Financial Performance - The company's operating revenue for Q1 2022 was ¥1,240,464,914.83, a decrease of 2.70% compared to ¥1,274,848,212.03 in the same period last year[7]. - Net profit attributable to shareholders was ¥71,479,619.17, down 33.79% from ¥107,963,723.15 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥57,398,502.08, a decline of 42.58% compared to ¥99,955,310.54 in the previous year[7]. - Operating profit decreased to CNY 91,876,769.22, down 30.4% from CNY 131,986,084.65[39]. - Net profit for the period was CNY 77,308,196.94, compared to CNY 110,286,400.77 in the previous year, reflecting a decline of 30%[39]. - The weighted average return on equity decreased to 1.96%, down 1.54% from 3.50% in the previous year[7]. - The total comprehensive income amounted to 83,952,431.05 CNY, down from 110,437,395.80 CNY, indicating a decrease of about 24.0%[42]. - Basic and diluted earnings per share were both 0.0782 CNY, down from 0.1182 CNY in the previous period, representing a decline of approximately 33.8%[42]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥19,965,072.35, compared to a negative cash flow of ¥61,315,409.11 in the same period last year, representing a 132.56% increase[7]. - The net cash flow from investing activities improved by 45.80%, resulting in a net outflow of ¥56,454,638.72 compared to a larger outflow in the previous year[15]. - Cash and cash equivalents at the end of the period were CNY 1,200,000,000.00, a decrease from CNY 1,300,000,000.00[34]. - Cash and cash equivalents at the end of the period totaled 805,966,574.28 CNY, compared to 1,076,026,821.26 CNY at the end of the previous period, showing a decrease of about 25.1%[48]. - The company reported a cash balance of approximately CNY 938.73 million at the end of Q1 2022, up from CNY 904.93 million at the beginning of the year[27]. - Total assets at the end of the reporting period were ¥7,207,510,406.46, reflecting a 0.91% increase from ¥7,142,559,841.30 at the end of the previous year[7]. - The company’s total equity increased to CNY 4,030,951,453.49 from CNY 3,946,888,549.05[34]. Liabilities and Expenses - Financial expenses surged by 505.43% to ¥10,671,748.49, primarily due to increased exchange rate losses[14]. - Total operating costs increased to CNY 1,168,318,892.05, up 1.5% from CNY 1,147,734,784.90[39]. - Total liabilities decreased slightly to CNY 3,176,558,952.97 from CNY 3,195,671,292.25[34]. - The company reported a financial expense of CNY 10,671,748.49, compared to a financial income of CNY 2,632,228.39 in the previous year[39]. - Research and development expenses were CNY 59,590,089.19, slightly up from CNY 58,765,611.80[39]. Operational Challenges and Strategies - In Q1 2022, the company faced challenges due to rising raw material prices and logistics issues, impacting production and operational costs[22]. - The gross profit margin decreased compared to the same period last year, leading to a decline in net profit attributable to shareholders[23]. - The company is closely monitoring supply market trends and maintaining communication with suppliers to mitigate cost pressures[23]. - The company plans to increase production capacity utilization and reduce costs to ensure stable business growth[23]. Shareholder Information and Corporate Actions - The total number of ordinary shareholders at the end of the reporting period was 71,850[16]. - The company received approval from the China Securities Regulatory Commission for the independent listing of its subsidiary, Zhejiang Chengchang Technology Co., Ltd.[23]. - The stock option incentive plan was approved, allowing 160 participants to exercise options at a price of CNY 19.66 per share[26]. - The company secured multiple orders for automotive electronic controllers from domestic automakers, establishing a solid foundation for future projects[22].

