证券代码：002388 证券简称：新亚制程 公告编号：2020-059 深圳市新亚电子制程股份有限公司 关于参加 2020 深圳辖区上市公司投资者 网上集体接待日活动的公告 为进一步加强与投资者的互动交流工作，深圳市新亚电子制程股份有限公司（以 下简称"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 "诚实守信，做受尊重的上市公司"—2020 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，参与公司本次投资者集体接待日活动，活动时间为 2020 年 12 月 8 日 9:00 至 17:00，其中公司与投资者网上交流时间为 2020 年 12 月8 日 15:30 至 17:00。 届时公司的总经理胡大富先生、董事会秘书伍娜女士及财务总监胡丹女士将通过 网络文字交流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。 深圳市新亚电子制程股份有限公司 董事会 2020 年 1 ...

Financial Performance - Operating revenue for the reporting period was ¥700,353,695.56, reflecting a growth of 68.46% year-on-year[8] - Net profit attributable to shareholders was ¥6,604,557.07, a decrease of 35.49% compared to the same period last year[8] - Basic earnings per share were ¥0.0131, down 35.47% from the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥5,887,409.41, a decrease of 40.03% year-on-year[8] - The company reported a net profit attributable to shareholders of ¥35,521,435.49, a slight increase of 2.42% from ¥34,680,816.03[17] - Net profit for the quarter was CNY 251,479.85, a decrease from CNY 7,900,565.01 in the same period last year[38] - The total profit for the third quarter was CNY 31.22 million, a decrease of 21.9% from CNY 39.98 million in the previous year[46] - The company reported a total profit of CNY 1,274,242.34, down from CNY 12,200,132.68 in the previous year[38] Cash Flow and Liquidity - The net cash flow from operating activities was -¥59,952,064.97, a decline of 641.32% year-on-year[8] - The company's cash and cash equivalents decreased by 33.99% to ¥335,283,802.75 from ¥507,909,449.05 due to increased cash expenditures associated with business growth[16] - The net cash flow from operating activities was negative at -¥314,533,755.73, worsening by 96.43% compared to -¥160,123,475.11, due to increased accounts receivable and inventory[17] - The company reported a cash flow from operating activities of CNY -314.53 million, worsening from CNY -160.12 million in the same period last year[52] - The net cash flow from operating activities for the current period is -120,650,213.72, compared to -228,698,995.29 in the previous period, indicating an improvement of approximately 47.5%[54] - The total cash inflow from financing activities is 932,467,213.72, significantly higher than 392,569,635.56 in the previous period, representing an increase of about 137.5%[54] - The cash inflow from sales of goods and services is 178,239,019.96, slightly down from 180,969,627.26, showing a decrease of about 1.5%[54] - The cash outflow for debt repayment was 527,715,407.88, compared to 330,130,000.00 in the previous period, which is an increase of about 60%[53] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,741,590,788.48, an increase of 27.02% compared to the previous year[8] - The total liabilities reached CNY 1,465,123,255.22, compared to CNY 854,774,062.31 in the previous year, showing a substantial increase[30] - Current liabilities increased to CNY 1,454,993,406.39 from CNY 844,979,396.13, reflecting a rise in short-term borrowings and accounts payable[30] - Total current liabilities amounted to ¥844,979,396.13, with short-term borrowings at ¥530,571,327.07 and accounts payable at ¥178,831,433.24[60] - The total assets of the company were reported at ¥2,158,328,301.22, with current assets amounting to ¥1,310,896,213.72[61] - The total liabilities and equity combined amounted to ¥1,805,422,973.76, reflecting the company's financial structure[65] Shareholder Information - The company reported a total of 32,734 common shareholders at the end of the reporting period[12] - Shenzhen New Power Electronics Group Co., Ltd. held 42.07% of the shares, amounting to 211,941,873 shares, with 126,300,000 shares pledged[12] - The equity attributable to shareholders of the parent company was CNY 1,173,141,797.34, down from CNY 1,187,822,771.86[31] - The company reported a decrease in undistributed profits from ¥195,747,055.28 to ¥107,184,618.60, indicating potential changes in profit retention strategies[65] Research and Development - Research and development expenses grew by 105.67% to ¥17,457,740.75 from ¥8,488,259.63, reflecting increased investment in electronic processing and new material products[17] - Research and development expenses increased to CNY 9,124,055.52, compared to CNY 3,618,354.24 in the previous year, indicating a focus on innovation[38] - Research and development expenses increased significantly to CNY 5.77 million, up from CNY 1.04 million year-on-year, indicating a focus on innovation[47] Future Outlook - The company has indicated plans for market expansion and new product development as part of its future strategy[46] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting[66]

Business Strategy and Market Position - The company reported a significant reliance on the electronic processing industry, with plans to diversify into smart home and automotive electronics to mitigate risks associated with market fluctuations [4]. - The company's largest customer has been Huawei Technologies Co., with a high customer concentration risk; efforts are being made to enhance service and expand the product line to reduce dependency on a single client [5]. - The company has accumulated a strong client base, including major players like Huawei and Foxconn, enhancing its market position [42]. - The company aims to optimize its business structure and enhance its overall strength by expanding into new materials for construction decoration [81]. - The company has a diverse product line and a strong marketing network across key electronic manufacturing regions in China [31]. Financial Performance - The company achieved operating revenue of ¥954,544,328.27, representing a year-on-year increase of 69.28% [21]. - The net profit attributable to shareholders was ¥28,916,878.42, up 18.31% compared to the same period last year [21]. - The net profit after deducting non-recurring gains and losses was ¥26,864,857.27, reflecting a 6.35% increase year-on-year [21]. - The electronic process business generated revenue of ¥900,217,330.14, with a significant year-on-year increase of 89.99% [47]. - The company reported a negative net cash flow from operating activities of ¥254,581,690.76, worsening by 48.71% compared to the same period last year [21]. Risk Management - The company faces risks related to fluctuating gross margins influenced by various factors, including raw material prices and production efficiency; strategies are in place to enhance operational control and innovation [7]. - Accounts receivable increased due to revenue growth, posing a risk of uncollectible amounts if economic conditions worsen; the company will focus on long-term, creditworthy clients [83]. - The ongoing COVID-19 pandemic poses uncertainties for the company's operations, although domestic control measures have improved [10]. - The company has maintained a risk reserve of 22,583,000 yuan, ensuring financial stability [179]. Operational Efficiency - The company has strengthened its internal management, improving overall operational efficiency and optimizing operational conditions [32]. - The procurement strategy includes centralized, global, and just-in-time purchasing to optimize supply chain efficiency and reduce costs [35]. - The company has established a comprehensive supplier evaluation system and maintains long-term relationships with key suppliers to ensure stability [35]. - The company focuses on process technology and product development to meet future capacity, efficiency, quality, and cost requirements [34]. Research and Development - Research and development investment rose to ¥8,333,685.23, marking a 71.13% increase compared to the previous year [52]. - The company has developed a complete technical system in various areas such as welding, lubrication, and testing, ensuring its leading position in the industry [42]. Shareholder Information - The company reported a total share count of 503,766,600, with 20.68% being restricted shares and 79.32% being unrestricted shares [128]. - The largest shareholder, Shenzhen Xindida Electronic Group Co., Ltd., holds 215,861,873 shares, representing 42.85% of total shares [134]. - Shareholder Xu Qi holds 20,985,560 shares, accounting for 4.17% of total shares, following the completion of inheritance procedures [134]. Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment [96]. - The company reported no penalties or rectifications during the reporting period [99]. - There were no significant media inquiries or doubts regarding the company's operations during the reporting period [98]. Dividend and Capital Management - The company plans to distribute cash dividends of 1 RMB per 10 shares, based on a total of 502,024,100 shares [10]. - The company did not implement any stock incentive plans or employee shareholding plans during the reporting period [100]. Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units as per environmental protection regulations [119]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans [120].

Financial Performance - The company's operating revenue for Q1 2020 was ¥419,101,149.79, representing a 75.28% increase compared to ¥239,098,366.78 in the same period last year[8]. - Net profit attributable to shareholders was ¥9,455,835.09, up 14.61% from ¥8,250,568.85 year-on-year[8]. - The company reported a basic earnings per share of ¥0.0188, which is a 14.63% increase from ¥0.0164 in the same period last year[8]. - The total operating revenue for Q1 2020 was CNY 48,510,339.33, compared to CNY 60,087,407.58 in the previous period, indicating a decrease of approximately 19.4%[39]. - The net profit for Q1 2020 was CNY 5,728,885.54, down from CNY 8,413,044.93 in the same period last year, representing a decline of about 32.0%[37]. - The operating profit for Q1 2020 was CNY 9,155,279.18, slightly lower than CNY 9,710,067.86 in the previous year, showing a decrease of approximately 5.7%[37]. - The total comprehensive income for Q1 2020 was CNY 5,728,885.54, down from CNY 8,413,044.93 in the same period last year, a decrease of approximately 32.0%[38]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥139,816,242.24, a significant decline of 644.62% compared to -¥18,776,959.19 in the previous year[8]. - The company's cash and cash equivalents increased by 18.44% to ¥601,548,222.57 compared to the previous year, primarily due to significant growth in the electronic processing business[15]. - The cash inflow from operating activities was CNY 569,113,123.15, compared to CNY 507,932,533.39 in the previous period, representing an increase of about 12.0%[43]. - The company reported a total operating cash inflow of 168,409,623.50 CNY, down from 256,785,399.05 CNY in the previous period, highlighting a decline in revenue generation[47]. - Cash and cash equivalents at the end of the period totaled 401,587,182.23 CNY, compared to 467,902,993.18 CNY at the end of the previous period, indicating a decrease in liquidity[45]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,513,995,803.38, an increase of 16.48% from ¥2,158,328,301.22 at the end of the previous year[8]. - Current assets totaled CNY 1,488,429,462.56 as of March 31, 2020, up from CNY 1,310,896,213.72 at the end of 2019, reflecting a growth of approximately 13.5%[30]. - Total liabilities