Financial Performance - The company's operating revenue for 2019 was approximately ¥1.11 billion, representing a 23.58% increase compared to ¥896.45 million in 2018[20] - The net profit attributable to shareholders for 2019 was approximately ¥71.22 million, a 10.44% increase from ¥64.49 million in 2018[20] - The net cash flow from operating activities surged to approximately ¥152.85 million, a significant increase of 1,951.82% compared to ¥7.45 million in 2018[20] - The basic earnings per share for 2019 was ¥0.59, up 11.32% from ¥0.53 in 2018[20] - The diluted earnings per share for 2019 was ¥0.58, reflecting a 9.43% increase from ¥0.53 in 2018[20] - The weighted average return on net assets for 2019 was 7.01%, an increase from 6.19% in 2018[20] - Total assets decreased by 3.21% to CNY 1,385,745,092.61 from CNY 1,431,743,491.18[21] - Net profit attributable to shareholders was CNY 71,223,451.05, with a normalized net profit of CNY 80,410,418.99 after excluding stock-based compensation[21] - Quarterly revenue showed an increase from CNY 241,135,603.72 in Q1 to CNY 306,894,962.97 in Q3, before dropping to CNY 286,076,543.20 in Q4[25] - The net profit attributable to shareholders in Q3 was CNY 25,357,388.76, while Q4 saw a slight decrease to CNY 23,742,397.90[25] Dividend Policy - The company plans to distribute a cash dividend of ¥2.00 per 10 shares to all shareholders, based on a total share count of 121,877,200 shares[6] - The total cash dividend for 2019 was 24,375,440.00 CNY, which constituted 100% of the total profit distribution amount[195] - The cash dividend payout ratio for 2019 was 34.22%, indicating a consistent approach to shareholder returns[194] - The company’s cash dividends have remained stable at 2.00 CNY per 10 shares for the last two fiscal years[193] - The cash dividend distribution plan for 2019 was based on a total share count of 121,877,200 shares after deducting 821,200 shares held in treasury[197] Market Position and Strategy - The company maintains a leading position in the industry, particularly in fine communication wire materials, due to continuous investment in R&D[31] - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development efforts[6] - The company has established long-term stable partnerships with major brands such as Apple, Xiaomi, and Sony[31] - The company is transitioning from a single manufacturer to a comprehensive solution provider, offering full technical R&D and production solutions to meet differentiated customer needs[71] - The company is focusing on vertical integration and horizontal expansion to adapt to market changes and enhance operational efficiency[88] Research and Development - The company holds a total of 250 authorized patents, including 54 invention patents, which enhances its R&D capabilities in the audio component sector[80] - The company has increased its R&D investment and recruitment of technical personnel, leading to higher employee compensation and development costs[89] - The company has made significant advancements in product innovation, including features like adaptive noise cancellation and real-time translation in its audio products[80] - The company’s R&D investment was CNY 5,627.90 million, representing 5.08% of total revenue, an increase of CNY 1,260.50 million compared to the previous year[97] - The number of R&D personnel increased by 17.71% from 271 to 319, representing 9.75% of total employees[130] Production and Operations - The production model is based on customer-specific requirements, ensuring timely delivery while maintaining product quality, with a focus on efficient production line planning[40] - The company maintains a one-month inventory of raw materials to support its production needs, following a "sales-driven production" and "production-driven procurement" model[39] - The company has established seven production bases across various regions, including Guangdong and India, to leverage economies of scale and improve cost efficiency[82] - The company has implemented a comprehensive quality control system, achieving certifications such as ISO9001 and ISO14001, ensuring high product quality standards[81] - The company’s production capacity and efficiency are significantly enhanced through economies of scale, which require substantial investment and management experience[67] Risks and Challenges - The company faces foreign exchange risks due to its export trade primarily settled in USD, which may lead to exchange losses if the RMB depreciates against the USD[180] - The rapid development of Bluetooth technology poses a risk if the company fails to maintain its competitive edge in R&D and production processes[183] - The company is exposed to risks from a concentrated customer base, primarily consisting of well-known international brands, which could negatively impact performance if major clients change their purchasing levels[184] - The company has completed the acquisition of 100% of Lianyun Acoustic, which has created goodwill on the balance sheet, posing a risk of impairment if Lianyun's operational performance declines[186] Investment and Expansion - The company plans to raise up to RMB 30 million through convertible bonds to expand the production capacity of smart wireless audio products[105] - The new smart wireless audio product production base project has a total investment of RMB 24,045 million, with RMB 21,000 million allocated from the raised funds[106] - The company is advancing the Yingtong smart electronics production project, which is expected to yield an annual capacity of 60 million headphones and various electronic products[107] - The company has established production bases in Vietnam, India, Guangxi, Guizhou, and Huizhou, Guangdong to capture market opportunities from product upgrades[155] - The company has submitted an application for publicly issued convertible bonds to the China Securities Regulatory Commission to fund the construction of a new intelligent wireless acoustic product production base[177]

1 瀛通通讯股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 瀛通通讯股份有限公司 2019 年第三季度报告全文 瀛通通讯股份有限公司 2019 年第三季度报告 2019 年 10 月 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄晖、主管会计工作负责人吴中家及会计机构负责人(会计主管 人员)丁恨几声明：保证季度报告中财务报表的真实、准确、完整。 2 瀛通通讯股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,356,976,556.55 | 1,431,743,491.18 | | -5.22% | | 归属于上市公司股东的净资产（元） | 1,032,557,398.49 ...

