证券代码：002199 证券简称：东晶电子 公告编号：2019066 浙江东晶电子股份有限公司 关于参加浙江辖区上市公司投资者网上集体 接待日活动的公告 本公司全体董事保证公告内容真实、准确和完整，并对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 为进一步加强与投资者的沟通交流，浙江东晶电子股份有限公司（以下简称 "公司"）将参加由中国证券监督管理委员会浙江监管局指导、浙江上市公司协 会与深圳市全景网络有限公司共同举办的"沟通促发展 理性共成长"辖区上市 公司投资者网上集体接待日主题活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与 公司本次投资者网上接待日活动。活动时间为 2019 年 11 月 5 日（星期二）下午 15:30-17:00。 届时公司董事长兼总经理王皓先生、董事会秘书陈坤先生、财务总监胡静雯 女士将通过网络在线交流形式与投资者就公司治理、经营状况等投资者关注的问 题进行沟通。（如有特殊情况，参与人员可能会有调整） 欢迎广大投资者积极参与。 特此公告 ...

Financial Performance - The company's operating revenue for the first half of 2019 was ¥93,506,690.58, a decrease of 2.95% compared to ¥96,350,354.64 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥11,310,499.51, representing a decline of 9.10% from -¥10,367,340.82 in the previous year[18]. - The net cash flow from operating activities was -¥374,843.72, a significant decrease of 102.44% compared to ¥15,379,082.13 in the same period last year[18]. - The basic earnings per share were -¥0.0465, down 9.15% from -¥0.0426 in the same period last year[18]. - The diluted earnings per share were also -¥0.0465, reflecting the same percentage decrease of 9.15%[18]. - The weighted average return on net assets was -3.01%, a decline of 0.73% compared to -2.28% in the previous year[18]. - The company reported a gross profit margin of -18.8% for the first half of 2019, compared to -8.8% in the same period of 2018[131]. - The total comprehensive loss for the first half of 2019 was CNY 11,310,499.51, compared to a loss of CNY 10,367,340.82 in the same period of 2018[132]. Assets and Liabilities - Total assets at the end of the reporting period were ¥518,326,237.17, an increase of 8.39% from ¥478,193,288.51 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 2.96% to ¥370,442,039.67 from ¥381,752,539.18 at the end of the previous year[18]. - Total liabilities rose to CNY 147,884,197.50, compared to CNY 96,440,749.33, marking an increase of 53.3%[123]. - The company's total assets reached CNY 518,326,237.17, up from CNY 478,193,288.51, indicating a growth of 8.4%[123]. - The total equity attributable to the parent company at the end of the current period is CNY 370,442,039.67[149]. Cash Flow - The net cash flow from investment activities for the first half of 2019 was 3,950,981.04, recovering from a negative cash flow of -46,515,091.91 in the same period of 2018[139]. - The total cash inflow from investment activities in the first half of 2019 was 178,836,815.18, a substantial increase from 427,087.38 in the first half of 2018[139]. - The cash flow from financing activities in the first half of 2019 was -263,709.09, slightly improved from -268,290.91 in the same period of 2018[139]. - The company reported a net increase in cash and cash equivalents of 3,312,428.23 in the first half of 2019, contrasting with a decrease of -31,404,300.69 in the same period of 2018[140]. Research and Development - The company continued to invest in R&D, with R&D expenses amounting to RMB 6.25 million, a decrease of 4.50% from RMB 6.55 million in the previous year[36]. - The company aims to strengthen its research and development efforts to maintain its competitive edge in the quartz crystal component industry[62]. - The company plans to enhance its R&D projects by conducting feasibility analyses to align with market demands and improve the compensation and incentive mechanisms for R&D personnel[63]. Market and Sales - The company maintained stable production and sales of quartz crystal components despite market pressures, with a focus on enhancing R&D and market expansion in response to the accelerating 5G commercialization[33]. - The revenue from the resonator product line was RMB 90,137,846.63, accounting for 96.40% of total revenue, with a year-on-year decrease of 2.19%[38]. - Domestic sales increased by 2.23% to RMB 66,779,543.96, representing 71.42% of total revenue, while foreign sales decreased by 13.87% to RMB 26,727,146.62, accounting for 28.58%[38]. Corporate Governance - The company has no major related party transactions during the reporting period[76]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[49]. - The company has not reported any significant securities or derivative investments during the reporting period[51][52]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[67]. Future Outlook - The company expects a net profit of between 4 million and 24 million RMB for the first three quarters of 2019, a turnaround from a net loss of 18.279 million RMB in the same period of 2018[60]. - The net profit for Q3 2019 is projected to be between 15 million and 35 million RMB, compared to a net