increased to CNY 1,204,712,678.94 from CNY 854,774,062.31, representing a rise of about 40.8%[29]. - The company's total assets reached CNY 2,513,995,803.38, up from CNY 2,158,328,301.22, which is an increase of about 16.4%[30]. - The accounts payable rose to CNY 272,876,643.44 from CNY 178,831,433.24, which is an increase of approximately 52.6%[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,988[11]. - The largest shareholder, Shenzhen Xindida Electronics Group Co., Ltd., held 43.05% of the shares, amounting to 216,861,873 shares[11]. - The company's equity attributable to shareholders was CNY 1,197,278,606.95, compared to CNY 1,187,822,771.86, showing a modest increase of approximately 0.4%[30]. Operational Insights - The company received government subsidies amounting to ¥684,902.72 during the reporting period[9]. - There were no significant changes in the company's non-recurring gains and losses, with a total of ¥555,297.97 reported[9]. - The company did not report any significant new strategies or product developments during the reporting period[17]. - The company implemented new revenue and lease standards starting in 2020, with retrospective adjustments not applicable[54]. Expenses - The company's financial expenses decreased by 71.30% to ¥4,293,991.50, as a result of reduced financial costs from leasing in the previous year[16]. - Research and development expenses for Q1 2020 were CNY 2,118,620.37, down from CNY 2,796,205.91 in the previous period, reflecting a reduction of about 24.3%[36]. - The financial expenses for Q1 2020 were CNY 1,232,534.73, significantly lower than CNY 4,293,991.50 in the previous year, indicating a decrease of approximately 71.3%[36].

Financial Performance - The company reported a significant increase in accounts receivable due to revenue growth, which poses a risk of uncollectible debts in a declining economic environment[7]. - The company's operating revenue for 2019 was CNY 1,514,989,472.31, representing an increase of 80.86% compared to CNY 837,647,796.68 in 2018[23]. - The net profit attributable to shareholders for 2019 was CNY 51,774,982.52, a growth of 60.97% from CNY 32,164,103.21 in 2018[23]. - The first quarter revenue was CNY 239,098,366.78, while the fourth quarter revenue reached CNY 535,368,678.65, indicating a significant increase throughout the year[25]. - The net cash flow from operating activities improved to CNY 205,202,630.57 in the fourth quarter, compared to a negative cash flow in the earlier quarters[25]. - The total assets at the end of 2019 were CNY 2,158,328,301.22, reflecting a 9.40% increase from CNY 1,972,788,809.86 at the end of 2018[29]. - The net profit excluding non-recurring gains and losses reached 50.35 million yuan, reflecting a significant growth of 142.10% year-on-year[38]. - The company reported a cash dividend of CNY 9,997,915.00 for 2019, which is 19.31% of the net profit attributable to shareholders[111]. Business Strategy and Market Position - The company plans to diversify its product offerings into smart home and automotive electronics to mitigate risks associated with high industry dependence[5]. - The company is focusing on expanding its customer base to reduce high customer concentration risk, aiming to enhance customer satisfaction and prevent client loss[6]. - The company is actively exploring development opportunities and optimizing its business and product structure to adapt to market demands[51]. - The company aims to integrate existing supply chain management and factoring services to support sustainable development[95]. - The company plans to focus on "product + service + industry support" strategy, aiming to enhance electronic process services and building decoration new material processing services[95]. Operational Efficiency and Management - The company has implemented a refined management approach to improve operational efficiency and internal control systems[55]. - The company is focused on maintaining a stable profit margin while expanding its core process product offerings and industry support services[54]. - The company has established a comprehensive procurement database and emphasizes long-term relationships with suppliers to stabilize the supply chain[40]. - The company has a diverse sales model that includes technical communication with clients to ensure product quality and process efficiency[42]. - The company is currently adjusting its project plans based on macroeconomic conditions, impacting the expected benefits of its supply chain management services[85]. Risks and Challenges - The company acknowledges high dependence on the electronic process industry, which poses risks due to market fluctuations, and plans to diversify into smart home and automotive electronics sectors[100]. - The company faces risks from high customer concentration, which could impact performance if major clients reduce orders or prices[101]. - The company reported significant accounts receivable due to revenue growth, which may pose risks related to supply chain and commercial factoring businesses[102]. - The company’s gross profit margin is influenced by various factors including industry conditions, customer structure, and raw material prices, which could lead to a decline in profitability if adverse changes persist[104]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for 2018 and 2019, with profits carried forward to the next year[111]. - The company’s board of directors proposed not to distribute cash dividends for 2019, focusing on long-term strategic development and risk management[115]. - The company has repurchased a total of 1,742,500 shares, accounting for 0.35% of the total shares