1 证券代码：002815 证券简称：崇达技术 编号：2022-005 崇达技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | √ 业绩说明会 | | 投资者关系活动 | □ 新闻发布会 | □ 路演活动 | | 类别 | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 投资者网上提问 | | | 时间 | 2022 年 11 月 9 日 ( | 周三 ) 下午 14 ...

投资者关系活动记录表 证券代码：002815 证券简称：崇达技术 编号：2022-004 崇达技术股份有限公司 | --- | --- | --- | |----------------|-----------------------------------------|--------------------------------------------------------------------------------------------------------------------------------| | | 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | 类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | □ 其他 | | 参与单位名称 | 郡资产、韶夏资管等 | 招商基金、远致瑞信、兴全基金、北方信托、格力金投、金航基金、南方基金、睿 | | 时间 | 2022 年 8 月 30 日 | | | 地点 | 线上会议 | | | 上市公司接待人 | 董事会秘书：余忠 | | | 员姓名 | 证券法务总监：孙 ...

投资者关系活动记录表 证券代码：002815 证券简称：崇达技术 编号：2022-003 崇达技术股份有限公司 | --- | --- | |----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 特定对象调研 □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 □ 业绩说明会 | | 类别 | □ 新闻发布会 □ 路演活动 | | | □ 现场参观 □ 其他 | | 参与单位名称 | 华泰证券、盈峰投资、恒泰证券、睿郡资管、开源证券、浙商基金、中欧瑞博、中 道投资、广东省粤科金融集团有限公司 | | 时间 | 2022 年 8 月 25 日 -26 日 | | 地点 | 线上会议 | | 上市公司接待人 | 董事会秘书：余忠 | | 员姓名 | 证券法务总监：孙新 证券事务代表：朱琼华 | ...

证券代码：002815 证券简称：崇达技术 公告编号：2022-089 崇达技术股份有限公司 关于参加深圳辖区上市公司 2022 年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，崇达技术股份有限公司（以下简称"公 司"）将参加由深圳证监局指导、深圳上市公司协会与深圳市全景网络有限公司 联合举办的"2022 年深圳辖区上市公司投资者集体接待日活动"，现将相关事项 公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与 本次互动交流，活动时间为 2022 年 11 月 9 日（周三）16：30-17：30。届时公 司高管将在线就公司业绩、公司治理、发展战略、经营状况、融资计划、股权激 励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资 者踊跃参与！ 特此公告。 崇达技术股份有限公司 董 事 会 二〇二二年十月二十九日 ...

Financial Performance - The company's revenue for Q3 2022 was ¥1,447,770,444.81, a decrease of 17.97% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥180,645,450.09, down 15.06% year-on-year[5]. - The net profit excluding non-recurring gains and losses was ¥190,353,153.86, a decrease of 6.50% compared to the previous year[5]. - Total operating revenue for Q3 2022 was approximately CNY 4.49 billion, a slight increase from CNY 4.48 billion in Q3 2021, representing a growth of 0.02%[19]. - The net profit for Q3 2022 was CNY 536,052,800.59, an increase of 6.5% compared to CNY 505,029,842.15 in Q3 2021[20]. - The operating profit for Q3 2022 reached CNY 612,124,707.69, up from CNY 569,905,141.51 in the same period last year, reflecting a growth of 7.3%[20]. - The total comprehensive income for Q3 2022 was CNY 536,059,343.59, up from CNY 505,029,842.15 in the same quarter of the previous year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,211,887,649.72, an increase of 5.95% from the end of the previous year[5]. - Non-current assets totaled approximately CNY 5.16 billion, an increase from CNY 4.65 billion, representing a growth of about 10.93%[18]. - Total liabilities decreased slightly to approximately CNY 3.90 billion from CNY 3.95 billion, a reduction of about 1.07%[18]. - The company's equity attributable to shareholders increased to approximately CNY 4.91 billion from CNY 4.54 billion, reflecting a growth of about 7.99%[18]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥699,649,865.29, a decrease of 1.75% year-on-year[5]. - The cash flow from loans decreased by 38.52% to ¥169,018,516.20, down from ¥274,926,171.69, attributed to reduced bank borrowings[11]. - The company reported a net cash flow from financing activities of ¥94,246,044.66, a significant improvement compared to a negative cash flow of ¥177,289,197.17 in the previous year, marking a 153.16% change[11]. - The cash inflow from financing activities was CNY 575,891,138.20, compared to CNY 274,926,171.69 in the previous year, showing a significant increase[24]. - The cash and cash equivalents at the end of the period amounted to CNY 746,986,676.58, an increase from CNY 634,947,878.26 at the end of Q3 2021[24]. Investments - The net cash flow from investment activities was -¥654,710,096.33, an increase of 94.81% in outflows compared to the previous year[9]. - The company experienced a net cash outflow from investing activities of CNY -654,710,096.33, compared to CNY -336,076,241.84 in Q3 2021[24]. - The total cash received from investments was ¥406,872,622.00, reflecting a 100% increase due to capital