Financial Performance - The company's operating revenue for the first half of 2022 was ¥756,304,868.14, representing an increase of 11.29% compared to ¥679,604,157.63 in the same period last year[21]. - The net loss attributable to shareholders was ¥37,583,867.72, a decrease of 49.21% from a loss of ¥25,188,522.36 in the previous year[21]. - The net cash flow from operating activities improved by 37.15%, amounting to -¥191,616,982.57 compared to -¥304,885,986.60 in the same period last year[21]. - The total assets at the end of the reporting period were ¥3,704,844,682.08, a decrease of 2.01% from ¥3,780,670,433.18 at the end of the previous year[21]. - The basic earnings per share were -¥0.07, a decline of 40.00% from -¥0.05 in the same period last year[21]. - The weighted average return on net assets was -2.13%, compared to -1.39% in the previous year[21]. - The net profit after deducting non-recurring gains and losses was -¥49,763,644.22, an increase in loss of 85.29% from -¥26,857,049.23 in the previous year[21]. - The company reported a total of ¥14,533,593.40 in government subsidies closely related to its normal business operations[25]. Revenue Breakdown - The revenue from the power automation business reached CNY 499.14 million, with a year-on-year increase of 16.91%[33]. - The revenue from distribution automation products grew by 36.11% year-on-year, amounting to CNY 315.47 million[33]. - The revenue from the power automation segment was ¥499,142,894.53, accounting for 66.00% of total revenue, with a year-on-year growth of 16.91%[39]. - The revenue from the public utility automation segment was ¥194,751,069.27, representing 25.75% of total revenue, with a year-on-year increase of 14.14%[39]. Investments and R&D - The company completed the R&D of 62 models of protection and automation devices, with 11 new generation products passing inspection[33]. - The company received 18 invention patents and 2 utility model patents during the reporting period[34]. - The company made investments totaling ¥12,300,000.00 during the reporting period, a significant increase of 720.00% compared to ¥1,500,000.00 in the previous year[44]. - Research and development expenses decreased by 4.04% to ¥65,484,561.55 from ¥68,242,066.91[38]. Operational Efficiency - The operating cost increased by 21.17% to ¥547,552,080.79 from ¥451,897,208.90, resulting in a decrease in gross margin[38]. - The company is focused on enhancing its marketing management system and improving operational efficiency through information technology[32]. - The company plans to enhance market research and optimize product structure to align with market demands, while increasing investment in cutting-edge technology[53]. - The company aims to improve operational efficiency and reduce costs through strategic initiatives in the upcoming quarters[136]. Risk Management - The company does not foresee any significant risks affecting its normal operations[4]. - The company faces risks related to R&D technology, market competition, management, and human resources, with measures in place to mitigate these risks[51][52][54][55]. - The company is committed to continuous improvement of internal control and risk management systems to support strategic planning[54]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of common shareholders at the end of the reporting period is 49,175[97]. - The largest shareholder, Shandong State-owned Assets Investment Holdings Co., Ltd., holds 10.23% of the shares, totaling 52,337,588 shares[98]. - The second-largest shareholder, Shandong Iron Investment Private Fund Management Co., Ltd., holds 5.59% of the shares, totaling 28,590,250 shares[98]. Environmental and Social Responsibility - The company has not faced any environmental penalties and adheres to environmental management standards[63]. - The company emphasizes employee rights and welfare, providing health checks and safety training to enhance employee satisfaction[64]. - The company has implemented various environmental protection and energy-saving measures, enhancing employee awareness of environmental issues[65]. - The company adheres to environmental safety management systems, promoting green, low-carbon, and sustainable development practices[65]. Financial Position - The company's cash and cash equivalents decreased to ¥609,786,393.19, down from ¥765,461,633.05, a reduction of 3.79% in proportion to total assets[42]. - The company's total liabilities decreased to CNY 1,677,032,040.86 from CNY 1,716,749,526.09, a reduction of approximately 2.31%[112]. - The company's equity attributable to shareholders decreased to CNY 1,746,347,773.65 from CNY 1,783,798,252.32, reflecting a decline of about 2.10%[112]. - The company reported a total non-current asset value of CNY 841,984,870.39, up from CNY 827,263,622.07, indicating an increase of approximately 1.93%[111]. Legal and Compliance - There were no significant lawsuits or arbitration matters during the reporting period, with minor cases not affecting stock trading prices[74]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[69]. - The report indicates no changes in the controlling shareholder during the reporting period[101]. - The report indicates no changes in the actual controller during the reporting period[101].

