证券代码：002194 证券简称：*ST 凡谷 编号：181103 武汉凡谷电子技术股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------|-----------------------------------|-------------------------------------------------|----------------------------------------------------------------| | | | | | | 投资者关系活动 | √ 特定对象调研 □分析师会议 | | | | 类别 | □ 媒体采访 □业绩说明会 | | | | | □ 新闻发布会 □路演活动 | | | | | □ 现场参观 □其他 | | | | 参与单位名称及 | | 海通证券：余伟民、张弋、洪宇航 长城证券：余芳沁 | | | 人员姓名 | | | 狮城产业投资咨询（上海）有限公司：陈家杰、池浩成、胡瑞雯等 | | 时间 | 2018 年 11 月 22 日上午 | 9:30 | | | 地点 | 公司会议室 | | ...

证券代码：002194 证券简称：*ST 凡谷 编号：181102 武汉凡谷电子技术股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-----------------------------------|----------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | √ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | √ 现场参观 □其他 | | | 参与单位名称及 | | 证券日报：赵谦德 第一财经：周芳 | | 人员姓名 | 中小投资者：莫法、叶超 | | | 时间 | 2018 年 11 月 15 日下午 | 3:00 | | 地点 | 公司 4 号楼 3 楼 1 | 号会议室 | | 上市公司接待人 员姓名 | | 公司董事长孟凡博先生、公司副总裁兼董事会秘书彭娜女士 | | | 在 2018 | 年第四次临时股东大会等 ...

证券代码：002194 证券简称：*ST 凡谷 编号：181001 武汉凡谷电子技术股份有限公司投资者关系活动记录表 | --- | --- | |-----------------------|----------------------------------------------------------------| | | | | 投资者关系活动 | 特定对象调研 □分析师会议 | | 类别 | 媒体采访 □业绩说明会 | | | 新闻发布会 □路演活动 | | | 现场参观 □其他 | | 参与单位名称及 | 东北证券：熊军 华安基金：介勇虎 | | 人员姓名 | | | 时间 | 10 月 10 日下午 2： 00 | | 地点 | 号楼 3 楼 3 号会议室 | | 上市公司接待人 员姓名 | 公司副总裁兼董事会秘书彭娜女士、证券事务代表李珍女士 | | 投资者关系活动 | 调研会议以 Q&A 方式进行，主要沟通问题如下： | | 主要内容介绍 | 公司今年是否可以扭亏？ | | | ：公司相关业绩改善措施（如技术工艺改进、减员增效、费用控 | | | 制等）在稳步推进中，扭亏是公司今年的首要 ...

证券代码：002194 证券简称：*ST 凡谷 编号：181104 武汉凡谷电子技术股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|------------------------------------|----------------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 □ | 分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □ | 路演活动 | | | □ 现场参观 □其他 | | | 参与单位名称及 | | 中信建投证券：雷鸣 中欧基金：金旭炜 | | 人员姓名 | | 上海彤源投资发展有限公司：张乐 健顺投资：吴晓威 | | | 上海南士资产管理有限公司：王文星 | | | | 上海沃珑港资产管理有限公司：赵宏鹏 | | | 时间 | 2018 年 11 月 29 日上午 | 9：30 | | 地点 | 公司会议室 | | | 上市公司接待人 员姓名 | ...

证券代码：002194 证券简称：武汉凡谷 武汉凡谷电子技术股份有限公司投资者关系活动记录表 编号：210501 | --- | --- | --- | --- | |-----------------------------|-----------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------| | | | | | | | □ 特定对象调研 | □ 分析师会议 | | | 投资者关系活动 | □ 媒体采访 √ | 业绩说明会 | | | 类别 | ...