loss of 7.91 million RMB in Q3 2018[60]. - The company plans to enhance its product innovation and competitiveness to mitigate market risks due to economic downturns and increased competition[61]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 19,407[103]. - The largest shareholder, Beijing Qianshi Chuangfu, holds 14.80% of the shares, totaling 36,036,036 common shares[104]. - The company has no controlling shareholder or actual controller as of June 10, 2019[105][107]. Compliance and Regulations - The financial report for the first half of 2019 was not audited[118]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[167]. - The company has not initiated any poverty alleviation work during the reporting period[91].

Financial Performance - The company's operating revenue for Q1 2019 was ¥44,482,375.26, representing a decrease of 8.30% compared to ¥48,506,773.50 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥4,964,363.92, an improvement of 23.16% from a loss of ¥6,460,618.60 in the previous year[7]. - The basic and diluted earnings per share were both -¥0.0204, showing an improvement of 23.02% from -¥0.0265 in the same period last year[7]. - The weighted average return on equity was -1.31%, slightly improved from -1.41% in the previous year[7]. - The estimated net profit for the first half of 2019 is projected to be between -15 million and -5 million RMB, compared to a net profit of -10.37 million RMB in the same period of 2018, indicating continued operational losses[22]. - The net profit for the first quarter of 2019 was -1,249,191.01 CNY, compared to -774,697.03 CNY in the same period last year, indicating a decline in profitability[46]. - The basic and diluted earnings per share were both -0.0051 CNY, worsening from -0.0032 CNY year-over-year[46]. - The company reported a total comprehensive income of -1,249,191.01 CNY for the quarter, reflecting ongoing challenges in financial performance[46]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 362.75%, reaching ¥6,228,227.11 compared to ¥1,345,917.64 in the same period last year[7]. - Cash flow from operating activities increased by 362.75% to ¥6,228,227.11 compared to the same period last year[18]. - Cash inflows from operating activities totaled 40,210,326.31 CNY, an increase from 37,092,355.30 CNY in the previous year[49]. - The net cash flow from operating activities was 6,228,227.11 CNY, significantly higher than 1,345,917.64 CNY in the same quarter last year[49]. - The net increase in cash and cash equivalents was ¥4,671,171.24, a 141.77% increase, attributed to the recovery of advanced payments and reduced fixed asset acquisition payments[18]. - The company's cash and cash equivalents increased to 52.50 million RMB from 48.48 million RMB at the end of 2018, reflecting improved liquidity[32]. - The cash and cash equivalents at the end of the period increased to 45,642,340.94 CNY from 31,074,046.66 CNY year-over-year[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥526,612,679.61, which is a 10.13% increase from ¥478,193,288.51 at the end of the previous year[7]. - Total assets as of the end of Q1 2019 were CNY 485,224,634.44, an increase from CNY 476,543,564.40 at the end of the previous year[40]. - Total current liabilities increased to 144.27 million RMB from 90.74 million RMB, showing a significant rise in short-term obligations[34]. - Total liabilities for Q1 2019 amounted to CNY 46,529,928.06, up from CNY 36,599,667.01 in the same period last year[39]. - The total equity attributable to shareholders of the parent company decreased to 376.79 million RMB from 381.75 million RMB[35]. - The company's equity attributable to shareholders was CNY 381,752,539.18, reflecting a negative retained earnings of CNY -396,072,309.77[56]. Shareholder Information - The total number of shareholders at the end of the reporting period was 7,935, with the top ten shareholders holding significant stakes[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26]. Other Financial Metrics - The company reported non-operating income of ¥1,543,308.70, primarily from government subsidies and other income sources[8]. - Other income increased by 571.19% to ¥1,360,168.46, mainly due to an increase in government subsidies recognized in the current period[17]. - Research and development expenses for Q1 2019 were CNY 2,977,568.90, a decrease from CNY 3,236,741.47 in Q1 2018[41]. - The company reported a credit impairment loss of CNY -209,667.53 in Q1 2019, with no such loss reported in Q1 2018[41]. - The company has implemented new financial and leasing standards, resulting in adjustments to its financial statements[59].

