Financial Performance - The company's revenue for Q1 2022 was CNY 478,345,897.29, a decrease of 9.04% compared to CNY 525,878,927.70 in the same period last year[3] - Net profit attributable to shareholders was CNY 55,135,868.83, down 29.64% from CNY 78,363,377.57 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 43,843,282.64, a decline of 39.27% compared to CNY 72,197,445.73 in the previous year[3] - Total operating revenue for the first quarter was ¥478,345,897.29, a decrease of 9.0% from ¥525,878,927.70 in the previous period[26] - Net profit for the period was ¥59,471,688.10, down 26.4% from ¥80,816,449.24 in the same period last year[26] - The net profit attributable to the parent company was ¥55,135,868.83, a decrease of 29.6% compared to ¥78,363,377.57 in the previous year[30] - The company reported a basic and diluted earnings per share of ¥0.062, down from ¥0.0881 in the previous period[30] Cash Flow - The net cash flow from operating activities was CNY 28,490,708.31, a significant improvement of 138.04% from a negative CNY 74,888,340.87 in the same period last year[3] - Cash inflow from operating activities totaled $562,649,393.08, down 18.9% from $693,467,906.15 in the prior period[34] - Cash outflow from operating activities was $534,158,684.77, a decrease of 30.5% from $768,356,247.02 in the previous period[34] - The net cash flow from investing activities was -$28,011,043.13, compared to a positive cash flow of $38,683,227.81 in the prior period[37] - Cash inflow from investing activities was $395,232,839.32, down 51.5% from $814,946,212.25 in the previous period[37] - Cash outflow from investing activities totaled $423,243,882.45, a decrease of 45.5% from $776,262,984.44 in the prior period[37] - The net cash flow from financing activities was -$2,227,167.65, an improvement from -$3,564,926.99 in the previous period[37] - The ending cash and cash equivalents balance was $285,019,939.51, compared to $133,143,845.86 at the end of the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,642,140,443.43, a decrease of 1.26% from CNY 2,675,901,309.97 at the end of the previous year[3] - Total liabilities decreased to ¥348,158,439.83 from ¥441,033,756.20, a reduction of 21.1%[23] - The company's total current assets at the end of the period amount to 2,050,721,574.71 RMB, a decrease from 2,090,762,366.36 RMB at the beginning of the year[16] - The total non-current assets at the end of the period are 591,418,868.72 RMB, compared to 585,138,943.61 RMB at the beginning of the year[19] - Accounts payable decreased to 185,366,711.40 RMB from 255,100,931.74 RMB[19] - The company reported a decrease in accounts receivable from 221,279,267.30 RMB to 205,673,655.39 RMB[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 78,206[12] - The largest shareholder, Zhang Wendong, holds 27.66% of the shares, totaling 245,937,793 shares[12] - The company has a total of 2,131,483 shares held by shareholder Shen Hongcheng through a margin trading account[15] - The company has a total of 1,343,700 shares held by shareholder Zhuang Yan through a margin trading account[15] Expenses and Subsidies - The company reported a significant increase in financial expenses by 293.23%, primarily due to increased exchange losses[8] - The company received government subsidies amounting to CNY 873,063.32 during the reporting period[4] - Total operating costs decreased to ¥423,525,431.81 from ¥437,134,094.26, reflecting a reduction of 3.0%[26] - Research and development expenses were reported at ¥24,852,611.97, down from ¥29,909,807.62, a decrease of 16.8%[26] - The company recorded investment income of ¥8,688,706.36, an increase from ¥7,928,367.72, representing a growth of 9.6%[26] - Deferred income increased to ¥17,259,368.81 from ¥14,195,383.52, reflecting a growth of 21.5%[23]

Financial Performance - The company's operating revenue for Q1 2022 was ¥478,345,897.29, a decrease of 9.04% compared to ¥525,878,927.70 in the same period last year[3] - Net profit attributable to shareholders was ¥55,135,868.83, down 29.64% from ¥78,363,377.57 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥43,843,282.64, a decline of 39.27% compared to ¥72,197,445.73 in the previous year[3] - Net profit for the period was CNY 59,471,688.10, a decline of 26.4% compared to CNY 80,816,449.24 in the same period last year[30] - The net profit attributable to the parent company was CNY 55,135,868.83, down 29.6% from CNY 78,363,377.57 year-on-year[30] - The total comprehensive income for the period was CNY 57,942,664.64, down from CNY 81,844,016.42 year-on-year[30] - Basic and diluted earnings per share for the current period are 0.062, down from 0.0881 in the previous period, representing a decrease of approximately 29.1%[33] Cash Flow - The net cash flow from operating activities improved to ¥28,490,708.31, a significant increase of 138.04% from -¥74,888,340.87 in the same period last year[3] - Cash inflow from operating activities totaled 562,649,393.08 CNY, a decrease of 18.9% compared to 693,467,906.15 CNY in the previous period[33] - Cash outflow from operating activities was 534,158,684.77 CNY, down from 768,356,247.02 CNY, resulting in a net cash flow from operating activities of 28,490,708.31 CNY, compared to a negative cash flow of 74,888,340.87 CNY in the previous period[33] - Cash inflow from investment activities was 395,232,839.32 CNY, a decrease of 51.5% from 814,946,212.25 CNY in the previous period[36] - Cash outflow from investment activities totaled 423,243,882.45 CNY, down from 776,262,984.44 CNY, leading to a net cash flow from investment activities