Financial Performance - Operating revenue for the reporting period reached CNY 123,092,578.61, a year-on-year increase of 23.58%[7] - Net profit attributable to shareholders was CNY 6,057,044.14, representing a significant increase of 139.37% year-on-year[7] - Basic earnings per share rose to CNY 0.02, a 133.33% increase compared to the same period last year[7] - The company expects to achieve a net profit of between 500 million and 1,500 million for the year 2017, compared to a net loss of 9,882.79 million in 2016[18] Assets and Liabilities - Total assets increased by 3.18% to CNY 638,564,470.40 compared to the end of the previous year[7] - Cash and cash equivalents increased by 39.99% to 9,132.79 million, driven by an increase in short-term borrowings[16] - Accounts receivable rose by 127.58% to 972.00 million, reflecting an increase in retained receivables[16] - Short-term borrowings reached 2,500.00 million, marking a 100.00% increase due to new borrowings during the reporting period[16] Cash Flow - The net cash flow from operating activities was negative at CNY -4,400,994.61, but improved by 47.27% compared to the previous period[7] - Net cash flow from operating activities surged by 223.79% to 793.39 million, due to increased cash inflows related to operating activities[16] - The net increase in cash and cash equivalents was 2,912.22 million, a 198.47% rise influenced by cash flow and exchange rate changes[16] Shareholder Information - The company reported a total of 15,423 common shareholders at the end of the reporting period[11] - The top two shareholders, Tianjin Zhonghuan Electronic Information Group Co., Ltd. and Tianjin Jinrong Investment Service Group Co., Ltd., hold 25.35% and 20.48% of shares respectively[11] - There were no significant changes in the company's shareholder structure or any repurchase transactions during the reporting period[12] Expenses and Financials - Management expenses increased by 50.73% to 2,865.04 million, attributed to higher audit certification and R&D costs[16] - Financial expenses increased by 140.37% to 113.08 million, primarily due to increased exchange losses[16] Government Support and Investments - The company received government subsidies amounting to CNY 101,000 during the reporting period[8] - The company reported a significant decrease in investment income, with a loss of 33.90 million compared to a gain of 6.14 million in the previous year, reflecting losses from associated companies[16] Other Information - The weighted average return on net assets was 1.44%, down 0.48 percentage points from the previous year[7] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[20]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥205,634,104.85, representing a 15.59% increase compared to ¥177,896,324.55 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥8,104,776.37, which is a 71.55% improvement from a loss of ¥28,491,513.06 in the previous year[18]. - The net cash flow from operating activities was ¥12,334,903.56, up 14.24% from ¥10,797,385.00 in the same period last year[18]. - The basic earnings per share for the reporting period was -¥0.03, improving by 75.00% from -¥0.12 in the same period last year[18]. - The company reported a weighted average return on net assets of -1.93%, an improvement of 3.68% from -5.61% in the previous year[18]. - The net loss for the first half of 2017 was CNY 8,104,751.77, an improvement from a net loss of CNY 28,491,608.38 in the previous year[126]. - The operating profit for the period was CNY -8,384,691.00, compared to CNY -29,353,737.18 in the same period last year, indicating a significant reduction in losses[125]. Revenue and Sales - Total revenue for the reporting period reached ¥205,634,104.85, representing a year-on-year increase of 15.59% compared to ¥177,896,324.55 in the same period last year[44]. - Revenue from printed circuit boards (PCBs) was ¥194,016,585.82, accounting for 94.35% of total revenue, with a year-on-year growth of 10.79%[44]. - Domestic revenue increased by 33.24% to ¥86,028,072.13, while overseas revenue grew by 5.54% to ¥119,606,032.72[44]. - The "Other" product category saw a significant increase of 318.07%, contributing ¥11,617,519.03 to total revenue, up from ¥2,778,829.21[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥606,762,547.50, a decrease of 1.96% from ¥618,879,735.45 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 1.64% to ¥416,614,721.38 from ¥423,578,211.45 at the end of the previous year[18]. - Cash and cash equivalents at the end of the reporting period were ¥67,754,085.97, representing 11.17% of total assets, down from 13.12% in the previous year[51]. - Accounts receivable increased to ¥115,975,533.82, accounting for 19.11% of total assets, up from 16.27% year-on-year[51]. - Inventory decreased to ¥79,371,971.96, representing 13.08% of total assets, down from 15.29% in the previous year[51]. - Total liabilities decreased from CNY 195,632,761.27 to CNY 190,479,038.79, a decline of about 2.4%[122]. Strategic Focus and Market Position - The company primarily engages in the research, production, and sales of printed circuit boards (PCBs), with applications in various fields