Financial Performance - The company's operating revenue for 2021 was ¥2,037,903,378.88, a decrease of 2.26% compared to ¥2,084,971,132.93 in 2020[19]. - The net profit attributable to shareholders was -¥45,323,881.02, representing a decline of 177.14% from ¥58,753,396.91 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥51,374,739.99, a decrease of 209.30% compared to ¥47,003,262.10 in 2020[19]. - The net cash flow from operating activities was ¥35,552,262.78, down 86.99% from ¥273,226,162.86 in 2020[19]. - Basic earnings per share were -¥0.09, a decline of 175.00% from ¥0.12 in the previous year[19]. - The total assets at the end of 2021 were ¥3,780,670,433.18, an increase of 0.56% from ¥3,759,565,039.22 at the end of 2020[19]. - The net assets attributable to shareholders decreased by 2.61% to ¥1,783,798,252.32 from ¥1,831,510,035.92 in 2020[19]. - The weighted average return on net assets was -2.50%, down 5.74% from 3.24% in the previous year[19]. Revenue Breakdown - The power automation business generated revenue of CNY 1,349.53 million, down 5.19% year-on-year[38]. - The public utility automation segment reported revenue of CNY 460.66 million, an increase of 6.64% year-on-year[42]. - The information security service revenue grew by 33.14% year-on-year, reaching CNY 136.37 million[42]. - The company's total revenue for the electric automation segment reached ¥1,349,529,663.79, representing a year-on-year decrease of 5.19%[46]. - The gross profit margin for the public utility automation segment was 33.75%, with a year-on-year increase of 6.64% in revenue[46]. - The northern region generated revenue of ¥1,107,379,739.60, with a year-on-year decrease of 5.93%[46]. Operational Highlights - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company does not foresee any significant risks affecting its normal operations[5]. - The company operates primarily through order-based production and sales via bidding processes for its automation products[33]. - The company has established a complete independent R&D, production, sales, and service system to meet market demands and industry trends[33]. - The company is positioned to provide comprehensive automation solutions for renewable energy sources, including wind and solar[32]. Research and Development - The company received 45 invention patents and 23 utility model patents in the reporting period, enhancing its innovation capabilities[41]. - R&D expenses rose by 9.10% to ¥170.47 million in 2021 compared to ¥156.25 million in 2020[57]. - The proportion of R&D investment to operating income was 6.65% in 2021, up from 6.58% in 2020[61]. - The company is actively developing new products, including a new generation of 35kV autonomous controllable protection and measurement control devices[59]. Market Outlook - The company anticipates growth in the smart water and gas meter market due to supportive policies and increasing demand for information technology in public utilities[86]. - The information security sector is expected to enter a rapid development phase following the release of the national informationization plan emphasizing digitalization and security[86]. - In 2022, the company plans to achieve a revenue of 2,233.66 million CNY and a net profit attributable to the parent company of 55.05 million CNY[88]. - The company aims to strengthen its marketing system and enhance team collaboration in 2022[89]. Corporate Governance - The company maintains an independent business system, with complete autonomy in research, production, sales, and service, ensuring no reliance on shareholders or related parties[107]. - The company has a comprehensive governance structure, including a shareholders' meeting, board of directors, and supervisory board, functioning independently[108]. - The independent directors maintained a focus on protecting the rights of minority shareholders during the reporting period[132]. - The company has established remuneration assessment methods for directors and senior management in 2021[125]. Employee Management - The total number of employees at the end of the reporting period was 2,564, with 1,370 in the parent company and 1,194 in major subsidiaries[137]. - The company has a total of 1,204 technical personnel, representing a significant portion of the workforce[138]. - The company has implemented a salary policy that combines internal equity and external competitiveness, with salaries based on contribution, responsibility, and capability[139]. - The company conducted a comprehensive training program aimed at enhancing management skills and overall employee capabilities, utilizing both internal and external training resources[140]. Environmental Responsibility - The company has implemented measures to enhance its environmental management systems, achieving certifications in quality, environmental, and occupational health and safety management[153]. - The company has adopted technologies for real-time monitoring of energy consumption in its industrial park, contributing to a modern green smart park[153]. - The company has conducted annual training and awareness programs to improve employee consciousness regarding environmental protection[153]. Shareholder Information - The company distributed a cash dividend of 0.30 RMB per 10 shares, totaling 15,122,768.22 RMB, based on a total share capital of 511,804,800 shares, after deducting repurchased shares[142]. - The largest shareholder, Shandong State-owned Assets Investment Holding Co., Ltd., held 10.23% of the shares, totaling 52,337.58 million[197]. - The company has a repurchase account holding 7,712,526 shares, representing 1.51% of total shares, which is not listed among the top ten shareholders[199]. - The company has not engaged in any major related-party transactions during the reporting period, maintaining operational integrity[170].