of -28,011,043.13 CNY, compared to 38,683,227.81 CNY in the previous period[36] - Net cash flow from financing activities was -2,227,167.65 CNY, an improvement from -3,564,926.99 CNY in the previous period[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,642,140,443.43, a decrease of 1.26% from ¥2,675,901,309.97 at the end of the previous year[3] - The company's total current assets decreased from CNY 2,090,762,366.36 at the beginning of the year to CNY 2,050,721,574.71 at the end of the reporting period, a decrease of approximately 1.4%[19] - The total assets of the company at the end of the reporting period amounted to CNY 2,642,140,443.43, down from CNY 2,675,901,309.97 at the beginning of the year, representing a decrease of about 1.3%[19] - The total liabilities decreased to CNY 348,158,439.83 from CNY 441,033,756.20 at the beginning of the year, reflecting a reduction of 21.1%[23] - The company reported a significant reduction in accounts payable from CNY 255,100,931.74 to CNY 185,366,711.40, a decrease of about 27.3%[19] Shareholder Information - Shareholders' equity attributable to the parent company increased by 2.48% to ¥2,250,657,397.32 from ¥2,196,258,992.93 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company increased to CNY 2,250,657,397.32 from CNY 2,196,258,992.93, an increase of 2.5%[23] - Total number of common shareholders at the end of the reporting period is 885, with the top 10 shareholders holding a combined 60.57% of shares[12] Expenses and Costs - Total operating costs amounted to CNY 423,525,431.81, down 3.1% from CNY 437,134,094.26 year-on-year[27] - Research and development expenses were CNY 24,852,611.97, a decrease of 16.5% from CNY 29,909,807.62 in the previous year[27] - The company reported a tax expense of CNY 10,707,299.03, down from CNY 15,792,986.41 in the previous year[30] - Other comprehensive income after tax was CNY -1,529,023.46, compared to CNY 1,027,567.18 in the same period last year[30] Government Support - The company received government subsidies amounting to ¥873,063.32, contributing positively to the financial results[4] Inventory and Receivables - Accounts receivable decreased from CNY 221,279,267.30 to CNY 205,673,655.39, a decline of approximately 7.1%[16] - Inventory decreased from CNY 579,377,492.42 to CNY 545,767,290.40, a reduction of about 5.8%[19]

Financial Performance - The company reported a total revenue of RMB 2.5 billion for the year 2021, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 300 million, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2021 was ¥2,303,667,858.71, representing a 19.10% increase compared to ¥1,934,181,462.09 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥315,564,436.86, up 14.30% from ¥276,094,922.56 in 2020[26]. - The company's cash flow from operating activities for 2021 was ¥280,615,248.93, a decrease of 2.50% compared to ¥287,817,779.84 in 2020[26]. - The basic and diluted earnings per share for 2021 were both ¥0.35, reflecting a 12.90% increase from ¥0.31 in 2020[26]. - The company reported a total operating revenue of ¥637,192,974.66 in Q4 2021, with a net profit attributable to shareholders of ¥61,379,637.67[31]. - The company achieved a sales volume of 14,881,068 units in 2021, representing a year-over-year increase of 16.64% compared to 12,758,519 units in 2020[76]. - The production volume for 2021 was 14,440,837 units, up 10.34% from 13,087,307 units in 2020[76]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, based on a total share capital of 889,107,000 shares[4]. - The company distributed a cash dividend of 2 RMB per 10 shares, totaling 177,821,400 RMB, which has been fully distributed in the 2021 fiscal year[186]. - The company plans to distribute a cash dividend of 1.8 RMB per 10 shares, amounting to 160,039,260 RMB, based on a total share capital of 889,107,000 shares[189]. Market Expansion and Product Development - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% growth in that region for 2022[18]. - New product launches include a line of smart audio devices, expected to contribute an additional RMB 500 million in revenue in 2022[18]. - The company is exploring potential acquisitions to strengthen its market position and diversify its product offerings[18]. - The company aims to continue expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[51]. - The company is focusing on R&D for noise-cancellation technology, with several new patents filed related to this area, enhancing product competitiveness[54]. - The company is focusing on the TWS earphone market, which has a penetration rate of less than 10% in China, indicating significant growth potential[109]. - New product developments include TWS earphones with advanced noise cancellation and AI features, as well as smart speakers integrated with AI voice assistants[113]. Research and Development - The company has invested RMB 100 million in R&D for new technologies, aiming to enhance product features and user experience[18]. - The company has a strong focus on R&D, with multiple brands under its umbrella, including "Xemal," "HECATE," and "Air-Pulse," enhancing its market competitiveness[46]. - The company has continuously increased R&D investment, upgrading product structure and launching award-winning products in international top industrial design, showcasing strong R&D capabilities and industry-leading design levels[60]. - The company’s commitment to R&D has resulted in a robust pipeline of innovative products, enhancing its competitive edge in the market[60]. - The company has filed numerous patents for new products, including