证券简称：好利科技 证券代码：002729 好利来(中国)电子科技股份有限公司 2023 年 5 月 12 日投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------------|----------------------| | | | 编号：2023-002 | | 投资者关系活动 | □特定对象调研 | | | 类别 | □ 媒体采访 | | | | □ 新闻发布会 | | | | □ 现场参观 | | | | 其他 | | | 参与单位名称及 | 参加公司 2022 | 年厦门辖区上市公司 | | 人员姓名 | 投资者网上集体接待日活动的投资者 | | | 时间 | 2023 年 5 月 12 | | | 地点 | | https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | | 上市公司接待人 | 董事长陈修 | | | 员姓名 | 董事会秘书兼副总经理刘昊德 | | | | 财务总监张东杰 | | | | 独立董事蔡黛燕 | | | | | | | | | | | ...

证券简称：好利科技 证券代码：002729 好利来（中国）电子科技股份有限公司 2023 年 5 月 11 日投资者关系活动记录表 | --- | --- | --- | --- | |--------------|--------------------------------------|--------|----------| | | | 编号： | 2023-001 | | | 特定对象调研 □分析师会议 | | | | | □媒体采访 □业绩说明会 | | | | 投资者关系 | | | | | | □新闻发布会 | | | | 活动类别 | | | | | | □现场参观 □机构策略会 | | | | | □其他（请文字说明其他活动内容） | | | | | 1.中金银海（香港）基金有限公司：雍兴 | | | | | 2.华教联创：马莺 | | | | | 3.东方财富证券：何宁 | | | | | 4.贝乐昇投资：戴金阳 | | | | | 5.中明资本：余中明 | | | | 参与单位名称 | | | | | | 6.长江证券：潘伟财 | | | | 及人员姓名 | | | | | | 7.杭 ...

Financial Performance - The company's operating revenue for 2022 was ¥253,009,434.57, representing a 13.67% increase compared to ¥222,588,256.53 in 2021[23] - The net profit attributable to shareholders for 2022 was ¥30,402,165.80, a 25.93% increase from ¥24,141,744.96 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,483,345.46, up 4.11% from ¥22,556,662.12 in 2021[23] - The basic earnings per share for 2022 was ¥0.17, an increase of 30.77% from ¥0.13 in 2021[23] - The weighted average return on net assets for 2022 was 6.67%, up from 5.66% in 2021[23] - Total assets increased by 12.59% to CNY 585,450,283.60 compared to the previous year[24] - Net assets attributable to shareholders rose by 6.39% to CNY 470,111,041.70[24] - Revenue from power fuses and accessories amounted to 104.62 million yuan, representing a significant year-on-year growth of 125.05%[70] - The company's revenue from the new energy sector, including solar and wind energy, accounted for 41% of total revenue, indicating a strong performance in this area[72] - The revenue from circuit protection components accounted for 91.13% of total revenue, amounting to ¥230,566,401.61, with a year-on-year growth of 10.66%[84] Cash Flow and Investments - The net cash flow from operating activities for 2022 was -¥4,567,740.11, a decrease of 123.01% compared to ¥19,854,045.38 in 2021[23] - The company reported a net cash flow from operating activities of -CNY 9,568,952.78 in Q4 2022, indicating cash flow challenges[27] - The total cash and cash equivalents decreased by 27.96%, from -¥25,137,990.49 in 2021 to -¥32,166,734.98 in 2022[100] - The net cash flow from financing activities increased by 50.53%, from ¥11,712,975.14 in 2021 to ¥17,631,111.31 in 2022, mainly due to increased bank borrowings[101] - The company reported a significant decline in investment income, with a loss of ¥884,053.19, accounting for -2.67% of total profit[104] Research and Development - The company has developed multiple new specialized fuses in response to international standards for battery protection during the reporting period[36] - The company holds 59 patents, with 15 new patents acquired during the reporting period, enhancing its R&D capabilities in circuit protection components[37] - The company increased its R&D investment to CNY 20.04 million, a year-on-year growth of 100.45%, and completed the development of 48 specifications across 11 series of power products[63] - The number of R&D personnel increased by 17.81%, from 73 in 2021 to 86 in 2022, with R&D personnel now making up 15.75% of the total workforce[98] - The company aims to expand its product application areas through innovative R&D efforts, enhancing its core competitiveness in the market[97] Market Expansion and Strategy - The company is actively expanding into emerging markets such as wind power, photovoltaic, and new energy vehicles, aligning with green development goals[36] - The company plans to expand its market share by leveraging existing customer resources and exploring new markets and fields[54] - The company has established strategic partnerships with professional distributors to enhance market penetration in regions like the US and Europe[58] - The company is exploring opportunities in international markets to diversify its revenue streams and reduce dependency on domestic sales[115] - The company is focusing on developing a comprehensive circuit protection