002861 债券代码：128118 债券简称：瀛通转债 证券代码：证券简称：瀛通通讯 公告编号：2021-038 瀛通通讯股份有限公司 关于参加 2021 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"）将参加由湖北证监局联合湖北省上市公司协会、深圳市全景网络有限公司 | | 举办的"湖北上市公司 2021 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网络平台举行， | | 投资者可以登录"全景·路演天下"网站（ http://rs.p5w.net/ ），进入专区页 | | 面参与交流。交流时间为 2021 年 6 月 24 日（星期四） 15:3 ...

Revenue and Profit - Revenue for Q1 2021 was CNY 241,456,823.25, an increase of 1.87% compared to CNY 237,029,119.76 in the same period last year[8] - Net profit attributable to shareholders was CNY 4,701,725.05, representing a growth of 13.55% from CNY 4,140,596.36 year-on-year[8] - Basic earnings per share increased by 33.33% to CNY 0.04, compared to CNY 0.03 in the same period last year[8] - The company reported a total comprehensive income of $5,207,112.56, up from $1,786,861.50 in the previous period, showing significant improvement[69] - The total profit for the current period is $8,286,492.99, compared to $7,080,588.58 in the previous period, an increase of about 17%[68] Cash Flow - Net cash flow from operating activities surged by 156.01% to CNY 93,331,310.38, up from CNY 36,456,494.42 in the previous year[8] - The net cash flow from operating activities for the first quarter was ¥93,331,310.38, an increase of 156% compared to ¥36,456,494.42 in the same period last year[76] - Total cash inflow from operating activities was ¥366,473,354.96, compared to ¥293,245,031.68 in the previous year, reflecting a growth of approximately 25%[76] - The company reported a net cash outflow from financing activities of -¥6,833,108.32, slightly increasing from -¥6,677,666.67 in the previous year[78] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,720,878,823.11, a decrease of 2.28% from CNY 1,761,109,058.72 at the end of the previous year[8] - Total current assets decreased to ¥948,300,626.17 from ¥1,031,463,290.41, representing a decline of about 8.0%[58] - Total liabilities decreased to ¥639,382,560.77 from ¥685,939,080.82, a reduction of about 6.8%[60] - The company's total equity increased slightly to ¥1,081,496,262.34 from ¥1,075,169,977.90, reflecting a growth of approximately 0.4%[61] Investments and Expenditures - R&D expenses rose by 40.70% to RMB 18,009,017 due to increased investment in new product development[17] - The company plans to invest RMB 51 million in a project with the Dongguan Changping Town government, with RMB 10 million from its own funds[20] - A total investment of approximately RMB 1 billion is expected for the construction of an industrial park in collaboration with the Wuhan East Lake New Technology Development Zone[21] - The company has invested RMB 6.12 million in the R&D center construction project, which is expected to be completed by December 2020[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,607[12] - The largest shareholder, Huang Hui, holds 31.12% of the shares, amounting to 37,905,800 shares, with a portion pledged[12] Financial Management and Risks - The company has established a dedicated internal control system for foreign exchange hedging, including a management system and a leadership team for daily operations[30] - The company has implemented measures to control risks associated with foreign exchange hedging, including regular reviews of operational and financial performance[30] - The company has not reported any litigation related to its derivative investments during the reporting period[30] Fundraising and Utilization - The total amount of funds raised from the initial public offering (IPO) in 2017 was RMB 529.23 million, with a net amount of RMB 450.64 million after deducting issuance costs[34] - As of Q1 2021, the company has fully utilized the funds raised from the IPO, totaling RMB 450.64 million[35] - The company raised RMB 300 million through the issuance of convertible bonds in 2020, with a net amount of RMB 293.31 million after expenses[35] Other Financial Metrics - The company reported a tax expense of $3,584,767.94, up from $2,939,992.22, indicating an increase of approximately 22%[68] - The company experienced a decrease in financial expenses, which fell to $784,256.19 from $3,969,545.61, a reduction of approximately 80.3%[67]