including aerospace, digital communications, and consumer electronics[25]. - The company is focusing on the development of new products and technologies, particularly in the aerospace and automotive sectors[30]. - The company is actively improving its performance evaluation system, resulting in a 20% increase in production efficiency in the AOI process and over 30% in the solder mask process[36]. - The company is implementing lean management practices, which have led to improved customer satisfaction and increased order volumes[38]. - The PCB industry is projected to grow, with high-tech PCBs expected to account for 62.26% of the market by 2020, positioning the company for future growth[27]. - The company is focusing on expanding its market presence and enhancing product development capabilities through partnerships in the aerospace PCB sector[62]. Challenges and Risks - The company expects a net loss for the first three quarters of 2017, with estimates ranging from ¥-1,000,000 to ¥-500,000[63]. - The company faces risks of potential delisting due to consecutive years of negative net profit[64]. - The company is facing increasing labor costs due to the declining demographic dividend, leading to a higher proportion of labor expenses year by year[68]. - The overall financial outlook remains cautious due to the reported losses and market conditions[139]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 20,206[99]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[99]. - Tianjin Jinrong Investment Service Group Co., Ltd. holds 20.48% of the shares, totaling 50,338,900 shares[99]. - The company has not reported any significant changes in shareholding or stock structure during the reporting period[93]. Cash Flow and Investments - The company reported a cash balance of 67,754,085.97 RMB at the end of the reporting period[115]. - Cash outflow from financing activities amounted to CNY 20,795,316.21, with no cash inflow reported[133]. - The net increase in cash and cash equivalents was CNY 10,304,252.49, contrasting with a decrease of CNY 14,647,542.97 in the previous period[133]. Corporate Governance and Compliance - The company has not engaged in any major litigation or arbitration matters during the reporting period[77]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[79]. - The company has not experienced any major related party transactions during the reporting period[80]. - The financial report for the half-year period has not been audited[113]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts regarding its ability to continue operations[157].

Financial Performance - The company's operating revenue for 2016 was ¥368,589,176.15, a decrease of 3.94% compared to ¥383,710,271.56 in 2015[21] - The net profit attributable to shareholders for 2016 was -¥98,827,905.20, representing a decline of 104.79% from -¥48,257,774.48 in 2015[21] - The net cash flow from operating activities was -¥14,802,086.43, a significant drop of 131.15% compared to ¥47,514,537.60 in 2015[21] - The total assets at the end of 2016 were ¥618,879,735.45, down 13.82% from ¥718,130,626.89 at the end of 2015[21] - The net assets attributable to shareholders decreased by 18.92% to ¥423,578,211.45 from ¥522,404,987.69 in 2015[21] - The basic earnings per share for 2016 was -¥0.40, a 100% decline from -¥0.20 in 2015[21] - The weighted average return on net assets was -20.89%, a decrease of 12.05% compared to -8.84% in 2015[21] - The company's total revenue for 2016 was ¥368.59 million, a decrease of 3.94% compared to the previous year, while the net profit attributable to shareholders was a loss of ¥98.83 million, a decline of 104.79% year-on-year[38] Cash Flow and Liquidity - The net cash flow from operating activities was positive at ¥2.30 million in Q1 but turned negative in Q3 and Q4, with losses of ¥8.35 million and ¥17.25 million respectively[25] - The total cash and cash equivalents decreased by 309.73% to -¥51,525,145.89, primarily due to reduced operating income and increased expenses[53] - As of the end of 2016, cash and cash equivalents were ¥65,240,819.97, making up 10.54% of total assets, down from 13.36% in 2015, a decrease of 2.82%[59] - The company’s cash and cash equivalents at the end of the reporting period were approximately ¥65.24 million, down from ¥95.91 million at the beginning of the period[174] - The company reported a net decrease in cash and cash equivalents of -51,525,145.89 yuan for the current period[194] Revenue and Sales - Domestic revenue decreased by 16.38% to ¥144,812,510.61, while overseas revenue increased by 6.29% to ¥223,776,665.54[43] - The company’s total sales volume for printed circuit boards was 358,733,002.32 units, a decrease of 6.49% from 2015[47] - Sales revenue from goods and services received was 398,578,671.09 yuan, compared to 428,547,703.06 yuan in the previous period, indicating a decline[193] Expenses and Costs - Sales expenses increased by 35.53% to ¥9,425,837.66, while management expenses rose by 51.26% to ¥48,658,928.80[52] - Operating costs increased to ¥470,068,838.96 from ¥434,764,507.87, marking an increase of about 8.1% year-over-year[182] - Management expenses rose to ¥48,658,928.80 from ¥32,168,769.65, an increase of approximately 51.3% year-over-year[182] - Asset impairment losses surged to ¥41,506,284.06 from ¥3,874,389.95, indicating a significant increase in asset write-downs[183] Strategic Initiatives - The company aims to enhance customer loyalty by improving service quality and increasing the usage of its PCBs among existing customers[38] - Cost control measures have been implemented, including the introduction of a new ERP system to improve data accuracy and operational efficiency[39] - The company is focusing on technology innovation, particularly in new processes and technologies for aerospace and automotive PCBs[35] - The company anticipates that the PCB industry will develop in three main directions: miniaturization and high density, high frequency and speed, and green production practices[71] - In 2017, the company plans to implement "lean production" and "automated production" to improve efficiency and effectiveness, focusing on detailed sales strategies and customer relationships[73] Market and Industry Context - The PCB industry in mainland China achieved a revenue of $27.10 billion in 2016, marking a growth of 1.43%, while the global PCB market saw a decline of 2.02%[32] - The global PCB industry is transitioning to a more stable growth phase, with the total output value of the global electronics industry expected to maintain a similar trend as in 2015[69] - The PCB market faces significant challenges due to economic pressures and intense competition, prompting the company to focus on cost control and product upgrades[76] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares due to consecutive losses in 2015 and 2016[14] - The company is committed to transparent cash dividend policies and considers shareholder interests in its profit distribution decisions[81] - The company did not distribute profits or increase share capital from capital reserves for both 2015 and 2016 due to ongoing operational challenges and working capital needs[83][85] - The company held its annual shareholder meeting on May 20, 2016, with a participation rate of 0.01%[155] Human Resources and Management - The company employed a total of 1,249 staff, with 1,038 in production, 31 in sales, 72 in technology, 8 in finance, and 100 in administration[141] - The educational background of employees includes 145 with a bachelor's degree or higher, 132 with a college diploma, 430 with a secondary vocational education, and 542 with high school or other qualifications[141] - The company has established a comprehensive training system covering various areas such as safety, legal knowledge, quality management, and professional skills[143] Audit and Compliance - The company received a standard unqualified opinion from the auditing firm regarding its financial statements[171] - The company’s financial statements were prepared in accordance with accounting standards and fairly reflected its financial position as of December 31, 2016[172] - The internal control audit report indicated that the company maintained effective financial reporting internal controls as of December 31, 2016[166]

Financial Performance - Revenue for Q1 2017 was CNY 93,761,915.83, an increase of 15.93% compared to CNY 80,878,738.62 in the same period last year[11] - Net profit attributable to shareholders was a loss of CNY 5,727,341.36, an improvement of 64.39% from a loss of CNY 16,082,983.98 year-over-year[11] - Net cash flow from operating activities increased significantly to CNY 18,352,940.90, a rise of 697.27% compared to CNY 2,301,981.00 in the previous year[11] - Basic and diluted earnings per share improved to -CNY 0.02, a 71.43% increase from -CNY 0.07 in the same quarter last year[11] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 609,066,307.45, a decrease of 1.59% from CNY 618,879,735.45 at the end of the previous year[11] - The number of ordinary shareholders at the end of the reporting period was 17,880[15] - The top two shareholders, Tianjin Zhonghuan Electronics Information Group Co., Ltd. and Tianjin Jinrong Investment Service Group Co., Ltd., held 25.35% and 20.48% of shares, respectively[15] Expenses and Taxation - The company reported an increase in management expenses by 62.38% due to increased R&D investment[21] - The company experienced a significant increase in tax payable by 951.35%, amounting to CNY 1,938,603.65, due to increased sales tax[21] Future Outlook - The company expects a net loss of between -13 million to -8 million RMB for the first half of 2017, compared to a net loss of -28.49 million RMB in the same period of 2016[24] - The anticipated loss is attributed to weak customer orders and rising raw material prices[24] - The specific financial data for the first half of 2017 will be detailed in the company's semi-annual report[24] Share Repurchase - The company did not engage in any repurchase transactions during the reporting period[17]

