意华股份投资者关系活动记录表 编号： 201 9 - 001 证券代码：002897 证券简称：意华股份 温州意华接插件股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|--------------------------------|--------------------------|---------------------------------------------------------------| | | | | | | | | 特定对象调研 □分析师会议 | | | | □ 媒体采访 □业绩说明会 | | | | 投资者关系活 | □ 新闻发布会 □路演活动 | | | | 动类别 | □ 现场参观 | | | | | □ 其他： | | | | 参与单位名称 及人员姓名 | 东北证券股份有限公司 | 熊军、张立 | | | 时间 | 2019 年 1 月 15 | 日 14:00-16:00 | | | | | | | | 地点 | 浙江省乐清市翁垟街道后西工业区 | | 意华股份 | | 上市公 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥1,541,259,641.96, an increase of 34.17% compared to the same period last year[7] - Net profit attributable to shareholders was ¥50,169,154.30, representing a growth of 22.97% year-over-year[7] - The net profit after deducting non-recurring gains and losses was ¥74,534,727.18, up 96.12% from the previous year[7] - Basic earnings per share were ¥0.29, reflecting a 20.83% increase compared to the same period last year[7] - Total operating revenue for the period reached CNY 3,932,113,292.53, an increase of 28.14% compared to CNY 3,069,078,767.95 in the previous period[27] - Net profit for the period was CNY 217,046,458.94, representing a significant increase from CNY 100,575,490.54 in the previous period[30] - The total comprehensive income attributable to the parent company was CNY 278,017,148.96, compared to CNY 90,688,484.17 in the previous period, indicating a significant increase[32] - Basic and diluted earnings per share both reached CNY 1.35, up from CNY 0.63 in the previous period, reflecting strong earnings growth[32] - The total comprehensive income for the period was CNY 265,400,920.38, compared to CNY 83,506,329.64 in the previous period, highlighting overall financial improvement[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,677,348,840.52, a decrease of 4.45% from the end of the previous year[7] - The company's total assets decreased to CNY 4,677,348,840.52 from CNY 4,895,410,418.94[26] - Total liabilities decreased to CNY 3,016,819,072.63 from CNY 3,488,616,324.97[26] - The equity attributable to shareholders increased by 18.96% to ¥1,637,120,691.23 compared to the end of the previous year[7] - The equity attributable to shareholders of the parent company increased to CNY 1,637,120,691.23 from CNY 1,376,170,742.27[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥312,109,533.60, a significant increase of 170.77%[7] - The net cash flow from operating activities was CNY 312,109,533.60, a turnaround from a negative CNY 441,024,296.28 in the previous period, indicating a recovery in cash generation[35] - Cash inflow from operating activities totaled CNY 3,526,728,067.15, an increase from CNY 2,649,202,805.66 in the prior period, showing improved operational efficiency[33] - The company reported a net cash outflow from investing activities of CNY -160,388,855.22, an improvement from CNY -289,544,958.35 in the prior period, suggesting better investment management[35] - Cash inflow from financing activities was CNY 1,624,716,103.62, compared to CNY 1,393,433,081.84 in the previous period, indicating increased financing activities[35] - The company paid CNY 1,206,663,963.29 in debt repayments, up from CNY 756,165,916.97 in the previous period, reflecting a focus on debt management[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,722, with the largest shareholder, Yihua Holding Group, holding 43.50% of the shares[15] - The top ten shareholders hold a significant portion of the company's shares, with the top three shareholders collectively owning over 50%[15] - The company has a diverse shareholder base, including various investment funds and individual shareholders[15] Expenses - The company reported a 39.68% increase in selling expenses, primarily due to higher sales service fees and deductions[12] - Investment income increased by 62.32%, mainly due to the sale of equity in Hunan Yihua[12] - The company reported a significant increase in sales expenses, totaling CNY 87,460,500.15 compared to CNY 62,615,211.94 in the previous period[30] - Research and development expenses were CNY 146,864,805.28, slightly down from CNY 155,306,756.46 year-over-year[30] - The financial expenses showed a notable decrease, with a net financial expense of CNY -18,181,143.06 compared to CNY 60,512,535.26 previously[30] Strategic Initiatives - The company plans to issue A-shares through a non-public offering, which was approved by the board and submitted for shareholder approval[19] - The company is focused on expanding its market presence and enhancing its product offerings through strategic initiatives[19] Cash and Cash Equivalents - The company's cash and cash equivalents at the end of the reporting period amounted to ¥529,205,463.77, up from ¥340,801,492.43 at the beginning of the year[20] - Cash and cash equivalents at the end of the period amounted to CNY 505,790,424.65, compared to CNY 289,330,226.77 at the end of the previous period, reflecting a strong liquidity position[35] - The company reported a 14.36% decrease in cash and cash equivalents due to exchange rate fluctuations compared to the end of the previous year[15] - The net increase in cash and cash equivalents at the end of the reporting period rose by 250.00% compared to the same period last year, primarily due to increased cash inflows from operating activities[15] Prepayments and Receivables - Accounts receivable stood at ¥662,002,583.68, slightly down from ¥672,408,877.26 at the beginning of the year[20] - The total amount of prepayments decreased to ¥179,130,387.53 from ¥266,024,555.98 at the beginning of the year[20]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,390,853,650.57, representing a 24.50% increase compared to ¥1,920,313,832.48 in the same period last year[28]. - Net profit attributable to shareholders was ¥179,493,533.22, a significant increase of 168.06% from ¥66,959,670.48 year-on-year[28]. - Basic earnings per share rose to ¥1.05, up 169.23% from ¥0.39 in the previous year[28]. - The weighted average return on net assets increased to 12.24%, up 7.24 percentage points from 5.00% in the previous year[28]. - Total assets at the end of the reporting period were ¥4,841,615,812.97, a slight decrease of 1.10% from ¥4,895,410,418.94 at the end of the previous year[28]. - Net assets attributable to shareholders increased by 16.41% to ¥1,601,957,064.06 from ¥1,376,170,742.27 at the end of the previous year[28]. - The net profit from non-recurring gains and