solution based on RISC-V architecture to enhance product reliability and competitiveness[129] Corporate Governance and Management - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making processes and protecting minority shareholder rights[146] - The company has established a complete internal audit system, with an independent auditing body reporting to the board's audit committee[152] - The board consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[147] - The company has implemented a capital reserve increase plan, resulting in a change in shareholding for some directors[161] - The company emphasizes social responsibility and actively collaborates with stakeholders to balance interests[149] Sustainability and Innovation - The company aims to achieve a non-fossil energy consumption ratio of approximately 20% by 2025 and 25% by 2030, aligning with national energy reform strategies[128] - The management team emphasized a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2025[171] - The company is committed to digital transformation, aiming to integrate data into daily operations and improve decision-making processes[134] - The company is focusing on innovation in high-end markets, actively exploring new product development in sectors like renewable energy and 5G technology[64] Employee Management and Development - The company implemented a salary management system that includes basic salary, position subsidies, performance bonuses, and annual assessments to enhance employee motivation[186] - The company conducted various training programs, including new employee orientation and professional skills training, to improve employee capabilities[187] - The total number of employees at the end of the reporting period was 546, with 72 in the parent company and 474 in major subsidiaries[185] - The company has a total of 7 employees with a master's degree, 97 with a bachelor's degree, and 79 with a college diploma[185] Future Outlook - The company has outlined a future outlook with a projected revenue growth of 10% for the upcoming fiscal year, driven by increased demand for its electronic products[115] - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming for 1.875 billion RMB[171] - The company plans to invest 100 million RMB in new technology development over the next two years to improve product efficiency[180] - The company aims to enhance its technological capabilities through ongoing research and development initiatives[168]

证券代码：002729 证券简称：好利科技 公告编号：2023-039 好利科技 为进一步加强与投资者的互动交流，好利来（中国）电子科技股份有限公司 （以下简称"公司"）拟于2023年5月12日举行2022年年度业绩说明会暨参加由 厦门证监局、厦门上市公司协会与深圳市全景网络有限公司联合举办的"2023 年厦门辖区上市公司投资者网上集体接待日活动"。现将相关事项公告如下： 一、本次活动相关安排 1. 召开时间：2023年5月12日（星期五）下午14:30-16:15 2. 召开方式：本次活动将采用网络远程的方式举行，投资者可登录"全景 路演"网站（http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路 演APP，参与本次互动交流。 3. 公司拟出席人员：公司董事长陈修先生、董事会秘书兼副总经理刘昊德 先生、财务总监张东杰先生、独立董事蔡黛燕女士。 好利来（中国）电子科技股份有限公司 关于举行 2022 年年度业绩说明会暨参加 2023 年厦门辖区 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 如 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥60,949,838.72, a decrease of 4.40% compared to ¥63,753,930.93 in the same period last year[5] - Net profit attributable to shareholders was ¥5,392,036.38, down 22.20% from ¥6,930,629.24 year-on-year[5] - Basic earnings per share decreased by 25.00% to ¥0.03 from ¥0.04 in the previous year[5] - The weighted average return on equity decreased to 1.14% from 1.56% year-on-year[5] - Net profit for Q1 2023 was CNY 5,360,686.53, down 22.7% from CNY 6,930,629.24 in the same period last year[31] - Other comprehensive income after tax was CNY -205,329.03, compared to CNY -113,028.33 in the prior year, reflecting a decline of 81.6%[31] Cash Flow - The net cash flow from operating activities was -¥21,697,702.27, representing a decline of 206.62% compared to -¥7,076,524.77 in Q1 2022[5] - The company reported a cash flow from operating activities of CNY 0.00 for the period, unchanged from the previous year[32] - Net cash outflow from operating activities was $21,697,702.27, worsening from a net outflow of $7,076,524.77 in the previous period[33] - Net cash inflow from investment activities was $30,446,543.46, a significant improvement from a net outflow of $3,029,515.00 in the previous period[34] - Cash inflow from financing activities totaled $29,478,910.00, up from $7,250,000.00 in the previous period, indicating a growth of approximately 305%[34] - The net increase in cash and cash equivalents