various types of headphones and audio devices, indicating a focus on innovation and technology development[58]. Risk Factors - Risk factors identified include supply chain disruptions and increased competition in the audio technology market[4]. - The company faces risks related to technology and market dynamics, including potential declines in product competitiveness if it fails to keep pace with rapid technological advancements[123]. - Rising raw material prices and labor costs pose a risk to production costs, which could negatively impact profitability if not managed effectively[125]. Corporate Governance - The company ensures compliance with governance standards, maintaining a strong independent governance structure and transparent information disclosure[129]. - The company operates independently from its controlling shareholder, with a complete business system for R&D, procurement, production, and sales[139]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its directors and senior management[135]. - The company has a complete and independent product sales network, ensuring no reliance on its controlling shareholder for sales activities[140]. Employee and Management Changes - The company experienced changes in senior management, including the resignation of Director Xu Bin and Vice President Deng Longmu due to personal reasons[150]. - The company appointed new Vice Presidents Han Xiangyang, Shen Dingkun, and Qin Changfeng during the reporting period[150]. - The total number of employees at the end of the reporting period was 2,854, with 57 in the parent company and 2,797 in major subsidiaries[180]. Financial Structure and Cash Flow - The company reported an investment income of ¥23,814,988.15, accounting for 6.21% of total profit, primarily from financial investment returns[92]. - The total assets at the end of 2021 were ¥2,670,000,000, with cash and cash equivalents increasing to ¥300,911,193.32, representing 11.25% of total assets[94]. - The company recorded a net increase in cash and cash equivalents of ¥115,008,750.35, an 18.42% increase from ¥97,119,607.65 in 2020[89]. - The company's cash flow from financing activities showed a net outflow of -¥184,130,378.40, a 111.33% increase in outflow compared to -¥87,129,294.14 in 2020[89].

深圳市漫步者科技股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 证券代码：002351 证券简称：漫步者 公告编号：2021-058 深圳市漫步者科技股份有限公司 关于参加2021深圳辖区"沟通传递价值，交流创造良好生态" 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工作，深圳市漫步者科技股份有限公司（以下 简称"本公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的"沟 通传递价值，交流创造良好生态"——2021 深圳辖区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： 本次集体接待日活动将在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•路演天下"网站（http://rs.p5w.net/）或关注 微信公众号：全景财经，参与本公司投资者集体接待日活动，活动时间为 2021 年 11 月 30 日 14:00 至 17:00，其中本公司与投资者互动时间为 ...

Financial Performance - The company's revenue for Q3 2021 was ¥538,163,066.97, an increase of 3.39% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥47,186,279.33, a decrease of 38.90% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,285,899.38, down 44.44% from the previous year[3] - The basic earnings per share for Q3 2021 was ¥0.0531, a decrease of 39.04% year-on-year[3] - Total operating revenue for the third quarter of 2021 reached ¥1,666,474,884.05, an increase of 31.2% compared to ¥1,269,581,082.18 in the same period of 2020[25] - Net profit for Q3 2021 was ¥264,242,724.73, representing a 34.5% increase from ¥196,495,892.21 in Q3 2020[28] - Total comprehensive income for the period reached ¥261,879,420.05, an increase of 37% compared to ¥191,206,591.77 in the previous period[31] - Basic and diluted earnings per share increased to ¥0.2859 from ¥0.2083, representing a growth of 37%[31] Cash Flow - The operating cash flow for the year-to-date period was ¥34,910,634.57, a significant decrease of 85.27% compared to the same period last year[3] - The net cash flow from operating activities decreased by 85.27% to ¥34,910,634.57, down from ¥236,933,431.71 in the same period last year[10] - Cash inflow from operating activities totaled ¥2,052,519,241.75, up 42% from ¥1,444,541,057.73 in the previous period[32] - Cash outflow from operating activities was ¥2,017,608,607.18, compared to ¥1,207,607,626.02 in the previous period, resulting in a net cash flow from operating activities of ¥34,910,634.57[35] - Cash flow from investment activities generated a net inflow of ¥187,550,989.81, a significant recovery from a net outflow of ¥38,574,695.95 in the previous period[35] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥2,506,950,681.50, a decrease of 3.58% from the end of the previous year[3] - The total assets as of September 30, 2021, were ¥2,506,950,681.50, a decrease from ¥2,600,053,304.99 at the end of 2020[18] - The company's total liabilities decreased to ¥331,598,873.08 as of September 30, 2021, down from ¥530,729,311.62 at the end of 2020, a reduction of 37.4%[24] - The total equity attributable to shareholders of the parent company increased to ¥2,142,047,386.93, up from ¥2,053,406,969.58, reflecting a growth of 4.3%[24] - The company reported a significant decrease in accounts payable, which fell to ¥146,903,494.94 from ¥331,359,953.25, a decline of 55.7%[24] - Deferred income tax liabilities rose to ¥46,188,920.71, compared to ¥23,768,209.71 in the previous year, indicating an increase of 94.3%[24] - The company's total liabilities increased, impacting the overall financial leverage, with specific figures not disclosed in the provided data[39] Research and Development - The company's R&D expenses for the year-to-date period were ¥92,240,425.85, an increase of 52.78% compared to the same period last year[7] - Research and development expenses for Q3 2021 were ¥92,240,425.85, an increase of 52.7% compared to ¥60,376,114.78 in Q3 2020[25] Operational Costs - The company reported a significant increase in advertising and labor costs, contributing to a 37.23% rise in selling expenses to ¥131,015,128.05[7] - Operating costs for the same period were ¥1,421,436,910.53, up 36.0% from ¥1,045,625,794.77 year-over-year[25] - Cash paid for purchasing goods and services increased by 75.25% to ¥1,367,025,665.82 compared to ¥780,026,598.16 in the previous period[10] - The company paid ¥311,418,215.68 in employee compensation, up from ¥219,317,343.96 in the previous period, reflecting a 42% increase[35] Shareholder Information - The number of common shareholders at the end of the reporting period was 81,995, with the top ten shareholders holding significant stakes[11] - The company's minority interest increased to ¥33,304,421.49 from ¥15,917,023.79, a growth of 109.5%[24]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,128,311,817.08, representing a 50.63% increase compared to the same period last year[22]. - Net profit attributable to shareholders for the same period was CNY 206,998,519.86, up 92.78% year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 150,812,559.26, reflecting a 65.57% increase compared to the previous year[22]. - Basic earnings per share reached CNY 0.2328, a 92.08% increase from CNY 0.1212 in the same period last year[22]. - The company achieved total revenue of ¥1,128,311,817.08, a year-on-year increase of 50.63%[53]. - The company's net profit for the first half of 2021 reached ¥214,016,260.02, a significant increase of 84.5% compared to ¥116,014,511.31 in the same period of 2020[172]. - Operating profit for the first half of 2021 was ¥260,996,624.75, up 87.0% from ¥139,461,036.05 in the first half of 2020[172]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,547,472,130.29, a decrease of 2.02% from the end of the previous year[22]. - The company's total liabilities at the end of the reporting period were 1,200,000,000 CNY, with a significant portion attributed to contract liabilities of 21,150,518.86 CNY[62]. - The company's total assets as of June 30, 2021, were 2,547,472,130.29 yuan, down from 2,600,053,304.99 yuan as of December 31, 2020[152]. - The company's total liabilities decreased from 479,267,166.93 yuan to 355,910,445.04 yuan, indicating a reduction in current liabilities[155]. Cash Flow - The net cash flow from operating activities was negative at CNY -108,137,447.85, which is an 88.63% decline compared to the previous year[22]. - Operating cash inflow for the first half of 2021 was CNY 1,385,820,993.61, a significant increase of 62.1% compared to CNY 854,291,833.95 in the first half of 2020[187]. - The net cash flow from investment activities increased to CNY 334,677,816.46, compared to CNY 144,353,313.43 in the previous year, marking a growth of 132.5%[190]. - The company reported a net cash outflow from financing activities of CNY 185,341,814.39, compared to a net outflow of CNY 85,162,969.76 in the same period last year[190]. Research and Development - The company reported a significant increase in R&D investment, enhancing product structure and achieving multiple international design awards, showcasing its leading industrial design capabilities[40]. - Research and development expenses rose to ¥62,250,525.27, a 63.31% increase due to higher personnel costs and material expenses[57]. - The company applied for 34 patents in the first half of 2021, focusing on new headphone designs and charging cases, indicating a strong commitment to innovation[39]. Market Presence and Product Development - The brand "EDIFIER" has become synonymous with high-quality multimedia audio products, leading the domestic market in sales for many years[31]. - The company has expanded its market presence internationally, with trademarks registered in over 80 countries, including Germany, the UK, and the US[31]. - The company has launched several new brands, including "Xemal," "HECATE," and "Volona," to enhance its market competitiveness[31]. - The company aims to enhance its market share in the audio and air purification sectors, leveraging its award-winning product lines to attract more consumers[46]. Shareholder Information - The company did not distribute cash dividends or bonus shares during the reporting period[3]. - The total number of ordinary shareholders at the end of the reporting period is 85,379, with a notable 27.66% held by Zhang Wendong[130]. - The company has a total of 478,039,870 unrestricted shares, representing 53.77% of the total shares outstanding[126]. Awards and Recognition - The company has received multiple international design awards, including the Red Dot Design Award and the iF Design Award, for its audio products[32]. - The company has received numerous prestigious awards for its audio products, including the Innovations Design and Engineering Award and the Red Dot Design Award, highlighting its strong market presence and product quality[42]. Strategic Initiatives - The company aims to leverage its strong R&D capabilities to continue delivering high-quality audio products at competitive prices[33]. - The company has implemented an APS-MES lean production management system to improve production efficiency and reduce costs in response to rising raw material and labor costs[81]. - The company plans to strengthen human resource management and performance evaluation systems to adapt to its expanding scale and complexity[85].

