Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,615,306,469.18, representing a 19.40% increase compared to ¥1,352,876,312.77 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 93.32% to ¥28,472,432.94 from ¥426,479,042.90 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 79.97% to ¥14,055,971.37 from ¥70,175,412.15 year-on-year[20]. - Basic earnings per share dropped by 93.94% to ¥0.04 from ¥0.66 in the same period last year[20]. - The total operating revenue for the main business was ¥1.55 billion, up 24.20% year-on-year, with a gross margin of 20.54%[44]. - The revenue from new energy vehicle products surged by 229.40% to ¥358,592,334.94, indicating strong market demand[42]. - The company's revenue for the reporting period reached ¥1,615,306,469.18, representing a year-on-year increase of 19.40% due to increased customer orders[39]. - The cost of sales increased by 15.97% to ¥1,253,448,412.59, primarily driven by the rise in customer orders[39]. - Research and development expenses rose by 42.02% to ¥132,264,098.46, reflecting the company's increased investment in project development[39]. - The company reported a net cash flow from operating activities of -¥74,034,757.60, a decrease of 135.31% compared to the previous year, mainly due to increased inventory and R&D investments[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,211,191,034.72, a decrease of 1.58% from ¥7,327,018,193.54 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 5.40% to ¥5,659,143,964.45 from ¥5,981,995,305.59 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by ¥440.28 million, representing a 5.77% decline compared to the previous year[49]. - Accounts receivable increased by ¥196.79 million, a rise of 2.92% year-on-year, attributed to increased sales orders[49]. - Inventory rose by ¥148.43 million, a 2.16% increase year-on-year, due to higher customer orders[49]. - The total liabilities were CNY 3,449,692,835.81, which indicates a significant portion of the company's assets are financed through liabilities[149]. - The total liabilities increased to CNY 1,541,610,496.69 as of June 30, 2021, compared to CNY 1,344,550,109.98 at the end of 2020, representing an increase of approximately 14.7%[151]. Cash Flow - The net cash flow from operating activities was negative at -¥74,034,757.60, a decline of 135.31% compared to ¥209,652,691.42 in the previous year[20]. - Total cash inflow from investment activities was 3,558,401,932.98 CNY, while cash outflow was 3,656,581,052.54 CNY, resulting in a net cash flow of -98,179,119.56 CNY[167]. - Cash flow from financing activities showed a net outflow of -258,271,165.14 CNY, compared to a net inflow of 27,390,112.32 CNY in the previous period, reflecting increased financial strain[167]. - The total cash and cash equivalents at the end of the period stood at 1,049,074,555.26 CNY, down from 727,888,916.86 CNY in the previous period[167]. Market and Product Development - The company’s main business includes the R&D, production, and sales of precision functional components and modules for various smart devices, with a focus on expanding into new materials and module solutions[28]. - The company is actively developing new products for the VR/AR market, which is expected to grow at a CAGR of 53.1% over the next five years[30]. - The company is focusing on the development of wireless charging solutions for electric vehicles, leveraging its expertise in electronic technology[32]. - The company aims to expand its market share in the electric vehicle components sector, including high-voltage connection components and battery covers[31]. - The company is focusing on the development of hydrogen fuel cell technology and has increased investments in this area[33]. - The company is actively expanding its product offerings in the 5G communication sector, developing RF devices and antennas[33]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[76]. - The total chemical oxygen demand (COD) discharge was 15.03 tons per year, with a concentration of 164 mg/L[76]. - The company has implemented measures for hazardous waste management, ensuring 100% harmless treatment of solid waste[77]. - The company emphasizes social responsibility, focusing on shareholder and creditor rights protection, employee welfare, and environmental protection[83]. - The company has established an environmental management system and regularly conducts training and drills to enhance emergency response capabilities[81]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[6]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[72]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[73]. - The semi-annual financial report has not been audited[91]. - The company has not undergone any bankruptcy reorganization during the reporting period[93]. - The total amount of related party transactions during the reporting period was 325.26 million yuan, with no transactions exceeding the approved limits[98]. Future Outlook and Strategy - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters, aiming for sustainable growth[179]. - The company is investing in new technology development to improve operational efficiency and product innovation, which is anticipated to enhance competitive advantage[179]. - To mitigate risks, the company plans to enhance customer cooperation, increase investment in new products and technologies, and expand into new markets such as electric vehicles and 5G communications[64].