Financial Performance - The company's operating revenue for the first half of 2019 was RMB 514,837,818.48, representing a 29.89% increase compared to RMB 396,378,664.07 in the same period last year[16]. - The net profit attributable to shareholders of the listed company decreased by 21.79% to RMB 22,123,664.39 from RMB 28,288,291.88 in the previous year[16]. - The basic earnings per share decreased by 21.47% to RMB 0.1811, down from RMB 0.2306 in the previous year[16]. - The company reported a total profit of CNY 25,028,499.66, a decrease from CNY 35,132,177.65 in the first half of 2018[198]. - Net profit attributable to the parent company was CNY 22,123,664.39, down 22% from CNY 28,288,291.88 in the first half of 2018[199]. Cash Flow and Assets - The net cash flow from operating activities significantly improved, reaching RMB 43,246,985.43, a 471.62% increase from a negative RMB 11,637,343.09 in the same period last year[16]. - Cash and cash equivalents decreased by 35.63% compared to the end of the previous year, mainly due to idle cash being used for structured deposits[40]. - The company's total assets included cash and cash equivalents of ¥141,578,987.99, which decreased by 6.02% from ¥197,122,204.66 in the previous year[73]. - The company's total current assets were ¥829,954,227.21, down from ¥912,956,144.81 at the end of 2018, indicating a decrease of about 9.1%[188]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Lianyun Acoustic, achieving 75.31% of the promised net profit target for the year[62]. - The acquisition project of Lianyun Acoustic Co., Ltd. has a total investment of CNY 11,524.6 million, with CNY 2,814.36 million already invested[87]. - The company has pledged 100% equity of Huizhou Lianyun to secure a bank loan of up to ¥60 million for part of the acquisition payment[77]. Research and Development - R&D expenses amounted to RMB 21.60 million, representing 4.20% of the company's operating revenue[61]. - The company has established R&D centers in Beijing, Shenzhen, Wuhan, and Dongguan, and is currently building a new R&D center in Hubei[45]. - The company introduced 6 new patents, including a hybrid resonance in-ear headphone and a noise-canceling Bluetooth headphone[61]. Production and Sales - The company is a leading manufacturer specializing in acoustic components, headphones, data cables, and other products, with a focus on micro-communication wire and headphone design[24]. - The main product categories include acoustic components, headphones (including TWS, HiFi, smart, and sports headphones), and data cables, with significant revenue growth in TWS and HiFi headphones due to increased investment in high-end talent and smart assembly[25]. - The company's sales model is direct, with no intermediaries, allowing for customized production based on customer orders[35]. Risk Management - The company emphasized the importance of risk management and outlined potential risks and countermeasures in its report[4]. - The company faces significant foreign exchange risk due to its reliance on USD for export trade, which may impact profit margins[104]. - The company is at risk of tax burden increases if it loses its high-tech enterprise status, which currently allows a 15% corporate income tax rate[105]. Corporate Governance - The semi-annual financial report was not audited[117]. - There were no major litigation or arbitration matters during the reporting period[119]. - The company did not undergo any changes in its board of directors, supervisors, or senior management during the reporting period[180]. Social Responsibility - The company has established employment opportunities for 35 disabled individuals through its dedicated workshops[142]. - A total of 210 local beneficiaries have been employed through three poverty alleviation workshops set up by the company in nearby towns[142]. - The company reported a total funding amount of 4.126 million yuan for poverty alleviation efforts[144].