Financial Performance - The company's operating revenue for 2018 was ¥177,279,579.06, a decrease of 23.63% compared to ¥232,126,182.22 in 2017[16] - The net profit attributable to shareholders was -¥78,628,823.43, representing a significant decline of 5,377.00% from a profit of ¥1,490,028.40 in the previous year[16] - The net cash flow from operating activities was ¥18,288,646.09, down 24.22% from ¥24,134,341.46 in 2017[16] - The total assets at the end of 2018 were ¥478,193,288.51, a decrease of 18.01% from ¥583,210,986.74 at the end of 2017[17] - The net assets attributable to shareholders decreased by 17.08% to ¥381,752,539.18 from ¥460,381,362.61 in 2017[17] - The basic earnings per share for 2018 was -¥0.32, a decline of 3,300.00% compared to ¥0.01 in 2017[16] - The weighted average return on net assets was -18.67%, down from 0.32% in the previous year[16] - The company reported a net loss of ¥78,628,823.43 for 2018, with significant asset impairment losses of ¥56,331,059.93[59][61] - The company's total operating costs decreased by 20.90% to ¥160.92 million in 2018, with resonators accounting for 97.12% of the total cost[49] Revenue and Sales - Total revenue for the year was approximately ¥177.28 million, with a quarterly breakdown of ¥48.51 million in Q1, ¥47.84 million in Q2, ¥39.93 million in Q3, and ¥41.00 million in Q4[21] - The net profit attributable to shareholders was a loss of ¥60.35 million in Q4, with total annual losses amounting to ¥78.27 million[21] - The total sales revenue for resonators in 2018 was approximately ¥171.53 million, representing an 8.89% increase compared to 2017, but a decline of 19.76% in the second half of the year[46] - Domestic sales amounted to ¥117.07 million, a 7.13% increase year-on-year, while foreign sales reached ¥60.21 million, reflecting a 13.30% increase[46] Research and Development - Research and development expenses increased by 52.51% year-on-year, accounting for a 3.54 percentage point increase in revenue proportion[30] - The company holds a total of 37 patents, including 7 invention patents and 30 utility model patents[30] - The company obtained 5 patents during the reporting period, including 4 invention patents and 1 utility model patent[37] - R&D investment amounted to ¥12,546,842.74 in 2018, a 52.51% increase from ¥8,226,788.41 in 2017, accounting for 7.08% of operating revenue[55] - The company is actively pursuing new product development, including projects for IoT and 5G communication applications, which are progressing smoothly[52] Market Position and Strategy - The company has established stable relationships with major clients such as Sony, Canon, and Samsung, enhancing its market position[31] - The company focused on high-margin product applications in 5G communications, IoT, and automotive electronics to expand market influence and share[36] - The company aims to enhance its market share in the quartz crystal component business by deepening its traditional advantages and developing potential customers based on new product applications[76] - The quartz crystal component industry is expected to benefit from the 5G technology rollout, with an estimated economic output of 10.6 trillion yuan directly