Financial Performance - The company's operating revenue for Q3 2022 was ¥1,580,196,799.03, representing a 16.23% increase compared to the same period last year[3]. - Net profit attributable to shareholders was ¥135,543,107.25, a decrease of 1.13% year-on-year[3]. - The company reported a basic earnings per share of ¥0.30, down 6.25% from the previous year[4]. - Operating revenue for the period was CNY 4,705,773,543.80, up from CNY 3,747,516,101.38, representing a growth of approximately 25.6%[19]. - Net profit for the period was CNY 512,858,503.03, compared to CNY 451,125,558.36 in the previous year, reflecting an increase of about 13.7%[20]. - Basic earnings per share were CNY 0.98, up from CNY 0.91, reflecting a growth of about 7.7%[20]. - The total comprehensive income attributable to shareholders of the parent company was CNY 441,991,065.88, compared to CNY 394,198,708.07, an increase of about 12.1%[20]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥714,510,774.30, a decline of 171.36% compared to the same period last year[12]. - Cash flow from operating activities showed a positive trend, with significant inflows reported[21]. - Operating cash inflow for the current period was CNY 3,631,541,335.66, an increase of 16.5% from CNY 3,115,445,863.18 in the previous period[22]. - Net cash outflow from operating activities was CNY -714,510,774.30, worsening from CNY -263,303,926.13 in the previous period[22]. - The cash and cash equivalents at the end of the period decreased to CNY 1,399,034,386.50 from CNY 1,536,712,290.52 in the previous period[23]. - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 2,914,633,795.31, up from CNY 2,203,497,422.35[22]. - Cash paid to employees increased to CNY 870,159,968.74 from CNY 802,625,635.05 in the previous period[22]. - The company did not receive any cash from investment income during the current period[22]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥9,822,387,954.09, up 5.34% from the previous year[4]. - Total liabilities increased to CNY 3,384,159,760.37 from CNY 3,235,109,219.00, marking a growth of about 4.6%[18]. - The total equity attributable to shareholders of the parent company was CNY 5,567,551,208.29, compared to CNY 5,278,795,908.53, an increase of approximately 5.5%[18]. - Accounts receivable increased by 121.49% year-to-date, totaling ¥3,890,803,872.46, driven by increased revenue from product and market development[7]. - The total current assets as of September 30, 2022, amounted to CNY 8,429,636,826.38, an increase from CNY 8,026,370,448.91 at the start of the year[16]. - The company’s inventory as of September 30, 2022, was CNY 964,336,616.90, a slight decrease from CNY 1,010,721,054.71 at the start of the year[16]. - The company’s non-current assets include fixed assets valued at CNY 1,014,504,364.56 as of September 30, 2022, compared to CNY 1,003,604,809.43 at the beginning of the year[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,871, with the largest shareholder, Aerospace Jiangnan Group Co., Ltd., holding 38.55% of shares[13]. - The top ten shareholders collectively hold 42.72% of the company's shares, indicating potential control by the China Aerospace Science and Industry Corporation through its subsidiaries[14]. Research and Development - The company's R&D expenses reached ¥402,936,449.85, an increase of 30.17% year-on-year, reflecting ongoing investment in advanced technologies[10]. - Research and development expenses amounted to CNY 402,936,449.85, up from CNY 309,543,348.63, indicating a rise of approximately 30%[19]. Contract Liabilities - Contract liabilities decreased by 69.75% year-to-date, amounting to ¥99,935,066.02, due to a reduction in customer advance payments[9]. - The company reported a decrease in contract liabilities from CNY 330,375,410.10 to CNY 99,935,066.02, indicating a reduction of approximately 69.7%[17]. - The company reported a total of CNY 19,118,278.30 in contract assets as of September 30, 2022, consistent with the previous period[16].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,069,370,210.44, representing a 31.08% increase compared to CNY 2,341,558,523.70 in the same period last year[10]. - Net profit attributable to shareholders was CNY 303,625,300.34, up 19.00% from CNY 255,150,738.65 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was CNY 294,198,591.22, an increase of 18.18% compared to CNY 248,932,188.47 in the previous year[10]. - The company's basic earnings per share increased by 13.56% to CNY 0.67 from CNY 0.59 in the same period last year[10]. - The total profit amounted to ¥398,098,978.44, reflecting a growth of 22.84% compared to the previous year[18]. - The total operating income for the reporting period reached ¥3,069,370,210.44, a 31.08% increase from ¥2,341,558,523.70 in the same period last year[22]. - The company reported a total profit of CNY 398,098,978.44, up 23.0% from CNY 324,074,442.07 in the same period last year[92]. - The total comprehensive income for the period was CNY 