证券代码：002681 证券简称：奋达科技 公告编号：2021-055 深圳市奋达科技股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市奋达科技股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"沟通传递价值，交流创造良好生态"——2021 深圳辖区上市公司投资者 网上集体接待日活动，现将有关事项公告如下：本次集体接待日活动将在深圳市 全景网络有限公司提供的网上平台，采取网络远程的方式举行，投资者可以登录 "全景•路演天下"网站（http://rs.p5w.net/）或关注微信公众号：全景财经，参 与公司本次投资者集体接待日活动，活动时间为 2021 年 11 月 30 日 14:00 至 17:00。 届时公司的董事兼董事会秘书谢玉平女士、财务总监程川女士将通过网络文 字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 深圳市奋达科技股份有限公司董事会 2 ...

Financial Performance - The company's revenue for Q3 2021 was ¥1,239,474,294.71, representing a 22.24% increase year-over-year[2] - The net profit attributable to shareholders was -¥27,087,520.52, a decrease of 110.28% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥34,600,049.45, a decline of 227.19% year-over-year[2] - Total operating revenue for Q3 2021 reached ¥2,975,360,564.38, an increase of 18.6% compared to ¥2,507,399,211.99 in the same period last year[23] - Operating profit for the period was a loss of ¥249,127,480.60, compared to a profit of ¥100,434,797.42 in the previous year[23] - The net profit for Q3 2021 was -184,563,237.65 CNY, compared to a net profit of 1,055,412,890.07 CNY in the same period last year, indicating a significant decline[25] - The total comprehensive income for the period was -184,563,237.65 CNY, with a total comprehensive income attributable to the parent company of -146,814,806.93 CNY[25] - The basic and diluted earnings per share for Q3 2021 were both -0.0805 CNY, down from 0.5338 CNY in the previous year[26] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥5,087,408,135.59, down 1.86% from the end of the previous year[4] - Total assets decreased to ¥5,087,408,135.59 from ¥5,183,708,377.19 at the end of the previous quarter[20] - Total liabilities increased to ¥3,025,285,699.05, up from ¥2,933,206,367.99 in the previous quarter[20] - The company's total equity decreased to ¥2,062,122,436.54 from ¥2,250,502,009.20 in the previous quarter[20] - Total liabilities decreased significantly, with current liabilities showing a notable reduction due to the repayment of long-term borrowings[11] Cash Flow - Operating cash flow for the year-to-date was -¥33,311,323.50, a decrease of 110.85% compared to the same period last year[9] - Cash inflows from operating activities totaled 3,604,157,591.77 CNY, an increase from 2,986,672,555.34 CNY in the same period last year[27] - Cash outflows from operating activities amounted to 3,637,468,915.27 CNY, compared to 2,679,563,317.09 CNY in the previous year[28] - The net cash flow from operating activities was -33,311,323.50 CNY, a decrease from 307,109,238.25 CNY in the same period last year[28] - The net cash flow from investing activities was -274,852,710.75 CNY, improving from -405,413,092.47 CNY in the previous year[28] - The net cash flow from financing activities was -103,286,929.91 CNY, compared to a positive flow of 80,228,328.32 CNY in the same period last year[28] - The cash and cash equivalents at the end of the period were 566,373,976.77 CNY, down from 764,180,933.49 CNY at the end of the previous year[28] Expenses - Research and development expenses increased by 41.26% to ¥224,007,196.76, driven by investments in new projects and products[8] - Research and development expenses amounted to ¥224,007,196.76, representing a significant increase from ¥158,579,762.07 in the same quarter last year[23] - The company reported a significant increase in operating costs, with a year-to-date increase of 36.53% to ¥2,725,683,945.57[8] - Total operating costs increased to ¥3,272,237,082.32, up 36% from ¥2,409,904,064.98 year-on-year[23] - The company experienced a 40.12% increase in selling expenses, totaling ¥89,750,800.62, due to higher costs associated with product sales[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 63,773, with the largest shareholder holding 30.70% of the shares[13] - The largest shareholder, Xiao Fen, holds 560,245,372 shares, with 434,682,733 shares pledged[13] Future Outlook - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge[11] - Future guidance indicates a continued emphasis on project development and inventory management to support growth initiatives[11] Inventory and Receivables - Inventory increased by 84.47% to ¥900,904,168.22 from ¥488,383,681.89, primarily due to stockpiling for new projects[11] - Other receivables decreased by 37.56% to ¥90,849,094.41 from ¥145,487,059.80, primarily due to the recovery of funds from the disposal of equity in Shenzhen Oupenda[11] - Contract liabilities rose by 196.25% to ¥282,349,124.49 from ¥95,307,171.78, attributed to increased advance payments from customers for new projects[11] - Long-term prepaid expenses surged by 152.74% to ¥53,522,463.47 from ¥21,176,746.39, mainly due to increased renovation costs for factory buildings[11] Cash and Cash Equivalents - Cash and cash equivalents