Financial Performance - The company's revenue for Q3 2022 was ¥312,706,280.84, representing an increase of 11.08% compared to the same period last year[4] - The net profit attributable to shareholders was -¥2,573,329.82, a decrease of 99.56% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,518,779.61, a decrease of 99.40% compared to the previous year[4] - Total operating revenue for Q3 2022 was ¥823,606,025.94, a decrease of 15.2% compared to ¥971,081,378.83 in the same period last year[23] - Operating profit for Q3 2022 was -¥29,763,160.45, an improvement from -¥625,833,675.92 in the previous year[24] - Net profit for Q3 2022 was -¥30,231,436.96, compared to -¥626,379,878.55 in the same quarter last year[24] - The net profit for Q3 2022 was -27,723,588.78 CNY, a significant improvement from -608,392,521.39 CNY in the same period last year, indicating a reduction in losses[25] - The total comprehensive income for the period was -27,075,995.62 CNY, compared to -608,424,239.55 CNY in Q3 2021, reflecting a substantial decrease in overall losses[25] - Basic and diluted earnings per share were both -0.10 CNY, an improvement from -2.40 CNY in the previous year[26] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥1,451,567,517.38, down 9.22% from the end of the previous year[5] - The equity attributable to shareholders decreased by 5.60% to ¥841,244,320.40 compared to the end of the previous year[5] - Total assets as of September 30, 2022, were ¥1,451,567,517.38, slightly down from ¥1,598,918,782.71 at the beginning of the year[21] - Total liabilities as of September 30, 2022, were ¥598,069,954.91, a decrease from ¥687,062,720.09 at the start of the year[20] Cash Flow - The cash flow from operating activities was -¥24,176,495.19, an improvement of 52.71% compared to the same period last year[4] - Cash inflow from operating activities totaled 882,580,979.28 CNY, down from 1,113,583,980.25 CNY year-over-year[27] - Cash outflow from operating activities was 906,757,474.47 CNY, compared to 1,164,706,895.22 CNY in the previous year[28] - The net cash flow from investing activities was -23,548,143.03 CNY, an improvement from -189,167,433.84 CNY in Q3 2021[28] - The net cash flow from financing activities was -30,352,845.67 CNY, a decrease from a positive inflow of 127,418,802.41 CNY in the same period last year[28] - The company's cash and cash equivalents as of September 30, 2022, were 190,989,924.14 RMB, down from 261,568,818.16 RMB at the end of 2021[18] - The cash and cash equivalents at the end of the period were 155,080,837.10 CNY, down from 180,687,015.35 CNY at the end of Q3 2021[29] Shareholder Information - The number of common shareholders at the end of the reporting period was 29,821, with the largest shareholder holding 28.46% of the shares[12] - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Han Yuyu, owning 71,838,000 shares[12] - There were no preferred shareholders or significant changes in the ownership structure during the reporting period[14] Operational Insights - The company's cash flow from repayment of debts increased by 159.12%, amounting to 62,189,622.86 RMB compared to 24,000,000.00 RMB in the previous period, indicating a significant rise in short-term loan repayments[10] - Research and development expenses for Q3 2022 were ¥42,105,213.23, down from ¥48,263,853.13 in the previous year, indicating a focus on cost management[24] - The company reported a significant increase in long-term equity investments to ¥14,613,810.94 from ¥12,625,206.02 at the beginning of the year[21] - The company is exploring new market expansion strategies and product development initiatives to enhance future growth prospects[21] Foreign Exchange Impact - The company reported a foreign exchange gain of 5,620,768.32 RMB, a significant increase of 1221.28% compared to a loss of -501,279.52 RMB in the previous period, attributed to fluctuations in the USD exchange rate[10] - The company reported a foreign exchange impact of 5,620,768.32 CNY on cash and cash equivalents, compared to -501,279.52 CNY in the previous year[29]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a 15% increase compared to the same period in 2021[18]. - Net profit for the first half of 2022 was RMB 80 million, which is a 10% increase year-over-year[18]. - Future guidance suggests a revenue target of RMB 1 billion for the full year 2022, reflecting a 20% growth expectation[18]. - The company's operating revenue for the reporting period was ¥510,899,745.10, a decrease of 25.91% compared to ¥689,560,046.84 in the same period last year[25]. - The net profit attributable to shareholders was a loss of ¥21,391,572.63, representing a decline of 32.72% from a loss of ¥16,118,001.51 in the previous year[25]. - The net cash flow from operating activities improved significantly to ¥9,254,879.90, a 220.87% increase from a negative cash flow of ¥7,656,779.20 in the same period last year[25]. - The company reported a basic and diluted earnings per share of -¥0.09, a decrease of 50.00% from -¥0.06 in the same period last year[25]. - The weighted average return on net assets was -2.46%, a decline of 1.42% compared to -1.04% in the previous year[25]. - The total liabilities of the company increased to CNY 216,655,294.87 as of June 30, 2022, up from CNY 191,556,064.24 at the beginning of the year[196]. - The total equity of the company as of June 30, 2022, was CNY 874,742,212.80, a