Financial Performance - The company's revenue for Q3 2021 was ¥874,042,534.21, representing a decrease of 2.92% compared to the same period last year[3] - Net profit attributable to shareholders was ¥4,013,124.85, down 91.60% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥4,156,889.82, a decrease of 91.11%[3] - Total operating revenue for Q3 2021 reached CNY 2,310,593,797.50, an increase of 19.5% compared to CNY 1,934,537,112.21 in the same period last year[23] - Total operating costs amounted to CNY 2,280,702,592.69, up from CNY 1,855,065,626.16, reflecting a year-over-year increase of 22.9%[23] - The net profit for Q3 2021 was CNY 7,571,912.51, a decrease of 82.24% compared to CNY 42,682,984.54 in the same period last year[24] - The total comprehensive income for Q3 2021 was CNY 5,676,941.48, compared to CNY 40,304,008.28 in Q3 2020, indicating a decline[24] - The company's operating profit for Q3 2021 was CNY 14,210,868.71, down from CNY 48,316,410.18 in the same quarter last year[24] - Basic earnings per share decreased by 86.36% compared to the same period last year, reflecting the decline in net profit attributable to shareholders[9] Cash Flow and Assets - The operating cash flow for the year-to-date period increased significantly by 199.25%, amounting to ¥158,226,699.99[3] - Cash flow from operating activities increased by 199.25% year-on-year, driven by increased operating income and a higher proportion of income settled via wire transfer[9] - Cash received from tax refunds increased by 58.21% year-on-year, mainly due to increased export income and export tax rebates[9] - Cash paid for purchasing goods and services increased by 32.60% year-on-year, reflecting higher procurement amounts during the reporting period[9] - Cash and cash equivalents increased by 87.99 million yuan year-on-year, attributed to a decrease in the proportion of income settled by notes and an increase in wire transfer settlements[9] - The cash and cash equivalents at the end of the period were CNY 150,010,000.00, an increase from CNY 132,624,500.00[22] - The cash and cash equivalents increased to approximately RMB 408.78 million from RMB 360.27 million, reflecting a growth of about 13.4% year-over-year[21] - The company's total current assets amounted to approximately RMB 1.79 billion, a decrease of about 5.14% from RMB 1.88 billion on December 31, 2020[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,030,018,066.57, reflecting a growth of 3.44% from the end of the previous year[3] - The company's total assets increased to CNY 3,030,018,066.57, up from CNY 2,929,362,260.45, representing a growth of 3.4%[23] - Total liabilities rose to CNY 1,592,382,685.88, compared to CNY 1,530,024,215.87, marking an increase of 4.1%[23] - The company's total liabilities decreased, reflecting improved financial stability, although specific figures were not disclosed in the report[24] - Current liabilities remained stable at CNY 1,493,604,373.62 as of October 30, 2021[29] - The company reported a net profit of CNY 568,620,584.76 in retained earnings as of October 30, 2021[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,609[10] - The largest shareholder, Jierong Technology Group Co., Ltd., holds 50.28% of the shares[13] - The equity attributable to shareholders of the parent company was CNY 1,411,914,406.93, slightly up from CNY 1,408,891,971.14, showing a marginal increase of 0.2%[23] Management and Strategic Initiatives - The company has appointed new vice general managers, indicating a shift in management structure[15] - The company plans to invest no less than RMB 1.3 billion in the "Jie Rong Handheld Terminal Technology Industrial Park" project in Chongqing, which is currently under construction[18] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[24] Financial Adjustments and Standards - The implementation of the new leasing standards resulted in adjustments to the financial statements, impacting the balance sheet[28] - The company has renewed its audit firm for the fiscal year 2021, ensuring continuity in financial oversight[16]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 1,436,551,263.29, representing a 38.91% increase compared to RMB 1,034,191,652.02 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 48.09% to RMB 3,283,887.35 from RMB 6,326,527.46 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,806,348.49, down 40.27% from RMB 4,698,410.17 in the same period last year[22]. - The net cash flow from operating activities increased by 12.74% to RMB 118,162,055.82 compared to RMB 104,809,728.60 in the previous year[22]. - Basic earnings per share decreased by 53.85% to RMB 0.012 from RMB 0.026 in the same period last year[22]. - Total assets at the end of the reporting period were RMB 2,810,505,014.93, a decrease of 4.06% from RMB 2,929,362,260.45 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were RMB 1,406,375,573.51, a slight decrease of 0.18% from RMB 1,408,891,971.14 at the end of the previous year[22]. - The weighted average return on net assets was 