decreased by 44.40% to ¥653,149,834.05 from ¥1,174,684,095.37 due to increased payments to suppliers and project costs[11] - Cash and cash equivalents in current assets totaled ¥2,499,171,912.26, down from ¥2,773,018,837.14[20]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,735,886,269.67, representing a 16.24% increase compared to ¥1,493,398,740.01 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was -¥119,727,286.41, a decrease of 115.02% from ¥797,248,907.24 in the previous year[25]. - The net cash flow from operating activities was -¥3,026,504.87, down 101.20% from ¥252,107,061.66 in the same period last year[25]. - The basic and diluted earnings per share were both -¥0.0656, a decline of 116.73% from ¥0.3921 in the previous year[25]. - The weighted average return on net assets was -5.45%, a decrease of 36.37% from 30.92% in the previous year[25]. - The company reported a significant increase in sales expenses by 70.78% to ¥60,241,931.12, reflecting greater market investment in smart speakers and health appliances[45]. - The gross profit margin decreased due to higher costs, impacting overall profitability despite revenue growth[45]. - The net profit for the first half of 2021 was a loss of ¥148,800,324.37, compared to a net profit of ¥795,578,483.13 in the first half of 2020[147]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,960,533,085.20, a decrease of 4.31% from ¥5,183,708,377.19 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥2,137,221,164.34, down 5.26% from ¥2,255,812,718.68 at the end of the previous year[25]. - The company's total liabilities decreased to CNY 2,857,695,668.30 from CNY 2,933,206,367.99, representing a decline of approximately 2.6%[138]. - The total current assets decreased to CNY 2,473,880,885.50 from CNY 2,773,018,837.14, a decline of approximately 10.8%[136]. - The company's non-current assets totaled CNY 2,486,652,199.70, up from CNY 2,410,689,540.05, reflecting an increase of about 3.2%[136]. Research and Development - R&D expenses increased by 51.80% year-on-year to 51.98 million CNY, accounting for 8.78% of operating revenue[35][39]. - Research and development expenses rose to ¥152,332,720.12, a significant increase of 51.9% from ¥100,348,680.42 in the previous year[145]. - The company plans to enhance product design and increase R&D investment to improve product value and pricing power[36]. Market Position and Strategy - The company maintains a strong customer base, including major clients like Alibaba, Huawei, and Walmart, which contributes to stable revenue and profit[38]. - The company is focused on developing new products in smart speakers, wearables, and health appliances to drive future growth[35]. - The company aims to optimize procurement costs by leveraging group advantages and establishing strategic partnerships with suppliers[36]. - The company achieved a market share increase in the smart wearable segment, reinforcing its leading position in this niche market[43]. - The company is actively seeking partnerships with firms like Philips and OMRON in the health and medical-grade smart wearable product sector[43]. Cash Flow and Financing - The net increase in cash and cash equivalents was -¥464,604,119.55, a decrease of 246.79% compared to the previous year, due to higher payments to suppliers and reduced financing from banks[47]. - Cash inflow from operating activities totaled CNY 2,378,680,675.51, up from CNY 2,010,345,766.80 in the first half of 2020, reflecting a year-over-year increase of approximately 18.3%[153]. - Cash outflow from operating activities was CNY 2,381,707,180.38, compared to CNY 1,758,238,705.14 in the previous year, resulting in a net cash flow from operating activities of CNY -3,026,504.87[153]. - The financing activities resulted in a net cash flow of -106,953,528.84 CNY, contrasting with a positive cash flow of 10,257,159.12 CNY in the previous period[156]. Shareholder Information - The total number of shares before the change was 1,824,667,620, with a total of 16,117,894 shares reduced, resulting in 1,824,667,620 shares after the change[117]. - The largest shareholder, Xiao Fen, holds 39.36% of the shares, totaling 718,245,372 shares, with a decrease of 6,800,000 shares during the reporting period[122]. - The total number of shareholders holding more than 5% of ordinary shares was 63,239 at the end of the reporting period[120]. - The company has not implemented any share buyback or repurchase during the reporting period[119]. Compliance and Governance - The semi-annual financial report has not been audited[91]. - The company has not faced any major litigation or arbitration matters during the reporting period[89]. - The integrity status of the company and its controlling shareholders remains good, with no significant debts due that have not been settled[96]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[184].