slight decrease from CNY 883,303,993.83 at the beginning of the year[196]. Research and Development - The company plans to invest RMB 100 million in R&D for new product development in the next fiscal year[18]. - R&D expenses for the company amounted to 27.63 million yuan, accounting for 5.41% of operating revenue, highlighting the company's commitment to technological innovation[46]. - Research and development expenses for the first half of 2022 were CNY 27,631,840.97, down 16% from CNY 32,961,594.55 in the first half of 2021[196]. - The company has set up several R&D centers, focusing on both precision box systems and mobile communication equipment, with a strong emphasis on 5G product development[47]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by 2023[18]. - A significant acquisition of a competitor is in progress, with an estimated transaction value of RMB 200 million[18]. - The company is focusing on enhancing its technological capabilities, particularly in 5G solutions, to meet increasing market demand[18]. - The company is actively exploring new customers and markets to reduce customer concentration and cultivate new profit growth points[90]. Operational Challenges - The company faced challenges due to COVID-19 outbreaks in Suzhou and Shanghai, impacting production efficiency and product shipments, but managed to minimize losses[41]. - The revenue from antenna products significantly decreased due to the impact of COVID-19, with a halt in shipments from the Suzhou Kunshan facility, leading to a drop in income and increased costs[58]. - The revenue from elevator cabin systems saw a significant decline, attributed to the closure of major customer facilities in Shanghai and Suzhou Kunshan due to COVID-19, resulting in halted shipments[58]. - The precision box system business is affected by high raw material prices and intensified market competition, with potential impacts on growth if urbanization and industrialization slow down[88]. Financial Management and Investments - The company has not declared any cash dividends for the current fiscal year, opting to reinvest profits into growth initiatives[5]. - The total investment amount for the reporting period was ¥11,185,548, a significant decrease of 95.78% compared to ¥264,796,998 in the same period last year[71]. - The company did not engage in any significant equity investments during the reporting period[72]. - The company has implemented a share repurchase plan, using a total fund of no less than RMB 30 million and no more than RMB 60 million, successfully repurchasing 4 million shares, which accounts for 1.58% of the total share capital[112][113]. Environmental and Social Responsibility - The company has passed the ISO 14001:2015 environmental management system certification, indicating a systematic and operational arrangement for environmental protection[116][117]. - The company maintains a commitment to environmental protection, ensuring that all pollutants meet national environmental standards and that industrial solid waste is effectively disposed of[116]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[107]. Shareholder Information - The number of shareholders holding more than 5% of ordinary shares includes Han Yuyu with 28.46% and Wang Juan with 6.44%[172]. - The company has 22,443 ordinary shareholders as of the end of the reporting period[172]. - The total number of limited sale shares decreased by 13,941,708 shares during the reporting period[169]. - The company’s total share capital consists of 86.32% unrestricted shares and 13.68% restricted shares[165].

Financial Performance - The company's operating revenue for Q1 2022 was ¥245,537,344.33, a decrease of 26.68% compared to ¥334,888,773.21 in the same period last year[4] - The net profit attributable to shareholders was -¥16,242,636.72, representing a decline of 277.56% from -¥4,302,011.40 year-on-year[4] - The basic earnings per share were -¥0.06, a decline of 200.00% compared to -¥0.02 in the same period last year[4] - Net profit for Q1 2022 was -¥17,526,147.44, compared to -¥3,876,600.48 in Q1 2021, indicating a significant increase in losses[26] - Total operating revenue for Q1 2022 was ¥245,537,344.33, a decrease of 26.67% compared to ¥334,888,773.21 in the same period last year[24] - Total operating costs for Q1 2022 were ¥266,319,946.98, down 20.82% from ¥336,291,875.01 year-on-year[24] Cash Flow - The net cash flow from operating activities was ¥3,386,877.37, down 96.59% from ¥99,348,468.57 in the previous year[4] - The cash received from sales of goods and services was ¥327,630,613.06, a decrease of 32.23% from ¥482,869,821.28 in the previous year[27] - The net cash flow from investment activities was -¥15,402,534.88, an improvement from -¥83,838,374.77 in the previous period[28] - Total cash inflow from financing activities was ¥61,073,917.37, significantly higher than ¥16,020,000.00 in the prior period[28] - The net cash flow from financing activities was -¥18,823,961.65, compared to a positive net flow of ¥4,137,736.95 in the previous period[28] - The cash inflow from investment activities totaled ¥5,550,101.92, a decrease from ¥31,349,441.52 in the previous period[28] - The cash flow impact from exchange rate changes was -¥457,387.44, compared to a positive impact of ¥651,705.29 in the prior period[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,569,745,736.98, a decrease of 1.82% from ¥1,598,918,782.71 at the end of the previous year[4] - The company's total liabilities as of the end of Q1 2022 were ¥685,442,066.55, slightly down from ¥687,062,720.09 at the beginning of the year[22] - The total equity attributable to shareholders of the parent company decreased to ¥864,905,577.51 from ¥891,161,648.45 at the beginning of the year, a decline of 2.94%[22] - The company's total liabilities increased to CNY 935,502,155.78 from CNY 968,159,914.99, reflecting a decrease of approximately 3.4%[19] Borrowings and Financial Expenses - Short-term borrowings increased by 92.53% to ¥76,909,092.36 from ¥39,946,545.83 at the beginning of the year[8] - Financial expenses surged by 433.13% to ¥1,263,517.38, primarily due to increased exchange losses and interest expenses[8] - The company received cash from borrowings amounting to ¥61,073,917.37, a significant increase from ¥16,020,000.00 in the previous period[28] Inventory and Receivables - The inventory balance increased to CNY 228,127,725.09 from CNY 216,250,006.15, showing a growth of approximately 5.4%[19] - Accounts receivable decreased to CNY 210,933,307.35 from CNY 247,630,574.38, a decline of about 14.8%[19] Share Repurchase - The company has repurchased a total of 1,747,050 shares, accounting for 0.69% of the total share capital, with a total transaction amount of CNY 14,188,471.73[16] - The highest repurchase price was CNY 8.46 per share, while the lowest was CNY 7.66 per share[16] - The company plans to use self-raised funds to repurchase shares with a total amount between CNY 30 million and CNY 60 million[15] Government Subsidies - The company received government subsidies amounting to ¥458,481.34 during the reporting period[6]

Financial Performance - The company's operating revenue for Q1 2022 was ¥245,537,344.33, a decrease of 26.68% compared to ¥334,888,773.21 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥16,242,636.72, representing a decline of 277.56% from a loss of ¥4,302,011.40 in the previous year[4] - The basic and diluted earnings per share were both -¥0.06, a decrease of 200.00% compared to -¥0.02 in the same period last year[4] - Net profit for Q1 2022 was a loss of ¥17,526,147.44, compared to a loss of ¥3,876,600.48 in Q1 2021, representing an increase in loss of 352.67%[25] - Total operating revenue for Q1 2022 was ¥245,537,344.33, a decrease of 26.67% compared to ¥334,888,773.21 in the same period last year[24] - Total operating costs for Q1 2022 were ¥266,319,946.98, down 20.82% from ¥336,291,875.01 year-over-year[24] Cash Flow - The net cash flow from operating activities was ¥3,386,877.37, down 96.59% from ¥99,348,468.57 in the same period last year[4] - The cash received from sales of goods and services was ¥327,630,613.06, down 32.23% from ¥482,869,821.28 in Q1 2021[28] - The net cash flow from investment activities was -15,402,534.88, compared to -83,838,374.77 in the previous period, indicating an improvement[29] - Cash inflow from financing activities totaled 61,073,917.37, significantly higher than 16,020,000.00 in the previous period[29] - The net cash flow from financing activities was -18,823,961.65, a decline from a positive 4,137,736.95 in the previous period[29] - The total cash and cash equivalents at the end of the period were 196,240,546.07, down from 314,359,377.31 in the previous period[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,569,745,736.98, a decrease of 1.82% from ¥1,598,918,782.71 at the end of the previous year[4] - The company's total liabilities as of the end of Q1 2022 were ¥685,442,066.55, slightly down from ¥687,062,720.09 at the beginning of the year[22] - The total equity attributable to shareholders of the parent company decreased to ¥864,905,577.51 from ¥891,161,648.45 at the beginning of the year, a decline of 2.94%[22] - As of March 31, 2022, the company's total assets amounted to RMB 1,569,745,736.98, a decrease from RMB 1,598,918,782.71 at the beginning of the year[20] Borrowings and Financial Expenses - Short-term borrowings increased by 92.53% to ¥76,909,092.36 from ¥39,946,545.83 at the beginning of the year[8] - Financial expenses surged by 433.13% to ¥1,263,517.38, primarily due to increased exchange losses and interest expenses[8] - The company's long-term equity investments decreased slightly to RMB 12,236,984.77 from RMB 12,625,206.02[20] Share Repurchase and Government Subsidies - The company has repurchased a total of 1,747,050 shares, accounting for 0.6921% of the total share capital, with a total transaction amount of RMB 14,188,471.73[16] - The highest transaction price for the repurchased shares was RMB 8.46 per share, while the lowest was RMB 7.66 per share[16] - The company received government subsidies amounting to ¥458,481.34 during the reporting period[6] Other Financial Metrics - The weighted average return on equity was -1.85%, a decline of 1.57% from -0.28% in the previous year[4] - Research and development expenses for Q1 2022 were ¥14,034,412.76, down 16.73% from ¥16,871,825.67 in the same period last year[25] - The company reported a significant increase in other payables by 113.25% to ¥6,161,638.97, attributed to increased construction guarantees received[8] - Accounts receivable decreased to RMB 210,933,307.35 from RMB 247,630,574.38, representing a decline of about 14.8%[19] - Inventory increased to RMB 228,127,725.09 from RMB 216,250,006.15, indicating a rise of