Financial Performance - The company's revenue for Q1 2021 was CNY 473,833,242.54, representing a 71.57% increase compared to CNY 276,167,362.69 in the same period last year[7]. - Net profit attributable to shareholders was CNY 22,717,801.10, a 100.07% increase from CNY 11,354,864.40 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 25,108,563.11, up 200.97% from CNY 8,342,633.50 in the previous year[7]. - The basic earnings per share increased to CNY 0.06, doubling from CNY 0.03 in the same quarter last year[7]. - Total operating revenue for Q1 2021 reached CNY 473,833,242.54, a significant increase from CNY 276,167,362.69 in the previous period[37]. - Net profit for Q1 2021 was CNY 22,717,801.10, up from CNY 11,354,864.40 in the same period last year, indicating a growth of 100%[39]. - The company reported a total profit of CNY 27,438,126.96 for the quarter, compared to CNY 13,725,072.56 in the previous year, marking a substantial increase[39]. - The net profit for the first quarter of 2021 was CNY 18,962,916.59, compared to CNY 3,602,914.24 in the same period last year, representing an increase of approximately 426%[43]. - Operating profit for the first quarter reached CNY 22,809,506.01, significantly higher than CNY 4,377,012.02 in the previous year, indicating a growth of about 420%[43]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,900,870,877.92, a 3.93% increase from CNY 1,829,046,813.59 at the end of the previous year[7]. - The company's total assets reached CNY 1,846,071,316.39, up from CNY 1,785,889,350.25, reflecting growth in the company's asset base[38]. - The total liabilities of the company were CNY 906,951,954.51, compared to CNY 857,845,691.28, marking an increase of around 5.7%[31]. - Total liabilities increased to CNY 1,029,059,899.19 from CNY 987,840,849.64, showing a rise in financial obligations[38]. - The company's equity attributable to shareholders reached CNY 993,918,923.41, up from CNY 971,201,122.31, which is an increase of approximately 2.6%[32]. - The company's total liabilities to equity ratio stood at approximately 0.91, reflecting a slight increase from the previous period[31]. Cash Flow - The net cash flow from operating activities was negative CNY 32,675,439.94, a decline of 389.59% compared to a positive CNY 11,283,451.81 in the same period last year[7]. - Cash flow from operating activities decreased by 43.9589 million yuan, a decrease of 389.59%, mainly due to an increase in operating receivables and inventory[15]. - The company incurred a total operating cash outflow of CNY 377,520,719.45, compared to CNY 226,835,302.55 in the previous year, marking an increase of approximately 66%[47]. - The financing activities generated a net cash inflow of CNY 45,481,609.07, compared to CNY 16,033,490.13 in the same period last year, showing an increase of approximately 184%[48]. - The net cash flow from financing activities increased to 56,784,388.81 from 33,265,994.44 year-over-year[51]. - The cash outflow for the acquisition of fixed assets and other long-term assets was 5,288,313.16, a decrease from 6,793,970.90 year-over-year[51]. - The cash paid for debt repayment was 99,000,000.00, compared to 54,000,000.00 in the previous year[51]. Shareholder Information - The company reported a total of 42,445 common shareholders at the end of the reporting period[11]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., held 19.72% of the shares, amounting to 74,009,208 shares, which are currently frozen[11]. Operational Metrics - Operating costs increased by 169.1356 million yuan, an increase of 77.08%, mainly due to sales growth during the period[15]. - Management expenses increased by 8.4057 million yuan, an increase of 51.92%, primarily due to increased employee compensation and depreciation expenses[15]. - Research and development expenses for the quarter were CNY 14,365,482.41, slightly down from CNY 15,261,172.92 year-over-year[38]. Other Financial Metrics - The weighted average return on equity was 2.31%, up from 1.26% in the previous year[7]. - Credit impairment losses increased by 4.5459 million yuan, an increase of 568.56%, mainly due to increased bad debt provisions resulting from revenue growth[15]. - Investment income decreased by 0.9057 million yuan, a decrease of 411.87%, mainly due to losses from ineffective hedging during the period[15].

