Group 1: Company Overview - The company focuses on the laser and optical communication sectors, providing crystals, precision optical components, and laser devices, positioned upstream in the industry [1] - In the first three quarters of 2021, the company's revenue and profit growth were around 30%, driven by downstream market demand [1] Group 2: Market Position and Product Pricing - The company has stable pricing and gross margins for crystal products, while optical and device products experience significant price fluctuations due to market competition [1] - Market shares for structural crystal components, precision optical components, and laser devices are approximately 50%, 30%, and 20% respectively [1] - Core products LBO and BBO have a market share of 70%-80%, while the market share for optical and laser devices remains relatively low [2] Group 3: Sales and Marketing Strategy - Sales expenses are primarily composed of salaries and advertising costs, with reduced expenses due to the shift from in-person to online interactions during the pandemic [2] - The company is actively tracking emerging markets like AR/VR and laser radar, focusing on developing optical components in collaboration with clients, although large-scale production is not yet realized [2] Group 4: Production Capacity and Future Plans - The company's production capacity is currently saturated, prompting the initiation of a second-phase expansion project, expected to take 2-3 years for completion [2] - The company is negotiating to lease additional factory space to ensure current production is not affected during the expansion [2] Group 5: Shareholder Actions and Incentives - The major shareholder's reduction in holdings is primarily to meet funding needs for basic construction projects [2] - Currently, there are no stock incentive plans due to regulatory challenges, but the company provides performance-based incentives for key technical and management personnel [2]

Financial Performance - The company's operating revenue for Q3 2022 was ¥212,414,939.69, representing a year-on-year increase of 10.83%[4] - Net profit attributable to shareholders for the same period was ¥68,035,830.77, up 14.68% year-on-year[4] - The net profit after deducting non-recurring gains and losses reached ¥66,829,095.56, marking a 22.96% increase compared to the previous year[4] - The basic earnings per share for Q3 2022 was ¥0.1591, up 14.63% year-on-year[4] - The company's net profit attributable to shareholders increased to ¥725,865,573.81 from ¥603,036,516.24, a growth of 20.3%[24] - The net profit for the third quarter was CNY 198,521,095.36, an increase of 20.5% compared to CNY 164,839,642.50 in the same period last year[26] - The operating profit reached CNY 231,257,441.88, up from CNY 193,793,194.74, reflecting a growth of 19.3% year-over-year[26] - Total revenue from sales of goods and services was CNY 587,549,228.53, compared to CNY 463,629,508.86, indicating a growth of 26.8%[29] - The basic and diluted earnings per share were both CNY 0.4373, up from CNY 0.3759 in the previous year, representing a 16.3% increase[29] - The total comprehensive income for the period was CNY 198,521,095.36, compared to CNY 164,839,642.50, reflecting a growth of 20.5%[26] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,551,837,041.32, reflecting a 12.64% increase from the end of the previous year[4] - The company's total assets increased to ¥1,551,837,041.32 from ¥1,377,644,882.70, representing a growth of 12.6%[24] - Total liabilities reached ¥164,576,878.12, up from ¥119,980,814.86, which is an increase of 37.1%[20] - The company's equity attributable to shareholders was ¥1,342,595,291.89, a 10.07% increase from the previous year[4] - The equity attributable to shareholders of the parent company rose to ¥1,342,595,291.89 from ¥1,219,766,234.32, reflecting an increase of 10.1%[24] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was ¥195,619,719.15, showing a significant increase of 92.18%[4] - The net cash flow from operating activities increased by 92.18% to ¥195,619,719.15, primarily due to increased sales receipts[12] - The net increase in cash and cash equivalents was ¥52,313,637.67, a 219.68% increase, attributed to higher sales receipts and increased payments for equipment and dividends[12] - The company reported a net cash outflow from investing activities of CNY -76,583,503.87, compared to CNY -42,313,508.40 in the previous year[33] - The cash flow from financing activities resulted in a net outflow of CNY -70,945,012.27, compared to CNY -42,985,980.10 in the same period last year[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 44,116[12] - The largest shareholder, the Fujian Institute of Material Structure Research, holds 23.35% of the shares, totaling 99,806,217 shares[12] - The company distributed dividends of ¥69,044,997.02, a 53.83% increase compared to the previous year[12] - The cash paid to minority shareholders increased by 100% to ¥4,800,000.00, indicating higher dividend distributions from subsidiaries[12] Expenses and Costs - Total operating costs amounted to ¥381,844,815.81, up from ¥363,007,937.80, reflecting a year-over-year increase of 5.0%[24] - Research and development expenses were ¥52,550,069.86, compared to ¥44,136,523.41 in the previous year, indicating a growth of 18.9%[24] - The company reported a financial cost reduction, with financial expenses decreasing from -¥1,643,578.88 to -¥16,520,176.57, indicating improved financial management[24] Tax and Refunds - The company received tax refunds of ¥4,268,800.84, marking a 624.78% increase compared to the previous period[12] - The company received CNY 4,268,800.84 in tax refunds, compared to CNY 588,978.90 in the previous year, showing a significant increase[29] Other Financial Metrics - The weighted average return on net assets was 5.20%, an increase of 0.08 percentage points