[Major Financial Data](index=2&type=section&id=Item%20I.%20Major%20Financial%20Data) The company's financial performance in the first three quarters of 2022 showed strong revenue and net profit growth, but operating cash flow turned negative, indicating working capital challenges [Major Accounting Data and Financial Indicators](index=2&type=section&id=Item%20%28I%29.%20Major%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved strong performance in the first three quarters of 2022, with operating revenue growing by **17.00%** and net profit attributable to parent company shareholders increasing by **44.80%**; however, net cash flow from operating activities significantly decreased by **121.22%**, turning negative, indicating working capital pressure 2022 First Three Quarters Major Financial Indicators | Indicator | Year-to-Date (RMB) | Year-to-Date Change vs. Prior Year (%) | | :--- | :--- | :--- | | Operating Revenue | 1,623,999,441.79 | 17.00% | | Net Profit Attributable to Listed Company Shareholders | 250,606,756.15 | 44.80% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Items) | 242,426,976.63 | 39.91% | | Net Cash Flow from Operating Activities | -53,824,900.74 | -121.22% | | Basic Earnings Per Share (RMB/share) | 0.3696 | 43.87% | | Weighted Average Return on Net Assets | 10.11% | Increased by 2.17 percentage points | | Total Assets (RMB) | 3,421,746,416.79 | 14.53% (vs. end of prior year) | | Owners' Equity Attributable to Listed Company Shareholders (RMB) | 2,664,449,296.09 | 15.09% (vs. end of prior year) | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=Item%20%28II%29.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) The company's non-recurring gains and losses totaled **8.18 million RMB** in the first three quarters of 2022, primarily from government subsidies (**5.77 million RMB**) and non-current asset disposal gains (**3.09 million RMB**), positively impacting current net profit 2022 First Three Quarters Non-recurring Gains and Losses Items | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Non-current asset disposal gains and losses | 3,089,425.48 | | Government subsidies included in current profit and loss | 5,768,905.94 | | Other non-operating income and expenses | 238,703.70 | | Less: Income tax impact | 917,255.60 | | **Total** | **8,179,779.52** | [Changes and Reasons for Major Accounting Data and Financial Indicators](index=2&type=section&id=Item%20%28III%29.%20Changes%20and%20Reasons%20for%20Major%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, several financial indicators showed significant changes, with accounts receivable and notes receivable increasing due to expanded sales, while a stronger US dollar generated substantial exchange gains, though increased receivables also led to higher credit impairment losses, and operating cash flow turned negative due to extended customer payment terms, increased inventory, and shortened supplier payment terms [Balance Sheet Item Changes](index=3&type=section&id=1.%20Balance%20Sheet%20Item%20Changes) Major balance sheet changes occurred in current assets and liabilities, with notes and accounts receivable surging by **2237%** and **51%** respectively, reflecting sales growth and customer structure shifts, while long-term equity investments grew **61%** due to sub-fund valuation changes, and other current liabilities soared primarily from a subsidiary discounting **50 million RMB** in bank acceptance bills - Notes receivable balance at period-end increased by **2237.34%** compared to the beginning of the period, primarily due to a significant amount of bank acceptance bills received from customers in the third quarter[11](index=11&type=chunk) - Accounts receivable increased by **50.62%** compared to the beginning of the period, mainly due to the company's overall sales scale growth and an increased proportion of sales to customers with longer payment terms[11](index=11&type=chunk) - Long-term equity investments increased by **60.70%**, primarily due to valuation changes in projects invested by sub-funds Changsha Huaye Gaochuang and Suzhou Shenxin Huayuan[11](index=11&type=chunk) - Other current liabilities soared by **121489.59%**, mainly because subsidiary Fujing Electronics discounted **50 million RMB** in bank acceptance bills issued by the parent company[11](index=11&type=chunk) [Income Statement Item Changes](index=3&type=section&id=2.%20Income%20Statement%20Item%20Changes) Income statement items showed significant changes, with financial expenses decreasing by **85.98%** due to substantial exchange gains from a stronger US dollar, credit impairment losses increasing by **313.26%** due to higher accounts receivable, and income tax expenses decreasing by **2701.74%** primarily from recognizing **41.91 million RMB** in deferred tax assets related to deductible temporary differences - Financial expenses decreased by **85.98%** (increased income) year-on-year, primarily because the company's export sales are settled in US dollars, and the appreciation of the US dollar in the current period led to a significant increase in exchange gains[11](index=11&type=chunk) - Credit impairment losses increased by **313.26%** year-on-year, mainly due to an increase in the accounts receivable balance at period-end compared to the beginning of the year, leading to a corresponding increase in bad debt provisions[11](index=11&type=chunk) - Income tax expenses decreased by **2701.74%** (resulting in tax income) year-on-year, primarily because the company recognized **41.91 million RMB** in deferred tax assets, which are related to deductible temporary differences expected after the previous years' deductible losses were fully offset[14](index=14&type=chunk) [Cash Flow Statement Item Changes](index=4&type=section&id=3.