Financial Performance - The company's operating revenue for 2020 was CNY 1,548,632,508.79, representing a 9.19% increase compared to CNY 1,418,269,645.18 in 2019[17] - The net profit attributable to shareholders for 2020 was CNY 87,930,951.38, a decrease of 5.02% from CNY 92,582,917.83 in 2019[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 75,651,573.71, down 2.79% from CNY 77,823,042.74 in the previous year[17] - The net cash flow from operating activities was CNY 160,491,983.07, a significant increase of 2,008.24% compared to a negative cash flow of CNY 8,410,488.04 in 2019[17] - Basic earnings per share for 2020 were CNY 0.23, down 8.00% from CNY 0.25 in 2019[17] - The diluted earnings per share also stood at CNY 0.23, reflecting the same 8.00% decrease compared to the previous year[17] - The weighted average return on net assets was 9.44%, a decline of 1.47% from 10.91% in 2019[17] - The company's operating profit for 2020 was ¥83,028,848.36, a decrease of 25.44% year-on-year[39] - The total profit for 2020 was ¥93,250,296.32, down 5.87% from the previous year[39] Revenue Breakdown - Revenue from lead frame products was 886,978,189.52 CNY, accounting for 57.27% of total revenue, with a year-on-year growth of 10.76%[46] - The domestic market contributed 1,266,816,100.87 CNY, which is 81.80% of total revenue, showing a 12.84% increase year-on-year[46] - The sales volume of lead frames increased by 1.63% to 1,238.33 million units, while production volume decreased by 1.24% to 1,209.14 million units[47] - The company's gross profit margin for lead frame products was 25.41%, a decrease of 3.87% compared to the previous year[46] Assets and Liabilities - Total assets at the end of 2020 were CNY 1,829,046,813.59, an increase of 0.97% compared to CNY 1,811,443,649.36 at the end of 2019[18] - Net assets attributable to shareholders at the end of 2020 were CNY 971,201,122.31, representing an 8.80% increase from CNY 892,652,229.93 at the end of 2019[18] - Accounts receivable increased to ¥376,518,795.88, representing 20.59% of total assets, up from 19.84% in the previous year[66] - Inventory rose to ¥330,252,160.83, making up 18.06% of total assets, compared to 16.78% at the beginning of the year[66] Cash Flow - Operating cash inflow totaled ¥1,291,189,486.98 in 2020, representing a 17.42% increase from ¥1,099,604,707.70 in 2019[60] - Investment cash inflow surged by 296.36% to ¥72,527,037.95 in 2020, up from ¥18,298,369.82 in 2019[60] - The net increase in cash and cash equivalents was ¥21,853,662.54, a 547.45% increase from -¥4,884,023.03 in 2019[61] Research and Development - The company has 33 invention patents and 78 utility model patents, showcasing its strong R&D capabilities[33] - Research and development expenses for 2020 were 61,572,582.94 CNY, a decrease of 5.48% from the previous year[57] - The number of R&D personnel decreased by 17.83% to 106 in 2020, accounting for 11.50% of total employees[58] - The company plans to enhance its R&D capabilities by introducing 1-2 PhD candidates and establishing an academic workstation in 2021[92] Market Position and Strategy - The company has maintained a stable customer base with a coverage rate of 60% among major domestic semiconductor packaging enterprises[30] - The company’s main products include lead frames and bonding wires, which are essential materials for semiconductor packaging[26] - The company operates under a "sales-driven production" model, adjusting production plans based on market demand and inventory levels[30] - The company aims to achieve a revenue target of 1.78 billion RMB in 2021, contingent on market demand and other factors[92] Risk Management - The company has established a risk-hedging mechanism to address the volatility in raw material prices, which include copper, gold, and silver[4] - The company faces risks related to market fluctuations in the semiconductor industry, which is cyclical and can impact pricing and performance[96] - The company has established a risk management mechanism to mitigate the impact of raw material price fluctuations, including strategies like zero inventory and centralized procurement[96] Legal Matters - The company was awarded a judgment of RMB 637.5 million for the return of goods and compensation for losses in a lawsuit against Aomet Technology[121] - The court upheld the original ruling on September 18, 2020, maintaining the judgment against Aomet Technology[122] - Aomet Technology was ordered to return RMB 278.6 million and compensate for losses as per the court's decision[123] - The total amount involved in the lawsuits against Aomet Technology exceeds RMB 1 billion across multiple claims[123] Environmental Commitment - The company has achieved an 80% online reuse rate for electroplating wastewater, demonstrating its commitment to environmental sustainability[34] - The company has implemented a comprehensive emergency response plan for environmental incidents and conducts annual drills[153] - The company has established a pollution prevention facility that operates normally, ensuring that wastewater and air emissions meet regulatory standards[151] Shareholder Information - The total number of shares outstanding is 375,284,000, with 97.93% being unrestricted shares[162] - The largest shareholder, Ningbo Pulisai Electronic Co., Ltd., holds 19.72% of shares, totaling 74,009,208 shares, which are currently frozen[165] - The company does not have a controlling shareholder or actual controller, indicating a dispersed shareholding structure[167][169] Management and Governance - The company has a strong leadership team with extensive experience in the semiconductor and electronic components industry, including Zheng Kangding, who has over 30 years of experience[181] - The company has experienced management changes, with several executives holding multiple positions across different subsidiaries[188] - The company has a performance-based salary structure for senior management, which includes basic and performance pay determined by the board[191] Employee Information - The total number of employees in the company is 922, with 751 in the parent company and 171 in major subsidiaries[195] - The professional composition includes 693 production personnel, 18 sales personnel, 106 technical personnel, 10 financial personnel, and 95 administrative personnel[195] - The company conducted 34 training activities in 2020, training a total of 746 participants, focusing on various business training topics[198]

