Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year growth of 15%[14] - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[14] - The company's operating revenue for 2019 was ¥3,727,450,770.41, representing a year-over-year increase of 1.95%[21] - The net profit attributable to shareholders for 2019 was ¥526,048,757.38, a decrease of 6.16% compared to the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥497,366,341.58, down 7.17% from 2018[21] - The net cash flow from operating activities decreased by 16.03% to ¥787,453,828.98 in 2019[21] - The total assets at the end of 2019 were ¥5,377,956,227.73, an increase of 8.44% from the previous year[21] - The net assets attributable to shareholders increased by 33.02% to ¥3,866,155,443.24 at the end of 2019[21] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling approximately 26.52 million RMB[5] - The proposed cash dividend for 2019 is CNY 3 per 10 shares, maintaining a cash dividend ratio of around 50% over the past four years, totaling CNY 950 million in cash dividends from 2016 to 2019[49] - The total cash dividend for 2019 amounted to ¥265,208,021.40, representing 50.42% of the net profit attributable to ordinary shareholders[129] - The cash dividend per 10 shares is ¥3, with a total of 884,026,738 shares as the basis for distribution[130] - The total cash dividend accounted for 100% of the distributable profit of ¥348,632,242.27[130] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% market share by 2022[14] - Future guidance indicates a revenue growth target of 20% for 2020, driven by new product launches and market expansion[14] - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[14] - The company acquired 20% equity in San De Guan and 40% equity in Pu Nuo Wei, expanding its product offerings in FPC and IC carrier boards[33] - The company acquired a 60% stake in Dalian Electronics for ¥38,047,965.86 on October 1, 2019, indicating strategic expansion efforts[58] Research and Development - The company has allocated 10% of its annual revenue towards R&D, amounting to 120 million RMB for 2019[14] - R&D expenses increased by 28.20% in 2019, supporting the mass production of high-density, high-speed multilayer boards for supercomputers and 5G base stations[42] - The company holds a total of 1,136 patent applications, including 722 invention patents, leading the industry in technological innovation[35] - The number of R&D personnel increased by 16.24% to 587, representing 13.15% of the total workforce[68] Production and Sales - The company produced and sold 2.9289 million square meters of PCBs in 2019, achieving a production and sales rate of 100.01%[44] - In 2019, domestic sales revenue increased by 16.61% to CNY 983.72 million, while export revenue decreased by 2.91% to CNY 2,584.23 million, resulting in a domestic sales proportion increase of 3.50 percentage points to 27.57%[38] - The sales area of medium and large orders (over 20 square meters) accounted for 69.96% of total sales in 2019[39] - HDI product sales grew significantly by 50.13% compared to the previous year, with stable mass production achieved for high-density, high-speed multilayer boards used in supercomputers and 5G base stations[39] Risks and Challenges - The company has identified risks related to raw material price fluctuations and trade disputes, with mitigation strategies in place[5] - The company has faced risks from trade disputes and the COVID-19 pandemic, which could impact its operations and international trade[118] - The company's export revenue accounts for approximately 70%, primarily settled in USD, making it vulnerable to exchange rate fluctuations[115] - The company has implemented measures to mitigate exchange rate risks, including using USD loans domestically and increasing imports paid in USD[115] Environmental Responsibility - The company has implemented pollution control measures, ensuring compliance with various environmental standards[188] - The company has reported no instances of exceeding emission limits for any pollutants during the reporting period[184] - The company is committed to environmental protection and adheres to strict pollution discharge standards[188] - Shenzhen Chongda has a wastewater treatment plant with a design capacity of 3,000 m³/d, equipped with an online monitoring system connected to municipal platforms[189] Corporate Governance and Compliance - The company has made commitments to avoid and minimize related party transactions, ensuring fair pricing in such transactions[138] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[140] - The company has undergone three adjustments to accounting policies due to revisions in accounting standards effective from January 1, 2019[142] - The company maintained a good integrity status with no significant debts or court judgments unmet[153]