outstanding[178]. - The total number of shares before the repurchase was 503,766,600, with 20.68% being restricted shares[179]. - The company has not conducted any repurchase transactions among the top 10 ordinary shareholders during the reporting period[184]. Legal and Compliance Matters - The company has no significant litigation or arbitration matters during the reporting period[139]. - The company is involved in other litigation cases with a total amount of 5,521,537.51 yuan[141]. - The company has completed the relocation of its factory as per the court's decision, with a deadline set for January 20, 2020[140]. - The company has a pending lawsuit regarding a contract dispute with a total claim amount of 2,052,000 yuan[141]. Research and Development - Research and development expenses totaled ¥12,267,448.89, representing 0.81% of operating revenue[74]. - The number of R&D personnel increased by 1.54% to 66, while the proportion of R&D personnel decreased to 7.64%[74]. Corporate Governance - The actual controller Xu Qi has issued a commitment letter to avoid competition, promising not to engage in or assist any entity in direct or indirect competition with the company[116]. - The company has established a framework to ensure that the remuneration of directors and senior management is linked to the execution of the company's return measures[120]. - The commitments are designed to protect the company's interests and maintain competitive integrity in the market[117].

Financial Performance - Operating revenue for the reporting period was ¥415,735,663.49, representing an 84.19% increase year-on-year[7]. - Net profit attributable to shareholders was ¥10,238,459.38, a significant increase of 216.50% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,817,971.14, up 309.28% year-on-year[7]. - Basic earnings per share for the reporting period was ¥0.0203, reflecting a 217.19% increase compared to the same period last year[7]. - Net profit rose by 45.77% to ¥28,904,968.95, attributed to business growth[17]. - Total operating revenue for Q3 2019 reached CNY 415.74 million, a significant increase of 84.3% compared to CNY 225.71 million in the same period last year[37]. - Net profit for Q3 2019 was CNY 7.90 million, compared to a net profit of CNY 0.34 million in Q3 2018, marking a substantial increase[38]. - Basic earnings per share increased to CNY 0.0688 from CNY 0.0451, reflecting a growth of 52.5%[45]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,007,833,073.72, an increase of 1.78% compared to the previous year[7]. - Total current assets amounted to CNY 1,540,276,196.57, with cash and cash equivalents at CNY 503,892,297.50[60]. - Total liabilities increased from CNY 695,451,226.88 to CNY 714,671,642.83, reflecting a growth of about 2.5%[29]. - The company's total assets reached CNY 2,007,833,073.72, up from CNY 1,972,788,809.86, indicating an increase of approximately 1.8%[30]. - Total liabilities increased to CNY 577.28 million from CNY 519.28 million, reflecting a growth of 11.1% year-over-year[35]. - Total liabilities amounted to CNY 519,279,370.57, with current liabilities at CNY 511,533,172.26[65]. Cash Flow - The net cash flow from operating activities was ¥11,075,244.46, a 67.35% increase compared to the same period last year[7]. - The net cash flow from operating activities improved by 56.91% to -¥160,123,475.11, reflecting recovery in cash from previous investments[17]. - The total cash inflow from operating activities was CNY 1,575,076,447.04, an increase from CNY 1,290,129,421.66 in the previous period, representing a growth of approximately 22.1%[51]. - The total cash outflow from investing activities was CNY 49,559,212.04, a decrease from CNY 267,151,432.62 in the previous period, indicating a reduction of approximately 81.5%[53]. - The total cash inflow from financing activities was CNY 392,569,635.56, down from CNY 1,032,150,431.35 in the previous period, reflecting a decrease of about 61.9%[53]. Shareholder Information - The company reported a total of 43,686 common shareholders at the end of the reporting period[11]. - The largest shareholder, Shenzhen Xindida Electronics Group Co., Ltd., held 44.75% of the shares, amounting to 225,447,117 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The company repurchased 1,742,500 shares at a total cost of ¥9,999,922.31, representing 0.3459% of total share capital[18]. Inventory and Receivables - Inventory increased by 46.56% to ¥331,732,063.32, resulting from increased stock and goods dispatched due to business expansion[15]. - Accounts receivable increased from CNY 387,779,647.74 to CNY 398,874,998.39, indicating a growth of approximately 2.8%[27]. - Accounts payable increased by 55.51% to ¥149,746,532.48, reflecting higher procurement activities due to business growth[16]. - The company reported a significant increase in prepayments from CNY 28,174,031.21 to CNY 114,892,131.22, which is an increase of approximately 307%[27]. Research and Development - Research and development expenses rose by 8.57% to ¥8,488,259.63, indicating continued investment in innovation[17]. - Research and development expenses for the quarter were CNY 3.62 million, a slight increase from CNY 3.27 million in Q3 2018[37]. - Research and development expenses were CNY 8,488,259.63, a 8.6% increase from CNY 7,818,517.31 year-over-year, highlighting ongoing investment in innovation[42]. Future Outlook - The company is focusing on market expansion and new product development as part of its strategic initiatives for future growth[42]. - Future outlook includes potential market expansion, but specific strategies were not disclosed in the provided data[60].