Financial Performance - Operating revenue for the reporting period was ¥422,785,362.68, representing a year-on-year growth of 13.31%[7] - Net profit attributable to shareholders of the listed company decreased by 36.09% to ¥19,773,577.14[7] - Net profit after deducting non-recurring gains and losses was ¥14,934,478.44, down 40.84% year-on-year[7] - Basic earnings per share decreased by 37.50% to ¥0.05[7] - The weighted average return on net assets was 2.09%, a decrease of 1.49% compared to the previous year[7] - The net profit for the third quarter was CNY 19,773,577.14, down from CNY 30,941,234.82 year-over-year, representing a decrease of approximately 36%[42] - The total profit for the third quarter was CNY 23,962,761.45, compared to CNY 37,053,907.57 in the previous period, indicating a decline of about 35%[42] - The net profit attributable to the parent company for the third quarter was CNY 71,623,579.34, down from CNY 79,122,671.33, reflecting a decrease of about 9.4% year-over-year[50] - The total profit for the third quarter was CNY 85,892,385.50, compared to CNY 93,952,470.00 in the previous year, a decrease of about 8.6%[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,834,090,588.59, an increase of 1.25% compared to the end of the previous year[7] - The company's current assets totaled CNY 1,019,654,750.88, compared to CNY 989,190,832.50 at the end of 2019, reflecting a growth of approximately 3.5%[32] - The total liabilities of the company as of September 30, 2020, were not explicitly stated but can be inferred from the balance sheet[33] - Total liabilities reached CNY 918,791,419.43, with current liabilities at CNY 793,245,053.74 and non-current liabilities at CNY 125,546,365.69[66] - The company's total assets as of September 30, 2020, were CNY 1,664,459,966.36, compared to CNY 1,557,061,004.36 at the end of 2019[37] Cash Flow - Net cash flow from operating activities increased by 109.15% to ¥73,035,523.75[7] - Cash flow from operating activities increased by 33.6331 million yuan, an increase of 41.00%, mainly due to the recovery of operating receivables and insurance claims received[15] - Cash inflow from investment activities totaled CNY 62,469,195.48, compared to CNY 16,652,634.99 in Q3 2019, marking a significant increase[59] - Net cash flow from financing activities was negative CNY 109,909,525.33, compared to negative CNY 22,945,150.32 in the same quarter last year[59] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 6.97% to ¥954,893,750.27[7] - The total number of ordinary shareholders at the end of the reporting period was 47,446[11] - The largest shareholder, Ningbo Pulisai Electronic Co., Ltd., held 19.72% of the shares, totaling 74,009,208 shares[11] Operational Changes - The company has completed the relocation of its production line from Jiangyin to Ningbo, with compensation payments totaling 13.7752 million yuan by the report date[16] - The company won a lawsuit against Shenzhen Aomeite Technology Co., which is required to return 11.211 million yuan in goods and compensation for losses[17] Research and Development - The company plans to continue investing in R&D, with expenses amounting to CNY 13,662,227.56 in Q3 2020, slightly down from CNY 15,933,088.75 in the previous year[41] - Research and development expenses for the third quarter amounted to CNY 8,192,395.50, slightly down from CNY 8,978,384.90 year-over-year[45] Revenue Recognition and Accounting Policies - The company has implemented new revenue recognition standards effective from January 1, 2020, impacting the classification of prepayments[67] - The new revenue recognition standard was implemented starting January 1, 2020, affecting the classification of contract liabilities[72] - The company reported no significant changes in accounting policies related to derivative financial instruments compared to the previous reporting period[24] Non-Operating Income - The company reported a significant increase in non-operating income, up 1116.88 million yuan, an increase of 3966.40%, mainly due to insurance claims received for a fire incident[15]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥655,534,766.32, representing a 0.54% increase compared to ¥652,033,707.96 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥51,850,002.20, an increase of 7.61% from ¥48,181,436.51 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥37,973,501.74, which is a significant increase of 43.51% compared to ¥26,460,203.58 last year[22]. - The total profit reached ¥61,929,624.05, reflecting an 8.84% growth year-over-year[39]. - The net profit excluding non-recurring gains and losses surged by 43.51% to ¥37,973,501.74[39]. - The company reported a comprehensive income total of 51,850,002.2 CNY for the current period[160]. - The total comprehensive income for the first half of 2020 was CNY 51,850,002.20, compared to CNY 48,181,436.51 in the same period of 2019, showing an increase of approximately 5.54%[146]. - The net profit for the first half of 2020 was not disclosed in the provided content, but the retained earnings increased to CNY 389,904,554.34 from CNY 347,436,611.14, a growth of 12.1%[138]. - The company reported a decrease in retained earnings of 28,868.0 million yuan, indicating potential challenges in profitability[170]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,872,713,569.79, up 3.38% from ¥1,811,443,649.36 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 4.76% to ¥935,120,173.13 from ¥892,652,229.93 at the end of the previous year[22]. - Cash and cash equivalents at the end of the reporting period were 159,829,013.2, representing 8.53% of total assets, an increase from 8.31% year-over-year[51]. - Accounts receivable increased to 381,328,761.9, accounting for 20.36% of total assets, up from 20.13% year-over-year[51]. - Inventory stood at 296,949,186.9, representing 15.86% of total assets, a slight decrease from 16.02% year-over-year[51]. - Short-term borrowings rose to 621,855,252.3, making up 33.21% of total liabilities, an increase from 29.57% year-over-year[51]. - Total liabilities increased to CNY 937,593,396.66 from CNY 918,791,419.43, representing a growth of 2.9%[137]. - The total value of restricted assets was 134,865,145.39, primarily due to guarantees and collateral for loans[54]. Cash Flow - The company reported a net cash flow from operating activities of ¥42,619,880.07, which is a decrease of 9.52% compared to ¥47,102,928.92 in the previous year[22]. - The company reported a net cash increase of ¥39,989,025.31, a remarkable 945.28% increase compared to the previous year[43]. - Cash flow from operating activities for the first half of 2020 was CNY 42,619,880.07, down 9.4% from CNY 47,102,928.92 in the first half of 2019[154]. - The total cash inflow from operating activities was CNY 506,390,057.83, down from CNY 564,209,233.32 in the first half of 2019[153]. - The company reported a net cash outflow from investing activities of CNY -27,954,850.41, an improvement from CNY -39,764,469.63 in the first half of 2019[154]. - The net cash