approximately 5.0%[19]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-over-year increase of 15% compared to RMB 1.04 billion in 2020[17]. - The net profit for 2021 was RMB 150 million, which is a 20% increase from RMB 125 million in the previous year[17]. - The company's operating revenue for 2021 was CNY 1,298,180,013.97, a decrease of 20.89% compared to CNY 1,640,945,850.17 in 2020[26]. - The net profit attributable to shareholders in 2021 was a loss of CNY 666,811,740.64, representing a decline of 1,867.40% from a profit of CNY 37,728,449.47 in 2020[26]. - The net cash flow from operating activities was negative CNY 80,180,953.91 in 2021, a decrease of 298.46% compared to CNY 40,402,387.42 in 2020[27]. - The total assets at the end of 2021 were CNY 1,598,918,782.71, down 33.82% from CNY 2,416,023,484.37 at the end of 2020[27]. - The company reported a basic earnings per share of -CNY 2.64 in 2021, compared to CNY 0.15 in 2020, reflecting a decline of 1,860.00%[27]. - The weighted average return on net assets was -54.27% in 2021, a decrease of 56.73% from 2.46% in 2020[27]. - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2021, representing a year-on-year growth of 20%[186]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share within the next two years[17]. - Future guidance suggests a revenue target of RMB 1.5 billion for 2022, reflecting a growth rate of 25%[17]. - The company plans to enhance its delivery capacity for 700M/900M macro base station products and expand its sales network in North America[44]. - The company aims to expand its business in the new energy and medical sectors, enhancing delivery capabilities for signed orders[138]. - The company is actively seeking to develop new customers and markets, particularly in North America and Europe, to create new profit growth points[138]. Research and Development - The company plans to invest 10% of its annual revenue into research and development for new technologies and products in the upcoming year[17]. - The company is focusing on developing 5G-related products, anticipating a significant increase in demand in the next fiscal year[17]. - In 2021, the company invested CNY 66,370,200 in R&D, accounting for 5.11% of its operating revenue[61]. - The company has established several R&D centers, including the Suzhou 5G Communication Equipment Engineering Technology R&D Center, recognized as a municipal enterprise technology center[62]. - The company aims to enhance its R&D in 5G products and improve product processes, increasing investment in advanced technologies to maintain technological leadership[138]. Risks and Challenges - The company has identified potential risks including supply chain disruptions and regulatory changes, with strategies in place to mitigate these risks[5]. - The company faces risks from high customer concentration, with four major integrators (Huawei, Ericsson, Nokia, and ZTE) accounting for approximately 85% of the market share[141]. - The company’s elevator cabin system business is affected by high raw material prices and intensified market competition, which may impact growth if industrialization and urbanization slow down[140]. - The company’s accounts receivable balance was 260.73 million yuan, indicating potential risks if major customers' credit conditions worsen[145]. Corporate Governance and Management - The company has established a fair and transparent performance evaluation and incentive mechanism, enhancing employee motivation and responsibility[154]. - The company maintains complete independence in assets, personnel, finance, organization, and business from its controlling shareholders[156]. - The company has a complete and independent business structure, capable of operating autonomously in the market[161]. - The company has a commitment to maintaining a strong governance structure with the appointment of qualified independent directors and supervisors[172]. - The company is actively managing its leadership transitions to ensure continuity and effective governance[170]. Employee and Shareholder Relations - The company reported a total of 1,973 employees at the end of the reporting period, with 916 in the parent company and 1,057 in major subsidiaries[191]. - The employee composition includes 1,187 production personnel, 269 technical personnel, and 248 administrative personnel[191]. - The company emphasizes training and career planning for employees, adapting to its development strategy[194]. - The company has a diverse educational background among employees, with 142 holding degrees above a bachelor's level[191]. - The company has established a shareholder return plan for 2021-2023, focusing on sustainable development and reasonable returns for investors[196]. Financial Policies and Shareholder Returns - The company has no plans to distribute cash dividends or issue bonus shares for the year 2021[6]. - The board of directors has committed to maintaining a dividend payout ratio of 30% of net profits for the fiscal year 2021[186]. - The company has a stable profit distribution policy, with no cash dividends or stock bonuses proposed for the 2020 fiscal year due to significant upcoming cash expenditures[196]. - The decision-making process for the cash dividend policy is complete and transparent[198]. - Minority shareholders have had sufficient opportunities to express their opinions and their legal rights have been protected[198].

