Financial Performance - The company's operating revenue for Q3 2022 was ¥821,502,115.69, a decrease of 33.72% year-on-year, and a total revenue of ¥2,396,167,201.96 for the year-to-date, down 19.47% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥68,295,963.40, an increase of 352.13% year-on-year, with a year-to-date net profit of ¥138,071,970.11, up 194.04% compared to the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.0375, reflecting a 353.18% increase year-on-year, while the diluted earnings per share also stood at ¥0.0375[5]. - The net profit margin for Q3 2022 improved significantly, with a net profit of ¥127,866,357.99, representing a 169.28% increase year-on-year[12]. - The net profit attributable to the parent company shareholders was ¥138,071,970.11, compared to a net loss of ¥146,814,806.93 in the previous period[30]. - The total profit amounted to ¥148,096,583.23, while the previous period recorded a total loss of ¥241,890,340.42[30]. - Operating profit for the current period was ¥140,588,434.94, contrasting with an operating loss of ¥249,127,480.60 in the prior period[30]. - The total comprehensive income attributable to the parent company was ¥138,071,970.11, while the previous period recorded a total comprehensive loss of ¥146,814,806.93[30]. - The basic and diluted earnings per share were both ¥0.0757, compared to a loss per share of ¥0.0805 in the previous period[30]. Assets and Liabilities - The company's total assets as of the end of Q3 2022 were ¥3,977,790,728.22, a decrease of 18.93% from the end of the previous year[5]. - Total assets decreased to CNY 3,977,790,728.22 from CNY 4,906,666,247.52, reflecting a decline of 19%[27]. - Total liabilities decreased to CNY 1,631,665,275.81 from CNY 2,667,710,455.53, a reduction of 38.9%[27]. - The company's equity attributable to shareholders increased to CNY 2,384,760,269.15 from CNY 2,267,384,996.61, an increase of 5.2%[27]. - The company's cash and cash equivalents decreased from RMB 868,577,273.06 at the beginning of the year to RMB 412,377,766.76 by September 30, 2022, a decline of approximately 52.6%[21]. - Cash and cash equivalents at the end of the period were ¥270,724,748.80, down from ¥566,373,976.77 at the end of the previous period[37]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥164,177,917.98, showing a significant increase of 592.86% compared to the same period last year[5]. - Cash flow from operating activities generated a net inflow of ¥164,177,917.98, compared to a net outflow of ¥33,311,323.50 in the previous year[35]. - Cash flow from investing activities resulted in a net outflow of ¥230,928,565.86, which was an improvement from a net outflow of ¥274,852,710.75 in the prior period[35]. - Cash flow from financing activities showed a net outflow of ¥420,182,075.51, compared to a net outflow of ¥103,286,929.91 in the previous year[37]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 55,934[13]. - The largest shareholder, Xiao Fen, holds 29.37% of shares, totaling 535,927,372 shares, with 401,452,733 shares pledged[13]. - The company repurchased 5,481,600 shares, accounting for 0.30% of the total share capital, with a total payment of RMB 19,996,083.00[20]. - The company plans to extend the share repurchase period by an additional 6 months[20]. Expenses and Cost Management - The company's management expenses decreased by 33.02% year-on-year to ¥124,293,891.20, reflecting cost-cutting measures[12]. - Total operating costs amounted to CNY 2,300,574,678.85, down 29.7% from CNY 3,272,237,082.32 year-over-year[28]. - Research and development expenses were CNY 176,246,411.45, a reduction of 21.3% compared to CNY 224,007,196.76 in the previous year[28]. Other Financial Metrics - The weighted average return on equity for Q3 2022 was 2.86%, a decrease of 4.14% year-on-year, while the year-to-date return on equity was 5.91%, down 12.64% compared to the previous year[5]. - The company experienced a 473.73% increase in credit impairment losses, amounting to ¥11,105,408.49, compared to a loss in the previous year[12]. - The company reported a significant increase in prepayments, which rose by 621.17% year-on-year to ¥45,224,688.24, indicating increased investment in new projects[8]. - Accounts receivable decreased from RMB 792,711,698.68 to RMB 505,382,380.01, a reduction of about 36.3%[21]. - Inventory decreased from RMB 418,675,027.78 to RMB 357,716,942.94, a decline of approximately 14.5%[21]. Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[29]. - The company has not disclosed any new product or technology developments in this report[19].