证券代码：002134 证券简称：天津普林 公告编号：2022-054 天津普林电路股份有限公司 关于参加"2022 年度天津辖区上市公司半年报业绩说明会与 投资者网上集体接待日"活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假 记载、误导性陈述或重大遗漏。 天津普林电路股份有限公司（以下简称"公司"）定于 2022 年 09 月 06 日 （星期二）13:40-16:40 参加在全景网举办的 2022 年度天津辖区上市公司网上集 体接待日活动。 本次活动将采用网络远程的方式举行，投资者可以登录"全景•路演天下" （http://rs.p5w.net）参与本次互动交流。网上互动交流时间为 2022 年 09 月 06 日（星期二）15:00-16:30。 公司出席本次"2022 年度天津辖区上市公司半年报业绩说明会与投资者网 上集体接待日"活动的人员有：公司董事长秦克景先生、董事兼财务总监王泰先 生、董事会秘书束海峰先生。如因行程安排有变，出席人员可能会有所调整。 欢迎广大投资者积极参与。 特此公告。 天津普林电路股份有限公司 董 事 会 二○二二年八月三十一日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥296,303,466.61, a decrease of 5.68% compared to ¥314,161,807.78 in the same period last year[21] - The net profit attributable to shareholders was ¥9,450,432.14, representing an increase of 17.02% from ¥8,075,961.88 year-on-year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,735,406.21, up 25.67% from ¥6,155,554.81 in the previous year[21] - The net cash flow from operating activities was ¥35,886,951.12, down 26.12% from ¥48,573,591.30 in the same period last year[21] - Basic earnings per share increased by 33.33% to ¥0.04 from ¥0.03[21] - Total assets at the end of the reporting period were ¥742,946,697.93, a decrease of 5.71% from ¥787,910,956.49 at the end of the previous year[21] - The net assets attributable to shareholders increased by 2.22% to ¥435,486,984.18 from ¥426,036,552.04 at the end of the previous year[21] Revenue Breakdown - The company achieved a revenue of CNY 296.30 million in the first half of 2022, a decrease of 5.68% year-on-year, primarily due to a significant decline in industry demand following a 25.70% growth in 2021[30] - The company’s revenue from domestic sales was CNY 157.89 million, accounting for 53.29% of total revenue, while overseas sales were CNY 138.42 million, representing 46.71%[43] - Domestic revenue was approximately ¥157.89 million, down 9.51% year-over-year, while overseas revenue was approximately ¥138.42 million, a slight decrease of 0.90%[46] Cost and Expenses - Total operating costs for the first half of 2022 were CNY 288,860,372.22, down 6.1% from CNY 307,704,785.17 in the same period last year[126] - The gross profit margin for the reporting period was 15.04%, an increase of 1.89% year-on-year, attributed to rising product layers and decreasing raw material prices[30] - The company reported a significant increase in sales expenses by 91.03% to CNY 4.02 million, primarily due to increased business investments[41] Cash Flow and Investments - Cash and cash equivalents decreased by 195.43% to a net reduction of CNY 19.71 million, influenced by various operational factors[41] - The cash inflow from investment activities was CNY 832,854.77, a decrease of 62.4% compared to CNY 2,210,244.20 in the first half of 2021[129] - Net cash flow from investment activities was negative at CNY -55,417,982.97, worsening from CNY -1,991,330.68 in the first half of 2021[129] Risk Management - The company has identified potential risks and strategies to address them in its management discussion and analysis section[5] - The company faces significant risks from macroeconomic fluctuations, particularly due to the ongoing uncertainty from the international economic environment and the COVID-19 pandemic, which could impact its performance[63] - Nearly 50% of the company's revenue comes from foreign sales, primarily in USD and EUR, making it vulnerable to exchange rate fluctuations, which could affect operating results[64] Strategic Initiatives - The company plans to enhance market share among existing clients and seek new customers, focusing on sectors like industrial control and automotive electronics[32] - The company plans to optimize product structure and enhance automation to improve production efficiency and reduce costs in response to rising expenses[64] - The company is committed to enhancing communication with clients and developing contingency plans to mitigate the impacts of the ongoing COVID-19 pandemic[65] Environmental and Compliance - The company is classified as a key pollutant discharge unit, adhering to strict environmental standards for various pollutants, including COD and BOD[72] - The company has not faced any administrative penalties due to environmental issues during the reporting period[77] - The company plans to put a new wastewater treatment plant into operation by the end of 2022[73] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,431[108] - TCL Technology Group holds 26.86% of the shares, amounting to 66,026,154 shares[109] - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[112] Corporate Governance - The independent directors have approved the derivative trading activities, ensuring fairness and protecting the interests of minority shareholders[57] - The company has not engaged in any significant litigation or arbitration matters during the reporting period[89] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[84] Research and Development - R&D investment increased by 22.40% to CNY 12.59 million, reflecting the company's commitment to innovation and product development[41] - The company has not reported any new product launches or technological advancements in this period, focusing instead on maintaining existing operations[138] Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[142] - The company adheres to the latest enterprise accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[144] - The company has established specific accounting policies and estimates for revenue recognition based on its operational characteristics[143]