flow from financing activities increased to 71,133,492.85 CNY, compared to a negative flow of -20,496,895.06 CNY previously[157]. Market and Operational Strategy - The company plans to closely monitor market demand and actively adjust product structure to mitigate risks associated with market fluctuations[5]. - The ongoing COVID-19 pandemic has impacted the global semiconductor market, but the company aims to expand its domestic and international customer base to minimize the effects[9]. - The company is focusing on expanding its overseas market presence while maintaining its growth in the domestic market[35]. - The company has established a risk management system to mitigate risks associated with commodity price fluctuations, including strategies like zero inventory for key raw materials and hedging through futures contracts[68]. - Major raw materials such as copper, gold, and silver constitute a significant portion of the company's costs, and fluctuations in their prices can impact overall profitability[68]. Research and Development - The company holds 31 invention patents and 80 utility model patents, showcasing its commitment to innovation in semiconductor packaging materials[34]. - The company achieved a significant increase in production efficiency by developing a high-speed selective continuous electroplating process, increasing plating speed by 4 times[35]. - The company is focusing on enhancing its R&D capabilities to drive innovation and competitiveness in the market[165]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,704[118]. - The total number of shares was 375,284,000, with 7,780,500 shares (2.07%) under limited sale conditions and 367,503,500 shares (97.93%) under unrestricted sale conditions[116]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., held 74,009,208 shares, accounting for 19.72% of total shares[119]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[120]. Legal and Compliance - The company is involved in significant litigation with a total claim amount of 637.5 million yuan, with ongoing appeals[78]. - Another litigation involves a claim of 278.6 million yuan, also under appeal[79]. - A claim of 108 million yuan is pending in court, with the defendant appealing the decision[80]. - The company has faced a counterclaim for 112.5 million yuan, which is also under appeal[80]. - A separate claim of 72 million yuan is pending, with no final judgment yet[80]. - The company has not reported any overdue commitments from major stakeholders during the reporting period[74]. Governance and Compliance - The company has established a multi-tier governance structure, including a board of directors and various specialized committees[172]. - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[175]. - The company adheres to the accounting policies and estimates as per the relevant accounting standards, including revenue recognition and credit loss assessments[176].

Financial Performance - The company's operating revenue for Q1 2020 was ¥276,167,362.69, representing a decrease of 12.85% compared to ¥316,893,108.76 in the same period last year[7]. - The net profit attributable to shareholders was ¥11,354,864.40, down 56.59% from ¥26,160,028.11 year-on-year[7]. - Basic earnings per share decreased to ¥0.03, down 57.14% from ¥0.09 in the same period last year[7]. - The net profit attributable to shareholders decreased by 14.81 million yuan, a decline of 56.59% compared to the same period last year, primarily due to the absence of gains from the transfer of subsidiary equity[15]. - The company reported a profit before tax of CNY 13,725,072.56, compared to CNY 28,916,786.70 in the same period last year[39]. - The total comprehensive income for Q1 2020 was CNY 11,354,864.40, significantly lower than CNY 26,160,028.11 from the prior year[40]. Cash Flow - The net cash flow from operating activities improved significantly to ¥11,283,451.81, a 335.65% increase from a negative cash flow of ¥4,788,166.25 in the previous year[7]. - The company's cash flow from operating activities was CNY 238,118,754.36, down from CNY 292,296,250.62 in the previous period[46]. - The cash flow from sales of goods and services received was ¥168,328,469.62 in Q1 2020, an increase from ¥129,997,390.40 in Q1 2019, representing a growth of approximately 29.3%[50]. - The company reported a total operating cash outflow of ¥226,835,302.55 in Q1 2020, down from ¥297,084,416.87 in Q1 2019, indicating improved cash management[47]. - The company's cash flow from financing activities netted ¥16,033,490.13 in Q1 2020, a decrease of approximately 60.1% from ¥41,059,239.71 in Q1 2019[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,803,582,208.97, a slight decrease of 0.43% from ¥1,811,443,649.36 at the end of the previous year[7]. - The company's current assets totaled CNY 979,156,685.20, down from CNY 989,190,832.50 at the end of 2019, indicating a decrease of approximately 1.05%[29]. - Total liabilities amounted to CNY 918,791,419.43, with current liabilities at CNY 793,245,053.74 and non-current liabilities at CNY 125,546,365.69[55]. - The company's total liabilities increased to CNY 1,020,056,685.20 from CNY 1,020,056,685.20, indicating a stable liability position[30]. - The total owner's equity decreased from CNY 750,486,945.55 to CNY 892,652,229.93 due to adjustments in retained earnings and capital reserves[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,786[11]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., held 19.72% of the shares, amounting to 74,009,208 shares, which are currently frozen[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Investment and Expenses - Investment income decreased by 15.79 million yuan, a decrease of 98.63%, primarily due to gains from the transfer of equity in a subsidiary in the previous year[15]. - Research and development expenses were CNY 15,261,172.92, slightly down from CNY 16,176,968.37 in the previous period[38]. - The company experienced a decrease in sales expenses, which were CNY 711,276.89 compared to CNY 1,241,039.01 in the previous year[42]. - The company reported a significant increase in credit impairment losses, amounting to CNY 507,363.28, compared to CNY 731,207.54 in the previous year[43]. Regulatory and Compliance - The company has established a comprehensive risk management system for its hedging operations, ensuring compliance with relevant laws and regulations[26]. - There were no violations regarding external guarantees during the reporting period[22]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[23]. - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[60]. - The implementation of the new revenue recognition standard began on January 1, 2020, affecting the classification of certain financial items[59].