increases from subsidiaries[11]. - The company reported a net investment loss of approximately CNY 18.17 million, compared to a gain of CNY 9.32 million in the previous year[19]. Shareholder Information - The number of common shareholders at the end of the reporting period was 38,074, with the largest shareholder holding 56% of the shares[12]. - The company’s major shareholder, Jiang Xuefei, holds 497,821,720 shares, representing 56% of the total shares[12]. - The total number of outstanding shares increased, with the share capital rising to approximately CNY 889 million from CNY 876 million, an increase of about 1.27%[18]. Other Financial Metrics - The weighted average return on equity was 3.76%, down 1.08% from the previous year[5]. - The company paid out dividends totaling ¥321,268,203.77, which is a 38.43% increase compared to ¥232,085,140.03 in the previous year[11]. - Research and development expenses increased significantly to approximately CNY 232.30 million, up from CNY 184.39 million, marking a rise of about 26%[19]. - Deferred tax assets increased to approximately CNY 53.56 million from CNY 46.07 million, reflecting a growth of about 16.5%[18]. - The accounts receivable rose to ¥1,337,365,709.68, up from ¥1,319,346,380.66, showing a slight increase of 1.36%[14]. - The inventory decreased to ¥736,397,244.59 from ¥915,018,596.59, representing a decline of about 19.5%[14]. - The company experienced a significant impact from exchange rate fluctuations, with a positive effect of ¥27,969,335.78 compared to a negative impact of ¥2,487,461.93 in the previous year, a change of 1224.41%[11].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥3,038,081,853.34, representing an increase of 11.90% compared to ¥2,715,092,346.83 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥313,496,253.16, up 27.81% from ¥245,291,588.55 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥319,375,987.17, reflecting a 39.75% increase from ¥228,527,391.94 in the same period last year[23]. - The basic earnings per share increased to ¥0.36, a rise of 28.57% compared to ¥0.28 in the previous year[23]. - The total assets at the end of the reporting period were ¥9,108,465,080.79, which is a 4.77% increase from ¥8,694,154,261.60 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were ¥4,713,651,124.98, up 3.74% from ¥4,543,880,882.82 at the end of the previous year[23]. - The net cash flow from operating activities was ¥410,873,442.07, showing a decrease of 5.01% compared to ¥432,551,044.52 in the same period last year[23]. - The weighted average return on equity was 6.73%, an increase of 1.01% from 5.72% in the previous year[23]. Revenue and Sales - The company achieved a year-on-year increase of 19.18% in domestic sales revenue, which now accounts for 42.45% of total sales revenue, indicating a shift towards domestic market expansion[38]. - Main business revenue was ¥2,862,444,210.50, accounting for 94.22% of total revenue, with a year-on-year growth of 11.09%[50]. - PCB board revenue was ¥2,629,091,747.39, representing 86.54% of total revenue, with a growth of 12.61% year-on-year[50]. - Export revenue was ¥1,748,382,485.33, making up 57.55% of total revenue, with a year-on-year increase of 7.07%[50]. - Gross profit margin for main business increased to 21.76%, up by 4.35% from the previous year[50]. Research and Development - R&D expenses for the first half of 2022 amounted to CNY 156 million, representing a year-on-year increase of 31.23%[46]. - The company has a total of 309 valid patents as of June 30, 2022, including 261 invention patents and 48 utility model patents[41]. - The company is actively developing high-end PCB products, focusing on 5G, automotive electronics, AI servers, and Mini LED technologies[46]. - The company has invested in high-end PCB product R&D, particularly in 5G high-frequency boards and AI server boards, to ensure stable growth in sales[36]. Operational Efficiency - The company has implemented a flexible production model, allowing for quick responses to diverse customer demands and optimizing production efficiency[33]. - The company utilizes advanced ERP systems and automated material management to control procurement and inventory effectively, enhancing cost management[32]. - The company’s