Financial Performance - The company's revenue for Q1 2021 was CNY 1,299,335,454.61, representing a 39.37% increase compared to CNY 932,275,526.06 in the same period last year[8]. - Net profit attributable to shareholders decreased by 2.27% to CNY 122,758,557.49 from CNY 125,611,393.37 year-on-year[8]. - The net profit after deducting non-recurring gains and losses increased by 6.44% to CNY 111,255,425.84 compared to CNY 104,524,906.17 in the previous year[8]. - The basic earnings per share for the period was CNY 0.1391, a decrease of 2.11% from CNY 0.1421 in the same period last year[8]. - The weighted average return on net assets was 2.88%, down from 3.20% in the previous year[8]. - The company reported a net profit of CNY 1,931,615,872.54, up from CNY 1,809,565,457.01, indicating an increase of approximately 6.7% year-over-year[49]. - Net profit for Q1 2021 was CNY 138,009,951.24, compared to CNY 124,763,757.26 in the previous year, reflecting an increase of approximately 10.5%[58]. - The total comprehensive income for Q1 2021 was CNY 138,009,951.24, up from CNY 124,763,757.26, reflecting an increase of approximately 10.5%[60]. - The company's total comprehensive income for the quarter was CNY -12,675,786.86, reflecting a significant decline compared to CNY 478,201.46 in the previous year[65]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 199,134,881.58, down 6.88% from CNY 213,840,225.19 in the same period last year[8]. - Cash received from customers in Q1 2021 was RMB 1,081,149,543.39, a 32.48% increase from RMB 816,063,924.05 in Q1 2020, indicating growth in customer payments[19]. - The company's cash flow from operating activities saw a significant increase of 224.01%, reaching RMB 223,711,698.05, due to the release of bank acceptance deposits[20]. - Total cash inflow from operating activities was CNY 1,360,111,443.19, up from CNY 934,271,521.01 in the prior year, reflecting a growth of approximately 45.7%[69]. - Cash and cash equivalents were reported at CNY 744,259,282.98, up from CNY 591,519,709.94, indicating a significant increase of about 25.8%[43]. - Cash and cash equivalents at the end of the period totaled CNY 745,499,495.86, an increase from CNY 529,878,903.75 at the end of the previous year[70]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,804,314,322.50, a 1.57% increase from CNY 7,683,984,221.64 at the end of the previous year[8]. - Total current assets as of March 31, 2021, amounted to CNY 3,588,084,784.59, slightly up from CNY 3,575,667,170.91 in the previous year[43]. - Total non-current assets reached CNY 4,216,229,537.91, compared to CNY 4,108,317,050.73, indicating an increase of about 2.6%[45]. - Total liabilities decreased to CNY 3,305,121,110.82 from CNY 3,334,106,933.35, showing a reduction of about 0.9%[49]. - Short-term borrowings increased to CNY 278,506,234.34 from CNY 171,834,813.68, representing a growth of about 62%[45]. - The total liabilities increased to 3,423,937,972.64 CNY, with a notable rise in non-current liabilities due to the inclusion of lease liabilities[77]. Expenses and Costs - Operating costs for Q1 2021 were RMB 980,084,113.80, reflecting a 42.94% increase from RMB 685,659,959.66 in Q1 2020, corresponding to the rise in sales revenue[17]. - The company experienced a 248.50% increase in financial expenses, totaling RMB 12,793,337.83, primarily due to interest on convertible bonds[19]. - The company’s management expenses increased by 31.83% to RMB 70,741,177.07, largely due to the consolidation of Puno Wei[19]. - Research and development expenses for Q1 2021 were CNY 59,024,033.48, an increase from CNY 53,684,203.90, marking a growth of approximately 9.3%[56]. - The company's financial expenses increased to CNY 12,793,337.83 from a negative CNY 8,614,984.65, indicating a significant change in financial costs[56]. Shareholder Information - The company reported a total of 45,697 shareholders at the end of the reporting period[12]. - The company terminated the 2018 Restricted Stock Incentive Plan and will repurchase and cancel 6,911,100 unvested restricted shares due to difficulties in achieving the intended incentive effects[22]. - The termination of the stock incentive plan will result in an accelerated recognition of share-based payment expenses of approximately RMB 9.719 million in 2021[23]. Investments and Financing - The company raised a total of RMB 14 billion through the issuance of "Chongda Zuan 2" convertible bonds, with a net amount of RMB 138,357.86 million after deducting issuance costs[34]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[28]. - The company utilized RMB 12 million of idle raised funds to temporarily supplement working capital[33]. - The company reported a cash inflow from investment activities of CNY 1,038,884,008.79, down from CNY 1,273,490,529.48 in the previous year[69].