Financial Performance - The company's operating revenue for 2021 was CNY 700,075,382.20, representing a 52.89% increase compared to CNY 457,891,628.98 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 26,928,728.50, a significant increase of 314.20% from CNY 6,501,311.44 in 2020[21]. - The net profit after deducting non-recurring gains and losses reached CNY 23,853,003.37, up 2,077.31% from CNY 1,095,526.43 in 2020[21]. - The net cash flow from operating activities was CNY 96,421,003.73, an increase of 557.23% compared to CNY 14,670,767.51 in 2020[21]. - Basic earnings per share for 2021 were CNY 0.11, a 266.67% increase from CNY 0.03 in 2020[21]. - Total assets at the end of 2021 amounted to CNY 787,910,956.49, reflecting a 32.41% increase from CNY 595,063,583.84 at the end of 2020[21]. - The net assets attributable to shareholders were CNY 426,036,552.04 at the end of 2021, a 6.99% increase from CNY 398,204,272.67 at the end of 2020[21]. - The weighted average return on net assets for 2021 was 6.53%, up from 1.65% in 2020, indicating improved profitability[21]. Revenue and Market Growth - In Q1 2021, the company's operating revenue was approximately CNY 138.15 million, increasing to CNY 201.36 million in Q3, representing a growth of 45.7% from Q1 to Q3[25]. - The net profit attributable to shareholders was CNY 1.26 million in Q1, rising to CNY 9.91 million in Q3, marking a significant increase of 687.5%[25]. - The PCB industry is expected to grow, with a projected global market value increase of 5.2% in 2022, and China's market growth forecasted at 4.8%[30]. - Domestic revenue accounted for 46.59% of total revenue, while overseas revenue made up 53.41%, with overseas revenue increasing by 71.93% year-on-year[41]. Production and Capacity - The company aims to expand its production capacity through self-built, cooperative, and external methods to achieve leapfrog development[31]. - In 2021, the company achieved historical high production capacity without new production lines, indicating operational efficiency[37]. - The company plans to invest 970 million yuan to build two new production lines with an annual capacity of 1.2 million square meters, focusing on industrial control, automotive, medical, and aerospace products[38]. - The company approved an investment plan for an intelligent factory project with a total investment of CNY 971.39 million, aiming to produce 1.2 million square meters of automotive and communication PCBs annually[72]. Research and Development - Research and development expenses increased by 41.77% to 22.10 million yuan, reflecting the company's commitment to new product and technology development[51]. - R&D investment increased by 41.77% from 15,587,139.51 CNY in 2020 to 22,097,840.30 CNY in 2021[52]. - The number of R&D personnel remained unchanged at 48, with a proportion of 5.69% in 2021 compared to 5.31% in 2020[52]. Corporate Governance and Management - The company has established a transparent performance evaluation and incentive mechanism, effectively motivating senior management and improving operational management levels[81]. - The company has a fully independent financial department, adhering to accounting laws and standards, and operates a complete and standardized financial accounting system[84]. - The company has developed a comprehensive business system that allows for independent decision-making and operations, without reliance on the controlling shareholder or related parties[85]. - The company is committed to maintaining high standards of corporate governance with the election of independent directors to ensure transparency and accountability[93]. Environmental Compliance - The company achieved a total of 136.172 tons for COD emissions, which is compliant with the Tianjin wastewater discharge standards[128]. - The company maintained stable compliance with pollution discharge standards for BOD, total phosphorus, and total copper, with no exceedances reported[128]. - The company has implemented strict internal controls and governance measures, ensuring no significant violations or risks were identified during self-inspection[125]. - The company invested in new wastewater treatment equipment to reduce pollutant discharge, with a new wastewater treatment plant approved in September 2021[129]. Financial Management - The company has engaged Tianzhi International Accounting Firm for its 2020 annual audit, with a summary report submitted for board review[110]. - The audit opinion for the financial statements was a standard unqualified opinion, issued on April 25, 2022, by Tianzhi International Accounting Firm[184]. - The company has not reported any significant changes in its major shareholders or their shareholding structure[177]. Employee and Training - The total number of employees at the end of the reporting period was 844, with 717 in production, 21 in sales, 48 in technology, 8 in finance, and 50 in administration[113]. - The company has established a comprehensive training system covering various areas such as safety, legal knowledge, quality management, and professional skills[116]. - The company has established a competitive compensation and performance evaluation system to enhance employee development[132].

