period of 2020, indicating a focus on innovation[92]. Environmental Compliance - The total discharge of COD for Zhenhua Yuguang is 0.27 tons, with a concentration of 13 mg/L, which is below the standard limit[46]. - Zhenhua Hualian reported a total nitrogen discharge of 13.83 mg/L, significantly lower than the standard limit of 20 mg/L[47]. - Zhenhua Yuguang has successfully maintained compliance with all environmental discharge standards, with no exceedances reported[46]. - The company has implemented an online monitoring system for heavy metal indicators, ensuring real-time tracking of pollutant concentrations[49]. - No administrative penalties have been imposed on the company for environmental issues during the reporting period[50]. Corporate Governance - The company held its 2020 Annual General Meeting on May 20, 2021, with a participation rate of 42.21%[38]. - The company appointed a new chairman, Xiao Lishu, on April 28, 2021, following the dismissal of the previous chairman, Fu Xianmin[39]. - The company has not made any forward-looking commitments regarding future plans, urging investors to be aware of investment risks[2]. - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[2]. Shareholder Information - The total number of unrestricted shares is 514,805,618, representing 100% of the company's shares[73]. - The largest shareholder, China Zhuhua Electronics Group Co., Ltd., holds 32.94% of the shares, totaling 169,573,344 shares[76]. - The second largest shareholder, Agricultural Bank of China, holds 4.85% of the shares, totaling 24,986,482 shares[76]. - There were no changes in the number of shares with limited sale conditions, remaining at 0[73]. Financial Reporting and Compliance - The financial report for the first half of 2021 was not audited[52]. - The company adheres to the Chinese Accounting Standards, ensuring accurate financial reporting[122]. - The company’s financial statements reflect a true and complete picture of its financial status as of June 30, 2021[122]. - The company’s accounting policies have been updated to align with the latest financial reporting standards issued by the Ministry of Finance[175]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[89]. - The company has initiated a strategic review for potential mergers and acquisitions to bolster its market position[106]. - The company has set a performance guidance for the next quarter, aiming for a revenue increase of 10%[106].

中国振华(集团)科技股份有限公司 2021 年第一季度报告全文 中国振华(集团)科技股份有限公司 2021 年第一季度报告 2021 年 04 月 30 日 1 中国振华(集团)科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承 担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人付贤民、主管会计工作负责人潘文章及会计机构负责人(会 计主管人员)孙鑫声明：保证季度报告中财务报表的真实、准确、完整。 2 中国振华(集团)科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|-------------------------- ...