0.23%, down from 0.48% in the previous year, reflecting a decrease of 0.25%[22]. Revenue and Costs - Operating costs increased by 45.34% to ¥1,279,002,408.67, up from ¥880,028,785.30, primarily due to increased sales revenue and higher material and transportation costs[58]. - The company's main business revenue increased by 38.91% during the reporting period[36]. - The gross profit margin has decreased due to fluctuations in the prices of metals and chemicals, as well as increased overseas transportation costs[36]. Research and Development - Research and development expenses rose by 22.00% to ¥35,148,684.62, compared to ¥28,810,533.28 in the previous year, attributed to an increase in R&D personnel[58]. - The company is actively optimizing its talent structure and increasing R&D investments to enhance its technological innovation capabilities[46]. - The company plans to enhance collaboration with universities and research institutions to attract top industry talent and improve its technical innovation capabilities[55]. Market and Industry Trends - The global smartphone shipment is expected to reach 1.37 billion units in 2021, with a year-on-year growth of 5%[31]. - The compound annual growth rate (CAGR) for smartphone shipments from 2020 to 2025 is projected to be 3.7%[31]. - The demand for precision structural components is expected to rise with the continuous innovation in consumer electronics, particularly in smart devices driven by the 5G era[40]. Strategic Initiatives - The company is committed to innovation and development in line with the trends of leading clients in the 3C industry[32]. - The company has established core supplier relationships with several top global mobile terminal brands, aiming to become a key member of their supply chains[42]. - The company is expanding its global footprint with production bases near major clients, including facilities in Chongqing, Vietnam, and an upcoming center in India[43]. - The company is investing in new technologies and processes to enhance efficiency and reduce costs, including developments in AR/VR wireless charging and high-end metal stretching parts[40]. - The company is transitioning towards digital and intelligent manufacturing, focusing on automation and data-driven management to improve production efficiency and reduce labor costs[45]. Risk Management - The company has detailed the major risks it will face in the future and the corresponding countermeasures in the report[4]. - The company is actively managing risks related to foreign exchange fluctuations through hedging strategies, including forward foreign exchange contracts[89]. - The company faces risks from rapid market changes in the consumer electronics sector and is committed to improving product quality and service levels[86]. - The company emphasizes the importance of maintaining strong relationships with major clients to mitigate risks associated with customer concentration[88]. Environmental Compliance - The company emitted 0.6303 tons/year of benzene, which is below the regulatory limit of 1 mg/m³[98]. - The total VOC emissions were reported at 3.0336 tons/year, well under the limit of 30 mg/m³[98]. - The company has established waste gas treatment facilities that have passed environmental acceptance and are currently operating normally[102]. - The company has implemented an internal environmental management system based on "source prevention, process treatment, and result monitoring" to ensure compliance with environmental regulations[109]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[4]. - A total of 332,360 shares of restricted stock were repurchased and canceled due to six incentive targets no longer meeting the conditions[95]. - The company held its first extraordinary general meeting of shareholders in 2021 with a participation rate of 62.40% on February 4, 2021[92]. - The largest shareholder, Jierong Technology Group Co., Ltd., holds 50.28% of the shares, totaling 126,000,000 shares[161]. Legal and Regulatory Matters - The company has no major litigation or arbitration matters during the reporting period[118]. - The company has resolved a contract dispute with Dongguan Hemei Optical Co., Ltd., with a compensation amount of RMB 44.25 million, which has a minimal overall impact on the company[120]. - The company is currently involved in ongoing litigation with Shenzhen Jingrui Grinding Materials Co., Ltd. and Shenzhen Chunlida Technology Co., Ltd., with the case still pending[120].

证券代码：002855 证券简称：捷荣技术 公告编号：2021-025 东莞捷荣技术股份有限公司 关于参加 2021 年广东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内容的真实、准确和完整，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交流沟通，东莞捷荣技术股份有限公司（以下简称 "公司"）将参加由广东证监局、广东上市公司协会共同举办的"2021 广东上 市公司投资者网上集体接待日活动"。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过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"全景网投资者关系互动平台" （http://ir.p5w.net）参与公司本次投资者网上集体接待日活动，活动时间为 2021 年 5 月 19 日（星期三）15:40-16:40。 届时公司的相关人员将通过网络在线交流形式，与投资者就公司治理、经营 情况等问题进行沟通与交流，欢迎广大投资者积极参与。 特此公告 东莞捷荣技术股份有限公司 董 事 会 二〇二一年五月十五日 ...