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.21 billion, representing a 9.03% increase compared to ¥1.11 billion in 2019[16]. - The net profit attributable to shareholders decreased by 36.93% to approximately ¥44.92 million from ¥71.22 million in 2019[16]. - The net profit after deducting non-recurring gains and losses fell by 46.78% to approximately ¥33.58 million compared to ¥63.10 million in the previous year[16]. - The net cash flow from operating activities was approximately ¥145.28 million, a decrease of 4.95% from ¥152.85 million in 2019[16]. - Basic earnings per share decreased by 35.59% to ¥0.38 from ¥0.59 in 2019[16]. - The diluted earnings per share also decreased by 34.48% to ¥0.38 from ¥0.58 in the previous year[16]. - The weighted average return on net assets was 4.24%, down from 7.01% in 2019, a decrease of 2.77%[16]. - The company achieved a revenue of 1,207.88 million CNY, a year-on-year increase of 9.03%, primarily driven by sales of finished earphones reaching 759.56 million CNY, which grew by 38.08%[80]. - The company's gross profit was 266.25 million CNY, a slight decrease of 0.49% year-on-year, while net profit fell by 36.93% to 44.92 million CNY, mainly due to exchange losses and increased R&D expenses[81]. Cash Flow and Investments - The net cash flow from operating activities decreased by 4.95% to approximately ¥145.28 million due to a decline in net profit[112]. - The total cash and cash equivalents increased by 696.98% to approximately ¥238.09 million, primarily due to increased sales collections[112]. - The company reported a 31.67% decrease in cash inflow from investment activities, mainly due to reduced net redemption of financial products[112]. - The company reported a 1,937.12% increase in net cash flow from financing activities, mainly due to funds raised from issuing convertible bonds[113]. - The total investment for the new smart audio production base is CNY 240.45 million, expected to add an annual capacity of 8.4 million audio products[91]. - The total amount of funds raised by the company through its initial public offering (IPO) was RMB 529.23 million, with a net amount of RMB 450.64 million after deducting issuance costs of RMB 78.59 million[135]. Research and Development - The company focuses on R&D in audio products, including TWS, noise-canceling headphones, and data cables, aiming to become a leading provider of smart audio solutions[25][26]. - R&D investment rose to 82.85 million CNY, a 47.22% increase year-on-year, accounting for 6.86% of total revenue, with a total of 302 patents granted, including 57 invention patents[85]. - The company established a new R&D center and invested in the Wuhan Yingtong Intelligent Audio Technology Research Institute to enhance its R&D capabilities and product line[86]. - The company is focusing on the development of new acoustic technologies, with products like bone conduction noise-canceling systems already in mass production[70]. Market Position and Strategy - The company has established long-term partnerships with major brands such as Apple, Xiaomi, and Sony, enhancing its market position[26]. - The company implements a vertical integration and horizontal expansion strategy to drive growth in the audio and data transmission industries[25]. - The company aims to enhance its competitive edge in the emerging wireless smart acoustic field through strategic investments in management, R&D, and talent acquisition[82]. - The company is focused on diversifying its customer base to reduce reliance on major clients, which could negatively impact performance if their purchasing levels change[174]. Risk Management - The company has outlined potential risks and countermeasures in its future development outlook section[5]. - The company faces significant exchange rate risks due to its export trade primarily settled in USD, with potential foreign exchange losses arising from fluctuations between RMB and USD[167]. - The company has implemented measures to avoid significant exchange rate fluctuation risks by closely monitoring international market changes[132]. - The company has experienced operational impacts due to the COVID-19 pandemic, but its diversified production locations have helped manage risks associated with potential shutdowns[178]. Shareholder and Governance Commitments - The company has fulfilled its commitment regarding the restriction on transferring shares for 36 months from the date of stock listing, with compliance confirmed on April 12, 2020[193]. - The company has a commitment to maintain stock price stability, initiating measures if the stock price falls below the audited net asset value per share for the previous fiscal year[194]. - The company has committed to not engaging in any competitive activities that could harm its operations or shareholder interests[199]. - The company has a long-term commitment to fulfilling its promises regarding immediate return measures and employee incentives[198].