internal and external sales structure is continuously optimized, improving its resilience against market fluctuations[38]. - The company has established a comprehensive product line including high-layer boards, HDI boards, and aluminum-based boards, continuously optimizing product structure to enhance competitiveness[36]. Risk Management - The company faces risks related to macroeconomic fluctuations, raw material price volatility, and trade friction, with corresponding mitigation strategies outlined[4]. - The company aims to enhance its technological capabilities and product offerings to counteract risks from trade disputes, particularly with the U.S.[87]. - Raw material costs account for approximately 70% of the company's expenses, making it vulnerable to price fluctuations in key materials[83]. - Approximately 60% of the company's revenue comes from exports, primarily settled in USD, exposing it to exchange rate risks[84]. Environmental Compliance - The company reported a total discharge of 12,359.90 kg of COD, with a concentration of 64.33 mg/L, adhering to the relevant pollution discharge standards[101]. - Total nitrogen discharge was recorded at 4,521.70 kg, with a concentration of 23.22 mg/L, within the permissible limits[101]. - The company has implemented measures to ensure no exceedance in the discharge of pollutants, as indicated by the absence of violations reported[101]. - The company is committed to continuous improvement in its environmental performance and compliance with pollution discharge standards[101]. Corporate Governance - The company held its first extraordinary general meeting of 2022 on February 16, with an investor participation rate of 66.89%[90]. - The annual general meeting on May 10, 2022, had a participation rate of 66.37%[90]. - The company plans to grant 17.51 million restricted stocks under the 2022 incentive plan, representing 2.00% of the total share capital[93]. - The total expense to be amortized for the granted restricted stocks is 80.78 million CNY, with 26.57 million CNY allocated for 2022[98]. Financial Position - The company's current ratio improved to 1.69 from 1.64, reflecting a 3.05% increase year-over-year, while the debt-to-asset ratio decreased to 43.78% from 45.41%[177]. - The company maintained a cash interest coverage ratio of 14.51, slightly up from 14.34, demonstrating stable cash flow management[179]. - The total assets of the company were reported at CNY 4,000,591,160.94, down from CNY 4,170,351,776.36, indicating a decrease of 4.1%[194]. - The total liabilities rose to CNY 1,587,318,631.94, compared to CNY 1,483,794,143.86 in the previous year, marking an increase of 7%[194].

Financial Performance - The company's revenue for Q1 2022 was CNY 1,502,142,252, representing a 15.61% increase compared to CNY 1,299,335,454.61 in the same period last year[2]. - Net profit attributable to shareholders was CNY 157,379,645.37, up 28.20% from CNY 122,758,557.49 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was CNY 155,831,019.76, reflecting a 40.07% increase from CNY 111,255,425.84 in the previous year[2]. - Total operating revenue for Q1 2022 was CNY 1,502,142,252, an increase from CNY 1,299,335,454 in Q1 2021, representing a growth of approximately 15.6%[19]. - Net profit for Q1 2022 reached CNY 172,260,134, compared to CNY 138,009,951 in the same period last year, marking an increase of about 24.8%[21]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.1780, up from CNY 0.1391 in Q1 2021[23]. - The total operating costs for Q1 2022 were CNY 1,299,312,077, compared to CNY 1,154,971,097 in Q1 2021, indicating an increase of about 12.5%[19]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 8,815,171,426.63, a 1.39% increase from CNY 8,694,154,261.60 at the end of the previous year[2]. - The total liabilities amounted to CNY 1,487,626,274.46, slightly up from CNY 1,476,811,100.46 in the previous quarter[18]. - The total equity attributable to shareholders of the parent company increased to CNY 4,701,259,755.28 from CNY 4,543,880,882.82, reflecting a growth of approximately 3.5%[18]. - The company's accounts receivable as of March 31, 2022, are ¥1,285,656,551.66, slightly down from ¥1,319,346,380.66 at the beginning of the year[12]. - The company's