Financial Performance - The company reported a total revenue of 914 million RMB for the year 2021, representing a year-on-year increase of 15%[25] - The net profit attributable to shareholders was 120 million RMB, an increase of 10% compared to the previous year[25] - The company's operating revenue for 2021 was ¥5,985,847,042.59, representing a 28.30% increase compared to ¥4,665,677,222.29 in 2020[33] - The net profit attributable to shareholders for 2021 was ¥553,364,284.55, a 39.73% increase from ¥396,017,593.24 in 2020[33] - The net profit after deducting non-recurring gains and losses was ¥476,962,900.22, up 30.19% from ¥366,369,158.61 in 2020[33] - The company's total assets at the end of 2021 were ¥7,142,559,841.30, a 15.29% increase from ¥6,195,168,682.07 at the end of 2020[33] - The basic earnings per share for 2021 was ¥0.6056, reflecting a 38.11% increase from ¥0.4385 in 2020[33] - The net cash flow from operating activities for 2021 was ¥166,442,283.75, a decrease of 70.52% compared to ¥564,638,935.71 in 2020[33] - The company reported a government subsidy of ¥72,865,403.89 in 2021, compared to ¥37,298,991.10 in 2020[44] - The company achieved operating revenue of 598,584.70 million CNY, a year-on-year increase of 28.30%[80] - The net profit attributable to shareholders reached 55,336.43 million CNY, up 39.73% compared to the previous year[80] - The net profit after deducting non-operating gains and losses was 47,696.29 million CNY, reflecting a growth of 30.19% year-on-year[80] User Growth and Market Expansion - User data showed an increase in active users by 25% year-on-year, reaching 1.5 million active users by the end of 2021[25] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share in the region by 2025[25] - The domestic smart controller industry is expected to approach ¥5 trillion by 2026, indicating significant growth potential and market expansion opportunities[49] - The company is actively developing smart home controllers, capitalizing on the rapid growth of smart home product demand, indicating significant market potential[65] Research and Development - Research and development expenses increased by 18% to 80 million RMB, focusing on advanced control technologies[25] - The company has filed a total of 1,911 patents, including 629 invention patents and 1,120 utility model patents, demonstrating its strong commitment to innovation and technology leadership[57] - The company has optimized product design and expanded its R&D capabilities through joint technology development and government research projects, enhancing its core competitiveness and industry influence[62] - The company invested CNY 309,317,961.42 in R&D in 2021, an increase of 22.65% compared to CNY 252,195,501.22 in 2020[126] - R&D expenditure accounted for 5.17% of total revenue in 2021, a slight decrease of 0.24% from 5.41% in 2020[126] - The number of R&D personnel increased by 7.47% to 1,050 in 2021, with a notable rise in the 30-40 age group by 11.30%[124] Strategic Initiatives - The company aims to achieve a revenue growth target of 20% for the upcoming fiscal year[6] - Strategic initiatives include enhancing customer relationship management systems to improve user engagement and retention[25] - The company has established long-term strategic partnerships with high-end global clients, ensuring stable revenue streams and market credibility[69] - The company has implemented advanced management systems, including ERP and smart manufacturing platforms, to enhance operational efficiency and reduce costs[72] - The company is focused on integrating industry resources and developing new growth points through its next-generation smart controllers and hardware[74] Supply Chain and Production - The company has established a global supply chain management system, ensuring strict supplier management and maintaining strategic partnerships with suppliers[60] - The company has reduced upstream raw material procurement costs by leveraging a global supply chain platform and promoting domestic substitution of components[65] - The company's production capacity has been further expanded with the launch of new production bases in China and Vietnam, enhancing its order acquisition capabilities[65] - The company has achieved a significant improvement in automation manufacturing capabilities, leading to reduced comprehensive manufacturing costs and increased production efficiency[65] Financial Management and Investments - The company recorded a loss of ¥27,493,765.98 in asset impairment, which accounted for 4.13% of total profit, primarily from inventory write-downs[134] - The company’s cash and cash equivalents decreased to ¥904,932,580.77, representing 12.67% of total assets, due to payments for inventory and investments[135] - The company’s long-term equity investments decreased to ¥2,295,592.38, accounting for 0.03% of total assets, due to the disposal of equity in an associate[138] - The company has committed investments totaling 54.7 million yuan, with 53.7 million yuan already utilized, representing 98.1% of the committed amount[167] Risks and Challenges - The company faces risks from raw material price fluctuations, but has strong cost management capabilities to mitigate impacts on profits[188] - The company is exposed to exchange rate fluctuations due to a significant proportion of export business, which may affect performance[189] - The company is responding to macroeconomic uncertainties by accelerating resource integration and technological innovation to improve operational efficiency[195]

Financial Performance - The company reported a total revenue of 914 million RMB for the year 2021, marking a year-on-year increase of 15%[26] - The net profit attributable to shareholders was 120 million RMB, representing a growth of 10% compared to the previous year[26] - The company's operating revenue for 2021 was ¥5,985,847,042.59, representing a 28.30% increase compared to ¥4,665,677,222.29 in 2020[34] - The net profit attributable to shareholders for 2021 was ¥553,364,284.55, which is a 39.73% increase from ¥396,017,593.24 in 2020[34] - The net profit after deducting non-recurring gains and losses was ¥497,859,759.58, up 35.89% from ¥366,369,158.61 in 2020[34] - The basic earnings per share for 2021 was ¥0.6056, reflecting a 38.11% increase from ¥0.4385 in 2020[34] - The net cash flow from operating activities for 2021 was ¥166,442,283.75, a decrease of 70.52% compared to ¥564,638,935.71 in 2020[34] - The company reported a total of ¥29,648,434.63 in non-recurring gains for 2021, compared to ¥13,385,024.56 in 2020[41] - The weighted average