352,101,102.68, compared to CNY 290,014,572.59 in the previous year, marking a 21.4% increase[93]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,929,737,984.93, reflecting a 7.83% increase from CNY 9,208,721,286.84 at the end of the previous year[10]. - Current liabilities rose to CNY 3,331,138,243.69, compared to CNY 2,877,855,283.36, indicating an increase of about 15.7%[89]. - Non-current liabilities totaled CNY 311,366,601.21, slightly up from CNY 302,492,240.15, reflecting a growth of around 2.9%[89]. - The total liabilities increased to CNY 2,541,837,009.41, up from CNY 2,345,969,177.01, indicating a growth of 8.3%[91]. - The total equity attributable to shareholders of the parent company was CNY 5,466,933,066.64, compared to CNY 5,243,399,539.12, reflecting a growth of about 4.3%[89]. Cash Flow - The net cash flow from operating activities was negative at CNY -531,603,995.63, a decline of 53.86% compared to CNY -345,521,844.02 in the same period last year[10]. - The net cash flow from investment activities decreased by 57.26% to -¥143,151,901.99, attributed to cash payments for ongoing projects[21]. - Cash inflow from financing activities totaled 4,300,000.00 CNY in the first half of 2022, while cash outflow for financing activities was 90,532,451.20 CNY, resulting in a net cash flow from financing activities of -90,532,451.20 CNY[99]. - The total cash and cash equivalents at the end of the first half of 2022 were 1,286,240,298.45 CNY, a decrease from 1,865,265,589.59 CNY at the beginning of the period, reflecting a net decrease of 579,025,291.14 CNY[99]. Research and Development - Research and development expenses increased by 40.99% to ¥251,408,276.25, driven by investments in high-speed transmission and integrated system interconnection technologies[18]. - The company's R&D investment increased by 40.99% to ¥251,408,276.25, compared to ¥178,316,837.92 in the previous year, focusing on high-speed transmission interconnection technology and intelligent manufacturing[21]. Market and Competition - The company is recognized as a key player in the high-end connector, micro-motor, relay, and optoelectronic industries in China[15]. - The company reported a stable growth in demand for high-end electronic components, particularly in aerospace, aviation, electronics, and communications sectors, despite increased competition and macroeconomic fluctuations[39]. - The company plans to enhance its market competitiveness and profitability by increasing R&D investment and optimizing its operational management systems[40]. Environmental Compliance - The wastewater treatment facility has a designed capacity of 500 m³/d, meeting the water treatment needs and ensuring compliance with the discharge standards[47]. - The company has implemented energy audits and upgraded the heating system in the electroplating workshop, aiming to achieve energy-saving targets[48]. - The company has established a self-monitoring plan for environmental compliance, ensuring treated wastewater is analyzed and approved before discharge[48]. - The company has no reported administrative penalties for environmental issues during the reporting period[48]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - The management has outlined potential risk factors and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[2]. - The company emphasizes compliance and regular internal audits to mitigate management risks associated with its growing scale[41]. Investments and Acquisitions - The company has ongoing investments in subsidiaries, including a purchase of 68% of Shenzhen Aerospace Electric Motor Systems Co., Ltd. for ¥57,968,940.47[28]. - The company acquired 68% of the equity in Shenzhen Aerospace Electric Motor System Co., Ltd. to enhance its competitiveness in the civil motor industry[37]. - The company also acquired 51% of the equity in Shenzhen Smart Micro Motor Co., Ltd. to expand its civil motor product line[37]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,810[77]. - The largest shareholder, Aerospace Jiangnan Group Co., Ltd., holds 39.47% of the shares, totaling 178,666,306 shares[77]. - The company issued 23,662,256 shares through a private placement, increasing total shares from 429,000,000 to 452,662,256[74].

Financial Performance - The company's operating revenue for 2021 was ¥5,037,852,150.75, representing a year-over-year increase of 19.43% from ¥4,218,411,903.38 in 2020[12]. - The net profit attributable to shareholders for 2021 was ¥487,241,902.15, up 12.37% from ¥433,589,756.82 in 2020[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥455,104,022.76, reflecting a 13.25% increase from ¥401,846,646.09 in 2020[12]. - The net cash flow from operating activities surged to ¥833,071,532.34, a significant increase of 1,137.99% compared to ¥67,292,444.97 in 2020[12]. - The total assets at the end of 2021 amounted to ¥9,208,721,286.84, marking a 42.70% increase from ¥6,453,091,461.79 at the end of 2020[12]. - The net assets attributable to shareholders reached ¥5,243,399,539.12, up 53.95% from ¥3,406,016,532.83 at the end of 2020[12]. - The basic earnings per share for 2021 was ¥1.12, an increase of 10.89% from ¥1.01 in 2020[12]. - The diluted earnings per share also stood at ¥1.12, reflecting the same 10.89% increase from ¥1.01 in 2020[12]. - The total profit for 2021 was ¥616,887,615.11, reflecting a growth of 9.41% compared to the previous year[28]. - The company's operating costs amounted to ¥3,394,553,673.46, up 22.69% from the previous year, primarily due to rising material prices[28]. Research and Development - Research and development expenses for 2021 were ¥503,944,667.18, marking a 17.72% increase as the company focused on new product development[29]. - The company secured a total of 1,548 patent authorizations by the end of 2021, including 476 invention patents[27]. - The company is committed to enhancing its technological innovation capabilities and has participated in the revision of 12 international and national standards[27]. - The company is focusing on new product development and technology research to enhance core competitiveness and improve operational efficiency[62]. - The company is actively investing in new product development, with a budget allocation of 200 million yuan for R&D in 2022, focusing on advanced aerospace technologies[91]. Market Position and Strategy - The company operates in the electronic components industry, focusing on high-end connectors, micro motors, high-end relays, and optical communication devices[18]. - The company ranked 14th among the top 100 electronic component companies in China in 2021[24]. - The connector market is expected to grow significantly, driven by demand in automotive, telecommunications, and aerospace sectors, which together account for over 50% of the market share[22]. - The company’s production strategy is based on a "sales-driven production" model, focusing on high-end clients in aerospace, electronics, and military sectors[26]. - The company is positioned as a key player in the domestic high-end connector and micro motor industries, with significant advantages in brand, product development, and cost control[62]. - The company plans to enhance its marketing strategy by focusing on "horizontal expansion and vertical deepening" to capture orders in key sectors like telecommunications and automotive[68]. Corporate Governance and Management - The company has established an independent financial accounting department and a financial management system, ensuring no fund occupation by the controlling shareholder[76]. - The company appointed Wang Yuexuan as the chairman of the board on July 3, 2021, following the board's re-election[82]. - Li Lingzhi was appointed as the general manager on July 3, 2021, responsible for daily operations management[83]. - The company experienced a significant turnover in its board and supervisory roles, with multiple resignations on June 29, 2021, including four directors and three supervisors[83]. - The company is committed to maintaining high standards of corporate governance following the recent leadership changes[84]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating a commitment to environmental responsibility[117]. - The company reported a total chromium emission of 0.0035514 tons, which is below the approved emission limit of 0.0156175 tons per annum[118]. - The company has implemented a wastewater treatment system with a design capacity of 500m³/d, which meets the required discharge standards[119]. - The company has committed to reducing carbon emissions by optimizing the operation of air compressors, resulting in lower energy consumption[121]. - The company has established a comprehensive environmental management system and has not been held accountable for safety or environmental issues[122]. Shareholder Returns - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, based on a total of 452,662,256 shares[2]. - The company's cash dividends accounted for 100% of the total profit distribution during the reporting period[109]. - The company has maintained a high cash dividend level since 2009, with a cash dividend of 2.00 yuan per 10 shares, totaling 90,532,451.20 yuan for the reporting period[109]. Financial Management - The company has a financial cooperation agreement with Aerospace Science and Industry Financial Company, allowing for a daily average deposit limit of 1.5 billion CNY and a loan service of no less than 600 million CNY[141]. - The company’s rental expenses for properties leased from its controlling shareholder amounted to 227.24 million CNY in 2021, based on market prices[140]. - The company’s total sales of related party transactions for water and electricity amounted to 107,795.43 million CNY during the reporting period[134]. - The company has committed to measures to mitigate the dilution of immediate returns from its non-public stock issuance[148]. - The company completed a non-public offering of 23,662,256 shares, increasing total shares from 429,000,000 to 452,662,256[153].