Revenue and Profitability - Revenue for Q1 2021 reached ¥682,630,021.16, representing a 55.02% increase compared to ¥440,349,096.38 in the same period last year[8] - Net profit attributable to shareholders was ¥4,401,670.49, a significant turnaround from a loss of ¥9,964,600.15 in the previous year, marking a 144.17% increase[8] - Basic and diluted earnings per share improved to ¥0.02, compared to a loss of ¥0.04 per share in the previous year, reflecting a 150.00% increase[8] - The total operating revenue for the first quarter of 2021 was CNY 682,630,021.16, an increase from CNY 440,349,096.38 in the same period last year, representing a growth of approximately 55%[49] - The net profit for the first quarter was CNY 4,030,102.50, a significant recovery from a net loss of CNY 14,427,348.28 in the same period last year[53] - The total comprehensive income attributable to the parent company was approximately ¥4.75 million, compared to a loss of ¥8.49 million in the same period last year[56] Cash Flow and Operating Activities - The net cash flow from operating activities was -¥43,960,306.20, a decline of 164.10% from ¥68,580,761.69 in the same period last year[8] - Cash flow from operating activities was negative at approximately -¥43.96 million, compared to a positive cash flow of ¥68.58 million in the previous year[64] - Cash inflow from operating activities totaled 609,017,531.57 RMB, up from 531,367,063.95 RMB year-over-year, representing a growth of approximately 14.6%[67] - Cash outflow from operating activities increased to 653,536,312.97 RMB from 511,979,743.54 RMB, indicating a rise of about 27.6%[67] - The company reported a net cash flow from investing activities of -14,043,035.10 RMB, compared to -20,340,006.79 RMB in the previous period, showing an improvement[69] - Cash flow from financing activities resulted in a net outflow of -38,360,898.84 RMB, compared to -24,627,581.95 RMB in the prior period, reflecting a significant increase in cash outflow[69] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,929,540,567.02, a slight increase of 0.01% from ¥2,929,362,260.45 at the end of the previous year[8] - The company's current assets totaled CNY 1,820,717,047.07, a decrease from CNY 1,884,721,874.78 at the end of 2020, primarily due to a reduction in cash and cash equivalents[36] - The total liabilities of the company were CNY 1,524,239,715.74, slightly down from CNY 1,530,024,215.87 at the end of 2020[40] - The total assets decreased to CNY 2,653,934,778.28 from CNY 2,716,192,573.50, showing a decline of about 2.3%[47] - Total liabilities decreased to CNY 1,518,897,529.95 from CNY 1,578,209,466.75, indicating a reduction of approximately 3.8%[47] - The company's equity attributable to shareholders increased to CNY 1,415,226,345.83 from CNY 1,408,891,971.14, showing a growth of approximately 0.9%[42] Expenses and Costs - The total operating costs for the first quarter were CNY 674,839,682.36, compared to CNY 454,540,284.32 in the previous year, indicating an increase of about 48%[51] - The company's research and development expenses amounted to CNY 16,457,755.43, up from CNY 12,924,253.22 year-over-year, reflecting a growth of approximately 27%[51] - The cost of goods sold was approximately ¥549.34 million, up from ¥349.49 million, indicating increased production costs[57] - Selling expenses decreased to ¥3.59 million from ¥4.06 million, showing improved cost management[57] Shareholder Information - The top shareholder, Jie Rong Technology Group, holds 50.21% of the shares, with a total of 126,000,000 shares[12] - The company completed the repurchase and cancellation of 332,360 restricted shares at a price of 4.445 yuan per share, totaling approximately 1.48 million yuan[20] Government and Regulatory Matters - The company received government subsidies amounting to ¥24,000.00 during the reporting period[8] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[31] - There were no violations regarding external guarantees during the reporting period[30] Other Financial Metrics - The weighted average return on equity was 0.30%, a significant improvement from -0.77% in the previous year[8] - Other comprehensive income rose by 79.08% year-on-year, primarily due to exchange rate fluctuations[18] - Tax expenses increased by 64.20% year-on-year, mainly due to increased profits from overseas companies and the expiration of tax incentives[18]