%20Cash%20Flow%20Statement%20Item%20Changes) The cash flow statement indicates tight working capital, with net cash flow from operating activities decreasing by **121.22%** to a net outflow of **54 million RMB** from a net inflow of **254 million RMB**, primarily due to extended customer payment terms, increased inventory, and shortened supplier payment terms, while investing activities saw increased outflows for fixed asset purchases, and financing activities included **50 million RMB** from subsidiary bill discounting - Net cash flow from operating activities decreased by **121.22%** year-on-year, primarily due to: 1. An increase in sales to customers with longer payment terms; 2. Increased inventory preparation to meet customer orders; 3. Rising raw material prices and shortened payment terms from some suppliers[14](index=14&type=chunk) - Cash paid for the acquisition of fixed assets, intangible assets, etc., increased by **216.99%** year-on-year, mainly due to increased payments for equipment and engineering projects in the current period[14](index=14&type=chunk) - Cash received from borrowings was **50 million RMB**, primarily from a subsidiary discounting bank acceptance bills issued by the parent company[14](index=14&type=chunk) [Shareholder Information](index=5&type=section&id=Item%20II.%20Shareholder%20Information) The company's shareholder structure is highly concentrated, with the actual controllers and their family members holding a significant combined stake, while the total number of common shareholders is 75,857 [Total Number of Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Shareholding Table](index=5&type=section&id=Item%20%28I%29.%20Total%20Number%20of%20Common%20Shareholders%2C%20Number%20of%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Shareholding%20Table) As of the end of the reporting period, the company had **75,857** common shareholders, with a highly concentrated equity structure where the actual controllers, Meng Qingnan and Wang Lili, and their family members, hold a significant combined stake, with Wang Lili and Meng Qingnan being the top two shareholders holding **27.86%** and **7.38%** respectively - As of the end of the reporting period, the company had **75,857** shareholders in total[18](index=18&type=chunk) Top Five Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | :--- | | Wang Lili | Domestic Natural Person | 27.86% | 190,406,400 | | Meng Qingnan | Domestic Natural Person | 7.38% | 50,438,267 | | Meng Fanbo | Domestic Natural Person | 5.73% | 39,138,141 | | Pingtan Huaye Value Investment Partnership | Other | 2.78% | 18,966,304 | | Pingtan Huaye Strategic Investment Partnership | Other | 2.22% | 15,205,342 | - The company's actual controllers, Meng Qingnan and Wang Lili, are a married couple, Meng Fanbo is their son, and Wang Kai is Wang Lili's brother, indicating a clear family-associated shareholding characteristic[18](index=18&type=chunk) [Other Significant Matters](index=6&type=section&id=Item%20III.%20Other%20Significant%20Matters) During the reporting period, the company advanced its equity incentive plans, involving the lifting of sales restrictions on restricted shares and the exercise of options, while also disclosing a change in equity where concerted action shareholders reduced their stake below **5%**, and the company continues to address investor compensation lawsuits stemming from prior misrepresentations, having paid **23.91 million RMB** in cumulative compensation [Matters Regarding the Company's Equity Incentive Plan](index=6&type=section&id=Item%20%28I%29.%20Matters%20Regarding%20the%20Company%27s%20Equity%20Incentive%20Plan) During the reporting period, the company implemented its 2021 Restricted Stock Incentive Plan and 2019 Stock Option Incentive Plan, with the first restricted period of the 2021 plan lifting restrictions for **114** grantees on **1.54 million** shares, and the third exercise period of the 2019 plan completing the exercise of **2.45 million** shares, increasing the company's total share capital - The first restricted period of the 2021 Restricted Stock Incentive Plan met the conditions for lifting sales restrictions, releasing **1,538,500** shares for **114** incentive recipients[21](index=21&type=chunk) - The third exercise period of the 2019 Stock Option Incentive Plan was completed, with a total of **2.45 million** shares exercised, increasing the company's total share capital from **680,995,306** shares to **683,443,306** shares after the exercise[22](index=22&type=chunk) [Matters Regarding Changes in Shareholder Equity](index=6&type=section&id=Item%20%28II%29.