return on equity for 2021 was 16.66%, an increase from 15.07% in 2020[34] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share in the region by 2025[26] - Future guidance indicates a revenue target of 1.1 billion RMB for 2022, reflecting a growth rate of approximately 20%[26] - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[26] - The domestic smart controller industry is expected to approach ¥5 trillion by 2026, indicating significant growth potential in the market[50] - The company has upgraded its strategic direction to a "four-pronged approach and six major sectors" industrial pattern, focusing on both domestic and overseas markets to increase market share[64] - The company is actively expanding its technology reserves in the energy storage industry, with completed technical development and mass production of certain projects[90] - The company plans to expand its market presence through strategic partnerships and acquisitions in the smart control sector[147] Research and Development - The company has invested 30 million RMB in R&D for new technologies, particularly in semiconductor applications[26] - The company has filed a total of 1,911 patents, including 629 invention patents and 1,120 utility model patents, demonstrating its commitment to innovation and technology leadership[58] - The company has a strong focus on R&D, holding 12 authorized invention patents and 45 integrated circuit layout design rights, ensuring its technological edge in the market[75] - The company is actively investing in R&D for battery management systems (BMS) and has made significant progress in addressing performance issues related to battery charging and discharging algorithms[98] - The company has initiated research and development for new technologies aimed at enhancing product offerings[147] - The company is focusing on integrating multiple communication protocols like Wi-Fi 6 and ZigBee 3.0 into its smart home products[126] - The company aims to enhance its AI capabilities through the development of advanced algorithms for battery management systems (BMS)[126] - The company is promoting a new generation of smart controllers and hardware, leveraging IoT and big data technologies to meet the customization needs of home appliance manufacturers[186] Production and Supply Chain - The company has expanded its production capacity with new projects in China and Vietnam, enhancing its automated manufacturing capabilities and reducing overall manufacturing costs[66] - The company has established a global supply chain management system and maintains strong relationships with suppliers to ensure quality and efficiency in production[61] - The company has established a global supply chain platform to lower raw material procurement costs and promote domestic substitution of components, strengthening its competitive position[66] - The company is focusing on building a collaborative supply chain system to achieve "short delivery times, high flexibility, and low costs," addressing challenges from raw material shortages and price increases[95] Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the smart control market[6] - The company faces risks from raw material price fluctuations, but has strong cost management capabilities to mitigate impacts on profits[189] - Currency exchange rate fluctuations pose risks due to the company's significant export business, which the company aims to manage through global procurement and pricing strategies[190] - The company is committed to reducing goodwill impairment risks following the acquisition of Chengchang Technology by enhancing internal controls and resource integration[195] - The company is responding to macroeconomic uncertainties by accelerating resource integration and technological innovation to improve operational efficiency[196] Customer and Market Engagement - User data showed an increase in active users by 25% year-on-year, reaching 1.5 million active users by the end of 2021[26] - The company has increased its market share among major clients and is continuously expanding its customer base and product offerings, supported by increased R&D investment and improved operational management[52] - The company maintains a high customer retention rate due to stringent technical requirements and high stability of its products, leading to strong customer loyalty[76] - The company’s top five customers accounted for 54.21% of total annual sales, with total sales amounting to 3,244,685,370.75 CNY[115] Investment and Financial Management - The company raised a total of RMB 536.3 million through the public issuance of convertible bonds in 2019, with RMB 43.6 million utilized by the end of 2021[162] - The company has committed investments totaling 54.7 million yuan, with 53.72 million yuan already utilized, representing 98.2% of the committed amount[168] - The company has implemented a value chain management enhancement project to improve competitiveness and maximize product value through better integration with suppliers and customers[84] - The company has established a risk management system for foreign exchange forward transactions, focusing on "exchange rate neutrality" to mitigate market risks[159] - The company maintains a strong liquidity position, continuously monitoring short-term and long-term funding needs to ensure sufficient cash reserves[159] Product Development and Innovation - New product development includes the launch of a smart home control system, expected to generate an additional 50 million RMB in revenue in 2022[26] - The company has developed a full suite of solutions for satellite internet and 5G millimeter-wave communication, positioning itself as a leader in these emerging technologies[58] - The company has launched a new visual recognition technology for home appliances, enhancing food and material recognition capabilities[126] - The company has completed the testing and verification of its new heating technology module, which offers higher thermal efficiency and power density[126] - The company is integrating cloud platforms and AI technology for personalized travel services, transitioning from hardware to software solutions[180]

证券代码：002402 证券简称：和而泰 公告编号：2021-076 深圳和而泰智能控制股份有限公司 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的内容真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流工作，深圳和而泰智能控制股份有限公司（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 "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，参与公司本次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。 届时公司的高级副总裁、董事会秘书、财经中心总经理罗珊珊女士将通过网络文 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。 深圳和而泰 ...