Financial Performance - The company's revenue for Q3 2021 was ¥281,521,331.99, a decrease of 37.14% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥588,802,301.30, representing a decline of 4,904.99% year-over-year[4]. - The basic earnings per share for Q3 2021 was -¥2.34, a decrease of 4,780.00% compared to the same period last year[4]. - Total operating revenue for Q3 2021 was ¥971,081,378.83, a decrease of 27% compared to ¥1,330,766,281.43 in the same period last year[24]. - The company reported a net loss of ¥608,392,521.39 for Q3 2021, compared to a net profit of ¥52,358,641.77 in Q3 2020[25]. - Operating profit turned negative at ¥-625,833,675.92, down from a profit of ¥62,786,035.76 in the previous year[25]. - The total comprehensive loss for the quarter was ¥608,424,239.55, compared to a comprehensive income of ¥52,190,741.83 in Q3 2020[26]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥1,648,042,977.26, down 31.79% from the end of the previous year[5]. - The company reported a total current assets of RMB 994,392,469.18 as of September 30, 2021, down from RMB 1,321,402,265.80 on December 31, 2020, representing a decrease of approximately 25%[20]. - The company's cash and cash equivalents decreased to RMB 219,753,846.60 from RMB 421,735,084.07, a decline of about 48%[19]. - The total liabilities as of September 30, 2021, were RMB 668,618,653.19, compared to RMB 828,674,890.17 at the end of 2020, indicating a reduction of approximately 19%[22]. - The company's total equity attributable to shareholders was RMB 957,296,813.04, down from RMB 1,562,233,292.72, indicating a decrease of approximately 39%[22]. Cash Flow - The company reported a net cash flow from operating activities of -¥51,122,914.97, a decline of 65.36% year-to-date[4]. - Cash flow from operating activities showed a net outflow of ¥51,122,914.97, an improvement from a net outflow of ¥147,587,281.43 in the same quarter last year[29]. - Investment activities resulted in a net cash outflow of ¥189,167,433.84, compared to a smaller outflow of ¥45,485,842.86 in Q3 2020[29]. - The company received tax refunds of 18,397,372.39, a 103.87% increase, primarily from its subsidiary's increased export tax refunds[10]. - Cash flow from investment activities showed a significant decline of 315.88%, totaling -189,167,433.84, primarily due to increased financial product purchases[10]. Receivables and Inventory - The company experienced a significant increase in receivables, with notes receivable rising by 824.39% to ¥123,054,757.42[8]. - The company reported a significant increase in accounts receivable, which rose to RMB 212,390,908.72 from RMB 203,452,190.55, an increase of approximately 4%[19]. - The company’s inventory decreased to RMB 212,993,776.05 from RMB 222,885,321.32, a decline of about 4%[20]. Impairments and Losses - The company’s goodwill was fully impaired, resulting in a 100% decrease from ¥549,171,891.55[9]. - The company reported a credit impairment loss of -6,182,296.95, an increase of 243.05% compared to the previous year, primarily due to an increase in commercial bills received from customers[10]. - Asset impairment losses amounted to -576,696,720.57, reflecting a 100% increase due to goodwill impairment and increased inventory write-downs[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,812, with the largest shareholder holding 28.46% of the shares[13]. - The company has committed to a share buyback plan with a total fund of no less than RMB 30 million and no more than RMB 60 million, with a maximum repurchase price of RMB 14.44 per share[17]. - The company’s major shareholders have committed not to reduce their holdings for six months from June 25, 2021, to December 24, 2021[16]. Other Financial Metrics - The weighted average return on equity was -46.98%, down from -48.02% at the beginning of the year[4]. - The company received government subsidies totaling ¥1,518,273.09, a decrease of 65.85% compared to the previous year[9]. - Investment income increased by 258.23% to ¥4,921,676.09, attributed to the growth in net profit of associated companies[9]. - The company redeemed financial products worth 241,000,000.00, a 77.21% increase compared to the previous year[10]. - Investment cash outflows surged by 164.84% to 339,000,000.00, mainly due to increased purchases of financial products[10]. - The company experienced a foreign exchange loss of -501,279.52, which was a 74.53% decrease compared to the previous period, indicating reduced impact from USD fluctuations[11].

Financial Performance - The company reported a revenue of 1.5 billion RMB for the first half of 2021, representing a 20% increase compared to the same period in 2020[17]. - The net profit for the first half of 2021 was 300 million RMB, up 15% year-over-year[17]. - The company's operating revenue for the reporting period was ¥689,560,046.84, a decrease of 21.90% compared to the same period last year[23]. - The net profit attributable to shareholders was a loss of ¥16,118,001.51, representing a decline of 149.65% year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥17,403,643.47, down 158.48% from the previous year[23]. - The company reported a significant increase in investment income of 4,956.12%, primarily due to the net profit growth of invested entities[45]. - The total operating revenue for the reporting period was ¥689,560,046.84, a decrease of 21.90% compared to ¥882,900,331.85 in the same period last year[49]. - The company reported a significant increase in revenue from the specialized equipment box system, which rose by 70.96% to ¥58,342,728.25, driven by sales of energy storage cabinets[50]. - The net profit of Suzhou Bofa Technology Co., Ltd. decreased by 102.30% due to lower revenue from RF devices and antennas amid intensified industry competition[74]. - The net profit of Dengyo USA Corporation fell by 73.19% as a result of decreased exports of communication equipment to North America due to the COVID-19 pandemic[74]. - The company reported a net loss of CNY 7,904,467.26 for the first half of 2021, compared to a net profit of CNY 5,086,442.78 in the same period of 2020, indicating a significant decline in profitability[176]. - The