inventory as of March 31, 2022, is ¥936,237,492.18, compared to ¥915,018,596.59 at the beginning of the year[14]. - The company reported a total current assets of ¥4,019,173,452.95 as of March 31, 2022, a slight decrease from ¥4,039,987,012.01 at the beginning of the year[14]. Cash Flow - Cash flow from operating activities was CNY 161,561,413.30, down 18.87% from CNY 199,134,881.58 in the previous year[2]. - The net cash flow from operating activities for the current period is ¥161,561,413.30, a decrease of 18.9% compared to ¥199,134,881.58 in the previous period[26]. - Total cash inflow from operating activities is ¥1,425,147,718.44, an increase of 4.8% from ¥1,360,111,443.19 in the previous period[26]. - Cash outflow from operating activities totaled ¥1,263,586,305.14, up 8.8% from ¥1,160,976,561.61 in the previous period[26]. - Cash flow from investment activities generated a net inflow of ¥229,301,172.37, compared to a net outflow of ¥148,804,878.90 in the previous period[26]. - Cash inflow from investment activities was ¥959,974,285.72, down 7.6% from ¥1,038,884,008.79 in the previous period[26]. - Cash outflow from investment activities decreased to ¥730,673,113.35 from ¥1,187,688,887.69, a reduction of 38.5%[26]. - Cash flow from financing activities resulted in a net inflow of ¥482,797.81, down 99.5% from ¥103,838,835.41 in the previous period[26]. - The ending balance of cash and cash equivalents is ¥969,646,359.87, an increase from ¥745,499,495.86 in the previous period[26]. - The company reported a significant increase in cash received from sales and services, totaling ¥1,209,477,128.27, compared to ¥1,081,149,543.39 in the previous period[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,556[8]. - The largest shareholder, Jiang Xuefei, holds 56.85% of the shares, totaling 497,821,720 shares[8]. - Jiang Xuefei and Zhu Xuehua are identified as the controlling shareholders, with familial ties influencing the ownership structure[10]. Government Subsidies and Taxation - The company received government subsidies amounting to CNY 3,628,382.39, which is closely related to its normal business operations[3]. - The company reported a 61.22% increase in income tax expenses, amounting to CNY 30,059,477.66, compared to CNY 18,645,458.86 in the previous year[5]. - The company paid ¥56,265,559.41 in taxes, an increase of 41.0% compared to ¥39,881,810.65 in the previous period[26]. Future Plans - The company plans to raise up to ¥200 million through a non-public offering of shares to fund a new circuit board project[11]. - The company has received feedback from the China Securities Regulatory Commission regarding its non-public offering application, which is still pending approval[11].

Financial Performance - The company's operating revenue for 2021 was CNY 5,995,769,518.49, representing a 37.27% increase from CNY 4,367,714,599.51 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 553,871,774.83, a 25.70% increase compared to CNY 440,619,182.23 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 521,405,011.94, up 32.85% from CNY 392,483,769.75 in 2020[24]. - The net cash flow from operating activities reached CNY 1,223,432,417.58, a significant increase of 132.39% from CNY 526,466,567.60 in 2020[24]. - The total assets at the end of 2021 were CNY 8,694,154,261.60, reflecting a 13.15% increase from CNY 7,683,984,221.64 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were CNY 4,543,880,882.82, an increase of 8.27% from CNY 4,196,722,795.60 at the end of 2020[24]. - The company reported a basic earnings per share of CNY 0.63 for 2021, up 26.00% from CNY 0.50 in 2020[24]. - The company achieved a net profit growth of 206.15% in 2021, with revenue from the 5G RF market showing significant growth[54]. - The gross profit margin for the printed circuit board segment was 21.98%, a decrease of 1.50% from the previous year[68]. Dividend Policy - The company plans to distribute a cash dividend of 3.10 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[6]. - The proposed cash dividend for the 2021 fiscal year is RMB 3.1 per 10 shares, subject to approval at the annual shareholders' meeting[192]. - The company has a profit distribution policy that emphasizes cash dividends as a key form of investor return, aligning