Financial Performance - The company's revenue for Q3 2021 reached ¥1,523,504,667.71, an increase of 11.83% compared to the same period last year[5] - Net profit attributable to shareholders was ¥161,770,510.28, reflecting a growth of 49.01% year-over-year[5] - The net profit after deducting non-recurring gains and losses was ¥145,244,396.07, up by 44.67% compared to the previous year[5] - The company achieved operating revenue of CNY 4,377,293,425.59 for the first three quarters of 2021, representing a year-on-year increase of 37.18%[15] - The net profit attributable to shareholders for the same period was CNY 437,916,300, reflecting a year-on-year growth of 58.32%[21] - The net profit for the current period is CNY 463,556,589.25, an increase of 61.3% compared to CNY 287,312,581.98 in the previous period[37] - The operating profit for the current period is CNY 513,753,663.37, up from CNY 338,231,286.57, reflecting a growth of 51.9%[37] - The total comprehensive income attributable to the parent company's owners is CNY 438,787,504.42, compared to CNY 274,583,890.74 in the previous period, marking a 59.9% increase[37] Assets and Liabilities - The total assets as of September 30, 2021, amounted to ¥6,753,169,865.33, representing a 9.01% increase from the end of the previous year[7] - The company's total assets reached CNY 6,753,169,865.33, up from CNY 6,195,168,682.07, indicating a growth of 9%[33] - Current liabilities totaled CNY 2,974,894,158.27, an increase from CNY 2,742,889,994.53, representing a rise of 8.5%[30] - Total liabilities were CNY 2,892,441,687.06, down from CNY 2,917,557,213.58, indicating a decrease of CNY 25,115,526.52[54] - The company's equity totaled CNY 3,302,726,995.01, remaining stable compared to the previous period[54] Cash Flow - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of ¥30,934,392.54, down 90.18% year-to-date[5] - The net cash flow from operating activities decreased by 90.18% to CNY 30,934,392.54, mainly due to increased cash payments for goods and services[15] - Cash inflow from operating activities reached CNY 4,233,923,527.56, significantly higher than CNY 2,964,151,339.69 from the previous period[41] - Cash outflow from investing activities totaled CNY 1,867,627,309.26, compared to CNY 1,636,887,928.22 in the previous period, indicating an increase in investment activities[43] - The net cash flow from financing activities is CNY 50,653,144.61, a decrease from CNY 552,270,341.31 in the previous period[43] - Cash and cash equivalents decreased to CNY 932,822,330.60 from CNY 1,237,449,596.68, indicating a decline in liquidity[24] - The cash and cash equivalents at the end of the period stand at CNY 828,555,203.72, down from CNY 1,053,528,569.63 at the end of the previous period[43] Research and Development - The company increased its R&D expenditure by 56.88% to ¥57,169,448.53, indicating a focus on innovation[12] - Research and development expenses increased to CNY 183,851,145.81, compared to CNY 145,361,936.55, reflecting a growth of 26.5%[34] Inventory and Costs - Inventory increased by 36.43% to ¥1,425,388,178.04 due to rising prices and tight supply of electronic components[12] - Total operating costs amounted to CNY 3,908,074,449.64, up 36.4% from CNY 2,864,124,687.55 in the prior period[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,243, with the largest shareholder holding 16.24%[16] - The basic earnings per share for the period was ¥0.1771, an increase of 48.20% year-over-year[5] - The basic and diluted earnings per share for the current period are both CNY 0.4793, up from CNY 0.3072 in the previous period, representing a growth of 56%[40] Other Financial Metrics - The weighted average return on net assets was 5.07%, an increase of 0.99% compared to the previous year[7] - The company reported a significant decrease in financial expenses by 72.59%, primarily due to reduced exchange losses[15] - Investment income surged by 205.16% to CNY 23,884,798.52, attributed to gains from forward foreign exchange products[15] - The company reported a tax expense of CNY 52,205,135.81, slightly higher than CNY 50,732,192.61 in the previous period[37] - The other comprehensive income after tax for the current period is CNY 1,517,211.53, compared to a loss of CNY 2,817,943.36 in the previous period[37] Accounting and Reporting - The company has adopted a new leasing standard effective January 1, 2021, impacting the accounting treatment of leases[54] - The third quarter report was not audited, indicating that the figures presented are preliminary[55]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,853,788,757.88, representing a 56.06% increase compared to ¥1,828,664,555.71 in the same period last year[29]. - The net profit attributable to shareholders of the listed company was ¥276,145,758.83, up 64.34% from ¥168,032,604.59 in the previous year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥238,153,092.69, a 32.50% increase from ¥179,732,107.23 in the same period last year[29]. - The basic earnings per share increased by 61.32% to ¥0.3028 from ¥0.1877 in the previous year[29]. - The total assets at the end of the reporting period were ¥6,590,676,478.37, reflecting a 6.38% increase from ¥6,195,168,682.07 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were ¥3,212,041,484.20, up 5.92% from ¥3,032,562,801.11 at the end of the previous