Financial Performance - The company's revenue for Q3 2021 was ¥477,478,320.34, a decrease of 1.69% compared to the same period last year, while year-to-date revenue increased by 10.25% to ¥1,157,082,477.97[4] - Net profit attributable to shareholders for Q3 2021 was ¥5,370,496.27, down 79.69% year-on-year, and year-to-date net profit was a loss of ¥19,818,026.09, a decrease of 137.57%[4] - Basic earnings per share for Q3 2021 was ¥0.0106, reflecting a decline of 79.70% compared to the same period last year[5] - The company reported a net loss of ¥6,186,616.18, compared to a net profit of ¥11,785,153.29 in the previous period[21] - The total profit for the current period was -¥1,305,787.79, a significant decline from ¥19,349,222.62 in the previous period[21] - Basic and diluted earnings per share were both -0.0393, compared to -0.0165 in the previous period[22] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,462,879,801.36, a decrease of 7.89% from the end of the previous year[5] - As of September 30, 2021, the total assets of Jicheng Electronics amounted to CNY 3,462,879,801.36, a decrease from CNY 3,759,565,039.22 at the end of 2020, reflecting a decline of approximately 7.9%[16] - The company's current assets totaled CNY 2,641,280,816.88, down from CNY 2,962,532,810.42, indicating a decrease of about 10.8%[16] - Total liabilities decreased from CNY 1,664,175,622.74 to CNY 1,397,396,817.93, a reduction of about 16.0%[18] - The company's equity attributable to shareholders decreased from CNY 1,831,510,035.92 to CNY 1,796,577,980.40, reflecting a decline of approximately 1.9%[18] Cash Flow - The cash flow from operating activities for the year-to-date period was a negative ¥296,759,967.41, representing a decrease of 105.15% compared to the same period last year[4] - The net cash flow from operating activities was -¥296,759,967.41, worsening from -¥144,653,647.83 in the previous period[25] - The company’s total cash inflow from operating activities was ¥1,403,855,434.53, an increase from ¥1,298,101,032.90 in the previous period[25] - Cash and cash equivalents at the end of the period decreased to ¥384,681,164.05 from ¥454,439,169.15 in the previous period[26] - Cash and cash equivalents decreased significantly from CNY 898,341,901.88 to CNY 431,809,352.49, representing a decline of approximately 52.0%[16] Inventory and Operating Costs - The company reported a significant increase in inventory, with a year-to-date increase of 34.05%, attributed to preemptive stockpiling[9] - Inventory increased from CNY 565,684,440.07 to CNY 758,318,059.23, marking an increase of approximately 33.9%[16] - Total operating costs increased to ¥1,184,045,399.18, up 13.8% from ¥1,040,052,907.41 in the previous period, with operating costs alone rising to ¥800,251,767.01, a 20.9% increase from ¥661,172,698.73[20] - Research and development expenses rose to ¥116,333,151.11, reflecting a 15.5% increase from ¥100,648,503.03 in the previous period[20] Borrowings and Financing - Short-term borrowings increased by 31.73% compared to the beginning of the period, due to new bank loans taken during the reporting period[10] - Short-term borrowings increased from CNY 132,850,000.00 to CNY 175,000,000.00, an increase of approximately 31.5%[17] - The company incurred a total financing cash outflow of ¥369,906,688.38, slightly down from ¥393,183,130.69 in the previous period[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,693[12] - The company reported a total of 7,712,526 shares held in the repurchase special securities account, representing 1.51% of the total shares[16] Other Financial Metrics - The weighted average return on equity was 0.29%, down 1.22% from the previous year[5] - The company has not undergone an audit for the third quarter report[32] - The report indicates a minor adjustment in long-term deferred expenses, with a change of 841,666.50[29] - The company is implementing new leasing standards, which may affect future financial reporting[31] - The company reported a slight decrease in minority interests, totaling 263,879,380.56[30]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥679,604,157.63, representing a 20.53% increase compared to ¥563,852,526.00 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥25,188,522.36, an improvement of 27.58% from a loss of ¥34,783,082.14 in the previous year[19]. - The total operating revenue for the reporting period reached ¥679,604,157.63, representing a year-on-year increase of 20.53%[29]. - The company's net profit attributable to shareholders was -¥25,188,522.36, with a year-on-year growth