Financial Performance - The company's revenue for Q1 2021 was ¥728,862,947.62, representing a 16.90% increase compared to ¥623,497,279.70 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2021 was ¥4,498,776.34, a significant decrease of 96.74% from ¥137,803,384.20 in the previous year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,674,978.01, down 102.33% from ¥71,958,612.57 year-on-year[9]. - Basic and diluted earnings per share were both ¥0.006, down 97.00% from ¥0.20 in the previous year[9]. - The net profit for the current period was ¥4,140,406.64, a decrease of 97% compared to ¥137,614,660.04 in the previous period[81]. - The net profit for the current period is CNY 25,931,365.89, compared to CNY 107,396,120.61 in the previous period, representing a decrease of approximately 76.1%[88]. - The total profit for the current period is CNY 28,381,043.27, down from CNY 114,232,165.80 in the previous period, indicating a decline of about 75.1%[88]. - The operating profit for the current period is CNY -9,092,331.88, compared to CNY 113,726,960.66 in the previous period, reflecting a significant loss[88]. Cash Flow - The net cash flow from operating activities was ¥38,167,356.24, a decline of 71.96% compared to ¥136,122,712.36 in the same period last year[9]. - Cash inflow from operating activities is CNY 800,186,462.02, slightly down from CNY 805,868,404.77 in the previous period[92]. - Cash outflow from operating activities totals CNY 762,019,105.78, compared to CNY 669,745,692.41 in the previous period, indicating an increase of approximately 13.8%[95]. - The net cash flow from operating activities is CNY 38,167,356.24, down from CNY 136,122,712.36 in the previous period, a decrease of about 72%[95]. - The total cash inflow from investment activities is CNY 1,883,911,799.67, compared to CNY 1,052,861,470.40 in the previous period, showing an increase of approximately 78.6%[95]. - The total cash outflow from investment activities is CNY 2,190,574,895.81, up from CNY 1,456,699,125.07 in the previous period, indicating an increase of about 50.3%[95]. - The net cash flow from financing activities is CNY 44,054,208.67, compared to CNY 58,271,415.11 in the previous period, reflecting a decrease of approximately 24.4%[98]. - The ending balance of cash and cash equivalents is CNY 1,256,835,857.09, compared to CNY 373,016,773.78 in the previous period, representing an increase of about 236.5%[98]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,302,527,468.43, a slight decrease of 0.33% from ¥7,327,018,193.54 at the end of the previous year[9]. - The total assets amounted to ¥5,824,731,687.64, down from ¥6,216,921,898.62 in the previous period[83]. - Total liabilities decreased from ¥1,344,550,109.98 to ¥1,315,989,675.92, a decline of about 2.12%[63]. - Current liabilities decreased from ¥1,141,008,642.30 to ¥1,097,469,661.67, a reduction of approximately 3.81%[63]. - The owner's equity totaled ¥5,501,774,474.90, an increase from ¥5,475,843,109.01 in the previous period[83]. - The total equity attributable to shareholders decreased from ¥5,981,995,305.59 to ¥5,980,370,305.12, a decrease of about 0.03%[66]. Investments and Subsidiaries - The company plans to acquire BIGL Industrial's drive arm and related components production business for USD 5 million equivalent in RMB[24]. - A new subsidiary, Suzhou Anzhi Wireless Technology Research Institute Co., Ltd., was established with an investment of RMB 10 million to enhance R&D capabilities[27]. - The company established a wholly-owned subsidiary, Suzhou Anjie Comfortable Home Technology Co., Ltd., with a registered capital of 10 million RMB to engage in technology promotion, daily goods sales, and home goods manufacturing[28]. - The company approved an investment of 1.45 million USD into its wholly-owned subsidiary, Shixin International Co., Ltd., to expand its overseas business[32]. - The company transferred 17.7274% of its equity in subsidiary Anjie Wireless Technology (Suzhou) Co., Ltd. to key employees and a partnership, retaining 82.2725% ownership after the transfer[28]. Research and Development - Research and development expenses grew by 62.71% to RMB 63,519,316.30 as the company intensified investment in new product development[20]. - Research and development expenses increased significantly to ¥63,519,316.30, a rise of 62.8% from ¥39,037,377.45 in the previous period[78]. Government and Non-Operating Income - The company received government subsidies amounting to ¥2,368,045.56 related to its operations during the reporting period[9]. - The company reported non-operating income of ¥37,476,876.04 due to compensation from a subsidiary for unmet performance commitments in 2020[9]. - The company reported a 4009.25% increase in non-operating income to RMB 37,695,398.39 due to performance compensation from subsidiaries[20]. Shareholder and Equity Activities - The company plans to repurchase shares with a total amount not less than 100 million RMB and not exceeding 200 million RMB, with a repurchase price capped at 20 RMB per share[36]. - The company raised a total of ¥1,508,269,977.54 through a non-public offering of shares, with a net amount of ¥1,477,429,977.54 after deducting issuance costs[45]. - As of March 31, 2021, the company had a remaining balance of ¥20,259.82 million from the raised funds, after utilizing ¥5,798.49 million during the reporting period[45]. Operational Changes - Chongqing Anjie Electronics Co., Ltd. absorbed its wholly-owned subsidiary, Chongqing Dahao Electronics Co., Ltd., to improve operational efficiency and reduce management costs[29]. - Suzhou West East Mountain Electronics Technology Co., Ltd. absorbed its wholly-owned subsidiary, Suzhou Weijie Communication Technology Co., Ltd., to streamline management and reduce costs[29].