Financial Performance - The company's operating revenue for 2020 was CNY 2,822,937,926.40, representing a 1.58% increase from CNY 2,778,984,353.55 in 2019[22]. - The net profit attributable to shareholders for 2020 was CNY 102,248,665.43, an increase of 81.68% compared to CNY 56,280,694.37 in 2019[22]. - The net profit after deducting non-recurring gains and losses was CNY 88,067,218.47, up 72.95% from CNY 50,920,923.33 in 2019[22]. - The basic earnings per share for 2020 was CNY 0.42, an increase of 82.61% from CNY 0.23 in 2019[22]. - The total assets at the end of 2020 were CNY 2,929,362,260.45, a 6.45% increase from CNY 2,751,899,682.95 at the end of 2019[22]. - The net assets attributable to shareholders at the end of 2020 were CNY 1,408,891,971.14, an increase of 8.55% from CNY 1,297,876,251.09 at the end of 2019[22]. - The company reported a total revenue of CNY 4,872.718 million, with a net loss of CNY 711.8429 million for the reporting period[87]. - The total revenue for the year 2020 was CNY 2,822,937,926.40, representing a year-on-year increase of 1.58%[48]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 298,699,335.84, a 2.22% increase from CNY 292,209,235.36 in 2019[22]. - Cash and cash equivalents increased by 35.20% due to higher cash inflows during the reporting period[36]. - The company reported a net cash outflow from financing activities of ¥55,374,122.59 in 2020, an improvement of 52.95% compared to the previous year's outflow of ¥117,682,205.97[64]. - The company reported a total investment of 34,153,361.48 CNY during the reporting period, a substantial increase of 583.07% compared to 5,000,000.00 CNY in the previous year[74]. Shareholder Information - The company reported a profit distribution plan of cash dividends of RMB 0.85 per 10 shares, based on a total of 250,612,402 shares as of April 15, 2021[5]. - The cash dividend proposal for 2020 is to distribute CNY 0.85 per 10 shares, totaling CNY 21,302,054.17, pending shareholder approval[102]. - The net profit attributable to ordinary shareholders for 2020 was 49,888,033.52 yuan, with a profit distribution plan that includes a statutory surplus reserve of 4,988,803.35 yuan[106]. - The cash dividend amount for 2019 was 12,573,895.00 yuan, which accounted for 22.34% of the net profit attributable to ordinary shareholders[105]. - The company has a total of 250,612,402 shares as the basis for the dividend distribution plan[106]. Operational Developments - The company has established a wholly-owned subsidiary in Chongqing to enhance service delivery to major domestic clients[33]. - The company is currently constructing a new industrial park to support its production capabilities and meet increasing demand[33]. - The company has established a high-end manufacturing base in India for precision structural components, which is currently under construction[34]. - The company has built a comprehensive supply chain service system across multiple locations, including Dongguan, Shenzhen, Chongqing, Vietnam, and India[40]. Research and Development - The company has been focusing on R&D for new technologies and products, including AR/VR chargers and PC touchpad components, to meet diverse customer needs[32]. - The company focuses on technological innovation and R&D to meet customer needs, investing in new materials and processes for precision components[39]. - R&D investment amounted to ¥81,878,814.49 in 2020, a decrease of 8.13% compared to ¥89,127,081.39 in 2019[62]. - The number of R&D personnel increased by 24.71% from 174 in 2019 to 217 in 2020, with R&D personnel accounting for 3.05% of total employees[62]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts, highlighting potential operational risks and corresponding countermeasures[5]. - The company faces risks from global economic downturns, supply chain disruptions due to COVID-19, and rising raw material prices affecting gross margins[96]. Compliance and Governance - The company is committed to ensuring the accuracy and completeness of its financial reports, with key personnel affirming the integrity of the annual report[4]. - The company has established a strict internal evaluation and monitoring mechanism for derivative investments to mitigate exchange rate risks[80]. - The company has committed to not reducing its shareholding in the issuer within one year after the IPO and will limit annual reductions to no more than 10% of the total share capital after the lock-up period[111]. - The company has outlined specific penalties for executives who fail to meet their commitments, including potential salary reductions and liability for investor losses[118]. Environmental Responsibility - The company is listed as a key pollutant discharge unit by the Dongguan Environmental Protection Bureau and the Guangdong Provincial Department of Ecology and Environment[169][176]. - The company has implemented pollution prevention facilities and regularly monitors emissions to comply with national standards[172]. - The company conducts annual environmental monitoring and engages qualified third parties for comprehensive assessments of pollution sources[175]. Leasing and Facilities - The company has a lease agreement with a total amount of RMB 295.46 million for equipment rental, with a lease term of 3 years[146]. - The company has multiple lease agreements with various landlords, indicating a diversified rental strategy[150]. - The company has plans to renew or relocate its leases as they approach expiration dates, ensuring continuity in operations[150].