losses was ¥119,521,389.06, an increase of 98.25% compared to ¥60,287,666.47 in the same period last year[28]. - The net cash flow from operating activities was -¥1,760,291.36, showing a significant improvement from -¥373,739,115.53 in the previous year[28]. - The cost of goods sold was ¥1,958,016,396.51, which increased by 24.79% compared to the previous year, primarily due to increased salaries and service fees[57]. - Research and development investment amounted to ¥94,948,784.10, showing a decrease of 6.75% year-on-year[57]. - The gross profit margin for the connector segment was 26.53%, a decrease of 2.22% compared to the previous year[61]. - Revenue from solar bracket products increased by 53.60% year-on-year, reaching ¥1,306,235,782.75, while the corresponding cost increased by 58.09%[62]. - The net increase in cash and cash equivalents was ¥50,633,041.52, reflecting a significant increase of 128.77%[57]. - The company reported a net profit loss of 167.31 million CNY from the acquisition of Dongguan Sanhan Electronics Co., Ltd.[123]. Operational Strategy - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company is facing potential operational risks as described in the management discussion and analysis section, which investors are advised to review carefully[6]. - The company has established long-term cooperative relationships with major clients, including Huawei and ZTE, enhancing its competitive advantage in the connector industry[45]. - The company has developed and successfully tested 5G SFP and SFP+ series products, positioning itself as a leader in high-speed communication connectors[40]. - The company has applied for a total of 28 invention patents, including 1 overseas patent, and 480 utility model patents, demonstrating its commitment to innovation[47]. - The company has a robust R&D team that has provided competitive connection products to major telecommunications equipment manufacturers[50]. - The company focuses on expanding its product line into automotive electronics and smart terminal consumer electronics, broadening its market applications[40]. - The company has a strong emphasis on customized R&D and production, which enhances its integration into the supply chains of high-quality clients[45]. - The company has implemented an ERP system for cost accounting and is enhancing automation in production to improve efficiency[52]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the market[98]. - The company is expanding its market presence through the development of new products and technologies in the electronics and automotive sectors[108]. Investment and Assets - The company invested ¥54,600,000.00 during the reporting period, a decrease of 49.44% compared to ¥108,000,000.00 in the same period last year[74]. - The company holds a 51.00% stake in Zhejiang Yimai Intelligent Technology Co., with an investment of ¥3,100,000.00 for the development of smart robots and home appliances[75]. - The company’s overseas assets include a significant investment in Thai Hua New Energy Co., with an asset scale of 80 million Thai Baht, focusing on renewable energy technology development[66]. - The company has invested in foreign exchange derivatives with an initial investment amount of 231.93 million CNY, resulting in a year-end investment amount of 315.60 million CNY, which accounts for 19.70% of the company's net assets[89]. - The company has established a management system for foreign exchange trading to mitigate risks associated with exchange rate fluctuations[92]. - The company has not engaged in any securities investments during the reporting period[88]. - The company has not sold any significant assets during the reporting period[94]. - The company has not raised any funds during the reporting period[93]. - The company has reported no significant changes in accounting policies regarding derivative investments compared to the previous reporting period[92]. Subsidiary Performance - Dongguan Taikang Electronics reported total assets of 209,023,600 RMB and a net profit of 7,880,800 RMB, while Dongguan Zhengde Connector reported total assets of 145,285,800 RMB with a net loss of -583,610 RMB[99]. - The subsidiary Suzhou Yanhua Automotive Technology achieved total assets of 87,665,300 RMB and a net profit of 1,444,120 RMB, indicating strong performance in the automotive electronics sector[108]. - Hunan Yizhao Electronics reported total assets of 15,301,340 RMB with a net loss of -61,610 RMB, highlighting challenges in the electronics market[102]. - The subsidiary Wuhan Yigu Optoelectronics reported total assets of 2,029,370 RMB with a net loss of -604,390 RMB, indicating a need for operational improvements[106]. - The subsidiary Dongguan Yitai Intelligent Manufacturing reported total assets of 24,861,640 RMB with a net loss of -1,448,260 RMB, reflecting challenges in the smart home and security equipment market[106]. - The overall performance of major subsidiaries shows mixed results, with some achieving profitability while others are facing losses, necessitating strategic adjustments[99]. - The company reported a significant increase in revenue from Dongguan Yihua Electronics Co., Ltd., with 3,202.00 million CNY, marking a 106.62% increase[170]. Market Risks and Challenges - The company faced risks from raw material price fluctuations, market competition, exchange rate volatility, and macroeconomic policies[124]. - The company plans to enhance cost management and product innovation to mitigate risks associated with raw material price increases[124]. - The company aims to improve competitiveness by expanding into new high-margin product areas to address market competition risks[124]. - The company is implementing global strategies to reduce foreign exchange risks through forward foreign exchange contracts and product repricing[124]. Shareholder Information - The company held two temporary shareholder meetings and one annual shareholder meeting during the reporting period, with investor participation rates of 55.70%, 63.03%, and 54.94% respectively[127]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[128]. - There were no stock incentive plans, employee stock ownership plans, or other employee incentive measures implemented during the reporting period[129]. - The largest shareholder, Yihua Holdings, holds 75,914,994 shares, representing 44.48% of the total shares[197]. - The second-largest shareholder, Fang Jianbin, holds 3,131,144 shares, which is 2.45% of the total shares[197]. - The shareholder Chen Xianmeng holds 3,629,668 shares, accounting for 2.13% of the total shares, with 2,722,251 shares under restriction[197]. - The company has not reported any new strategic investors or general legal entities becoming top 10 shareholders due to new share placements[200]. - There were no changes in the number of restricted shares for several executives, maintaining their locked shares according to regulations[196]. - The company has not implemented any share buybacks or reductions during the reporting period[196]. - The report indicates that there are no significant changes in the number of shareholders or shareholding structure during the period[197].