driven by 5G commercialization from 2020 to 2025[73] Operational Efficiency - The company completed the layout of new and old production lines and optimized production processes, aiming to reduce manufacturing costs and improve delivery efficiency[36] - The company plans to strengthen its management efficiency and production capabilities to reduce costs and improve production processes[77] - The company is implementing new strategies to enhance operational efficiency, projected to reduce costs by 5% in the upcoming fiscal year[154] Risk Management - The company has acknowledged significant risks in its future development plans, which investors should be aware of[4] - The company faces market risks due to a relatively single product structure and increasing competition, which may adversely affect its business[79] - The company’s foreign sales accounted for 33.96% of its total revenue, exposing it to significant exchange rate risks, particularly with fluctuations in the USD/RMB exchange rate[80] - The company is exploring emerging business opportunities, including supply chain management, while being cautious of potential risks related to market, technology, and management[81] Corporate Governance - The company has committed to maintaining independence in its operations, assets, and finances, ensuring no conflicts of interest with controlling shareholders[91] - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholder[169] - The board of directors consists of seven members, including three independent directors, ensuring compliance with legal requirements[170] - The company has a clear policy for remuneration approval, requiring board and shareholder approval for executive compensation[158] Shareholder Information - The company’s total share capital is 243,442,363 shares, with 88.53% being unrestricted shares after the lifting of lock-up restrictions on executive shares[132] - The total number of shareholders at the end of the reporting period was 10,488, an increase from 7,935 at the end of the previous month[136] - Major shareholder Beijing Qianshi Chuangfu held 14.80% of shares, totaling 36,036,036 shares[137] - The company did not issue any new securities during the reporting period[135] Internal Control and Audit - The internal control self-assessment report indicated that 100% of the company's total assets and operating income were included in the evaluation scope[194] - The internal control audit report issued a standard unqualified opinion, confirming effective internal controls related to financial reporting as of December 31, 2018[196] - The audit report was signed on April 10, 2019, by Lixin Accounting Firm, with a standard unqualified opinion[200]

证券代码：002199 证券简称：东晶电子 公告编号：2019018 浙江东晶电子股份有限公司 关于举办投资者接待日活动的公告 本公司全体董事保证公告内容真实、准确和完整，并对公告的虚假记载、误导性 陈述或者重大遗漏负连带责任。 浙江东晶电子股份有限公司（以下简称"公司"）已于 2019 年 4 月 12 日发布了《2018 年年度报告》，为便于广大投资者深入全面地了解公司情况，公司将举办投资者接待日 活动，现将有关事项公告如下： 一、接待时间 2019 年 4 月 25 日（星期四）下午 13:00–15:00。 二、接待地点 浙江省金华市宾虹西路 555 号浙江东晶电子股份有限公司二楼会议室。 三、预约方式 参与投资者请于 2019 年 4 月 23 日（上午 9:00-11:00，下午 14:00-16:00）与公司董 事会办公室联系，以便接待登记和安排。 联系人：黄娉；联系电话：0579-89186668；传真号码：0579-89186677。 四、公司参与人员 董事长王皓先生、财务总监胡静雯女士、董事会秘书陈坤先生。（如有特殊情况， 参与人员可能会有所调整） 五、注意事项 1、来访个人投资者请携带个 ...