year[29]. - The net cash flow from operating activities was negative at -¥44,444,650.63, a decrease of 123.14% compared to ¥192,071,657.29 in the previous year[29]. - The weighted average return on net assets was 8.85%, an increase of 1.80% from 7.05% in the previous year[29]. Revenue Segmentation - The controller business segment generated operating revenue of 2,773.57 million yuan, an increase of 58.31% compared to the same period last year[47]. - Domestic revenue accounted for 30.38% of total revenue, while international revenue made up 69.62%, showing a year-on-year increase of 61.35%[89]. - The company achieved a 58.31% increase in revenue from the smart control electronics sector, totaling ¥2,773,573,348.39[89]. - The revenue from the integrated circuit sector was ¥80,215,409.49, with a growth of 4.67% year-on-year[89]. Research and Development - The company has applied for a total of 1,742 patents, including 603 invention patents and 979 utility model patents[45]. - Research and development expenses rose by 39.46% to ¥141,494,739.16 from ¥101,458,380.28, reflecting the company's commitment to innovation[83]. - The company plans to accelerate the expansion of its automotive electronic intelligent controller business, increasing R&D investment to enhance technological capabilities[49]. - The company has increased its R&D expenditure to ¥47,880,332.60, representing 0.73% of total assets, reflecting a commitment to new product development[102]. Market and Competitive Position - The intelligent controller market is projected to grow significantly, with the market space reaching trillions, driven by the increasing demand for smart and connected devices[62]. - The company has established a strong strategic partnership with international high-end clients, ensuring stable long-term development[74]. - The company is focusing on technological innovation as a core competitive advantage, aiming to create value through agile and responsive operations[69]. - The company faces strong market competition and aims to enhance its competitive advantages through technology research and market forecasting[133]. Supply Chain and Operational Challenges - The company faced challenges such as raw material shortages and commodity price increases but managed to maintain normal operations through various measures[46]. - The company is addressing supply chain challenges by implementing strategies such as early stockpiling and price locking to mitigate cost pressures from raw material shortages and price increases[55]. - The increase in material costs due to significant price hikes in electronic components and bulk materials has impacted the company's gross margin, prompting measures such as enhancing sales of new products and implementing cost control strategies[95]. Corporate Governance and Compliance - The company emphasizes environmental protection and has passed ISO14001:2004 environmental management system certification, ensuring compliance with environmental regulations[150]. - The company has maintained a clean integrity status with no unfulfilled court judgments or significant debts due during the reporting period[176]. - The company has strictly adhered to all commitments made to minority shareholders during the reporting period[169]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[170]. Strategic Initiatives - The company plans to spin off Chengchang Technology for a public listing to enhance its microwave and millimeter-wave T/R chip business, aiming to increase R&D investment and accelerate project development[59]. - A strategic adjustment has been made to the company's layout, dividing operations into six major segments, including overseas and domestic home appliance intelligent controllers, automotive electronic controllers, and others[54]. - The company has initiated a value chain management enhancement project to improve core competitiveness and maximize product value through better integration with customers and suppliers[54]. Financial Management - The company reported a total guarantee ratio of 2.75% of its net assets, indicating a low level of risk exposure[193]. - The company has no guarantees provided for shareholders or related parties, ensuring financial independence[193]. - The company has invested CNY 89,078 million in bank wealth management products, with an outstanding balance of CNY 18,500 million[197]. - The company has no overdue amounts in wealth management products, indicating effective risk management[197].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,274,848,212.03, representing a 73.16% increase compared to ¥736,226,980.97 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was ¥107,963,723.15, up 74.59% from ¥61,837,119.92 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥99,955,310.54, reflecting a 92.37% increase from ¥51,959,041.37 year-on-year[8]. - The basic earnings per share for Q1 2021 was ¥0.1182, an increase of 68.38% compared to ¥0.0702 in the same period last year[8]. - The company achieved operating revenue of CNY 1,274,848,212.03, a year-on-year increase of 73.16%[27]. - Net profit attributable to the parent company reached CNY 10,796.37 million, up 74.59% year-on-year[21]. - The company reported a total of RMB 44.78 million in entrusted financial management, with a remaining balance of RMB 10.67 million[47]. - The total comprehensive income for the current