Financial Performance - The company achieved operating revenue of ¥563,885,130.17, representing a year-on-year increase of 25.92%[21]. - The net profit attributable to shareholders was ¥24,442,356.65, up 25.53% compared to the same period last year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥25,260,720.20, reflecting a significant increase of 111.17% year-on-year[21]. - The net cash flow from operating activities improved to -¥171,198,719.57, a 54.73% reduction in losses compared to the previous year[21]. - Total assets at the end of the reporting period were ¥2,096,140,053.05, an increase of 6.25% from the end of the previous year[21]. - The company's weighted average return on equity was 2.11%, up from 1.59% in the previous year[21]. - Operating costs increased by 34.61% to RMB 475,542,221.91, primarily driven by the rise in operating revenue[53]. - The architectural decoration new materials business experienced a significant revenue increase of 86.37% to RMB 64,401,494.63, attributed to enhanced sales channel development[55]. - The company reported a total comprehensive loss of CNY 3.44 million for the first half of 2019, compared to a comprehensive income of CNY 13.05 million in the same period of 2018[166]. Risk Factors - The company relies heavily on the electronic manufacturing industry, which poses risks due to macroeconomic fluctuations and rapid changes in downstream demand[5]. - The company has a high customer concentration, which could negatively impact performance if major clients reduce orders or sales[6]. - The company reported a significant increase in accounts receivable due to revenue growth, indicating a need for improved risk management in client selection and internal controls[6]. - The company has ongoing fundraising projects aimed at supply chain management and operational funding, but market uncertainties could affect their implementation and expected returns[10]. - The company is subject to a 15% preferential tax rate as a high-tech enterprise, and losing this qualification could negatively impact net profit[86]. - The company has strengthened management controls and internal governance to enhance operational efficiency and risk management capabilities[50]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares, focusing on reinvestment[10]. - The company focuses on optimizing product structure and enhancing comprehensive service capabilities to improve market competitiveness[32]. - The company continues to invest in R&D for process technology and products to meet future demands in capacity, efficiency, quality, and cost[34]. - Future strategies include expanding supply chain management services and leveraging internal synergies to foster business growth[49]. - The company aims to diversify its business structure to mitigate risks associated with high industry dependence and customer concentration[83]. - The company is focusing on expanding its market presence and product lines to reduce reliance on major clients and enhance order sources[83]. Investments and Acquisitions - The company has invested in Keso Huagangyu, holding a 51% stake, but faces risks related to unmet performance expectations during the R&D and market expansion phase[9]. - The company has ongoing fundraising projects related to supply chain management in the electronic information manufacturing industry, but market uncertainties could affect project implementation and expected returns[88]. - The company is actively exploring new market demands and entering new segments to broaden its customer base and revenue streams[83]. Operational Efficiency - The company's gross profit margin is influenced by various factors, including industry conditions and raw material prices, necessitating enhanced operational efficiency and product innovation[7]. - The company has established a comprehensive procurement database and emphasizes long-term relationships with suppliers to stabilize the supply chain[34]. - The company emphasizes a procurement strategy that includes centralized, global, and just-in-time procurement to optimize supply chain efficiency[35]. - The company has developed a complete technical system and process solutions in areas such as welding, fastening, lubrication, and purification, ensuring its leading position in the industry[41]. Shareholder Information - The company has not engaged in any securities or derivative investments during the reporting period[66][67]. - The company has not reported any significant related party transactions during the reporting period[106]. - The total number of common shareholders at the end of the reporting period is 44,143[133]. - The largest shareholder, Shenzhen Xinlida Electronics Group Co., Ltd., holds 45.62% of the shares, totaling 229,815,417 shares[133]. - The company has not reported any changes in the shareholding of directors, supervisors, and senior management during the reporting period[142]. Legal and Regulatory Matters - The company faced a lawsuit regarding the validity of a share transfer agreement, which is not expected to have a significant impact on profits[97]. - The company is involved in a contract dispute with Shenzhen Crystal Technology, which is not expected to have a major impact[97]. - The company has no significant media scrutiny or regulatory penalties during the reporting period[99][100]. Sustainability and Corporate Responsibility - The company promotes green development and strictly adheres to environmental protection laws[118]. - The company is committed to sustainability initiatives, with plans to reduce carbon emissions by 30% over the next five years[123].