%20Matters%20Regarding%20Changes%20in%20Shareholder%20Equity) Concerted action shareholders Huaye Strategy and Huaye Value, previously holding over **5%**, reduced their stakes, bringing their combined shareholding to **4.9999%**, thus ceasing to be shareholders holding **5%** or more of the company - Concerted action shareholders Huaye Strategy and Huaye Value's combined shareholding percentage decreased to **4.9999%**, meaning they are no longer shareholders holding **5%** or more of the company[23](index=23&type=chunk) [Matters Regarding Investor Compensation Lawsuits](index=6&type=section&id=Item%20%28III%29.%20Matters%20Regarding%20Investor%20Compensation%20Lawsuits) The company continues to face investor compensation lawsuits due to prior misrepresentations, with **374** cases totaling **33.50 million RMB** in claims as of the reporting period, and **23.91 million RMB** in cumulative compensation and acceptance fees already paid - The company received **374** civil lawsuits for investor compensation due to misrepresentations, with a total involved amount of **33.50 million RMB**[24](index=24&type=chunk) - As of the end of the reporting period, the company has cumulatively paid **23.91 million RMB** (including case acceptance fees) for related lawsuits[24](index=24&type=chunk) [Quarterly Financial Statements](index=7&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section presents the company's unaudited consolidated balance sheet, income statement, and cash flow statement for the first three quarters of 2022, detailing asset, liability, equity, revenue, profit, and cash flow positions [Consolidated Balance Sheet](index=7&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of September 30, 2022, the company's total assets were **3.42 billion RMB**, up **14.53%** from the beginning of the year; total liabilities were **757 million RMB**, up **12.62%**; and owners' equity attributable to listed company shareholders was **2.66 billion RMB**, up **15.09%**, maintaining a stable asset-liability structure Consolidated Balance Sheet Summary (September 30, 2022) | Item | Amount (RMB) | | :--- | :--- | | **Total Assets** | **3,421,746,416.79** | | Total Current Assets | 2,539,226,131.07 | | Total Non-current Assets | 882,520,285.72 | | **Total Liabilities** | **757,297,120.70** | | Total Current Liabilities | 648,461,565.57 | | Total Non-current Liabilities | 108,835,555.13 | | **Total Owners' Equity** | **2,664,449,296.09** | [Consolidated Income Statement from Year-Beginning to End of Reporting Period](index=9&type=section&id=2.%20Consolidated%20Income%20Statement%20from%20Year-Beginning%20to%20End%20of%20Reporting%20Period) In the first three quarters of 2022, the company achieved total operating revenue of **1.62 billion RMB**, a **17.00%** year-on-year increase, and net profit attributable to parent company shareholders of **251 million RMB**, a **44.80%** year-on-year increase, with basic earnings per share at **0.3696 RMB** Consolidated Income Statement Summary (January-September 2022) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 1,623,999,441.79 | 1,388,015,259.09 | | Total Operating Costs | 1,372,572,542.99 | 1,183,059,537.13 | | Operating Profit | 232,824,371.66 | 177,187,811.57 | | Total Profit | 232,497,856.24 | 172,430,390.29 | | Net Profit | 250,606,756.15 | 173,076,736.06 | | Net Profit Attributable to Parent Company Shareholders | 250,606,756.15 | 173,076,736.06 | | Basic Earnings Per Share (RMB/share) | 0.3696 | 0.2569 | [Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period](index=11&type=section&id=3.%20Consolidated%20Cash%20Flow%20Statement%20from%20Year-Beginning%20to%20End%20of%20Reporting%20Period) In the first three quarters of 2022, net cash flow from operating activities was **-53.82 million RMB**, a significant year-on-year decrease, while net cash outflow from investing activities was **94.02 million RMB**, primarily for asset acquisition, and net cash inflow from financing activities was **25.39 million RMB**, with cash and cash equivalents totaling **1.28 billion RMB** at period-end Consolidated Cash Flow Statement Summary (January-September 2022) | Item | Current Period Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -53,824,900.74 | | Net Cash Flow from Investing Activities | -94,016,145.49 | | Net Cash Flow from Financing Activities | 25,386,749.34 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 3,656,714.60 | | Net Increase in Cash and Cash Equivalents | -118,797,582.29 | | Cash and Cash Equivalents at Period-End | 1,283,831,255.13 | [Audit Report](index=12&type=section&id=Item%20%28II%29.%20Audit%20Report) The company's 2022 third-quarter report is unaudited - The company's third-quarter report is unaudited[45](index=45&type=chunk)

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) The board and management ensure report accuracy, highlighting risks like trade friction, epidemics, market volatility, and exchange rate changes - The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this semi-annual report, highlighting risks like international trade friction, epidemics, market fluctuations, raw material price volatility, and exchange rate changes[6](index=6&type=chunk) - The company plans no cash dividends, bonus shares, or capital increase from capital reserves[7](index=7&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This chapter presents the company's basic information and key H1 2022 financial data, showing revenue and net profit growth but a cash flow decline [Company Profile](index=6&type=section&id=I.