compared to the previous year[4] - The company experienced a 120.88% increase in lease liabilities, amounting to ¥12,059,080.54, due to new factory lease confirmations[8] - The impact of exchange rate changes on cash and cash equivalents was significant, with an increase of ¥4,222,434.66, a 3435.01% change due to substantial dollar appreciation[12] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets rose by 76.65% to ¥82,498,129.54, reflecting increased equipment procurement[12] - Accounts receivable rose to ¥266,424,034.61 from ¥183,532,363.82, marking a significant increase of 45.1%[17] - Inventory levels increased to ¥212,253,501.68 from ¥192,069,906.14, reflecting a rise of 10.5%[17]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥393,484,626.89, representing an increase of 11.48% compared to ¥352,954,485.44 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥118,918,226.80, up 17.33% from ¥101,351,833.70 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥113,848,167.61, reflecting a 15.81% increase from ¥98,309,037.96 in the same period last year[25]. - The net cash flow from operating activities was ¥106,343,509.43, a significant increase of 59.36% compared to ¥66,732,722.24 in the previous year[25]. - The basic earnings per share were ¥0.2782, up 17.33% from ¥0.2371 in the same period last year[25]. - The company achieved operating revenue of 393.48 million yuan, an increase of 11.48% compared to the same period last year[62]. - Net profit attributable to shareholders reached 118.92 million yuan, up 17.33% year-on-year[51]. - The net cash flow from operating activities was 106.34 million yuan, reflecting a significant increase of 59.36% compared to the previous year[62]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,470,264,997.13, an increase of 6.72% from ¥1,377,644,882.70 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥1,274,559,461.12, up 4.49% from ¥1,219,766,234.32 at the end of the previous year[25]. - The company's total liabilities increased to CNY 155,615,132.70 from CNY 119,980,814.86, marking an increase of about 29.7%[149]. - The total equity attributable to the owners of the parent company reached CNY 1,274,559,461.12, up from CNY 1,219,766,234.32, reflecting an increase of approximately 4.5%[149]. Market and Industry Insights - The global laser sales revenue increased from $13.77 billion in 2017 to $18.48 billion in 2021, with a compound annual growth rate (CAGR) of 7.63%[36]. - The Chinese laser market grew from $6.95 billion in 2017 to $12.9 billion in 2021, achieving a CAGR of 16.72%[36]. - The fiber laser market in China expanded from ¥2.86 billion in 2014 to ¥12.48 billion in 2021, with a CAGR of 23.43%, and is projected to reach ¥13.8 billion in 2022, a year-on-year growth of 10.58%[36]. Research and Development - The company has developed a robust R&D system, focusing on new product development and process optimization to meet market demands[45]. - Research and development expenses were 31.01 million yuan, showing a marginal increase of 0.01% year-on-year[62]. - Research and development expenses for the first half of 2022 were ¥31,008,276.79, slightly up from ¥31,005,113.63 in the same period of 2021, indicating a stable investment in innovation[159]. Risk Factors - The company faces risks from intensified market competition, which may lead to price wars affecting gross margins[80]. - The international business development may be impacted by changes in international trade policies, prompting the company to enhance domestic market efforts[81]. - Rising costs of raw materials and labor could increase operational costs, leading the company to optimize procurement processes and improve operational efficiency[82]. - The ongoing COVID-19 pandemic poses risks to business operations, prompting the company to strengthen communication with stakeholders and adhere to government policies[86]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[8]. - There were no significant changes in the board of directors or senior management during the reporting period[89]. - The company has not engaged in any major related party transactions during the reporting period[108]. Cash Flow and Investments - The cash inflow from operating activities for the first half of 2022 was CNY 388,842,161.18, an increase of 25.1% compared to CNY 310,816,562.32 in the first half of 2021[169]. - The cash outflow for investment activities was CNY 57,945,029.14, significantly higher than CNY 14,510,646.51 in the previous year, resulting in a net cash flow from investment activities of -CNY 52,407,866.05[172]. - The cash inflow from financing activities was CNY 1,000,000.00, while the cash outflow was CNY 54,747,920.35, leading to a net cash flow from financing activities of -CNY 53,747,920.35[172].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 20% in 2021, reaching a total revenue of 1.5 billion RMB[20]. - The company has set a performance guidance for 2022, projecting a revenue growth of 10% to 1.65 billion RMB[20]. - The company reported a net profit margin of 12% for the fiscal year 2021, indicating strong operational efficiency[20]. - The company achieved a total revenue of 688.70 million yuan, representing a growth of 26.03% compared to the previous year[82]. - The net profit attributable to shareholders reached 191.37 million yuan, an increase of 33.19% year-on-year[82]. - The basic earnings per share for 2021 was ¥0.4476, which is a 33.17% increase compared to ¥0.3361 in 2020[32]. - The total operating costs increased by 26.50% to ¥311.77 million, with raw materials and labor costs making up 32.54% of total operating costs[88]. - The company reported a total sales volume of 3,368,056 units, a decrease of 19.33% from 4,175,050 units in 2020[88]. Market Strategy and Expansion - The company is focusing on expanding its market presence, particularly in the Asia-Pacific region, aiming