证券代码：002861 证券简称：瀛通通讯 公告编号：2019-050 瀛通通讯股份有限公司 关于参加 2019 年度投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的沟通交流，瀛通通讯股份有限公司（以下简称"公 司"）将参加由湖北省证监局、湖北省上市公司协会、深圳市全景网络有限公司 联合举办的"湖北辖区上市公司 2019 年度投资者网上集体接待日活动"，现将有 关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与公司 本次投资者集体接待日活动，活动时间为 2019 年 6 月 13 日（星期四）15:10 至 16:50。 届时公司副总经理兼董事会秘书曾子路先生、证券事务代表胡钪女士将通过 网络在线问答互动的形式，与投资者就公司 2018 年度业绩、公司治理、经营状 况、可持续发展等投资者关注的问题进行交流。 欢迎广大投资者积极参与。 特此公告。 瀛通通讯股份有限公司 董事会 2019 年 6 ...

Financial Performance - The company's operating revenue for 2018 was approximately ¥896.45 million, representing a 24.22% increase compared to ¥721.69 million in 2017[16]. - The net profit attributable to shareholders for 2018 was approximately ¥64.49 million, a decrease of 24.83% from ¥85.79 million in 2017[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥55.58 million, down 24.26% from ¥73.38 million in 2017[16]. - The net cash flow from operating activities was approximately ¥7.45 million, a significant decrease of 88.44% compared to ¥64.44 million in 2017[16]. - Basic earnings per share for 2018 were ¥0.53, down 30.26% from ¥0.76 in 2017[16]. - The weighted average return on net assets was 6.19%, a decrease of 3.59% from 9.78% in 2017[16]. - Total assets increased by 20.50% to ¥1,431,743,491.18 from ¥1,188,124,786.30[17]. - Net assets attributable to shareholders decreased by 4.27% to ¥996,171,787.69 from ¥1,040,611,822.11[17]. - The company reported a net profit of CNY 63.32 million for the year, while the net cash flow from operating activities was only CNY 0.75 million, indicating a significant discrepancy due to increased working capital needs[109]. - The company’s gross profit margin for the electronic industry was 25.24%, a decrease of 5.18% compared to the previous year[95]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥2.00 per 10 shares to all shareholders, based on a total share capital of 121,877,200 shares[5]. - The cash dividend for 2018 is based on the total share count after deducting treasury shares, which were 821,200[159]. - The cash dividend for 2018 accounted for 37.80% of the net profit attributable to shareholders, while in 2017 and 2016, the ratios were 42.91% and 58.90%, respectively[158]. - The total cash dividend for 2018, including other methods such as share buybacks, reached CNY 94,250,961.18, representing 100% of the profit distribution[159]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during profit distributions[159]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Lianyun Acoustic Technology for 180 million yuan to enhance its product offerings in TWS and HiFi headphones[74]. - The company acquired a 30% stake in its Indian subsidiary, Yingtong (India) Electronics Technology Co., Ltd., and invested an additional 15 million yuan to enhance competitive advantage[79]. - The company invested 16.36 million yuan in Hunan Jialin New Materials Co., Ltd. to enhance vertical integration of its supply chain[76]. - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in costs over the next year[168]. - The company plans to pursue strategic acquisitions to enhance its product offerings and market reach, with a budget of 500 million yuan allocated for potential deals[168]. Research and Development - Research and development expenses amounted to 43.67 million yuan, accounting for 4.87% of total revenue, with a year-on-year increase of 8.67%[82]. - The company has participated in over 20 technology projects, achieving significant breakthroughs in areas such as adaptive noise cancellation systems and voice recognition[49]. - The company is committed to continuous R&D investment, focusing on products such as car voice control Bluetooth headsets and smart home speakers, with a goal of enhancing technological capabilities and product advantages[144]. - Research and development investments increased by 30%, totaling 150 million yuan, aimed at advancing new technologies[168]. Operational Efficiency and Management - The company has adopted a production model based on customer-specific requirements, ensuring timely delivery[36]. - The company has implemented strict procurement management systems to ensure quality and cost control in raw material sourcing[34]. - The company will focus on vertical integration in its supply chain, particularly in injection molding and SMT, to create new profit growth points[142]. - The company will implement a new performance evaluation mechanism in 2019, integrating talent management and incentive plans to enhance employee motivation[143]. Market Position and Strategy - The company maintains a leading position in the industry, focusing on acoustic components, headphones, and data cables, with a strong emphasis on R&D[27][28]. - The company has established long-term partnerships with major brands such as Apple, Xiaomi, and