of 27.58%[29]. - The company reported a net loss from investments of CNY 1.47 million in the first half of 2021, contrasting with a profit of CNY 2.63 million in the same period of 2020[121]. - The comprehensive income for the first half of 2021 was reported at 14 million, a decrease of 34.78% compared to the previous period[140]. - The company recorded a net loss attributable to shareholders of 15.12 million during the first half of 2021, compared to a profit of 2,768 million in the same period last year[140]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥304,885,986.60, which is a decline of 169.91% compared to a negative cash flow of ¥112,959,484.83 in the same period last year[19]. - The cash flow from operating activities showed a net outflow of ¥304,885,986.60, a significant decline of 169.91% from the previous year's outflow of ¥112,959,484.83[36]. - The company reported a net cash flow from investment activities of 6,063,164.30 CNY, down from 27,294,349.35 CNY in the previous half-year[135]. - The total cash outflow for operating activities was 783,998,514.36 CNY, compared to 610,444,290.19 CNY in the same period last year[135]. - The ending balance of cash and cash equivalents was 497,476,281.25 CNY, a decrease from 642,479,917.61 CNY at the end of the previous period[132]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,482,336,443.41, down 7.37% from ¥3,759,565,039.22 at the end of the previous year[19]. - The company's current assets totaled CNY 2,669,217,873.42, down from CNY 2,962,532,810.42 at the end of 2020, indicating a decrease of about 9.9%[114]. - Total liabilities decreased to CNY 1,205.83 million as of June 30, 2021, from CNY 1,406.34 million at the end of 2020, a reduction of 14.3%[120]. - The total non-current assets amounted to CNY 813,118,569.99, a slight increase from CNY 797,032,228.80 at the end of 2020, reflecting an increase of about 2%[114]. - The total assets of the company at the end of the reporting period were 2,141.1 million, indicating a significant asset base for future growth[140]. Research and Development - Research and development expenses amounted to ¥68,242,066.91, reflecting a growth of 5.35% from ¥64,778,383.71 in the same period last year[36]. - The company aims to strengthen R&D investment in cutting-edge technologies to maintain competitive advantages in a rapidly evolving market[54]. - The company has allocated resources for research and development of new products, aiming to innovate and meet market demands[139]. - Research and development expenses increased to CNY 84.69 million in the first half of 2021, compared to CNY 68.22 million in the same period of 2020, marking a rise of 24.2%[121]. Market and Business Development - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company plans to enhance market research and optimize product structure to mitigate technology risks[53]. - The company is exploring potential mergers and acquisitions to accelerate growth and expand its market share[139]. - The company launched a one-stop airport intelligent charging solution, which has been successfully implemented in multiple airports[30]. - The company reported a government subsidy income of ¥7,103,222.04 during the reporting period[24]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 35,486[99]. - The largest shareholder, Shandong State-owned Assets Investment Holding Co., Ltd., holds 10.23% of the shares, totaling 52.34 million shares[99]. - The total equity attributable to the parent company at the end of the first half of 2021 was 2,016.9 million, compared to 1,787.0 million at the end of the same period in 2020, reflecting an increase of approximately 12.8%[139]. - The total owner's equity at the end of the current period is 1,491,569.90 thousand yuan[147]. Compliance and Governance - The semi-annual financial report was not audited[70]. - The company has not faced any environmental penalties and continues to enhance its environmental management systems[63]. - There were no significant litigation or arbitration matters during the reporting period[73]. - The company did not engage in any major related party transactions during the reporting period[74]. Innovation and Recognition - The company successfully obtained CMMI5-level re-evaluation certification for multiple models of independently controllable secondary products[30]. - The company was recognized as a national-level "little giant" enterprise for its subsidiary, Qingdao Jicheng[31]. - The company received 17 invention patents, 3 utility model patents, and 1 design patent during the reporting period[31].