Financial Performance - The company's operating revenue for 2020 was CNY 1,934,181,462.09, representing a 55.59% increase compared to CNY 1,243,145,579.53 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 276,094,922.56, a significant increase of 124.85% from CNY 122,793,352.67 in 2019[20] - The net profit after deducting non-recurring gains and losses was CNY 248,758,368.31, up 165.84% from CNY 93,574,909.08 in 2019[20] - The net cash flow from operating activities reached CNY 287,817,779.84, a remarkable increase of 373.34% compared to CNY 60,805,289.86 in 2019[20] - The basic earnings per share for 2020 was CNY 0.31, reflecting a 121.43% increase from CNY 0.14 in 2019[20] - The total assets at the end of 2020 were CNY 2,600,053,304.99, which is a 17.29% increase from CNY 2,216,771,155.02 at the end of 2019[20] - The net assets attributable to shareholders at the end of 2020 were CNY 2,053,406,969.58, up 9.87% from CNY 1,869,005,035.36 at the end of 2019[20] Revenue Breakdown - The company's total revenue for the four quarters was as follows: Q1: ¥307,088,630.71, Q2: ¥441,970,039.05, Q3: ¥520,522,412.42, Q4: ¥664,600,379.91, showing a significant increase in Q4[25] - Net profit attributable to shareholders for the four quarters was: Q1: ¥49,384,767.81, Q2: ¥57,993,068.38, Q3: ¥77,223,153.73, Q4: ¥91,493,932.64, indicating a strong upward trend[25] - Headphone and headset products generated revenue of CNY 1,196.06 million, a year-on-year growth of 74.85%[64] - Multimedia speaker series revenue reached CNY 617.91 million, with a growth rate of 23.54%[64] Expenses and Costs - Management expenses rose to CNY 66.42 million, an increase of 14.72% due to higher office and labor costs[61] - R&D expenses increased by 43.06% to CNY 119.18 million, primarily due to rising labor costs and material expenses[61] - Sales expenses grew by 27.36% to CNY 128.61 million, driven by increased advertising and labor costs[61] R&D and Innovation - The company has a total of 234 valid authorized patents as of December 31, 2020, including 12 invention patents, 80 utility model patents, and 120 design patents in China[36] - In 2020, the company authorized 60 patents and applied for 65 patents, demonstrating its strong focus on research and development[36] - The company reported a significant increase in R&D investment, reflecting its commitment to upgrading product structure and innovation[42] - The company launched several new products, including TWS NB5 headphones and various charging cases, enhancing its product lineup[44] Market Strategy and Brand Development - The company has established a strong international brand presence, with trademarks registered in over 80 countries, enhancing its global market strategy[33] - The company aims to leverage its design awards to strengthen brand positioning and attract new customers[48] - The company intends to strengthen brand building and increase brand awareness, particularly among younger consumers, through collaborations with popular IPs like Disney and Doraemon[118] Dividend Policy - The company plans to distribute a cash dividend of 2 yuan per 10 shares, amounting to an estimated total of 177.82 million yuan[130] - The cash dividend for 2020 represents 64.41% of the net profit attributable to ordinary shareholders, which was approximately 276.09 million yuan[127] - The company has consistently increased its cash dividend payout, with the 2019 payout being 72.41% of the net profit attributable to ordinary shareholders[127] Corporate Governance and Compliance - The company has not faced any penalties or rectification issues during the reporting period[148] - The company has maintained its accounting firm, Da Hua Accounting Firm, for nine years, with an audit fee of CNY 1 million[145] - The company has not engaged in any related party transactions during the reporting period[152][153][154][155][158] Social Responsibility and Environmental Compliance - The company has actively fulfilled its social responsibilities, contributing over 9 million CNY to assist hearing-impaired children[168] - The company has implemented green and environmentally friendly production processes in compliance with international standards since 2006[168] Shareholder Information - The largest shareholder, Zhang Wendon, holds 29.53% of the shares, amounting to 262,587,793 shares, with a decrease of 76,195,993 shares during the reporting period[186] - The total number of common shareholders at the end of the reporting period was 107,557, an increase from 90,855 at the beginning of the period[186] - The company’s share capital increase was approved at the 2019 annual general meeting, allowing for a distribution of 5 new shares for every 10 shares held[180]