Financial Performance - The company's revenue for Q1 2022 was CNY 156,668,215.77, representing a 13.40% increase compared to CNY 138,150,364.96 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2022 was CNY 3,313,475.90, a significant increase of 163.74% from CNY 1,256,324.12 in Q1 2021[7]. - Basic earnings per share for Q1 2022 were CNY 0.0135, an increase of 164.71% compared to CNY 0.0051 in Q1 2021[7]. - Operating profit for Q1 2022 reached CNY 3,319,165.42, compared to CNY 1,336,082.31 in Q1 2021, indicating an increase of about 148%[23]. - The net profit for Q1 2022 was CNY 3,313,475.90, a significant increase from CNY 1,256,324.12 in the same period last year, representing a growth of approximately 163%[23]. Cash Flow - The net cash flow from operating activities for Q1 2022 was CNY 46,951,351.65, up 75.57% from CNY 26,741,934.06 in the previous year[7]. - Cash flow from operating activities generated a net cash inflow of CNY 46,951,351.65, up from CNY 26,741,934.06 in the previous year, reflecting a growth of approximately 75%[24]. - The company experienced a net cash outflow from investing activities of CNY 38,368,607.17, compared to a net outflow of CNY 904,460.22 in the previous year[24]. - The company did not report any cash inflows from financing activities during the quarter, with cash outflows related to financing activities totaling CNY 244,687.50[25]. - The impact of exchange rate changes on cash and cash equivalents was a positive CNY 20,618.81 in Q1 2022[25]. Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 790,175,583.20, a slight increase of 0.29% from CNY 787,910,956.49 at the end of the previous year[8]. - The total liabilities decreased marginally to RMB 360,825,555.26 from RMB 361,874,404.45, indicating a reduction of about 0.3%[19]. - The company's equity attributable to shareholders increased by 0.78% to CNY 429,350,027.94 at the end of Q1 2022 from CNY 426,036,552.04 at the end of the previous year[8]. Research and Development - Research and development expenses for Q1 2022 were CNY 6,522,047.97, reflecting a 58.00% increase from CNY 4,127,879.15 in Q1 2021 due to increased material input[12]. - Research and development expenses increased to RMB 6,522,047.97 from RMB 4,127,879.15, reflecting a year-over-year growth of approximately 58.1%[21]. Operating Costs and Profitability - The total operating costs for Q1 2022 were RMB 154,423,732.82, up from RMB 136,935,105.72, reflecting a year-over-year increase of 12.7%[21]. - The gross profit margin for Q1 2022 was approximately 1.4%, compared to 8.8% in the previous year, indicating a decline in profitability[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,096, with TCL Technology Group holding the largest share at 26.86%[14]. Other Financial Metrics - The company reported a significant increase in contract liabilities, which rose by 1104.49% to CNY 21,373,594.86 due to increased customer prepayments[10]. - The company received government subsidies amounting to CNY 552,107.14 in Q1 2022, a 47.93% increase compared to CNY 373,232.41 in the previous year[12]. - The company's cash and cash equivalents at the end of Q1 2022 were RMB 158,857,865.84, slightly up from RMB 157,010,912.87 at the beginning of the year[17]. - Accounts receivable decreased to RMB 175,475,040.04 from RMB 191,791,441.95, representing a reduction of approximately 8.5%[17]. - Inventory levels decreased to RMB 86,184,948.09 from RMB 93,390,625.73, a decline of about 7.7%[18]. - The company incurred asset impairment losses of CNY 62,930.80 during the quarter[23].