Financial Performance - The company's operating revenue for 2018 was ¥3,656,090,736.88, representing a 17.84% increase compared to ¥3,102,644,639.42 in 2017[32] - The net profit attributable to shareholders for 2018 was ¥560,569,557.30, which is a 26.28% increase from ¥443,903,084.29 in 2017[32] - The net cash flow from operating activities reached ¥937,752,311.00, marking a 30.66% increase from ¥717,718,817.19 in the previous year[32] - Basic earnings per share for 2018 were ¥0.6792, up 25.48% from ¥0.5413 in 2017[32] - Total assets at the end of 2018 amounted to ¥4,959,588,267.56, a slight increase of 0.33% from ¥4,943,075,389.96 at the end of 2017[32] - The net assets attributable to shareholders increased by 15.11% to ¥2,906,381,730.80 from ¥2,524,833,282.30 in 2017[32] - The company reported a weighted average return on equity of 20.99% for 2018, slightly up from 20.26% in 2017[32] - The net profit after deducting non-recurring gains and losses was ¥535,785,303.31, reflecting a 23.29% increase from ¥434,562,126.65 in 2017[32] Research and Development - The company’s R&D expenses increased by 29.12% year-on-year, exceeding the growth rates of both revenue and net profit[51] - Research and development investment increased by 29.12% to ¥169,851,559.09 in 2018 compared to ¥131,548,417.23 in 2017[81] - The company has developed several core technologies for high-layer PCB products, all of which are in mass production[72] - The company has implemented various self-developed technologies for HDI PCB products, which are also in mass production[74] - The company is focusing on expanding its market presence through new product development and technological advancements[74] - The company has developed multiple proprietary technologies, including high-precision deep drilling control technology and blind hole electroplating technology, all in mass production[76] - New product development includes high-density and high aspect ratio resin plug hole processes, currently in the sample stage[79] - The company is advancing the development of embedded component circuit boards, with technologies for embedded resistors and capacitors in the design phase[79] Market Position and Sales - The company ranked 32nd among the top 100 global PCB companies, improving by 7 positions from 2017[43] - The sales area of large batch orders (over 20 square meters) accounted for 70% of new order amounts in 2018[46] - The company has established stable business relationships with over 1,000 clients across more than 50 countries, indicating significant market potential[46] - The company’s high-frequency and high-speed multilayer boards and rigid-flex boards saw growth rates exceeding 50% in 2018[46] - Domestic sales accounted for 24.07% of total sales in 2018, with a year-on-year increase of 20.79%[52] Cash Flow and Investments - The company’s cash flow from operating activities for Q3 was CNY 279.44 million, showing a strong cash generation capability[36] - In 2018, the company's operating cash flow reached a historical high of 896 million RMB, significantly exceeding net profit, indicating strong cash flow[52] - Investment cash inflow surged by 332.39% to CNY 1,867,973,876.72, primarily due to the redemption of financial products[84] - Cash outflow from investment activities increased by 275.76% to CNY 2,958,470,027.04, mainly for purchasing financial products and equity transfer payments[84] - The net increase in cash and cash equivalents was CNY -860,380,016.58, a decline of 169.35% compared to the previous year[82] Dividend Policy - The company plans to distribute a cash dividend of ¥3.40 per 10 shares (including tax) to all shareholders[5] - In 2018, the total cash dividend amount was RMB 560,569,557.30, which represents 49.88% of the net profit attributable to ordinary shareholders[121] - The company has maintained a stable cash dividend policy of over 30% since 2010, with a proposed cash dividend of 3.40 RMB per 10 shares for 2018[56] - The company has committed to maintaining a minimum cash dividend ratio of 20% during profit distribution[123] Risks and Challenges - The company faces significant challenges due to uncertainties in US-China tariff policies, global economic slowdown, and rising raw material prices[106] - Raw material costs accounted for 72.75% of the company's main business costs in 2018, with significant reliance on materials like copper foil and copper-clad laminates[108] - The company’s foreign sales account for over 70% of its main business revenue, primarily settled in USD, making it sensitive to exchange rate fluctuations[109] Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[182] - The total discharge of total nitrogen is reported at 4832.23 kg, with a concentration of 12.73 mg/L[182] - The company has implemented measures to ensure compliance with local pollution discharge standards, with no reported exceedances[182] - The company has committed to enhancing its poverty alleviation efforts by providing more job opportunities for impoverished students[181] - The company has set up a scholarship fund named "Chongda Vocational Education Scholarship" to support students from impoverished backgrounds[181] Corporate Governance - The company has established a policy to avoid conflicts of interest and ensure fair pricing in related party transactions, protecting shareholder interests[132] - The company has committed to maintaining transparency and accountability in its financial disclosures, ensuring no misleading statements or omissions[132] - The company’s board of directors is required to approve any buyback plans, ensuring governance and oversight in financial decisions[130] Subsidiaries and Acquisitions - Shenzhen Chongda, a subsidiary, reported total assets of RMB 1,651,140,801.66 and net profit of RMB 166,467,656.33[101] - Jiangmen Chongda, another subsidiary, had total assets of RMB 2,489,288,840.32 and net profit of RMB 385,925,118.41[101] - The company invested 180 million RMB to acquire a 20% stake in Shenzhen San De Guan Precision Circuit Technology Co., Ltd., with plans to acquire an additional 40% stake within 12 months under certain conditions[196]