Financial Performance - The company's operating revenue for 2020 was ¥4,367,714,599.51, an increase of 17.18% compared to ¥3,727,450,770.41 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥440,619,182.23, a decrease of 16.24% from ¥526,048,757.38 in 2019[21]. - The net profit after deducting non-recurring gains and losses was ¥392,483,769.75, down 21.09% from ¥497,366,341.58 in 2019[21]. - The net cash flow from operating activities was ¥526,466,567.60, a decline of 33.14% compared to ¥787,453,828.98 in 2019[21]. - The total assets at the end of 2020 were ¥7,683,984,221.64, representing a 42.88% increase from ¥5,377,956,227.73 at the end of 2019[21]. - The net assets attributable to shareholders at the end of 2020 were ¥4,196,722,795.60, an increase of 8.55% from ¥3,866,155,443.24 at the end of 2019[21]. - The company's internal sales revenue grew by 58.17% in 2020, with the internal sales market share increasing by 9.51 percentage points[32]. - The company reported a total of ¥49,970,463.02 in government subsidies for 2020, compared to ¥27,625,790.87 in 2019[26]. - The gross profit margin for printed circuit boards was 23.49%, a decrease of 4.06% from the previous year[73]. - In 2020, the company achieved operating revenue of 4.368 billion RMB, a year-on-year increase of 17.18%, while net profit attributable to shareholders was 441 million RMB, a decrease of 16.24% due to various factors including the impact of COVID-19 on associated companies[52]. Research and Development - The company has a strong focus on research and development, particularly in the fields of PCB and FPC technologies, to drive innovation[12]. - R&D expenses increased by 22.12% in 2020, with a focus on 5G-related products, enhancing the company's overall R&D capabilities[58]. - Research and development investment increased by 22.12% to ¥265,928,655.07 in 2020, with R&D personnel rising by 29.64% to 761[86]. - The proportion of R&D investment to operating revenue rose to 6.09% in 2020 from 5.84% in 2019[86]. - The company holds 264 patents, including 198 invention patents, positioning it as a leader in the industry[49]. - The company has applied for a total of 1,248 patents, indicating a strong commitment to innovation[57]. Market Position and Strategy - The global PCB market size reached $652.2 billion in 2020, with a year-on-year growth of 6.4%[36]. - The PCB market in mainland China is projected to reach $461.2 billion by 2025, with a compound annual growth rate (CAGR) of 5.6% from 2020 to 2025[38]. - The demand for packaging substrates and HDI boards is expected to grow at CAGRs of 9.7% and 6.7%, respectively, from 2020 to 2025[42]. - The company has established a strong competitive position in the PCB market, consistently ranking among the top PCB companies in China and globally[43]. - The company has expanded its product line by acquiring stakes in other firms, enhancing its capabilities in IC substrates and FPC[47]. - The company has diversified its customer base across various industries, effectively mitigating operational risks[48]. Operational Efficiency - The company adopted a flexible production model to respond quickly to diverse customer demands[34]. - The company has implemented an advanced ERP system and flexible production lines, leading to high production efficiency[46]. - The company produced and sold 3.678 million square meters of PCBs in 2020, with a year-on-year sales increase of 24.90% and a production and sales rate of 96.89%[59]. - The company has established a sales department divided into eight industry groups to better manage customer relationships and orders[32]. Cash Flow and Financing - The company reported a net cash flow from operating activities of ¥526,466,567.60 in 2020, a decrease of 33.14% compared to ¥787,453,828.98 in 2019[87]. - Total cash inflow from financing activities surged by 320.36% to ¥1,688,505,783.54 in 2020, compared to ¥401,683,580.50 in 2019[87]. - The company achieved a total operating cash inflow of ¥4,012,240,099.30, reflecting a growth of 13.27% from ¥3,542,284,288.85 in the previous year[87]. - The net increase in cash and cash equivalents was ¥224,642,428.30, a significant improvement of 173.53% from a decrease of ¥305,504,322.94 in 2019[87]. - The company issued convertible bonds, resulting in cash inflow of ¥1,386,000,000.00, marking a 100% increase in financing activities[89]. Environmental Compliance - Total nickel emissions were reported at 17.47 kg, with a concentration of 0.028 mg/L, complying with the discharge standards[184]. - Total nitrogen emissions