Financial Performance - The company's operating revenue for Q1 2021 was ¥829,717,791.05, representing a 39.30% increase compared to ¥595,642,359.77 in the same period last year[7] - The net profit attributable to shareholders for Q1 2021 was ¥37,419,403.89, a decrease of 41.30% from ¥63,749,534.56 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,868,492.60, down 46.79% from ¥52,379,213.96 year-on-year[7] - The basic and diluted earnings per share for Q1 2021 were both ¥0.0205, down 34.71% from ¥0.0314 in the same period last year[7] - Operating profit for the quarter was CNY 39,605,742, down from CNY 67,298,466 year-over-year, reflecting a decrease of approximately 41.3%[39] - Net profit attributable to shareholders was CNY 37,419,404, compared to CNY 63,749,535 in the same quarter last year, representing a decline of about 41.2%[39] - Total comprehensive income for the period reached ¥44,017,623.16, compared to ¥28,315,062.53 in the previous period, reflecting a significant increase[43] Cash Flow - The net cash flow from operating activities was ¥110,260,563.28, a decline of 52.83% compared to ¥233,765,551.09 in the same quarter last year[7] - Cash inflow from operating activities totaled ¥1,267,821,556.99, up from ¥993,704,469.19 in the previous period, indicating a growth of approximately 27.5%[44] - Cash inflow from investment activities amounted to ¥1,083,850,553.42, compared to ¥492,975,976.74 in the previous period, showing an increase of approximately 119.9%[46] - Net cash flow from investment activities was -¥361,423,158.63, worsening from -¥106,603,546.14 in the previous period[46] - Cash inflow from financing activities was ¥90,000,000.00, compared to -¥96,000,000.00 in the previous period, indicating a recovery in financing[46] - The ending balance of cash and cash equivalents was ¥611,658,154.79, up from ¥351,580,080.60 in the previous period, reflecting an increase of approximately 73.9%[46] - The net increase in cash and cash equivalents for the period was -¥365,319,192.61, compared to -¥429,465,386.80 in the previous period, showing a slight improvement[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,955,471,404.01, a decrease of 4.40% from ¥5,183,708,377.19 at the end of the previous year[7] - The company's total liabilities decreased to CNY 2,699,128,028.02 from CNY 2,933,206,367.99, representing a reduction of approximately 8%[34] - Cash and cash equivalents decreased to ¥867,765,499.50 from ¥1,174,684,095.37, showing a decline in liquidity[30] - Accounts receivable decreased to ¥668,813,222.85 from ¥856,868,904.10, indicating improved collection efforts[30] - The company's total current liabilities decreased to CNY 1,932,051,806.96 from CNY 2,190,036,675.08, a reduction of about 11.8%[36] - Long-term payables increased by 285.04% to ¥39,077,719.59, primarily due to reclassification of long-term payables[17] Expenses - Operating costs increased to ¥651,956,439.69, reflecting a 50.34% rise primarily due to increased sales of smart speakers and health appliances, as well as rising raw material costs[17] - Research and development expenses surged by 84.05% to ¥67,776,241.45, attributed to increased investment in smart speakers, wearables, smart locks, and TWS earphones[17] - Financial expenses for the quarter were CNY 14,865,628, an increase from CNY 12,312,194, reflecting a rise of approximately 20.8%[39] - The company recorded a tax expense of CNY 8,355,601, compared to CNY 5,399,564 in the previous year, which is an increase of about 55.5%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,042, with the largest shareholder holding 39.36% of the shares[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[14] Other Information - The company reported non-operating income of ¥9,550,911.29, which includes government subsidies and other income[7] - The company implemented the revised Accounting Standard No. 21 for leases starting January 1, 2021, and chose not to recognize right-of-use assets and lease liabilities due to only having short-term lease operations[51] - The first quarter report for 2021 was not audited[53]

Financial Performance - The company's operating revenue for 2020 was approximately ¥3.54 billion, a slight increase of 0.06% compared to 2019[32]. - The net profit attributable to shareholders for 2020 was approximately ¥1.07 billion, a significant increase of 134.90% compared to a net loss of approximately ¥3.05 billion in 2019[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥163.19 million, representing a 105.29% increase from a net loss of approximately ¥3.08 billion in 2019[32]. - The basic earnings per share for 2020 was ¥0.55, a recovery from a loss of ¥1.49 per share in 2019, marking a 136.91% improvement[32]. - The total assets at the end of 2020 were approximately ¥5.18 billion, an increase of 5.88% from approximately ¥4.90 billion at the end of 2019[32]. - The net cash flow from operating activities for 2020 was approximately ¥478.70 million, a decrease of 32.90% compared to ¥713.39 million in 2019[32]. - The weighted average return on net assets for 2020 was 39.42%, a significant recovery from -82.40% in 2019[32]. - The company's net assets attributable to shareholders increased by 3.49% year-on-year, reaching CNY 2,255,812,718.68[34]. - The company reported a non-operating income from government subsidies of CNY 92,661,574.65 in 2020, up from CNY 36,825,821.69 in 2019[40]. - The company achieved a total operating revenue of ¥3,537,728,683.41 in 2020, a slight increase of 0.06% compared to ¥3,535,639,194.26 in 2019[68]. - The company reported a net profit of 62,074,273.57 CNY from its subsidiary Shenzhen Fenda Intelligent Technology Co., with a revenue of 653,994,175.07 CNY[105]. Business Strategy and Focus - The company aims to focus on its core business, enhancing market expansion, technology research and development, and supply chain management[15]. - The company is exploring entry into the smart automotive sector, leveraging its core competencies in wireless, audio, software, and precision manufacturing[15]. - The company emphasizes the importance of maintaining a high market share to secure pricing power and aims to rank among the top five in its industry[15]. - The company has