was $24,694,646.83, contrasting with a decrease of $3,296,228.99 in the previous period[34] - The ending balance of cash and cash equivalents was $100,267,955.62, slightly down from $104,443,814.78 in the previous period[34] Assets and Liabilities - Total assets increased by 8.38% to ¥634,512,978.26 from ¥585,450,283.60 at the end of the previous year[5] - The total assets of the company as of March 31, 2023, amounted to RMB 327,211,988.68, compared to RMB 278,941,729.95 at the beginning of the year, reflecting a growth of approximately 17%[26] - Total liabilities rose to CNY 158,330,449.08, up from CNY 114,438,400.01, indicating an increase of 38.3%[30] - The total equity attributable to shareholders increased to CNY 475,297,749.05 from CNY 470,111,041.70, a growth of 1.4%[30] Investment and Financing Activities - Research and development expenses rose by 43.23% to ¥3,214,194.35, reflecting increased investment in R&D[11] - The company received government subsidies amounting to ¥906,814.68, an increase of 196.18% compared to ¥306,169.95 in the previous year[11] - Long-term borrowings increased by 131.32% to ¥33,473,907.01, primarily due to new bank loans[10] - The company plans to acquire a 54.4842% stake in Shanghai Jiaxing Automotive Service Co., Ltd. through a combination of issuing shares and cash payments[16] - The company intends to raise supporting funds by issuing shares to no more than 35 qualified investors as part of the acquisition plan[16] - The company plans to increase its wholly-owned subsidiary, Haoli Zhixing (Xiamen) Technology Co., Ltd., capital by RMB 60 million, raising its registered capital to RMB 80 million[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,120[14] - The largest shareholder, Xusheng Asia Investment Co., Ltd., holds 24.52% of shares, amounting to 44,864,400 shares, with 27,243,734 shares pledged[14] - The top ten shareholders include Tang Qiqing and Xusheng Asia Investment Co., Ltd., who are considered acting in concert, with Tang indirectly holding 100% of Xusheng Asia[15] - The shareholder Sun Jianbo holds a total of 9,919,755 shares, with 766,555 shares held through a margin trading account[15] Regulatory and Compliance - The company is actively pursuing necessary internal decision-making processes and regulatory approvals for the proposed transactions[17] - The company has disclosed progress on the acquisition and capital raising plans in multiple announcements throughout late 2022 and early 2023[17] - The company’s first quarter report was not audited, indicating a need for caution in interpreting the financial data[35]

Financial Performance - The company's operating revenue for 2022 was ¥253,009,434.57, representing a 13.67% increase compared to ¥222,588,256.53 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥30,402,165.80, a 25.93% increase from ¥24,141,744.96 in 2021[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,483,345.46, up 4.11% from ¥22,556,662.12 in 2021[23]. - The basic earnings per share for 2022 was ¥0.17, an increase of 30.77% from ¥0.13 in 2021[23]. - The weighted average return on net assets for 2022 was 6.67%, up from 5.66% in 2021[23]. - The net cash flow from operating activities for 2022 was -¥4,567,740.11, a decrease of 123.01% compared to ¥19,854,045.38 in 2021[23]. - Total assets increased by 12.59% to CNY 585,450,283.60 compared to the previous year[24]. - Net assets attributable to shareholders rose by 6.39% to CNY 470,111,041.70[24]. - Quarterly revenue for Q4 2022 reached CNY 72,926,567.37, marking an increase from Q3 2022[27]. - Net profit attributable to shareholders for Q4 2022 was CNY 8,975,779.23, showing a recovery from Q3 2022[27]. - The company reported a net cash flow from operating activities of -CNY 9,568,952.78 in Q4 2022, indicating cash flow challenges[27]. Market Position and Strategy - The company has established strong partnerships with leading manufacturers in the photovoltaic and energy storage sectors, enhancing its market position[36]. - The company is actively expanding into emerging markets such as wind power, photovoltaic, and new energy vehicles, aligning with green development goals[36]. - The company aims to become a global leader in circuit safety protection solutions, focusing on high-end markets for fuses and circuit protection components[53]. - The company plans to expand its market share by leveraging existing customer resources and exploring new markets and