for a 15% increase in market share by 2023[20]. - The company is exploring potential acquisitions to diversify its product offerings, with a budget allocation of 200 million RMB for this purpose[20]. - The company aims to enhance its product system through the development of high-precision optical components for AR and VR applications[102]. - The company intends to expand its laser device business into related fields beyond just lasers[126]. - The company is actively addressing risk factors related to supply chain disruptions, implementing measures to mitigate potential impacts on production[20]. Research and Development - New product development includes the launch of a next-generation laser technology expected to increase production efficiency by 25%[20]. - The company has initiated a strategic partnership with a leading tech firm to enhance its R&D capabilities, targeting a 30% increase in innovation output over the next two years[20]. - The company invested in R&D for new products and quality improvements, collaborating with research institutions on key technology projects[80]. - The number of R&D personnel rose to 210 in 2021, a 10.53% increase from 190 in 2020[103]. - The research on the formation mechanism of RIG crystal defects is expected to accelerate technology development and improve product quality[102]. Operational Efficiency - The company has established a strict supplier management system to ensure the quality of raw materials and components, which is critical for maintaining production efficiency[63]. - The company adopts an order-based production model to meet diverse customer demands, converting customer orders into production plans based on specific requirements[64]. - The company has a strong market position, with its core crystal products, such as LBO and BBO, holding the number one global market share[67]. - The company has developed a reputation for high technology, quality, and service in the global laser industry, with its brand "CASTECH" recognized for excellence[67]. Risk Management - The company faces risks related to its upstream position in the industry chain, which may affect its market space and business development[69]. - The company is monitoring international trade policies and macroeconomic conditions to mitigate risks from changes in the international market[131]. - Rising costs of raw materials and labor are a concern, prompting the company to optimize procurement processes and improve operational efficiency[132]. - The ongoing COVID-19 pandemic poses risks to business operations, prompting the company to implement strict safety measures and maintain communication with stakeholders[134]. Corporate Governance - The company adheres to the principles of "fairness, justice, and openness" in information disclosure, ensuring timely and accurate reporting of significant information[149]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring complete operational autonomy[150]. - The company has a fully independent R&D, production, procurement, and sales system, demonstrating its capability to operate without reliance on the controlling shareholder[151]. - The company’s governance structure includes a shareholders' meeting, board of directors, and supervisory board, all operating independently[156]. - The company emphasizes transparency and communication with investors through various channels, enhancing its investor relations[149]. Leadership and Management - The company appointed Chen Qiuhua as Vice Chairman and General Manager on May 20, 2021, reflecting a leadership change[163]. - The board of directors saw the election of new members including Cai Dequan, Zhang Jian, and Wu Shaofan on May 20, 2021, indicating a restructuring[163]. - The company reported a significant turnover in management, with several key personnel, including independent directors, completing their terms on May 20, 2021[166]. - The management team includes professionals with backgrounds in engineering, finance, and law, ensuring a well-rounded approach to corporate governance[176]. Compensation and Remuneration - The total pre-tax remuneration for the chairman, Chen Hui, is 2.0124 million CNY[185]. - The total pre-tax remuneration for the vice chairman and general manager, Chen Qiuhua, is 2.0134 million CNY[185]. - The total pre-tax remuneration for the director and deputy general manager, Cai Dequan, is 1.2031 million CNY[185]. - The company has a performance-based remuneration system for directors and senior management, with base salaries paid monthly[185].

Financial Performance - The company's operating revenue for Q1 2022 was ¥197,670,219.14, representing a 19.89% increase compared to ¥164,876,864.87 in the same period last year[1] - Net profit attributable to shareholders was ¥52,649,419.26, up 14.69% from ¥45,905,421.14 year-on-year[1] - Basic and diluted earnings per share increased to ¥0.1232, a rise of 14.71% from ¥0.1074 in the same period last year[1] - The net profit for the current period is 55,004,027.07, an increase of 18.5% compared to 46,404,864.75 in the previous period[12] - The operating profit for the current period is 63,976,593.89, up from 54,425,848.16, reflecting a growth of 17.5%[12] - The total comprehensive income for the current period is 55,004,027.07, compared to 46,404,864.75 in the previous period, showing an increase of 18.5%[13] Cash Flow and Liquidity - The net cash flow from operating activities surged by 287.90%, reaching ¥55,991,952.38 compared to ¥14,434,483.30 in the previous year[1] - Cash and cash equivalents at the end of the period were ¥313,926,348.23, an increase from ¥293,485,364.88 at the beginning of the year, reflecting a growth of 6.19%[9] - The cash flow from operating activities net amount is 55,991,952.38, a substantial increase from 14,434,483.30 in the previous period[14] - The cash and cash equivalents at the end of the period amount to 