identified smart wearables, smart voice speakers, and hair styling appliances as its star businesses, with a focus on developing other product lines to achieve similar success[15]. - The company is committed to innovation and brand development as dual drivers of growth, with plans to enhance its research and development capabilities[15]. - The company recognizes the need for a talent pipeline and an innovative corporate culture to adapt to the evolving technological landscape[15]. - The company has established a strategy to concentrate on its main business and improve operational efficiency in a complex market environment[15]. - The company aims to build its product lines into star products within the Boston Matrix to ensure sustained rapid growth[15]. - The company is actively seeking collaborations with major health and medical companies to enhance its product offerings in the smart wearable sector[55]. - The company is focusing on the development of smart home products and plans to expand its market presence in the smart speaker segment[112]. - The company aims to enhance brand value and market positioning for its sub-brands, including Fenda, Lecheng, and Luomansi, while actively expanding its customer base[115]. Research and Development - The company focuses on R&D in consumer electronics, with major products including wireless audio, smart wearables, and health appliances, targeting high-end markets[46]. - The company's R&D investment in 2020 was CNY 21,228 million, representing a compound annual growth rate of 29.24% since its IPO, accounting for 6.00% of revenue[51]. - The company has filed for 111 patents and software copyrights, including 37 invention patents, indicating a strong focus on innovation and intellectual property protection[65]. - R&D expenses for the year amounted to CNY 212.28 million, accounting for 6% of total revenue, with a focus on smart speakers and wearable products[89]. - The company plans to enhance its market share in the smart wearable sector by increasing investment in research and development, particularly in health monitoring products[112]. - The company will increase R&D investment and collaborate with renowned universities to cultivate a sustainable talent pool in technology innovation[115]. Market Trends and Challenges - The smart speaker market in China saw a sales volume of 36.76 million units in 2020, a year-on-year decline of 8.6%, but is expected to exceed 42 million units in 2021, growing by 14%[108]. - Global wearable device sales reached 284.1 million units in the first three quarters of 2020, marking a year-on-year increase of 26.5%[109]. - The precision structural components industry is anticipated to benefit from the recovery of the smartphone market, with a projected 11.4% growth in global smartphone sales in 2021[111]. - The company anticipates risks from the ongoing COVID-19 pandemic, which could adversely affect its operational performance, and plans to strengthen domestic market efforts[116]. - The company faces risks from raw material price fluctuations, particularly for chips and electronic components, and will implement refined production management to mitigate these impacts[116]. - The company is exposed to RMB exchange rate fluctuations, which could affect export competitiveness, and plans to enhance domestic market efforts and utilize financial derivatives for risk management[116]. - The company recognizes the risk of core technical personnel turnover and will enhance incentive mechanisms to retain high-end talent[117]. Corporate Governance and Shareholder Relations - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company has committed to ensuring that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[125]. - The company has a transparent decision-making process regarding its cash dividend policy, which aligns with long-term development and shareholder returns[125]. - The company has committed to strict adherence to its promises regarding performance and related party transactions[128]. - The company has established a long-term commitment to ensuring the independence of its financial operations, including the establishment of an independent financial department and accounting system[150]. - The company has a commitment to ensuring that its assets are not used to guarantee the debts of other enterprises under its control[150]. - The company has outlined a strategy to seek new suitable properties to ensure uninterrupted production operations in case of any leasing issues[144]. - The company has established a competitive prohibition commitment for key personnel to prevent conflicts of interest and ensure loyalty to the company[144]. Legal and Compliance Matters - The company faced a litigation case involving Guangju Communications with a disputed amount of 89.3757 million RMB, which has been ruled by the Shenzhen International Arbitration Court, but the execution of the ruling remains uncertain[174]. - The company withdrew a previous arbitration application related to Fuchengda's performance commitment dispute, which involved a claim of 1.9345115 billion RMB, and this withdrawal is not expected to have a significant impact on the company's profits[174]. - The company reported no significant accounting errors requiring retrospective restatement during the reporting period[169]. - The company confirmed that the changes in accounting policies will not significantly impact its financial position, operating results, or cash flows[168]. Operational Efficiency and Production Capacity - The company has established a strong order delivery capability with a production capacity of 24 million sets, becoming one of the largest production bases for audio products and smart wearables in China[52]. - The company is expanding its production capacity with the completion of the first phase of the Dongguan Qingxi production base, which is expected to enhance operational efficiency[66]. - The company reported a significant decline in inventory levels across various product categories, with smart wearable products inventory decreasing by 99.97% year-on-year[75]. - The company has established a training system for employees to enhance their skills and has implemented various employee welfare initiatives[200].