Sony, enhancing its market presence[28]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[168]. - The company aims to become a leading overall solution provider in the communication wire and acoustic product industry, focusing on "smart, wireless, and high-fidelity" acoustic products and "thinner, faster" data cable products[141]. Financial Management and Compliance - The company has committed to not using idle raised funds to temporarily supplement working capital for a period of twelve months following any investment or establishment of investment funds[173]. - The company is committed to maintaining compliance with regulatory requirements, ensuring transparency in financial reporting and corporate governance[168]. - The company has adhered to its cash dividend policy, ensuring transparency and compliance with regulations[156]. - The company will ensure that the equity distribution complies with listing requirements after any share repurchase by directors and senior management[163]. Risks and Challenges - The company faces foreign exchange risks due to its export trade primarily settled in USD, which may impact gross margins[146]. - The company is exposed to risks from concentrated major customers, as its data cables and communication wires are primarily supplied to well-known international brands[149]. - The company has no significant accounting errors that require retrospective restatement during the reporting period[179]. - There were no major lawsuits or arbitration matters during the reporting period[182].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 241,135,603.72, representing a 48.00% increase compared to CNY 162,928,923.21 in the same period last year[8]. - The net profit attributable to shareholders was CNY 6,017,804.94, up 15.85% from CNY 5,194,404.03 year-on-year[8]. - Basic earnings per share increased by 25.00% to CNY 0.05 from CNY 0.04 in the same period last year[8]. - The company reported a decrease of 8.73% in net profit after deducting non-recurring gains and losses, amounting to CNY 3,688,071.56 compared to CNY 4,041,008.32 in the previous year[8]. - The total operating revenue for the first quarter of 2019 was CNY 241,135,603.72, an increase from CNY 162,928,923.21 in the same period last year, representing a growth of approximately 47.8%[47]. - The total operating costs for the first quarter of 2019 were CNY 236,780,212.15, up from CNY 158,712,553.12, indicating an increase of about 49.2%[47]. - The net profit for the first quarter of 2019 was not explicitly stated, but the increase in revenue and costs suggests a focus on growth strategies despite rising expenses[47]. - The total profit for the quarter reached CNY 6,915,181.95, up from CNY 5,747,098.29, reflecting a growth of 20.3% year-over-year[49]. - The total comprehensive income for the quarter was CNY 4,930,500.38, compared to CNY 3,628,311.77, representing a growth of 36%[50]. - Operating profit for the quarter was CNY 6,525,589.31, an increase from CNY 5,560,375.57, marking a rise of 17.4%[49]. Cash Flow and Liquidity - The net cash flow from operating activities surged to CNY 32,125,503.18, a significant increase of 1,243.33% compared to CNY 2,391,481.93 in the previous year[8]. - Cash flow from operating activities increased by 29.73 million yuan, as cash inflows exceeded outflows during the reporting period[21]. - The company's cash and cash equivalents decreased to CNY 181,555,231.40 from CNY 219,931,926.16 at the end of 2018, reflecting a decline of about 17.4%[38]. - The total cash and cash equivalents at the end of the period were ¥91,829,346.82, a decrease from ¥228,835,491.32 at the end of the previous year, reflecting a net decrease of ¥38,376,694.76 in cash and cash equivalents[58]. - The company received tax refunds totaling ¥6,292,456.70, an increase from ¥5,736,657.33 in the previous year, indicating improved cash flow from tax-related activities[57]. - The cash outflow for purchasing goods and services was ¥176,603,812.30, up from ¥148,077,304.93 in the same quarter last year, showing an increase of approximately 19.3%[57]. - The company paid ¥55,678,894.06 in employee compensation, which is an increase from ¥52,998,782.41 in the previous year, reflecting a growth of about 5.3%[57]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,391,230,303.35, a decrease of 2.83% from CNY 1,431,743,491.18 at the end of the previous year[8]. - The total assets of the company amounted to approximately CNY 1,391,230,303.35, a decrease from CNY 1,431,743,491.18 at the end of 2018[38]. - The total liabilities decreased from CNY 139,570,341.21 to CNY 121,337,471.42, reflecting a reduction of approximately 13%[45]. - The company's total current liabilities represented approximately 29.7% of total assets[65]. - The company's total equity represented approximately 