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]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,828,664,555.71, representing a 5.10% increase compared to CNY 1,739,982,937.03 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 168,032,604.59, a decrease of 1.02% from CNY 169,764,617.18 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 179,732,107.23, which is a 10.28% increase from CNY 162,972,967.22 year-on-year[23]. - The net cash flow from operating activities was CNY 192,071,657.29, down 21.28% from CNY 244,003,675.73 in the same period last year[23]. - The total assets at the end of the reporting period were CNY 5,238,389,735.25, an increase of 15.32% from CNY 4,542,636,590.70 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 2,599,437,256.00, reflecting a 24.67% increase from CNY 2,085,067,352.16 at the end of the previous year[23]. - The basic earnings per share for the reporting period was CNY 0.1877, a decrease of 6.99% from CNY 0.2018 in the same period last year[23]. - The diluted earnings per share also stood at CNY 0.1877, down 6.99% compared to CNY 0.2018 in the previous year[23]. - The weighted average return on equity was 7.05%, down 3.08% from 10.13% in the same period last year[23]. Investment and R&D - The company has applied for a total of 1,708 patents, including 650 invention patents and 871 utility model patents, demonstrating strong R&D capabilities[42]. - R&D expenses increased by 87.56% year-on-year, reflecting the company's commitment to innovation and development in key technology areas such as 5G and low-orbit satellite RF chips[70]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[151]. - The company has a robust R&D team that integrates technology innovation with customer service, significantly shortening the upstream service chain for clients[50]. Market Strategy and Expansion - The company focuses on high-end technology, high-end customers, and high-end markets, enhancing customer service and driving value creation[43]. - The company is actively developing new application markets, particularly in satellite internet and 5G mobile communications, to expand its technological reach[41]. - The company is enhancing its procurement management system to improve supply chain efficiency and competitive advantage through international collaboration[65]. - The company is focusing on expanding its market presence in the smart control electronics industry[100]. - The company plans to continue expanding its product offerings and market presence, particularly in the smart home and healthcare sectors[84]. - The company is actively expanding its production capacity with new bases in Vietnam and Zhejiang, and is planning a new base in Romania to enhance its market presence in Europe[65]. Financial Management and Guarantees - The total amount of guarantees provided by the company reached CNY 36,294.3 million, with an actual guarantee balance at the end of the reporting period of CNY 13,247.22 million[189]. - The actual guarantee amount accounted for 5.10% of the company's net assets[189]. - The company has no violations regarding external guarantees during the reporting period[190]. - The company engaged in entrusted wealth management with a total amount of CNY 88,370 million, with an outstanding balance of CNY 20,670 million[196]. Corporate Governance and Compliance - The management team has committed to maintaining a strict compliance with corporate governance standards[151]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[137]. - The company has no significant litigation or arbitration matters pending during the reporting period[161]. - The company has not reported any major contracts during the reporting period[196]. Risks and Challenges - The company anticipates potential risks related to raw material price fluctuations, exchange rate changes, and market competition, but has strategies in place to mitigate these risks[128]. - The company has faced uncertainties due to the COVID-19 pandemic but has not experienced large-scale order cancellations, although there have been delays in order deliveries[133]. - The company plans to strengthen domestic market strategies to minimize the adverse effects of the pandemic on operations[133].