Financial Performance - Operating revenue for the period was CNY 900,345,460.19, a decrease of 6.34% year-on-year[8] - Net profit attributable to shareholders was CNY 47,792,871.52, an increase of 380.26% year-on-year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,741,580.61, an increase of 377.45% year-on-year[8] - Basic and diluted earnings per share were both CNY 0.20, an increase of 400.00% year-on-year[8] - The estimated cumulative net profit for the year is projected to be ¥7,597.89 million, which is a 35% increase compared to the previous year's ¥5,628.07 million[32] - Basic earnings per share are expected to rise to ¥0.31 from ¥0.23, marking a growth of 34.78%[32] - Total operating revenue for Q3 2020 reached ¥900,345,460.19, an increase of 21.1% compared to ¥743,652,208.77 in the same period last year[46] - Net profit for Q3 2020 was ¥44,322,606.98, significantly higher than ¥4,316,489.06 in Q3 2019, marking an increase of 927.5%[48] - Net profit attributable to the parent company was CNY 54,119,398.98, up from CNY 36,731,031.08 year-over-year, reflecting a growth of approximately 47.2%[55] - Total comprehensive income for the quarter was CNY 40,304,008.28, an increase from CNY 26,407,280.67 in the previous year, representing a growth of approximately 52.5%[56] Assets and Liabilities - Total assets increased by 3.48% to CNY 2,847,700,202.07 compared to the end of the previous year[8] - Total liabilities increased to CNY 1,492,564,829.68 from CNY 1,467,236,651.03, reflecting a growth of about 1.7%[42] - Current liabilities totaled CNY 1,444,121,129.37, a slight increase from CNY 1,402,943,091.35, representing a growth of about 2.9%[42] - The total current assets as of September 30, 2020, were ¥1,822,663,609.51, an increase from ¥1,734,356,555.39 at the end of 2019, reflecting a growth of approximately 5.1%[39] - Cash and cash equivalents decreased to CNY 122,539,569.10 from CNY 184,011,102.25, a decline of approximately 33.4%[44] - The total liabilities amount to ¥1,672,184,001.99, with current liabilities at ¥1,654,654,417.80[78] - The total assets amount to ¥2,751,899,682.95, with current assets at ¥1,734,356,555.39[72] Cash Flow - Net cash flow from operating activities was negative CNY 51,935,296.37, a decrease of 148.17% year-on-year[8] - Net cash flow from operating activities decreased by 60.09% year-on-year, mainly due to a reduction in due receivables[19] - Cash and cash equivalents net increase decreased by 248.26% year-on-year, primarily due to a reduction in due receivables and previous year’s government support funds[26] - Cash flow from operating activities generated a net amount of ¥52,874,432.23, down 60.16% from ¥132,475,003.36 in the previous period[65] - Total cash inflow from operating activities is ¥1,655,041,114.04, down from ¥1,851,347,136.07, reflecting a decline of approximately 10.6%[68] - Cash outflow from operating activities totaled ¥1,605,961,481.08, compared to ¥1,793,626,311.98 in the previous period, indicating a decrease of about 10.5%[68] Shareholder Information - Net assets attributable to shareholders increased by 4.96% to CNY 1,362,285,006.00 compared to the end of the previous year[8] - The total number of shareholders at the end of the reporting period was 21,060[11] - The total equity attributable to shareholders reached CNY 1,362,285,006.00, compared to CNY 1,297,876,251.09, indicating an increase of about 5.0%[43] Expenses and Costs - Sales expenses increased by 58.96% year-on-year, primarily due to rising freight costs[19] - Research and development expenses rose to ¥22,757,330.35, compared to ¥15,136,375.48 in the previous year, indicating a year-over-year increase of 50.5%[47] - The company reported a decrease in sales expenses to ¥10,717,238.36, down 35.0% from ¥16,469,729.77 in the previous period[59] - Financial expenses decreased to ¥9,167,132.12, a slight reduction from ¥9,570,648.80 in the previous period[59] Investments and Subsidiaries - The company received government subsidies totaling CNY 3,639,022.45 during the reporting period[10] - Investment income increased by 73.87% year-on-year, attributed to reduced losses from associated companies[19] - The company reported a net loss from investments in joint ventures of CNY -363,755.58, compared to a loss of CNY -247,931.39 in the previous year, indicating a worsening performance in this area[54] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48] - The company anticipates that its operating income will remain comparable to the previous year, with significant improvements in product and customer structure[32]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,034,191,652.02, a decrease of 21.76% compared to ¥1,321,819,984.94 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥6,326,527.46, down 76.38% from ¥26,779,548.78 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,698,410.17, a decrease of 82.72% compared to ¥27,197,315.22 last year[24]. - Basic earnings per share were ¥0.03, down 72.73% from ¥0.11 in the previous year[24]. - The company's total revenue for the reporting period was CNY 1,034,191,652.02, a decrease of 21.76% compared to the same period last year[62]. - Net profit attributable to shareholders was CNY 6,326,527.46, down 76.38% year-on-year[62]. - The company reported a significant increase in income tax expenses, rising 1,571.73% to ¥4,292,133.32 from -¥291,638.78, due to increased deferred tax expenses and profits from overseas subsidiaries[64]. Cash Flow and Assets - The net cash flow from operating activities increased by 324.90% to ¥104,809,728.60 from ¥24,666,652.92 in the same period last year[24]. - Cash and cash equivalents increased by 22.01% compared to the beginning of the year, due to an increase in due payments and early payments from a customer[50]. - The company's inventory increased to ¥605,814,839.56, representing a 24.04% share of total assets, compared to ¥675,191,452.65 and 23.48% in the previous period[73]. - Fixed assets rose to ¥706,716,527.69, accounting for 28.04% of total assets, up from ¥394,326,729.32 and 13.71% previously, due to the completion of the new industrial park[73]. - The total actual guarantee balance at the end of the reporting period was 4,875.47 million CNY, which accounts for 3.67% of the company's net assets[164]. Business Strategy and Operations - The company’s main business includes