Financial Performance - Operating revenue for the reporting period was CNY 1,014,000,471.98, reflecting a slight increase of 0.09% year-on-year[7] - Net profit attributable to shareholders was CNY 263,507,459.64, representing a significant increase of 341.22% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,202,732.51, down 50.68% year-on-year[7] - Basic earnings per share for the reporting period were CNY 0.1391, an increase of 379.66% compared to the previous year[7] - The weighted average return on equity was 9.91%, up from 8.80% in the previous year[7] - The company expects a cumulative net profit of CNY 105,000,000 for the year, representing a 134.40% increase compared to a net loss of CNY 305,256.72 in the same period last year[26] - The company reported a net loss of CNY 1,507,586,305.01, an improvement from a loss of CNY 2,579,131,046.52 in the previous year[42] - The company reported a net loss of CNY 1,415,814,383.55 in retained earnings, an improvement from a loss of CNY 2,534,517,997.96 in the previous year[45] - The net profit for the third quarter reached CNY 259.83 million, compared to CNY 58.15 million in the previous year, indicating a significant increase of approximately 346.5%[48] - The total profit for Q3 2020 was CNY 1,080,010,802.13, significantly higher than CNY 160,851,378.26 in Q3 2019, representing an increase of approximately 572.5%[53] Cash Flow - Net cash flow from operating activities was CNY 55,002,176.59, a decrease of 45.43% compared to the previous year[7] - The net cash flow from operating activities decreased by 38.78% to CNY 307,109,238.25, down from CNY 501,641,977.78, primarily due to a reduction in the collection of advance payments[19] - The net cash flow from operating activities for the current period is ¥307,109,238.25, a decrease of 38.7% compared to ¥501,641,977.78 in the previous period[64] - The net cash flow from investing activities is -¥405,413,092.47, worsening from -¥193,866,450.43 in the previous period[65] - The company experienced a net decrease in cash and cash equivalents of -¥16,864,533.91 compared to -¥271,304,052.84 in the previous period[65] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 4,730,607,402.77, a decrease of 3.38% compared to the end of the previous year[7] - The company's current assets totaled CNY 2,409,724,077.86, down from CNY 2,534,047,196.22 in December 2019, reflecting a decline of approximately 4.9%[38] - Total liabilities decreased to CNY 2,450,220,746.58 from CNY 2,713,784,025.70, a reduction of approximately 9.7%[41] - The company's equity attributable to shareholders was CNY 2,284,172,528.28, up from CNY 2,179,679,922.20, reflecting an increase of about 4.8%[42] - Long-term borrowings increased by 184.50% to CNY 711,249,999.00, up from CNY 250,000,000.00, reflecting new loans for construction projects[21] - The company's total liabilities to total assets ratio stands at approximately 43.0%, indicating a stable leverage position[45] Shareholder Information - The company reported a total of 58,261 common shareholders at the end of the reporting period[12] - The largest shareholder, Xiao Fen, holds 39.74% of the shares, amounting to 725,045,372 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[15] Research and Development - Research and development expenses increased by 15.33% to CNY 158,579,762.07, up from CNY 137,496,947.57, due to increased investment in smart speakers and wearables[19] - Research and development expenses rose to CNY 58,231,081.65, compared to CNY 48,349,102.36 in the prior year, marking an increase of about 20.5%[46] - Research and development expenses increased to CNY 158,579,762.07, up from CNY 137,496,947.57 in the previous year, reflecting a rise of approximately 15.3%[53] Market Strategy - The company is focusing on expanding its market presence and enhancing its technological investments, although specific details were not disclosed in the report[34] - The company plans to expand its market presence and enhance its product offerings, focusing on technological advancements and strategic acquisitions[49]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,493,398,740.01, representing a 0.75% increase compared to CNY 1,482,222,043.90 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 797,248,907.24, a significant increase of 962.30% from CNY 75,049,581.60 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 64,884,086.58, up 42.64% from CNY 45,489,545.35 in the same period last year[18]. - The basic and diluted earnings per share were both CNY 0.3921, reflecting a 977.20% increase compared to CNY 0.0364 in the previous year[18]. - The weighted average return on equity was 30.92%, a substantial increase of 29.49% from 1.43% in the same period last year[18]. - The total profit for the first half of 2020 was CNY 808,483,400.06, compared to CNY 85,619,653.62 in the first half of 2019, indicating a growth of approximately 843%[157]. - The company anticipates a net profit increase of over 50% year-on-year for the period from January to September 2020[66]. - The cumulative net profit is projected to be 1,100,000,000 CNY, representing a 716.19% increase compared to the same period last year, which was 134,772,500 CNY[69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,461,435,895.57, an increase of 11.55% from CNY 4,896,046,399.16 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were CNY 3,012,283,489.55, up 38.20% from CNY 2,179,679,922.20 at the end of the previous year[18]. - Total liabilities decreased from CNY 2,713,784,025.70 to CNY 2,448,240,378.87, a reduction of approximately 9.8%[147]. - Current liabilities decreased from CNY 2,368,798,703.70 to CNY 1,568,364,506.08, a decrease of about 33.8%[147]. - Non-current liabilities increased from CNY 344,985,322.00 to CNY 879,875,872.79, an increase of approximately 154.1%[147]. - The company's long-term borrowings increased by 187% to CNY 71,750.00 million, attributed to new loans for construction projects[30]. Cash Flow - The net cash flow from operating activities was CNY 252,107,061.66, a decrease of 37.11% compared to CNY 400,850,572.61 in the same period last year[18]. - Cash flow from financing activities increased significantly by 1,370.70% to CNY 197,070,126.07, attributed to increased financing from banks[40]. - The net increase in cash and cash equivalents was CNY 316,518,239.88, a substantial rise of 318.81% compared to the previous year[40]. - The cash inflow from investment activities was ¥1,121,246,188.64, significantly higher than ¥280,728.76 in the previous year[167]. - The cash outflow for repaying debts was 327,250,000.00 CNY, a substantial increase from 23,985,931.64 CNY, indicating a rise of 1362.5%[169]. Revenue Breakdown - Revenue from smart wearable products surged by 57.67% to CNY 28,951.63 million, benefiting from deep cooperation with key clients[36]. - Revenue from health appliances declined by 6.13% to CNY 28,191.31 million, indicating challenges in that segment[36]. - Revenue from the European region surged by 167.77% to CNY 233,424,074.65, primarily due to increased sales of smart wearables[45]. - Revenue from other businesses grew by 58.05% to CNY 94,142,139.39, mainly due to the increase in TWS headphones and smart locks[45]. - Revenue from mobile smart terminal metal components dropped by 27.60% to CNY 295,050,812.42[42]. Research and Development - The company’s R&D investment rose by 12.56% to CNY 100,348,680.42, reflecting a commitment to innovation[38]. - Research and development expenses rose to CNY 100,348,680.42 in the first half of 2020, compared to CNY 89,147,845.21 in the first half of 2019, marking an increase of about 12.5%[155]. Shareholder Information - The total number of shares decreased by 5,630,100 shares, resulting in a new total of 2,027,764,272 shares, a reduction of approximately 0.28%[114]. - The company’s major shareholders include Xiao Fen with 35.66% ownership, holding 725,045,372 shares[121]. - The company reported a total of 61,703 common stock shareholders at the end of the reporting period[120]. - The company’s major shareholders have undergone changes, with Xiao Fen increasing his restricted shares by 14,596,494 shares[119]. Corporate Governance and Compliance - The financial report for the first half of 2020 was not audited[142]. - The financial statements were approved by the board of directors on July 23, 2020, ensuring compliance with relevant accounting standards[191]. - The company confirms its ability to continue operations for the next twelve months based on the assumption of going concern[192]. - The company has maintained a good integrity status, with no significant debts or unfulfilled court judgments reported during the period[85]. Future Outlook - The company plans to enhance customer collaboration and increase investment in new technologies and products to foster new growth points[66]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[177]. - The company has set a performance guidance for the next quarter, aiming for a revenue growth of approximately 10%[177].