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,330,988,718.42, an increase of 18.43% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥137,874,121.65, reflecting a growth of 12.51% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥118,944,143.70, up by 2.40% from the previous year[3] - Total operating revenue for Q3 2021 reached CNY 3,672,547,242.12, a 22.3% increase from CNY 3,002,232,084.14 in Q3 2020[17] - Operating profit for Q3 2021 was CNY 497,730,421.53, up 23.0% from CNY 404,892,244.16 in the same period last year[17] - Net profit attributable to shareholders of the parent company was CNY 393,024,860.30, representing a 28.0% increase compared to CNY 307,387,636.30 in Q3 2020[18] - The company reported a net profit margin of approximately 12.2% for Q3 2021, compared to 11.8% in Q3 2020[17] - The total comprehensive income for Q3 2021 was CNY 448,572,047.55, compared to CNY 355,588,155.08 in Q3 2020, reflecting overall growth[18] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,236,847,061.07, representing a 43.14% increase from the end of the previous year[3] - Current assets totaled CNY 7,979,939,601.72, up from CNY 5,625,072,993.34, indicating a growth of about 42.3% year-over-year[15] - Total liabilities amounted to CNY 3,320,643,065.82, up from CNY 2,333,634,040.61, representing a growth of about 42.4%[16] - The company's equity attributable to shareholders increased to CNY 5,149,321,102.54 from CNY 3,406,016,532.83, reflecting a growth of approximately 51.2%[16] - Total liabilities amounted to CNY 2,333,634,040.61, a slight decrease from CNY 2,341,992,677.75 in the previous period[24] Cash Flow - The company's cash and cash equivalents increased by 85.66% to ¥1,552,655,488.74 due to fundraising activities[5] - Cash inflow from operating activities totaled CNY 3,027,692,727.23, significantly higher than CNY 1,633,660,849.70 in the previous year[19] - Cash inflow from financing activities reached CNY 1,609,694,534.36, compared to CNY 10,000,000.00 in the same period last year[20] - Net cash flow from financing activities was CNY 1,518,844,434.36, a significant increase from negative CNY 61,197,950.00 in the previous year[20] - The company reported a net increase in cash and cash equivalents of CNY 745,709,653.57, contrasting with a decrease of CNY 409,619,538.62 in the same quarter last year[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,900, with the largest shareholder, Aerospace Jiangnan Group Co., Ltd., holding 39.47% of the shares[9] - The company plans to issue up to 63,886,100 new shares in a private placement, with a total fundraising target of no more than 143,062.00 million RMB[12] - The company received approval from the China Securities Regulatory Commission for its private placement on July 12, 2021, allowing it to raise funds through the issuance of new shares[13] - The total share capital increased from 429,000,000 shares to 452,662,256 shares following the completion of the private placement[13] - The company’s major shareholders are state-owned enterprises, with China Aerospace Science and Industry Corporation holding a combined 43.64% of the shares[10] Operational Metrics - Management expenses for the period were ¥286,997,992.01, a rise of 48.98% compared to the same period last year[7] - Research and development expenses increased to CNY 301,157,616.18, up from CNY 266,344,152.38 in Q3 2020, indicating a focus on innovation[17] - Total operating costs for Q3 2021 were CNY 3,104,203,671.06, a rise of 22.7% from CNY 2,527,852,099.80 in the same quarter last year[17] Investment Activities - The net cash flow from investment activities was -514,116,259.24 RMB, a decline of 529.68% year-on-year, primarily due to increased cash payments for investment projects and asset acquisitions[8] - The company has engaged in asset acquisition activities, including the purchase of operational assets from Linquan Aerospace Electric Motor Co., Ltd.[12] Other Financial Information - The company's financial expenses for the reporting period were -7,751,537.95 RMB, a decrease of 65.40% compared to the same period last year due to increased interest income and reduced exchange losses[8] - The company reported a significant increase in other current assets, which rose to CNY 27,918,077.28 from CNY 5,299,212.89, marking a growth of approximately 426.5%[15] - The company has not undergone an audit for the third quarter report[25] - The report indicates that the company has implemented new leasing standards starting from 2021, with no retrospective adjustments required[24]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,341,558,523.70, representing a 24.66% increase compared to CNY 1,878,376,811.84 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was CNY 255,150,738.65, up 38.04% from CNY 184,840,747.66 year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 248,932,188.47, an increase of 48.29% compared to CNY 167,869,906.10 in the previous year[10]. - The basic earnings per share for the period