reached 14,529.34 kg, with a concentration of 23.9 mg/L, indicating adherence to environmental regulations[188]. - Total phosphorus emissions were recorded at 407.17 kg, with a concentration of 0.76 mg/L, meeting the required discharge limits[188]. - The company has established a wastewater treatment plant in Shenzhen with a design capacity of 3,000 m³/d, which integrates various wastewater pre-treatment processes before discharging into the municipal pipeline[190]. - The company has implemented an online monitoring system for wastewater discharge, including parameters such as pH and chemical oxygen demand, which is connected to national monitoring platforms[190]. Corporate Governance - The company has engaged Tianjian Accounting Firm for auditing, ensuring compliance and transparency in financial reporting[20]. - The company has established a strategic partnership with CITIC Securities for continuous supervision, indicating a commitment to governance and investor relations[20]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[153]. - The company has not experienced any penalties or rectification issues during the reporting period[154]. Dividend Distribution - The company plans to distribute a cash dividend of 2.50 RMB per share for the 2020 fiscal year, with a total cash dividend amount exceeding 1.15 billion RMB over five years[69]. - The total distributable profit amounts to 272,461,989.67 RMB[137]. - The profit distribution proposal is subject to approval at the 2020 annual general meeting, indicating uncertainty[137]. - The company plans to distribute a cash dividend of RMB 3 per 10 shares for the 2019 fiscal year, totaling RMB 265,208,021.40, which represents 50.42% of the net profit attributable to ordinary shareholders[133][136].

Financial Performance - Operating revenue for the quarter was ¥1,124,272,852.60, representing a year-on-year growth of 21.50%[8] - Net profit attributable to shareholders was ¥105,481,597.20, a decrease of 15.96% compared to the same period last year[8] - Basic earnings per share were ¥0.1195, a decline of 18.82% compared to the previous year[8] - The company reported a net profit of CNY 1,765,064,752.20, compared to CNY 1,654,665,172.38, showing a growth of about 6.7%[46] - Total operating revenue for Q3 2020 was CNY 1,124,272,852.60, an increase of 21.5% compared to CNY 925,323,237.44 in the same period last year[53] - Net profit for Q3 2020 was CNY 104,863,289.22, a decrease of 16.5% from CNY 125,509,470.79 in the previous year[55] - The company reported a total comprehensive income of CNY 104,863,289.22 for the period, compared to CNY 125,509,470.79 in the previous year[58] Assets and Liabilities - Total assets reached ¥7,329,794,104.14, an increase of 36.29% compared to the previous year[8] - Current liabilities totaled CNY 1,848,721,141.38, an increase from CNY 1,306,133,065.05, reflecting a growth of approximately 41.5%[44] - Non-current liabilities increased significantly to CNY 1,311,450,936.02 from CNY 180,772,612.84, marking a rise of about 626.5%[44] - The total liabilities reached CNY 3,160,172,077.40, compared to CNY 1,486,905,677.89, indicating an increase of approximately 113.0%[44] - The total current assets amounted to RMB 3.42 billion, significantly higher than RMB 1.96 billion in the previous period[40] Cash Flow - Net cash flow from operating activities was ¥26,936,589.48, down 90.02% year-on-year[8] - Cash received from government subsidies increased by 71% to ¥82,370,570.94[20] - The company raised a total of RMB 800 million through the issuance of 8 million convertible bonds, with a net amount of RMB 789.84 million after deducting issuance costs[28] - The net cash flow from investment activities was -¥1,274,259,553.57, worsening from -¥623,074,001.48 in the previous period[79] - The net cash flow from financing activities was ¥943,357,753.99, a recovery from -¥90,161,219.68 in the previous period[79] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,971[12] - The largest shareholder, Jiang Xuefei, holds 56.41% of the shares[12] Government Subsidies - The company received government subsidies amounting to ¥35,587,679.78 during the reporting period[8] - Cash received from government subsidies increased by 71% to ¥82,370,570.94[20] Investment Activities - The company plans to acquire an additional 15% stake in Puno Wei for ¥38.065 million, increasing its total ownership to 55%[22] - The company has achieved an investment progress of 68.20% in the large-scale printed circuit board technology transformation project[31] Financial