Financial Performance - The company's revenue for Q1 2021 was ¥237,950,739.04, representing a 65.56% increase compared to ¥143,724,648.99 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥28,889,814.57, an improvement of 51.95% from a loss of ¥60,123,278.31 in the previous year[8] - The basic earnings per share were -¥0.06, an improvement of 50.00% from -¥0.12 in the same period last year[8] - The company's net profit for Q1 2021 was not explicitly stated, but the increase in operating revenue suggests potential profitability improvements[39] - The net profit for the first quarter was a loss of CNY 29,382,264.68, an improvement from a loss of CNY 61,738,333.31 in the same period last year[41] - The total profit for the first quarter was a loss of CNY 27,691,666.07, which is less than the loss of CNY 62,866,130.54 reported in the previous year[41] - The total comprehensive income for the first quarter was a loss of CNY 29,382,264.68, compared to a loss of CNY 61,738,333.31 in the same period last year[41] Cash Flow - The net cash flow from operating activities was a negative ¥279,490,486.70, which is a decline of 335.24% compared to a negative ¥64,215,312.72 in the same period last year[8] - Total cash inflow from operating activities was 407,640,987.19, while cash outflow was 687,131,473.89, resulting in a net cash flow of -279,490,486.70[48] - Cash inflow from financing activities amounted to 109,500,000.00, with a net cash flow of 90,218,139.71 after outflows[49] - The company reported a cash and cash equivalents balance of 589,451,478.82 at the end of the period, down from 810,641,026.72 at the beginning[49] - The company reported a decrease in cash and cash equivalents by -114,097,276.30 during the period[52] - Total cash inflow from operating activities for the parent company was 271,292,967.56, while cash outflow was 467,368,225.35, resulting in a net cash flow of -196,075,257.79[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,491,619,598.84, down 7.13% from ¥3,759,565,039.22 at the end of the previous year[8] - Cash and cash equivalents decreased to CNY 444,755,421.76 from CNY 579,349,515.99, a decline of 23.2%[33] - Total assets as of March 31, 2021, were CNY 2,800,258,771.52, down from CNY 2,982,261,614.72 at the end of 2020, reflecting a decrease of 6.1%[35] - Total liabilities decreased to CNY 1,244,259,191.07 from CNY 1,406,341,425.82, a reduction of 11.5%[36] - The total equity attributable to shareholders decreased to CNY 1,555,999,580.45 from CNY 1,575,920,188.90, a decline of 1.3%[36] Operating Performance - Operating revenue increased by 65.56% year-on-year, primarily driven by revenue growth in the power automation and public utility automation sectors[16] - Operating costs increased by 101.87% year-on-year, attributed to the increase in revenue during the reporting period[16] - Total operating revenue for Q1 2021 was CNY 237,950,739.04, compared to CNY 143,724,648.99 in the same period last year, representing a year-over-year increase of 65.6%[38] - Total operating costs for Q1 2021 were CNY 280,928,854.02, up from CNY 205,776,181.70 in the previous year, indicating a rise of 36.4%[39] - The company's inventory increased to CNY 470,853,844.90 from CNY 397,441,540.86, marking a rise of 18.5%[33] Research and Development - R&D expenses rose by 35.69% year-on-year, reflecting higher capitalized R&D investments during the reporting period[16] - The company reported R&D expenses of CNY 37,639,106.58 for Q1 2021, compared to CNY 27,738,482.94 in the previous year, reflecting a growth of 35.6%[39] - Research and development expenses for the quarter were CNY 22,051,804.01, up from CNY 17,294,653.12 in the previous year, reflecting increased investment in innovation[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,479[12] - The largest shareholder, Shandong State-owned Assets Investment Holding Co., Ltd., holds 10.23% of the shares, totaling 52,337,588 shares[12] Other Income and Expenses - The company reported non-recurring gains and losses totaling ¥1,420,913.74 for the period[9] - Other income increased by 87.62% year-on-year, driven by higher software revenue and VAT refund income[16] - The company achieved other income of CNY 3,761,457.50, compared to CNY 1,410,334.07 in the previous year, showing an increase in non-operating income[43] - The