Financial Performance - The company's operating revenue for 2017 was ¥3,102,644,639.42, representing a 38.10% increase compared to ¥2,246,611,858.85 in 2016[21] - The net profit attributable to shareholders for 2017 was ¥443,903,084.29, an 18.14% increase from ¥375,753,398.13 in 2016[21] - The net cash flow from operating activities reached ¥717,718,817.19, up 58.23% from ¥453,593,261.81 in the previous year[21] - The total assets at the end of 2017 were ¥4,943,075,389.96, a 45.24% increase from ¥3,403,442,978.80 at the end of 2016[21] - The net assets attributable to shareholders increased by 19.82% to ¥2,524,833,282.30 from ¥2,107,115,271.35 in 2016[21] - The basic earnings per share for 2017 was ¥1.0827, reflecting a 7.34% increase from ¥1.0087 in 2016[21] - The weighted average return on equity was 20.26%, down from 27.48% in 2016, indicating a decrease of 7.22%[21] Cash Dividends - The company plans to distribute a cash dividend of ¥5.40 per 10 shares, with a total base of ¥410,000,000[5] - The cash dividend payout ratio for 2017 is 49.88% of the net profit attributable to ordinary shareholders, which is RMB 443,903,084.29[118] - The company distributed cash dividends of CNY 221.4 million to shareholders, maintaining a stable cash dividend ratio of over 30% since its restructuring[43] - In 2016, the company distributed cash dividends of RMB 4.5 per 10 shares, totaling RMB 184,500,000, which was 49.10% of the net profit[118] Business Operations - The company has not reported any changes in its main business since its listing[19] - The company achieved operating revenue of CNY 3.103 billion in 2017, representing a year-on-year growth of 38.10%[38] - The company’s cash flow from operating activities for Q4 was CNY 259.92 million, showing a significant increase from previous quarters[25] - In 2017, the sales revenue from medium and large batch orders (over 20㎡) accounted for 57% of total sales, with 70% of new orders being medium and large batch[34] - The company holds a total of 919 patent applications, including 518 domestic invention patents, positioning it as a leader in the PCB industry[35] - The company has over 1,000 customers across more than 50 countries, indicating substantial growth potential due to low supply ratios[35] Research and Development - Research and development (R&D) investment amounted to CNY 131,548,417.23, an increase of 9.13% compared to CNY 120,547,040.75 in the previous year[61] - The number of R&D personnel increased by 4.72% to 532, representing 13.24% of the total workforce[61] Production and Capacity - The production capacity utilization rate was close to 90%, with a sales-to-production ratio of 98% in 2017[41] - The company invested CNY 5.51 billion in the second phase of its Jiangmen facility, with an expected production capacity to be reached by the end of 2018[41][43] - The company plans to invest approximately CNY 25 billion in the Zhuhai facility, which will have an annual production capacity of 6.4 million square meters[43] Environmental Compliance - The company is compliant with environmental protection standards, with total emissions of pollutants such as total nickel at 21.16 kg and total copper at 18.77 kg[179] - The company has achieved compliance in various pollutant discharge standards, including COD at 56.07 mg/L and ammonia nitrogen at 9.16 mg/L[181] - The company has invested in pollution prevention facilities and measures, including a comprehensive wastewater treatment system and air pollution control systems, to ensure compliance with environmental standards[183] Shareholder Relations - The company has conducted multiple investor relations activities throughout 2017, including on-site research and communication with institutions[116] - The company reported a lock-up period of 12 months for shareholders, during which they cannot transfer or manage their shares[123] - The company has committed to measures to ensure that any dilution of immediate returns from fundraising will be compensated, including restrictions on personal consumption by directors and senior management[127] Subsidiaries and Acquisitions - The company established a wholly-owned subsidiary, Zhuhai Chongda Circuit Technology Co., Ltd., with a registered capital of CNY 10 million[54] - The company acquired 100% equity of Dalian Zhongrong Precision Components Co., Ltd., which has no production activities and mainly holds cash and intangible assets[138] Financial Management - The company has no overdue or unreturned amounts in its entrusted financial management, indicating a strong liquidity position[174] - The company has no significant litigation or arbitration matters during the reporting period[146] - The company has no major related party transactions during the reporting period[153]