Financial Performance - The company's operating revenue for Q1 2020 was ¥736,226,980.97, a decrease of 4.21% compared to ¥768,589,391.38 in the same period last year[8]. - Net profit attributable to shareholders was ¥61,837,119.92, representing an increase of 2.69% from ¥60,219,987.39 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥51,959,041.37, down 9.02% from ¥57,108,745.47 in the previous year[8]. - The basic earnings per share for the period was ¥0.0702, a decrease of 1.96% from ¥0.0716 in the same period last year[8]. - The weighted average return on net assets was 2.70%, down 1.00% from 3.70% in the previous year[8]. - The company reported a net profit of CNY 703,390,293.58 for the period, up from CNY 642,788,055.44, indicating an increase of about 9.5%[57]. - The total profit for the current period is 75,784,134.74 CNY, up from 71,723,117.99 CNY, indicating growth in profitability[65]. - The net profit for the current period is 60,602,238.14, compared to 47,005,452.95 in the previous period, indicating a year-over-year increase of about 29.0%[72]. Cash Flow - The net cash flow from operating activities decreased by 21.19% to ¥155,668,350.95 from ¥197,534,114.32 in the same period last year[8]. - Cash flow from operating activities decreased by 21.19% to ¥155,668,350.95, mainly due to increased payments to suppliers[23]. - The cash inflow from operating activities is 1,014,227,506.51, up from 938,637,152.97 in the previous period, reflecting an increase of approximately 8.1%[76]. - The cash outflow from operating activities totals 858,559,155.56, compared to 741,103,038.65 in the previous period, which is an increase of about 15.8%[79]. - The net cash flow from investment activities is -259,882,885.69, worsening from -138,783,912.22 in the previous period[79]. - The net cash flow from financing activities improved to 6,140,230.50 CNY, compared to -15,805,918.71 CNY last year[86]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,573,526,641.25, a slight decrease of 0.68% from ¥4,542,636,590.70 at the end of the previous year[8]. - Total liabilities decreased to CNY 1,977,526,252.68 from CNY 2,365,127,256.06, representing a reduction of about 16.4%[50]. - Total equity increased to CNY 2,596,000,388.57 from CNY 2,177,509,334.64, reflecting an increase of approximately 19.0%[50]. - The company's cash and cash equivalents decreased from ¥689.75 million to ¥579.14 million, a decline of approximately 15.9%[41]. - The total assets of the company rose from ¥4.54 billion to ¥4.57 billion, reflecting a growth of approximately 0.7%[44]. - The total liabilities amounted to 2,365,127,256.06 CNY, indicating a stable financial position[93]. - The total equity attributable to shareholders was 2,085,067,352.16 CNY, reflecting the company's strong capital base[93]. Investments and Income - The company received government subsidies amounting to ¥8,985,101.56 during the reporting period[11]. - Other income rose by 137.20% to ¥8,985,101.56 primarily due to an increase in government subsidies received[20]. - Investment income increased by 253.53% to ¥1,895,376.82, attributed to higher returns from purchased financial products[20]. - The company completed the issuance of convertible bonds totaling ¥547 million, which were listed on the Shenzhen Stock Exchange[24]. - The company has established an internal control system for forward foreign exchange transactions to mitigate risks associated with currency fluctuations[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 93,158[12]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[24]. - The company has no overdue or unrecovered amounts from entrusted financial management[28]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[35]. Changes in Financial Position - The company has implemented new revenue and leasing standards starting January 1, 2020, affecting financial reporting[87]. - The company reported a significant increase in inventory, totaling approximately $445.90 million[96]. - The company has implemented new revenue accounting standards starting January 1, 2020, affecting the reporting of prior periods[100]. - The first quarter report was not audited[100].

Financial Performance - The company's operating revenue for 2019 was CNY 3,649,383,104.32, representing a 36.62% increase compared to CNY 2,671,111,130.44 in 2018[23] - The net profit attributable to shareholders for 2019 was CNY 303,374,266.35, up 36.69% from CNY 221,939,592.05 in the previous year[23] - The net cash flow from operating activities increased by 61.76% to CNY 471,661,761.59 in 2019, compared to CNY 291,588,353.93 in 2018[23] - Basic earnings per share for 2019 were CNY 0.3582, a 35.22% increase from CNY 0.2649 in 2018[23] - The total assets at the end of 2019 reached CNY 4,542,636,590.70, reflecting a 25.51% growth from CNY 3,619,471,946.81 at the end of 2018[23] - The net profit after deducting non-recurring gains and losses was CNY 289,989,241.79, which is a 36.31% increase from CNY 212,741,775.01 in 2018[23] - The weighted average return on equity