Financial Performance - Operating revenue increased by 3.26% to ¥99,603,284.29 compared to the same period last year[9] - Net profit attributable to shareholders was a loss of ¥15,386,843.70, down 81.65% year-on-year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥15,679,583.31, down 74.24% year-on-year[9] - Basic earnings per share was -¥0.06, a decrease of 100.00% compared to the same period last year[9] - Diluted earnings per share was -¥0.06, a decrease of 100.00% compared to the same period last year[9] - The net loss for Q3 2016 was CNY 15,386,831.32, compared to a net loss of CNY 8,473,473.18 in Q3 2015, reflecting a deterioration in performance[35] - The net loss for the current period was CNY 15,386,862.28, compared to a net loss of CNY 8,466,205.06 in the previous period, reflecting a worsening financial position[39] - The total profit for the third quarter was a loss of ¥43,940,975.97, compared to a loss of ¥27,830,244.34 in the same period last year, representing an increase in loss of approximately 58%[46] - The net profit for the third quarter was a loss of ¥43,878,232.36, compared to a loss of ¥27,614,105.84 in the previous year, indicating a year-over-year increase in loss of about 59%[46] - Basic and diluted earnings per share for the third quarter were both -¥0.18, compared to -¥0.11 in the same period last year[46] Assets and Liabilities - Total assets decreased by 6.02% to ¥674,906,475.72 compared to the end of the previous year[9] - Net assets attributable to shareholders decreased by 8.40% to ¥478,526,630.93 compared to the end of the previous year[9] - The total liabilities as of the end of Q3 2016 amounted to CNY 196,672,294.33, slightly up from CNY 196,018,005.80 at the beginning of the period[32] - The total equity attributable to shareholders of the parent company decreased to CNY 480,179,898.00 from CNY 524,058,130.36, a decline of approximately 8.4%[32] - The company’s total assets as of the end of Q3 2016 were CNY 676,852,192.33, down from CNY 720,076,136.16 at the beginning of the period, indicating a decrease of approximately 6.0%[31] Cash Flow - Cash flow from operating activities decreased by 65.96% to ¥2,450,325.62 year-to-date[9] - The net cash flow from operating activities decreased by 65.96% to ¥2.45 million from ¥7.20 million, primarily due to reduced cash inflows related to operations[16] - Cash inflow from operating activities totaled ¥299,121,242.78, down 15.6% from ¥354,738,722.74 in the previous year[49] - The net cash flow from operating activities was ¥2,450,325.62, a decrease of approximately 66% from ¥7,198,193.35 in the same period last year[49] - The net increase in cash and cash equivalents was negative at -¥29.57 million, a decline of 204.84% compared to the previous period[16] - The ending balance of cash and cash equivalents was ¥41,941,304.05, down from ¥75,153,871.09 at the end of the previous year[50] Investments and Receivables - Accounts receivable decreased by 74.46% to ¥2.48 million from ¥9.71 million due to reduced outstanding invoices[16] - Prepayments increased significantly by 699.81% to ¥5.97 million from ¥0.75 million, indicating a rise in advance payments for projects[16] - Long-term equity investments surged by 1497.92% to ¥2.32 million from ¥0.15 million, reflecting additional investments in associated companies[16] - Accounts receivable increased to CNY 114,678,121.85 from CNY 103,908,640.31, showing a rise of approximately 10.0%[29] - Inventory levels decreased to CNY 114,658,877.09 from CNY 123,038,664.12, a decline of about 6.8%[29] Operating Costs - Total operating costs for Q3 2016 were CNY 115,479,256.90, up from CNY 105,584,855.97, indicating an increase of about 9.0% year-over-year[35] - Operating costs rose to CNY 106,904,392.00, up from CNY 96,298,912.81, indicating a significant increase in costs[38] - The total operating costs for the year-to-date were CNY 322,769,200.94, slightly down from CNY 327,658,735.97 in the previous year[42] Future Outlook - The company expects a net loss for 2016, projecting a loss between ¥5,000 million and ¥6,000 million, attributed to weak market demand and rising raw material costs[18]

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 177.90 million, a decrease of 11.86% compared to the same period last year[20]. - The net profit attributable to shareholders was a loss of CNY 28.49 million, which is an increase in loss of 48.73% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 29.35 million, reflecting a 45.86% increase in loss compared to the previous year[20]. - The net cash flow from operating activities was CNY 10.80 million, an increase of 89.24% compared to the same period last year[20]. - The company expects a net loss of between -45 million and -35 million yuan for the first nine months of 2016, compared to a net loss of -27.63 million yuan in the same period of 2015[56]. - The company reported a cumulative actual investment of 115.85 million yuan in the San Factory Project, which is 38.62% of the planned total investment of 300 million yuan[55]. - The company reported a total capital reserve of RMB 302,270,727.09, which reflects a significant component of the total equity[144]. - The company's net profit for the first half of 2016 was not explicitly stated, but the comprehensive income totalled a loss of RMB 28,491,370.08[144]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 673.38 million, a decrease of 6.23% from