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]

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]