69.5% of total assets[66]. - The company’s short-term borrowings stood at CNY 40,890,000.00, while accounts payable and notes payable totaled CNY 245,182,639.06[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,579[14]. - The largest shareholder, Huang Hui, holds 31.20% of the shares, amounting to 38,287,800 shares, with a portion pledged[14]. - The company has repurchased a total of 3,691,200 shares, accounting for 3.0084% of the total share capital, with a total expenditure of CNY 69,699,188[28]. - The highest and lowest repurchase prices were CNY 20.30 and CNY 16.70 per share, respectively[28]. Operational Changes and Expenses - Management expenses increased by 81% year-on-year, mainly due to the addition of Lianyun Acoustics and significant increases in salaries and travel expenses[21]. - Research and development expenses for the first quarter were CNY 8,574,362.94, slightly down from CNY 9,861,830.43, suggesting a potential shift in focus towards operational efficiency[47]. - The company incurred management expenses of CNY 4,536,581.98, significantly higher than CNY 1,008,186.96 in the previous year, reflecting an increase of 350%[52]. - Investment income for the quarter was CNY 698,134.26, down from CNY 1,258,806.84, showing a decline of 44.4%[53]. Acquisitions and Investments - The company completed the acquisition of 100% of Lianyun Acoustics for 180 million yuan, with the payment made in December 2018[23]. - The company granted restricted stock and stock options during the reporting period, which accounted for CNY 2,952,009.76 of the net profit[9]. - Other current assets increased by 56% compared to the beginning of the year, mainly due to an increase of 78 million yuan in financial products[21]. - The company reported a significant increase in cash inflow from other investment activities, totaling ¥288,231,646.46, compared to ¥325,640,936.07 in the previous year[58]. Financial Standards and Compliance - The company executed a new financial standard starting January 1, 2019, adjusting CNY 30,000,000 from available-for-sale financial assets to other equity instruments[66]. - The company reported no violations regarding external guarantees during the reporting period[32]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[33].

Financial Performance - The company's operating revenue for 2018 was approximately ¥896.45 million, representing a 24.22% increase compared to ¥721.69 million in 2017[16] - The net profit attributable to shareholders decreased by 24.83% to ¥64.49 million in 2018 from ¥85.79 million in 2017[16] - The net profit after deducting non-recurring gains and losses was ¥55.58 million, down 24.26% from ¥73.38 million in the previous year[16] - Basic earnings per share decreased by 30.26% to ¥0.53 in 2018, down from ¥0.76 in 2017[16] - The weighted average return on net assets was 6.19%, a decline of 3.59% from 9.78% in the previous year[16] - The company achieved a revenue of 896.45 million yuan in 2018, representing a year-on-year growth of 24.22%[65] - The net profit attributable to the parent company was 64.49 million yuan, a decrease of 24.83% compared to the previous year[65] - Total assets reached 1.43 billion yuan, up 20.50% year-on-year, while total liabilities increased significantly by 198.72% to 435.57 million yuan[65] Cash Flow and Investments - The net cash flow from operating activities significantly dropped by 88.44% to ¥7.45 million, compared to ¥64.44 million in 2017[16] - The company reported a net cash flow from operating activities of ¥33,707,057.75 in Q4 2018, indicating strong cash generation capabilities[21] - Cash and cash equivalents decreased by 32.83%, mainly due to share buybacks and increased expenditures related to Huizhou Lianyun[44] - The company reported a total cash inflow from investment activities surged by 231.62% to ¥1,598,804,670.63, while cash outflow increased by 118.62%[106] - Financing cash inflows decreased by 93.09% year-on-year, attributed to new short-term loans of 40.89 million yuan compared to 476.39 million yuan from the previous year's IPO[107] Acquisitions and Partnerships - The company completed the acquisition of 100% equity in Lianyun Acoustic Technology Co., Ltd. for 180 million yuan, enhancing its product offerings in TWS and HiFi headphones[74] - The company acquired a 30% stake in Yingtong (India) Electronics Technology Co., making it a wholly-owned subsidiary, and invested an additional 15 million yuan[79] - The company has established long-term partnerships with major clients such as Apple, Xiaomi, vivo, BOSE, and Amazon, which contributes to a stable revenue base due to high market concentration in the consumer electronics industry[47] - The company completed the acquisition of 100% equity of Lianyun Acoustic in December 2018, expanding its market presence[178] Research