fields[54]. - The company has established strategic partnerships with professional distributors to enhance market penetration in regions like the US and Europe[58]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to strengthen its competitive position in the semiconductor industry[115]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[168]. Research and Development - The company holds 59 patents, with 15 new patents acquired during the reporting period, enhancing its R&D capabilities in circuit protection components[37]. - The company increased its R&D investment to CNY 20.04 million, a year-on-year growth of 100.45%, and completed the development of 48 specifications across 11 series of power products[63]. - The company has developed multiple new specialized fuses in response to international standards for battery protection during the reporting period[36]. - The company is committed to enhancing its research and development capabilities, with a focus on innovative semiconductor solutions to capture market opportunities[115]. - The company aims to innovate and expand its product application areas through ongoing R&D efforts in various sectors, including renewable energy[97]. Operational Efficiency and Digital Transformation - The company has implemented a digital transformation strategy to enhance operational efficiency, integrating digital processes from order entry to production delivery[65]. - The company is committed to cost reduction and efficiency improvement by developing automated production lines and innovating in product and technology[136]. - The company is accelerating its digital transformation and upgrading its smart factory capabilities to drive high-quality development[134]. - The company has completed the deployment of automated production lines, enhancing production capacity and product quality consistency[71]. Corporate Governance and Shareholder Relations - The company has established effective communication channels with shareholders to ensure equal treatment and protect minority shareholder rights[145]. - The governance structure of the company is compliant with regulatory requirements, enhancing operational efficiency and risk management[144]. - The company maintains independence from its controlling shareholder, ensuring no direct or indirect interference in decision-making processes[146]. - The company has established a board of directors consisting of 7 members, including 3 independent directors, ensuring compliance with legal requirements[147]. - The company emphasizes social responsibility and actively collaborates with stakeholders to balance interests and promote development[149]. Future Outlook - The company has outlined a future outlook with a projected revenue growth of 10% for the upcoming fiscal year, driven by increased demand for its electronic products[115]. - The company anticipates a recovery in revenue growth in 2023, targeting a revenue increase of approximately 10%[168]. - The company plans to enhance its electronic business while rapidly expanding its power-related business, focusing on new energy vehicles and circuit safety solutions[131]. - The company aims to achieve a non-fossil energy consumption ratio of approximately 20% by 2025 and 25% by 2030, aligning with national energy reform strategies[128]. Employee Management and Development - The company has established a comprehensive talent training system, focusing on high-quality talent recruitment and development to support sustainable growth[80]. - The company conducted various training programs, including new employee orientation and professional skills training, to enhance employee capabilities[187]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.6173 million[175]. - The company implemented a salary management system that includes basic salary, position subsidies, performance bonuses, and other components[186]. Risk Management - The company has outlined potential risks in its future operations in the management discussion section of the report[4]. - Major raw material prices, including copper, tin, and silver, are subject to international market fluctuations, which could lead to increased production costs and affect profit margins if not managed properly[137]. - The company faces market risks due to macroeconomic fluctuations affecting downstream customer growth, with expectations for rapid revenue growth in electronic power products being negatively impacted[136].