Financial Performance - The company's operating revenue for 2019 was ¥1,418,269,645.18, a decrease of 4.36% compared to ¥1,482,897,034.30 in 2018[17]. - The net profit attributable to shareholders for 2019 was ¥92,582,917.83, representing a 15.39% increase from ¥80,236,613.36 in 2018[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥77,823,042.74, an increase of 8.43% from ¥71,775,007.92 in 2018[17]. - The company's total assets at the end of 2019 were ¥1,811,443,649.36, reflecting a 7.82% increase from ¥1,680,074,737.51 at the end of 2018[18]. - The net assets attributable to shareholders at the end of 2019 were ¥892,652,229.93, a 10.57% increase from ¥807,285,818.17 at the end of 2018[18]. - The basic earnings per share for 2019 were ¥0.25, a 19.05% increase compared to ¥0.21 in 2018[18]. - The company reported a net cash flow from operating activities of -¥8,410,488.04 in 2019, a significant decrease of 104.66% from ¥180,666,067.08 in 2018[18]. - The company recognized non-recurring gains of ¥14,759,875.09 in 2019, compared to ¥8,461,605.44 in 2018[24]. - The total revenue for the manufacturing sector was approximately ¥1.41 billion, with a year-on-year decrease of 4.64%[48]. - The company reported a significant increase in investment income of ¥21,346,353.98, contributing 21.55% to total profit[67]. Dividend Distribution - The company reported a cash dividend of 0.25 RMB per 10 shares (including tax), based on a total of 375,284,000 shares[5]. - The company distributed cash dividends of 9,382,100 RMB in 2019, representing 10.13% of the net profit attributable to ordinary shareholders[106]. - The cash dividend per 10 shares for 2019 was set at 0.25 RMB, with no bonus shares issued[107]. - The company plans to distribute cash dividends annually from 2018 to 2020, with a minimum of 10% of the distributable profit for each year[113]. - The total cash dividends distributed over the three years should not be less than 30% of the average annual distributable profit achieved during that period[113]. Risks and Vulnerabilities - The company faces risks related to macroeconomic fluctuations, which could impact sales prices and quantities, leading to a decrease in gross margin[4]. - The semiconductor industry is cyclical, and the company's performance is closely tied to the industry's overall health, which may affect operational risks[5]. - Major raw materials, including copper, gold, and silver, account for over 80% of the company's material costs, making it vulnerable to price fluctuations in these metals[5]. - Approximately 20% of the company's revenue comes from exports, making it susceptible to exchange rate fluctuations that could impact earnings[5]. - The company has established a risk management mechanism to mitigate the impact of raw material price volatility through supplier optimization and hedging strategies[97]. Research and Development - The company has maintained its core business in semiconductor packaging materials, with no significant changes since its establishment[27]. - The company has established a provincial-level R&D center and has been recognized as a key high-tech enterprise, focusing on independent research and development to meet market demands[30]. - The company has a total of 30 invention patents and 74 utility model patents, showcasing its strong R&D capabilities in the semiconductor industry[36]. - Research and development expenses increased by 7.18% to ¥65.14 million compared to the previous year[59]. - The company's R&D investment increased by 7.18% to ¥65,142,594.27 in 2019, representing 4.59% of total revenue, up from 4.10% in 2018[61]. Market Position and Strategy - The company has a market coverage rate of 60% for its main products, including lead frames and bonding wires, across major domestic semiconductor packaging enterprises[38]. - The company is positioned to benefit from national policies supporting the integrated circuit industry, which is expected to maintain rapid growth[34]. - The company aims to achieve a revenue target of 1.28 billion RMB in 2020, although this is subject to market demand and other uncertainties[93]. - The company plans to invest over 70 million RMB in technological upgrades in 2020 to enhance competitiveness[94]. - The company will continue to focus on R&D and aims to establish a national-level engineering center in collaboration with universities and research institutes[94]. Environmental and Social Responsibility - The company has implemented clean production measures, achieving an 80% online reuse rate for electroplating wastewater[37]. - The company actively participated in social welfare, donating 300,000 yuan to education and poverty alleviation initiatives during the reporting period[159]. - The company provided 30,000 yuan in scholarships to support impoverished students as part of its poverty alleviation efforts[161]. - The company achieved a water reuse rate of over 85%, emphasizing its commitment to environmental sustainability and reducing its impact on the surrounding environment[164]. - The company has actively engaged in environmental protection, ensuring that its wastewater and air emissions meet regulatory standards[165]. Corporate Governance - The company has committed to fulfilling all promises made regarding independence and avoiding conflicts of interest[110]. - The company will ensure compliance with relevant laws and regulations in its operations and financial reporting[111]. - The company has not reported any changes in accounting policies or estimates compared to the previous year's financial report[115]. - The company appointed Zhonghui Certified Public Accountants as the new auditor for the 2019 fiscal year, replacing Ruihua Certified Public Accountants[129]. - The company has no significant accounting errors that require retrospective restatement for the reporting period[126]. Shareholder Structure - The total number of shares increased from 288,680,000 to 375,284,000, representing a change of approximately 30.0%[174]. - The company does not have a controlling shareholder, with no single entity holding more than 50% of the shares[179]. - The company has a diversified shareholder structure with no single entity having significant control[180]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., holds 74,009,208 shares, representing 19.72% of total shares[177]. - The company has a total of 65,913 shareholders at the end of the reporting period[176].