Financial Performance - The company's operating revenue for 2021 was ¥4,489,589,434.25, representing a 37.37% increase compared to ¥3,268,276,783.86 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥135,641,786.07, a decrease of 24.67% from ¥180,068,877.39 in 2020[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥107,657,688.08, down 25.87% from ¥145,230,316.34 in 2020[31]. - The net cash flow from operating activities for 2021 was -¥419,536,285.05, a decline of 251.22% compared to ¥277,440,030.72 in 2020[31]. - The total assets at the end of 2021 were ¥4,895,410,418.94, an increase of 40.80% from ¥3,476,953,194.49 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were ¥1,376,170,742.27, reflecting a 5.30% increase from ¥1,306,860,781.42 at the end of 2020[31]. - The company reported a basic earnings per share of ¥0.79 for 2021, down 25.47% from ¥1.06 in 2020[31]. - The company reported a total revenue of 17,175,591,000, with a net profit of 555,500,000 for the year 2021[177]. Market Dynamics - The company faces risks from fluctuations in raw material prices, including gold, copper, and plastics, which can impact short-term performance[7]. - The company is experiencing increased competition as major connector manufacturers from Europe, the US, Japan, and Taiwan shift production bases to China, intensifying market competition[8]. - The company emphasizes the importance of developing new high-margin product areas to sustain profitability amid increasing competition[11]. - The company is focused on expanding its market presence and enhancing product offerings to adapt to changing market dynamics[8]. - The connector industry in China accounted for 32.2% of the global market share in 2021, driven by domestic demand and the rapid development of the new energy vehicle sector[44]. Product Development and Innovation - The company aims to leverage its technological advancements to drive future growth and innovation in the connector industry[11]. - The company has developed 5G SFP and SFP+ series products, which have passed key customer performance tests, positioning it as a leader in the high-speed communication connector market[47]. - The company has applied for a total of 28 invention patents and 480 utility model patents, demonstrating its commitment to innovation and technology advancement[53]. - The company is actively pursuing technology research and development in the fields of smart home devices and electric tools[140]. - The company plans to increase investment in high-tech product R&D and new product development in the solar bracket business[152]. Strategic Acquisitions and Partnerships - The company completed the acquisition of Leqing Yihua New Energy Technology Co., Ltd. in 2019, making solar bracket business one of its main operations[30]. - The company has established long-term partnerships with major clients such as Huawei and ZTE, enhancing its competitive edge in the connector industry[51]. - The company has made several acquisitions in the renewable energy sector, including investments in subsidiaries in Thailand and Hong Kong[91]. - The company signed significant sales contracts and procurement contracts, which are currently being fulfilled[66]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[140]. Risk Management and Compliance - The company has established a comprehensive risk management strategy to address potential market and operational risks[7]. - The company is committed to maintaining transparency and accuracy in its financial reporting, as affirmed by its board and management[5]. - The company emphasizes strict compliance with information disclosure regulations, ensuring transparency and fairness for all investors[161]. - The company has established a management system for forward foreign exchange transactions to mitigate adverse effects from exchange rate fluctuations[122]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation[159]. Operational Efficiency - The company is enhancing its internal control management through the implementation of an ERP system and a flat organizational structure to improve efficiency[57]. - The company aims to reduce operational costs by 5% through efficiency improvements in the supply chain[192]. - The company plans to enhance its supply chain efficiency, targeting a 15% reduction in operational costs[200]. - The company has a rapid mold development capability, with a typical mold development cycle of 25 days and some samples developed in as little as 7 days[56]. - The company has achieved a precision level of 0.002mm in machining molds, leading to high-quality connector products[56]. Revenue Segmentation - The revenue from the solar bracket segment was CNY 2,255.58 million, accounting for 50.24% of total revenue, with a year-on-year growth of 70.47%[62]. - The revenue from connectors was CNY 2,049.52 million, representing 45.65% of total revenue, with a year-on-year increase of 14.48%[62]. - Domestic revenue was CNY 1,828.96 million, up 21.94% year-on-year, while international revenue was CNY 2,660.63 million, an increase of 50.46%[62]. Human Resources and Governance - The company has a board of directors consisting of 9 members, including 3 independent directors, ensuring compliance with governance standards[160]. - The company emphasizes the importance of talent acquisition and training to enhance market competitiveness[152]. - The company has a complete and independent human resources management system, ensuring no conflicts of interest with controlling shareholders[163]. - The company held four shareholder meetings in 2021, with participation rates of 59.01%, 60.75%, 57.56%, and 64.42% respectively[165][168]. - The company has a diverse board with members having extensive backgrounds in electronics and management[183].