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.57 billion, a decrease of 9.29% compared to the same period last year[25]. - The net profit attributable to shareholders was approximately ¥69.78 million, a significant increase of 158.28% compared to a net loss of ¥119.73 million in the previous year[25]. - The net cash flow from operating activities reached approximately ¥142.65 million, a remarkable increase of 4,813.45% compared to a negative cash flow in the previous year[25]. - Basic earnings per share improved to ¥0.0382, up 158.23% from a loss of ¥0.0656 per share in the same period last year[25]. - Total assets decreased by 14.61% to approximately ¥4.19 billion compared to the end of the previous year[25]. - The net assets attributable to shareholders increased by 2.17% to approximately ¥2.32 billion compared to the end of the previous year[25]. - The weighted average return on equity was 3.03%, an increase of 8.48 percentage points compared to the previous year[25]. - The company reported a profit structure with no significant changes in profit sources during the reporting period[54]. - The company reported a net loss of CNY 1,398,423,031.71 as of June 30, 2022, compared to a loss of CNY 1,468,199,038.42 at the beginning of the year, indicating a slight improvement[172]. - The total non-current assets amounted to CNY 2,391,875,215.23, a decrease from CNY 2,430,114,451.10, reflecting a decline of about 1.6%[170]. Revenue Segmentation - The audio products segment generated sales revenue of CNY 64,542.87 million, a year-on-year growth of 13.52%, with a gross margin of 15.01%, up 3.12 percentage points[50]. - The health appliance segment reported sales revenue of CNY 48,587.81 million, a year-on-year increase of 24.17%, with a gross margin of 17.59%, up 2.74 percentage points[51]. - The smart wearable segment saw sales revenue of CNY 25,772.95 million, a year-on-year decline of 19.99%, but the gross margin improved by 22.25 percentage points to 12.07%[51]. - The revenue from the audio products segment was ¥645,428,710.33, accounting for 40.99% of total revenue, with a year-on-year increase of 13.52%[57]. - The health appliance segment generated ¥485,878,073.97, representing 30.86% of total revenue, with a year-on-year growth of 24.17%[57]. - The smart wearable segment saw a decline in revenue to ¥257,729,464.60, down 19.99% from the previous year[57]. Research and Development - R&D investment in the first half of 2022 was CNY 12,288.70 million, accounting for 7.80% of operating revenue[45]. - Research and development expenses were ¥122,887,009.99, down 19.33% from ¥152,332,720.12 in the previous year[54]. - Research and development expenses for the first half of 2022 were CNY 66.98 million, a decrease of 8.5% from CNY 73.42 million in the first half of 2021[186]. - The company emphasizes the importance of continuous R&D investment to keep pace with rapid technological advancements in the consumer electronics industry[82]. - The company has a total of 801 patents and software copyrights, including 38 invention patents, 378 utility model patents, and 247 design patents, establishing a technological barrier[45]. Market and Industry Trends - The global smartphone shipment volume decreased by 9.75% year-on-year in the first half of 2022, totaling 598.6 million units[36]. - The Chinese smart home device market is expected to reach a shipment volume of approximately 540 million units by 2025, with a compound annual growth rate of 21.4%[36]. - The Chinese smart speaker market saw a year-on-year decline of 27.1% in the first half of 2022, with sales of 14.83 million units[37]. - The smart lock market in China is projected to reach a scale of 17.5 million units in 2022, with a current penetration rate of about 20%[38]. - The health appliance sector is expected to benefit from rising consumer income levels and increased focus on quality of life, presenting new growth opportunities[38]. Operational Changes and Strategies - The company plans not to distribute cash dividends or issue bonus shares[6]. - Future outlook and strategies for market expansion and new product development were discussed, although specific details were not provided in the extracted content[5]. - The company plans to enhance market development efforts and increase investment in new technologies and products to foster growth amid challenging international trade conditions[80]. - The company aims to enhance its smart wearable product line by increasing R&D investment in smart watches and health monitoring devices, targeting emerging markets[53]. - The