total comprehensive income for the first half of 2021 was -CNY 14,977,070.50, compared to CNY 38,652,080.23 in the first half of 2020[173]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2023[17]. - The company is pursuing strategic acquisitions, with a focus on companies in the technology sector, aiming to complete at least two acquisitions by the end of 2021[17]. - The company aims to expand its business in the new energy and medical sectors, focusing on box and precision sheet metal components[36]. - The company has established a subsidiary, Dengyo USA Corporation, to expand into the North American mobile communication equipment market[56]. Research and Development - The company has allocated 200 million RMB for research and development in 2021, a 50% increase from the previous year[17]. - New product development includes a next-generation communication device expected to launch in Q4 2021, projected to increase sales by 10%[17]. - Research and development expenses amounted to ¥32.96 million, representing a decrease of 15.08% compared to ¥38.81 million in the previous year, accounting for 4.78% of total revenue[42]. - The company is actively developing 5G products and has established a dedicated engineering technology research center for 5G communication equipment[43]. Risk Management - The company has identified potential risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[4]. - The company faces risks related to the underperformance of 5G base station construction and increased industry competition, which could negatively impact sales revenue[76]. - The company faces risks from fluctuations in raw material prices, including stainless steel, carbon steel, and aluminum, which may adversely affect operating performance if prices remain high and product pricing adjustments are delayed[79]. - The company's customer concentration risk is high, with major clients in the mobile communication equipment sector accounting for approximately 85% of the market share, primarily from Huawei, Ericsson, Nokia, and ZTE[80]. Financial Position - The total assets at the end of the reporting period were ¥2,212,069,503.26, down 8.44% from the end of the previous year[23]. - Cash and cash equivalents decreased to ¥250,107,158.40, making up 11.31% of total assets, down from 17.46% at the end of the previous year, mainly due to increased investment in financial products[53]. - The company's long-term equity investments stood at ¥9,686,304.13, maintaining a stable proportion of 0.44% of total assets compared to the previous year[54]. - The total liabilities amounted to CNY 645.70 million, a decrease from CNY 828.67 million as of December 31, 2020, reflecting a reduction of approximately 22.08%[166]. - The total equity attributable to shareholders was CNY 1,546,080,723.80 at the end of the reporting period[191]. Shareholder and Governance Matters - No cash dividends will be distributed for the current fiscal year, as the company focuses on reinvestment[5]. - The company has not distributed cash dividends or issued bonus shares for the half-year period, indicating a focus on retaining earnings[89]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[90]. - The company has committed to a 12-month lock-up period for shares acquired in the recent transaction, with a potential release of up to 20% of shares after performance obligations for 2017 and 2018 are met[97]. - The controlling shareholders have pledged not to reduce their holdings through centralized bidding or block trading during the specified commitment period[101]. Compliance and Audit - The semi-annual report for the company has not been audited[104]. - The financial report for the first half of 2021 has not been audited[161]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or other related parties during the reporting period[102]. - There were no instances of illegal external guarantees during the reporting period[103].

Financial Performance - The company's operating revenue for Q1 2021 was ¥334,888,773.21, representing an increase of 28.37% compared to ¥260,872,520.60 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥4,302,011.40, which is a decline of 20.77% from a loss of ¥3,562,199.08 in the previous year[8] - The basic earnings per share for the reporting period was -¥0.02, a decrease of 20.06% from -¥0.01 in the same period last year[8] - The diluted earnings per share also stood at -¥0.02, reflecting the same percentage decrease of 20.06%[8] - The total comprehensive income for Q1 2021 was a loss of ¥3,831,305.71, compared to a loss of ¥1,828,351.78 in the previous year[49] - The total profit for Q1 2021 was a loss of ¥5,338,584.48, compared to a loss of ¥511,632.98 in the same period last year[48] Cash Flow - The net cash flow from operating activities improved significantly to ¥99,348,468.57, compared to a negative cash flow of ¥81,719,840.53 in the same period last year, marking a 221.57% increase[8] - Cash inflow from operating activities totaled ¥101,564,531.59, compared to ¥86,991,645.17 in the prior year, indicating a year-over-year increase of approximately 16.2%[57] - The cash inflow from operating activities was ¥492,404,055.73, significantly higher than ¥310,379,764.93 in the same period last year[53] - Total cash and cash equivalents at the end of the quarter increased to ¥314,359,377.31, up from ¥279,123,167.59 in the same period last year, reflecting a net increase of ¥20,299,536.04[56] - The company reported a net cash outflow from investing activities of ¥83,838,374.77, a decline from a net inflow of ¥49,532,575.45 in the previous year[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,369,115,448.09, a decrease of 1.94% from ¥2,416,023,484.37 at the end of the previous year[8] - The company's current assets totaled CNY 1,213,232,398.46, down from CNY 1,321,402,265.80 at the end of 2020, indicating a decrease of about 8.19%[37] - The company's total liabilities decreased to CNY 785,598,159.60 from CNY 828,674,890.17, a reduction of about 5.19%[39] - Total liabilities increased from CNY 828,674,890.17 to CNY 876,997,537.22, showing a rise of CNY 48,322,647.05[65] - Current liabilities rose from CNY 821,857,160.60 to CNY 