was CNY 0.59, reflecting a 37.21% increase from CNY 0.43 in the same period last year[10]. - The total operating revenue for the reporting period reached CNY 2,341,558,523.70, representing a year-on-year increase of 24.66%[22]. - The net profit for the period was CNY 255,150,738.65, reflecting a growth of 38.04% compared to the same period last year[18]. - The company's operating costs amounted to CNY 1,538,973,209.05, which is a 24.83% increase year-on-year[19]. - Research and development expenses reached CNY 178,316,837.92, up 15.00% from the previous year, driven by investments in new product development[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,221,165,023.06, an increase of 11.90% from CNY 6,453,091,461.79 at the end of the previous year[10]. - The net assets attributable to shareholders of the listed company were CNY 3,583,844,734.36, up 5.22% from CNY 3,406,016,532.83 at the end of the previous year[10]. - The company's accounts receivable rose to CNY 3,144,808,396.74, reflecting a 14.47% increase due to higher sales revenue[26]. - The inventory level increased to CNY 888,021,796.46, indicating a rise in operational demand[26]. - Total liabilities reached RMB 2,892,222,384.27 as of June 30, 2021, compared to RMB 2,333,634,040.61 at the end of 2020, which is an increase of approximately 24%[83]. Cash Flow - The net cash flow from operating activities was negative CNY 345,521,844.02, a decline of 17.64% compared to negative CNY 293,700,037.18 in the same period last year[10]. - The company reported a negative net cash flow from operating activities of CNY -345,521,844.02, a decrease of 17.64% year-on-year[19]. - The net cash flow from financing activities was -86,550,100.00 CNY, compared to -61,197,950.00 CNY in the previous year, reflecting increased financing costs[94]. - The ending balance of cash and cash equivalents decreased to 224,720,721.62 CNY from 448,799,425.22 CNY year-over-year[94]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[3]. - The company allocated CNY 86,550,100.00 for cash dividends to shareholders for the fiscal year 2020, marking a 41.43% increase in financing cash outflows[21]. - The largest shareholder, Aerospace Jiangnan Group Co., Ltd., holds 41.65% of the shares, totaling 178,666,306[72]. - The total number of shares after the recent changes is 429,000,000, with 99.98% being unrestricted shares[69]. Research and Development - The company completed 28 updates to its technical development roadmap and initiated 25 key research projects during the first half of 2021[18]. - Research and development investment increased by 15.00% to CNY 178,316,837.92 compared to the previous year[21]. - The company is focusing on high-end electronic components, particularly in sectors like aerospace, telecommunications, and new energy vehicles[18]. Environmental and Social Responsibility - The company has implemented a self-monitoring plan for environmental protection, ensuring treated water quality meets discharge standards before release[44]. - The company continues to support the development of economically underdeveloped areas in the second half of the year as part of its social responsibility efforts[46]. - The company purchased rural specialty products from various counties in Guizhou Province totaling 891,500 RMB to support rural revitalization[46]. Strategic Planning and Market Position - The company is focusing on deepening research into national economic policies and industry policies to enhance its strategic planning and market competitiveness[33]. - The company plans to accelerate the industrialization of technological achievements and the construction of intelligent production lines following its non-public stock issuance in 2021[34]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[66]. Compliance and Governance - The company emphasizes a "compliance operation" philosophy to regularly conduct internal audits and risk assessments for its subsidiaries[35]. - The company has no stock incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[39]. - The company has ongoing commitments related to avoiding competition and related transactions, which were made during its initial public offering in December 2001 and are still being fulfilled[49]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the relevant accounting standards and reflect the company's financial position accurately[112]. - The company’s accounting period runs from January 1 to December 31 each year[114]. - The preparation of consolidated financial statements is based on the financial statements of the parent company and its subsidiaries, in accordance with the relevant accounting standards[117].