Financial Performance - The company's operating revenue for 2020 was ¥2,905,309,763.51, a decrease of 7.36% compared to ¥3,136,135,980.79 in 2019[6]. - The net profit attributable to shareholders was ¥468,491,881.28, representing a significant increase of 172.07% from a loss of ¥650,033,035.76 in 2019[6]. - The net profit after deducting non-recurring gains and losses was ¥66,703,559.03, up 103.36% from a loss of ¥1,986,170,819.30 in 2019[6]. - The company's total assets increased by 5.72% to ¥7,327,018,193.54 at the end of 2020, compared to ¥6,930,388,247.25 at the end of 2019[6]. - The basic earnings per share for 2020 was ¥0.71, a recovery from a loss of ¥0.92 in 2019, marking a 177.17% improvement[6]. - The company reported a net cash flow from operating activities of ¥594,417,534.28, down 40.47% from ¥998,455,508.34 in 2019[6]. - The weighted average return on equity was 7.21%, a significant recovery from -10.41% in 2019[6]. - The company achieved a total revenue of ¥2,905,309,763.51 in 2020, a decrease of 7.36% compared to the previous year[59]. - Net profit attributable to shareholders increased by 172.07% to ¥468,491,881.28, with basic earnings per share rising by 177.17% to ¥0.71[59]. Investment and Expansion - The company plans to enhance its information storage hard drive components business, capitalizing on the growing demand driven by cloud computing and storage[44]. - The company is expanding production lines for electric vehicles in response to increasing customer demand, indicating significant growth potential in the new energy vehicle sector[43]. - The company reported an increase in cash and cash equivalents by ¥932,587,667.29, primarily due to operational cash inflows and funds raised from a private placement[49]. - The company's investment in construction projects increased by ¥376,674,256.88, reflecting ongoing expansion efforts in facilities and equipment[49]. - The company completed a non-public offering, raising a total of ¥1,013,799,890.22, with shares issued to 19 investors[59]. - The company plans to acquire BIGL Industrial and BIGL ASIA for a transaction price of $50 million, focusing on drive arms and related components[59]. - The company has invested $2 million in its wholly-owned subsidiary in the U.S., increasing its registered capital to $4 million[60]. - The company has invested a total of ¥23,917.96 million in the smart mobile terminal project, with an actual investment of ¥11,040.87 million, achieving a progress rate of 46.16%[118]. Product Development and R&D - The company is expanding its product offerings in the consumer electronics sector, including wireless charging modules and 3D thermal composite back covers for 5G smartphones[41]. - The company has a strong focus on R&D, with multiple patents and a dedicated team to support innovation and meet customer needs[53]. - The company is actively developing components that meet the new requirements of 5G smartphones, including heat management and electromagnetic interference shielding materials[130]. - The company has established good cooperation with well-known domestic and international smartphone manufacturers to meet the new requirements of 5G devices[130]. - Research and development expenses increased by 5.80% year-on-year, amounting to ¥227,123,318.38 in 2020[81]. - The number of R&D personnel rose by 19.43% to 928, representing 14.22% of the total workforce[83]. Risk Management and Compliance - The company emphasizes that forward-looking statements regarding development strategies and operational plans are subject to market conditions and other uncertainties, highlighting the importance of investor risk awareness[8]. - The company faces risks from intensified market competition and plans to optimize product structure, improve quality, and enhance production efficiency to maintain competitiveness[141]. - The company is expanding its management capabilities to address risks associated with its growing number of subsidiaries, including overseas operations[142]. - The company is implementing measures to mitigate foreign exchange risks, including increasing domestic customer acquisition and continuing foreign exchange hedging activities[144]. - The company has not experienced any major changes in the feasibility of its revised projects[125]. - The company has not encountered any issues or other circumstances regarding the use and disclosure of raised funds[125]. Shareholder Returns and Dividends - The profit distribution plan approved by the board is to distribute a cash dividend of 2 RMB (including tax) for every 10 shares, with no bonus shares issued[8]. - The company plans to distribute cash dividends of RMB 2 per 10 shares for the 2020 fiscal year, totaling RMB 140,277,127.60, which represents 29.94% of the net profit attributable to ordinary shareholders[150]. - The company has a comprehensive cash dividend policy in place, ensuring clarity and compliance with regulations for shareholder returns[149]. - The company has committed to distributing cash dividends to all shareholders to share operational results, with a minimum cash dividend ratio of 20% during profit distribution[153]. - The company has not distributed cash dividends for the 2019 fiscal year, reflecting a strategic decision based on its financial performance[150]. Corporate Governance and Structure - The company’s registered address is located at No. 8, Fuyin Road, Guangfu Town, Wuzhong District, Suzhou, with a postal code of 215159[21]. - The company’s stock is listed on the Shenzhen Stock Exchange under the stock code 002635[21]. - The company’s legal representative is Lü Li, and the contact for investor relations is Ma Yuyan[22]. - The company has not experienced any changes in its controlling shareholder since its listing[26]. - The company has established a talent development plan focusing on attracting top industry talent and enhancing existing employee training to meet future strategic needs[141]. - The company has made significant capital expenditures, making it difficult to distinguish its development stage[153]. Legal and Regulatory Matters - The company is currently involved in litigation regarding performance compensation obligations that have not been fulfilled by certain individuals[156]. - The company is involved in two significant lawsuits, with amounts of 62.76 million yuan and 26.36 million yuan, respectively, with no expected liabilities formed[171]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[163]. - The company has not experienced any major accounting errors that require retrospective restatement during the reporting period[165].