Financial Performance - Net profit attributable to shareholders increased by 18.56% to CNY 30,941,234.82 for the current period[7] - Operating revenue decreased by 6.88% to CNY 373,117,425.46 compared to the same period last year[7] - Basic earnings per share increased by 14.29% to CNY 0.08 for the current period[7] - The weighted average return on equity increased by 0.20% to 3.58%[7] - The total operating revenue for Q3 2019 was CNY 373,117,425.46, a decrease of 6.4% compared to CNY 400,687,589.48 in the same period last year[35] - The net profit for Q3 2019 was CNY 32,045,968.50, reflecting a decrease from the previous year's profit[35] - The total profit for the third quarter was CNY 37,053,907.57, compared to CNY 36,550,638.79 in the previous year, marking an increase of about 1.4%[36] - The net profit for Q3 2019 reached CNY 79.12 million, representing an increase of 20.67% from CNY 65.65 million in the previous year[45] - The total comprehensive income for the third quarter was CNY 30,941,234.82, an increase from CNY 26,096,898.48 year-over-year, reflecting a growth of approximately 18.5%[37] - The company recorded a total comprehensive income of CNY 79.12 million for Q3 2019, compared to CNY 76.15 million in the previous year[49] Assets and Liabilities - Total assets increased by 8.01% to CNY 1,814,726,578.42 compared to the end of the previous year[7] - Total liabilities increased to CNY 935,534,594.99 from CNY 870,363,448.42, reflecting a rise of 7.5%[28] - Long-term borrowings increased significantly to CNY 62,000,000.00 from CNY 10,000,000.00, indicating a growth of 520%[28] - Total assets as of September 30, 2019, amounted to CNY 1.814726 billion, an increase from CNY 1.680075 billion at the end of the previous year[26] - Total assets amounted to CNY 1,680,074,737.51, with current assets at CNY 903,657,937.03 and non-current assets at CNY 776,416,800.48[60] - Total liabilities reached CNY 870,363,448.42, with current liabilities at CNY 821,147,351.88 and non-current liabilities at CNY 49,216,096.54[62] Cash Flow - Net cash flow from operating activities decreased by 14.80% to CNY 34,919,420.94[7] - The company generated CNY 753.02 million in cash from operating activities, down from CNY 1,178.17 million in the previous year, indicating a significant decline in cash flow[51] - The net cash flow from operating activities for Q3 2019 was ¥82,022,349.86, a decrease from ¥89,302,585.44 in Q3 2018, representing a decline of approximately 3.6%[52] - Total cash inflow from operating activities was ¥791,539,150.06, while cash outflow was ¥709,516,800.20, resulting in a net cash inflow of ¥82,022,349.86[52] - The cash flow from investment activities showed a net outflow of ¥40,825,779.39, compared to a net outflow of ¥43,126,364.84 in the previous year, indicating a slight improvement[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 72,548[11] - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., holds 19.72% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Investments and Income - Non-recurring gains and losses totaled CNY 27,418,947.79 for the current period[9] - Investment income increased by CNY 19.962 million, a 2149.60% increase, primarily from the transfer of equity in a subsidiary[15] - The company reported an investment income of CNY 423,544.73 from joint ventures and associates during the third quarter[39] - Other income increased by CNY 4.1995 million, a 65.32% increase, mainly from government subsidies related to daily operations[15] Research and Development - Research and development expenses for Q3 2019 were CNY 15,933,088.75, compared to CNY 14,126,981.38 in the previous year, showing an increase of 12.8%[35] - Research and development expenses for the third quarter amounted to CNY 8,978,384.90, compared to CNY 8,368,724.14 in the previous year, representing an increase of approximately 7.3%[39] Other Financial Metrics - The company experienced a credit impairment loss of CNY 1.91 million, reflecting challenges in receivables management[44] - The income tax expense for Q3 2019 was CNY 14.83 million, down from CNY 17.17 million in the same period last year[44] - The company implemented new financial instrument standards starting January 1, 2019, resulting in adjustments of 754,715.00 yuan for consolidated statements and 214,490.00 yuan for parent company statements[67] - The third quarter report was not audited[68] - The chairman of the company is Zheng Kangding[69]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥652,033,707.96, a decrease of 12.28% compared to ¥743,348,193.60 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥48,181,436.51, an increase of 21.82% from ¥39,551,164.10 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,460,203.58, a decrease of 28.64% compared to ¥37,079,957.73 in the same period last year[16]. - The basic earnings per share were ¥0.13, up 18.18% from ¥0.11 in the previous year[16]. - The total operating revenue for the reporting period was RMB 652,033,707.96, a decrease of 12.28% compared to RMB 743,348,193.60 in the same period last year[44]. - The total profit for the first half of 2019 was CNY 67,679,769.79, compared to CNY 20,974,577.13 in the same period of 2018, representing a significant increase[157]. - The net profit for the first half of 2019 reached CNY 65,654,837.19, up from CNY 17,817,763.77 in the previous year, indicating a growth of approximately 268%[158]. - The company reported a total comprehensive income of CNY 48,181,436.51, compared to CNY 46,359,639.45 in the first half of 2018[154]. Revenue Breakdown - The revenue from lead frame products was ¥362,544,644.07, a decline of 9.18% year-on-year[39]. - The revenue from bonding wire products was ¥153,202,113.43, a decrease of 26.46% compared to the previous year[39]. - The revenue from electrode wire products was ¥128,342,527.41, reflecting a growth of 3.68% year-on-year[39]. - Domestic revenue was RMB 483,353,165.32, representing 74.13% of total revenue, down 17.34% year-on-year[44]. - Foreign revenue increased by 6.38% to RMB 168,680,542.64, accounting for 25.87% of total revenue[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,697,092,057.72, an increase of 1.01% from ¥1,680,074,737.51 at the end of the previous year[16]. - The total liabilities decreased to CNY 848,841,309.11 from CNY 870,363,448.42, a reduction of 2.5%[145]. - Total equity increased to CNY 734,391,834.08, compared to CNY 675,953,502.96 in the previous year[150]. - The company's net cash and cash equivalents decreased by 385.82% to RMB -4,730,881.03, primarily due to increased cash outflows for investments during the reporting period[42]. Investment Activities - The company made a significant equity investment of 80 million yuan, holding a 40% stake in a new sports culture development project[58]. - The company reported a loss of 7,590.4 yuan from this investment during the reporting period[60]. - The company engaged in futures trading with a total amount of 13,849,470.00 yuan purchased and 13,639,650.00 yuan sold, resulting in a loss of 40,315.51 yuan[62]. - The company utilized self-owned funds for all investments reported[62]. Risks and Challenges - The company has reported risks related to the semiconductor industry and fluctuations in raw material prices[4]. - The company is facing risks from the semiconductor industry's price competition, which has affected sales prices and profit levels[75]. - The semiconductor industry is cyclical, and the company's performance is closely tied to the industry's economic conditions, which can lead to risks associated with pricing and profit margins[75]. Legal Matters - The company is involved in a legal dispute with Aomet, seeking the return of 278.6 million RMB for a six-channel chip production line and compensation for losses[85]. - A court ruling on May 5, 2019, ordered Aomet to return 108 million RMB to the company and compensate for losses related to a sales contract[85]. - Aomet has filed an appeal against the court's decision regarding the sales contract[86]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,414[127]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., holds 19.72% of shares, totaling 74,009,208 shares, which are frozen[127]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[129]. Environmental Compliance - The company reported a total wastewater discharge of 80,000 tons/year, with a maximum allowable discharge of 158,000 tons/year, indicating compliance with pollution standards[108]. - The company has established a comprehensive emergency response plan for environmental incidents, which has been filed with the environmental protection bureau[111]. - The company has maintained compliance with pollution discharge standards, with no reported exceedances[108]. Future Plans - The company plans to not distribute cash dividends or issue bonus shares for the half-year period[80]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[168].

Financial Performance - The company's operating revenue for Q1 2019 was ¥316,893,108.76, representing a decrease of 7.19% compared to the same period last year[7]. - Net profit attributable to shareholders increased by 49.31% to ¥26,160,028.11 compared to ¥17,520,737.80 in the previous year[7]. - The net profit after deducting non-recurring gains and losses decreased by 48.63% to ¥8,670,957.02 from ¥16,878,285.54 year-on-year[7]. - Basic earnings per share increased by 50.00% to ¥0.09 from ¥0.06 in the previous year[7]. - Net profit increased to ¥26,160,028.11 from ¥20,668,949.31, marking a growth of approximately 26.5% year-over-year[40]. - Operating profit improved significantly to ¥29,275,493.70 from ¥25,353,554.33, an increase of about 7.6%[40]. Cash Flow - The net cash flow from operating activities was negative at -¥4,788,166.25, a decline of 121.23% compared to ¥22,549,033.11 in the same period last year[7]. - Cash flow from operating activities decreased to ¥244,972,581.32 from ¥372,042,302.39, a decline of approximately 34.2%[47]. - The net cash flow from operating activities was -16,248,978.99 yuan, a decrease from 33,139,985.03 yuan in the previous period[52]. - Total cash inflow from investment activities was 63,423,909.60 yuan, compared to 6,932,000.00 yuan in the previous period, resulting in a net cash flow of 56,945,446.21 yuan[52]. - Cash inflow from financing activities amounted to 161,000,000.00 yuan, an increase from 109,000,000.00 yuan in the previous period, leading to a net cash flow of 31,336,560.28 yuan[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,695,085,665.27, an increase of 0.89% from the previous year-end[7]. - Current liabilities decreased to ¥749,516,899.36 from ¥821,147,351.88, a reduction of about 8.7%[31]. - Non-current liabilities increased significantly to ¥112,122,919.63 from ¥49,216,096.54, marking a rise of approximately 128.3%[31]. - Total liabilities decreased slightly to ¥861,639,818.99 from ¥870,363,448.42, a reduction of approximately 1.3%[31]. - The total assets decreased in trading financial assets by 52.44 million RMB, a drop of 69.48%, due to changes in fair value[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,665[10]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., held 19.72% of the shares, amounting to 56,930,160 shares[10]. - The company reported non-recurring gains of ¥17,489,071.09, primarily from government subsidies and other income[9]. Investments and Projects - The company established a joint venture with Huamao Education Investment Co., Ltd., investing 80 million RMB in total[15]. - The company signed a share transfer agreement to sell 65% of its subsidiary, Ningbo Misike Precision Machinery Engineering Co., Ltd., for 6.5 million RMB[16]. - The company's long-term borrowings increased by 520 million RMB, a significant rise of 520.00%, mainly due to new project loans[17]. - The investment income surged by 1,601.42 million RMB, an increase of 10,752,851.96%, resulting from the equity transfer of a subsidiary[17]. Other Financial Metrics - Research and development expenses increased to ¥16,176,968.37 from ¥13,824,505.00, a rise of approximately 16.3%[38]. - Management expenses increased to ¥18,445,947.06 from ¥14,902,648.30, reflecting a rise of about 23.3%[38]. - Other income rose to ¥2,725,779.78 from ¥1,874,685.10, an increase of about 45.5%[38]. - The company experienced a foreign exchange loss of -567,939.36 yuan during the reporting period[53].