the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were CNY 493.91 million, down 5.45% from the end of the previous year[20]. - The total current assets decreased from 336,536,475.86 RMB to 311,970,499.28 RMB, a reduction of approximately 7.3%[114]. - The total assets decreased from 718,130,626.89 RMB to 673,382,533.90 RMB, a decline of about 6.2%[114]. - The total liabilities decreased to CNY 179.76 million from CNY 196.02 million, representing a reduction of approximately 8%[120]. - The owner's equity totaled CNY 495.57 million, down from CNY 524.06 million, reflecting a decrease of about 5%[120]. - The total equity attributable to the parent company was ¥302,270,727.09, reflecting a decrease due to comprehensive income losses[135]. Market Conditions - The PCB industry is facing challenges due to declining demand in traditional electronics and insufficient order volume, leading to operational losses[28]. - The global PCB market growth rate was reported at -3.7% in 2015, with China's growth rate dropping to 0%[28]. - The PCB industry in China is expected to grow at an annual rate of around 3% in the coming years, despite a slowdown in growth[29]. - The company acknowledges the ongoing economic uncertainties and pressures in the manufacturing sector, impacting its performance[28]. Operational Efficiency - The company has focused on market expansion and improving operational efficiency through refined management practices[33]. - The introduction of an optimized ERP system has improved production scheduling and material requirements, enhancing operational efficiency[34]. - Operating costs decreased by 5.65% to ¥190,062,817.91, while sales expenses increased by 33.94% due to higher salaries in the sales department[31]. - The company has established stable customer resources and long-term partnerships, which are crucial for its sustained operations[38]. Corporate Governance - The company has maintained compliance with corporate governance regulations and has not faced any administrative regulatory measures[63]. - The company has not reported any significant litigation or arbitration matters during the reporting period[71]. - The company has not conducted any related party transactions in its daily operations during the reporting period[77]. - The company reported no related party debts or transactions during the reporting period[80][81]. Shareholder Information - The total number of shares remains at 245,849,768, with no changes in the shareholder structure during the reporting period[98][99]. - Total number of common shareholders at the end of the reporting period is 22,066[100]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of shares, totaling 62,314,645 shares[100]. - Tianjin Jinrong Investment Service Group Co., Ltd. is the second-largest shareholder with a 21.35% stake, amounting to 52,498,900 shares[100]. Cash Flow - The net cash flow from operating activities for the first half of 2016 was ¥10,797,623.30, an increase of 89.5% compared to ¥5,705,822.23 in the same period of 2015[134]. - The total cash outflow from operating activities was ¥179,511,666.57, down 20.6% from ¥226,103,313.48 year-on-year[134]. - The net cash flow from investing activities was -¥5,029,826.92, compared to -¥3,704,975.52 in the previous year, indicating an increase in investment outflows[134]. - The net cash flow from financing activities was -¥20,795,316.21, a significant decrease from a positive cash flow of ¥2,934,511.23 in the same period last year[134]. Investment and Restructuring - The company announced a major asset restructuring plan on May 9, 2016, and entered the restructuring process on May 17, 2016[93]. - Due to significant changes in the market environment and failure to reach an agreement on transaction pricing, the company decided to terminate the major asset restructuring on July 26, 2016[94]. - The company has not engaged in any external investments or securities investments during the reporting period[43][45]. - The company has not engaged in any major asset acquisitions or sales during the reporting period[73][74]. Accounting Policies - The financial statements of the company are prepared based on the going concern assumption and comply with the relevant accounting standards issued by the Ministry of Finance[148]. - The company’s financial statements accurately reflect its financial position as of June 30, 2016, in accordance with the disclosure requirements of the China Securities Regulatory Commission[149]. - The company engages in the production and sales of printed circuit boards and related products, following specific accounting policies and estimates related to revenue recognition[151]. - The company uses Renminbi as its functional currency for accounting purposes[154]. Inventory and Asset Management - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs recognized when the net realizable value is lower than cost[184]. - The company categorizes inventory into raw materials, work in progress, finished goods, and consumables[183]. - The company applies weighted average cost method for inventory valuation upon issuance[184]. - The company uses a perpetual inventory system for tracking inventory[184].