Financial Performance - Operating revenue for the period was CNY 360,686,764.74, representing a year-on-year increase of 17.53%[8] - Net profit attributable to shareholders decreased by 55.59% to CNY 11,262,044.98 compared to the same period last year[8] - Basic earnings per share decreased by 57.14% to CNY 0.09[8] - The company reported a weighted average return on equity of 1.07%, down by 1.37% from the previous year[8] - Total operating revenue for the third quarter was CNY 360,686,764.74, an increase from CNY 306,894,962.97 in the previous period, representing a growth of approximately 17.5%[69] - Net profit for the period was CNY 11,262,044.98, a decrease of 55.7% compared to CNY 25,357,388.76 in the same period last year[71] - Basic and diluted earnings per share decreased to CNY 0.09 from CNY 0.21, a decline of about 57.1%[72] - The comprehensive income for the period was CNY 9,295,612.96, down from CNY 25,542,684.14, indicating a decrease of approximately 63.6%[72] Assets and Liabilities - Total assets increased by 27.11% to CNY 1,761,428,686.70 compared to the end of the previous year[8] - The total liabilities as of September 30, 2020, were CNY 658,668,166.95, up from CNY 333,053,224.07, indicating a growth of 97%[62] - The total equity attributable to the parent company was CNY 1,102,760,519.75, an increase from CNY 1,052,691,868.54, reflecting a growth of 5%[63] - The company's accounts receivable rose to CNY 335,631,907.62 from CNY 289,606,813.89, marking an increase of 16%[60] - The inventory level increased to CNY 201,675,725.86 from CNY 188,108,143.15, which is a rise of 7%[60] - The non-current assets totaled CNY 662,428,961.75, up from CNY 577,139,240.15, showing an increase of 15%[61] Cash Flow - Net cash flow from operating activities decreased by 64.79% to CNY 14,997,453.96[8] - The net cash flow from financing activities surged by 709.78% to ¥278,727,358.34, driven by funds raised from issuing convertible bonds[19] - Cash inflow from operating activities totaled CNY 923,934,965.70, down from CNY 1,008,597,861.28, reflecting a decline of about 8.4%[86] - The net cash flow from operating activities was CNY 78,423,857.19, compared to CNY 85,844,614.78 in the previous period, representing a decrease of approximately 8.3%[88] - Cash outflow from investing activities was CNY 894,276,107.35, significantly lower than CNY 1,885,117,599.04 from the previous period, showing a reduction of about 52.5%[89] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,995[13] - The largest shareholder, Huang Hui, holds 31.12% of the shares, amounting to 37,905,800 shares[13] - The company did not engage in any repurchase transactions during the reporting period[14] Research and Development - Research and development expenses rose by 42.76% to ¥50,479,796.34, reflecting increased investment in R&D during the reporting period[18] - Research and development expenses rose to CNY 22,303,056.63, compared to CNY 13,758,596.88, reflecting an increase of approximately 62%[70] Investment Activities - The company received ¥682,837,695.37 in cash related to investment activities, a decrease of 59.54% compared to the previous year, attributed to reduced cash management frequency[19] - The company completed the issuance of convertible bonds, with the total investment amounting to RMB 51 million, of which RMB 10 million will be used for project investment construction[27] - The total amount raised from the convertible bond project was RMB 293.31 million, with RMB 83.31 million utilized during the reporting period[38] Financial Management - The company has established a dedicated internal control system for foreign exchange hedging to mitigate risks associated with currency fluctuations[34] - The company emphasizes that its foreign exchange hedging activities are based on normal business operations to avoid speculative trading[34] - The company has not engaged in any securities investments during the reporting period, focusing on its core operations[31] Project Developments - The company plans to sign a project investment agreement with the Dongguan Changping Town Government, indicating a strategic expansion in the region[27] - The company has established production bases in Vietnam, India, Guangxi, Guizhou, and Guangdong Huizhou to seize market opportunities arising from product upgrades[49] - The company has extended the construction period for several projects, including the portable digital communication cable technology upgrade project, from 12 months to 36 months due to market changes[49] Miscellaneous - The company reported no overdue amounts or non-compliance with external guarantees during the reporting period[53] - The third quarter report was not audited[103]

证券代码：002861 证券简称：瀛通通讯 公告编号：2020-084 债券代码：128118 债券简称：瀛通转债 瀛通通讯股份有限公司 关于参加 2020 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 2020 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 2020 年 8 月 26 日（星期三）14:57 至 16:27。 届时公司董事、副总经理、董事会秘书曾子路先生、证券事务代表罗炯波先 生将通过网络在线问答互动的形式，与投资者就公司 2019 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 ...