company plans to relocate its health appliance production line from Shenzhen to Dongguan to optimize resource allocation, with nearly half of the employees already arranged for the move[51]. Financial Position and Cash Flow - The company's cash and cash equivalents decreased by 31.72% to ¥546,974,948.64, primarily due to increased payments to suppliers and repayment of long-term loans[63]. - The company reported a significant decrease in short-term borrowings, which increased to ¥300,409,230.70, reflecting a rise of 1.67% compared to the previous year[63]. - The total cash inflow from operating activities was CNY 2.09 billion, while the total cash outflow was CNY 1.95 billion, resulting in a net cash inflow[193]. - The net cash flow from financing activities was -200,629,631.62, compared to -106,953,528.84 in the previous period, indicating a significant increase in cash outflow[198]. - The net increase in cash and cash equivalents was -295,171,062.70, compared to -356,936,919.83 in the previous period, showing a slight improvement in cash management[198]. Risks and Challenges - The company has outlined potential risks and corresponding measures in its management discussion section[5]. - The company faces risks from macroeconomic factors, including the ongoing COVID-19 pandemic and geopolitical tensions, which may impact operational performance[80]. - The company is exposed to foreign exchange risks due to its export-oriented business, with strategies in place to mitigate potential losses from currency fluctuations[81]. - Management risks are acknowledged as the company expands, with plans to optimize management systems and enhance internal controls to support growth[82]. - Raw material supply tightness and price increases have affected production costs, although some relief was noted in the first half of 2022[81]. Shareholder Information - The annual shareholders meeting had a participation rate of 34.13% on May 20, 2022, where several proposals including the 2021 annual report and profit distribution plan were approved[85]. - The company has no plans for stock incentive programs or employee stock ownership plans during the reporting period[91]. - The total number of ordinary shareholders at the end of the reporting period is 59,235[144]. - Shareholder Xiao Fen holds 29.37% of the shares, totaling 535,927,372 ordinary shares, with a decrease of 24,318,000 shares during the reporting period[147]. - The company has not experienced any changes in its controlling shareholder during the reporting period[154].

Financial Performance - The company's operating revenue for 2021 was ¥4,167,849,621.20, representing a 17.81% increase compared to ¥3,537,728,683.41 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥51,369,177.31, a significant decrease of 95.18% from ¥1,065,485,182.39 in 2020[25]. - The net profit after deducting non-recurring gains and losses was ¥26,666,013.04, down 83.66% from ¥163,186,747.10 in 2020[25]. - The net cash flow from operating activities was ¥85,448,000.15, a decline of 82.15% compared to ¥478,701,182.21 in 2020[25]. - The basic earnings per share for 2021 was ¥0.03, a decrease of 94.55% from ¥0.55 in 2020[25]. - Total assets at the end of 2021 were ¥4,906,666,247.52, down 5.34% from ¥5,183,708,377.19 at the end of 2020[26]. - The net assets attributable to shareholders at the end of 2021 were ¥2,267,384,996.61, an increase of 0.51% from ¥2,255,812,718.68 at the end of 2020[26]. - The company achieved a revenue of CNY 416,784.96 million in 2021, representing a year-on-year growth of 17.81%[53]. - The company’s net profit attributable to shareholders was CNY 5,136.92 million, with a net profit excluding non-recurring items of CNY 2,666.60 million[55]. Business Operations - The company transferred 100% equity of Shenzhen Fuchengda Technology Co., Ltd. in 2021, resulting in a reduction of its main business in mobile smart terminal metal structural parts[23]. - The company’s main business has shifted due to the transfer of equity in 2020 and 2021, affecting its operations in mobile intelligent terminal components[23]. - The company has established a strong customer base, including major clients like Alibaba, Huawei, and Walmart, contributing to stable revenue and profit sources[47]. - The company has successfully exited the metal structure component sector by divesting its 100% stake in Fuchengda[46]. - The company has added two wholly-owned subsidiaries to its consolidation scope and disposed of one subsidiary during the reporting period[74]. Research and Development - The company’s R&D investment in 2021 