Financial Performance - The company's revenue for Q1 2021 was ¥525,878,927.70, representing a 71.25% increase compared to ¥307,088,630.71 in the same period last year[7] - Net profit attributable to shareholders was ¥78,363,377.57, up 58.68% from ¥49,384,767.81 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥72,197,445.73, reflecting a 67.43% increase from ¥43,121,184.09 in the previous year[7] - Basic and diluted earnings per share were both ¥0.09, a 50.00% increase from ¥0.06 in the same period last year[7] - The weighted average return on equity was 3.74%, up from 2.61% in the previous year[7] - The gross profit margin improved, with operating profit at CNY 96,762,592.50, reflecting a growth of 65.52% from CNY 58,458,803.40[22] - The company reported a total comprehensive income of CNY 81,844,016.42 for Q1 2021, compared to CNY 53,956,477.27 in the previous quarter, an increase of 51.7%[80] - Operating profit for Q1 2021 was CNY 96,762,592.50, up 65.5% from CNY 58,458,803.40 in the previous quarter[60] - Net profit for Q1 2021 was CNY 80,816,449.24, representing a 58.5% increase from CNY 50,996,929.44 in Q4 2020[60] - The company achieved a net profit attributable to shareholders of CNY 78,363,377.57, up 58.7% from CNY 49,384,767.81 in Q4 2020[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,634,910,683.60, a 1.34% increase from ¥2,600,053,304.99 at the end of the previous year[7] - Net assets attributable to shareholders increased by 4.39% to ¥2,143,467,028.00 from ¥2,053,406,969.58 at the end of the previous year[7] - The total amount of other non-current assets increased by 320.32% to CNY 25,197,990.49, mainly due to higher prepayments for equipment[22] - Non-current assets totaled CNY 610,514,128.00, up from CNY 580,235,750.02, indicating an increase of about 5.22%[42] - Current liabilities decreased to CNY 416,944,126.60 from CNY 479,267,166.93, reflecting a reduction of approximately 12.97%[44] - Total liabilities decreased to CNY 472,993,728.81 from CNY 530,729,311.62, a decline of about 10.87%[44] - The company's total liabilities decreased to CNY 15,926,054.13 from CNY 20,286,475.35, indicating a reduction of approximately 21.7%[53] - Total liabilities amounted to CNY 540,477,805.52 as of January 1, 2021, with a decrease of CNY 9,748,493.90 due to adjustments[111] Cash Flow - The net cash flow from operating activities was -¥74,888,340.87, a decline of 57.23% compared to -¥47,630,179.72 in the same period last year[7] - Cash inflow from operating activities was ¥693,467,906.15, up from ¥404,427,690.09, an increase of approximately 71%[98] - Cash outflow from operating activities totaled ¥768,356,247.02, compared to ¥452,057,869.81, an increase of about 70%[98] - Operating cash inflows totaled CNY 12,394,175.59, a significant increase from CNY 2,392,209.79 in the previous period[107] - Operating cash outflows amounted to CNY 38,563,427.73, compared to CNY 4,104,988.00 in the prior period, resulting in a net cash flow from operating activities of -CNY 26,169,252.14[107] - The company reported a cash outflow of CNY 303,452.31 from financing activities, resulting in a net cash flow from financing activities of -CNY 303,452.31[110] Research and Development - Research and development expenses increased by 69.26% to CNY 29,909,807.62, driven by higher labor costs and material expenses[22] - Research and development expenses rose to CNY 29,909,807.62, up 69.0% from CNY 17,670,604.47 in the previous quarter[57] - R&D expenses increased significantly to ¥1,133,000.88 from ¥627,133.11, representing an increase of about 80%[95] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 90,855[13] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[24] - The company has no significant securities or derivative investments during the reporting period[25][26] Other Information - The company has not audited the first quarter report, indicating it is unaudited[122] - The company implemented a new leasing standard starting in 2021, resulting in adjustments to the financial statements[111] - The company has implemented new leasing standards, affecting the financial statements[121]

Financial Performance - Net profit attributable to shareholders reached ¥77,223,153.73, a significant increase of 292.64% year-on-year[7]. - Operating revenue for the period was ¥520,522,412.42, reflecting an 88.90% increase compared to the same period last year[7]. - The net cash flow from operating activities was ¥294,261,037.85, up 669.60% year-on-year[7]. - Basic earnings per share were ¥0.0871, representing a 292.34% increase compared to the same period last year[7]. - The company reported a net profit excluding non-recurring gains and losses of ¥70,707,665.07, a 452.74% increase year-on-year[7]. - Operating profit surged by 132.89% to ¥234,101,342.82, driven by increased revenue[21]. - The company expects a cumulative net profit of ¥23,330.75 million for the year, representing a 90.00% increase compared to the previous year[30]. - The basic earnings per share are projected to rise by 90.00% to ¥0.27, reflecting strong sales growth in headphone products[30]. - The company reported