with shareholder interests[185]. - The company plans to maintain a minimum cash dividend ratio of 20% in profit distributions during its growth phase[191]. Research and Development - The company reported a significant focus on R&D for new products and technologies, aiming to enhance its competitive edge in the PCB market[17]. - The company invested CNY 262 million in R&D in 2021, focusing on high-end PCB products such as 5G and AI server circuit boards[63]. - The number of R&D personnel increased by 19.32% from 761 in 2020 to 908 in 2021, with R&D personnel now making up 15.09% of the total workforce[81]. - Research and development (R&D) expenses for 2021 were approximately ¥262.27 million, a slight decrease of 1.37% from ¥265.93 million in 2020[82]. - The company completed several key R&D projects, including the development of circuit boards for automotive electronics and AI servers, enhancing its competitive edge in these markets[81]. Market Expansion and Strategy - The company maintains a strong commitment to market expansion, particularly in the flexible PCB and integrated circuit substrate segments[17]. - The company has established partnerships with major clients in the 5G sector, including ZTE and Intel, enhancing its market position[55]. - The company has a diversified customer base, which helps to reduce dependency on any single market or client[116]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million RMB allocated for potential deals[162]. - The company plans to expand its production capacity in Zhuhai, with a designed annual capacity of 640 million square meters, supporting future growth[59]. Risk Management - The company has identified potential risks related to macroeconomic fluctuations and raw material price volatility, along with strategies to mitigate these risks[6]. - Raw material costs account for approximately 70% of the company's total costs, with significant reliance on copper and other materials, making it vulnerable to price fluctuations[120]. - Approximately 60% of the company's revenue comes from exports, primarily settled in USD, exposing it to exchange rate risks[121]. - The company has implemented measures to manage exchange rate risks, including using USD loans and increasing domestic market orders[121]. Corporate Governance - The company is committed to transparent governance and protecting the rights of all shareholders, particularly minority shareholders[129]. - The company has established an internal audit system to enhance operational compliance and protect shareholder rights[139]. - The company emphasizes the independence of its board and supervisory board, ensuring no major discrepancies with legal regulations[139]. - The company has independent financial management, with a dedicated accounting department and no interference from controlling shareholders[143]. - The company has a clear performance evaluation and incentive mechanism for its directors and senior management[135]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs[162]. - The company utilizes advanced ERP systems and smart manufacturing technologies to enhance production efficiency and management capabilities[52]. - The company has a plan to enhance operational efficiency and reduce costs through group management and benchmarking across factories[120]. Employee Management - The total number of employees at the end of the reporting period was 6,019, with 3,612 in production, 1,646 in technology, and 950 with bachelor's degrees[181]. - The company has a structured training program aimed at improving employee skills and safety management[183]. - The company has no outsourced labor, indicating a focus on in-house capabilities[185]. - The company reported a significant increase in employee compensation payments, rising by 31.74% to CNY 896,558,246.01 due to an increase in workforce[84]. Financial Compliance - The company has engaged Tianjian Accounting Firm for auditing services, ensuring compliance with financial regulations[23]. - The company’s financial report has been verified for accuracy and completeness by its management team, ensuring transparency for investors[5]. - The company has not encountered any issues or other circumstances regarding the use and disclosure of raised funds[108].