was 305.83 million yuan, accounting for 7.34% of revenue, with a compound annual growth rate of 25.3% over the past five years[48]. - The company has developed a comprehensive R&D team with over 1,100 personnel, holding a total of 646 patents and software copyrights as of 2021[48]. - The company has filed for 208 patents and software copyrights, with a focus on emerging technologies such as AI, smart home, and IoT[58]. - Research and development expenses increased by 44.07% to ¥305,833,039.23, primarily due to investments in new products such as smart wearable devices and health appliances[79]. - The company is developing a smart wearable device for blood pressure monitoring, aiming for industry-leading accuracy and expanding its product line in the healthcare sector[83]. Market Trends - The consumer electronics industry is transitioning towards new technologies, with the smart home device market in China seeing a shipment volume of over 220 million units in 2021, a year-on-year growth of 9.2%[40]. - The smart wearable market is transitioning from wristbands to smartwatches, with wristband shipments declining by 26.3% to 19.1 million units, while smartwatch shipments grew by 21.4% to 39.56 million units in 2021[41]. - The smart lock market in China reached 16.95 million units in 2021, with a penetration rate of approximately 20%, indicating substantial growth potential[41]. - The wearable device market in China is expected to exceed 160 million units shipped in 2022, representing an 18.5% year-over-year growth[120]. - The smart lock industry is projected to reach a market size of 58.5 billion yuan by 2025, indicating significant growth potential due to increasing consumer acceptance among younger demographics[124]. Governance and Management - The company has not changed its controlling shareholder since its listing[23]. - The company maintains an independent financial accounting system, with separate bank accounts for the company and its subsidiaries[135]. - The company has a complete and independent human resources structure, with no interference from the controlling shareholder in personnel decisions[135]. - The company has established a governance structure that complies with relevant regulations, ensuring no significant discrepancies with regulatory requirements[134]. - The company has not experienced any significant changes in its governance structure or management personnel during the reporting period[143]. Financial Strategy - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[5]. - The company initiated a share repurchase plan with a budget of RMB 10 million to RMB 20 million, aimed at enhancing investor confidence and supporting long-term development[59]. - The company plans to implement an equity incentive plan to motivate core personnel and attract high-end talent for quality development[59]. - The company’s financial strategy includes a commitment to maintaining transparency and accountability in its management practices, as evidenced by the detailed reporting of executive changes[146]. - The company plans to optimize its supply chain by enhancing strategic partnerships with core raw material suppliers to ensure timely product delivery and reduce procurement costs[127]. Risks and Challenges - The company faces risks from macroeconomic factors, including the ongoing COVID-19 pandemic and geopolitical tensions, which could impact market expansion and customer orders[129]. - The company is addressing the risk of raw material shortages and price increases by implementing refined production management and improving raw material utilization efficiency[129]. - Major defects identified include lack of democratic decision-making processes and significant losses due to unscientific decision-making[192]. - Important defects may lead to significant losses, with a threshold of direct or indirect property loss amounting to RMB 50 million[194]. Employee and Labor Management - The total hours of outsourced labor amounted to 5,140,685.6 hours, with total payments for outsourced labor reaching CNY 121,341,216.30[187]. - The company has a total of 83 retired employees who require financial support from the parent company and major subsidiaries[182]. - The company’s employee training programs focus on various areas, including core technology and quality management, to enhance employee skills and career development[185]. - The company reported a total of 7,357 employees at the end of the reporting period, with 5,480 in production, 250 in sales, 1,105 in technology, 39 in finance, 155 in administration, and 328 in management[179].