Financial Performance - The company's revenue for Q1 2022 reached ¥1,045,817,720.35, representing a 23.76% increase compared to ¥845,013,218.48 in the same period last year[5] - Net profit attributable to shareholders was ¥44,915,399.99, a 58.80% increase from ¥28,284,187.66 year-on-year[5] - Basic and diluted earnings per share increased to ¥0.26, up 52.94% from ¥0.17 in the same period last year[5] - The company reported a 59.04% increase in net profit after deducting non-recurring gains and losses, amounting to ¥39,347,705.05 compared to ¥24,740,093.79 in the previous year[5] - Net profit for the current period was ¥42,182,979.96, representing a 56.3% increase compared to ¥26,949,758.83 in the previous period[30] - The company reported a total profit of ¥53,145,380.40, which is a 46.5% increase from ¥36,286,073.55 in the last period[30] Cash Flow - The net cash flow from operating activities improved significantly to ¥40,223,207.53, compared to a negative cash flow of ¥108,047,129.11 in the previous year, marking a 137.23% increase[5] - Cash flow from operating activities generated ¥40,223,207.53, a recovery from a negative cash flow of -¥108,047,129.11 in the previous period[35] - The company recorded a net cash inflow from operating activities of ¥1,039,282,988.61, up from ¥924,890,342.06 in the previous period[35] - Net cash flow from financing activities improved to $128.01 million, compared to a negative $3.68 million in the previous period, reflecting stronger financing capabilities[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,033,473,798.15, a 2.82% increase from ¥4,895,410,418.94 at the end of the previous year[5] - Total liabilities rose to ¥3,576,114,682.50 from ¥3,488,616,324.97, which is an increase of approximately 2.5%[23] - The company's total equity increased to ¥1,457,359,115.65 from ¥1,406,794,093.97, showing a growth of about 3.6%[23] Investments and Expenditures - Cash outflow for the acquisition of fixed assets and intangible assets was $48.05 million, compared to $41.26 million in the previous period, indicating increased capital expenditure[38] - The company received $462.74 million in borrowings, a substantial increase from $217.58 million, highlighting enhanced borrowing activities[38] Other Income and Expenses - The company reported a significant increase in other income by 60.98%, attributed to increased government subsidies[8] - The company experienced a 141.02% increase in financial expenses, mainly due to higher interest expenses[8] - Research and development expenses were ¥44,333,098.66, slightly down from ¥46,051,673.32 in the previous period[27] Shareholder Information - Shareholders' equity attributable to the parent company increased by 3.89% to ¥1,429,695,317.01 from ¥1,376,170,742.27 at the end of the previous year[5] - The company approved a non-public issuance of A-shares for 2022, which was submitted for shareholder meeting review[16] Inventory and Receivables - Accounts receivable decreased to ¥621,379,147.79 from ¥672,408,877.26, indicating a decline of about 7%[17] - Inventory rose to ¥1,802,440,979.25 from ¥1,631,674,477.76, reflecting an increase of approximately 10%[20] - The company’s other receivables decreased to ¥44,458,226.50 from ¥57,946,901.71, indicating a decline of about 23%[17] Audit and Financial Reliability - The company did not conduct an audit for the first quarter report, which may affect the perception of financial reliability[39]

温州意华接插件股份有限公司 2021 年第三季度报告 1 证券代码：002897 证券简称：意华股份 公告编号：2021-061 温州意华接插件股份有限公司 2021 年第三季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--------------------------|--- ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,920,313,832.48, representing a 15.22% increase compared to ¥1,666,696,394.44 in the same period last year[25]. - The net profit attributable to shareholders of the listed company decreased by 47.89% to ¥66,959,670.48 from ¥128,494,791.00 year-on-year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 51.35% to ¥60,287,666.47 compared to ¥123,927,308.18 in the previous year[25]. - The net cash flow from operating activities was negative at -¥373,739,115.53, a decline of 318.38% from ¥171,140,428.35 in the same period last year[25]. - Basic and diluted earnings per share decreased by 48.00% to ¥0.39 from ¥0.75 year-on-year[25]. - The operating cost increased by 26.87%, amounting to ¥1,569,070,678.32, up from ¥1,236,725,447.82 in the previous year[48]. - Sales expenses decreased by 27.49% to ¥40,316,358.04 from ¥55,598,807.16, while management expenses slightly