Corporate Governance and Management - The company has not experienced any changes in its controlling shareholder[15]. - The company has appointed Lixin Certified Public Accountants as its auditing firm for the reporting period[16]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[3]. - The company has made commitments to avoid competition and protect shareholder interests[99]. - The company’s management has ensured compliance with commitments regarding competition and related party transactions[99]. - The company has established performance commitments for its directors and senior management to ensure compliance with the remuneration system[104]. - The company is in the process of enhancing its corporate governance structure to improve board independence and oversight[178]. - The current board includes a mix of experienced professionals with backgrounds in finance and management, contributing to strategic decision-making[180]. - The company has maintained a stable leadership team with no significant changes in shareholding among directors and senior management[176]. - The governance structure of the company is compliant with the relevant regulatory requirements, and there have been no administrative penalties from regulatory authorities[196]. Financial Performance - The company’s operating revenue for 2018 was approximately CNY 837.65 million, a decrease of 3.98% compared to the previous year[17]. - The net profit attributable to shareholders was CNY 32.16 million, representing a decline of 40.09% year-on-year[17]. - The net cash flow from operating activities was negative CNY 224.19 million, a significant decrease of 422.86% compared to the previous year[17]. - The basic earnings per share were CNY 0.0638, down 46.34% from the previous year[17]. - Total assets at the end of 2018 were CNY 1.97 billion, a decrease of 7.39% from the end of 2017[17]. - The net assets attributable to shareholders decreased by 5.97% to CNY 1.15 billion compared to the end of 2017[17]. - The company achieved operating revenue of ¥837,647,796.68, a slight increase compared to the previous year[28]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥20,795,707.72, representing a year-on-year growth of 26.98%[28]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2018, representing a year-over-year growth of 12%[186]. Business Operations and Strategy - The company reported a change in its business scope to include the sale and after-sales service of electronic tools, instruments, and chemical products as of June 4, 2018[15]. - The company is engaged in the research and sales of microcrystalline superhard materials and purification engineering design and installation[15]. - The company has established itself as a strong player in the electronic process service industry, providing comprehensive solutions to major clients like Huawei and Foxconn[27]. - The company focuses on electronic process solutions, products, and industry support services, enhancing production efficiency and product quality for clients[25]. - The company focuses on R&D in process technology and product development to meet future capacity, efficiency, quality, and cost requirements[29]. - The company has accumulated a strong customer base, including major clients like Huawei and Foxconn, enhancing its market position[37]. - The company is actively seeking quality acquisition targets to enhance overall profitability and risk resistance, particularly in stable industry segments[89]. - The company plans to optimize its business structure by focusing on new materials for construction and decoration, aiming to reduce operational risks and enhance overall strength[88]. Market and Competitive Landscape - The competitive landscape in the electronic manufacturing industry is intensifying, with increasing demands for quality and service from clients[26]. - The marketing network is well-established in key regions, improving logistics efficiency and customer satisfaction[37]. - The company has increased its market expansion efforts, focusing on engineering projects, which resulted in longer payment cycles and insufficient performance release[113]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2020[152]. Research and Development - Research and development expenses increased by 61.34% to 12,078,900.39 yuan, reflecting the company's investment in new product development[60]. - The company is investing 200 million RMB in R&D for innovative technologies in the next fiscal year[156]. - New product development includes a next-generation electronic component expected to launch in Q3 2019, projected to increase sales by 30%[156]. Cash Flow and Investment - The company’s net cash flow from operating activities was negative in 2018, influencing the decision not to distribute profits[97]. - The cash flow from investment activities increased by 375.44% to 418,102,278.27 yuan, mainly due to cash recovered from previous investments[63]. - The company has engaged in cash management using idle raised funds, with a total of CNY 28 million in bank financial products[142]. Shareholder and Equity Information - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company did not distribute cash dividends in 2018, despite having positive net profit available for distribution to common shareholders[95]. - The company has committed to a profit distribution policy that emphasizes sustainable development and shareholder returns[95]. - The company has initiated a share repurchase plan with a budget between 50 million and 100 million RMB, expected to be completed by October 9, 2019[97]. Legal and Compliance Matters - The company is involved in litigation with a total amount of 22.686 million yuan, with an estimated liability of 0 yuan as of the report date[123]. - The company has ongoing litigation regarding a rental dispute, with a claim for overdue rent and interest amounting to 69.21 million yuan, which is still pending[126]. - The company has no penalties or rectification situations during the reporting period[124]. - The company has no significant related party transactions or external guarantees involving related parties during the reporting period[131][133]. Employee and Workforce Information - The total number of employees in the company is 806, with 51 in the parent company and 668 in major subsidiaries[190]. - The company has a total compensation of 354.65 million CNY for directors and senior management during the reporting period[189]. - The professional composition includes 403 production personnel, 72 sales personnel, 52 technical personnel, 42 financial personnel, 26 administrative personnel, and 211 others[191].