Financial Performance - The company's operating revenue for 2016 was CNY 2,246,611,858.85, representing a 27.87% increase compared to CNY 1,756,941,800.28 in 2015[21]. - The net profit attributable to shareholders for 2016 was CNY 375,753,398.13, up 24.88% from CNY 300,882,339.66 in 2015[21]. - The basic earnings per share for 2016 was CNY 1.01, an increase of 20.24% from CNY 0.84 in 2015[21]. - The weighted average return on equity for 2016 was 27.48%, down from 32.12% in 2015[21]. - The gross profit margin for the main business was 35.1%, while the net profit margin stood at 16.7%, both indicating strong performance within the industry[38]. - The company reported a total of CNY 2.396 million in non-recurring gains and losses for the year, primarily from government subsidies and asset disposals[26]. Assets and Investments - Total assets at the end of 2016 reached CNY 3,403,442,978.80, a significant increase of 71.98% from CNY 1,978,954,644.20 at the end of 2015[21]. - The net assets attributable to shareholders increased by 103.10% to CNY 2,107,115,271.35 from CNY 1,037,501,873.22 in 2015[21]. - The company invested CNY 721 million in construction projects in 2016, a 68.9% increase compared to the previous year[43]. - The total investment amount for the reporting period was 981,860,000.00 RMB, a 1,390.24% increase from the previous year[66]. - The company completed a capital increase of 747,860,000.00 RMB in its subsidiary, Jiangmen Chongda, for PCB production[66]. Cash Flow - The net cash flow from operating activities was CNY 453,593,261.81, showing a slight decrease of 0.23% compared to CNY 454,630,607.13 in 2015[21]. - The net cash flow from operating activities for the first quarter was CNY 120.5 million, indicating strong cash generation capabilities[25]. - Operating cash inflow totaled ¥2,238,015,590.13, reflecting an 18.84% increase from the previous year[59]. - The net increase in cash and cash equivalents decreased by 195.96% to -18,621,717.13 RMB[61]. Customer and Market Growth - The company served 1,107 direct customers in 2016, an increase from 938 in 2015, reflecting a growing customer base[34]. - Domestic sales revenue grew by 31.4% to CNY 480.40 million, while export revenue increased by 26.8% to CNY 1.71 billion[43]. - The company has established partnerships with several Fortune 500 companies, enhancing its market position and customer quality[35]. Research and Development - R&D investment amounted to ¥120,547,040.75, a 29.25% increase compared to ¥93,269,184.39 in 2015, representing 5.37% of operating revenue[58]. - The number of R&D personnel increased by 34.75% to 508, accounting for 13.19% of the total workforce[58]. - The company holds a total of 393 patents, including 55 invention patents, showcasing its commitment to innovation and technology development[34]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 4.50 per 10 shares, totaling CNY 184,500,000[5]. - The company’s cash dividend policy has been consistent, with a significant increase in cash dividends from RMB 54 million in 2015 to RMB 184.5 million in 2016[90]. - The company plans to distribute a cash dividend of RMB 4.5 per 10 shares, totaling RMB 184.5 million for the year 2016, which represents 49.10% of the net profit attributable to shareholders[90]. Corporate Governance and Compliance - The company has maintained a strict governance structure in compliance with relevant laws and regulations, ensuring independent operation from its controlling shareholder[196]. - The company has established independent decision-making and supervisory bodies, including a shareholders' meeting, board of directors, and supervisory board[200]. - The company has not experienced any penalties or rectification situations during the reporting period[122]. Challenges and Market Outlook - The company faces significant challenges due to rising raw material prices, which account for about 60% of its main business costs[82]. - The global PCB market is expected to grow by approximately 2% in 2017, while the Chinese PCB market is projected to grow by 3%[81]. - The company aims to enhance its technology R&D and introduce high-tech products to mitigate the risks associated with rising material costs[82]. Employee and Management Structure - The total number of employees in the company is 3,790, with 1,994 in production, 1,137 in technology, and 125 in sales[190]. - The total remuneration for directors, supervisors, and senior management in 2016 amounted to 880.03 million CNY, with the highest being 153.41 million CNY for the chairman and general manager[188]. - The company has a stable management team with no significant changes in shareholding among senior executives[178]. Social Responsibility and Community Engagement - The company has made a cumulative donation of RMB 194.74 million for social welfare projects by the end of 2016[151]. - The company actively fulfills social responsibilities, maintaining environmental protection standards that exceed national requirements[149]. - The company has not published a social responsibility report during the reporting period[152].