Financial Performance - The company's operating revenue for 2018 was CNY 1,482,897,034, representing a 13.75% increase compared to CNY 1,303,618,061 in 2017[17] - The net profit attributable to shareholders for 2018 was CNY 80,236,613.36, a 25.36% increase from CNY 64,002,727.40 in 2017[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,775,007.92, up 24.90% from CNY 57,465,720.92 in 2017[17] - The net cash flow from operating activities reached CNY 180,666,067.08, a significant increase of 1,053.85% compared to CNY 15,657,670.87 in 2017[17] - The basic earnings per share for 2018 was CNY 0.28, reflecting a 27.27% increase from CNY 0.22 in 2017[18] - The total assets at the end of 2018 were CNY 1,680,074,737, a 0.77% increase from CNY 1,667,301,875 at the end of 2017[18] - The net assets attributable to shareholders at the end of 2018 were CNY 807,285,818.17, representing a 9.13% increase from CNY 739,742,021.36 at the end of 2017[18] - The weighted average return on equity for 2018 was 10.46%, an increase from 8.96% in 2017[18] Revenue and Sales - Total revenue for the first quarter was ¥341,460,788.42, with a net profit attributable to shareholders of ¥17,520,737.80, representing a significant year-on-year increase[22] - The manufacturing sector contributed ¥1,477,505,383.38, accounting for 99.64% of total revenue, with a year-on-year increase of 14.75%[40] - Domestic sales reached ¥1,166,945,767.87, representing 78.69% of total revenue, with a growth of 19.84% compared to 2017[41] - The sales volume of lead frames increased by 12.09% to 1,271.55 million units, while the sales volume of bonding wires surged by 28.42% to 2,164.83 thousand kilograms[43] Investments and Assets - The company achieved a 109.47% increase in construction in progress, reaching ¥45,720,400, primarily due to new factory construction and equipment installation[30] - The investment property value increased by 687.10% to ¥64,773,700, reflecting the company's strategic shift in asset utilization[30] - The company acquired a 30% stake in Jiangyin Kangqiang Electronics for CNY 70.61 million, which is expected to positively impact overall profitability and operational performance[78] - The total assets of the subsidiary Ningbo Kangqiang Microelectronics Technology Co., Ltd. reached CNY 105.96 million, with a net profit of CNY 13.29 million[78] Research and Development - The company’s R&D team consists of 155 personnel, and it holds 29 invention patents and 71 utility model patents, showcasing its commitment to innovation[32] - Research and development expenses increased by 19.51% to ¥60,779,756.56, representing 4.10% of operating revenue[56] - The company has established a knowledge management system for intellectual property, which was audited and approved in 2018[84] - The company plans to implement a performance assessment mechanism for R&D personnel to enhance innovation[84] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.25 per 10 shares and issue 1 bonus share for every 10 shares held[5] - The proposed cash dividend for 2018 is RMB 0.25 per 10 shares, with a stock distribution of 1 share and a capital reserve increase of 2 shares for every 10 shares, totaling RMB 7,217,000 in cash dividends and 57,736,000 shares increased[94] - The total cash dividend for 2018 represents 20% of the total distributable profit of RMB 175,919,327.03[97] - The company has established a three-year shareholder return plan from 2018 to 2020 to ensure stable and sustainable dividend policies[92] Market and Industry Position - The company’s lead frame and bonding wire products cover 60% of major domestic packaging and testing manufacturers, indicating a strong market presence[33] - The company ranked 7th globally in lead frame production and sales in 2017, providing a solid market guarantee for its growth[33] - The global semiconductor industry remains concentrated, with the top ten companies accounting for 59.20% of sales in 2017, indicating a trend towards increased industry consolidation[79] - In 2018, China's integrated circuit industry sales revenue reached 446.15 billion RMB, a year-on-year increase of 22.45%[80] Environmental and Sustainability Initiatives - The company has implemented clean production measures, achieving an 80% online reuse rate for electroplating wastewater, demonstrating its commitment to sustainability[33] - The company achieved a water reuse rate of over 85%, emphasizing its commitment to environmental sustainability and reducing its impact on the surrounding environment[132] - The board of directors emphasized the importance of sustainability initiatives, with a goal to reduce carbon emissions by 30% by 2025[168] Corporate Governance and Compliance - The company has not conducted any investor communication or interviews during the reporting period[89] - The independent directors did not raise any objections to company matters during the reporting period[187] - The company’s internal control evaluation report indicated no significant deficiencies were found during the reporting period[195] - The company has not faced any penalties from government departments, indicating strong compliance[196] Employee and Management Structure - The company employed a total of 981 staff, with 635 in production, 19 in sales, 153 in technical roles, 16 in finance, and 158 in administration[174] - The educational background of employees includes 79 with a bachelor's degree or higher, 177 with a college diploma, and 725 with a secondary vocational education or lower[175] - The company maintains a performance-oriented salary distribution mechanism, linking employee compensation to performance[176] - Total remuneration for directors and senior management during the reporting period amounted to CNY 7.745 million[173] Legal and Regulatory Matters - The company is currently involved in multiple lawsuits against Aomeite Technology Co., Ltd., with claims totaling 1.1 million RMB for various contract disputes[109] - The company reported a total liability of RMB 72 million for a court case regarding repayment[110] - The company is involved in multiple lawsuits with claims totaling RMB 119.4 million, with no final judgment yet[110] - There are ongoing patent infringement disputes with a claim for cessation of use of patented technology, with no resolution reported[110]