for 2019 was 17.16%, an increase from 15.30% in 2018[23] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.6 per 10 shares, based on a total of 914,094,928 shares[6] - The cash dividend for 2019 represents 18.08% of the net profit attributable to ordinary shareholders, which was RMB 303,374,266.35[165] - The cash dividend payout ratio for 2018 was 15.42%, with a total cash dividend of RMB 34,217,415.84 against a net profit of RMB 221,939,592.05[165] - The cash dividend payout ratio for 2017 was 12.01%, with a total cash dividend of RMB 21,396,634.90 against a net profit of RMB 178,103,716.65[165] - The total distributable profit for the parent company at the end of 2019 was RMB 642,788,055.44[166] - The company has committed to a minimum cash dividend ratio of 20% during significant capital expenditure periods[166] Business Operations and Strategy - The company focuses on three main business segments: smart controllers for household products, microwave and millimeter-wave RF chip design, and new smart controller and hardware services[38] - The company has established partnerships with major global brands such as Electrolux, Whirlpool, and Siemens, enhancing its market position[38] - The subsidiary Chengchang Technology specializes in microwave and millimeter-wave RF chips, targeting high-end applications in aerospace and telecommunications[38] - The company is actively developing new application markets, particularly in satellite internet and 5G mobile communications[38] - The company aims to enhance its competitive edge through continuous technological innovation and market expansion strategies[38] - The company has established a GJB9001B quality management system for its microwave millimeter-wave RF chip products, ensuring compliance with design, simulation, verification, and testing requirements[52] Research and Development - The company's R&D investment for the reporting period was approximately ¥173.17 million, representing a year-on-year increase of 37.51%, which exceeded the growth rates of both revenue and net profit[41] - The number of R&D personnel increased to 767, up 38.95% from the previous year[94] - The company is committed to strengthening investor relations and communication to enhance understanding and recognition among investors[71] - The company emphasizes independent research and development, increasing investment in R&D to enhance core competitiveness and product value[143] Market and Sales Performance - Revenue from smart home appliance control products reached CNY 2.56 billion, accounting for 70.01% of total revenue, with a year-on-year growth of 46.81%[75] - Domestic revenue was CNY 1.22 billion, which is 33.44% of total revenue, while international revenue was CNY 2.43 billion, accounting for 66.56% and reflecting a significant year-on-year growth of 55.55%[75] - The total sales volume for the smart control electronics industry was 109,364,948 units, marking a 30.27% increase from 83,949,599 units in 2018[80] - The total sales amount of the top five customers reached ¥2,165,885,316.08, accounting for 59.35% of the annual total sales[89] Financial Management - The company has strong cost management capabilities to mitigate the impact of raw material price fluctuations on profits, as its pricing principle is cost-plus[146] - The company is exposed to foreign exchange risks due to significant export business, but it plans to mitigate this through global layout and forward foreign exchange transactions[147] - The company has maintained timely and accurate disclosure of fundraising-related information, with no violations in fundraising management[135] Corporate Governance - The company completed the election of the board of directors and supervisory board, enhancing its corporate governance structure[71] - The company has a clear and transparent profit distribution policy that protects the rights of minority shareholders[160] - The company has committed to strict adherence to the regulations regarding the performance commitments and will issue supplementary commitments if necessary[184] Acquisitions and Investments - The company acquired 80% of Zhejiang Chengchang Technology Co., Ltd. for 624 million yuan, with performance guarantees in place to mitigate transaction risks[195] - The company has established new subsidiaries, including Nanjing Heertai Intelligent IoT Technology Co., Ltd., which is not expected to have a significant impact on overall operations[141] Challenges and Risks - The COVID-19 pandemic has caused order delays, but the company is actively monitoring the situation and expanding its domestic market strategy to minimize adverse impacts[150] - The company is facing uncertainties in the macroeconomic environment that could hinder international policy coordination and trade liberalization, prompting a focus on resource integration and technological innovation[148]