Financial Performance - The company's operating revenue for 2019 was CNY 3,535,639,194.26, representing a year-on-year increase of 5.46% compared to CNY 3,352,434,677.76 in 2018[23] - The net profit attributable to shareholders of the listed company was a loss of CNY 3,052,567,152.70, a significant increase in loss of 292.80% from a loss of CNY 777,133,211.30 in 2018[23] - The basic and diluted earnings per share were both -CNY 1.49, reflecting a decline of 292.11% from -CNY 0.38 in 2018[23] - The weighted average return on net assets was -82.40%, a decline from -13.51% in the previous year[23] - The net profit attributable to shareholders of CNY -305,256,720.00, primarily due to goodwill impairment related to the acquisition of Fuchengda[43] - The company reported a significant decline in the performance of Fuchengda, with actual performance falling short of the forecast by 190.8922 million CNY due to a downturn in the mobile smart terminal metal structure parts industry[128] Cash Flow and Assets - The net cash flow from operating activities was CNY 713,393,020.90, an increase of 22.42% from CNY 582,742,731.75 in the previous year[23] - The total assets at the end of 2019 were CNY 4,896,046,399.16, a decrease of 36.31% from CNY 7,687,123,785.42 at the end of 2018[23] - The net assets attributable to shareholders decreased by 58.32% to CNY 2,179,679,922.20 from CNY 5,229,986,168.10[24] - The company's cash and cash equivalents decreased by 102.64% to -¥6,027,481.15, indicating a significant cash outflow[66] - Total assets include cash of ¥920,190,233.16, which is 18.79% of total assets, and accounts receivable of ¥923,325,128.11, which is 18.86% of total assets[70] Business Operations and Strategy - The company has experienced significant changes in its main business due to acquisitions, including 100% ownership of Opanda Technology and Fuchengda Technology[21] - The company focuses on R&D in consumer electronics, including audio products, smart wearables, and health appliances, aiming to enhance its product offerings[34] - The company has established a strong customer base, including major clients like Huawei, Alibaba, and Philips, which supports its ongoing growth strategy[38] - The company is focusing on enhancing its core business and improving market position amidst stable growth in audio products and rapid growth in smart wearables[44] - The company plans to increase investment in R&D, marketing, and personnel for its subsidiary, focusing on the sports and fitness market to enhance market share[80] Research and Development - The company has 1,108 R&D personnel, accounting for 15.27% of total employees, with R&D investment amounting to ¥18,455,537.00, representing 5.22% of revenue[62] - Research and development expenses were CNY 184,555,370.85, a decrease of 3.74% compared to the previous year[61] - R&D investment decreased by 3.74% compared to the previous year, while the proportion of R&D investment to revenue decreased by 0.50%[64] - Research and development investments increased by 30%, focusing on AI and machine learning technologies[108] Market Trends and Opportunities - In 2019, global smart speaker sales reached 146.9 million units, a year-on-year increase of 70%, while China's smart speaker market saw shipments of 45.89 million units, growing by 109.7%[78] - The wearable device market shipped 336.5 million units globally in 2019, marking an 89.0% year-on-year growth, with China's shipments at 99.24 million units, up 37.1%[79] - The company anticipates a significant market opportunity in the precision structural components industry due to the rapid deployment of 5G networks and the introduction of over 30 5G smartphones[79] Risks and Challenges - The company has highlighted potential risks in its future development outlook, which investors should be aware of[4] - The company expects to face risks from the ongoing COVID-19 pandemic, which may impact its operations and the consumer electronics industry[82] - The company is addressing potential risks in its precision metal structural components business due to a slowdown in the smartphone market and increased competition[82] - The company recognizes the risk of losing core technical personnel and is implementing measures to retain talent and enhance employee satisfaction[82] Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[5] - The company has not proposed any cash dividend distribution plan for the last three years, indicating a focus on long-term development over immediate shareholder returns[90] - The company's net profit attributable to ordinary shareholders for 2019 was negative at RMB -3,052.57 million, resulting in a cash dividend payout ratio of 0%[91] - A cash dividend policy was announced, with plans to distribute 30% of net profits as dividends annually[118] Corporate Governance and Compliance - The company has committed to ensuring the accuracy and completeness of its financial reports, with key personnel affirming the integrity of the annual report[3] - The management team emphasized the importance of independent operations and asset management to uphold corporate governance standards[117] - The company has committed to strict adherence to performance obligations related to the acquisition of Fuchengda, ensuring compliance with profit commitments[97] Miscellaneous - The company was recognized with the "High-tech Brand Award" at the Guangdong Province High-tech Enterprise Kunpeng Awards, reflecting its innovation and market presence[34] - The company has been recognized as a green manufacturing factory and has implemented sixteen circular economy projects, focusing on clean production and environmental protection[166] - The company has not faced any major litigation or arbitration matters that would impact its financial performance during the reporting period[140]