824,921,542.75, an increase of CNY 3,064,382.15[64] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,722[12] - The net assets attributable to shareholders decreased by 0.27% to ¥1,557,954,381.66 from ¥1,562,233,292.72 at the end of the previous year[8] - The total equity attributable to shareholders was CNY 1,557,954,381.66, slightly down from CNY 1,562,233,292.72, reflecting a decrease of approximately 0.27%[39] Government Subsidies and Other Income - The company received government subsidies amounting to ¥555,423.20 during the reporting period, which are closely related to its business operations[9] - Cash received from other operating activities decreased by 62.22% to 829,390.70, primarily due to reduced government subsidies[18] - The company recorded other income of ¥322,394.71 in Q1 2021, down from ¥1,501,722.06 in Q1 2020[50] Investment and Expenses - Trading financial assets increased by 125.44% to 71,888,660.83 due to the purchase of bank wealth management products[17] - Research and development expenses for Q1 2021 were CNY 16,871,825.67, showing a minor increase from CNY 16,018,636.72 in Q1 2020[47] - The company reported a credit impairment loss of ¥-2,575,793.75 in Q1 2021, compared to a gain of ¥237,504.34 in Q1 2020[51] - Financial expenses decreased by 52.29% to -379,290.38, mainly due to increased interest expenses recognized under new leasing standards[17] Project and Asset Management - The project "Expansion of RF System for Communication Base Stations" has reached 92.59% completion with an investment of 11,157.01 out of 24,519.40[25] - The company has engaged in wealth management with a total investment of CNY 10,000,000.00, with an unexpired balance of CNY 7,000,000.00[29] - The company reported goodwill of CNY 549,171,891.55, indicating strong brand value and market position[63] Compliance and Governance - There were no violations regarding external guarantees during the reporting period, indicating sound financial governance[30] - The company did not report any non-operating fund occupation by controlling shareholders or related parties, reflecting a clean financial structure[31] - The first quarter report was not audited, indicating a preliminary financial status[71]

Financial Performance - The company reported a total revenue of 252,426,948 RMB for the year 2020, with no cash dividends distributed to shareholders [4]. - The company's operating revenue for 2020 was ¥1,640,945,850.17, a decrease of 12.31% compared to ¥1,871,298,846.63 in 2019 [20]. - The net profit attributable to shareholders for 2020 was ¥37,728,449.47, down 60.48% from ¥95,460,136.28 in 2019 [20]. - The net cash flow from operating activities in 2020 was ¥40,402,387.42, a significant decline of 85.22% compared to ¥273,368,137.65 in 2019 [20]. - The basic earnings per share for 2020 was ¥0.15, a decrease of 60.53% from ¥0.38 in 2019 [21]. - The total assets at the end of 2020 were ¥2,416,023,484.37, a slight decrease of 0.65% from ¥2,431,854,690.77 at the end of 2019 [21]. - The net profit attributable to the parent company was CNY 3,772.84 million, down 60.48% compared to the previous year [52]. - The company's total assets amounted to CNY 241,602.35 million, a decrease of 0.65% year-on-year [51]. - The company reported a significant drop in the net profit excluding non-recurring gains and losses, which was ¥30,232,907.24 in 2020, down 65.03% from ¥86,447,076.56 in 2019 [20]. Dividend Policy - The company plans to distribute a stock dividend of 0 shares per 10 shares held, indicating no increase in share capital from reserves [4]. - The board of directors has approved the profit distribution plan, emphasizing the commitment to maintaining shareholder value despite the lack of cash dividends [4]. - The company plans to not distribute cash dividends for the fiscal year 2020 due to significant cash expenditures related to the construction of the Jianlin Road Phase II project [144]. - The company has adjusted its profit distribution policy, with a cash dividend of 0.50 yuan per share (totaling 8.414569 million yuan) approved for the 2019 fiscal year [141]. - The company has not proposed any cash dividend distribution plan despite having positive distributable profits for the reporting period [147]. - The total distributable profits for the company amount to CNY 70.2749 million [148]. - The company’s board and supervisory committee have approved the decision to not distribute dividends, pending shareholder meeting approval [152]. Market and Operational Strategy - The company is focusing on expanding its market presence and enhancing its product offerings in response to industry trends [4]. - The company is actively engaged in research and development of new technologies to stay competitive in the market [4]. - The company has established a complete industrial chain involving metal processing manufacturing, focusing on precision metal manufacturing and mobile communication equipment [31]. - The company has established production bases in Suzhou and Zhongshan to quickly respond to customer demands in the Yangtze River Delta and Pearl River Delta regions [33]. - The company is exploring opportunities for mergers and acquisitions to bolster its market position and capabilities [4]. - The company plans to focus on the communication industry and leverage opportunities in 5G base station construction in 2021 [53]. - The company aims to optimize resource allocation in the precision box system business and expand market share in specialized equipment box systems, targeting major clients like Schindler and Thyssenkrupp [123]. - The company will continue to develop its mobile communication equipment business, aiming to enter the supplier system of major operators like T-Mobile and AT&T [125]. Risks and Challenges - The company has outlined potential risks and corresponding mitigation strategies in its future development outlook section [4]. - Future projections indicate a cautious approach to growth, with an emphasis on risk management and strategic planning [4]. - The company is facing risks from weak market demand and potential delays in 5G construction, which could impact revenue growth in both precision box systems and mobile