Financial Performance - Net profit attributable to shareholders was CNY 8,690,978.14, down 94.32% year-on-year[9]. - Operating revenue for the period was CNY 714,176,811.77, representing a decline of 10.95% compared to the same period last year[9]. - Basic earnings per share were CNY 0.01, a decrease of 96.00% compared to the previous year[9]. - The weighted average return on net assets was 0.42%, down 1.59% year-on-year[9]. - The company reported a net profit of ¥1,275,460,320.01, an increase from ¥840,071,018.98, representing a growth of approximately 51.7%[86]. - The net profit for the current period is ¥434,842,394.42, compared to ¥330,575,932.10 in the previous period, reflecting an increase of 31.6%[115]. - Net profit for Q3 2020 reached CNY 403,017,338.23, up from CNY 235,252,760.92 in Q3 2019, representing an increase of 71.3%[124]. Cash Flow - The net cash flow from operating activities was CNY 100,656,985.97, an increase of 15,039.97% year-on-year[9]. - Net cash flow from operating activities decreased by 27.84% year-on-year, mainly due to a decline in sales revenue influenced by market factors[36]. - Cash flow from operating activities for Q3 2020 was CNY 310,309,677.39, a decrease of 27.9% from CNY 430,049,687.87 in Q3 2019[127]. - The net cash flow from operating activities for the current period is CNY 232,218,691.72, a decrease of 34.9% compared to CNY 357,150,408.92 in the previous period[133]. - The cash inflow from sales of goods and services is CNY 925,486,328.49, down from CNY 1,033,706,307.78 in the previous period[133]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,960,595,397.99, a decrease of 13.99% compared to the end of the previous year[9]. - Total current assets decreased to ¥2,788,953,218.36 as of September 30, 2020, down from ¥3,858,999,469.94 at the end of 2019, representing a decline of approximately 27.7%[77]. - Total liabilities decreased to ¥1,030,259,168.84 from ¥1,245,300,422.11, reflecting a reduction of approximately 17.3%[83]. - The company's equity attributable to shareholders decreased to ¥4,929,478,913.77 from ¥5,683,906,713.85, a decline of about 13.2%[86]. - Total liabilities reached CNY 1,245,300,422.11, with current liabilities at CNY 1,128,073,343.51 and non-current liabilities at CNY 117,227,078.60[143]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,407[13]. - The largest shareholder, Lü Li, held 32.17% of the shares, amounting to 204,050,714 shares[13]. Investments and Projects - The company plans to raise a total of up to RMB 1,489 million through a non-public stock issuance, with the issuance amount not exceeding 30% of the total share capital prior to the issuance[37]. - The company has terminated the original fundraising project for "Consumer Electronics Metal Precision Structural Parts Construction Project" and redirected the funds to "Smart Mobile Terminal Component Production Base Construction Project" with an investment of ¥29,500 million (¥23,917.96 million from raised funds) and "Smart Mobile Terminal Component Product Technology Renovation and Expansion Project" with an investment of ¥20,000 million (fully funded by raised funds)[57]. - The company successfully acquired industrial land use rights for RMB 39.15 million for the construction of a factory related to the fundraising project[56]. Research and Development - Research and development expenses rose to CNY 59,557,016.88, up 37.8% from CNY 43,276,365.86 year-over-year[98]. - Research and development expenses for Q3 2020 amounted to CNY 51,597,997.55, up from CNY 45,880,563.04 in Q3 2019, indicating a growth of 12%[121]. Other Financial Metrics - The company reported a non-recurring profit and loss of CNY 343,466,628.66 for the period[12]. - The company reported an investment income of CNY 12,233,427.68, up from CNY 6,638,894.39, indicating a growth of 83.5%[98]. - The company experienced a foreign currency translation loss of ¥15,404,809.46, compared to a gain of ¥10,333,001.13 in the previous period[104].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,352,876,312.77, a decrease of 2.36% compared to ¥1,385,551,915.79 in the same period last year[19]. - The net profit attributable to shareholders of the listed company increased by 139.83% to ¥426,479,042.90, up from ¥177,826,233.60 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,175,412.15, a decrease of 24.43% compared to ¥92,859,687.38 in the same period last year[19]. - The net cash flow from operating activities was ¥209,652,691.42, down 51.17% from ¥429,384,844.97 in the previous year[19]. - Basic earnings per share increased by 175.00% to ¥0.66, compared to ¥0.24 in the same period last year[19]. - Total assets at the end of the reporting period were ¥5,914,191,928.86, a decrease of 14.66% from ¥6,930,388,247.25 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 13.16% to ¥4,935,973,465.10 from ¥5,683,906,713.85 at the end of the previous year[19]. - The weighted average return on net assets was 7.40%, an increase of 4.96% compared to 2.44% in the same period last year[19]. Cash Flow and Investments - The company reported a significant non-recurring loss of -880,192,573.55 CNY due to stock repurchases related to unfulfilled performance commitments[24]. - Cash and cash equivalents increased by 184,494,631.71 CNY compared to the beginning of the year, mainly due to customer payments received[30]. - The company’s cash flow from operating activities decreased by 51.17% to ¥209,652,691.42, primarily due to payments related to the transfer of equity interests[44]. - Cash and cash equivalents increased by 156.19% to ¥167,713,073.30, driven by the combined effects of operating, investing, and financing activities[44]. - The total amount of raised funds is CNY 147,743 million, with CNY 6,036.53 million invested during the reporting period[61]. - Cumulative investment of raised funds reached CNY 113,740.78 million[61]. - The company plans to use raised funds for the construction of a factory for precision metal components in the consumer electronics sector[64]. Market and Product Development - The company is expanding its product offerings in the consumer electronics sector, focusing on precision functional components and structures, with advancements in automated production lines and new processing technologies[27]. - The company is actively developing new products in the wireless charging module sector, providing comprehensive solutions from R&D to testing[28]. - The company aims to strengthen its position in the new energy vehicle market by supplying precision components and modules, including high-voltage connection components and battery covers[28]. - The company has established a solid customer base with high-end clients in the consumer electronics and new energy vehicle sectors, enhancing its competitive advantage[32]. - The company plans to expand its market presence in wireless charging and 5G communication fields, enhancing operational efficiency through information management[37]. - The company aims to deepen cooperation with customers and increase investment in new product and technology development to mitigate risks from macroeconomic fluctuations[81]. - The company is actively expanding into new energy vehicles and 5G communication sectors to diversify its revenue streams and reduce reliance on the consumer electronics sector[81]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company approved the repurchase and cancellation of 1,096,400 restricted shares from the 2017 incentive plan, completed on June 22, 2020[98]. - The company reported a total of 606.61 million yuan in related party transactions during the reporting period, with no transactions exceeding the approved amount of 7,650 million yuan[100]. - The company has a total of CNY 76,147,530.16 in assets under restriction due to various guarantees[54]. - The total number of ordinary shareholders at the end of the reporting period was 81,272[133]. - The largest shareholder, Lü Li, held 32.17% of the shares, amounting to 204,050,732 shares, with no changes during the reporting period[134]. - The company repurchased a total of 55,007,991 shares during the reporting period, leaving 7,268,154 shares as restricted[131]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[115]. - The wastewater discharge includes chemical oxygen demand (COD) at 207 mg/L and suspended solids at 108 mg/L, compliant with the GB8978-1996 standard[115]. - The company has established comprehensive pollution control measures and regularly maintains its pollution treatment facilities[119]. - The company has obtained environmental impact assessments and pollution discharge approvals for all its projects[119]. - The company has implemented emergency response plans for environmental incidents and conducts regular training for employees[119]. Legal and Risk Management - The company has ongoing litigation related to performance compensation obligations, with a claim amounting to approximately 6,275.95 million yuan[94]. - The company has not encountered any major litigation or arbitration matters during the reporting period[94]. - The company has implemented risk mitigation measures for foreign exchange fluctuations but acknowledges potential adverse impacts on operating performance due to increased foreign currency settlements[84]. - The company has faced management challenges due to the increasing number of subsidiaries, necessitating improvements in management practices and talent development[83].