浙江东晶电子股份有限公司 2018 年第三季度报告正文 证券代码：002199 证券简称：东晶电子 公告编号：2018056 浙江东晶电子股份有限公司 2018 年第三季度报告正文 1 浙江东晶电子股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王皓、主管会计工作负责人胡静雯及会计机构负责人(会计主管 人员)胡静雯声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江东晶电子股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目，以及把《公 开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目，应 说明原因 3 浙江东晶电子股份有限公司 2018 年第三季度报告正文 □ 适用 √ 不适用 公 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥96,350,354.64, a decrease of 3.43% compared to ¥99,773,839.71 in the same period last year[16]. - The net profit attributable to shareholders was -¥10,367,340.82, representing a significant decline of 527.78% from -¥1,651,417.99 in the previous year[16]. - The company's revenue for the reporting period was ¥96,350,354.64, a decrease of 3.43% compared to the same period last year[30]. - The net profit attributable to shareholders was -¥1,036.73 million, a significant decrease of 527.78% year-on-year[30]. - Operating profit for the current period is -¥10,405,174.12, compared to -¥2,270,037.15 in the previous period, indicating a significant decline[126]. - Total comprehensive income for the current period is -¥10,367,340.82, compared to -¥1,651,417.99 in the previous period[127]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 167.83% to ¥15,379,082.13, compared to ¥5,742,171.84 in the same period last year[16]. - The company reported a cash flow from operating activities of ¥73,958,062.98, compared to ¥70,187,187.79 in the previous period[133]. - Cash and cash equivalents decreased from CNY 554,098.22 to CNY 66,646.49, a significant drop of approximately 88%[122]. - The company experienced a net decrease in cash and cash equivalents of -¥31,404,300.69 during the first half of 2018, compared to -¥111,339,350.72 in the same period last year[135]. - Cash and cash equivalents at the end of the period were ¥10,851,875.09, down from ¥60,607,464.50 at the end of the previous period, representing a decrease of approximately 82%[135]. Assets and Liabilities - Total assets at the end of the reporting period were ¥515,600,082.43, down 11.59% from ¥583,210,986.74 at the end of the previous year[16]. - The company's asset-liability ratio at the end of the reporting period was 12.72%, with long-term borrowings amounting to ¥509,100[30]. - The total current assets decreased from CNY 212,479,736.03 to CNY 160,442,060.42, a decline of about 24.5%[118]. - The company's total liabilities decreased from CNY 122,829,624.13 to CNY 65,586,060.64, a drop of approximately 46.5%[119]. - The equity attributable to shareholders decreased from CNY 460,381,362.61 to CNY 450,014,021.79, a decline of about 2.9%[120]. Market and Competition - The company faces intensified competition in the quartz crystal component industry, leading to price reductions by some manufacturers[23]. - The demand in the communications sector has been affected by the ZTE incident and ongoing US-China trade tensions[23]. - The company acknowledges the potential impact of the ongoing US-China trade tensions on its business operations and is prepared to respond to macroeconomic changes[54]. - The company faces risks from intensified market competition, rising raw material costs, and increasing labor expenses, which may impact performance stability[53]. Research and Development - Research and development expenses increased by 77.57% to ¥6,545,684.30, reflecting a focus on innovation and new product development[34]. - The company has obtained 36 patent authorizations, including 7 invention patents and 29 utility model patents[27]. Shareholder and Equity Changes - The actual controller of the company, Su Sitong, has resolved all debts related to the civil loan dispute and there are no remaining creditor-debtor relationships with the plaintiff[71]. - The actual controller of the company is set to change, with the transfer of significant equity interests to new investors[89]. - The largest shareholder, Beijing Qianshi Chuangfu, holds 14.80% of the total shares, amounting to 36,036,036 shares[99]. - The second-largest shareholder, Ningbo Meishan Free Trade Port Area Blue Ocean Investment Management Center, holds 10.02% with 24,399,453 shares[100]. Operational Strategy - The company plans to develop high-margin products in new application areas such as IoT and automotive electronics[31]. - The company plans to enhance cost control and optimize processes to maintain product profitability amidst pricing pressures[54]. - The company is focusing on improving its internal control systems and talent management to address human resource risks associated with rapid product structure adjustments[55]. - The company is prioritizing automation and process optimization to reduce labor costs and improve operational efficiency[55]. Compliance and Governance - The company is dedicated to maintaining compliance and transparency in its operations, as evidenced by its commitment to fulfilling various promises made during previous capital restructuring[60]. - The company has not undergone any bankruptcy restructuring during the reporting period[66]. - The company has not reported any significant contracts or their performance during the reporting period[78]. - The financial report for the first half of 2018 was not audited[115]. Inventory and Receivables - Accounts receivable increased to RMB 62,416,694.76 from RMB 59,366,571.78, indicating a growth of about 3.4%[117]. - Inventory levels rose significantly to RMB 60,087,488.61, compared to RMB 48,181,253.39 at the start of the period, reflecting an increase of approximately 24.7%[117]. Financial Reporting and Accounting Policies - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[156]. - The company has implemented specific accounting policies for bad debt provisions, inventory write-downs, and fixed asset depreciation[155]. - The company recognizes impairment losses for financial assets if there is objective evidence of impairment, particularly for available-for-sale financial assets and held-to-maturity investments[181].