311,873,015.34, an increase from 261,321,962.69 in the previous period[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,421,456,776.02, reflecting a 3.18% increase from ¥1,377,644,882.70 at the end of the previous year[1] - Total liabilities decreased to ¥113,588,681.11 from ¥119,980,814.86, a decline of 5.36%[11] - Accounts receivable increased to ¥222,148,004.89 from ¥183,532,363.82, representing a rise of 20.98%[9] - Non-current assets totaled ¥569,857,406.66, an increase from ¥554,950,855.80, reflecting a growth of 2.63%[10] Equity and Retained Earnings - The company's equity attributable to shareholders rose to ¥1,272,415,653.58, marking a 4.32% increase from ¥1,219,766,234.32 year-on-year[1] - The company's retained earnings rose to ¥655,685,935.50 from ¥603,036,516.24, marking an increase of 8.71%[11] - The total equity attributable to shareholders of the parent company increased to ¥1,272,415,653.58 from ¥1,219,766,234.32, reflecting a growth of 4.31%[11] Expenses - Total operating costs amounted to ¥134,013,069.33, up 20.56% from ¥111,110,260.86 in the prior period[11] - The company experienced a 63.68% rise in selling expenses, amounting to ¥3,041,663.77, primarily due to increased advertising and exhibition costs[4] - The research and development expenses for the current period are 16,273,925.84, up from 15,379,356.50, reflecting a growth of 5.8%[12] - The financial expenses have decreased to -108,990.79 from -914,834.43, indicating an improvement in financial management[12] Other Financial Metrics - The weighted average return on equity was 4.23%, slightly up by 0.03 percentage points from the previous year[1] - Non-recurring gains and losses totaled ¥1,052,917.82, with government subsidies and other income contributing significantly[2][3] - The company reported a net profit margin improvement, with net income figures to be detailed in future reports[11] - The total revenue from operating activities is 202,611,551.80, compared to 142,630,941.12 in the previous period, indicating a significant increase of 42.0%[13] - The total comprehensive income for the current period is 55,004,027.07, compared to 46,404,864.75 in the previous period, showing an increase of 18.5%[13] - The company reported a significant increase in prepayments by 30.88%, totaling ¥18,669,677.85 due to new raw material procurement[4]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥191,661,832.95, representing a 28.72% increase year-over-year[4] - Net profit attributable to shareholders was ¥59,328,413.67, up 38.32% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥54,351,292.01, reflecting a 27.71% increase year-over-year[4] - Total operating revenue for the third quarter reached ¥544,616,318.39, an increase of 29.3% compared to ¥421,257,010.07 in the same period last year[30] - Net profit attributable to the parent company was ¥160,680,247.37, up 31.5% from ¥122,258,207.75 year-over-year[32] - The company's total operating costs were ¥363,007,937.80, up 24.6% from ¥291,484,922.90 year-over-year[30] - Earnings per share (EPS) for the quarter was ¥0.3759, compared to ¥0.2860 in the same period last year, reflecting a growth of 31.3%[32] - The company reported a profit before tax of ¥193,050,463.49, up 31.0% from ¥147,240,984.48 year-over-year[32] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,346,527,223.84, an increase of 12.84% from the end of the previous year[4] - The total assets of the company reached CNY 1,346,527,223.84, compared to CNY 1,193,304,751.01 at the end of the previous year[22] - The company's total liabilities increased to ¥122,718,733.64, compared to ¥89,185,903.31 in the previous year, reflecting a growth of 37.5%[29] - The total equity attributable to shareholders reached ¥1,187,630,047.05, an increase of 11% from ¥1,069,699,799.68 year-over-year[29] - The company reported accounts receivable of CNY 230,457,140.46, up from CNY 139,626,519.79 in the previous year[20] - The company’s total liabilities included accounts payable of CNY 38,230,501.23, an increase from CNY 33,726,078.04 in the previous year[22] - The company’s long-term equity investments stood at CNY 50,914,854.31, slightly up from CNY 50,595,411.69 in the previous year[22] Cash Flow - The cash flow from operating activities for the year-to-date was ¥101,790,586.14, down 7.92% compared to the same period last year[4] - Operating cash inflow from business activities totaled ¥480,464,254.57, an increase from ¥415,393,947.27, representing a growth of approximately 15.6% year-over-year[36] - Net cash outflow from investment activities was ¥42,313,508.40, an improvement compared to ¥50,159,265.34 from the previous period[39] - Cash flow from financing activities resulted in a net outflow of ¥42,985,980.10, slightly better than the outflow of ¥44,264,652.14 in the prior period[39] - The net increase in cash and cash equivalents was ¥16,364,488.11, compared to an increase of ¥15,642,483.78 in the previous period[39] - The cash balance at the end of the period was ¥267,480,463.46, up from ¥209,536,663.30 at the end of the previous period, indicating improved liquidity[39] Investments and Expenses - Research and development expenses for the quarter were ¥44,136,523.41, representing a 23% increase from ¥35,847,388.01 in the same period last year[30] - The company experienced a 30.95% increase in cash paid for purchasing goods and services, totaling ¥160,200,324.97[12] - Cash paid for purchasing fixed assets and intangible assets was ¥46,701,754.80, an increase from ¥34,894,695.95, highlighting ongoing investment in infrastructure[39] Other Financial Information - The company reported a significant increase in accounts receivable by 65.05% due to increased sales[8] - The company experienced a foreign exchange loss of CNY -126,609.53, a decrease of 73.58% compared to the same period last year due to a lower depreciation of the US