Financial Performance - The company's revenue for Q3 2021 reached ¥201,357,924.20, representing a 54.59% increase year-over-year[6] - Net profit attributable to shareholders was ¥9,910,085.51, up 20.22% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥9,667,353.58, reflecting a 34.83% increase year-over-year[6] - The total revenue for the current period reached ¥515,519,731.98, a significant increase from ¥344,169,528.19 in the previous period, representing a growth of approximately 49.8%[21] - The company's operating revenue for Q3 2021 was 445,393,692.94 CNY, compared to 290,452,929.27 CNY in Q3 2020, representing an increase of approximately 53.4%[22] - Net profit for Q3 2021 was 17,986,047.39 CNY, a decrease from 18,375,289.77 CNY in Q3 2020, reflecting a decline of about 2.1%[23] - The company reported a total profit of 18,164,287.50 CNY in Q3 2021, slightly lower than 18,433,010.79 CNY in Q3 2020, reflecting a decrease of about 1.5%[22] - Basic and diluted earnings per share remained stable at 0.07 CNY for both Q3 2021 and Q3 2020[23] Assets and Liabilities - Total assets increased by 24.35% to ¥739,983,477.74 compared to the end of the previous year[7] - As of September 30, 2021, the total assets amounted to ¥739,983,477.74, up from ¥595,063,583.84 at the end of the previous year, reflecting a growth of approximately 24.2%[18] - The total liabilities increased to ¥323,793,157.68 from ¥197,006,298.96, marking an increase of about 64.2%[19] - Cash and cash equivalents stood at ¥149,704,122.84, compared to ¥98,012,595.66 at the end of the previous year, showing an increase of approximately 52.6%[16] - Accounts receivable rose to ¥221,427,638.62 from ¥139,661,482.94, representing an increase of about 58.5%[16] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥51,894,435.52, up 58.76% year-over-year[6] - The net cash flow from operating activities for Q3 2021 was 51,894,435.52 CNY, up from 32,686,785.11 CNY in Q3 2020, indicating an increase of about 58.7%[25] - Cash and cash equivalents at the end of Q3 2021 totaled 96,080,464.31 CNY, down from 104,410,811.61 CNY at the end of Q3 2020, a decrease of approximately 7.7%[25] Inventory and Expenses - The company's inventory increased by 46% to ¥80,695,975.19 due to higher production and sales volumes[11] - Research and development expenses rose by 45% to ¥16,523,453.52, attributed to increased investment in R&D materials[11] - Research and development expenses increased to 16,523,453.52 CNY in Q3 2021 from 11,420,318.44 CNY in Q3 2020, marking a rise of approximately 44.8%[22] - The total operating costs for the current period were ¥498,891,914.12, compared to ¥328,221,877.18 in the previous period, indicating an increase of about 52%[21] Shareholder Information - The top shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds a 26.86% stake in the company, with a total of 66,026,154 shares[13] Other Notable Information - The company is investing ¥970 million in the smart factory project, which aims to produce 1.2 million square meters of automotive and communication circuit boards annually[15] - The company reported a significant increase in contract liabilities, up 1285% to ¥15,351,715.28, due to higher prepayments from customers[11] - The company did not require adjustments to the balance sheet for the new leasing standards as it only has short-term leases[27]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 314,161,807.78, representing a 46.86% increase compared to CNY 213,920,479.54 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 20.29% to CNY 8,075,961.88 from CNY 10,132,298.06 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,155,554.81, down 21.66% from CNY 7,857,301.35 in the previous year[20]. - The basic earnings per share decreased by 25.00% to CNY 0.03 from CNY 0.04 in the same period last year[20]. - The diluted earnings per share also decreased by 25.00% to CNY 0.03 from CNY 0.04 year-on-year[20]. - The weighted average return on net assets was 2.01%, down from 2.55% in the previous year[20]. - The company's gross margin was 13.15%, a decrease of 1.22% year-on-year, primarily due to rising raw material prices, including multiple price increases for substrates and copper foil[30]. - Net profit for the period was 8 million yuan, a year-on-year decline of 20.29%, impacted by lower gross margin and foreign exchange losses due to currency fluctuations[30]. - Operating profit for the first half of 2021 was ¥8,037,616.77, down from ¥10,181,778.08, representing a decline of 21%[128]. - The company reported a total profit of ¥8,064,988.47, a decrease of 21% from ¥10,186,138.08 in the same period of 2020[128]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 162.20% to CNY 48,573,591.30, compared to CNY 18,525,426.95 in the same period last year[20]. - Operating cash flow increased by 162% year-on-year to 48.57 million yuan, attributed to higher sales revenue and optimized cash cycle management[30]. - Cash received from sales of goods and services was ¥284,227,669.43, compared to ¥217,136,692.42 in the previous year, indicating a growth of 31%[133]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥116,856,091.64, representing 16.80% of total assets[48]. - The company's cash and cash equivalents increased to ¥116,856,091.64 as of June 30, 2021, up from ¥98,012,595.66 at the end of 2020[117]. - The net increase in cash and cash equivalents for the period was CNY 20,653,962.18, compared to CNY 40,278,622.81 in the first half of 2020[138]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 695,713,060.08, a 16.91% increase from CNY 595,063,583.84 at the end of the previous year[20]. - Current liabilities rose to CNY 279,613,785.62, compared to CNY 186,566,937.91, reflecting an increase of about 49.8%[119]. - The total liabilities increased to CNY 289,579,813.32 from CNY 197,006,298.96, an increase of approximately 46.9%[119]. - Accounts receivable increased to ¥186,495,366.14, accounting for 26.81% of total assets, reflecting a 3.34% increase in proportion compared to the previous year[48]. - The company reported a significant increase in inventory, which reached ¥83,776,808.12, accounting for 12.04% of total assets, reflecting ongoing production and sales strategies[48]. Research and Development - R&D investment increased by 40.86% year-on-year to 10.28 million yuan, reflecting a rise in material inputs for research and development[42]. - Research and development expenses increased to ¥10,283,046.55, up 41% from ¥7,300,046.73 in the first half of 2020[128]. - The company plans to enhance its technical innovation capabilities and improve overall competitiveness in line with industry trends[29]. - Research and development efforts are ongoing, with a focus on new product innovations to drive future growth[144]. Market and Industry Outlook - The PCB industry is expected to grow at a rate of 14.0% in 2021, supported by global economic recovery and increased demand for electronic products[31]. - China's PCB market is projected to grow by 14.1% in 2021, maintaining its position as a key driver of global PCB industry growth[33]. - The company plans to enhance its market expansion strategies, although specific figures were not disclosed in the report[144]. Environmental and Social Responsibility - The company emphasizes sustainable development and adheres to safety production and environmental protection laws and regulations[75]. - The company has increased investments in environmental protection facilities to ensure compliance with wastewater and air emission standards[72]. - The company has established a comprehensive emergency response plan for environmental incidents and conducts annual internal reviews and employee training[73]. - The company is classified as a key pollutant discharge unit, with various pollutants being monitored and reported to ensure compliance with environmental standards[71]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of ordinary shareholders at the end of the reporting period is 16,324[104]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 26.86% of shares, totaling 66,026,154 shares[104]. - The second largest shareholder, Tianjin Jinrong Investment Service Group Co., Ltd., holds 15.48% of shares, totaling 38,052,100 shares[104]. Corporate Governance - The financial report was approved by the board of directors on August 5, 2021[154]. - The company has not engaged in any significant related party transactions during the reporting period[79]. - The company has not experienced any major litigation or arbitration matters during the reporting period[84]. - The company has not made any significant guarantees or engaged in any major contracts during the reporting period[94]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards[157][158]. - The consolidated financial statements are prepared based on the financial statements of the parent company and its subsidiaries, following the control basis for consolidation[165]. - The company adopts a simplified model for expected credit losses on accounts receivable, measuring loss provisions based on the entire expected credit loss over the duration of the asset[186].

Revenue and Profit - Revenue for Q1 2021 reached ¥138,150,364.96, an increase of 48.91% compared to ¥92,771,632.54 in the same period last year[9] - Net profit attributable to shareholders was ¥1,256,324.12, up 64.20% from ¥765,132.00 year-on-year[9] - Net profit excluding non-recurring items surged to ¥906,996.73, a significant increase of 299.64% from a loss of ¥454,313.76 in the previous year[9] - Basic earnings per share rose to ¥0.0051, reflecting a growth of 64.52% compared to ¥0.0031 in the same period last year[9] - The company's operating revenue for the current period reached CNY 138,150,364.96, an increase of 48.8% compared to CNY 92,771,632.54 in the previous period[44] - The net profit for the current period was CNY 1,256,324.12, representing a 64.3% increase from CNY 765,132.00 in the previous period[42] - The total profit for the current period was CNY 1,229,985.51, compared to CNY 733,672.77 in the previous period, reflecting strong financial performance[44] Assets and Liabilities - Total assets at the end of the reporting period were ¥637,639,784.37, representing a 7.15% increase from ¥595,063,583.84 at the end of the previous year[9] - Current assets totaled CNY 374,895,305.99, up from CNY 329,576,284.24, reflecting a growth of approximately 13.7%[31] - Total liabilities amounted to CNY 238,512,577.72, compared to CNY 197,192,701.31 in the previous period, showing an increase of around 20.9%[38] - The company's total assets reached CNY 637,815,795.48, an increase from CNY 595,239,594.95, representing a growth of about 7.2%[38] Cash Flow - The net cash flow from operating activities was ¥26,741,934.06, a modest increase of 3.21% compared to ¥25,909,490.43 in the previous year[9] - The cash flow from operating activities for the current period was CNY 26,741,934.06, slightly up from CNY 25,909,490.43 in the previous period[48] - Operating cash inflow from sales of goods and services was CNY 145,845,889.26, an increase from CNY 112,952,422.44[52] - Total cash and cash equivalents at the end of the period reached CNY 106,873,135.36, up from CNY 77,357,916.64[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,855[13] - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., held 26.86% of the shares, totaling 66,026,154 shares[13] Operating Costs and Expenses - Gross profit margin improved slightly, with operating costs rising to ¥122,716,416.07, a 47.46% increase from ¥83,217,647.50 in the same period last year[17] - Total operating costs for the first quarter were CNY 136,935,105.72, compared to CNY 92,858,778.49 in the previous period, indicating an increase of about 47.5%[40] - Research and development expenses increased to CNY 4,127,879.15, compared to CNY 3,506,043.38 in the previous period, indicating a focus on innovation[44] Other Financial Metrics - Financial expenses rose significantly to ¥285,275.35 from a negative ¥407,678.19, marking a 169.98% change due to increased exchange losses[17] - The company reported a decrease in investment income, with losses of ¥44,687.18 compared to gains of ¥63,532.04 in the previous year, a decline of 170.34%[17] - The company reported a decrease in tax expenses, with current period tax expenses of CNY 26,338.61 compared to CNY 31,459.23 in the previous period[44]