company incurred financial expenses of CNY 5,303,790.46, down from CNY 7,684,522.10 in the previous year, indicating improved cost management[43] - The company reported a credit impairment loss of CNY 5,092,585.04, compared to a loss of CNY -2,589,618.74 in the previous year, indicating a deterioration in credit quality[44] Cash Flow from Activities - Cash flow from investing activities decreased by 1278.77% year-on-year, mainly due to increased prepayments for fixed asset expenditures by subsidiaries[16] - Cash outflow from investing activities was 31,917,400.91, leading to a net cash flow of -31,917,200.91[48] - The cash flow from investment activities for the parent company was -2,613,057.24, compared to 3,892,231.51 in the previous year[52] Audit Information - The company did not undergo an audit for the first quarter report[54]

Financial Performance - The company's operating revenue for 2020 was approximately ¥2.08 billion, representing a 13.23% increase compared to ¥1.84 billion in 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥58.75 million, up 13.59% from ¥51.72 million in 2019[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥47.00 million, reflecting a 22.04% increase from ¥38.51 million in 2019[16]. - The basic earnings per share for 2020 was ¥0.12, a 20.00% increase from ¥0.10 in 2019[16]. - The total assets at the end of 2020 were approximately ¥3.76 billion, a 4.91% increase from ¥3.58 billion at the end of 2019[16]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.83 billion, up 2.47% from ¥1.79 billion at the end of 2019[16]. - The net cash flow from operating activities for 2020 was approximately ¥273.23 million, a slight increase of 1.73% from ¥268.59 million in 2019[16]. - The weighted average return on net assets for 2020 was 3.24%, an increase from 2.87% in 2019[16]. - The company reported a significant increase in revenue for 2020, with total revenue reaching approximately 1.2 billion yuan, representing a year-over-year growth of 15%[165]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.3 per 10 shares to all shareholders, based on a total share base of 504,092,274 shares[5]. - The cash dividend amount for 2020 was CNY 15,122,768.22, with a dividend payout ratio of 100% of the total distributable profit of CNY 541,380,944.17[98]. - The company did not propose any stock dividends or capital reserve transfers for the year 2020, maintaining a focus on cash dividends only[98]. - The total cash dividend, including other methods such as share buybacks, amounted to CNY 19,141,218.07, which includes CNY 4,018,449.85 from share repurchases[97]. - The company repurchased 691,005 shares in 2020, with a total expenditure of CNY 4,018,449.85, which is considered part of the cash dividend distribution[98]. Operational Efficiency and Growth - In Q1 2020, the company reported a revenue of ¥143.72 million, which increased to ¥1,035.42 million in Q4 2020, showing a significant growth trend[20]. - The net profit attributable to shareholders was negative in Q1 2020 at -¥60.12 million, but turned positive to ¥67.10 million by Q4 2020, indicating a recovery in profitability[20]. - The net cash flow from operating activities improved dramatically from -¥64.22 million in Q1 2020 to ¥417.88 million in Q4 2020, reflecting enhanced operational efficiency[20]. - The company is a leading provider of automation solutions in the power sector, covering all aspects of power generation, transmission, and distribution, which positions it well for future growth[25]. - The company has established strong partnerships with major gas companies, making it the largest supplier of gas automation systems in China, with coverage across over 100 gas enterprises[30]. Research and Development - The company invested heavily in R&D, achieving breakthroughs in domestic alternatives and new generation smart substations, with products passing national grid testing[36]. - The company has a robust R&D and production system, allowing it to respond effectively to market demands and industry trends[26]. - The company’s R&D expenses increased by 11.57% to ¥156,250,492.97 in 2020, compared to ¥140,050,984.40 in 2019[53]. - The total amount of R&D investment was ¥137,150,455.06, representing 6.58% of the operating revenue[54]. - The company has received 43 invention and design