Ratios - The weighted average return on equity was 2.67%, down 1.41% from the previous year[8] - Interest expenses decreased by 79% to ¥8,287,467.16, primarily due to the absence of convertible bond interest expenses from the previous year[20] Research and Development - Research and development expenses for Q3 2020 were CNY 71,727,492.03, up from CNY 55,716,251.42, marking a year-over-year increase of 28.7%[53] - Research and development expenses increased to ¥209,993,358.81, compared to ¥163,410,640.27 in the previous year, marking a rise of 28.5%[64] Financial Reporting Changes - The company has implemented new revenue recognition standards starting January 1, 2020, which may impact future financial reporting[91]

Financial Performance - The company's operating revenue for Q1 2020 was ¥932,275,526.06, representing a year-over-year increase of 2.94% compared to ¥905,616,467.26 in the same period last year[8] - The net profit attributable to shareholders was ¥125,611,393.37, a slight increase of 1.61% from ¥123,625,608.92 in the previous year[8] - The net profit after deducting non-recurring gains and losses decreased by 11.25% to ¥104,524,906.17 from ¥117,769,250.50 year-over-year[8] - The basic earnings per share (EPS) was ¥0.1421, a decrease of 4.44% from ¥0.1487 in the previous year[8] - Total operating revenue for Q1 2020 was CNY 932,275,526.06, an increase of 2.3% compared to CNY 905,616,467.26 in the previous year[46] - Net profit for Q1 2020 reached CNY 124,763,757.26, compared to CNY 123,625,608.92 in Q1 2019, reflecting a growth of 0.9%[50] Cash Flow and Liquidity - The net cash flow from operating activities was ¥213,840,225.19, down 21.40% from ¥272,070,861.98 in the same period last year[8] - Cash received from operating activities increased by 896.27% to ¥69,044,488.05, mainly from government grants[22] - Cash and cash equivalents increased by 147.27% to ¥531,179,365.65 due to the redemption of financial products[21] - Total cash inflow from investment activities was 53,000,000.00, while cash outflow was 2,822,963.01, resulting in a net cash flow of -2,822,963.01[67] - The net increase in cash and cash equivalents was -2,829,367.06, compared to an increase of 102,922,742.14 in the previous period[67] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,495,028,682.89, an increase of 2.18% from ¥5,377,956,227.73 at the end of the previous year[8] - The total assets amounted to 5,377,956,227.73, with total liabilities at 1,486,905,677.89, indicating a healthy asset-to-liability ratio[73] - The total liabilities were CNY 919,686,912.76, compared to CNY 917,617,397.00 in the previous year, showing a slight increase[46] - The company's total current assets were 1,955,876,719.41, with total non-current assets at 3,422,079,508.32[69] Equity and Shareholder Value - The net assets attributable to shareholders increased by 3.36% to ¥3,996,247,933.43 from ¥3,866,155,443.24 year-over-year[8] - The company's total equity increased to approximately ¥4.02 billion from ¥3.89 billion, reflecting a growth of about 3.4%[41] - The total equity of the company was CNY 2,548,461,929.91, up from CNY 2,543,502,631.63 year-over-year[46] Government Support and Subsidies - The company received government subsidies amounting to ¥26,836,676.53 during the reporting period[8] - Other income surged by 467.48% to ¥26,836,676.53, attributed to increased government subsidies received[21] - Deferred income increased by 65.39% to ¥74,757,994.48, reflecting growth in government subsidies received[21] Research and Development - Research and development expenses increased to CNY 53,684,203.90 from CNY 49,265,785.69, indicating a focus on innovation[48] - Research and development expenses increased significantly to 1,450,710.69, up from 833,901.42, reflecting a growth of 74.00%[55] Operational Changes and Future Plans - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[39] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[52] - The company executed new revenue and leasing standards starting January 1, 2020, impacting the presentation of contract liabilities[68] Miscellaneous - The company had no significant non-operating fund occupation by controlling shareholders during the reporting period[30] - There were no significant securities investments or derivative investments during the reporting period[24][28] - The company has not audited its first-quarter report[78] - The company has not applied the new revenue and leasing standards retroactively since 2020[77]

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]