Financial Performance - Operating revenue for the period was ¥925,323,237.44, a decrease of 3.33% year-on-year[8] - Net profit attributable to shareholders decreased by 17.70% to ¥125,509,470.79[8] - The net profit after deducting non-recurring gains and losses was ¥110,911,525.53, down 25.94% compared to the same period last year[8] - Basic earnings per share were ¥0.1472, a decline of 20.86% year-on-year[8] - The weighted average return on equity was 4.08%, down 34.28% from the previous year[8] - Total operating revenue for the third quarter was CNY 925,323,237.44, a decrease of 3.5% compared to CNY 957,235,894.96 in the previous year[49] - Net profit for the third quarter was CNY 125,509,470.79, down 17.7% from CNY 152,493,737.79 year-over-year[51] - The company's total equity increased to CNY 2,168,091,622.66, up from CNY 1,725,362,787.96 in the previous year, reflecting a growth of 25.7%[48] - The total profit for the quarter was CNY 437,131,334.42, compared to CNY 510,447,566.47 in the previous year, a decrease of about 14.3%[64] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,319,151,502.38, an increase of 7.25% compared to the previous year[8] - Net assets attributable to shareholders increased by 22.13% to ¥3,549,453,528.45[8] - Non-current assets totaled CNY 3,331,472,464.53, an increase of 14.4% from CNY 2,910,585,678.01 year-over-year[37] - Current liabilities increased to CNY 1,454,928,891.09, compared to CNY 1,336,993,347.81, marking an increase of 8.8%[39] - Total liabilities decreased to CNY 1,769,697,973.93 from CNY 2,053,206,536.76, reflecting a reduction of 13.8%[39] - The company's equity attributable to shareholders reached CNY 3,549,453,528.45, up from CNY 2,906,381,730.80, representing an increase of 22.1%[41] Cash Flow - The net cash flow from operating activities was ¥269,888,591.46, a decrease of 4.41% compared to the previous year[8] - Cash flow from operating activities generated ¥699,441,913.38, an increase from ¥615,594,706.42 in the previous period[76] - The net cash flow from financing activities was -¥90,161,219.68, an improvement from -¥654,156,961.96 in the previous period[76] - Net cash flow from operating activities was 606,088,340.12, a significant increase from 9,221,263.46 in the previous year[78] - The ending balance of cash and cash equivalents was 12,098,462.08, down from 40,838,946.04 year-over-year[80] Investments and Expenses - Long-term equity investments increased by 138.52%, attributed to growth in external investments[17] - Research and development expenses rose by 36.68%, reflecting increased investment in R&D[17] - Investment income surged by 257.20%, driven by recognized investment returns from invested entities[17] - Other income increased by 1283.74%, primarily due to a rise in government subsidies received[18] - Research and development expenses rose to CNY 55,716,251.42, an increase of 32.5% compared to CNY 42,077,554.64 in the previous year[49] - The company reported a decrease in tax expenses to CNY 15,459,218.68 from CNY 30,208,117.73, a reduction of 48.8% year-over-year[51] Shareholder Activities - The company unlocked 755,772 shares of restricted stock for 100 incentive recipients on July 16, 2019, as part of the 2018 restricted stock incentive plan[21] - The company repurchased and canceled 993,228 shares of restricted stock, completing the process on August 23, 2019[21] - The company acquired an additional 20% stake in Shenzhen Sande Crown Precision Circuit Technology Co., Ltd. for 180 million RMB, increasing its total ownership to 40%[21] - The company decided to redeem its convertible bonds at a price of 100.43 RMB per bond, effective October 23, 2019[24]

Financial Performance - Operating revenue for the period was ¥925,323,237.44, a decrease of 3.33% compared to the same period last year[8] - Net profit attributable to shareholders of the listed company was ¥125,509,470.79, down 17.70% year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥110,911,525.53, a decline of 25.94% compared to the previous year[8] - Basic earnings per share were ¥0.1472, representing a decrease of 20.86% year-on-year[8] - The weighted average return on net assets was 4.08%, down 34.28% compared to the previous year[8] - The company reported a net cash flow from operating activities of ¥266,568,303.97, a decrease of 4.61% compared to the same period last year[8] - Total operating revenue for the third quarter was CNY 925,323,237.44, a decrease of 3.5% compared to CNY 957,235,894.96 in the previous period[52] - Net profit for the third quarter was CNY 125,509,470.79, down 17.7% from CNY 152,493,737.79 in the same period last year[54] - The total comprehensive income for the period was CNY 390,384,957.34, down from CNY 432,960,846.41, reflecting a decrease of about 9.8%[69] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,319,151,502.38, an increase of 7.25% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company amounted to ¥3,549,453,528.45, reflecting a growth of 22.13% year-on-year[8] - Non-current assets totaled CNY 3,331,472,464.53, an increase of 14.4% from CNY 2,910,585,678.01 year-over-year[40] - Current liabilities increased to CNY 1,454,928,891.09, compared to CNY 1,336,993,347.81, marking an increase of 8.8%[42] - Long-term borrowings rose to CNY 82,802,307.90 from CNY 27,612,433.89, showing a significant increase of 199.5%[42] - The total liabilities decreased to CNY 1,769,697,973.93 from CNY 2,053,206,536.76, a reduction of 13.8%[42] Cash Flow - Cash received from investment activities increased by 104.58% to RMB 1,992,000,000.00, reflecting growth in redeemed financial products[23] - The