and Development - Research and development expenses amounted to 43.67 million yuan, accounting for 4.87% of total revenue[81] - The company plans to enhance its R&D capabilities in precision molds, automation equipment, TWS headphones, and wireless charging technologies[104] - Significant R&D investments will be made in products such as voice-controlled Bluetooth headsets and smart home speakers, with a focus on acquiring relevant patents[142] - The company has established a post-doctoral industrial base and multiple R&D centers, fostering collaboration with institutions like the Chinese Academy of Sciences[49] Production and Operations - The company maintains a leading position in the industry, focusing on acoustic components, headphones, and data cables, with significant R&D investments[27] - The company has enhanced its production capabilities through smart assembly investments and high-end talent acquisition[28] - The company operates seven production bases across various regions, enhancing its cost, quality, and rapid response advantages through scale production[53] - The company has developed advanced manufacturing processes, such as automatic Bluetooth noise reduction testing, which significantly improves efficiency and product quality[57] Risk Management - The company has faced significant risks and has detailed these in the report, urging investors to maintain awareness of investment risks[5] - The company faces risks related to technological innovation, particularly in maintaining competitive advantages in Bluetooth and wired headphone technologies[146] - The company emphasizes the importance of improving operational and production management to mitigate management risks as it expands[148] Shareholder and Stock Management - The company plans to distribute a cash dividend of ¥2.00 per 10 shares to all shareholders, based on a total share capital of 121,877,200 shares[5] - The profit distribution plan for 2018 proposes a cash dividend of 2.00 CNY per 10 shares, totaling approximately 24,375,440.00 CNY (including tax) based on 121,877,200 shares[157] - The company has a clear and stable profit distribution mechanism in place, adhering to its established policies without adjustments during the reporting period[153] - The company has implemented share repurchase commitments for shares held prior to the public offering, which are currently being fulfilled normally[159] Market Outlook and Strategy - The company provided a future outlook projecting a revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion[164] - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share in the region by 2020[163] - The company aims to launch three new products in the next quarter, which are anticipated to contribute an additional 200 million RMB in revenue[165] - The company is investing 50 million in R&D for new technologies aimed at enhancing product features and user experience[170] Compliance and Governance - The company has not faced any major litigation or arbitration matters during the reporting period[180] - The company engaged Tianjian Accounting Firm for audit services, with a fee of RMB 500,000, and has maintained this auditor for five consecutive years[179] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[173]

湖北瀛通通讯线材股份有限公司 2018 年第三季度报告正文 证券代码：002861 证券简称：瀛通通讯 公告编号：2018-094 湖北瀛通通讯线材股份有限公司 2018 年第三季度报告正文 1 湖北瀛通通讯线材股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 孔英 | 独立董事 | 个人原因 | 李晓东 | 公司负责人黄晖、主管会计工作负责人吴中家及会计机构负责人(会计主管 人员)丁恨几声明：保证季度报告中财务报表的真实、准确、完整。 2 湖北瀛通通讯线材股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥396,378,664.07, representing a 14.95% increase compared to ¥344,836,587.65 in the same period last year[16]. - The net profit attributable to shareholders decreased by 36.97% to ¥28,288,291.88 from ¥44,879,255.09 year-on-year[16]. - Basic earnings per share dropped by 47.46% to ¥0.2306 from ¥0.4389 in the same period last year[16]. - The weighted average return on net assets decreased to 2.68% from 6.10% in the previous year[16]. - The company reported a total comprehensive income of CNY 26,973,271.52, down from CNY 43,514,221.16, a decrease of 38.0%[165]. - The net profit for the first half of 2018 was CNY 26,914,098.21, a decrease of 38.8% from CNY 43,946,440.34 in the previous year[165]. - The net profit attributable to shareholders of the parent company was CNY 28,288,291.88, down 37.0% from CNY 44,879,255.09[165]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥-11,637,343.09, a decline of 123.31% compared to ¥49,934,334.05 in the previous year[16]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of CNY -130,324,871.89, down 158.91% from the previous year[58]. - Cash and cash equivalents at the end of the period totaled 197,122,204.66 CNY, down from 368,592,183.87 CNY in the previous period, indicating a decrease in