period was ¥110,437,395.80, compared to ¥65,866,296.82 in the previous period, marking a rise of 67.5%[88]. - The total profit for the current period was ¥131,980,847.85, compared to ¥75,784,134.74 in the previous period, indicating a growth of 74.1%[88]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,528,894,810.78, a 5.39% increase from ¥6,195,168,682.07 at the end of the previous year[8]. - The company's current assets totaled CNY 4,158,927,362.29, up from CNY 3,942,733,909.73, reflecting a growth of approximately 5.5%[62]. - Total liabilities increased to CNY 3,206,741,677.00 from CNY 2,892,441,687.06, reflecting a rise of approximately 10.9%[68]. - The company's total liabilities increased to ¥2,601,498,397.80 from ¥2,305,147,278.74, reflecting a rise of approximately 13%[78]. - The company's equity remained stable with total equity reported at CNY 3,322,153,133.78 as of March 31, 2021[68]. - The total equity attributable to shareholders reached ¥2,727,152,552.20, slightly up from ¥2,721,942,117.69, showing a marginal increase[78]. Cash Flow - The net cash flow from operating activities was negative at -¥61,315,409.11, a decrease of 139.39% compared to ¥155,668,350.95 in the same period last year[8]. - The company's cash flow from operating activities showed a net outflow of CNY 61,315,409.11, a decrease of 139.39% compared to the previous period[27]. - Operating cash inflow totaled CNY 1,265,536,193.83, compared to CNY 1,014,227,506.51 in the previous period, reflecting a significant increase[100]. - Cash inflow from sales of goods and services was CNY 888,611,839.30, an increase from CNY 644,349,257.31 in the previous period[103]. - The ending balance of cash and cash equivalents was CNY 1,076,026,821.26, compared to CNY 469,660,230.42 at the end of the previous period[102]. Investments and R&D - The company’s R&D expenses increased by 65.62% to CNY 58,765,611.80, reflecting a commitment to innovation[27]. - The company has ongoing investments in new technologies, with long-term equity investments totaling ¥932,903,538.51, up from ¥921,253,755.38[75]. - Long-term equity investments decreased by 61.09% to CNY 2,714,968.41 due to the disposal of equity in joint ventures[22]. - Other non-current financial assets increased by 400.00% to CNY 50,000,000.00 due to new equity investments in partnership enterprises[22]. Strategic Initiatives - The company plans to continue deepening its focus on the smart controller industry and leverage its strategic advantages for sustained growth[21]. - The company is focusing on expanding its market presence and enhancing its product development capabilities in the upcoming quarters[58]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[91]. - The company is preparing for the spin-off of its subsidiary Chengchang Technology for a separate listing, maintaining its controlling interest post-spin-off[31]. Compliance and Governance - The company is committed to strict compliance with regulations regarding insider trading and sensitive period transactions[41]. - The company has made commitments regarding competition and related transactions, ensuring no conflicts of interest[35]. - There were no violations regarding external guarantees during the reporting period[48]. - The company has no non-operating fund occupation by controlling shareholders or related parties[49]. - The company has no securities or derivative investments during the reporting period[42][43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,138, with the largest shareholder holding 16.24% of the shares[12]. - The company approved a stock option incentive plan with a grant price of CNY 19.76 per share, involving 12.32 million options granted to 169 individuals[30]. - The company has maintained a stable dividend policy, with retained earnings increasing to ¥963,849,671.40 from ¥958,621,335.66, reflecting a commitment to shareholder returns[78].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[5] - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[5] - The company's operating revenue for 2020 was ¥4,665,677,222.29, representing a year-over-year increase of 27.85% compared to ¥3,649,383,104.32 in 2019[22] - The net profit attributable to shareholders for 2020 was ¥396,017,593.24, up 30.54% from ¥303,374,266.35 in 2019[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥366,369,158.61, an increase of 26.34% from ¥289,989,241.79 in 2019[22] - The net cash flow from operating activities for 2020 was ¥564,638,935.71, reflecting a 19.71% increase from ¥471,661,761.59 in 2019[22] - The total assets at the end of 2020 were ¥6,195,168,682.07, a 36.38% increase from ¥4,542,636,590.70 at the end of 2019[22] - The basic earnings per share for 2020 was ¥0.4385, representing a 22.42% increase from ¥0.3582 in 2019[22] - The company reported a weighted average return on equity of 15.07% for 2020, down from 17.16% in 2019[22] - The company reported a net profit of 396,017,593.24 CNY for 2020, an increase from 303,374,266.35 CNY in 2019[174] - The company achieved a net profit attributable to the parent company of CNY 396,017,593.24 for the year 2020[178] Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares, based on a total of 914,016,928 shares[5] - In 2020, the company distributed cash dividends of 91,401,692.80 CNY, representing 23.08% of the net profit attributable to ordinary