Revenue and Profit - Revenue for Q3 2021 reached ¥1,764,906,672.73, an increase of 56.98% year-over-year, with total revenue for the year-to-date at ¥4,479,999,019.56, up 36.09% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥212,684,799.57, representing a 101.63% increase year-over-year, with a year-to-date net profit of ¥457,976,388.12, up 22.07%[3] - Basic earnings per share for Q3 2021 was ¥0.2421, a 102.60% increase compared to the same period last year, with year-to-date earnings per share at ¥0.5221, up 22.99%[3] - Total operating revenue for Q3 2021 reached ¥4,479,999,019.56, an increase of 36.2% compared to ¥3,291,827,830.28 in the same period last year[24] - Net profit for Q3 2021 was ¥505,029,842.15, representing a 35.4% increase from ¥372,732,066.96 in Q3 2020[26] - The total comprehensive income attributable to the parent company was approximately CNY 457.98 million, compared to CNY 375.16 million in the previous period, representing an increase of 22.0%[28] - Basic and diluted earnings per share increased to CNY 0.5221 from CNY 0.4245, reflecting a growth of 23.1%[28] Assets and Liabilities - Total assets as of September 30, 2021, were ¥8,516,366,844.10, reflecting a 10.83% increase from the end of the previous year[3] - The company's total liabilities increased to ¥3,876,757,031.51, up from ¥3,334,106,933.35 year-over-year, reflecting a growth of 16.3%[23] - Total assets amounted to CNY 7,683,984,221.64, with a decrease of CNY 89,831,039.29 compared to the previous period[36] - Non-current assets totaled CNY 4,108,317,050.73, reflecting a decrease of CNY 89,831,039.29[36] - Total liabilities reached CNY 3,334,106,933.35, down by CNY 89,831,039.29 from the last reporting period[40] - Current liabilities were CNY 1,976,922,179.18, showing a decrease of CNY 15,681,612.09[36] - Long-term borrowings and bonds payable amounted to CNY 1,254,188,552.58, with no changes reported[40] - Owner's equity totaled CNY 4,349,877,288.29, remaining stable compared to the previous period[40] Cash Flow - Cash flow from operating activities for the year-to-date was ¥712,108,567.50, showing an increase of 80.41% compared to the same period last year[3] - Cash flow from operating activities generated CNY 3.96 billion, up from CNY 2.85 billion, indicating a growth of 38.9%[29] - Net cash flow from operating activities was CNY 712.11 million, compared to CNY 394.73 million, marking an increase of 80.5%[31] - Cash inflow from investment activities totaled CNY 2.83 billion, compared to CNY 2.29 billion, an increase of 23.8%[31] - The net cash flow from investment activities was negative at CNY -336.08 million, an improvement from CNY -1.27 billion in the previous period[31] - Cash inflow from financing activities was CNY 274.93 million, down from CNY 1.77 billion, a decrease of 84.5%[31] - The company reported a net increase in cash and cash equivalents of CNY 196.26 million, compared to CNY 58.29 million in the previous period, an increase of 236.5%[33] Expenses and Financial Performance - Financial expenses surged by 179.30% to ¥49,792,314.64, primarily due to accrued convertible bond interest[10] - Income tax expenses rose by 84.81% to ¥65,079,594.45, attributed to profit growth and corresponding tax provisions[12] - The company's total operating costs for Q3 2021 were ¥3,883,217,377.19, which is a 32.0% increase from ¥2,938,708,695.34 in Q3 2020[24] - Research and development expenses for Q3 2021 were ¥184,388,699.29, a decrease of 12.3% from ¥209,993,358.81 in Q3 2020[24] Shareholder Information - The number of common shareholders at the end of the reporting period was 46,193, with the largest shareholder holding 56.85% of the shares[13] - The net profit attributable to minority shareholders surged by 2035.13% to ¥47,053,454.03, driven by the consolidation of Punowei and its profit growth during the same period[12] Other Financial Metrics - The weighted average return on equity for the year-to-date was 10.56%, an increase of 11.05% year-over-year[3] - The company recognized government subsidies amounting to ¥10,425,483.73 in Q3 2021, contributing to the overall profit[7] - The company reported a significant increase in accounts receivable, which rose by 55.16% to ¥1,456,706,517.13, attributed to sales growth[8] - Inventory increased by 39.64% to ¥823,738,518.63, also due to sales growth[8] - The company reported a significant increase in accounts payable, which reached ¥1,448,898,646.59, up from ¥1,015,293,672.07, reflecting a growth of 42.7%[23] - The company’s deferred income decreased to ¥92,658,299.51 from ¥102,584,222.94, a decline of 9.0% year-over-year[23] - The company holds long-term equity investments valued at CNY 469,152,030.28[36] Audit and Reporting - The report for the third quarter was not audited, indicating preliminary figures[42] - The company has implemented the new leasing standards from January 1, 2021, affecting asset and liability adjustments[40]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,715,092,346.83, representing