Financial Performance - The company's operating revenue for 2020 was CNY 4,218,411,903.38, an increase of 19.38% compared to CNY 3,533,710,584.98 in 2019[12]. - The net profit attributable to shareholders for 2020 was CNY 433,589,756.82, representing a growth of 7.80% from CNY 402,233,891.06 in 2019[12]. - The net profit after deducting non-recurring gains and losses was CNY 401,846,646.09, an increase of 8.57% from CNY 370,143,518.21 in 2019[12]. - The total profit for the year was CNY 563,815,679.09, reflecting an 11.61% increase compared to the previous year[21]. - The basic earnings per share for 2020 was CNY 1.01, up 7.45% from CNY 0.94 in 2019[12]. - The total operating revenue for the fourth quarter reached ¥1,216,179,819.24, showing a consistent growth trend throughout the year[14]. - The net profit attributable to shareholders for the fourth quarter was ¥126,202,120.52, indicating a strong performance in profitability[14]. - The company reported a total comprehensive income of CNY 508,952,277.99 for 2020, compared to CNY 458,626,732.52 in 2019, reflecting a growth of 10.96%[170]. Cash Flow and Assets - The net cash flow from operating activities decreased by 74.64% to CNY 67,292,444.97 from CNY 265,348,926.68 in 2019[12]. - The company's cash flow from operating activities decreased by 74.64% to CNY 67,292,444.97, primarily due to increased reliance on commercial bills for payment[23]. - The company's cash and cash equivalents decreased by 204.18% to -¥109,450,935.38 in 2020 from an increase of ¥105,060,929.93 in 2019[39]. - The total assets at the end of 2020 were CNY 6,453,091,461.79, a 15.36% increase from CNY 5,593,990,470.97 at the end of 2019[12]. - Accounts receivable rose to ¥1,876,263,410.04, accounting for 29.08% of total assets, up from 27.37% in 2019[42]. - Inventory increased to ¥625,548,268.66, representing 9.69% of total assets, compared to 8.88% in 2019[42]. Research and Development - Research and development expenses were CNY 428,078,760.84, a 13.25% increase, driven by investments in new product development, particularly in 5G connectors and high-speed connectors[23]. - The company launched 78 key research projects during the year, with a notable achievement being the national second-class award for the "Extreme Environment Special Motor System Technology" project[22]. - The company applied for 272 patents and received 146 patent authorizations in 2020, indicating a strong commitment to innovation and market competitiveness[36]. - The number of R&D personnel increased to 1,209 in 2020, a growth of 13.63% from 1,064 in 2019[37]. Market and Competition - The company operates in high-tech fields such as aerospace, aviation, and communication, with over 70% of its products sold to high-end customers in these sectors[16]. - The company is facing increased competition from both domestic and international players, necessitating continuous investment in technology innovation and new business development[52]. - The company aims to enhance its market share in 5G communication, data centers, and new energy sectors through technology innovation and talent acquisition[59]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, based on a total of 429,000,000 shares[2]. - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares, totaling 85,800,000 CNY for the year 2020, which represents 19.79% of the net profit attributable to shareholders[63]. - The company has maintained a high cash dividend level since 2009, with a consistent policy that protects the rights of minority shareholders[61]. Subsidiaries and Organizational Structure - The company has established eight subsidiaries and several research institutes across major cities, forming a comprehensive industrial layout[16]. - The company has a controlling stake in several subsidiaries, including 100% in Shanghai Weikebao Communication Technology Co., Ltd. and 75.24% in Zunyi Jingxing Aerospace Electric Co., Ltd.[189]. - The company has implemented a unified management model for subsidiaries to improve operational efficiency and profitability[59]. Environmental and Social Responsibility - The company has established an environmental management system and has not faced any regulatory penalties related to safety or environmental issues[87]. - The company implemented three poverty alleviation projects in Guizhou Province, fulfilling its social responsibility[88]. - The company has established an emergency response plan for environmental incidents, compliant with national and local regulations[93]. Governance and Compliance - The company has maintained its accounting firm, Tianzhi International Accounting Firm, for five consecutive years, with an audit fee of 535,000 yuan[70]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2020[149]. - The company has a comprehensive internal control system and has not provided guarantees or financial assistance to any related parties since its listing[87]. Future Outlook - The company plans to develop key new products in 2021, including a series of brushless starter motors and high-power density motors[54][55]. - The company anticipates a funding requirement of 452 million yuan for 2021 operations, which will be met through self-funding and bank loans if necessary[57]. - Future outlook indicates a projected revenue growth of 10% for 2021, with a target of 1.32 billion yuan[120].