dollar[15] - The subsidiary paid dividends to minority shareholders totaling CNY 2,400,000.00, an increase of 50.00% compared to the previous period[15] - The company has implemented new accounting standards since January 1, 2021, affecting financial reporting[50] - The third quarter report for 2021 was unaudited[50] - The company maintains a capital reserve of 65,947,207.41[46] - The company has a significant amount of employee compensation payable at 30,604,184.32[46]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 352,954,485.44, representing a 29.59% increase compared to CNY 272,354,713.29 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 101,351,833.70, up 27.70% from CNY 79,367,562.35 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 98,309,037.96, reflecting a 43.91% increase from CNY 68,312,755.38 in the previous year[22]. - The net cash flow from operating activities was CNY 66,732,722.24, which is a 23.64% increase compared to CNY 53,973,895.82 in the same period last year[22]. - Basic earnings per share were CNY 0.2371, an increase of 27.68% from CNY 0.1857 in the previous year[22]. - The company's gross profit margin improved to 55.85%, an increase of 3.01% compared to the previous year[58]. - The overall comprehensive income for the first half of 2021 was ¥103,129,486.57, compared to ¥80,768,516.34 in the first half of 2020[162]. - The net profit for the first half of 2021 was CNY 102,362,540.71, an increase of 28.7% compared to CNY 79,542,452.36 in the same period of 2020[166]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,266,264,446.56, a 6.11% increase from CNY 1,193,304,751.01 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 1,128,301,633.38, up 5.48% from CNY 1,069,699,799.68 at the end of the previous year[25]. - Current liabilities rose to CNY 90,332,230.95, compared to CNY 76,927,450.57, reflecting an increase of approximately 17.3%[148]. - Total liabilities increased to CNY 104,166,112.29 from CNY 89,185,903.31, marking a growth of around 16.5%[148]. - Cash and cash equivalents at the end of the reporting period were ¥274,173,046.69, accounting for 21.65% of total assets, an increase from 21.20% at the end of the previous year[65]. - Accounts receivable reached ¥226,560,888.31, making up 17.89% of total assets, up from 11.70% the previous year[65]. - Inventory stood at ¥168,964,467.71, accounting for 13.34% of total assets, down from 15.50% last year[65]. Research and Development - Research and development expenses increased by 34.02% to CNY 31.01 million, driven by higher labor and material costs[55]. - The company has a strict supplier management system and emphasizes R&D investment to enhance its research capabilities[38]. - The company plans to enhance R&D investment and focus on high value-added product markets to mitigate risks from intensified market competition[78]. - The company is actively expanding its market presence and enhancing its R&D capabilities through collaborations with research institutions[51]. Market and Business Strategy - The main business of the company remains unchanged, focusing on the research, production, and sales of laser and optical communication components[30]. - The company has established a comprehensive product system, providing a one-stop service for laser customers with crystal, optical, and laser device products[34]. - The company has established good cooperative relationships with major industrial clients, enhancing its reputation in the industry[42]. - The company maintains a strong brand presence in the global laser industry, recognized for high technology and quality products[48]. - The company has established a comprehensive marketing strategy focusing on one-stop service for crystals, optics, and devices, leading to strong customer loyalty[49]. Risk Management - The management highlighted the importance of understanding the risks associated with forward-looking statements and the potential differences between plans, forecasts, and commitments[6]. - The company aims to strengthen communication with customers and increase efforts in the domestic market to counteract risks from international trade policy changes[81]. - The company's export revenue accounts for over 40%, primarily denominated in USD, making it susceptible to exchange rate fluctuations[83]. - The company plans to strengthen the collection of foreign receivables and increase domestic market development to mitigate the impact of RMB exchange rate volatility[83]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total number of shares is 427.5 million, with 98.93% being unrestricted shares[120]. - The total number of ordinary shareholders at the end of the reporting period was 63,827, with the largest shareholder, the Chinese Academy of Sciences Fujian Institute of Material Structure Research, holding 24.80% of shares[128]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[90]. Corporate Governance - The company completed the election of the sixth board of directors and the sixth supervisory board on May 20, 2021, following the annual general meeting[118]. - The financial report was approved by the board of directors on August 20, 2021, and includes three subsidiaries[198]. - The company has not experienced any significant litigation or arbitration matters during the reporting period[104]. - There are no non-operating fund occupations by controlling shareholders or related parties reported during the period[98].

证券代码：002222 证券简称：福晶科技 公告编号：2021-014 | --- | --- | |-------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------| | 关于参加 2021 | 福建福晶科技股份有限公司 年度福建上市公司投资者网上集体接待日活动的公告 | | 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 | | 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司情 况，本公司将参加由福建证监局与福建省上市公司协会、深圳市全景网络有限公司 举办的"2021 年度福建上市公司投资者网上集体接待日活动"。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 平台采取网络远程的方式举行，投资者可以登录"全景网投资者关系 ...