the production of precision molds and precision structural parts, primarily for electronic consumer products[34]. - The company aims to optimize its product structure and enhance core competitiveness by integrating upstream and downstream in the 5G smart terminal industry[42]. - The company plans to maintain a customer base centered around two to three of the top ten global smart terminal brands while expanding its product lines[43]. - The company is transitioning from "precision manufacturing" to "intelligent manufacturing" to improve quality and efficiency amid rising costs[45]. - The company is committed to enhancing its technological innovation capabilities through talent development and increased R&D investment[47]. - The company is investing in new product development, focusing on precision manufacturing technologies to enhance product offerings and competitiveness[157]. Risk Management and Compliance - The company emphasizes risk management to ensure stable and sustainable development, particularly in response to external environmental changes[46]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company faces risks from rapid updates in the consumer electronics market, which could affect product competitiveness if it fails to keep pace with industry trends[102]. - The company has established waste management protocols for hazardous waste, ensuring compliance with environmental regulations[171]. - The company conducts regular environmental monitoring through qualified third parties to ensure pollutant emissions meet national standards[174]. Shareholder Information - The company reported a total of 251,477,900 shares, with 66.84% being restricted shares before the change[182]. - After the share changes, the number of restricted shares decreased by 159,855,898, leaving 8,223,427 restricted shares, which is 3.27% of the total[182]. - The largest shareholder, Jierong Technology Group, holds 50.10% of the shares, totaling 126,000,000 shares[191]. - The company has fulfilled its commitment regarding the lock-up period for shares held by major shareholders, which lasted for 36 months[108]. Environmental Impact - The company is classified as a key pollutant discharge unit by environmental protection authorities[167]. - The total emissions of VOCs were reported at 7.26 tons per year, which is below the regulatory limit of 30 mg/m³[170]. - The company has developed emergency response plans for environmental incidents in accordance with national regulations[172]. - The company has not experienced any major environmental accidents during the reporting period[175]. Future Outlook - Future outlook includes plans for market expansion in Southeast Asia, particularly in Vietnam and Hong Kong, to leverage growing demand in these regions[157]. - The company anticipates a revenue growth of 20% year-over-year for the upcoming fiscal year, driven by new product launches and market expansion efforts[157]. - A strategic acquisition is planned to enhance the company's capabilities in the optical technology sector, expected to be finalized by the end of 2020[157].

Dividend Distribution - The company plans to distribute a cash dividend of 0.5 RMB per 10 shares (including tax) based on the total share capital as of the profit distribution record date for 2019[4]. - The report indicates that the company does not plan to issue bonus shares or convert reserves into share capital for the 2019 profit distribution[4]. - The company reported a net profit available for distribution to ordinary shareholders of CNY 12,573,895 for 2019, representing a profit distribution ratio of 22.34%[97]. - The cash dividend amount for 2019 was CNY 12,573,895, which accounted for 100% of the total profit distribution[97]. - The cash dividend per 10 shares was CNY 0.5, with no stock bonus issued[97]. Financial Performance - The company's operating revenue for 2019 was ¥2,778,984,353.55, representing a 26.15% increase compared to ¥2,202,951,712.57 in 2018[16]. - The net profit attributable to shareholders for 2019 was ¥56,280,694.37, a significant increase of 91.90% from ¥29,327,765.62 in 2018[16]. - The net cash flow from operating activities reached ¥292,209,235.36, up 44.45% from ¥202,293,530.22 in the previous year[16]. - The total assets at the end of 2019 were ¥2,751,899,682.95, reflecting a growth of 9.43% from ¥2,514,692,739.90 at the end of 2018[18]. - The company reported a basic earnings per share of ¥0.23 for 2019, which is a 91.67% increase compared to ¥0.12 in 2018[16]. Operational Insights - The report includes a comprehensive overview of the company's business operations and key financial indicators for 2019[12]. - The company focuses on the research, manufacturing, and sales of precision molds and precision structural components, primarily serving the smartphone and medical device sectors[27]. - The company has established a research and development center to enhance its product offerings and services in precision manufacturing[16]. - The company has a complete production line for precision structural components, including stamping, injection molding, CNC processing, and surface treatment[40]. - The company emphasizes a "big customer service" strategy, which has provided substantial support for stable development in a competitive market[33]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts, highlighting potential operational risks and corresponding countermeasures[4]. - The company acknowledges the need for investors to understand the differences between plans, forecasts, and commitments, urging caution regarding investment risks[4]. - The company faces risks related to macroeconomic downturns, policy changes, and the need for timely product and technology iterations in the fast-evolving smart terminal industry[89]. - The company emphasizes risk management, focusing on cost control, production efficiency, and cash flow management to ensure stable and sustainable development[87]. Research and Development - Research and development expenses increased by 25.13% to ¥89,127,081.39, primarily due to an increase in R&D projects and material usage[58]. - The company has developed multiple new technologies, including waterproof technology for mobile phone shells and a new anodizing process for 5G smartphone components[60]. - The number of R&D personnel decreased by 10.77% to 174, while the R&D personnel ratio