shareholders[174] - The cash dividend per 10 shares for 2020 was 1.00 CNY (including tax), based on a total share capital of 914,016,928 shares[173] - The cash dividend for 2019 was 54,845,695.68 CNY, which accounted for 18.08% of the net profit[174] - The cash dividend for 2018 was 34,217,415.84 CNY, representing 15.42% of the net profit[174] - The company has maintained a consistent dividend payout policy over the past three years, with increasing cash dividends each year[173] - A cash dividend of CNY 1.00 per share (including tax) was proposed, resulting in a total cash dividend payout of CNY 91,401,692.80, which represents 100% of the profit distribution[178] - The cash dividend distribution plan complies with the requirement that cash dividends should account for at least 20% of the profit distribution when significant capital expenditures are planned[178] Research and Development - The company has invested 100 million RMB in research and development for new technologies in 2020, a 50% increase from the previous year[5] - The company increased its R&D investment to 252,195,501.22 CNY, a year-on-year increase of 45.63%[72] - R&D expenses for the company reached ¥236.64 million in 2020, a 39.54% increase from the previous year, reflecting increased investment in R&D[98] - The total R&D investment for the company in 2020 was ¥252.20 million, a year-on-year increase of 45.63%[101] - The number of R&D personnel rose by 27.38% to 977 in 2020, up from 767 in 2019[102] - The company emphasizes independent R&D to solidify its core competitive advantages, integrating strategic R&D to enhance product value and technological leadership[153] Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[5] - A strategic acquisition of a local tech firm is in progress, aimed at enhancing R&D capabilities and product offerings[5] - The company has established a strategic partnership with major global manufacturers, including Electrolux and Siemens, increasing its market share among key clients[40] - The company is focusing on optimizing internal management and enhancing organizational capabilities to improve operational efficiency across various functions[153] - The company aims to strengthen its strategic layout by enhancing collaboration in the smart controller, microwave millimeter-wave RF chip, and smart home appliance controller sectors while optimizing its industrial structure[151] Product Development - New product development includes the launch of an advanced smart control system, expected to contribute an additional 200 million RMB in revenue in 2021[5] - The company has developed a new generation of smart controllers and hardware products to meet the demand for intelligent upgrades from terminal manufacturers, leveraging IoT, big data, and AI technologies[40] - The company is promoting a new generation of smart controllers and hardware, leveraging IoT and big data technologies to meet the customization needs of home appliance manufacturers[156] Operational Efficiency - The company has developed a comprehensive management system including ERP, PLM, OA, and CRM to enhance operational efficiency and cost control[56] - The company has implemented a "high-end technology, high-end customers, high-end market" strategy, enhancing its operational management and product design capabilities to ensure steady growth in performance[44] - The company aims to enhance its manufacturing capabilities through the integration of AI and big data in its operations, establishing a digital operation intelligent factory[76] Risks and Challenges - The management highlighted potential risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[5] - The company faces risks from raw material price fluctuations, exchange rate changes, and market competition, but has strategies in place to mitigate these risks[157][158][159] - The acquisition of Chengchang Technology may lead to goodwill impairment risks, which the company aims to manage through effective internal controls and resource integration[160] Subsidiaries and Investments - The subsidiary, Chengchang Technology, specializes in the design, R&D, production, and sales of microwave and millimeter-wave RF chips, achieving quality standards suitable for aerospace and aviation applications[41] - The subsidiary Shenzhen Heertai Small Appliance Intelligent Technology Co., Ltd. reported a net profit of 17.16 million yuan, contributing over 10% to the company's net profit[148] - The subsidiary Zhejiang Chengchang Technology Co., Ltd. reported a net profit of 41.67 million yuan, also contributing over 10% to the company's net profit[148] - The company acquired 80% of Zhejiang Chengchang Technology Co., Ltd. for 624 million yuan, with a commitment to achieve a net profit of no less than 51 million yuan in 2018 and a cumulative net profit of no less than 195 million yuan from 2018 to 2020[200] Financial Management - The company has ensured that the disclosure of information related to raised funds is timely, truthful, accurate, and complete, with no violations in fund management[144] - The company has committed to fulfilling all promises made by actual controllers, shareholders, and related parties during the reporting period[179] - The company has maintained strict adherence to its commitments regarding related party transactions and competition during the reporting period[179]