Financial Performance - The company's operating revenue for 2019 was ¥3,136,135,980.79, a decrease of 11.76% compared to ¥3,554,259,001.14 in 2018[6]. - The net profit attributable to shareholders of the listed company was -¥650,033,035.76 in 2019, representing a decline of 218.73% from ¥547,493,479.18 in 2018[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,986,170,819.30, a decrease of 756.27% compared to -¥231,956,365.58 in 2018[6]. - The total assets at the end of 2019 were ¥6,930,388,247.25, down 21.21% from ¥8,795,722,620.57 at the end of 2018[6]. - The net assets attributable to shareholders of the listed company decreased by 18.22% to ¥5,683,906,713.85 from ¥6,949,954,083.77 at the end of 2018[6]. - The company reported a basic earnings per share of -¥0.92 in 2019, a decline of 226.03% from ¥0.73 in 2018[6]. - The gross profit margin for the main business was 26.59%, with a decrease of 3.43% compared to the previous year[73]. - The company reported a significant increase in asset impairment losses, which rose by 364.50% year-on-year, mainly due to provisions for goodwill and fixed asset impairments[101]. Cash Flow and Investments - The net cash flow from operating activities increased by 91.69% to ¥998,455,508.34 from ¥520,871,461.64 in 2018[6]. - The net cash flow from investing activities decreased by 95.68% year-on-year, mainly due to increased fixed asset investment expenditures and higher investment in financial products[99]. - The net cash flow from financing activities increased by 24.54% year-on-year, primarily due to a reduction in payments for financing lease contracts as they matured[101]. - The total cash and cash equivalents decreased by 45.53% year-on-year, indicating a net decrease of 300,547,415.01 yuan[98]. - The company’s total investment during the reporting period was ¥308,386,895.68, a significant decrease of 61.64% compared to ¥803,833,800.00 in the same period last year[115]. Shareholder Returns and Dividends - The company plans to not distribute cash dividends, issue bonus shares, or increase capital using reserves for the year[7]. - The company implemented a cash dividend policy, distributing RMB 1.00 per 10 shares for the years 2017 and 2018, while not distributing any dividends in 2019[176][177]. - The company did not propose any cash dividends or capital reserve transfers in 2019, indicating a focus on retaining earnings[180]. - The company’s independent directors fulfilled their responsibilities, ensuring that minority shareholders had opportunities to express their opinions[176]. Business Development and Strategy - The company reported a continuous growth in the precision functional components business for consumer electronics, with an expansion into metal precision structural components, new energy vehicles, new materials, and 5G communications[29]. - The company has been expanding its product offerings in the consumer electronics sector, including precision functional components and modules for smart devices[44]. - The company is enhancing its manufacturing capabilities by introducing advanced automated production lines and AOI inspection equipment[45]. - The company aims to capture the market opportunities presented by the large-scale commercialization of 5G, anticipating a surge in demand for 5G smartphones and related components[153]. - The company plans to expand its production capacity by constructing or expanding five factories in 2020 to support new business developments[159]. Risks and Challenges - The company faces macroeconomic volatility risks due to uncertainties in the domestic and international environment, including external economic friction and the COVID-19 pandemic[165]. - To mitigate intensified market competition risks, the company will optimize product structure, enhance product quality, and develop emerging products to maintain competitiveness[166]. - Management risks are heightened due to the expansion of subsidiaries, necessitating improved management efficiency and organizational structure[167]. - The company is exposed to exchange rate fluctuation risks as it expands its international business, which may impact operating performance[168]. Acquisitions and Subsidiaries - The company added four subsidiaries to its consolidated financial statements during the reporting period, enhancing its operational scope[86]. - The company acquired 100% equity of Suzhou Baozhi for RMB 9,257,633.02, completing the registration in January 2019[66]. - The company also acquired 100% equity of Chongqing Dahao Electronics for RMB 13,585,000, with the registration completed in October 2019[66]. - Suzhou Baozhi Construction Development Co., Ltd. was acquired for 130 million RMB and included in the consolidated financial statements from February 2019[199]. - Chongqing Dahao Electronics Co., Ltd. was acquired for 6 million RMB and included in the consolidated financial statements from October 2019[199]. Research and Development - Research and development expenses increased by 6.34% to 214,673,341.38 CNY in 2019, accounting for 6.85% of operating income[97]. - The company plans to increase R&D investment to enhance product innovation and ensure the launch of high-value, high-quality new products, thereby improving competitive advantage and sustainable development[160]. - The number of R&D personnel decreased by 12.10% to 777, while the proportion of R&D personnel increased to 12.16%[97]. Compliance and Governance - The financial report ensures the accuracy and completeness of the financial data presented, with the responsible parties affirming their accountability[5]. - The company has commitments related to share restrictions and profit compensation obligations that are currently being fulfilled[181]. - The company is actively managing its commitments to ensure compliance and mitigate risks associated with performance shortfalls[191].