Financial Performance - The company's operating revenue for 2020 was approximately ¥457.89 million, representing a 9.48% increase compared to ¥418.24 million in 2019[18]. - The net profit attributable to shareholders decreased by 48.69% to approximately ¥6.50 million from ¥12.67 million in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 89.41% to approximately ¥1.10 million from ¥10.34 million in 2019[18]. - The net cash flow from operating activities was approximately ¥14.67 million, a decrease of 4.13% compared to ¥15.30 million in 2019[18]. - The basic earnings per share decreased by 40.00% to ¥0.03 from ¥0.05 in 2019[18]. - The total assets at the end of 2020 were approximately ¥595.06 million, an increase of 2.30% from ¥581.68 million at the end of 2019[18]. - The net assets attributable to shareholders increased by 1.65% to approximately ¥398.20 million from ¥391.76 million at the end of 2019[18]. - The weighted average return on net assets was 1.65%, down from 3.29% in 2019[18]. - The company reported a net profit of 6,501,311.44 in 2020, a decrease from 12,671,491.44 in 2019, indicating a decline in profitability[91]. - The company did not propose any cash dividend distribution for the year, maintaining a 0.00% payout ratio[91]. Revenue Sources - The revenue from domestic sales was ¥240,426,106.41, accounting for 52.51% of total revenue, with a year-on-year growth of 8.56%[42]. - The revenue from overseas sales was ¥217,465,522.57, which made up 47.49% of total revenue, showing a year-on-year increase of 10.52%[42]. Operational Efficiency - The company reported a production volume increase of 16.98% in 2020, successfully onboarding 15 new customers despite the challenges posed by the COVID-19 pandemic[37]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥29,079,491.34, representing a 251.55% rise compared to the previous year[54]. - The company reported a 15.8% year-on-year improvement in employee efficiency in 2020, with plans to further optimize human resource management in 2021[79]. - The management team has implemented new strategies to improve operational efficiency, which is expected to reduce costs by 15% over the next year[155]. Research and Development - The company's R&D expenses increased by 13.67% to ¥15,587,139.51, which is 3.40% of total operating revenue[53]. - The company plans to increase R&D investment and expand its R&D team to strengthen its technological innovation capabilities, aiming for sustainable product competitiveness[76]. - The company has invested 50 million RMB in R&D for new technologies, aiming to innovate and stay competitive in the market[155]. Market Strategy - The company aims to enhance competitiveness through core technology R&D and improve brand reputation via stable marketing channels and product service innovation[74]. - The company is focused on expanding its market presence in high-demand sectors such as industrial control, medical, and automotive electronics, tailoring strategies for different market segments[75]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[155]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase the company's production capacity by 40%[155]. Governance and Compliance - The company has maintained a consistent relationship with its auditor, Tianzhi International Accounting Firm, for five years, ensuring reliability in financial reporting[99]. - The company has not faced any penalties or corrective actions during the reporting period, further emphasizing its compliance with regulations[101]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, ensuring a complete and autonomous operational capability[167]. - The company has established a clear asset ownership structure, with no instances of asset occupation by controlling shareholders or guarantees provided for their debts[168]. Internal Controls and Audit - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements[189]. - The company maintained effective financial reporting internal controls as of December 31, 2020[184]. - The internal control self-assessment report was disclosed on March 11, 2021[182]. - The company emphasized the importance of internal controls to prevent material misstatements in financial reporting due to fraud or error[195]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[118]. - The company has achieved stable compliance in pollutant emissions, with COD at 109.34 mg/L and BOD at 12.66 mg/L, both meeting local standards[119]. - The company has invested in environmental protection measures, enhancing wastewater monitoring and treatment efficiency[120]. Shareholder Information - The company did not issue any new shares or conduct any share buybacks during the reporting period[128]. - The total number of shares before the change was 245,849,768, which remains unchanged after the adjustment, maintaining 100% of the total shares[126]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[129]. Management Changes - The company experienced significant management changes, with multiple board members and executives resigning due to work adjustments, including the chairman and general manager[146]. - The current chairman, Qin Kejing, has a strong engineering background and has been with the company since November 16, 2020[147]. - The new general manager, Shao Guangjie, has extensive experience in financial management and has been appointed as of November 16, 2020[149].