Financial Performance - The company's operating revenue for Q1 2020 was ¥595,642,359.77, a decrease of 12.24% compared to ¥678,726,682.01 in the same period last year[7] - Net profit attributable to shareholders was ¥63,749,534.56, an increase of 31.87% from ¥48,342,946.01 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥52,379,213.96, representing a significant increase of 101.01% compared to ¥26,057,712.92 in the previous year[7] - Basic and diluted earnings per share were both ¥0.0314, reflecting a growth of 34.19% from ¥0.0234 in the previous year[7] - The company reported a net loss of CNY 2,529,381,511.95 in retained earnings, slightly improved from CNY 2,579,131,046.52[33] - The total comprehensive income for Q1 2020 was CNY 61,940,578.93, an increase from CNY 48,258,164.89 in Q1 2019[41] - The total comprehensive income for the first quarter was CNY 28,315,062.53, compared to CNY 27,047,784.15 in the previous year, reflecting an increase of approximately 4.7%[44] Cash Flow - The net cash flow from operating activities was ¥233,765,551.09, up 82.58% from ¥128,037,361.99 in the same period last year[7] - Cash inflow from operating activities totaled CNY 993,704,469.19, down from CNY 1,138,477,018.93, indicating a decrease of about 12.7% year-over-year[46] - The total cash inflow from operating activities was CNY 742,741,642.55, compared to CNY 611,425,915.77 in the previous year, showing an increase of about 21.5%[49] - Cash inflow from investment activities was CNY 492,975,976.74, significantly higher than CNY 158,188,126.03 in the same period last year, marking an increase of about 211.5%[47] - The net cash flow from investment activities was -CNY 106,603,546.14, an improvement from -CNY 302,578,580.18 year-over-year[47] - Cash outflow from financing activities was CNY 461,444,152.91, compared to CNY 146,051,604.18 in the previous year, indicating a substantial increase in cash outflow[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,934,816,429.99, an increase of 0.79% from ¥4,896,046,399.16 at the end of the previous year[7] - Current liabilities totaled CNY 1,917,019,007.08, down from CNY 2,368,798,703.70 year-over-year[32] - Non-current liabilities increased to CNY 726,137,585.84 from CNY 344,985,322.00 in the previous period[32] - Total liabilities amounted to CNY 2,643,156,592.92, compared to CNY 2,713,784,025.70 in the previous year[32] - The company reported a decrease in tax payable by 41.17% from 40,671,309.08 to 23,924,972.90, attributed to lower sales in the previous quarter[19] - The company has a total of CNY 691,261,315.73 in accounts payable and CNY 31,496,797.00 in employee compensation payable[57] Shareholder Information - The net assets attributable to shareholders increased by 5.10% to ¥2,290,791,964.19 from ¥2,179,679,922.20 at the end of the previous year[7] - The company had a total of 83,569 common shareholders at the end of the reporting period[10] - Owner's equity attributable to shareholders reached CNY 2,290,791,964.19, up from CNY 2,179,679,922.20[33] Operational Metrics - Accounts receivable decreased by 30.91% from 923,325,128.11 to 637,880,713.51 due to the collection of payments from the peak sales season in the previous quarter[19] - Prepayments increased significantly by 613.24% from 11,748,191.96 to 83,792,296.98, primarily due to advance payments for equipment and materials[19] - Other current assets rose by 47.23% from 50,841,688.05 to 74,854,648.74, mainly due to the arrival of previously prepaid equipment[19] - Long-term borrowings increased by 120.00% from 250,000,000.00 to 550,000,000.00, indicating a rise in long-term financing[19] - Inventory increased from 492,033,005.42 to 564,514,764.30, indicating a 14.69% rise in stock levels[31] Expenses - Research and development expenses for Q1 2020 were CNY 36,824,813.71, a decrease of 9.9% compared to CNY 40,440,577.24 in Q1 2019[39] - The company's financial expenses decreased significantly to CNY 12,312,194.37 from CNY 25,966,758.01, marking a reduction of 52.6%[39] - The company's sales expenses for Q1 2020 were CNY 15,161,111.38, slightly up from CNY 14,208,540.41 in the previous year[39] - The tax expenses for Q1 2020 were CNY 5,399,563.80, compared to CNY 4,629,047.16 in Q1 2019, indicating an increase of 16.6%[40] - The company's total operating costs for Q1 2020 were CNY 552,801,907.02, down from CNY 661,784,537.68 in the same period last year, a decrease of 16.5%[39] Other Information - Government subsidies recognized in the current period amounted to ¥13,661,938.89[7] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[19] - The company has no new investments or significant acquisitions reported during this quarter[54] - The company has implemented new revenue and lease standards starting in 2020, affecting prior comparative data[61] - The company has not conducted an audit for the first quarter report[61]