%20Company%20Profile) Wuhan Fingu Electronic Technology Co Ltd (Stock Code: 002194) is a Shenzhen Stock Exchange-listed company with Yang Hong as its legal representative Company Information | Item | Information | | :--- | :--- | | **Stock Abbreviation** | Wuhan Fingu | | **Stock Code** | 002194 | | **Listed Exchange** | Shenzhen Stock Exchange | | **Company Full Chinese Name** | 武汉凡谷电子技术股份有限公司 | | **Legal Representative** | Yang Hong | [Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) H1 2022 saw revenue of **1.024 billion Yuan** (up **17.48%**) and net profit of **190 million Yuan** (up **46.75%**), but operating cash flow fell **151.52%** Key Financial Indicators | Key Financial Indicators | Current Reporting Period (2022H1) | Prior Year Period (2021H1) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (Yuan)** | 1,024,135,154.28 | 871,729,152.17 | 17.48% | | **Net Profit Attributable to Shareholders (Yuan)** | 189,612,767.95 | 129,209,418.78 | 46.75% | | **Net Cash Flow from Operating Activities (Yuan)** | -93,063,641.73 | 180,621,548.72 | -151.52% | | **Basic Earnings Per Share (Yuan/share)** | 0.2797 | 0.1919 | 45.75% | | **Weighted Average Return on Net Assets** | 7.70% | 5.92% | Increased by 1.78 percentage points | | **Total Assets (Yuan)** | 3,389,838,134.53 | 2,987,546,572.81 | 13.47% (vs. end of prior year) | | **Net Assets Attributable to Shareholders (Yuan)** | 2,596,617,173.93 | 2,315,114,670.82 | 12.16% (vs. end of prior year) | [Non-recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring gains and losses totaled **5.7012 million Yuan**, mainly from asset disposal and government subsidies Non-recurring Gains and Losses | Item | Amount (Yuan) | | :--- | :--- | | Disposal gains/losses on non-current assets | 2,842,045.17 | | Government subsidies recognized in current profit/loss | 3,756,724.93 | | Other non-operating income and expenses | -236,644.41 | | Less: Income tax impact | 660,914.37 | | **Total** | **5,701,211.32** | [Management Discussion and Analysis](index=9&type=section&id=Item%203.%20Management%20Discussion%20and%20Analysis) This chapter analyzes operations, core competencies, financial performance, and risks, noting steady growth in RF devices and strong overseas revenue [Principal Business Activities During the Reporting Period](index=9&type=section&id=I.%20Principal%20Business%20Activities%20During%20the%20Reporting%20Period) The company's main business is RF devices for 4G/5G networks, with H1 2022 revenue of **1.024 billion Yuan** and net profit of **190 million Yuan** - The company's main business is RF devices and RF subsystems, including filters and duplexers, primarily used in **4G and 5G communication networks**[40](index=40&type=chunk) - Major clients include **Huawei, Ericsson, and Nokia**, global leading mobile communication equipment integrators[40](index=40&type=chunk) Key Financial Performance | Financial Indicators | 2022 H1 | Year-on-Year Growth | | :--- | :--- | :--- | | **Operating Revenue** | 1.024 billion Yuan | 17.48% | | **Overseas Product Revenue** | 408 million Yuan | 32.74% | | **Net Profit Attributable to Parent Company** | 190 million Yuan | 46.75% | [Analysis of Core Competencies](index=10&type=section&id=II.%20Analysis%20of%20Core%20Competencies) Core competencies include technological advantages, complete industry chains, responsive management, and strong client relationships with top global equipment providers - **Technological Advantage**: As of June 30, 2022, the company holds **261 valid patents**, including **65 invention patents**[46](index=46&type=chunk) - **Industry Chain Advantage**: Possesses a complete metal filter industry chain from R&D to electronic assembly, and a complete ceramic filter industry chain from powder development to debugging[46](index=46&type=chunk) - **Customer Resource Advantage**: Serves globally renowned mobile communication equipment integrators such as **Huawei, Ericsson, and Nokia**[47](index=47&type=chunk) [Analysis of Principal Business](index=10&type=section&id=III.%20Analysis%20of%20Principal%20Business) Operating revenue grew **17.48%**, with overseas revenue up **32.74%**, while financial expenses decreased **49.58%**, and operating cash flow fell **151.52%** Key Financial Performance Changes | Financial Indicators | Current Reporting Period | Year-on-Year Change | Main Reasons for Change | | :--- | :--- | :--- | :--- | | **Financial Expenses** | -29,399,367.62 Yuan | -49.58% | Significant increase in exchange gains due to USD appreciation | | **Income Tax Expense** | -31,019,215.76 Yuan | -2,780.50% | Recognition of deferred income tax assets from deductible temporary differences of **46.7724 million Yuan** | | **Net Cash Flow from Operating Activities** | -93,063,641.73 Yuan | -151.52% | Increased sales proportion to long-payment-term customers; increased material and inventory stocking; rising raw material prices | | **Net Cash Flow from Investing Activities** | -50,655,684.77 Yuan | -354.30% | Decreased recovery of time deposits, expanded investment scale, and increased payments for equipment and engineering | Revenue Composition | Revenue Composition | 2022 H1 Revenue (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | | **By Product - Duplexers** | 717,746,461.33 | 33.18% | | **By Product - RF Subsystems** | 27,733,680.55 | 35.43% | | **By Region - Overseas** | 408,392,287.08 | 32.74% | [Analysis of Assets and