Financial Performance - Net profit attributable to shareholders surged by 1,231.58% to CNY 8,242,991.71 for the reporting period[9] - Operating revenue rose by 27.70% to CNY 130,249,048.65 compared to the same period last year[9] - Basic earnings per share increased by 900.00% to CNY 0.03 for the reporting period[9] - The company reported a significant increase in net profit attributable to shareholders for the year-to-date, rising by 188.99% to CNY 18,375,289.77[9] - The company expects a cumulative net profit of CNY 1,900 million to CNY 2,300 million for the year, indicating a growth of 49.94% to 81.51% compared to the previous year[23] - The net profit for the current period was ¥18,375,289.77, representing a significant increase of 189.63% from ¥6,358,481.31 in the previous period[46] - The total profit for the current period was ¥18,433,010.79, compared to ¥6,205,062.39 in the previous period, showing an increase of 196.24%[49] - Total comprehensive income for the current period was ¥18,375,289.77, compared to ¥6,358,481.31 in the previous period, marking an increase of 189.63%[46] Cash Flow - Net cash flow from operating activities increased by 16.81% to CNY 14,161,358.16[9] - Net cash flow from operating activities surged by 577.93% to CNY 3,268.68 million, driven by an increase in cash received from sales[18] - The net cash flow from operating activities was ¥32,686,785.11, an increase from ¥4,821,555.25 in the previous period, reflecting a significant improvement[52] - Total cash inflow from operating activities amounted to ¥350,292,319.15, compared to ¥288,330,159.62 in the prior period, indicating a growth of approximately 21.5%[53] - The net cash flow from investing activities was -¥4,890,309.89, an improvement from -¥8,564,695.71 year-over-year[52] - Cash inflow from financing activities reached ¥25,000,000.00, with a net cash flow of ¥24,535,093.75, contrasting with a net outflow of -¥25,634,375.00 in the previous period[54] Assets and Liabilities - Total assets increased by 6.24% to CNY 617,978,179.14 compared to the end of the previous year[9] - Current liabilities totaled CNY 197,356,489.75, compared to CNY 178,148,534.80 in the previous year, reflecting an increase of about 10.5%[38] - Non-current liabilities decreased to CNY 10,824,762.78 from CNY 12,105,320.35, a reduction of approximately 10.6%[38] - Total liabilities amounted to CNY 190,067,452.80, with current liabilities at CNY 177,962,132.45 and non-current liabilities at CNY 12,105,320.35[58] - The total amount of accounts payable was CNY 98,049,929.90, indicating a significant obligation to suppliers[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,355[13] - The top two shareholders, Tianjin Zhonghuan Electronic Information Group Co., Ltd. and Tianjin Jinrong Investment Service Group Co., Ltd., hold 25.35% and 17.97% of shares respectively[13] - The total equity attributable to shareholders increased to CNY 410,046,086.08 from CNY 391,670,796.31, reflecting a growth of about 4.5%[38] Expenses and Investments - Sales expenses decreased by 53.17% to CNY 273.83 million, mainly due to the reclassification of certain expenses under the new revenue recognition standards[18] - Financial expenses increased significantly by 471.83% to CNY 134.92 million, primarily due to increased foreign exchange losses[18] - Investment income rose by 120.91% to CNY 58.07 million, mainly from increased financial investment returns[18] - Research and development expenses rose to ¥4,120,271.71, up from ¥3,614,527.30, reflecting a commitment to innovation[39] - Research and development expenses increased to ¥11,420,318.44 from ¥10,210,877.90, reflecting a growth of 11.83%[48] Taxation - The company reported a 179.06% increase in taxes payable, amounting to CNY 103.14 million, due to higher tax provisions for the period[18] - The company maintained a stable tax expense of ¥3,881.00, contrasting with a tax benefit of ¥28,537.97 in the previous period[40] Other Financial Metrics - The weighted average return on net assets improved to 2.03%, up from 1.87%[9] - The company reported a credit impairment loss of ¥25,873.27, a recovery from a loss of ¥190,253.20 in the previous period[41] - The company reported other income of ¥2,244,604.80, an increase from ¥1,159,226.22 in the previous period, reflecting a growth of 93.52%[49]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 213,920,479.54, representing a 3.31% increase compared to CNY 207,061,079.25 in the same period last year[17]. - The net profit attributable to shareholders was CNY 10,132,298.06, a significant increase of 76.54% from CNY 5,739,412.21 in the previous year[17]. - The net cash flow from operating activities reached CNY 18,525,426.95, a remarkable improvement of 353.71% compared to a negative cash flow of CNY -7,301,685.71 in the same period last year[17]. - The basic earnings per share doubled to CNY 0.04 from CNY 0.02 in the previous year, indicating