company reported a significant increase in other income to CNY 16,848,446.59 from CNY 1,217,606.37 in the previous period[52] - The net cash flow from operating activities was 606,088,340.12, a significant increase compared to 9,221,263.46 in the previous year[82] - Cash inflow from investment activities totaled 253,000,000.00, slightly down from 255,000,000.00 year-over-year[82] - The net cash flow from investment activities was -336,562,958.30, compared to -16,780,231.69 in the same period last year, indicating increased investment outflows[82] - The net cash flow from financing activities was -272,064,939.46, compared to -768,270,870.00 in the same period last year, reflecting improved cash management[84] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,078[11] - The company unlocked 755,772 shares of restricted stock for 100 incentive recipients on July 16, 2019, as part of the 2018 restricted stock incentive plan[24] - The company repurchased and canceled 993,228 shares of restricted stock, completing the process on August 23, 2019[24] Investment and R&D - Research and development expenses rose by 36.68% to RMB 163,410,640.27, reflecting increased investment in R&D[18] - Investment income surged by 257.20% to RMB 54,443,913.52, attributed to the recognition of investment income from invested entities[18] - The company reported investment income of CNY 54,443,913.52, significantly higher than CNY 15,241,690.53 from the previous year, showing an increase of approximately 257.5%[65] Tax and Government Subsidies - Government subsidies recognized in the current period amounted to ¥24,835,413.18, contributing positively to the financial results[8] - The company reported a 39.67% decrease in income tax expenses to RMB 46,746,377.08, due to a decline in profits from subsidiaries[22] - Tax expenses decreased to CNY 15,459,218.68 from CNY 30,208,117.73 in the previous period, reflecting a reduction of 48.8%[54] Compliance and Commitments - The company reported no overdue commitments from controlling shareholders or related parties during the reporting period[31] - There were no violations regarding external guarantees during the reporting period[30]

证券代码：002815 证券简称：崇达技术 公告编号：2019-063 崇达技术股份有限公司 关于参加 2019 年深圳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。 为进一步加强与投资者的互动交流工作，崇达技术股份有限公司（以下简称 "公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的"改 革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资者网上集体接 待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司董事、副总经理、董事会秘书余忠先生和证券事务代表曹茜茜女士 将通过网络文字交流形式与投资者进行沟通。欢迎广大投资者积极参与。 特此公告。 崇达技术股份有限公司 董 事 会 二零一九年八月二十九日 ...

Financial Performance - The company's operating revenue for the first half of 2019 was approximately CNY 1.85 billion, representing a 2.02% increase compared to the same period last year[23]. - The net profit attributable to shareholders of the listed company was approximately CNY 264.88 million, a decrease of 5.56% year-on-year[23]. - The net cash flow from operating activities increased by 28.89% to approximately CNY 429.55 million[23]. - The total assets at the end of the reporting period were approximately CNY 5.06 billion, reflecting a 1.94% increase from the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were approximately CNY 2.92 billion, a slight increase of 0.54% compared to the end of the previous year[23]. - The basic earnings per share decreased by 5.88% to CNY 0.32[23]. - The weighted average return on net assets was 8.96%, down from 10.77% in the previous year[23]. - The company reported a decrease in other business income by 22.68%, down to RMB 60,001,484.85 from RMB 77,598,403.84, reflecting a shift in revenue sources[42]. - The gross profit margin for the printed circuit board segment was 29.51%, a decrease of 0.61% compared to the previous year[44]. - The company’s total investment during the reporting period was RMB 484,758,490, a substantial increase of 384.76% compared to RMB 100,000,000 in the same period last year[51]. Research and Development - The company’s R&D expenditure increased by 38.99% year-on-year, exceeding the growth rates of both sales revenue and net profit[37]. - Research and development expenses increased by 38.99% to RMB 107,694,388.85 from RMB 77,483,545.13, indicating a significant investment in innovation[41]. - The company has a total of 1,098 patent applications, including 684 invention patents, maintaining a leading position in the industry[34]. Sales and Market Performance - The sales area of large batch orders (over 20 square meters) accounted for 68.76% of total sales in the first half of 2019[38]. - The company’s high-frequency and high-speed board sales grew by 200.12% year-on-year, while the FPC segment achieved sales revenue of 582 million yuan, up 18.39% year-on-year, with a net profit of 76 million yuan, up 52.68% year-on-year[34]. - Domestic sales accounted for 29.05% of total sales revenue, an increase of 3.81% year-on-year, with domestic sales amounting to a year-on-year increase of 18.70%[37]. - The company has established stable business relationships with over 1,000 clients across more than 50 countries, including major clients in the 5G sector[34]. Investments and Acquisitions - The company’s long-term equity investments increased by 89.75% compared to the beginning of the year, primarily due to the acquisition of Sande Crown and Puno Wei[32]. - The company plans to invest 1 billion yuan in the first phase of the Zhuhai Chuangda Industrial Park project, which aims to produce 6.4 million square meters of PCBs annually[39]. - The acquisition of 40% equity in Puno Wei for RMB 94.76 million has been completed[53]. - The company plans