Liabilities](index=13&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets reached **3.39 billion Yuan** (up **13.47%**), with increased accounts receivable and inventory, and a rise in deferred tax assets Balance Sheet Item Changes | Balance Sheet Item | Period-end Amount (Yuan) | Explanation of Change from Prior Year-end | | :--- | :--- | :--- | | **Accounts Receivable** | 705,978,096.26 | Expanded sales scale and increased proportion of long-payment-term customers | | **Inventories** | 477,742,015.05 | Expanded production and sales scale, increased stocking for customer orders | | **Long-term Equity Investments** | 280,984,129.12 | Primarily due to changes in valuation of projects invested by sub-funds | | **Deferred Income Tax Assets** | 53,178,036.19 | Recognition of deferred income tax assets from deductible temporary differences of **46.7724 million Yuan** | | **Accounts Payable** | 458,762,099.47 | Increased procurement due to expanded production and sales scale and increased material and inventory stocking | [Analysis of Major Holding and Participating Companies](index=16&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Ezhou Fingu's net profit surged **127.18%** to **36.61 million Yuan**, while Wuhan Fingu Ceramic's net profit dropped **480.9%** to a loss of **7.23 million Yuan** Subsidiary Performance | Subsidiary Name | 2022 H1 Net Profit (million Yuan) | Year-on-Year Change | Main Reason | | :--- | :--- | :--- | :--- | | **Ezhou Fingu Electronic Technology Co Ltd** | 36.61 | +127.18% | Significant increase in operating revenue | | **Wuhan Fingu Ceramic Materials Co Ltd** | -7.23 | -480.9% | Decrease in dielectric product operating revenue and gross margin | [Risks and Countermeasures Faced by the Company](index=18&type=section&id=X.%20Risks%20and%20Countermeasures%20Faced%20by%20the%20Company) The company faces risks from trade friction, market competition, raw material prices, and exchange rate fluctuations, addressed by R&D, customer diversification, and financial tools - **International Trade Friction and Epidemic Risks**: US "entity list" may impact the company through the supply chain, and global epidemics bring economic uncertainty[80](index=80&type=chunk) - **Market Risks**: Faces risks of lower-than-expected operator capital expenditure, high customer concentration, and intensified industry competition[80](index=80&type=chunk) - **Raw Material Price Fluctuation Risk**: Price fluctuations of key raw materials like aluminum, copper, and silver may affect the company's profits[81](index=81&type=chunk) - **Exchange Rate Risk**: Overseas business is primarily settled in USD, and RMB exchange rate fluctuations may impact operating conditions and profitability[84](index=84&type=chunk) [Corporate Governance](index=20&type=section&id=Item%204.%20Corporate%20Governance) This chapter covers corporate governance activities, including shareholder meetings, management changes, and the repurchase of restricted shares under the equity incentive plan [Changes in Directors, Supervisors, and Senior Management](index=20&type=section&id=II.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) Significant changes in senior management included the resignation of former President Xia Yong and the appointment of Ms Wang Lili as the new President and Director - Mr Xia Yong resigned from his positions as director and president on **January 4, 2022**, due to personal reasons[89](index=89&type=chunk) - Ms Wang Lili was appointed as the company's president on **January 11, 2022**, and subsequently elected as a company director on **January 27**[89](index=89&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=21&type=section&id=IV.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company repurchased and cancelled 85,000 restricted shares from four departed incentive recipients under the 2021 restricted stock incentive plan - Due to the departure of **4 incentive recipients**, the company repurchased and cancelled **85,000 restricted shares** that had been granted but not yet unblocked[94](index=94&type=chunk) [Environmental and Social Responsibility](index=22&type=section&id=Item%205.%20Environmental%20and%20Social%20Responsibility) This chapter details the environmental performance of subsidiary Ezhou Fingu, a key pollutant-discharging entity, and its compliance with environmental standards [Significant Environmental Issues](index=22&type=section&id=I.%20Significant%20Environmental%20Issues) Ezhou Fingu Electronic Technology Co Ltd, a key pollutant-discharging entity, reported all emissions within standards, with environmental facilities operating normally - Subsidiary Ezhou Fingu Electronic Technology Co Ltd is listed as a **key pollutant-discharging entity** by environmental authorities[98](index=98&type=chunk) Pollutant Discharge Information | Pollutant | Discharge Method | 2022 H1 Average Discharge Concentration | Execution Standard | Exceedance Status | | :--- | :--- | :--- | :--- | :--- | | **Wastewater (COD)** | Intermittent discharge | 23.04mg/L | "Integrated Wastewater Discharge Standard" Level 1 Standard | None | | **Exhaust Gas (Sulfuric Acid Mist)** | Continuous discharge | 0.8mg/m³ (Limit 30) | "Integrated Atmospheric Pollutant Discharge Standard" Level 2 Standard | None | | **Hazardous Waste** | Entrusted to third-party disposal | - | "Standard for Pollution Control on Hazardous Waste Storage" | None | - The Phase II plant expansion project of Ezhou Fingu Electronic obtained environmental approval in **January 2022** and commenced construction in **May**[102](index=102&type=chunk) [Significant Matters](index=25&type=section&id=Item%206.