Financial Performance - Net profit attributable to shareholders was approximately ¥59.72 million, down 48.71% year-on-year[8]. - Operating revenue for the reporting period was approximately ¥1.01 billion, an increase of 2.79% compared to the same period last year[8]. - Basic earnings per share were ¥0.0290, a decrease of 54.90% compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was approximately ¥55.16 million, down 50.49% year-on-year[8]. - The company reported a net profit of 200 million CNY for 2017, with projected profits of 260 million CNY for 2018 and 350 million CNY for 2019, excluding stock incentive costs[38]. - Net profit for the current period was ¥61,121,727.59, up 10.66% from ¥55,187,604.78 in the previous period[111]. - Net profit for the current period was ¥130,057,673.75, a decrease of 11.5% from ¥146,888,934.57 in the previous period[125]. Revenue and Costs - The company's revenue for the reporting period was ¥2,495,281,956.18, an increase of 3.47% compared to ¥2,411,795,004.99 in the same period last year, primarily due to growth in smart speaker and wearable sales[22]. - Operating costs rose to ¥2,008,479,278.43, up 6.79% from ¥1,880,841,018.97, mainly due to increased revenue and rising labor costs[22]. - Total operating revenue for the current period reached ¥1,013,059,912.28, an increase of 2.5% compared to ¥985,590,271.42 in the previous period[97]. - Total operating costs amounted to ¥941,654,871.96, up 10.2% from ¥854,684,317.45 in the previous period[97]. - Operating costs amounted to ¥1,235,767,958.87, up from ¥1,037,237,549.12, reflecting a growth of 19.1%[122]. Cash Flow - The net cash flow from operating activities was approximately ¥100.79 million, a significant increase of 403.09%[8]. - The net cash flow from operating activities was ¥501,641,977.78, up 20.5% from ¥416,390,084.41, mainly due to reduced payments to suppliers compared to the previous year[22]. - Cash flow from operating activities generated ¥501,641,977.78, an increase from ¥416,390,084.41 in the previous period[130]. - Operating cash inflow for the period reached ¥1,949,263,423.18, an increase from ¥1,593,565,522.83 in the previous period, reflecting a growth of approximately 22.4%[141]. - Net cash flow from operating activities was ¥249,380,374.07, significantly up from ¥11,465,439.26 in the prior period[141]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥7.57 billion, a decrease of 1.52% compared to the end of the previous year[8]. - Total current assets decreased from ¥2,541,454,957.96 to ¥2,351,803,511.76, a decline of approximately 7.5%[80]. - Total non-current assets increased from ¥5,148,369,127.02 to ¥5,221,035,101.43, an increase of about 1.4%[80]. - Total liabilities decreased from ¥2,460,000,752.03 to ¥2,208,880,652.87, a reduction of approximately 10.2%[83]. - Total equity attributable to shareholders increased from ¥5,227,308,824.59 to ¥5,358,780,810.08, an increase of about 2.5%[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,761[12]. - The largest shareholder, Xiao Fen, holds 36.51% of the shares, totaling approximately 751.54 million shares[12]. - The company repurchased 24,934,108 shares, accounting for 1.2114% of the total share capital, with a total transaction amount of ¥99,991,644.89[26]. Research and Development - Research and development expenses increased to ¥137,496,947.57, a rise of 11.06% from ¥123,087,781.73, reflecting higher investment in smart speaker and wearable technology[22]. - Research and development expenses for the current period were ¥48,349,102.36, an increase from ¥38,265,224.48 in the previous period[97]. - Research and development expenses totaled ¥52,377,544.76, a decrease of 6.5% compared to ¥56,238,864.70 in the previous period[125]. Compliance and Governance - The company committed to fully bear any tax liabilities arising from tax incentives not being fulfilled, ensuring compliance with tax obligations prior to the transaction[38]. - The company has pledged to respect the independent operation of the listed company and will not engage in related party transactions that could harm the interests of the listed company and its shareholders[49]. - The company has maintained compliance with its commitments regarding social insurance payments and tax obligations[65]. - The company has not reported any violations regarding external guarantees during the reporting period[69]. Investment Activities - Cash outflow from investment activities totaled ¥1,227,494,566.70, compared to ¥2,032,746,358.26 in the previous period, indicating a reduction of about 39.5%[141]. - The company reported a total investment cash outflow of ¥1,166,500,000.00 related to other investment activities, down from ¥1,875,000,000.00 previously[141]. - The company received ¥1,171,392,130.19 from investment activities, a decrease from ¥1,791,652,625.11 in the previous period, indicating a decline of approximately 34.6%[141].