Financial Performance - Operating revenue for the period reached CNY 915,072,630.73, a year-on-year increase of 33.63%[8] - Net profit attributable to shareholders was CNY 70,505,116.80, reflecting a growth of 26.25% compared to the same period last year[8] - Basic earnings per share increased by 19.14% to CNY 0.0834[8] - The company's net profit increased by 36.28% to ¥722,800,292.53, resulting from higher operating income during the reporting period[25] - Total operating revenue for the period reached ¥915,072,630.73, an increase of 33.7% compared to ¥684,783,635.94 in the previous period[87] - Net profit for the period was ¥71,867,376.38, representing a 23.6% increase from ¥58,146,847.03 in the prior period[90] - Net profit for the current period was ¥195,486,926.76, up 40.5% from ¥139,040,778.31 in the previous period[115] Assets and Liabilities - Total assets increased by 23.05% to CNY 4,453,669,333.44 compared to the end of the previous year[8] - The company's cash and cash equivalents increased by 50.90% to ¥661,707,633.58, primarily due to funds raised from the issuance of convertible bonds during the reporting period[23] - Accounts receivable rose by 47.25% to ¥212,174,282.19, attributed to increased sales revenue from subsidiary Chengchang Technology[23] - The company's fixed assets grew by 69.17% to ¥605,148,221.44, mainly due to the completion of the second phase of the Ming Industrial Park and increased production equipment investment[23] - Current liabilities totaled ¥1,533,664,340.87, an increase of about 14% from ¥1,346,328,522.43[72] - Non-current liabilities rose to ¥956,401,947.09, compared to ¥594,153,268.24, marking a significant increase of approximately 61%[72] - The total liabilities reached ¥2,490,066,287.96, up from ¥1,940,481,790.67, reflecting an increase of around 28%[72] Cash Flow - The net cash flow from operating activities decreased by 34.76% to CNY 49,707,720.52[8] - Net cash flow from operating activities surged to ¥293.71 million, a 353.12% increase, driven by higher cash receipts from sales of goods and services[27] - Cash flow from operating activities generated ¥293,711,396.25, a substantial increase from ¥64,819,813.42 in the previous period[120] - Cash inflow from financing activities totaled ¥1,023,587,910.26, compared to ¥425,969,888.65 in the previous period, marking a substantial increase[134] Research and Development - R&D expenses increased to ¥123.28 million, a rise of 92.47% due to new product and technology development investments and increased R&D from new subsidiaries[27] - Research and development expenses were ¥48,857,732.77, significantly higher than ¥28,319,968.74, reflecting a 72.5% increase[87] - Research and development expenses increased significantly to ¥34,436,769.70, up 80% from ¥19,157,288.93 in the previous period[98] - Research and development expenses rose significantly to ¥79,201,520.78, compared to ¥43,024,053.02 in the previous period, marking an increase of 84.3%[115] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 67,379[12] - The largest shareholder, Liu Jianwei, holds 17.36% of the shares, totaling 148,475,000 shares[12] - The company did not engage in any repurchase transactions during the reporting period[19] Government Support and Subsidies - The company received government subsidies amounting to CNY 14,452,110.60 during the reporting period[8] - Other income reached ¥14.45 million, up 117.71%, primarily due to increased government subsidies received during the reporting period[27] Financial Management - The company engaged in entrusted financial management with a total amount of ¥22,500,000, with no overdue amounts reported[59] - The company has committed to not engaging in insider trading and has adhered to its commitments regarding shareholding restrictions[53] - The company has not reported any violations regarding external guarantees during the reporting period[57] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[89] - The company aims to enhance its product offerings and explore potential mergers and acquisitions to strengthen its market position[99]

证券代码：002402 证券简称：和而泰 公告编号：2019-077 债券代码：128068 债券简称：和而转债 深圳和而泰智能控制股份有限公司 关于参加2019年深圳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"改革 创新发展沟通互信共赢"——深圳辖区上市公司 2019 年度投资者网上集体接待日主题活 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 2019 年 9 月 3 日 14:00 至 18:00。 届时公司副总裁、董事会秘书、财务总监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 深圳和而泰智能控制股份有 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,739,982,937.03, representing a 41.69% increase compared to CNY 1,228,028,475.65 in the same period last year[23]. - The net profit attributable to shareholders was CNY 169,764,617.18, up 31.85% from CNY 128,756,934.88 year-on-year[23]. - The net cash flow from operating activities reached CNY 244,003,675.73, a significant increase of 2,244.98% compared to a negative cash flow of CNY 11,375,573.24 in the previous year[23]. - Basic earnings per share rose to CNY 0.2018, reflecting a 34.53% increase from CNY 0.15 in the same period last year[23]. - Total assets at the end of the reporting period were CNY 4,312,065,053.95, a 19.14% increase from CNY 3,619,471,946.81 at the end of the previous year[23]. - The net