patents, along with 65 software copyrights during the reporting period, strengthening its innovation capabilities[37]. Market Position and Strategy - The company is focusing on the development of smart water and gas services, driven by national policies promoting smart infrastructure[81]. - The State Grid plans to invest over 700 billion USD in the next five years to upgrade the grid towards an energy internet, supporting carbon neutrality goals[80]. - The company plans to achieve operating revenue of 221.186 million yuan and a net profit attributable to shareholders of 7.558 million yuan for 2021[83]. - The company aims to expand its market presence in new energy, smart public utilities, and information security sectors, driven by national policies on clean energy and rural revitalization[83]. - The company is positioned to benefit from the increasing investment in new energy and smart manufacturing sectors as part of the national economic strategy[79]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and proper operation[174]. - The board consists of nine members, including three independent directors, ensuring compliance with legal requirements[177]. - The company has maintained a stable relationship with its controlling shareholders and actual controllers, with no integrity issues reported[110]. - The audit committee conducted 16 internal audits during the reporting period, focusing on financial accounting and internal control systems of subsidiaries[190]. - The company has complied with relevant laws and regulations, fulfilling its responsibilities and enhancing performance during the reporting period[193]. Employee and Management - The total number of employees in the company is 2,647, with 1,381 in the parent company and 1,266 in major subsidiaries[169]. - The total compensation for the board and senior management during the reporting period is 537.06 million[168]. - The company has implemented a salary policy that combines internal equity and external competitiveness, focusing on contribution, responsibility, and capability[170]. - The training program aims to enhance management skills and overall business capabilities, with a focus on systematic training for various teams[171]. - The management team includes experienced professionals with backgrounds in electronics and finance, ensuring strong leadership for future growth[158].

积成电子股份有限公司 2020 年第三季度报告全文 积成电子股份有限公司 2020 年第三季度报告 2020 年 10 月 1 积成电子股份有限公司 2020 年第三季度报告全文 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。 公司负责人王良、主管会计工作负责人秦晓军及会计机构负责人(会计主管 人员)秦晓军声明：保证季度报告中财务报表的真实、准确、完整。 2 积成电子股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,436,303,802.74 | 3,583,752,336.84 | | -4.11% | | 归属于上市公司股东的净资产 | 1,762,411,293.02 | 1 ...

证券代码：002339 证券简称：积成电子 公告编号：2020-051 积成电子股份有限公司 关于参加山东辖区上市公司 2020 年度 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或者重大遗漏。 为进一步加强与广大投资者的互动交流，构建和谐投资者关系，积成电子 股份有限公司（以下简称"公司"）将参加"山东辖区上市公司2020年度投资者 网上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆"全景·路演天下"网站（http://rs.p5w.net）参与本次 投资者集体接待日活动，互动交流时间为2020年9月29日（星期二）下午 15:00-16:55。 公司董事、副总经理兼董事会秘书姚斌先生、财务负责人秦晓军先生和证 券事务代表刘慧娟女士将通过网络在线形式与投资者进行沟通，欢迎广大投资者 积极参与。 特此公告。 积成电子股份有限公司 董事会 2020 年 9 月 24 日 1 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥563,852,526, a decrease of 6.75% compared to ¥604,662,191 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥34,783,082, improving by 10.72% from a loss of ¥38,960,781.92 in the previous year[18]. - The net cash flow from operating activities was -¥112,959,484.83, a decline of 211.60% compared to -¥36,251,156.47 in the same period last year[18]. - The total assets at the end of the reporting period were ¥3,465,988,414.01, down 3.29% from ¥3,583,752,336.84 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 2.88%, from ¥1,787,400,499.88 to ¥1,735,970,068.64[18]. - The basic earnings per share were -¥0.0690, an improvement of 9.33% from -¥0.0761 in the previous year[18]. - The company achieved total revenue of ¥563,852,526, a decrease of 6.75% compared to the previous year[34]. - The net profit attributable to shareholders was a loss of ¥34,783,082.14, reflecting the impact of the pandemic and economic challenges[34]. - Total revenue for the reporting period was ¥563,852,526, a decrease of 6.75% compared to ¥604,662,191 in the same period last year[39]. - The company's gross profit