Financial Performance - Revenue for 2020 reached 546.46 million yuan, a year-on-year increase of 9.04%[19] - Net profit attributable to shareholders was 143.68 million yuan, up 6.81% compared to 2019[19] - Operating cash flow surged by 45.93% to 154.92 million yuan in 2020[19] - Basic earnings per share increased by 6.80% to 0.3361 yuan per share[21] - Diluted earnings per share also increased by 6.80% to 0.3361 yuan per share[21] - Weighted average return on equity decreased by 0.48 percentage points to 14.09%[21] - Total assets grew by 10.35% to 1,193,304,751.01 yuan[21] - Net assets attributable to shareholders increased by 10.37% to 1,069,699,799.68 yuan[21] - Quarterly revenue peaked in Q2 at 151,545,698.00 yuan[24] - Net profit attributable to shareholders was highest in Q2 at 46,581,844.82 yuan[24] - Revenue for the reporting period reached 546.46 million yuan, a year-on-year increase of 9.04%[57] - Net profit attributable to shareholders of the listed company was 143.68 million yuan, up 6.81% year-on-year[57] - Operating cash flow increased by 45.93% year-on-year to 154.92 million yuan[57] - Total operating revenue increased by 9.04% year-over-year to RMB 546,455,792.73, with the optoelectronics industry accounting for 100% of the revenue[59] - Gross margin improved by 1.33 percentage points to 54.90%, driven by a 9.04% increase in operating revenue and a 5.93% rise in operating costs[59] - Sales volume increased by 4.44% to 4,175,050 units, while production volume rose by 19.60% to 2,569,817 units[62] - Inventory decreased significantly by 52.02% to 1,480,302 units, primarily due to the sale of low-cost, high-volume bonded products from previous periods[62] - Revenue from laser devices increased by 43.79% to RMB 107,659,145.41, with a gross margin of 28.20%[60] - Revenue from precision optical components grew by 7.33% to RMB 160,638,332.34, with a gross margin of 45.17%[60] - Sales expenses decreased by 9.99% year-over-year to 9,761,325.52 yuan[71] - Management expenses increased by 11.09% year-over-year to 73,402,811.40 yuan[71] - Financial expenses surged by 276.38% year-over-year to 2,087,921.72 yuan due to RMB appreciation[71] - R&D expenses increased by 3.69% year-over-year to 56,097,150.90 yuan[71] - Net cash flow from operating activities increased by 45.93% year-over-year to 154,922,817.49 yuan[76] - Net cash flow from investing activities decreased by 42.22% year-over-year to -51,407,135.40 yuan[76] - Net increase in cash and cash equivalents surged by 108.88% year-over-year to 57,221,795.83 yuan[76] - Total investment in 2020 increased by 180.98% year-over-year to 25,288,178.16 yuan[85] Dividend Distribution - The company plans to distribute a cash dividend of 1 yuan per 10 shares, totaling 42.75 million yuan[7] - The company's total share capital is 427.5 million shares[7] - The company's 2019 profit distribution plan is to distribute a cash dividend of 1.00 yuan per 10 shares (tax included) based on the total share capital of 427,500,000 shares at the end of 2019, totaling 42,750,000.00 yuan (tax included)[122] - The 2020 profit distribution proposal (subject to shareholder approval) is to distribute a cash dividend of 1.00 yuan per 10 shares (tax included) based on the existing total share capital of 427,500,000 shares, totaling 42,750,000.00 yuan (tax included)[122] - In 2020, the cash dividend distribution was 42,750,000.00 yuan (tax included), accounting for 29.75% of the net profit attributable to the company's ordinary shareholders[122] - In 2019, the cash dividend distribution was 42,750,000.00 yuan (tax included), accounting for 31.78% of the net profit attributable to the company's ordinary shareholders[122] - In 2018, the cash dividend distribution was 42,750,000.00 yuan (tax included), accounting for 28.42% of the net profit attributable to the company's ordinary shareholders[122] - The company's 2020 profit distribution plan includes a cash dividend of 1.00 yuan per 10 shares (tax included) based on the existing total share capital of 427,500,000 shares, totaling 42,750,000.00 yuan (tax included)[126] - The company's cash dividend distribution in 2020 accounted for 29.75% of the net profit attributable to the company's ordinary shareholders[126] - The company's cash dividend distribution in 2019 accounted for 31.78% of the net profit attributable to the company's ordinary shareholders[126] - The company's cash dividend distribution in 2018 accounted for 28.42% of the net profit attributable to the company's ordinary shareholders[126] - The company's 2020 profit distribution plan is in line with the company's development stage and significant capital expenditure arrangements, with cash dividends accounting for at least 40% of the total profit distribution[126] Business Operations - The company's main subsidiaries include Huajing Investment, Haitai Optoelectronics, and Ruichuang Optoelectronics[13] - The company's main business focuses on laser and optical communication applications[32] - Products are used in solid-state lasers, fiber lasers, and optical communication systems[35] - Domestic business grew by 30.75% year-on-year, accounting for 55.10% of total revenue, up 9.15 percentage points[55] - Overseas business declined by 9.42% year-on-year, accounting for 44.90% of total revenue, down 9.15 percentage points[55] - Revenue from crystal components, precision optical components, and laser devices increased by 7.97%, 7.33%, and 43.79% respectively[55] - Revenue from nonlinear optical crystal components grew by 14.12% to RMB 202,582,096.55, representing 37.07% of total revenue[59] - Domestic sales surged by 30.75% to RMB 301,098,528.40, accounting for 55.10% of total revenue, while international sales declined by 9.42% to RMB 245,357,264.33[59] - The top five customers contributed RMB 111,272,814.03, accounting for 20.36% of total annual sales, with no related party transactions[67] - The top five suppliers accounted for 31.90% of total annual procurement, with no related party transactions[68] - Total procurement from the top five suppliers amounted to 42,173,052.03 yuan, accounting for 31.90% of total procurement[70] - The laser industry has a mature supply chain, with upstream crystal materials and optoelectronic components, midstream laser manufacturing, and downstream laser equipment