Financial Performance - Revenue for Q1 2016 was CNY 80,878,738.62, a decrease of 17.13% compared to CNY 97,592,307.57 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 16,082,983.98, representing a decline of 103.90% from a loss of CNY 7,887,704.87 in the previous year[7] - Net cash flow from operating activities decreased by 89.77% to CNY 2,301,981.00 from CNY 22,499,744.23 year-on-year[7] - The weighted average return on net assets was -3.13%, a decrease of 1.71% compared to -1.42% in the previous year[7] - The company experienced a net loss of CNY 16,082,983.98, which led to a 34.53% decrease in undistributed profits[16] - The company expects a net loss for the first half of 2016, with projected net profit ranging from -30 million to -15 million CNY[19] - The net profit attributable to shareholders for the first half of 2015 was -19.1562 million CNY[19] - The anticipated loss is attributed to a decline in customer orders, leading to underutilization of production capacity[19] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 676,672,397.66, down 5.77% from CNY 718,130,626.89 at the end of the previous year[7] - The number of ordinary shareholders at the end of the reporting period was 18,472[11] - The top two shareholders, Tianjin Zhonghuan Electronic Information Group Co., Ltd. and Tianjin Jinrong Investment Service Group Co., Ltd., held 25.35% and 21.35% of shares, respectively[11] Cash Flow and Debt Management - Short-term borrowings were fully repaid, resulting in a 100% decrease of CNY 20,578,352.11[16] - The company reported a significant increase in prepayments by 224.27% to CNY 1,673,430.16 due to increased daily prepayments[16] Compliance and Commitments - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[21] - There were no violations regarding external guarantees during the reporting period[20] - The company has fulfilled its commitments made in previous reports, including avoiding competition in the same industry[18] - The company is currently in the process of fulfilling its commitments related to acquisitions and asset restructuring[18] Corporate Governance - The chairman of the company is Qu Defu[23] Research and Communication Activities - No research, communication, or interview activities were conducted during the reporting period[22] Future Reporting - The specific financial data for the first half of 2016 will be detailed in the company's semi-annual report[19]

Financial Performance - The company's operating revenue for 2015 was ¥383,710,271.56, a decrease of 26.25% compared to ¥520,300,027.58 in 2014[20]. - The net profit attributable to shareholders for 2015 was a loss of ¥48,257,774.48, representing a decline of 595.04% from a profit of ¥9,748,176.67 in 2014[20]. - The basic earnings per share for 2015 was -¥0.20, a decrease of 600.00% compared to ¥0.04 in 2014[20]. - The weighted average return on equity was -8.84% in 2015, down 10.56% from 1.72% in 2014[20]. - The net profit attributable to shareholders was a loss of 48.26 million yuan, a decline of 595.04% year-on-year[39]. - The gross profit margin for the electronic components manufacturing industry was -2.03%, with a decrease of 7.05% year-on-year[49]. - The company reported a net loss with retained earnings dropping from CNY 1.68 million to a deficit of CNY 46.58 million[176]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2015, representing a year-over-year increase of 10%[139]. - The net profit for the year was 300 million yuan, which is a 15% increase compared to the previous year[139]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥47,514,537.60, up 2,038.14% from ¥2,222,236.56 in 2014[20]. - The total cash inflow from operating activities decreased by 11.72% to ¥447,838,814.67, while cash outflow decreased by 20.74% to ¥400,324,277.07[60]. - The net cash flow from investment activities turned negative at -¥12,627,603.67, a decrease of 172.24% compared to the previous year[60]. - The net cash flow from financing activities improved by 59.86% to -¥10,658,044.38, despite a significant decrease in total loan scale[60]. - The net increase in cash and cash equivalents was ¥24,567,343.72, a significant improvement of 472.26% from the previous year[60]. - The company's cash and cash equivalents at the end of 2015 amounted to ¥95,914,989.93, representing 13.36% of total assets, an increase of 2.15% from 2014[66]. - Total assets at the end of 2015 were ¥718,130,626.89, down 11.98% from ¥815,826,926.36 at the end of 2014[20]. - The total cash outflow from operating activities was CNY 400,323,066.07, compared to CNY 505,047,828.93 in the previous period, showing a reduction in operational costs[190]. Revenue Breakdown - Domestic revenue accounted for 45.13% of total revenue at ¥173,183,661.31, down 29.50% from ¥245,650,395.23 in 2014[47]. - Overseas revenue was ¥210,526,610.25, making up 54.87% of total revenue, which decreased by 23.35% from ¥274,649,632.35 in 2014[47]. - The company reported a 33.31% decrease in accounts receivable, primarily due to a decline in total