to acquire an additional 20% stake in Shenzhen Sande Crown Precision Circuit Technology Co., Ltd. for a total of RMB 180 million, increasing its ownership to 40%[121]. Financial Management - The company has not engaged in any securities or derivative investments during the reporting period[55][56]. - The company has not changed the use of raised funds, with no funds transferred to other purposes[58]. - The remaining balance of raised funds is RMB 430.79 million, which will continue to be used for investment project expenditures[58]. - The company raised a net amount of RMB 789,840,000 from the issuance of convertible bonds, which will be used for headquarters operations, R&D center projects, and working capital[64]. - The company reported a current ratio of 133.37% and a quick ratio of 112.80%, both showing a decrease compared to the previous year[167]. - The total debt ratio increased slightly to 42.20% from 41.40% year-over-year[167]. - The company’s EBITDA interest coverage ratio improved to 19.55 from 18.34, indicating stronger earnings relative to interest expenses[167]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[109]. - Total nickel emissions were recorded at 13.47 kg, with a discharge concentration of 0.07 mg/L[109]. - Total copper emissions were recorded at 12.11 kg, adhering to GB21900-2008 standards[109]. - The company has established a wastewater treatment plant in Shenzhen with a design capacity of 3,000 m³/d, ensuring compliance with discharge standards after treatment[112]. - The company has implemented an online monitoring system for wastewater discharge, including parameters such as pH, chemical oxygen demand, and total copper, which is connected to local environmental platforms[113]. - The company has received environmental impact assessments and approvals for various construction projects, demonstrating compliance with environmental regulations[115][116][117]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period[82]. - The company maintains a good integrity status with no unfulfilled court judgments or significant overdue debts[85]. - The company has not reported any significant losses from leasing activities that would impact overall profitability[100]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[147]. - The total number of ordinary shareholders at the end of the reporting period was 28,884, with 10 shareholders holding more than 5% of the shares[139].

Revenue and Profit - The company's revenue for Q1 2019 was ¥905,616,467.26, representing a 3.33% increase compared to ¥876,442,215.54 in the same period last year[8] - Net profit attributable to shareholders decreased by 3.42% to ¥123,625,608.92 from ¥128,003,587.06 year-on-year[8] - Basic and diluted earnings per share fell by 4.74% to ¥0.1487 from ¥0.1561 in the same period last year[8] - Net profit for Q1 2019 was CNY 123,625,608.92, a decrease of 3.0% from CNY 128,003,587.06 in the previous year[49] - The total comprehensive income for the current period is -¥3,343,244.02, compared to -¥11,517,020.42 in the previous period[58] Cash Flow - The net cash flow from operating activities significantly increased by 95.99% to ¥272,070,861.98 compared to ¥138,816,727.89 in the previous year[8] - Cash flow from operating activities generated a net amount of ¥272,070,861.98, significantly higher than ¥138,816,727.89 in the previous period[61] - The total cash inflow from operating activities is ¥1,056,307,962.94, up from ¥880,984,727.64 in the previous period[61] - The net cash flow from operating activities for the first quarter was 35,226,673.57 CNY, a significant improvement compared to -792,984,500.49 CNY in the previous period[66] - The company reported a total cash outflow from operating activities of 27,776,960.19 CNY, compared to 833,987,097.72 CNY in the previous period[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,187,981,921.92, a 4.61% increase from ¥4,959,588,267.56 at the end of the previous year[8] - Total liabilities increased to CNY 2,148,653,388.75 from CNY 2,053,206,536.76, marking an increase of approximately 4.6%[37] - The company's equity attributable to shareholders rose to CNY 3,039,328,533.17 from CNY 2,906,381,730.80, reflecting an increase of about 4.6%[39] - Total assets as of Q1 2019 were CNY 2,732,859,232.29, up from CNY 2,666,941,951.03, representing a growth of 2.5%[46] - Total liabilities increased to CNY 1,001,518,494.90 from CNY 941,579,163.07, marking a rise of 6.4%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,285[10] - The largest shareholder, Jiang Xuefei, holds 59.68% of the shares, totaling 497,327,620 shares[11] - Net assets attributable to shareholders increased by 4.57% to ¥3,039,328,533.17 from ¥2,906,381,730.80 year-on-year[8] Expenses and Investments - Management expenses increased by 31% to ¥53,962,153.68, primarily due to the accrual of restricted stock incentive expenses[18] - R&D expenses grew by 32% to ¥49,265,785.69, indicating an increase in research and development investment[18] - Investment income surged by 320% to ¥17,678,004.72, driven by recognized investment income from associated companies[18] - Research and development expenses for Q1 2019 amounted to CNY 49,265,785.69, compared to CNY 37,380,278.48, indicating a significant increase of 31.8% year-over-year[47] Government Subsidies and Other Income - The company received government subsidies amounting to ¥4,729,110.79 during the reporting period[8] - Other income decreased by 52% to ¥4,729,110.79, mainly due to a reduction in government subsidies received[18] Cash and Cash Equivalents - Cash and cash equivalents increased by 43% to ¥747,162,332.83 due to growth in customer payments received[18] - The cash and cash equivalents increased to CNY 747,162,332.83 from CNY 522,880,294.55, representing a significant rise of about 42.9%[33] - The ending balance of cash and cash equivalents was 117,560,438.44 CNY, up from 9,279,116.57 CNY at the end of the previous period[68] Borrowings and Financial Activities - Short-term borrowings doubled to ¥287,862,043.77, reflecting an increase in bank short-term loans[18] - The total cash inflow from financing activities was 14,873,040.00 CNY, with no cash outflows reported for this period[68] - The company did not incur any debt repayment or dividend payments during the first quarter[68]