a 25.26% increase compared to ¥2,167,554,977.68 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 9.04% to ¥245,291,588.55 from ¥269,682,015.72 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥228,527,391.94, down 6.69% from ¥244,914,257.37 in the same period last year[23]. - The net cash flow from operating activities increased by 17.61% to ¥432,551,044.52, compared to ¥367,791,019.06 in the previous year[23]. - Total assets at the end of the reporting period were ¥8,200,769,059.64, a 6.73% increase from ¥7,683,984,221.64 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 0.92% to ¥4,235,154,113.60 from ¥4,196,722,795.60 at the end of the previous year[23]. - Basic earnings per share decreased by 9.68% to ¥0.28 from ¥0.31 in the same period last year[23]. - Diluted earnings per share also decreased by 9.68% to ¥0.28 from ¥0.31 in the previous year[23]. - The weighted average return on net assets was 5.72%, down from 6.82% in the previous year, a decrease of 1.10%[23]. Market and Industry Insights - The global PCB market is projected to reach 86.3 billion USD by 2025, with a compound annual growth rate (CAGR) of 5.8% from 2020 to 2025[40]. - The PCB market in mainland China is expected to reach 46.12 billion USD by 2025, maintaining a stable market share with a CAGR of 5.6%[42]. - The demand for HDI and packaging substrates is expected to drive significant growth in the PCB industry, with projected CAGRs of 9.7% and 6.7% respectively from 2020 to 2025[46]. Sales and Production - The company's domestic sales revenue grew by 26.66% year-on-year, with the domestic market share reaching 36.63%[35]. - The company's high-end PCB products saw a sales area increase of 21.07% in the first half of 2021, with HDI products experiencing a significant growth of 36.99%[52]. - The company achieved a production and sales area of 2.3738 million square meters and 2.31 million square meters respectively in the first half of 2021, with a sales volume increase of 33.77%[55]. - The company's export revenue reached CNY 1,632,908,645.69, accounting for 60.14% of total revenue, with a year-on-year growth of 21.22%[63]. Research and Development - Research and development expenses for the first half of 2021 amounted to CNY 119 million, focusing on 5G-related products and applications in communication transmission networks, core networks, and data centers[59]. - The company plans to continue increasing investment in R&D for 5G products to enhance overall competitiveness and production capabilities[59]. Environmental Compliance - The company reported a total nitrogen discharge of 2,377.05 kg, which is below the approved limit of 15,840 kg[95]. - The total phosphorus discharge was recorded at 92.83 kg, with no exceedance of the discharge standards[95]. - The company achieved a total copper discharge of 8.25 kg, compliant with the relevant pollution discharge standards[95]. - The total chemical oxygen demand (COD) was 16,046.63 kg, significantly below the approved limit of 63,360 kg[95]. - The company has implemented strict pollution control measures, resulting in no exceedance of discharge limits for various pollutants[95]. - The company is actively monitoring and managing its environmental impact, ensuring compliance with national standards[95]. Financial Management and Investments - The total amount of guarantees provided by the company during the reporting period reached CNY 401,800.5 million, with an actual guarantee amount of CNY 26,200 million[132]. - The company has entrusted financial management with a total amount of CNY 102,000 million, with an outstanding balance of CNY 65,000 million[135]. - The company decided to deregister its wholly-owned subsidiary Nantong Chongda, which had not commenced operations, to concentrate resources on strengthening its IC carrier board business[139]. Shareholder and Equity Information - The total number of shares decreased from 882,546,777 to 875,638,316, a reduction of 6,908,461 shares, representing a decrease of approximately 0.78%[144]. - The number of restricted shares held by shareholders decreased by 12,705,825 shares, from 458,648,376 to 445,942,551, a reduction of about 2.77%[146]. - The company repurchased and canceled 6,911,100 shares of restricted stock on June 1, 2021[147]. - The largest shareholder, Jiang Xuefei, holds 56.85% of the shares, totaling 497,821,720 shares[150]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and industry cycles, which could impact profitability if economic recovery slows[80]. - The company's raw material costs account for approximately 70% of total costs, significantly influenced by copper, oil, and gold prices, which poses a risk to operational performance if prices fluctuate dramatically[81]. - Foreign sales contribute about 60% of the company's revenue, primarily settled in USD, making the company vulnerable to exchange rate fluctuations, particularly with the appreciation of the RMB[81].