Financial Performance - The company's operating revenue for Q1 2022 was ¥687,916,122.49, a decrease of 17.09% compared to ¥829,717,791.05 in the same period last year[2] - The net profit attributable to shareholders was ¥21,536,121.97, down 42.45% from ¥37,419,403.89 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥9,010,068.48, a decline of 67.67% compared to ¥27,868,492.60 in the previous year[2] - Net profit for Q1 2022 was CNY 18,236,686.77, a decline of 49.2% compared to CNY 35,869,007.04 in Q1 2021[24] - Total operating revenue for Q1 2022 was CNY 687,916,122.49, a decrease of 17.1% compared to CNY 829,717,791.05 in the previous year[23] - Total operating costs for Q1 2022 were CNY 698,190,576.91, down 13.9% from CNY 811,430,278.35 in the same period last year[23] - Total comprehensive income attributable to the parent company's owners was 21,536,121.97, down from 37,419,403.89 in the previous period[27] - Basic and diluted earnings per share were both 0.0118, compared to 0.0205 in the previous period[27] Cash Flow and Liquidity - The net cash flow from operating activities was ¥85,480,402.35, representing a decrease of 22.47% from ¥110,260,563.28 in the same period last year[2] - Cash flow from operating activities was 1,295,836,382.25, an increase from 1,267,821,556.99 in the previous period[29] - Net cash flow from operating activities decreased to 85,480,402.35 from 110,260,563.28 in the previous period[29] - Net cash flow from investing activities was -426,160,966.86, worsening from -361,423,158.63 in the previous period[30] - Cash flow from financing activities showed a net increase of 8,856,853.94, compared to a net decrease of -111,652,036.52 in the previous period[30] - The ending balance of cash and cash equivalents was 425,727,069.24, down from 611,658,154.79 in the previous period[30] - The company received cash from borrowings amounting to 80,000,000.00, down from 90,000,000.00 in the previous period[30] - Cash paid for operating activities totaled 1,210,355,979.90, an increase from 1,157,560,993.71 in the previous period[29] - The company reported a decrease in cash received from tax refunds to 75,949,064.11 from 124,388,131.54 in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,386,500,212.98, down 10.60% from ¥4,906,666,247.52 at the end of the previous year[2] - The total assets as of Q1 2022 were CNY 4,386,500,212.98, down from CNY 4,906,666,247.52 in the previous year[20] - Total liabilities for Q1 2022 were CNY 2,144,451,136.46, a decrease of 19.6% from CNY 2,667,710,455.53 in the previous year[20] - The company’s total current assets decreased to approximately RMB 1.99 billion from RMB 2.48 billion, a decline of about 19.7%[17] - Accounts receivable decreased to RMB 515.29 million from RMB 792.71 million, a reduction of approximately 34.9%[17] - The company’s cash and cash equivalents decreased to approximately RMB 532.38 million from RMB 868.58 million at the beginning of the year, a decline of about 38.7%[17] - The company reported a decrease in accounts payable to CNY 743,423,676.86 from CNY 1,197,782,432.79 in the previous year, indicating improved cash flow management[20] Expenses and Investments - The company reported a significant reduction in management expenses by 35.50%, from ¥50,163,106.73 to ¥32,354,088.78, primarily due to pandemic-related shutdowns[6] - Research and development expenses for Q1 2022 amounted to CNY 59,269,520.37, a decrease of 13.0% from CNY 67,776,241.45 in the previous year[23] - The company’s investment income dropped by 69.65% to ¥497,156.41, down from ¥1,638,053.42, primarily due to reduced bank wealth management returns[6] - The company’s long-term equity investments increased to RMB 2.57 million from RMB 2.06 million, an increase of about 24.5%[17] - The company’s investment properties increased to RMB 681.92 million from RMB 595.67 million, an increase of approximately 14.5%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period was 56,611[10] - The largest shareholder, Changsha Xinting Zhishan Technology Investment Partnership, holds 29.37% of shares, totaling 535,927,372 shares[10] - The company has repurchased 3,809,400 shares, accounting for 0.21% of the total share capital, with a total payment of approximately RMB 14.99 million[15] Project and Future Plans - The company plans to strengthen communication with Maidao Technology to expedite the progress of the project related to the sale of its wholly-owned subsidiary for RMB 502 million[15]

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]