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 532,804,883.02, representing a 3.49% increase compared to RMB 514,837,818.48 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was RMB 22,441,279.03, up 1.44% from RMB 22,123,664.39 year-on-year[17]. - The net cash flow from operating activities increased by 46.66% to RMB 63,426,403.23, compared to RMB 43,246,985.43 in the previous year[17]. - The total assets at the end of the reporting period were RMB 1,447,393,108.94, a 4.45% increase from RMB 1,385,745,092.61 at the end of the previous year[17]. - The basic earnings per share rose by 5.56% to RMB 0.19, compared to RMB 0.18 in the same period last year[17]. - The company reported a total non-recurring gains and losses of RMB 4,438,736.82 for the period[22]. - The weighted average return on equity was 2.13%, slightly down from 2.20% in the previous year[17]. - The gross profit margin for earphones, acoustic components, and data cables increased by 3.45%, 6.89%, and 3.58% respectively, with an overall gross margin of 22.31%[60]. - The company reported a significant increase in financial expenses by 213.04% to ¥4,084,387.09, mainly due to interest income and exchange rate fluctuations[68]. - The company reported a net profit of 50 million RMB for the first half of 2020, representing a year-on-year increase of 20%[127]. Investment and R&D - R&D investment totaled 28.18 million yuan, a 30.44% increase year-on-year, accounting for 5.29% of operating revenue[61]. - Research and development expenses increased by 25% compared to the previous year, focusing on new communication technologies[130]. - The company emphasizes continuous investment in R&D, which has led to industry-leading production technology and process levels[26]. - The company has established long-term partnerships with major clients such as Apple, Xiaomi, and Sony, ensuring a stable revenue base due to high market concentration in the consumer electronics sector[44]. - The company has achieved a low background noise level of 7.9 dB in its sound testing laboratory, certified by CNAS, ensuring high-quality testing standards[47]. - The company has formed strategic partnerships with leading academic institutions for collaborative R&D, enhancing its innovation capabilities[45]. Operational Strategy - The company is facing various operational risks and has outlined corresponding measures to mitigate these risks in the report[5]. - The company aims to become a world-leading provider of smart audio product solutions, focusing on vertical integration and horizontal expansion strategies[25]. - The company has adopted a direct sales model, eliminating intermediaries such as distributors and agents[36]. - The company has implemented outsourcing for certain low-technical production processes to control rising labor costs[34]. - The company has established a comprehensive quality control system, with each subsidiary having a dedicated quality management department[48]. - The company can complete production from order to shipment in 1-2 weeks for mature products and 2-3 weeks for new products, demonstrating strong order fulfillment capabilities[50]. Market Presence and Customer Base - The company maintains long-term stable partnerships with major clients such as Apple, Xiaomi, and Sony, leveraging its leading position in micro-communication wire technology[26]. - The company has entered the supply chain of several internationally renowned clients, reflecting its significant competitive advantage in the industry[43]. - The company is actively expanding its market presence in Vietnam and India, which is expected to contribute to revenue growth[114]. - The company faces risks due to high customer concentration, primarily relying on international well-known terminal brands and large EMS manufacturers, which could negatively impact performance if key customers' purchasing levels change significantly[117]. - To mitigate customer concentration risk, the company plans to actively develop various clients, including mobile phone brands, audio manufacturers, and e-commerce platforms, while enhancing product categories to improve revenue and profit levels[117]. Financial Management and Fund Utilization - The company has established a dedicated internal control system for foreign exchange hedging to mitigate risks associated with currency fluctuations[87]. - The company has not changed the purpose of raised funds during the reporting period, maintaining compliance with relevant regulations[89]. - The company has received a total of RMB 9.30 million in net interest from bank deposits, with RMB 2.54 million received during the reporting period[92]. - The company reported a total investment of 45,063.56 million RMB for various projects, with 37,928.03 million RMB already utilized[95]. - The company has a remaining balance of raised funds of RMB 83.20 million, including RMB 4.20 million in current deposits and RMB 79.00 million in cash management[92]. Social Responsibility and Community Engagement - The company invested CNY 3.1976 million in poverty alleviation projects, helping 232 registered impoverished individuals to escape poverty[164]. - The company established workshops for disabled individuals, providing employment opportunities for 80 disabled persons[167]. - The company provided CNY 0.25 million to support 5 impoverished students through educational assistance[164]. - The company received the "Caring Enterprise" honor for its participation in the "Hundred Enterprises Assist Education" poverty alleviation initiative[164]. - The company aims to enhance cooperation with relevant organizations to provide vocational training for impoverished populations[165]. Corporate Governance and Compliance - The company has not declared cash dividends or stock bonuses for the half-year period, opting instead to retain earnings for reinvestment[125]. - The company did not conduct an audit for the semi-annual financial report[133]. - There were no major litigation or arbitration matters during the reporting period[135]. - The company has no media questioning issues during the reporting period[136]. - The company and its controlling shareholders maintained good integrity without any significant debt defaults[138]. Shareholder Information - The company’s total share capital is 121,804,400 shares after a reduction of 894,000 shares due to stock repurchase[170]. - The company’s restricted shares decreased from 72,453,875 (59.05%) to 53,468,187 (43.90%) following the release of lock-up restrictions[170]. - The company has implemented a stock repurchase plan due to the failure to meet the performance assessment targets for the first release period of the incentive plan[174]. - The total number of shares held by the top ten unrestricted ordinary shareholders at the end of the reporting period is 64,041,762 shares[187]. - The largest shareholder, Huang Hui, holds 9,189,950 shares, representing a significant portion of the company's equity[187].