Financial Performance - The company's operating revenue for 2018 was ¥3,656,090,736.88, representing a 17.84% increase compared to ¥3,102,644,639.42 in 2017[22] - The net profit attributable to shareholders for 2018 was ¥560,569,557.30, a 26.28% increase from ¥443,903,084.29 in 2017[22] - The net cash flow from operating activities reached ¥895,948,955.99, up 27.84% from ¥700,862,714.08 in the previous year[22] - The basic earnings per share for 2018 was ¥0.6792, reflecting a 25.48% increase from ¥0.5413 in 2017[22] - The total assets at the end of 2018 were ¥4,959,588,267.56, a slight increase of 0.33% from ¥4,943,075,389.96 at the end of 2017[22] - The net assets attributable to shareholders increased by 15.11% to ¥2,906,381,730.80 from ¥2,524,833,282.30 in 2017[22] - The weighted average return on net assets for 2018 was 20.99%, slightly up from 20.26% in 2017[22] Cash Flow and Investments - The company reported a net increase in cash and cash equivalents of CNY -860,380,016.58, a decline of 169.35% from the previous year[71] - Investment cash inflow surged by 332.39% to CNY 1,867,973,876.72, primarily due to the redemption of financial products[73] - Total investment for the reporting period was CNY 480,000,000.00, a substantial increase of 380.00% compared to the previous year[77] - The company acquired a 20% stake in San De Guan for CNY 180,000,000.00, enhancing its investment portfolio[77] - The company has committed to invest RMB 153,770 million in various projects, with RMB 46,858.08 million utilized by the reporting period[84] Research and Development - The company holds a total of 1,058 patent applications, including 644 invention patents, indicating a strong focus on R&D[36] - In 2018, the company's R&D expenses increased by 29.12%, outpacing the growth of sales revenue and net profit[40] - R&D investment amounted to ¥169,851,559.09 in 2018, an increase of 29.12% compared to ¥131,548,417.23 in 2017[70] - The company has developed several core technologies, including high-voltage PCB modules and thick copper PCB design techniques, all of which are now in mass production[62][64] - The company is focusing on new product development in high-frequency and high-speed materials, aiming for mass production of high-end products to break through foreign technology monopolies[68] Market Position and Sales - The company ranked 32nd among the top 100 global PCB companies, improving by 7 positions from 2017[32] - The company’s products are exported to over 50 countries, with more than 70% of products sold overseas[31] - The company’s sales area for large batch orders (over 20 square meters) accounted for 70% of new order amounts in 2018[35] - The main business revenue from PCB was approximately 3.51 billion RMB, accounting for 96.18% of total revenue, with a growth of 17.46% year-on-year[48] Dividend Policy - The company plans to distribute a cash dividend of ¥3.40 per 10 shares (including tax) to all shareholders[6] - The total cash dividend amount for 2018 is yet to be finalized pending the approval of the distribution plan[112] - The company has a distributable profit of RMB 285,980,350.89 for the current period, with a minimum cash dividend ratio of 20% during profit distribution[112] - The cash dividend for 2017 was 49.88% of the net profit attributable to ordinary shareholders, while for 2016 it was 49.10%[110] Environmental and Social Responsibility - The company has reported total emissions of 14.70 kg for total nickel and 19.29 kg for total copper, adhering to local pollution discharge standards[175] - The company has implemented a plan to increase its poverty alleviation efforts by establishing partnerships with qualified schools[174] - The company plans to support 353 impoverished students in 2019 with a total funding of approximately 1 million RMB[173] - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[186] Corporate Governance and Compliance - The company guarantees that its IPO prospectus does not contain false records or misleading statements, and it will compensate investors for any losses incurred due to such issues[121] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[126] - The company has retained Ruihua Certified Public Accountants for 7 consecutive years, with an audit fee of 750,000 yuan for the current period[133] - The company has not faced any situations that could lead to suspension or termination of listing during the reporting period[134] Share Capital and Structure - As of the report period, the total number of shares increased to 831,240,858, with 9,754,000 new shares issued[198] - The company’s convertible bonds began conversion on June 21, 2018, with a total of 1,486,858 shares converted by the end of the reporting period[198] - The company completed the registration of 9.754 million restricted stock grants under the 2018 incentive plan[198] - The total number of unrestricted shares increased to 218,540,898, representing 26.29% of total shares[198]