liquidity[172]. - The company generated cash flow from operating activities amounting to CNY 469,116,986.42, compared to CNY 382,277,942.42 in the previous period, reflecting an increase of 22.7%[170]. - The cash outflow for operating activities was 501,907,788.71 CNY, compared to 350,997,643.76 CNY in the previous period, showing increased operational costs[171]. Investments and Capital Expenditures - The company has invested 77.99 million CNY in its manufacturing facility in India, with a current operating loss of 5.22 million CNY, representing 7.55% of the company's net assets[41]. - The investment in the Vietnam facility amounts to 49.24 million CNY, with an operating loss of 2.50 million CNY, accounting for 4.77% of the company's net assets[42]. - The total committed investment for the portable digital communication cable project is CNY 7,098.79 million, with a cumulative investment of CNY 2,098.77 million, representing 29.57% of the planned investment progress[75]. - The portable digital data transmission line construction project has a total committed investment of CNY 9,991.06 million, with a cumulative investment of CNY 377.68 million, which is only 3.78% of the planned investment progress[75]. - The company has a remaining balance of CNY 284,960,517.00 in unused raised funds as of June 30, 2018, which will continue to be used for various projects[76]. Research and Development - Research and development expenses increased by 32.89% to CNY 21,411,271.22, driven by an expansion of the R&D team and salary increases[58]. - As of June 30, 2018, the company holds a total of 198 patents, including 48 invention patents and 145 utility model patents, showcasing its strong R&D capabilities[44]. - The company has developed core design and manufacturing technologies for acoustic products, particularly fine communication wires for headphones, and has been supplying well-known international brands in bulk for several years[25]. - The company is focusing on new product development and technological advancements to drive growth[129]. Market and Competitive Position - The company has entered the supply chains of several top international consumer electronics brands, becoming one of their main suppliers, indicating a strong competitive advantage in the industry[25]. - The global headphone market is experiencing steady growth, driven by consumer demand for portable, personalized, and high-fidelity wireless products, which presents opportunities for the company[39]. - The company faces competitive pressure from concentrated market clients and rapid technological updates, necessitating strong customer service and R&D capabilities[39]. - The revenue is primarily derived from well-known terminal brand manufacturers and large EMS manufacturers, indicating a high customer concentration risk[86]. Operational Efficiency - The company maintains a one-month inventory of materials to ensure smooth production operations, following a "sales-driven production" model[32]. - The company’s sales model is direct, with products delivered directly to customers without intermediaries, enhancing efficiency and customer service[35]. - The company has established a comprehensive quality control system, achieving ISO9001 and ISO14001 certifications across its production facilities[45]. - The company employs a vertical integration model in its production process, allowing for better coordination between R&D and manufacturing, thus reducing operational costs[49]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has a registered capital of 12,269.84 million CNY, indicating a solid capital base for operations[187]. - The company has established a multi-tier governance structure, which includes a board of directors and several specialized committees, promoting effective management[188]. - The company has undergone changes in its business registration for a wholly-owned subsidiary, reflecting operational adjustments[116]. Social Responsibility - The company has invested a total of 1.5 million yuan in targeted poverty alleviation efforts during the reporting period[112]. - The company has established a dedicated workshop and dormitory for disabled individuals, promoting the concept of "integration of the disabled and able-bodied"[111]. - The company plans to assist vulnerable groups through employment poverty alleviation, with a facility capable of accommodating 500 workers[113].

湖北瀛通通讯线材股份有限公司 2018 年第一季度报告正文 证券代码：002861 证券简称：瀛通通讯 公告编号：2018-034 湖北瀛通通讯线材股份有限公司 2018 年第一季度报告正文 1 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 湖北瀛通通讯线材股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄晖、主管会计工作负责人吴中家及会计机构负责人(会计主管 人员)丁恨几声明：保证季度报告中财务报表的真实、准确、完整。 2 湖北瀛通通讯线材股份有限公司 2018 年第一季度报告正文 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入（元） | 162,928,923.21 | 139,447,543.41 | | 16.84% | | ...