and applications[101] - The company's main business is in the upstream of the laser industry, producing core components for laser manufacturing, including crystal elements, precision optical components, and laser devices[104] - The laser industry is moving towards higher power, higher beam quality, higher reliability, and lower cost, driving demand for advanced laser materials and electronic components[104] - The company has accumulated extensive experience in crystal material growth, optical processing, device synthesis, marketing, technical services, and business management, forming a complete product supply capability in crystals, optics, and devices[105] - The company aims to become the best supplier of components in the global laser and optical communication fields, focusing on high-cost-performance products and comprehensive solutions[106] - In 2021, the company plans to improve the quality and yield of crystal products, accelerate the development of new magneto-optical and laser crystal materials, and promote automated processing and testing processes[109] - The company will focus on developing non-spherical, large-diameter flat and grating products in the precision optics business, and actively explore the industrial AR and laser radar markets[109] - The company will continue to improve the development of magneto-optical, acousto-optic, and electro-optic series products in the laser device business, and actively develop new customers[109] - The company will strengthen the construction of ISO9001, ISO14001, ISO45001, and IATF16949 management systems to ensure annual audits and improve overall enterprise management[109] - The company faces risks of declining product prices due to intensified market competition, especially in the precision optics and laser device businesses[110] - The company will increase R&D investment, focus on high-value-added products, improve production processes, and strengthen cost control to enhance competitiveness[110] - The company's export revenue accounts for about 45% of total revenue, mainly priced in USD, making it susceptible to exchange rate fluctuations[115] - The company will strengthen the collection of foreign sales receivables and increase domestic market development to mitigate the impact of exchange rate fluctuations[115] Subsidiaries and Investments - Wuhan Hari Laser Co., Ltd. invested RMB 17,788,178.16, holding a 4.21% stake, with the investment completed and no litigation involved[86] - Wuhan Hari Laser's business scope includes R&D, production, and sales of solid-state semiconductor pump lasers and laser precision processing equipment, excluding medical devices[88] - Wuhan Hari Laser's shareholders include Wuhan Huagong Laser Engineering Co., Ltd., Xu Jinlin, and other entities, with the company's initial 5% stake diluted to 4.21% due to a management team capital increase[88] - Qingdao Haitai Optoelectronics Technology Co., Ltd., a subsidiary, reported total assets of RMB 118,619,588.60 and net profit of RMB 22,609,506.61[95] - Fujian Ruichuang Optoelectronics Technology Co., Ltd., a subsidiary, reported a net loss of RMB 2,222,631.84[95] - Fujian Huajing Investment Co., Ltd., a wholly-owned subsidiary, reported total assets of RMB 19,822,014.57 and a net loss of RMB 177,985.43[95] Corporate Governance and Shareholders - The company's registered address is at Fuzhou Software Park, Fuzhou, China[13] - The company's website is www.castech.com, and its email is securities@castech.com[15] - The company's auditor is Da Hua Certified Public Accountants[18] - The company's stock code is 002222, listed on the Shenzhen Stock Exchange[13] - No changes in the scope of consolidated financial statements compared to the previous year[136] - The company has appointed Da Hua Certified Public Accountants (Special General Partnership) as its domestic accounting firm, with a remuneration of RMB 700,000 and a continuous service period of 2 years[137] - No major litigation or arbitration matters occurred during the reporting period[138] - No penalties or rectifications were imposed on the company during the reporting period[139] - The company did not implement any equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[142] - No significant related-party transactions related to daily operations, asset or equity acquisitions, or joint investments occurred during the reporting period[143][144][145] - The company's total share capital remained unchanged at 427,500,000 shares, with 98.93% being unrestricted shares[169] - The company donated a total of RMB 330,000 for poverty alleviation efforts in 2020, including contributions to education and social welfare[160][161] - The company is not listed as a key pollutant discharge unit by environmental protection authorities[164] - No significant events occurred in the company's subsidiaries during the reporting period[165] - The total number of ordinary shareholders at the end of the reporting period was 50,379, with 51,427 shareholders at the end of the previous month before the annual report disclosure[173] - The largest shareholder, the Fujian Institute of Research on the Structure of Matter, Chinese Academy of Sciences, holds 25.10% of the shares, totaling 107,295,474 shares[173] - Central Huijin Asset Management Co., Ltd. holds 1.31% of the shares, totaling 5,608,500 shares[173] - Li Xiaofei, an individual shareholder, holds 0.93% of the shares, totaling 3,956,793 shares[173] - The Basic Pension Insurance Fund 801 Portfolio holds 0.61% of the shares, totaling 2,599,945 shares[173] - Chen Yaping, an individual shareholder, holds 0.60% of the shares, totaling 2,545,900 shares[173] - Chen Hui, an individual shareholder, holds 0.56% of the shares, totaling 2,374,198 shares, with a decrease of 791,399 shares during the reporting period[173] - Hu Xuekun, an individual shareholder, holds 0.53% of the shares, totaling 2,248,800 shares[173] - Huangfu Ling, an individual shareholder, holds 0.51% of the shares, totaling 2,195,650 shares[173] - Xie Fali, an individual shareholder, holds 0.49% of the shares, totaling 2,073,919 shares, with a decrease of 691,307 shares during the reporting period[173] - Chairman Chen Hui reduced his shareholding by 791,399 shares, representing a 25% decrease from the initial holding of 3,165,597 shares[186] - Vice Chairman