Financial Performance - The company's operating revenue for Q1 2019 was ¥239,098,366.78, representing a 30.23% increase compared to ¥183,601,600.86 in the same period last year[7] - The net profit attributable to shareholders decreased by 33.98% to ¥8,250,568.85 from ¥12,497,315.85 year-on-year[7] - The basic earnings per share decreased by 33.87% to ¥0.0164 from ¥0.0248 in the same period last year[7] - The company reported a significant decrease in investment income, with a loss of ¥34,475.47 compared to a gain of ¥7,127,689.46 in the previous year[17] - Net profit for the current period was ¥8,413,044.93, down from ¥15,361,826.26, indicating a decline of approximately 45.2%[38] - The company's operating profit decreased to ¥9,710,067.86 from ¥19,869,561.34, a decline of approximately 51.1%[38] - The total profit for the current period was ¥9,720,407.72, compared to ¥19,917,083.64 in the previous period, a decrease of approximately 51.2%[38] Cash Flow - The net cash flow from operating activities was negative at -¥18,776,959.19, an improvement of 94.70% compared to -¥354,565,169.86 in the previous year[7] - Cash flow from operating activities improved by 94.70%, resulting in a net cash outflow of ¥18,776,959.19[17] - Total cash inflow from operating activities reached 507,932,533.39 CNY, while cash outflow was 526,709,492.58 CNY, resulting in a net cash flow of -18,776,959.19 CNY[46] - The company experienced a net increase in cash and cash equivalents of 22,988,519.87 CNY, contrasting with a decrease of 98,188,466.76 CNY in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period increased by 8.08% to ¥2,132,213,424.57 from ¥1,972,788,809.86 at the end of the previous year[7] - Total liabilities increased to CNY 819,462,796.67 from CNY 695,451,226.88, indicating a rise of approximately 17.8%[29] - Current liabilities rose to CNY 808,025,325.64, compared to CNY 687,109,861.78, reflecting an increase of about 17.6%[29] - Total current assets were CNY 1,111,506,779.40, with cash and cash equivalents at CNY 395,638,217.28[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,353[11] - The largest shareholder, Shenzhen Xindida Electronics Group Co., Ltd., held 46.42% of the shares, amounting to 233,824,717 shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] - The company repurchased 1,125,400 shares, accounting for 0.2234% of total share capital, at a total cost of ¥6,601,047[19] Research and Development - Research and development expenses increased by 59.81% to ¥2,796,205.91, reflecting higher investment in new product development[17] - Research and development expenses rose to ¥2,796,205.91 from ¥1,749,658.01, marking an increase of about 59.9%[36] Other Financial Metrics - The company reported a non-recurring gain of ¥294,199.55 during the reporting period[8] - Other income increased to ¥334,655.48 from ¥173,020.26, representing an increase of approximately 93.5%[36] - The company reported a financial expense of ¥4,293,991.50, down from ¥5,709,438.35, a reduction of about 24.8%[36]

Financial Performance - The company's operating revenue for 2018 was approximately CNY 837.65 million, a decrease of 3.98% compared to the previous year[17]. - The net profit attributable to shareholders was CNY 32.16 million, representing a decline of 40.09% year-on-year[17]. - The net cash flow from operating activities was negative CNY 224.19 million, a significant decrease of 422.86% compared to the previous year[17]. - The basic earnings per share were CNY 0.0638, down 46.34% from the previous year[17]. - Total assets at the end of 2018 were CNY 1.97 billion, a decrease of 7.39% from the end of 2017[17]. - The net assets attributable to shareholders decreased by 5.97% to CNY 1.15 billion compared to the previous year[17]. - The company achieved operating revenue of ¥837,647,796.68, a slight increase compared to the previous year[28]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥20,795,707.72, representing a year-on-year growth of 26.98%[28]. - The company reported a 28% increase in sales volume of electronic adhesives, reaching 95,690.29 kg in 2018[51]. - The company achieved a revenue of 57.03 million yuan from building decoration new materials, representing a growth of 906.93% compared to the previous year[52]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2018, representing a growth of 15% compared to the previous year[184]. Business Strategy and Operations - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company reported a change in its business scope to include the sale and after-sales service of electronic tools, instruments, and chemical products as of July 5, 2018[15]. - The company has established a comprehensive electronic process technology system, enhancing its competitive advantage in the market[27]. - The company serves major clients such as Huawei, Foxconn, OPPO, and ZTE, indicating a strong market position[27]. - The company focuses on providing "one-stop" consulting, products, and