Financial Performance - The company's revenue for Q1 2020 was ¥623,497,279.70, a decrease of 6.65% compared to ¥667,930,474.70 in the same period last year[9] - Net profit attributable to shareholders was ¥137,803,384.20, down 28.77% from ¥193,458,661.48 year-on-year[9] - The net profit after deducting non-recurring gains and losses increased significantly by 315.40%, reaching ¥71,958,612.57 compared to ¥17,322,582.72 in the previous year[9] - Basic and diluted earnings per share were both ¥0.20, down 23.08% from ¥0.26 in the previous year[9] - The company's net profit for the first quarter of 2020 is not explicitly stated in the provided documents, but the increase in retained earnings to CNY 976,884,079.82 from CNY 840,071,018.98 indicates positive performance[51] - Net profit for the quarter was CNY 137,614,660.04, a decline of 28.93% compared to CNY 193,511,337.47 in the same period last year[64] - The total comprehensive income for the current period is ¥107,396,120.61, a decrease of 46.8% from ¥201,665,537.36 in the previous period[74] Cash Flow - The net cash flow from operating activities was ¥136,122,712.36, a decline of 35.08% from ¥209,673,477.63 in the same period last year[9] - Operating cash flow decreased by 35.08% year-on-year, primarily due to a decrease in customer payments received[25] - Cash flow from operating activities for the current period is ¥136,122,712.36, down 35% from ¥209,673,477.63 in the previous period[78] - The cash flow from operating activities generated a net amount of 190,963,270.14, slightly up from 188,573,410.53 in the previous period[82] - The cash flow from operating activities saw a decrease in cash payments for goods and services to 152,816,893.98 from 252,737,416.04, a decline of approximately 39.5%[82] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,007,382,437.94, an increase of 1.11% from ¥6,930,388,247.25 at the end of the previous year[9] - The company's current assets totaled CNY 3,960,845,221.35 as of March 31, 2020, compared to CNY 3,858,999,469.94 at the end of 2019, indicating an increase of about 2.6%[42] - Total liabilities decreased to CNY 1,197,327,982.68 from CNY 1,245,300,422.11, a decline of about 3.9%[48] - The company's total assets increased to CNY 5,806,374,553.25, up from CNY 5,635,699,201.52[58] - Total liabilities rose to CNY 513,625,800.67, compared to CNY 456,979,944.82 in the previous year[58] Investments and Financing - The company plans to establish a wholly-owned subsidiary in Hong Kong with an investment of $40 million to enhance international business operations[27] - The company intends to raise up to 150 million RMB through a private placement to fund expansion projects and working capital[28] - The net cash flow from financing activities decreased by 237.93% year-on-year, primarily due to increased cash inflows from short-term bank financing[25] - The net cash flow from financing activities was 58,271,415.11, a significant improvement from the previous period's negative cash flow of -42,248,383.19[81] Research and Development - Research and development expenses were CNY 39,037,377.45, a decrease from CNY 43,230,022.57 in the previous year[61] - The company reported a significant decrease in research and development expenses to ¥12,364,747.49 from ¥14,759,152.07, a reduction of 16.2%[68] Other Financial Metrics - The weighted average return on equity was 2.40%, a decrease of 0.36% from 2.76% in the previous year[9] - The company received government subsidies amounting to ¥5,935,971.32 during the reporting period[9] - The company reported a non-recurring gain of ¥60,530,192.40 related to the fair value change of share compensation in subsidiary performance compensation[9] - Financial expenses decreased by 209.63% year-on-year, mainly due to unrealized exchange gains from fluctuations in the RMB/USD exchange rate[25] - The financial expenses for the current period show a notable change, with a net income of -¥10,090,807.03 compared to a positive income of ¥9,343,386.08 in the previous period[68]

Financial Performance - Operating revenue for the reporting period was CNY 801,982,398.89, down 22.74% year-on-year[9] - Net profit attributable to shareholders was CNY 152,987,005.23, a decrease of 18.96% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 140,995,339.95, down 18.07% year-on-year[9] - The company's operating profit decreased by CNY 492,028,178.72, a drop of 176.61%, mainly due to the repurchase and cancellation of shares related to unfulfilled performance commitments[25] - The company reported a net profit of CNY 158,823,730.01 for Q3 2019, compared to a net profit of CNY 220,000,000.00 in Q3 2018, indicating a decrease of 28.0%[66] - The company's total profit for the current period is ¥370,574,508.58, down from ¥545,114,306.43 in the previous period[86] Cash Flow - The net cash flow from operating activities was CNY 664,842.90, an increase of 108.29% compared to the same period last year[9] - The net cash flow from operating activities increased by CNY 184,128,396.67, a growth of 74.87%, driven by higher customer payments and reduced supplier payments[28] - The net cash flow from operating activities was CNY 430,049,687.87, an increase from CNY 245,921,291.20 in the prior period, reflecting improved operational efficiency[98] - The cash inflow from operating activities totaled CNY 2,527,603,398.77, up from CNY 2,475,201,557.11 year-over-year[98] - The company's net cash flow from financing activities was negative at CNY -130,196,917.52, an improvement from CNY -339,098,788.20 in the prior period, indicating better management of financing costs[104] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,167,829,363.06, a decrease of 7.14% compared to the end of the previous year[9] - The company's current assets totaled CNY 2,791,241,647.60, down from CNY 3,519,416,655.81 at the end of 2018, indicating a decline of approximately 20.7%[48] - The total liabilities decreased to CNY 1,491,531,040.10 from CNY 1,844,909,722.54, reflecting a reduction of approximately 19.1%[54] - The company's equity attributable to shareholders decreased to CNY 6,674,660,157.53 from CNY 6,949,954,083.77, a decline of about 3.9%[56] - Total liabilities amounted to ¥1,844,909,722.54, with non-current liabilities at ¥118,304,981.86[120] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,969[12] - The largest shareholder, Lü Li, held 29.61% of the shares, totaling 204,050,714 shares[12] Investments and Acquisitions - The company plans to increase its investment in Shenzhen Anjie Electronics Co., Ltd. by RMB 10 million, raising its registered capital from RMB 20 million to RMB 30 million[29] - A further investment of RMB 40 million will increase Shenzhen Anjie’s registered capital to RMB 70 million to meet increased production capacity demands[29] - The acquisition of 100% equity in Chongqing Dahao Electronics