a 100% increase[17]. - Total operating revenue for the first half of 2020 was CNY 213,920,479.54, an increase of 3.9% compared to CNY 207,061,079.25 in the first half of 2019[133]. - Net profit for the first half of 2020 reached CNY 10,132,298.06, representing a significant increase of 76.5% from CNY 5,739,431.65 in the first half of 2019[134]. - Operating profit for the first half of 2020 was CNY 10,181,778.08, compared to CNY 5,603,736.01 in the first half of 2019, indicating an increase of 81.5%[134]. - The total comprehensive income for the first half of 2020 was CNY 10,132,298.06, compared to CNY 5,739,431.65 in the first half of 2019, showing an increase of 76.5%[135]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 616,291,426.17, up 5.95% from CNY 581,675,491.99 at the end of the previous year[17]. - Total liabilities rose to CNY 214,551,088.92, up from CNY 190,067,452.80, marking an increase of around 12.8%[126]. - Current liabilities amounted to CNY 203,293,826.16, compared to CNY 177,962,132.45, showing an increase of about 14.2%[126]. - The company's equity attributable to shareholders increased to CNY 401,887,325.04 from CNY 391,755,026.98, a rise of approximately 2.9%[127]. - Total cash inflow from operating activities reached ¥224,212,372.45, up from ¥185,177,233.19 in the previous year, indicating a growth of approximately 21.1%[143]. Cash Flow - Cash and cash equivalents increased by 40.28 million yuan, a 368.30% rise, primarily due to increased cash receipts[42]. - The company reported a net cash outflow from investing activities of ¥2,936,002.93, an improvement from a net outflow of ¥6,994,477.32 in the same period last year[141]. - Cash inflow from financing activities amounted to ¥25,000,000.00, with a net cash flow from financing activities of ¥24,785,218.75, compared to a net outflow of ¥549,791.67 in 2019[141]. - The total cash and cash equivalents at the end of the period increased to ¥92,599,239.90, up from ¥56,495,884.16 at the end of the first half of 2019, marking an increase of approximately 63.8%[141]. Revenue Sources - Domestic revenue decreased by 4.61% to ¥101,488,108.64, while overseas revenue increased by 11.69% to ¥112,432,370.90, indicating a shift towards international markets[44]. - The company reported non-recurring gains of CNY 2,274,996.71, including government subsidies and investment income from financial assets[21][22]. - The company has established long-term strategic partnerships with numerous well-known enterprises, ensuring stable sales revenue[31]. Research and Development - Research and development investment rose to 7.30 million yuan, marking a 10.67% increase year-on-year[42]. - The company plans to enhance its technological innovation capabilities and optimize manufacturing processes to improve overall profitability[28]. - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements[146]. Market Conditions - The global PCB market is expected to grow at a compound annual growth rate of 4.35%, reaching a market size of $75.846 billion by 2024[28]. - The company is increasing its domestic market development efforts to counteract the adverse effects of the global pandemic[69]. Compliance and Governance - The company has maintained stable compliance with environmental standards, with total emissions of COD at 29.53 tons, BOD at 6.21 tons, ammonia nitrogen at 4.08 tons, total phosphorus at 0.43 tons, and total copper at 0.1271 tons[94]. - The company has completed all environmental impact assessments and holds a valid pollution discharge permit[96]. - The company has not experienced any major litigation or arbitration matters during the reporting period[78]. Shareholder Information - The company has a total of 245,849,768 shares, with no changes in the number of shares during the reporting period[103]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[106]. - Tianjin Jinrong Investment Service Group Co., Ltd. decreased its holdings by 3,004,900 shares, now holding 19.25% or 47,334,000 shares[106]. Risk Management - The company is closely monitoring macroeconomic fluctuations and strengthening cost management to mitigate risks associated with economic volatility[66]. - The company is actively managing foreign exchange risks due to its export operations primarily settled in USD and EUR, aiming to minimize the impact of exchange rate fluctuations[67]. - The company is enhancing raw material procurement management to ensure supply stability and mitigate the impact of price fluctuations in key materials[68]. Corporate Structure - The company is undergoing a mixed-ownership reform led by its controlling shareholder, Tianjin Zhonghuan Electronic Information Group[99]. - The company has a total of 1 subsidiary included in the consolidation scope for the reporting period, unchanged from the previous year[160]. - The company has undergone a change in its corporate structure from a joint venture to a joint-stock company in 2005[158].