a net profit margin of approximately 15.4% for Q3 2020, compared to 7.1% in Q3 2019, indicating improved profitability[64]. - Net profit attributable to the parent company for Q3 2020 was ¥77,223,153.73, compared to ¥19,667,896.40 in Q3 2019, marking an increase of 292.5%[64]. Assets and Liabilities - Total assets increased to ¥2,432,725,758.04, representing a 9.74% increase compared to the end of the previous year[7]. - The company's total current assets amounted to CNY 1,864,157,693.54, up from CNY 1,669,362,481.49, indicating an increase of about 11.7% year-over-year[41]. - The total liabilities increased to CNY 454,760,552.63 from CNY 340,588,518.86, marking a rise of about 33.4%[47]. - The company's equity attributable to shareholders rose to CNY 1,962,020,007.53 from CNY 1,869,005,035.36, which is an increase of approximately 5%[49]. - Total liabilities increased from ¥340,588,518.86 to ¥344,909,492.19, an increase of ¥4,320,973.33[139]. - Total equity reached 1,508,412,666.26, with retained earnings of 93,018,166.07[148]. Cash Flow - The company's cash and cash equivalents increased by 64.76% to ¥224,524,878.85 due to an increase in received payments during the reporting period[21]. - Cash flow from operating activities amounted to 1,336,461,762.26, a substantial increase from 839,367,279.40 in the previous period[120]. - Net cash flow from operating activities was CNY 236,933,431.71, significantly up from CNY 55,724,580.46 in the prior period[123]. - Cash and cash equivalents at the end of the period reached CNY 187,534,682.94, up from CNY 52,140,305.24 in the previous period[125]. - The company reported a net cash outflow from financing activities of CNY -86,359,102.44, compared to CNY -71,068,448.26 in the prior period[125]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 118,042[12]. - The top shareholder, Zhang Wendong, holds 30.45% of the shares, totaling 270,696,293 shares[12]. - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[17]. Expenses and Investments - Research and development expenses for Q3 2020 were ¥22,257,181.64, slightly up from ¥21,876,261.28 in Q3 2019, reflecting a growth of 1.7%[61]. - The company reported a significant increase in sales expenses, which rose to 372,395.81 yuan from 283,185.57 yuan, an increase of about 32%[96]. - Research and development expenses increased to 1,900,536.39 from 1,766,463.80, reflecting a commitment to innovation and product development[114]. - The investment income for the current period is 5,164,173.75 yuan, down from 11,008,903.99 yuan, indicating a decrease of approximately 53%[100]. Other Financial Metrics - The company reported a 100.24% increase in taxes payable, totaling ¥44,480,928.72, due to higher VAT and corporate income tax obligations[21]. - Other income rose by 574.28% to ¥2,680,216.43, primarily due to increased government subsidies received[21]. - The company has increased its long-term borrowings by 54.00% to ¥14,177,418.80, mainly due to additional loans from its Japanese subsidiary[21]. - The company has not undergone an audit for the third quarter report[151]. - The company implemented new revenue and lease standards starting in 2020, affecting prior comparative data[151].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 749,058,669.76, representing a 46.15% increase compared to CNY 512,528,717.37 in the same period last year[22]. - The net profit attributable to shareholders was CNY 107,377,836.19, up 77.24% from CNY 60,582,258.51 year-on-year[22]. - The net profit after deducting non-recurring gains and losses reached CNY 91,089,247.00, marking a 103.14% increase from CNY 44,841,258.73 in the previous year[22]. - The basic earnings per share increased to CNY 0.1212, a rise of 77.19% compared to CNY 0.0684 in the same period last year[22]. - The company achieved total revenue of CNY 749.06 million, an increase of 46.15% compared to the same period last year, primarily driven by a significant increase in headphone sales[54]. - Headphone sales generated revenue of CNY 441.15 million, representing a year-on-year growth of 74.31%, attributed to increased investment in the development of wireless Bluetooth headphones and capturing the growth opportunity in the TWS headphone market[62]. - The company reported a net profit of CNY 107.38 million, a 77.24% increase from CNY 60.58 million in the same period last year, mainly due to the substantial increase in headphone revenue[55]. - The company reported a net profit forecast for the period from January to September 2020, expected to increase by over 50% year-on-year[81]. - The estimated cumulative net profit for the period is expected to be 136.43 million CNY, representing a 70% increase compared to the same period last year, which was 80.25 million CNY[83]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,159,045,256.33, a decrease of 2.60% from CNY 2,216,771,155.02 at the end of the previous year[22]. - The company's