dropped to 2.27%[61]. - The company plans to enhance its talent development strategy and increase investment in R&D to boost technological innovation levels[87]. Customer and Market Position - The company has established a strong customer base, with partnerships with two to three of the top ten global smart terminal brands, ensuring a stable market share[38]. - The company directly or indirectly serves major clients including Huawei, OPPO, Samsung, and Google, focusing on precision structural components for smartphones[27]. - The company’s major customers accounted for 76.31% of total annual sales, with no related party sales included[55]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[194]. Shareholder Commitments - The company has fulfilled all commitments made by actual controllers and shareholders during the reporting period[98]. - The company is adhering to its shareholding reduction commitments, limiting annual reductions to 5% of total shares post-lockup period[99]. - The company will announce any share reduction plans three trading days in advance[100]. - The company will actively accept social supervision regarding its public commitments[102]. Environmental and Social Responsibility - The company has established a waste gas treatment facility that has passed environmental acceptance and is currently operating normally[153]. - The company has a total of 21 emission outlets for pollutants, with a total VOC emission of 12.68 tons/year, all within the national regulatory standards[153]. - The company has implemented an internal environmental management system based on "source prevention, process treatment, and result monitoring" to ensure compliance with environmental laws[157]. - The company emphasizes the protection of shareholder rights and adheres to legal regulations for labor management, ensuring fair treatment of employees[149]. Legal and Compliance - The company has not faced any penalties or rectification issues during the reporting period[125]. - The company has not reported any standard audit report issues for the current reporting period[108]. - The company is currently involved in several legal disputes, with a total amount in controversy of ¥1,200,000 related to various cases[122]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[121].

Financial Performance - The company's operating revenue for Q1 2020 was ¥440,349,096.38, a decrease of 20.67% compared to ¥555,083,643.54 in the same period last year[7]. - The net profit attributable to shareholders was -¥9,964,600.15, representing a decline of 219.76% from ¥8,320,155.14 in the previous year[7]. - The basic and diluted earnings per share were both -¥0.04, a decrease of 233.33% from ¥0.03 in the previous year[7]. - The net profit for Q1 2020 was a loss of CNY 14,427,348.28, compared to a profit of CNY 5,383,385.06 in Q1 2019, indicating a significant decline[41]. - The total comprehensive loss for the period was CNY 12,957,143.79, compared to a comprehensive income of CNY 3,117,324.03 in the same period last year[42]. - The company reported a net loss attributable to minority interests of CNY -17,675,967.29, compared to CNY -13,213,219.17 in the previous period[34]. Cash Flow - The net cash flow from operating activities increased significantly by 332.15% to ¥68,580,761.69, compared to ¥15,869,690.81 in the same period last year[7]. - Cash inflow from operating activities totaled 588,991,652.67 CNY, an increase from 562,072,829.10 CNY year-over-year[47]. - The net cash flow from investing activities was -23,011,651.58 CNY, compared to -43,999,709.17 CNY in the previous year[48]. - The net cash flow from financing activities was -24,627,581.95 CNY, a decrease from 17,876,621.96 CNY in the previous period[48]. - The company received tax refunds of 9,062,454.21 CNY, compared to 4,153,982.56 CNY in the previous year[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,609,289,156.45, down 5.18% from ¥2,751,899,682.95 at the end of the previous year[7]. - The total liabilities decreased from CNY 1,672,184,001.99 to CNY 1,524,400,826.43, reflecting a reduction of approximately 8.9%[37]. - The total equity attributable to shareholders of the parent company was CNY 1,292,848,055.42, slightly down from CNY 1,297,876,251.09[34]. - The company's cash and cash equivalents were CNY 158,430,833.92, down from CNY 184,011,102.25, representing a decrease of approximately 13.8%[35]. - The total current assets as of December 31, 2019, amounted to CNY 1,734,356,555.39[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,641[10]. - The largest shareholder, Jierong Technology Group Co., Ltd., held 50.10% of the shares, totaling 126,000,000 shares[10]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[15]. Operational Impact - Operating revenue decreased by 20.67% year-on-year, mainly due to the extended Spring Festival holiday and the impact of COVID-19, with most income and profit coming from March after full resumption of work[18]. - Accounts receivable decreased by 29.73% compared to the end of last year, primarily due to the extended Spring Festival holiday and the impact of COVID-19 on operating income[18]. - Operating costs decreased by 17.87% year-on-year, with the decline in fixed manufacturing costs being less significant than the decline in operating revenue[18]. - Financial expenses decreased by 38.60% year-on-year, mainly due to reduced exchange losses during the reporting period[19]. Investments and Other Financial Metrics - Other equity instrument investments increased by 100% compared to the end of last year, due to new investments in a technology company[18]. - Investment income decreased by 100% year-on-year, mainly due to the recognition of investment income from joint ventures during the reporting period[19]. - The company experienced a significant increase in credit impairment losses, amounting to CNY 7,961,475.65, reflecting potential risks in asset quality[44]. - The company incurred financial expenses of CNY 3,775,528.67, down from CNY 5,611,005.60, a reduction of 32.7%[43]. Changes in Accounting Standards - As of January 1, 2020, the company implemented new revenue and leasing standards, adjusting the financial statements accordingly[59]. - The company has adjusted the presentation of customer prepayments under the new revenue standard, classifying the non-tax portion as contract liabilities[59].