Financial Performance - The company's revenue for Q1 2018 was ¥48,506,773.50, a decrease of 0.33% compared to ¥48,667,338.36 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥6,460,618.60, representing a decline of 742.10% from a profit of ¥1,006,164.99 in the previous year[8]. - Basic and diluted earnings per share were both -¥0.0265, a drop of 746.34% compared to ¥0.0041 in the same period last year[8]. - Operating profit turned negative at -¥6,504,986.34, a decline of 746.51% compared to the previous period, attributed to increased management and financial expenses[15]. - Total profit also turned negative at -¥6,460,618.60, a decrease of 742.10% due to rising management and financial costs[15]. - Net profit decreased by 742.10% to -¥6,460,618.60, primarily due to increased management and financial expenses[15]. - The company expects a net profit loss of between -16 million to 0 million CNY for the first half of 2018, compared to a net profit of -1.65 million CNY in the same period of 2017[24]. Cash Flow and Assets - The net cash flow from operating activities decreased by 64.75%, down to ¥1,345,917.64 from ¥3,818,494.77 year-on-year[8]. - Cash flow from operating activities decreased by 64.75% to ¥1,345,917.64, primarily due to a reduction in receivables[15]. - Cash and cash equivalents decreased by 33.35% to ¥43,492,372.68 due to the maturity of notes and payment for purchases[15]. - Total assets at the end of the reporting period were ¥553,110,762.47, a decrease of 5.16% from ¥583,210,986.74 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 1.40%, from ¥460,381,362.61 to ¥453,920,744.01[8]. - Accounts receivable decreased by 66.82% to ¥8,113,135.79 primarily due to the endorsement or collection of notes[15]. - Prepayments increased significantly by 1,570.00% to ¥3,234,174.82 mainly due to advance procurement payments[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,604[11]. - The top ten shareholders held a combined 14.80% of the shares, with the largest shareholder holding 36,036,036 shares[11]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[12]. Management and Expenses - The increase in management expenses is attributed to the establishment of a new office in Shanghai, the addition of new employees, and increased R&D investments[24]. - The company experienced foreign exchange losses due to currency fluctuations, which have worsened compared to the previous year[24]. - Investment cash outflow increased by 65.46% to ¥12,536,843.23, mainly due to new equipment purchases[16]. Compliance and Commitments - The company is committed to providing accurate and complete information disclosure as per its long-term commitments made in 2016[22]. - The company has made long-term commitments regarding compliance with laws and regulations related to its operations[22]. - The company has ongoing commitments to ensure the clarity of asset ownership and to regulate related party transactions[22]. - The company has not reported any overdue commitments during the reporting period[24]. - There are no reported violations regarding external guarantees during the reporting period[25]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26]. - The company has not engaged in any research, communication, or interview activities during the reporting period[27]. Non-Recurring Gains and Losses - Non-recurring gains and losses totaled ¥450,390.12, including government subsidies of ¥202,650.50 and investment income of ¥130,000.00[9]. Change in Control - The company plans to change its actual controller, with the new controller being Mr. Qian Jianrong after the transfer of equity interests[18].