sales[33]. Research and Development - Research and development investment amounted to ¥14,212,753.16, a decrease of 25.12% from ¥18,981,746.75 in 2014, representing 3.70% of total operating revenue[58]. - The number of R&D personnel decreased to 85, accounting for 6.57% of the workforce, an increase of 1.14% from the previous year[58]. - The company has allocated 100 million yuan for research and development in 2016, focusing on innovative technologies[139]. Management and Governance - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company has maintained a consistent policy of not distributing dividends over the past three years due to negative or minimal profits[86][87][89]. - The auditing firm for the company is Ruihua Certified Public Accountants, with an audit fee of 400,000 yuan for the reporting period[95]. - The company has a transparent performance evaluation and incentive mechanism for its directors and senior management[152]. - The company has established a comprehensive training system covering various aspects such as safety, legal knowledge, and professional skills[146]. Market and Industry Outlook - The PCB industry in China is projected to account for 50% of the global total output value by 2020, up from 45% in 2014[31]. - The PCB industry faces significant market risks due to economic slowdown and structural adjustments, prompting the company to focus on cost control and product upgrades[81]. - The global PCB industry is expected to grow at a compound annual growth rate of 3.1% from 2014 to 2019, with HDI products projected to grow at 3.8%[74]. Employee and Shareholder Information - The total number of employees in the company is 1,293, with 1,066 in production, 36 in sales, 85 in technical roles, 9 in finance, and 97 in administration[144]. - The company has a total compensation of 114.42 million for its board members and senior management during the reporting period[145]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[120]. Internal Control and Compliance - The internal control self-assessment report indicated that 100% of the total assets and operating income of the evaluated units were included in the company's consolidated financial statements[166]. - There were no significant internal control deficiencies identified during the reporting period, with zero major or important deficiencies reported in both financial and non-financial reports[167]. - The audit opinion for the financial statements was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2015[170].

Financial Performance - Operating revenue for the reporting period was CNY 96,461,830.43, down 34.13% year-on-year [6]. - Net profit attributable to shareholders was a loss of CNY 8,470,565.94, a decline of 347.25% compared to the same period last year [6]. - The basic earnings per share were CNY -0.03, representing a decrease of 200.00% year-on-year [6]. - The weighted average return on net assets was -1.55%, a decrease of 1.22% compared to the previous year [6]. - The company expects a net loss for 2015, projecting a loss between 35 million to 50 million, attributed to weak market demand for PCB terminal products [19]. - The company's unallocated profits decreased significantly by 1643.20% to -2,594.55 million due to current losses [16]. - The company recorded a 372.02% increase in asset impairment losses to 114.46 million [16]. Cash Flow - The net cash flow from operating activities was CNY 7,198,193.35, an increase of 242.00% compared to the same period last year [6]. - The company's sales of goods received cash increased, resulting in a net cash flow from operating activities of 719.82 million, a 242.00% increase from the previous year [16]. - The net cash flow from financing activities improved by 180.97% to 2,775.10 million due to reduced cash payments for debt repayment and interest [17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 764,406,297.91, a decrease of 6.30% compared to the previous year-end [6]. - The company's prepaid equipment and engineering payments increased by 44.26% to 104.90 million compared to the previous year [16]. - The accounts receivable for export tax rebates surged by 452.23% to 312.27 million, while other current assets decreased by 96.25% to 17.46 million [16]. - The company recorded a 65.15% increase in taxes payable, amounting to 63.78 million [16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,934 [10]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., held 25.35% of the shares [10]. Government Support - The company received government subsidies amounting to CNY 1,069,845.92 during the reporting period [7]. Accounting Policies - There were no significant changes in accounting policies or errors that required restatement of previous financial data [6]. Competitive Commitments - The company has ongoing commitments to avoid competition in the same industry as part of its acquisition and financing agreements [18]. Investments - The company has no securities investments or holdings in other listed companies during the reporting period [20][21].