Co., Ltd. was completed for a total consideration of RMB 13.585 million[32] Other Income and Expenses - The company reported a government subsidy of CNY 13,252,073.35 during the reporting period[11] - Other income rose by CNY 12,789,242.26, an increase of 297.01%, mainly due to higher government subsidies received compared to the previous year[25] - The company's financial expenses increased by CNY 17,625,780.01, a rise of 35.66%, primarily due to the impact of RMB to USD exchange rate fluctuations[25] Inventory and Receivables - Accounts receivable decreased to CNY 948,262,715.33 from CNY 1,192,259,412.73, showing a reduction of approximately 20.5%[48] - Inventory levels slightly decreased to CNY 546,233,207.05 from CNY 569,903,550.82, a decline of about 4.2%[48] Comprehensive Income - The total comprehensive income amounted to CNY 235,252,760.92, compared to CNY 436,033,028.40 in the previous period, indicating a significant decrease[97] Research and Development - Research and development expenses for the current period amount to ¥16,912,496.18, slightly increasing from ¥16,050,708.91 in the previous period[76]

Financial Performance - Revenue for the reporting period was ¥1,385,551,915.79, a decrease of 5.50% compared to ¥1,466,248,374.47 in the same period last year[27]. - Net profit attributable to shareholders was ¥177,826,233.60, down 25.08% from ¥237,342,953.33 year-on-year[27]. - The net profit excluding non-recurring gains and losses surged to ¥92,859,687.38, a significant increase of 230,132.59% compared to ¥40,332.99 in the previous year[27]. - Operating cash flow for the period was ¥429,384,844.97, reflecting a 69.09% increase from ¥253,937,542.73 in the same period last year[27]. - Total assets at the end of the reporting period were ¥7,931,146,809.97, a decrease of 9.83% from ¥8,795,722,620.57 at the end of the previous year[27]. - The net assets attributable to shareholders decreased by 6.34% to ¥6,509,670,607.67 from ¥6,949,954,083.77 at the end of the previous year[27]. - The company achieved operating revenue of CNY 1,385,551,915.79, a decrease of 5.50% compared to the same period last year[51]. - Basic earnings per share were CNY 0.24, reflecting a decline of 25.00% compared to the previous year[51]. - The gross profit margin for the main business revenue was 23.05%, reflecting a decrease of 7.37% compared to the previous year[62]. Investment and Capital Changes - The company reported a registered capital change from RMB 737,951,831 to RMB 689,210,071[26]. - The company invested RMB 3,000,000 to increase the registered capital of its wholly-owned subsidiary, Chongqing Anjie, raising it from RMB 7,000,000 to RMB 10,000,000[54]. - The acquisition of 100% equity in Suzhou Baozhi was completed for RMB 9,257,633.02, enhancing the company's strategic positioning[54]. - The company sold 80% of its controlling subsidiary, Pushing Technology, for a total consideration of RMB 1,200,000, with additional liabilities assumed by the buyer[57]. - The company raised CNY 1,477.43 million through a private placement for asset acquisition, with all funds verified and accounted for[81]. - The company allocated 10,000 million RMB to increase investment in Chongqing Anjie, achieving 100% of the planned investment[88]. - A total of 15,000 million RMB was invested in establishing Suzhou Fubao Optoelectronics Co., achieving 100% of the planned investment[88]. - The company successfully completed the construction of a new factory using 30,000 million RMB of raised funds, with an actual expenditure of 30,820.7 million RMB[90]. Research and Development - The company has made significant progress in developing new materials and upgrading products from single components to modules in the precision electronic components sector[39]. - The company is focusing on high-level new product development and technological innovation, particularly in wireless charging and 5G communication fields[51]. - The company plans to enhance its research and development investment in new technologies and processes, particularly in the wireless charging modules for consumer electronics and electric vehicles[51]. - Research and development expenses were RMB 92,189,855.94, a slight decrease of 0.67% compared to RMB 92,812,261.35 in the previous year[59]. Market and Sales - Domestic sales accounted for 54.20% of total revenue, increasing from 47.60% year-on-year, while international sales decreased to 45.80% from 52.40%[62]. - Domestic sales reached ¥719,424,366.14, an increase of 16.09% year-over-year[65]. - International sales amounted to ¥631,201,127.00, reflecting a growth of 30.98% year-over-year[65]. - The company has established a solid customer base with high-end clients in the consumer electronics and new energy vehicle sectors, which supports its stable revenue levels[47]. Risk Management - The company acknowledges potential risks including intensified market competition and exchange rate fluctuations[6]. - The company has identified risks related to market competition, management, technology updates, and labor costs, and has outlined strategies to mitigate these risks[102][105]. Shareholder and Equity Information - The total number of foreign shares decreased from 133,400 to 74,800, reflecting a reduction in foreign ownership[157]. - The total number of ordinary shareholders at the end of the reporting period was 49,292[165]. - The largest shareholder, Lv Li, holds 29.61% of the shares, totaling 204,050,714 shares[169]. - The second-largest shareholder, Wang Chunsheng, holds 21.31% of the shares, totaling 146,900,000 shares, with an increase of 300,000 shares during the reporting period[169]. - The total number of restricted shares at the end of the period was 326,650,710, with 45,591,560 shares released during the reporting period[163]. - The company did not issue any new securities during the reporting period[164]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[145]. - The company has established complete waste gas and wastewater treatment plans, with good operational status of pollution control facilities[147]. - The company has obtained environmental impact assessments and pollution discharge approvals for all projects[147]. - The company has developed emergency plans for sudden environmental incidents and conducts regular training[147]. - The company has implemented self-monitoring plans for environmental protection with automatic monitoring equipment[147]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and management[5]. - All directors attended the board meeting to review the report[6]. - The company appointed a new deputy general manager and financial officer on March 11, 2019[185]. - The company reported no significant litigation or arbitration matters during the reporting period, with a minor litigation amounting to 12.74 million yuan, which does not have a major impact on the company[118].