Financial Performance - The company's operating revenue for 2017 was ¥232,126,182.22, a decrease of 9.74% compared to ¥257,167,035.31 in 2016[18] - The net profit attributable to shareholders of the listed company was ¥1,490,028.40, representing a significant decline of 90.80% from ¥16,196,748.14 in the previous year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥12,056,417.13, an improvement of 90.81% compared to -¥131,169,479.15 in 2016[18] - The net cash flow from operating activities was ¥24,134,341.46, a slight decrease of 3.06% from ¥24,896,811.74 in the previous year[18] - Basic earnings per share were ¥0.01, down 85.71% from ¥0.07 in 2016[19] - Total assets at the end of 2017 were ¥583,210,986.74, a decrease of 11.68% from ¥660,334,631.91 at the end of 2016[19] - The net assets attributable to shareholders of the listed company were ¥460,381,362.61, a slight increase of 0.32% from ¥458,891,334.21 in 2016[19] - The company reported a quarterly revenue of ¥63,976,906.55 in Q4 2017, with a net profit of ¥6,970,728.49 for the same period[23] - The total operating costs for 2017 were 203.45 million yuan, a reduction of 19.41% from 252.45 million yuan in 2016[36] - The total period expenses for 2017 were 34.11 million yuan, a significant decrease of 70.39% compared to 115.19 million yuan in 2016[36] Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6] - The largest shareholder, Blue Ocean Investment, increased its shareholding to 25.10% after acquiring an additional 12,165,253 shares[16] - The company reported a net profit of 1,490,028.40 yuan in 2017, with no cash dividends distributed to shareholders for the past three years[75] - The company has not proposed any cash dividend distribution or capital reserve transfer to share capital for the current year[75] - The company has not conducted any cash dividend distribution in the last three years, despite having positive distributable profits[75] Research and Development - The company has established a provincial-level technology research and development center, enhancing its research capabilities with 33 patents granted, including 3 invention patents[31] - In 2017, the company's R&D investment amounted to ¥8,226,788.41, a decrease of 41.36% compared to ¥14,028,675.69 in 2016[52] - The number of R&D personnel decreased to 58, down 17.14% from 70 in 2016, resulting in a reduction in the proportion of R&D personnel from 12.00% to 8.91%[52] - The company intends to increase investment in new product development and strengthen its R&D team to enhance product competitiveness and meet customer needs[67] Market Strategy - The company plans to seek new investment directions and partnerships to improve asset quality and explore new business areas[34] - The company emphasizes the development of miniaturized and high-value-added products to strengthen its market competitiveness[28] - The company anticipates continued growth in the demand for piezoelectric quartz crystal components due to the expansion of 4G and 5G communication networks, as well as the rise of smart terminal products and the Internet of Things[65] - The company plans to enhance its market share and profitability in the quartz crystal component sector by leveraging opportunities in communication intelligence and electronic industry upgrades[66] - The company will focus on customer and market-centric strategies to strengthen existing customer relationships and expand its domestic market presence[67] Operational Efficiency - The company has over 40 fully automated production lines, with an annual production capacity of 1 billion quartz crystal components[31] - The company has committed to improving automation and optimizing human resources to reduce labor costs[70] - The company aims to improve operational capabilities through market expansion, lean production, and technological breakthroughs, while optimizing its main business to increase contributions from key products[66] Financial Management - The company has committed to enhancing cost control and optimizing processes to maintain product profitability amidst pricing pressures[68] - The company aims to improve its internal control system and attract professional talent to address human resource risks associated with product development[70] - The company has implemented a structured decision-making process for its board and shareholder meetings, ensuring compliance and transparency[154] - The company has established a performance evaluation mechanism for senior management, linking compensation adjustments to the completion of annual operational goals[170] Governance and Compliance - The company has maintained compliance with all commitments made to minority shareholders, ensuring transparency and accountability[79] - The current auditor is Lixin Certified Public Accountants with an audit fee of 900,000 RMB and has been serving for 11 years[87] - The company has established a complete and independent governance structure, including a shareholders' meeting, board of directors, and supervisory board[159] - The company has not faced any penalties or rectification issues during the reporting period[89] - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[85] Employee Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 