Group 1: Company Development Plans - The company aims to expand production capacity to meet increasing market demand and enhance competitiveness against international manufacturers like Littelfuse and Cooper Bussman [2] - The planned production capacity for the new project is 960 million units per year, focusing on circuit protection components [3] - The funds raised from the IPO will primarily be used for expanding production capacity of various fuses and circuit protection devices [2] Group 2: Product Applications - The company's products, including fuses and self-resetting fuses, are widely used in various sectors such as home appliances, consumer electronics, automotive electronics, and industrial equipment [4] - The circuit protection components industry is evolving, with applications expanding into emerging fields like 3D electronics, smart grids, aerospace, and robotics [4] - The company is committed to researching new application areas and developing innovative products to maintain its competitive edge [4]

Group 1: Investor Relations Activity - The investor relations activity was conducted on March 5, 2015, from 10:00 to 11:30 AM [1] - The meeting involved a discussion format with representatives from Guotai Junan Securities Investment Trust Co., Ltd. [1] - Key personnel from the company included Deputy General Manager Huang Hengming and Board Secretary Lin Qiong [1] Group 2: Market Overview of Circuit Protection Components - In 2014, the global consumption of circuit protection components reached $5.684 billion, with the electronic products sector accounting for $2.946 billion, approximately 51% of total consumption [2] - The industrial and automotive electronics sectors consumed $1.513 billion and $1.225 billion, representing 27% and 22% of total consumption, respectively [2] - The Asia-Pacific region was the largest consumer of circuit protection components, with an estimated consumption of $2.997 billion in 2014, about 53% of the global total [2] Group 3: Industry Trends and Future Outlook - The circuit protection components industry is expected to maintain a stable growth rate, with a projected annual compound growth rate of 3.3% from 2014 to 2019 [3] - The rapid development of electronic power industries, driven by new technologies such as IoT and renewable energy, is expected to increase the demand for circuit protection components [3] - The company aims to strengthen its market position in fuse products and expand into over-voltage protection components [6] Group 4: Competitive Landscape - The circuit protection components industry has high technical barriers, with leading companies in the US, Japan, and Europe controlling core technologies and standards [4] - The competitive landscape is divided into three tiers: - Tier 1: Established companies with strong market share and technology [5] - Tier 2: Companies focusing on niche markets with proprietary technologies [5] - Tier 3: Companies lacking R&D capabilities and producing low-value generic components [5] Group 5: Strategic Development Goals - The company aims to become a comprehensive manufacturer of circuit protection components, focusing on product development and market expansion in sectors like air conditioning, smart phones, and electric vehicles [6][7] - Future investments will enhance production capacity and establish a leading global manufacturing base for circuit protection components [7]

Group 1: Company Strategy and Market Expansion - The company has introduced a new development strategy called "XYZ Three Axes" to enhance competitiveness and sustainability, focusing on green energy and social responsibility [2][6]. - Future market expansion plans include optimizing the sales system and expanding into new domestic and international markets, with a focus on direct sales, professional distributors, and small trade companies [3][4]. - The company aims to increase the revenue share from power fuses to approximately 40% by enhancing its product offerings in the new energy sector [4][6]. Group 2: Financial Performance and Projections - In 2021, the company achieved a revenue of 222.59 million yuan, representing a year-on-year growth of 31.56%, and a net profit of 24.14 million yuan, up 123.85% [10][12]. - The company plans to continue leveraging market opportunities and increasing R&D efforts to maintain growth momentum in the face of rising competition [10][12]. Group 3: Product Development and Innovation - The company has invested significantly in R&D, with 9.9972 million yuan allocated in 2021, accounting for 4.49% of total revenue, and 15.11% of the workforce dedicated to R&D [9][10]. - The company has developed a comprehensive range of fuses and established strong partnerships with leading manufacturers in various sectors, including renewable energy and automotive [6][11]. Group 4: Industry Position and Competitive Advantage - The company is recognized as a leading manufacturer in the circuit protection component industry, with a strong market presence and a reputation for quality [8][11]. - It has established long-term partnerships with major brands, enhancing its competitive edge and market share [11][12]. - The company holds 47 patents as of the end of 2021, reflecting its commitment to innovation and technological advancement [8][9].