decreased by 2.84%[52]. - Research and development investment increased by 3.41% to ¥101,817,635.21, compared to ¥98,461,443.55 in the previous year[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,277,906,938.36, an increase of 23.04% from ¥3,476,953,194.49 at the end of the previous year[25]. - The total liabilities amounted to RMB 2,873,514,576.69, compared to RMB 2,136,944,471.87 at the end of 2020, marking an increase of around 35%[200]. - The company's short-term borrowings stood at RMB 878,398,645.41 as of June 30, 2021, slightly up from RMB 848,757,868.41 at the end of 2020[200]. - Accounts payable increased to RMB 626,787,552.95 as of June 30, 2021, from RMB 458,773,034.29 at the end of 2020, representing a rise of approximately 37%[200]. - Cash and cash equivalents decreased by 6.85% to ¥266,007,109.29, primarily due to increased inventory reserves[60]. - The company reported a decrease in cash and cash equivalents to RMB 266,007,109.29 as of June 30, 2021, down from RMB 454,441,208.48 at the end of 2020, a decline of about 41%[194]. Revenue Segmentation - The connector segment generated ¥990,395,793.93 in revenue, accounting for 51.57% of total operating revenue, reflecting a 26.96% increase year-on-year[52]. - The solar bracket segment contributed ¥850,432,294.37, representing 44.29% of total revenue, with a year-on-year growth of 4.19%[52]. - Domestic revenue reached ¥852,342,455.75, accounting for 44.39% of total revenue, with a year-on-year increase of 30.59%[55]. - International revenue was ¥1,067,971,376.73, representing 55.61% of total revenue, with a year-on-year increase of 5.32%[55]. - Consumer electronics connector revenue surged by 45.93% year-on-year to ¥178,548,447.09, with costs increasing by 53.72%[55]. - Other connectors and components revenue rose by 77.01% year-on-year to ¥296,810,598.98, with costs increasing by 100.90%[55]. Investments and Acquisitions - The company has made acquisitions in the renewable energy sector, including subsidiaries in Thailand and Hong Kong, focusing on solar technology development[64]. - The company reported a total investment of CNY 108,000,000.00 during the reporting period, a decrease of 2.70% compared to the previous year[71]. - The company reported a derivative investment in forward foreign exchange with an initial investment amount of CNY 34,526.98 million, with a year-end investment amount of CNY 28,789.27 million, representing 20.99% of the company's net assets[79]. Risk Management - The company faces operational risks as outlined in the management discussion and analysis section of the report[5]. - The company faces risks from fluctuations in raw material prices, particularly for gold, steel, copper, and plastics, which have seen significant price increases this year[96]. - The company has implemented strict risk management measures for foreign exchange derivatives to mitigate currency risk, including regular monitoring and reporting of market price changes[82]. - The company emphasizes the importance of accounts receivable management to prevent overdue situations[82]. Shareholder Information - The company emphasizes shareholder rights protection through a reasonable profit distribution policy and maintains good communication with investors[111]. - The largest shareholder, Yihua Holdings Group Co., Ltd., holds 47.48% of the shares, totaling 81,035,094 shares[173]. - The total number of shareholders at the end of the reporting period was 22,963[173]. - The report indicates that there were no share buybacks or repurchases during the period[170]. Rental Agreements and Income - The company has a rental agreement for the Dongguan office with an annual rent of 70.93 million yuan, valid from December 24, 2019, to December 23, 2022[137]. - The total rental income for the company reached 5,529.50 million yuan during the reporting period[143]. - The company has established long-term rental agreements, with some leases extending until 2023, ensuring stable income streams[145]. - The company continues to explore new leasing opportunities to enhance its revenue base and market presence[145]. General Meeting and Corporate Governance - The company held its first extraordinary general meeting in 2021 with a participation rate of 59.01% and the annual general meeting with a participation rate of 60.75%[102]. - The semi-annual financial report for 2021 has not been audited[192]. - There were no significant related party transactions or non-operating fund occupation by controlling shareholders during the reporting period[121].