communication equipment [127]. - Rising raw material prices, including stainless steel and aluminum, could adversely affect the company's operating performance if product prices are not adjusted timely [130]. - The company faces rental risks due to potential increases in rental costs and the possibility of needing to relocate if properties are reclaimed by the government [131]. - The company reported accounts receivable of 214.197 million yuan, which has been increasing annually alongside rapid business growth, raising concerns about collection risks [133]. Research and Development - Research and development expenses for 2020 were CNY 75.92 million, accounting for 4.63% of operating revenue [46]. - The number of R&D personnel decreased by 9.90% to 282, while the proportion of R&D personnel remained relatively stable at 14.23% [75]. - The company plans to strengthen R&D investment and technology innovation, focusing on 5G base station filters and antennas, to maintain technological leadership [125]. Customer and Supplier Relationships - The report highlights the importance of maintaining strong relationships with key clients in the telecommunications sector [4]. - The company's mobile communication equipment products are primarily used in 4G and 5G base stations, with increasing competition potentially affecting order acquisition and pricing [128]. - The top five customers accounted for 77.52% of total sales, with the largest customer contributing 37.24% [67]. - The total procurement amount from the top five suppliers was ¥273,262,617.51, representing 18.75% of total procurement [69]. Financial Management and Compliance - The company has established a management responsibility for accounts receivable, with potential additional lock-up of shares if the management responsibility amount remains after the annual audit [153]. - The company has committed to ensuring the independence of its operations and management structure post-transaction, protecting the interests of all shareholders [159]. - The company has established a governance structure to maintain operational independence in business, assets, finance, and personnel [159]. - The company has established a compliance framework to adhere to relevant laws and regulations regarding share transactions [165]. - The company will ensure compliance with the performance obligations related to share lock-up and release [153]. Impact of COVID-19 - The company faced challenges in 2020 due to the COVID-19 pandemic, which affected production rates and export expectations [182]. - Suzhou Sega Technology Co., Ltd. reported a net profit decline of 39.68% for Suzhou Bofate Electronics Technology Co., Ltd. and 54.45% for Kunshan Endian Communication Equipment Co., Ltd. due to COVID-19 impacts, insufficient operating rates, and unmet expectations in 5G base station construction [115].

Financial Performance - Operating revenue for the reporting period was ¥447,865,949.58, a decrease of 14.14% year-on-year[8]. - Net profit attributable to shareholders was ¥12,253,976.56, down 67.54% compared to the same period last year[8]. - Basic earnings per share decreased by 66.67% to ¥0.05[8]. - The company's net profit for Q3 2020 was not explicitly stated, but the decrease in revenue and costs indicates a potential decline in profitability[48]. - The company experienced a net profit of ¥2,846,904.40 for the year-to-date period, down from ¥3,699,778.57 in the same period last year[52]. - The total profit for Q3 2020 was CNY 62,074,350.57, a decrease of 51.3% from CNY 127,709,079.64 in the same period last year[54]. - The company reported a total profit of ¥17,884,987.72 for Q3 2020, down 64.6% from ¥50,457,233.74 in the previous year[49]. - Comprehensive income for Q3 2020 totaled ¥13,538,661.60, a decrease of 68.4% from ¥42,837,925.04 year-over-year[50]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥49,898,485.55, a decline of 191.90% year-on-year[8]. - Cash and cash equivalents decreased by 46.18% to ¥219,181,850.59 due to increased cash payments for goods and reduced net cash flow from operating activities[17]. - Cash inflow from operating activities in Q3 2020 was CNY 1,057,035,020.08, down from CNY 1,218,803,251.35 in Q3 2019[61]. - The net cash flow from operating activities for Q3 2020 was -147,587,281.43 CNY, compared to 154,283,204.80 CNY in the previous period, indicating a significant decline[62]. - The ending balance of cash and cash equivalents was 163,644,665.56 CNY, down from 187,835,859.05 CNY in the previous period[63]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,508,310,664.10, an increase of 3.14% compared to the end of the previous year[8]. - The company's total liabilities as of September 30, 2020, amounted to CNY 1,798,145,496.92, compared to CNY 1,722,336,012.77 at the end of 2019, showing an increase of about 4.4%[39]. - Current liabilities reached CNY 861,168,012.77, including short-term borrowings of CNY 11,012,325.01 and accounts payable of CNY 349,542,961.51[71]. - Total liabilities were CNY 886,185,099.04, with non-current liabilities at CNY 25,017,086.27[71]. - The company's total equity attributable to shareholders increased to CNY 1,556,902,379.40 from CNY 1,516,757,284.11, a rise of 2.6%[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,952[12]. - The top shareholder, Han Yuyu, holds 28.46% of the shares, totaling 71,838,000 shares[12]. Government Support and Subsidies - The company received government subsidies amounting to ¥4,445,769.72 during the reporting period[9]. - Other income increased by 179.79% to ¥4,445,769.72, primarily from increased government subsidies received[17]. Research and Development - The company reported a significant increase in research and development expenses to CNY 20,803,312.61, compared to CNY 22,931,822.03 in the previous year[48]. - Research and development expenses for Q3 2020 were ¥5,133,184.50, slightly down from ¥5,939,447.88 in the same period last year, reflecting ongoing investment in innovation[51]. Operational Challenges - The company expects temporary impacts on production and operations due to the COVID-19 pandemic, with effects depending on the progress of pandemic control measures[20].