assets attributable to shareholders increased to CNY 1,798,932,565.51, marking a 12.45% rise from CNY 1,599,760,745.50 at the end of the previous year[23]. - The weighted average return on net assets was 10.13%, up from 9.07% in the previous year[23]. - The gross profit margin improved to 22.61%, up 1.20% year-on-year, with the intelligent controller business seeing a 2.24% increase in gross profit margin[39]. Business Segments and Market Position - The company operates in three main business segments: smart controllers for household appliances, microwave and millimeter-wave RF analog phased array T/R chip design, and smart hardware and big data operation services[32]. - Sales revenue for various categories of smart controllers increased significantly compared to the same period last year, indicating strong market demand[32]. - The company has established close cooperation with globally recognized manufacturers such as Electrolux, Whirlpool, Siemens, BSH, TTI, and Arcelik, enhancing its industry position[32]. - The penetration rate of smart controllers in downstream applications is continuously increasing, driven by technological advancements and rising consumer quality demands[32]. - The company aims to deepen existing customer relationships and expand product lines to capture market opportunities[32]. - The shift of global industries towards domestic professional manufacturers presents significant growth opportunities for the company[32]. - The company emphasizes the integration of artificial intelligence and automation technologies in its smart controllers, enhancing efficiency and functionality[32]. - The company is expanding its market presence in the IoT and 5G mobile communication sectors, aiming for a diversified high-tech enterprise model[39]. Research and Development - R&D investment reached ¥77,868,098.21, a year-on-year increase of 48.29%, emphasizing the company's commitment to innovation and high-end product development[36]. - The company has applied for a total of 1,518 patents, including 599 invention patents, showcasing its strong focus on technological innovation and intellectual property[38]. - The subsidiary, Chengchang Technology, is advancing in the microwave and millimeter-wave RF chip market, particularly in developing 5G civilian chips[39]. - The company is focusing on 5G core technology and has begun research and development in civilian 5G chip applications[53]. Strategic Initiatives and Partnerships - The company has established long-term strategic partnerships with international high-end clients, contributing to stable sales growth[45]. - The company is building a one-stop service platform based on data and AI, supporting the entire manufacturing industry chain[39]. - The company has established deep strategic partnerships with hundreds of clients across various sectors, enhancing its market presence and resource integration capabilities[55]. Investment and Fundraising - The company successfully raised ¥5.47 billion through the issuance of convertible bonds, which was completed in June 2019[63]. - The company completed a public offering of convertible bonds in June 2019, raising a total of 54,700,000 RMB for various projects[184]. - The total fundraising amount reached CNY 788.87 million, with CNY 45.91 million invested during the reporting period[100]. - Cumulative investment of fundraising amounted to CNY 355.45 million, representing 106.89% of the committed investment for the smart controller production technology renovation and capacity expansion project (Phase II)[101]. Risk Management - The company faces risks from raw material price fluctuations, exchange rate changes, market competition, goodwill impairment, and macroeconomic policies, and has strategies in place to mitigate these risks[120][121][122][123][124]. - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[6]. Corporate Governance and Compliance - The company has established a compensation system linked to performance measures, ensuring accountability among directors and senior management[140]. - The company will comply with any new regulatory requirements set by the China Securities Regulatory Commission regarding compensation measures[145]. - The company has committed to not infringe on its operational management activities and to protect company interests[146]. - The company has maintained strict compliance with all commitments made in previous reports[128]. Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[128]. - The actual controller and shareholders have committed to not engaging in competing businesses, with strict adherence to these commitments[128]. - The annual shareholders meeting had a participation rate of 35.64% on April 16, 2019[127]. Environmental and Social Responsibility - The company has passed the ISO 14001:2004 environmental management system certification, indicating a commitment to environmental protection[180]. - The company has not conducted any precision poverty alleviation work during the reporting period and has no plans for such initiatives[183].