Financial Performance - The company's operating revenue for 2020 was ¥3,268,276,783.86, representing a 101.43% increase compared to ¥1,622,538,946.55 in 2019[34]. - The net profit attributable to shareholders for 2020 was ¥180,068,877.39, a significant increase of 310.00% from ¥43,919,372.40 in 2019[34]. - The net cash flow from operating activities reached ¥277,440,030.72 in 2020, up 2,441.79% from ¥10,915,135.92 in 2019[34]. - Basic earnings per share for 2020 were ¥1.06, a 307.69% increase from ¥0.26 in 2019[34]. - Total assets at the end of 2020 amounted to ¥3,476,953,194.49, a 12.70% increase from ¥3,085,215,280.01 at the end of 2019[34]. - The company's net assets attributable to shareholders increased by 13.96% to ¥1,306,860,781.42 at the end of 2020, compared to ¥1,146,749,230.12 at the end of 2019[34]. - The weighted average return on equity for 2020 was 14.68%, up from 3.87% in 2019[34]. - The company's operating revenue increased by 101.43%, primarily due to the acquisition of Yihua New Energy[54]. - The company's operating costs rose by 108.99%, also attributed to the acquisition of Yihua New Energy[54]. - Research and development expenses grew by 30.06%, driven by increased project investments and material costs[54]. - The company's investment income increased by 62.78%, primarily due to profits from forward foreign exchange settlements[54]. - The company's financial expenses rose by 651.94%, mainly due to increased interest expenses and foreign exchange losses[54]. - The company's cash and cash equivalents increased by 70.84%, mainly due to the growth of subsidiaries[54]. - The company reported a revenue of 1,790,262,456.89 CNY from connectors, representing a 54.78% increase compared to the previous period, with a gross profit margin of 28.52%[73]. - The solar bracket business generated revenue of 1,323,158,851.45 CNY, a significant increase of 778.52% compared to the previous period, indicating strong market demand[73]. - The company's revenue from overseas markets was CNY 1,768,337.20 million, which is a year-on-year increase of 219.41%[80]. - The gross profit margin for connector products was 26.94%, with a year-on-year increase of 0.76%[81]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 1 RMB per 10 shares based on a total share capital of 170,672,000 shares as of December 31, 2020[15]. - The company distributed a cash dividend of 1 CNY per 10 shares, totaling 17,067,200.00 CNY, which represents 9.48% of the net profit attributable to ordinary shareholders[165]. - The cash dividend for 2020 was less than 20% of the distributable profit due to significant capital expenditures and the need to reserve funds for operational liquidity[168]. - The company reported a total cash dividend amount of 17,067,200.00 CNY, which accounted for 100% of the total distributable profit[168]. Market Position and Strategy - The company is focusing on the development of high-end optical interconnect products, with a strategic emphasis on SFP and SFP+ optical connectors to align with the 5G market growth[11]. - The company has established a dedicated optical interconnect product division since 2015, aiming to capture the increasing demand for high-speed communication connectors in sectors like cloud computing and data centers[11]. - The competitive landscape in the domestic connector market is intensifying, with major international players increasing their production presence in China, posing a challenge to the company's market position[10]. - The company has a leading advantage in production scale and technology compared to smaller domestic competitors, but must continuously enhance its competitiveness to mitigate market risks[10]. - The company is actively pursuing new product development to adapt to changing market dynamics and consumer demands[11]. - The company is committed to improving its cost management and responsiveness to market changes to maintain its competitive edge[10]. - The company plans to continue focusing on the connector industry and expand its domestic market share while actively exploring international markets[155]. - The company aims to enhance its marketing network and strengthen its presence in telecommunications, home appliances, security, and automotive markets[156]. - The company intends to invest in high-tech product research and development and cultivate new products to drive long-term sustainable growth[155]. - The company plans to optimize customer resources and adjust its product structure to increase the revenue share of high-end precision connectors and optical interconnect products[160]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly for key materials like gold and copper, which can impact product pricing and profitability[7]. - The company's export operations are subject to exchange rate fluctuations, which could affect its profitability as overseas business continues to grow[14]. - The company acknowledges the uncertainty in expected returns from high-speed communication connectors due to immature production processes and market demand volatility[11]. Acquisitions and Investments - The company completed the acquisition of Leqing Yihua New Energy Technology Co., Ltd. in 2019, adding solar bracket business to its main operations[33]. - The company acquired 100% equity of Leqing Yihua New Energy Technology Co., Ltd. for 51.5 million yuan, with a profit commitment of no less than 6.5 million yuan for 2019 and a total of no less than 14 million yuan for 2019 and 2020 combined[178]. - In 2019, Leqing Yihua achieved a net profit of 11.34 million yuan, and in 2020, it achieved a net profit of 10.92 million yuan, fulfilling the profit commitment for both years[178]. - The actual performance of Leqing Yihua for 2019 and 2020 was 19.42 million yuan, meeting the performance commitment[178]. - The company has established long-term cooperative relationships with major clients such as Huawei and ZTE, enhancing its competitive advantage in the connector market[62]. - The company has acquired