supporting services to improve production efficiency and product quality for its clients[25]. - The company has focused on promoting its proprietary products, increasing market awareness and competitiveness[28]. - The company has established a comprehensive procurement database and emphasizes long-term relationships with suppliers[29]. - The procurement strategy includes centralized, global, and just-in-time purchasing to optimize supply chain efficiency[30]. - The company has developed a complete technical system and process solutions in various areas such as welding, lubrication, and testing[37]. - The company has outlined a strategy for market expansion through acquisitions and partnerships in the electronic manufacturing sector[105]. Research and Development - Research and development expenses increased by 61.34% to 12,078,900.39 yuan, accounting for 1.44% of total revenue[59]. - The company is investing RMB 23.07 million in R&D for automation equipment, aiming to improve production efficiency by 15%[84]. - Investment in new product development has increased by 25%, with a focus on enhancing technology and innovation in electronic manufacturing[184]. - The company has established a new R&D center, with an investment of 50 million RMB, aimed at accelerating product innovation[184]. Shareholder and Governance - The company has not experienced any changes in its controlling shareholder[15]. - The company’s board of directors is focused on ensuring stable and healthy development amidst significant funding needs for daily operations and investments[95]. - The company plans to enhance its corporate governance structure and improve the independence of the Board[176]. - The company has maintained the same accounting policies and estimates without changes compared to the previous financial report[114]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period, ensuring stability in governance[170]. Market and Customer Insights - User data showed an increase in active users by 35% year-on-year, contributing to the overall revenue growth[83]. - The company plans to expand its market presence by entering new regions, targeting a 20% increase in market share over the next two years[84]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2020[150]. - User data indicates a steady growth in customer base, with an increase of 20% year-over-year, reaching 500,000 active users by the end of 2018[184]. Risk Management - The company faces high customer concentration risk, which could adversely affect performance if major clients reduce orders[88]. - The company will strengthen internal control and management mechanisms to mitigate risks associated with large receivables[88]. - The company reported a significant reduction in operational risks due to the restructuring of its business model, which is expected to enhance long-term profitability[84]. - The company has committed to avoiding competition with its own business and has strictly adhered to this commitment since April 2010[97][100]. Future Outlook - Future guidance indicates a projected revenue growth of 25% for 2019, driven by new product launches and market expansion strategies[84]. - The company provided guidance for 2019, forecasting a revenue growth of 12% to 1.34 billion RMB[147]. - The company has outlined a positive outlook for 2019, projecting a revenue growth of 10% to 1.32 billion RMB, driven by new product launches and market expansion strategies[184]. Financial Management - The cash flow from investment activities improved significantly, with a net inflow of 418,102,278.27 yuan, up 375.44% year-on-year[61]. - The company has committed to maintaining a sustainable profit distribution policy while ensuring continuous development[93]. - The company plans to repurchase shares with a budget between RMB 50 million and RMB 100 million, using its own funds, within 12 months from the approval date of the shareholders' meeting[95]. - The company has made commitments regarding the non-disclosure of trade secrets and proprietary information to prevent competitive harm[99][101]. Subsidiary Performance - The company’s subsidiary, Shenzhen Xinya New Materials Co., Ltd., reported a net profit of CNY 78.72 million during the reporting period[81]. - The company’s subsidiary, Yamei Ston Electronics (Hong Kong) Co., Ltd., generated a net profit of CNY 2.04 million[81]. - Shenzhen Xinya Electronics reported a total revenue of RMB 464.54 million for the year 2018, with a net profit of RMB 45.33 million, representing a year-on-year increase of 57.83%[82]. Compliance and Transparency - The company ensures accurate, complete, and timely information disclosure, enhancing operational transparency[195]. - The company has established an internal audit system to effectively supervise and control daily operations, internal controls, and significant related party transactions[196]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring complete operational autonomy[197].