Financial Performance - Net profit attributable to shareholders rose by 69.78% to CNY 9,951,482.29 for the reporting period[10] - Operating revenue for the period reached CNY 743,652,208.77, reflecting a year-on-year growth of 20.25%[10] - The net profit after deducting non-recurring gains and losses increased by 141.92% to CNY 9,789,776.79[10] - Basic earnings per share remained at CNY 0.04, a 100% increase compared to the previous period[10] - The company's operating revenue for the current period reached ¥1,967,238,463.10, an increase of 29.3% compared to ¥1,522,944,069.25 in the previous period[83] - The net profit for the current period was ¥31,812,447.47, up 67.5% from ¥19,045,561.83 in the previous period[86] - Basic and diluted earnings per share both increased to ¥0.15 from ¥0.13, reflecting a growth of 15.4%[81] - The total comprehensive income for the current period was ¥31,812,447.47, compared to ¥19,045,561.83 in the previous period, marking a significant increase[90] Assets and Liabilities - Total assets increased by 10.64% to CNY 2,782,331,716.81 compared to the end of the previous year[10] - Current liabilities rose to ¥1,437,861,700.72, compared to ¥1,253,462,100.51, reflecting an increase of about 14.7%[44] - Total liabilities reached ¥1,521,380,400.26, compared to ¥1,344,091,862.12, marking an increase of about 13.2%[44] - The company's equity attributable to shareholders rose to ¥1,271,113,293.31 from ¥1,166,507,435.56, reflecting an increase of approximately 9.0%[47] - Non-current assets totaled ¥971,647,884.91, up from ¥914,828,671.33, showing an increase of approximately 6.2%[41] - Total cash inflow from financing activities amounted to ¥259,175,712.83, compared to ¥229,702,123.38 in the previous period, representing an increase of approximately 12.8%[100] Cash Flow - The net cash flow from operating activities decreased by 38.10% to CNY 107,808,350.44 compared to the same period last year[10] - Cash flow from operating activities generated ¥132,475,003.36, a decrease of 30.9% from ¥192,158,951.91 in the previous period[91] - Net cash flow from operating activities was ¥57,720,824.09, down from ¥166,403,432.34 in the previous period, indicating a decline of about 65.4%[100] - Cash and cash equivalents at the end of the period were ¥236,665,639.09, down from ¥263,507,079.68 in the previous period, a decrease of about 10.2%[100] - Investment activities resulted in a net cash outflow of ¥104,285,693.56, compared to ¥309,505,057.37 in the previous period, indicating a reduction of approximately 66.3%[100] Expenses - Total operating costs amounted to ¥746,772,111.34, up from ¥615,995,927.54, reflecting a rise of 21.2%[58] - Research and development expenses for the current period were ¥15,136,375.48, compared to ¥12,834,639.77, indicating an increase of 17.9%[58] - The company reported a tax expense of approximately ¥1.26 million, contrasting with a tax benefit of approximately ¥3.53 million in the previous period[69] - The company has incurred a credit impairment loss of approximately ¥12.13 million, indicating potential challenges in asset quality[69] - Financial expenses increased by 354.23% compared to the same period last year, mainly due to a decline in exchange gains and increased interest expenses[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,090[15] - The largest shareholder, Jie Rong Technology Group Co., Ltd., holds 50.10% of the shares[15] Government Support - The company received government subsidies amounting to CNY 248,967.36 during the reporting period[10] - Other income decreased by 96.09% year-on-year, mainly due to a reduction in government subsidies recognized as other income[25]