130.9 million CNY[147] - The company employed a total of 651 staff, with 402 in production, 156 in R&D, and 15 in sales[148][149] - The company has established a comprehensive salary management system and incentive mechanism to attract and retain talent[150] - The company actively conducts employee training to enhance staff quality and prepare talent reserves[151] Risks and Challenges - The company faces potential risks from macroeconomic slowdowns, intensified market competition, and fluctuations in raw material prices, which could impact performance stability[67] - The company faces risks from declining product prices due to increasing competition and rapid technological advancements in the quartz crystal component industry[68] - The company is focusing on market development targeting domestic sales to mitigate risks from foreign exchange fluctuations[70] Audit and Financial Reporting - The audit opinion issued was a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position and results of operations[178] - The audit identified key audit matters, including the recognition of revenue and the provision for inventory impairment, which were deemed significant for the financial statements[180] - The management is responsible for assessing the company's ability to continue as a going concern and for disclosing any relevant matters[184] - The total amount of inventory impairment provision reflects management's estimates regarding the net realizable value of inventory[182]

Financial Performance - Total assets decreased by 9.40% to ¥598,282,475.44 compared to the end of the previous year[8] - Operating revenue for the current period was ¥68,375,435.97, down 1.14% year-on-year, and down 13.06% year-to-date[8] - Net profit attributable to shareholders was -¥3,829,282.10, an increase of 85.21% compared to the same period last year, and a decrease of 93.83% year-to-date[8] - Basic earnings per share were -¥0.0157, an increase of 85.24% compared to the same period last year[8] - The weighted average return on net assets was -0.84%, a decrease of 5.66% compared to the same period last year[8] Cash Flow - The net cash flow from operating activities was ¥44,314,521.99, showing a significant increase of 318.60% year-to-date[8] - Operating cash flow net amount improved by 318.60% to ¥44.31 million, mainly due to the divestment of the underperforming sapphire segment[15] - Investment activities cash flow net amount improved by 49.88% to -¥58.54 million, due to subsidiary line upgrades and purchase of financial products[16] - Financing activities cash flow net amount decreased by 174.63% to -¥100.02 million, primarily due to repayment of loans[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,854[11] - The largest shareholder held 14.80% of the shares, amounting to 36,036,036 shares[11] - No repurchase transactions were conducted by the top ten shareholders during the reporting period[12] Asset Management - Cash and cash equivalents decreased by 66.44% to ¥57.70 million due to repayment of short-term and long-term loans and purchase of financial products[15] - Other current assets increased by 938.42% to ¥47.68 million, primarily due to the purchase of financial products[15] - Long-term equity investments decreased by 54.50% to ¥3.07 million, attributed to the capital reduction of Zhejiang Zhongxin Information Industry Park Co., Ltd.[15] - Other payables increased by 834.04% to ¥31.43 million, resulting from the sale of land and property to Zhejiang Dongjing Bolante Optoelectronics Co., Ltd.[15] Investment and Income - The company reported non-recurring gains and losses totaling ¥3,772,918.68, primarily from government subsidies[9] - The company reported a 765.14% increase in investment income to ¥425,914.95, mainly from returned investment funds and financial product returns[15] Tax and Charges - The company’s tax and additional charges increased by 187.95% to ¥2.71 million, primarily due to land use tax and property tax payments[15] Future Projections - The estimated net profit for 2017 is projected to be between -4 million to 4 million RMB, compared to a net profit of 16.1967 million RMB in 2016[24] - The decrease in net profit is attributed to costs incurred from equipment upgrades and production line modifications for miniaturized products, as well as a lack of significant asset disposals in 2017 compared to 2016[24] Compliance and Commitments - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[26] - There were no violations of external guarantees during the reporting period[25] - The company is committed to fulfilling its long-term promises regarding the accuracy and completeness of financial information provided[22] - The company has a history of fulfilling its commitments on time[22] - The company is focused on maintaining compliance with legal and regulatory standards in its operations[21] Operational Activities - The company has undertaken equipment upgrades to expand production capacity, which has led to increased costs[24] - The company has not conducted any research, communication, or interview activities during the reporting period[27] - The company has made commitments to avoid new or potential competition with its business operations[21]