证券代码：002796 证券简称：世嘉科技 苏州市世嘉科技股份有限公司投资者关系活动记录表 编号：2018-002 | --- | --- | --- | |---------------------------|-------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

1 证券代码：002796 证券简称：世嘉科技 苏州市世嘉科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |---------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

证券代码：002796 证券简称：世嘉科技 苏州市世嘉科技股份有限公司投资者关系活动记录表 编号：2020-001 | --- | --- | --- | |---------------------------|--------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

证券代码：002796 证券简称：世嘉科技 编号：2022-001 1 苏州市世嘉科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|-------|---------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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].