margin for the power automation sector was 33.49%, a decrease of 3.55% compared to the previous year[42]. Revenue Breakdown - Revenue from the power automation sector was ¥359,350,429.94, accounting for 63.73% of total revenue, down 11.83% year-on-year[39]. - Public utility automation revenue increased by 14.21% to ¥119,139,126.97, representing 21.13% of total revenue[39]. - The revenue from the electric grid dispatch automation segment surged by 145.72% to ¥89,088,344.10, contributing 15.80% to total revenue[39]. - The company reported a significant decrease in revenue from the distribution automation segment, which fell by 45.81% to ¥140,089,146.57, accounting for 24.84% of total revenue[39]. Cash Flow and Investments - The cash flow from operating activities showed a significant decline, with a net outflow of ¥112,959,484.83, a 211.60% decrease compared to the previous year[37]. - The company reported a net cash flow from investment activities of ¥12,837,621, down from ¥64,965,694 in the previous year, indicating a decline of 80.2%[144]. - Cash inflow from financing activities increased to ¥224,130,599 in the first half of 2020, compared to ¥133,130,000 in the same period of 2019, representing a growth of 68.4%[144]. - The net cash flow from financing activities improved to ¥72,489,569 in the first half of 2020, compared to a negative cash flow of -¥219,103,472 in the first half of 2019[144]. Research and Development - The company’s research and development investment rose by 3.24% to ¥64,778,383.71, indicating a commitment to innovation[37]. - Research and development expenses increased to ¥68,220,285.23, up 36.73% from ¥49,906,941.97 in the same period last year[133]. - The company received 16 invention and design patents during the reporting period, reflecting its focus on technological advancement[35]. Market Position and Strategy - The company is recognized as a major supplier in the domestic distribution network automation market and the largest gas automation system supplier in China[27]. - The company has established strong partnerships with major gas companies, covering over 100 gas enterprises across more than 20 provinces[30]. - The company launched multiple comprehensive solutions in the public utility automation sector, enhancing its core competitiveness[35]. - The company plans to enhance market research and optimize product structure to mitigate technology risks[66]. - The company aims to strengthen R&D investment in cutting-edge technologies to maintain competitive advantages in a rapidly evolving market[67]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company held its annual general meeting on May 15, 2020, with an investor participation rate of 26.76%[71]. - The first phase of the employee stock ownership plan was completed, with a total of 6,429,041 shares sold, accounting for 1.26% of the company's total share capital[80]. - The total number of common shareholders at the end of the reporting period is 39,091[106]. - The largest shareholder, Shandong State-owned Assets Investment Holdings Co., Ltd., holds 10.23% of the shares, totaling 52,337,588 shares[106]. Financial Health and Liabilities - Total assets decreased from CNY 3,583,752,336.84 to CNY 3,465,988,414.01, a decline of approximately 3.3%[126]. - Current liabilities decreased from CNY 1,218,981,941.80 to CNY 1,126,317,965.51, a reduction of about 7.6%[127]. - Non-current liabilities increased from CNY 347,813,976.47 to CNY 360,019,047.74, an increase of approximately 3.5%[127]. - Total equity decreased from CNY 2,016,956,418.57 to CNY 1,979,651,400.76, a decline of about 1.8%[128]. - The total liabilities decreased from CNY 1,566,795,918.27 to CNY 1,486,337,013.25, a reduction of about 5.1%[127]. Accounting Policies and Practices - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements accurately reflect its financial position and results[166]. - The company uses Renminbi as its functional currency for accounting purposes[169]. - The company has established specific accounting policies for receivables impairment and asset depreciation based on its operational characteristics[165]. - The company recognizes impairment losses for financial assets measured at amortized cost and for debt instruments measured at fair value with changes recognized in other comprehensive income[183].