overseas assets, including Thai Hua New Energy Co., Ltd. with an asset scale of 80 million Thai Baht, contributing 13.52% to the company's net assets[58]. - The overseas assets of the company include Yuanfeng New Energy Co., Ltd. in Thailand, which has an asset scale of 100 million Thai Baht, contributing 0.70% to the company's net assets[58]. Research and Development - The company has applied for a total of 426 patents, enhancing its innovation capabilities in connector technology[50]. - The company employed 718 R&D personnel in 2020, a 9.45% increase from 2019[96]. - The company's R&D team has been providing competitive connector products to major telecom equipment manufacturers, ensuring a strong market position in high-speed transmission[66]. - The company has a strong focus on innovation in product development and manufacturing technology, maintaining a leading position in the industry[64]. - The company has implemented an ERP system for cost accounting, enhancing internal control and management efficiency as it scales operations[69]. Operational Efficiency - The company has a rapid mold development cycle, typically around 25 days, with some samples developed in as little as 7 days, ensuring quick response to customer needs[68]. - The inventory of connectors increased by 143.50% year-on-year, primarily due to an increase in year-end stock orders[85]. - The total sales amount from the top five customers reached ¥1,791,946,826.39, accounting for 54.83% of the annual total sales[91]. - The total purchase amount from the top five suppliers was ¥637,158,341.12, representing 29.08% of the annual total purchases[91]. Compliance and Governance - The company has committed to maintaining information disclosure standards and has fulfilled its commitments regarding non-operating fund occupation by controlling shareholders[179]. - The company has implemented a new revenue recognition policy effective from January 1, 2020, which does not significantly impact its financial indicators for 2019[180]. - The company has no significant accounting errors that require retrospective restatement during the reporting period[181]. - The company has fulfilled all commitments made during the IPO process, including share lock-up agreements[172]. - The company is actively managing related party transactions and has measures in place to reduce and regulate such transactions[172]. - The company has a long-term commitment to maintaining stable stock prices as outlined in its IPO prospectus[172]. - The domestic accounting firm, Lixin Certified Public Accountants, was retained with an audit fee of 1.05 million yuan, and has provided services for 7 consecutive years[186]. - There were no significant lawsuits or arbitration matters during the reporting period[188]. - The company reported no penalties or rectification issues during the reporting period[189]. - The company and its controlling shareholders maintained good credit status without any unfulfilled court judgments or significant overdue debts[190]. - There were no employee incentive plans or stock ownership plans implemented during the reporting period[193]. - The company did not engage in any related party transactions during the reporting period[194]. - There were no significant contracts or leasing matters during the reporting period[197]. - The company disclosed its expected daily related party transactions in an announcement on May 28, 2020[198].

Financial Performance - The company's operating revenue for Q1 2021 was ¥845,013,218.48, representing a 35.83% increase compared to ¥622,088,258.66 in the same period last year[7] - Net profit attributable to shareholders was ¥28,284,187.66, a decrease of 10.72% from ¥31,680,892.64 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥24,740,093.79, down 19.12% from ¥30,589,925.99 in the previous year[7] - Total operating revenue for the first quarter reached ¥845,013,218.48, a significant increase from ¥622,088,258.66 in the previous period[53] - Operating profit for the current period was ¥35,955,014.62, slightly down from ¥36,686,430.16 in the previous period, indicating a decrease of about 2%[59] - Net profit for the current period was ¥26,949,758.83, compared to ¥28,957,462.00 in the previous period, reflecting a decline of approximately 7%[59] - The total profit for the current period was ¥36,286,073.55, slightly lower than ¥36,716,092.39 in the previous period, a decrease of about 1.2%[59] Cash Flow - The net cash flow from operating activities was -¥108,047,129.11, a significant decline of 913.32% compared to ¥13,284,731.16 in the same period last year[7] - Cash inflow from operating activities totaled ¥924,890,342.06, up from ¥799,080,338.29 in the previous period, representing an increase of approximately 15.7%[75] - Cash outflow from operating activities was ¥1,032,937,471.17, compared to ¥785,795,607.13 in the previous period, resulting in a net cash flow from operating activities of -¥108,047,129.11[75] - The company reported a net cash flow from investment activities of -¥31,388,935.27, compared to a positive cash flow of ¥210,286.42 in the previous period[75] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,670,613,780.58, an increase of 5.57% from ¥3,476,953,194.49 at the end of the previous year[7] - The total liabilities increased to ¥2,299,041,768.15 from ¥2,136,944,471.87, reflecting a growth of approximately 7.6%[45] - Current liabilities totaled ¥1,776,329,573.11, up from ¥1,726,980,744.99, indicating an increase of about 2.9%[45] - Non-current liabilities rose to ¥522,712,195.04 from ¥409,963,726.88, marking an increase of approximately 27.4%[45] - Total equity attributable to shareholders increased to ¥1,337,443,757.21 from ¥1,306,860,781.42, showing a growth of about 2.3%[45] Earnings Per Share - Basic earnings per share were ¥0.17, down 10.53% from ¥0.19 in the same period last year[7] - Diluted earnings per share were also ¥0.17, a decrease of 10.53% compared to ¥0.19 year-on-year[7] - The basic earnings per