%20Significant%20Matters) This chapter covers significant matters, including fulfillment of commitments, absence of major financial irregularities, investor lawsuits from prior false statements, and routine related-party transactions [Litigation Matters](index=27&type=section&id=VIII.%20Litigation%20Matters) The company faces 374 investor compensation lawsuits totaling **33.50 million Yuan** due to prior false statements, with **25.65 million Yuan** in judgments accrued as provisions - As of June 30, 2022, the company was involved in **374 investor compensation lawsuits**, with a total amount involved of **33.4989 million Yuan**[120](index=120&type=chunk) - In adjudicated cases, the company is liable for **25.6451 million Yuan** (including acceptance fees), and has appealed **327 cases** to the Hubei High Court[120](index=120&type=chunk) [Significant Related Party Transactions](index=28&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) Routine related-party transactions included procurement, sales, and property leases, all within approved annual limits and priced at market rates Related Party Transactions | Related Party | Type of Related Transaction | Amount Incurred This Period (million Yuan) | Approved Limit (million Yuan) | | :--- | :--- | :--- | :--- | | Wuhan Guangmu Technology Co Ltd | Procurement of visual inspection equipment, etc | 1.736 | 7.40 | | Wuhan Zhengwei Electronic Technology Co Ltd | Procurement of special power supplies, etc | 0.7001 | 16.00 | | Wuhan Zhengwei Electronic Technology Co Ltd | Sales of filters, etc | 0.4162 | 3.00 | | Wuhan Yanxi Microdevices Co Ltd | Property Lease (Lessor) | 1.3496 | 3.30 | | Wuhan Zhengwei Electronic Technology Co Ltd | Property Lease (Lessor) | 0.6571 | 1.50 | - The company, together with Shenzhen Hengxinhua Industry Equity Investment Fund Management Co Ltd, jointly established "Pingtan Huaye Focus No 2 Equity Investment Partnership (Limited Partnership)" for private equity investments in enterprises[133](index=133&type=chunk) [Share Changes and Shareholder Information](index=33&type=section&id=Item%207.%20Share%20Changes%20and%20Shareholder%20Information) This chapter details changes in share capital due to restricted share repurchase and cancellation, and shareholder holdings, including significant stakes by controlling shareholders and institutional funds [Share Change Information](index=33&type=section&id=I.%20Share%20Change%20Information) Total share capital decreased by 85,000 shares due to restricted share repurchase and cancellation, while restricted shares increased from **6.65%** to **26.25%** - During the reporting period, the company's total share capital decreased by **85,000 shares** due to the repurchase and cancellation of some restricted shares[151](index=151&type=chunk)[154](index=154&type=chunk) [Shareholder Numbers and Holdings](index=35&type=section&id=III.%20Shareholder%20Numbers%20and%20Holdings) The company had 95,183 common shareholders, with controlling shareholders Wang Lili, Meng Qingnan, and Meng Fanbo holding significant stakes, alongside two Pingtan Huaye funds Top Ten Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | | Wang Lili | 27.96% | 190,406,400 | | Meng Qingnan | 7.41% | 50,438,267 | | Meng Fanbo | 5.89% | 40,088,141 | | Shenzhen Hengxinhua Industry...Pingtan Huaye Value Investment | 3.84% | 26,169,381 | | Shenzhen Hengxinhua Industry...Pingtan Huaye Strategic Investment | 3.84% | 26,167,842 | - The actual controllers, Meng Qingnan and Wang Lili, are a married couple, and Meng Fanbo is their son; Wang Kai is Wang Lili's brother; the two "Pingtan Huaye" funds are parties acting in concert[162](index=162&type=chunk) [Preferred Shares Information](index=38&type=section&id=Item%208.%20Preferred%20Shares%20Information) This chapter confirms the absence of preferred shares during the reporting period - During the reporting period, the company had no preferred shares[173](index=173&type=chunk) [Bonds Information](index=39&type=section&id=Item%209.%20Bonds%20Information) This chapter confirms the absence of bond-related matters during the reporting period - During the reporting period, the company had no bond-related matters[176](index=176&type=chunk) [Financial Report](index=40&type=section&id=Item%2010.%20Financial%20Report) This chapter presents the unaudited H1 2022 financial report, including consolidated and parent company statements and detailed notes on accounting policies, financial items, and risks [Financial Statements](index=40&type=section&id=II.