Xie Fali reduced his shareholding by 691,307 shares, representing a 25% decrease from the initial holding of 2,765,226 shares[186] - The total shareholding of directors, supervisors, and senior management decreased by 1,482,706 shares, representing a 24.3% decrease from the initial total of 6,100,002 shares[186] - Lan Guozheng resigned as a director on September 3, 2020, due to work-related reasons[188] - Zhang Yunfeng resigned as a director on January 19, 2021, due to work-related reasons[188] - Liao Hongping was appointed as Vice President on April 16, 2020[188] - Chen Hui, the Chairman, holds a dual bachelor's degree in Laser Physics and Law from Tsinghua University and has extensive experience in the technology and management sectors[189][191] - Xie Fali, the Vice Chairman, holds a master's degree and has a strong background in sales and development within the company[191] - Chen Qiuhua, the General Manager, has been with the company since 1993 and has held various positions including sales and management roles[191] - Hong Maochun, a director, is a member of the Chinese Academy of Sciences and has a distinguished career in research and development[192] - Chen Qiuhua serves as the General Manager of the company[197] - Cai Dequan, born in February 1967, holds a university degree and has been the Vice President and Board Secretary since May 2009[197] - Guo Zonghui, born in October 1971, is the CFO and has been with the company since July 2003[197] - Zhang Xing, born in December 1975, has been the Vice President since May 2018 and previously served as the Sales Director[197] - Liao Hongping, born in September 1973, has been the Vice President since April 2020 and previously served as the Production Director and Optical Division Director[198] Assets and Liabilities - Construction in progress decreased by 59.24% compared to the beginning of the year, mainly due to transfer to fixed assets[42] - Monetary funds increased by 30.47% compared to the beginning of the year, driven by increased revenue and good payment collection[42] - Other non-current financial assets increased by 75.56% compared to the beginning of the year, mainly due to the acquisition of Wuhan Huari equity[42] - Accounts receivable increased by 42.88% compared to the beginning of the year, mainly due to increased use of electronic commercial bills by customers[42] Government Subsidies and Non-Recurring Gains - Government subsidies contributed 14,683,889.28 yuan to non-recurring gains[29]

Financial Performance - The company's operating revenue for Q1 2021 was ¥164,876,864.87, representing a 36.48% increase compared to ¥120,809,015.29 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2021 was ¥45,905,421.14, up 40.02% from ¥32,785,717.53 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥45,174,829.43, reflecting a 55.45% increase from ¥29,060,323.42 in the previous year[7]. - Basic earnings per share for Q1 2021 was ¥0.1074, a 40.03% increase from ¥0.0767 in the same period last year[7]. - The company reported a net profit increase, with undistributed profits rising to CNY 469,234,643.81 from CNY 425,176,439.41, an increase of about 10.4%[39]. - The company's net profit for the current period is 46,404,864.75, an increase of 38.2% compared to 33,567,082.08 in the previous period[41]. - Operating income reached 144,638,123.18, up from 107,824,621.38, reflecting a growth of 34.2% year-over-year[43]. - The total profit for the current period is 54,493,324.36, which is a 38.5% increase from 39,326,255.89 in the previous period[41]. Cash Flow - The net cash flow from operating activities was ¥14,434,483.30, which is a 42.51% increase compared to ¥10,129,051.78 in the same period last year[7]. - The net cash flow from operating activities for the current period is CNY 14,434,483.30, an increase of 42.8% compared to CNY 10,129,051.78 in the previous period[46]. - Cash inflow from operating activities totaled CNY 122,896,987.35, compared to CNY 106,559,990.02, marking a 15.3% increase[47]. - Total cash outflow from operating activities is CNY 128,196,457.82, up from CNY 109,233,157.18, reflecting a 17.4% increase[46]. - The net cash flow from investing activities is CNY -5,294,587.68, an improvement from CNY -22,579,436.63 in the previous period[46]. - The net cash flow from financing activities is CNY -10,853.48, compared to CNY 199,939.96 in the previous period, indicating a shift in financing strategy[46]. - The ending balance of cash and cash equivalents is CNY 261,321,962.69, up from CNY 181,718,515.85, representing a 43.9% increase[46]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,227,281,211.83, representing a 2.85% increase from ¥1,193,304,751.01 at the end of the previous year[7]. - The total liabilities decreased to CNY 60,209,830.61 in the first quarter of 2021 from CNY 70,581,669.49 in the previous year, showing a reduction of about 14.5%[39]. - The total equity attributable to shareholders increased to CNY 1,067,562,061.34 from CNY 1,023,503,856.94, marking an increase of approximately 4.3%[39]. - The company's total assets as of March 31, 2021, amounted to CNY 1,127,771,891.95, compared to CNY 1,094,085,526.43 at the end of 2020, reflecting a growth of approximately 3.1%[36]. Expenses - Research and development expenses rose by 46.64% to ¥15,379,356.50, reflecting increased investment in R&D activities[16]. - The company's management expenses rose to 20,956,205.90, up from 13,795,115.52, which is an increase of 52.1%[41]. - The company reported a 99.54% increase in taxes payable, totaling ¥10,238,670.31, primarily due to increased corporate income tax and VAT[16]. - The company's tax expenses increased to 8,088,459.61 from 5,759,173.81, which is a rise of 40.3%[41]. - Financial expenses decreased by 44.27% to -¥914,834.43, mainly due to reduced exchange losses[16]. - The financial expenses showed a reduction, with a net of -914,834.43 compared to -1,641,416.44, improving by 44.3%[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,427[12]. - Net assets attributable to shareholders at the end of the reporting period were ¥1,115,605,220.82, up 4.29% from ¥1,069,699,799.68 at the end of the previous year[7]. - The weighted average return on equity increased to 4.20%, up 0.87 percentage points from 3.33% in the same period last year[7].