Financial Performance - The company's operating revenue for Q1 2019 was ¥667,930,474.70, representing an increase of 8.10% compared to ¥617,900,413.77 in the same period last year[9]. - Net profit attributable to shareholders for Q1 2019 was ¥193,458,661.48, a significant increase of 86.47% from ¥103,747,942.82 year-on-year[9]. - Basic and diluted earnings per share for Q1 2019 were both ¥0.26, an increase of 85.71% from ¥0.14 in the previous year[9]. - The company reported a net profit increase, with retained earnings rising to ¥1,752,399,822.36 from ¥1,558,941,160.88, an increase of 12.38%[58]. - The total profit for the period reached CNY 205,627,117.97, a significant increase from CNY 37,102,346.71 in the previous period, representing a growth of approximately 453%[79]. - The net profit for the period was CNY 201,665,537.36, compared to CNY 31,536,994.70 in the same period last year, indicating a year-over-year increase of about 538%[79]. Cash Flow - The net cash flow from operating activities increased by 30.65% to ¥209,673,477.63 from ¥160,480,280.38 in the same period last year[9]. - Cash flow from operating activities amounted to CNY 209,673,477.63, up from CNY 160,480,280.38 in the previous year, marking an increase of about 30.6%[82]. - Cash inflow from operating activities totaled CNY 983,973,882.54, compared to CNY 905,102,919.97 in the previous year, indicating an increase of about 8.7%[85]. - The net cash flow from operating activities was ¥188,573,410.53, an increase of 99% compared to ¥94,732,047.56 in the previous period[90]. - The cash inflow from operating activities totaled ¥510,357,091.50, up from ¥386,368,016.51, indicating a growth of approximately 32%[90]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,616,794,512.93, a decrease of 2.03% from ¥8,795,722,620.57 at the end of the previous year[9]. - Current liabilities decreased to ¥1,377,931,497.37, a reduction of 20.19% from ¥1,726,604,740.68[56]. - Total liabilities were ¥1,467,585,735.04, down 20.38% from ¥1,844,909,722.54[56]. - Non-current assets totaled ¥5,248,484,219.31, a decrease of 0.52% from ¥5,276,305,964.76[52]. - The total current assets of the company were 3.37 billion yuan as of March 31, 2019, compared to 3.52 billion yuan at the end of 2018[50]. Investments - The company completed the acquisition of 100% equity in Suzhou Baozhi for ¥9,257,633.02 to support future business development[31]. - The company won the land use rights for an industrial site in Suzhou for ¥15,773,654 to meet future operational needs[31]. - The company increased its investment in Chongqing Anjie by ¥30 million, raising its registered capital from ¥70 million to ¥100 million[32]. - The company reported a cash inflow of ¥321,741,996.75 from investment activities, slightly down from ¥335,608,010.29 in the previous period[90]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,202[12]. - The company completed the repurchase of 3,150,200 shares, accounting for 0.4269% of the total share capital, with a total payment of approximately 39.99 million yuan[36]. - The company plans to repurchase 44,484,310 shares as compensation for the unmet performance commitment, at a total price of 1 yuan[33]. Operational Costs - Operating costs rose by 28.79% to ¥520,222,125.60, driven by increased sales revenue and higher labor and manufacturing costs[27]. - Total operating costs increased to ¥645,967,634.93, up 28.03% from ¥504,315,834.29 in the previous period[68]. Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to ¥8,270,073.92 during the reporting period[9]. - The company reported a non-recurring gain of ¥168,147,703.01 related to the compensation for unfulfilled performance commitments from subsidiaries[9]. Financial Position - The company's cash and cash equivalents decreased by 39.28% to ¥530,913,190.40 due to payments to suppliers and investments in short-term financial products[23]. - The company's trading financial assets increased to 682.08 million yuan as of March 31, 2019, compared to 514.12 million yuan at the end of 2018[50]. - Accounts receivable totaled 1.04 billion yuan as of March 31, 2019, a decrease from 1.36 billion yuan at the end of 2018[50]. - Inventory stood at 487.14 million yuan as of March 31, 2019, down from 569.90 million yuan at the end of 2018[50].