Financial Performance - The company's operating revenue for Q1 2020 was ¥237,029,119.76, a decrease of 1.70% compared to ¥241,135,603.72 in the same period last year[7] - Net profit attributable to shareholders was ¥4,140,596.36, down 31.19% from ¥6,017,804.94 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥2,120,432.09, a decline of 42.51% compared to ¥3,688,071.56 in the previous year[7] - Basic and diluted earnings per share were both ¥0.03, representing a decrease of 40.00% from ¥0.05 in the previous year[7] - Total comprehensive income decreased by 63.76% to ¥1,786,861.50, driven by reduced net profit and lower after-tax other comprehensive income[20] - Net profit decreased by 31.19% to RMB 4,140,596.36, mainly due to higher deferred income tax expenses compared to the previous year[16] - The company reported a net profit of CNY 490,967,922.57, up from CNY 486,827,326.22, indicating a slight increase of 0.3%[40] - The company reported a total comprehensive income of ¥1,786,861.50, down from ¥4,930,500.38, a decrease of approximately 63.8%[49] Cash Flow and Investments - The net cash flow from operating activities increased by 13.48% to ¥36,456,494.42 from ¥32,125,503.18 in the same period last year[7] - The total cash inflow from investment activities was ¥141,568,884.93, a decrease of 51.0% from ¥288,988,449.21 in the previous year[57] - The net cash flow from investment activities was -¥13,275,964.43, improving from -¥187,184,916.55 in Q1 2019[57] - The net cash flow from financing activities was -¥6,677,666.67, compared to a positive net cash flow of ¥117,214,231.94 in the same period last year[57] - The cash inflow from operating activities was ¥293,245,031.68, slightly up from ¥291,279,609.48 in the previous year[56] - The cash outflow for investment activities totaled ¥154,844,849.36, a decrease of 67.6% from ¥476,173,365.76 in Q1 2019[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,370,354,949.98, a decrease of 1.11% from ¥1,385,745,092.61 at the end of the previous year[7] - Total liabilities decreased to CNY 118,659,212.32 from CNY 121,779,572.32, a reduction of 2.5%[44] - Total assets amounted to CNY 927,818,120.97, an increase from CNY 852,777,345.22, reflecting a growth of 8.3%[44] - Total current liabilities amounted to CNY 76,659,212.32, an increase from CNY 73,779,572.32, reflecting a growth of 3.8%[44] - Total liabilities were CNY 333,053,224.07, consisting of current liabilities of CNY 276,540,831.80 and non-current liabilities of CNY 56,512,392.27[63] Shareholder Information - The company reported a total of 10,867 common shareholders at the end of the reporting period[11] - The largest shareholder, Huang Hui, holds 31.08% of the shares, amounting to 38,137,600 shares, with 9,730,000 shares pledged[11] Research and Development - Research and development expenses increased by 49.28% to RMB 12,799,463.48, reflecting higher R&D investments during the reporting period[16] - Research and development expenses rose to ¥12,799,463.48, up from ¥8,574,362.93, an increase of about 49.5%[47] Government Support and Other Income - The company received government subsidies amounting to ¥3,245,759.61, primarily related to industrial transformation and upgrading support[8] - The company reported a significant increase in other income by 157.83% to RMB 3,287,474.79, mainly due to increased government subsidies received[16] Operational Efficiency - Total operating costs decreased to ¥232,366,537.42 from ¥239,264,895.07, a reduction of approximately 2.8%[47] - Operating profit increased to ¥8,170,058.58 compared to ¥6,525,589.31, reflecting a growth of about 25.2%[48] Financial Management - The company has established a dedicated internal control system for foreign exchange hedging to mitigate risks associated with currency fluctuations[29] - The company has not engaged in any speculative or arbitrage foreign exchange transactions, adhering to a prudent approach in its hedging activities[28] - The company reported no overdue or unrecovered amounts in its entrusted financial management activities[26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31] Capital Changes - The company repurchased and canceled 894,000 restricted shares, reducing registered capital from RMB 122,698,400 to RMB 121,804,400[19][21] - The company plans to issue convertible bonds and has responded to regulatory feedback, with further details published on January 7 and March 17, 2020[18][22]

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].