%20Financial%20Statements) H1 2022 consolidated financial statements show total assets of **3.39 billion Yuan**, total liabilities of **793 million Yuan**, and net profit of **190 million Yuan** Consolidated Financial Statements Key Data (As of June 30, 2022) | Indicator | Amount (Yuan) | | :--- | :--- | | **Balance Sheet (Period-end):** | | | Total Assets | 3,389,838,134.53 | | Total Liabilities | 793,220,960.60 | | Owners' Equity Attributable to Parent Company | 2,596,617,173.93 | | **Income Statement (2022 H1):** | | | Total Operating Revenue | 1,024,135,154.28 | | Total Profit | 158,593,552.19 | | Net Profit | 189,612,767.95 | | **Cash Flow Statement (2022 H1):** | | | Net Cash Flow from Operating Activities | -93,063,641.73 | | Net Cash Flow from Investing Activities | -50,655,684.77 | | Net Cash Flow from Financing Activities | -35,785,353.24 | [Significant Accounting Policies and Estimates](index=59&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details key accounting policies and estimates, including revenue recognition, financial instrument impairment, inventory valuation, long-term equity investments, and R&D expensing - **Revenue Recognition**: Revenue is recognized when the customer obtains control of the related goods or services, primarily at a point in time[380](index=380&type=chunk)[390](index=390&type=chunk) - **Financial Instrument Impairment**: Loss provisions are recognized for receivables based on expected credit losses; for accounts receivable without significant financing components, expected credit losses are measured over the entire lifetime[290](index=290&type=chunk)[303](index=303&type=chunk) - **Research and Development Expenses**: Expenditures in both the research and development phases are expensed as incurred and are not capitalized[355](index=355&type=chunk)[358](index=358&type=chunk) [Notes to Consolidated Financial Statement Items](index=83&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) Detailed notes on consolidated financial statement items include accounts receivable, inventory, and deferred tax assets, along with other key balance sheet components - The top five customers for accounts receivable at period-end totaled **738 million Yuan**, accounting for **97.80%** of the total accounts receivable[459](index=459&type=chunk) - The book value of inventory at period-end was **478 million Yuan**, with an inventory impairment provision of **119 million Yuan**[489](index=489&type=chunk) - The company recognized deferred income tax assets of **46.7724 million Yuan** related to deductible temporary differences, as it expects to generate sufficient taxable income in future periods[573](index=573&type=chunk) [Financial Instrument Risks](index=144&type=section&id=X.%20Financial%20Instrument%20Risks) The company faces market (exchange rate, interest rate, price), credit, and liquidity risks, with exchange rate sensitivity analysis showing a **13.61 million Yuan** impact for every **5%** USD appreciation - **Exchange rate risk** is primarily related to USD, EUR, and SEK; sensitivity analysis indicates that a **5% appreciation** of the USD against the RMB would have a positive impact of approximately **13.61 million Yuan** on net profit[772](index=772&type=chunk)[785](index=785&type=chunk) - **Credit risk management** involves a dedicated department for credit limit determination and approval, and review of individual accounts receivable recovery to mitigate risk[777](index=777&type=chunk) [Share-based Payment](index=152&type=section&id=XIII.%20Share-based%20Payment) This section details the 2019 stock option and 2021 restricted stock incentive plans, including exercise price adjustments, share repurchases, and **9.14 million Yuan** in recognized expenses - **2019 Stock Option Incentive Plan**: Due to the 2020 equity distribution, the exercise price was adjusted from **5.25 Yuan/share** to **5.10 Yuan/share**[831](index=831&type=chunk) - **2021 Restricted Stock Incentive Plan**: Due to the departure of **4 incentive recipients**, **85,000 restricted shares** were repurchased and cancelled[834](index=834&type=chunk) - The total expense recognized for equity-settled share-based payments in this period was **9,138,358.21 Yuan**[836](index=836&type=chunk) [Commitments and Contingencies](index=155&type=section&id=XIV.%20Commitments%20and%20Contingencies) No significant commitments existed, but the company faced 374 investor lawsuits from prior false statements, resulting in a **6.13 million Yuan** provision for expected liabilities - Due to prior false statements, the company faces **374 investor compensation lawsuits**; based on adjudicated cases and legal opinions, the company recognized a related provision for liabilities with a period-end balance of **6,125,498.54 Yuan**[841](index=841&type=chunk)[843](index=843&type=chunk)

武汉凡谷电子技术股份有限公司 2022 年第一季度报告 证券代码：002194 证券简称：武汉凡谷 公告编号：2022-030 武汉凡谷电子技术股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记 载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季度报告中财 务信息的真实、准确、完整。 3、第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 本报告期 上年同期 本报告期比上年同期增减 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|-------------- ...

武汉凡谷电子技术股份有限公司 2021 年年度报告全文 武汉凡谷电子技术股份有限公司 Wuhan Fingu Electronic Technology Co., LTD. 2021 年年度报告 2022 年 03 月 1 武汉凡谷电子技术股份有限公司 2021 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人杨红、主管会计工作负责人范志辉及会计机构负责人(会计主管 人员)苏建军声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司存在国际贸易摩擦及新冠肺炎疫情风险、市场风险、原材料价格波动 风险、法律风险、汇率风险等，详细内容见本报告"第三节十一、（四）可能面 对的风险"。 公司经本次董事会审议通过的利润分配预案为：以未来实施利润分配方案 时股权登记日的总股本为基数，向全体股东每 10股派发现金红利0.50元（含税）， 送红股 0 股（含税），不以公积金转增股本。 2 武汉凡谷电子技术股份有限公司 202 ...

□ 是 √ 否 武汉凡谷电子技术股份有限公司 2021 年第三季度报告 证券代码：002194 证券简称：武汉凡谷 公告编号：2021-051 武汉凡谷电子技术股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季度报告中财务信 息的真实、准确、完整。 3、第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|------------------------|------------------|---- ...