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 201,829,196.37, a decrease of 20.23% compared to the same period last year[21]. - The net profit attributable to shareholders was a loss of CNY 19,156,221.03, representing a decline of 235.68% year-on-year[21]. - The company's operating revenue for the reporting period was ¥201,829,196.37, a decrease of 20.23% compared to the same period last year[28]. - The operating cost was ¥201,446,719.27, reflecting an 18.28% decrease year-on-year[28]. - The company reported a net loss of CNY 17,474,936.36 in retained earnings compared to a profit of CNY 1,681,284.67 at the beginning of the period[102]. - The estimated net profit for the period from January to September 2015 is projected to be between -30 million to -20 million RMB, indicating a loss compared to a net profit of 12.22 million RMB in the same period of 2014[44]. - The company reported a basic and diluted earnings per share of -¥0.08, compared to ¥0.06 in the previous period[110]. - The total comprehensive income for the period was -19,147,900.77 yuan, compared to 14,206,969.78 yuan in the same period last year[113]. Cash Flow and Investments - The net cash flow from operating activities was CNY 5,705,561.17, an increase of 126.95% compared to the previous year[21]. - The net cash flow from operating activities improved significantly to ¥5,705,561.17, a 126.95% increase compared to the previous year[28]. - The net cash flow from investing activities was negative at ¥-3,704,975.52, a decline of 114.83% year-on-year[28]. - The net increase in cash and cash equivalents was ¥6,004,115.58, representing an increase of 181.58% compared to the same period last year[29]. - Cash inflow from operating activities totaled 231,809,174.65 yuan, up from 222,213,444.00 yuan year-on-year[116]. - Cash outflow from operating activities was 226,103,613.48 yuan, down from 243,386,310.37 yuan in the previous year[116]. - Investment activities resulted in a net cash outflow of -3,704,975.52 yuan, compared to a net inflow of 24,980,298.88 yuan in the same period last year[117]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 765,060,833.57, down 6.22% from the end of the previous year[21]. - The total assets decreased from CNY 815,826,926.36 at the beginning of the period to CNY 765,060,833.57 at the end of the period, representing a decline of approximately 6.2%[100]. - Current assets decreased from CNY 390,252,313.35 to CNY 362,452,037.63, a reduction of about 7.1%[100]. - Total liabilities decreased from CNY 245,227,912.72 to CNY 213,623,587.80, a decline of about 12.9%[101]. - The company's equity decreased from CNY 570,599,013.64 to CNY 551,437,245.77, a reduction of approximately 3.4%[102]. - The total current liabilities decreased from CNY 226,288,608.64 to CNY 193,983,789.79, a decline of approximately 14.2%[101]. Market Conditions and Challenges - The company faced challenges due to a weak demand in the electronic manufacturing market and rising labor costs, leading to operational losses[25]. - The automotive electronics sector was significantly impacted, with the automotive industry inventory warning index exceeding the warning line for nine consecutive months[26]. - The decline in performance is attributed to weak demand in the PCB terminal product market and a decrease in customer orders, leading to an inability to fully utilize production capacity[44]. - The company maintained a stable customer base, with expectations for order recovery as macroeconomic conditions improve[26]. Strategic Initiatives - The company plans to continue cost control measures to improve production efficiency and aim for profitability[25]. - The company is actively pursuing lean management to improve efficiency and reduce costs amid declining traditional orders[30]. - Efforts to expand market reach include exploring new development models and enhancing communication with existing customers to uncover new demands[31]. - The company is focusing on talent acquisition to strengthen technical capabilities in response to the evolving PCB market[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,330[84]. - The largest shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds 25.35% of the shares, totaling 62,314,645 shares[84]. - Tianjin Jinrong Investment Service Group Co., Ltd. holds 20.48% of the shares, with a decrease of 6,131,637 shares during the reporting period[84]. - The company has a total of 245,849,768 shares, all of which are unrestricted ordinary shares[82]. - The company did not issue any preferred shares during the reporting period[89]. - The company did not report any other significant matters during the reporting period[78]. Financial Reporting and Compliance - The half-year financial report was not audited[80]. - The company’s financial statements comply with the relevant accounting standards and accurately reflect its financial position as of June 30, 2015[136]. - The company has not disclosed any significant new product developments or technological advancements in this report[126]. - There are no mentions of market expansion or mergers and acquisitions in the current financial report[126].