share for the current period was ¥0.17, down from ¥0.19 in the previous period, a decrease of approximately 10.5%[63] Operating Costs and Income - Operating costs rose by 41.00% year-over-year, in line with the increase in operating revenue[21] - Other income surged by 183.90% year-over-year, mainly due to increased government subsidies[21] - Investment income skyrocketed by 1169.99% year-over-year, primarily from profits on forward foreign exchange contracts[21] - The company’s total operating costs amounted to ¥810,812,844.53, up from ¥586,960,405.45, reflecting an increase of approximately 38%[59] Cash and Cash Equivalents - As of March 31, 2021, cash and cash equivalents decreased by 32.81% compared to the end of the previous year, primarily due to a reduction in bank deposits[21] - The ending cash and cash equivalents balance was ¥280,788,264.18, down from ¥375,109,772.61 in the previous period, indicating a decrease of approximately 25.2%[76] Other Financial Metrics - The weighted average return on equity was 2.14%, down from 2.73% in the previous year[7] - The company reported non-operating income of ¥3,544,093.87 during the reporting period[7] - Research and development expenses increased to ¥46,051,673.32 from ¥36,644,764.42, marking a rise of about 25%[59] - The company reported a financial expense of ¥14,563,009.31, significantly higher than ¥3,937,805.25 in the previous period, indicating an increase of over 270%[59] Comprehensive Income - Other comprehensive income after tax for the current period was ¥2,298,788.13, compared to a loss of ¥589,984.08 in the previous period, showing a significant recovery[59] - Total comprehensive income amounted to ¥9,705,023.79, a decrease of ¥1,187,087.66 compared to the previous period[70] Additional Information - The company implemented the new leasing standards starting January 1, 2021, which did not significantly impact its financial status, operating results, or cash flows[84] - The first quarter report for 2021 was not audited[85]

Financial Performance - Net profit attributable to shareholders increased by 81.50% to CNY 40,512,553.05 for the reporting period[7] - Operating revenue for the period reached CNY 809,489,468.91, representing a 113.27% increase year-on-year[7] - Basic earnings per share rose by 84.62% to CNY 0.24 for the reporting period[7] - The company reported a significant increase in net profit for the year-to-date, up 248.70% to CNY 169,007,344.05[7] - The company's net profit attributable to shareholders increased by 248.70% compared to the end of the previous year, reflecting an overall increase in profitability[22] - The company reported a net profit of CNY 584,852,198.05, an increase from CNY 424,378,454.00, representing a growth of approximately 37.8%[48] - The net profit for the period was ¥39,286,232.20, compared to ¥16,917,691.32 in the same period last year, reflecting a growth of approximately 132.3%[61] - The net profit attributable to the parent company was ¥169,007,344.05, up from ¥48,467,749.04, reflecting a significant increase of 248.5%[79] Revenue and Costs - Total operating revenue for the third quarter reached ¥809,489,468.91, a significant increase from ¥379,564,059.22 in the previous period, representing a growth of approximately 113.8%[55] - Total operating costs amounted to ¥769,769,812.73, up from ¥355,925,543.44, indicating an increase of about 116.2%[58] - The company's total operating revenue for the current period reached ¥2,476,185,863.35, a significant increase from ¥1,032,296,190.16 in the previous period, representing a growth of approximately 140%[72] - Operating costs for the current period were ¥2,268,784,439.72, compared to ¥986,685,647.78 in the previous period, indicating a rise of about 130%[72] Assets and Liabilities - Total assets increased by 1.61% to CNY 3,134,958,504.92 compared to the end of the previous year[7] - The company's total assets increased to ¥2,108,154,862.37 from ¥1,966,621,374.38, marking a growth of about 7.2%[55] - Total liabilities decreased to CNY 1,792,806,622.99 from CNY 1,901,003,475.48, a reduction of approximately 5.7%[45] - Total liabilities rose to ¥1,213,319,815.99, up from ¥1,091,979,530.33, which is an increase of approximately 11.1%[55] - The company's equity attributable to shareholders reached CNY 1,305,230,468.76, up from CNY 1,146,749,230.12, marking an increase of about 13.9%[48] Cash Flow - Net cash flow from operating activities surged by 2,563.92% to CNY 120,519,734.85[7] - The company's cash and cash equivalents increased by 49.00% compared to the end of the previous year, mainly due to increased cash received from sales[22] - Cash inflow from operating activities totaled CNY 2,803,665,930.43, a significant increase from CNY 943,338,163.73 in the previous period[89] - Cash inflow from financing activities amounted to CNY 869,399,054.83, a substantial rise from CNY 273,271,261.78 in the prior period[92] Research and Development - The company's research and development expenses increased by 57.36% compared to the end of the previous year, reflecting a focus on innovation and product development[22] - Research and development expenses for the quarter were ¥50,988,510.38, compared to ¥36,179,952.83 in the previous year, showing an increase of about 40.9%[58] - Research and development expenses amounted to ¥149,449,953.93, up from ¥94,972,323.23 in the previous period, marking a growth of approximately 57%[72] - Research and development expenses were reported at ¥45,750,425.95, slightly up from ¥44,595,944.73, indicating continued investment in innovation[83] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,187[11] - The largest shareholder, Yihua Holding Group Co., Ltd., holds 47.48% of the shares[11] Strategic Initiatives - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[41] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[72] - The company has identified strategic opportunities for mergers and acquisitions to enhance its competitive position in the market[72]