Event Details - The company will participate in the "Honesty and Integrity, Becoming a Respected Listed Company" online collective reception event for investors in the Shenzhen region [1] - The event is organized by the Shenzhen Listed Companies Association and Shenzhen Panorama Network Co., Ltd [1] - The event will be held online through the platform provided by Shenzhen Panorama Network Co., Ltd [1] - Investors can participate by logging into the "Panorama Roadshow World" website or following the WeChat public account: Panorama Finance [1] - The event will take place on December 8, 2020, from 9:00 to 17:00 [1] Company Representation - The company's Vice President, Board Secretary, and CFO, Ms. Luo Shanshan, will communicate with investors through online text interaction [1] Purpose - The event aims to further strengthen interaction and communication with investors [1]

Financial Performance - Operating revenue for the reporting period was ¥1,362,339,804.21, representing a growth of 48.88% year-on-year[8] - Net profit attributable to shareholders was ¥108,562,636.53, up 53.98% from the same period last year[8] - Basic earnings per share for the reporting period were ¥0.1195, reflecting a growth of 43.29% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥100,400,046.11, an increase of 48.71% year-on-year[8] - The company reported a net profit of ¥983,283,155.89, up from ¥784,384,794.38, indicating a growth of around 25.4%[63] - Net profit for the current period was ¥115,664,335.28, compared to ¥71,867,376.38 in the previous period, reflecting a growth of approximately 60.9%[78] - The net profit attributable to the parent company was ¥276,595,241.12, up from ¥240,269,733.98 in the previous period, indicating a growth of approximately 15.1%[92] - The net profit attributable to the parent company was ¥318,225,761.00, up from ¥195,486,926.76, reflecting a growth of 62.6%[103] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,857,780,210.45, an increase of 28.95% compared to the previous year[8] - The total current assets reached ¥3,708,983,486.42, compared to ¥2,674,445,587.83 at the end of 2019, indicating a year-over-year increase of about 38.54%[54] - Total liabilities amounted to ¥2,392,177,414.09, up from ¥1,888,136,738.33, indicating an increase of about 26.7%[70] - Current liabilities rose to ¥2,696,472,594.02, compared to ¥1,639,744,278.78, marking an increase of approximately 64.5%[60] - The total liabilities increased significantly, with accounts payable rising by 42.10% to ¥1,321,219,409.75 due to higher sales volume[24] - Short-term borrowings surged by 170.67% to ¥894,150,614.69, reflecting the company's increased bank loans to meet business demands[24] Cash Flow - The net cash flow from operating activities was ¥123,067,696.28, a significant increase of 147.58% compared to the previous year[8] - The net cash flow from operating activities was ¥315,139,353.57, a 7.30% increase compared to the previous period[26] - The cash flow from operating activities amounted to ¥315,139,353.57, compared to ¥293,711,396.25 in the previous period, showing an increase of 7.3%[106] - The total cash outflow from operating activities was CNY 1,929,008,938.17, compared to CNY 1,748,988,518.85 in the previous period[113] Investments and Projects - The company has invested a total of ¥25,373.43 million in the Yangtze River Delta production and operation base project, achieving a completion rate of 65.19% as of Q3 2020[44] - The electronic process automation and big data operation control platform project has seen an investment of ¥3,987.06 million, with a completion rate of 49.81%[44] - The new generation smart controller for smart home appliances project has received an investment of ¥775.93 million, with a completion rate of 11.58%[44] - The company reported a total of ¥119,370 million in entrusted financial management, with an unexpired balance of ¥17,230 million[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 82,121, with the top ten shareholders holding a combined 42.10% of shares[12] - Liu Jianwei, the largest shareholder, held 16.24% of the shares, amounting to 148,475,000 shares[12] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29] - The company plans to expand its market presence and invest in new technologies to drive future growth[62] Financial Ratios and Metrics - The weighted average return on equity was 4.08%, a decrease of 0.01% compared to the previous year[8] - The company achieved a gross profit margin of approximately 22.0%, reflecting improved operational efficiency compared to the previous period[100] - The total comprehensive income for the current period was ¥113,805,714.81, compared to ¥74,961,849.21 in the previous period, reflecting a growth of about 51.7%[81] Other Financial Information - The company reported government subsidies amounting to ¥26,946,675.40 during the reporting period[11] - The company reported a total non-current liability of ¥223,020,309.32, down from ¥694,783,382.62, indicating a decrease of approximately 67.9%[70] - The company has not engaged in any securities or derivative investments during the reporting period[40][41] - There were no violations of external guarantees during the reporting period[48] - The company has committed to not reducing its shareholdings within the statutory period and to comply with relevant regulations regarding insider trading[39]