current assets totaled CNY 1,587,648,619.79 as of June 30, 2020, down from CNY 1,669,362,481.49 at the end of 2019, indicating a decrease of about 4.9%[156]. - The company's total liabilities decreased to CNY 253,879,184.32 as of June 30, 2020, from CNY 340,588,518.86 at the end of 2019, a reduction of about 25.4%[159]. - The company's equity totaled CNY 1,432,741,318.44 as of June 30, 2020, compared to CNY 1,508,412,666.26 at the end of 2019, indicating a decrease of about 5.0%[171]. - The company's cash and cash equivalents decreased to CNY 128,012,540.85 as of June 30, 2020, from CNY 136,273,178.23 at the end of 2019, a decline of about 6.5%[154]. - The company's accounts receivable rose to CNY 195,578,513.19 as of June 30, 2020, up from CNY 176,253,225.35 at the end of 2019, indicating an increase of approximately 10.9%[154]. - The company's total financial assets measured at fair value were ¥882,319,926.16, with a fair value loss of ¥2,303,245.47 during the reporting period[67]. Cash Flow - The net cash flow from operating activities was negative at CNY -57,327,606.14, a significant decline of 427.79% compared to CNY 17,489,192.54 in the same period last year[22]. - The company reported a net cash flow from operating activities of -CNY 57.33 million, a significant decrease compared to CNY 17.49 million in the same period last year, mainly due to increased payments for materials and wages[56]. - The cash flow from operating activities resulted in a net outflow of -¥1,616,132.31 for the first half of 2020, an improvement from -¥6,800,932.53 in the first half of 2019[196]. - The cash inflow from investment activities was ¥657,617,504.46 in the first half of 2020, compared to ¥631,043,630.36 in the same period of 2019, indicating a growth of approximately 4.2%[196]. Research and Development - The company has a comprehensive R&D team focused on audio product development, ensuring high-quality and cost-effective products[35]. - The company has significantly increased its R&D investment, resulting in multiple international design awards for its products, showcasing its strong R&D capabilities and industry-leading design standards[38]. - Research and development expenses amounted to CNY 38.12 million, an increase of 18.18% year-on-year, primarily due to rising labor costs for R&D personnel[55]. - In the first half of 2020, the company filed for 29 patents, including 20 utility model patents and 9 design patents, indicating a robust pipeline for innovation[38]. Product Development and Market Strategy - The company launched multiple new products, including air purifiers and masks, expanding its product line beyond audio technology[30]. - The company is focused on continuous product upgrades and technological advancements to meet evolving consumer demands[38]. - The company plans to develop high-end and professional audio products, including TWS wireless Bluetooth earphones and active noise-cancelling headphones, to enhance its product lineup and seek new revenue growth[84]. - The company has actively expanded into emerging fields, such as air purification systems, through joint ventures[30]. Shareholder Information - The company has a total of 889,147,500 shares outstanding after the recent capital increase, with a significant increase in the number of shares due to capital reserve conversion[123]. - The largest shareholder, Zhang Wendong, holds 31.44% of the shares, with a total of 279,587,700 shares, having increased his holdings by 93,195,900 shares during the reporting period[130]. - The second-largest shareholder, Xiao Min, holds 23.45% of the shares, totaling 208,500,000 shares, with an increase of 63,587,200 shares during the reporting period[130]. - The company has not distributed cash dividends or bonus shares for the reporting period[90]. Awards and Recognition - The company received multiple design awards, including the Red Dot Design Award and the iF Design Award, for its audio products[30]. - The TWS6 true wireless earphones won the 2020 Red Dot Design Award, further enhancing the company's reputation in the audio product market[47]. - The company's products have consistently received prestigious awards, such as the Red Dot Design Award and the CES Design and Engineering Innovation Award, reflecting its commitment to quality and innovation[39][42][47]. Market Presence - The "EDIFIER" brand has become synonymous with high-quality multimedia audio products, leading the domestic market in sales for many years[30]. - The company has established a solid and expanding marketing channel, which is crucial for maintaining its competitive edge in the industry[47]. - The company has registered its trademarks in over 80 countries and regions, enhancing its global market presence[30]. - The company has established a stable and extensive international sales network, covering over 50 countries and regions, with more than 50 overseas exclusive distributors[54].