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥119,357,102.26, representing a 12.51% increase compared to ¥106,081,197.56 in the same period last year[23]. - Net profit attributable to shareholders was ¥16,061,088.83, a significant increase of 51.35% from ¥10,611,952.71 in the previous year[23]. - The basic earnings per share rose to ¥0.12, reflecting a 50.00% increase compared to ¥0.08 in the same period last year[23]. - The company reported a decrease of 1.93% in net profit after deducting non-recurring gains and losses, totaling ¥9,156,306.85 compared to ¥9,336,624.49 in the previous year[23]. - The weighted average return on equity improved to 3.57%, up from 2.52% in the same period last year[23]. - The company achieved operating revenue of 119 million RMB, a year-on-year increase of 12.51%[45]. - Net profit attributable to shareholders reached 16.06 million RMB, reflecting a year-on-year growth of 51.35%[45]. - The company reported a total revenue of 239,591,200 yuan for the first half of 2022, with a net profit of 15,997,030 yuan, representing a profit margin of approximately 6.67%[95]. - The company reported a net profit margin of 5.1% for the current period, indicating a stable performance[198]. Assets and Liabilities - The total assets at the end of the reporting period were ¥552,788,663.90, which is a 6.31% increase from ¥519,993,699.54 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 2.94%, reaching ¥454,854,932.78 compared to ¥441,885,294.21 at the end of the previous year[23]. - Cash and cash equivalents at the end of the reporting period amounted to ¥99,089,796.15, representing 17.93% of total assets, a decrease of 3.07% compared to the previous year[78]. - Accounts receivable increased to ¥79,985,962.37, accounting for 14.47% of total assets, up by 3.41% due to increased sales revenue during the reporting period[78]. - Inventory stood at ¥55,412,283.58, which is 10.02% of total assets, showing a slight decrease of 0.89% from the previous year[78]. - The company's total liabilities included lease liabilities of ¥1,464,753.13, which is 0.26% of total assets, reflecting a significant increase due to new leases[78]. - The company's total liabilities increased to CNY 97,933,731.12 from CNY 78,108,405.33, representing a growth of about 25.5%[177]. - The company's total current assets were CNY 334,551,188.16, up from CNY 304,575,980.38, indicating an increase of about 9.8%[176]. Cash Flow - The net cash flow from operating activities was significantly lower at ¥13,484.56, down 95.33% from ¥288,803.96 in the same period last year[23]. - The total cash inflow from operating activities for the first half of 2022 was CNY 97,916,548.18, an increase of 15.4% compared to CNY 84,792,492.63 in the first half of 2021[189]. - The cash inflow from financing activities was CNY 12,250,000.00, leading to a net cash flow of CNY 7,587,189.76, compared to a net outflow of CNY 2,068,089.35 in the first half of 2021[191]. - The company experienced a net decrease in cash and cash equivalents of CNY 15,314,485.77, compared to a decrease of CNY 44,578,516.08 in the same period last year[193]. Research and Development - The company has obtained a total of 54 patents, including 7 new patents during the reporting period, enhancing its R&D capabilities[36]. - The company's R&D investment increased by 63.16% to ¥7,637,819.35, reflecting a commitment to innovation and product development[70]. - The company is focusing on enhancing its technological capabilities through research and development initiatives[200]. - The company has allocated 3.7 million yuan for research and development in new technologies and products[196]. Market Expansion and Strategy - The company aims to become a global leader in circuit safety protection solutions, focusing on the high-end market for fuses and circuit protection components[33]. - The company is actively expanding into emerging markets such as renewable energy, energy storage, and electric vehicles, aiming to increase its market share[36]. - The company is transitioning from a single fuse product provider to a comprehensive circuit protection system solution provider[50]. - The company plans to expand its market presence and invest in new product development to drive future growth[195]. Risk Management - The company faced significant risks and uncertainties regarding future operations, which are detailed in the report[4]. - The company is monitoring raw material price fluctuations, particularly for copper and tin, which could affect production costs and profit margins[99]. - The ongoing COVID-19 pandemic presents uncertainties that may impact overall performance, with measures in place to ensure operational continuity[100]. - The company has implemented risk control measures for commodity futures hedging, including strict control of futures positions and regular optimization of hedging scale and duration[89]. Corporate Governance and Social Responsibility - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, ensuring fair and transparent communication[112]. - The company actively engages in social responsibility initiatives, providing numerous job opportunities and fulfilling tax obligations[114]. - The company has established a comprehensive human resources management system to protect employee rights and promote a harmonious labor relationship[113]. - The company has received multiple awards for its commitment to quality and long-term partnerships with suppliers and customers[113]. Shareholder Information - The company plans to increase its share capital by 52,277,120 shares through a capital reserve conversion, resulting in a total share capital of 182,969,920 shares[106]. - The largest shareholder, Xusheng Asia Investment Co., Ltd., holds 24.52% of the shares, totaling 32,046,000 shares, with a reduction of 9,156,000 shares during the reporting period[162]. - The total number of ordinary shareholders at the end of the reporting period was 6,643[162]. - The report indicates that the company has no plans for share repurchase or other significant changes in shareholding structure[158].